Document_and_Entity_Informatio
Document and Entity Information | 6 Months Ended | |
Jun. 30, 2014 | Jul. 31, 2014 | |
Document And Entity Information [Abstract] | ' | ' |
Document Type | '10-Q | ' |
Amendment Flag | 'false | ' |
Document Period End Date | 30-Jun-14 | ' |
Document Fiscal Year Focus | '2014 | ' |
Document Fiscal Period Focus | 'Q2 | ' |
Trading Symbol | 'WTFC | ' |
Entity Registrant Name | 'WINTRUST FINANCIAL CORP | ' |
Entity Central Index Key | '0001015328 | ' |
Current Fiscal Year End Date | '--12-31 | ' |
Entity Filer Category | 'Large Accelerated Filer | ' |
Entity Common Stock, Shares Outstanding | ' | 46,589,196 |
Consolidated_Statements_Of_Con
Consolidated Statements Of Condition (USD $) | Jun. 30, 2014 | Dec. 31, 2013 | Jun. 30, 2013 |
In Thousands, unless otherwise specified | |||
Assets | ' | ' | ' |
Cash and due from banks | $349,013 | $253,408 | $224,286 |
Federal funds sold and securities purchased under resale agreements | 7,965 | 10,456 | 9,013 |
Interest bearing deposits with banks | 506,871 | 495,574 | 440,656 |
Available-for-sale securities, at fair value | 1,824,240 | 2,176,290 | 1,843,824 |
Trading account securities | 2,234 | 497 | 659 |
Federal Home Loan Bank and Federal Reserve Bank stock | 84,531 | 79,261 | 79,354 |
Brokerage customer receivables | 28,199 | 30,953 | 26,214 |
Mortgage loans held-for-sale | 363,627 | 334,327 | 537,991 |
Loans, net of unearned income, excluding covered loans | 13,749,996 | 12,896,602 | 12,516,892 |
Covered loans | 275,154 | 346,431 | 454,602 |
Total loans | 14,025,150 | 13,243,033 | 12,971,494 |
Less: Allowance for loan losses | 92,253 | 96,922 | 106,842 |
Less: Allowance for covered loan losses | 1,667 | 10,092 | 14,429 |
Net loans | 13,931,230 | 13,136,019 | 12,850,223 |
Premises and equipment, net | 535,281 | 531,947 | 512,928 |
FDIC indemnification asset | 46,115 | 85,672 | 137,681 |
Accrued interest receivable and other assets | 525,394 | 569,619 | 573,709 |
Trade date securities receivable | 292,366 | 0 | 0 |
Goodwill | 381,721 | 374,547 | 356,871 |
Other intangible assets | 16,894 | 19,213 | 20,137 |
Total assets | 18,895,681 | 18,097,783 | 17,613,546 |
Deposits: | ' | ' | ' |
Non-interest bearing | 3,072,430 | 2,721,771 | 2,450,659 |
Interest bearing | 12,483,946 | 11,947,018 | 11,915,195 |
Total deposits | 15,556,376 | 14,668,789 | 14,365,854 |
Notes payable | 0 | 364 | 1,729 |
Federal Home Loan Bank advances | 580,582 | 417,762 | 585,942 |
Other borrowings | 43,716 | 254,740 | 252,776 |
Subordinated notes | 140,000 | 0 | 10,000 |
Junior subordinated debentures | 249,493 | 249,493 | 249,493 |
Trade date securities payable | 0 | 303,088 | 577 |
Accrued interest payable and other liabilities | 327,279 | 302,958 | 310,515 |
Total liabilities | 16,897,446 | 16,197,194 | 15,776,886 |
Preferred stock, no par value; 20,000,000 shares authorized: | ' | ' | ' |
Common stock, no par value; $1.00 stated value; 100,000,000 shares authorized at June 30, 2014, December 31, 2013, and June 30, 2013; 46,626,772 shares issued at June 30, 2014, 46,181,588 shares issued at December 31, 2013, and 37,984,485 shares issued at June 30, 2013 | 46,627 | 46,181 | 37,985 |
Surplus | 1,125,551 | 1,117,032 | 1,066,796 |
Treasury stock, at cost, 73,867 shares at June 30, 2014, 65,005 shares at December 31, 2013, and 259,342 shares at June 30, 2013 | -3,449 | -3,000 | -8,214 |
Retained earnings | 737,542 | 676,935 | 612,821 |
Accumulated other comprehensive loss | -34,503 | -63,036 | -49,204 |
Total shareholders' equity | 1,998,235 | 1,900,589 | 1,836,660 |
Total liabilities and shareholders' equity | $18,895,681 | $18,097,783 | $17,613,546 |
Consolidated_Statements_Of_Con1
Consolidated Statements Of Condition (Parenthetical) (USD $) | 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 |
Series A - $1,000 liquidation value; No shares issued and outstanding at June 30, 2014 and December 31, 2013, and 50,000 shares issued and outstanding at June 30, 2013 | Series A - $1,000 liquidation value; No shares issued and outstanding at June 30, 2014 and December 31, 2013, and 50,000 shares issued and outstanding at June 30, 2013 | Series A - $1,000 liquidation value; No shares issued and outstanding at June 30, 2014 and December 31, 2013, and 50,000 shares issued and outstanding at June 30, 2013 | Series C - $1,000 liquidation value; 126,467 shares issued and outstanding at June 30, 2014, 126,477 shares issued and outstanding at December 31, 2013, and 126,500 shares issued and outstanding at June 30, 2013 | Series C - $1,000 liquidation value; 126,467 shares issued and outstanding at June 30, 2014, 126,477 shares issued and outstanding at December 31, 2013, and 126,500 shares issued and outstanding at June 30, 2013 | Series C - $1,000 liquidation value; 126,467 shares issued and outstanding at June 30, 2014, 126,477 shares issued and outstanding at December 31, 2013, and 126,500 shares issued and outstanding at June 30, 2013 | ||||
Preferred stock, no par value | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Preferred stock, 20,000,000 shares authorized | 20,000,000 | 20,000,000 | 20,000,000 | ' | ' | ' | ' | ' | ' |
Preferred stock, $1,000 liquidation value | ' | ' | ' | $1,000 | $1,000 | $1,000 | $1,000 | $1,000 | $1,000 |
Preferred stock, shares issued | ' | ' | ' | 0 | 0 | 50,000 | 126,467 | 126,477 | 126,500 |
Preferred stock, shares outstanding | ' | ' | ' | 0 | 0 | 50,000 | 126,467 | 126,477 | 126,500 |
Common stock, no par value | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Common stock, $1.00 stated value | $1 | $1 | $1 | ' | ' | ' | ' | ' | ' |
Common stock, 100,000,000 shares authorized | 100,000,000 | 100,000,000 | 100,000,000 | ' | ' | ' | ' | ' | ' |
Common stock, shares issued | 46,626,772 | 46,181,588 | 37,984,485 | ' | ' | ' | ' | ' | ' |
Treasury stock, shares | 73,867 | 65,005 | 259,342 | ' | ' | ' | ' | ' | ' |
Consolidated_Statements_Of_Inc
Consolidated Statements Of Income (Unaudited) (USD $) | 3 Months Ended | 6 Months Ended | ||
In Thousands, except Per Share data, unless otherwise specified | Jun. 30, 2014 | Jun. 30, 2013 | Jun. 30, 2014 | Jun. 30, 2013 |
Interest income | ' | ' | ' | ' |
Interest and fees on loans | $151,984 | $145,983 | $299,014 | $288,097 |
Interest bearing deposits with banks | 319 | 411 | 568 | 980 |
Federal funds sold and securities purchased under resale agreements | 6 | 4 | 10 | 19 |
Available-for-sale securities | 13,309 | 9,359 | 26,423 | 18,111 |
Trading account securities | 5 | 8 | 14 | 13 |
Federal Home Loan Bank and Federal Reserve Bank stock | 727 | 693 | 1,438 | 1,377 |
Brokerage customer receivables | 200 | 188 | 409 | 362 |
Total interest income | 166,550 | 156,646 | 327,876 | 308,959 |
Interest expense | ' | ' | ' | ' |
Interest on deposits | 11,759 | 13,675 | 23,682 | 28,179 |
Interest on Federal Home Loan Bank advances | 2,705 | 2,821 | 5,348 | 5,585 |
Interest on notes payable and other borrowings | 510 | 1,132 | 1,260 | 2,286 |
Interest on subordinated notes | 354 | 52 | 354 | 111 |
Interest on junior subordinated debentures | 2,042 | 3,142 | 4,046 | 6,261 |
Total interest expense | 17,370 | 20,822 | 34,690 | 42,422 |
Net interest income | 149,180 | 135,824 | 293,186 | 266,537 |
Provision for credit losses | 6,660 | 15,382 | 8,540 | 31,069 |
Net interest income after provision for credit losses | 142,520 | 120,442 | 284,646 | 235,468 |
Non-interest income | ' | ' | ' | ' |
Wealth management | 18,222 | 15,892 | 35,035 | 30,720 |
Mortgage banking | 23,804 | 31,734 | 40,232 | 61,879 |
Service charges on deposit accounts | 5,688 | 5,035 | 11,034 | 9,828 |
(Losses) gains on available-for-sale securities, net | -336 | 2 | -369 | 253 |
Fees from covered call options | 1,244 | 993 | 2,786 | 2,632 |
Trading (losses) gains, net | -743 | 3,260 | -1,395 | 2,825 |
Other | 6,223 | 7,079 | 12,308 | 13,237 |
Total non-interest income | 54,102 | 63,995 | 99,631 | 121,374 |
Non-interest expense | ' | ' | ' | ' |
Salaries and employee benefits | 81,963 | 79,225 | 161,897 | 156,738 |
Equipment | 7,223 | 6,413 | 14,626 | 12,597 |
Occupancy, net | 9,850 | 8,707 | 20,843 | 17,560 |
Data processing | 4,543 | 4,358 | 9,258 | 8,957 |
Advertising and marketing | 3,558 | 2,722 | 6,374 | 4,762 |
Professional fees | 4,046 | 4,191 | 7,500 | 7,412 |
Amortization of other intangible assets | 1,156 | 1,164 | 2,319 | 2,284 |
FDIC insurance | 3,196 | 3,003 | 6,147 | 6,447 |
OREO expense, net | 2,490 | 2,284 | 6,466 | 664 |
Other | 15,566 | 16,120 | 29,476 | 30,885 |
Total non-interest expense | 133,591 | 128,187 | 264,906 | 248,306 |
Income before taxes | 63,031 | 56,250 | 119,371 | 108,536 |
Income tax expense | 24,490 | 21,943 | 46,330 | 42,177 |
Net income | 38,541 | 34,307 | 73,041 | 66,359 |
Preferred stock dividends and discount accretion | 1,581 | 2,617 | 3,162 | 5,233 |
Net income applicable to common shares | $36,960 | $31,690 | $69,879 | $61,126 |
Net income per common share-Basic (in usd per share) | $0.79 | $0.85 | $1.51 | $1.64 |
Net income per common share-Diluted (in usd per share) | $0.76 | $0.69 | $1.44 | $1.34 |
Cash dividends declared per common share | $0.10 | $0 | $0.20 | $0.09 |
Weighted average common shares outstanding | 46,520 | 37,486 | 46,358 | 37,231 |
Dilutive potential common shares | 4,402 | 12,354 | 4,456 | 12,363 |
Average common shares and dilutive common shares | 50,922 | 49,840 | 50,814 | 49,594 |
Consolidated_Statements_Of_Com
Consolidated Statements Of Comprehensive Income (Unaudited) (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 | $38,541 | $34,307 | $73,041 | $66,359 |
Unrealized gains (losses) on securities | ' | ' | ' | ' |
Before tax | 26,049 | -71,463 | 48,575 | -78,918 |
Tax effect | -10,332 | 28,341 | -19,136 | 31,147 |
Net of tax | 15,717 | -43,122 | 29,439 | -47,771 |
Less: Reclassification of net (losses) gains included in net income | ' | ' | ' | ' |
Before tax | -336 | 2 | -369 | 253 |
Tax effect | 133 | -1 | 146 | -101 |
Net of tax | -203 | 1 | -223 | 152 |
Net unrealized gains (losses) on securities | 15,920 | -43,123 | 29,662 | -47,923 |
Unrealized (losses) gains on derivative instruments | ' | ' | ' | ' |
Before tax | -626 | 2,169 | -724 | 3,643 |
Tax effect | 249 | -865 | 288 | -1,451 |
Net unrealized (losses) gains on derivative instruments | -377 | 1,304 | -436 | 2,192 |
Foreign currency translation adjustment | ' | ' | ' | ' |
Before tax | 9,045 | -8,241 | -914 | -14,545 |
Tax effect | -2,338 | 1,923 | 221 | 3,361 |
Net foreign currency translation adjustment | 6,707 | -6,318 | -693 | -11,184 |
Total other comprehensive income (loss) | 22,250 | -48,137 | 28,533 | -56,915 |
Comprehensive income (loss) | $60,791 | ($13,830) | $101,574 | $9,444 |
Consolidated_Statements_Of_Cha
Consolidated Statements Of Changes In Shareholders Equity (Unaudited) (USD $) | Total | Preferred stock | Common stock | Surplus | Treasury stock | Retained earnings | Accumulated other comprehensive income (loss) |
In Thousands, unless otherwise specified | |||||||
Balance at Dec. 31, 2012 | $1,804,705 | $176,406 | $37,108 | $1,036,295 | ($7,838) | $555,023 | $7,711 |
Increase (Decrease) in Stockholders' Equity [Roll Forward] | ' | ' | ' | ' | ' | ' | ' |
Net income | 66,359 | ' | ' | ' | ' | 66,359 | ' |
Other comprehensive (loss) income, net of tax | -56,915 | ' | ' | ' | ' | ' | -56,915 |
Cash dividends declared on common stock | -3,328 | ' | ' | ' | ' | -3,328 | ' |
Dividends on preferred stock | -5,163 | ' | ' | ' | ' | -5,163 | ' |
Accretion on preferred stock | 0 | 70 | ' | ' | ' | -70 | ' |
Stock-based compensation | 4,628 | ' | ' | 4,628 | 0 | ' | ' |
Common stock issued for: | ' | ' | ' | ' | ' | ' | ' |
Acquisitions | 23,070 | ' | 648 | 22,422 | ' | ' | ' |
Exercise of stock options and warrants | 1,133 | ' | 46 | 1,301 | -214 | ' | ' |
Restricted stock awards | 99 | ' | 121 | 140 | -162 | ' | ' |
Employee stock purchase plan | 1,318 | ' | 31 | 1,287 | ' | ' | ' |
Director compensation plan | 754 | ' | 31 | 723 | ' | ' | ' |
Balance at Jun. 30, 2013 | 1,836,660 | 176,476 | 37,985 | 1,066,796 | -8,214 | 612,821 | -49,204 |
Balance at Dec. 31, 2013 | 1,900,589 | 126,477 | 46,181 | 1,117,032 | -3,000 | 676,935 | -63,036 |
Increase (Decrease) in Stockholders' Equity [Roll Forward] | ' | ' | ' | ' | ' | ' | ' |
Net income | 73,041 | ' | ' | ' | ' | 73,041 | 0 |
Other comprehensive (loss) income, net of tax | 28,533 | ' | ' | ' | ' | ' | 28,533 |
Cash dividends declared on common stock | -9,272 | ' | ' | ' | ' | -9,272 | ' |
Dividends on preferred stock | -3,162 | ' | ' | ' | ' | -3,162 | ' |
Stock-based compensation | 3,754 | ' | ' | 3,754 | ' | ' | ' |
Conversion of Series C preferred stock to common stock | 0 | -10 | 1 | 9 | ' | ' | ' |
Common stock issued for: | ' | ' | ' | ' | ' | ' | ' |
Exercise of stock options and warrants | 2,506 | ' | 347 | 2,472 | -313 | ' | ' |
Restricted stock awards | 39 | ' | 48 | 127 | -136 | ' | ' |
Employee stock purchase plan | 1,424 | ' | 30 | 1,394 | ' | ' | ' |
Director compensation plan | 783 | ' | 20 | 763 | ' | ' | ' |
Balance at Jun. 30, 2014 | $1,998,235 | $126,467 | $46,627 | $1,125,551 | ($3,449) | $737,542 | ($34,503) |
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 |
Operating Activities: | ' | ' |
Net income | $73,041 | $66,359 |
Adjustments to reconcile net income to net cash provided by operating activities | ' | ' |
Provision for credit losses | 8,540 | 31,069 |
Depreciation and amortization | 15,510 | 13,874 |
Stock-based compensation expense | 3,754 | 4,628 |
Tax (expense) benefit from stock-based compensation arrangements | -61 | 223 |
Excess tax benefits from stock-based compensation arrangements | -226 | -326 |
Net amortization of premium on securities | 3,419 | 155 |
Mortgage servicing rights fair value change, net | 712 | -1,456 |
Originations and purchases of mortgage loans held-for-sale | -1,368,131 | -2,025,231 |
Proceeds from sales of mortgage loans held-for-sale | 1,371,124 | 1,954,766 |
Increase in trading securities, net | -1,737 | -76 |
Net decrease (increase) in brokerage customer receivables | 2,754 | -1,350 |
Gains on mortgage loans sold | -32,293 | -55,326 |
Losses (gains) on available-for-sale securities, net | 369 | -253 |
Loss on sales of premises and equipment, net | 561 | 0 |
Net loss (gains) on sales and fair value adjustments of other real estate owned | 3,360 | -1,926 |
Decrease in accrued interest receivable and other assets, net | 41,887 | 33,531 |
Increase (decrease) in accrued interest payable and other liabilities, net | 4,253 | -12,930 |
Net Cash Provided by Operating Activities | 126,836 | 5,731 |
Investing Activities: | ' | ' |
Proceeds from maturities of available-for-sale securities | 213,384 | 120,803 |
Proceeds from sales of available-for-sale securities | 196,042 | 84,459 |
Purchases of available-for-sale securities | -608,800 | -205,372 |
Net cash paid for acquisitions | -7,267 | -9,350 |
Divestiture of operations | 0 | -149,100 |
Proceeds from sales of other real estate owned | 47,160 | 40,127 |
Proceeds received from the FDIC related to reimbursements on covered assets | 10,818 | 21,483 |
Net (increase) decrease in interest bearing deposits with banks | -11,297 | 653,816 |
Net increase in loans | -822,314 | -530,412 |
Purchases of premises and equipment, net | -17,386 | -13,097 |
Net Cash (Used for) Provided by Investing Activities | -999,660 | 13,357 |
Financing Activities: | ' | ' |
Increase (decrease) in deposit accounts | 882,631 | -242,433 |
Decrease in other borrowings, net | -211,388 | -22,881 |
Increase in Federal Home Loan Bank advances, net | 163,000 | 172,000 |
Proceeds from issuance of subordinated notes, net | 139,090 | 0 |
Repayment of subordinated notes | 0 | -5,000 |
Excess tax benefits from stock-based compensation arrangements | 226 | 326 |
Issuance of common shares resulting from exercise of stock options, employee stock purchase plan and conversion of common stock warrants | 5,262 | 3,457 |
Common stock repurchases | -449 | -376 |
Dividends paid | -12,434 | -5,910 |
Net Cash Provided by (Used for) Financing Activities | 965,938 | -100,817 |
Net Increase (Decrease) in Cash and Cash Equivalents | 93,114 | -81,729 |
Cash and Cash Equivalents at Beginning of Period | 263,864 | 315,028 |
Cash and Cash Equivalents at End of Period | $356,978 | $233,299 |
Basis_of_Presentation
Basis of Presentation | 6 Months Ended |
Jun. 30, 2014 | |
Accounting Policies [Abstract] | ' |
Basis of Presentation | ' |
Basis of Presentation | |
The consolidated financial statements of Wintrust Financial Corporation and Subsidiaries (“Wintrust” or “the Company”) presented herein are unaudited, but in the opinion of management reflect all necessary adjustments of a normal or recurring nature for a fair presentation of results as of the dates and for the periods covered by the consolidated financial statements. | |
The accompanying consolidated financial statements are unaudited and do not include information or footnotes necessary for a complete presentation of financial condition, results of operations or cash flows in accordance with U.S. generally accepted accounting principles ("GAAP"). The consolidated financial statements should be read in conjunction with the consolidated financial statements and notes included in the Company’s Annual Report on Form 10-K for the year ended December 31, 2013 (“2013 Form 10-K”). Operating results reported for the three-month and six-month periods are not necessarily indicative of the results which may be expected for the entire year. Reclassifications of certain prior period amounts have been made to conform to the current period presentation. | |
The preparation of the financial statements requires management to make estimates, assumptions and judgments that affect the reported amounts of assets and liabilities. Management believes that the estimates made are reasonable, however, changes in estimates may be required if economic or other conditions develop differently from management’s expectations. Certain policies and accounting principles inherently have a greater reliance on the use of estimates, assumptions and judgments and as such have a greater possibility of producing results that could be materially different than originally reported. Management views critical accounting policies to be those which are highly dependent on subjective or complex judgments, estimates and assumptions, and where changes in those estimates and assumptions could have a significant impact on the financial statements. Management currently views the determination of the allowance for loan losses, allowance for covered loan losses and the allowance for losses on lending-related commitments, loans acquired with evidence of credit quality deterioration since origination, estimations of fair value, the valuations required for impairment testing of goodwill, the valuation and accounting for derivative instruments and income taxes as the accounting areas that require the most subjective and complex judgments, and as such could be the most subject to revision as new information becomes available. Descriptions of our significant accounting policies are included in Note 1 - “Summary of Significant Accounting Policies” of the Company’s 2013 Form 10-K. |
Recent_Accounting_Developments
Recent Accounting Developments | 6 Months Ended |
Jun. 30, 2014 | |
New Accounting Pronouncements and Changes in Accounting Principles [Abstract] | ' |
New Accounting Pronouncements and Changes in Accounting Principles | ' |
Recent Accounting Developments | |
Accounting for Investments in Qualified Affordable Housing Projects | |
In January 2014, the FASB issued ASU No. 2014-01, “Investments - Equity Method and Joint Ventures (Topic 323): Accounting for Investments in Qualified Affordable Housing Projects,” to provide guidance on accounting for investments by a reporting entity in flow-through limited liability entities that invest in affordable housing projects that qualify for the low-income housing tax credit. This ASU permits new accounting treatment, if certain conditions are met, which allows the Company to amortize the initial cost of an investment in proportion to the amount of tax credits and other tax benefits received with recognition of the investment performance in income tax expense. This guidance is effective for fiscal years beginning after December 15, 2014 and is to be applied retrospectively. The Company does not expect this guidance to have a material impact on the Company’s consolidated financial statements. | |
Repossession of Residential Real Estate Collateral | |
In January 2014, the FASB issued ASU No. 2014-04, “Receivables - Troubled Debt Restructurings by Creditors (Topic 310-40): Reclassification of Residential Real Estate Collateralized Consumer Mortgage Loans upon Foreclosure,” to address diversity in practice and clarify guidance regarding the accounting for an in-substance repossession or foreclosure of residential real estate collateral. This ASU clarifies that an in-substance repossession or foreclosure occurs upon either the creditor obtaining legal title to the residential real estate property upon completion of a foreclosure or the borrower conveying all interest in the residential real estate property to the creditor. Additionally, this ASU requires disclosure of both the amount of foreclosed residential real estate property held by the Company and the recorded investment in consumer mortgage loans collateralized by residential real estate property that are in the process of foreclosure. This guidance is effective for fiscal years beginning after December 15, 2014. Other than requiring additional disclosures, the Company does not expect adoption of this guidance to have a material impact on the Company’s consolidated financial statements. | |
Revenue Recognition | |
In May 2014, the FASB issued ASU No. 2014-09, which created "Revenue from Contracts with Customers (Topic 606), to clarify the principles for recognizing revenue and develop a common revenue standard for customer contracts. This ASU provides guidance regarding how an entity should recognize revenue to depict the transfer of promised goods or services to customers in an amount that reflects the consideration to which the entity expects to be entitled in exchange for those goods or services. The ASU also added a new subtopic to the codification, ASC 340-40, "Other Assets and Deferred Costs: Contracts with Customers" to provide guidance on costs related to obtaining and fulfilling a customer contract. Furthermore, the new standard requires disclosure of sufficient information to enable users of financial statements to understand the nature, amount, timing, and uncertainty of revenue and cash flows arising from contracts with customers. This guidance is effective for fiscal years beginning after December 15, 2016. The Company is current evaluating the impact of adopting this new guidance on the consolidated financial statements. |
Business_Combinations
Business Combinations | 6 Months Ended | |||||||||||||||
Jun. 30, 2014 | ||||||||||||||||
Business Combinations [Abstract] | ' | |||||||||||||||
Business Combinations | ' | |||||||||||||||
Business Combinations | ||||||||||||||||
Non-FDIC Assisted Bank Acquisitions | ||||||||||||||||
On May 16, 2014, the Company, through its wholly-owned subsidiary Hinsdale Bank and Trust Company ("Hinsdale Bank") acquired the Stone Park branch office and certain related deposits of Urban Partnership Bank ("UPB"). The Company assumed liabilities with a fair value of approximately $5.5 million, including approximately $5.4 million of deposits. Additionally, the Company recorded goodwill of $600,000 on the acquisition. | ||||||||||||||||
On October 18, 2013, the Company acquired Diamond Bancorp, Inc. ("Diamond"). Diamond was the parent company of Diamond Bank, FSB ("Diamond Bank"), which operated four banking locations in Chicago, Schaumburg, Elmhurst, and Northbrook, Illinois. As part of the transaction, Diamond Bank was merged into Wintrust Bank (formerly known as North Shore Community Bank & Trust Company). The Company acquired assets with a fair value of approximately $172.5 million, including approximately $91.7 million of loans, and assumed liabilities with a fair value of approximately $169.1 million, including approximately $140.2 million of deposits. Additionally, the Company recorded goodwill of $8.4 million on the acquisition. | ||||||||||||||||
On May 1, 2013, the Company acquired First Lansing Bancorp, Inc. ("FLB"). FLB was the parent company of First National Bank of Illinois ("FNBI"), which operated seven banking locations in the south and southwest suburbs of Chicago, as well as one location in northwest Indiana. As part of this transaction, FNBI was merged into Old Plank Trail Community Bank, N.A. ("Old Plank Trail Bank"). The Company acquired assets with a fair value of approximately $373.4 million, including approximately $123.0 million of loans, and assumed liabilities with a fair value of approximately $334.7 million, including approximately $331.4 million of deposits. Additionally, the Company recorded goodwill of $14.0 million on the acquisition. | ||||||||||||||||
See Note 17—Subsequent Events for discussion regarding the Company's completed acquisition of a branch of THE National Bank. | ||||||||||||||||
FDIC-Assisted Transactions | ||||||||||||||||
Since 2010, the Company acquired the banking operations, including the acquisition of certain assets and the assumption of liabilities, of nine financial institutions in FDIC-assisted transactions. Loans comprise the majority of the assets acquired in nearly all of these FDIC-assisted transactions since 2010, most of which are subject to loss sharing agreements with the FDIC whereby the FDIC has agreed to reimburse the Company for 80% of losses incurred on the purchased loans, other real estate owned (“OREO”), and certain other assets. Additionally, the loss share agreements with the FDIC require the Company to reimburse the FDIC in the event that actual losses on covered assets are lower than the original loss estimates agreed upon with the FDIC with respect of such assets in the loss share agreements. The Company refers to the loans subject to these loss-sharing agreements as “covered loans” and uses the term “covered assets” to refer to covered loans, covered OREO and certain other covered assets. The agreements with the FDIC require that the Company follow certain servicing procedures or risk losing the FDIC reimbursement of covered asset losses. | ||||||||||||||||
The loans covered by the loss sharing agreements are classified and presented as covered loans and the estimated reimbursable losses are recorded as an FDIC indemnification asset in the Consolidated Statements of Condition. The Company recorded the acquired assets and liabilities at their estimated fair values at the acquisition date. The fair value for loans reflected expected credit losses at the acquisition date. Therefore, the Company will only recognize a provision for credit losses and charge-offs on the acquired loans for any further credit deterioration subsequent to the acquisition date. See Note 7 — Allowance for Loan Losses, Allowance for Losses on Lending-Related Commitments and Impaired Loans for further discussion of the allowance on covered loans. | ||||||||||||||||
The loss share agreements with the FDIC cover realized losses on loans, foreclosed real estate and certain other assets. These loss share assets are measured separately from the loan portfolios because they are not contractually embedded in the loans and are not transferable with the loans should the Company choose to dispose of them. Fair values at the acquisition dates were estimated based on projected cash flows available for loss-share based on the credit adjustments estimated for each loan pool and the loss share percentages. The loss share assets are also separately measured from the related loans and foreclosed real estate and recorded as FDIC indemnification assets on the Consolidated Statements of Condition. Subsequent to the acquisition date, reimbursements received from the FDIC for actual incurred losses will reduce the FDIC indemnification assets. Reductions to expected losses, to the extent such reductions to expected losses are the result of an improvement to the actual or expected cash flows from the covered assets, will also reduce the FDIC indemnification assets. Although these assets are contractual receivables from the FDIC, there are no contractual interest rates. Additions to expected losses will require an increase to the allowance for loan losses and a corresponding increase to the FDIC indemnification assets. The corresponding accretion is recorded as a component of non-interest income on the Consolidated Statements of Income. | ||||||||||||||||
The following table summarizes the activity in the Company’s FDIC indemnification asset during the periods indicated: | ||||||||||||||||
Three Months Ended | Six Months Ended | |||||||||||||||
(Dollars in thousands) | June 30, | June 30, | June 30, | June 30, | ||||||||||||
2014 | 2013 | 2014 | 2013 | |||||||||||||
Balance at beginning of period | $ | 60,298 | $ | 170,696 | $ | 85,672 | $ | 208,160 | ||||||||
Additions from acquisitions | — | — | — | — | ||||||||||||
Additions from reimbursable expenses | 2,067 | 2,827 | 3,349 | 7,860 | ||||||||||||
Amortization | (1,456 | ) | (1,653 | ) | (3,059 | ) | (4,121 | ) | ||||||||
Changes in expected reimbursements from the FDIC for changes in expected credit losses | (13,645 | ) | (26,638 | ) | (29,029 | ) | (52,735 | ) | ||||||||
Payments received from the FDIC | (1,149 | ) | (7,551 | ) | (10,818 | ) | (21,483 | ) | ||||||||
Balance at end of period | $ | 46,115 | $ | 137,681 | $ | 46,115 | $ | 137,681 | ||||||||
Divestiture of Previous FDIC-Assisted Acquisition | ||||||||||||||||
On February 1, 2013, the Company completed the divestiture of the deposits and current banking operations of Second Federal Savings and Loan Association of Chicago ("Second Federal") to an unaffiliated financial institution. Through this transaction, the Company divested approximately $149 million of related deposits. | ||||||||||||||||
Specialty Finance Acquisition | ||||||||||||||||
On April 28, 2014, the Company, through its wholly-owned subsidiary, First Insurance Funding of Canada, Inc., completed its acquisition of Policy Billing Services Inc. and Equity Premium Finance Inc., two affiliated Canadian insurance premium funding and payment services companies. Through this transaction, the Company acquired approximately $7.4 million of premium finance receivables. The Company recorded goodwill of approximately $6.4 million at the time of the acquisition. | ||||||||||||||||
Mortgage Banking Acquisitions | ||||||||||||||||
On October 1, 2013, the Company, through its wholly-owned subsidiary, Barrington Bank and Trust Company, N.A. ("Barrington Bank"), acquired certain assets and assumed certain liabilities of the mortgage banking business of Surety Financial Services ("Surety") of Sherman Oaks, California. Surety had five offices located in southern California which originated approximately $1.0 billion in the twelve months prior to the acquisition date. The Company recorded goodwill of $9.5 million on the acquisition. | ||||||||||||||||
Purchased loans with evidence of credit quality deterioration since origination | ||||||||||||||||
Purchased loans acquired in a business combination are recorded at estimated fair value on their purchase date. Expected future cash flows at the purchase date in excess of the fair value of loans are recorded as interest income over the life of the loans if the timing and amount of the future cash flows is reasonably estimable (“accretable yield”). The difference between contractually required payments and the cash flows expected to be collected at acquisition is referred to as the non-accretable difference and represents probable losses in the portfolio. | ||||||||||||||||
In determining the acquisition date fair value of purchased impaired loans, and in subsequent accounting, the Company aggregates these purchased loans into pools of loans by common risk characteristics, such as credit risk rating and loan type. Subsequent to the purchase date, increases in cash flows over those expected at the purchase date are recognized as interest income prospectively. Subsequent decreases to the expected cash flows will generally result in a provision for loan losses. | ||||||||||||||||
The Company purchased a portfolio of life insurance premium finance receivables in 2009. These purchased life insurance premium finance receivables are valued on an individual basis with the accretable component being recognized into interest income using the effective yield method over the estimated remaining life of the loans. The non-accretable portion is evaluated each quarter and if the loans’ credit related conditions improve, a portion is transferred to the accretable component and accreted over future periods. In the event a specific loan prepays in whole, any remaining accretable and non-accretable discount is recognized in income immediately. If credit related conditions deteriorate, an allowance related to these loans will be established as part of the provision for credit losses. | ||||||||||||||||
See Note 6—Loans, for more information on loans acquired with evidence of credit quality deterioration since origination. |
Cash_and_Cash_Equivalents
Cash and Cash Equivalents | 6 Months Ended |
Jun. 30, 2014 | |
Cash and Cash Equivalents [Abstract] | ' |
Cash and Cash Equivalents | ' |
Cash and Cash Equivalents | |
For purposes of the Consolidated Statements of Cash Flows, the Company considers cash and cash equivalents to include cash on hand, cash items in the process of collection, non-interest bearing amounts due from correspondent banks, federal funds sold and securities purchased under resale agreements with original maturities of three months or less. |
AvailableForSale_Securities
Available-For-Sale Securities | 6 Months Ended | |||||||||||||||||||||||
Jun. 30, 2014 | ||||||||||||||||||||||||
Available-for-sale Securities [Abstract] | ' | |||||||||||||||||||||||
Investments in Debt and Marketable Equity Securities | ' | |||||||||||||||||||||||
Available-For-Sale Securities | ||||||||||||||||||||||||
The following tables are a summary of the available-for-sale securities portfolio as of the dates shown: | ||||||||||||||||||||||||
30-Jun-14 | ||||||||||||||||||||||||
(Dollars in thousands) | Amortized | Gross | Gross | Fair | ||||||||||||||||||||
Cost | Unrealized | Unrealized | Value | |||||||||||||||||||||
Gains | Losses | |||||||||||||||||||||||
U.S. Treasury | $ | 399,031 | $ | 354 | $ | (10,970 | ) | $ | 388,415 | |||||||||||||||
U.S. Government agencies | 798,889 | 4,458 | (37,347 | ) | 766,000 | |||||||||||||||||||
Municipal | 173,664 | 4,385 | (1,942 | ) | 176,107 | |||||||||||||||||||
Corporate notes: | ||||||||||||||||||||||||
Financial issuers | 129,211 | 2,402 | (1,387 | ) | 130,226 | |||||||||||||||||||
Other | 4,980 | 97 | — | 5,077 | ||||||||||||||||||||
Mortgage-backed: (1) | ||||||||||||||||||||||||
Mortgage-backed securities | 255,082 | 5,190 | (9,097 | ) | 251,175 | |||||||||||||||||||
Collateralized mortgage obligations | 52,672 | 389 | (673 | ) | 52,388 | |||||||||||||||||||
Equity securities | 50,594 | 4,634 | (376 | ) | 54,852 | |||||||||||||||||||
Total available-for-sale securities | $ | 1,864,123 | $ | 21,909 | $ | (61,792 | ) | $ | 1,824,240 | |||||||||||||||
31-Dec-13 | ||||||||||||||||||||||||
Amortized | Gross | Gross | Fair | |||||||||||||||||||||
Cost | Unrealized | Unrealized | Value | |||||||||||||||||||||
(Dollars in thousands) | Gains | Losses | ||||||||||||||||||||||
U.S. Treasury | $ | 354,262 | $ | 141 | $ | (18,308 | ) | $ | 336,095 | |||||||||||||||
U.S. Government agencies | 950,086 | 1,680 | (56,078 | ) | 895,688 | |||||||||||||||||||
Municipal | 154,463 | 2,551 | (4,298 | ) | 152,716 | |||||||||||||||||||
Corporate notes: | ||||||||||||||||||||||||
Financial issuers | 129,362 | 1,993 | (2,411 | ) | 128,944 | |||||||||||||||||||
Other | 5,994 | 105 | (5 | ) | 6,094 | |||||||||||||||||||
Mortgage-backed: (1) | ||||||||||||||||||||||||
Mortgage-backed securities | 562,708 | 3,537 | (18,047 | ) | 548,198 | |||||||||||||||||||
Collateralized mortgage obligations | 57,711 | 258 | (942 | ) | 57,027 | |||||||||||||||||||
Equity securities | 50,532 | 1,493 | (497 | ) | 51,528 | |||||||||||||||||||
Total available-for-sale securities | $ | 2,265,118 | $ | 11,758 | $ | (100,586 | ) | $ | 2,176,290 | |||||||||||||||
30-Jun-13 | ||||||||||||||||||||||||
Amortized | Gross | Gross | Fair | |||||||||||||||||||||
Cost | Unrealized | Unrealized | Value | |||||||||||||||||||||
(Dollars in thousands) | Gains | Losses | ||||||||||||||||||||||
U.S. Treasury | $ | 225,200 | $ | 134 | $ | (14,359 | ) | $ | 210,975 | |||||||||||||||
U.S. Government agencies | 996,137 | 1,976 | (39,655 | ) | 958,458 | |||||||||||||||||||
Municipal | 152,208 | 1,281 | (3,362 | ) | 150,127 | |||||||||||||||||||
Corporate notes: | ||||||||||||||||||||||||
Financial issuers | 133,453 | 2,290 | (2,783 | ) | 132,960 | |||||||||||||||||||
Other | 8,838 | 135 | — | 8,973 | ||||||||||||||||||||
Mortgage-backed: (1) | ||||||||||||||||||||||||
Mortgage-backed securities | 279,925 | 3,971 | (14,866 | ) | 269,030 | |||||||||||||||||||
Collateralized mortgage obligations | 63,833 | 434 | (530 | ) | 63,737 | |||||||||||||||||||
Equity securities | 52,437 | 746 | (3,619 | ) | 49,564 | |||||||||||||||||||
Total available-for-sale securities | $ | 1,912,031 | $ | 10,967 | $ | (79,174 | ) | $ | 1,843,824 | |||||||||||||||
-1 | Consisting entirely of residential mortgage-backed securities, none of which are subprime. | |||||||||||||||||||||||
The following table presents the portion of the Company’s available-for-sale securities portfolio which has gross unrealized losses, reflecting the length of time that individual securities have been in a continuous unrealized loss position at June 30, 2014: | ||||||||||||||||||||||||
Continuous unrealized | Continuous unrealized | Total | ||||||||||||||||||||||
losses existing for | losses existing for | |||||||||||||||||||||||
less than 12 months | greater than 12 months | |||||||||||||||||||||||
(Dollars in thousands) | Fair Value | Unrealized Losses | Fair Value | Unrealized Losses | Fair Value | Unrealized Losses | ||||||||||||||||||
U.S. Treasury | $ | — | $ | — | $ | 189,188 | $ | (10,970 | ) | $ | 189,188 | $ | (10,970 | ) | ||||||||||
U.S. Government agencies | 26,310 | (460 | ) | 445,927 | (36,887 | ) | 472,237 | (37,347 | ) | |||||||||||||||
Municipal | 5,866 | (36 | ) | 55,190 | (1,906 | ) | 61,056 | (1,942 | ) | |||||||||||||||
Corporate notes: | ||||||||||||||||||||||||
Financial issuers | 1,326 | (3 | ) | 57,808 | (1,384 | ) | 59,134 | (1,387 | ) | |||||||||||||||
Other | — | — | — | — | — | — | ||||||||||||||||||
Mortgage-backed: | ||||||||||||||||||||||||
Mortgage-backed securities | 6 | — | 143,712 | (9,097 | ) | 143,718 | (9,097 | ) | ||||||||||||||||
Collateralized mortgage obligations | 7,043 | (130 | ) | 14,261 | (543 | ) | 21,304 | (673 | ) | |||||||||||||||
Equity securities | — | — | 13,425 | (376 | ) | 13,425 | (376 | ) | ||||||||||||||||
Total | $ | 40,551 | $ | (629 | ) | $ | 919,511 | $ | (61,163 | ) | $ | 960,062 | $ | (61,792 | ) | |||||||||
The Company conducts a regular assessment of its investment securities to determine whether securities are other-than-temporarily impaired considering, among other factors, the nature of the securities, credit ratings or financial condition of the issuer, the extent and duration of the unrealized loss, expected cash flows, market conditions and the Company’s ability to hold the securities through the anticipated recovery period. | ||||||||||||||||||||||||
The Company does not consider securities with unrealized losses at June 30, 2014 to be other-than-temporarily impaired. The Company does not intend to sell these investments and it is more likely than not that the Company will not be required to sell these investments before recovery of the amortized cost bases, which may be the maturity dates of the securities. The unrealized losses within each category have occurred as a result of changes in interest rates, market spreads and market conditions subsequent to purchase. Securities with continuous unrealized losses existing for more than twelve months were primarily agency bonds, treasury notes and mortgage-backed securities. Unrealized losses recognized on agency bonds, treasury notes and mortgage backed securities are the result of increases in yields for similar types of securities which have a longer duration and maturity. | ||||||||||||||||||||||||
The following table provides information as to the amount of gross gains and gross losses realized and proceeds received through the sales of available-for-sale investment securities: | ||||||||||||||||||||||||
Three months ended | Six months ended | |||||||||||||||||||||||
(Dollars in thousands) | June 30, | June 30, | June 30, | June 30, | ||||||||||||||||||||
2014 | 2013 | 2014 | 2013 | |||||||||||||||||||||
Realized gains | $ | 99 | $ | 3 | $ | 154 | $ | 316 | ||||||||||||||||
Realized losses | (435 | ) | (1 | ) | (523 | ) | (63 | ) | ||||||||||||||||
Net realized (losses) gains | $ | (336 | ) | $ | 2 | $ | (369 | ) | $ | 253 | ||||||||||||||
Other than temporary impairment charges | — | — | — | — | ||||||||||||||||||||
(Losses) gains on available-for-sale securities, net | $ | (336 | ) | $ | 2 | $ | (369 | ) | $ | 253 | ||||||||||||||
Proceeds from sales of available-for-sale securities | $ | 169,753 | $ | 43,403 | $ | 196,042 | $ | 84,459 | ||||||||||||||||
The amortized cost and fair value of securities as of June 30, 2014, December 31, 2013 and June 30, 2013, by contractual maturity, are shown in the following table. Contractual maturities may differ from actual maturities as borrowers may have the right to call or repay obligations with or without call or prepayment penalties. Mortgage-backed securities are not included in the maturity categories in the following maturity summary as actual maturities may differ from contractual maturities because the underlying mortgages may be called or prepaid without penalties: | ||||||||||||||||||||||||
30-Jun-14 | 31-Dec-13 | 30-Jun-13 | ||||||||||||||||||||||
(Dollars in thousands) | Amortized Cost | Fair Value | Amortized Cost | Fair Value | Amortized Cost | Fair Value | ||||||||||||||||||
Due in one year or less | $ | 173,991 | $ | 174,220 | $ | 268,847 | $ | 269,168 | $ | 284,334 | $ | 284,734 | ||||||||||||
Due in one to five years | 361,300 | 362,423 | 358,108 | 358,357 | 320,175 | 320,189 | ||||||||||||||||||
Due in five to ten years | 319,641 | 310,196 | 350,372 | 330,020 | 382,837 | 366,341 | ||||||||||||||||||
Due after ten years | 650,843 | 618,986 | 616,840 | 561,992 | 528,490 | 490,229 | ||||||||||||||||||
Mortgage-backed | 307,754 | 303,563 | 620,419 | 605,225 | 343,758 | 332,767 | ||||||||||||||||||
Equity securities | 50,594 | 54,852 | 50,532 | 51,528 | 52,437 | 49,564 | ||||||||||||||||||
Total available-for-sale securities | $ | 1,864,123 | $ | 1,824,240 | $ | 2,265,118 | $ | 2,176,290 | $ | 1,912,031 | $ | 1,843,824 | ||||||||||||
Securities having a carrying value of $1.1 billion at June 30, 2014, $1.2 billion at December 31, 2013 and $1.1 billion at June 30, 2013, were pledged as collateral for public deposits, trust deposits, FHLB advances, securities sold under repurchase agreements and derivatives. At June 30, 2014, there were no securities of a single issuer, other than U.S. Government-sponsored agency securities, which exceeded 10% of shareholders’ equity. |
Loans
Loans | 6 Months Ended | |||||||||||||||
Jun. 30, 2014 | ||||||||||||||||
Loans and Leases Receivable Disclosure [Abstract] | ' | |||||||||||||||
Loans | ' | |||||||||||||||
Loans | ||||||||||||||||
The following table shows the Company’s loan portfolio by category as of the dates shown: | ||||||||||||||||
June 30, | December 31, | June 30, | ||||||||||||||
(Dollars in thousands) | 2014 | 2013 | 2013 | |||||||||||||
Balance: | ||||||||||||||||
Commercial | $ | 3,640,430 | $ | 3,253,687 | $ | 3,119,931 | ||||||||||
Commercial real-estate | 4,353,472 | 4,230,035 | 4,094,628 | |||||||||||||
Home equity | 713,642 | 719,137 | 758,260 | |||||||||||||
Residential real-estate | 451,905 | 434,992 | 384,961 | |||||||||||||
Premium finance receivables—commercial | 2,378,529 | 2,167,565 | 2,165,734 | |||||||||||||
Premium finance receivables—life insurance | 2,051,645 | 1,923,698 | 1,821,147 | |||||||||||||
Consumer and other | 160,373 | 167,488 | 172,231 | |||||||||||||
Total loans, net of unearned income, excluding covered loans | $ | 13,749,996 | $ | 12,896,602 | $ | 12,516,892 | ||||||||||
Covered loans | 275,154 | 346,431 | 454,602 | |||||||||||||
Total loans | $ | 14,025,150 | $ | 13,243,033 | $ | 12,971,494 | ||||||||||
Mix: | ||||||||||||||||
Commercial | 26 | % | 25 | % | 24 | % | ||||||||||
Commercial real-estate | 31 | 32 | 31 | |||||||||||||
Home equity | 5 | 5 | 6 | |||||||||||||
Residential real-estate | 3 | 3 | 3 | |||||||||||||
Premium finance receivables—commercial | 17 | 16 | 16 | |||||||||||||
Premium finance receivables—life insurance | 15 | 15 | 14 | |||||||||||||
Consumer and other | 1 | 1 | 2 | |||||||||||||
Total loans, net of unearned income, excluding covered loans | 98 | % | 97 | % | 96 | % | ||||||||||
Covered loans | 2 | 3 | 4 | |||||||||||||
Total loans | 100 | % | 100 | % | 100 | % | ||||||||||
The Company’s loan portfolio is generally comprised of loans to consumers and small to medium-sized businesses located within the geographic market areas that the banks serve. The premium finance receivables portfolios are made to customers throughout the United States and Canada. The Company strives to maintain a loan portfolio that is diverse in terms of loan type, industry, borrower and geographic concentrations. Such diversification reduces the exposure to economic downturns that may occur in different segments of the economy or in different industries. | ||||||||||||||||
Certain premium finance receivables are recorded net of unearned income. The unearned income portions of such premium finance receivables were $44.8 million at June 30, 2014, $41.9 million at December 31, 2013 and $41.5 million at June 30, 2013, respectively. Certain life insurance premium finance receivables attributable to the life insurance premium finance loan acquisition in 2009 as well as purchased credit impaired ("PCI") loans acquired with evidence of credit quality deterioration since origination are recorded net of credit discounts. See “Acquired Loan Information at Acquisition” below. | ||||||||||||||||
Total loans, excluding PCI loans, include net deferred loan fees and costs and fair value purchase accounting adjustments totaling $(1.3) million at June 30, 2014, $(9.2) million at December 31, 2013 and $(3.6) million at June 30, 2013. The net credit balances at June 30, 2014, December 31, 2013 and June 30, 2013 are primarily the result of purchase accounting adjustments related to the acquisition of FNBI and Diamond during 2013. | ||||||||||||||||
It is the policy of the Company to review each prospective credit in order to determine the appropriateness and, when required, the adequacy of security or collateral necessary to obtain when making a loan. The type of collateral, when required, will vary from liquid assets to real estate. The Company seeks to ensure access to collateral, in the event of default, through adherence to state lending laws and the Company’s credit monitoring procedures. | ||||||||||||||||
Acquired Loan Information at Acquisition—PCI Loans | ||||||||||||||||
As part of our previous acquisitions, we acquired loans for which there was evidence of credit quality deterioration since origination and we determined that it was probable that the Company would be unable to collect all contractually required principal and interest payments. | ||||||||||||||||
The following table presents the unpaid principal balance and carrying value for these acquired loans: | ||||||||||||||||
30-Jun-14 | 31-Dec-13 | |||||||||||||||
Unpaid | Carrying | Unpaid | Carrying | |||||||||||||
Principal | Principal | |||||||||||||||
(Dollars in thousands) | Balance | Value | Balance | Value | ||||||||||||
Bank acquisitions | $ | 349,565 | $ | 265,522 | $ | 453,944 | $ | 338,517 | ||||||||
Life insurance premium finance loans acquisition | 419,805 | 409,760 | 437,155 | 423,906 | ||||||||||||
See Note 7—Allowance for Loan Losses, Allowance for Losses on Lending-Related Commitments and Impaired Loans for further discussion regarding the allowance for loan losses associated with PCI loans at June 30, 2014. | ||||||||||||||||
Accretable Yield Activity | ||||||||||||||||
Changes in expected cash flows may vary from period to period as the Company periodically updates its cash flow model assumptions for loans acquired with evidence of credit quality deterioration since origination. The factors that most significantly affect the estimates of gross cash flows expected to be collected, and accordingly the accretable yield, include changes in the benchmark interest rate indices for variable-rate products and changes in prepayment assumptions and loss estimates. The following table provides activity for the accretable yield of loans acquired with evidence of credit quality deterioration since origination: | ||||||||||||||||
Three Months Ended | Three Months Ended | |||||||||||||||
30-Jun-14 | 30-Jun-13 | |||||||||||||||
(Dollars in thousands) | Bank Acquisitions | Life Insurance | Bank | Life Insurance | ||||||||||||
Premium Finance Loans | Acquisitions | Premium | ||||||||||||||
Finance Loans | ||||||||||||||||
Accretable yield, beginning balance | $ | 97,674 | $ | 6,561 | $ | 121,725 | $ | 11,218 | ||||||||
Acquisitions | — | — | 2,055 | — | ||||||||||||
Accretable yield amortized to interest income | (9,617 | ) | (1,433 | ) | (9,347 | ) | (2,254 | ) | ||||||||
Accretable yield amortized to indemnification asset (1) | (11,161 | ) | — | (11,906 | ) | — | ||||||||||
Reclassification from non-accretable difference (2) | 17,928 | — | 30,792 | 1,007 | ||||||||||||
(Decreases) increases in interest cash flows due to payments and changes in interest rates | (2,722 | ) | 51 | (2,463 | ) | 316 | ||||||||||
Accretable yield, ending balance (3) | $ | 92,102 | $ | 5,179 | $ | 130,856 | $ | 10,287 | ||||||||
Six Months Ended | Six Months Ended | |||||||||||||||
30-Jun-14 | 30-Jun-13 | |||||||||||||||
(Dollars in thousands) | Bank Acquisitions | Life Insurance | Bank | Life Insurance | ||||||||||||
Premium Finance Loans | Acquisitions | Premium | ||||||||||||||
Finance Loans | ||||||||||||||||
Accretable yield, beginning balance | $ | 107,655 | $ | 8,254 | $ | 143,224 | $ | 13,055 | ||||||||
Acquisitions | — | — | 1,977 | — | ||||||||||||
Accretable yield amortized to interest income | (17,387 | ) | (3,204 | ) | (18,924 | ) | (4,273 | ) | ||||||||
Accretable yield amortized to indemnification asset (1) | (16,809 | ) | — | (20,612 | ) | — | ||||||||||
Reclassification from non-accretable difference (2) | 26,508 | — | 36,204 | 1,007 | ||||||||||||
(Decreases) increases in interest cash flows due to payments and changes in interest rates | (7,865 | ) | 129 | (11,013 | ) | 498 | ||||||||||
Accretable yield, ending balance (3) | $ | 92,102 | $ | 5,179 | $ | 130,856 | $ | 10,287 | ||||||||
-1 | Represents the portion of the current period accreted yield, resulting from lower expected losses, applied to reduce the loss share indemnification asset. | |||||||||||||||
-2 | Reclassification is the result of subsequent increases in expected principal cash flows. | |||||||||||||||
-3 | As of June 30, 2014, the Company estimates that the remaining accretable yield balance to be amortized to the indemnification asset for the bank acquisitions is $30.0 million. The remainder of the accretable yield related to bank acquisitions is expected to be amortized to interest income. | |||||||||||||||
Accretion to interest income from loans acquired in bank acquisitions totaled $9.6 million and $9.3 million in the second quarter of 2014 and 2013, respectively. On a year-to-date basis, accretion to interest income from loans acquired in bank acquisitions totaled $17.4 million for the first six months ended 2014 compared to $18.9 million in the same period of the prior year. These amounts include accretion from both covered and non-covered loans, and are included together within interest and fees on loans in the Consolidated Statements of Income. |
Allowance_for_Loan_Losses_Allo
Allowance for Loan Losses, Allowance for Losses on Lending-Related Commitments and Impaired Loans | 6 Months Ended | |||||||||||||||||||||||||||||||||||
Jun. 30, 2014 | ||||||||||||||||||||||||||||||||||||
Loans and Leases Receivable, Allowance [Abstract] | ' | |||||||||||||||||||||||||||||||||||
Allowance for Loan Losses, Allowance for Losses on Lending-Related Commitments and Impaired Loans | ' | |||||||||||||||||||||||||||||||||||
Allowance for Loan Losses, Allowance for Losses on Lending-Related Commitments and Impaired Loans | ||||||||||||||||||||||||||||||||||||
The tables below show the aging of the Company’s loan portfolio at June 30, 2014, December 31, 2013 and June 30, 2013: | ||||||||||||||||||||||||||||||||||||
As of June 30, 2014 | 90+ days and still accruing | 60-89 days past due | 30-59 days past due | |||||||||||||||||||||||||||||||||
(Dollars in thousands) | Nonaccrual | Current | Total Loans | |||||||||||||||||||||||||||||||||
Loan Balances: | ||||||||||||||||||||||||||||||||||||
Commercial | ||||||||||||||||||||||||||||||||||||
Commercial and industrial | $ | 6,216 | $ | — | $ | 4,165 | $ | 21,610 | $ | 1,980,489 | $ | 2,012,480 | ||||||||||||||||||||||||
Franchise | — | — | — | 549 | 222,907 | 223,456 | ||||||||||||||||||||||||||||||
Mortgage warehouse lines of credit | — | — | — | 1,680 | 146,531 | 148,211 | ||||||||||||||||||||||||||||||
Community Advantage—homeowners association | — | — | — | — | 94,009 | 94,009 | ||||||||||||||||||||||||||||||
Aircraft | — | — | — | — | 7,847 | 7,847 | ||||||||||||||||||||||||||||||
Asset-based lending | 295 | — | — | 6,047 | 772,002 | 778,344 | ||||||||||||||||||||||||||||||
Tax exempt | — | — | — | — | 208,913 | 208,913 | ||||||||||||||||||||||||||||||
Leases | — | — | — | 36 | 144,399 | 144,435 | ||||||||||||||||||||||||||||||
Other | — | — | — | — | 9,792 | 9,792 | ||||||||||||||||||||||||||||||
PCI - commercial (1) | — | 1,452 | — | 224 | 11,267 | 12,943 | ||||||||||||||||||||||||||||||
Total commercial | 6,511 | 1,452 | 4,165 | 30,146 | 3,598,156 | 3,640,430 | ||||||||||||||||||||||||||||||
Commercial real-estate: | ||||||||||||||||||||||||||||||||||||
Residential construction | — | — | — | 18 | 29,941 | 29,959 | ||||||||||||||||||||||||||||||
Commercial construction | 839 | — | — | — | 154,220 | 155,059 | ||||||||||||||||||||||||||||||
Land | 2,367 | — | 614 | 4,502 | 98,444 | 105,927 | ||||||||||||||||||||||||||||||
Office | 10,950 | — | 999 | 3,911 | 652,057 | 667,917 | ||||||||||||||||||||||||||||||
Industrial | 5,097 | — | 899 | 690 | 610,954 | 617,640 | ||||||||||||||||||||||||||||||
Retail | 6,909 | — | 1,334 | 2,560 | 686,292 | 697,095 | ||||||||||||||||||||||||||||||
Multi-family | 689 | — | 244 | 4,717 | 630,519 | 636,169 | ||||||||||||||||||||||||||||||
Mixed use and other | 9,470 | 309 | 5,384 | 12,300 | 1,350,976 | 1,378,439 | ||||||||||||||||||||||||||||||
PCI - commercial real-estate (1) | — | 15,682 | 155 | 1,595 | 47,835 | 65,267 | ||||||||||||||||||||||||||||||
Total commercial real-estate | 36,321 | 15,991 | 9,629 | 30,293 | 4,261,238 | 4,353,472 | ||||||||||||||||||||||||||||||
Home equity | 5,804 | — | 1,392 | 3,324 | 703,122 | 713,642 | ||||||||||||||||||||||||||||||
Residential real estate | 15,294 | — | 1,487 | 1,978 | 430,364 | 449,123 | ||||||||||||||||||||||||||||||
PCI - residential real estate (1) | — | 988 | 111 | — | 1,683 | 2,782 | ||||||||||||||||||||||||||||||
Premium finance receivables | ||||||||||||||||||||||||||||||||||||
Commercial insurance loans | 12,298 | 10,275 | 12,335 | 14,672 | 2,328,949 | 2,378,529 | ||||||||||||||||||||||||||||||
Life insurance loans | — | 649 | 896 | 4,783 | 1,635,557 | 1,641,885 | ||||||||||||||||||||||||||||||
PCI - life insurance loans (1) | — | — | — | — | 409,760 | 409,760 | ||||||||||||||||||||||||||||||
Consumer and other | 1,116 | 73 | 558 | 600 | 157,828 | 160,175 | ||||||||||||||||||||||||||||||
PCI - consumer and other (1) | — | — | 4 | — | 194 | 198 | ||||||||||||||||||||||||||||||
Total loans, net of unearned income, excluding covered loans | $ | 77,344 | $ | 29,428 | $ | 30,577 | $ | 85,796 | $ | 13,526,851 | $ | 13,749,996 | ||||||||||||||||||||||||
Covered loans | 6,690 | 34,486 | 4,003 | 1,482 | 228,493 | 275,154 | ||||||||||||||||||||||||||||||
Total loans, net of unearned income | $ | 84,034 | $ | 63,914 | $ | 34,580 | $ | 87,278 | $ | 13,755,344 | $ | 14,025,150 | ||||||||||||||||||||||||
-1 | PCI loans represent loans acquired with evidence of credit quality deterioration since origination, in accordance with ASC 310-30. Loan agings are based upon contractually required payments. | |||||||||||||||||||||||||||||||||||
As of December 31, 2013 | 90+ days and still accruing | 60-89 days past due | 30-59 days past due | |||||||||||||||||||||||||||||||||
(Dollars in thousands) | Nonaccrual | Current | Total Loans | |||||||||||||||||||||||||||||||||
Loan Balances: | ||||||||||||||||||||||||||||||||||||
Commercial | ||||||||||||||||||||||||||||||||||||
Commercial and industrial | $ | 10,143 | $ | — | $ | 4,938 | $ | 7,404 | $ | 1,813,721 | $ | 1,836,206 | ||||||||||||||||||||||||
Franchise | — | — | 400 | — | 219,983 | 220,383 | ||||||||||||||||||||||||||||||
Mortgage warehouse lines of credit | — | — | — | — | 67,470 | 67,470 | ||||||||||||||||||||||||||||||
Community Advantage—homeowners association | — | — | — | — | 90,894 | 90,894 | ||||||||||||||||||||||||||||||
Aircraft | — | — | — | — | 10,241 | 10,241 | ||||||||||||||||||||||||||||||
Asset-based lending | 637 | — | 388 | 1,878 | 732,190 | 735,093 | ||||||||||||||||||||||||||||||
Tax exempt | — | — | — | — | 161,239 | 161,239 | ||||||||||||||||||||||||||||||
Leases | — | — | — | 788 | 109,043 | 109,831 | ||||||||||||||||||||||||||||||
Other | — | — | — | — | 11,147 | 11,147 | ||||||||||||||||||||||||||||||
PCI - commercial (1) | — | 274 | 156 | 1,685 | 9,068 | 11,183 | ||||||||||||||||||||||||||||||
Total commercial | 10,780 | 274 | 5,882 | 11,755 | 3,224,996 | 3,253,687 | ||||||||||||||||||||||||||||||
Commercial real-estate | ||||||||||||||||||||||||||||||||||||
Residential construction | 149 | — | — | — | 38,351 | 38,500 | ||||||||||||||||||||||||||||||
Commercial construction | 6,969 | — | — | 505 | 129,232 | 136,706 | ||||||||||||||||||||||||||||||
Land | 2,814 | — | 4,224 | 619 | 99,128 | 106,785 | ||||||||||||||||||||||||||||||
Office | 10,087 | — | 2,265 | 3,862 | 626,027 | 642,241 | ||||||||||||||||||||||||||||||
Industrial | 5,654 | — | 585 | 914 | 626,785 | 633,938 | ||||||||||||||||||||||||||||||
Retail | 10,862 | — | 837 | 2,435 | 642,125 | 656,259 | ||||||||||||||||||||||||||||||
Multi-family | 2,035 | — | — | 348 | 564,154 | 566,537 | ||||||||||||||||||||||||||||||
Mixed use and other | 8,088 | 230 | 3,943 | 15,949 | 1,344,244 | 1,372,454 | ||||||||||||||||||||||||||||||
PCI - commercial real-estate (1) | — | 18,582 | 3,540 | 5,238 | 49,255 | 76,615 | ||||||||||||||||||||||||||||||
Total commercial real-estate | 46,658 | 18,812 | 15,394 | 29,870 | 4,119,301 | 4,230,035 | ||||||||||||||||||||||||||||||
Home equity | 10,071 | — | 1,344 | 3,060 | 704,662 | 719,137 | ||||||||||||||||||||||||||||||
Residential real-estate | 14,974 | — | 1,689 | 5,032 | 410,430 | 432,125 | ||||||||||||||||||||||||||||||
PCI - residential real-estate (1) | — | 1,988 | — | — | 879 | 2,867 | ||||||||||||||||||||||||||||||
Premium finance receivables | ||||||||||||||||||||||||||||||||||||
Commercial insurance loans | 10,537 | 8,842 | 6,912 | 24,094 | 2,117,180 | 2,167,565 | ||||||||||||||||||||||||||||||
Life insurance loans | — | — | 2,524 | 1,808 | 1,495,460 | 1,499,792 | ||||||||||||||||||||||||||||||
PCI - life insurance loans (1) | — | — | — | — | 423,906 | 423,906 | ||||||||||||||||||||||||||||||
Consumer and other | 1,137 | 105 | 76 | 1,010 | 163,956 | 166,284 | ||||||||||||||||||||||||||||||
PCI - consumer and other (1) | — | 181 | — | — | 1,023 | 1,204 | ||||||||||||||||||||||||||||||
Total loans, net of unearned income, excluding covered loans | $ | 94,157 | $ | 30,202 | $ | 33,821 | $ | 76,629 | $ | 12,661,793 | $ | 12,896,602 | ||||||||||||||||||||||||
Covered loans | 9,425 | 56,282 | 5,877 | 7,937 | 266,910 | 346,431 | ||||||||||||||||||||||||||||||
Total loans, net of unearned income | $ | 103,582 | $ | 86,484 | $ | 39,698 | $ | 84,566 | $ | 12,928,703 | $ | 13,243,033 | ||||||||||||||||||||||||
-1 | PCI loans represent loans acquired with evidence of credit quality deterioration since origination, in accordance with ASC 310-30. Loan agings are based upon contractually required payments. | |||||||||||||||||||||||||||||||||||
As of June 30, 2013 | 90+ days and still accruing | 60-89 days past due | 30-59 days past due | |||||||||||||||||||||||||||||||||
(Dollars in thousands) | Nonaccrual | Current | Total Loans | |||||||||||||||||||||||||||||||||
Loan Balances: | ||||||||||||||||||||||||||||||||||||
Commercial | ||||||||||||||||||||||||||||||||||||
Commercial and industrial | $ | 15,432 | $ | — | $ | 2,940 | $ | 12,111 | $ | 1,665,753 | $ | 1,696,236 | ||||||||||||||||||||||||
Franchise | — | — | — | 450 | 201,790 | 202,240 | ||||||||||||||||||||||||||||||
Mortgage warehouse lines of credit | — | — | — | — | 174,422 | 174,422 | ||||||||||||||||||||||||||||||
Community Advantage—homeowners association | — | — | — | — | 83,003 | 83,003 | ||||||||||||||||||||||||||||||
Aircraft | — | — | — | — | 13,174 | 13,174 | ||||||||||||||||||||||||||||||
Asset-based lending | 1,816 | 100 | 2,305 | 4,949 | 676,531 | 685,701 | ||||||||||||||||||||||||||||||
Tax exempt | — | — | — | — | 151,492 | 151,492 | ||||||||||||||||||||||||||||||
Leases | — | — | — | — | 102,409 | 102,409 | ||||||||||||||||||||||||||||||
Other | — | — | — | — | 98 | 98 | ||||||||||||||||||||||||||||||
PCI - commercial (1) | — | 190 | — | 1,632 | 9,334 | 11,156 | ||||||||||||||||||||||||||||||
Total commercial | 17,248 | 290 | 5,245 | 19,142 | 3,078,006 | 3,119,931 | ||||||||||||||||||||||||||||||
Commercial real-estate: | ||||||||||||||||||||||||||||||||||||
Residential construction | 2,659 | 3,263 | 379 | — | 32,998 | 39,299 | ||||||||||||||||||||||||||||||
Commercial construction | 7,857 | — | 1,271 | 70 | 128,845 | 138,043 | ||||||||||||||||||||||||||||||
Land | 5,742 | — | 330 | 4,141 | 106,640 | 116,853 | ||||||||||||||||||||||||||||||
Office | 6,324 | — | 4,210 | 2,720 | 584,503 | 597,757 | ||||||||||||||||||||||||||||||
Industrial | 5,773 | — | 4,597 | 4,984 | 600,147 | 615,501 | ||||||||||||||||||||||||||||||
Retail | 7,471 | — | 1,760 | 2,031 | 596,129 | 607,391 | ||||||||||||||||||||||||||||||
Multi-family | 3,337 | — | 401 | 3,149 | 526,681 | 533,568 | ||||||||||||||||||||||||||||||
Mixed use and other | 15,662 | — | 2,183 | 10,379 | 1,350,581 | 1,378,805 | ||||||||||||||||||||||||||||||
PCI - commercial real-estate (1) | — | 6,466 | 3,430 | 6,226 | 51,289 | 67,411 | ||||||||||||||||||||||||||||||
Total commercial real-estate | 54,825 | 9,729 | 18,561 | 33,700 | 3,977,813 | 4,094,628 | ||||||||||||||||||||||||||||||
Home equity | 12,322 | 25 | 2,085 | 5,821 | 738,007 | 758,260 | ||||||||||||||||||||||||||||||
Residential real estate | 10,213 | — | 1,896 | 1,836 | 368,696 | 382,641 | ||||||||||||||||||||||||||||||
PCI - residential real estate (1) | — | — | 46 | 260 | 2,014 | 2,320 | ||||||||||||||||||||||||||||||
Premium finance receivables | ||||||||||||||||||||||||||||||||||||
Commercial insurance loans | 13,605 | 6,671 | 6,592 | 11,386 | 2,127,480 | 2,165,734 | ||||||||||||||||||||||||||||||
Life insurance loans | 16 | 1,212 | 7,896 | — | 1,337,573 | 1,346,697 | ||||||||||||||||||||||||||||||
PCI - life insurance loans (1) | — | — | — | — | 474,450 | 474,450 | ||||||||||||||||||||||||||||||
Consumer and other | 1,768 | 217 | 512 | 584 | 168,812 | 171,893 | ||||||||||||||||||||||||||||||
PCI - consumer and other (1) | — | 28 | — | — | 310 | 338 | ||||||||||||||||||||||||||||||
Total loans, net of unearned income, excluding covered loans | $ | 109,997 | $ | 18,172 | $ | 42,833 | $ | 72,729 | $ | 12,273,161 | $ | 12,516,892 | ||||||||||||||||||||||||
Covered loans | 3,982 | 97,000 | 10,568 | 4,852 | 338,200 | 454,602 | ||||||||||||||||||||||||||||||
Total loans, net of unearned income | $ | 113,979 | $ | 115,172 | $ | 53,401 | $ | 77,581 | $ | 12,611,361 | $ | 12,971,494 | ||||||||||||||||||||||||
-1 | PCI loans represent loans acquired with evidence of credit quality deterioration since origination, in accordance with ASC 310-30. Loan agings are based upon contractually required payments. | |||||||||||||||||||||||||||||||||||
Our ability to manage credit risk depends in large part on our ability to properly identify and manage problem loans. To do so, we operate a credit risk rating system under which our credit management personnel assign a credit risk rating (1 to 10 rating) to each loan at the time of origination and review loans on a regular basis. | ||||||||||||||||||||||||||||||||||||
Each loan officer is responsible for monitoring his or her loan portfolio, recommending a credit risk rating for each loan in his or her portfolio and ensuring the credit risk ratings are appropriate. These credit risk ratings are then ratified by the bank’s chief credit officer and/or concurrence credit officer. Credit risk ratings are determined by evaluating a number of factors including: a borrower’s financial strength, cash flow coverage, collateral protection and guarantees. | ||||||||||||||||||||||||||||||||||||
The Company’s Problem Loan Reporting system automatically includes all loans with credit risk ratings of 6 through 9. This system is designed to provide an on-going detailed tracking mechanism for each problem loan. Once management determines that a loan has deteriorated to a point where it has a credit risk rating of 6 or worse, the Company’s Managed Asset Division performs an overall credit and collateral review. As part of this review, all underlying collateral is identified and the valuation methodology is analyzed and tracked. As a result of this initial review by the Company’s Managed Asset Division, the credit risk rating is reviewed and a portion of the outstanding loan balance may be deemed uncollectible or an impairment reserve may be established. The Company’s impairment analysis utilizes an independent re-appraisal of the collateral (unless such a third-party evaluation is not possible due to the unique nature of the collateral, such as a closely-held business or thinly traded securities). In the case of commercial real-estate collateral, an independent third party appraisal is ordered by the Company’s Real Estate Services Group to determine if there has been any change in the underlying collateral value. These independent appraisals are reviewed by the Real Estate Services Group and sometimes by independent third party valuation experts and may be adjusted depending upon market conditions. | ||||||||||||||||||||||||||||||||||||
Through the credit risk rating process, loans are reviewed to determine if they are performing in accordance with the original contractual terms. If the borrower has failed to comply with the original contractual terms, further action may be required by the Company, including a downgrade in the credit risk rating, movement to non-accrual status, a charge-off or the establishment of a specific impairment reserve. If we determine that a loan amount, or portion thereof, is uncollectible, the loan’s credit risk rating is immediately downgraded to an 8 or 9 and the uncollectible amount is charged-off. Any loan that has a partial charge-off continues to be assigned a credit risk rating of an 8 or 9 for the duration of time that a balance remains outstanding. The Company undertakes a thorough and ongoing analysis to determine if additional impairment and/or charge-offs are appropriate and to begin a workout plan for the credit to minimize actual losses. | ||||||||||||||||||||||||||||||||||||
If, based on current information and events, it is probable that the Company will be unable to collect all amounts due to it according to the contractual terms of the loan agreement, a specific impairment reserve is established. In determining the appropriate charge-off for collateral-dependent loans, the Company considers the results of appraisals for the associated collateral. | ||||||||||||||||||||||||||||||||||||
Non-performing loans include all non-accrual loans (8 and 9 risk ratings) as well as loans 90 days past due and still accruing interest, excluding PCI loans. The remainder of the portfolio is considered performing under the contractual terms of the loan agreement. The following table presents the recorded investment based on performance of loans by class, excluding covered loans, per the most recent analysis at June 30, 2014, December 31, 2013 and June 30, 2013: | ||||||||||||||||||||||||||||||||||||
Performing | Non-performing | Total | ||||||||||||||||||||||||||||||||||
(Dollars in thousands) | 30-Jun-14 | 31-Dec-13 | 30-Jun-13 | 30-Jun-14 | 31-Dec-13 | 30-Jun-13 | 30-Jun-14 | 31-Dec-13 | 30-Jun-13 | |||||||||||||||||||||||||||
Loan Balances: | ||||||||||||||||||||||||||||||||||||
Commercial | ||||||||||||||||||||||||||||||||||||
Commercial and industrial | $ | 2,006,264 | $ | 1,826,063 | $ | 1,680,804 | $ | 6,216 | $ | 10,143 | $ | 15,432 | $ | 2,012,480 | $ | 1,836,206 | $ | 1,696,236 | ||||||||||||||||||
Franchise | 223,456 | 220,383 | 202,240 | — | — | — | 223,456 | 220,383 | 202,240 | |||||||||||||||||||||||||||
Mortgage warehouse lines of credit | 148,211 | 67,470 | 174,422 | — | — | — | 148,211 | 67,470 | 174,422 | |||||||||||||||||||||||||||
Community Advantage—homeowners association | 94,009 | 90,894 | 83,003 | — | — | — | 94,009 | 90,894 | 83,003 | |||||||||||||||||||||||||||
Aircraft | 7,847 | 10,241 | 13,174 | — | — | — | 7,847 | 10,241 | 13,174 | |||||||||||||||||||||||||||
Asset-based lending | 778,049 | 734,456 | 683,785 | 295 | 637 | 1,916 | 778,344 | 735,093 | 685,701 | |||||||||||||||||||||||||||
Tax exempt | 208,913 | 161,239 | 151,492 | — | — | — | 208,913 | 161,239 | 151,492 | |||||||||||||||||||||||||||
Leases | 144,435 | 109,831 | 102,409 | — | — | — | 144,435 | 109,831 | 102,409 | |||||||||||||||||||||||||||
Other | 9,792 | 11,147 | 98 | — | — | — | 9,792 | 11,147 | 98 | |||||||||||||||||||||||||||
PCI - commercial (1) | 12,943 | 11,183 | 11,156 | — | — | — | 12,943 | 11,183 | 11,156 | |||||||||||||||||||||||||||
Total commercial | 3,633,919 | 3,242,907 | 3,102,583 | 6,511 | 10,780 | 17,348 | 3,640,430 | 3,253,687 | 3,119,931 | |||||||||||||||||||||||||||
Commercial real-estate | ||||||||||||||||||||||||||||||||||||
Residential construction | 29,959 | 38,351 | 33,377 | — | 149 | 5,922 | 29,959 | 38,500 | 39,299 | |||||||||||||||||||||||||||
Commercial construction | 154,220 | 129,737 | 130,186 | 839 | 6,969 | 7,857 | 155,059 | 136,706 | 138,043 | |||||||||||||||||||||||||||
Land | 103,560 | 103,971 | 111,111 | 2,367 | 2,814 | 5,742 | 105,927 | 106,785 | 116,853 | |||||||||||||||||||||||||||
Office | 656,967 | 632,154 | 591,433 | 10,950 | 10,087 | 6,324 | 667,917 | 642,241 | 597,757 | |||||||||||||||||||||||||||
Industrial | 612,543 | 628,284 | 609,728 | 5,097 | 5,654 | 5,773 | 617,640 | 633,938 | 615,501 | |||||||||||||||||||||||||||
Retail | 690,186 | 645,397 | 599,920 | 6,909 | 10,862 | 7,471 | 697,095 | 656,259 | 607,391 | |||||||||||||||||||||||||||
Multi-family | 635,480 | 564,502 | 530,231 | 689 | 2,035 | 3,337 | 636,169 | 566,537 | 533,568 | |||||||||||||||||||||||||||
Mixed use and other | 1,368,660 | 1,364,136 | 1,363,143 | 9,779 | 8,318 | 15,662 | 1,378,439 | 1,372,454 | 1,378,805 | |||||||||||||||||||||||||||
PCI - commercial real-estate(1) | 65,267 | 76,615 | 67,411 | — | — | — | 65,267 | 76,615 | 67,411 | |||||||||||||||||||||||||||
Total commercial real-estate | 4,316,842 | 4,183,147 | 4,036,540 | 36,630 | 46,888 | 58,088 | 4,353,472 | 4,230,035 | 4,094,628 | |||||||||||||||||||||||||||
Home equity | 707,838 | 709,066 | 745,913 | 5,804 | 10,071 | 12,347 | 713,642 | 719,137 | 758,260 | |||||||||||||||||||||||||||
Residential real-estate | 433,829 | 417,151 | 372,428 | 15,294 | 14,974 | 10,213 | 449,123 | 432,125 | 382,641 | |||||||||||||||||||||||||||
PCI - residential real-estate (1) | 2,782 | 2,867 | 2,320 | — | — | — | 2,782 | 2,867 | 2,320 | |||||||||||||||||||||||||||
Premium finance receivables | ||||||||||||||||||||||||||||||||||||
Commercial insurance loans | 2,355,956 | 2,148,186 | 2,145,458 | 22,573 | 19,379 | 20,276 | 2,378,529 | 2,167,565 | 2,165,734 | |||||||||||||||||||||||||||
Life insurance loans | 1,641,236 | 1,499,792 | 1,345,469 | 649 | — | 1,228 | 1,641,885 | 1,499,792 | 1,346,697 | |||||||||||||||||||||||||||
PCI - life insurance loans (1) | 409,760 | 423,906 | 474,450 | — | — | — | 409,760 | 423,906 | 474,450 | |||||||||||||||||||||||||||
Consumer and other | 158,986 | 165,042 | 169,908 | 1,189 | 1,242 | 1,985 | 160,175 | 166,284 | 171,893 | |||||||||||||||||||||||||||
PCI - consumer and other(1) | 198 | 1,204 | 338 | — | — | — | 198 | 1,204 | 338 | |||||||||||||||||||||||||||
Total loans, net of unearned income, excluding covered loans | $ | 13,661,346 | $ | 12,793,268 | $ | 12,395,407 | $ | 88,650 | $ | 103,334 | $ | 121,485 | $ | 13,749,996 | $ | 12,896,602 | $ | 12,516,892 | ||||||||||||||||||
-1 | PCI loans represent loans acquired with evidence of credit quality deterioration since origination, in accordance with ASC 310-30. See Note 6 - Loans for further discussion of these purchased loans. | |||||||||||||||||||||||||||||||||||
A summary of activity in the allowance for credit losses by loan portfolio (excluding covered loans) for the three months ended June 30, 2014 and 2013 is as follows: | ||||||||||||||||||||||||||||||||||||
Three months ended June 30, 2014 | Commercial Real-estate | Home Equity | Residential Real-estate | Premium Finance Receivable | Consumer and Other | Total, Excluding Covered Loans | ||||||||||||||||||||||||||||||
(Dollars in thousands) | Commercial | |||||||||||||||||||||||||||||||||||
Allowance for credit losses | ||||||||||||||||||||||||||||||||||||
Allowance for loan losses at beginning of period | $ | 24,689 | $ | 44,605 | $ | 10,966 | $ | 4,691 | $ | 5,582 | $ | 1,742 | $ | 92,275 | ||||||||||||||||||||||
Other adjustments | (22 | ) | (96 | ) | (1 | ) | (2 | ) | 16 | — | (105 | ) | ||||||||||||||||||||||||
Reclassification from (to) allowance for unfunded lending-related commitments | — | (146 | ) | — | — | — | — | (146 | ) | |||||||||||||||||||||||||||
Charge-offs | (2,384 | ) | (2,351 | ) | (730 | ) | (689 | ) | (1,492 | ) | (213 | ) | (7,859 | ) | ||||||||||||||||||||||
Recoveries | 270 | 342 | 122 | 74 | 314 | 153 | 1,275 | |||||||||||||||||||||||||||||
Provision for credit losses | 3,485 | (1,652 | ) | 3,561 | (341 | ) | 1,889 | (129 | ) | 6,813 | ||||||||||||||||||||||||||
Allowance for loan losses at period end | $ | 26,038 | $ | 40,702 | $ | 13,918 | $ | 3,733 | $ | 6,309 | $ | 1,553 | $ | 92,253 | ||||||||||||||||||||||
Allowance for unfunded lending-related commitments at period end | $ | — | $ | 884 | $ | — | $ | — | $ | — | $ | — | $ | 884 | ||||||||||||||||||||||
Allowance for credit losses at period end | $ | 26,038 | $ | 41,586 | $ | 13,918 | $ | 3,733 | $ | 6,309 | $ | 1,553 | $ | 93,137 | ||||||||||||||||||||||
Individually evaluated for impairment | $ | 1,927 | $ | 7,237 | $ | 636 | $ | 484 | $ | — | $ | 102 | $ | 10,386 | ||||||||||||||||||||||
Collectively evaluated for impairment | 24,100 | 34,349 | 13,282 | 3,196 | 6,309 | 1,451 | 82,687 | |||||||||||||||||||||||||||||
Loans acquired with deteriorated credit quality | 11 | — | — | 53 | — | — | 64 | |||||||||||||||||||||||||||||
Loans at period end | ||||||||||||||||||||||||||||||||||||
Individually evaluated for impairment | $ | 12,397 | $ | 100,068 | $ | 6,030 | $ | 18,680 | $ | — | $ | 1,560 | $ | 138,735 | ||||||||||||||||||||||
Collectively evaluated for impairment | 3,615,090 | 4,188,137 | 707,612 | 430,443 | 4,020,414 | 158,615 | 13,120,311 | |||||||||||||||||||||||||||||
Loans acquired with deteriorated credit quality | 12,943 | 65,267 | — | 2,782 | 409,760 | 198 | 490,950 | |||||||||||||||||||||||||||||
Three months ended June 30, 2013 | Commercial Real-estate | Home Equity | Residential Real-estate | Premium Finance Receivable | Consumer and Other | Total, Excluding Covered Loans | ||||||||||||||||||||||||||||||
(Dollars in thousands) | Commercial | |||||||||||||||||||||||||||||||||||
Allowance for credit losses | ||||||||||||||||||||||||||||||||||||
Allowance for loan losses at beginning of period | $ | 28,952 | $ | 56,408 | $ | 12,122 | $ | 5,140 | $ | 6,071 | $ | 1,655 | $ | 110,348 | ||||||||||||||||||||||
Other adjustments | (1 | ) | (211 | ) | — | (85 | ) | (12 | ) | — | (309 | ) | ||||||||||||||||||||||||
Reclassification from (to) allowance for unfunded lending-related commitments | — | 65 | — | — | — | — | 65 | |||||||||||||||||||||||||||||
Charge-offs | (1,093 | ) | (14,947 | ) | (1,785 | ) | (517 | ) | (1,306 | ) | (128 | ) | (19,776 | ) | ||||||||||||||||||||||
Recoveries | 268 | 584 | 171 | 18 | 279 | 61 | 1,381 | |||||||||||||||||||||||||||||
Provision for credit losses | 605 | 10,057 | 3,697 | 269 | 236 | 269 | 15,133 | |||||||||||||||||||||||||||||
Allowance for loan losses at period end | $ | 28,731 | $ | 51,956 | $ | 14,205 | $ | 4,825 | $ | 5,268 | $ | 1,857 | $ | 106,842 | ||||||||||||||||||||||
Allowance for unfunded lending-related commitments at period end | $ | — | $ | 3,563 | $ | — | $ | — | $ | — | $ | — | $ | 3,563 | ||||||||||||||||||||||
Allowance for credit losses at period end | $ | 28,731 | $ | 55,519 | $ | 14,205 | $ | 4,825 | $ | 5,268 | $ | 1,857 | $ | 110,405 | ||||||||||||||||||||||
Individually evaluated for impairment | $ | 5,587 | $ | 7,411 | $ | 1,060 | $ | 606 | $ | — | $ | 218 | $ | 14,882 | ||||||||||||||||||||||
Collectively evaluated for impairment | 23,066 | 47,994 | 13,145 | 4,209 | 5,268 | 1,639 | 95,321 | |||||||||||||||||||||||||||||
Loans acquired with deteriorated credit quality | 78 | 114 | — | 10 | — | — | 202 | |||||||||||||||||||||||||||||
Loans at period end | ||||||||||||||||||||||||||||||||||||
Individually evaluated for impairment | $ | 25,495 | $ | 139,920 | $ | 13,488 | $ | 13,629 | $ | — | $ | 1,838 | $ | 194,370 | ||||||||||||||||||||||
Collectively evaluated for impairment | 3,083,280 | 3,887,297 | 744,772 | 369,012 | 3,512,431 | 170,055 | 11,766,847 | |||||||||||||||||||||||||||||
Loans acquired with deteriorated credit quality | 11,156 | 67,411 | — | 2,320 | 474,450 | 338 | 555,675 | |||||||||||||||||||||||||||||
Six months ended June 30, 2014 | Commercial Real-estate | Home Equity | Residential Real-estate | Premium Finance Receivable | Consumer and Other | Total, Excluding Covered Loans | ||||||||||||||||||||||||||||||
(Dollars in thousands) | Commercial | |||||||||||||||||||||||||||||||||||
Allowance for credit losses | ||||||||||||||||||||||||||||||||||||
Allowance for loan losses at beginning of period | $ | 23,092 | $ | 48,658 | $ | 12,611 | $ | 5,108 | $ | 5,583 | $ | 1,870 | $ | 96,922 | ||||||||||||||||||||||
Other adjustments | (37 | ) | (217 | ) | (2 | ) | (4 | ) | 7 | — | (253 | ) | ||||||||||||||||||||||||
Reclassification from (to) allowance for unfunded lending-related commitments | — | (164 | ) | — | — | — | — | (164 | ) | |||||||||||||||||||||||||||
Charge-offs | (3,032 | ) | (6,844 | ) | (2,997 | ) | (915 | ) | (2,702 | ) | (386 | ) | (16,876 | ) | ||||||||||||||||||||||
Recoveries | 587 | 487 | 379 | 205 | 635 | 214 | 2,507 | |||||||||||||||||||||||||||||
Provision for credit losses | 5,428 | (1,218 | ) | 3,927 | (661 | ) | 2,786 | (145 | ) | 10,117 | ||||||||||||||||||||||||||
Allowance for loan losses at period end | $ | 26,038 | $ | 40,702 | $ | 13,918 | $ | 3,733 | $ | 6,309 | $ | 1,553 | $ | 92,253 | ||||||||||||||||||||||
Allowance for unfunded lending-related commitments at period end | $ | — | $ | 884 | $ | — | $ | — | $ | — | $ | — | $ | 884 | ||||||||||||||||||||||
Allowance for credit losses at period end | $ | 26,038 | $ | 41,586 | $ | 13,918 | $ | 3,733 | $ | 6,309 | $ | 1,553 | $ | 93,137 | ||||||||||||||||||||||
Six months ended June 30, 2013 | Commercial Real-estate | Home Equity | Residential Real-estate | Premium Finance Receivable | Consumer and Other | Total, Excluding Covered Loans | ||||||||||||||||||||||||||||||
(Dollars in thousands) | Commercial | |||||||||||||||||||||||||||||||||||
Allowance for credit losses | ||||||||||||||||||||||||||||||||||||
Allowance for loan losses at beginning of period | $ | 28,794 | $ | 52,135 | $ | 12,734 | $ | 5,560 | $ | 6,096 | $ | 2,032 | $ | 107,351 | ||||||||||||||||||||||
Other adjustments | (4 | ) | (428 | ) | — | (94 | ) | (12 | ) | — | (538 | ) | ||||||||||||||||||||||||
Reclassification from (to) allowance for unfunded lending-related commitments | — | (148 | ) | — | — | — | — | (148 | ) | |||||||||||||||||||||||||||
Charge-offs | (5,633 | ) | (18,246 | ) | (4,182 | ) | (2,245 | ) | (2,374 | ) | (257 | ) | (32,937 | ) | ||||||||||||||||||||||
Recoveries | 563 | 952 | 333 | 23 | 573 | 170 | 2,614 | |||||||||||||||||||||||||||||
Provision for credit losses | 5,011 | 17,691 | 5,320 | 1,581 | 985 | (88 | ) | 30,500 | ||||||||||||||||||||||||||||
Allowance for loan losses at period end | $ | 28,731 | $ | 51,956 | $ | 14,205 | $ | 4,825 | $ | 5,268 | $ | 1,857 | $ | 106,842 | ||||||||||||||||||||||
Allowance for unfunded lending-related commitments at period end | $ | — | $ | 3,563 | $ | — | $ | — | $ | — | $ | — | $ | 3,563 | ||||||||||||||||||||||
Allowance for credit losses at period end | $ | 28,731 | $ | 55,519 | $ | 14,205 | $ | 4,825 | $ | 5,268 | $ | 1,857 | $ | 110,405 | ||||||||||||||||||||||
A summary of activity in the allowance for covered loan losses for the three months ended June 30, 2014 and 2013 is as follows: | ||||||||||||||||||||||||||||||||||||
Three Months Ended | Six Months Ended | |||||||||||||||||||||||||||||||||||
June 30, | June 30, | June 30, | June 30, | |||||||||||||||||||||||||||||||||
(Dollars in thousands) | 2014 | 2013 | 2014 | 2013 | ||||||||||||||||||||||||||||||||
Balance at beginning of period | $ | 3,447 | $ | 12,272 | $ | 10,092 | $ | 13,454 | ||||||||||||||||||||||||||||
Provision for covered loan losses before benefit attributable to FDIC loss share agreements | (764 | ) | 1,246 | (7,885 | ) | 2,846 | ||||||||||||||||||||||||||||||
Benefit attributable to FDIC loss share agreements | 611 | (997 | ) | 6,308 | (2,277 | ) | ||||||||||||||||||||||||||||||
Net provision for covered loan losses | (153 | ) | 249 | (1,577 | ) | 569 | ||||||||||||||||||||||||||||||
(Decrease) increase in FDIC indemnification asset | (611 | ) | 997 | (6,308 | ) | 2,277 | ||||||||||||||||||||||||||||||
Loans charged-off | (2,189 | ) | (2,266 | ) | (5,053 | ) | (5,057 | ) | ||||||||||||||||||||||||||||
Recoveries of loans charged-off | 1,173 | 3,177 | 4,513 | 3,186 | ||||||||||||||||||||||||||||||||
Net recoveries (charge-offs) | (1,016 | ) | 911 | (540 | ) | (1,871 | ) | |||||||||||||||||||||||||||||
Balance at end of period | $ | 1,667 | $ | 14,429 | $ | 1,667 | $ | 14,429 | ||||||||||||||||||||||||||||
In conjunction with FDIC-assisted transactions, the Company entered into loss share agreements with the FDIC. Additional expected losses, to the extent such expected losses result in the recognition of an allowance for loan losses, will increase the FDIC indemnification asset. The allowance for loan losses for loans acquired in FDIC-assisted transactions is determined without giving consideration to the amounts recoverable through loss share agreements (since the loss share agreements are separately accounted for and thus presented “gross” on the balance sheet). On the Consolidated Statements of Income, the provision for credit losses related to covered loans is reported net of changes in the amount recoverable under the loss share agreements. Reductions to expected losses, to the extent such reductions to expected losses are the result of an improvement to the actual or expected cash flows from the covered assets, will reduce the FDIC indemnification asset. Additions to expected losses will require an increase to the allowance for loan losses, and a corresponding increase to the FDIC indemnification asset. See “FDIC-Assisted Transactions” within Note 3 – Business Combinations for more detail. | ||||||||||||||||||||||||||||||||||||
Impaired Loans | ||||||||||||||||||||||||||||||||||||
A summary of impaired loans, including troubled debt restructurings ("TDRs"), is as follows: | ||||||||||||||||||||||||||||||||||||
June 30, | December 31, | June 30, | ||||||||||||||||||||||||||||||||||
(Dollars in thousands) | 2014 | 2013 | 2013 | |||||||||||||||||||||||||||||||||
Impaired loans (included in non-performing and TDRs): | ||||||||||||||||||||||||||||||||||||
Impaired loans with an allowance for loan loss required (1) | $ | 91,511 | $ | 92,184 | $ | 96,519 | ||||||||||||||||||||||||||||||
Impaired loans with no allowance for loan loss required | 45,734 | 70,045 | 93,629 | |||||||||||||||||||||||||||||||||
Total impaired loans (2) | $ | 137,245 | $ | 162,229 | $ | 190,148 | ||||||||||||||||||||||||||||||
Allowance for loan losses related to impaired loans | $ | 10,298 | $ | 8,265 | $ | 11,839 | ||||||||||||||||||||||||||||||
TDRs | $ | 88,107 | $ | 107,103 | $ | 126,196 | ||||||||||||||||||||||||||||||
-1 | These impaired loans require an allowance for loan losses because the estimated fair value of the loans or related collateral is less than the recorded investment in the loans. | |||||||||||||||||||||||||||||||||||
-2 | Impaired loans are considered by the Company to be non-accrual loans, TDRs or loans with principal and/or interest at risk, even if the loan is current with all payments of principal and interest. | |||||||||||||||||||||||||||||||||||
The following tables present impaired loans evaluated for impairment by loan class for the periods ended as follows: | ||||||||||||||||||||||||||||||||||||
For the Six Months Ended | ||||||||||||||||||||||||||||||||||||
As of June 30, 2014 | 30-Jun-14 | |||||||||||||||||||||||||||||||||||
Recorded Investment | Unpaid Principal Balance | Related Allowance | Average Recorded Investment | Interest Income Recognized | ||||||||||||||||||||||||||||||||
(Dollars in thousands) | ||||||||||||||||||||||||||||||||||||
Impaired loans with a related ASC 310 allowance recorded | ||||||||||||||||||||||||||||||||||||
Commercial | ||||||||||||||||||||||||||||||||||||
Commercial and industrial | $ | 7,220 | $ | 10,152 | $ | 1,631 | $ | 8,332 | $ | 339 | ||||||||||||||||||||||||||
Franchise | — | — | — | — | — | |||||||||||||||||||||||||||||||
Mortgage warehouse lines of credit | — | — | — | — | — | |||||||||||||||||||||||||||||||
Community Advantage—homeowners association | — | — | — | — | — | |||||||||||||||||||||||||||||||
Aircraft | — | — | — | — | — | |||||||||||||||||||||||||||||||
Asset-based lending | 270 | 290 | 270 | 275 | 7 | |||||||||||||||||||||||||||||||
Tax exempt | — | — | — | — | — | |||||||||||||||||||||||||||||||
Leases | — | — | — | — | — | |||||||||||||||||||||||||||||||
Other | — | — | — | — | — | |||||||||||||||||||||||||||||||
Commercial real-estate | ||||||||||||||||||||||||||||||||||||
Residential construction | — | — | — | — | — | |||||||||||||||||||||||||||||||
Commercial construction | 2,146 | 2,156 | 128 | 2,150 | 44 | |||||||||||||||||||||||||||||||
Land | 11,687 | 15,538 | 363 | 11,876 | 378 | |||||||||||||||||||||||||||||||
Office | 14,403 | 15,159 | 2,664 | 14,517 | 335 | |||||||||||||||||||||||||||||||
Industrial | 3,349 | 3,455 | 227 | 3,372 | 76 | |||||||||||||||||||||||||||||||
Retail | 14,320 | 14,733 | 1,590 | 14,343 | 304 | |||||||||||||||||||||||||||||||
Multi-family | 2,835 | 3,349 | 119 | 2,857 | 73 | |||||||||||||||||||||||||||||||
Mixed use and other | 27,418 | 27,565 | 2,111 | 28,474 | 551 | |||||||||||||||||||||||||||||||
Home equity | 1,562 | 1,616 | 636 | 1,567 | 30 | |||||||||||||||||||||||||||||||
Residential real-estate | 5,997 | 6,372 | 457 | 5,914 | 140 | |||||||||||||||||||||||||||||||
Premium finance receivables | ||||||||||||||||||||||||||||||||||||
Commercial insurance | — | — | — | — | — | |||||||||||||||||||||||||||||||
Life insurance | — | — | — | — | — | |||||||||||||||||||||||||||||||
PCI - life insurance | — | — | — | — | — | |||||||||||||||||||||||||||||||
Consumer and other | 304 | 364 | 102 | 308 | 8 | |||||||||||||||||||||||||||||||
Impaired loans with no related ASC 310 allowance recorded | ||||||||||||||||||||||||||||||||||||
Commercial | ||||||||||||||||||||||||||||||||||||
Commercial and industrial | $ | 4,222 | $ | 8,666 | $ | — | $ | 4,591 | $ | 219 | ||||||||||||||||||||||||||
Franchise | — | — | — | — | — | |||||||||||||||||||||||||||||||
Mortgage warehouse lines of credit | — | — | — | — | — | |||||||||||||||||||||||||||||||
Community Advantage—homeowners association | — | — | — | — | — | |||||||||||||||||||||||||||||||
Aircraft | — | — | — | — | — | |||||||||||||||||||||||||||||||
Asset-based lending | 25 | 1,952 | — | 150 | 50 | |||||||||||||||||||||||||||||||
Tax exempt | — | — | — | — | — | |||||||||||||||||||||||||||||||
Leases | — | — | — | — | — | |||||||||||||||||||||||||||||||
Other | — | — | — | — | — | |||||||||||||||||||||||||||||||
Commercial real-estate | ||||||||||||||||||||||||||||||||||||
Residential construction | — | — | — | — | — | |||||||||||||||||||||||||||||||
Commercial construction | 1,031 | 1,031 | — | 1,051 | 23 | |||||||||||||||||||||||||||||||
Land | 3,917 | 4,958 | — | 5,657 | 131 | |||||||||||||||||||||||||||||||
Office | 2,598 | 2,599 | — | 2,605 | 73 | |||||||||||||||||||||||||||||||
Industrial | 3,603 | 3,839 | — | 3,155 | 95 | |||||||||||||||||||||||||||||||
Retail | 6,422 | 7,813 | — | 6,456 | 188 | |||||||||||||||||||||||||||||||
Multi-family | 440 | 966 | — | 497 | 22 | |||||||||||||||||||||||||||||||
Mixed use and other | 5,330 | 7,842 | — | 5,875 | 218 | |||||||||||||||||||||||||||||||
Home equity | 4,468 | 6,553 | — | 4,842 | 138 | |||||||||||||||||||||||||||||||
Residential real-estate | 12,422 | 15,538 | — | 12,836 | 295 | |||||||||||||||||||||||||||||||
Premium finance receivables | ||||||||||||||||||||||||||||||||||||
Commercial insurance | — | — | — | — | — | |||||||||||||||||||||||||||||||
Life insurance | — | — | — | — | — | |||||||||||||||||||||||||||||||
PCI - life insurance | — | — | — | — | — | |||||||||||||||||||||||||||||||
Consumer and other | 1,256 | 1,775 | — | 1,260 | 53 | |||||||||||||||||||||||||||||||
Total loans, net of unearned income, excluding covered loans | $ | 137,245 | $ | 164,281 | $ | 10,298 | $ | 142,960 | $ | 3,790 | ||||||||||||||||||||||||||
For the Twelve Months Ended | ||||||||||||||||||||||||||||||||||||
As of December 31, 2013 | 31-Dec-13 | |||||||||||||||||||||||||||||||||||
Recorded Investment | Unpaid Principal Balance | Related Allowance | Average Recorded Investment | Interest Income Recognized | ||||||||||||||||||||||||||||||||
(Dollars in thousands) | ||||||||||||||||||||||||||||||||||||
Impaired loans with a related ASC 310 allowance recorded | ||||||||||||||||||||||||||||||||||||
Commercial | ||||||||||||||||||||||||||||||||||||
Commercial and industrial | $ | 6,297 | $ | 7,001 | $ | 1,078 | $ | 6,611 | $ | 354 | ||||||||||||||||||||||||||
Franchise | — | — | — | — | — | |||||||||||||||||||||||||||||||
Mortgage warehouse lines of credit | — | — | — | — | — | |||||||||||||||||||||||||||||||
Community Advantage—homeowners association | — | — | — | — | — | |||||||||||||||||||||||||||||||
Aircraft | — | — | — | — | — | |||||||||||||||||||||||||||||||
Asset-based lending | 282 | 294 | 282 | 295 | 14 | |||||||||||||||||||||||||||||||
Tax exempt | — | — | — | — | — | |||||||||||||||||||||||||||||||
Leases | — | — | — | — | — | |||||||||||||||||||||||||||||||
Other | — | — | — | — | — | |||||||||||||||||||||||||||||||
Commercial real-estate | ||||||||||||||||||||||||||||||||||||
Residential construction | — | — | — | — | — | |||||||||||||||||||||||||||||||
Commercial construction | 3,099 | 3,099 | 18 | 3,098 | 115 | |||||||||||||||||||||||||||||||
Land | 10,518 | 11,871 | 259 | 10,323 | 411 | |||||||||||||||||||||||||||||||
Office | 7,792 | 8,444 | 1,253 | 8,148 | 333 | |||||||||||||||||||||||||||||||
Industrial | 3,385 | 3,506 | 193 | 3,638 | 179 | |||||||||||||||||||||||||||||||
Retail | 17,511 | 17,638 | 1,253 | 17,678 | 724 | |||||||||||||||||||||||||||||||
Multi-family | 3,237 | 3,730 | 235 | 2,248 | 139 | |||||||||||||||||||||||||||||||
Mixed use and other | 28,935 | 29,051 | 1,366 | 26,792 | 1,194 | |||||||||||||||||||||||||||||||
Home equity | 3,985 | 5,238 | 1,593 | 4,855 | 236 | |||||||||||||||||||||||||||||||
Residential real-estate | 6,876 | 7,023 | 626 | 6,335 | 273 | |||||||||||||||||||||||||||||||
Premium finance receivables | ||||||||||||||||||||||||||||||||||||
Commercial insurance | — | — | — | — | — | |||||||||||||||||||||||||||||||
Life insurance | — | — | — | — | — | |||||||||||||||||||||||||||||||
Purchased life insurance | — | — | — | — | — | |||||||||||||||||||||||||||||||
Consumer and other | 267 | 269 | 109 | 273 | 11 | |||||||||||||||||||||||||||||||
Impaired loans with no related ASC 310 allowance recorded | ||||||||||||||||||||||||||||||||||||
Commercial | ||||||||||||||||||||||||||||||||||||
Commercial and industrial | $ | 9,890 | $ | 16,333 | $ | — | $ | 13,928 | $ | 1,043 | ||||||||||||||||||||||||||
Franchise | — | — | — | — | — | |||||||||||||||||||||||||||||||
Mortgage warehouse lines of credit | — | — | — | — | — | |||||||||||||||||||||||||||||||
Community Advantage—homeowners association | — | — | — | — | — | |||||||||||||||||||||||||||||||
Aircraft | — | — | — | — | — | |||||||||||||||||||||||||||||||
Asset-based lending | 354 | 2,311 | — | 2,162 | 121 | |||||||||||||||||||||||||||||||
Tax exempt | — | — | — | — | — | |||||||||||||||||||||||||||||||
Leases | — | — | — | — | — | |||||||||||||||||||||||||||||||
Other | — | — | — | — | — | |||||||||||||||||||||||||||||||
Commercial real-estate | ||||||||||||||||||||||||||||||||||||
Residential construction | 1,463 | 1,530 | — | 1,609 | 64 | |||||||||||||||||||||||||||||||
Commercial construction | 7,710 | 13,227 | — | 9,680 | 722 | |||||||||||||||||||||||||||||||
Land | 5,035 | 8,813 | — | 5,384 | 418 | |||||||||||||||||||||||||||||||
Office | 10,379 | 11,717 | — | 10,925 | 610 | |||||||||||||||||||||||||||||||
Industrial | 5,087 | 5,267 | — | 5,160 | 328 | |||||||||||||||||||||||||||||||
Retail | 7,047 | 8,610 | — | 8,462 | 400 | |||||||||||||||||||||||||||||||
Multi-family | 608 | 1,030 | — | 903 | 47 | |||||||||||||||||||||||||||||||
Mixed use and other | 4,077 | 6,213 | — | 5,046 | 352 | |||||||||||||||||||||||||||||||
Home equity | 6,312 | 7,790 | — | 6,307 | 324 | |||||||||||||||||||||||||||||||
Residential real-estate | 10,761 | 13,585 | — | 9,443 | 393 | |||||||||||||||||||||||||||||||
Premium finance receivables | ||||||||||||||||||||||||||||||||||||
Commercial insurance | — | — | — | — | — | |||||||||||||||||||||||||||||||
Life insurance | — | — | — | — | — | |||||||||||||||||||||||||||||||
Purchased life insurance | — | — | — | — | — | |||||||||||||||||||||||||||||||
Consumer and other | 1,322 | 1,865 | — | 1,355 | 115 | |||||||||||||||||||||||||||||||
Total loans, net of unearned income, excluding covered loans | $ | 162,229 | $ | 195,455 | $ | 8,265 | $ | 170,658 | $ | 8,920 | ||||||||||||||||||||||||||
For the Six Months Ended | ||||||||||||||||||||||||||||||||||||
As of June 30, 2013 | 30-Jun-13 | |||||||||||||||||||||||||||||||||||
Recorded Investment | Unpaid Principal Balance | Related Allowance | Average Recorded Investment | Interest Income Recognized | ||||||||||||||||||||||||||||||||
(Dollars in thousands) | ||||||||||||||||||||||||||||||||||||
Impaired loans with a related ASC 310 allowance recorded | ||||||||||||||||||||||||||||||||||||
Commercial | ||||||||||||||||||||||||||||||||||||
Commercial and industrial | $ | 11,720 | $ | 13,429 | $ | 4,561 | $ | 12,131 | $ | 434 | ||||||||||||||||||||||||||
Franchise | — | — | — | — | — | |||||||||||||||||||||||||||||||
Mortgage warehouse lines of credit | — | — | — | — | — | |||||||||||||||||||||||||||||||
Community Advantage—homeowners association | — | — | — | — | — | |||||||||||||||||||||||||||||||
Aircraft | — | — | — | — | — | |||||||||||||||||||||||||||||||
Asset-based lending | 1,803 | 1,810 | 988 | 1,721 | 46 | |||||||||||||||||||||||||||||||
Tax exempt | — | — | — | — | — | |||||||||||||||||||||||||||||||
Leases | — | — | — | — | — | |||||||||||||||||||||||||||||||
Other | — | — | — | — | — | |||||||||||||||||||||||||||||||
Commercial real-estate | ||||||||||||||||||||||||||||||||||||
Residential construction | 1,528 | 1,615 | 403 | 1,547 | 33 | |||||||||||||||||||||||||||||||
Commercial construction | 10,591 | 10,591 | 67 | 10,853 | 207 | |||||||||||||||||||||||||||||||
Land | 8,713 | 8,894 | 173 | 7,281 | 117 | |||||||||||||||||||||||||||||||
Office | 9,306 | 9,411 | 685 | 9,385 | 170 | |||||||||||||||||||||||||||||||
Industrial | 4,165 | 5,226 | 203 | 5,047 | 159 | |||||||||||||||||||||||||||||||
Retail | 12,730 | 12,730 | 152 | 12,675 | 254 | |||||||||||||||||||||||||||||||
Multi-family | 4,712 | 5,173 | 1,068 | 4,824 | 112 | |||||||||||||||||||||||||||||||
Mixed use and other | 23,996 | 24,940 | 1,686 | 21,742 | 499 | |||||||||||||||||||||||||||||||
Home equity | 3,454 | 4,857 | 1,060 | 4,183 | 87 | |||||||||||||||||||||||||||||||
Residential real-estate | 3,155 | 3,666 | 575 | 2,905 | 62 | |||||||||||||||||||||||||||||||
Premium finance receivables | ||||||||||||||||||||||||||||||||||||
Commercial insurance | — | — | — | — | — | |||||||||||||||||||||||||||||||
Life insurance | — | — | — | — | — | |||||||||||||||||||||||||||||||
Purchased life insurance | — | — | — | — | — | |||||||||||||||||||||||||||||||
Consumer and other | 646 | 648 | 218 | 650 | 17 | |||||||||||||||||||||||||||||||
Impaired loans with no related ASC 310 allowance recorded | ||||||||||||||||||||||||||||||||||||
Commercial | ||||||||||||||||||||||||||||||||||||
Commercial and industrial | $ | 11,028 | $ | 14,384 | $ | — | $ | 12,155 | $ | 393 | ||||||||||||||||||||||||||
Franchise | — | — | — | — | — | |||||||||||||||||||||||||||||||
Mortgage warehouse lines of credit | — | — | — | — | — | |||||||||||||||||||||||||||||||
Community Advantage—homeowners association | — | — | — | — | — | |||||||||||||||||||||||||||||||
Aircraft | — | — | — | — | — | |||||||||||||||||||||||||||||||
Asset-based lending | 12 | 1,352 | — | 19 | 36 | |||||||||||||||||||||||||||||||
Tax exempt | — | — | — | — | — | |||||||||||||||||||||||||||||||
Leases | — | — | — | — | — | |||||||||||||||||||||||||||||||
Other | — | — | — | — | — | |||||||||||||||||||||||||||||||
Commercial real-estate | ||||||||||||||||||||||||||||||||||||
Residential construction | 4,100 | 4,481 | — | 3,782 | 81 | |||||||||||||||||||||||||||||||
Commercial construction | 8,377 | 13,410 | — | 11,508 | 357 | |||||||||||||||||||||||||||||||
Land | 8,195 | 13,910 | — | 9,791 | 331 | |||||||||||||||||||||||||||||||
Office | 7,442 | 9,171 | — | 8,581 | 237 | |||||||||||||||||||||||||||||||
Industrial | 5,178 | 5,321 | — | 5,234 | 141 | |||||||||||||||||||||||||||||||
Retail | 16,114 | 17,374 | — | 15,512 | 406 | |||||||||||||||||||||||||||||||
Multi-family | 894 | 3,009 | — | 1,235 | 74 | |||||||||||||||||||||||||||||||
Mixed use and other | 10,856 | 13,464 | — | 9,623 | 293 | |||||||||||||||||||||||||||||||
Home equity | 10,034 | 11,734 | — | 10,012 | 235 | |||||||||||||||||||||||||||||||
Residential real-estate | 10,207 | 10,860 | — | 10,632 | 211 | |||||||||||||||||||||||||||||||
Premium finance receivables | ||||||||||||||||||||||||||||||||||||
Commercial insurance | — | — | — | — | — | |||||||||||||||||||||||||||||||
Life insurance | — | — | — | — | — | |||||||||||||||||||||||||||||||
Purchased life insurance | — | — | — | — | — | |||||||||||||||||||||||||||||||
Consumer and other | 1,192 | 1,736 | — | 1,221 | 52 | |||||||||||||||||||||||||||||||
Total loans, net of unearned income, excluding covered loans | $ | 190,148 | $ | 223,196 | $ | 11,839 | $ | 194,249 | $ | 5,044 | ||||||||||||||||||||||||||
TDRs | ||||||||||||||||||||||||||||||||||||
At June 30, 2014, the Company had $88.1 million in loans modified in TDRs. The $88.1 million in TDRs represents 143 credits in which economic concessions were granted to certain borrowers to better align the terms of their loans with their current ability to pay. | ||||||||||||||||||||||||||||||||||||
The Company’s approach to restructuring loans, excluding PCI loans, is built on its credit risk rating system which requires credit management personnel to assign a credit risk rating to each loan. In each case, the loan officer is responsible for recommending a credit risk rating for each loan and ensuring the credit risk ratings are appropriate. These credit risk ratings are then reviewed and approved by the bank’s chief credit officer and/or concurrence credit officer. Credit risk ratings are determined by evaluating a number of factors including a borrower’s financial strength, cash flow coverage, collateral protection and guarantees. The Company’s credit risk rating scale is one through ten with higher scores indicating higher risk. In the case of loans rated six or worse following modification, the Company’s Managed Assets Division evaluates the loan and the credit risk rating and determines that the loan has been restructured to be reasonably assured of repayment and of performance according to the modified terms and is supported by a current, well-documented credit assessment of the borrower’s financial condition and prospects for repayment under the revised terms. | ||||||||||||||||||||||||||||||||||||
A modification of a loan, excluding PCI loans, with an existing credit risk rating of six or worse or a modification of any other credit which will result in a restructured credit risk rating of six or worse, must be reviewed for possible TDR classification. In that event, our Managed Assets Division conducts an overall credit and collateral review. A modification of these loans is considered to be a TDR if both (1) the borrower is experiencing financial difficulty and (2) for economic or legal reasons, the bank grants a concession to a borrower that it would not otherwise consider. The modification of a loan, excluding PCI loans, where the credit risk rating is five or better both before and after such modification is not considered to be a TDR. Based on the Company’s credit risk rating system, it considers that borrowers whose credit risk rating is five or better are not experiencing financial difficulties and therefore, are not considered TDRs. | ||||||||||||||||||||||||||||||||||||
All credits determined to be a TDR will continue to be classified as a TDR in all subsequent periods, unless the borrower has been in compliance with the loan’s modified terms for a period of six months (including over a calendar year-end) and the modified interest rate represented a market rate at the time of a restructuring. The Managed Assets Division, in consultation with the respective loan officer, determines whether the modified interest rate represented a current market rate at the time of restructuring. Using knowledge of current market conditions and rates, competitive pricing on recent loan originations, and an assessment of various characteristics of the modified loan (including collateral position and payment history), an appropriate market rate for a new borrower with similar risk is determined. If the modified interest rate meets or exceeds this market rate for a new borrower with similar risk, the modified interest rate represents a market rate at the time of restructuring. Additionally, before removing a loan from TDR classification, a review of the current or previously measured impairment on the loan and any concerns related to future performance by the borrower is conducted. If concerns exist about the future ability of the borrower to meet its obligations under the loans based on a credit review by the Managed Assets Division, the TDR classification is not removed from the loan. Loans classified as TDRs that are re-modified subsequent to the initial determination will continue to be classified as TDRs following the re-modification, unless the requirements for removal from TDR classification discussed above are satisfied at the time of the re-modification. | ||||||||||||||||||||||||||||||||||||
TDRs are reviewed at the time of the modification and on a quarterly basis to determine if a specific reserve is necessary. The carrying amount of the loan is compared to the expected payments to be received, discounted at the loan's original rate, or for collateral dependent loans, to the fair value of the collateral. Any shortfall is recorded as a specific reserve. The Company, in accordance with ASC 310-10, continues to individually measure impairment of these loans after the TDR classification is removed. | ||||||||||||||||||||||||||||||||||||
Each TDR was reviewed for impairment at June 30, 2014 and approximately $4.9 million of impairment was present and appropriately reserved for through the Company’s normal reserving methodology in the Company’s allowance for loan losses. For TDRs in which impairment is calculated by the present value of future cash flows, the Company records interest income representing the decrease in impairment resulting from the passage of time during the respective period, which differs from interest income from contractually required interest on these specific loans. During the three months ended June 30, 2014 and 2013, the Company recorded $103,000 and $296,000, respectively, in interest income representing this decrease in impairment. For the six months ended June 30, 2014 and 2013, the Company recorded $235,000 and $522,000, respectively, in interest income. | ||||||||||||||||||||||||||||||||||||
The tables below present a summary of the post-modification balance of loans restructured during the three months ended June 30, 2014 and 2013, respectively, which represent TDRs: | ||||||||||||||||||||||||||||||||||||
Three months ended | Total (1)(2) | Extension at | Reduction of Interest | Modification to | Forgiveness of Debt(2) | |||||||||||||||||||||||||||||||
30-Jun-14 | Below Market | Rate (2) | Interest-only | |||||||||||||||||||||||||||||||||
Terms (2) | Payments (2) | |||||||||||||||||||||||||||||||||||
(Dollars in thousands) | Count | Balance | Count | Balance | Count | Balance | Count | Balance | Count | Balance | ||||||||||||||||||||||||||
Commercial | ||||||||||||||||||||||||||||||||||||
Commercial and industrial | — | $ | — | — | $ | — | — | $ | — | — | $ | — | — | $ | — | |||||||||||||||||||||
Commercial real-estate | ||||||||||||||||||||||||||||||||||||
Commercial construction | — | — | — | — | — | — | — | — | — | — | ||||||||||||||||||||||||||
Land | — | — | — | — | — | — | — | — | — | — | ||||||||||||||||||||||||||
Office | 1 | 790 | 1 | 790 | — | — | — | — | — | — | ||||||||||||||||||||||||||
Industrial | — | — | — | — | — | — | — | — | — | — | ||||||||||||||||||||||||||
Retail | — | — | — | — | — | — | — | — | — | — | ||||||||||||||||||||||||||
Multi-family | 1 | 181 | — | — | 1 | 181 | — | — | — | — | ||||||||||||||||||||||||||
Mixed use and other | 4 | 1,049 | 1 | 233 | 4 | 1,049 | — | — | — | — | ||||||||||||||||||||||||||
Residential real estate and other | 1 | 220 | 1 | 220 | — | — | 1 | 220 | — | — | ||||||||||||||||||||||||||
Total loans | 7 | $ | 2,240 | 3 | $ | 1,243 | 5 | $ | 1,230 | 1 | $ | 220 | — | $ | — | |||||||||||||||||||||
Three months ended | Total (1)(2) | Extension at | Reduction of Interest | Modification to | Forgiveness of Debt(2) | |||||||||||||||||||||||||||||||
30-Jun-13 | Below Market | Rate (2) | Interest-only | |||||||||||||||||||||||||||||||||
Terms (2) | Payments (2) | |||||||||||||||||||||||||||||||||||
(Dollars in thousands) | Count | Balance | Count | Balance | Count | Balance | Count | Balance | Count | Balance | ||||||||||||||||||||||||||
Commercial | ||||||||||||||||||||||||||||||||||||
Commercial and industrial | — | $ | — | — | $ | — | — | $ | — | — | $ | — | — | $ | — | |||||||||||||||||||||
Commercial real-estate | ||||||||||||||||||||||||||||||||||||
Commercial construction | 3 | 6,120 | 3 | 6,120 | — | — | 3 | 6,120 | — | — | ||||||||||||||||||||||||||
Land | — | — | — | — | — | — | — | — | — | — | ||||||||||||||||||||||||||
Office | 3 | 3,465 | 3 | 3,465 | — | — | — | — | — | — | ||||||||||||||||||||||||||
Industrial | 1 | 949 | 1 | 949 | 1 | 949 | — | — | — | — | ||||||||||||||||||||||||||
Retail | — | — | — | — | — | — | — | — | — | — | ||||||||||||||||||||||||||
Multi-family | — | — | — | — | — | — | — | — | — | — | ||||||||||||||||||||||||||
Mixed use and other | 2 | 3,533 | 2 | 3,533 | 2 | 3,533 | — | — | — | — | ||||||||||||||||||||||||||
Residential real estate and other | 3 | 401 | 1 | 25 | 3 | 401 | 1 | 111 | — | — | ||||||||||||||||||||||||||
Total loans | 12 | $ | 14,468 | 10 | $ | 14,092 | 6 | $ | 4,883 | 4 | $ | 6,231 | — | $ | — | |||||||||||||||||||||
-1 | TDRs may have more than one modification representing a concession. As such, TDRs during the period may be represented in more than one of the categories noted above. | |||||||||||||||||||||||||||||||||||
-2 | Balances represent the recorded investment in the loan at the time of the restructuring. | |||||||||||||||||||||||||||||||||||
During the three months ended June 30, 2014, seven loans totaling $2.2 million were determined to be TDRs, compared to 12 loans totaling $14.5 million in the same period of 2013. Of these loans extended at below market terms, the weighted average extension had a term of approximately 16 months during the three months ended June 30, 2014 and 2013. Further, the weighted average decrease in the stated interest rate for loans with a reduction of interest rate during the period was approximately 137 basis points and 225 basis points during the three months ending June 30, 2014 and 2013, respectively. Interest-only payment terms were approximately six months during the three months ending June 30, 2014 compared to approximately eleven months during the three months ending June 30, 2013. Additionally, no principal balances were forgiven in the second quarter of 2014 and 2013. | ||||||||||||||||||||||||||||||||||||
Six months ended | Total (1)(2) | Extension at | Reduction of Interest | Modification to | Forgiveness of Debt(2) | |||||||||||||||||||||||||||||||
30-Jun-14 | Below Market | Rate (2) | Interest-only | |||||||||||||||||||||||||||||||||
Terms (2) | Payments (2) | |||||||||||||||||||||||||||||||||||
(Dollars in thousands) | Count | Balance | Count | Balance | Count | Balance | Count | Balance | Count | Balance | ||||||||||||||||||||||||||
Commercial | ||||||||||||||||||||||||||||||||||||
Commercial and industrial | 1 | $ | 88 | 1 | $ | 88 | — | $ | — | 1 | $ | 88 | — | $ | — | |||||||||||||||||||||
Commercial real-estate | ||||||||||||||||||||||||||||||||||||
Commercial construction | — | — | — | — | — | — | — | — | — | — | ||||||||||||||||||||||||||
Land | — | — | — | — | — | — | — | — | — | — | ||||||||||||||||||||||||||
Office | 1 | 790 | 1 | 790 | — | — | — | — | — | — | ||||||||||||||||||||||||||
Industrial | 1 | 1,078 | 1 | 1,078 | — | — | 1 | 1,078 | — | — | ||||||||||||||||||||||||||
Retail | 1 | 202 | 1 | 202 | — | — | — | — | — | — | ||||||||||||||||||||||||||
Multi-family | 1 | 181 | — | — | 1 | 181 | — | — | — | — | ||||||||||||||||||||||||||
Mixed use and other | 7 | 4,926 | 3 | 2,837 | 7 | 4,926 | 1 | 1,273 | — | — | ||||||||||||||||||||||||||
Residential real estate and other | 1 | 220 | 1 | 220 | — | — | 1 | 220 | — | — | ||||||||||||||||||||||||||
Total loans | 13 | $ | 7,485 | 8 | $ | 5,215 | 8 | $ | 5,107 | 4 | $ | 2,659 | — | $ | — | |||||||||||||||||||||
Six months ended | Total (1)(2) | Extension at | Reduction of Interest | Modification to | Forgiveness of Debt(2) | |||||||||||||||||||||||||||||||
30-Jun-13 | Below Market | Rate (2) | Interest-only | |||||||||||||||||||||||||||||||||
Terms (2) | Payments (2) | |||||||||||||||||||||||||||||||||||
(Dollars in thousands) | Count | Balance | Count | Balance | Count | Balance | Count | Balance | Count | Balance | ||||||||||||||||||||||||||
Commercial | ||||||||||||||||||||||||||||||||||||
Commercial and industrial | 6 | $ | 708 | 5 | $ | 573 | 4 | $ | 553 | 2 | $ | 185 | — | $ | — | |||||||||||||||||||||
Commercial real-estate | ||||||||||||||||||||||||||||||||||||
Commercial construction | 3 | 6,120 | 3 | 6,120 | — | — | 3 | 6,120 | — | — | ||||||||||||||||||||||||||
Land | 2 | 287 | 2 | 287 | 2 | 287 | — | — | 1 | 73 | ||||||||||||||||||||||||||
Office | 3 | 3,465 | 3 | 3,465 | — | — | — | — | — | — | ||||||||||||||||||||||||||
Industrial | 1 | 949 | 1 | 949 | 1 | 949 | — | — | — | — | ||||||||||||||||||||||||||
Retail | 1 | 200 | 1 | 200 | 1 | 200 | — | — | — | — | ||||||||||||||||||||||||||
Multi-family | 1 | 705 | 1 | 705 | 1 | 705 | — | — | — | — | ||||||||||||||||||||||||||
Mixed use and other | 2 | 3,533 | 2 | 3,533 | 2 | 3,533 | — | — | — | — | ||||||||||||||||||||||||||
Residential real estate and other | 7 | 778 | 3 | 95 | 6 | 762 | 2 | 234 | — | — | ||||||||||||||||||||||||||
Total loans | 26 | $ | 16,745 | 21 | $ | 15,927 | 17 | $ | 6,989 | 7 | $ | 6,539 | 1 | $ | 73 | |||||||||||||||||||||
-1 | TDRs may have more than one modification representing a concession. As such, TDRs during the period may be represented in more than one of the categories noted above. | |||||||||||||||||||||||||||||||||||
-2 | Balances represent the recorded investment in the loan at the time of the restructuring. | |||||||||||||||||||||||||||||||||||
During the six months ended June 30, 2014, 13 loans totaling $7.5 million were determined to be TDRs, compared to 26 loans totaling $16.7 million in the same period of 2013. Of these loans extended at below market terms, the weighted average extension had a term of approximately 14 months during the six months ended June 30, 2014 compared to 17 months for the same period of 2013. Further, the weighted average decrease in the stated interest rate for loans with a reduction of interest rate during the period was approximately 167 basis points and 203 basis points during the six months ending June 30, 2014 and 2013, respectively. Interest-only payment terms were approximately nine months and eleven months during the six months ending June 30, 2014 and 2013, respectively. Additionally, no balances were forgiven in the first six months of 2014 compared to $50,000 in balances forgiven during the same period of 2013. | ||||||||||||||||||||||||||||||||||||
The following table presents a summary of all loans restructured in TDRs during the twelve months ended June 30, 2014 and 2013, and such loans which were in payment default under the restructured terms during the respective periods below: | ||||||||||||||||||||||||||||||||||||
(Dollars in thousands) | As of June 30, 2014 | Three Months Ended | Six Months Ended | |||||||||||||||||||||||||||||||||
June 30, 2014 | 30-Jun-14 | |||||||||||||||||||||||||||||||||||
Total (1)(3) | Payments in Default (2)(3) | Payments in Default (2)(3) | ||||||||||||||||||||||||||||||||||
Count | Balance | Count | Balance | Count | Balance | |||||||||||||||||||||||||||||||
Commercial | ||||||||||||||||||||||||||||||||||||
Commercial and industrial | 1 | $ | 88 | — | $ | — | — | $ | — | |||||||||||||||||||||||||||
Commercial real-estate | ||||||||||||||||||||||||||||||||||||
Residential construction | — | — | — | — | — | — | ||||||||||||||||||||||||||||||
Commercial construction | — | — | — | — | — | — | ||||||||||||||||||||||||||||||
Land | 1 | 2,352 | 1 | 2,352 | 1 | 2,352 | ||||||||||||||||||||||||||||||
Office | 2 | 1,345 | — | — | — | — | ||||||||||||||||||||||||||||||
Industrial | 1 | 1,078 | 1 | 1,078 | 1 | 1,078 | ||||||||||||||||||||||||||||||
Retail | 1 | 202 | — | — | — | — | ||||||||||||||||||||||||||||||
Multi-family | 1 | 181 | — | — | — | — | ||||||||||||||||||||||||||||||
Mixed use and other | 11 | 6,436 | 3 | 577 | 3 | 577 | ||||||||||||||||||||||||||||||
Residential real estate and other | 4 | 1,738 | 1 | 169 | 1 | 169 | ||||||||||||||||||||||||||||||
Total loans | 22 | $ | 13,420 | 6 | $ | 4,176 | 6 | $ | 4,176 | |||||||||||||||||||||||||||
-1 | Total TDRs represent all loans restructured in TDRs during the previous twelve months from the date indicated. | |||||||||||||||||||||||||||||||||||
-2 | TDRs considered to be in payment default are over 30 days past-due subsequent to the restructuring. | |||||||||||||||||||||||||||||||||||
-3 | Balances represent the recorded investment in the loan at the time of the restructuring. | |||||||||||||||||||||||||||||||||||
(Dollars in thousands) | As of June 30, 2013 | Three Months Ended | Six Months Ended | |||||||||||||||||||||||||||||||||
June 30, 2013 | 30-Jun-13 | |||||||||||||||||||||||||||||||||||
Total (1)(3) | Payments in Default (2)(3) | Payments in Default (2)(3) | ||||||||||||||||||||||||||||||||||
Count | Balance | Count | Balance | Count | Balance | |||||||||||||||||||||||||||||||
Commercial | ||||||||||||||||||||||||||||||||||||
Commercial and industrial | 11 | $ | 2,136 | 3 | $ | 236 | 3 | $ | 236 | |||||||||||||||||||||||||||
Commercial real-estate | ||||||||||||||||||||||||||||||||||||
Residential construction | 1 | 496 | — | — | — | — | ||||||||||||||||||||||||||||||
Commercial construction | 3 | 6,120 | — | — | — | — | ||||||||||||||||||||||||||||||
Land | 2 | 287 | — | — | — | — | ||||||||||||||||||||||||||||||
Office | 3 | 3,465 | 1 | 1,648 | 1 | 1,648 | ||||||||||||||||||||||||||||||
Industrial | 2 | 1,676 | 1 | 727 | 1 | 727 | ||||||||||||||||||||||||||||||
Retail | 4 | 5,085 | — | — | — | — | ||||||||||||||||||||||||||||||
Multi-family | 2 | 1,085 | 1 | 705 | 1 | 705 | ||||||||||||||||||||||||||||||
Mixed use and other | 11 | 7,230 | 3 | 683 | 3 | 683 | ||||||||||||||||||||||||||||||
Residential real estate and other | 12 | 1,341 | 5 | 563 | 5 | 563 | ||||||||||||||||||||||||||||||
Total loans | 51 | $ | 28,921 | 14 | $ | 4,562 | 14 | $ | 4,562 | |||||||||||||||||||||||||||
-1 | Total TDRs represent all loans restructured in TDRs during the previous twelve months from the date indicated. | |||||||||||||||||||||||||||||||||||
-2 | TDRs considered to be in payment default are over 30 days past-due subsequent to the restructuring. | |||||||||||||||||||||||||||||||||||
-3 | Balances represent the recorded investment in the loan at the time of the restructuring. |
Goodwill_and_Other_Intangible_
Goodwill and Other Intangible Assets | 6 Months Ended | |||||||||||||||||||
Jun. 30, 2014 | ||||||||||||||||||||
Goodwill and Intangible Assets Disclosure [Abstract] | ' | |||||||||||||||||||
Goodwill and Other Intangible Assets | ' | |||||||||||||||||||
Goodwill and Other Intangible Assets | ||||||||||||||||||||
A summary of the Company’s goodwill assets by business segment is presented in the following table: | ||||||||||||||||||||
(Dollars in thousands) | January 1, | Goodwill | Impairment | Goodwill Adjustments | June 30, | |||||||||||||||
2014 | Acquired | Loss | 2014 | |||||||||||||||||
Community banking | $ | 305,313 | $ | 600 | $ | — | $ | — | $ | 305,913 | ||||||||||
Specialty finance | 37,370 | 6,435 | — | 139 | 43,944 | |||||||||||||||
Wealth management | 31,864 | — | — | — | 31,864 | |||||||||||||||
Total | $ | 374,547 | $ | 7,035 | $ | — | $ | 139 | $ | 381,721 | ||||||||||
The community banking segment's goodwill increased $600,000 in 2014 as a result of the acquisition of the Stone Park branch office and certain related deposits of Urban Partnership Bank in the second quarter of 2014. The specialty finance segment’s goodwill increased $6.6 million in 2014 as a result of the acquisitions of Policy Billing Services Inc. and Equity Premium Finance Inc. during the second quarter of 2014 and foreign currency translation adjustments related to previous Canadian acquisitions. | ||||||||||||||||||||
At June 30, 2014, the Company utilized a quantitative approach for its annual goodwill impairment test of the community banking segment and determined that it is not more likely than not that an impairment existed at that time. The annual goodwill impairment tests of the specialty finance and wealth management segments will be conducted at December 31, 2014. | ||||||||||||||||||||
A summary of finite-lived intangible assets as of the dates shown and the expected amortization as of June 30, 2014 is as follows: | ||||||||||||||||||||
(Dollars in thousands) | June 30, | 31-Dec-13 | June 30, | |||||||||||||||||
2014 | 2013 | |||||||||||||||||||
Community banking segment: | ||||||||||||||||||||
Core deposit intangibles: | ||||||||||||||||||||
Gross carrying amount | $ | 40,770 | $ | 40,770 | $ | 39,350 | ||||||||||||||
Accumulated amortization | (31,223 | ) | (29,189 | ) | (27,132 | ) | ||||||||||||||
Net carrying amount | $ | 9,547 | $ | 11,581 | $ | 12,218 | ||||||||||||||
Specialty finance segment: | ||||||||||||||||||||
Customer list intangibles: | ||||||||||||||||||||
Gross carrying amount | $ | 1,800 | $ | 1,800 | $ | 1,800 | ||||||||||||||
Accumulated amortization | (878 | ) | (805 | ) | (731 | ) | ||||||||||||||
Net carrying amount | $ | 922 | $ | 995 | $ | 1,069 | ||||||||||||||
Wealth management segment: | ||||||||||||||||||||
Customer list and other intangibles: | ||||||||||||||||||||
Gross carrying amount | $ | 7,690 | $ | 7,690 | $ | 7,690 | ||||||||||||||
Accumulated amortization | (1,265 | ) | (1,053 | ) | (840 | ) | ||||||||||||||
Net carrying amount | $ | 6,425 | $ | 6,637 | $ | 6,850 | ||||||||||||||
Total other intangible assets, net | $ | 16,894 | $ | 19,213 | $ | 20,137 | ||||||||||||||
Estimated amortization | ||||||||||||||||||||
Actual in six months ended June 30, 2014 | $ | 2,319 | ||||||||||||||||||
Estimated remaining in 2014 | 2,051 | |||||||||||||||||||
Estimated—2015 | 2,791 | |||||||||||||||||||
Estimated—2016 | 2,180 | |||||||||||||||||||
Estimated—2017 | 1,764 | |||||||||||||||||||
Estimated—2018 | 1,544 | |||||||||||||||||||
The core deposit intangibles recognized in connection with prior bank acquisitions are amortized over a ten-year period on an accelerated basis. The customer list intangibles recognized in connection with the purchase of life insurance premium finance assets in 2009 are being amortized over an 18-year period on an accelerated basis while the customer list intangibles recognized in connection with prior acquisitions within the wealth management segment are being amortized over a ten-year period on a straight-line basis. | ||||||||||||||||||||
Total amortization expense associated with finite-lived intangibles totaled approximately $2.3 million for the six months ended June 30, 2014 and 2013. |
Deposits
Deposits | 6 Months Ended | |||||||||||
Jun. 30, 2014 | ||||||||||||
Deposits [Abstract] | ' | |||||||||||
Deposits | ' | |||||||||||
Deposits | ||||||||||||
The following table is a summary of deposits as of the dates shown: | ||||||||||||
(Dollars in thousands) | June 30, | December 31, 2013 | June 30, | |||||||||
2014 | 2013 | |||||||||||
Balance: | ||||||||||||
Non-interest bearing | $ | 3,072,430 | $ | 2,721,771 | $ | 2,450,659 | ||||||
NOW | 2,002,868 | 1,953,882 | 2,147,004 | |||||||||
Wealth management deposits | 1,220,102 | 1,013,850 | 1,083,897 | |||||||||
Money market | 3,591,540 | 3,359,999 | 3,037,354 | |||||||||
Savings | 1,427,222 | 1,392,575 | 1,304,619 | |||||||||
Time certificates of deposit | 4,242,214 | 4,226,712 | 4,342,321 | |||||||||
Total deposits | $ | 15,556,376 | $ | 14,668,789 | $ | 14,365,854 | ||||||
Mix: | ||||||||||||
Non-interest bearing | 20 | % | 19 | % | 17 | % | ||||||
NOW | 13 | 13 | 15 | |||||||||
Wealth management deposits | 8 | 7 | 8 | |||||||||
Money market | 23 | 23 | 21 | |||||||||
Savings | 9 | 9 | 9 | |||||||||
Time certificates of deposit | 27 | 29 | 30 | |||||||||
Total deposits | 100 | % | 100 | % | 100 | % | ||||||
Wealth management deposits represent deposit balances (primarily money market accounts) at the Company’s subsidiary banks from brokerage customers of Wayne Hummer Investments, trust and asset management customers of CTC and brokerage customers from unaffiliated companies. |
Notes_Payable_Federal_Home_Loa
Notes Payable, Federal Home Loan Bank Advances, Other Borrowings and Subordinated Notes | 6 Months Ended | |||||||||||
Jun. 30, 2014 | ||||||||||||
Debt Disclosure [Abstract] | ' | |||||||||||
Notes Payable, Federal Home Loan Bank Advances, Other Borrowings and Subordinated Notes | ' | |||||||||||
Notes Payable, Federal Home Loan Bank Advances, Other Borrowings and Subordinated Notes | ||||||||||||
The following table is a summary of notes payable, Federal Home Loan Bank advances, other borrowings and subordinated notes as of the dates shown: | ||||||||||||
(Dollars in thousands) | June 30, | 31-Dec-13 | June 30, | |||||||||
2014 | 2013 | |||||||||||
Notes payable | $ | — | $ | 364 | $ | 1,729 | ||||||
Federal Home Loan Bank advances | 580,582 | 417,762 | 585,942 | |||||||||
Other borrowings: | ||||||||||||
Securities sold under repurchase agreements | 24,633 | 235,347 | 224,915 | |||||||||
Other | 19,083 | 19,393 | 27,861 | |||||||||
Total other borrowings | 43,716 | 254,740 | 252,776 | |||||||||
Subordinated notes | 140,000 | — | 10,000 | |||||||||
Total notes payable, Federal Home Loan Bank advances, other borrowings and subordinated notes | $ | 764,298 | $ | 672,866 | $ | 850,447 | ||||||
At June 30, 2014, the Company had no notes payable outstanding compared to $364,000 outstanding at December 31, 2013 and $1.7 million outstanding at June 30, 2013. In prior periods, notes payable represented an unsecured promissory note to a Great Lakes Advisor shareholder ("Unsecured Promissory Note") assumed by the Company as a result of the respective acquisition in 2013 and a loan agreement ("Agreement") with unaffiliated banks. Under the Unsecured Promissory Note, the Company made quarterly principal payments and paid interest at a rate of the federal funds rate plus 100 basis points. In the second quarter of 2014, the remaining balance of the Unsecured Promissory Note was paid off. At December 31, 2013 and June 30, 2013, this Unsecured Promissory Note had an outstanding balance of $364,000 and $729,000, respectively. | ||||||||||||
Additionally, the Company previously had a $101.0 million loan agreement with unaffiliated banks. The Agreement consisted of a $100.0 million revolving credit facility, maturing on October 25, 2013, and a $1.0 million term loan maturing on June 1, 2015. The Agreement was amended in 2013, effectively extending the maturity date on the revolving credit facility from October 25, 2013 to November 6, 2014. The Company repaid and terminated its $1.0 million term loan at that time. At June 30, 2014 and December 31, 2013, no amount was outstanding on the $100.0 million revolving credit facility compared to $1.0 million of the term loan outstanding at June 30, 2013. Borrowings under the Agreement that are considered “Base Rate Loans” will bear interest at a rate equal to the higher of (1) 350 basis points and (2) for the applicable period, the highest of (a) the federal funds rate plus 100 basis points, (b) the lender’s prime rate plus 50 basis points, and (c) the Eurodollar Rate (as defined below) that would be applicable for an interest period of one month plus 150 basis points. Borrowings under the Agreement that are considered “Eurodollar Rate Loans” will bear interest at a rate equal to the higher of (1) the British Bankers Association’s LIBOR rate for the applicable period plus 250 basis points (the “Eurodollar Rate”) and (2) 350 basis points. A commitment fee is payable quarterly equal to 0.375% of the actual daily amount by which the lenders’ commitment under the revolving note exceeded the amount outstanding under such facility. | ||||||||||||
Borrowings under the Agreement are secured by the stock of some of the banks and contain several restrictive covenants, including the maintenance of various capital adequacy levels, asset quality and profitability ratios, and certain restrictions on dividends and other indebtedness. At June 30, 2014, the Company was in compliance with all such covenants. The revolving credit facility is available to be utilized, as needed, to provide capital to fund continued growth at the Company’s banks and to serve as an interim source of funds for acquisitions, common stock repurchases or other general corporate purposes. | ||||||||||||
Federal Home Loan Bank advances consist of obligations of the banks and are collateralized by qualifying residential real-estate and home equity loans and certain securities. FHLB advances are stated at par value of the debt adjusted for unamortized fair value adjustments recorded in connection with advances acquired through acquisitions. | ||||||||||||
At June 30, 2014, December 31, 2013 and June 30, 2013, securities sold under repurchase agreements represent $24.6 million, $55.3 million and $44.9 million, respectively, of customer sweep accounts in connection with master repurchase agreements at the banks, and $180.0 million of short-term borrowings from brokers for the periods ending December 31, 2013 and June 30, 2013. During the second quarter of 2014, the Company paid off the $180.0 million short term borrowings from brokers. The Company records securities sold under repurchase agreements at their gross value and does not offset positions on the Consolidated Statements of Condition. As of June 30, 2014, the Company had pledged securities related to its customer balances in sweep accounts of $51.7 million, which exceeds the outstanding borrowings resulting in no net credit exposure. Securities pledged for customer balances in sweep accounts and short-term borrowings from brokers are maintained under the Company’s control and consist of U.S. Government agency, mortgage-backed and corporate securities. These securities are included in the available-for-sale securities portfolio as reflected on the Company’s Consolidated Statements of Condition. | ||||||||||||
Other borrowings at June 30, 2014 represent a fixed-rate promissory note issued by the Company in August 2012 ("Fixed-rate Promissory Note") related to and secured by an office building owned by the Company. At June 30, 2014, the Fixed-rate Promissory Note had an outstanding balance of $19.1 million. Under the Fixed-rate Promissory Note, the Company will make monthly principal payments and pay interest at a fixed rate of 3.75% until maturity on September 1, 2017. | ||||||||||||
Junior subordinated amortizing notes issued by the Company in connection with the issuance of the TEU's in December 2010 were paid off in 2013. At issuance, the junior subordinated notes were recorded at their initial principal balance of $44.7 million, net of issuance costs. These notes had a stated interest rate of 9.5% and required quarterly principal and interest payments of $4.3 million, with an initial payment of $4.6 million that was paid on March 15, 2011. The issuance costs were amortized to interest expense using the effective-interest method. The scheduled final installment payment on the notes was December 15, 2013. See Note 16 – Shareholders’ Equity and Earnings Per Share for further discussion of the TEUs. | ||||||||||||
At June 30, 2014, the Company had outstanding subordinated notes totaling $140.0 million. During the second quarter of 2014, the Company issued $140.0 million of subordinated notes receiving $139.1 million in net proceeds. The notes have a stated interest rate of 5.00% and mature in June 2024. At December 31, 2013, the Company had no outstanding subordinated notes and at June 30, 2013, the Company had an obligation for one note issued in October 2005 with a remaining balance of $10.0 million and a maturity in May 2015. In November 2013, this note with the remaining balance of $10.0 million was paid-off prior to maturity. Interest on this note was calculated at a rate equal to three-month LIBOR plus 130 basis points. |
Junior_Subordinated_Debentures
Junior Subordinated Debentures | 6 Months Ended | ||||||||||||||||||||||
Jun. 30, 2014 | |||||||||||||||||||||||
Junior Subordinated Debenture Owed to Unconsolidated Subsidiary Trust [Abstract] | ' | ||||||||||||||||||||||
Junior Subordinated Debentures | ' | ||||||||||||||||||||||
Junior Subordinated Debentures | |||||||||||||||||||||||
As of June 30, 2014, the Company owned 100% of the common securities of nine trusts, Wintrust Capital Trust III, Wintrust Statutory Trust IV, Wintrust Statutory Trust V, Wintrust Capital Trust VII, Wintrust Capital Trust VIII, Wintrust Capital Trust IX, Northview Capital Trust I, Town Bankshares Capital Trust I, and First Northwest Capital Trust I (the “Trusts”) set up to provide long-term financing. The Northview, Town and First Northwest capital trusts were acquired as part of the acquisitions of Northview Financial Corporation, Town Bankshares, Ltd., and First Northwest Bancorp, Inc., respectively. The Trusts were formed for purposes of issuing trust preferred securities to third-party investors and investing the proceeds from the issuance of the trust preferred securities and common securities solely in junior subordinated debentures issued by the Company (or assumed by the Company in connection with an acquisition), with the same maturities and interest rates as the trust preferred securities. The junior subordinated debentures are the sole assets of the Trusts. In each Trust, the common securities represent approximately 3% of the junior subordinated debentures and the trust preferred securities represent approximately 97% of the junior subordinated debentures. | |||||||||||||||||||||||
The Trusts are reported in the Company’s consolidated financial statements as unconsolidated subsidiaries. Accordingly, in the Consolidated Statements of Condition, the junior subordinated debentures issued by the Company to the Trusts are reported as liabilities and the common securities of the Trusts, all of which are owned by the Company, are included in available-for-sale securities. | |||||||||||||||||||||||
The following table provides a summary of the Company’s junior subordinated debentures as of June 30, 2014. The junior subordinated debentures represent the par value of the obligations owed to the Trusts. | |||||||||||||||||||||||
(Dollars in thousands) | Common | Trust | Junior | Rate | Contractual rate | Issue | Maturity | Earliest | |||||||||||||||
Securities | Preferred | Subordinated | Structure | at 6/30/2014 | Date | Date | Redemption | ||||||||||||||||
Securities | Debentures | Date | |||||||||||||||||||||
Wintrust Capital Trust III | $ | 774 | $ | 25,000 | $ | 25,774 | L+3.25 | 3.48 | % | Apr-03 | Apr-33 | Apr-08 | |||||||||||
Wintrust Statutory Trust IV | 619 | 20,000 | 20,619 | L+2.80 | 3.03 | % | Dec-03 | Dec-33 | Dec-08 | ||||||||||||||
Wintrust Statutory Trust V | 1,238 | 40,000 | 41,238 | L+2.60 | 2.83 | % | May-04 | May-34 | Jun-09 | ||||||||||||||
Wintrust Capital Trust VII | 1,550 | 50,000 | 51,550 | L+1.95 | 2.18 | % | Dec-04 | Mar-35 | Mar-10 | ||||||||||||||
Wintrust Capital Trust VIII | 1,238 | 40,000 | 41,238 | L+1.45 | 1.68 | % | Aug-05 | Sep-35 | Sep-10 | ||||||||||||||
Wintrust Captial Trust IX | 1,547 | 50,000 | 51,547 | L+1.63 | 1.86 | % | Sep-06 | Sep-36 | Sep-11 | ||||||||||||||
Northview Capital Trust I | 186 | 6,000 | 6,186 | L+3.00 | 3.23 | % | Aug-03 | Nov-33 | Aug-08 | ||||||||||||||
Town Bankshares Capital Trust I | 186 | 6,000 | 6,186 | L+3.00 | 3.23 | % | Aug-03 | Nov-33 | Aug-08 | ||||||||||||||
First Northwest Capital Trust I | 155 | 5,000 | 5,155 | L+3.00 | 3.23 | % | May-04 | May-34 | May-09 | ||||||||||||||
Total | $ | 249,493 | 2.42 | % | |||||||||||||||||||
The junior subordinated debentures totaled $249.5 million at June 30, 2014, December 31, 2013 and June 30, 2013. | |||||||||||||||||||||||
The interest rates on the variable rate junior subordinated debentures are based on the three-month LIBOR rate and reset on a quarterly basis. At June 30, 2014, the weighted average contractual interest rate on the junior subordinated debentures was 2.42%. The Company entered into interest rate swaps and caps with an aggregate notional value of $225 million to hedge the variable cash flows on certain junior subordinated debentures. Two of these interest rate caps, which were purchased in 2013 with an aggregate notional amount of $90 million, replaced two interest rate swaps that matured in September 2013. The hedge-adjusted rate on the junior subordinated debentures as of June 30, 2014, was 3.14%. Distributions on the common and preferred securities issued by the Trusts are payable quarterly at a rate per annum equal to the interest rates being earned by the Trusts on the junior subordinated debentures. Interest expense on the junior subordinated debentures is deductible for income tax purposes. | |||||||||||||||||||||||
The Company has guaranteed the payment of distributions and payments upon liquidation or redemption of the trust preferred securities, in each case to the extent of funds held by the Trusts. The Company and the Trusts believe that, taken together, the obligations of the Company under the guarantees, the junior subordinated debentures, and other related agreements provide, in the aggregate, a full, irrevocable and unconditional guarantee, on a subordinated basis, of all of the obligations of the Trusts under the trust preferred securities. Subject to certain limitations, the Company has the right to defer the payment of interest on the junior subordinated debentures at any time, or from time to time, for a period not to exceed 20 consecutive quarters. The trust preferred securities are subject to mandatory redemption, in whole or in part, upon repayment of the junior subordinated debentures at maturity or their earlier redemption. The junior subordinated debentures are redeemable in whole or in part prior to maturity at any time after the earliest redemption dates shown in the table, and earlier at the discretion of the Company if certain conditions are met, and, in any event, only after the Company has obtained Federal Reserve approval, if then required under applicable guidelines or regulations. | |||||||||||||||||||||||
The junior subordinated debentures, subject to certain limitations, qualify as Tier 1 capital of the Company for regulatory purposes. The amount of junior subordinated debentures and certain other capital elements in excess of those certain limitations could be included in Tier 2 capital, subject to restrictions. At June 30, 2014, all of the junior subordinated debentures, net of the Common Securities, were included in the Company’s Tier 1 regulatory capital. |
Segment_Information
Segment Information | 6 Months Ended | ||||||||||||||
Jun. 30, 2014 | |||||||||||||||
Segment Reporting [Abstract] | ' | ||||||||||||||
Segment Information | ' | ||||||||||||||
Segment Information | |||||||||||||||
The Company’s operations consist of three primary segments: community banking, specialty finance and wealth management. | |||||||||||||||
The three reportable segments are strategic business units that are separately managed as they offer different products and services and have different marketing strategies. In addition, each segment’s customer base has varying characteristics and each segment has a different regulatory environment. While the Company’s management monitors each of the fifteen bank subsidiaries’ operations and profitability separately, these subsidiaries have been aggregated into one reportable operating segment due to the similarities in products and services, customer base, operations, profitability measures, and economic characteristics. | |||||||||||||||
As of December 31, 2013, management made changes in its approach to measure segment profitability. For purposes of internal segment profitability, management allocates certain intersegment and parent company balances. Management allocates a portion of revenues to the specialty finance segment related to loans originated by the specialty finance segment and sold to the community banking segment. Similarly, for purposes of analyzing the contribution from the wealth management segment, management allocates a portion of the net interest income earned by the community banking segment on deposit balances of customers of the wealth management segment to the wealth management segment. See Note 9 — Deposits, for more information on these deposits. Finally, expenses incurred at the Wintrust parent company are allocated to each segment based on each segment's risk-weighted assets. | |||||||||||||||
The segment financial information provided in the following tables has been derived from the internal profitability reporting system used by management to monitor and manage the financial performance of the Company. The accounting policies of the segments are substantially similar to as those described in “Summary of Significant Accounting Policies” in Note 1 of the Company’s 2013 Form 10-K. The Company evaluates segment performance based on after-tax profit or loss and other appropriate profitability measures common to each segment. | |||||||||||||||
The following is a summary of certain operating information for reportable segments: | |||||||||||||||
Three months ended | $ Change in | % Change in | |||||||||||||
(Dollars in thousands) | June 30, | June 30, | Contribution | Contribution | |||||||||||
2014 | 2013 | ||||||||||||||
Net interest income: | |||||||||||||||
Community Banking | $ | 121,228 | $ | 111,366 | $ | 9,862 | 9 | % | |||||||
Specialty Finance | 19,792 | 17,384 | 2,408 | 14 | |||||||||||
Wealth Management | 4,006 | 3,281 | 725 | 22 | |||||||||||
Total Operating Segments | 145,026 | 132,031 | 12,995 | 10 | |||||||||||
Intersegment Eliminations | 4,154 | 3,793 | 361 | 10 | |||||||||||
Consolidated net interest income | $ | 149,180 | $ | 135,824 | $ | 13,356 | 10 | % | |||||||
Non-interest income: | |||||||||||||||
Community Banking | $ | 33,337 | $ | 45,365 | $ | (12,028 | ) | (27 | )% | ||||||
Specialty Finance | 8,455 | 8,193 | 262 | 3 | |||||||||||
Wealth Management | 19,235 | 16,681 | 2,554 | 15 | |||||||||||
Total Operating Segments | 61,027 | 70,239 | (9,212 | ) | (13 | ) | |||||||||
Intersegment Eliminations | (6,925 | ) | (6,244 | ) | (681 | ) | (11 | ) | |||||||
Consolidated non-interest income | $ | 54,102 | $ | 63,995 | $ | (9,893 | ) | (15 | )% | ||||||
Net revenue: | |||||||||||||||
Community Banking | $ | 154,565 | $ | 156,731 | $ | (2,166 | ) | (1 | )% | ||||||
Specialty Finance | 28,247 | 25,577 | 2,670 | 10 | |||||||||||
Wealth Management | 23,241 | 19,962 | 3,279 | 16 | |||||||||||
Total Operating Segments | 206,053 | 202,270 | 3,783 | 2 | |||||||||||
Intersegment Eliminations | (2,771 | ) | (2,451 | ) | (320 | ) | (13 | ) | |||||||
Consolidated net revenue | $ | 203,282 | $ | 199,819 | $ | 3,463 | 2 | % | |||||||
Segment profit: | |||||||||||||||
Community Banking | $ | 24,628 | $ | 21,995 | $ | 2,633 | 12 | % | |||||||
Specialty Finance | 10,302 | 9,692 | 610 | 6 | |||||||||||
Wealth Management | 3,611 | 2,620 | 991 | 38 | |||||||||||
Consolidated net income | $ | 38,541 | $ | 34,307 | $ | 4,234 | 12 | % | |||||||
Segment assets: | |||||||||||||||
Community Banking | $ | 15,669,443 | $ | 14,710,628 | $ | 958,815 | 7 | % | |||||||
Specialty Finance | 2,703,761 | 2,418,208 | 285,553 | 12 | |||||||||||
Wealth Management | 522,477 | 484,710 | 37,767 | 8 | |||||||||||
Consolidated total assets | $ | 18,895,681 | $ | 17,613,546 | $ | 1,282,135 | 7 | % | |||||||
Six months ended | $ Change in | % Change in | |||||||||||||
(Dollars in thousands) | June 30, | June 30, | Contribution | Contribution | |||||||||||
2014 | 2013 | ||||||||||||||
Net interest income: | |||||||||||||||
Community Banking | $ | 237,983 | $ | 217,596 | $ | 20,387 | 9 | % | |||||||
Specialty Finance | 39,004 | 34,866 | 4,138 | 12 | |||||||||||
Wealth Management | 8,105 | 6,728 | 1,377 | 20 | |||||||||||
Total Operating Segments | 285,092 | 259,190 | 25,902 | 10 | |||||||||||
Intersegment Eliminations | 8,094 | 7,347 | 747 | 10 | |||||||||||
Consolidated net interest income | $ | 293,186 | $ | 266,537 | $ | 26,649 | 10 | % | |||||||
Non-interest income: | |||||||||||||||
Community Banking | $ | 60,656 | $ | 85,966 | $ | (25,310 | ) | (29 | )% | ||||||
Specialty Finance | 16,336 | 15,497 | 839 | 5 | |||||||||||
Wealth Management | 36,176 | 32,124 | 4,052 | 13 | |||||||||||
Total Operating Segments | 113,168 | 133,587 | (20,419 | ) | (15 | ) | |||||||||
Intersegment Eliminations | (13,537 | ) | (12,213 | ) | (1,324 | ) | (11 | ) | |||||||
Consolidated non-interest income | $ | 99,631 | $ | 121,374 | $ | (21,743 | ) | (18 | )% | ||||||
Net revenue: | |||||||||||||||
Community Banking | $ | 298,639 | $ | 303,562 | $ | (4,923 | ) | (2 | )% | ||||||
Specialty Finance | 55,340 | 50,363 | 4,977 | 10 | |||||||||||
Wealth Management | 44,281 | 38,852 | 5,429 | 14 | |||||||||||
Total Operating Segments | 398,260 | 392,777 | 5,483 | 1 | |||||||||||
Intersegment Eliminations | (5,443 | ) | (4,866 | ) | (577 | ) | (12 | ) | |||||||
Consolidated net revenue | $ | 392,817 | $ | 387,911 | $ | 4,906 | 1 | % | |||||||
Segment profit: | |||||||||||||||
Community Banking | $ | 47,209 | $ | 42,974 | $ | 4,235 | 10 | % | |||||||
Specialty Finance | 19,284 | 18,321 | 963 | 5 | |||||||||||
Wealth Management | 6,548 | 5,064 | 1,484 | 29 | |||||||||||
Consolidated net income | $ | 73,041 | $ | 66,359 | $ | 6,682 | 10 | % | |||||||
Derivative_Financial_Instrumen
Derivative Financial Instruments | 6 Months Ended | |||||||||||||||||||||||||
Jun. 30, 2014 | ||||||||||||||||||||||||||
Derivative Instruments and Hedging Activities Disclosure [Abstract] | ' | |||||||||||||||||||||||||
Derivative Financial Instruments | ' | |||||||||||||||||||||||||
Derivative Financial Instruments | ||||||||||||||||||||||||||
The Company primarily enters into derivative financial instruments as part of its strategy to manage its exposure to changes in interest rates. Derivative instruments represent contracts between parties that result in one party delivering cash to the other party based on a notional amount and an underlying term (such as a rate, security price or price index) specified in the contract. The amount of cash delivered from one party to the other is determined based on the interaction of the notional amount of the contract with the underlying term. Derivatives are also implicit in certain contracts and commitments. | ||||||||||||||||||||||||||
The derivative financial instruments currently used by the Company to manage its exposure to interest rate risk include: (1) interest rate swaps and caps to manage the interest rate risk of certain fixed and variable rate assets and variable rate liabilities; (2) interest rate lock commitments provided to customers to fund certain mortgage loans to be sold into the secondary market; (3) forward commitments for the future delivery of such mortgage loans to protect the Company from adverse changes in interest rates and corresponding changes in the value of mortgage loans held-for-sale; and (4) covered call options to economically hedge specific investment securities and receive fee income effectively enhancing the overall yield on such securities. The Company also enters into derivatives (typically interest rate swaps) with certain qualified borrowers to facilitate the borrowers’ risk management strategies and concurrently enters into mirror-image derivatives with a third party counterparty, effectively making a market in the derivatives for such borrowers. Additionally, the Company enters into foreign currency contracts to manage foreign exchange risk associated with certain foreign currency denominated assets. | ||||||||||||||||||||||||||
The Company has purchased interest rate cap derivatives to hedge or manage its own risk exposures. Certain interest rate cap derivatives have been designated as cash flow hedge derivatives of the variable cash outflows associated with interest expense on the Company’s junior subordinated debentures and certain deposits. Other cap derivatives are not designated for hedge accounting but are economic hedges of the Company's overall portfolio, therefore any mark to market changes in the value of these caps are recognized in earnings. | ||||||||||||||||||||||||||
Below is a summary of the interest rate cap derivatives held by the Company as of June 30, 2014: | ||||||||||||||||||||||||||
(Dollars in thousands) | ||||||||||||||||||||||||||
Notional | Accounting | Fair Value as of | ||||||||||||||||||||||||
Effective Date | Maturity Date | Amount | Treatment | 30-Jun-14 | ||||||||||||||||||||||
30-Sep-11 | 30-Sep-14 | $ | 20,000 | Cash Flow Hedging | $ | — | ||||||||||||||||||||
30-Sep-11 | 30-Sep-14 | 40,000 | Cash Flow Hedging | — | ||||||||||||||||||||||
3-May-12 | 3-May-15 | 77,000 | Non-Hedge Designated | — | ||||||||||||||||||||||
3-May-12 | 3-May-16 | 215,000 | Non-Hedge Designated | 172 | ||||||||||||||||||||||
1-Jun-12 | 1-Apr-15 | 96,530 | Non-Hedge Designated | — | ||||||||||||||||||||||
29-Aug-12 | 29-Aug-16 | 216,500 | Cash Flow Hedging | 389 | ||||||||||||||||||||||
22-Feb-13 | 22-Aug-16 | 56,500 | Non-Hedge Designated | 134 | ||||||||||||||||||||||
22-Feb-13 | 22-Aug-16 | 43,500 | Cash Flow Hedging | 103 | ||||||||||||||||||||||
21-Mar-13 | 21-Mar-17 | 100,000 | Non-Hedge Designated | 686 | ||||||||||||||||||||||
16-May-13 | 16-Nov-16 | 75,000 | Non-Hedge Designated | 288 | ||||||||||||||||||||||
15-Sep-13 | 15-Sep-17 | 50,000 | Cash Flow Hedging | 637 | ||||||||||||||||||||||
30-Sep-13 | 30-Sep-17 | 40,000 | Cash Flow Hedging | 534 | ||||||||||||||||||||||
$ | 1,030,030 | $ | 2,943 | |||||||||||||||||||||||
The Company recognizes derivative financial instruments in the consolidated financial statements at fair value regardless of the purpose or intent for holding the instrument. The Company records derivative assets and derivative liabilities on the Consolidated Statements of Condition within accrued interest receivable and other assets and accrued interest payable and other liabilities, respectively. Changes in the fair value of derivative financial instruments are either recognized in income or in shareholders’ equity as a component of other comprehensive income depending on whether the derivative financial instrument qualifies for hedge accounting and, if so, whether it qualifies as a fair value hedge or cash flow hedge. Generally, changes in fair values of derivatives accounted for as fair value hedges are recorded in income in the same period and in the same income statement line as changes in the fair values of the hedged items that relate to the hedged risk(s). Changes in fair values of derivative financial instruments accounted for as cash flow hedges, to the extent they are effective hedges, are recorded as a component of other comprehensive income, net of deferred taxes, and reclassified to earnings when the hedged transaction affects earnings. Changes in fair values of derivative financial instruments not designated in a hedging relationship pursuant to ASC 815, including changes in fair value related to the ineffective portion of cash flow hedges, are reported in non-interest income during the period of the change. Derivative financial instruments are valued by a third party and are corroborated through comparison with valuations provided by the respective counterparties. Fair values of certain mortgage banking derivatives (interest rate lock commitments and forward commitments to sell mortgage loans) are estimated based on changes in mortgage interest rates from the date of the loan commitment. The fair value of foreign currency derivatives is computed based on changes in foreign currency rates stated in the contract compared to those prevailing at the measurement date. | ||||||||||||||||||||||||||
The table below presents the fair value of the Company’s derivative financial instruments as of June 30, 2014, December 31, 2013 and June 30, 2013: | ||||||||||||||||||||||||||
Derivative Assets | Derivative Liabilities | |||||||||||||||||||||||||
Fair Value | Fair Value | |||||||||||||||||||||||||
(Dollars in thousands) | June 30, | 31-Dec-13 | June 30, | June 30, | 31-Dec-13 | June 30, | ||||||||||||||||||||
2014 | 2013 | 2014 | 2013 | |||||||||||||||||||||||
Derivatives designated as hedging instruments under ASC 815: | ||||||||||||||||||||||||||
Interest rate derivatives designated as Cash Flow Hedges | $ | 1,663 | $ | 1,776 | $ | 2,146 | $ | 2,727 | $ | 3,160 | $ | 4,416 | ||||||||||||||
Interest rate derivatives designated as Fair Value Hedges | 65 | 107 | 94 | 3 | 1 | — | ||||||||||||||||||||
Total derivatives designated as hedging instruments under ASC 815 | $ | 1,728 | $ | 1,883 | $ | 2,240 | $ | 2,730 | $ | 3,161 | $ | 4,416 | ||||||||||||||
Derivatives not designated as hedging instruments under ASC 815: | ||||||||||||||||||||||||||
Interest rate derivatives | $ | 35,733 | $ | 36,073 | $ | 35,878 | $ | 34,003 | $ | 31,646 | $ | 29,372 | ||||||||||||||
Interest rate lock commitments | 13,479 | 7,500 | 14,579 | 9 | 147 | 3,208 | ||||||||||||||||||||
Forward commitments to sell mortgage loans | 27 | 2,761 | 7,835 | 6,901 | 2,310 | 583 | ||||||||||||||||||||
Foreign exchange contracts | — | 4 | 22 | 7 | — | 75 | ||||||||||||||||||||
Total derivatives not designated as hedging instruments under ASC 815 | $ | 49,239 | $ | 46,338 | $ | 58,314 | $ | 40,920 | $ | 34,103 | $ | 33,238 | ||||||||||||||
Total derivatives | $ | 50,967 | $ | 48,221 | $ | 60,554 | $ | 43,650 | $ | 37,264 | $ | 37,654 | ||||||||||||||
Cash Flow Hedges of Interest Rate Risk | ||||||||||||||||||||||||||
The Company’s objectives in using interest rate derivatives are to add stability to net interest income and to manage its exposure to interest rate movements. To accomplish these objectives, the Company primarily uses interest rate swaps and interest rate caps as part of its interest rate risk management strategy. Interest rate swaps designated as cash flow hedges involve the receipt of variable-rate amounts from a counterparty in exchange for the Company making fixed-rate payments over the life of the agreements without the exchange of the underlying notional amount. Interest rate caps designated as cash flow hedges involve the receipt of payments at the end of each period in which the interest rate specified in the contract exceeds the agreed upon strike price. | ||||||||||||||||||||||||||
During the first quarter of 2014, the Company designated two existing interest rate cap derivatives as cash flow hedges of variable rate deposits. The cap derivatives had notional amounts of $216.5 million and $43.5 million, respectively, both maturing in August 2016. Additionally, as of June 30, 2014, the Company had two interest rate swaps and four interest rate caps designated as hedges of the variable cash outflows associated with interest expense on the Company’s junior subordinated debentures. The effective portion of changes in the fair value of these cash flow hedges is recorded in accumulated other comprehensive income and is subsequently reclassified to interest expense as interest payments are made on the Company’s variable rate junior subordinated debentures. The changes in fair value (net of tax) are separately disclosed in the Consolidated Statements of Comprehensive Income. The ineffective portion of the change in fair value of these derivatives is recognized directly in earnings; however, no hedge ineffectiveness was recognized during the six months ended June 30, 2014 or June 30, 2013. The Company uses the hypothetical derivative method to assess and measure hedge effectiveness. | ||||||||||||||||||||||||||
The table below provides details on each of these cash flow hedges as of June 30, 2014: | ||||||||||||||||||||||||||
30-Jun-14 | ||||||||||||||||||||||||||
(Dollars in thousands) | Notional | Fair Value | ||||||||||||||||||||||||
Maturity Date | Amount | Asset (Liability) | ||||||||||||||||||||||||
Interest Rate Swaps: | ||||||||||||||||||||||||||
Sep-16 | 50,000 | (1,795 | ) | |||||||||||||||||||||||
Oct-16 | 25,000 | (932 | ) | |||||||||||||||||||||||
Total Interest Rate Swaps | 75,000 | (2,727 | ) | |||||||||||||||||||||||
Interest Rate Caps: | ||||||||||||||||||||||||||
Sep-14 | 20,000 | — | ||||||||||||||||||||||||
Sep-14 | 40,000 | — | ||||||||||||||||||||||||
Aug-16 | 43,500 | 103 | ||||||||||||||||||||||||
Aug-16 | 216,500 | 389 | ||||||||||||||||||||||||
Sep-17 | 50,000 | 637 | ||||||||||||||||||||||||
Sep-17 | 40,000 | 534 | ||||||||||||||||||||||||
Total Interest Rate Caps | 410,000 | 1,663 | ||||||||||||||||||||||||
Total Cash Flow Hedges | $ | 485,000 | $ | (1,064 | ) | |||||||||||||||||||||
A rollforward of the amounts in accumulated other comprehensive loss related to interest rate derivatives designated as cash flow hedges follows: | ||||||||||||||||||||||||||
Three months ended | Six months ended | |||||||||||||||||||||||||
(Dollars in thousands) | June 30, | June 30, | June 30, | June 30, | ||||||||||||||||||||||
2014 | 2013 | 2014 | 2013 | |||||||||||||||||||||||
Unrealized loss at beginning of period | $ | (4,069 | ) | $ | (7,199 | ) | $ | (3,971 | ) | $ | (8,673 | ) | ||||||||||||||
Amount reclassified from accumulated other comprehensive loss to interest expense on junior subordinated debentures | 521 | 1,583 | 1,014 | 3,122 | ||||||||||||||||||||||
Amount of (loss)/gain recognized in other comprehensive income | (1,147 | ) | 586 | (1,738 | ) | 521 | ||||||||||||||||||||
Unrealized loss at end of period | $ | (4,695 | ) | $ | (5,030 | ) | $ | (4,695 | ) | $ | (5,030 | ) | ||||||||||||||
As of June 30, 2014, the Company estimates that during the next twelve months, $1.8 million will be reclassified from accumulated other comprehensive loss as an increase to interest expense. | ||||||||||||||||||||||||||
Fair Value Hedges of Interest Rate Risk | ||||||||||||||||||||||||||
Interest rate swaps designated as fair value hedges involve the payment of fixed amounts to a counterparty in exchange for the Company receiving variable payments over the life of the agreements without the exchange of the underlying notional amount. As of June 30, 2014, the Company has three interest rate swaps with an aggregate notional amount of $5.5 million that were designated as fair value hedges associated with fixed rate commercial franchise loans. | ||||||||||||||||||||||||||
For derivatives designated and that qualify as fair value hedges, the gain or loss on the derivative as well as the offsetting loss or gain on the hedged item attributable to the hedged risk are recognized in earnings. The Company includes the gain or loss on the hedged item in the same line item as the offsetting loss or gain on the related derivatives. The Company recognized a net loss of $1,000 and a net gain of $10,000 in other income related to hedge ineffectiveness for the three months ended June 30, 2014 and 2013, respectively. and a net loss of $3,000 and a net gain of $9,000 for the respective year-to-date periods. The Company also recognized a net decrease in interest income of $10,000 and a net increase in interest income of $7,000 for the respective three month periods ended June 30, 2014 and 2013 related to net settlements on the derivatives. On a year-to-date basis, the Company recognized a net decrease in interest income of $20,000 and a net increase in interest income of $5,000 for the respective six month periods ended June 30, 2014 and 2013 related to net settlements on the derivatives. | ||||||||||||||||||||||||||
On June 1, 2013, the Company de-designated a $96.5 million cap which was previously designated as a fair value hedge of interest rate risk associated with an embedded cap in one of the Company’s floating rate loans. The hedged loan was restructured which resulted in the interest rate cap no longer qualifying as an effective fair value hedge. As such, the interest rate cap derivative is no longer accounted for under hedge accounting and all changes in value subsequent to June 1, 2013 are recorded in earnings. Additionally, the Company recorded amortization of the basis in the previously hedged item as a reduction to interest income of $43,000 and $86,000 in the three and six month periods ended June 30, 2014, respectively. | ||||||||||||||||||||||||||
The following table presents the gain/(loss) and hedge ineffectiveness recognized on derivative instruments and the related hedged items that are designated as a fair value hedge accounting relationship as of June 30, 2014 and 2013: | ||||||||||||||||||||||||||
(Dollars in thousands) | Location of Gain/(Loss) | Amount of Gain/(Loss) Recognized | Amount of Gain/(Loss) Recognized | Income Statement Gain/ | ||||||||||||||||||||||
Recognized in Income on | in Income on Derivative | in Income on Hedged Item | (Loss) due to Hedge | |||||||||||||||||||||||
Derivative | Three Months Ended | Three Months Ended | Ineffectiveness | |||||||||||||||||||||||
Three Months Ended | ||||||||||||||||||||||||||
Derivatives in Fair Value | ||||||||||||||||||||||||||
Hedging Relationships | June 30, | June 30, | June 30, | June 30, | June 30, | June 30, | ||||||||||||||||||||
2014 | 2013 | 2014 | 2013 | 2014 | 2013 | |||||||||||||||||||||
Interest rate products | Trading (losses)/gains, net | $ | (26 | ) | $ | 67 | $ | 25 | $ | (57 | ) | $ | (1 | ) | $ | 10 | ||||||||||
(Dollars in thousands) | Location of Gain/(Loss) | Amount of Gain/(Loss) Recognized | Amount of Gain/(Loss) Recognized | Income Statement Gain/ | ||||||||||||||||||||||
Recognized in Income on | in Income on Derivative | in Income on Hedged Item | (Loss) due to Hedge | |||||||||||||||||||||||
Derivative | Six Months Ended | Six Months Ended | Ineffectiveness | |||||||||||||||||||||||
Six Months Ended | ||||||||||||||||||||||||||
Derivatives in Fair Value | ||||||||||||||||||||||||||
Hedging Relationships | June 30, | June 30, | June 30, | June 30, | June 30, | June 30, | ||||||||||||||||||||
2014 | 2013 | 2014 | 2013 | 2014 | 2013 | |||||||||||||||||||||
Interest rate products | Trading (losses)/gains, net | $ | (43 | ) | $ | 56 | $ | 40 | $ | (47 | ) | $ | (3 | ) | $ | 9 | ||||||||||
Non-Designated Hedges | ||||||||||||||||||||||||||
The Company does not use derivatives for speculative purposes. Derivatives not designated as hedges are used to manage the Company’s exposure to interest rate movements and other identified risks but do not meet the strict hedge accounting requirements of ASC 815. Changes in the fair value of derivatives not designated in hedging relationships are recorded directly in earnings. | ||||||||||||||||||||||||||
Interest Rate Derivatives—The Company has interest rate derivatives, including swaps and option products, resulting from a service the Company provides to certain qualified borrowers. The Company’s banking subsidiaries execute certain derivative products (typically interest rate swaps) directly with qualified commercial borrowers to facilitate their respective risk management strategies. For example, these arrangements allow the Company’s commercial borrowers to effectively convert a variable rate loan to a fixed rate. In order to minimize the Company’s exposure on these transactions, the Company simultaneously executes offsetting derivatives with third parties. In most cases, the offsetting derivatives have mirror-image terms, which result in the positions’ changes in fair value substantially offsetting through earnings each period. However, to the extent that the derivatives are not a mirror-image and because of differences in counterparty credit risk, changes in fair value will not completely offset resulting in some earnings impact each period. Changes in the fair value of these derivatives are included in non-interest income. At June 30, 2014, the Company had interest rate derivative transactions with an aggregate notional amount of approximately $2.9 billion (all interest rate swaps and caps with customers and third parties) related to this program. These interest rate derivatives had maturity dates ranging from July 2014 to January 2033. | ||||||||||||||||||||||||||
Mortgage Banking Derivatives—These derivatives include interest rate lock commitments provided to customers to fund certain mortgage loans to be sold into the secondary market and forward commitments for the future delivery of such loans. It is the Company’s practice to enter into forward commitments for the future delivery of a portion of our residential mortgage loan production when interest rate lock commitments are entered into in order to economically hedge the effect of future changes in interest rates on its commitments to fund the loans as well as on its portfolio of mortgage loans held-for-sale. The Company’s mortgage banking derivatives have not been designated as being in hedge relationships. At June 30, 2014, the Company had forward commitments to sell mortgage loans with an aggregate notional amount of approximately $620.5 million and interest rate lock commitments with an aggregate notional amount of approximately $406.0 million. Additionally, the Company’s total mortgage loans held-for-sale at June 30, 2014 was $363.6 million. The fair values of these derivatives were estimated based on changes in mortgage rates from the dates of the commitments. Changes in the fair value of these mortgage banking derivatives are included in mortgage banking revenue. | ||||||||||||||||||||||||||
Foreign Currency Derivatives—These derivatives include foreign currency contracts used to manage the foreign exchange risk associated with foreign currency denominated assets and transactions. Foreign currency contracts, which include spot and forward contracts, represent agreements to exchange the currency of one country for the currency of another country at an agreed-upon price on an agreed-upon settlement date. As a result of fluctuations in foreign currencies, the U.S. dollar-equivalent value of the foreign currency denominated assets or forecasted transactions increase or decrease. Gains or losses on the derivative instruments related to these foreign currency denominated assets or forecasted transactions are expected to substantially offset this variability. As of June 30, 2014 the Company held foreign currency derivatives with an aggregate notional amount of approximately $1.2 million. | ||||||||||||||||||||||||||
Other Derivatives—Periodically, the Company will sell options to a bank or dealer for the right to purchase certain securities held within the banks’ investment portfolios (covered call options). These option transactions are designed primarily as an economic hedge to increase the total return associated with the investment securities portfolio. These options do not qualify as hedges pursuant to ASC 815, and, accordingly, changes in fair value of these contracts are recognized in non-interest income. There were no covered call options outstanding as of June 30, 2014, December 31, 2013 or June 30, 2013. | ||||||||||||||||||||||||||
As discussed above, the Company has entered into interest rate cap derivatives to protect the Company in a rising rate environment against increased margin compression due to the repricing of variable rate liabilities and lack of repricing of fixed rate loans and/or securities. As of June 30, 2014, the Company held six interest rate cap derivative contracts, which are not designated in hedge relationships, with an aggregate notional value of $620.0 million. | ||||||||||||||||||||||||||
Amounts included in the Consolidated Statements of Income related to derivative instruments not designated in hedge relationships were as follows: | ||||||||||||||||||||||||||
(Dollars in thousands) | Three Months Ended | Six Months Ended | ||||||||||||||||||||||||
Derivative | Location in income statement | June 30, | June 30, | June 30, | June 30, | |||||||||||||||||||||
2014 | 2013 | 2014 | 2013 | |||||||||||||||||||||||
Interest rate swaps and caps | Trading (losses)/gains, net | $ | (737 | ) | $ | 3,217 | $ | (1,414 | ) | $ | 2,920 | |||||||||||||||
Mortgage banking derivatives | Mortgage banking revenue | (4,885 | ) | (2,368 | ) | (1,208 | ) | (3,038 | ) | |||||||||||||||||
Covered call options | Fees from covered call options | 1,244 | 993 | 2,786 | 2,632 | |||||||||||||||||||||
Foreign exchange contracts | Trading (losses)/gains, net | (10 | ) | 79 | (11 | ) | (67 | ) | ||||||||||||||||||
Credit Risk | ||||||||||||||||||||||||||
Derivative instruments have inherent risks, primarily market risk and credit risk. Market risk is associated with changes in interest rates and credit risk relates to the risk that the counterparty will fail to perform according to the terms of the agreement. The amounts potentially subject to market and credit risks are the streams of interest payments under the contracts and the market value of the derivative instrument and not the notional principal amounts used to express the volume of the transactions. Market and credit risks are managed and monitored as part of the Company's overall asset-liability management process, except that the credit risk related to derivatives entered into with certain qualified borrowers is managed through the Company's standard loan underwriting process since these derivatives are secured through collateral provided by the loan agreements. Actual exposures are monitored against various types of credit limits established to contain risk within parameters. When deemed necessary, appropriate types and amounts of collateral are obtained to minimize credit exposure. | ||||||||||||||||||||||||||
The Company has agreements with certain of its interest rate derivative counterparties that contain cross-default provisions, which provide that if the Company defaults on any of its indebtedness, including default where repayment of the indebtedness has not been accelerated by the lender, then the Company could also be declared in default on its derivative obligations. The Company also has agreements with certain of its derivative counterparties that contain a provision allowing the counterparty to terminate the derivative positions if the Company fails to maintain its status as a well or adequately capitalized institution, which would require the Company to settle its obligations under the agreements. As of June 30, 2014 the fair value of interest rate derivatives in a net liability position, which includes accrued interest related to these agreements, was $33.7 million. If the Company had breached any of these provisions at June 30, 2014 it would have been required to settle its obligations under the agreements at the termination value and would have been required to pay any additional amounts due in excess of amounts previously posted as collateral with the respective counterparty. | ||||||||||||||||||||||||||
The Company's is also exposed to the credit risk of its commercial borrowers who are counterparties to interest rate derivatives with the banks. This counterparty risk related to the commercial borrowers is managed and monitored through the banks' standard underwriting process applicable to loans since these derivatives are secured through collateral provided by the loan agreement. The counterparty risk associated with the mirror-image swaps executed with third parties is monitored and managed in connection with the Company's overall asset liability management process. | ||||||||||||||||||||||||||
The Company records interest rate derivatives subject to master netting agreements at their gross value and does not offset derivative assets and liabilities on the Consolidated Statements of Condition. The tables below summarize the Company's interest rate derivatives and offsetting positions as of the dates shown. | ||||||||||||||||||||||||||
Derivative Assets | Derivative Liabilities | |||||||||||||||||||||||||
Fair Value | Fair Value | |||||||||||||||||||||||||
(Dollars in thousands) | June 30, | 31-Dec-13 | June 30, | June 30, | 31-Dec-13 | June 30, | ||||||||||||||||||||
2014 | 2013 | 2014 | 2013 | |||||||||||||||||||||||
Gross Amounts Recognized | $ | 37,461 | $ | 37,956 | $ | 38,118 | $ | 36,733 | $ | 34,807 | $ | 33,788 | ||||||||||||||
Less: Amounts offset in the Statements of Financial Condition | $ | — | $ | — | $ | — | $ | — | $ | — | $ | — | ||||||||||||||
Net amount presented in the Statements of Financial Condition | $ | 37,461 | $ | 37,956 | $ | 38,118 | $ | 36,733 | $ | 34,807 | $ | 33,788 | ||||||||||||||
Gross amounts not offset in the Statements of Financial Condition | ||||||||||||||||||||||||||
Offsetting Derivative Positions | (3,738 | ) | (8,826 | ) | (8,192 | ) | (3,738 | ) | (8,826 | ) | (8,192 | ) | ||||||||||||||
Securities Collateral Posted (1) | — | — | — | (26,354 | ) | (25,981 | ) | (25,027 | ) | |||||||||||||||||
Net Credit Exposure | $ | 33,723 | $ | 29,130 | $ | 29,926 | $ | 6,641 | $ | — | $ | 569 | ||||||||||||||
(1) As of December 31, 2013, the Company posted securities collateral of $34.6 million which resulted in excess collateral with its counterparties. For purposes of this disclosure, the amount of posted collateral is limited to the amount offsetting the derivative liability. |
Fair_Values_of_Assets_and_Liab
Fair Values of Assets and Liabilities | 6 Months Ended | |||||||||||||||||||||||
Jun. 30, 2014 | ||||||||||||||||||||||||
Fair Value Disclosures [Abstract] | ' | |||||||||||||||||||||||
Fair Values of Assets and Liabilities | ' | |||||||||||||||||||||||
Fair Values of Assets and Liabilities | ||||||||||||||||||||||||
The Company measures, monitors and discloses certain of its assets and liabilities on a fair value basis. These financial assets and financial liabilities are measured at fair value in three levels, based on the markets in which the assets and liabilities are traded and the observability of the assumptions used to determine fair value. These levels are: | ||||||||||||||||||||||||
• | Level 1—unadjusted quoted prices in active markets for identical assets or liabilities. | |||||||||||||||||||||||
• | Level 2—inputs other than quoted prices included in Level 1 that are observable for the asset or liability, either directly or indirectly. These include quoted prices for similar assets or liabilities in active markets, quoted prices for identical or similar assets or liabilities in markets that are not active, inputs other than quoted prices that are observable for the asset or liability or inputs that are derived principally from or corroborated by observable market data by correlation or other means. | |||||||||||||||||||||||
• | Level 3—significant unobservable inputs that reflect the Company’s own assumptions that market participants would use in pricing the assets or liabilities. Level 3 assets and liabilities include financial instruments whose value is determined using pricing models, discounted cash flow methodologies, or similar techniques, as well as instruments for which the determination of fair value requires significant management judgment or estimation. | |||||||||||||||||||||||
A financial instrument’s categorization within the above valuation hierarchy is based upon the lowest level of input that is significant to the fair value measurement. The Company’s assessment of the significance of a particular input to the fair value measurement in its entirety requires judgment, and considers factors specific to the assets or liabilities. Following is a description of the valuation methodologies used for the Company’s assets and liabilities measured at fair value on a recurring basis. | ||||||||||||||||||||||||
Available-for-sale and trading account securities—Fair values for available-for-sale and trading securities are typically based on prices obtained from independent pricing vendors. Securities measured with these valuation techniques are generally classified as Level 2 of the fair value hierarchy. Typically, standard inputs such as benchmark yields, reported trades for similar securities, issuer spreads, benchmark securities, bids, offers and reference data including market research publications are used to fair value a security. When these inputs are not available, broker/dealer quotes may be obtained by the vendor to determine the fair value of the security. We review the vendor’s pricing methodologies to determine if observable market information is being used, versus unobservable inputs. Fair value measurements using significant inputs that are unobservable in the market due to limited activity or a less liquid market are classified as Level 3 in the fair value hierarchy. | ||||||||||||||||||||||||
The Company’s Investment Operations Department is responsible for the valuation of Level 3 available-for-sale securities. The methodology and variables used as inputs in pricing Level 3 securities are derived from a combination of observable and unobservable inputs. The unobservable inputs are determined through internal assumptions that may vary from period to period due to external factors, such as market movement and credit rating adjustments. | ||||||||||||||||||||||||
At June 30, 2014, the Company classified $38.1 million of municipal securities as Level 3. These municipal securities are bond issues for various municipal government entities, including park districts, located in the Chicago metropolitan area and southeastern Wisconsin and are privately placed, non-rated bonds without CUSIP numbers. The Company’s methodology for pricing the non-rated bonds focuses on three distinct inputs: equivalent rating, yield and other pricing terms. To determine the rating for a given non-rated municipal bond, the Investment Operations Department references a publicly issued bond by the same issuer if available. A reduction is then applied to the rating obtained from the comparable bond, as the Company believes if liquidated, a non-rated bond would be valued less than a similar bond with a verifiable rating. The reduction applied by the Company is one complete rating grade (i.e. a “AA” rating for a comparable bond would be reduced to “A” for the Company’s valuation). In the second quarter of 2014, all of the ratings derived in the above process by Investment Operations were BBB or better, for both bonds with and without comparable bond proxies. The fair value measurement of municipal bonds is sensitive to the rating input, as a higher rating typically results in an increased valuation. The remaining pricing inputs used in the bond valuation are observable. Based on the rating determined in the above process, Investment Operations obtains a corresponding current market yield curve available to market participants. Other terms including coupon, maturity date, redemption price, number of coupon payments per year, and accrual method are obtained from the individual bond term sheets. Certain municipal bonds held by the Company at June 30, 2014 have a call date that has passed, and are now continuously callable. When valuing these bonds, the fair value is capped at par value as the Company assumes a market participant would not pay more than par for a continuously callable bond. | ||||||||||||||||||||||||
At June 30, 2014, the Company held $24.2 million of equity securities classified as Level 3. The securities in Level 3 are primarily comprised of auction rate preferred securities. The Company utilizes an independent pricing vendor to provide a fair market valuation of these securities. The vendor’s valuation methodology includes modeling the contractual cash flows of the underlying preferred securities and applying a discount to these cash flows by a credit spread derived from the market price of the securities underlying debt. At June 30, 2014, the vendor considered five different securities whose implied credit spreads were believed to provide a proxy for the Company’s auction rate preferred securities. The credit spreads ranged from 1.24%-2.10% with an average of 1.72% which was added to three-month LIBOR to be used as the discount rate input to the vendor’s model. Fair value of the securities is sensitive to the discount rate utilized as a higher discount rate results in a decreased fair value measurement. | ||||||||||||||||||||||||
Mortgage loans held-for-sale—Mortgage loans originated by Wintrust Mortgage, a division of Barrington Bank and Trust Company, N.A. ("Barrington Bank"), are carried at fair value. The fair value of mortgage loans held-for-sale is determined by reference to investor price sheets for loan products with similar characteristics. | ||||||||||||||||||||||||
Mortgage servicing rights—Fair value for mortgage servicing rights is determined utilizing a third party valuation model which stratifies the servicing rights into pools based on product type and interest rate. The fair value of each servicing rights pool is calculated based on the present value of estimated future cash flows using a discount rate commensurate with the risk associated with that pool, given current market conditions. At June 30, 2014, the Company classified $8.2 million of mortgage servicing rights as Level 3. The weighted average discount rate used as an input to value the pool of mortgage servicing rights at June 30, 2014 was 9.66% with discount rates applied ranging from 9.5%-13.0%. The higher the rate utilized to discount estimated future cash flows, the lower the fair value measurement. Additionally, fair value estimates include assumptions about prepayment speeds which ranged from 11%-16% or a weighted average prepayment speed of 12.68% used as an input to value the pool of mortgage servicing rights at June 30, 2014. Prepayment speeds are inversely related to the fair value of mortgage servicing rights as an increase in prepayment speeds results in a decreased valuation. | ||||||||||||||||||||||||
Derivative instruments—The Company’s derivative instruments include interest rate swaps and caps, commitments to fund mortgages for sale into the secondary market (interest rate locks), forward commitments to end investors for the sale of mortgage loans and foreign currency contracts. Interest rate swaps and caps are valued by a third party, using models that primarily use market observable inputs, such as yield curves, and are corroborated by comparison with valuations provided by the respective counterparties. The fair value for mortgage derivatives is based on changes in mortgage rates from the date of the commitments. The fair value of foreign currency derivatives is computed based on change in foreign currency rates stated in the contract compared to those prevailing at the measurement date. The Company made an accounting policy election to measure the credit risk of its derivative financial instruments that are subject to master netting agreements on a net basis by counterparty portfolio. | ||||||||||||||||||||||||
Nonqualified deferred compensation assets—The underlying assets relating to the nonqualified deferred compensation plan are included in a trust and primarily consist of non-exchange traded institutional funds which are priced based by an independent third party service. | ||||||||||||||||||||||||
The following tables present the balances of assets and liabilities measured at fair value on a recurring basis for the periods presented: | ||||||||||||||||||||||||
June 30, 2014 | ||||||||||||||||||||||||
(Dollars in thousands) | Total | Level 1 | Level 2 | Level 3 | ||||||||||||||||||||
Available-for-sale securities | ||||||||||||||||||||||||
U.S. Treasury | $ | 388,415 | $ | — | $ | 388,415 | $ | — | ||||||||||||||||
U.S. Government agencies | 766,000 | — | 766,000 | — | ||||||||||||||||||||
Municipal | 176,107 | — | 138,054 | 38,053 | ||||||||||||||||||||
Corporate notes | 135,303 | — | 135,303 | — | ||||||||||||||||||||
Mortgage-backed | 303,563 | — | 303,563 | — | ||||||||||||||||||||
Equity securities | 54,852 | — | 30,700 | 24,152 | ||||||||||||||||||||
Trading account securities | 2,234 | — | 2,234 | — | ||||||||||||||||||||
Mortgage loans held-for-sale | 363,627 | — | 363,627 | — | ||||||||||||||||||||
Mortgage servicing rights | 8,227 | — | — | 8,227 | ||||||||||||||||||||
Nonqualified deferred compensation assets | 7,850 | — | 7,850 | — | ||||||||||||||||||||
Derivative assets | 50,967 | — | 50,967 | — | ||||||||||||||||||||
Total | $ | 2,257,145 | $ | — | $ | 2,186,713 | $ | 70,432 | ||||||||||||||||
Derivative liabilities | $ | 43,650 | $ | — | $ | 43,650 | $ | — | ||||||||||||||||
31-Dec-13 | ||||||||||||||||||||||||
(Dollars in thousands) | Total | Level 1 | Level 2 | Level 3 | ||||||||||||||||||||
Available-for-sale securities | ||||||||||||||||||||||||
U.S. Treasury | $ | 336,095 | $ | — | $ | 336,095 | $ | — | ||||||||||||||||
U.S. Government agencies | 895,688 | — | 895,688 | — | ||||||||||||||||||||
Municipal | 152,716 | — | 116,330 | 36,386 | ||||||||||||||||||||
Corporate notes | 135,038 | — | 135,038 | — | ||||||||||||||||||||
Mortgage-backed | 605,225 | — | 605,225 | — | ||||||||||||||||||||
Equity securities | 51,528 | — | 29,365 | 22,163 | ||||||||||||||||||||
Trading account securities | 497 | — | 497 | — | ||||||||||||||||||||
Mortgage loans held-for-sale | 332,485 | — | 332,485 | — | ||||||||||||||||||||
Mortgage servicing rights | 8,946 | — | — | 8,946 | ||||||||||||||||||||
Nonqualified deferred compensation assets | 7,222 | — | 7,222 | — | ||||||||||||||||||||
Derivative assets | 48,221 | — | 48,221 | — | ||||||||||||||||||||
Total | $ | 2,573,661 | $ | — | $ | 2,506,166 | $ | 67,495 | ||||||||||||||||
Derivative liabilities | $ | 37,264 | $ | — | $ | 37,264 | $ | — | ||||||||||||||||
30-Jun-13 | ||||||||||||||||||||||||
(Dollars in thousands) | Total | Level 1 | Level 2 | Level 3 | ||||||||||||||||||||
Available-for-sale securities | ||||||||||||||||||||||||
U.S. Treasury | $ | 210,975 | $ | — | $ | 210,975 | $ | — | ||||||||||||||||
U.S. Government agencies | 958,458 | — | 958,458 | — | ||||||||||||||||||||
Municipal | 150,127 | — | 117,695 | 32,432 | ||||||||||||||||||||
Corporate notes | 141,933 | — | 141,933 | — | ||||||||||||||||||||
Mortgage-backed | 332,767 | — | 332,767 | — | ||||||||||||||||||||
Equity securities | 49,564 | — | 27,136 | 22,428 | ||||||||||||||||||||
Trading account securities | 659 | — | 659 | — | ||||||||||||||||||||
Mortgage loans held-for-sale | 525,027 | — | 525,027 | — | ||||||||||||||||||||
Mortgage servicing rights | 8,636 | — | — | 8,636 | ||||||||||||||||||||
Nonqualified deferred compensation assets | 6,793 | — | 6,793 | — | ||||||||||||||||||||
Derivative assets | 60,554 | — | 60,554 | — | ||||||||||||||||||||
Total | $ | 2,445,493 | $ | — | $ | 2,381,997 | $ | 63,496 | ||||||||||||||||
Derivative liabilities | $ | 37,654 | $ | — | $ | 37,654 | $ | — | ||||||||||||||||
The aggregate remaining contractual principal balance outstanding as of June 30, 2014, December 31, 2013 and June 30, 2013 for mortgage loans held-for-sale measured at fair value under ASC 825 was $340.5 million, $314.9 million and $539.5 million, respectively, while the aggregate fair value of mortgage loans held-for-sale was $363.6 million, $332.5 million and $525.0 million, for the same respective periods, as shown in the above tables. There were no nonaccrual loans or loans past due greater than 90 days and still accruing in the mortgage loans held-for-sale portfolio measured at fair value as of June 30, 2014, December 31, 2013 and June 30, 2013. | ||||||||||||||||||||||||
The changes in Level 3 assets measured at fair value on a recurring basis during the three and six months ended June 30, 2014 and 2013 are summarized as follows: | ||||||||||||||||||||||||
Equity securities | Mortgage | |||||||||||||||||||||||
(Dollars in thousands) | Municipal | servicing rights | ||||||||||||||||||||||
Balance at March 31, 2014 | $ | 39,772 | $ | 23,438 | $ | 8,719 | ||||||||||||||||||
Total net gains (losses) included in: | ||||||||||||||||||||||||
Net loss (1) | — | — | (492 | ) | ||||||||||||||||||||
Other comprehensive income | 73 | 714 | — | |||||||||||||||||||||
Purchases | 1,606 | — | — | |||||||||||||||||||||
Issuances | — | — | — | |||||||||||||||||||||
Sales | — | — | — | |||||||||||||||||||||
Settlements | (3,398 | ) | — | — | ||||||||||||||||||||
Net transfers into/(out of) Level 3 | — | — | — | |||||||||||||||||||||
Balance at June 30, 2014 | $ | 38,053 | $ | 24,152 | $ | 8,227 | ||||||||||||||||||
-1 | Changes in the balance of mortgage servicing rights are recorded as a component of mortgage banking revenue in non-interest income. | |||||||||||||||||||||||
Equity securities | Mortgage | |||||||||||||||||||||||
(Dollars in thousands) | Municipal | servicing rights | ||||||||||||||||||||||
Balance at January 1, 2014 | $ | 36,386 | $ | 22,163 | $ | 8,946 | ||||||||||||||||||
Total net gains (losses) included in: | ||||||||||||||||||||||||
Net loss (1) | — | — | (719 | ) | ||||||||||||||||||||
Other comprehensive income | 220 | 1,989 | — | |||||||||||||||||||||
Purchases | 4,966 | — | — | |||||||||||||||||||||
Issuances | — | — | — | |||||||||||||||||||||
Sales | — | — | — | |||||||||||||||||||||
Settlements | (3,519 | ) | — | — | ||||||||||||||||||||
Net transfers into/(out of) Level 3 | — | — | — | |||||||||||||||||||||
Balance at June 30, 2014 | $ | 38,053 | $ | 24,152 | $ | 8,227 | ||||||||||||||||||
-1 | Changes in the balance of mortgage servicing rights are recorded as a component of mortgage banking revenue in non-interest income. | |||||||||||||||||||||||
Equity securities | Mortgage | |||||||||||||||||||||||
(Dollars in thousands) | Municipal | servicing rights | ||||||||||||||||||||||
Balance at March 31, 2013 | $ | 32,324 | $ | 24,470 | $ | 7,344 | ||||||||||||||||||
Total net gains (losses) included in: | ||||||||||||||||||||||||
Net income (1) | — | — | 1,292 | |||||||||||||||||||||
Other comprehensive income | (302 | ) | (2,042 | ) | — | |||||||||||||||||||
Purchases | 660 | — | — | |||||||||||||||||||||
Issuances | — | — | — | |||||||||||||||||||||
Sales | — | — | — | |||||||||||||||||||||
Settlements | (250 | ) | — | — | ||||||||||||||||||||
Net transfers into/(out of) Level 3 | — | — | — | |||||||||||||||||||||
Balance at June 30, 2013 | $ | 32,432 | $ | 22,428 | $ | 8,636 | ||||||||||||||||||
-1 | Changes in the balance of mortgage servicing rights are recorded as a component of mortgage banking revenue in non-interest income. | |||||||||||||||||||||||
Equity securities | Mortgage | |||||||||||||||||||||||
(Dollars in thousands) | Municipal | servicing rights | ||||||||||||||||||||||
Balance at January 1, 2013 | $ | 30,770 | $ | 22,169 | $ | 6,750 | ||||||||||||||||||
Total net gains (losses) included in: | ||||||||||||||||||||||||
Net income (1) | — | — | 1,886 | |||||||||||||||||||||
Other comprehensive income | (314 | ) | 259 | — | ||||||||||||||||||||
Purchases | 2,347 | — | — | |||||||||||||||||||||
Issuances | — | — | — | |||||||||||||||||||||
Sales | — | — | — | |||||||||||||||||||||
Settlements | (371 | ) | — | — | ||||||||||||||||||||
Net transfers into/(out of) Level 3 | — | — | — | |||||||||||||||||||||
Balance at June 30, 2013 | $ | 32,432 | $ | 22,428 | $ | 8,636 | ||||||||||||||||||
-1 | Changes in the balance of mortgage servicing rights are recorded as a component of mortgage banking revenue in non-interest income. | |||||||||||||||||||||||
Also, the Company may be required, from time to time, to measure certain other financial assets at fair value on a nonrecurring basis in accordance with GAAP. These adjustments to fair value usually result from impairment charges on individual assets. For assets measured at fair value on a nonrecurring basis that were still held in the balance sheet at the end of the period, the following table provides the carrying value of the related individual assets or portfolios at June 30, 2014. | ||||||||||||||||||||||||
June 30, 2014 | Three Months | Six Months Ended June 30, 2014 Fair Value Losses Recognized, net | ||||||||||||||||||||||
Ended June 30, 2014 | ||||||||||||||||||||||||
(Dollars in thousands) | Total | Level 1 | Level 2 | Level 3 | Fair Value Losses Recognized, net | |||||||||||||||||||
Impaired loans—collateral based | $ | 65,046 | $ | — | $ | — | $ | 65,046 | $ | 6,133 | $ | 13,697 | ||||||||||||
Other real estate owned, including covered other real estate owned (1) | 115,584 | — | — | 115,584 | 2,761 | 8,933 | ||||||||||||||||||
Total | $ | 180,630 | $ | — | $ | — | $ | 180,630 | $ | 8,894 | $ | 22,630 | ||||||||||||
-1 | Fair value losses recognized, net on other real estate owned include valuation adjustments and charge-offs during the respective period. | |||||||||||||||||||||||
Impaired loans—A loan is considered to be impaired when, based on current information and events, it is probable that the Company will be unable to collect all amounts due pursuant to the contractual terms of the loan agreement. A loan restructured in a troubled debt restructuring is an impaired loan according to applicable accounting guidance. Impairment is measured by estimating the fair value of the loan based on the present value of expected cash flows, the market price of the loan, or the fair value of the underlying collateral. Impaired loans are considered a fair value measurement where an allowance is established based on the fair value of collateral. Appraised values, which may require adjustments to market-based valuation inputs, are generally used on real estate collateral-dependent impaired loans. | ||||||||||||||||||||||||
The Company’s Managed Assets Division is primarily responsible for the valuation of Level 3 measurements of impaired loans. For more information on the Managed Assets Division review of impaired loans refer to Note 7 – Allowance for Loan Losses, Allowance for Losses on Lending-Related Commitments and Impaired Loans. At June 30, 2014, the Company had $137.2 million of impaired loans classified as Level 3. Of the $137.2 million of impaired loans, $65.0 million were measured at fair value based on the underlying collateral of the loan as shown in the table above. The remaining $72.2 million were valued based on discounted cash flows in accordance with ASC 310. | ||||||||||||||||||||||||
Other real estate owned (including covered other real estate owned)—Other real estate owned is comprised of real estate acquired in partial or full satisfaction of loans and is included in other assets. Other real estate owned is recorded at its estimated fair value less estimated selling costs at the date of transfer, with any excess of the related loan balance over the fair value less expected selling costs charged to the allowance for loan losses. Subsequent changes in value are reported as adjustments to the carrying amount and are recorded in other non-interest expense. Gains and losses upon sale, if any, are also charged to other non-interest expense. Fair value is generally based on third party appraisals and internal estimates and is therefore considered a Level 3 valuation. | ||||||||||||||||||||||||
The Company’s Managed Assets Division is primarily responsible for the valuation of Level 3 measurements for non-covered other real estate owned and covered other real estate owned. At June 30, 2014, the Company had $115.6 million of other real estate owned classified as Level 3. The unobservable input applied to other real estate owned relates to the valuation adjustment determined by the Company’s appraisals. The valuation adjustments applied to other real estate owned range from a 55% write-up, to a 40% write-down of the carrying value at June 30, 2014, with a weighted average write-down adjustment of 2.81%. A higher appraisal valuation results in a increased carrying value. | ||||||||||||||||||||||||
The valuation techniques and significant unobservable inputs used to measure both recurring and non-recurring Level 3 fair value measurements at June 30, 2014 were as follows: | ||||||||||||||||||||||||
(Dollars in thousands) | ||||||||||||||||||||||||
Fair Value | Valuation Methodology | Significant Unobservable Input | Range | Weighted | Impact to valuation | |||||||||||||||||||
of Inputs | Average | from an increased or | ||||||||||||||||||||||
of Inputs | higher input value | |||||||||||||||||||||||
Measured at fair value on a recurring basis: | ||||||||||||||||||||||||
Municipal Securities | $ | 38,053 | Bond pricing | Equivalent rating | BBB-AA+ | N/A | Increase | |||||||||||||||||
Equity Securities | 24,152 | Discounted cash flows | Discount rate | 1.24%-2.10% | 1.72% | Decrease | ||||||||||||||||||
Mortgage Servicing Rights | 8,227 | Discounted cash flows | Discount rate | 9.5%-13% | 9.66% | Decrease | ||||||||||||||||||
Constant prepayment rate (CPR) | 11%-16% | 12.68% | Decrease | |||||||||||||||||||||
Measured at fair value on a non-recurring basis: | ||||||||||||||||||||||||
Impaired loans—collateral based | $ | 65,046 | Appraisal value | N/A | N/A | N/A | N/A | |||||||||||||||||
Other real estate owned, including covered other real estate owned | 115,584 | Appraisal value | Property specific valuation adjustment | (40)% - 55% | -2.81% | Increase | ||||||||||||||||||
The Company is required under applicable accounting guidance to report the fair value of all financial instruments on the consolidated statements of condition, including those financial instruments carried at cost. The carrying amounts and estimated fair values of the Company’s financial instruments as of the dates shown: | ||||||||||||||||||||||||
At June 30, 2014 | At December 31, 2013 | At June 30, 2013 | ||||||||||||||||||||||
Carrying | Fair | Carrying | Fair | Carrying | Fair | |||||||||||||||||||
(Dollars in thousands) | Value | Value | Value | Value | Value | Value | ||||||||||||||||||
Financial Assets: | ||||||||||||||||||||||||
Cash and cash equivalents | $ | 356,978 | $ | 356,978 | $ | 263,864 | $ | 263,864 | $ | 233,299 | $ | 233,299 | ||||||||||||
Interest bearing deposits with banks | 506,871 | 506,871 | 495,574 | 495,574 | 440,656 | 440,656 | ||||||||||||||||||
Available-for-sale securities | 1,824,240 | 1,824,240 | 2,176,290 | 2,176,290 | 1,843,824 | 1,843,824 | ||||||||||||||||||
Trading account securities | 2,234 | 2,234 | 497 | 497 | 659 | 659 | ||||||||||||||||||
Federal Home Loan Bank and Federal Reserve Bank stock, at cost | 84,531 | 84,531 | 79,261 | 79,261 | 79,354 | 79,354 | ||||||||||||||||||
Brokerage customer receivables | 28,199 | 28,199 | 30,953 | 30,953 | 26,214 | 26,214 | ||||||||||||||||||
Mortgage loans held-for-sale, at fair value | 363,627 | 363,627 | 332,485 | 332,485 | 525,027 | 525,027 | ||||||||||||||||||
Mortgage loans held-for-sale, at lower of cost or market | — | — | 1,842 | 1,857 | 12,964 | 13,113 | ||||||||||||||||||
Total loans | 14,025,150 | 14,741,579 | 13,243,033 | 13,867,255 | 12,971,494 | 13,613,298 | ||||||||||||||||||
Mortgage servicing rights | 8,227 | 8,227 | 8,946 | 8,946 | 8,636 | 8,636 | ||||||||||||||||||
Nonqualified deferred compensation assets | 7,850 | 7,850 | 7,222 | 7,222 | 6,793 | 6,793 | ||||||||||||||||||
Derivative assets | 50,967 | 50,967 | 48,221 | 48,221 | 60,554 | 60,554 | ||||||||||||||||||
FDIC indemnification asset | 46,115 | 46,115 | 85,672 | 85,672 | 137,681 | 137,681 | ||||||||||||||||||
Accrued interest receivable and other | 165,511 | 165,511 | 163,732 | 163,732 | 163,703 | 163,703 | ||||||||||||||||||
Total financial assets | $ | 17,470,500 | $ | 18,186,929 | $ | 16,937,592 | $ | 17,561,829 | $ | 16,510,858 | $ | 17,152,811 | ||||||||||||
Financial Liabilities | ||||||||||||||||||||||||
Non-maturity deposits | $ | 11,314,162 | $ | 11,314,162 | $ | 10,442,077 | $ | 10,442,077 | $ | 10,023,533 | $ | 10,023,533 | ||||||||||||
Deposits with stated maturities | 4,242,214 | 4,255,896 | 4,226,712 | 4,242,172 | 4,342,321 | 4,359,361 | ||||||||||||||||||
Notes payable | — | — | 364 | 364 | 1,729 | 1,729 | ||||||||||||||||||
Federal Home Loan Bank advances | 580,582 | 585,792 | 417,762 | 422,750 | 585,942 | 591,183 | ||||||||||||||||||
Other borrowings | 43,716 | 43,716 | 254,740 | 254,740 | 252,776 | 252,776 | ||||||||||||||||||
Subordinated notes | 140,000 | 144,899 | — | — | 10,000 | 10,000 | ||||||||||||||||||
Junior subordinated debentures | 249,493 | 250,492 | 249,493 | 250,672 | 249,493 | 250,597 | ||||||||||||||||||
Derivative liabilities | 43,650 | 43,650 | 37,264 | 37,264 | 37,654 | 37,654 | ||||||||||||||||||
Accrued interest payable | 8,399 | 8,399 | 8,556 | 8,556 | 11,293 | 11,293 | ||||||||||||||||||
Total financial liabilities | $ | 16,622,216 | $ | 16,647,006 | $ | 15,636,968 | $ | 15,658,595 | $ | 15,514,741 | $ | 15,538,126 | ||||||||||||
Not all the financial instruments listed in the table above are subject to the disclosure provisions of ASC Topic 820, as certain assets and liabilities result in their carrying value approximating fair value. These include cash and cash equivalents, interest bearing deposits with other banks, brokerage customer receivables, FHLB and FRB stock, FDIC indemnification asset, accrued interest receivable and accrued interest payable, non-maturity deposits, notes payable and other borrowings. | ||||||||||||||||||||||||
The following methods and assumptions were used by the Company in estimating fair values of financial instruments that were not previously disclosed. | ||||||||||||||||||||||||
Mortgage loans held-for-sale, at lower of cost or market—Fair value is based on either quoted prices for the same or similar loans, or values obtained from third parties, or is estimated for portfolios of loans with similar financial characteristics and is therefore considered a Level 2 valuation. | ||||||||||||||||||||||||
Loans. Fair values are estimated for portfolios of loans with similar financial characteristics. Loans are analyzed by type such as commercial, residential real-estate, etc. Each category is further segmented by interest rate type (fixed and variable) and term. For variable-rate loans that reprice frequently, estimated fair values are based on carrying values. The fair value of residential loans is based on secondary market sources for securities backed by similar loans, adjusted for differences in loan characteristics. The fair value for other fixed rate loans is estimated by discounting scheduled cash flows through the estimated maturity using estimated market discount rates that reflect credit and interest rate risks inherent in the loan. The primary impact of credit risk on the present value of the loan portfolio, however, was assessed through the use of the allowance for loan losses, which is believed to represent the current fair value of probable incurred losses for purposes of the fair value calculation. In accordance with ASC 820, the Company has categorized loans as a Level 3 fair value measurement. | ||||||||||||||||||||||||
Deposits with stated maturities. The fair value of certificates of deposit is based on the discounted value of contractual cash flows. The discount rate is estimated using the rates currently in effect for deposits of similar remaining maturities. In accordance with ASC 820, the Company has categorized deposits with stated maturities as a Level 3 fair value measurement. | ||||||||||||||||||||||||
Federal Home Loan Bank advances. The fair value of Federal Home Loan Bank advances is obtained from the Federal Home Loan Bank which uses a discounted cash flow analysis based on current market rates of similar maturity debt securities to discount cash flows. In accordance with ASC 820, the Company has categorized Federal Home Loan Bank advances as a Level 3 fair value measurement. | ||||||||||||||||||||||||
Subordinated notes. The fair value of the subordinated notes is based on a market price obtained from an independent pricing vendor. In accordance with ASC 820, the Company has categorized subordinated notes as a Level 2 fair value measurement. | ||||||||||||||||||||||||
Junior subordinated debentures. The fair value of the junior subordinated debentures is based on the discounted value of contractual cash flows. In accordance with ASC 820, the Company has categorized junior subordinated debentures as a Level 3 fair value measurement. |
StockBased_Compensation_Plans
Stock-Based Compensation Plans | 6 Months Ended | |||||||||||||
Jun. 30, 2014 | ||||||||||||||
Share-based Compensation [Abstract] | ' | |||||||||||||
Stock-Based Compensation Plans | ' | |||||||||||||
Stock-Based Compensation Plans | ||||||||||||||
The 2007 Stock Incentive Plan (“the 2007 Plan”), which was approved by the Company's shareholders in January 2007, permits the grant of incentive stock options, nonqualified stock options, rights and restricted stock, as well as the conversion of outstanding options of acquired companies to Wintrust options. The 2007 Plan replaced the Wintrust Financial Corporation 1997 Stock Incentive Plan (“the 1997 Plan”) which had substantially similar terms. The 2007 Plan and the 1997 Plan are collectively referred to as “the Plans.” The Plans cover substantially all employees of Wintrust. The Compensation Committee of the Board of Directors administers all stock-based compensation programs and authorizes all awards granted pursuant to the Plans. The 2007 Plan initially provided for the issuance of up to 500,000 shares of common stock. In May 2009 and May 2011, the Company's shareholders approved an additional 325,000 shares and 2,860,000 shares, respectively, of common stock that may be offered under the 2007 Plan. All grants made after 2006 have been made pursuant to the 2007 Plan, and as of June 30, 2014, assuming all performance-based shares will be issued at the maximum levels, 389,125 shares were available for future grants. | ||||||||||||||
The Company historically awarded stock-based compensation in the form of nonqualified stock options and time-vested restricted share awards (“restricted shares”). In general, the grants of options provide for the purchase shares of Wintrust's common stock at the fair market value of the stock on the date the options are granted. Options under the 2007 Plan generally vest ratably over periods of three to five years and have a maximum term of seven years from the date of grant. Stock options granted under the 1997 Plan provided for a maximum term of 10 years. Restricted shares entitle the holders to receive, at no cost, shares of the Company’s common stock. Restricted shares generally vest over periods of one to five years from the date of grant. | ||||||||||||||
Beginning in 2011, the Company has awarded annual grants under The Long-Term Incentive Program (“LTIP”), which is administered under the 2007 Plan. The LTIP is designed in part to align the interests of management with the interests of shareholders, foster retention, create a long-term focus based on sustainable results and provide participants a target long-term incentive opportunity. It is anticipated that LTIP awards will continue to be granted annually. LTIP grants to date have consisted of time vested nonqualified stock options and performance-based stock and cash awards. Stock options granted under the LTIP have a term of seven years and will generally vest equally over three years based on continued service. Performance-based stock and cash awards granted under the LTIP are contingent upon the achievement of pre-established long-term performance goals set in advance by the Compensation Committee over a three-year period with overlapping performance periods starting at the beginning of each calendar year. These performance awards are granted at a target level, and based on the Company’s achievement of the pre-established long-term goals, the actual payouts can range from 0% to 200% of the target award. The awards vest in the quarter after the end of the performance period upon certification of the payout by the Compensation Committee of the Board of Directors. Holders of performance-based stock awards are entitled to shares of common stock at no cost. | ||||||||||||||
Holders of restricted share awards and performance-based stock awards received under the Plans are not entitled to vote or receive cash dividends (or cash payments equal to the cash dividends) on the underlying common shares until the awards are vested. Except in limited circumstances, these awards are canceled upon termination of employment without any payment of consideration by the Company. | ||||||||||||||
Stock-based compensation is measured as the fair value of an award on the date of grant, and the measured cost is recognized over the period which the recipient is required to provide service in exchange for the award. The fair values of restricted share and performance-based stock awards are determined based on the average of the high and low trading prices on the grant date, and the fair value of stock options is estimated using a Black-Scholes option-pricing model that utilizes the assumptions outlined in the following table. Option-pricing models require the input of highly subjective assumptions and are sensitive to changes in the option's expected life and the price volatility of the underlying stock, which can materially affect the fair value estimate. Expected life has been based on historical exercise and termination behavior as well as the term of the option, but the expected life of the options granted pursuant to the LTIP awards has been based on the safe harbor rule of the SEC Staff Accounting Bulletin No. 107 “Share-Based Payment” as the Company believes historical exercise data may not provide a reasonable basis to estimate the expected term of these options. Expected stock price volatility is based on historical volatility of the Company's common stock, which correlates with the expected life of the options, and the risk-free interest rate is based on comparable U.S. Treasury rates. Management reviews and adjusts the assumptions used to calculate the fair value of an option on a periodic basis to better reflect expected trends. | ||||||||||||||
The following table presents the weighted average assumptions used to determine the fair value of options granted in the six month periods ending June 30, 2014 and 2013. | ||||||||||||||
Six Months Ended | Six Months Ended | |||||||||||||
June 30, | June 30, | |||||||||||||
2014 | 2013 | |||||||||||||
Expected dividend yield | 0.4 | % | 0.5 | % | ||||||||||
Expected volatility | 30.8 | % | 59.6 | % | ||||||||||
Risk-free rate | 0.7 | % | 0.7 | % | ||||||||||
Expected option life (in years) | 4.5 | 4.5 | ||||||||||||
Stock based compensation is recognized based upon the number of awards that are ultimately expected to vest. Forfeitures are estimated based on historical forfeiture experience. In addition, for performance-based awards, an estimate is made of the number of shares expected to vest as a result of projected performance against the performance criteria in the award to determine the amount of compensation expense to recognize. The estimate is reevaluated periodically and total compensation expense is adjusted for any change in estimate in the current period. Stock-based compensation expense recognized in the Consolidated Statements of Income was $2.1 million in the second quarter of 2014 and $2.2 million in the second quarter of 2013, respectively, and $5.9 million and $4.5 million for the 2014 and 2013 year-to-date periods, respectively. The first quarter of 2014 includes a $2.1 million charge for a modification to the performance measurement criteria related to the 2011 LTIP performance-based stock grants that were vested and paid out in the first quarter of 2014. The cost of the modification was determined based on the stock price on the date of re-measurement and paid to the holders of the performance-based stock awards in cash. Similarly, in the first quarter of 2014, a modification was made to the performance measurement criteria related to the performance-based cash awards granted under the LTIP in 2011. These awards vested and were paid out in the first quarter of 2014 and the Company recognized an additional charge of $3.0 million related to the modification. | ||||||||||||||
A summary of the Plans' stock option activity for the six months ended June 30, 2014 and June 30, 2013 is presented below: | ||||||||||||||
Stock Options | Common | Weighted | Remaining | Intrinsic | ||||||||||
Shares | Average | Contractual | Value (2) | |||||||||||
Strike Price | Term (1) | $0 | ||||||||||||
Outstanding at January 1, 2014 | 1,524,672 | $ | 42 | |||||||||||
Granted | 364,767 | 46.85 | ||||||||||||
Exercised | (88,141 | ) | 34.66 | |||||||||||
Forfeited or canceled | (43,617 | ) | 45.56 | |||||||||||
Outstanding at June 30, 2014 | 1,757,681 | $ | 43.29 | 3.5 | $ | 9,833 | ||||||||
Exercisable at June 30, 2014 | 1,143,629 | $ | 43.98 | 2.2 | $ | 7,066 | ||||||||
Stock Options | Common | Weighted | Remaining | Intrinsic | ||||||||||
Shares | Average | Contractual | Value (2) | |||||||||||
Strike Price | Term (1) | $0 | ||||||||||||
Outstanding at January 1, 2013 | 1,745,427 | $ | 42.31 | |||||||||||
Granted | 223,995 | 37.81 | ||||||||||||
Exercised | (44,658 | ) | 28.27 | |||||||||||
Forfeited or canceled | (16,765 | ) | 38.64 | |||||||||||
Outstanding at June 30, 2013 | 1,907,999 | $ | 42.15 | 3.1 | $ | 4,634 | ||||||||
Exercisable at June 30, 2013 | 1,399,796 | $ | 45.04 | 2.1 | $ | 2,552 | ||||||||
-1 | Represents the remaining weighted average contractual life in years. | |||||||||||||
-2 | Aggregate intrinsic value represents the total pre-tax intrinsic value (i.e., the difference between the Company's stock price on the last trading day of the quarter and the option exercise price, multiplied by the number of shares) that would have been received by the option holders if they had exercised their options on the last day of the quarter. Options with exercise prices above the stock price on the last trading day of the quarter are excluded from the calculation of intrinsic value. The intrinsic value will change based on the fair market value of the Company's stock. | |||||||||||||
The weighted average grant date fair value per share of options granted during the six months ended June 30, 2014 and June 30, 2013 was $11.96 and $17.55, respectively. The aggregate intrinsic value of options exercised during the six months ended June 30, 2014 and 2013, was $1.0 million and $375,000, respectively. | ||||||||||||||
A summary of the Plans' restricted share activity for the six months ended June 30, 2014 and June 30, 2013 is presented below: | ||||||||||||||
Six months ended June 30, 2014 | Six months ended June 30, 2013 | |||||||||||||
Restricted Shares | Common | Weighted | Common | Weighted | ||||||||||
Shares | Average | Shares | Average | |||||||||||
Grant-Date | Grant-Date | |||||||||||||
Fair Value | Fair Value | |||||||||||||
Outstanding at January 1 | 181,522 | $ | 43.39 | 314,226 | $ | 37.99 | ||||||||
Granted | 11,430 | 46.1 | 686 | 35.92 | ||||||||||
Vested and issued | (32,328 | ) | 34.57 | (121,472 | ) | 32.06 | ||||||||
Forfeited | (5,387 | ) | 36.89 | (872 | ) | 32.42 | ||||||||
Outstanding at June 30 | 155,237 | $ | 45.65 | 192,568 | $ | 41.74 | ||||||||
Vested, but not issuable at June 30 | 85,000 | $ | 51.88 | 85,000 | $ | 51.88 | ||||||||
A summary of the 2007 Plan's performance-based stock award activity, based on the target level of the awards, for the six months ended June 30, 2014 and June 30, 2013 is presented below: | ||||||||||||||
Six months ended June 30, 2014 | Six months ended June 30, 2013 | |||||||||||||
Performance-based Stock | Common | Weighted | Common | Weighted | ||||||||||
Shares | Average | Shares | Average | |||||||||||
Grant-Date | Grant-Date | |||||||||||||
Fair Value | Fair Value | |||||||||||||
Outstanding at January 1 | 307,512 | $ | 34.01 | 214,565 | $ | 32.08 | ||||||||
Granted | 93,123 | 46.85 | 103,987 | 37.81 | ||||||||||
Vested and issued | (15,944 | ) | 33.28 | — | — | |||||||||
Forfeited | (87,046 | ) | 33.64 | (6,441 | ) | 33.64 | ||||||||
Outstanding at June 30 | 297,645 | $ | 38.18 | 312,111 | $ | 33.96 | ||||||||
Based on the achievement of the pre-established performance goals over a three-year period, the actual performance-based award payouts can be adjusted downward to 0% or upward to a maximum of 200% of the target award. The awards vest in the quarter after the end of the performance period. In the first quarter of 2014, the 2011 grants vested and were paid. As previously discussed, the Compensation Committee of the Board of Directors of the Company modified the 2011 awards such that 17% of the awards were paid in shares and the remainder in cash. As a result, an aggregate of 77,288 shares previously reserved for potential issuance in connection with the 2011 awards were not issued and remain available for future use under the Plan. | ||||||||||||||
The Company issues new shares to satisfy its obligation to issue shares granted pursuant to the Plans. |
Shareholders_Equity_and_Earnin
Shareholders' Equity and Earnings Per Share | 6 Months Ended | |||||||||||||||||
Jun. 30, 2014 | ||||||||||||||||||
Earnings Per Share, Basic and Diluted, Other Disclosures [Abstract] | ' | |||||||||||||||||
Shareholders' Equity and Earnings Per Share | ' | |||||||||||||||||
Shareholders’ Equity and Earnings Per Share | ||||||||||||||||||
Tangible Equity Units | ||||||||||||||||||
In December 2010, the Company sold 4.6 million 7.50% TEUs at a public offering price of $50.00 per unit. The Company received net proceeds of $222.7 million after deducting underwriting discounts and commissions and estimated offering expenses. Each tangible equity unit was composed of a prepaid common stock purchase contract and a junior subordinated amortizing note due December 15, 2013. The prepaid stock purchase contracts were recorded as surplus (a component of shareholders’ equity), net of issuance costs, and the junior subordinated amortizing notes were recorded as debt within other borrowings. Issuance costs associated with the debt component were recorded as a discount within other borrowings and were amortized over the term of the instrument to December 15, 2013 at which time they were paid in full. The Company allocated the proceeds from the issuance of the TEU to equity and debt based on the relative fair values of the respective components of each unit. | ||||||||||||||||||
The aggregate fair values assigned to each component of the TEU offering at the issuance date were as follows: | ||||||||||||||||||
(Dollars in thousands, except per unit amounts) | Equity | Debt | TEU Total | |||||||||||||||
Component | Component | |||||||||||||||||
Units issued (1) | 4,600 | 4,600 | 4,600 | |||||||||||||||
Unit price | $ | 40.271818 | $ | 9.728182 | $ | 50 | ||||||||||||
Gross proceeds | 185,250 | 44,750 | 230,000 | |||||||||||||||
Issuance costs, including discount | 5,934 | 1,419 | 7,353 | |||||||||||||||
Net proceeds | $ | 179,316 | $ | 43,331 | $ | 222,647 | ||||||||||||
Balance sheet impact | ||||||||||||||||||
Other borrowings | — | 43,331 | 43,331 | |||||||||||||||
Surplus | 179,316 | — | 179,316 | |||||||||||||||
-1 | TEUs consisted of two components: one unit of the equity component and one unit of the debt component. | |||||||||||||||||
The fair value of the debt component was determined using a discounted cash flow model using the following assumptions: (1) quarterly cash payments of 7.5%; (2) a maturity date of December 15, 2013; and (3) an assumed discount rate of 9.5%. The discount rate used for estimating the fair value was determined by obtaining yields for comparably-rated issuers trading in the market. The debt component was recorded at fair value, and the discount was amortized using the level yield method over the term of the instrument to the settlement date of December 15, 2013. | ||||||||||||||||||
The fair value of the equity component was determined using Black-Scholes valuation models applied to the range of stock prices contemplated by the terms of the TEU and used the following assumptions: (1) risk-free interest rate of 0.95%; (2) expected stock price volatility in the range of 35%-45%; (3) dividend yield plus stock borrow cost of 0.85%; and (4) term of 3.02 years. | ||||||||||||||||||
Each junior subordinated amortizing note, which had an initial principal amount of $9.728182, had a stated interest rate of 9.50% per annum, and had a scheduled final installment payment date of December 15, 2013. On each March 15, June 15, September 15 and December 15, the Company paid equal quarterly installments of $0.9375 on each amortizing note. The quarterly installment payable at March 15, 2011, however, was $0.989583. Each payment constituted a payment of interest and a partial repayment of principal. The issuance costs were amortized to interest expense using the effective-interest method. | ||||||||||||||||||
Each prepaid common stock purchase contract automatically settled on December 15, 2013 and the Company delivered 1.3333 shares of its common stock based on the applicable market value (the average of the volume weighted average price of Company common stock for the twenty (20) consecutive trading days ending on the third trading day immediately preceding December 15, 2013). Upon settlement, an amount equal to $1.00 per common share issued was reclassified from surplus to common stock. | ||||||||||||||||||
Series A Preferred Stock | ||||||||||||||||||
In August 2008, the Company issued and sold 50,000 shares of non-cumulative perpetual convertible preferred stock, Series A, liquidation preference $1,000 per share (the “Series A Preferred Stock”) for $50 million in a private transaction. Dividends on the Series A Preferred Stock were paid quarterly in arrears at a rate of 8.00% per annum. The Series A Preferred Stock was convertible into common stock at the option of the holder at a conversion rate of 38.88 shares of common stock per share of Series A Preferred Stock. On July 19, 2013, pursuant to such terms, the holder of the Series A Preferred Stock elected to convert all 50,000 shares of the Series A Preferred Stock into 1,944,000 shares of the Company's common stock, no par value. | ||||||||||||||||||
Series C Preferred Stock | ||||||||||||||||||
In March 2012, the Company issued and sold 126,500 shares of non-cumulative perpetual convertible preferred stock, Series C, liquidation preference $1,000 per share (the “Series C Preferred Stock”) for $126.5 million in an equity offering. If declared, dividends on the Series C Preferred Stock are payable quarterly in arrears at a rate of 5.00% per annum. The Series C Preferred Stock is convertible into common stock at the option of the holder at a conversion rate of 24.3132 shares of common stock per share of Series C Preferred Stock. In the first quarter of 2014, 10 shares of the Series C Preferred Stock were converted at the option of the respective holders into 244 shares of the Company's common stock. In the fourth quarter of 2013, 23 shares of the Series C Preferred Stock were converted at the option of the respective holders into 558 shares of the Company's common stock. On and after April 15, 2017, the Company will have the right under certain circumstances to cause the Series C Preferred Stock to be converted into common stock if the closing price of the Company’s common stock exceeds a certain amount. | ||||||||||||||||||
Common Stock Warrant | ||||||||||||||||||
Pursuant to the U.S. Department of the Treasury’s (the “U.S. Treasury”) Capital Purchase Program, on December 19, 2008, the Company issued to the U.S. Treasury a warrant to exercise 1,643,295 warrant shares of Wintrust common stock at a per share exercise price of $22.82 and with a term of 10 years. In February 2011, the U.S. Treasury sold all of its interest in the warrant issued to it in a secondary underwritten public offering. During the second quarter of 2014, certain holders of the interest in the warrant exercised 499,929 warrant shares at the exercise price, which resulted in 259,071 of common stock issued. At June 30, 2014, all remaining holders of the interest in the warrant are able to exercise 1,143,366 warrant shares at the stated exercise price. | ||||||||||||||||||
The Company previously issued other warrants to acquire common stock. These warrants entitled the holders to purchase one share of the Company’s common stock at a purchase price of $30.50 per share. Of the 19,000 warrants previously outstanding, 18,000 were exercised in March 2012 and 1,000 were exercised in February 2013. As a result, none of these warrants were outstanding at June 30, 2014. | ||||||||||||||||||
Other | ||||||||||||||||||
In May 2013, the Company issued 648,286 shares of its common stock in the acquisition of FLB. | ||||||||||||||||||
At the April 2014 Board of Directors meeting, a quarterly cash dividend of $0.10 per share ($0.40 on an annualized basis) was declared. It was paid on May 22, 2014 to shareholders of record as of May 8, 2014. At the January 2014 Board of Directors meeting, a quarterly cash dividend of $0.10 per share ($0.40 on an annualized basis) was declared. It was paid on February 20, 2014 to shareholders of record as of February 6, 2014. | ||||||||||||||||||
Accumulated Other Comprehensive Income (Loss) | ||||||||||||||||||
The following tables summarize the components of other comprehensive income (loss), including the related income tax effects, and the related amount reclassified to net income for the periods presented (in thousands). | ||||||||||||||||||
Accumulated | Accumulated | Accumulated | Total | |||||||||||||||
Unrealized (Losses) Gains on Securities | Unrealized | Foreign | Accumulated | |||||||||||||||
Losses on | Currency | Other | ||||||||||||||||
Derivative | Translation | Comprehensive | ||||||||||||||||
Instruments | Adjustments | Income (Loss) | ||||||||||||||||
Balance at April 1, 2014 | $ | (39,923 | ) | $ | (2,521 | ) | $ | (14,309 | ) | $ | (56,753 | ) | ||||||
Other comprehensive income (loss) during the period, net of tax, before reclassifications | 15,717 | (691 | ) | 6,707 | 21,733 | |||||||||||||
Amount reclassified from accumulated other comprehensive income, net of tax | 203 | 314 | — | 517 | ||||||||||||||
Net other comprehensive income (loss) during the period, net of tax | $ | 15,920 | $ | (377 | ) | $ | 6,707 | $ | 22,250 | |||||||||
Balance at June 30, 2014 | $ | (24,003 | ) | $ | (2,898 | ) | $ | (7,602 | ) | $ | (34,503 | ) | ||||||
Balance at January 1, 2014 | $ | (53,665 | ) | $ | (2,462 | ) | $ | (6,909 | ) | $ | (63,036 | ) | ||||||
Other comprehensive income (loss) during the period, net of tax, before reclassifications | 29,439 | (1,047 | ) | (693 | ) | 27,699 | ||||||||||||
Amount reclassified from accumulated other comprehensive income, net of tax | 223 | 611 | — | 834 | ||||||||||||||
Net other comprehensive income (loss)during the period, net of tax | $ | 29,662 | $ | (436 | ) | $ | (693 | ) | $ | 28,533 | ||||||||
Balance at June 30, 2014 | $ | (24,003 | ) | $ | (2,898 | ) | $ | (7,602 | ) | $ | (34,503 | ) | ||||||
Balance at April 1, 2013 | $ | 1,910 | $ | (4,404 | ) | $ | 1,427 | $ | (1,067 | ) | ||||||||
Other comprehensive (loss) income during the period, net of tax, before reclassifications | (43,122 | ) | 351 | (6,318 | ) | (49,089 | ) | |||||||||||
Amount reclassified from accumulated other comprehensive income, net of tax | (1 | ) | 953 | — | 952 | |||||||||||||
Net other comprehensive (loss) income during the period, net of tax | $ | (43,123 | ) | $ | 1,304 | $ | (6,318 | ) | $ | (48,137 | ) | |||||||
Balance at June 30, 2013 | $ | (41,213 | ) | $ | (3,100 | ) | $ | (4,891 | ) | $ | (49,204 | ) | ||||||
Balance at January 1, 2013 | $ | 6,710 | $ | (5,292 | ) | $ | 6,293 | $ | 7,711 | |||||||||
Other comprehensive (loss) income during the period, net of tax, before reclassifications | (47,771 | ) | 312 | (11,184 | ) | (58,643 | ) | |||||||||||
Amount reclassified from accumulated other comprehensive income, net of tax | (152 | ) | 1,880 | — | 1,728 | |||||||||||||
Net other comprehensive (loss) income during the period, net of tax | $ | (47,923 | ) | $ | 2,192 | $ | (11,184 | ) | $ | (56,915 | ) | |||||||
Balance at June 30, 2013 | $ | (41,213 | ) | $ | (3,100 | ) | $ | (4,891 | ) | $ | (49,204 | ) | ||||||
Amount Reclassified from Accumulated Other Comprehensive Income for the | ||||||||||||||||||
Details Regarding the Component of | Three months ended | Six months ended | Impacted Line on the Consolidated Statements of Income | |||||||||||||||
Accumulated Other Comprehensive Income | 30-Jun-14 | 30-Jun-13 | 30-Jun-14 | 30-Jun-13 | ||||||||||||||
Accumulated unrealized losses on securities | ||||||||||||||||||
Gains included in net income | $ | (336 | ) | $ | 2 | $ | (369 | ) | $ | 253 | (Losses) gains on available-for-sale securities, net | |||||||
(336 | ) | 2 | (369 | ) | 253 | Income before taxes | ||||||||||||
Tax effect | $ | 133 | $ | (1 | ) | $ | 146 | $ | (101 | ) | Income tax expense | |||||||
Net of tax | $ | (203 | ) | $ | 1 | $ | (223 | ) | $ | 152 | Net income | |||||||
Accumulated unrealized losses on derivative instruments | ||||||||||||||||||
Amount reclassified to interest expense on junior subordinated debentures | $ | 521 | $ | 1,583 | $ | 1,014 | $ | 3,122 | Interest on junior subordinated debentures | |||||||||
(521 | ) | (1,583 | ) | (1,014 | ) | (3,122 | ) | Income before taxes | ||||||||||
Tax effect | $ | 207 | $ | 630 | $ | 403 | $ | 1,242 | Income tax expense | |||||||||
Net of tax | $ | (314 | ) | $ | (953 | ) | $ | (611 | ) | $ | (1,880 | ) | Net income | |||||
Earnings per Share | ||||||||||||||||||
The following table shows the computation of basic and diluted earnings per share for the periods indicated: | ||||||||||||||||||
Three Months Ended | Six months ended | |||||||||||||||||
(In thousands, except per share data) | 30-Jun-14 | 30-Jun-13 | 30-Jun-14 | June 30, | ||||||||||||||
2013 | ||||||||||||||||||
Net income | $ | 38,541 | $ | 34,307 | $ | 73,041 | $ | 66,359 | ||||||||||
Less: Preferred stock dividends and discount accretion | 1,581 | 2,617 | 3,162 | 5,233 | ||||||||||||||
Net income applicable to common shares—Basic | (A) | 36,960 | 31,690 | 69,879 | 61,126 | |||||||||||||
Add: Dividends on convertible preferred stock, if dilutive | 1,581 | 2,581 | 3,162 | 5,162 | ||||||||||||||
Net income applicable to common shares—Diluted | (B) | 38,541 | 34,271 | 73,041 | 66,288 | |||||||||||||
Weighted average common shares outstanding | (C) | 46,520 | 37,486 | 46,358 | 37,231 | |||||||||||||
Effect of dilutive potential common shares | ||||||||||||||||||
Common stock equivalents | 1,327 | 7,334 | 1,381 | 7,343 | ||||||||||||||
Convertible preferred stock, if dilutive | 3,075 | 5,020 | 3,075 | 5,020 | ||||||||||||||
Total dilutive potential common shares | 4,402 | 12,354 | 4,456 | 12,363 | ||||||||||||||
Weighted average common shares and effect of dilutive potential common shares | (D) | 50,922 | 49,840 | 50,814 | 49,594 | |||||||||||||
Net income per common share: | ||||||||||||||||||
Basic | (A/C) | $ | 0.79 | $ | 0.85 | $ | 1.51 | $ | 1.64 | |||||||||
Diluted | (B/D) | $ | 0.76 | $ | 0.69 | $ | 1.44 | $ | 1.34 | |||||||||
Potentially dilutive common shares can result from stock options, restricted stock unit awards, stock warrants, the Company’s convertible preferred stock, tangible equity unit shares and shares to be issued under the Employee Stock Purchase Plan and the Directors Deferred Fee and Stock Plan, being treated as if they had been either exercised or issued, computed by application of the treasury stock method. While potentially dilutive common shares are typically included in the computation of diluted earnings per share, potentially dilutive common shares are excluded from this computation in periods in which the effect would reduce the loss per share or increase the income per share. For diluted earnings per share, net income applicable to common shares can be affected by the conversion of the Company’s convertible preferred stock. Where the effect of this conversion would reduce the loss per share or increase the income per share, net income applicable to common shares is not adjusted by the associated preferred dividends. |
Subsequent_Events
Subsequent Events | 6 Months Ended |
Jun. 30, 2014 | |
Subsequent Events [Abstract] | ' |
Subsequent Events | ' |
Subsequent Events | |
On July 11, 2014, the Company, through its wholly-owned subsidiary Town Bank, completed its acquisition of the Pewaukee, Wisconsin branch of THE National Bank. In addition to the banking facility, Town Bank acquired approximately $81 million in loans and approximately $36 million in deposits, prior to purchase accounting adjustments. | |
On August 8, 2014, the Company, through its wholly-owned subsidiary Town Bank, completed its acquisition of 11 branches of Talmer Bank & Trust. In addition to the banking locations, Town Bank acquired approximately $360 million in deposits, prior to purchase accounting adjustments. |
Basis_of_Presentation_Policies
Basis of Presentation (Policies) | 6 Months Ended | |||||||||||
Jun. 30, 2014 | ||||||||||||
Accounting Policies [Abstract] | ' | |||||||||||
Business Combinations | ' | |||||||||||
Loans comprise the majority of the assets acquired in nearly all of these FDIC-assisted transactions since 2010, most of which are subject to loss sharing agreements with the FDIC whereby the FDIC has agreed to reimburse the Company for 80% of losses incurred on the purchased loans, other real estate owned (“OREO”), and certain other assets. Additionally, the loss share agreements with the FDIC require the Company to reimburse the FDIC in the event that actual losses on covered assets are lower than the original loss estimates agreed upon with the FDIC with respect of such assets in the loss share agreements. The Company refers to the loans subject to these loss-sharing agreements as “covered loans” and uses the term “covered assets” to refer to covered loans, covered OREO and certain other covered assets. The agreements with the FDIC require that the Company follow certain servicing procedures or risk losing the FDIC reimbursement of covered asset losses. | ||||||||||||
The loans covered by the loss sharing agreements are classified and presented as covered loans and the estimated reimbursable losses are recorded as an FDIC indemnification asset in the Consolidated Statements of Condition. The Company recorded the acquired assets and liabilities at their estimated fair values at the acquisition date. The fair value for loans reflected expected credit losses at the acquisition date. Therefore, the Company will only recognize a provision for credit losses and charge-offs on the acquired loans for any further credit deterioration subsequent to the acquisition date. See Note 7 — Allowance for Loan Losses, Allowance for Losses on Lending-Related Commitments and Impaired Loans for further discussion of the allowance on covered loans. | ||||||||||||
The loss share agreements with the FDIC cover realized losses on loans, foreclosed real estate and certain other assets. These loss share assets are measured separately from the loan portfolios because they are not contractually embedded in the loans and are not transferable with the loans should the Company choose to dispose of them. Fair values at the acquisition dates were estimated based on projected cash flows available for loss-share based on the credit adjustments estimated for each loan pool and the loss share percentages. The loss share assets are also separately measured from the related loans and foreclosed real estate and recorded as FDIC indemnification assets on the Consolidated Statements of Condition. Subsequent to the acquisition date, reimbursements received from the FDIC for actual incurred losses will reduce the FDIC indemnification assets. Reductions to expected losses, to the extent such reductions to expected losses are the result of an improvement to the actual or expected cash flows from the covered assets, will also reduce the FDIC indemnification assets. Although these assets are contractual receivables from the FDIC, there are no contractual interest rates. Additions to expected losses will require an increase to the allowance for loan losses and a corresponding increase to the FDIC indemnification assets. The corresponding accretion is recorded as a component of non-interest income on the Consolidated Statements of Income. | ||||||||||||
Acquired Loans with Evidence of Credit Quality Deterioration | ' | |||||||||||
Purchased loans acquired in a business combination are recorded at estimated fair value on their purchase date. Expected future cash flows at the purchase date in excess of the fair value of loans are recorded as interest income over the life of the loans if the timing and amount of the future cash flows is reasonably estimable (“accretable yield”). The difference between contractually required payments and the cash flows expected to be collected at acquisition is referred to as the non-accretable difference and represents probable losses in the portfolio. | ||||||||||||
In determining the acquisition date fair value of purchased impaired loans, and in subsequent accounting, the Company aggregates these purchased loans into pools of loans by common risk characteristics, such as credit risk rating and loan type. Subsequent to the purchase date, increases in cash flows over those expected at the purchase date are recognized as interest income prospectively. Subsequent decreases to the expected cash flows will generally result in a provision for loan losses. | ||||||||||||
The Company purchased a portfolio of life insurance premium finance receivables in 2009. These purchased life insurance premium finance receivables are valued on an individual basis with the accretable component being recognized into interest income using the effective yield method over the estimated remaining life of the loans. The non-accretable portion is evaluated each quarter and if the loans’ credit related conditions improve, a portion is transferred to the accretable component and accreted over future periods. In the event a specific loan prepays in whole, any remaining accretable and non-accretable discount is recognized in income immediately. If credit related conditions deteriorate, an allowance related to these loans will be established as part of the provision for credit losses. | ||||||||||||
See Note 6—Loans, for more information on loans acquired with evidence of credit quality deterioration since origination. | ||||||||||||
Cash and Cash Equivalents | ' | |||||||||||
For purposes of the Consolidated Statements of Cash Flows, the Company considers cash and cash equivalents to include cash on hand, cash items in the process of collection, non-interest bearing amounts due from correspondent banks, federal funds sold and securities purchased under resale agreements with original maturities of three months or less. | ||||||||||||
Marketable Securities, Available-for-sale Securities, Policy [Policy Text Block] | ' | |||||||||||
The Company conducts a regular assessment of its investment securities to determine whether securities are other-than-temporarily impaired considering, among other factors, the nature of the securities, credit ratings or financial condition of the issuer, the extent and duration of the unrealized loss, expected cash flows, market conditions and the Company’s ability to hold the securities through the anticipated recovery period. | ||||||||||||
Loans | ' | |||||||||||
Certain premium finance receivables are recorded net of unearned income. The unearned income portions of such premium finance receivables were $44.8 million at June 30, 2014, $41.9 million at December 31, 2013 and $41.5 million at June 30, 2013, respectively. Certain life insurance premium finance receivables attributable to the life insurance premium finance loan acquisition in 2009 as well as purchased credit impaired ("PCI") loans acquired with evidence of credit quality deterioration since origination are recorded net of credit discounts. | ||||||||||||
Receivables, Policy [Policy Text Block] | ' | |||||||||||
These amounts include accretion from both covered and non-covered loans, and are included together within interest and fees on loans in the Consolidated Statements of Income. | ||||||||||||
Finance, Loan and Lease Receivables, Held-for-investment, Allowance and Nonperforming Loans, Allowance Policy [Policy Text Block] | ' | |||||||||||
As a result of this initial review by the Company’s Managed Asset Division, the credit risk rating is reviewed and a portion of the outstanding loan balance may be deemed uncollectible or an impairment reserve may be established. The Company’s impairment analysis utilizes an independent re-appraisal of the collateral (unless such a third-party evaluation is not possible due to the unique nature of the collateral, such as a closely-held business or thinly traded securities). In the case of commercial real-estate collateral, an independent third party appraisal is ordered by the Company’s Real Estate Services Group to determine if there has been any change in the underlying collateral value. These independent appraisals are reviewed by the Real Estate Services Group and sometimes by independent third party valuation experts and may be adjusted depending upon market conditions. | ||||||||||||
Through the credit risk rating process, loans are reviewed to determine if they are performing in accordance with the original contractual terms. If the borrower has failed to comply with the original contractual terms, further action may be required by the Company, including a downgrade in the credit risk rating, movement to non-accrual status, a charge-off or the establishment of a specific impairment reserve. If we determine that a loan amount, or portion thereof, is uncollectible, the loan’s credit risk rating is immediately downgraded to an 8 or 9 and the uncollectible amount is charged-off. Any loan that has a partial charge-off continues to be assigned a credit risk rating of an 8 or 9 for the duration of time that a balance remains outstanding. The Company undertakes a thorough and ongoing analysis to determine if additional impairment and/or charge-offs are appropriate and to begin a workout plan for the credit to minimize actual losses. | ||||||||||||
If, based on current information and events, it is probable that the Company will be unable to collect all amounts due to it according to the contractual terms of the loan agreement, a specific impairment reserve is established. In determining the appropriate charge-off for collateral-dependent loans, the Company considers the results of appraisals for the associated collateral. | ||||||||||||
Loans and Leases Receivable, Nonperforming Loan and Lease, Policy [Policy Text Block] | ' | |||||||||||
establishment of a specific impairment reserve. If we determine that a loan amount, or portion thereof, is uncollectible, the loan’s credit risk rating is immediately downgraded to an 8 or 9 and the uncollectible amount is charged-off. Any loan that has a partial charge-off continues to be assigned a credit risk rating of an 8 or 9 for the duration of time that a balance remains outstanding. The Company undertakes a thorough and ongoing analysis to determine if additional impairment and/or charge-offs are appropriate and to begin a workout plan for the credit to minimize actual losses. | ||||||||||||
If, based on current information and events, it is probable that the Company will be unable to collect all amounts due to it according to the contractual terms of the loan agreement, a specific impairment reserve is established. In determining the appropriate charge-off for collateral-dependent loans, the Company considers the results of appraisals for the associated collateral. | ||||||||||||
Non-performing loans include all non-accrual loans (8 and 9 risk ratings) as well as loans 90 days past due and still accruing interest, excluding PCI loans. The remainder of the portfolio is considered performing under the contractual terms of the loan agreement. | ||||||||||||
Loans and Leases Receivable, Allowance for Loan Losses Policy [Policy Text Block] | ' | |||||||||||
In conjunction with FDIC-assisted transactions, the Company entered into loss share agreements with the FDIC. Additional expected losses, to the extent such expected losses result in the recognition of an allowance for loan losses, will increase the FDIC indemnification asset. The allowance for loan losses for loans acquired in FDIC-assisted transactions is determined without giving consideration to the amounts recoverable through loss share agreements (since the loss share agreements are separately accounted for and thus presented “gross” on the balance sheet). On the Consolidated Statements of Income, the provision for credit losses related to covered loans is reported net of changes in the amount recoverable under the loss share agreements. Reductions to expected losses, to the extent such reductions to expected losses are the result of an improvement to the actual or expected cash flows from the covered assets, will reduce the FDIC indemnification asset. Additions to expected losses will require an increase to the allowance for loan losses, and a corresponding increase to the FDIC indemnification asset. | ||||||||||||
Impaired Financing Receivable, Policy [Policy Text Block] | ' | |||||||||||
These impaired loans require an allowance for loan losses because the estimated fair value of the loans or related collateral is less than the recorded investment in the loans. | ||||||||||||
Impaired loans are considered by the Company to be non-accrual loans, TDRs or loans with principal and/or interest at risk, even if the loan is current with all payments of principal and interest. | ||||||||||||
Allowance for Loan Losses, Troubled Debt Restructurings | ' | |||||||||||
The Company’s approach to restructuring loans, excluding PCI loans, is built on its credit risk rating system which requires credit management personnel to assign a credit risk rating to each loan. In each case, the loan officer is responsible for recommending a credit risk rating for each loan and ensuring the credit risk ratings are appropriate. These credit risk ratings are then reviewed and approved by the bank’s chief credit officer and/or concurrence credit officer. Credit risk ratings are determined by evaluating a number of factors including a borrower’s financial strength, cash flow coverage, collateral protection and guarantees. The Company’s credit risk rating scale is one through ten with higher scores indicating higher risk. In the case of loans rated six or worse following modification, the Company’s Managed Assets Division evaluates the loan and the credit risk rating and determines that the loan has been restructured to be reasonably assured of repayment and of performance according to the modified terms and is supported by a current, well-documented credit assessment of the borrower’s financial condition and prospects for repayment under the revised terms. | ||||||||||||
A modification of a loan, excluding PCI loans, with an existing credit risk rating of six or worse or a modification of any other credit which will result in a restructured credit risk rating of six or worse, must be reviewed for possible TDR classification. In that event, our Managed Assets Division conducts an overall credit and collateral review. A modification of these loans is considered to be a TDR if both (1) the borrower is experiencing financial difficulty and (2) for economic or legal reasons, the bank grants a concession to a borrower that it would not otherwise consider. The modification of a loan, excluding PCI loans, where the credit risk rating is five or better both before and after such modification is not considered to be a TDR. Based on the Company’s credit risk rating system, it considers that borrowers whose credit risk rating is five or better are not experiencing financial difficulties and therefore, are not considered TDRs. | ||||||||||||
All credits determined to be a TDR will continue to be classified as a TDR in all subsequent periods, unless the borrower has been in compliance with the loan’s modified terms for a period of six months (including over a calendar year-end) and the modified interest rate represented a market rate at the time of a restructuring. The Managed Assets Division, in consultation with the respective loan officer, determines whether the modified interest rate represented a current market rate at the time of restructuring. Using knowledge of current market conditions and rates, competitive pricing on recent loan originations, and an assessment of various characteristics of the modified loan (including collateral position and payment history), an appropriate market rate for a new borrower with similar risk is determined. If the modified interest rate meets or exceeds this market rate for a new borrower with similar risk, the modified interest rate represents a market rate at the time of restructuring. Additionally, before removing a loan from TDR classification, a review of the current or previously measured impairment on the loan and any concerns related to future performance by the borrower is conducted. If concerns exist about the future ability of the borrower to meet its obligations under the loans based on a credit review by the Managed Assets Division, the TDR classification is not removed from the loan. Loans classified as TDRs that are re-modified subsequent to the initial determination will continue to be classified as TDRs following the re-modification, unless the requirements for removal from TDR classification discussed above are satisfied at the time of the re-modification. | ||||||||||||
TDRs are reviewed at the time of the modification and on a quarterly basis to determine if a specific reserve is necessary. The carrying amount of the loan is compared to the expected payments to be received, discounted at the loan's original rate, or for collateral dependent loans, to the fair value of the collateral. Any shortfall is recorded as a specific reserve. The Company, in accordance with ASC 310-10, continues to individually measure impairment of these loans after the TDR classification is removed. | ||||||||||||
Each TDR was reviewed for impairment at June 30, 2014 and approximately $4.9 million of impairment was present and appropriately reserved for through the Company’s normal reserving methodology in the Company’s allowance for loan losses. For TDRs in which impairment is calculated by the present value of future cash flows, the Company records interest income representing the decrease in impairment resulting from the passage of time during the respective period, which differs from interest income from contractually required interest on these specific loans. During the three months ended June 30, 2014 and 2013, the Company recorded $103,000 and $296,000, respectively, in interest income representing this decrease in impairment. For the six months ended June 30, 2014 and 2013, the Company recorded $235,000 and $522,000, respectively, in interest income. | ||||||||||||
Goodwill Impairment Testing | ' | |||||||||||
At June 30, 2014, the Company utilized a quantitative approach for its annual goodwill impairment test of the community banking segment and determined that it is not more likely than not that an impairment existed at that time. The annual goodwill impairment tests of the specialty finance and wealth management segments will be conducted at December 31, 2014. | ||||||||||||
Intangibles Amortizations | ' | |||||||||||
The core deposit intangibles recognized in connection with prior bank acquisitions are amortized over a ten-year period on an accelerated basis. The customer list intangibles recognized in connection with the purchase of life insurance premium finance assets in 2009 are being amortized over an 18-year period on an accelerated basis while the customer list intangibles recognized in connection with prior acquisitions within the wealth management segment are being amortized over a ten-year period on a straight-line basis. | ||||||||||||
Notes Payable, Federal Home Loan Bank Advances, Other Borrowings, Secured Borrowings and Subordinated Notes | ' | |||||||||||
At issuance, the junior subordinated notes were recorded at their initial principal balance of $44.7 million, net of issuance costs. These notes had a stated interest rate of 9.5% and required quarterly principal and interest payments of $4.3 million, with an initial payment of $4.6 million that was paid on March 15, 2011. The issuance costs were amortized to interest expense using the effective-interest method. | ||||||||||||
FHLB advances are stated at par value of the debt adjusted for unamortized fair value adjustments recorded in connection with advances acquired through acquisitions. | ||||||||||||
Offsetting Assets and Liabilities | ' | |||||||||||
The Company records securities sold under repurchase agreements at their gross value and does not offset positions on the Consolidated Statements of Condition. | ||||||||||||
Repurchase Agreements, Collateral | ' | |||||||||||
Securities pledged for customer balances in sweep accounts and short-term borrowings from brokers are maintained under the Company’s control and consist of U.S. Government agency, mortgage-backed and corporate securities. These securities are included in the available-for-sale securities portfolio as reflected on the Company’s Consolidated Statements of Condition. | ||||||||||||
Junior Subordinated Debentures | ' | |||||||||||
The Trusts are reported in the Company’s consolidated financial statements as unconsolidated subsidiaries. Accordingly, in the Consolidated Statements of Condition, the junior subordinated debentures issued by the Company to the Trusts are reported as liabilities and the common securities of the Trusts, all of which are owned by the Company, are included in available-for-sale securities. | ||||||||||||
Segment Reporting, Policy [Policy Text Block] | ' | |||||||||||
The Company’s operations consist of three primary segments: community banking, specialty finance and wealth management. | ||||||||||||
The three reportable segments are strategic business units that are separately managed as they offer different products and services and have different marketing strategies. In addition, each segment’s customer base has varying characteristics and each segment has a different regulatory environment. While the Company’s management monitors each of the fifteen bank subsidiaries’ operations and profitability separately, these subsidiaries have been aggregated into one reportable operating segment due to the similarities in products and services, customer base, operations, profitability measures, and economic characteristics. | ||||||||||||
As of December 31, 2013, management made changes in its approach to measure segment profitability. For purposes of internal segment profitability, management allocates certain intersegment and parent company balances. Management allocates a portion of revenues to the specialty finance segment related to loans originated by the specialty finance segment and sold to the community banking segment. Similarly, for purposes of analyzing the contribution from the wealth management segment, management allocates a portion of the net interest income earned by the community banking segment on deposit balances of customers of the wealth management segment to the wealth management segment. See Note 9 — Deposits, for more information on these deposits. Finally, expenses incurred at the Wintrust parent company are allocated to each segment based on each segment's risk-weighted assets. | ||||||||||||
The segment financial information provided in the following tables has been derived from the internal profitability reporting system used by management to monitor and manage the financial performance of the Company. The accounting policies of the segments are substantially similar to as those described in “Summary of Significant Accounting Policies” in Note 1 of the Company’s 2013 Form 10-K. The Company evaluates segment performance based on after-tax profit or loss and other appropriate profitability measures common to each segment. | ||||||||||||
Derivatives, Policy [Policy Text Block] | ' | |||||||||||
The Company recognizes derivative financial instruments in the consolidated financial statements at fair value regardless of the purpose or intent for holding the instrument. The Company records derivative assets and derivative liabilities on the Consolidated Statements of Condition within accrued interest receivable and other assets and accrued interest payable and other liabilities, respectively. Changes in the fair value of derivative financial instruments are either recognized in income or in shareholders’ equity as a component of other comprehensive income depending on whether the derivative financial instrument qualifies for hedge accounting and, if so, whether it qualifies as a fair value hedge or cash flow hedge. Generally, changes in fair values of derivatives accounted for as fair value hedges are recorded in income in the same period and in the same income statement line as changes in the fair values of the hedged items that relate to the hedged risk(s). Changes in fair values of derivative financial instruments accounted for as cash flow hedges, to the extent they are effective hedges, are recorded as a component of other comprehensive income, net of deferred taxes, and reclassified to earnings when the hedged transaction affects earnings. Changes in fair values of derivative financial instruments not designated in a hedging relationship pursuant to ASC 815, including changes in fair value related to the ineffective portion of cash flow hedges, are reported in non-interest income during the period of the change. Derivative financial instruments are valued by a third party and are corroborated through comparison with valuations provided by the respective counterparties. Fair values of certain mortgage banking derivatives (interest rate lock commitments and forward commitments to sell mortgage loans) are estimated based on changes in mortgage interest rates from the date of the loan commitment. The fair value of foreign currency derivatives is computed based on changes in foreign currency rates stated in the contract compared to those prevailing at the measurement date. | ||||||||||||
Offsetting of Derivative Instruments | ' | |||||||||||
The Company records interest rate derivatives subject to master netting agreements at their gross value and does not offset derivative assets and liabilities on the Consolidated Statements of Condition | ||||||||||||
Fair Value Measurement | ' | |||||||||||
The Company measures, monitors and discloses certain of its assets and liabilities on a fair value basis. These financial assets and financial liabilities are measured at fair value in three levels, based on the markets in which the assets and liabilities are traded and the observability of the assumptions used to determine fair value. These levels are: | ||||||||||||
• | Level 1—unadjusted quoted prices in active markets for identical assets or liabilities. | |||||||||||
• | Level 2—inputs other than quoted prices included in Level 1 that are observable for the asset or liability, either directly or indirectly. These include quoted prices for similar assets or liabilities in active markets, quoted prices for identical or similar assets or liabilities in markets that are not active, inputs other than quoted prices that are observable for the asset or liability or inputs that are derived principally from or corroborated by observable market data by correlation or other means. | |||||||||||
• | Level 3—significant unobservable inputs that reflect the Company’s own assumptions that market participants would use in pricing the assets or liabilities. Level 3 assets and liabilities include financial instruments whose value is determined using pricing models, discounted cash flow methodologies, or similar techniques, as well as instruments for which the determination of fair value requires significant management judgment or estimation. | |||||||||||
A financial instrument’s categorization within the above valuation hierarchy is based upon the lowest level of input that is significant to the fair value measurement. The Company’s assessment of the significance of a particular input to the fair value measurement in its entirety requires judgment, and considers factors specific to the assets or liabilities. | ||||||||||||
Compensation Related Costs, Policy [Policy Text Block] | ' | |||||||||||
Stock-based compensation is measured as the fair value of an award on the date of grant, and the measured cost is recognized over the period which the recipient is required to provide service in exchange for the award. The fair values of restricted share and performance-based stock awards are determined based on the average of the high and low trading prices on the grant date, and the fair value of stock options is estimated using a Black-Scholes option-pricing model that utilizes the assumptions outlined in the following table. Option-pricing models require the input of highly subjective assumptions and are sensitive to changes in the option's expected life and the price volatility of the underlying stock, which can materially affect the fair value estimate. Expected life has been based on historical exercise and termination behavior as well as the term of the option, but the expected life of the options granted pursuant to the LTIP awards has been based on the safe harbor rule of the SEC Staff Accounting Bulletin No. 107 “Share-Based Payment” as the Company believes historical exercise data may not provide a reasonable basis to estimate the expected term of these options. Expected stock price volatility is based on historical volatility of the Company's common stock, which correlates with the expected life of the options, and the risk-free interest rate is based on comparable U.S. Treasury rates. Management reviews and adjusts the assumptions used to calculate the fair value of an option on a periodic basis to better reflect expected trends. | ||||||||||||
The following table presents the weighted average assumptions used to determine the fair value of options granted in the six month periods ending June 30, 2014 and 2013. | ||||||||||||
Six Months Ended | Six Months Ended | |||||||||||
June 30, | June 30, | |||||||||||
2014 | 2013 | |||||||||||
Expected dividend yield | 0.4 | % | 0.5 | % | ||||||||
Expected volatility | 30.8 | % | 59.6 | % | ||||||||
Risk-free rate | 0.7 | % | 0.7 | % | ||||||||
Expected option life (in years) | 4.5 | 4.5 | ||||||||||
Stock based compensation is recognized based upon the number of awards that are ultimately expected to vest. Forfeitures are estimated based on historical forfeiture experience. In addition, for performance-based awards, an estimate is made of the number of shares expected to vest as a result of projected performance against the performance criteria in the award to determine the amount of compensation expense to recognize. The estimate is reevaluated periodically and total compensation expense is adjusted for any change in estimate in the current period. Stock-based compensation expense recognized in the Consolidated Statements of Income was $2.1 million in the second quarter of 2014 and $2.2 million in the second quarter of 2013, respectively, and $5.9 million and $4.5 million for the 2014 and 2013 year-to-date periods, respectively. The first quarter of 2014 includes a $2.1 million charge for a modification to the performance measurement criteria related to the 2011 LTIP performance-based stock grants that were vested and paid out in the first quarter of 2014. The cost of the modification was determined based on the stock price on the date of re-measurement and paid to the holders of the performance-based stock awards in cash. Similarly, in the first quarter of 2014, a modification was made to the performance measurement criteria related to the performance-based cash awards granted under the LTIP in 2011. These awards vested and were paid out in the first quarter of 2014 and the Company recognized an additional charge of $3.0 million related to the modification. | ||||||||||||
Tangible Equity Unit | ' | |||||||||||
The prepaid stock purchase contracts were recorded as surplus (a component of shareholders’ equity), net of issuance costs, and the junior subordinated amortizing notes were recorded as debt within other borrowings. Issuance costs associated with the debt component were recorded as a discount within other borrowings and were amortized over the term of the instrument to December 15, 2013 at which time they were paid in full. The Company allocated the proceeds from the issuance of the TEU to equity and debt based on the relative fair values of the respective components of each unit. | ||||||||||||
The aggregate fair values assigned to each component of the TEU offering at the issuance date were as follows: | ||||||||||||
(Dollars in thousands, except per unit amounts) | Equity | Debt | TEU Total | |||||||||
Component | Component | |||||||||||
Units issued (1) | 4,600 | 4,600 | 4,600 | |||||||||
Unit price | $ | 40.271818 | $ | 9.728182 | $ | 50 | ||||||
Gross proceeds | 185,250 | 44,750 | 230,000 | |||||||||
Issuance costs, including discount | 5,934 | 1,419 | 7,353 | |||||||||
Net proceeds | $ | 179,316 | $ | 43,331 | $ | 222,647 | ||||||
Balance sheet impact | ||||||||||||
Other borrowings | — | 43,331 | 43,331 | |||||||||
Surplus | 179,316 | — | 179,316 | |||||||||
-1 | TEUs consisted of two components: one unit of the equity component and one unit of the debt component. | |||||||||||
The fair value of the debt component was determined using a discounted cash flow model using the following assumptions: (1) quarterly cash payments of 7.5%; (2) a maturity date of December 15, 2013; and (3) an assumed discount rate of 9.5%. The discount rate used for estimating the fair value was determined by obtaining yields for comparably-rated issuers trading in the market. The debt component was recorded at fair value, and the discount was amortized using the level yield method over the term of the instrument to the settlement date of December 15, 2013. | ||||||||||||
The fair value of the equity component was determined using Black-Scholes valuation models applied to the range of stock prices contemplated by the terms of the TEU and used the following assumptions: (1) risk-free interest rate of 0.95%; (2) expected stock price volatility in the range of 35%-45%; (3) dividend yield plus stock borrow cost of 0.85%; and (4) term of 3.02 years. | ||||||||||||
Each junior subordinated amortizing note, which had an initial principal amount of $9.728182, had a stated interest rate of 9.50% per annum, and had a scheduled final installment payment date of December 15, 2013. On each March 15, June 15, September 15 and December 15, the Company paid equal quarterly installments of $0.9375 on each amortizing note. The quarterly installment payable at March 15, 2011, however, was $0.989583. Each payment constituted a payment of interest and a partial repayment of principal. The issuance costs were amortized to interest expense using the effective-interest method. | ||||||||||||
Each prepaid common stock purchase contract automatically settled on December 15, 2013 and the Company delivered 1.3333 shares of its common stock based on the applicable market value (the average of the volume weighted average price of Company common stock for the twenty (20) consecutive trading days ending on the third trading day immediately preceding December 15, 2013). Upon settlement, an amount equal to $1.00 per common share issued was reclassified from surplus to common stock. | ||||||||||||
Earnings Per Share | ' | |||||||||||
Potentially dilutive common shares can result from stock options, restricted stock unit awards, stock warrants, the Company’s convertible preferred stock, tangible equity unit shares and shares to be issued under the Employee Stock Purchase Plan and the Directors Deferred Fee and Stock Plan, being treated as if they had been either exercised or issued, computed by application of the treasury stock method. While potentially dilutive common shares are typically included in the computation of diluted earnings per share, potentially dilutive common shares are excluded from this computation in periods in which the effect would reduce the loss per share or increase the income per share. For diluted earnings per share, net income applicable to common shares can be affected by the conversion of the Company’s convertible preferred stock. Where the effect of this conversion would reduce the loss per share or increase the income per share, net income applicable to common shares is not adjusted by the associated preferred dividends. |
Business_Combinations_Tables
Business Combinations (Tables) | 6 Months Ended | |||||||||||||||
Jun. 30, 2014 | ||||||||||||||||
Business Combinations [Abstract] | ' | |||||||||||||||
FDIC Indemnification Asset Roll Forward | ' | |||||||||||||||
The following table summarizes the activity in the Company’s FDIC indemnification asset during the periods indicated: | ||||||||||||||||
Three Months Ended | Six Months Ended | |||||||||||||||
(Dollars in thousands) | June 30, | June 30, | June 30, | June 30, | ||||||||||||
2014 | 2013 | 2014 | 2013 | |||||||||||||
Balance at beginning of period | $ | 60,298 | $ | 170,696 | $ | 85,672 | $ | 208,160 | ||||||||
Additions from acquisitions | — | — | — | — | ||||||||||||
Additions from reimbursable expenses | 2,067 | 2,827 | 3,349 | 7,860 | ||||||||||||
Amortization | (1,456 | ) | (1,653 | ) | (3,059 | ) | (4,121 | ) | ||||||||
Changes in expected reimbursements from the FDIC for changes in expected credit losses | (13,645 | ) | (26,638 | ) | (29,029 | ) | (52,735 | ) | ||||||||
Payments received from the FDIC | (1,149 | ) | (7,551 | ) | (10,818 | ) | (21,483 | ) | ||||||||
Balance at end of period | $ | 46,115 | $ | 137,681 | $ | 46,115 | $ | 137,681 | ||||||||
AvailableForSale_Securities_Ta
Available-For-Sale Securities (Tables) | 6 Months Ended | |||||||||||||||||||||||
Jun. 30, 2014 | ||||||||||||||||||||||||
Available-for-sale Securities [Abstract] | ' | |||||||||||||||||||||||
Schedule Of The Available-For-Sale Securities Reconciliation | ' | |||||||||||||||||||||||
The following tables are a summary of the available-for-sale securities portfolio as of the dates shown: | ||||||||||||||||||||||||
30-Jun-14 | ||||||||||||||||||||||||
(Dollars in thousands) | Amortized | Gross | Gross | Fair | ||||||||||||||||||||
Cost | Unrealized | Unrealized | Value | |||||||||||||||||||||
Gains | Losses | |||||||||||||||||||||||
U.S. Treasury | $ | 399,031 | $ | 354 | $ | (10,970 | ) | $ | 388,415 | |||||||||||||||
U.S. Government agencies | 798,889 | 4,458 | (37,347 | ) | 766,000 | |||||||||||||||||||
Municipal | 173,664 | 4,385 | (1,942 | ) | 176,107 | |||||||||||||||||||
Corporate notes: | ||||||||||||||||||||||||
Financial issuers | 129,211 | 2,402 | (1,387 | ) | 130,226 | |||||||||||||||||||
Other | 4,980 | 97 | — | 5,077 | ||||||||||||||||||||
Mortgage-backed: (1) | ||||||||||||||||||||||||
Mortgage-backed securities | 255,082 | 5,190 | (9,097 | ) | 251,175 | |||||||||||||||||||
Collateralized mortgage obligations | 52,672 | 389 | (673 | ) | 52,388 | |||||||||||||||||||
Equity securities | 50,594 | 4,634 | (376 | ) | 54,852 | |||||||||||||||||||
Total available-for-sale securities | $ | 1,864,123 | $ | 21,909 | $ | (61,792 | ) | $ | 1,824,240 | |||||||||||||||
31-Dec-13 | ||||||||||||||||||||||||
Amortized | Gross | Gross | Fair | |||||||||||||||||||||
Cost | Unrealized | Unrealized | Value | |||||||||||||||||||||
(Dollars in thousands) | Gains | Losses | ||||||||||||||||||||||
U.S. Treasury | $ | 354,262 | $ | 141 | $ | (18,308 | ) | $ | 336,095 | |||||||||||||||
U.S. Government agencies | 950,086 | 1,680 | (56,078 | ) | 895,688 | |||||||||||||||||||
Municipal | 154,463 | 2,551 | (4,298 | ) | 152,716 | |||||||||||||||||||
Corporate notes: | ||||||||||||||||||||||||
Financial issuers | 129,362 | 1,993 | (2,411 | ) | 128,944 | |||||||||||||||||||
Other | 5,994 | 105 | (5 | ) | 6,094 | |||||||||||||||||||
Mortgage-backed: (1) | ||||||||||||||||||||||||
Mortgage-backed securities | 562,708 | 3,537 | (18,047 | ) | 548,198 | |||||||||||||||||||
Collateralized mortgage obligations | 57,711 | 258 | (942 | ) | 57,027 | |||||||||||||||||||
Equity securities | 50,532 | 1,493 | (497 | ) | 51,528 | |||||||||||||||||||
Total available-for-sale securities | $ | 2,265,118 | $ | 11,758 | $ | (100,586 | ) | $ | 2,176,290 | |||||||||||||||
30-Jun-13 | ||||||||||||||||||||||||
Amortized | Gross | Gross | Fair | |||||||||||||||||||||
Cost | Unrealized | Unrealized | Value | |||||||||||||||||||||
(Dollars in thousands) | Gains | Losses | ||||||||||||||||||||||
U.S. Treasury | $ | 225,200 | $ | 134 | $ | (14,359 | ) | $ | 210,975 | |||||||||||||||
U.S. Government agencies | 996,137 | 1,976 | (39,655 | ) | 958,458 | |||||||||||||||||||
Municipal | 152,208 | 1,281 | (3,362 | ) | 150,127 | |||||||||||||||||||
Corporate notes: | ||||||||||||||||||||||||
Financial issuers | 133,453 | 2,290 | (2,783 | ) | 132,960 | |||||||||||||||||||
Other | 8,838 | 135 | — | 8,973 | ||||||||||||||||||||
Mortgage-backed: (1) | ||||||||||||||||||||||||
Mortgage-backed securities | 279,925 | 3,971 | (14,866 | ) | 269,030 | |||||||||||||||||||
Collateralized mortgage obligations | 63,833 | 434 | (530 | ) | 63,737 | |||||||||||||||||||
Equity securities | 52,437 | 746 | (3,619 | ) | 49,564 | |||||||||||||||||||
Total available-for-sale securities | $ | 1,912,031 | $ | 10,967 | $ | (79,174 | ) | $ | 1,843,824 | |||||||||||||||
-1 | Consisting entirely of residential mortgage-backed securities, none of which are subprime. | |||||||||||||||||||||||
Available-For-Sale Securities, Continuous Unrealized Loss Position, Fair Value | ' | |||||||||||||||||||||||
The following table presents the portion of the Company’s available-for-sale securities portfolio which has gross unrealized losses, reflecting the length of time that individual securities have been in a continuous unrealized loss position at June 30, 2014: | ||||||||||||||||||||||||
Continuous unrealized | Continuous unrealized | Total | ||||||||||||||||||||||
losses existing for | losses existing for | |||||||||||||||||||||||
less than 12 months | greater than 12 months | |||||||||||||||||||||||
(Dollars in thousands) | Fair Value | Unrealized Losses | Fair Value | Unrealized Losses | Fair Value | Unrealized Losses | ||||||||||||||||||
U.S. Treasury | $ | — | $ | — | $ | 189,188 | $ | (10,970 | ) | $ | 189,188 | $ | (10,970 | ) | ||||||||||
U.S. Government agencies | 26,310 | (460 | ) | 445,927 | (36,887 | ) | 472,237 | (37,347 | ) | |||||||||||||||
Municipal | 5,866 | (36 | ) | 55,190 | (1,906 | ) | 61,056 | (1,942 | ) | |||||||||||||||
Corporate notes: | ||||||||||||||||||||||||
Financial issuers | 1,326 | (3 | ) | 57,808 | (1,384 | ) | 59,134 | (1,387 | ) | |||||||||||||||
Other | — | — | — | — | — | — | ||||||||||||||||||
Mortgage-backed: | ||||||||||||||||||||||||
Mortgage-backed securities | 6 | — | 143,712 | (9,097 | ) | 143,718 | (9,097 | ) | ||||||||||||||||
Collateralized mortgage obligations | 7,043 | (130 | ) | 14,261 | (543 | ) | 21,304 | (673 | ) | |||||||||||||||
Equity securities | — | — | 13,425 | (376 | ) | 13,425 | (376 | ) | ||||||||||||||||
Total | $ | 40,551 | $ | (629 | ) | $ | 919,511 | $ | (61,163 | ) | $ | 960,062 | $ | (61,792 | ) | |||||||||
Schedule Of Realized Gain (Loss) | ' | |||||||||||||||||||||||
The following table provides information as to the amount of gross gains and gross losses realized and proceeds received through the sales of available-for-sale investment securities: | ||||||||||||||||||||||||
Three months ended | Six months ended | |||||||||||||||||||||||
(Dollars in thousands) | June 30, | June 30, | June 30, | June 30, | ||||||||||||||||||||
2014 | 2013 | 2014 | 2013 | |||||||||||||||||||||
Realized gains | $ | 99 | $ | 3 | $ | 154 | $ | 316 | ||||||||||||||||
Realized losses | (435 | ) | (1 | ) | (523 | ) | (63 | ) | ||||||||||||||||
Net realized (losses) gains | $ | (336 | ) | $ | 2 | $ | (369 | ) | $ | 253 | ||||||||||||||
Other than temporary impairment charges | — | — | — | — | ||||||||||||||||||||
(Losses) gains on available-for-sale securities, net | $ | (336 | ) | $ | 2 | $ | (369 | ) | $ | 253 | ||||||||||||||
Proceeds from sales of available-for-sale securities | $ | 169,753 | $ | 43,403 | $ | 196,042 | $ | 84,459 | ||||||||||||||||
Investments Classified by Contractual Maturity Date | ' | |||||||||||||||||||||||
The amortized cost and fair value of securities as of June 30, 2014, December 31, 2013 and June 30, 2013, by contractual maturity, are shown in the following table. Contractual maturities may differ from actual maturities as borrowers may have the right to call or repay obligations with or without call or prepayment penalties. Mortgage-backed securities are not included in the maturity categories in the following maturity summary as actual maturities may differ from contractual maturities because the underlying mortgages may be called or prepaid without penalties: | ||||||||||||||||||||||||
30-Jun-14 | 31-Dec-13 | 30-Jun-13 | ||||||||||||||||||||||
(Dollars in thousands) | Amortized Cost | Fair Value | Amortized Cost | Fair Value | Amortized Cost | Fair Value | ||||||||||||||||||
Due in one year or less | $ | 173,991 | $ | 174,220 | $ | 268,847 | $ | 269,168 | $ | 284,334 | $ | 284,734 | ||||||||||||
Due in one to five years | 361,300 | 362,423 | 358,108 | 358,357 | 320,175 | 320,189 | ||||||||||||||||||
Due in five to ten years | 319,641 | 310,196 | 350,372 | 330,020 | 382,837 | 366,341 | ||||||||||||||||||
Due after ten years | 650,843 | 618,986 | 616,840 | 561,992 | 528,490 | 490,229 | ||||||||||||||||||
Mortgage-backed | 307,754 | 303,563 | 620,419 | 605,225 | 343,758 | 332,767 | ||||||||||||||||||
Equity securities | 50,594 | 54,852 | 50,532 | 51,528 | 52,437 | 49,564 | ||||||||||||||||||
Total available-for-sale securities | $ | 1,864,123 | $ | 1,824,240 | $ | 2,265,118 | $ | 2,176,290 | $ | 1,912,031 | $ | 1,843,824 | ||||||||||||
Loans_Tables
Loans (Tables) | 6 Months Ended | |||||||||||||||
Jun. 30, 2014 | ||||||||||||||||
Loans and Leases Receivable Disclosure [Abstract] | ' | |||||||||||||||
Summary Of Loan Portfolio | ' | |||||||||||||||
The following table shows the Company’s loan portfolio by category as of the dates shown: | ||||||||||||||||
June 30, | December 31, | June 30, | ||||||||||||||
(Dollars in thousands) | 2014 | 2013 | 2013 | |||||||||||||
Balance: | ||||||||||||||||
Commercial | $ | 3,640,430 | $ | 3,253,687 | $ | 3,119,931 | ||||||||||
Commercial real-estate | 4,353,472 | 4,230,035 | 4,094,628 | |||||||||||||
Home equity | 713,642 | 719,137 | 758,260 | |||||||||||||
Residential real-estate | 451,905 | 434,992 | 384,961 | |||||||||||||
Premium finance receivables—commercial | 2,378,529 | 2,167,565 | 2,165,734 | |||||||||||||
Premium finance receivables—life insurance | 2,051,645 | 1,923,698 | 1,821,147 | |||||||||||||
Consumer and other | 160,373 | 167,488 | 172,231 | |||||||||||||
Total loans, net of unearned income, excluding covered loans | $ | 13,749,996 | $ | 12,896,602 | $ | 12,516,892 | ||||||||||
Covered loans | 275,154 | 346,431 | 454,602 | |||||||||||||
Total loans | $ | 14,025,150 | $ | 13,243,033 | $ | 12,971,494 | ||||||||||
Mix: | ||||||||||||||||
Commercial | 26 | % | 25 | % | 24 | % | ||||||||||
Commercial real-estate | 31 | 32 | 31 | |||||||||||||
Home equity | 5 | 5 | 6 | |||||||||||||
Residential real-estate | 3 | 3 | 3 | |||||||||||||
Premium finance receivables—commercial | 17 | 16 | 16 | |||||||||||||
Premium finance receivables—life insurance | 15 | 15 | 14 | |||||||||||||
Consumer and other | 1 | 1 | 2 | |||||||||||||
Total loans, net of unearned income, excluding covered loans | 98 | % | 97 | % | 96 | % | ||||||||||
Covered loans | 2 | 3 | 4 | |||||||||||||
Total loans | 100 | % | 100 | % | 100 | % | ||||||||||
Schedule Of Unpaid Principal Balance And Carrying Value Of Acquired Loans Table [Text Block] | ' | |||||||||||||||
The following table presents the unpaid principal balance and carrying value for these acquired loans: | ||||||||||||||||
30-Jun-14 | 31-Dec-13 | |||||||||||||||
Unpaid | Carrying | Unpaid | Carrying | |||||||||||||
Principal | Principal | |||||||||||||||
(Dollars in thousands) | Balance | Value | Balance | Value | ||||||||||||
Bank acquisitions | $ | 349,565 | $ | 265,522 | $ | 453,944 | $ | 338,517 | ||||||||
Life insurance premium finance loans acquisition | 419,805 | 409,760 | 437,155 | 423,906 | ||||||||||||
Activity Related To Accretable Yield Of Loans Acquired With Evidence Of Credit Quality Deterioratio Since Origination | ' | |||||||||||||||
Changes in expected cash flows may vary from period to period as the Company periodically updates its cash flow model assumptions for loans acquired with evidence of credit quality deterioration since origination. The factors that most significantly affect the estimates of gross cash flows expected to be collected, and accordingly the accretable yield, include changes in the benchmark interest rate indices for variable-rate products and changes in prepayment assumptions and loss estimates. The following table provides activity for the accretable yield of loans acquired with evidence of credit quality deterioration since origination: | ||||||||||||||||
Three Months Ended | Three Months Ended | |||||||||||||||
30-Jun-14 | 30-Jun-13 | |||||||||||||||
(Dollars in thousands) | Bank Acquisitions | Life Insurance | Bank | Life Insurance | ||||||||||||
Premium Finance Loans | Acquisitions | Premium | ||||||||||||||
Finance Loans | ||||||||||||||||
Accretable yield, beginning balance | $ | 97,674 | $ | 6,561 | $ | 121,725 | $ | 11,218 | ||||||||
Acquisitions | — | — | 2,055 | — | ||||||||||||
Accretable yield amortized to interest income | (9,617 | ) | (1,433 | ) | (9,347 | ) | (2,254 | ) | ||||||||
Accretable yield amortized to indemnification asset (1) | (11,161 | ) | — | (11,906 | ) | — | ||||||||||
Reclassification from non-accretable difference (2) | 17,928 | — | 30,792 | 1,007 | ||||||||||||
(Decreases) increases in interest cash flows due to payments and changes in interest rates | (2,722 | ) | 51 | (2,463 | ) | 316 | ||||||||||
Accretable yield, ending balance (3) | $ | 92,102 | $ | 5,179 | $ | 130,856 | $ | 10,287 | ||||||||
Six Months Ended | Six Months Ended | |||||||||||||||
30-Jun-14 | 30-Jun-13 | |||||||||||||||
(Dollars in thousands) | Bank Acquisitions | Life Insurance | Bank | Life Insurance | ||||||||||||
Premium Finance Loans | Acquisitions | Premium | ||||||||||||||
Finance Loans | ||||||||||||||||
Accretable yield, beginning balance | $ | 107,655 | $ | 8,254 | $ | 143,224 | $ | 13,055 | ||||||||
Acquisitions | — | — | 1,977 | — | ||||||||||||
Accretable yield amortized to interest income | (17,387 | ) | (3,204 | ) | (18,924 | ) | (4,273 | ) | ||||||||
Accretable yield amortized to indemnification asset (1) | (16,809 | ) | — | (20,612 | ) | — | ||||||||||
Reclassification from non-accretable difference (2) | 26,508 | — | 36,204 | 1,007 | ||||||||||||
(Decreases) increases in interest cash flows due to payments and changes in interest rates | (7,865 | ) | 129 | (11,013 | ) | 498 | ||||||||||
Accretable yield, ending balance (3) | $ | 92,102 | $ | 5,179 | $ | 130,856 | $ | 10,287 | ||||||||
-1 | Represents the portion of the current period accreted yield, resulting from lower expected losses, applied to reduce the loss share indemnification asset. | |||||||||||||||
-2 | Reclassification is the result of subsequent increases in expected principal cash flows. | |||||||||||||||
-3 | As of June 30, 2014, the Company estimates that the remaining accretable yield balance to be amortized to the indemnification asset for the bank acquisitions is $30.0 million. The remainder of the accretable yield related to bank acquisitions is expected to be amortized to interest income. |
Allowance_for_Loan_Losses_Allo1
Allowance for Loan Losses, Allowance for Losses on Lending-Related Commitments and Impaired Loans Allowance for Loan Losses, Allowance for Losses on Lending-Related Commitments and Impaired Loans (Tables) | 6 Months Ended | |||||||||||||||||||||||||||||||||||
Jun. 30, 2014 | ||||||||||||||||||||||||||||||||||||
Loans and Leases Receivable, Allowance [Abstract] | ' | |||||||||||||||||||||||||||||||||||
Schedule Of Aging Of The Company's Loan Portfolio | ' | |||||||||||||||||||||||||||||||||||
The tables below show the aging of the Company’s loan portfolio at June 30, 2014, December 31, 2013 and June 30, 2013: | ||||||||||||||||||||||||||||||||||||
As of June 30, 2014 | 90+ days and still accruing | 60-89 days past due | 30-59 days past due | |||||||||||||||||||||||||||||||||
(Dollars in thousands) | Nonaccrual | Current | Total Loans | |||||||||||||||||||||||||||||||||
Loan Balances: | ||||||||||||||||||||||||||||||||||||
Commercial | ||||||||||||||||||||||||||||||||||||
Commercial and industrial | $ | 6,216 | $ | — | $ | 4,165 | $ | 21,610 | $ | 1,980,489 | $ | 2,012,480 | ||||||||||||||||||||||||
Franchise | — | — | — | 549 | 222,907 | 223,456 | ||||||||||||||||||||||||||||||
Mortgage warehouse lines of credit | — | — | — | 1,680 | 146,531 | 148,211 | ||||||||||||||||||||||||||||||
Community Advantage—homeowners association | — | — | — | — | 94,009 | 94,009 | ||||||||||||||||||||||||||||||
Aircraft | — | — | — | — | 7,847 | 7,847 | ||||||||||||||||||||||||||||||
Asset-based lending | 295 | — | — | 6,047 | 772,002 | 778,344 | ||||||||||||||||||||||||||||||
Tax exempt | — | — | — | — | 208,913 | 208,913 | ||||||||||||||||||||||||||||||
Leases | — | — | — | 36 | 144,399 | 144,435 | ||||||||||||||||||||||||||||||
Other | — | — | — | — | 9,792 | 9,792 | ||||||||||||||||||||||||||||||
PCI - commercial (1) | — | 1,452 | — | 224 | 11,267 | 12,943 | ||||||||||||||||||||||||||||||
Total commercial | 6,511 | 1,452 | 4,165 | 30,146 | 3,598,156 | 3,640,430 | ||||||||||||||||||||||||||||||
Commercial real-estate: | ||||||||||||||||||||||||||||||||||||
Residential construction | — | — | — | 18 | 29,941 | 29,959 | ||||||||||||||||||||||||||||||
Commercial construction | 839 | — | — | — | 154,220 | 155,059 | ||||||||||||||||||||||||||||||
Land | 2,367 | — | 614 | 4,502 | 98,444 | 105,927 | ||||||||||||||||||||||||||||||
Office | 10,950 | — | 999 | 3,911 | 652,057 | 667,917 | ||||||||||||||||||||||||||||||
Industrial | 5,097 | — | 899 | 690 | 610,954 | 617,640 | ||||||||||||||||||||||||||||||
Retail | 6,909 | — | 1,334 | 2,560 | 686,292 | 697,095 | ||||||||||||||||||||||||||||||
Multi-family | 689 | — | 244 | 4,717 | 630,519 | 636,169 | ||||||||||||||||||||||||||||||
Mixed use and other | 9,470 | 309 | 5,384 | 12,300 | 1,350,976 | 1,378,439 | ||||||||||||||||||||||||||||||
PCI - commercial real-estate (1) | — | 15,682 | 155 | 1,595 | 47,835 | 65,267 | ||||||||||||||||||||||||||||||
Total commercial real-estate | 36,321 | 15,991 | 9,629 | 30,293 | 4,261,238 | 4,353,472 | ||||||||||||||||||||||||||||||
Home equity | 5,804 | — | 1,392 | 3,324 | 703,122 | 713,642 | ||||||||||||||||||||||||||||||
Residential real estate | 15,294 | — | 1,487 | 1,978 | 430,364 | 449,123 | ||||||||||||||||||||||||||||||
PCI - residential real estate (1) | — | 988 | 111 | — | 1,683 | 2,782 | ||||||||||||||||||||||||||||||
Premium finance receivables | ||||||||||||||||||||||||||||||||||||
Commercial insurance loans | 12,298 | 10,275 | 12,335 | 14,672 | 2,328,949 | 2,378,529 | ||||||||||||||||||||||||||||||
Life insurance loans | — | 649 | 896 | 4,783 | 1,635,557 | 1,641,885 | ||||||||||||||||||||||||||||||
PCI - life insurance loans (1) | — | — | — | — | 409,760 | 409,760 | ||||||||||||||||||||||||||||||
Consumer and other | 1,116 | 73 | 558 | 600 | 157,828 | 160,175 | ||||||||||||||||||||||||||||||
PCI - consumer and other (1) | — | — | 4 | — | 194 | 198 | ||||||||||||||||||||||||||||||
Total loans, net of unearned income, excluding covered loans | $ | 77,344 | $ | 29,428 | $ | 30,577 | $ | 85,796 | $ | 13,526,851 | $ | 13,749,996 | ||||||||||||||||||||||||
Covered loans | 6,690 | 34,486 | 4,003 | 1,482 | 228,493 | 275,154 | ||||||||||||||||||||||||||||||
Total loans, net of unearned income | $ | 84,034 | $ | 63,914 | $ | 34,580 | $ | 87,278 | $ | 13,755,344 | $ | 14,025,150 | ||||||||||||||||||||||||
-1 | PCI loans represent loans acquired with evidence of credit quality deterioration since origination, in accordance with ASC 310-30. Loan agings are based upon contractually required payments. | |||||||||||||||||||||||||||||||||||
As of December 31, 2013 | 90+ days and still accruing | 60-89 days past due | 30-59 days past due | |||||||||||||||||||||||||||||||||
(Dollars in thousands) | Nonaccrual | Current | Total Loans | |||||||||||||||||||||||||||||||||
Loan Balances: | ||||||||||||||||||||||||||||||||||||
Commercial | ||||||||||||||||||||||||||||||||||||
Commercial and industrial | $ | 10,143 | $ | — | $ | 4,938 | $ | 7,404 | $ | 1,813,721 | $ | 1,836,206 | ||||||||||||||||||||||||
Franchise | — | — | 400 | — | 219,983 | 220,383 | ||||||||||||||||||||||||||||||
Mortgage warehouse lines of credit | — | — | — | — | 67,470 | 67,470 | ||||||||||||||||||||||||||||||
Community Advantage—homeowners association | — | — | — | — | 90,894 | 90,894 | ||||||||||||||||||||||||||||||
Aircraft | — | — | — | — | 10,241 | 10,241 | ||||||||||||||||||||||||||||||
Asset-based lending | 637 | — | 388 | 1,878 | 732,190 | 735,093 | ||||||||||||||||||||||||||||||
Tax exempt | — | — | — | — | 161,239 | 161,239 | ||||||||||||||||||||||||||||||
Leases | — | — | — | 788 | 109,043 | 109,831 | ||||||||||||||||||||||||||||||
Other | — | — | — | — | 11,147 | 11,147 | ||||||||||||||||||||||||||||||
PCI - commercial (1) | — | 274 | 156 | 1,685 | 9,068 | 11,183 | ||||||||||||||||||||||||||||||
Total commercial | 10,780 | 274 | 5,882 | 11,755 | 3,224,996 | 3,253,687 | ||||||||||||||||||||||||||||||
Commercial real-estate | ||||||||||||||||||||||||||||||||||||
Residential construction | 149 | — | — | — | 38,351 | 38,500 | ||||||||||||||||||||||||||||||
Commercial construction | 6,969 | — | — | 505 | 129,232 | 136,706 | ||||||||||||||||||||||||||||||
Land | 2,814 | — | 4,224 | 619 | 99,128 | 106,785 | ||||||||||||||||||||||||||||||
Office | 10,087 | — | 2,265 | 3,862 | 626,027 | 642,241 | ||||||||||||||||||||||||||||||
Industrial | 5,654 | — | 585 | 914 | 626,785 | 633,938 | ||||||||||||||||||||||||||||||
Retail | 10,862 | — | 837 | 2,435 | 642,125 | 656,259 | ||||||||||||||||||||||||||||||
Multi-family | 2,035 | — | — | 348 | 564,154 | 566,537 | ||||||||||||||||||||||||||||||
Mixed use and other | 8,088 | 230 | 3,943 | 15,949 | 1,344,244 | 1,372,454 | ||||||||||||||||||||||||||||||
PCI - commercial real-estate (1) | — | 18,582 | 3,540 | 5,238 | 49,255 | 76,615 | ||||||||||||||||||||||||||||||
Total commercial real-estate | 46,658 | 18,812 | 15,394 | 29,870 | 4,119,301 | 4,230,035 | ||||||||||||||||||||||||||||||
Home equity | 10,071 | — | 1,344 | 3,060 | 704,662 | 719,137 | ||||||||||||||||||||||||||||||
Residential real-estate | 14,974 | — | 1,689 | 5,032 | 410,430 | 432,125 | ||||||||||||||||||||||||||||||
PCI - residential real-estate (1) | — | 1,988 | — | — | 879 | 2,867 | ||||||||||||||||||||||||||||||
Premium finance receivables | ||||||||||||||||||||||||||||||||||||
Commercial insurance loans | 10,537 | 8,842 | 6,912 | 24,094 | 2,117,180 | 2,167,565 | ||||||||||||||||||||||||||||||
Life insurance loans | — | — | 2,524 | 1,808 | 1,495,460 | 1,499,792 | ||||||||||||||||||||||||||||||
PCI - life insurance loans (1) | — | — | — | — | 423,906 | 423,906 | ||||||||||||||||||||||||||||||
Consumer and other | 1,137 | 105 | 76 | 1,010 | 163,956 | 166,284 | ||||||||||||||||||||||||||||||
PCI - consumer and other (1) | — | 181 | — | — | 1,023 | 1,204 | ||||||||||||||||||||||||||||||
Total loans, net of unearned income, excluding covered loans | $ | 94,157 | $ | 30,202 | $ | 33,821 | $ | 76,629 | $ | 12,661,793 | $ | 12,896,602 | ||||||||||||||||||||||||
Covered loans | 9,425 | 56,282 | 5,877 | 7,937 | 266,910 | 346,431 | ||||||||||||||||||||||||||||||
Total loans, net of unearned income | $ | 103,582 | $ | 86,484 | $ | 39,698 | $ | 84,566 | $ | 12,928,703 | $ | 13,243,033 | ||||||||||||||||||||||||
-1 | PCI loans represent loans acquired with evidence of credit quality deterioration since origination, in accordance with ASC 310-30. Loan agings are based upon contractually required payments. | |||||||||||||||||||||||||||||||||||
As of June 30, 2013 | 90+ days and still accruing | 60-89 days past due | 30-59 days past due | |||||||||||||||||||||||||||||||||
(Dollars in thousands) | Nonaccrual | Current | Total Loans | |||||||||||||||||||||||||||||||||
Loan Balances: | ||||||||||||||||||||||||||||||||||||
Commercial | ||||||||||||||||||||||||||||||||||||
Commercial and industrial | $ | 15,432 | $ | — | $ | 2,940 | $ | 12,111 | $ | 1,665,753 | $ | 1,696,236 | ||||||||||||||||||||||||
Franchise | — | — | — | 450 | 201,790 | 202,240 | ||||||||||||||||||||||||||||||
Mortgage warehouse lines of credit | — | — | — | — | 174,422 | 174,422 | ||||||||||||||||||||||||||||||
Community Advantage—homeowners association | — | — | — | — | 83,003 | 83,003 | ||||||||||||||||||||||||||||||
Aircraft | — | — | — | — | 13,174 | 13,174 | ||||||||||||||||||||||||||||||
Asset-based lending | 1,816 | 100 | 2,305 | 4,949 | 676,531 | 685,701 | ||||||||||||||||||||||||||||||
Tax exempt | — | — | — | — | 151,492 | 151,492 | ||||||||||||||||||||||||||||||
Leases | — | — | — | — | 102,409 | 102,409 | ||||||||||||||||||||||||||||||
Other | — | — | — | — | 98 | 98 | ||||||||||||||||||||||||||||||
PCI - commercial (1) | — | 190 | — | 1,632 | 9,334 | 11,156 | ||||||||||||||||||||||||||||||
Total commercial | 17,248 | 290 | 5,245 | 19,142 | 3,078,006 | 3,119,931 | ||||||||||||||||||||||||||||||
Commercial real-estate: | ||||||||||||||||||||||||||||||||||||
Residential construction | 2,659 | 3,263 | 379 | — | 32,998 | 39,299 | ||||||||||||||||||||||||||||||
Commercial construction | 7,857 | — | 1,271 | 70 | 128,845 | 138,043 | ||||||||||||||||||||||||||||||
Land | 5,742 | — | 330 | 4,141 | 106,640 | 116,853 | ||||||||||||||||||||||||||||||
Office | 6,324 | — | 4,210 | 2,720 | 584,503 | 597,757 | ||||||||||||||||||||||||||||||
Industrial | 5,773 | — | 4,597 | 4,984 | 600,147 | 615,501 | ||||||||||||||||||||||||||||||
Retail | 7,471 | — | 1,760 | 2,031 | 596,129 | 607,391 | ||||||||||||||||||||||||||||||
Multi-family | 3,337 | — | 401 | 3,149 | 526,681 | 533,568 | ||||||||||||||||||||||||||||||
Mixed use and other | 15,662 | — | 2,183 | 10,379 | 1,350,581 | 1,378,805 | ||||||||||||||||||||||||||||||
PCI - commercial real-estate (1) | — | 6,466 | 3,430 | 6,226 | 51,289 | 67,411 | ||||||||||||||||||||||||||||||
Total commercial real-estate | 54,825 | 9,729 | 18,561 | 33,700 | 3,977,813 | 4,094,628 | ||||||||||||||||||||||||||||||
Home equity | 12,322 | 25 | 2,085 | 5,821 | 738,007 | 758,260 | ||||||||||||||||||||||||||||||
Residential real estate | 10,213 | — | 1,896 | 1,836 | 368,696 | 382,641 | ||||||||||||||||||||||||||||||
PCI - residential real estate (1) | — | — | 46 | 260 | 2,014 | 2,320 | ||||||||||||||||||||||||||||||
Premium finance receivables | ||||||||||||||||||||||||||||||||||||
Commercial insurance loans | 13,605 | 6,671 | 6,592 | 11,386 | 2,127,480 | 2,165,734 | ||||||||||||||||||||||||||||||
Life insurance loans | 16 | 1,212 | 7,896 | — | 1,337,573 | 1,346,697 | ||||||||||||||||||||||||||||||
PCI - life insurance loans (1) | — | — | — | — | 474,450 | 474,450 | ||||||||||||||||||||||||||||||
Consumer and other | 1,768 | 217 | 512 | 584 | 168,812 | 171,893 | ||||||||||||||||||||||||||||||
PCI - consumer and other (1) | — | 28 | — | — | 310 | 338 | ||||||||||||||||||||||||||||||
Total loans, net of unearned income, excluding covered loans | $ | 109,997 | $ | 18,172 | $ | 42,833 | $ | 72,729 | $ | 12,273,161 | $ | 12,516,892 | ||||||||||||||||||||||||
Covered loans | 3,982 | 97,000 | 10,568 | 4,852 | 338,200 | 454,602 | ||||||||||||||||||||||||||||||
Total loans, net of unearned income | $ | 113,979 | $ | 115,172 | $ | 53,401 | $ | 77,581 | $ | 12,611,361 | $ | 12,971,494 | ||||||||||||||||||||||||
-1 | PCI loans represent loans acquired with evidence of credit quality deterioration since origination, in accordance with ASC 310-30. Loan agings are based upon contractually required payments. | |||||||||||||||||||||||||||||||||||
Summary Of Recorded Investment Based On Performance Of Loans By Class | ' | |||||||||||||||||||||||||||||||||||
The following table presents the recorded investment based on performance of loans by class, excluding covered loans, per the most recent analysis at June 30, 2014, December 31, 2013 and June 30, 2013: | ||||||||||||||||||||||||||||||||||||
Performing | Non-performing | Total | ||||||||||||||||||||||||||||||||||
(Dollars in thousands) | 30-Jun-14 | 31-Dec-13 | 30-Jun-13 | 30-Jun-14 | 31-Dec-13 | 30-Jun-13 | 30-Jun-14 | 31-Dec-13 | 30-Jun-13 | |||||||||||||||||||||||||||
Loan Balances: | ||||||||||||||||||||||||||||||||||||
Commercial | ||||||||||||||||||||||||||||||||||||
Commercial and industrial | $ | 2,006,264 | $ | 1,826,063 | $ | 1,680,804 | $ | 6,216 | $ | 10,143 | $ | 15,432 | $ | 2,012,480 | $ | 1,836,206 | $ | 1,696,236 | ||||||||||||||||||
Franchise | 223,456 | 220,383 | 202,240 | — | — | — | 223,456 | 220,383 | 202,240 | |||||||||||||||||||||||||||
Mortgage warehouse lines of credit | 148,211 | 67,470 | 174,422 | — | — | — | 148,211 | 67,470 | 174,422 | |||||||||||||||||||||||||||
Community Advantage—homeowners association | 94,009 | 90,894 | 83,003 | — | — | — | 94,009 | 90,894 | 83,003 | |||||||||||||||||||||||||||
Aircraft | 7,847 | 10,241 | 13,174 | — | — | — | 7,847 | 10,241 | 13,174 | |||||||||||||||||||||||||||
Asset-based lending | 778,049 | 734,456 | 683,785 | 295 | 637 | 1,916 | 778,344 | 735,093 | 685,701 | |||||||||||||||||||||||||||
Tax exempt | 208,913 | 161,239 | 151,492 | — | — | — | 208,913 | 161,239 | 151,492 | |||||||||||||||||||||||||||
Leases | 144,435 | 109,831 | 102,409 | — | — | — | 144,435 | 109,831 | 102,409 | |||||||||||||||||||||||||||
Other | 9,792 | 11,147 | 98 | — | — | — | 9,792 | 11,147 | 98 | |||||||||||||||||||||||||||
PCI - commercial (1) | 12,943 | 11,183 | 11,156 | — | — | — | 12,943 | 11,183 | 11,156 | |||||||||||||||||||||||||||
Total commercial | 3,633,919 | 3,242,907 | 3,102,583 | 6,511 | 10,780 | 17,348 | 3,640,430 | 3,253,687 | 3,119,931 | |||||||||||||||||||||||||||
Commercial real-estate | ||||||||||||||||||||||||||||||||||||
Residential construction | 29,959 | 38,351 | 33,377 | — | 149 | 5,922 | 29,959 | 38,500 | 39,299 | |||||||||||||||||||||||||||
Commercial construction | 154,220 | 129,737 | 130,186 | 839 | 6,969 | 7,857 | 155,059 | 136,706 | 138,043 | |||||||||||||||||||||||||||
Land | 103,560 | 103,971 | 111,111 | 2,367 | 2,814 | 5,742 | 105,927 | 106,785 | 116,853 | |||||||||||||||||||||||||||
Office | 656,967 | 632,154 | 591,433 | 10,950 | 10,087 | 6,324 | 667,917 | 642,241 | 597,757 | |||||||||||||||||||||||||||
Industrial | 612,543 | 628,284 | 609,728 | 5,097 | 5,654 | 5,773 | 617,640 | 633,938 | 615,501 | |||||||||||||||||||||||||||
Retail | 690,186 | 645,397 | 599,920 | 6,909 | 10,862 | 7,471 | 697,095 | 656,259 | 607,391 | |||||||||||||||||||||||||||
Multi-family | 635,480 | 564,502 | 530,231 | 689 | 2,035 | 3,337 | 636,169 | 566,537 | 533,568 | |||||||||||||||||||||||||||
Mixed use and other | 1,368,660 | 1,364,136 | 1,363,143 | 9,779 | 8,318 | 15,662 | 1,378,439 | 1,372,454 | 1,378,805 | |||||||||||||||||||||||||||
PCI - commercial real-estate(1) | 65,267 | 76,615 | 67,411 | — | — | — | 65,267 | 76,615 | 67,411 | |||||||||||||||||||||||||||
Total commercial real-estate | 4,316,842 | 4,183,147 | 4,036,540 | 36,630 | 46,888 | 58,088 | 4,353,472 | 4,230,035 | 4,094,628 | |||||||||||||||||||||||||||
Home equity | 707,838 | 709,066 | 745,913 | 5,804 | 10,071 | 12,347 | 713,642 | 719,137 | 758,260 | |||||||||||||||||||||||||||
Residential real-estate | 433,829 | 417,151 | 372,428 | 15,294 | 14,974 | 10,213 | 449,123 | 432,125 | 382,641 | |||||||||||||||||||||||||||
PCI - residential real-estate (1) | 2,782 | 2,867 | 2,320 | — | — | — | 2,782 | 2,867 | 2,320 | |||||||||||||||||||||||||||
Premium finance receivables | ||||||||||||||||||||||||||||||||||||
Commercial insurance loans | 2,355,956 | 2,148,186 | 2,145,458 | 22,573 | 19,379 | 20,276 | 2,378,529 | 2,167,565 | 2,165,734 | |||||||||||||||||||||||||||
Life insurance loans | 1,641,236 | 1,499,792 | 1,345,469 | 649 | — | 1,228 | 1,641,885 | 1,499,792 | 1,346,697 | |||||||||||||||||||||||||||
PCI - life insurance loans (1) | 409,760 | 423,906 | 474,450 | — | — | — | 409,760 | 423,906 | 474,450 | |||||||||||||||||||||||||||
Consumer and other | 158,986 | 165,042 | 169,908 | 1,189 | 1,242 | 1,985 | 160,175 | 166,284 | 171,893 | |||||||||||||||||||||||||||
PCI - consumer and other(1) | 198 | 1,204 | 338 | — | — | — | 198 | 1,204 | 338 | |||||||||||||||||||||||||||
Total loans, net of unearned income, excluding covered loans | $ | 13,661,346 | $ | 12,793,268 | $ | 12,395,407 | $ | 88,650 | $ | 103,334 | $ | 121,485 | $ | 13,749,996 | $ | 12,896,602 | $ | 12,516,892 | ||||||||||||||||||
-1 | PCI loans represent loans acquired with evidence of credit quality deterioration since origination, in accordance with ASC 310-30. See Note 6 - Loans for further discussion of these purchased loans. | |||||||||||||||||||||||||||||||||||
Summary Of Activity In The Allowance For Credit Losses By Loan Portfolio | ' | |||||||||||||||||||||||||||||||||||
A summary of activity in the allowance for credit losses by loan portfolio (excluding covered loans) for the three months ended June 30, 2014 and 2013 is as follows: | ||||||||||||||||||||||||||||||||||||
Three months ended June 30, 2014 | Commercial Real-estate | Home Equity | Residential Real-estate | Premium Finance Receivable | Consumer and Other | Total, Excluding Covered Loans | ||||||||||||||||||||||||||||||
(Dollars in thousands) | Commercial | |||||||||||||||||||||||||||||||||||
Allowance for credit losses | ||||||||||||||||||||||||||||||||||||
Allowance for loan losses at beginning of period | $ | 24,689 | $ | 44,605 | $ | 10,966 | $ | 4,691 | $ | 5,582 | $ | 1,742 | $ | 92,275 | ||||||||||||||||||||||
Other adjustments | (22 | ) | (96 | ) | (1 | ) | (2 | ) | 16 | — | (105 | ) | ||||||||||||||||||||||||
Reclassification from (to) allowance for unfunded lending-related commitments | — | (146 | ) | — | — | — | — | (146 | ) | |||||||||||||||||||||||||||
Charge-offs | (2,384 | ) | (2,351 | ) | (730 | ) | (689 | ) | (1,492 | ) | (213 | ) | (7,859 | ) | ||||||||||||||||||||||
Recoveries | 270 | 342 | 122 | 74 | 314 | 153 | 1,275 | |||||||||||||||||||||||||||||
Provision for credit losses | 3,485 | (1,652 | ) | 3,561 | (341 | ) | 1,889 | (129 | ) | 6,813 | ||||||||||||||||||||||||||
Allowance for loan losses at period end | $ | 26,038 | $ | 40,702 | $ | 13,918 | $ | 3,733 | $ | 6,309 | $ | 1,553 | $ | 92,253 | ||||||||||||||||||||||
Allowance for unfunded lending-related commitments at period end | $ | — | $ | 884 | $ | — | $ | — | $ | — | $ | — | $ | 884 | ||||||||||||||||||||||
Allowance for credit losses at period end | $ | 26,038 | $ | 41,586 | $ | 13,918 | $ | 3,733 | $ | 6,309 | $ | 1,553 | $ | 93,137 | ||||||||||||||||||||||
Individually evaluated for impairment | $ | 1,927 | $ | 7,237 | $ | 636 | $ | 484 | $ | — | $ | 102 | $ | 10,386 | ||||||||||||||||||||||
Collectively evaluated for impairment | 24,100 | 34,349 | 13,282 | 3,196 | 6,309 | 1,451 | 82,687 | |||||||||||||||||||||||||||||
Loans acquired with deteriorated credit quality | 11 | — | — | 53 | — | — | 64 | |||||||||||||||||||||||||||||
Loans at period end | ||||||||||||||||||||||||||||||||||||
Individually evaluated for impairment | $ | 12,397 | $ | 100,068 | $ | 6,030 | $ | 18,680 | $ | — | $ | 1,560 | $ | 138,735 | ||||||||||||||||||||||
Collectively evaluated for impairment | 3,615,090 | 4,188,137 | 707,612 | 430,443 | 4,020,414 | 158,615 | 13,120,311 | |||||||||||||||||||||||||||||
Loans acquired with deteriorated credit quality | 12,943 | 65,267 | — | 2,782 | 409,760 | 198 | 490,950 | |||||||||||||||||||||||||||||
Three months ended June 30, 2013 | Commercial Real-estate | Home Equity | Residential Real-estate | Premium Finance Receivable | Consumer and Other | Total, Excluding Covered Loans | ||||||||||||||||||||||||||||||
(Dollars in thousands) | Commercial | |||||||||||||||||||||||||||||||||||
Allowance for credit losses | ||||||||||||||||||||||||||||||||||||
Allowance for loan losses at beginning of period | $ | 28,952 | $ | 56,408 | $ | 12,122 | $ | 5,140 | $ | 6,071 | $ | 1,655 | $ | 110,348 | ||||||||||||||||||||||
Other adjustments | (1 | ) | (211 | ) | — | (85 | ) | (12 | ) | — | (309 | ) | ||||||||||||||||||||||||
Reclassification from (to) allowance for unfunded lending-related commitments | — | 65 | — | — | — | — | 65 | |||||||||||||||||||||||||||||
Charge-offs | (1,093 | ) | (14,947 | ) | (1,785 | ) | (517 | ) | (1,306 | ) | (128 | ) | (19,776 | ) | ||||||||||||||||||||||
Recoveries | 268 | 584 | 171 | 18 | 279 | 61 | 1,381 | |||||||||||||||||||||||||||||
Provision for credit losses | 605 | 10,057 | 3,697 | 269 | 236 | 269 | 15,133 | |||||||||||||||||||||||||||||
Allowance for loan losses at period end | $ | 28,731 | $ | 51,956 | $ | 14,205 | $ | 4,825 | $ | 5,268 | $ | 1,857 | $ | 106,842 | ||||||||||||||||||||||
Allowance for unfunded lending-related commitments at period end | $ | — | $ | 3,563 | $ | — | $ | — | $ | — | $ | — | $ | 3,563 | ||||||||||||||||||||||
Allowance for credit losses at period end | $ | 28,731 | $ | 55,519 | $ | 14,205 | $ | 4,825 | $ | 5,268 | $ | 1,857 | $ | 110,405 | ||||||||||||||||||||||
Individually evaluated for impairment | $ | 5,587 | $ | 7,411 | $ | 1,060 | $ | 606 | $ | — | $ | 218 | $ | 14,882 | ||||||||||||||||||||||
Collectively evaluated for impairment | 23,066 | 47,994 | 13,145 | 4,209 | 5,268 | 1,639 | 95,321 | |||||||||||||||||||||||||||||
Loans acquired with deteriorated credit quality | 78 | 114 | — | 10 | — | — | 202 | |||||||||||||||||||||||||||||
Loans at period end | ||||||||||||||||||||||||||||||||||||
Individually evaluated for impairment | $ | 25,495 | $ | 139,920 | $ | 13,488 | $ | 13,629 | $ | — | $ | 1,838 | $ | 194,370 | ||||||||||||||||||||||
Collectively evaluated for impairment | 3,083,280 | 3,887,297 | 744,772 | 369,012 | 3,512,431 | 170,055 | 11,766,847 | |||||||||||||||||||||||||||||
Loans acquired with deteriorated credit quality | 11,156 | 67,411 | — | 2,320 | 474,450 | 338 | 555,675 | |||||||||||||||||||||||||||||
Six months ended June 30, 2014 | Commercial Real-estate | Home Equity | Residential Real-estate | Premium Finance Receivable | Consumer and Other | Total, Excluding Covered Loans | ||||||||||||||||||||||||||||||
(Dollars in thousands) | Commercial | |||||||||||||||||||||||||||||||||||
Allowance for credit losses | ||||||||||||||||||||||||||||||||||||
Allowance for loan losses at beginning of period | $ | 23,092 | $ | 48,658 | $ | 12,611 | $ | 5,108 | $ | 5,583 | $ | 1,870 | $ | 96,922 | ||||||||||||||||||||||
Other adjustments | (37 | ) | (217 | ) | (2 | ) | (4 | ) | 7 | — | (253 | ) | ||||||||||||||||||||||||
Reclassification from (to) allowance for unfunded lending-related commitments | — | (164 | ) | — | — | — | — | (164 | ) | |||||||||||||||||||||||||||
Charge-offs | (3,032 | ) | (6,844 | ) | (2,997 | ) | (915 | ) | (2,702 | ) | (386 | ) | (16,876 | ) | ||||||||||||||||||||||
Recoveries | 587 | 487 | 379 | 205 | 635 | 214 | 2,507 | |||||||||||||||||||||||||||||
Provision for credit losses | 5,428 | (1,218 | ) | 3,927 | (661 | ) | 2,786 | (145 | ) | 10,117 | ||||||||||||||||||||||||||
Allowance for loan losses at period end | $ | 26,038 | $ | 40,702 | $ | 13,918 | $ | 3,733 | $ | 6,309 | $ | 1,553 | $ | 92,253 | ||||||||||||||||||||||
Allowance for unfunded lending-related commitments at period end | $ | — | $ | 884 | $ | — | $ | — | $ | — | $ | — | $ | 884 | ||||||||||||||||||||||
Allowance for credit losses at period end | $ | 26,038 | $ | 41,586 | $ | 13,918 | $ | 3,733 | $ | 6,309 | $ | 1,553 | $ | 93,137 | ||||||||||||||||||||||
Six months ended June 30, 2013 | Commercial Real-estate | Home Equity | Residential Real-estate | Premium Finance Receivable | Consumer and Other | Total, Excluding Covered Loans | ||||||||||||||||||||||||||||||
(Dollars in thousands) | Commercial | |||||||||||||||||||||||||||||||||||
Allowance for credit losses | ||||||||||||||||||||||||||||||||||||
Allowance for loan losses at beginning of period | $ | 28,794 | $ | 52,135 | $ | 12,734 | $ | 5,560 | $ | 6,096 | $ | 2,032 | $ | 107,351 | ||||||||||||||||||||||
Other adjustments | (4 | ) | (428 | ) | — | (94 | ) | (12 | ) | — | (538 | ) | ||||||||||||||||||||||||
Reclassification from (to) allowance for unfunded lending-related commitments | — | (148 | ) | — | — | — | — | (148 | ) | |||||||||||||||||||||||||||
Charge-offs | (5,633 | ) | (18,246 | ) | (4,182 | ) | (2,245 | ) | (2,374 | ) | (257 | ) | (32,937 | ) | ||||||||||||||||||||||
Recoveries | 563 | 952 | 333 | 23 | 573 | 170 | 2,614 | |||||||||||||||||||||||||||||
Provision for credit losses | 5,011 | 17,691 | 5,320 | 1,581 | 985 | (88 | ) | 30,500 | ||||||||||||||||||||||||||||
Allowance for loan losses at period end | $ | 28,731 | $ | 51,956 | $ | 14,205 | $ | 4,825 | $ | 5,268 | $ | 1,857 | $ | 106,842 | ||||||||||||||||||||||
Allowance for unfunded lending-related commitments at period end | $ | — | $ | 3,563 | $ | — | $ | — | $ | — | $ | — | $ | 3,563 | ||||||||||||||||||||||
Allowance for credit losses at period end | $ | 28,731 | $ | 55,519 | $ | 14,205 | $ | 4,825 | $ | 5,268 | $ | 1,857 | $ | 110,405 | ||||||||||||||||||||||
Summary Of Activity In The Allowance For Covered Loan Losses | ' | |||||||||||||||||||||||||||||||||||
A summary of activity in the allowance for covered loan losses for the three months ended June 30, 2014 and 2013 is as follows: | ||||||||||||||||||||||||||||||||||||
Three Months Ended | Six Months Ended | |||||||||||||||||||||||||||||||||||
June 30, | June 30, | June 30, | June 30, | |||||||||||||||||||||||||||||||||
(Dollars in thousands) | 2014 | 2013 | 2014 | 2013 | ||||||||||||||||||||||||||||||||
Balance at beginning of period | $ | 3,447 | $ | 12,272 | $ | 10,092 | $ | 13,454 | ||||||||||||||||||||||||||||
Provision for covered loan losses before benefit attributable to FDIC loss share agreements | (764 | ) | 1,246 | (7,885 | ) | 2,846 | ||||||||||||||||||||||||||||||
Benefit attributable to FDIC loss share agreements | 611 | (997 | ) | 6,308 | (2,277 | ) | ||||||||||||||||||||||||||||||
Net provision for covered loan losses | (153 | ) | 249 | (1,577 | ) | 569 | ||||||||||||||||||||||||||||||
(Decrease) increase in FDIC indemnification asset | (611 | ) | 997 | (6,308 | ) | 2,277 | ||||||||||||||||||||||||||||||
Loans charged-off | (2,189 | ) | (2,266 | ) | (5,053 | ) | (5,057 | ) | ||||||||||||||||||||||||||||
Recoveries of loans charged-off | 1,173 | 3,177 | 4,513 | 3,186 | ||||||||||||||||||||||||||||||||
Net recoveries (charge-offs) | (1,016 | ) | 911 | (540 | ) | (1,871 | ) | |||||||||||||||||||||||||||||
Balance at end of period | $ | 1,667 | $ | 14,429 | $ | 1,667 | $ | 14,429 | ||||||||||||||||||||||||||||
Summary Of Impaired Loans, Including Restructured Loans | ' | |||||||||||||||||||||||||||||||||||
A summary of impaired loans, including troubled debt restructurings ("TDRs"), is as follows: | ||||||||||||||||||||||||||||||||||||
June 30, | December 31, | June 30, | ||||||||||||||||||||||||||||||||||
(Dollars in thousands) | 2014 | 2013 | 2013 | |||||||||||||||||||||||||||||||||
Impaired loans (included in non-performing and TDRs): | ||||||||||||||||||||||||||||||||||||
Impaired loans with an allowance for loan loss required (1) | $ | 91,511 | $ | 92,184 | $ | 96,519 | ||||||||||||||||||||||||||||||
Impaired loans with no allowance for loan loss required | 45,734 | 70,045 | 93,629 | |||||||||||||||||||||||||||||||||
Total impaired loans (2) | $ | 137,245 | $ | 162,229 | $ | 190,148 | ||||||||||||||||||||||||||||||
Allowance for loan losses related to impaired loans | $ | 10,298 | $ | 8,265 | $ | 11,839 | ||||||||||||||||||||||||||||||
TDRs | $ | 88,107 | $ | 107,103 | $ | 126,196 | ||||||||||||||||||||||||||||||
-1 | These impaired loans require an allowance for loan losses because the estimated fair value of the loans or related collateral is less than the recorded investment in the loans. | |||||||||||||||||||||||||||||||||||
-2 | Impaired loans are considered by the Company to be non-accrual loans, TDRs or loans with principal and/or interest at risk, even if the loan is current with all payments of principal and interest. | |||||||||||||||||||||||||||||||||||
Summary Of Impaired Loans Evaluated For Impairment By Loan Class | ' | |||||||||||||||||||||||||||||||||||
The following tables present impaired loans evaluated for impairment by loan class for the periods ended as follows: | ||||||||||||||||||||||||||||||||||||
For the Six Months Ended | ||||||||||||||||||||||||||||||||||||
As of June 30, 2014 | 30-Jun-14 | |||||||||||||||||||||||||||||||||||
Recorded Investment | Unpaid Principal Balance | Related Allowance | Average Recorded Investment | Interest Income Recognized | ||||||||||||||||||||||||||||||||
(Dollars in thousands) | ||||||||||||||||||||||||||||||||||||
Impaired loans with a related ASC 310 allowance recorded | ||||||||||||||||||||||||||||||||||||
Commercial | ||||||||||||||||||||||||||||||||||||
Commercial and industrial | $ | 7,220 | $ | 10,152 | $ | 1,631 | $ | 8,332 | $ | 339 | ||||||||||||||||||||||||||
Franchise | — | — | — | — | — | |||||||||||||||||||||||||||||||
Mortgage warehouse lines of credit | — | — | — | — | — | |||||||||||||||||||||||||||||||
Community Advantage—homeowners association | — | — | — | — | — | |||||||||||||||||||||||||||||||
Aircraft | — | — | — | — | — | |||||||||||||||||||||||||||||||
Asset-based lending | 270 | 290 | 270 | 275 | 7 | |||||||||||||||||||||||||||||||
Tax exempt | — | — | — | — | — | |||||||||||||||||||||||||||||||
Leases | — | — | — | — | — | |||||||||||||||||||||||||||||||
Other | — | — | — | — | — | |||||||||||||||||||||||||||||||
Commercial real-estate | ||||||||||||||||||||||||||||||||||||
Residential construction | — | — | — | — | — | |||||||||||||||||||||||||||||||
Commercial construction | 2,146 | 2,156 | 128 | 2,150 | 44 | |||||||||||||||||||||||||||||||
Land | 11,687 | 15,538 | 363 | 11,876 | 378 | |||||||||||||||||||||||||||||||
Office | 14,403 | 15,159 | 2,664 | 14,517 | 335 | |||||||||||||||||||||||||||||||
Industrial | 3,349 | 3,455 | 227 | 3,372 | 76 | |||||||||||||||||||||||||||||||
Retail | 14,320 | 14,733 | 1,590 | 14,343 | 304 | |||||||||||||||||||||||||||||||
Multi-family | 2,835 | 3,349 | 119 | 2,857 | 73 | |||||||||||||||||||||||||||||||
Mixed use and other | 27,418 | 27,565 | 2,111 | 28,474 | 551 | |||||||||||||||||||||||||||||||
Home equity | 1,562 | 1,616 | 636 | 1,567 | 30 | |||||||||||||||||||||||||||||||
Residential real-estate | 5,997 | 6,372 | 457 | 5,914 | 140 | |||||||||||||||||||||||||||||||
Premium finance receivables | ||||||||||||||||||||||||||||||||||||
Commercial insurance | — | — | — | — | — | |||||||||||||||||||||||||||||||
Life insurance | — | — | — | — | — | |||||||||||||||||||||||||||||||
PCI - life insurance | — | — | — | — | — | |||||||||||||||||||||||||||||||
Consumer and other | 304 | 364 | 102 | 308 | 8 | |||||||||||||||||||||||||||||||
Impaired loans with no related ASC 310 allowance recorded | ||||||||||||||||||||||||||||||||||||
Commercial | ||||||||||||||||||||||||||||||||||||
Commercial and industrial | $ | 4,222 | $ | 8,666 | $ | — | $ | 4,591 | $ | 219 | ||||||||||||||||||||||||||
Franchise | — | — | — | — | — | |||||||||||||||||||||||||||||||
Mortgage warehouse lines of credit | — | — | — | — | — | |||||||||||||||||||||||||||||||
Community Advantage—homeowners association | — | — | — | — | — | |||||||||||||||||||||||||||||||
Aircraft | — | — | — | — | — | |||||||||||||||||||||||||||||||
Asset-based lending | 25 | 1,952 | — | 150 | 50 | |||||||||||||||||||||||||||||||
Tax exempt | — | — | — | — | — | |||||||||||||||||||||||||||||||
Leases | — | — | — | — | — | |||||||||||||||||||||||||||||||
Other | — | — | — | — | — | |||||||||||||||||||||||||||||||
Commercial real-estate | ||||||||||||||||||||||||||||||||||||
Residential construction | — | — | — | — | — | |||||||||||||||||||||||||||||||
Commercial construction | 1,031 | 1,031 | — | 1,051 | 23 | |||||||||||||||||||||||||||||||
Land | 3,917 | 4,958 | — | 5,657 | 131 | |||||||||||||||||||||||||||||||
Office | 2,598 | 2,599 | — | 2,605 | 73 | |||||||||||||||||||||||||||||||
Industrial | 3,603 | 3,839 | — | 3,155 | 95 | |||||||||||||||||||||||||||||||
Retail | 6,422 | 7,813 | — | 6,456 | 188 | |||||||||||||||||||||||||||||||
Multi-family | 440 | 966 | — | 497 | 22 | |||||||||||||||||||||||||||||||
Mixed use and other | 5,330 | 7,842 | — | 5,875 | 218 | |||||||||||||||||||||||||||||||
Home equity | 4,468 | 6,553 | — | 4,842 | 138 | |||||||||||||||||||||||||||||||
Residential real-estate | 12,422 | 15,538 | — | 12,836 | 295 | |||||||||||||||||||||||||||||||
Premium finance receivables | ||||||||||||||||||||||||||||||||||||
Commercial insurance | — | — | — | — | — | |||||||||||||||||||||||||||||||
Life insurance | — | — | — | — | — | |||||||||||||||||||||||||||||||
PCI - life insurance | — | — | — | — | — | |||||||||||||||||||||||||||||||
Consumer and other | 1,256 | 1,775 | — | 1,260 | 53 | |||||||||||||||||||||||||||||||
Total loans, net of unearned income, excluding covered loans | $ | 137,245 | $ | 164,281 | $ | 10,298 | $ | 142,960 | $ | 3,790 | ||||||||||||||||||||||||||
For the Twelve Months Ended | ||||||||||||||||||||||||||||||||||||
As of December 31, 2013 | 31-Dec-13 | |||||||||||||||||||||||||||||||||||
Recorded Investment | Unpaid Principal Balance | Related Allowance | Average Recorded Investment | Interest Income Recognized | ||||||||||||||||||||||||||||||||
(Dollars in thousands) | ||||||||||||||||||||||||||||||||||||
Impaired loans with a related ASC 310 allowance recorded | ||||||||||||||||||||||||||||||||||||
Commercial | ||||||||||||||||||||||||||||||||||||
Commercial and industrial | $ | 6,297 | $ | 7,001 | $ | 1,078 | $ | 6,611 | $ | 354 | ||||||||||||||||||||||||||
Franchise | — | — | — | — | — | |||||||||||||||||||||||||||||||
Mortgage warehouse lines of credit | — | — | — | — | — | |||||||||||||||||||||||||||||||
Community Advantage—homeowners association | — | — | — | — | — | |||||||||||||||||||||||||||||||
Aircraft | — | — | — | — | — | |||||||||||||||||||||||||||||||
Asset-based lending | 282 | 294 | 282 | 295 | 14 | |||||||||||||||||||||||||||||||
Tax exempt | — | — | — | — | — | |||||||||||||||||||||||||||||||
Leases | — | — | — | — | — | |||||||||||||||||||||||||||||||
Other | — | — | — | — | — | |||||||||||||||||||||||||||||||
Commercial real-estate | ||||||||||||||||||||||||||||||||||||
Residential construction | — | — | — | — | — | |||||||||||||||||||||||||||||||
Commercial construction | 3,099 | 3,099 | 18 | 3,098 | 115 | |||||||||||||||||||||||||||||||
Land | 10,518 | 11,871 | 259 | 10,323 | 411 | |||||||||||||||||||||||||||||||
Office | 7,792 | 8,444 | 1,253 | 8,148 | 333 | |||||||||||||||||||||||||||||||
Industrial | 3,385 | 3,506 | 193 | 3,638 | 179 | |||||||||||||||||||||||||||||||
Retail | 17,511 | 17,638 | 1,253 | 17,678 | 724 | |||||||||||||||||||||||||||||||
Multi-family | 3,237 | 3,730 | 235 | 2,248 | 139 | |||||||||||||||||||||||||||||||
Mixed use and other | 28,935 | 29,051 | 1,366 | 26,792 | 1,194 | |||||||||||||||||||||||||||||||
Home equity | 3,985 | 5,238 | 1,593 | 4,855 | 236 | |||||||||||||||||||||||||||||||
Residential real-estate | 6,876 | 7,023 | 626 | 6,335 | 273 | |||||||||||||||||||||||||||||||
Premium finance receivables | ||||||||||||||||||||||||||||||||||||
Commercial insurance | — | — | — | — | — | |||||||||||||||||||||||||||||||
Life insurance | — | — | — | — | — | |||||||||||||||||||||||||||||||
Purchased life insurance | — | — | — | — | — | |||||||||||||||||||||||||||||||
Consumer and other | 267 | 269 | 109 | 273 | 11 | |||||||||||||||||||||||||||||||
Impaired loans with no related ASC 310 allowance recorded | ||||||||||||||||||||||||||||||||||||
Commercial | ||||||||||||||||||||||||||||||||||||
Commercial and industrial | $ | 9,890 | $ | 16,333 | $ | — | $ | 13,928 | $ | 1,043 | ||||||||||||||||||||||||||
Franchise | — | — | — | — | — | |||||||||||||||||||||||||||||||
Mortgage warehouse lines of credit | — | — | — | — | — | |||||||||||||||||||||||||||||||
Community Advantage—homeowners association | — | — | — | — | — | |||||||||||||||||||||||||||||||
Aircraft | — | — | — | — | — | |||||||||||||||||||||||||||||||
Asset-based lending | 354 | 2,311 | — | 2,162 | 121 | |||||||||||||||||||||||||||||||
Tax exempt | — | — | — | — | — | |||||||||||||||||||||||||||||||
Leases | — | — | — | — | — | |||||||||||||||||||||||||||||||
Other | — | — | — | — | — | |||||||||||||||||||||||||||||||
Commercial real-estate | ||||||||||||||||||||||||||||||||||||
Residential construction | 1,463 | 1,530 | — | 1,609 | 64 | |||||||||||||||||||||||||||||||
Commercial construction | 7,710 | 13,227 | — | 9,680 | 722 | |||||||||||||||||||||||||||||||
Land | 5,035 | 8,813 | — | 5,384 | 418 | |||||||||||||||||||||||||||||||
Office | 10,379 | 11,717 | — | 10,925 | 610 | |||||||||||||||||||||||||||||||
Industrial | 5,087 | 5,267 | — | 5,160 | 328 | |||||||||||||||||||||||||||||||
Retail | 7,047 | 8,610 | — | 8,462 | 400 | |||||||||||||||||||||||||||||||
Multi-family | 608 | 1,030 | — | 903 | 47 | |||||||||||||||||||||||||||||||
Mixed use and other | 4,077 | 6,213 | — | 5,046 | 352 | |||||||||||||||||||||||||||||||
Home equity | 6,312 | 7,790 | — | 6,307 | 324 | |||||||||||||||||||||||||||||||
Residential real-estate | 10,761 | 13,585 | — | 9,443 | 393 | |||||||||||||||||||||||||||||||
Premium finance receivables | ||||||||||||||||||||||||||||||||||||
Commercial insurance | — | — | — | — | — | |||||||||||||||||||||||||||||||
Life insurance | — | — | — | — | — | |||||||||||||||||||||||||||||||
Purchased life insurance | — | — | — | — | — | |||||||||||||||||||||||||||||||
Consumer and other | 1,322 | 1,865 | — | 1,355 | 115 | |||||||||||||||||||||||||||||||
Total loans, net of unearned income, excluding covered loans | $ | 162,229 | $ | 195,455 | $ | 8,265 | $ | 170,658 | $ | 8,920 | ||||||||||||||||||||||||||
For the Six Months Ended | ||||||||||||||||||||||||||||||||||||
As of June 30, 2013 | 30-Jun-13 | |||||||||||||||||||||||||||||||||||
Recorded Investment | Unpaid Principal Balance | Related Allowance | Average Recorded Investment | Interest Income Recognized | ||||||||||||||||||||||||||||||||
(Dollars in thousands) | ||||||||||||||||||||||||||||||||||||
Impaired loans with a related ASC 310 allowance recorded | ||||||||||||||||||||||||||||||||||||
Commercial | ||||||||||||||||||||||||||||||||||||
Commercial and industrial | $ | 11,720 | $ | 13,429 | $ | 4,561 | $ | 12,131 | $ | 434 | ||||||||||||||||||||||||||
Franchise | — | — | — | — | — | |||||||||||||||||||||||||||||||
Mortgage warehouse lines of credit | — | — | — | — | — | |||||||||||||||||||||||||||||||
Community Advantage—homeowners association | — | — | — | — | — | |||||||||||||||||||||||||||||||
Aircraft | — | — | — | — | — | |||||||||||||||||||||||||||||||
Asset-based lending | 1,803 | 1,810 | 988 | 1,721 | 46 | |||||||||||||||||||||||||||||||
Tax exempt | — | — | — | — | — | |||||||||||||||||||||||||||||||
Leases | — | — | — | — | — | |||||||||||||||||||||||||||||||
Other | — | — | — | — | — | |||||||||||||||||||||||||||||||
Commercial real-estate | ||||||||||||||||||||||||||||||||||||
Residential construction | 1,528 | 1,615 | 403 | 1,547 | 33 | |||||||||||||||||||||||||||||||
Commercial construction | 10,591 | 10,591 | 67 | 10,853 | 207 | |||||||||||||||||||||||||||||||
Land | 8,713 | 8,894 | 173 | 7,281 | 117 | |||||||||||||||||||||||||||||||
Office | 9,306 | 9,411 | 685 | 9,385 | 170 | |||||||||||||||||||||||||||||||
Industrial | 4,165 | 5,226 | 203 | 5,047 | 159 | |||||||||||||||||||||||||||||||
Retail | 12,730 | 12,730 | 152 | 12,675 | 254 | |||||||||||||||||||||||||||||||
Multi-family | 4,712 | 5,173 | 1,068 | 4,824 | 112 | |||||||||||||||||||||||||||||||
Mixed use and other | 23,996 | 24,940 | 1,686 | 21,742 | 499 | |||||||||||||||||||||||||||||||
Home equity | 3,454 | 4,857 | 1,060 | 4,183 | 87 | |||||||||||||||||||||||||||||||
Residential real-estate | 3,155 | 3,666 | 575 | 2,905 | 62 | |||||||||||||||||||||||||||||||
Premium finance receivables | ||||||||||||||||||||||||||||||||||||
Commercial insurance | — | — | — | — | — | |||||||||||||||||||||||||||||||
Life insurance | — | — | — | — | — | |||||||||||||||||||||||||||||||
Purchased life insurance | — | — | — | — | — | |||||||||||||||||||||||||||||||
Consumer and other | 646 | 648 | 218 | 650 | 17 | |||||||||||||||||||||||||||||||
Impaired loans with no related ASC 310 allowance recorded | ||||||||||||||||||||||||||||||||||||
Commercial | ||||||||||||||||||||||||||||||||||||
Commercial and industrial | $ | 11,028 | $ | 14,384 | $ | — | $ | 12,155 | $ | 393 | ||||||||||||||||||||||||||
Franchise | — | — | — | — | — | |||||||||||||||||||||||||||||||
Mortgage warehouse lines of credit | — | — | — | — | — | |||||||||||||||||||||||||||||||
Community Advantage—homeowners association | — | — | — | — | — | |||||||||||||||||||||||||||||||
Aircraft | — | — | — | — | — | |||||||||||||||||||||||||||||||
Asset-based lending | 12 | 1,352 | — | 19 | 36 | |||||||||||||||||||||||||||||||
Tax exempt | — | — | — | — | — | |||||||||||||||||||||||||||||||
Leases | — | — | — | — | — | |||||||||||||||||||||||||||||||
Other | — | — | — | — | — | |||||||||||||||||||||||||||||||
Commercial real-estate | ||||||||||||||||||||||||||||||||||||
Residential construction | 4,100 | 4,481 | — | 3,782 | 81 | |||||||||||||||||||||||||||||||
Commercial construction | 8,377 | 13,410 | — | 11,508 | 357 | |||||||||||||||||||||||||||||||
Land | 8,195 | 13,910 | — | 9,791 | 331 | |||||||||||||||||||||||||||||||
Office | 7,442 | 9,171 | — | 8,581 | 237 | |||||||||||||||||||||||||||||||
Industrial | 5,178 | 5,321 | — | 5,234 | 141 | |||||||||||||||||||||||||||||||
Retail | 16,114 | 17,374 | — | 15,512 | 406 | |||||||||||||||||||||||||||||||
Multi-family | 894 | 3,009 | — | 1,235 | 74 | |||||||||||||||||||||||||||||||
Mixed use and other | 10,856 | 13,464 | — | 9,623 | 293 | |||||||||||||||||||||||||||||||
Home equity | 10,034 | 11,734 | — | 10,012 | 235 | |||||||||||||||||||||||||||||||
Residential real-estate | 10,207 | 10,860 | — | 10,632 | 211 | |||||||||||||||||||||||||||||||
Premium finance receivables | ||||||||||||||||||||||||||||||||||||
Commercial insurance | — | — | — | — | — | |||||||||||||||||||||||||||||||
Life insurance | — | — | — | — | — | |||||||||||||||||||||||||||||||
Purchased life insurance | — | — | — | — | — | |||||||||||||||||||||||||||||||
Consumer and other | 1,192 | 1,736 | — | 1,221 | 52 | |||||||||||||||||||||||||||||||
Total loans, net of unearned income, excluding covered loans | $ | 190,148 | $ | 223,196 | $ | 11,839 | $ | 194,249 | $ | 5,044 | ||||||||||||||||||||||||||
Summary Of The Post-Modificatiopn Balance Of Loans Restructured | ' | |||||||||||||||||||||||||||||||||||
Six months ended | Total (1)(2) | Extension at | Reduction of Interest | Modification to | Forgiveness of Debt(2) | |||||||||||||||||||||||||||||||
30-Jun-14 | Below Market | Rate (2) | Interest-only | |||||||||||||||||||||||||||||||||
Terms (2) | Payments (2) | |||||||||||||||||||||||||||||||||||
(Dollars in thousands) | Count | Balance | Count | Balance | Count | Balance | Count | Balance | Count | Balance | ||||||||||||||||||||||||||
Commercial | ||||||||||||||||||||||||||||||||||||
Commercial and industrial | 1 | $ | 88 | 1 | $ | 88 | — | $ | — | 1 | $ | 88 | — | $ | — | |||||||||||||||||||||
Commercial real-estate | ||||||||||||||||||||||||||||||||||||
Commercial construction | — | — | — | — | — | — | — | — | — | — | ||||||||||||||||||||||||||
Land | — | — | — | — | — | — | — | — | — | — | ||||||||||||||||||||||||||
Office | 1 | 790 | 1 | 790 | — | — | — | — | — | — | ||||||||||||||||||||||||||
Industrial | 1 | 1,078 | 1 | 1,078 | — | — | 1 | 1,078 | — | — | ||||||||||||||||||||||||||
Retail | 1 | 202 | 1 | 202 | — | — | — | — | — | — | ||||||||||||||||||||||||||
Multi-family | 1 | 181 | — | — | 1 | 181 | — | — | — | — | ||||||||||||||||||||||||||
Mixed use and other | 7 | 4,926 | 3 | 2,837 | 7 | 4,926 | 1 | 1,273 | — | — | ||||||||||||||||||||||||||
Residential real estate and other | 1 | 220 | 1 | 220 | — | — | 1 | 220 | — | — | ||||||||||||||||||||||||||
Total loans | 13 | $ | 7,485 | 8 | $ | 5,215 | 8 | $ | 5,107 | 4 | $ | 2,659 | — | $ | — | |||||||||||||||||||||
Six months ended | Total (1)(2) | Extension at | Reduction of Interest | Modification to | Forgiveness of Debt(2) | |||||||||||||||||||||||||||||||
30-Jun-13 | Below Market | Rate (2) | Interest-only | |||||||||||||||||||||||||||||||||
Terms (2) | Payments (2) | |||||||||||||||||||||||||||||||||||
(Dollars in thousands) | Count | Balance | Count | Balance | Count | Balance | Count | Balance | Count | Balance | ||||||||||||||||||||||||||
Commercial | ||||||||||||||||||||||||||||||||||||
Commercial and industrial | 6 | $ | 708 | 5 | $ | 573 | 4 | $ | 553 | 2 | $ | 185 | — | $ | — | |||||||||||||||||||||
Commercial real-estate | ||||||||||||||||||||||||||||||||||||
Commercial construction | 3 | 6,120 | 3 | 6,120 | — | — | 3 | 6,120 | — | — | ||||||||||||||||||||||||||
Land | 2 | 287 | 2 | 287 | 2 | 287 | — | — | 1 | 73 | ||||||||||||||||||||||||||
Office | 3 | 3,465 | 3 | 3,465 | — | — | — | — | — | — | ||||||||||||||||||||||||||
Industrial | 1 | 949 | 1 | 949 | 1 | 949 | — | — | — | — | ||||||||||||||||||||||||||
Retail | 1 | 200 | 1 | 200 | 1 | 200 | — | — | — | — | ||||||||||||||||||||||||||
Multi-family | 1 | 705 | 1 | 705 | 1 | 705 | — | — | — | — | ||||||||||||||||||||||||||
Mixed use and other | 2 | 3,533 | 2 | 3,533 | 2 | 3,533 | — | — | — | — | ||||||||||||||||||||||||||
Residential real estate and other | 7 | 778 | 3 | 95 | 6 | 762 | 2 | 234 | — | — | ||||||||||||||||||||||||||
Total loans | 26 | $ | 16,745 | 21 | $ | 15,927 | 17 | $ | 6,989 | 7 | $ | 6,539 | 1 | $ | 73 | |||||||||||||||||||||
-1 | TDRs may have more than one modification representing a concession. As such, TDRs during the period may be represented in more than one of the categories noted above. | |||||||||||||||||||||||||||||||||||
-2 | Balances represent the recorded investment in the loan at the time of the restructuring. | |||||||||||||||||||||||||||||||||||
The tables below present a summary of the post-modification balance of loans restructured during the three months ended June 30, 2014 and 2013, respectively, which represent TDRs: | ||||||||||||||||||||||||||||||||||||
Three months ended | Total (1)(2) | Extension at | Reduction of Interest | Modification to | Forgiveness of Debt(2) | |||||||||||||||||||||||||||||||
30-Jun-14 | Below Market | Rate (2) | Interest-only | |||||||||||||||||||||||||||||||||
Terms (2) | Payments (2) | |||||||||||||||||||||||||||||||||||
(Dollars in thousands) | Count | Balance | Count | Balance | Count | Balance | Count | Balance | Count | Balance | ||||||||||||||||||||||||||
Commercial | ||||||||||||||||||||||||||||||||||||
Commercial and industrial | — | $ | — | — | $ | — | — | $ | — | — | $ | — | — | $ | — | |||||||||||||||||||||
Commercial real-estate | ||||||||||||||||||||||||||||||||||||
Commercial construction | — | — | — | — | — | — | — | — | — | — | ||||||||||||||||||||||||||
Land | — | — | — | — | — | — | — | — | — | — | ||||||||||||||||||||||||||
Office | 1 | 790 | 1 | 790 | — | — | — | — | — | — | ||||||||||||||||||||||||||
Industrial | — | — | — | — | — | — | — | — | — | — | ||||||||||||||||||||||||||
Retail | — | — | — | — | — | — | — | — | — | — | ||||||||||||||||||||||||||
Multi-family | 1 | 181 | — | — | 1 | 181 | — | — | — | — | ||||||||||||||||||||||||||
Mixed use and other | 4 | 1,049 | 1 | 233 | 4 | 1,049 | — | — | — | — | ||||||||||||||||||||||||||
Residential real estate and other | 1 | 220 | 1 | 220 | — | — | 1 | 220 | — | — | ||||||||||||||||||||||||||
Total loans | 7 | $ | 2,240 | 3 | $ | 1,243 | 5 | $ | 1,230 | 1 | $ | 220 | — | $ | — | |||||||||||||||||||||
Three months ended | Total (1)(2) | Extension at | Reduction of Interest | Modification to | Forgiveness of Debt(2) | |||||||||||||||||||||||||||||||
30-Jun-13 | Below Market | Rate (2) | Interest-only | |||||||||||||||||||||||||||||||||
Terms (2) | Payments (2) | |||||||||||||||||||||||||||||||||||
(Dollars in thousands) | Count | Balance | Count | Balance | Count | Balance | Count | Balance | Count | Balance | ||||||||||||||||||||||||||
Commercial | ||||||||||||||||||||||||||||||||||||
Commercial and industrial | — | $ | — | — | $ | — | — | $ | — | — | $ | — | — | $ | — | |||||||||||||||||||||
Commercial real-estate | ||||||||||||||||||||||||||||||||||||
Commercial construction | 3 | 6,120 | 3 | 6,120 | — | — | 3 | 6,120 | — | — | ||||||||||||||||||||||||||
Land | — | — | — | — | — | — | — | — | — | — | ||||||||||||||||||||||||||
Office | 3 | 3,465 | 3 | 3,465 | — | — | — | — | — | — | ||||||||||||||||||||||||||
Industrial | 1 | 949 | 1 | 949 | 1 | 949 | — | — | — | — | ||||||||||||||||||||||||||
Retail | — | — | — | — | — | — | — | — | — | — | ||||||||||||||||||||||||||
Multi-family | — | — | — | — | — | — | — | — | — | — | ||||||||||||||||||||||||||
Mixed use and other | 2 | 3,533 | 2 | 3,533 | 2 | 3,533 | — | — | — | — | ||||||||||||||||||||||||||
Residential real estate and other | 3 | 401 | 1 | 25 | 3 | 401 | 1 | 111 | — | — | ||||||||||||||||||||||||||
Total loans | 12 | $ | 14,468 | 10 | $ | 14,092 | 6 | $ | 4,883 | 4 | $ | 6,231 | — | $ | — | |||||||||||||||||||||
-1 | TDRs may have more than one modification representing a concession. As such, TDRs during the period may be represented in more than one of the categories noted above. | |||||||||||||||||||||||||||||||||||
-2 | Balances represent the recorded investment in the loan at the time of the restructuring. | |||||||||||||||||||||||||||||||||||
Summary Of Loans Restuctured And Subsequently Defaulted Under The Restructured Terms | ' | |||||||||||||||||||||||||||||||||||
The following table presents a summary of all loans restructured in TDRs during the twelve months ended June 30, 2014 and 2013, and such loans which were in payment default under the restructured terms during the respective periods below: | ||||||||||||||||||||||||||||||||||||
(Dollars in thousands) | As of June 30, 2014 | Three Months Ended | Six Months Ended | |||||||||||||||||||||||||||||||||
June 30, 2014 | 30-Jun-14 | |||||||||||||||||||||||||||||||||||
Total (1)(3) | Payments in Default (2)(3) | Payments in Default (2)(3) | ||||||||||||||||||||||||||||||||||
Count | Balance | Count | Balance | Count | Balance | |||||||||||||||||||||||||||||||
Commercial | ||||||||||||||||||||||||||||||||||||
Commercial and industrial | 1 | $ | 88 | — | $ | — | — | $ | — | |||||||||||||||||||||||||||
Commercial real-estate | ||||||||||||||||||||||||||||||||||||
Residential construction | — | — | — | — | — | — | ||||||||||||||||||||||||||||||
Commercial construction | — | — | — | — | — | — | ||||||||||||||||||||||||||||||
Land | 1 | 2,352 | 1 | 2,352 | 1 | 2,352 | ||||||||||||||||||||||||||||||
Office | 2 | 1,345 | — | — | — | — | ||||||||||||||||||||||||||||||
Industrial | 1 | 1,078 | 1 | 1,078 | 1 | 1,078 | ||||||||||||||||||||||||||||||
Retail | 1 | 202 | — | — | — | — | ||||||||||||||||||||||||||||||
Multi-family | 1 | 181 | — | — | — | — | ||||||||||||||||||||||||||||||
Mixed use and other | 11 | 6,436 | 3 | 577 | 3 | 577 | ||||||||||||||||||||||||||||||
Residential real estate and other | 4 | 1,738 | 1 | 169 | 1 | 169 | ||||||||||||||||||||||||||||||
Total loans | 22 | $ | 13,420 | 6 | $ | 4,176 | 6 | $ | 4,176 | |||||||||||||||||||||||||||
-1 | Total TDRs represent all loans restructured in TDRs during the previous twelve months from the date indicated. | |||||||||||||||||||||||||||||||||||
-2 | TDRs considered to be in payment default are over 30 days past-due subsequent to the restructuring. | |||||||||||||||||||||||||||||||||||
-3 | Balances represent the recorded investment in the loan at the time of the restructuring. | |||||||||||||||||||||||||||||||||||
(Dollars in thousands) | As of June 30, 2013 | Three Months Ended | Six Months Ended | |||||||||||||||||||||||||||||||||
June 30, 2013 | 30-Jun-13 | |||||||||||||||||||||||||||||||||||
Total (1)(3) | Payments in Default (2)(3) | Payments in Default (2)(3) | ||||||||||||||||||||||||||||||||||
Count | Balance | Count | Balance | Count | Balance | |||||||||||||||||||||||||||||||
Commercial | ||||||||||||||||||||||||||||||||||||
Commercial and industrial | 11 | $ | 2,136 | 3 | $ | 236 | 3 | $ | 236 | |||||||||||||||||||||||||||
Commercial real-estate | ||||||||||||||||||||||||||||||||||||
Residential construction | 1 | 496 | — | — | — | — | ||||||||||||||||||||||||||||||
Commercial construction | 3 | 6,120 | — | — | — | — | ||||||||||||||||||||||||||||||
Land | 2 | 287 | — | — | — | — | ||||||||||||||||||||||||||||||
Office | 3 | 3,465 | 1 | 1,648 | 1 | 1,648 | ||||||||||||||||||||||||||||||
Industrial | 2 | 1,676 | 1 | 727 | 1 | 727 | ||||||||||||||||||||||||||||||
Retail | 4 | 5,085 | — | — | — | — | ||||||||||||||||||||||||||||||
Multi-family | 2 | 1,085 | 1 | 705 | 1 | 705 | ||||||||||||||||||||||||||||||
Mixed use and other | 11 | 7,230 | 3 | 683 | 3 | 683 | ||||||||||||||||||||||||||||||
Residential real estate and other | 12 | 1,341 | 5 | 563 | 5 | 563 | ||||||||||||||||||||||||||||||
Total loans | 51 | $ | 28,921 | 14 | $ | 4,562 | 14 | $ | 4,562 | |||||||||||||||||||||||||||
-1 | Total TDRs represent all loans restructured in TDRs during the previous twelve months from the date indicated. | |||||||||||||||||||||||||||||||||||
-2 | TDRs considered to be in payment default are over 30 days past-due subsequent to the restructuring. | |||||||||||||||||||||||||||||||||||
-3 | Balances represent the recorded investment in the loan at the time of the restructuring. |
Goodwill_and_Other_Intangible_1
Goodwill and Other Intangible Assets (Tables) | 6 Months Ended | |||||||||||||||||||
Jun. 30, 2014 | ||||||||||||||||||||
Goodwill and Intangible Assets Disclosure [Abstract] | ' | |||||||||||||||||||
Goodwill Assets By Business Segment | ' | |||||||||||||||||||
A summary of the Company’s goodwill assets by business segment is presented in the following table: | ||||||||||||||||||||
(Dollars in thousands) | January 1, | Goodwill | Impairment | Goodwill Adjustments | June 30, | |||||||||||||||
2014 | Acquired | Loss | 2014 | |||||||||||||||||
Community banking | $ | 305,313 | $ | 600 | $ | — | $ | — | $ | 305,913 | ||||||||||
Specialty finance | 37,370 | 6,435 | — | 139 | 43,944 | |||||||||||||||
Wealth management | 31,864 | — | — | — | 31,864 | |||||||||||||||
Total | $ | 374,547 | $ | 7,035 | $ | — | $ | 139 | $ | 381,721 | ||||||||||
Summary Of Finite-Lived Intangible Assets | ' | |||||||||||||||||||
A summary of finite-lived intangible assets as of the dates shown and the expected amortization as of June 30, 2014 is as follows: | ||||||||||||||||||||
(Dollars in thousands) | June 30, | 31-Dec-13 | June 30, | |||||||||||||||||
2014 | 2013 | |||||||||||||||||||
Community banking segment: | ||||||||||||||||||||
Core deposit intangibles: | ||||||||||||||||||||
Gross carrying amount | $ | 40,770 | $ | 40,770 | $ | 39,350 | ||||||||||||||
Accumulated amortization | (31,223 | ) | (29,189 | ) | (27,132 | ) | ||||||||||||||
Net carrying amount | $ | 9,547 | $ | 11,581 | $ | 12,218 | ||||||||||||||
Specialty finance segment: | ||||||||||||||||||||
Customer list intangibles: | ||||||||||||||||||||
Gross carrying amount | $ | 1,800 | $ | 1,800 | $ | 1,800 | ||||||||||||||
Accumulated amortization | (878 | ) | (805 | ) | (731 | ) | ||||||||||||||
Net carrying amount | $ | 922 | $ | 995 | $ | 1,069 | ||||||||||||||
Wealth management segment: | ||||||||||||||||||||
Customer list and other intangibles: | ||||||||||||||||||||
Gross carrying amount | $ | 7,690 | $ | 7,690 | $ | 7,690 | ||||||||||||||
Accumulated amortization | (1,265 | ) | (1,053 | ) | (840 | ) | ||||||||||||||
Net carrying amount | $ | 6,425 | $ | 6,637 | $ | 6,850 | ||||||||||||||
Total other intangible assets, net | $ | 16,894 | $ | 19,213 | $ | 20,137 | ||||||||||||||
Estimated Amortization | ' | |||||||||||||||||||
Estimated amortization | ||||||||||||||||||||
Actual in six months ended June 30, 2014 | $ | 2,319 | ||||||||||||||||||
Estimated remaining in 2014 | 2,051 | |||||||||||||||||||
Estimated—2015 | 2,791 | |||||||||||||||||||
Estimated—2016 | 2,180 | |||||||||||||||||||
Estimated—2017 | 1,764 | |||||||||||||||||||
Estimated—2018 | 1,544 | |||||||||||||||||||
Deposits_Tables
Deposits (Tables) | 6 Months Ended | |||||||||||
Jun. 30, 2014 | ||||||||||||
Deposits [Abstract] | ' | |||||||||||
Summary Of Deposits | ' | |||||||||||
The following table is a summary of deposits as of the dates shown: | ||||||||||||
(Dollars in thousands) | June 30, | December 31, 2013 | June 30, | |||||||||
2014 | 2013 | |||||||||||
Balance: | ||||||||||||
Non-interest bearing | $ | 3,072,430 | $ | 2,721,771 | $ | 2,450,659 | ||||||
NOW | 2,002,868 | 1,953,882 | 2,147,004 | |||||||||
Wealth management deposits | 1,220,102 | 1,013,850 | 1,083,897 | |||||||||
Money market | 3,591,540 | 3,359,999 | 3,037,354 | |||||||||
Savings | 1,427,222 | 1,392,575 | 1,304,619 | |||||||||
Time certificates of deposit | 4,242,214 | 4,226,712 | 4,342,321 | |||||||||
Total deposits | $ | 15,556,376 | $ | 14,668,789 | $ | 14,365,854 | ||||||
Mix: | ||||||||||||
Non-interest bearing | 20 | % | 19 | % | 17 | % | ||||||
NOW | 13 | 13 | 15 | |||||||||
Wealth management deposits | 8 | 7 | 8 | |||||||||
Money market | 23 | 23 | 21 | |||||||||
Savings | 9 | 9 | 9 | |||||||||
Time certificates of deposit | 27 | 29 | 30 | |||||||||
Total deposits | 100 | % | 100 | % | 100 | % | ||||||
Notes_Payable_Federal_Home_Loa1
Notes Payable, Federal Home Loan Bank Advances, Other Borrowings and Subordinated Notes (Tables) | 6 Months Ended | |||||||||||
Jun. 30, 2014 | ||||||||||||
Debt Disclosure [Abstract] | ' | |||||||||||
Summary Of Notes Payable, Federal Home Loan Bank Advances, Other Borrowings And Subordinated Notes | ' | |||||||||||
The following table is a summary of notes payable, Federal Home Loan Bank advances, other borrowings and subordinated notes as of the dates shown: | ||||||||||||
(Dollars in thousands) | June 30, | 31-Dec-13 | June 30, | |||||||||
2014 | 2013 | |||||||||||
Notes payable | $ | — | $ | 364 | $ | 1,729 | ||||||
Federal Home Loan Bank advances | 580,582 | 417,762 | 585,942 | |||||||||
Other borrowings: | ||||||||||||
Securities sold under repurchase agreements | 24,633 | 235,347 | 224,915 | |||||||||
Other | 19,083 | 19,393 | 27,861 | |||||||||
Total other borrowings | 43,716 | 254,740 | 252,776 | |||||||||
Subordinated notes | 140,000 | — | 10,000 | |||||||||
Total notes payable, Federal Home Loan Bank advances, other borrowings and subordinated notes | $ | 764,298 | $ | 672,866 | $ | 850,447 | ||||||
Junior_Subordinated_Debentures1
Junior Subordinated Debentures (Tables) | 6 Months Ended | ||||||||||||||||||||||
Jun. 30, 2014 | |||||||||||||||||||||||
Junior Subordinated Debenture Owed to Unconsolidated Subsidiary Trust [Abstract] | ' | ||||||||||||||||||||||
Summary Of The Company's Junior Subordinated Debentures | ' | ||||||||||||||||||||||
The following table provides a summary of the Company’s junior subordinated debentures as of June 30, 2014. The junior subordinated debentures represent the par value of the obligations owed to the Trusts. | |||||||||||||||||||||||
(Dollars in thousands) | Common | Trust | Junior | Rate | Contractual rate | Issue | Maturity | Earliest | |||||||||||||||
Securities | Preferred | Subordinated | Structure | at 6/30/2014 | Date | Date | Redemption | ||||||||||||||||
Securities | Debentures | Date | |||||||||||||||||||||
Wintrust Capital Trust III | $ | 774 | $ | 25,000 | $ | 25,774 | L+3.25 | 3.48 | % | Apr-03 | Apr-33 | Apr-08 | |||||||||||
Wintrust Statutory Trust IV | 619 | 20,000 | 20,619 | L+2.80 | 3.03 | % | Dec-03 | Dec-33 | Dec-08 | ||||||||||||||
Wintrust Statutory Trust V | 1,238 | 40,000 | 41,238 | L+2.60 | 2.83 | % | May-04 | May-34 | Jun-09 | ||||||||||||||
Wintrust Capital Trust VII | 1,550 | 50,000 | 51,550 | L+1.95 | 2.18 | % | Dec-04 | Mar-35 | Mar-10 | ||||||||||||||
Wintrust Capital Trust VIII | 1,238 | 40,000 | 41,238 | L+1.45 | 1.68 | % | Aug-05 | Sep-35 | Sep-10 | ||||||||||||||
Wintrust Captial Trust IX | 1,547 | 50,000 | 51,547 | L+1.63 | 1.86 | % | Sep-06 | Sep-36 | Sep-11 | ||||||||||||||
Northview Capital Trust I | 186 | 6,000 | 6,186 | L+3.00 | 3.23 | % | Aug-03 | Nov-33 | Aug-08 | ||||||||||||||
Town Bankshares Capital Trust I | 186 | 6,000 | 6,186 | L+3.00 | 3.23 | % | Aug-03 | Nov-33 | Aug-08 | ||||||||||||||
First Northwest Capital Trust I | 155 | 5,000 | 5,155 | L+3.00 | 3.23 | % | May-04 | May-34 | May-09 | ||||||||||||||
Total | $ | 249,493 | 2.42 | % | |||||||||||||||||||
Segment_Information_Tables
Segment Information (Tables) | 6 Months Ended | ||||||||||||||
Jun. 30, 2014 | |||||||||||||||
Segment Reporting [Abstract] | ' | ||||||||||||||
Segment Information | ' | ||||||||||||||
The following is a summary of certain operating information for reportable segments: | |||||||||||||||
Three months ended | $ Change in | % Change in | |||||||||||||
(Dollars in thousands) | June 30, | June 30, | Contribution | Contribution | |||||||||||
2014 | 2013 | ||||||||||||||
Net interest income: | |||||||||||||||
Community Banking | $ | 121,228 | $ | 111,366 | $ | 9,862 | 9 | % | |||||||
Specialty Finance | 19,792 | 17,384 | 2,408 | 14 | |||||||||||
Wealth Management | 4,006 | 3,281 | 725 | 22 | |||||||||||
Total Operating Segments | 145,026 | 132,031 | 12,995 | 10 | |||||||||||
Intersegment Eliminations | 4,154 | 3,793 | 361 | 10 | |||||||||||
Consolidated net interest income | $ | 149,180 | $ | 135,824 | $ | 13,356 | 10 | % | |||||||
Non-interest income: | |||||||||||||||
Community Banking | $ | 33,337 | $ | 45,365 | $ | (12,028 | ) | (27 | )% | ||||||
Specialty Finance | 8,455 | 8,193 | 262 | 3 | |||||||||||
Wealth Management | 19,235 | 16,681 | 2,554 | 15 | |||||||||||
Total Operating Segments | 61,027 | 70,239 | (9,212 | ) | (13 | ) | |||||||||
Intersegment Eliminations | (6,925 | ) | (6,244 | ) | (681 | ) | (11 | ) | |||||||
Consolidated non-interest income | $ | 54,102 | $ | 63,995 | $ | (9,893 | ) | (15 | )% | ||||||
Net revenue: | |||||||||||||||
Community Banking | $ | 154,565 | $ | 156,731 | $ | (2,166 | ) | (1 | )% | ||||||
Specialty Finance | 28,247 | 25,577 | 2,670 | 10 | |||||||||||
Wealth Management | 23,241 | 19,962 | 3,279 | 16 | |||||||||||
Total Operating Segments | 206,053 | 202,270 | 3,783 | 2 | |||||||||||
Intersegment Eliminations | (2,771 | ) | (2,451 | ) | (320 | ) | (13 | ) | |||||||
Consolidated net revenue | $ | 203,282 | $ | 199,819 | $ | 3,463 | 2 | % | |||||||
Segment profit: | |||||||||||||||
Community Banking | $ | 24,628 | $ | 21,995 | $ | 2,633 | 12 | % | |||||||
Specialty Finance | 10,302 | 9,692 | 610 | 6 | |||||||||||
Wealth Management | 3,611 | 2,620 | 991 | 38 | |||||||||||
Consolidated net income | $ | 38,541 | $ | 34,307 | $ | 4,234 | 12 | % | |||||||
Segment assets: | |||||||||||||||
Community Banking | $ | 15,669,443 | $ | 14,710,628 | $ | 958,815 | 7 | % | |||||||
Specialty Finance | 2,703,761 | 2,418,208 | 285,553 | 12 | |||||||||||
Wealth Management | 522,477 | 484,710 | 37,767 | 8 | |||||||||||
Consolidated total assets | $ | 18,895,681 | $ | 17,613,546 | $ | 1,282,135 | 7 | % | |||||||
Six months ended | $ Change in | % Change in | |||||||||||||
(Dollars in thousands) | June 30, | June 30, | Contribution | Contribution | |||||||||||
2014 | 2013 | ||||||||||||||
Net interest income: | |||||||||||||||
Community Banking | $ | 237,983 | $ | 217,596 | $ | 20,387 | 9 | % | |||||||
Specialty Finance | 39,004 | 34,866 | 4,138 | 12 | |||||||||||
Wealth Management | 8,105 | 6,728 | 1,377 | 20 | |||||||||||
Total Operating Segments | 285,092 | 259,190 | 25,902 | 10 | |||||||||||
Intersegment Eliminations | 8,094 | 7,347 | 747 | 10 | |||||||||||
Consolidated net interest income | $ | 293,186 | $ | 266,537 | $ | 26,649 | 10 | % | |||||||
Non-interest income: | |||||||||||||||
Community Banking | $ | 60,656 | $ | 85,966 | $ | (25,310 | ) | (29 | )% | ||||||
Specialty Finance | 16,336 | 15,497 | 839 | 5 | |||||||||||
Wealth Management | 36,176 | 32,124 | 4,052 | 13 | |||||||||||
Total Operating Segments | 113,168 | 133,587 | (20,419 | ) | (15 | ) | |||||||||
Intersegment Eliminations | (13,537 | ) | (12,213 | ) | (1,324 | ) | (11 | ) | |||||||
Consolidated non-interest income | $ | 99,631 | $ | 121,374 | $ | (21,743 | ) | (18 | )% | ||||||
Net revenue: | |||||||||||||||
Community Banking | $ | 298,639 | $ | 303,562 | $ | (4,923 | ) | (2 | )% | ||||||
Specialty Finance | 55,340 | 50,363 | 4,977 | 10 | |||||||||||
Wealth Management | 44,281 | 38,852 | 5,429 | 14 | |||||||||||
Total Operating Segments | 398,260 | 392,777 | 5,483 | 1 | |||||||||||
Intersegment Eliminations | (5,443 | ) | (4,866 | ) | (577 | ) | (12 | ) | |||||||
Consolidated net revenue | $ | 392,817 | $ | 387,911 | $ | 4,906 | 1 | % | |||||||
Segment profit: | |||||||||||||||
Community Banking | $ | 47,209 | $ | 42,974 | $ | 4,235 | 10 | % | |||||||
Specialty Finance | 19,284 | 18,321 | 963 | 5 | |||||||||||
Wealth Management | 6,548 | 5,064 | 1,484 | 29 | |||||||||||
Consolidated net income | $ | 73,041 | $ | 66,359 | $ | 6,682 | 10 | % | |||||||
Derivative_Financial_Instrumen1
Derivative Financial Instruments (Tables) | 6 Months Ended | |||||||||||||||||||||||||
Jun. 30, 2014 | ||||||||||||||||||||||||||
Derivative Instruments and Hedging Activities Disclosure [Abstract] | ' | |||||||||||||||||||||||||
Interest Rate Cap Derivative Summary [Table Text Block] | ' | |||||||||||||||||||||||||
Below is a summary of the interest rate cap derivatives held by the Company as of June 30, 2014: | ||||||||||||||||||||||||||
(Dollars in thousands) | ||||||||||||||||||||||||||
Notional | Accounting | Fair Value as of | ||||||||||||||||||||||||
Effective Date | Maturity Date | Amount | Treatment | 30-Jun-14 | ||||||||||||||||||||||
30-Sep-11 | 30-Sep-14 | $ | 20,000 | Cash Flow Hedging | $ | — | ||||||||||||||||||||
30-Sep-11 | 30-Sep-14 | 40,000 | Cash Flow Hedging | — | ||||||||||||||||||||||
3-May-12 | 3-May-15 | 77,000 | Non-Hedge Designated | — | ||||||||||||||||||||||
3-May-12 | 3-May-16 | 215,000 | Non-Hedge Designated | 172 | ||||||||||||||||||||||
1-Jun-12 | 1-Apr-15 | 96,530 | Non-Hedge Designated | — | ||||||||||||||||||||||
29-Aug-12 | 29-Aug-16 | 216,500 | Cash Flow Hedging | 389 | ||||||||||||||||||||||
22-Feb-13 | 22-Aug-16 | 56,500 | Non-Hedge Designated | 134 | ||||||||||||||||||||||
22-Feb-13 | 22-Aug-16 | 43,500 | Cash Flow Hedging | 103 | ||||||||||||||||||||||
21-Mar-13 | 21-Mar-17 | 100,000 | Non-Hedge Designated | 686 | ||||||||||||||||||||||
16-May-13 | 16-Nov-16 | 75,000 | Non-Hedge Designated | 288 | ||||||||||||||||||||||
15-Sep-13 | 15-Sep-17 | 50,000 | Cash Flow Hedging | 637 | ||||||||||||||||||||||
30-Sep-13 | 30-Sep-17 | 40,000 | Cash Flow Hedging | 534 | ||||||||||||||||||||||
$ | 1,030,030 | $ | 2,943 | |||||||||||||||||||||||
Schedule Of Fair Value Of Derivative Financial Instruments | ' | |||||||||||||||||||||||||
The table below presents the fair value of the Company’s derivative financial instruments as of June 30, 2014, December 31, 2013 and June 30, 2013: | ||||||||||||||||||||||||||
Derivative Assets | Derivative Liabilities | |||||||||||||||||||||||||
Fair Value | Fair Value | |||||||||||||||||||||||||
(Dollars in thousands) | June 30, | 31-Dec-13 | June 30, | June 30, | 31-Dec-13 | June 30, | ||||||||||||||||||||
2014 | 2013 | 2014 | 2013 | |||||||||||||||||||||||
Derivatives designated as hedging instruments under ASC 815: | ||||||||||||||||||||||||||
Interest rate derivatives designated as Cash Flow Hedges | $ | 1,663 | $ | 1,776 | $ | 2,146 | $ | 2,727 | $ | 3,160 | $ | 4,416 | ||||||||||||||
Interest rate derivatives designated as Fair Value Hedges | 65 | 107 | 94 | 3 | 1 | — | ||||||||||||||||||||
Total derivatives designated as hedging instruments under ASC 815 | $ | 1,728 | $ | 1,883 | $ | 2,240 | $ | 2,730 | $ | 3,161 | $ | 4,416 | ||||||||||||||
Derivatives not designated as hedging instruments under ASC 815: | ||||||||||||||||||||||||||
Interest rate derivatives | $ | 35,733 | $ | 36,073 | $ | 35,878 | $ | 34,003 | $ | 31,646 | $ | 29,372 | ||||||||||||||
Interest rate lock commitments | 13,479 | 7,500 | 14,579 | 9 | 147 | 3,208 | ||||||||||||||||||||
Forward commitments to sell mortgage loans | 27 | 2,761 | 7,835 | 6,901 | 2,310 | 583 | ||||||||||||||||||||
Foreign exchange contracts | — | 4 | 22 | 7 | — | 75 | ||||||||||||||||||||
Total derivatives not designated as hedging instruments under ASC 815 | $ | 49,239 | $ | 46,338 | $ | 58,314 | $ | 40,920 | $ | 34,103 | $ | 33,238 | ||||||||||||||
Total derivatives | $ | 50,967 | $ | 48,221 | $ | 60,554 | $ | 43,650 | $ | 37,264 | $ | 37,654 | ||||||||||||||
Schedule Of Cash Flow Hedging Instruments | ' | |||||||||||||||||||||||||
The table below provides details on each of these cash flow hedges as of June 30, 2014: | ||||||||||||||||||||||||||
30-Jun-14 | ||||||||||||||||||||||||||
(Dollars in thousands) | Notional | Fair Value | ||||||||||||||||||||||||
Maturity Date | Amount | Asset (Liability) | ||||||||||||||||||||||||
Interest Rate Swaps: | ||||||||||||||||||||||||||
Sep-16 | 50,000 | (1,795 | ) | |||||||||||||||||||||||
Oct-16 | 25,000 | (932 | ) | |||||||||||||||||||||||
Total Interest Rate Swaps | 75,000 | (2,727 | ) | |||||||||||||||||||||||
Interest Rate Caps: | ||||||||||||||||||||||||||
Sep-14 | 20,000 | — | ||||||||||||||||||||||||
Sep-14 | 40,000 | — | ||||||||||||||||||||||||
Aug-16 | 43,500 | 103 | ||||||||||||||||||||||||
Aug-16 | 216,500 | 389 | ||||||||||||||||||||||||
Sep-17 | 50,000 | 637 | ||||||||||||||||||||||||
Sep-17 | 40,000 | 534 | ||||||||||||||||||||||||
Total Interest Rate Caps | 410,000 | 1,663 | ||||||||||||||||||||||||
Total Cash Flow Hedges | $ | 485,000 | $ | (1,064 | ) | |||||||||||||||||||||
Rollforward Of Amounts In Accumulated Other Comprehensive Income Related To Interest Rate Swaps Designated As Cash Flow Hedges | ' | |||||||||||||||||||||||||
A rollforward of the amounts in accumulated other comprehensive loss related to interest rate derivatives designated as cash flow hedges follows: | ||||||||||||||||||||||||||
Three months ended | Six months ended | |||||||||||||||||||||||||
(Dollars in thousands) | June 30, | June 30, | June 30, | June 30, | ||||||||||||||||||||||
2014 | 2013 | 2014 | 2013 | |||||||||||||||||||||||
Unrealized loss at beginning of period | $ | (4,069 | ) | $ | (7,199 | ) | $ | (3,971 | ) | $ | (8,673 | ) | ||||||||||||||
Amount reclassified from accumulated other comprehensive loss to interest expense on junior subordinated debentures | 521 | 1,583 | 1,014 | 3,122 | ||||||||||||||||||||||
Amount of (loss)/gain recognized in other comprehensive income | (1,147 | ) | 586 | (1,738 | ) | 521 | ||||||||||||||||||||
Unrealized loss at end of period | $ | (4,695 | ) | $ | (5,030 | ) | $ | (4,695 | ) | $ | (5,030 | ) | ||||||||||||||
Derivatives Used To Hedge Changes In Fair Value Attributable To Interest Rate Risk | ' | |||||||||||||||||||||||||
The following table presents the gain/(loss) and hedge ineffectiveness recognized on derivative instruments and the related hedged items that are designated as a fair value hedge accounting relationship as of June 30, 2014 and 2013: | ||||||||||||||||||||||||||
(Dollars in thousands) | Location of Gain/(Loss) | Amount of Gain/(Loss) Recognized | Amount of Gain/(Loss) Recognized | Income Statement Gain/ | ||||||||||||||||||||||
Recognized in Income on | in Income on Derivative | in Income on Hedged Item | (Loss) due to Hedge | |||||||||||||||||||||||
Derivative | Three Months Ended | Three Months Ended | Ineffectiveness | |||||||||||||||||||||||
Three Months Ended | ||||||||||||||||||||||||||
Derivatives in Fair Value | ||||||||||||||||||||||||||
Hedging Relationships | June 30, | June 30, | June 30, | June 30, | June 30, | June 30, | ||||||||||||||||||||
2014 | 2013 | 2014 | 2013 | 2014 | 2013 | |||||||||||||||||||||
Interest rate products | Trading (losses)/gains, net | $ | (26 | ) | $ | 67 | $ | 25 | $ | (57 | ) | $ | (1 | ) | $ | 10 | ||||||||||
(Dollars in thousands) | Location of Gain/(Loss) | Amount of Gain/(Loss) Recognized | Amount of Gain/(Loss) Recognized | Income Statement Gain/ | ||||||||||||||||||||||
Recognized in Income on | in Income on Derivative | in Income on Hedged Item | (Loss) due to Hedge | |||||||||||||||||||||||
Derivative | Six Months Ended | Six Months Ended | Ineffectiveness | |||||||||||||||||||||||
Six Months Ended | ||||||||||||||||||||||||||
Derivatives in Fair Value | ||||||||||||||||||||||||||
Hedging Relationships | June 30, | June 30, | June 30, | June 30, | June 30, | June 30, | ||||||||||||||||||||
2014 | 2013 | 2014 | 2013 | 2014 | 2013 | |||||||||||||||||||||
Interest rate products | Trading (losses)/gains, net | $ | (43 | ) | $ | 56 | $ | 40 | $ | (47 | ) | $ | (3 | ) | $ | 9 | ||||||||||
Summary Amounts Included In Consolidated Statement Of Income Related To Derivatives | ' | |||||||||||||||||||||||||
Amounts included in the Consolidated Statements of Income related to derivative instruments not designated in hedge relationships were as follows: | ||||||||||||||||||||||||||
(Dollars in thousands) | Three Months Ended | Six Months Ended | ||||||||||||||||||||||||
Derivative | Location in income statement | June 30, | June 30, | June 30, | June 30, | |||||||||||||||||||||
2014 | 2013 | 2014 | 2013 | |||||||||||||||||||||||
Interest rate swaps and caps | Trading (losses)/gains, net | $ | (737 | ) | $ | 3,217 | $ | (1,414 | ) | $ | 2,920 | |||||||||||||||
Mortgage banking derivatives | Mortgage banking revenue | (4,885 | ) | (2,368 | ) | (1,208 | ) | (3,038 | ) | |||||||||||||||||
Covered call options | Fees from covered call options | 1,244 | 993 | 2,786 | 2,632 | |||||||||||||||||||||
Foreign exchange contracts | Trading (losses)/gains, net | (10 | ) | 79 | (11 | ) | (67 | ) | ||||||||||||||||||
Derivative Asset and Liability Balance Sheet Offsetting [Table Text Block] | ' | |||||||||||||||||||||||||
The Company records interest rate derivatives subject to master netting agreements at their gross value and does not offset derivative assets and liabilities on the Consolidated Statements of Condition. The tables below summarize the Company's interest rate derivatives and offsetting positions as of the dates shown. | ||||||||||||||||||||||||||
Derivative Assets | Derivative Liabilities | |||||||||||||||||||||||||
Fair Value | Fair Value | |||||||||||||||||||||||||
(Dollars in thousands) | June 30, | 31-Dec-13 | June 30, | June 30, | 31-Dec-13 | June 30, | ||||||||||||||||||||
2014 | 2013 | 2014 | 2013 | |||||||||||||||||||||||
Gross Amounts Recognized | $ | 37,461 | $ | 37,956 | $ | 38,118 | $ | 36,733 | $ | 34,807 | $ | 33,788 | ||||||||||||||
Less: Amounts offset in the Statements of Financial Condition | $ | — | $ | — | $ | — | $ | — | $ | — | $ | — | ||||||||||||||
Net amount presented in the Statements of Financial Condition | $ | 37,461 | $ | 37,956 | $ | 38,118 | $ | 36,733 | $ | 34,807 | $ | 33,788 | ||||||||||||||
Gross amounts not offset in the Statements of Financial Condition | ||||||||||||||||||||||||||
Offsetting Derivative Positions | (3,738 | ) | (8,826 | ) | (8,192 | ) | (3,738 | ) | (8,826 | ) | (8,192 | ) | ||||||||||||||
Securities Collateral Posted (1) | — | — | — | (26,354 | ) | (25,981 | ) | (25,027 | ) | |||||||||||||||||
Net Credit Exposure | $ | 33,723 | $ | 29,130 | $ | 29,926 | $ | 6,641 | $ | — | $ | 569 | ||||||||||||||
(1) As of December 31, 2013, the Company posted securities collateral of $34.6 million which resulted in excess collateral with its counterparties. For purposes of this disclosure, the amount of posted collateral is limited to the amount offsetting the derivative liability. |
Fair_Values_of_Assets_and_Liab1
Fair Values of Assets and Liabilities (Tables) | 6 Months Ended | |||||||||||||||||||||||
Jun. 30, 2014 | ||||||||||||||||||||||||
Fair Value Disclosures [Abstract] | ' | |||||||||||||||||||||||
Summary Of Balances Of Assets And Liabilities Measured At Fair Value On A Recurring Basis | ' | |||||||||||||||||||||||
The following tables present the balances of assets and liabilities measured at fair value on a recurring basis for the periods presented: | ||||||||||||||||||||||||
June 30, 2014 | ||||||||||||||||||||||||
(Dollars in thousands) | Total | Level 1 | Level 2 | Level 3 | ||||||||||||||||||||
Available-for-sale securities | ||||||||||||||||||||||||
U.S. Treasury | $ | 388,415 | $ | — | $ | 388,415 | $ | — | ||||||||||||||||
U.S. Government agencies | 766,000 | — | 766,000 | — | ||||||||||||||||||||
Municipal | 176,107 | — | 138,054 | 38,053 | ||||||||||||||||||||
Corporate notes | 135,303 | — | 135,303 | — | ||||||||||||||||||||
Mortgage-backed | 303,563 | — | 303,563 | — | ||||||||||||||||||||
Equity securities | 54,852 | — | 30,700 | 24,152 | ||||||||||||||||||||
Trading account securities | 2,234 | — | 2,234 | — | ||||||||||||||||||||
Mortgage loans held-for-sale | 363,627 | — | 363,627 | — | ||||||||||||||||||||
Mortgage servicing rights | 8,227 | — | — | 8,227 | ||||||||||||||||||||
Nonqualified deferred compensation assets | 7,850 | — | 7,850 | — | ||||||||||||||||||||
Derivative assets | 50,967 | — | 50,967 | — | ||||||||||||||||||||
Total | $ | 2,257,145 | $ | — | $ | 2,186,713 | $ | 70,432 | ||||||||||||||||
Derivative liabilities | $ | 43,650 | $ | — | $ | 43,650 | $ | — | ||||||||||||||||
31-Dec-13 | ||||||||||||||||||||||||
(Dollars in thousands) | Total | Level 1 | Level 2 | Level 3 | ||||||||||||||||||||
Available-for-sale securities | ||||||||||||||||||||||||
U.S. Treasury | $ | 336,095 | $ | — | $ | 336,095 | $ | — | ||||||||||||||||
U.S. Government agencies | 895,688 | — | 895,688 | — | ||||||||||||||||||||
Municipal | 152,716 | — | 116,330 | 36,386 | ||||||||||||||||||||
Corporate notes | 135,038 | — | 135,038 | — | ||||||||||||||||||||
Mortgage-backed | 605,225 | — | 605,225 | — | ||||||||||||||||||||
Equity securities | 51,528 | — | 29,365 | 22,163 | ||||||||||||||||||||
Trading account securities | 497 | — | 497 | — | ||||||||||||||||||||
Mortgage loans held-for-sale | 332,485 | — | 332,485 | — | ||||||||||||||||||||
Mortgage servicing rights | 8,946 | — | — | 8,946 | ||||||||||||||||||||
Nonqualified deferred compensation assets | 7,222 | — | 7,222 | — | ||||||||||||||||||||
Derivative assets | 48,221 | — | 48,221 | — | ||||||||||||||||||||
Total | $ | 2,573,661 | $ | — | $ | 2,506,166 | $ | 67,495 | ||||||||||||||||
Derivative liabilities | $ | 37,264 | $ | — | $ | 37,264 | $ | — | ||||||||||||||||
30-Jun-13 | ||||||||||||||||||||||||
(Dollars in thousands) | Total | Level 1 | Level 2 | Level 3 | ||||||||||||||||||||
Available-for-sale securities | ||||||||||||||||||||||||
U.S. Treasury | $ | 210,975 | $ | — | $ | 210,975 | $ | — | ||||||||||||||||
U.S. Government agencies | 958,458 | — | 958,458 | — | ||||||||||||||||||||
Municipal | 150,127 | — | 117,695 | 32,432 | ||||||||||||||||||||
Corporate notes | 141,933 | — | 141,933 | — | ||||||||||||||||||||
Mortgage-backed | 332,767 | — | 332,767 | — | ||||||||||||||||||||
Equity securities | 49,564 | — | 27,136 | 22,428 | ||||||||||||||||||||
Trading account securities | 659 | — | 659 | — | ||||||||||||||||||||
Mortgage loans held-for-sale | 525,027 | — | 525,027 | — | ||||||||||||||||||||
Mortgage servicing rights | 8,636 | — | — | 8,636 | ||||||||||||||||||||
Nonqualified deferred compensation assets | 6,793 | — | 6,793 | — | ||||||||||||||||||||
Derivative assets | 60,554 | — | 60,554 | — | ||||||||||||||||||||
Total | $ | 2,445,493 | $ | — | $ | 2,381,997 | $ | 63,496 | ||||||||||||||||
Derivative liabilities | $ | 37,654 | $ | — | $ | 37,654 | $ | — | ||||||||||||||||
Summary Of Changes In Level 3 Assets And Liabilities Measured At Fair Value On A Recurring Basis | ' | |||||||||||||||||||||||
The changes in Level 3 assets measured at fair value on a recurring basis during the three and six months ended June 30, 2014 and 2013 are summarized as follows: | ||||||||||||||||||||||||
Equity securities | Mortgage | |||||||||||||||||||||||
(Dollars in thousands) | Municipal | servicing rights | ||||||||||||||||||||||
Balance at March 31, 2014 | $ | 39,772 | $ | 23,438 | $ | 8,719 | ||||||||||||||||||
Total net gains (losses) included in: | ||||||||||||||||||||||||
Net loss (1) | — | — | (492 | ) | ||||||||||||||||||||
Other comprehensive income | 73 | 714 | — | |||||||||||||||||||||
Purchases | 1,606 | — | — | |||||||||||||||||||||
Issuances | — | — | — | |||||||||||||||||||||
Sales | — | — | — | |||||||||||||||||||||
Settlements | (3,398 | ) | — | — | ||||||||||||||||||||
Net transfers into/(out of) Level 3 | — | — | — | |||||||||||||||||||||
Balance at June 30, 2014 | $ | 38,053 | $ | 24,152 | $ | 8,227 | ||||||||||||||||||
-1 | Changes in the balance of mortgage servicing rights are recorded as a component of mortgage banking revenue in non-interest income. | |||||||||||||||||||||||
Equity securities | Mortgage | |||||||||||||||||||||||
(Dollars in thousands) | Municipal | servicing rights | ||||||||||||||||||||||
Balance at January 1, 2014 | $ | 36,386 | $ | 22,163 | $ | 8,946 | ||||||||||||||||||
Total net gains (losses) included in: | ||||||||||||||||||||||||
Net loss (1) | — | — | (719 | ) | ||||||||||||||||||||
Other comprehensive income | 220 | 1,989 | — | |||||||||||||||||||||
Purchases | 4,966 | — | — | |||||||||||||||||||||
Issuances | — | — | — | |||||||||||||||||||||
Sales | — | — | — | |||||||||||||||||||||
Settlements | (3,519 | ) | — | — | ||||||||||||||||||||
Net transfers into/(out of) Level 3 | — | — | — | |||||||||||||||||||||
Balance at June 30, 2014 | $ | 38,053 | $ | 24,152 | $ | 8,227 | ||||||||||||||||||
-1 | Changes in the balance of mortgage servicing rights are recorded as a component of mortgage banking revenue in non-interest income. | |||||||||||||||||||||||
Equity securities | Mortgage | |||||||||||||||||||||||
(Dollars in thousands) | Municipal | servicing rights | ||||||||||||||||||||||
Balance at March 31, 2013 | $ | 32,324 | $ | 24,470 | $ | 7,344 | ||||||||||||||||||
Total net gains (losses) included in: | ||||||||||||||||||||||||
Net income (1) | — | — | 1,292 | |||||||||||||||||||||
Other comprehensive income | (302 | ) | (2,042 | ) | — | |||||||||||||||||||
Purchases | 660 | — | — | |||||||||||||||||||||
Issuances | — | — | — | |||||||||||||||||||||
Sales | — | — | — | |||||||||||||||||||||
Settlements | (250 | ) | — | — | ||||||||||||||||||||
Net transfers into/(out of) Level 3 | — | — | — | |||||||||||||||||||||
Balance at June 30, 2013 | $ | 32,432 | $ | 22,428 | $ | 8,636 | ||||||||||||||||||
-1 | Changes in the balance of mortgage servicing rights are recorded as a component of mortgage banking revenue in non-interest income. | |||||||||||||||||||||||
Equity securities | Mortgage | |||||||||||||||||||||||
(Dollars in thousands) | Municipal | servicing rights | ||||||||||||||||||||||
Balance at January 1, 2013 | $ | 30,770 | $ | 22,169 | $ | 6,750 | ||||||||||||||||||
Total net gains (losses) included in: | ||||||||||||||||||||||||
Net income (1) | — | — | 1,886 | |||||||||||||||||||||
Other comprehensive income | (314 | ) | 259 | — | ||||||||||||||||||||
Purchases | 2,347 | — | — | |||||||||||||||||||||
Issuances | — | — | — | |||||||||||||||||||||
Sales | — | — | — | |||||||||||||||||||||
Settlements | (371 | ) | — | — | ||||||||||||||||||||
Net transfers into/(out of) Level 3 | — | — | — | |||||||||||||||||||||
Balance at June 30, 2013 | $ | 32,432 | $ | 22,428 | $ | 8,636 | ||||||||||||||||||
-1 | Changes in the balance of mortgage servicing rights are recorded as a component of mortgage banking revenue in non-interest income. | |||||||||||||||||||||||
Summary Of Assets Measured At Fair Value On A Nonrecurring Basis | ' | |||||||||||||||||||||||
For assets measured at fair value on a nonrecurring basis that were still held in the balance sheet at the end of the period, the following table provides the carrying value of the related individual assets or portfolios at June 30, 2014. | ||||||||||||||||||||||||
June 30, 2014 | Three Months | Six Months Ended June 30, 2014 Fair Value Losses Recognized, net | ||||||||||||||||||||||
Ended June 30, 2014 | ||||||||||||||||||||||||
(Dollars in thousands) | Total | Level 1 | Level 2 | Level 3 | Fair Value Losses Recognized, net | |||||||||||||||||||
Impaired loans—collateral based | $ | 65,046 | $ | — | $ | — | $ | 65,046 | $ | 6,133 | $ | 13,697 | ||||||||||||
Other real estate owned, including covered other real estate owned (1) | 115,584 | — | — | 115,584 | 2,761 | 8,933 | ||||||||||||||||||
Total | $ | 180,630 | $ | — | $ | — | $ | 180,630 | $ | 8,894 | $ | 22,630 | ||||||||||||
-1 | Fair value losses recognized, net on other real estate owned include valuation adjustments and charge-offs during the respective period. | |||||||||||||||||||||||
Schedule Of Valuation Techniques And Significant Unobservable Inputs Used To Measure Both Recurring And Non-Recurring | ' | |||||||||||||||||||||||
The valuation techniques and significant unobservable inputs used to measure both recurring and non-recurring Level 3 fair value measurements at June 30, 2014 were as follows: | ||||||||||||||||||||||||
(Dollars in thousands) | ||||||||||||||||||||||||
Fair Value | Valuation Methodology | Significant Unobservable Input | Range | Weighted | Impact to valuation | |||||||||||||||||||
of Inputs | Average | from an increased or | ||||||||||||||||||||||
of Inputs | higher input value | |||||||||||||||||||||||
Measured at fair value on a recurring basis: | ||||||||||||||||||||||||
Municipal Securities | $ | 38,053 | Bond pricing | Equivalent rating | BBB-AA+ | N/A | Increase | |||||||||||||||||
Equity Securities | 24,152 | Discounted cash flows | Discount rate | 1.24%-2.10% | 1.72% | Decrease | ||||||||||||||||||
Mortgage Servicing Rights | 8,227 | Discounted cash flows | Discount rate | 9.5%-13% | 9.66% | Decrease | ||||||||||||||||||
Constant prepayment rate (CPR) | 11%-16% | 12.68% | Decrease | |||||||||||||||||||||
Measured at fair value on a non-recurring basis: | ||||||||||||||||||||||||
Impaired loans—collateral based | $ | 65,046 | Appraisal value | N/A | N/A | N/A | N/A | |||||||||||||||||
Other real estate owned, including covered other real estate owned | 115,584 | Appraisal value | Property specific valuation adjustment | (40)% - 55% | -2.81% | Increase | ||||||||||||||||||
Summary Of Carrying Amounts And Estimated Fair Values Of Financial Instruments | ' | |||||||||||||||||||||||
The carrying amounts and estimated fair values of the Company’s financial instruments as of the dates shown: | ||||||||||||||||||||||||
At June 30, 2014 | At December 31, 2013 | At June 30, 2013 | ||||||||||||||||||||||
Carrying | Fair | Carrying | Fair | Carrying | Fair | |||||||||||||||||||
(Dollars in thousands) | Value | Value | Value | Value | Value | Value | ||||||||||||||||||
Financial Assets: | ||||||||||||||||||||||||
Cash and cash equivalents | $ | 356,978 | $ | 356,978 | $ | 263,864 | $ | 263,864 | $ | 233,299 | $ | 233,299 | ||||||||||||
Interest bearing deposits with banks | 506,871 | 506,871 | 495,574 | 495,574 | 440,656 | 440,656 | ||||||||||||||||||
Available-for-sale securities | 1,824,240 | 1,824,240 | 2,176,290 | 2,176,290 | 1,843,824 | 1,843,824 | ||||||||||||||||||
Trading account securities | 2,234 | 2,234 | 497 | 497 | 659 | 659 | ||||||||||||||||||
Federal Home Loan Bank and Federal Reserve Bank stock, at cost | 84,531 | 84,531 | 79,261 | 79,261 | 79,354 | 79,354 | ||||||||||||||||||
Brokerage customer receivables | 28,199 | 28,199 | 30,953 | 30,953 | 26,214 | 26,214 | ||||||||||||||||||
Mortgage loans held-for-sale, at fair value | 363,627 | 363,627 | 332,485 | 332,485 | 525,027 | 525,027 | ||||||||||||||||||
Mortgage loans held-for-sale, at lower of cost or market | — | — | 1,842 | 1,857 | 12,964 | 13,113 | ||||||||||||||||||
Total loans | 14,025,150 | 14,741,579 | 13,243,033 | 13,867,255 | 12,971,494 | 13,613,298 | ||||||||||||||||||
Mortgage servicing rights | 8,227 | 8,227 | 8,946 | 8,946 | 8,636 | 8,636 | ||||||||||||||||||
Nonqualified deferred compensation assets | 7,850 | 7,850 | 7,222 | 7,222 | 6,793 | 6,793 | ||||||||||||||||||
Derivative assets | 50,967 | 50,967 | 48,221 | 48,221 | 60,554 | 60,554 | ||||||||||||||||||
FDIC indemnification asset | 46,115 | 46,115 | 85,672 | 85,672 | 137,681 | 137,681 | ||||||||||||||||||
Accrued interest receivable and other | 165,511 | 165,511 | 163,732 | 163,732 | 163,703 | 163,703 | ||||||||||||||||||
Total financial assets | $ | 17,470,500 | $ | 18,186,929 | $ | 16,937,592 | $ | 17,561,829 | $ | 16,510,858 | $ | 17,152,811 | ||||||||||||
Financial Liabilities | ||||||||||||||||||||||||
Non-maturity deposits | $ | 11,314,162 | $ | 11,314,162 | $ | 10,442,077 | $ | 10,442,077 | $ | 10,023,533 | $ | 10,023,533 | ||||||||||||
Deposits with stated maturities | 4,242,214 | 4,255,896 | 4,226,712 | 4,242,172 | 4,342,321 | 4,359,361 | ||||||||||||||||||
Notes payable | — | — | 364 | 364 | 1,729 | 1,729 | ||||||||||||||||||
Federal Home Loan Bank advances | 580,582 | 585,792 | 417,762 | 422,750 | 585,942 | 591,183 | ||||||||||||||||||
Other borrowings | 43,716 | 43,716 | 254,740 | 254,740 | 252,776 | 252,776 | ||||||||||||||||||
Subordinated notes | 140,000 | 144,899 | — | — | 10,000 | 10,000 | ||||||||||||||||||
Junior subordinated debentures | 249,493 | 250,492 | 249,493 | 250,672 | 249,493 | 250,597 | ||||||||||||||||||
Derivative liabilities | 43,650 | 43,650 | 37,264 | 37,264 | 37,654 | 37,654 | ||||||||||||||||||
Accrued interest payable | 8,399 | 8,399 | 8,556 | 8,556 | 11,293 | 11,293 | ||||||||||||||||||
Total financial liabilities | $ | 16,622,216 | $ | 16,647,006 | $ | 15,636,968 | $ | 15,658,595 | $ | 15,514,741 | $ | 15,538,126 | ||||||||||||
StockBased_Compensation_Plans_
Stock-Based Compensation Plans (Tables) | 6 Months Ended | |||||||||||||
Jun. 30, 2014 | ||||||||||||||
Share-based Compensation [Abstract] | ' | |||||||||||||
Weighted Average Assumptions Used To Determine The Options Fair Value | ' | |||||||||||||
The following table presents the weighted average assumptions used to determine the fair value of options granted in the six month periods ending June 30, 2014 and 2013. | ||||||||||||||
Six Months Ended | Six Months Ended | |||||||||||||
June 30, | June 30, | |||||||||||||
2014 | 2013 | |||||||||||||
Expected dividend yield | 0.4 | % | 0.5 | % | ||||||||||
Expected volatility | 30.8 | % | 59.6 | % | ||||||||||
Risk-free rate | 0.7 | % | 0.7 | % | ||||||||||
Expected option life (in years) | 4.5 | 4.5 | ||||||||||||
Summary Of Stock Option Activity | ' | |||||||||||||
A summary of the Plans' stock option activity for the six months ended June 30, 2014 and June 30, 2013 is presented below: | ||||||||||||||
Stock Options | Common | Weighted | Remaining | Intrinsic | ||||||||||
Shares | Average | Contractual | Value (2) | |||||||||||
Strike Price | Term (1) | $0 | ||||||||||||
Outstanding at January 1, 2014 | 1,524,672 | $ | 42 | |||||||||||
Granted | 364,767 | 46.85 | ||||||||||||
Exercised | (88,141 | ) | 34.66 | |||||||||||
Forfeited or canceled | (43,617 | ) | 45.56 | |||||||||||
Outstanding at June 30, 2014 | 1,757,681 | $ | 43.29 | 3.5 | $ | 9,833 | ||||||||
Exercisable at June 30, 2014 | 1,143,629 | $ | 43.98 | 2.2 | $ | 7,066 | ||||||||
Stock Options | Common | Weighted | Remaining | Intrinsic | ||||||||||
Shares | Average | Contractual | Value (2) | |||||||||||
Strike Price | Term (1) | $0 | ||||||||||||
Outstanding at January 1, 2013 | 1,745,427 | $ | 42.31 | |||||||||||
Granted | 223,995 | 37.81 | ||||||||||||
Exercised | (44,658 | ) | 28.27 | |||||||||||
Forfeited or canceled | (16,765 | ) | 38.64 | |||||||||||
Outstanding at June 30, 2013 | 1,907,999 | $ | 42.15 | 3.1 | $ | 4,634 | ||||||||
Exercisable at June 30, 2013 | 1,399,796 | $ | 45.04 | 2.1 | $ | 2,552 | ||||||||
-1 | Represents the remaining weighted average contractual life in years. | |||||||||||||
-2 | Aggregate intrinsic value represents the total pre-tax intrinsic value (i.e., the difference between the Company's stock price on the last trading day of the quarter and the option exercise price, multiplied by the number of shares) that would have been received by the option holders if they had exercised their options on the last day of the quarter. Options with exercise prices above the stock price on the last trading day of the quarter are excluded from the calculation of intrinsic value. The intrinsic value will change based on the fair market value of the Company's stock. | |||||||||||||
Summary Of Plans' Restricted Share And Performance-Vested Stock Award Activity | ' | |||||||||||||
A summary of the Plans' restricted share activity for the six months ended June 30, 2014 and June 30, 2013 is presented below: | ||||||||||||||
Six months ended June 30, 2014 | Six months ended June 30, 2013 | |||||||||||||
Restricted Shares | Common | Weighted | Common | Weighted | ||||||||||
Shares | Average | Shares | Average | |||||||||||
Grant-Date | Grant-Date | |||||||||||||
Fair Value | Fair Value | |||||||||||||
Outstanding at January 1 | 181,522 | $ | 43.39 | 314,226 | $ | 37.99 | ||||||||
Granted | 11,430 | 46.1 | 686 | 35.92 | ||||||||||
Vested and issued | (32,328 | ) | 34.57 | (121,472 | ) | 32.06 | ||||||||
Forfeited | (5,387 | ) | 36.89 | (872 | ) | 32.42 | ||||||||
Outstanding at June 30 | 155,237 | $ | 45.65 | 192,568 | $ | 41.74 | ||||||||
Vested, but not issuable at June 30 | 85,000 | $ | 51.88 | 85,000 | $ | 51.88 | ||||||||
A summary of the 2007 Plan's performance-based stock award activity, based on the target level of the awards, for the six months ended June 30, 2014 and June 30, 2013 is presented below: | ||||||||||||||
Six months ended June 30, 2014 | Six months ended June 30, 2013 | |||||||||||||
Performance-based Stock | Common | Weighted | Common | Weighted | ||||||||||
Shares | Average | Shares | Average | |||||||||||
Grant-Date | Grant-Date | |||||||||||||
Fair Value | Fair Value | |||||||||||||
Outstanding at January 1 | 307,512 | $ | 34.01 | 214,565 | $ | 32.08 | ||||||||
Granted | 93,123 | 46.85 | 103,987 | 37.81 | ||||||||||
Vested and issued | (15,944 | ) | 33.28 | — | — | |||||||||
Forfeited | (87,046 | ) | 33.64 | (6,441 | ) | 33.64 | ||||||||
Outstanding at June 30 | 297,645 | $ | 38.18 | 312,111 | $ | 33.96 | ||||||||
Shareholders_Equity_and_Earnin1
Shareholders' Equity and Earnings Per Share (Tables) | 6 Months Ended | |||||||||||||||||
Jun. 30, 2014 | ||||||||||||||||||
Earnings Per Share, Basic and Diluted, Other Disclosures [Abstract] | ' | |||||||||||||||||
Aggregate Fair Values Assigned To Each Component Of Tangible Equity Units Offering | ' | |||||||||||||||||
The aggregate fair values assigned to each component of the TEU offering at the issuance date were as follows: | ||||||||||||||||||
(Dollars in thousands, except per unit amounts) | Equity | Debt | TEU Total | |||||||||||||||
Component | Component | |||||||||||||||||
Units issued (1) | 4,600 | 4,600 | 4,600 | |||||||||||||||
Unit price | $ | 40.271818 | $ | 9.728182 | $ | 50 | ||||||||||||
Gross proceeds | 185,250 | 44,750 | 230,000 | |||||||||||||||
Issuance costs, including discount | 5,934 | 1,419 | 7,353 | |||||||||||||||
Net proceeds | $ | 179,316 | $ | 43,331 | $ | 222,647 | ||||||||||||
Balance sheet impact | ||||||||||||||||||
Other borrowings | — | 43,331 | 43,331 | |||||||||||||||
Surplus | 179,316 | — | 179,316 | |||||||||||||||
-1 | TEUs consisted of two components: one unit of the equity component and one unit of the debt component. | |||||||||||||||||
Components Of Other Comprehensive Income (Loss) | ' | |||||||||||||||||
The following tables summarize the components of other comprehensive income (loss), including the related income tax effects, and the related amount reclassified to net income for the periods presented (in thousands). | ||||||||||||||||||
Accumulated | Accumulated | Accumulated | Total | |||||||||||||||
Unrealized (Losses) Gains on Securities | Unrealized | Foreign | Accumulated | |||||||||||||||
Losses on | Currency | Other | ||||||||||||||||
Derivative | Translation | Comprehensive | ||||||||||||||||
Instruments | Adjustments | Income (Loss) | ||||||||||||||||
Balance at April 1, 2014 | $ | (39,923 | ) | $ | (2,521 | ) | $ | (14,309 | ) | $ | (56,753 | ) | ||||||
Other comprehensive income (loss) during the period, net of tax, before reclassifications | 15,717 | (691 | ) | 6,707 | 21,733 | |||||||||||||
Amount reclassified from accumulated other comprehensive income, net of tax | 203 | 314 | — | 517 | ||||||||||||||
Net other comprehensive income (loss) during the period, net of tax | $ | 15,920 | $ | (377 | ) | $ | 6,707 | $ | 22,250 | |||||||||
Balance at June 30, 2014 | $ | (24,003 | ) | $ | (2,898 | ) | $ | (7,602 | ) | $ | (34,503 | ) | ||||||
Balance at January 1, 2014 | $ | (53,665 | ) | $ | (2,462 | ) | $ | (6,909 | ) | $ | (63,036 | ) | ||||||
Other comprehensive income (loss) during the period, net of tax, before reclassifications | 29,439 | (1,047 | ) | (693 | ) | 27,699 | ||||||||||||
Amount reclassified from accumulated other comprehensive income, net of tax | 223 | 611 | — | 834 | ||||||||||||||
Net other comprehensive income (loss)during the period, net of tax | $ | 29,662 | $ | (436 | ) | $ | (693 | ) | $ | 28,533 | ||||||||
Balance at June 30, 2014 | $ | (24,003 | ) | $ | (2,898 | ) | $ | (7,602 | ) | $ | (34,503 | ) | ||||||
Balance at April 1, 2013 | $ | 1,910 | $ | (4,404 | ) | $ | 1,427 | $ | (1,067 | ) | ||||||||
Other comprehensive (loss) income during the period, net of tax, before reclassifications | (43,122 | ) | 351 | (6,318 | ) | (49,089 | ) | |||||||||||
Amount reclassified from accumulated other comprehensive income, net of tax | (1 | ) | 953 | — | 952 | |||||||||||||
Net other comprehensive (loss) income during the period, net of tax | $ | (43,123 | ) | $ | 1,304 | $ | (6,318 | ) | $ | (48,137 | ) | |||||||
Balance at June 30, 2013 | $ | (41,213 | ) | $ | (3,100 | ) | $ | (4,891 | ) | $ | (49,204 | ) | ||||||
Balance at January 1, 2013 | $ | 6,710 | $ | (5,292 | ) | $ | 6,293 | $ | 7,711 | |||||||||
Other comprehensive (loss) income during the period, net of tax, before reclassifications | (47,771 | ) | 312 | (11,184 | ) | (58,643 | ) | |||||||||||
Amount reclassified from accumulated other comprehensive income, net of tax | (152 | ) | 1,880 | — | 1,728 | |||||||||||||
Net other comprehensive (loss) income during the period, net of tax | $ | (47,923 | ) | $ | 2,192 | $ | (11,184 | ) | $ | (56,915 | ) | |||||||
Balance at June 30, 2013 | $ | (41,213 | ) | $ | (3,100 | ) | $ | (4,891 | ) | $ | (49,204 | ) | ||||||
Other Comprehensive Income Reclassified from AOCI | ' | |||||||||||||||||
Amount Reclassified from Accumulated Other Comprehensive Income for the | ||||||||||||||||||
Details Regarding the Component of | Three months ended | Six months ended | Impacted Line on the Consolidated Statements of Income | |||||||||||||||
Accumulated Other Comprehensive Income | 30-Jun-14 | 30-Jun-13 | 30-Jun-14 | 30-Jun-13 | ||||||||||||||
Accumulated unrealized losses on securities | ||||||||||||||||||
Gains included in net income | $ | (336 | ) | $ | 2 | $ | (369 | ) | $ | 253 | (Losses) gains on available-for-sale securities, net | |||||||
(336 | ) | 2 | (369 | ) | 253 | Income before taxes | ||||||||||||
Tax effect | $ | 133 | $ | (1 | ) | $ | 146 | $ | (101 | ) | Income tax expense | |||||||
Net of tax | $ | (203 | ) | $ | 1 | $ | (223 | ) | $ | 152 | Net income | |||||||
Accumulated unrealized losses on derivative instruments | ||||||||||||||||||
Amount reclassified to interest expense on junior subordinated debentures | $ | 521 | $ | 1,583 | $ | 1,014 | $ | 3,122 | Interest on junior subordinated debentures | |||||||||
(521 | ) | (1,583 | ) | (1,014 | ) | (3,122 | ) | Income before taxes | ||||||||||
Tax effect | $ | 207 | $ | 630 | $ | 403 | $ | 1,242 | Income tax expense | |||||||||
Net of tax | $ | (314 | ) | $ | (953 | ) | $ | (611 | ) | $ | (1,880 | ) | Net income | |||||
Computation Of Basic And Diluted Earnings Per Common Share | ' | |||||||||||||||||
The following table shows the computation of basic and diluted earnings per share for the periods indicated: | ||||||||||||||||||
Three Months Ended | Six months ended | |||||||||||||||||
(In thousands, except per share data) | 30-Jun-14 | 30-Jun-13 | 30-Jun-14 | June 30, | ||||||||||||||
2013 | ||||||||||||||||||
Net income | $ | 38,541 | $ | 34,307 | $ | 73,041 | $ | 66,359 | ||||||||||
Less: Preferred stock dividends and discount accretion | 1,581 | 2,617 | 3,162 | 5,233 | ||||||||||||||
Net income applicable to common shares—Basic | (A) | 36,960 | 31,690 | 69,879 | 61,126 | |||||||||||||
Add: Dividends on convertible preferred stock, if dilutive | 1,581 | 2,581 | 3,162 | 5,162 | ||||||||||||||
Net income applicable to common shares—Diluted | (B) | 38,541 | 34,271 | 73,041 | 66,288 | |||||||||||||
Weighted average common shares outstanding | (C) | 46,520 | 37,486 | 46,358 | 37,231 | |||||||||||||
Effect of dilutive potential common shares | ||||||||||||||||||
Common stock equivalents | 1,327 | 7,334 | 1,381 | 7,343 | ||||||||||||||
Convertible preferred stock, if dilutive | 3,075 | 5,020 | 3,075 | 5,020 | ||||||||||||||
Total dilutive potential common shares | 4,402 | 12,354 | 4,456 | 12,363 | ||||||||||||||
Weighted average common shares and effect of dilutive potential common shares | (D) | 50,922 | 49,840 | 50,814 | 49,594 | |||||||||||||
Net income per common share: | ||||||||||||||||||
Basic | (A/C) | $ | 0.79 | $ | 0.85 | $ | 1.51 | $ | 1.64 | |||||||||
Diluted | (B/D) | $ | 0.76 | $ | 0.69 | $ | 1.44 | $ | 1.34 | |||||||||
Business_Combinations_Summary_
Business Combinations (Summary Of FDIC Indemnification Asset) (Detail) (USD $) | 3 Months Ended | 6 Months Ended | ||
In Thousands, unless otherwise specified | Jun. 30, 2014 | Jun. 30, 2013 | Jun. 30, 2014 | Jun. 30, 2013 |
FDIC Indemnification Asset [Roll Forward] | ' | ' | ' | ' |
Balance at beginning of period | $60,298 | $170,696 | $85,672 | $208,160 |
Additions from acquisitions | 0 | 0 | 0 | 0 |
Additions from reimbursable expenses | 2,067 | 2,827 | 3,349 | 7,860 |
Amortization | -1,456 | -1,653 | -3,059 | -4,121 |
Changes in expected reimbursements from the FDIC for changes in expected credit losses | -13,645 | -26,638 | -29,029 | -52,735 |
Payments received from the FDIC | 1,149 | 7,551 | 10,818 | 21,483 |
Balance at end of period | $46,115 | $137,681 | $46,115 | $137,681 |
Business_Combinations_Narrativ
Business Combinations (Narrative) (Detail) (USD $) | 6 Months Ended | 0 Months Ended | 54 Months Ended | 0 Months Ended | 12 Months Ended | ||||||
Jun. 30, 2014 | 16-May-14 | Oct. 18, 2013 | 1-May-13 | Jun. 30, 2014 | Apr. 28, 2014 | Oct. 02, 2013 | Sep. 30, 2013 | 1-May-13 | 1-May-13 | Feb. 01, 2013 | |
Urban Partnership Bank, Stone Park branch [Member] | Diamond Bancorp, Inc [Member] | First Lansing Bancorp, Inc. [Member] | FDIC Assisted [Member] | Policy Billing Services Inc. [Member] | Surety Financial Services [Member] | Surety Financial Services [Member] | South And Southwest Suburbs of Chicago, Illinois [Member] | Northwest Indiana [Member] | Second Federal [Member] | ||
locations | financial_institution | locations | First Lansing Bancorp, Inc. [Member] | First Lansing Bancorp, Inc. [Member] | |||||||
locations | locations | ||||||||||
Business Acquisition [Line Items] | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Effective date of acquisition | ' | 16-May-14 | 18-Oct-13 | 1-May-13 | ' | 28-Apr-14 | 1-Oct-13 | ' | ' | ' | ' |
Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Liabilities | ' | $5,500,000 | $169,100,000 | $334,700,000 | ' | ' | ' | ' | ' | ' | ' |
Assumed deposits | ' | 5,400,000 | 140,200,000 | 331,400,000 | ' | ' | ' | ' | ' | ' | ' |
Additional goodwill recorded on acquisition | 7,035,000 | 600,000 | 8,400,000 | 14,000,000 | ' | 6,400,000 | 9,500,000 | ' | ' | ' | ' |
Number of locations | ' | ' | 4 | ' | ' | ' | ' | 5 | 7 | 1 | ' |
Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Assets | ' | ' | 172,500,000 | 373,400,000 | ' | ' | ' | ' | ' | ' | ' |
Business acquisition, loans acquired | ' | ' | 91,700,000 | 123,000,000 | ' | 7,400,000 | ' | ' | ' | ' | ' |
Number of FDIC assisted banks acquired | ' | ' | ' | ' | 9 | ' | ' | ' | ' | ' | ' |
FDIC loss sharing percentage on purchased loans, OREO, and certain other assets | 80.00% | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Divestiture of businesses, deposits disposed | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 149,000,000 |
Number of Affiliated Companies Acquired | ' | ' | ' | ' | ' | 2 | ' | ' | ' | ' | ' |
Mortgage Loan Originations | ' | ' | ' | ' | ' | ' | ' | $1,000,000,000 | ' | ' | ' |
AvailableForSale_Securities_Sc
Available-For-Sale Securities (Schedule Of Available-For-Sale Securities Reconciliation) (Detail) (USD $) | Jun. 30, 2014 | Dec. 31, 2013 | Jun. 30, 2013 | |||
In Thousands, unless otherwise specified | ||||||
Schedule of Available-for-sale Securities [Line Items] | ' | ' | ' | |||
Amortized cost | $1,864,123 | $2,265,118 | $1,912,031 | |||
Gross unrealized gains | 21,909 | 11,758 | 10,967 | |||
Gross unrealized losses | -61,792 | -100,586 | -79,174 | |||
Available-for-sale securities, at fair value | 1,824,240 | 2,176,290 | 1,843,824 | |||
US Treasury [Member] | ' | ' | ' | |||
Schedule of Available-for-sale Securities [Line Items] | ' | ' | ' | |||
Amortized cost | 399,031 | 354,262 | 225,200 | |||
Gross unrealized gains | 354 | 141 | 134 | |||
Gross unrealized losses | -10,970 | -18,308 | -14,359 | |||
Available-for-sale securities, at fair value | 388,415 | 336,095 | 210,975 | |||
U.S. Government Agencies [Member] | ' | ' | ' | |||
Schedule of Available-for-sale Securities [Line Items] | ' | ' | ' | |||
Amortized cost | 798,889 | 950,086 | 996,137 | |||
Gross unrealized gains | 4,458 | 1,680 | 1,976 | |||
Gross unrealized losses | -37,347 | -56,078 | -39,655 | |||
Available-for-sale securities, at fair value | 766,000 | 895,688 | 958,458 | |||
Municipal [Member] | ' | ' | ' | |||
Schedule of Available-for-sale Securities [Line Items] | ' | ' | ' | |||
Amortized cost | 173,664 | 154,463 | 152,208 | |||
Gross unrealized gains | 4,385 | 2,551 | 1,281 | |||
Gross unrealized losses | -1,942 | -4,298 | -3,362 | |||
Available-for-sale securities, at fair value | 176,107 | 152,716 | 150,127 | |||
Corporate Notes, Financial Issuers [Member] | ' | ' | ' | |||
Schedule of Available-for-sale Securities [Line Items] | ' | ' | ' | |||
Amortized cost | 129,211 | 129,362 | 133,453 | |||
Gross unrealized gains | 2,402 | 1,993 | 2,290 | |||
Gross unrealized losses | -1,387 | -2,411 | -2,783 | |||
Available-for-sale securities, at fair value | 130,226 | 128,944 | 132,960 | |||
Corporate Notes, Other [Member] | ' | ' | ' | |||
Schedule of Available-for-sale Securities [Line Items] | ' | ' | ' | |||
Amortized cost | 4,980 | 5,994 | 8,838 | |||
Gross unrealized gains | 97 | 105 | 135 | |||
Gross unrealized losses | 0 | -5 | 0 | |||
Available-for-sale securities, at fair value | 5,077 | 6,094 | 8,973 | |||
Mortgage-Backed Securities [Member] | ' | ' | ' | |||
Schedule of Available-for-sale Securities [Line Items] | ' | ' | ' | |||
Amortized cost | 255,082 | [1] | 562,708 | [1] | 279,925 | [1] |
Gross unrealized gains | 5,190 | [1] | 3,537 | [1] | 3,971 | [1] |
Gross unrealized losses | -9,097 | [1] | -18,047 | [1] | -14,866 | [1] |
Available-for-sale securities, at fair value | 251,175 | [1] | 548,198 | [1] | 269,030 | [1] |
Mortgage-Backed, Collateralized Mortgage Obligations [Member] | ' | ' | ' | |||
Schedule of Available-for-sale Securities [Line Items] | ' | ' | ' | |||
Amortized cost | 52,672 | [1] | 57,711 | [1] | 63,833 | [1] |
Gross unrealized gains | 389 | [1] | 258 | [1] | 434 | [1] |
Gross unrealized losses | -673 | [1] | -942 | [1] | -530 | [1] |
Available-for-sale securities, at fair value | 52,388 | [1] | 57,027 | [1] | 63,737 | [1] |
Equity Securities [Member] | ' | ' | ' | |||
Schedule of Available-for-sale Securities [Line Items] | ' | ' | ' | |||
Amortized cost | 50,594 | 50,532 | 52,437 | |||
Gross unrealized gains | 4,634 | 1,493 | 746 | |||
Gross unrealized losses | -376 | -497 | -3,619 | |||
Available-for-sale securities, at fair value | $54,852 | $51,528 | $49,564 | |||
[1] | Consisting entirely of residential mortgage-backed securities, none of which are subprime. |
AvailableForSale_Securities_Av
Available-For-Sale Securities (Available-For-Sale Securities, Continuous Unrealized Loss Position, Fair Value) (Detail) (USD $) | Jun. 30, 2014 |
In Thousands, unless otherwise specified | |
Schedule of Available-for-sale Securities [Line Items] | ' |
Continuous unrealized losses existing for less than 12 months, Fair value | $40,551 |
Continuous unrealized losses existing for less than 12 months, Unrealized losses | -629 |
Continuous unrealized losses existing for greater than 12 months, Fair value | 919,511 |
Continuous unrealized losses existing for greater than 12 months, Unrealized losses | -61,163 |
Total, Fair value | 960,062 |
Total, Unrealized losses | -61,792 |
US Treasury [Member] | ' |
Schedule of Available-for-sale Securities [Line Items] | ' |
Continuous unrealized losses existing for less than 12 months, Fair value | 0 |
Continuous unrealized losses existing for less than 12 months, Unrealized losses | 0 |
Continuous unrealized losses existing for greater than 12 months, Fair value | 189,188 |
Continuous unrealized losses existing for greater than 12 months, Unrealized losses | -10,970 |
Total, Fair value | 189,188 |
Total, Unrealized losses | -10,970 |
U.S. Government Agencies [Member] | ' |
Schedule of Available-for-sale Securities [Line Items] | ' |
Continuous unrealized losses existing for less than 12 months, Fair value | 26,310 |
Continuous unrealized losses existing for less than 12 months, Unrealized losses | -460 |
Continuous unrealized losses existing for greater than 12 months, Fair value | 445,927 |
Continuous unrealized losses existing for greater than 12 months, Unrealized losses | -36,887 |
Total, Fair value | 472,237 |
Total, Unrealized losses | -37,347 |
Municipal [Member] | ' |
Schedule of Available-for-sale Securities [Line Items] | ' |
Continuous unrealized losses existing for less than 12 months, Fair value | 5,866 |
Continuous unrealized losses existing for less than 12 months, Unrealized losses | -36 |
Continuous unrealized losses existing for greater than 12 months, Fair value | 55,190 |
Continuous unrealized losses existing for greater than 12 months, Unrealized losses | -1,906 |
Total, Fair value | 61,056 |
Total, Unrealized losses | -1,942 |
Corporate Notes, Financial Issuers [Member] | ' |
Schedule of Available-for-sale Securities [Line Items] | ' |
Continuous unrealized losses existing for less than 12 months, Fair value | 1,326 |
Continuous unrealized losses existing for less than 12 months, Unrealized losses | -3 |
Continuous unrealized losses existing for greater than 12 months, Fair value | 57,808 |
Continuous unrealized losses existing for greater than 12 months, Unrealized losses | -1,384 |
Total, Fair value | 59,134 |
Total, Unrealized losses | -1,387 |
Corporate Notes, Other [Member] | ' |
Schedule of Available-for-sale Securities [Line Items] | ' |
Continuous unrealized losses existing for less than 12 months, Fair value | 0 |
Continuous unrealized losses existing for less than 12 months, Unrealized losses | 0 |
Continuous unrealized losses existing for greater than 12 months, Fair value | 0 |
Continuous unrealized losses existing for greater than 12 months, Unrealized losses | 0 |
Total, Fair value | 0 |
Total, Unrealized losses | 0 |
Mortgage-Backed Securities [Member] | ' |
Schedule of Available-for-sale Securities [Line Items] | ' |
Continuous unrealized losses existing for less than 12 months, Fair value | 6 |
Continuous unrealized losses existing for less than 12 months, Unrealized losses | 0 |
Continuous unrealized losses existing for greater than 12 months, Fair value | 143,712 |
Continuous unrealized losses existing for greater than 12 months, Unrealized losses | -9,097 |
Total, Fair value | 143,718 |
Total, Unrealized losses | -9,097 |
Mortgage-Backed, Collateralized Mortgage Obligations [Member] | ' |
Schedule of Available-for-sale Securities [Line Items] | ' |
Continuous unrealized losses existing for less than 12 months, Fair value | 7,043 |
Continuous unrealized losses existing for less than 12 months, Unrealized losses | -130 |
Continuous unrealized losses existing for greater than 12 months, Fair value | 14,261 |
Continuous unrealized losses existing for greater than 12 months, Unrealized losses | -543 |
Total, Fair value | 21,304 |
Total, Unrealized losses | -673 |
Equity Securities [Member] | ' |
Schedule of Available-for-sale Securities [Line Items] | ' |
Continuous unrealized losses existing for less than 12 months, Fair value | 0 |
Continuous unrealized losses existing for less than 12 months, Unrealized losses | 0 |
Continuous unrealized losses existing for greater than 12 months, Fair value | 13,425 |
Continuous unrealized losses existing for greater than 12 months, Unrealized losses | -376 |
Total, Fair value | 13,425 |
Total, Unrealized losses | ($376) |
AvailableForSale_Securities_Sc1
Available-For-Sale Securities (Schedule Of Realized Gain (Loss)) (Detail) (USD $) | 3 Months Ended | 6 Months Ended | ||
In Thousands, unless otherwise specified | Jun. 30, 2014 | Jun. 30, 2013 | Jun. 30, 2014 | Jun. 30, 2013 |
Available-for-sale Securities [Abstract] | ' | ' | ' | ' |
Realized gains | $99 | $3 | $154 | $316 |
Realized losses | -435 | -1 | -523 | -63 |
Net realized gains | -336 | 2 | -369 | 253 |
Other than temporary impairment charges | 0 | 0 | 0 | 0 |
(Losses) gains on available-for-sale securities, net | -336 | 2 | -369 | 253 |
Proceeds from sales of available-for-sale securities | $169,753 | $43,403 | $196,042 | $84,459 |
AvailableForSale_Securities_In
Available-For-Sale Securities (Investments Classified by Contractual Maturity Date) (Detail) (USD $) | Jun. 30, 2014 | Dec. 31, 2013 | Jun. 30, 2013 |
In Thousands, unless otherwise specified | |||
Schedule of Available-for-sale Securities [Line Items] | ' | ' | ' |
Due in one year or less, Amortized Cost | $173,991 | $268,847 | $284,334 |
Due in one to five years, Amortized Cost | 361,300 | 358,108 | 320,175 |
Due in five to ten years, Amortized Cost | 319,641 | 350,372 | 382,837 |
Due after ten years, Amortized Cost | 650,843 | 616,840 | 528,490 |
Available-for-sale securities, amortized cost | 1,864,123 | 2,265,118 | 1,912,031 |
Due in one year or less, Fair Value | 174,220 | 269,168 | 284,734 |
Due in one to five years, Fair Value | 362,423 | 358,357 | 320,189 |
Due in five to ten years, Fair Value | 310,196 | 330,020 | 366,341 |
Due after ten years, Fair Value | 618,986 | 561,992 | 490,229 |
Available-for-sale securities, at fair value | 1,824,240 | 2,176,290 | 1,843,824 |
Asset-backed Securities [Member] | ' | ' | ' |
Schedule of Available-for-sale Securities [Line Items] | ' | ' | ' |
Available-for-sale securities, amortized cost | 307,754 | 620,419 | 343,758 |
Available-for-sale securities, at fair value | 303,563 | 605,225 | 332,767 |
Equity Securities [Member] | ' | ' | ' |
Schedule of Available-for-sale Securities [Line Items] | ' | ' | ' |
Available-for-sale securities, amortized cost | 50,594 | 50,532 | 52,437 |
Available-for-sale securities, at fair value | $54,852 | $51,528 | $49,564 |
AvailableForSale_Securities_Na
Available-For-Sale Securities (Narrative) (Detail) (USD $) | Jun. 30, 2014 | Dec. 31, 2013 | Jun. 30, 2013 |
In Billions, unless otherwise specified | securities | ||
Available-for-sale Securities [Abstract] | ' | ' | ' |
Pledged Securities, carrying value | $1.10 | $1.20 | $1.10 |
Number of securities by a single non-goverment sponsored issuer exceeding 10% of shareholders' equity | 0 | ' | ' |
Loans_Summary_Of_Loan_Portfoli
Loans (Summary Of Loan Portfolio) (Detail) (USD $) | Jun. 30, 2014 | Dec. 31, 2013 | Jun. 30, 2013 |
In Thousands, unless otherwise specified | |||
Loans [Line Items] | ' | ' | ' |
Loans, net of unearned income, excluding covered loans | $13,749,996 | $12,896,602 | $12,516,892 |
Covered loans | 275,154 | 346,431 | 454,602 |
Total loans | 14,025,150 | 13,243,033 | 12,971,494 |
Total loans, net of unearned income, excluding covered loans, percentage | 98.00% | 97.00% | 96.00% |
Covered loans, percentage | 2.00% | 3.00% | 4.00% |
Total loans, percentage | 100.00% | 100.00% | 100.00% |
Commercial Portfolio Segment [Member] | ' | ' | ' |
Loans [Line Items] | ' | ' | ' |
Loans, net of unearned income, excluding covered loans | 3,640,430 | 3,253,687 | 3,119,931 |
Total loans, net of unearned income, excluding covered loans, percentage | 26.00% | 25.00% | 24.00% |
Commercial Real Estate Portfolio Segment [Member] | ' | ' | ' |
Loans [Line Items] | ' | ' | ' |
Loans, net of unearned income, excluding covered loans | 4,353,472 | 4,230,035 | 4,094,628 |
Total loans, net of unearned income, excluding covered loans, percentage | 31.00% | 32.00% | 31.00% |
Home equity | ' | ' | ' |
Loans [Line Items] | ' | ' | ' |
Loans, net of unearned income, excluding covered loans | 713,642 | 719,137 | 758,260 |
Total loans, net of unearned income, excluding covered loans, percentage | 5.00% | 5.00% | 6.00% |
Residential Portfolio Segment [Member] | ' | ' | ' |
Loans [Line Items] | ' | ' | ' |
Loans, net of unearned income, excluding covered loans | 451,905 | 434,992 | 384,961 |
Total loans, net of unearned income, excluding covered loans, percentage | 3.00% | 3.00% | 3.00% |
Premium finance receivables | Commercial Insurance Loans [Member] | ' | ' | ' |
Loans [Line Items] | ' | ' | ' |
Loans, net of unearned income, excluding covered loans | 2,378,529 | 2,167,565 | 2,165,734 |
Total loans, net of unearned income, excluding covered loans, percentage | 17.00% | 16.00% | 16.00% |
Premium finance receivables | Premium Finance Receivables Life Insurance [Member] | ' | ' | ' |
Loans [Line Items] | ' | ' | ' |
Loans, net of unearned income, excluding covered loans | 2,051,645 | 1,923,698 | 1,821,147 |
Total loans, net of unearned income, excluding covered loans, percentage | 15.00% | 15.00% | 14.00% |
Consumer and other | ' | ' | ' |
Loans [Line Items] | ' | ' | ' |
Loans, net of unearned income, excluding covered loans | $160,373 | $167,488 | $172,231 |
Total loans, net of unearned income, excluding covered loans, percentage | 1.00% | 1.00% | 2.00% |
Loans_Unpaid_Principal_Balance
Loans (Unpaid Principal Balance And Carrying Value Of Acquired Loans) (Detail) (USD $) | Jun. 30, 2014 | Dec. 31, 2013 |
In Thousands, unless otherwise specified | ||
Bank acquisitions | ' | ' |
Certain Loans Acquired in Transfer Not Accounted for as Debt Securities Acquired During Period [Line Items] | ' | ' |
Unpaid Principal Balance | $349,565 | $453,944 |
Carrying Value | 265,522 | 338,517 |
Life insurance premium finance acquisition | ' | ' |
Certain Loans Acquired in Transfer Not Accounted for as Debt Securities Acquired During Period [Line Items] | ' | ' |
Unpaid Principal Balance | 419,805 | 437,155 |
Carrying Value | $409,760 | $423,906 |
Loans_Activity_Related_To_Accr
Loans (Activity Related To Accretable Yield Of Loans Acquired With Evidence Of Credit Quality Deterioration Since Origination) (Detail) (USD $) | 3 Months Ended | 6 Months Ended | ||||||
Jun. 30, 2014 | Jun. 30, 2013 | Jun. 30, 2014 | Jun. 30, 2013 | |||||
Bank Acquisitions [Member] | ' | ' | ' | ' | ||||
Certain Loans Acquired in Transfer Not Accounted for as Debt Securities, Accretable Yield Movement Schedule [Roll Forward] | ' | ' | ' | ' | ||||
Accretable yield, beginning balance | $97,674,000 | $121,725,000 | $107,655,000 | $143,224,000 | ||||
Acquisitions | 0 | 2,055,000 | 0 | 1,977,000 | ||||
Accretable yield amortized to interest income | -9,617,000 | -9,347,000 | -17,387,000 | -18,924,000 | ||||
Accretable yield amortized to indemnification asset | -11,161,000 | [1] | -11,906,000 | [1] | -16,809,000 | [1] | -20,612,000 | [1] |
Reclassification from non-accretable difference | 17,928,000 | [2] | 30,792,000 | [2] | 26,508,000 | [2] | 36,204,000 | [2] |
(Decreases) increases in interest cash flows due to payments and changes in interest rates | -2,722,000 | -2,463,000 | -7,865,000 | -11,013,000 | ||||
Accretable yield, ending balance | 92,102,000 | [3] | 130,856,000 | [3] | 92,102,000 | [3] | 130,856,000 | [3] |
Certain Loans Acquired In Transfer Not Accounted fo as Debt Securities, Accretable Yield, To Be Amortized To Indem Asset | 30,000,000 | ' | 30,000,000 | ' | ||||
Life Insurance Premium Finance Loans [Member] | ' | ' | ' | ' | ||||
Certain Loans Acquired in Transfer Not Accounted for as Debt Securities, Accretable Yield Movement Schedule [Roll Forward] | ' | ' | ' | ' | ||||
Accretable yield, beginning balance | 6,561,000 | 11,218,000 | 8,254,000 | 13,055,000 | ||||
Acquisitions | 0 | 0 | 0 | 0 | ||||
Accretable yield amortized to interest income | -1,433,000 | -2,254,000 | -3,204,000 | -4,273,000 | ||||
Accretable yield amortized to indemnification asset | 0 | [1] | 0 | [1] | 0 | [1] | 0 | [1] |
Reclassification from non-accretable difference | 0 | [2] | 1,007,000 | [2] | 0 | [2] | 1,007,000 | [2] |
(Decreases) increases in interest cash flows due to payments and changes in interest rates | 51,000 | 316,000 | 129,000 | 498,000 | ||||
Accretable yield, ending balance | $5,179,000 | [3] | $10,287,000 | [3] | $5,179,000 | [3] | $10,287,000 | [3] |
[1] | Represents the portion of the current period accreted yield, resulting from lower expected losses, applied to reduce the loss share indemnification asset. | |||||||
[2] | Reclassification is the result of subsequent increases in expected principal cash flows. | |||||||
[3] | As of June 30, 2014, the Company estimates that the remaining accretable yield balance to be amortized to the indemnification asset for the bank acquisitions is $30.0 million. The remainder of the accretable yield related to bank acquisitions is expected to be amortized to interest income. |
Loans_Narrative_Detail
Loans (Narrative) (Detail) (USD $) | Jun. 30, 2014 | Dec. 31, 2013 | Jun. 30, 2013 | Jun. 30, 2014 | Jun. 30, 2013 | Jun. 30, 2014 | Jun. 30, 2013 | Jun. 30, 2014 | Dec. 31, 2013 | Jun. 30, 2013 |
Bank Acquisitions [Member] | Bank Acquisitions [Member] | Bank Acquisitions [Member] | Bank Acquisitions [Member] | Premium finance receivables | Premium finance receivables | Premium finance receivables | ||||
Schedule Of Accretable Yield Activity Related to Loans Acquired With Evidence Of Credit Quality Deterioration Since Origination Table [Line Items] | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Loans and Leases Receivable, Deferred Income | ' | ' | ' | ' | ' | ' | ' | $44,800,000 | $41,900,000 | $41,500,000 |
Deferred Discounts, Finance Charges and Interest Included in Receivables | -1,300,000 | -9,200,000 | -3,600,000 | ' | ' | ' | ' | ' | ' | ' |
Certain Loans Acquired in Transfer Not Accounted for as Debt Securities, Accretable Yield, Accretion | ' | ' | ' | $9,617,000 | $9,347,000 | $17,387,000 | $18,924,000 | ' | ' | ' |
Allowance_for_Loan_Losses_Allo2
Allowance for Loan Losses, Allowance for Losses on Lending-Related Commitments and Impaired Loans Allowance for Loan Losses, Allowance for Losses on Lending-Related Commitments and Impaired Loans (Schedule Of Aging) (Detail) (USD $) | Jun. 30, 2014 | Dec. 31, 2013 | Jun. 30, 2013 | |||
In Thousands, unless otherwise specified | ||||||
Financing Receivable, Recorded Investment, Past Due [Line Items] | ' | ' | ' | |||
Nonaccrual | $84,034 | $103,582 | $113,979 | |||
90+ days and still accruing | 63,914 | 86,484 | 115,172 | |||
60-89 days past due | 34,580 | 39,698 | 53,401 | |||
30-59 days past due | 87,278 | 84,566 | 77,581 | |||
Current | 13,755,344 | 12,928,703 | 12,611,361 | |||
Loans, net of unearned income, excluding covered loans | 13,749,996 | 12,896,602 | 12,516,892 | |||
Nonaccrual | 77,344 | 94,157 | 109,997 | |||
90+ days and still accruing | 29,428 | 30,202 | 18,172 | |||
60-89 days past due | 30,577 | 33,821 | 42,833 | |||
30-59 days past due | 85,796 | 76,629 | 72,729 | |||
Current | 13,526,851 | 12,661,793 | 12,273,161 | |||
Covered loans, Nonaccrual | 6,690 | 9,425 | 3,982 | |||
Covered loans, 90 plus days and still accruing | 34,486 | 56,282 | 97,000 | |||
Covered loans, 60-89 days past due | 4,003 | 5,877 | 10,568 | |||
Covered loans, 30-59 days past due | 1,482 | 7,937 | 4,852 | |||
Covered loans, Current | 228,493 | 266,910 | 338,200 | |||
Covered loans | 275,154 | 346,431 | 454,602 | |||
Total loans | 14,025,150 | 13,243,033 | 12,971,494 | |||
Commercial Portfolio Segment [Member] | ' | ' | ' | |||
Financing Receivable, Recorded Investment, Past Due [Line Items] | ' | ' | ' | |||
Nonaccrual | 6,511 | 10,780 | 17,248 | |||
90+ days and still accruing | 1,452 | 274 | 290 | |||
60-89 days past due | 4,165 | 5,882 | 5,245 | |||
30-59 days past due | 30,146 | 11,755 | 19,142 | |||
Current | 3,598,156 | 3,224,996 | 3,078,006 | |||
Loans, net of unearned income, excluding covered loans | 3,640,430 | 3,253,687 | 3,119,931 | |||
Commercial Real Estate Portfolio Segment [Member] | ' | ' | ' | |||
Financing Receivable, Recorded Investment, Past Due [Line Items] | ' | ' | ' | |||
Nonaccrual | 36,321 | 46,658 | 54,825 | |||
90+ days and still accruing | 15,991 | 18,812 | 9,729 | |||
60-89 days past due | 9,629 | 15,394 | 18,561 | |||
30-59 days past due | 30,293 | 29,870 | 33,700 | |||
Current | 4,261,238 | 4,119,301 | 3,977,813 | |||
Loans, net of unearned income, excluding covered loans | 4,353,472 | 4,230,035 | 4,094,628 | |||
Home equity | ' | ' | ' | |||
Financing Receivable, Recorded Investment, Past Due [Line Items] | ' | ' | ' | |||
Nonaccrual | 5,804 | 10,071 | 12,322 | |||
90+ days and still accruing | 0 | 0 | 25 | |||
60-89 days past due | 1,392 | 1,344 | 2,085 | |||
30-59 days past due | 3,324 | 3,060 | 5,821 | |||
Current | 703,122 | 704,662 | 738,007 | |||
Loans, net of unearned income, excluding covered loans | 713,642 | 719,137 | 758,260 | |||
Residential Portfolio Segment [Member] | ' | ' | ' | |||
Financing Receivable, Recorded Investment, Past Due [Line Items] | ' | ' | ' | |||
Loans, net of unearned income, excluding covered loans | 451,905 | 434,992 | 384,961 | |||
Consumer and other | ' | ' | ' | |||
Financing Receivable, Recorded Investment, Past Due [Line Items] | ' | ' | ' | |||
Loans, net of unearned income, excluding covered loans | 160,373 | 167,488 | 172,231 | |||
Commercial and industrial | Commercial Portfolio Segment [Member] | ' | ' | ' | |||
Financing Receivable, Recorded Investment, Past Due [Line Items] | ' | ' | ' | |||
Nonaccrual | 6,216 | 10,143 | 15,432 | |||
90+ days and still accruing | 0 | 0 | 0 | |||
60-89 days past due | 4,165 | 4,938 | 2,940 | |||
30-59 days past due | 21,610 | 7,404 | 12,111 | |||
Current | 1,980,489 | 1,813,721 | 1,665,753 | |||
Loans, net of unearned income, excluding covered loans | 2,012,480 | 1,836,206 | 1,696,236 | |||
Franchise [Member] | Commercial Portfolio Segment [Member] | ' | ' | ' | |||
Financing Receivable, Recorded Investment, Past Due [Line Items] | ' | ' | ' | |||
Nonaccrual | 0 | 0 | 0 | |||
90+ days and still accruing | 0 | 0 | 0 | |||
60-89 days past due | 0 | 400 | 0 | |||
30-59 days past due | 549 | 0 | 450 | |||
Current | 222,907 | 219,983 | 201,790 | |||
Loans, net of unearned income, excluding covered loans | 223,456 | 220,383 | 202,240 | |||
Mortgage Warehouse Line of Credit [Member] | Commercial Portfolio Segment [Member] | ' | ' | ' | |||
Financing Receivable, Recorded Investment, Past Due [Line Items] | ' | ' | ' | |||
Nonaccrual | 0 | 0 | 0 | |||
90+ days and still accruing | 0 | 0 | 0 | |||
60-89 days past due | 0 | 0 | 0 | |||
30-59 days past due | 1,680 | 0 | 0 | |||
Current | 146,531 | 67,470 | 174,422 | |||
Loans, net of unearned income, excluding covered loans | 148,211 | 67,470 | 174,422 | |||
Community Advanatage Homeowners Association [Member] | Commercial Portfolio Segment [Member] | ' | ' | ' | |||
Financing Receivable, Recorded Investment, Past Due [Line Items] | ' | ' | ' | |||
Nonaccrual | 0 | 0 | 0 | |||
90+ days and still accruing | 0 | 0 | 0 | |||
60-89 days past due | 0 | 0 | 0 | |||
30-59 days past due | 0 | 0 | 0 | |||
Current | 94,009 | 90,894 | 83,003 | |||
Loans, net of unearned income, excluding covered loans | 94,009 | 90,894 | 83,003 | |||
Aircraft Loan [Member] | Commercial Portfolio Segment [Member] | ' | ' | ' | |||
Financing Receivable, Recorded Investment, Past Due [Line Items] | ' | ' | ' | |||
Nonaccrual | 0 | 0 | 0 | |||
90+ days and still accruing | 0 | 0 | 0 | |||
60-89 days past due | 0 | 0 | 0 | |||
30-59 days past due | 0 | 0 | 0 | |||
Current | 7,847 | 10,241 | 13,174 | |||
Loans, net of unearned income, excluding covered loans | 7,847 | 10,241 | 13,174 | |||
Asset Based Lending [Member] | Commercial Portfolio Segment [Member] | ' | ' | ' | |||
Financing Receivable, Recorded Investment, Past Due [Line Items] | ' | ' | ' | |||
Nonaccrual | 295 | 637 | 1,816 | |||
90+ days and still accruing | 0 | 0 | 100 | |||
60-89 days past due | 0 | 388 | 2,305 | |||
30-59 days past due | 6,047 | 1,878 | 4,949 | |||
Current | 772,002 | 732,190 | 676,531 | |||
Loans, net of unearned income, excluding covered loans | 778,344 | 735,093 | 685,701 | |||
Tax Exempt [Member] | Commercial Portfolio Segment [Member] | ' | ' | ' | |||
Financing Receivable, Recorded Investment, Past Due [Line Items] | ' | ' | ' | |||
Nonaccrual | 0 | 0 | 0 | |||
90+ days and still accruing | 0 | 0 | 0 | |||
60-89 days past due | 0 | 0 | 0 | |||
30-59 days past due | 0 | 0 | 0 | |||
Current | 208,913 | 161,239 | 151,492 | |||
Loans, net of unearned income, excluding covered loans | 208,913 | 161,239 | 151,492 | |||
Leases [Member] | Commercial Portfolio Segment [Member] | ' | ' | ' | |||
Financing Receivable, Recorded Investment, Past Due [Line Items] | ' | ' | ' | |||
Nonaccrual | 0 | 0 | 0 | |||
90+ days and still accruing | 0 | 0 | 0 | |||
60-89 days past due | 0 | 0 | 0 | |||
30-59 days past due | 36 | 788 | 0 | |||
Current | 144,399 | 109,043 | 102,409 | |||
Loans, net of unearned income, excluding covered loans | 144,435 | 109,831 | 102,409 | |||
Other Receivables [Member] | Commercial Portfolio Segment [Member] | ' | ' | ' | |||
Financing Receivable, Recorded Investment, Past Due [Line Items] | ' | ' | ' | |||
Nonaccrual | 0 | 0 | 0 | |||
90+ days and still accruing | 0 | 0 | 0 | |||
60-89 days past due | 0 | 0 | 0 | |||
30-59 days past due | 0 | 0 | 0 | |||
Current | 9,792 | 11,147 | 98 | |||
Loans, net of unearned income, excluding covered loans | 9,792 | 11,147 | 98 | |||
Purchased Non Covered Commercial [Member] | Commercial Portfolio Segment [Member] | ' | ' | ' | |||
Financing Receivable, Recorded Investment, Past Due [Line Items] | ' | ' | ' | |||
Nonaccrual | 0 | [1] | 0 | [1] | 0 | [1] |
90+ days and still accruing | 1,452 | [1] | 274 | [1] | 190 | [1] |
60-89 days past due | 0 | [1] | 156 | [1] | 0 | [1] |
30-59 days past due | 224 | [1] | 1,685 | [1] | 1,632 | [1] |
Current | 11,267 | [1] | 9,068 | [1] | 9,334 | [1] |
Loans, net of unearned income, excluding covered loans | 12,943 | [1],[2] | 11,183 | [1],[2] | 11,156 | [1],[2] |
Residential Construction [Member] | Commercial Real Estate Portfolio Segment [Member] | ' | ' | ' | |||
Financing Receivable, Recorded Investment, Past Due [Line Items] | ' | ' | ' | |||
Nonaccrual | 0 | 149 | 2,659 | |||
90+ days and still accruing | 0 | 0 | 3,263 | |||
60-89 days past due | 0 | 0 | 379 | |||
30-59 days past due | 18 | 0 | 0 | |||
Current | 29,941 | 38,351 | 32,998 | |||
Loans, net of unearned income, excluding covered loans | 29,959 | 38,500 | 39,299 | |||
Commercial Real Estate Construction Financing Receivable [Member] | Commercial Real Estate Portfolio Segment [Member] | ' | ' | ' | |||
Financing Receivable, Recorded Investment, Past Due [Line Items] | ' | ' | ' | |||
Nonaccrual | 839 | 6,969 | 7,857 | |||
90+ days and still accruing | 0 | 0 | 0 | |||
60-89 days past due | 0 | 0 | 1,271 | |||
30-59 days past due | 0 | 505 | 70 | |||
Current | 154,220 | 129,232 | 128,845 | |||
Loans, net of unearned income, excluding covered loans | 155,059 | 136,706 | 138,043 | |||
Land Loans [Member] | Commercial Real Estate Portfolio Segment [Member] | ' | ' | ' | |||
Financing Receivable, Recorded Investment, Past Due [Line Items] | ' | ' | ' | |||
Nonaccrual | 2,367 | 2,814 | 5,742 | |||
90+ days and still accruing | 0 | 0 | 0 | |||
60-89 days past due | 614 | 4,224 | 330 | |||
30-59 days past due | 4,502 | 619 | 4,141 | |||
Current | 98,444 | 99,128 | 106,640 | |||
Loans, net of unearned income, excluding covered loans | 105,927 | 106,785 | 116,853 | |||
Office Building Loans [Member] | Commercial Real Estate Portfolio Segment [Member] | ' | ' | ' | |||
Financing Receivable, Recorded Investment, Past Due [Line Items] | ' | ' | ' | |||
Nonaccrual | 10,950 | 10,087 | 6,324 | |||
90+ days and still accruing | 0 | 0 | 0 | |||
60-89 days past due | 999 | 2,265 | 4,210 | |||
30-59 days past due | 3,911 | 3,862 | 2,720 | |||
Current | 652,057 | 626,027 | 584,503 | |||
Loans, net of unearned income, excluding covered loans | 667,917 | 642,241 | 597,757 | |||
Industrial Loans [Member] | Commercial Real Estate Portfolio Segment [Member] | ' | ' | ' | |||
Financing Receivable, Recorded Investment, Past Due [Line Items] | ' | ' | ' | |||
Nonaccrual | 5,097 | 5,654 | 5,773 | |||
90+ days and still accruing | 0 | 0 | 0 | |||
60-89 days past due | 899 | 585 | 4,597 | |||
30-59 days past due | 690 | 914 | 4,984 | |||
Current | 610,954 | 626,785 | 600,147 | |||
Loans, net of unearned income, excluding covered loans | 617,640 | 633,938 | 615,501 | |||
Retail Loan [Member] | Commercial Real Estate Portfolio Segment [Member] | ' | ' | ' | |||
Financing Receivable, Recorded Investment, Past Due [Line Items] | ' | ' | ' | |||
Nonaccrual | 6,909 | 10,862 | 7,471 | |||
90+ days and still accruing | 0 | 0 | 0 | |||
60-89 days past due | 1,334 | 837 | 1,760 | |||
30-59 days past due | 2,560 | 2,435 | 2,031 | |||
Current | 686,292 | 642,125 | 596,129 | |||
Loans, net of unearned income, excluding covered loans | 697,095 | 656,259 | 607,391 | |||
Multi Family [Member] | Commercial Real Estate Portfolio Segment [Member] | ' | ' | ' | |||
Financing Receivable, Recorded Investment, Past Due [Line Items] | ' | ' | ' | |||
Nonaccrual | 689 | 2,035 | 3,337 | |||
90+ days and still accruing | 0 | 0 | 0 | |||
60-89 days past due | 244 | 0 | 401 | |||
30-59 days past due | 4,717 | 348 | 3,149 | |||
Current | 630,519 | 564,154 | 526,681 | |||
Loans, net of unearned income, excluding covered loans | 636,169 | 566,537 | 533,568 | |||
Mixed Use And Other [Member] | Commercial Real Estate Portfolio Segment [Member] | ' | ' | ' | |||
Financing Receivable, Recorded Investment, Past Due [Line Items] | ' | ' | ' | |||
Nonaccrual | 9,470 | 8,088 | 15,662 | |||
90+ days and still accruing | 309 | 230 | 0 | |||
60-89 days past due | 5,384 | 3,943 | 2,183 | |||
30-59 days past due | 12,300 | 15,949 | 10,379 | |||
Current | 1,350,976 | 1,344,244 | 1,350,581 | |||
Loans, net of unearned income, excluding covered loans | 1,378,439 | 1,372,454 | 1,378,805 | |||
Purchased Non Covered Commercial Real Estate [Member] | Commercial Real Estate Portfolio Segment [Member] | ' | ' | ' | |||
Financing Receivable, Recorded Investment, Past Due [Line Items] | ' | ' | ' | |||
Nonaccrual | 0 | [1] | 0 | [1] | 0 | [1] |
90+ days and still accruing | 15,682 | [1] | 18,582 | [1] | 6,466 | [1] |
60-89 days past due | 155 | [1] | 3,540 | [1] | 3,430 | [1] |
30-59 days past due | 1,595 | [1] | 5,238 | [1] | 6,226 | [1] |
Current | 47,835 | [1] | 49,255 | [1] | 51,289 | [1] |
Loans, net of unearned income, excluding covered loans | 65,267 | [1],[2] | 76,615 | [1],[2] | 67,411 | [1],[2] |
Residential Real Estate Loan [Member] | Residential Portfolio Segment [Member] | ' | ' | ' | |||
Financing Receivable, Recorded Investment, Past Due [Line Items] | ' | ' | ' | |||
Nonaccrual | 15,294 | 14,974 | 10,213 | |||
90+ days and still accruing | 0 | 0 | 0 | |||
60-89 days past due | 1,487 | 1,689 | 1,896 | |||
30-59 days past due | 1,978 | 5,032 | 1,836 | |||
Current | 430,364 | 410,430 | 368,696 | |||
Loans, net of unearned income, excluding covered loans | 449,123 | 432,125 | 382,641 | |||
Purchased Non Covered Residential Real Estate [Member] | Residential Portfolio Segment [Member] | ' | ' | ' | |||
Financing Receivable, Recorded Investment, Past Due [Line Items] | ' | ' | ' | |||
Nonaccrual | 0 | [1] | 0 | [1] | 0 | [1] |
90+ days and still accruing | 988 | [1] | 1,988 | [1] | 0 | [1] |
60-89 days past due | 111 | [1] | 0 | [1] | 46 | [1] |
30-59 days past due | 0 | [1] | 0 | [1] | 260 | [1] |
Current | 1,683 | [1] | 879 | [1] | 2,014 | [1] |
Loans, net of unearned income, excluding covered loans | 2,782 | [1],[2] | 2,867 | [1],[2] | 2,320 | [1],[2] |
Commercial Insurance Loans [Member] | Premium finance receivables | ' | ' | ' | |||
Financing Receivable, Recorded Investment, Past Due [Line Items] | ' | ' | ' | |||
Nonaccrual | 12,298 | 10,537 | 13,605 | |||
90+ days and still accruing | 10,275 | 8,842 | 6,671 | |||
60-89 days past due | 12,335 | 6,912 | 6,592 | |||
30-59 days past due | 14,672 | 24,094 | 11,386 | |||
Current | 2,328,949 | 2,117,180 | 2,127,480 | |||
Loans, net of unearned income, excluding covered loans | 2,378,529 | 2,167,565 | 2,165,734 | |||
Life Insurance Loans [Member] | Premium finance receivables | ' | ' | ' | |||
Financing Receivable, Recorded Investment, Past Due [Line Items] | ' | ' | ' | |||
Nonaccrual | 0 | 0 | 16 | |||
90+ days and still accruing | 649 | 0 | 1,212 | |||
60-89 days past due | 896 | 2,524 | 7,896 | |||
30-59 days past due | 4,783 | 1,808 | 0 | |||
Current | 1,635,557 | 1,495,460 | 1,337,573 | |||
Loans, net of unearned income, excluding covered loans | 1,641,885 | 1,499,792 | 1,346,697 | |||
Purchased Life Insurance Loans [Member] | Premium finance receivables | ' | ' | ' | |||
Financing Receivable, Recorded Investment, Past Due [Line Items] | ' | ' | ' | |||
Nonaccrual | 0 | [1] | 0 | [1] | 0 | [1] |
90+ days and still accruing | 0 | [1] | 0 | [1] | 0 | [1] |
60-89 days past due | 0 | [1] | 0 | [1] | 0 | [1] |
30-59 days past due | 0 | [1] | 0 | [1] | 0 | [1] |
Current | 409,760 | [1] | 423,906 | [1] | 474,450 | [1] |
Loans, net of unearned income, excluding covered loans | 409,760 | [1],[2] | 423,906 | [1],[2] | 474,450 | [1],[2] |
Consumer and other | Consumer and other | ' | ' | ' | |||
Financing Receivable, Recorded Investment, Past Due [Line Items] | ' | ' | ' | |||
Nonaccrual | 1,116 | 1,137 | 1,768 | |||
90+ days and still accruing | 73 | 105 | 217 | |||
60-89 days past due | 558 | 76 | 512 | |||
30-59 days past due | 600 | 1,010 | 584 | |||
Current | 157,828 | 163,956 | 168,812 | |||
Loans, net of unearned income, excluding covered loans | 160,175 | 166,284 | 171,893 | |||
Purchased Non Covered Consumer And Other [Member] | Consumer and other | ' | ' | ' | |||
Financing Receivable, Recorded Investment, Past Due [Line Items] | ' | ' | ' | |||
Nonaccrual | 0 | [1] | 0 | [1] | 0 | [1] |
90+ days and still accruing | 0 | [1] | 181 | [1] | 28 | [1] |
60-89 days past due | 4 | [1] | 0 | [1] | 0 | [1] |
30-59 days past due | 0 | [1] | 0 | [1] | 0 | [1] |
Current | 194 | [1] | 1,023 | [1] | 310 | [1] |
Loans, net of unearned income, excluding covered loans | $198 | [1],[2] | $1,204 | [1],[2] | $338 | [1],[2] |
[1] | PCI loans represent loans acquired with evidence of credit quality deterioration since origination, in accordance with ASC 310-30. Loan agings are based upon contractually required payments. | |||||
[2] | PCI loans represent loans acquired with evidence of credit quality deterioration since origination, in accordance with ASC 310-30. Loan agings are based upon contractually required payments.As of June 30, 2013 90+ days and still accruingB 60-89 days past dueB 30-59 days past due (Dollars in thousands)Nonaccrual CurrentB Total LoansLoan Balances: Commercial Commercial and industrial$15,432B $bB $2,940B $12,111B $1,665,753B $1,696,236FranchisebB bB bB 450B 201,790B 202,240Mortgage warehouse lines of creditbB bB bB bB 174,422B 174,422Community Advantagebhomeowners associationbB bB bB bB 83,003B 83,003AircraftbB bB bB bB 13,174B 13,174Asset-based lending1,816B 100B 2,305B 4,949B 676,531B 685,701Tax exempt bB bB bB bB 151,492B 151,492LeasesbB bB bB bB 102,409B 102,409OtherbB bB bB bB 98B 98PCI - commercial (1)bB 190B bB 1,632B 9,334B 11,156Total commercial17,248B 290B 5,245B 19,142B 3,078,006B 3,119,931Commercial real-estate: Residential construction2,659B 3,263B 379B bB 32,998B 39,299Commercial construction7,857B bB 1,271B 70B 128,845B 138,043Land5,742B bB 330B 4,141B 106,640B 116,853Office6,324B bB 4,210B 2,720B 584,503B 597,757Industrial5,773B bB 4,597B 4,984B 600,147B 615,501Retail7,471B bB 1,760B 2,031B 596,129B 607,391Multi-family3,337B bB 401B 3,149B 526,681B 533,568Mixed use and other15,662B bB 2,183B 10,379B 1,350,581B 1,378,805PCI - commercial real-estate (1)bB 6,466B 3,430B 6,226B 51,289B 67,411Total commercial real-estate54,825B 9,729B 18,561B 33,700B 3,977,813B 4,094,628Home equity12,322B 25B 2,085B 5,821B 738,007B 758,260Residential real estate10,213B bB 1,896B 1,836B 368,696B 382,641PCI - residential real estate (1)bB bB 46B 260B 2,014B 2,320Premium finance receivables Commercial insurance loans13,605B 6,671B 6,592B 11,386B 2,127,480B 2,165,734Life insurance loans16B 1,212B 7,896B bB 1,337,573B 1,346,697PCI - life insurance loans (1)bB bB bB bB 474,450B 474,450Consumer and other1,768B 217B 512B 584B 168,812B 171,893PCI - consumer and other (1)bB 28B bB bB 310B 338Total loans, net of unearned income, excluding covered loans$109,997B $18,172B $42,833B $72,729B $12,273,161B $12,516,892Covered loans3,982B 97,000B 10,568B 4,852B 338,200B 454,602Total loans, net of unearned income$113,979B $115,172B $53,401B $77,581B $12,611,361B $12,971,494(1)PCI loans represent loans acquired with evidence of credit quality deterioration since origination, in accordance with ASC 310-30. Loan agings are based upon contractually required payments.Our ability to manage credit risk depends in large part on our ability to properly identify and manage problem loans. To do so, we operate a credit risk rating system under which our credit management personnel assign a credit risk rating (1 to 10 rating) to each loan at the time of origination and review loans on a regular basis.Each loan officer is responsible for monitoring his or her loan portfolio, recommending a credit risk rating for each loan in his or her portfolio and ensuring the credit risk ratings are appropriate. These credit risk ratings are then ratified by the bankbs chief credit officer and/or concurrence credit officer. Credit risk ratings are determined by evaluating a number of factors including: a borrowerbs financial strength, cash flow coverage, collateral protection and guarantees.The Companybs Problem Loan Reporting system automatically includes all loans with credit risk ratings of 6 through 9. This system is designed to provide an on-going detailed tracking mechanism for each problem loan. Once management determines that a loan has deteriorated to a point where it has a credit risk rating of 6 or worse, the Companybs Managed Asset Division performs an overall credit and collateral review. As part of this review, all underlying collateral is identified and the valuation methodology is analyzed and tracked. As a result of this initial review by the Companybs Managed Asset Division, the credit risk rating is reviewed and a portion of the outstanding loan balance may be deemed uncollectible or an impairment reserve may be established. The Companybs impairment analysis utilizes an independent re-appraisal of the collateral (unless such a third-party evaluation is not possible due to the unique nature of the collateral, such as a closely-held business or thinly traded securities). In the case of commercial real-estate collateral, an independent third party appraisal is ordered by the Companybs Real Estate Services Group to determine if there has been any change in the underlying collateral value. These independent appraisals are reviewed by the Real Estate Services Group and sometimes by independent third party valuation experts and may be adjusted depending upon market conditions.Through the credit risk rating process, loans are reviewed to determine if they are performing in accordance with the original contractual terms. If the borrower has failed to comply with the original contractual terms, further action may be required by the Company, including a downgrade in the credit risk rating, movement to non-accrual status, a charge-off or the establishment of a specific impairment reserve. If we determine that a loan amount, or portion thereof, is uncollectible, the loanbs credit risk rating is immediately downgraded to an 8 or 9 and the uncollectible amount is charged-off. Any loan that has a partial charge-off continues to be assigned a credit risk rating of an 8 or 9 for the duration of time that a balance remains outstanding. The Company undertakes a thorough and ongoing analysis to determine if additional impairment and/or charge-offs are appropriate and to begin a workout plan for the credit to minimize actual losses.If, based on current information and events, it is probable that the Company will be unable to collect all amounts due to it according to the contractual terms of the loan agreement, a specific impairment reserve is established. In determining the appropriate charge-off for collateral-dependent loans, the Company considers the results of appraisals for the associated collateral.Non-performing loans include all non-accrual loans (8 and 9 risk ratings) as well as loans 90 days past due and still accruing interest, excluding PCI loans. The remainder of the portfolio is considered performing under the contractual terms of the loan agreement. The following table presents the recorded investment based on performance of loans by class, excluding covered loans, per the most recent analysis at JuneB 30, 2014,B DecemberB 31, 2013 and JuneB 30, 2013: PerformingB Non-performingB Total(DollarsB inB thousands)June 30, 2014B December 31, 2013B June 30, 2013B June 30, 2014B December 31, 2013B June 30, 2013B June 30, 2014B December 31, 2013B June 30, 2013Loan Balances: Commercial Commercial and industrial$2,006,264B $1,826,063B $1,680,804B $6,216B $10,143B $15,432B $2,012,480B $1,836,206B $1,696,236Franchise223,456B 220,383B 202,240B bB bB bB 223,456B 220,383B 202,240Mortgage warehouse lines of credit148,211B 67,470B 174,422B bB bB bB 148,211B 67,470B 174,422Community Advantagebhomeowners association94,009B 90,894B 83,003B bB bB bB 94,009B 90,894B 83,003Aircraft7,847B 10,241B 13,174B bB bB bB 7,847B 10,241B 13,174Asset-based lending778,049B 734,456B 683,785B 295B 637B 1,916B 778,344B 735,093B 685,701Tax exempt208,913B 161,239B 151,492B bB bB bB 208,913B 161,239B 151,492Leases144,435B 109,831B 102,409B bB bB bB 144,435B 109,831B 102,409Other9,792B 11,147B 98B bB bB bB 9,792B 11,147B 98PCI - commercial (1)12,943B 11,183B 11,156B bB bB bB 12,943B 11,183B 11,156Total commercial3,633,919B 3,242,907B 3,102,583B 6,511B 10,780B 17,348B 3,640,430B 3,253,687B 3,119,931Commercial real-estate Residential construction29,959B 38,351B 33,377B bB 149B 5,922B 29,959B 38,500B 39,299Commercial construction154,220B 129,737B 130,186B 839B 6,969B 7,857B 155,059B 136,706B 138,043Land103,560B 103,971B 111,111B 2,367B 2,814B 5,742B 105,927B 106,785B 116,853Office656,967B 632,154B 591,433B 10,950B 10,087B 6,324B 667,917B 642,241B 597,757Industrial612,543B 628,284B 609,728B 5,097B 5,654B 5,773B 617,640B 633,938B 615,501Retail690,186B 645,397B 599,920B 6,909B 10,862B 7,471B 697,095B 656,259B 607,391Multi-family635,480B 564,502B 530,231B 689B 2,035B 3,337B 636,169B 566,537B 533,568Mixed use and other1,368,660B 1,364,136B 1,363,143B 9,779B 8,318B 15,662B 1,378,439B 1,372,454B 1,378,805PCI - commercial real-estate(1)65,267B 76,615B 67,411B bB bB bB 65,267B 76,615B 67,411Total commercial real-estate4,316,842B 4,183,147B 4,036,540B 36,630B 46,888B 58,088B 4,353,472B 4,230,035B 4,094,628Home equity707,838B 709,066B 745,913B 5,804B 10,071B 12,347B 713,642B 719,137B 758,260Residential real-estate433,829B 417,151B 372,428B 15,294B 14,974B 10,213B 449,123B 432,125B 382,641PCI - residential real-estate (1)2,782B 2,867B 2,320B bB bB bB 2,782B 2,867B 2,320Premium finance receivables Commercial insurance loans2,355,956B 2,148,186B 2,145,458B 22,573B 19,379B 20,276B 2,378,529B 2,167,565B 2,165,734Life insurance loans1,641,236B 1,499,792B 1,345,469B 649B bB 1,228B 1,641,885B 1,499,792B 1,346,697PCI - life insurance loans (1)409,760B 423,906B 474,450B bB bB bB 409,760B 423,906B 474,450Consumer and other158,986B 165,042B 169,908B 1,189B 1,242B 1,985B 160,175B 166,284B 171,893PCI - consumer and other(1)198B 1,204B 338B bB bB bB 198B 1,204B 338Total loans, net of unearned income, excluding covered loans$13,661,346B $12,793,268B $12,395,407B $88,650B $103,334B $121,485B $13,749,996B $12,896,602B $12,516,892(1)PCI loans represent loans acquired with evidence of credit quality deterioration since origination, in accordance with ASC 310-30. See Note 6 - Loans for further discussion of these purchased loans. |
Allowance_for_Loan_Losses_Allo3
Allowance for Loan Losses, Allowance for Losses on Lending-Related Commitments and Impaired Loans Allowance for Loan Losses, Allowance for Losses on Lending-Related Commitments and Impaired Loans (Summary Of Performing NonPerforming) (Detail) (USD $) | Jun. 30, 2014 | Dec. 31, 2013 | Jun. 30, 2013 | |||
In Thousands, unless otherwise specified | ||||||
Financing Receivable, Recorded Investment [Line Items] | ' | ' | ' | |||
Loans, net of unearned income, excluding covered loans | $13,749,996 | $12,896,602 | $12,516,892 | |||
Performing Financing Receivable [Member] | ' | ' | ' | |||
Financing Receivable, Recorded Investment [Line Items] | ' | ' | ' | |||
Loans, net of unearned income, excluding covered loans | 13,661,346 | 12,793,268 | 12,395,407 | |||
Nonperforming Financing Receivable [Member] | ' | ' | ' | |||
Financing Receivable, Recorded Investment [Line Items] | ' | ' | ' | |||
Loans, net of unearned income, excluding covered loans | 88,650 | 103,334 | 121,485 | |||
Commercial Portfolio Segment [Member] | ' | ' | ' | |||
Financing Receivable, Recorded Investment [Line Items] | ' | ' | ' | |||
Loans, net of unearned income, excluding covered loans | 3,640,430 | 3,253,687 | 3,119,931 | |||
Commercial Portfolio Segment [Member] | Performing Financing Receivable [Member] | ' | ' | ' | |||
Financing Receivable, Recorded Investment [Line Items] | ' | ' | ' | |||
Loans, net of unearned income, excluding covered loans | 3,633,919 | 3,242,907 | 3,102,583 | |||
Commercial Portfolio Segment [Member] | Nonperforming Financing Receivable [Member] | ' | ' | ' | |||
Financing Receivable, Recorded Investment [Line Items] | ' | ' | ' | |||
Loans, net of unearned income, excluding covered loans | 6,511 | 10,780 | 17,348 | |||
Commercial Real Estate Portfolio Segment [Member] | ' | ' | ' | |||
Financing Receivable, Recorded Investment [Line Items] | ' | ' | ' | |||
Loans, net of unearned income, excluding covered loans | 4,353,472 | 4,230,035 | 4,094,628 | |||
Commercial Real Estate Portfolio Segment [Member] | Performing Financing Receivable [Member] | ' | ' | ' | |||
Financing Receivable, Recorded Investment [Line Items] | ' | ' | ' | |||
Loans, net of unearned income, excluding covered loans | 4,316,842 | 4,183,147 | 4,036,540 | |||
Commercial Real Estate Portfolio Segment [Member] | Nonperforming Financing Receivable [Member] | ' | ' | ' | |||
Financing Receivable, Recorded Investment [Line Items] | ' | ' | ' | |||
Loans, net of unearned income, excluding covered loans | 36,630 | 46,888 | 58,088 | |||
Home equity | ' | ' | ' | |||
Financing Receivable, Recorded Investment [Line Items] | ' | ' | ' | |||
Loans, net of unearned income, excluding covered loans | 713,642 | 719,137 | 758,260 | |||
Home equity | Performing Financing Receivable [Member] | ' | ' | ' | |||
Financing Receivable, Recorded Investment [Line Items] | ' | ' | ' | |||
Loans, net of unearned income, excluding covered loans | 707,838 | 709,066 | 745,913 | |||
Home equity | Nonperforming Financing Receivable [Member] | ' | ' | ' | |||
Financing Receivable, Recorded Investment [Line Items] | ' | ' | ' | |||
Loans, net of unearned income, excluding covered loans | 5,804 | 10,071 | 12,347 | |||
Residential Portfolio Segment [Member] | ' | ' | ' | |||
Financing Receivable, Recorded Investment [Line Items] | ' | ' | ' | |||
Loans, net of unearned income, excluding covered loans | 451,905 | 434,992 | 384,961 | |||
Consumer and other | ' | ' | ' | |||
Financing Receivable, Recorded Investment [Line Items] | ' | ' | ' | |||
Loans, net of unearned income, excluding covered loans | 160,373 | 167,488 | 172,231 | |||
Commercial and industrial | Commercial Portfolio Segment [Member] | ' | ' | ' | |||
Financing Receivable, Recorded Investment [Line Items] | ' | ' | ' | |||
Loans, net of unearned income, excluding covered loans | 2,012,480 | 1,836,206 | 1,696,236 | |||
Commercial and industrial | Commercial Portfolio Segment [Member] | Performing Financing Receivable [Member] | ' | ' | ' | |||
Financing Receivable, Recorded Investment [Line Items] | ' | ' | ' | |||
Loans, net of unearned income, excluding covered loans | 2,006,264 | 1,826,063 | 1,680,804 | |||
Commercial and industrial | Commercial Portfolio Segment [Member] | Nonperforming Financing Receivable [Member] | ' | ' | ' | |||
Financing Receivable, Recorded Investment [Line Items] | ' | ' | ' | |||
Loans, net of unearned income, excluding covered loans | 6,216 | 10,143 | 15,432 | |||
Franchise [Member] | Commercial Portfolio Segment [Member] | ' | ' | ' | |||
Financing Receivable, Recorded Investment [Line Items] | ' | ' | ' | |||
Loans, net of unearned income, excluding covered loans | 223,456 | 220,383 | 202,240 | |||
Franchise [Member] | Commercial Portfolio Segment [Member] | Performing Financing Receivable [Member] | ' | ' | ' | |||
Financing Receivable, Recorded Investment [Line Items] | ' | ' | ' | |||
Loans, net of unearned income, excluding covered loans | 223,456 | 220,383 | 202,240 | |||
Franchise [Member] | Commercial Portfolio Segment [Member] | Nonperforming Financing Receivable [Member] | ' | ' | ' | |||
Financing Receivable, Recorded Investment [Line Items] | ' | ' | ' | |||
Loans, net of unearned income, excluding covered loans | 0 | 0 | 0 | |||
Mortgage Warehouse Line of Credit [Member] | Commercial Portfolio Segment [Member] | ' | ' | ' | |||
Financing Receivable, Recorded Investment [Line Items] | ' | ' | ' | |||
Loans, net of unearned income, excluding covered loans | 148,211 | 67,470 | 174,422 | |||
Mortgage Warehouse Line of Credit [Member] | Commercial Portfolio Segment [Member] | Performing Financing Receivable [Member] | ' | ' | ' | |||
Financing Receivable, Recorded Investment [Line Items] | ' | ' | ' | |||
Loans, net of unearned income, excluding covered loans | 148,211 | 67,470 | 174,422 | |||
Mortgage Warehouse Line of Credit [Member] | Commercial Portfolio Segment [Member] | Nonperforming Financing Receivable [Member] | ' | ' | ' | |||
Financing Receivable, Recorded Investment [Line Items] | ' | ' | ' | |||
Loans, net of unearned income, excluding covered loans | 0 | 0 | 0 | |||
Community Advanatage Homeowners Association [Member] | Commercial Portfolio Segment [Member] | ' | ' | ' | |||
Financing Receivable, Recorded Investment [Line Items] | ' | ' | ' | |||
Loans, net of unearned income, excluding covered loans | 94,009 | 90,894 | 83,003 | |||
Community Advanatage Homeowners Association [Member] | Commercial Portfolio Segment [Member] | Performing Financing Receivable [Member] | ' | ' | ' | |||
Financing Receivable, Recorded Investment [Line Items] | ' | ' | ' | |||
Loans, net of unearned income, excluding covered loans | 94,009 | 90,894 | 83,003 | |||
Community Advanatage Homeowners Association [Member] | Commercial Portfolio Segment [Member] | Nonperforming Financing Receivable [Member] | ' | ' | ' | |||
Financing Receivable, Recorded Investment [Line Items] | ' | ' | ' | |||
Loans, net of unearned income, excluding covered loans | 0 | 0 | 0 | |||
Aircraft Loan [Member] | Commercial Portfolio Segment [Member] | ' | ' | ' | |||
Financing Receivable, Recorded Investment [Line Items] | ' | ' | ' | |||
Loans, net of unearned income, excluding covered loans | 7,847 | 10,241 | 13,174 | |||
Aircraft Loan [Member] | Commercial Portfolio Segment [Member] | Performing Financing Receivable [Member] | ' | ' | ' | |||
Financing Receivable, Recorded Investment [Line Items] | ' | ' | ' | |||
Loans, net of unearned income, excluding covered loans | 7,847 | 10,241 | 13,174 | |||
Aircraft Loan [Member] | Commercial Portfolio Segment [Member] | Nonperforming Financing Receivable [Member] | ' | ' | ' | |||
Financing Receivable, Recorded Investment [Line Items] | ' | ' | ' | |||
Loans, net of unearned income, excluding covered loans | 0 | 0 | 0 | |||
Asset Based Lending [Member] | Commercial Portfolio Segment [Member] | ' | ' | ' | |||
Financing Receivable, Recorded Investment [Line Items] | ' | ' | ' | |||
Loans, net of unearned income, excluding covered loans | 778,344 | 735,093 | 685,701 | |||
Asset Based Lending [Member] | Commercial Portfolio Segment [Member] | Performing Financing Receivable [Member] | ' | ' | ' | |||
Financing Receivable, Recorded Investment [Line Items] | ' | ' | ' | |||
Loans, net of unearned income, excluding covered loans | 778,049 | 734,456 | 683,785 | |||
Asset Based Lending [Member] | Commercial Portfolio Segment [Member] | Nonperforming Financing Receivable [Member] | ' | ' | ' | |||
Financing Receivable, Recorded Investment [Line Items] | ' | ' | ' | |||
Loans, net of unearned income, excluding covered loans | 295 | 637 | 1,916 | |||
Tax Exempt [Member] | Commercial Portfolio Segment [Member] | ' | ' | ' | |||
Financing Receivable, Recorded Investment [Line Items] | ' | ' | ' | |||
Loans, net of unearned income, excluding covered loans | 208,913 | 161,239 | 151,492 | |||
Tax Exempt [Member] | Commercial Portfolio Segment [Member] | Performing Financing Receivable [Member] | ' | ' | ' | |||
Financing Receivable, Recorded Investment [Line Items] | ' | ' | ' | |||
Loans, net of unearned income, excluding covered loans | 208,913 | 161,239 | 151,492 | |||
Tax Exempt [Member] | Commercial Portfolio Segment [Member] | Nonperforming Financing Receivable [Member] | ' | ' | ' | |||
Financing Receivable, Recorded Investment [Line Items] | ' | ' | ' | |||
Loans, net of unearned income, excluding covered loans | 0 | 0 | 0 | |||
Leases [Member] | Commercial Portfolio Segment [Member] | ' | ' | ' | |||
Financing Receivable, Recorded Investment [Line Items] | ' | ' | ' | |||
Loans, net of unearned income, excluding covered loans | 144,435 | 109,831 | 102,409 | |||
Leases [Member] | Commercial Portfolio Segment [Member] | Performing Financing Receivable [Member] | ' | ' | ' | |||
Financing Receivable, Recorded Investment [Line Items] | ' | ' | ' | |||
Loans, net of unearned income, excluding covered loans | 144,435 | 109,831 | 102,409 | |||
Leases [Member] | Commercial Portfolio Segment [Member] | Nonperforming Financing Receivable [Member] | ' | ' | ' | |||
Financing Receivable, Recorded Investment [Line Items] | ' | ' | ' | |||
Loans, net of unearned income, excluding covered loans | 0 | 0 | 0 | |||
Other Receivables [Member] | Commercial Portfolio Segment [Member] | ' | ' | ' | |||
Financing Receivable, Recorded Investment [Line Items] | ' | ' | ' | |||
Loans, net of unearned income, excluding covered loans | 9,792 | 11,147 | 98 | |||
Other Receivables [Member] | Commercial Portfolio Segment [Member] | Performing Financing Receivable [Member] | ' | ' | ' | |||
Financing Receivable, Recorded Investment [Line Items] | ' | ' | ' | |||
Loans, net of unearned income, excluding covered loans | 9,792 | 11,147 | 98 | |||
Other Receivables [Member] | Commercial Portfolio Segment [Member] | Nonperforming Financing Receivable [Member] | ' | ' | ' | |||
Financing Receivable, Recorded Investment [Line Items] | ' | ' | ' | |||
Loans, net of unearned income, excluding covered loans | 0 | 0 | 0 | |||
Purchased Non Covered Commercial [Member] | Commercial Portfolio Segment [Member] | ' | ' | ' | |||
Financing Receivable, Recorded Investment [Line Items] | ' | ' | ' | |||
Loans, net of unearned income, excluding covered loans | 12,943 | [1],[2] | 11,183 | [1],[2] | 11,156 | [1],[2] |
Purchased Non Covered Commercial [Member] | Commercial Portfolio Segment [Member] | Performing Financing Receivable [Member] | ' | ' | ' | |||
Financing Receivable, Recorded Investment [Line Items] | ' | ' | ' | |||
Loans, net of unearned income, excluding covered loans | 12,943 | [1] | 11,183 | [1] | 11,156 | [1] |
Purchased Non Covered Commercial [Member] | Commercial Portfolio Segment [Member] | Nonperforming Financing Receivable [Member] | ' | ' | ' | |||
Financing Receivable, Recorded Investment [Line Items] | ' | ' | ' | |||
Loans, net of unearned income, excluding covered loans | 0 | [1] | 0 | [1] | 0 | [1] |
Residential Construction [Member] | Commercial Real Estate Portfolio Segment [Member] | ' | ' | ' | |||
Financing Receivable, Recorded Investment [Line Items] | ' | ' | ' | |||
Loans, net of unearned income, excluding covered loans | 29,959 | 38,500 | 39,299 | |||
Residential Construction [Member] | Commercial Real Estate Portfolio Segment [Member] | Performing Financing Receivable [Member] | ' | ' | ' | |||
Financing Receivable, Recorded Investment [Line Items] | ' | ' | ' | |||
Loans, net of unearned income, excluding covered loans | 29,959 | 38,351 | 33,377 | |||
Residential Construction [Member] | Commercial Real Estate Portfolio Segment [Member] | Nonperforming Financing Receivable [Member] | ' | ' | ' | |||
Financing Receivable, Recorded Investment [Line Items] | ' | ' | ' | |||
Loans, net of unearned income, excluding covered loans | 0 | 149 | 5,922 | |||
Commercial Real Estate Construction Financing Receivable [Member] | Commercial Real Estate Portfolio Segment [Member] | ' | ' | ' | |||
Financing Receivable, Recorded Investment [Line Items] | ' | ' | ' | |||
Loans, net of unearned income, excluding covered loans | 155,059 | 136,706 | 138,043 | |||
Commercial Real Estate Construction Financing Receivable [Member] | Commercial Real Estate Portfolio Segment [Member] | Performing Financing Receivable [Member] | ' | ' | ' | |||
Financing Receivable, Recorded Investment [Line Items] | ' | ' | ' | |||
Loans, net of unearned income, excluding covered loans | 154,220 | 129,737 | 130,186 | |||
Commercial Real Estate Construction Financing Receivable [Member] | Commercial Real Estate Portfolio Segment [Member] | Nonperforming Financing Receivable [Member] | ' | ' | ' | |||
Financing Receivable, Recorded Investment [Line Items] | ' | ' | ' | |||
Loans, net of unearned income, excluding covered loans | 839 | 6,969 | 7,857 | |||
Land Loans [Member] | Commercial Real Estate Portfolio Segment [Member] | ' | ' | ' | |||
Financing Receivable, Recorded Investment [Line Items] | ' | ' | ' | |||
Loans, net of unearned income, excluding covered loans | 105,927 | 106,785 | 116,853 | |||
Land Loans [Member] | Commercial Real Estate Portfolio Segment [Member] | Performing Financing Receivable [Member] | ' | ' | ' | |||
Financing Receivable, Recorded Investment [Line Items] | ' | ' | ' | |||
Loans, net of unearned income, excluding covered loans | 103,560 | 103,971 | 111,111 | |||
Land Loans [Member] | Commercial Real Estate Portfolio Segment [Member] | Nonperforming Financing Receivable [Member] | ' | ' | ' | |||
Financing Receivable, Recorded Investment [Line Items] | ' | ' | ' | |||
Loans, net of unearned income, excluding covered loans | 2,367 | 2,814 | 5,742 | |||
Office Building Loans [Member] | Commercial Real Estate Portfolio Segment [Member] | ' | ' | ' | |||
Financing Receivable, Recorded Investment [Line Items] | ' | ' | ' | |||
Loans, net of unearned income, excluding covered loans | 667,917 | 642,241 | 597,757 | |||
Office Building Loans [Member] | Commercial Real Estate Portfolio Segment [Member] | Performing Financing Receivable [Member] | ' | ' | ' | |||
Financing Receivable, Recorded Investment [Line Items] | ' | ' | ' | |||
Loans, net of unearned income, excluding covered loans | 656,967 | 632,154 | 591,433 | |||
Office Building Loans [Member] | Commercial Real Estate Portfolio Segment [Member] | Nonperforming Financing Receivable [Member] | ' | ' | ' | |||
Financing Receivable, Recorded Investment [Line Items] | ' | ' | ' | |||
Loans, net of unearned income, excluding covered loans | 10,950 | 10,087 | 6,324 | |||
Industrial Loans [Member] | Commercial Real Estate Portfolio Segment [Member] | ' | ' | ' | |||
Financing Receivable, Recorded Investment [Line Items] | ' | ' | ' | |||
Loans, net of unearned income, excluding covered loans | 617,640 | 633,938 | 615,501 | |||
Industrial Loans [Member] | Commercial Real Estate Portfolio Segment [Member] | Performing Financing Receivable [Member] | ' | ' | ' | |||
Financing Receivable, Recorded Investment [Line Items] | ' | ' | ' | |||
Loans, net of unearned income, excluding covered loans | 612,543 | 628,284 | 609,728 | |||
Industrial Loans [Member] | Commercial Real Estate Portfolio Segment [Member] | Nonperforming Financing Receivable [Member] | ' | ' | ' | |||
Financing Receivable, Recorded Investment [Line Items] | ' | ' | ' | |||
Loans, net of unearned income, excluding covered loans | 5,097 | 5,654 | 5,773 | |||
Retail Loan [Member] | Commercial Real Estate Portfolio Segment [Member] | ' | ' | ' | |||
Financing Receivable, Recorded Investment [Line Items] | ' | ' | ' | |||
Loans, net of unearned income, excluding covered loans | 697,095 | 656,259 | 607,391 | |||
Retail Loan [Member] | Commercial Real Estate Portfolio Segment [Member] | Performing Financing Receivable [Member] | ' | ' | ' | |||
Financing Receivable, Recorded Investment [Line Items] | ' | ' | ' | |||
Loans, net of unearned income, excluding covered loans | 690,186 | 645,397 | 599,920 | |||
Retail Loan [Member] | Commercial Real Estate Portfolio Segment [Member] | Nonperforming Financing Receivable [Member] | ' | ' | ' | |||
Financing Receivable, Recorded Investment [Line Items] | ' | ' | ' | |||
Loans, net of unearned income, excluding covered loans | 6,909 | 10,862 | 7,471 | |||
Multi Family [Member] | Commercial Real Estate Portfolio Segment [Member] | ' | ' | ' | |||
Financing Receivable, Recorded Investment [Line Items] | ' | ' | ' | |||
Loans, net of unearned income, excluding covered loans | 636,169 | 566,537 | 533,568 | |||
Multi Family [Member] | Commercial Real Estate Portfolio Segment [Member] | Performing Financing Receivable [Member] | ' | ' | ' | |||
Financing Receivable, Recorded Investment [Line Items] | ' | ' | ' | |||
Loans, net of unearned income, excluding covered loans | 635,480 | 564,502 | 530,231 | |||
Multi Family [Member] | Commercial Real Estate Portfolio Segment [Member] | Nonperforming Financing Receivable [Member] | ' | ' | ' | |||
Financing Receivable, Recorded Investment [Line Items] | ' | ' | ' | |||
Loans, net of unearned income, excluding covered loans | 689 | 2,035 | 3,337 | |||
Mixed Use And Other [Member] | Commercial Real Estate Portfolio Segment [Member] | ' | ' | ' | |||
Financing Receivable, Recorded Investment [Line Items] | ' | ' | ' | |||
Loans, net of unearned income, excluding covered loans | 1,378,439 | 1,372,454 | 1,378,805 | |||
Mixed Use And Other [Member] | Commercial Real Estate Portfolio Segment [Member] | Performing Financing Receivable [Member] | ' | ' | ' | |||
Financing Receivable, Recorded Investment [Line Items] | ' | ' | ' | |||
Loans, net of unearned income, excluding covered loans | 1,368,660 | 1,364,136 | 1,363,143 | |||
Mixed Use And Other [Member] | Commercial Real Estate Portfolio Segment [Member] | Nonperforming Financing Receivable [Member] | ' | ' | ' | |||
Financing Receivable, Recorded Investment [Line Items] | ' | ' | ' | |||
Loans, net of unearned income, excluding covered loans | 9,779 | 8,318 | 15,662 | |||
Purchased Non Covered Commercial Real Estate [Member] | Commercial Real Estate Portfolio Segment [Member] | ' | ' | ' | |||
Financing Receivable, Recorded Investment [Line Items] | ' | ' | ' | |||
Loans, net of unearned income, excluding covered loans | 65,267 | [1],[2] | 76,615 | [1],[2] | 67,411 | [1],[2] |
Purchased Non Covered Commercial Real Estate [Member] | Commercial Real Estate Portfolio Segment [Member] | Performing Financing Receivable [Member] | ' | ' | ' | |||
Financing Receivable, Recorded Investment [Line Items] | ' | ' | ' | |||
Loans, net of unearned income, excluding covered loans | 65,267 | [1] | 76,615 | [1] | 67,411 | [1] |
Purchased Non Covered Commercial Real Estate [Member] | Commercial Real Estate Portfolio Segment [Member] | Nonperforming Financing Receivable [Member] | ' | ' | ' | |||
Financing Receivable, Recorded Investment [Line Items] | ' | ' | ' | |||
Loans, net of unearned income, excluding covered loans | 0 | [1] | 0 | [1] | 0 | [1] |
Residential Real Estate Loan [Member] | Residential Portfolio Segment [Member] | ' | ' | ' | |||
Financing Receivable, Recorded Investment [Line Items] | ' | ' | ' | |||
Loans, net of unearned income, excluding covered loans | 449,123 | 432,125 | 382,641 | |||
Residential Real Estate Loan [Member] | Residential Portfolio Segment [Member] | Performing Financing Receivable [Member] | ' | ' | ' | |||
Financing Receivable, Recorded Investment [Line Items] | ' | ' | ' | |||
Loans, net of unearned income, excluding covered loans | 433,829 | 417,151 | 372,428 | |||
Residential Real Estate Loan [Member] | Residential Portfolio Segment [Member] | Nonperforming Financing Receivable [Member] | ' | ' | ' | |||
Financing Receivable, Recorded Investment [Line Items] | ' | ' | ' | |||
Loans, net of unearned income, excluding covered loans | 15,294 | 14,974 | 10,213 | |||
Purchased Non Covered Residential Real Estate [Member] | Residential Portfolio Segment [Member] | ' | ' | ' | |||
Financing Receivable, Recorded Investment [Line Items] | ' | ' | ' | |||
Loans, net of unearned income, excluding covered loans | 2,782 | [1],[2] | 2,867 | [1],[2] | 2,320 | [1],[2] |
Purchased Non Covered Residential Real Estate [Member] | Residential Portfolio Segment [Member] | Performing Financing Receivable [Member] | ' | ' | ' | |||
Financing Receivable, Recorded Investment [Line Items] | ' | ' | ' | |||
Loans, net of unearned income, excluding covered loans | 2,782 | [1] | 2,867 | [1] | 2,320 | [1] |
Purchased Non Covered Residential Real Estate [Member] | Residential Portfolio Segment [Member] | Nonperforming Financing Receivable [Member] | ' | ' | ' | |||
Financing Receivable, Recorded Investment [Line Items] | ' | ' | ' | |||
Loans, net of unearned income, excluding covered loans | 0 | [1] | 0 | [1] | 0 | [1] |
Commercial Insurance Loans [Member] | Premium finance receivables | ' | ' | ' | |||
Financing Receivable, Recorded Investment [Line Items] | ' | ' | ' | |||
Loans, net of unearned income, excluding covered loans | 2,378,529 | 2,167,565 | 2,165,734 | |||
Commercial Insurance Loans [Member] | Premium finance receivables | Performing Financing Receivable [Member] | ' | ' | ' | |||
Financing Receivable, Recorded Investment [Line Items] | ' | ' | ' | |||
Loans, net of unearned income, excluding covered loans | 2,355,956 | 2,148,186 | 2,145,458 | |||
Commercial Insurance Loans [Member] | Premium finance receivables | Nonperforming Financing Receivable [Member] | ' | ' | ' | |||
Financing Receivable, Recorded Investment [Line Items] | ' | ' | ' | |||
Loans, net of unearned income, excluding covered loans | 22,573 | 19,379 | 20,276 | |||
Life Insurance Loans [Member] | Premium finance receivables | ' | ' | ' | |||
Financing Receivable, Recorded Investment [Line Items] | ' | ' | ' | |||
Loans, net of unearned income, excluding covered loans | 1,641,885 | 1,499,792 | 1,346,697 | |||
Life Insurance Loans [Member] | Premium finance receivables | Performing Financing Receivable [Member] | ' | ' | ' | |||
Financing Receivable, Recorded Investment [Line Items] | ' | ' | ' | |||
Loans, net of unearned income, excluding covered loans | 1,641,236 | 1,499,792 | 1,345,469 | |||
Life Insurance Loans [Member] | Premium finance receivables | Nonperforming Financing Receivable [Member] | ' | ' | ' | |||
Financing Receivable, Recorded Investment [Line Items] | ' | ' | ' | |||
Loans, net of unearned income, excluding covered loans | 649 | 0 | 1,228 | |||
Purchased Life Insurance Loans [Member] | Premium finance receivables | ' | ' | ' | |||
Financing Receivable, Recorded Investment [Line Items] | ' | ' | ' | |||
Loans, net of unearned income, excluding covered loans | 409,760 | [1],[2] | 423,906 | [1],[2] | 474,450 | [1],[2] |
Purchased Life Insurance Loans [Member] | Premium finance receivables | Performing Financing Receivable [Member] | ' | ' | ' | |||
Financing Receivable, Recorded Investment [Line Items] | ' | ' | ' | |||
Loans, net of unearned income, excluding covered loans | 409,760 | [1] | 423,906 | [1] | 474,450 | [1] |
Purchased Life Insurance Loans [Member] | Premium finance receivables | Nonperforming Financing Receivable [Member] | ' | ' | ' | |||
Financing Receivable, Recorded Investment [Line Items] | ' | ' | ' | |||
Loans, net of unearned income, excluding covered loans | 0 | [1] | 0 | [1] | 0 | [1] |
Consumer and other | Consumer and other | ' | ' | ' | |||
Financing Receivable, Recorded Investment [Line Items] | ' | ' | ' | |||
Loans, net of unearned income, excluding covered loans | 160,175 | 166,284 | 171,893 | |||
Consumer and other | Consumer and other | Performing Financing Receivable [Member] | ' | ' | ' | |||
Financing Receivable, Recorded Investment [Line Items] | ' | ' | ' | |||
Loans, net of unearned income, excluding covered loans | 158,986 | 165,042 | 169,908 | |||
Consumer and other | Consumer and other | Nonperforming Financing Receivable [Member] | ' | ' | ' | |||
Financing Receivable, Recorded Investment [Line Items] | ' | ' | ' | |||
Loans, net of unearned income, excluding covered loans | 1,189 | 1,242 | 1,985 | |||
Purchased Non Covered Consumer And Other [Member] | Consumer and other | ' | ' | ' | |||
Financing Receivable, Recorded Investment [Line Items] | ' | ' | ' | |||
Loans, net of unearned income, excluding covered loans | 198 | [1],[2] | 1,204 | [1],[2] | 338 | [1],[2] |
Purchased Non Covered Consumer And Other [Member] | Consumer and other | Performing Financing Receivable [Member] | ' | ' | ' | |||
Financing Receivable, Recorded Investment [Line Items] | ' | ' | ' | |||
Loans, net of unearned income, excluding covered loans | 198 | [1] | 1,204 | [1] | 338 | [1] |
Purchased Non Covered Consumer And Other [Member] | Consumer and other | Nonperforming Financing Receivable [Member] | ' | ' | ' | |||
Financing Receivable, Recorded Investment [Line Items] | ' | ' | ' | |||
Loans, net of unearned income, excluding covered loans | $0 | [1] | $0 | [1] | $0 | [1] |
[1] | PCI loans represent loans acquired with evidence of credit quality deterioration since origination, in accordance with ASC 310-30. Loan agings are based upon contractually required payments.As of June 30, 2013 90+ days and still accruingB 60-89 days past dueB 30-59 days past due (Dollars in thousands)Nonaccrual CurrentB Total LoansLoan Balances: Commercial Commercial and industrial$15,432B $bB $2,940B $12,111B $1,665,753B $1,696,236FranchisebB bB bB 450B 201,790B 202,240Mortgage warehouse lines of creditbB bB bB bB 174,422B 174,422Community Advantagebhomeowners associationbB bB bB bB 83,003B 83,003AircraftbB bB bB bB 13,174B 13,174Asset-based lending1,816B 100B 2,305B 4,949B 676,531B 685,701Tax exempt bB bB bB bB 151,492B 151,492LeasesbB bB bB bB 102,409B 102,409OtherbB bB bB bB 98B 98PCI - commercial (1)bB 190B bB 1,632B 9,334B 11,156Total commercial17,248B 290B 5,245B 19,142B 3,078,006B 3,119,931Commercial real-estate: Residential construction2,659B 3,263B 379B bB 32,998B 39,299Commercial construction7,857B bB 1,271B 70B 128,845B 138,043Land5,742B bB 330B 4,141B 106,640B 116,853Office6,324B bB 4,210B 2,720B 584,503B 597,757Industrial5,773B bB 4,597B 4,984B 600,147B 615,501Retail7,471B bB 1,760B 2,031B 596,129B 607,391Multi-family3,337B bB 401B 3,149B 526,681B 533,568Mixed use and other15,662B bB 2,183B 10,379B 1,350,581B 1,378,805PCI - commercial real-estate (1)bB 6,466B 3,430B 6,226B 51,289B 67,411Total commercial real-estate54,825B 9,729B 18,561B 33,700B 3,977,813B 4,094,628Home equity12,322B 25B 2,085B 5,821B 738,007B 758,260Residential real estate10,213B bB 1,896B 1,836B 368,696B 382,641PCI - residential real estate (1)bB bB 46B 260B 2,014B 2,320Premium finance receivables Commercial insurance loans13,605B 6,671B 6,592B 11,386B 2,127,480B 2,165,734Life insurance loans16B 1,212B 7,896B bB 1,337,573B 1,346,697PCI - life insurance loans (1)bB bB bB bB 474,450B 474,450Consumer and other1,768B 217B 512B 584B 168,812B 171,893PCI - consumer and other (1)bB 28B bB bB 310B 338Total loans, net of unearned income, excluding covered loans$109,997B $18,172B $42,833B $72,729B $12,273,161B $12,516,892Covered loans3,982B 97,000B 10,568B 4,852B 338,200B 454,602Total loans, net of unearned income$113,979B $115,172B $53,401B $77,581B $12,611,361B $12,971,494(1)PCI loans represent loans acquired with evidence of credit quality deterioration since origination, in accordance with ASC 310-30. Loan agings are based upon contractually required payments.Our ability to manage credit risk depends in large part on our ability to properly identify and manage problem loans. To do so, we operate a credit risk rating system under which our credit management personnel assign a credit risk rating (1 to 10 rating) to each loan at the time of origination and review loans on a regular basis.Each loan officer is responsible for monitoring his or her loan portfolio, recommending a credit risk rating for each loan in his or her portfolio and ensuring the credit risk ratings are appropriate. These credit risk ratings are then ratified by the bankbs chief credit officer and/or concurrence credit officer. Credit risk ratings are determined by evaluating a number of factors including: a borrowerbs financial strength, cash flow coverage, collateral protection and guarantees.The Companybs Problem Loan Reporting system automatically includes all loans with credit risk ratings of 6 through 9. This system is designed to provide an on-going detailed tracking mechanism for each problem loan. Once management determines that a loan has deteriorated to a point where it has a credit risk rating of 6 or worse, the Companybs Managed Asset Division performs an overall credit and collateral review. As part of this review, all underlying collateral is identified and the valuation methodology is analyzed and tracked. As a result of this initial review by the Companybs Managed Asset Division, the credit risk rating is reviewed and a portion of the outstanding loan balance may be deemed uncollectible or an impairment reserve may be established. The Companybs impairment analysis utilizes an independent re-appraisal of the collateral (unless such a third-party evaluation is not possible due to the unique nature of the collateral, such as a closely-held business or thinly traded securities). In the case of commercial real-estate collateral, an independent third party appraisal is ordered by the Companybs Real Estate Services Group to determine if there has been any change in the underlying collateral value. These independent appraisals are reviewed by the Real Estate Services Group and sometimes by independent third party valuation experts and may be adjusted depending upon market conditions.Through the credit risk rating process, loans are reviewed to determine if they are performing in accordance with the original contractual terms. If the borrower has failed to comply with the original contractual terms, further action may be required by the Company, including a downgrade in the credit risk rating, movement to non-accrual status, a charge-off or the establishment of a specific impairment reserve. If we determine that a loan amount, or portion thereof, is uncollectible, the loanbs credit risk rating is immediately downgraded to an 8 or 9 and the uncollectible amount is charged-off. Any loan that has a partial charge-off continues to be assigned a credit risk rating of an 8 or 9 for the duration of time that a balance remains outstanding. The Company undertakes a thorough and ongoing analysis to determine if additional impairment and/or charge-offs are appropriate and to begin a workout plan for the credit to minimize actual losses.If, based on current information and events, it is probable that the Company will be unable to collect all amounts due to it according to the contractual terms of the loan agreement, a specific impairment reserve is established. In determining the appropriate charge-off for collateral-dependent loans, the Company considers the results of appraisals for the associated collateral.Non-performing loans include all non-accrual loans (8 and 9 risk ratings) as well as loans 90 days past due and still accruing interest, excluding PCI loans. The remainder of the portfolio is considered performing under the contractual terms of the loan agreement. The following table presents the recorded investment based on performance of loans by class, excluding covered loans, per the most recent analysis at JuneB 30, 2014,B DecemberB 31, 2013 and JuneB 30, 2013: PerformingB Non-performingB Total(DollarsB inB thousands)June 30, 2014B December 31, 2013B June 30, 2013B June 30, 2014B December 31, 2013B June 30, 2013B June 30, 2014B December 31, 2013B June 30, 2013Loan Balances: Commercial Commercial and industrial$2,006,264B $1,826,063B $1,680,804B $6,216B $10,143B $15,432B $2,012,480B $1,836,206B $1,696,236Franchise223,456B 220,383B 202,240B bB bB bB 223,456B 220,383B 202,240Mortgage warehouse lines of credit148,211B 67,470B 174,422B bB bB bB 148,211B 67,470B 174,422Community Advantagebhomeowners association94,009B 90,894B 83,003B bB bB bB 94,009B 90,894B 83,003Aircraft7,847B 10,241B 13,174B bB bB bB 7,847B 10,241B 13,174Asset-based lending778,049B 734,456B 683,785B 295B 637B 1,916B 778,344B 735,093B 685,701Tax exempt208,913B 161,239B 151,492B bB bB bB 208,913B 161,239B 151,492Leases144,435B 109,831B 102,409B bB bB bB 144,435B 109,831B 102,409Other9,792B 11,147B 98B bB bB bB 9,792B 11,147B 98PCI - commercial (1)12,943B 11,183B 11,156B bB bB bB 12,943B 11,183B 11,156Total commercial3,633,919B 3,242,907B 3,102,583B 6,511B 10,780B 17,348B 3,640,430B 3,253,687B 3,119,931Commercial real-estate Residential construction29,959B 38,351B 33,377B bB 149B 5,922B 29,959B 38,500B 39,299Commercial construction154,220B 129,737B 130,186B 839B 6,969B 7,857B 155,059B 136,706B 138,043Land103,560B 103,971B 111,111B 2,367B 2,814B 5,742B 105,927B 106,785B 116,853Office656,967B 632,154B 591,433B 10,950B 10,087B 6,324B 667,917B 642,241B 597,757Industrial612,543B 628,284B 609,728B 5,097B 5,654B 5,773B 617,640B 633,938B 615,501Retail690,186B 645,397B 599,920B 6,909B 10,862B 7,471B 697,095B 656,259B 607,391Multi-family635,480B 564,502B 530,231B 689B 2,035B 3,337B 636,169B 566,537B 533,568Mixed use and other1,368,660B 1,364,136B 1,363,143B 9,779B 8,318B 15,662B 1,378,439B 1,372,454B 1,378,805PCI - commercial real-estate(1)65,267B 76,615B 67,411B bB bB bB 65,267B 76,615B 67,411Total commercial real-estate4,316,842B 4,183,147B 4,036,540B 36,630B 46,888B 58,088B 4,353,472B 4,230,035B 4,094,628Home equity707,838B 709,066B 745,913B 5,804B 10,071B 12,347B 713,642B 719,137B 758,260Residential real-estate433,829B 417,151B 372,428B 15,294B 14,974B 10,213B 449,123B 432,125B 382,641PCI - residential real-estate (1)2,782B 2,867B 2,320B bB bB bB 2,782B 2,867B 2,320Premium finance receivables Commercial insurance loans2,355,956B 2,148,186B 2,145,458B 22,573B 19,379B 20,276B 2,378,529B 2,167,565B 2,165,734Life insurance loans1,641,236B 1,499,792B 1,345,469B 649B bB 1,228B 1,641,885B 1,499,792B 1,346,697PCI - life insurance loans (1)409,760B 423,906B 474,450B bB bB bB 409,760B 423,906B 474,450Consumer and other158,986B 165,042B 169,908B 1,189B 1,242B 1,985B 160,175B 166,284B 171,893PCI - consumer and other(1)198B 1,204B 338B bB bB bB 198B 1,204B 338Total loans, net of unearned income, excluding covered loans$13,661,346B $12,793,268B $12,395,407B $88,650B $103,334B $121,485B $13,749,996B $12,896,602B $12,516,892(1)PCI loans represent loans acquired with evidence of credit quality deterioration since origination, in accordance with ASC 310-30. See Note 6 - Loans for further discussion of these purchased loans. | |||||
[2] | PCI loans represent loans acquired with evidence of credit quality deterioration since origination, in accordance with ASC 310-30. Loan agings are based upon contractually required payments. |
Allowance_for_Loan_Losses_Allo4
Allowance for Loan Losses, Allowance for Losses on Lending-Related Commitments and Impaired Loans Allowance for Loan Losses, Allowance for Losses on Lending-Related Commitments and Impaired Loans (Summary Of Activity In Allowance For Credit Losses) (Detail) (USD $) | 3 Months Ended | 6 Months Ended | ||
In Thousands, unless otherwise specified | Jun. 30, 2014 | Jun. 30, 2013 | Jun. 30, 2014 | Jun. 30, 2013 |
Financing Receivable, Allowance for Credit Losses [Roll Forward] | ' | ' | ' | ' |
Allowance for loan losses at beginning of period | $92,275 | $110,348 | $96,922 | $107,351 |
Other adjustments | -105 | -309 | -253 | -538 |
Reclassification from (to) allowance for unfunded lending-related commitments | -146 | 65 | -164 | -148 |
Charge-offs | -7,859 | -19,776 | -16,876 | -32,937 |
Recoveries | 1,275 | 1,381 | 2,507 | 2,614 |
Provision for credit losses | 6,813 | 15,133 | 10,117 | 30,500 |
Allowance for loan losses at period end | 92,253 | 106,842 | 92,253 | 106,842 |
Allowance for unfunded lending-related commitments at period end | 884 | 3,563 | 884 | 3,563 |
Allowance for credit losses at period end | 93,137 | 110,405 | 93,137 | 110,405 |
Allowance for credit losses at period end, Individually evaluated for impairment | 10,386 | 14,882 | 10,386 | 14,882 |
Allowance for credit losses at period end, Collectively evaluated for impairment | 82,687 | 95,321 | 82,687 | 95,321 |
Allowance for credit losses at period end, Loans acquired with deteriorated credit quality | 64 | 202 | 64 | 202 |
Loans at period end, Individually evaluated for impairment | 138,735 | 194,370 | 138,735 | 194,370 |
Loans at period end, Collectively evaluated for impairment | 13,120,311 | 11,766,847 | 13,120,311 | 11,766,847 |
Loans at period end, Loans acquired with deteriorated credit quality | 490,950 | 555,675 | 490,950 | 555,675 |
Commercial Portfolio Segment [Member] | ' | ' | ' | ' |
Financing Receivable, Allowance for Credit Losses [Roll Forward] | ' | ' | ' | ' |
Allowance for loan losses at beginning of period | 24,689 | 28,952 | 23,092 | 28,794 |
Other adjustments | -22 | -1 | -37 | -4 |
Reclassification from (to) allowance for unfunded lending-related commitments | 0 | 0 | 0 | 0 |
Charge-offs | -2,384 | -1,093 | -3,032 | -5,633 |
Recoveries | 270 | 268 | 587 | 563 |
Provision for credit losses | 3,485 | 605 | 5,428 | 5,011 |
Allowance for loan losses at period end | 26,038 | 28,731 | 26,038 | 28,731 |
Allowance for unfunded lending-related commitments at period end | 0 | 0 | 0 | 0 |
Allowance for credit losses at period end | 26,038 | 28,731 | 26,038 | 28,731 |
Allowance for credit losses at period end, Individually evaluated for impairment | 1,927 | 5,587 | 1,927 | 5,587 |
Allowance for credit losses at period end, Collectively evaluated for impairment | 24,100 | 23,066 | 24,100 | 23,066 |
Allowance for credit losses at period end, Loans acquired with deteriorated credit quality | 11 | 78 | 11 | 78 |
Loans at period end, Individually evaluated for impairment | 12,397 | 25,495 | 12,397 | 25,495 |
Loans at period end, Collectively evaluated for impairment | 3,615,090 | 3,083,280 | 3,615,090 | 3,083,280 |
Loans at period end, Loans acquired with deteriorated credit quality | 12,943 | 11,156 | 12,943 | 11,156 |
Commercial Real Estate Portfolio Segment [Member] | ' | ' | ' | ' |
Financing Receivable, Allowance for Credit Losses [Roll Forward] | ' | ' | ' | ' |
Allowance for loan losses at beginning of period | 44,605 | 56,408 | 48,658 | 52,135 |
Other adjustments | -96 | -211 | -217 | -428 |
Reclassification from (to) allowance for unfunded lending-related commitments | -146 | 65 | -164 | -148 |
Charge-offs | -2,351 | -14,947 | -6,844 | -18,246 |
Recoveries | 342 | 584 | 487 | 952 |
Provision for credit losses | -1,652 | 10,057 | -1,218 | 17,691 |
Allowance for loan losses at period end | 40,702 | 51,956 | 40,702 | 51,956 |
Allowance for unfunded lending-related commitments at period end | 884 | 3,563 | 884 | 3,563 |
Allowance for credit losses at period end | 41,586 | 55,519 | 41,586 | 55,519 |
Allowance for credit losses at period end, Individually evaluated for impairment | 7,237 | 7,411 | 7,237 | 7,411 |
Allowance for credit losses at period end, Collectively evaluated for impairment | 34,349 | 47,994 | 34,349 | 47,994 |
Allowance for credit losses at period end, Loans acquired with deteriorated credit quality | 0 | 114 | 0 | 114 |
Loans at period end, Individually evaluated for impairment | 100,068 | 139,920 | 100,068 | 139,920 |
Loans at period end, Collectively evaluated for impairment | 4,188,137 | 3,887,297 | 4,188,137 | 3,887,297 |
Loans at period end, Loans acquired with deteriorated credit quality | 65,267 | 67,411 | 65,267 | 67,411 |
Home equity | ' | ' | ' | ' |
Financing Receivable, Allowance for Credit Losses [Roll Forward] | ' | ' | ' | ' |
Allowance for loan losses at beginning of period | 10,966 | 12,122 | 12,611 | 12,734 |
Other adjustments | -1 | 0 | -2 | 0 |
Reclassification from (to) allowance for unfunded lending-related commitments | 0 | 0 | 0 | 0 |
Charge-offs | -730 | -1,785 | -2,997 | -4,182 |
Recoveries | 122 | 171 | 379 | 333 |
Provision for credit losses | 3,561 | 3,697 | 3,927 | 5,320 |
Allowance for loan losses at period end | 13,918 | 14,205 | 13,918 | 14,205 |
Allowance for unfunded lending-related commitments at period end | 0 | 0 | 0 | 0 |
Allowance for credit losses at period end | 13,918 | 14,205 | 13,918 | 14,205 |
Allowance for credit losses at period end, Individually evaluated for impairment | 636 | 1,060 | 636 | 1,060 |
Allowance for credit losses at period end, Collectively evaluated for impairment | 13,282 | 13,145 | 13,282 | 13,145 |
Allowance for credit losses at period end, Loans acquired with deteriorated credit quality | 0 | 0 | 0 | 0 |
Loans at period end, Individually evaluated for impairment | 6,030 | 13,488 | 6,030 | 13,488 |
Loans at period end, Collectively evaluated for impairment | 707,612 | 744,772 | 707,612 | 744,772 |
Loans at period end, Loans acquired with deteriorated credit quality | 0 | 0 | 0 | 0 |
Residential Portfolio Segment [Member] | ' | ' | ' | ' |
Financing Receivable, Allowance for Credit Losses [Roll Forward] | ' | ' | ' | ' |
Allowance for loan losses at beginning of period | 4,691 | 5,140 | 5,108 | 5,560 |
Other adjustments | -2 | -85 | -4 | -94 |
Reclassification from (to) allowance for unfunded lending-related commitments | 0 | 0 | 0 | 0 |
Charge-offs | -689 | -517 | -915 | -2,245 |
Recoveries | 74 | 18 | 205 | 23 |
Provision for credit losses | -341 | 269 | -661 | 1,581 |
Allowance for loan losses at period end | 3,733 | 4,825 | 3,733 | 4,825 |
Allowance for unfunded lending-related commitments at period end | 0 | 0 | 0 | 0 |
Allowance for credit losses at period end | 3,733 | 4,825 | 3,733 | 4,825 |
Allowance for credit losses at period end, Individually evaluated for impairment | 484 | 606 | 484 | 606 |
Allowance for credit losses at period end, Collectively evaluated for impairment | 3,196 | 4,209 | 3,196 | 4,209 |
Allowance for credit losses at period end, Loans acquired with deteriorated credit quality | 53 | 10 | 53 | 10 |
Loans at period end, Individually evaluated for impairment | 18,680 | 13,629 | 18,680 | 13,629 |
Loans at period end, Collectively evaluated for impairment | 430,443 | 369,012 | 430,443 | 369,012 |
Loans at period end, Loans acquired with deteriorated credit quality | 2,782 | 2,320 | 2,782 | 2,320 |
Premium finance receivables | ' | ' | ' | ' |
Financing Receivable, Allowance for Credit Losses [Roll Forward] | ' | ' | ' | ' |
Allowance for loan losses at beginning of period | 5,582 | 6,071 | 5,583 | 6,096 |
Other adjustments | 16 | -12 | 7 | -12 |
Reclassification from (to) allowance for unfunded lending-related commitments | 0 | 0 | 0 | 0 |
Charge-offs | -1,492 | -1,306 | -2,702 | -2,374 |
Recoveries | 314 | 279 | 635 | 573 |
Provision for credit losses | 1,889 | 236 | 2,786 | 985 |
Allowance for loan losses at period end | 6,309 | 5,268 | 6,309 | 5,268 |
Allowance for unfunded lending-related commitments at period end | 0 | 0 | 0 | 0 |
Allowance for credit losses at period end | 6,309 | 5,268 | 6,309 | 5,268 |
Allowance for credit losses at period end, Individually evaluated for impairment | 0 | 0 | 0 | 0 |
Allowance for credit losses at period end, Collectively evaluated for impairment | 6,309 | 5,268 | 6,309 | 5,268 |
Allowance for credit losses at period end, Loans acquired with deteriorated credit quality | 0 | 0 | 0 | 0 |
Loans at period end, Individually evaluated for impairment | 0 | 0 | 0 | 0 |
Loans at period end, Collectively evaluated for impairment | 4,020,414 | 3,512,431 | 4,020,414 | 3,512,431 |
Loans at period end, Loans acquired with deteriorated credit quality | 409,760 | 474,450 | 409,760 | 474,450 |
Consumer and other | ' | ' | ' | ' |
Financing Receivable, Allowance for Credit Losses [Roll Forward] | ' | ' | ' | ' |
Allowance for loan losses at beginning of period | 1,742 | 1,655 | 1,870 | 2,032 |
Other adjustments | 0 | 0 | 0 | 0 |
Reclassification from (to) allowance for unfunded lending-related commitments | 0 | 0 | 0 | 0 |
Charge-offs | -213 | -128 | -386 | -257 |
Recoveries | 153 | 61 | 214 | 170 |
Provision for credit losses | -129 | 269 | -145 | -88 |
Allowance for loan losses at period end | 1,553 | 1,857 | 1,553 | 1,857 |
Allowance for unfunded lending-related commitments at period end | 0 | 0 | 0 | 0 |
Allowance for credit losses at period end | 1,553 | 1,857 | 1,553 | 1,857 |
Allowance for credit losses at period end, Individually evaluated for impairment | 102 | 218 | 102 | 218 |
Allowance for credit losses at period end, Collectively evaluated for impairment | 1,451 | 1,639 | 1,451 | 1,639 |
Allowance for credit losses at period end, Loans acquired with deteriorated credit quality | 0 | 0 | 0 | 0 |
Loans at period end, Individually evaluated for impairment | 1,560 | 1,838 | 1,560 | 1,838 |
Loans at period end, Collectively evaluated for impairment | 158,615 | 170,055 | 158,615 | 170,055 |
Loans at period end, Loans acquired with deteriorated credit quality | $198 | $338 | $198 | $338 |
Allowance_for_Loan_Losses_Allo5
Allowance for Loan Losses, Allowance for Losses on Lending-Related Commitments and Impaired Loans Allowance for Loan Losses, Allowance for Losses on Lending-Related Commitments and Impaired Loans (Summary Of Activity In The Allowance For Covered Loan Losses) (Detail) (USD $) | 3 Months Ended | 6 Months Ended | ||
In Thousands, unless otherwise specified | Jun. 30, 2014 | Jun. 30, 2013 | Jun. 30, 2014 | Jun. 30, 2013 |
Allowance for Covered Loan Losses [Roll Forward] | ' | ' | ' | ' |
Balance at beginning of period | $3,447 | $12,272 | $10,092 | $13,454 |
Provision for covered loan losses before benefit attributable to FDIC loss share agreements | -764 | 1,246 | -7,885 | 2,846 |
Benefit attributable to FDIC loss share agreements | 611 | -997 | 6,308 | -2,277 |
Net provision for covered loan losses | -153 | 249 | -1,577 | 569 |
(Decrease) increase in FDIC indemnification asset | -611 | 997 | -6,308 | 2,277 |
Loans charged-off | -2,189 | -2,266 | -5,053 | -5,057 |
Recoveries of loans charged-off | 1,173 | 3,177 | 4,513 | 3,186 |
Net recoveries (charge-offs) | -1,016 | 911 | -540 | -1,871 |
Balance at end of period | $1,667 | $14,429 | $1,667 | $14,429 |
Allowance_for_Loan_Losses_Allo6
Allowance for Loan Losses, Allowance for Losses on Lending-Related Commitments and Impaired Loans Allowance for Loan Losses, Allowance for Losses on Lending-Related Commitments and Impaired Loans (Summary Of Impaired Loans, Including Restructured Loans) (Detail) (USD $) | Jun. 30, 2014 | Dec. 31, 2013 | Jun. 30, 2013 | |||
In Thousands, unless otherwise specified | ||||||
Financing Receivable, Impaired [Line Items] | ' | ' | ' | |||
Impaired loans with an allowance for loan loss required | $91,511 | [1] | $92,184 | [1] | $96,519 | [1] |
Impaired loans with no allowance for loan loss required | 45,734 | 70,045 | 93,629 | |||
Total impaired loans | 137,245 | [2] | 162,229 | [2] | 190,148 | [2] |
Allowance for loan losses related to impaired loans | 10,298 | 8,265 | 11,839 | |||
Financing Receivable [Member] | ' | ' | ' | |||
Financing Receivable, Impaired [Line Items] | ' | ' | ' | |||
Allowance for loan losses related to impaired loans | 4,900 | ' | ' | |||
TDRs | $88,107 | $107,103 | $126,196 | |||
[1] | These impaired loans require an allowance for loan losses because the estimated fair value of the loans or related collateral is less than the recorded investment in the loans. | |||||
[2] | Impaired loans are considered by the Company to be non-accrual loans, TDRs or loans with principal and/or interest at risk, even if the loan is current with all payments of principal and interest. |
Allowance_for_Loan_Losses_Allo7
Allowance for Loan Losses, Allowance for Losses on Lending-Related Commitments and Impaired Loans Allowance for Loan Losses, Allowance for Losses on Lending-Related Commitments and Impaired Loans (Summary Of Impaired Loans Eval For Impairment) (Detail) (USD $) | 6 Months Ended | 12 Months Ended | ||||
In Thousands, unless otherwise specified | Jun. 30, 2014 | Jun. 30, 2013 | Dec. 31, 2013 | |||
Financing Receivable, Impaired [Line Items] | ' | ' | ' | |||
Impaired Financing Receivable, with Related Allowance, Recorded Investment | $91,511 | [1] | $96,519 | [1] | $92,184 | [1] |
Related Allowance | 10,298 | 11,839 | 8,265 | |||
Impaired Financing Receivable, with No Related Allowance, Recorded Investment | 45,734 | 93,629 | 70,045 | |||
Recorded Investment | 137,245 | [2] | 190,148 | [2] | 162,229 | [2] |
Unpaid Principal Balance | 164,281 | 223,196 | 195,455 | |||
Average Recorded Investment | 142,960 | 194,249 | 170,658 | |||
Impaired Financing Receivable, Interest Income, Accrual Method | 3,790 | 5,044 | 8,920 | |||
Home equity | ' | ' | ' | |||
Financing Receivable, Impaired [Line Items] | ' | ' | ' | |||
Impaired Financing Receivable, with Related Allowance, Recorded Investment | 1,562 | 3,454 | 3,985 | |||
Impaired Financing Receivable, with Related Allowance, Unpaid Principal Balance | 1,616 | 4,857 | 5,238 | |||
Related Allowance | 636 | 1,060 | 1,593 | |||
Impaired Financing Receivable, with Related Allowance, Average Recorded Investment | 1,567 | 4,183 | 4,855 | |||
Impaired Financing Receivable, with Related Allowance, Interest Income, Accrual Method | 30 | 87 | 236 | |||
Impaired Financing Receivable, with No Related Allowance, Recorded Investment | 4,468 | 10,034 | 6,312 | |||
Impaired Financing Receivable, with No Related Allowance, Unpaid Principal Balance | 6,553 | 11,734 | 7,790 | |||
Impaired Financing Receivable, with No Related Allowance, Interest Income, Accrual Method | 138 | 235 | 324 | |||
Impaired Financing Receivable, with No Related Allowance, Average Recorded Investment | 4,842 | 10,012 | 6,307 | |||
Residential Portfolio Segment [Member] | ' | ' | ' | |||
Financing Receivable, Impaired [Line Items] | ' | ' | ' | |||
Impaired Financing Receivable, with Related Allowance, Recorded Investment | 5,997 | 3,155 | 6,876 | |||
Impaired Financing Receivable, with Related Allowance, Unpaid Principal Balance | 6,372 | 3,666 | 7,023 | |||
Related Allowance | 457 | 575 | 626 | |||
Impaired Financing Receivable, with Related Allowance, Average Recorded Investment | 5,914 | 2,905 | 6,335 | |||
Impaired Financing Receivable, with Related Allowance, Interest Income, Accrual Method | 140 | 62 | 273 | |||
Impaired Financing Receivable, with No Related Allowance, Recorded Investment | 12,422 | 10,207 | 10,761 | |||
Impaired Financing Receivable, with No Related Allowance, Unpaid Principal Balance | 15,538 | 10,860 | 13,585 | |||
Impaired Financing Receivable, with No Related Allowance, Interest Income, Accrual Method | 295 | 211 | 393 | |||
Impaired Financing Receivable, with No Related Allowance, Average Recorded Investment | 12,836 | 10,632 | 9,443 | |||
Consumer and other | ' | ' | ' | |||
Financing Receivable, Impaired [Line Items] | ' | ' | ' | |||
Impaired Financing Receivable, with Related Allowance, Recorded Investment | 304 | 646 | 267 | |||
Impaired Financing Receivable, with Related Allowance, Unpaid Principal Balance | 364 | 648 | 269 | |||
Related Allowance | 102 | 218 | 109 | |||
Impaired Financing Receivable, with Related Allowance, Average Recorded Investment | 308 | 650 | 273 | |||
Impaired Financing Receivable, with Related Allowance, Interest Income, Accrual Method | 8 | 17 | 11 | |||
Impaired Financing Receivable, with No Related Allowance, Recorded Investment | 1,256 | 1,192 | 1,322 | |||
Impaired Financing Receivable, with No Related Allowance, Unpaid Principal Balance | 1,775 | 1,736 | 1,865 | |||
Impaired Financing Receivable, with No Related Allowance, Interest Income, Accrual Method | 53 | 52 | 115 | |||
Impaired Financing Receivable, with No Related Allowance, Average Recorded Investment | 1,260 | 1,221 | 1,355 | |||
Commercial and industrial | Commercial Portfolio Segment [Member] | ' | ' | ' | |||
Financing Receivable, Impaired [Line Items] | ' | ' | ' | |||
Impaired Financing Receivable, with Related Allowance, Recorded Investment | 7,220 | 11,720 | 6,297 | |||
Impaired Financing Receivable, with Related Allowance, Unpaid Principal Balance | 10,152 | 13,429 | 7,001 | |||
Related Allowance | 1,631 | 4,561 | 1,078 | |||
Impaired Financing Receivable, with Related Allowance, Average Recorded Investment | 8,332 | 12,131 | 6,611 | |||
Impaired Financing Receivable, with Related Allowance, Interest Income, Accrual Method | 339 | 434 | 354 | |||
Impaired Financing Receivable, with No Related Allowance, Recorded Investment | 4,222 | 11,028 | 9,890 | |||
Impaired Financing Receivable, with No Related Allowance, Unpaid Principal Balance | 8,666 | 14,384 | 16,333 | |||
Impaired Financing Receivable, with No Related Allowance, Interest Income, Accrual Method | 219 | 393 | 1,043 | |||
Impaired Financing Receivable, with No Related Allowance, Average Recorded Investment | 4,591 | 12,155 | 13,928 | |||
Franchise [Member] | Commercial Portfolio Segment [Member] | ' | ' | ' | |||
Financing Receivable, Impaired [Line Items] | ' | ' | ' | |||
Impaired Financing Receivable, with Related Allowance, Recorded Investment | 0 | 0 | 0 | |||
Impaired Financing Receivable, with Related Allowance, Unpaid Principal Balance | 0 | 0 | 0 | |||
Related Allowance | 0 | 0 | 0 | |||
Impaired Financing Receivable, with Related Allowance, Average Recorded Investment | 0 | 0 | 0 | |||
Impaired Financing Receivable, with Related Allowance, Interest Income, Accrual Method | 0 | 0 | 0 | |||
Impaired Financing Receivable, with No Related Allowance, Recorded Investment | 0 | 0 | 0 | |||
Impaired Financing Receivable, with No Related Allowance, Unpaid Principal Balance | 0 | 0 | 0 | |||
Impaired Financing Receivable, with No Related Allowance, Interest Income, Accrual Method | 0 | 0 | 0 | |||
Impaired Financing Receivable, with No Related Allowance, Average Recorded Investment | 0 | 0 | 0 | |||
Mortgage Warehouse Line of Credit [Member] | Commercial Portfolio Segment [Member] | ' | ' | ' | |||
Financing Receivable, Impaired [Line Items] | ' | ' | ' | |||
Impaired Financing Receivable, with Related Allowance, Recorded Investment | 0 | 0 | 0 | |||
Impaired Financing Receivable, with Related Allowance, Unpaid Principal Balance | 0 | 0 | 0 | |||
Related Allowance | 0 | 0 | 0 | |||
Impaired Financing Receivable, with Related Allowance, Average Recorded Investment | 0 | 0 | 0 | |||
Impaired Financing Receivable, with Related Allowance, Interest Income, Accrual Method | 0 | 0 | 0 | |||
Impaired Financing Receivable, with No Related Allowance, Recorded Investment | 0 | 0 | 0 | |||
Impaired Financing Receivable, with No Related Allowance, Unpaid Principal Balance | 0 | 0 | 0 | |||
Impaired Financing Receivable, with No Related Allowance, Interest Income, Accrual Method | 0 | 0 | 0 | |||
Impaired Financing Receivable, with No Related Allowance, Average Recorded Investment | 0 | 0 | 0 | |||
Community Advanatage Homeowners Association [Member] | Commercial Portfolio Segment [Member] | ' | ' | ' | |||
Financing Receivable, Impaired [Line Items] | ' | ' | ' | |||
Impaired Financing Receivable, with Related Allowance, Recorded Investment | 0 | 0 | 0 | |||
Impaired Financing Receivable, with Related Allowance, Unpaid Principal Balance | 0 | 0 | 0 | |||
Related Allowance | 0 | 0 | 0 | |||
Impaired Financing Receivable, with Related Allowance, Average Recorded Investment | 0 | 0 | 0 | |||
Impaired Financing Receivable, with Related Allowance, Interest Income, Accrual Method | 0 | 0 | 0 | |||
Impaired Financing Receivable, with No Related Allowance, Recorded Investment | 0 | 0 | 0 | |||
Impaired Financing Receivable, with No Related Allowance, Unpaid Principal Balance | 0 | 0 | 0 | |||
Impaired Financing Receivable, with No Related Allowance, Interest Income, Accrual Method | 0 | 0 | 0 | |||
Impaired Financing Receivable, with No Related Allowance, Average Recorded Investment | 0 | 0 | 0 | |||
Aircraft Loan [Member] | Commercial Portfolio Segment [Member] | ' | ' | ' | |||
Financing Receivable, Impaired [Line Items] | ' | ' | ' | |||
Impaired Financing Receivable, with Related Allowance, Recorded Investment | 0 | 0 | 0 | |||
Impaired Financing Receivable, with Related Allowance, Unpaid Principal Balance | 0 | 0 | 0 | |||
Related Allowance | 0 | 0 | 0 | |||
Impaired Financing Receivable, with Related Allowance, Average Recorded Investment | 0 | 0 | 0 | |||
Impaired Financing Receivable, with Related Allowance, Interest Income, Accrual Method | 0 | 0 | 0 | |||
Impaired Financing Receivable, with No Related Allowance, Recorded Investment | 0 | 0 | 0 | |||
Impaired Financing Receivable, with No Related Allowance, Unpaid Principal Balance | 0 | 0 | 0 | |||
Impaired Financing Receivable, with No Related Allowance, Interest Income, Accrual Method | 0 | 0 | 0 | |||
Impaired Financing Receivable, with No Related Allowance, Average Recorded Investment | 0 | 0 | 0 | |||
Asset Based Lending [Member] | Commercial Portfolio Segment [Member] | ' | ' | ' | |||
Financing Receivable, Impaired [Line Items] | ' | ' | ' | |||
Impaired Financing Receivable, with Related Allowance, Recorded Investment | 270 | 1,803 | 282 | |||
Impaired Financing Receivable, with Related Allowance, Unpaid Principal Balance | 290 | 1,810 | 294 | |||
Related Allowance | 270 | 988 | 282 | |||
Impaired Financing Receivable, with Related Allowance, Average Recorded Investment | 275 | 1,721 | 295 | |||
Impaired Financing Receivable, with Related Allowance, Interest Income, Accrual Method | 7 | 46 | 14 | |||
Impaired Financing Receivable, with No Related Allowance, Recorded Investment | 25 | 12 | 354 | |||
Impaired Financing Receivable, with No Related Allowance, Unpaid Principal Balance | 1,952 | 1,352 | 2,311 | |||
Impaired Financing Receivable, with No Related Allowance, Interest Income, Accrual Method | 50 | 36 | 121 | |||
Impaired Financing Receivable, with No Related Allowance, Average Recorded Investment | 150 | 19 | 2,162 | |||
Tax Exempt [Member] | Commercial Portfolio Segment [Member] | ' | ' | ' | |||
Financing Receivable, Impaired [Line Items] | ' | ' | ' | |||
Impaired Financing Receivable, with Related Allowance, Recorded Investment | 0 | 0 | 0 | |||
Impaired Financing Receivable, with Related Allowance, Unpaid Principal Balance | 0 | 0 | 0 | |||
Related Allowance | 0 | 0 | 0 | |||
Impaired Financing Receivable, with Related Allowance, Average Recorded Investment | 0 | 0 | 0 | |||
Impaired Financing Receivable, with Related Allowance, Interest Income, Accrual Method | 0 | 0 | 0 | |||
Impaired Financing Receivable, with No Related Allowance, Recorded Investment | 0 | 0 | 0 | |||
Impaired Financing Receivable, with No Related Allowance, Unpaid Principal Balance | 0 | 0 | 0 | |||
Impaired Financing Receivable, with No Related Allowance, Interest Income, Accrual Method | 0 | 0 | 0 | |||
Impaired Financing Receivable, with No Related Allowance, Average Recorded Investment | 0 | 0 | 0 | |||
Leases [Member] | Commercial Portfolio Segment [Member] | ' | ' | ' | |||
Financing Receivable, Impaired [Line Items] | ' | ' | ' | |||
Impaired Financing Receivable, with Related Allowance, Recorded Investment | 0 | 0 | 0 | |||
Impaired Financing Receivable, with Related Allowance, Unpaid Principal Balance | 0 | 0 | 0 | |||
Related Allowance | 0 | 0 | 0 | |||
Impaired Financing Receivable, with Related Allowance, Average Recorded Investment | 0 | 0 | 0 | |||
Impaired Financing Receivable, with Related Allowance, Interest Income, Accrual Method | 0 | 0 | 0 | |||
Impaired Financing Receivable, with No Related Allowance, Recorded Investment | 0 | 0 | 0 | |||
Impaired Financing Receivable, with No Related Allowance, Unpaid Principal Balance | 0 | 0 | 0 | |||
Impaired Financing Receivable, with No Related Allowance, Interest Income, Accrual Method | 0 | 0 | 0 | |||
Impaired Financing Receivable, with No Related Allowance, Average Recorded Investment | 0 | 0 | 0 | |||
Other Receivables [Member] | Commercial Portfolio Segment [Member] | ' | ' | ' | |||
Financing Receivable, Impaired [Line Items] | ' | ' | ' | |||
Impaired Financing Receivable, with Related Allowance, Recorded Investment | 0 | 0 | 0 | |||
Impaired Financing Receivable, with Related Allowance, Unpaid Principal Balance | 0 | 0 | 0 | |||
Related Allowance | 0 | 0 | 0 | |||
Impaired Financing Receivable, with Related Allowance, Average Recorded Investment | 0 | 0 | 0 | |||
Impaired Financing Receivable, with Related Allowance, Interest Income, Accrual Method | 0 | 0 | 0 | |||
Impaired Financing Receivable, with No Related Allowance, Recorded Investment | 0 | 0 | 0 | |||
Impaired Financing Receivable, with No Related Allowance, Unpaid Principal Balance | 0 | 0 | 0 | |||
Impaired Financing Receivable, with No Related Allowance, Interest Income, Accrual Method | 0 | 0 | 0 | |||
Impaired Financing Receivable, with No Related Allowance, Average Recorded Investment | 0 | 0 | 0 | |||
Residential Construction [Member] | Commercial Real Estate Portfolio Segment [Member] | ' | ' | ' | |||
Financing Receivable, Impaired [Line Items] | ' | ' | ' | |||
Impaired Financing Receivable, with Related Allowance, Recorded Investment | 0 | 1,528 | 0 | |||
Impaired Financing Receivable, with Related Allowance, Unpaid Principal Balance | 0 | 1,615 | 0 | |||
Related Allowance | 0 | 403 | 0 | |||
Impaired Financing Receivable, with Related Allowance, Average Recorded Investment | 0 | 1,547 | 0 | |||
Impaired Financing Receivable, with Related Allowance, Interest Income, Accrual Method | 0 | 33 | 0 | |||
Impaired Financing Receivable, with No Related Allowance, Recorded Investment | 0 | 4,100 | 1,463 | |||
Impaired Financing Receivable, with No Related Allowance, Unpaid Principal Balance | 0 | 4,481 | 1,530 | |||
Impaired Financing Receivable, with No Related Allowance, Interest Income, Accrual Method | 0 | 81 | 64 | |||
Impaired Financing Receivable, with No Related Allowance, Average Recorded Investment | 0 | 3,782 | 1,609 | |||
Commercial Real Estate Construction Financing Receivable [Member] | Commercial Real Estate Portfolio Segment [Member] | ' | ' | ' | |||
Financing Receivable, Impaired [Line Items] | ' | ' | ' | |||
Impaired Financing Receivable, with Related Allowance, Recorded Investment | 2,146 | 10,591 | 3,099 | |||
Impaired Financing Receivable, with Related Allowance, Unpaid Principal Balance | 2,156 | 10,591 | 3,099 | |||
Related Allowance | 128 | 67 | 18 | |||
Impaired Financing Receivable, with Related Allowance, Average Recorded Investment | 2,150 | 10,853 | 3,098 | |||
Impaired Financing Receivable, with Related Allowance, Interest Income, Accrual Method | 44 | 207 | 115 | |||
Impaired Financing Receivable, with No Related Allowance, Recorded Investment | 1,031 | 8,377 | 7,710 | |||
Impaired Financing Receivable, with No Related Allowance, Unpaid Principal Balance | 1,031 | 13,410 | 13,227 | |||
Impaired Financing Receivable, with No Related Allowance, Interest Income, Accrual Method | 23 | 357 | 722 | |||
Impaired Financing Receivable, with No Related Allowance, Average Recorded Investment | 1,051 | 11,508 | 9,680 | |||
Land Loans [Member] | Commercial Real Estate Portfolio Segment [Member] | ' | ' | ' | |||
Financing Receivable, Impaired [Line Items] | ' | ' | ' | |||
Impaired Financing Receivable, with Related Allowance, Recorded Investment | 11,687 | 8,713 | 10,518 | |||
Impaired Financing Receivable, with Related Allowance, Unpaid Principal Balance | 15,538 | 8,894 | 11,871 | |||
Related Allowance | 363 | 173 | 259 | |||
Impaired Financing Receivable, with Related Allowance, Average Recorded Investment | 11,876 | 7,281 | 10,323 | |||
Impaired Financing Receivable, with Related Allowance, Interest Income, Accrual Method | 378 | 117 | 411 | |||
Impaired Financing Receivable, with No Related Allowance, Recorded Investment | 3,917 | 8,195 | 5,035 | |||
Impaired Financing Receivable, with No Related Allowance, Unpaid Principal Balance | 4,958 | 13,910 | 8,813 | |||
Impaired Financing Receivable, with No Related Allowance, Interest Income, Accrual Method | 131 | 331 | 418 | |||
Impaired Financing Receivable, with No Related Allowance, Average Recorded Investment | 5,657 | 9,791 | 5,384 | |||
Office Building Loans [Member] | Commercial Real Estate Portfolio Segment [Member] | ' | ' | ' | |||
Financing Receivable, Impaired [Line Items] | ' | ' | ' | |||
Impaired Financing Receivable, with Related Allowance, Recorded Investment | 14,403 | 9,306 | 7,792 | |||
Impaired Financing Receivable, with Related Allowance, Unpaid Principal Balance | 15,159 | 9,411 | 8,444 | |||
Related Allowance | 2,664 | 685 | 1,253 | |||
Impaired Financing Receivable, with Related Allowance, Average Recorded Investment | 14,517 | 9,385 | 8,148 | |||
Impaired Financing Receivable, with Related Allowance, Interest Income, Accrual Method | 335 | 170 | 333 | |||
Impaired Financing Receivable, with No Related Allowance, Recorded Investment | 2,598 | 7,442 | 10,379 | |||
Impaired Financing Receivable, with No Related Allowance, Unpaid Principal Balance | 2,599 | 9,171 | 11,717 | |||
Impaired Financing Receivable, with No Related Allowance, Interest Income, Accrual Method | 73 | 237 | 610 | |||
Impaired Financing Receivable, with No Related Allowance, Average Recorded Investment | 2,605 | 8,581 | 10,925 | |||
Industrial Loans [Member] | Commercial Real Estate Portfolio Segment [Member] | ' | ' | ' | |||
Financing Receivable, Impaired [Line Items] | ' | ' | ' | |||
Impaired Financing Receivable, with Related Allowance, Recorded Investment | 3,349 | 4,165 | 3,385 | |||
Impaired Financing Receivable, with Related Allowance, Unpaid Principal Balance | 3,455 | 5,226 | 3,506 | |||
Related Allowance | 227 | 203 | 193 | |||
Impaired Financing Receivable, with Related Allowance, Average Recorded Investment | 3,372 | 5,047 | 3,638 | |||
Impaired Financing Receivable, with Related Allowance, Interest Income, Accrual Method | 76 | 159 | 179 | |||
Impaired Financing Receivable, with No Related Allowance, Recorded Investment | 3,603 | 5,178 | 5,087 | |||
Impaired Financing Receivable, with No Related Allowance, Unpaid Principal Balance | 3,839 | 5,321 | 5,267 | |||
Impaired Financing Receivable, with No Related Allowance, Interest Income, Accrual Method | 95 | 141 | 328 | |||
Impaired Financing Receivable, with No Related Allowance, Average Recorded Investment | 3,155 | 5,234 | 5,160 | |||
Retail Loan [Member] | Commercial Real Estate Portfolio Segment [Member] | ' | ' | ' | |||
Financing Receivable, Impaired [Line Items] | ' | ' | ' | |||
Impaired Financing Receivable, with Related Allowance, Recorded Investment | 14,320 | 12,730 | 17,511 | |||
Impaired Financing Receivable, with Related Allowance, Unpaid Principal Balance | 14,733 | 12,730 | 17,638 | |||
Related Allowance | 1,590 | 152 | 1,253 | |||
Impaired Financing Receivable, with Related Allowance, Average Recorded Investment | 14,343 | 12,675 | 17,678 | |||
Impaired Financing Receivable, with Related Allowance, Interest Income, Accrual Method | 304 | 254 | 724 | |||
Impaired Financing Receivable, with No Related Allowance, Recorded Investment | 6,422 | 16,114 | 7,047 | |||
Impaired Financing Receivable, with No Related Allowance, Unpaid Principal Balance | 7,813 | 17,374 | 8,610 | |||
Impaired Financing Receivable, with No Related Allowance, Interest Income, Accrual Method | 188 | 406 | 400 | |||
Impaired Financing Receivable, with No Related Allowance, Average Recorded Investment | 6,456 | 15,512 | 8,462 | |||
Multi Family [Member] | Commercial Real Estate Portfolio Segment [Member] | ' | ' | ' | |||
Financing Receivable, Impaired [Line Items] | ' | ' | ' | |||
Impaired Financing Receivable, with Related Allowance, Recorded Investment | 2,835 | 4,712 | 3,237 | |||
Impaired Financing Receivable, with Related Allowance, Unpaid Principal Balance | 3,349 | 5,173 | 3,730 | |||
Related Allowance | 119 | 1,068 | 235 | |||
Impaired Financing Receivable, with Related Allowance, Average Recorded Investment | 2,857 | 4,824 | 2,248 | |||
Impaired Financing Receivable, with Related Allowance, Interest Income, Accrual Method | 73 | 112 | 139 | |||
Impaired Financing Receivable, with No Related Allowance, Recorded Investment | 440 | 894 | 608 | |||
Impaired Financing Receivable, with No Related Allowance, Unpaid Principal Balance | 966 | 3,009 | 1,030 | |||
Impaired Financing Receivable, with No Related Allowance, Interest Income, Accrual Method | 22 | 74 | 47 | |||
Impaired Financing Receivable, with No Related Allowance, Average Recorded Investment | 497 | 1,235 | 903 | |||
Mixed Use And Other [Member] | Commercial Real Estate Portfolio Segment [Member] | ' | ' | ' | |||
Financing Receivable, Impaired [Line Items] | ' | ' | ' | |||
Impaired Financing Receivable, with Related Allowance, Recorded Investment | 27,418 | 23,996 | 28,935 | |||
Impaired Financing Receivable, with Related Allowance, Unpaid Principal Balance | 27,565 | 24,940 | 29,051 | |||
Related Allowance | 2,111 | 1,686 | 1,366 | |||
Impaired Financing Receivable, with Related Allowance, Average Recorded Investment | 28,474 | 21,742 | 26,792 | |||
Impaired Financing Receivable, with Related Allowance, Interest Income, Accrual Method | 551 | 499 | 1,194 | |||
Impaired Financing Receivable, with No Related Allowance, Recorded Investment | 5,330 | 10,856 | 4,077 | |||
Impaired Financing Receivable, with No Related Allowance, Unpaid Principal Balance | 7,842 | 13,464 | 6,213 | |||
Impaired Financing Receivable, with No Related Allowance, Interest Income, Accrual Method | 218 | 293 | 352 | |||
Impaired Financing Receivable, with No Related Allowance, Average Recorded Investment | 5,875 | 9,623 | 5,046 | |||
Commercial Insurance Loans [Member] | Premium finance receivables | ' | ' | ' | |||
Financing Receivable, Impaired [Line Items] | ' | ' | ' | |||
Impaired Financing Receivable, with Related Allowance, Recorded Investment | 0 | 0 | 0 | |||
Impaired Financing Receivable, with Related Allowance, Unpaid Principal Balance | 0 | 0 | 0 | |||
Related Allowance | 0 | 0 | 0 | |||
Impaired Financing Receivable, with Related Allowance, Average Recorded Investment | 0 | 0 | 0 | |||
Impaired Financing Receivable, with Related Allowance, Interest Income, Accrual Method | 0 | 0 | 0 | |||
Impaired Financing Receivable, with No Related Allowance, Recorded Investment | 0 | 0 | 0 | |||
Impaired Financing Receivable, with No Related Allowance, Unpaid Principal Balance | 0 | 0 | 0 | |||
Impaired Financing Receivable, with No Related Allowance, Interest Income, Accrual Method | 0 | 0 | 0 | |||
Impaired Financing Receivable, with No Related Allowance, Average Recorded Investment | 0 | 0 | 0 | |||
Life Insurance Loans [Member] | Premium finance receivables | ' | ' | ' | |||
Financing Receivable, Impaired [Line Items] | ' | ' | ' | |||
Impaired Financing Receivable, with Related Allowance, Recorded Investment | 0 | 0 | 0 | |||
Impaired Financing Receivable, with Related Allowance, Unpaid Principal Balance | 0 | 0 | 0 | |||
Related Allowance | 0 | 0 | 0 | |||
Impaired Financing Receivable, with Related Allowance, Average Recorded Investment | 0 | 0 | 0 | |||
Impaired Financing Receivable, with Related Allowance, Interest Income, Accrual Method | 0 | 0 | 0 | |||
Impaired Financing Receivable, with No Related Allowance, Recorded Investment | 0 | 0 | 0 | |||
Impaired Financing Receivable, with No Related Allowance, Unpaid Principal Balance | 0 | 0 | 0 | |||
Impaired Financing Receivable, with No Related Allowance, Interest Income, Accrual Method | 0 | 0 | 0 | |||
Impaired Financing Receivable, with No Related Allowance, Average Recorded Investment | 0 | 0 | 0 | |||
Purchased Life Insurance Loans [Member] | Premium finance receivables | ' | ' | ' | |||
Financing Receivable, Impaired [Line Items] | ' | ' | ' | |||
Impaired Financing Receivable, with Related Allowance, Recorded Investment | 0 | 0 | 0 | |||
Impaired Financing Receivable, with Related Allowance, Unpaid Principal Balance | 0 | 0 | 0 | |||
Related Allowance | 0 | 0 | 0 | |||
Impaired Financing Receivable, with Related Allowance, Average Recorded Investment | 0 | 0 | 0 | |||
Impaired Financing Receivable, with Related Allowance, Interest Income, Accrual Method | 0 | 0 | 0 | |||
Impaired Financing Receivable, with No Related Allowance, Recorded Investment | 0 | 0 | 0 | |||
Impaired Financing Receivable, with No Related Allowance, Unpaid Principal Balance | 0 | 0 | 0 | |||
Impaired Financing Receivable, with No Related Allowance, Interest Income, Accrual Method | 0 | 0 | 0 | |||
Impaired Financing Receivable, with No Related Allowance, Average Recorded Investment | $0 | $0 | $0 | |||
[1] | These impaired loans require an allowance for loan losses because the estimated fair value of the loans or related collateral is less than the recorded investment in the loans. | |||||
[2] | Impaired loans are considered by the Company to be non-accrual loans, TDRs or loans with principal and/or interest at risk, even if the loan is current with all payments of principal and interest. |
Allowance_for_Loan_Losses_Allo8
Allowance for Loan Losses, Allowance for Losses on Lending-Related Commitments and Impaired Loans Allowance for Loan Losses, Allowance for Losses on Lending-Related Commitments and Impaired Loans (Summary Of The Post-Modification Balance Of Loans Restructured) (Detail) (USD $) | 3 Months Ended | 6 Months Ended | 12 Months Ended | |||||||||
In Thousands, unless otherwise specified | Jun. 30, 2014 | Jun. 30, 2013 | Jun. 30, 2014 | Jun. 30, 2013 | Jun. 30, 2014 | Jun. 30, 2013 | ||||||
contracts | contracts | contracts | contracts | contracts | contracts | |||||||
Financing Receivable, Modifications [Line Items] | ' | ' | ' | ' | ' | ' | ||||||
Restructured loans | $2,240 | [1],[2] | $14,468 | [1],[2] | $7,485 | [1],[2] | $16,745 | [1],[2] | $13,420 | [1],[3] | $28,921 | [1],[3] |
Payments in Default, Count | 6 | [1],[4] | 14 | [1],[4] | 6 | [1],[4] | 14 | [1],[4] | ' | ' | ||
Payments in Default, Balance | 4,176 | [1],[4] | 4,562 | [1],[4] | 4,176 | [1],[4] | 4,562 | [1],[4] | ' | ' | ||
Troubled debt restructuring modifications, number of count | 7 | [1],[2] | 12 | [1],[2] | 13 | [1],[2] | 26 | [1],[2] | 22 | [1],[3] | 51 | [1],[3] |
Extension at Below Market Terms [Member] | ' | ' | ' | ' | ' | ' | ||||||
Financing Receivable, Modifications [Line Items] | ' | ' | ' | ' | ' | ' | ||||||
Restructured loans | 1,243 | [1] | 14,092 | [1] | 5,215 | [1] | 15,927 | [1] | ' | ' | ||
Troubled debt restructuring modifications, number of count | 3 | [1] | 10 | [1] | 8 | [1] | 21 | [1] | ' | ' | ||
Reduction of Interest Rate [Member] | ' | ' | ' | ' | ' | ' | ||||||
Financing Receivable, Modifications [Line Items] | ' | ' | ' | ' | ' | ' | ||||||
Restructured loans | 1,230 | [1] | 4,883 | [1] | 5,107 | [1] | 6,989 | [1] | ' | ' | ||
Troubled debt restructuring modifications, number of count | 5 | [1] | 6 | [1] | 8 | [1] | 17 | [1] | ' | ' | ||
Modification to Interest Only Payments [Member] | ' | ' | ' | ' | ' | ' | ||||||
Financing Receivable, Modifications [Line Items] | ' | ' | ' | ' | ' | ' | ||||||
Restructured loans | 220 | [1] | 6,231 | [1] | 2,659 | [1] | 6,539 | [1] | ' | ' | ||
Troubled debt restructuring modifications, number of count | 1 | [1] | 4 | [1] | 4 | [1] | 7 | [1] | ' | ' | ||
Forgiveness of Debt [Member] | ' | ' | ' | ' | ' | ' | ||||||
Financing Receivable, Modifications [Line Items] | ' | ' | ' | ' | ' | ' | ||||||
Restructured loans | 0 | [1] | 0 | [1] | 0 | [1] | 73 | [1] | ' | ' | ||
Troubled debt restructuring modifications, number of count | 0 | [1] | 0 | [1] | 0 | [1] | 1 | [1] | ' | ' | ||
Residential Real Estate And Other [Member] | ' | ' | ' | ' | ' | ' | ||||||
Financing Receivable, Modifications [Line Items] | ' | ' | ' | ' | ' | ' | ||||||
Restructured loans | 220 | [1],[2] | 401 | [1],[2] | 220 | [1],[2] | 778 | [1],[2] | 1,738 | [1],[3] | 1,341 | [1],[3] |
Payments in Default, Count | 1 | [1],[4] | 5 | [1],[4] | 1 | [1],[4] | 5 | [1],[4] | ' | ' | ||
Payments in Default, Balance | 169 | [1],[4] | 563 | [1],[4] | 169 | [1],[4] | 563 | [1],[4] | ' | ' | ||
Troubled debt restructuring modifications, number of count | 1 | [1],[2] | 3 | [1],[2] | 1 | [1],[2] | 7 | [1],[2] | 4 | [1],[3] | 12 | [1],[3] |
Residential Real Estate And Other [Member] | Extension at Below Market Terms [Member] | ' | ' | ' | ' | ' | ' | ||||||
Financing Receivable, Modifications [Line Items] | ' | ' | ' | ' | ' | ' | ||||||
Restructured loans | 220 | [1] | 25 | [1] | 220 | [1] | 95 | [1] | ' | ' | ||
Troubled debt restructuring modifications, number of count | 1 | [1] | 1 | [1] | 1 | [1] | 3 | [1] | ' | ' | ||
Residential Real Estate And Other [Member] | Reduction of Interest Rate [Member] | ' | ' | ' | ' | ' | ' | ||||||
Financing Receivable, Modifications [Line Items] | ' | ' | ' | ' | ' | ' | ||||||
Restructured loans | 0 | [1] | 401 | [1] | 0 | [1] | 762 | [1] | ' | ' | ||
Troubled debt restructuring modifications, number of count | 0 | [1] | 3 | [1] | 0 | [1] | 6 | [1] | ' | ' | ||
Residential Real Estate And Other [Member] | Modification to Interest Only Payments [Member] | ' | ' | ' | ' | ' | ' | ||||||
Financing Receivable, Modifications [Line Items] | ' | ' | ' | ' | ' | ' | ||||||
Restructured loans | 220 | [1] | 111 | [1] | 220 | [1] | 234 | [1] | ' | ' | ||
Troubled debt restructuring modifications, number of count | 1 | [1] | 1 | [1] | 1 | [1] | 2 | [1] | ' | ' | ||
Residential Real Estate And Other [Member] | Forgiveness of Debt [Member] | ' | ' | ' | ' | ' | ' | ||||||
Financing Receivable, Modifications [Line Items] | ' | ' | ' | ' | ' | ' | ||||||
Restructured loans | 0 | [1] | 0 | [1] | 0 | [1] | 0 | [1] | ' | ' | ||
Troubled debt restructuring modifications, number of count | 0 | [1] | 0 | [1] | 0 | [1] | 0 | [1] | ' | ' | ||
Commercial and industrial | Commercial Portfolio Segment [Member] | ' | ' | ' | ' | ' | ' | ||||||
Financing Receivable, Modifications [Line Items] | ' | ' | ' | ' | ' | ' | ||||||
Restructured loans | 0 | [1],[2] | 0 | [1],[2] | 88 | [1],[2] | 708 | [1],[2] | 88 | [1],[3] | 2,136 | [1],[3] |
Payments in Default, Count | 0 | [1],[4] | 3 | [1],[4] | 0 | [1],[4] | 3 | [1],[4] | ' | ' | ||
Payments in Default, Balance | 0 | [1],[4] | 236 | [1],[4] | 0 | [1],[4] | 236 | [1],[4] | ' | ' | ||
Troubled debt restructuring modifications, number of count | 0 | [1],[2] | 0 | [1],[2] | 1 | [1],[2] | 6 | [1],[2] | 1 | [1],[3] | 11 | [1],[3] |
Commercial and industrial | Commercial Portfolio Segment [Member] | Extension at Below Market Terms [Member] | ' | ' | ' | ' | ' | ' | ||||||
Financing Receivable, Modifications [Line Items] | ' | ' | ' | ' | ' | ' | ||||||
Restructured loans | 0 | [1] | 0 | [1] | 88 | [1] | 573 | [1] | ' | ' | ||
Troubled debt restructuring modifications, number of count | 0 | [1] | 0 | [1] | 1 | [1] | 5 | [1] | ' | ' | ||
Commercial and industrial | Commercial Portfolio Segment [Member] | Reduction of Interest Rate [Member] | ' | ' | ' | ' | ' | ' | ||||||
Financing Receivable, Modifications [Line Items] | ' | ' | ' | ' | ' | ' | ||||||
Restructured loans | 0 | [1] | 0 | [1] | 0 | [1] | 553 | [1] | ' | ' | ||
Troubled debt restructuring modifications, number of count | 0 | [1] | 0 | [1] | 0 | [1] | 4 | [1] | ' | ' | ||
Commercial and industrial | Commercial Portfolio Segment [Member] | Modification to Interest Only Payments [Member] | ' | ' | ' | ' | ' | ' | ||||||
Financing Receivable, Modifications [Line Items] | ' | ' | ' | ' | ' | ' | ||||||
Restructured loans | 0 | [1] | 0 | [1] | 88 | [1] | 185 | [1] | ' | ' | ||
Troubled debt restructuring modifications, number of count | 0 | [1] | 0 | [1] | 1 | [1] | 2 | [1] | ' | ' | ||
Commercial and industrial | Commercial Portfolio Segment [Member] | Forgiveness of Debt [Member] | ' | ' | ' | ' | ' | ' | ||||||
Financing Receivable, Modifications [Line Items] | ' | ' | ' | ' | ' | ' | ||||||
Restructured loans | 0 | [1] | 0 | [1] | 0 | [1] | 0 | [1] | ' | ' | ||
Troubled debt restructuring modifications, number of count | 0 | [1] | 0 | [1] | 0 | [1] | 0 | [1] | ' | ' | ||
Commercial Real Estate Construction Financing Receivable [Member] | Commercial Real Estate Portfolio Segment [Member] | ' | ' | ' | ' | ' | ' | ||||||
Financing Receivable, Modifications [Line Items] | ' | ' | ' | ' | ' | ' | ||||||
Restructured loans | 0 | [1],[2] | 6,120 | [1],[2] | 0 | [1],[2] | 6,120 | [1],[2] | 0 | [1],[3] | 6,120 | [1],[3] |
Payments in Default, Count | 0 | [1],[4] | 0 | [1],[4] | 0 | [1],[4] | 0 | [1],[4] | ' | ' | ||
Payments in Default, Balance | 0 | [1],[4] | 0 | [1],[4] | 0 | [1],[4] | 0 | [1],[4] | ' | ' | ||
Troubled debt restructuring modifications, number of count | 0 | [1],[2] | 3 | [1],[2] | 0 | [1],[2] | 3 | [1],[2] | 0 | [1],[3] | 3 | [1],[3] |
Commercial Real Estate Construction Financing Receivable [Member] | Commercial Real Estate Portfolio Segment [Member] | Extension at Below Market Terms [Member] | ' | ' | ' | ' | ' | ' | ||||||
Financing Receivable, Modifications [Line Items] | ' | ' | ' | ' | ' | ' | ||||||
Restructured loans | 0 | [1] | 6,120 | [1] | 0 | [1] | 6,120 | [1] | ' | ' | ||
Troubled debt restructuring modifications, number of count | 0 | [1] | 3 | [1] | 0 | [1] | 3 | [1] | ' | ' | ||
Commercial Real Estate Construction Financing Receivable [Member] | Commercial Real Estate Portfolio Segment [Member] | Reduction of Interest Rate [Member] | ' | ' | ' | ' | ' | ' | ||||||
Financing Receivable, Modifications [Line Items] | ' | ' | ' | ' | ' | ' | ||||||
Restructured loans | 0 | [1] | 0 | [1] | 0 | [1] | 0 | [1] | ' | ' | ||
Troubled debt restructuring modifications, number of count | 0 | [1] | 0 | [1] | 0 | [1] | 0 | [1] | ' | ' | ||
Commercial Real Estate Construction Financing Receivable [Member] | Commercial Real Estate Portfolio Segment [Member] | Modification to Interest Only Payments [Member] | ' | ' | ' | ' | ' | ' | ||||||
Financing Receivable, Modifications [Line Items] | ' | ' | ' | ' | ' | ' | ||||||
Restructured loans | 0 | [1] | 6,120 | [1] | 0 | [1] | 6,120 | [1] | ' | ' | ||
Troubled debt restructuring modifications, number of count | 0 | [1] | 3 | [1] | 0 | [1] | 3 | [1] | ' | ' | ||
Commercial Real Estate Construction Financing Receivable [Member] | Commercial Real Estate Portfolio Segment [Member] | Forgiveness of Debt [Member] | ' | ' | ' | ' | ' | ' | ||||||
Financing Receivable, Modifications [Line Items] | ' | ' | ' | ' | ' | ' | ||||||
Restructured loans | 0 | [1] | 0 | [1] | 0 | [1] | 0 | [1] | ' | ' | ||
Troubled debt restructuring modifications, number of count | 0 | [1] | 0 | [1] | 0 | [1] | 0 | [1] | ' | ' | ||
Land Loans [Member] | Commercial Real Estate Portfolio Segment [Member] | ' | ' | ' | ' | ' | ' | ||||||
Financing Receivable, Modifications [Line Items] | ' | ' | ' | ' | ' | ' | ||||||
Restructured loans | 0 | [1],[2] | 0 | [1],[2] | 0 | [1],[2] | 287 | [1],[2] | 2,352 | [1],[3] | 287 | [1],[3] |
Payments in Default, Count | 1 | [1],[4] | 0 | [1],[4] | 1 | [1],[4] | 0 | [1],[4] | ' | ' | ||
Payments in Default, Balance | 2,352 | [1],[4] | 0 | [1],[4] | 2,352 | [1],[4] | 0 | [1],[4] | ' | ' | ||
Troubled debt restructuring modifications, number of count | 0 | [1],[2] | 0 | [1],[2] | 0 | [1],[2] | 2 | [1],[2] | 1 | [1],[3] | 2 | [1],[3] |
Land Loans [Member] | Commercial Real Estate Portfolio Segment [Member] | Extension at Below Market Terms [Member] | ' | ' | ' | ' | ' | ' | ||||||
Financing Receivable, Modifications [Line Items] | ' | ' | ' | ' | ' | ' | ||||||
Restructured loans | 0 | [1] | 0 | [1] | 0 | [1] | 287 | [1] | ' | ' | ||
Troubled debt restructuring modifications, number of count | 0 | [1] | 0 | [1] | 0 | [1] | 2 | [1] | ' | ' | ||
Land Loans [Member] | Commercial Real Estate Portfolio Segment [Member] | Reduction of Interest Rate [Member] | ' | ' | ' | ' | ' | ' | ||||||
Financing Receivable, Modifications [Line Items] | ' | ' | ' | ' | ' | ' | ||||||
Restructured loans | 0 | [1] | 0 | [1] | 0 | [1] | 287 | [1] | ' | ' | ||
Troubled debt restructuring modifications, number of count | 0 | [1] | 0 | [1] | 0 | [1] | 2 | [1] | ' | ' | ||
Land Loans [Member] | Commercial Real Estate Portfolio Segment [Member] | Modification to Interest Only Payments [Member] | ' | ' | ' | ' | ' | ' | ||||||
Financing Receivable, Modifications [Line Items] | ' | ' | ' | ' | ' | ' | ||||||
Restructured loans | 0 | [1] | 0 | [1] | 0 | [1] | 0 | [1] | ' | ' | ||
Troubled debt restructuring modifications, number of count | 0 | [1] | 0 | [1] | 0 | [1] | 0 | [1] | ' | ' | ||
Land Loans [Member] | Commercial Real Estate Portfolio Segment [Member] | Forgiveness of Debt [Member] | ' | ' | ' | ' | ' | ' | ||||||
Financing Receivable, Modifications [Line Items] | ' | ' | ' | ' | ' | ' | ||||||
Restructured loans | 0 | [1] | 0 | [1] | 0 | [1] | 73 | [1] | ' | ' | ||
Troubled debt restructuring modifications, number of count | 0 | [1] | 0 | [1] | 0 | [1] | 1 | [1] | ' | ' | ||
Office Building Loans [Member] | Commercial Real Estate Portfolio Segment [Member] | ' | ' | ' | ' | ' | ' | ||||||
Financing Receivable, Modifications [Line Items] | ' | ' | ' | ' | ' | ' | ||||||
Restructured loans | 790 | [1],[2] | 3,465 | [1],[2] | 790 | [1],[2] | 3,465 | [1],[2] | 1,345 | [1],[3] | 3,465 | [1],[3] |
Payments in Default, Count | 0 | [1],[4] | 1 | [1],[4] | 0 | [1],[4] | 1 | [1],[4] | ' | ' | ||
Payments in Default, Balance | 0 | [1],[4] | 1,648 | [1],[4] | 0 | [1],[4] | 1,648 | [1],[4] | ' | ' | ||
Troubled debt restructuring modifications, number of count | 1 | [1],[2] | 3 | [1],[2] | 1 | [1],[2] | 3 | [1],[2] | 2 | [1],[3] | 3 | [1],[3] |
Office Building Loans [Member] | Commercial Real Estate Portfolio Segment [Member] | Extension at Below Market Terms [Member] | ' | ' | ' | ' | ' | ' | ||||||
Financing Receivable, Modifications [Line Items] | ' | ' | ' | ' | ' | ' | ||||||
Restructured loans | 790 | [1] | 3,465 | [1] | 790 | [1] | 3,465 | [1] | ' | ' | ||
Troubled debt restructuring modifications, number of count | 1 | [1] | 3 | [1] | 1 | [1] | 3 | [1] | ' | ' | ||
Office Building Loans [Member] | Commercial Real Estate Portfolio Segment [Member] | Reduction of Interest Rate [Member] | ' | ' | ' | ' | ' | ' | ||||||
Financing Receivable, Modifications [Line Items] | ' | ' | ' | ' | ' | ' | ||||||
Restructured loans | 0 | [1] | 0 | [1] | 0 | [1] | 0 | [1] | ' | ' | ||
Troubled debt restructuring modifications, number of count | 0 | [1] | 0 | [1] | 0 | [1] | 0 | [1] | ' | ' | ||
Office Building Loans [Member] | Commercial Real Estate Portfolio Segment [Member] | Modification to Interest Only Payments [Member] | ' | ' | ' | ' | ' | ' | ||||||
Financing Receivable, Modifications [Line Items] | ' | ' | ' | ' | ' | ' | ||||||
Restructured loans | 0 | [1] | 0 | [1] | 0 | [1] | 0 | [1] | ' | ' | ||
Troubled debt restructuring modifications, number of count | 0 | [1] | 0 | [1] | 0 | [1] | 0 | [1] | ' | ' | ||
Office Building Loans [Member] | Commercial Real Estate Portfolio Segment [Member] | Forgiveness of Debt [Member] | ' | ' | ' | ' | ' | ' | ||||||
Financing Receivable, Modifications [Line Items] | ' | ' | ' | ' | ' | ' | ||||||
Restructured loans | 0 | [1] | 0 | [1] | 0 | [1] | 0 | [1] | ' | ' | ||
Troubled debt restructuring modifications, number of count | 0 | [1] | 0 | [1] | 0 | [1] | 0 | [1] | ' | ' | ||
Industrial Loans [Member] | Commercial Real Estate Portfolio Segment [Member] | ' | ' | ' | ' | ' | ' | ||||||
Financing Receivable, Modifications [Line Items] | ' | ' | ' | ' | ' | ' | ||||||
Restructured loans | 0 | [1],[2] | 949 | [1],[2] | 1,078 | [1],[2] | 949 | [1],[2] | 1,078 | [1],[3] | 1,676 | [1],[3] |
Payments in Default, Count | 1 | [1],[4] | 1 | [1],[4] | 1 | [1],[4] | 1 | [1],[4] | ' | ' | ||
Payments in Default, Balance | 1,078 | [1],[4] | 727 | [1],[4] | 1,078 | [1],[4] | 727 | [1],[4] | ' | ' | ||
Troubled debt restructuring modifications, number of count | 0 | [1],[2] | 1 | [1],[2] | 1 | [1],[2] | 1 | [1],[2] | 1 | [1],[3] | 2 | [1],[3] |
Industrial Loans [Member] | Commercial Real Estate Portfolio Segment [Member] | Extension at Below Market Terms [Member] | ' | ' | ' | ' | ' | ' | ||||||
Financing Receivable, Modifications [Line Items] | ' | ' | ' | ' | ' | ' | ||||||
Restructured loans | 0 | [1] | 949 | [1] | 1,078 | [1] | 949 | [1] | ' | ' | ||
Troubled debt restructuring modifications, number of count | 0 | [1] | 1 | [1] | 1 | [1] | 1 | [1] | ' | ' | ||
Industrial Loans [Member] | Commercial Real Estate Portfolio Segment [Member] | Reduction of Interest Rate [Member] | ' | ' | ' | ' | ' | ' | ||||||
Financing Receivable, Modifications [Line Items] | ' | ' | ' | ' | ' | ' | ||||||
Restructured loans | 0 | [1] | 949 | [1] | 0 | [1] | 949 | [1] | ' | ' | ||
Troubled debt restructuring modifications, number of count | 0 | [1] | 1 | [1] | 0 | [1] | 1 | [1] | ' | ' | ||
Industrial Loans [Member] | Commercial Real Estate Portfolio Segment [Member] | Modification to Interest Only Payments [Member] | ' | ' | ' | ' | ' | ' | ||||||
Financing Receivable, Modifications [Line Items] | ' | ' | ' | ' | ' | ' | ||||||
Restructured loans | 0 | [1] | 0 | [1] | 1,078 | [1] | 0 | [1] | ' | ' | ||
Troubled debt restructuring modifications, number of count | 0 | [1] | 0 | [1] | 1 | [1] | 0 | [1] | ' | ' | ||
Industrial Loans [Member] | Commercial Real Estate Portfolio Segment [Member] | Forgiveness of Debt [Member] | ' | ' | ' | ' | ' | ' | ||||||
Financing Receivable, Modifications [Line Items] | ' | ' | ' | ' | ' | ' | ||||||
Restructured loans | 0 | [1] | 0 | [1] | 0 | [1] | 0 | [1] | ' | ' | ||
Troubled debt restructuring modifications, number of count | 0 | [1] | 0 | [1] | 0 | [1] | 0 | [1] | ' | ' | ||
Retail Loan [Member] | Commercial Real Estate Portfolio Segment [Member] | ' | ' | ' | ' | ' | ' | ||||||
Financing Receivable, Modifications [Line Items] | ' | ' | ' | ' | ' | ' | ||||||
Restructured loans | 0 | [1],[2] | 0 | [1],[2] | 202 | [1],[2] | 200 | [1],[2] | 202 | [1],[3] | 5,085 | [1],[3] |
Payments in Default, Count | 0 | [1],[4] | 0 | [1],[4] | 0 | [1],[4] | 0 | [1],[4] | ' | ' | ||
Payments in Default, Balance | 0 | [1],[4] | 0 | [1],[4] | 0 | [1],[4] | 0 | [1],[4] | ' | ' | ||
Troubled debt restructuring modifications, number of count | 0 | [1],[2] | 0 | [1],[2] | 1 | [1],[2] | 1 | [1],[2] | 1 | [1],[3] | 4 | [1],[3] |
Retail Loan [Member] | Commercial Real Estate Portfolio Segment [Member] | Extension at Below Market Terms [Member] | ' | ' | ' | ' | ' | ' | ||||||
Financing Receivable, Modifications [Line Items] | ' | ' | ' | ' | ' | ' | ||||||
Restructured loans | 0 | [1] | 0 | [1] | 202 | [1] | 200 | [1] | ' | ' | ||
Troubled debt restructuring modifications, number of count | 0 | [1] | 0 | [1] | 1 | [1] | 1 | [1] | ' | ' | ||
Retail Loan [Member] | Commercial Real Estate Portfolio Segment [Member] | Reduction of Interest Rate [Member] | ' | ' | ' | ' | ' | ' | ||||||
Financing Receivable, Modifications [Line Items] | ' | ' | ' | ' | ' | ' | ||||||
Restructured loans | 0 | [1] | 0 | [1] | 0 | [1] | 200 | [1] | ' | ' | ||
Troubled debt restructuring modifications, number of count | 0 | [1] | 0 | [1] | 0 | [1] | 1 | [1] | ' | ' | ||
Retail Loan [Member] | Commercial Real Estate Portfolio Segment [Member] | Modification to Interest Only Payments [Member] | ' | ' | ' | ' | ' | ' | ||||||
Financing Receivable, Modifications [Line Items] | ' | ' | ' | ' | ' | ' | ||||||
Restructured loans | 0 | [1] | 0 | [1] | 0 | [1] | 0 | [1] | ' | ' | ||
Troubled debt restructuring modifications, number of count | 0 | [1] | 0 | [1] | 0 | [1] | 0 | [1] | ' | ' | ||
Retail Loan [Member] | Commercial Real Estate Portfolio Segment [Member] | Forgiveness of Debt [Member] | ' | ' | ' | ' | ' | ' | ||||||
Financing Receivable, Modifications [Line Items] | ' | ' | ' | ' | ' | ' | ||||||
Restructured loans | 0 | [1] | 0 | [1] | 0 | [1] | 0 | [1] | ' | ' | ||
Troubled debt restructuring modifications, number of count | 0 | [1] | 0 | [1] | 0 | [1] | 0 | [1] | ' | ' | ||
Multi Family [Member] | Commercial Real Estate Portfolio Segment [Member] | ' | ' | ' | ' | ' | ' | ||||||
Financing Receivable, Modifications [Line Items] | ' | ' | ' | ' | ' | ' | ||||||
Restructured loans | 181 | [1],[2] | 0 | [1],[2] | 181 | [1],[2] | 705 | [1],[2] | 181 | [1],[3] | 1,085 | [1],[3] |
Payments in Default, Count | 0 | [1],[4] | 1 | [1],[4] | 0 | [1],[4] | 1 | [1],[4] | ' | ' | ||
Payments in Default, Balance | 0 | [1],[4] | 705 | [1],[4] | 0 | [1],[4] | 705 | [1],[4] | ' | ' | ||
Troubled debt restructuring modifications, number of count | 1 | [1],[2] | 0 | [1],[2] | 1 | [1],[2] | 1 | [1],[2] | 1 | [1],[3] | 2 | [1],[3] |
Multi Family [Member] | Commercial Real Estate Portfolio Segment [Member] | Extension at Below Market Terms [Member] | ' | ' | ' | ' | ' | ' | ||||||
Financing Receivable, Modifications [Line Items] | ' | ' | ' | ' | ' | ' | ||||||
Restructured loans | 0 | [1] | 0 | [1] | 0 | [1] | 705 | [1] | ' | ' | ||
Troubled debt restructuring modifications, number of count | 0 | [1] | 0 | [1] | 0 | [1] | 1 | [1] | ' | ' | ||
Multi Family [Member] | Commercial Real Estate Portfolio Segment [Member] | Reduction of Interest Rate [Member] | ' | ' | ' | ' | ' | ' | ||||||
Financing Receivable, Modifications [Line Items] | ' | ' | ' | ' | ' | ' | ||||||
Restructured loans | 181 | [1] | 0 | [1] | 181 | [1] | 705 | [1] | ' | ' | ||
Troubled debt restructuring modifications, number of count | 1 | [1] | 0 | [1] | 1 | [1] | 1 | [1] | ' | ' | ||
Multi Family [Member] | Commercial Real Estate Portfolio Segment [Member] | Modification to Interest Only Payments [Member] | ' | ' | ' | ' | ' | ' | ||||||
Financing Receivable, Modifications [Line Items] | ' | ' | ' | ' | ' | ' | ||||||
Restructured loans | 0 | [1] | 0 | [1] | 0 | [1] | 0 | [1] | ' | ' | ||
Troubled debt restructuring modifications, number of count | 0 | [1] | 0 | [1] | 0 | [1] | 0 | [1] | ' | ' | ||
Multi Family [Member] | Commercial Real Estate Portfolio Segment [Member] | Forgiveness of Debt [Member] | ' | ' | ' | ' | ' | ' | ||||||
Financing Receivable, Modifications [Line Items] | ' | ' | ' | ' | ' | ' | ||||||
Restructured loans | 0 | [1] | 0 | [1] | 0 | [1] | 0 | [1] | ' | ' | ||
Troubled debt restructuring modifications, number of count | 0 | [1] | 0 | [1] | 0 | [1] | 0 | [1] | ' | ' | ||
Mixed Use And Other [Member] | Commercial Real Estate Portfolio Segment [Member] | ' | ' | ' | ' | ' | ' | ||||||
Financing Receivable, Modifications [Line Items] | ' | ' | ' | ' | ' | ' | ||||||
Restructured loans | 1,049 | [1],[2] | 3,533 | [1],[2] | 4,926 | [1],[2] | 3,533 | [1],[2] | 6,436 | [1],[3] | 7,230 | [1],[3] |
Payments in Default, Count | 3 | [1],[4] | 3 | [1],[4] | 3 | [1],[4] | 3 | [1],[4] | ' | ' | ||
Payments in Default, Balance | 577 | [1],[4] | 683 | [1],[4] | 577 | [1],[4] | 683 | [1],[4] | ' | ' | ||
Troubled debt restructuring modifications, number of count | 4 | [1],[2] | 2 | [1],[2] | 7 | [1],[2] | 2 | [1],[2] | 11 | [1],[3] | 11 | [1],[3] |
Mixed Use And Other [Member] | Commercial Real Estate Portfolio Segment [Member] | Extension at Below Market Terms [Member] | ' | ' | ' | ' | ' | ' | ||||||
Financing Receivable, Modifications [Line Items] | ' | ' | ' | ' | ' | ' | ||||||
Restructured loans | 233 | [1] | 3,533 | [1] | 2,837 | [1] | 3,533 | [1] | ' | ' | ||
Troubled debt restructuring modifications, number of count | 1 | [1] | 2 | [1] | 3 | [1] | 2 | [1] | ' | ' | ||
Mixed Use And Other [Member] | Commercial Real Estate Portfolio Segment [Member] | Reduction of Interest Rate [Member] | ' | ' | ' | ' | ' | ' | ||||||
Financing Receivable, Modifications [Line Items] | ' | ' | ' | ' | ' | ' | ||||||
Restructured loans | 1,049 | [1] | 3,533 | [1] | 4,926 | [1] | 3,533 | [1] | ' | ' | ||
Troubled debt restructuring modifications, number of count | 4 | [1] | 2 | [1] | 7 | [1] | 2 | [1] | ' | ' | ||
Mixed Use And Other [Member] | Commercial Real Estate Portfolio Segment [Member] | Modification to Interest Only Payments [Member] | ' | ' | ' | ' | ' | ' | ||||||
Financing Receivable, Modifications [Line Items] | ' | ' | ' | ' | ' | ' | ||||||
Restructured loans | 0 | [1] | 0 | [1] | 1,273 | [1] | 0 | [1] | ' | ' | ||
Troubled debt restructuring modifications, number of count | 0 | [1] | 0 | [1] | 1 | [1] | 0 | [1] | ' | ' | ||
Mixed Use And Other [Member] | Commercial Real Estate Portfolio Segment [Member] | Forgiveness of Debt [Member] | ' | ' | ' | ' | ' | ' | ||||||
Financing Receivable, Modifications [Line Items] | ' | ' | ' | ' | ' | ' | ||||||
Restructured loans | $0 | [1] | $0 | [1] | $0 | [1] | $0 | [1] | ' | ' | ||
Troubled debt restructuring modifications, number of count | 0 | [1] | 0 | [1] | 0 | [1] | 0 | [1] | ' | ' | ||
[1] | Balances represent the recorded investment in the loan at the time of the restructuring. | |||||||||||
[2] | TDRs may have more than one modification representing a concession. As such, TDRs during the period may be represented in more than one of the categories noted above. | |||||||||||
[3] | Total TDRs represent all loans restructured in TDRs during the previous twelve months from the date indicated. | |||||||||||
[4] | TDRs considered to be in payment default are over 30 days past-due subsequent to the restructuring. |
Allowance_for_Loan_Losses_Allo9
Allowance for Loan Losses, Allowance for Losses on Lending-Related Commitments and Impaired Loans Allowance for Loan Losses, Allowance for Losses on Lending-Related Commitments and Impaired Loans (Summary Of Subsequent Default) (Detail) (USD $) | 3 Months Ended | 6 Months Ended | 12 Months Ended | |||||||||
In Thousands, unless otherwise specified | Jun. 30, 2014 | Jun. 30, 2013 | Jun. 30, 2014 | Jun. 30, 2013 | Jun. 30, 2014 | Jun. 30, 2013 | ||||||
contracts | contracts | contracts | contracts | contracts | contracts | |||||||
Troubled Debt Restructuring, Debtor, Subsequent Periods [Line Items] | ' | ' | ' | ' | ' | ' | ||||||
Total, Count | 7 | [1],[2] | 12 | [1],[2] | 13 | [1],[2] | 26 | [1],[2] | 22 | [1],[3] | 51 | [1],[3] |
Total, Balance | $2,240 | [1],[2] | $14,468 | [1],[2] | $7,485 | [1],[2] | $16,745 | [1],[2] | $13,420 | [1],[3] | $28,921 | [1],[3] |
Payments in Default, Count | 6 | [1],[4] | 14 | [1],[4] | 6 | [1],[4] | 14 | [1],[4] | ' | ' | ||
Payments in Default, Balance | 4,176 | [1],[4] | 4,562 | [1],[4] | 4,176 | [1],[4] | 4,562 | [1],[4] | ' | ' | ||
Residential Real Estate And Other [Member] | ' | ' | ' | ' | ' | ' | ||||||
Troubled Debt Restructuring, Debtor, Subsequent Periods [Line Items] | ' | ' | ' | ' | ' | ' | ||||||
Total, Count | 1 | [1],[2] | 3 | [1],[2] | 1 | [1],[2] | 7 | [1],[2] | 4 | [1],[3] | 12 | [1],[3] |
Total, Balance | 220 | [1],[2] | 401 | [1],[2] | 220 | [1],[2] | 778 | [1],[2] | 1,738 | [1],[3] | 1,341 | [1],[3] |
Payments in Default, Count | 1 | [1],[4] | 5 | [1],[4] | 1 | [1],[4] | 5 | [1],[4] | ' | ' | ||
Payments in Default, Balance | 169 | [1],[4] | 563 | [1],[4] | 169 | [1],[4] | 563 | [1],[4] | ' | ' | ||
Commercial and industrial | Commercial Portfolio Segment [Member] | ' | ' | ' | ' | ' | ' | ||||||
Troubled Debt Restructuring, Debtor, Subsequent Periods [Line Items] | ' | ' | ' | ' | ' | ' | ||||||
Total, Count | 0 | [1],[2] | 0 | [1],[2] | 1 | [1],[2] | 6 | [1],[2] | 1 | [1],[3] | 11 | [1],[3] |
Total, Balance | 0 | [1],[2] | 0 | [1],[2] | 88 | [1],[2] | 708 | [1],[2] | 88 | [1],[3] | 2,136 | [1],[3] |
Payments in Default, Count | 0 | [1],[4] | 3 | [1],[4] | 0 | [1],[4] | 3 | [1],[4] | ' | ' | ||
Payments in Default, Balance | 0 | [1],[4] | 236 | [1],[4] | 0 | [1],[4] | 236 | [1],[4] | ' | ' | ||
Residential Construction [Member] | Commercial Real Estate Portfolio Segment [Member] | ' | ' | ' | ' | ' | ' | ||||||
Troubled Debt Restructuring, Debtor, Subsequent Periods [Line Items] | ' | ' | ' | ' | ' | ' | ||||||
Total, Count | ' | ' | ' | ' | 0 | [1],[3] | 1 | [1],[3] | ||||
Total, Balance | ' | ' | ' | ' | 0 | [1],[3] | 496 | [1],[3] | ||||
Payments in Default, Count | 0 | [1],[4] | 0 | [1],[4] | 0 | [1],[4] | 0 | [1],[4] | ' | ' | ||
Payments in Default, Balance | 0 | [1],[4] | 0 | [1],[4] | 0 | [1],[4] | 0 | [1],[4] | ' | ' | ||
Commercial Real Estate Construction Financing Receivable [Member] | Commercial Real Estate Portfolio Segment [Member] | ' | ' | ' | ' | ' | ' | ||||||
Troubled Debt Restructuring, Debtor, Subsequent Periods [Line Items] | ' | ' | ' | ' | ' | ' | ||||||
Total, Count | 0 | [1],[2] | 3 | [1],[2] | 0 | [1],[2] | 3 | [1],[2] | 0 | [1],[3] | 3 | [1],[3] |
Total, Balance | 0 | [1],[2] | 6,120 | [1],[2] | 0 | [1],[2] | 6,120 | [1],[2] | 0 | [1],[3] | 6,120 | [1],[3] |
Payments in Default, Count | 0 | [1],[4] | 0 | [1],[4] | 0 | [1],[4] | 0 | [1],[4] | ' | ' | ||
Payments in Default, Balance | 0 | [1],[4] | 0 | [1],[4] | 0 | [1],[4] | 0 | [1],[4] | ' | ' | ||
Land Loans [Member] | Commercial Real Estate Portfolio Segment [Member] | ' | ' | ' | ' | ' | ' | ||||||
Troubled Debt Restructuring, Debtor, Subsequent Periods [Line Items] | ' | ' | ' | ' | ' | ' | ||||||
Total, Count | 0 | [1],[2] | 0 | [1],[2] | 0 | [1],[2] | 2 | [1],[2] | 1 | [1],[3] | 2 | [1],[3] |
Total, Balance | 0 | [1],[2] | 0 | [1],[2] | 0 | [1],[2] | 287 | [1],[2] | 2,352 | [1],[3] | 287 | [1],[3] |
Payments in Default, Count | 1 | [1],[4] | 0 | [1],[4] | 1 | [1],[4] | 0 | [1],[4] | ' | ' | ||
Payments in Default, Balance | 2,352 | [1],[4] | 0 | [1],[4] | 2,352 | [1],[4] | 0 | [1],[4] | ' | ' | ||
Office Building Loans [Member] | Commercial Real Estate Portfolio Segment [Member] | ' | ' | ' | ' | ' | ' | ||||||
Troubled Debt Restructuring, Debtor, Subsequent Periods [Line Items] | ' | ' | ' | ' | ' | ' | ||||||
Total, Count | 1 | [1],[2] | 3 | [1],[2] | 1 | [1],[2] | 3 | [1],[2] | 2 | [1],[3] | 3 | [1],[3] |
Total, Balance | 790 | [1],[2] | 3,465 | [1],[2] | 790 | [1],[2] | 3,465 | [1],[2] | 1,345 | [1],[3] | 3,465 | [1],[3] |
Payments in Default, Count | 0 | [1],[4] | 1 | [1],[4] | 0 | [1],[4] | 1 | [1],[4] | ' | ' | ||
Payments in Default, Balance | 0 | [1],[4] | 1,648 | [1],[4] | 0 | [1],[4] | 1,648 | [1],[4] | ' | ' | ||
Industrial Loans [Member] | Commercial Real Estate Portfolio Segment [Member] | ' | ' | ' | ' | ' | ' | ||||||
Troubled Debt Restructuring, Debtor, Subsequent Periods [Line Items] | ' | ' | ' | ' | ' | ' | ||||||
Total, Count | 0 | [1],[2] | 1 | [1],[2] | 1 | [1],[2] | 1 | [1],[2] | 1 | [1],[3] | 2 | [1],[3] |
Total, Balance | 0 | [1],[2] | 949 | [1],[2] | 1,078 | [1],[2] | 949 | [1],[2] | 1,078 | [1],[3] | 1,676 | [1],[3] |
Payments in Default, Count | 1 | [1],[4] | 1 | [1],[4] | 1 | [1],[4] | 1 | [1],[4] | ' | ' | ||
Payments in Default, Balance | 1,078 | [1],[4] | 727 | [1],[4] | 1,078 | [1],[4] | 727 | [1],[4] | ' | ' | ||
Retail Loan [Member] | Commercial Real Estate Portfolio Segment [Member] | ' | ' | ' | ' | ' | ' | ||||||
Troubled Debt Restructuring, Debtor, Subsequent Periods [Line Items] | ' | ' | ' | ' | ' | ' | ||||||
Total, Count | 0 | [1],[2] | 0 | [1],[2] | 1 | [1],[2] | 1 | [1],[2] | 1 | [1],[3] | 4 | [1],[3] |
Total, Balance | 0 | [1],[2] | 0 | [1],[2] | 202 | [1],[2] | 200 | [1],[2] | 202 | [1],[3] | 5,085 | [1],[3] |
Payments in Default, Count | 0 | [1],[4] | 0 | [1],[4] | 0 | [1],[4] | 0 | [1],[4] | ' | ' | ||
Payments in Default, Balance | 0 | [1],[4] | 0 | [1],[4] | 0 | [1],[4] | 0 | [1],[4] | ' | ' | ||
Multi Family [Member] | Commercial Real Estate Portfolio Segment [Member] | ' | ' | ' | ' | ' | ' | ||||||
Troubled Debt Restructuring, Debtor, Subsequent Periods [Line Items] | ' | ' | ' | ' | ' | ' | ||||||
Total, Count | 1 | [1],[2] | 0 | [1],[2] | 1 | [1],[2] | 1 | [1],[2] | 1 | [1],[3] | 2 | [1],[3] |
Total, Balance | 181 | [1],[2] | 0 | [1],[2] | 181 | [1],[2] | 705 | [1],[2] | 181 | [1],[3] | 1,085 | [1],[3] |
Payments in Default, Count | 0 | [1],[4] | 1 | [1],[4] | 0 | [1],[4] | 1 | [1],[4] | ' | ' | ||
Payments in Default, Balance | 0 | [1],[4] | 705 | [1],[4] | 0 | [1],[4] | 705 | [1],[4] | ' | ' | ||
Mixed Use And Other [Member] | Commercial Real Estate Portfolio Segment [Member] | ' | ' | ' | ' | ' | ' | ||||||
Troubled Debt Restructuring, Debtor, Subsequent Periods [Line Items] | ' | ' | ' | ' | ' | ' | ||||||
Total, Count | 4 | [1],[2] | 2 | [1],[2] | 7 | [1],[2] | 2 | [1],[2] | 11 | [1],[3] | 11 | [1],[3] |
Total, Balance | 1,049 | [1],[2] | 3,533 | [1],[2] | 4,926 | [1],[2] | 3,533 | [1],[2] | 6,436 | [1],[3] | 7,230 | [1],[3] |
Payments in Default, Count | 3 | [1],[4] | 3 | [1],[4] | 3 | [1],[4] | 3 | [1],[4] | ' | ' | ||
Payments in Default, Balance | $577 | [1],[4] | $683 | [1],[4] | $577 | [1],[4] | $683 | [1],[4] | ' | ' | ||
[1] | Balances represent the recorded investment in the loan at the time of the restructuring. | |||||||||||
[2] | TDRs may have more than one modification representing a concession. As such, TDRs during the period may be represented in more than one of the categories noted above. | |||||||||||
[3] | Total TDRs represent all loans restructured in TDRs during the previous twelve months from the date indicated. | |||||||||||
[4] | TDRs considered to be in payment default are over 30 days past-due subsequent to the restructuring. |
Recovered_Sheet1
Allowance for Loan Losses, Allowance for Losses on Lending-Related Commitments and Impaired Loans Allowance for Loan Losses, Allowance for Losses on Lending-Related Commitments and Impaired Loans (Narrative) (Detail) (USD $) | 3 Months Ended | 6 Months Ended | 12 Months Ended | ||||||||||
Jun. 30, 2014 | Jun. 30, 2013 | Jun. 30, 2014 | Jun. 30, 2013 | Jun. 30, 2014 | Jun. 30, 2013 | Dec. 31, 2013 | |||||||
contracts | contracts | contracts | contracts | contracts | contracts | ||||||||
Financing Receivable, Allowance for Credit Losses [Line Items] | ' | ' | ' | ' | ' | ' | ' | ||||||
Troubled debt restructuring modifications, number of count | 7 | [1],[2] | 12 | [1],[2] | 13 | [1],[2] | 26 | [1],[2] | 22 | [1],[3] | 51 | [1],[3] | ' |
Allowance for loan losses related to impaired loans | $10,298,000 | $11,839,000 | $10,298,000 | $11,839,000 | $10,298,000 | $11,839,000 | $8,265,000 | ||||||
Restructured loans | 2,240,000 | [1],[2] | 14,468,000 | [1],[2] | 7,485,000 | [1],[2] | 16,745,000 | [1],[2] | 13,420,000 | [1],[3] | 28,921,000 | [1],[3] | ' |
Weighted average extension term | '16 months | '16 months | '14 months | '17 months | ' | ' | ' | ||||||
Weighted average stated interest rate, basis points | 1.37% | 2.25% | 1.67% | 2.03% | ' | ' | ' | ||||||
Weighted average interest only term | '6 months | '11 months | '9 months | '11 months | ' | ' | ' | ||||||
Loan forgiveness | 0 | 0 | 0 | 50,000 | ' | ' | ' | ||||||
Financing Receivable [Member] | ' | ' | ' | ' | ' | ' | ' | ||||||
Financing Receivable, Allowance for Credit Losses [Line Items] | ' | ' | ' | ' | ' | ' | ' | ||||||
Restructured loans | 88,107,000 | 126,196,000 | 88,107,000 | 126,196,000 | 88,107,000 | 126,196,000 | 107,103,000 | ||||||
Troubled debt restructuring modifications, number of count | ' | ' | 143 | ' | ' | ' | ' | ||||||
Allowance for loan losses related to impaired loans | 4,900,000 | ' | 4,900,000 | ' | 4,900,000 | ' | ' | ||||||
Interest income | 103,000 | 296,000 | 235,000 | 522,000 | ' | ' | ' | ||||||
Modification to Interest Only Payments [Member] | ' | ' | ' | ' | ' | ' | ' | ||||||
Financing Receivable, Allowance for Credit Losses [Line Items] | ' | ' | ' | ' | ' | ' | ' | ||||||
Troubled debt restructuring modifications, number of count | 1 | [1] | 4 | [1] | 4 | [1] | 7 | [1] | ' | ' | ' | ||
Restructured loans | $220,000 | [1] | $6,231,000 | [1] | $2,659,000 | [1] | $6,539,000 | [1] | ' | ' | ' | ||
[1] | Balances represent the recorded investment in the loan at the time of the restructuring. | ||||||||||||
[2] | TDRs may have more than one modification representing a concession. As such, TDRs during the period may be represented in more than one of the categories noted above. | ||||||||||||
[3] | Total TDRs represent all loans restructured in TDRs during the previous twelve months from the date indicated. |
Recovered_Sheet2
Goodwill And Other Intangible Assets (Goodwill Assets By Business Segment) (Detail) (USD $) | 6 Months Ended | |
Jun. 30, 2014 | Jun. 30, 2013 | |
Goodwill [Roll Forward] | ' | ' |
Beginning balance | $374,547,000 | $356,871,000 |
Goodwill Acquired | 7,035,000 | ' |
Impairment Loss | 0 | ' |
Goodwill Adjustments | 139,000 | ' |
Ending balance | 381,721,000 | 356,871,000 |
Community banking | ' | ' |
Goodwill [Roll Forward] | ' | ' |
Beginning balance | 305,313,000 | ' |
Goodwill Acquired | 600,000 | ' |
Impairment Loss | 0 | ' |
Goodwill Adjustments | 0 | ' |
Ending balance | 305,913,000 | ' |
Specialty finance | ' | ' |
Goodwill [Roll Forward] | ' | ' |
Beginning balance | 37,370,000 | ' |
Goodwill Acquired | 6,435,000 | ' |
Impairment Loss | 0 | ' |
Goodwill Adjustments | 139,000 | ' |
Ending balance | 43,944,000 | ' |
Wealth management | ' | ' |
Goodwill [Roll Forward] | ' | ' |
Beginning balance | 31,864,000 | ' |
Goodwill Acquired | 0 | ' |
Impairment Loss | 0 | ' |
Goodwill Adjustments | 0 | ' |
Ending balance | $31,864,000 | ' |
Recovered_Sheet3
Goodwill And Other Intangible Assets (Summary of Finite-Lived Intangible Assets) (Detail) (USD $) | Jun. 30, 2014 | Dec. 31, 2013 | Jun. 30, 2013 |
In Thousands, unless otherwise specified | |||
Finite-Lived Intangible Assets [Line Items] | ' | ' | ' |
Other intangible assets | $16,894 | $19,213 | $20,137 |
Core deposit intangibles | Community banking | ' | ' | ' |
Finite-Lived Intangible Assets [Line Items] | ' | ' | ' |
Gross carrying amount | 40,770 | 40,770 | 39,350 |
Accumulated amortization | -31,223 | -29,189 | -27,132 |
Net carrying amount | 9,547 | 11,581 | 12,218 |
Customer list intangibles | Specialty finance | ' | ' | ' |
Finite-Lived Intangible Assets [Line Items] | ' | ' | ' |
Gross carrying amount | 1,800 | 1,800 | 1,800 |
Accumulated amortization | -878 | -805 | -731 |
Net carrying amount | 922 | 995 | 1,069 |
Customer list and other intangibles | Wealth management | ' | ' | ' |
Finite-Lived Intangible Assets [Line Items] | ' | ' | ' |
Gross carrying amount | 7,690 | 7,690 | 7,690 |
Accumulated amortization | -1,265 | -1,053 | -840 |
Net carrying amount | $6,425 | $6,637 | $6,850 |
Goodwill_And_Other_Intangible_2
Goodwill And Other Intangible Assets (Estimated Amortization) (Detail) (USD $) | 3 Months Ended | 6 Months Ended | ||
In Thousands, unless otherwise specified | Jun. 30, 2014 | Jun. 30, 2013 | Jun. 30, 2014 | Jun. 30, 2013 |
Goodwill and Intangible Assets Disclosure [Abstract] | ' | ' | ' | ' |
Actual in three months ended June 30, 2014 | $1,156 | $1,164 | $2,319 | $2,284 |
Estimated remaining in 2014 | 2,051 | ' | 2,051 | ' |
Estimated-2015 | 2,791 | ' | 2,791 | ' |
Estimated-2016 | 2,180 | ' | 2,180 | ' |
Estimated-2017 | 1,764 | ' | 1,764 | ' |
Estimated-2018 | $1,544 | ' | $1,544 | ' |
Goodwill_And_Other_Intangible_3
Goodwill And Other Intangible Assets (Narrative) (Detail) (USD $) | 3 Months Ended | 6 Months Ended | ||
Jun. 30, 2014 | Jun. 30, 2013 | Jun. 30, 2014 | Jun. 30, 2013 | |
Indefinite-lived Intangible Assets [Line Items] | ' | ' | ' | ' |
Amortization of other intangible assets | $1,156,000 | $1,164,000 | $2,319,000 | $2,284,000 |
Community banking | ' | ' | ' | ' |
Indefinite-lived Intangible Assets [Line Items] | ' | ' | ' | ' |
Goodwill, Period Increase (Decrease) | ' | ' | 600,000 | ' |
Community banking | Core deposit intangibles | ' | ' | ' | ' |
Indefinite-lived Intangible Assets [Line Items] | ' | ' | ' | ' |
Amortization period in years, core deposit intangibles | ' | ' | '10 years | ' |
Specialty finance | ' | ' | ' | ' |
Indefinite-lived Intangible Assets [Line Items] | ' | ' | ' | ' |
Goodwill, Period Increase (Decrease) | ' | ' | $6,600,000 | ' |
Specialty finance | Customer list intangibles | ' | ' | ' | ' |
Indefinite-lived Intangible Assets [Line Items] | ' | ' | ' | ' |
Amortization period in years, core deposit intangibles | ' | ' | '18 years | ' |
Wealth management | Customer list intangibles | ' | ' | ' | ' |
Indefinite-lived Intangible Assets [Line Items] | ' | ' | ' | ' |
Amortization period in years, core deposit intangibles | ' | ' | '10 years | ' |
Deposits_Summary_Of_Deposits_D
Deposits (Summary Of Deposits) (Detail) (USD $) | Jun. 30, 2014 | Dec. 31, 2013 | Jun. 30, 2013 |
In Thousands, unless otherwise specified | |||
Deposits [Abstract] | ' | ' | ' |
Non-interest bearing | $3,072,430 | $2,721,771 | $2,450,659 |
NOW | 2,002,868 | 1,953,882 | 2,147,004 |
Wealth management deposits | 1,220,102 | 1,013,850 | 1,083,897 |
Money market | 3,591,540 | 3,359,999 | 3,037,354 |
Savings | 1,427,222 | 1,392,575 | 1,304,619 |
Time certificates of deposit | 4,242,214 | 4,226,712 | 4,342,321 |
Total deposits | $15,556,376 | $14,668,789 | $14,365,854 |
Non-interest bearing, Mix | 20.00% | 19.00% | 17.00% |
NOW, Mix | 13.00% | 13.00% | 15.00% |
Wealth management deposits, Mix | 8.00% | 7.00% | 8.00% |
Money market, Mix | 23.00% | 23.00% | 21.00% |
Savings, Mix | 9.00% | 9.00% | 9.00% |
Time certificates of deposit, Mix | 27.00% | 29.00% | 30.00% |
Total deposits, Mix | 100.00% | 100.00% | 100.00% |
Notes_Payable_Federal_Home_Loa2
Notes Payable, Federal Home Loan Bank Advances, Other Borrowings and Subordinated Notes (Summary Of Notes Payable, Federal Home Loan Bank Advances, Other Borrowings, Secured Borrowings And Subordinated Notes) (Detail) (USD $) | Jun. 30, 2014 | Dec. 31, 2013 | Jun. 30, 2013 |
In Thousands, unless otherwise specified | |||
Debt Disclosure [Abstract] | ' | ' | ' |
Notes payable | $0 | $364 | $1,729 |
Federal Home Loan Bank advances | 580,582 | 417,762 | 585,942 |
Securities sold under repurchase agreements | 24,633 | 235,347 | 224,915 |
Other | 19,083 | 19,393 | 27,861 |
Total other borrowings | 43,716 | 254,740 | 252,776 |
Subordinated notes | 140,000 | 0 | 10,000 |
Total notes payable, Federal Home Loan Bank advances, other borrowings and subordinated notes | $764,298 | $672,866 | $850,447 |
Notes_Payable_Federal_Home_Loa3
Notes Payable, Federal Home Loan Bank Advances, Other Borrowings and Subordinated Notes (Narrative) (Detail) (USD $) | 1 Months Ended | 3 Months Ended | 6 Months Ended | 3 Months Ended | 6 Months Ended | 12 Months Ended | 6 Months Ended | 0 Months Ended | 6 Months Ended | 12 Months Ended | 6 Months Ended | |||||||||||||||||||||||||||
Nov. 30, 2013 | Jun. 30, 2014 | Jun. 30, 2014 | Jun. 30, 2013 | Dec. 31, 2013 | Sep. 30, 2013 | Mar. 31, 2013 | Mar. 31, 2014 | Dec. 31, 2013 | Jun. 30, 2013 | Jun. 30, 2014 | Dec. 31, 2013 | 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 | Mar. 15, 2011 | Jun. 30, 2014 | Dec. 31, 2013 | Dec. 31, 2010 | Dec. 15, 2013 | Dec. 07, 2010 | Jun. 30, 2014 | Jun. 30, 2014 | Jun. 30, 2013 | Jun. 30, 2014 | Jun. 30, 2014 | Jun. 30, 2014 | Jun. 30, 2014 | Jun. 30, 2014 | Jun. 30, 2014 | Jun. 30, 2014 | Jun. 30, 2014 | |
subordinated_notes | Unsecured Debt [Member] | Unsecured Debt [Member] | Unsecured Debt [Member] | Revolving credit facility | Revolving credit facility | Notes Payable to Banks [Member] | Notes Payable to Banks [Member] | Securities Sold under Agreements to Repurchase [Member] | Securities Sold under Agreements to Repurchase [Member] | Securities Sold under Agreements to Repurchase [Member] | Borrowings From Banks And Brokers [Member] | Borrowings From Banks And Brokers [Member] | Borrowings From Banks And Brokers [Member] | Fixed Rate Promissory Note [Member] | Junior Subordinated Amortizing Notes [Member] | Junior Subordinated Amortizing Notes [Member] | Junior Subordinated Amortizing Notes [Member] | Junior Subordinated Amortizing Notes [Member] | Junior Subordinated Amortizing Notes [Member] | Junior Subordinated Amortizing Notes [Member] | Subordinated Debt [Member] | Subordinated Note Due May Twenty Nine Two Thousand And Fifteen [Member] | Subordinated Note Due May Twenty Nine Two Thousand And Fifteen [Member] | London Interbank Offered Rate (LIBOR) [Member] | Federal Funds Rate [Member] | Base Rate Loan [Member] | Base Rate Loan [Member] | Base Rate Loan [Member] | Base Rate Loan [Member] | Eurodollar Rate Loan [Member] | Eurodollar Rate Loan [Member] | |||||||
Subordinated Debt [Member] | Unsecured Debt [Member] | Base Rate [Member] | Prime Rate [Member] | Eurodollar Rate [Member] | Federal Funds Rate [Member] | Base Rate [Member] | London Interbank Offered Rate (LIBOR) [Member] | |||||||||||||||||||||||||||||||
Debt Instrument [Line Items] | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Notes payable | ' | $0 | $0 | $1,729,000 | $364,000 | ' | ' | ' | $364,000 | $729,000 | $0 | $0 | ' | $1,000,000 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Debt Instrument, Frequency of Periodic Payment | ' | ' | ' | ' | ' | ' | ' | 'quarterly | ' | ' | 'quarterly | ' | ' | ' | ' | ' | ' | ' | ' | ' | 'monthly | ' | ' | 'quarterly | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Loan agreement with unaffiliated banks, amount | ' | ' | ' | ' | ' | 101,000,000 | ' | ' | ' | ' | ' | ' | 1,000,000 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Revolving Credit Facility | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 100,000,000 | 100,000,000 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Maturity date | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 6-Nov-14 | 25-Oct-13 | 1-Jun-15 | ' | ' | ' | ' | ' | ' | ' | 1-Sep-17 | ' | 15-Dec-13 | ' | 15-Dec-13 | ' | ' | 13-Jun-24 | ' | 31-May-15 | ' | ' | ' | ' | ' | ' | ' | ' |
Contractual rate | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 3.75% | ' | ' | ' | ' | 9.50% | ' | 5.00% | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Proceeds from (Repayments of) Other Debt | ' | ' | -211,388,000 | -22,881,000 | ' | ' | ' | ' | ' | ' | ' | ' | 1,000,000 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Debt Instrument, Interest Rate, Stated Percentage Rate Range, Minimum | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 3.50% | ' | ' | ' | 3.50% | ' |
Incremental interest rate over base rate | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 1.30% | 1.00% | ' | 0.50% | 1.50% | 1.00% | ' | 2.50% |
Commitment fee payment | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 0.38% | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Securities sold under repurchase agreements | ' | 24,633,000 | 24,633,000 | 224,915,000 | 235,347,000 | ' | ' | ' | ' | ' | ' | ' | ' | ' | 24,600,000 | 55,300,000 | 44,900,000 | 180,000,000 | 180,000,000 | 180,000,000 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Pledged Financial Instruments, Not Separately Reported, Securities for Repurchase Agreements | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 51,700,000 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Debt Instrument, Issuance Date | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 31-Aug-12 | ' | 31-Dec-10 | ' | ' | ' | ' | ' | 31-Oct-05 | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Fixed Rate Promissory Note | ' | 19,083,000 | 19,083,000 | 27,861,000 | 19,393,000 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 19,100,000 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Junior subordinated notes | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 44,700,000 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Quarterly principal and interest payments | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 4,300,000 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Debt Instrument, Initial Payment | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 4,600,000 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Subordinated notes | ' | 140,000,000 | 140,000,000 | 10,000,000 | 0 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 10,000,000 | ' | ' | ' | ' | ' | ' | ' | ' |
Subordinated Debt Issued, Gross | ' | 140,000,000 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Proceeds from issuance of subordinated notes, net | ' | 139,100,000 | 139,090,000 | 0 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Number of Remaining Subordinated Notes | ' | ' | ' | ' | ' | ' | 1 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Early Repayment of Subordinated Debt | $10,000,000 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Junior_Subordinated_Debentures2
Junior Subordinated Debentures (Summary Of The Company's Junior Subordinated Debentures) (Detail) (USD $) | Jun. 30, 2014 | Dec. 31, 2013 | Jun. 30, 2013 | Jun. 30, 2014 | Jun. 30, 2014 | Jun. 30, 2014 | Jun. 30, 2014 | Jun. 30, 2014 | Jun. 30, 2014 | Jun. 30, 2014 | Jun. 30, 2014 | Jun. 30, 2014 | Jun. 30, 2014 | Jun. 30, 2014 | Jun. 30, 2014 | Jun. 30, 2014 | Jun. 30, 2014 | Jun. 30, 2014 | Jun. 30, 2014 | Jun. 30, 2014 | Jun. 30, 2014 | Jun. 30, 2014 |
In Thousands, unless otherwise specified | Wintrust Capital Trust III | Wintrust Statutory Trust IV | Wintrust Statutory Trust V | Wintrust Capital Trust VII | Wintrust Capital Trust VIII | Wintrust Capital Trust IX | Northview Capital Trust I | Town Bankshares Capital Trust I | First Northwest Capital Trust I | Junior Subordinated Debt [Member] | London Interbank Offered Rate (LIBOR) [Member] | London Interbank Offered Rate (LIBOR) [Member] | London Interbank Offered Rate (LIBOR) [Member] | London Interbank Offered Rate (LIBOR) [Member] | London Interbank Offered Rate (LIBOR) [Member] | London Interbank Offered Rate (LIBOR) [Member] | London Interbank Offered Rate (LIBOR) [Member] | London Interbank Offered Rate (LIBOR) [Member] | London Interbank Offered Rate (LIBOR) [Member] | |||
Rate | Rate | Rate | Rate | Rate | Rate | Rate | Rate | Rate | Rate | Wintrust Capital Trust III | Wintrust Statutory Trust IV | Wintrust Statutory Trust V | Wintrust Capital Trust VII | Wintrust Capital Trust VIII | Wintrust Capital Trust IX | Northview Capital Trust I | Town Bankshares Capital Trust I | First Northwest Capital Trust I | ||||
Rate | Rate | Rate | Rate | Rate | Rate | Rate | Rate | Rate | ||||||||||||||
Subordinated Borrowing [Line Items] | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Common Securities | ' | ' | ' | $774 | $619 | $1,238 | $1,550 | $1,238 | $1,547 | $186 | $186 | $155 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Trust Preferred Securities | ' | ' | ' | 25,000 | 20,000 | 40,000 | 50,000 | 40,000 | 50,000 | 6,000 | 6,000 | 5,000 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Junior subordinated debentures | $249,493 | $249,493 | $249,493 | $25,774 | $20,619 | $41,238 | $51,550 | $41,238 | $51,547 | $6,186 | $6,186 | $5,155 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Rate Structure | ' | ' | ' | 'L+3.25 | 'L+2.80 | 'L+2.60 | 'L+1.95 | 'L+1.45 | 'L+1.63 | 'L+3.00 | 'L+3.00 | 'L+3.00 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Incremental interest rate over base rate | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 3.25% | 2.80% | 2.60% | 1.95% | 1.45% | 1.63% | 3.00% | 3.00% | 3.00% |
Contractual rate | ' | ' | ' | 3.48% | 3.03% | 2.83% | 2.18% | 1.68% | 1.86% | 3.23% | 3.23% | 3.23% | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Debt, weighted average interest rate | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 2.42% | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Issue Date | ' | ' | ' | 30-Apr-03 | 31-Dec-03 | 31-May-04 | 31-Dec-04 | 31-Aug-05 | 30-Sep-06 | 31-Aug-03 | 31-Aug-03 | 31-May-04 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Maturity Date | ' | ' | ' | 30-Apr-33 | 31-Dec-33 | 31-May-34 | 31-Mar-35 | 30-Sep-35 | 30-Sep-36 | 30-Nov-33 | 30-Nov-33 | 31-May-34 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Earliest Redemption Date | ' | ' | ' | 30-Apr-08 | 31-Dec-08 | 30-Jun-09 | 31-Mar-10 | 30-Sep-10 | 30-Sep-11 | 31-Aug-08 | 31-Aug-08 | 31-May-09 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Junior_Subordinated_Debentures3
Junior Subordinated Debentures (Narrative) (Detail) (USD $) | Jun. 30, 2014 | Dec. 31, 2013 | Jun. 30, 2013 | Jun. 30, 2014 | Jun. 30, 2014 | Jun. 30, 2014 | Sep. 30, 2013 |
In Thousands, unless otherwise specified | Junior Subordinated Debt [Member] | Cash Flow Hedge of Junior Subordinated Debentures [Member] | Cash Flow Hedge of Junior Subordinated Debentures [Member] | Cash Flow Hedge of Junior Subordinated Debentures [Member] | |||
Rate | Cash Flow Hedging [Member] | Cash Flow Hedging [Member] | Cash Flow Hedging [Member] | ||||
Designated as Hedging Instrument [Member] | Designated as Hedging Instrument [Member] | Designated as Hedging Instrument [Member] | |||||
Interest Rate Swaps and Caps [Member] | Interest Rate Cap [Member] | Interest Rate Swap [Member] | |||||
Subordinated Borrowing [Line Items] | ' | ' | ' | ' | ' | ' | ' |
Percentage ownership interest in subsidiary trusts | 100.00% | ' | ' | ' | ' | ' | ' |
Common securities, approximate percentage of junior subordinated debentures | 3.00% | ' | ' | ' | ' | ' | ' |
Trust preferred securities, approximate percentage of junior subordinated debentures | 97.00% | ' | ' | ' | ' | ' | ' |
Junior subordinated debentures | $249,493 | $249,493 | $249,493 | ' | ' | ' | ' |
Debt, weighted average interest rate | ' | ' | ' | 2.42% | ' | ' | ' |
Notional amount | ' | ' | ' | ' | $225,000 | $90,000 | ' |
Number of Derivative Contracts | ' | ' | ' | ' | ' | 2 | 2 |
Derivative, maturity date | ' | ' | ' | ' | ' | ' | 30-Sep-13 |
Debt, hedge adjusted weighted average interest rate | ' | ' | ' | 3.14% | ' | ' | ' |
Consecutive quarters of deferred payment | 20 | ' | ' | ' | ' | ' | ' |
Segment_Information_Summary_Of
Segment Information (Summary Of Certain Operating Information For Reportable Segments) (Detail) (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 |
Segment Reporting Information [Line Items] | ' | ' | ' | ' | ' |
Total net interest income | $149,180 | $135,824 | $293,186 | $266,537 | ' |
Total net interest income, Change in Contribution | 13,356 | ' | 26,649 | ' | ' |
Total net interest income, Change in Contribution Percentage | 10.00% | ' | 10.00% | ' | ' |
Total non-interest income | 54,102 | 63,995 | 99,631 | 121,374 | ' |
Total non-interest income, Change in Contribution | -9,893 | ' | -21,743 | ' | ' |
Total non-interest income, Change in Contribution Percentage | -15.00% | ' | -18.00% | ' | ' |
Total net revenue | 203,282 | 199,819 | 392,817 | 387,911 | ' |
Total net revenue, Change in Contribution | 3,463 | ' | 4,906 | ' | ' |
Total net revenue, Change in Contribution Percentage | 2.00% | ' | 1.00% | ' | ' |
Total segment profit | 38,541 | 34,307 | 73,041 | 66,359 | ' |
Total segment profit, Change in Contribution | 4,234 | ' | 6,682 | ' | ' |
Total segment profit, Change in Contribution Percentage | 12.00% | ' | 10.00% | ' | ' |
Total assets | 18,895,681 | 17,613,546 | 18,895,681 | 17,613,546 | 18,097,783 |
Total segment assets, Change in Contribution | 1,282,135 | ' | ' | ' | ' |
Total segment assets, Change in Contribution Percentage | 7.00% | ' | ' | ' | ' |
Operating Segments [Member] | ' | ' | ' | ' | ' |
Segment Reporting Information [Line Items] | ' | ' | ' | ' | ' |
Total net interest income | 145,026 | 132,031 | 285,092 | 259,190 | ' |
Total net interest income, Change in Contribution | 12,995 | ' | 25,902 | ' | ' |
Total net interest income, Change in Contribution Percentage | 10.00% | ' | 10.00% | ' | ' |
Total non-interest income | 61,027 | 70,239 | 113,168 | 133,587 | ' |
Total non-interest income, Change in Contribution | -9,212 | ' | -20,419 | ' | ' |
Total non-interest income, Change in Contribution Percentage | -13.00% | ' | -15.00% | ' | ' |
Total net revenue | 206,053 | 202,270 | 398,260 | 392,777 | ' |
Total net revenue, Change in Contribution | 3,783 | ' | 5,483 | ' | ' |
Total net revenue, Change in Contribution Percentage | 2.00% | ' | 1.00% | ' | ' |
Operating Segments [Member] | Community banking | ' | ' | ' | ' | ' |
Segment Reporting Information [Line Items] | ' | ' | ' | ' | ' |
Total net interest income | 121,228 | 111,366 | 237,983 | 217,596 | ' |
Total net interest income, Change in Contribution | 9,862 | ' | 20,387 | ' | ' |
Total net interest income, Change in Contribution Percentage | 9.00% | ' | 9.00% | ' | ' |
Total non-interest income | 33,337 | 45,365 | 60,656 | 85,966 | ' |
Total non-interest income, Change in Contribution | -12,028 | ' | -25,310 | ' | ' |
Total non-interest income, Change in Contribution Percentage | -27.00% | ' | -29.00% | ' | ' |
Total net revenue | 154,565 | 156,731 | 298,639 | 303,562 | ' |
Total net revenue, Change in Contribution | -2,166 | ' | -4,923 | ' | ' |
Total net revenue, Change in Contribution Percentage | -1.00% | ' | -2.00% | ' | ' |
Total segment profit | 24,628 | 21,995 | 47,209 | 42,974 | ' |
Total segment profit, Change in Contribution | 2,633 | ' | 4,235 | ' | ' |
Total segment profit, Change in Contribution Percentage | 12.00% | ' | 10.00% | ' | ' |
Total assets | 15,669,443 | 14,710,628 | 15,669,443 | 14,710,628 | ' |
Total segment assets, Change in Contribution | 958,815 | ' | ' | ' | ' |
Total segment assets, Change in Contribution Percentage | 7.00% | ' | ' | ' | ' |
Operating Segments [Member] | Specialty finance | ' | ' | ' | ' | ' |
Segment Reporting Information [Line Items] | ' | ' | ' | ' | ' |
Total net interest income | 19,792 | 17,384 | 39,004 | 34,866 | ' |
Total net interest income, Change in Contribution | 2,408 | ' | 4,138 | ' | ' |
Total net interest income, Change in Contribution Percentage | 14.00% | ' | 12.00% | ' | ' |
Total non-interest income | 8,455 | 8,193 | 16,336 | 15,497 | ' |
Total non-interest income, Change in Contribution | 262 | ' | 839 | ' | ' |
Total non-interest income, Change in Contribution Percentage | 3.00% | ' | 5.00% | ' | ' |
Total net revenue | 28,247 | 25,577 | 55,340 | 50,363 | ' |
Total net revenue, Change in Contribution | 2,670 | ' | 4,977 | ' | ' |
Total net revenue, Change in Contribution Percentage | 10.00% | ' | 10.00% | ' | ' |
Total segment profit | 10,302 | 9,692 | 19,284 | 18,321 | ' |
Total segment profit, Change in Contribution | 610 | ' | 963 | ' | ' |
Total segment profit, Change in Contribution Percentage | 6.00% | ' | 5.00% | ' | ' |
Total assets | 2,703,761 | 2,418,208 | 2,703,761 | 2,418,208 | ' |
Total segment assets, Change in Contribution | 285,553 | ' | ' | ' | ' |
Total segment assets, Change in Contribution Percentage | 12.00% | ' | ' | ' | ' |
Operating Segments [Member] | Wealth management | ' | ' | ' | ' | ' |
Segment Reporting Information [Line Items] | ' | ' | ' | ' | ' |
Total net interest income | 4,006 | 3,281 | 8,105 | 6,728 | ' |
Total net interest income, Change in Contribution | 725 | ' | 1,377 | ' | ' |
Total net interest income, Change in Contribution Percentage | 22.00% | ' | 20.00% | ' | ' |
Total non-interest income | 19,235 | 16,681 | 36,176 | 32,124 | ' |
Total non-interest income, Change in Contribution | 2,554 | ' | 4,052 | ' | ' |
Total non-interest income, Change in Contribution Percentage | 15.00% | ' | 13.00% | ' | ' |
Total net revenue | 23,241 | 19,962 | 44,281 | 38,852 | ' |
Total net revenue, Change in Contribution | 3,279 | ' | 5,429 | ' | ' |
Total net revenue, Change in Contribution Percentage | 16.00% | ' | 14.00% | ' | ' |
Total segment profit | 3,611 | 2,620 | 6,548 | 5,064 | ' |
Total segment profit, Change in Contribution | 991 | ' | 1,484 | ' | ' |
Total segment profit, Change in Contribution Percentage | 38.00% | ' | 29.00% | ' | ' |
Total assets | 522,477 | 484,710 | 522,477 | 484,710 | ' |
Total segment assets, Change in Contribution | 37,767 | ' | ' | ' | ' |
Total segment assets, Change in Contribution Percentage | 8.00% | ' | ' | ' | ' |
Intersegment Eliminations [Member] | ' | ' | ' | ' | ' |
Segment Reporting Information [Line Items] | ' | ' | ' | ' | ' |
Total net interest income | 4,154 | 3,793 | 8,094 | 7,347 | ' |
Total net interest income, Change in Contribution | 361 | ' | 747 | ' | ' |
Total net interest income, Change in Contribution Percentage | 10.00% | ' | 10.00% | ' | ' |
Total non-interest income | -6,925 | -6,244 | -13,537 | -12,213 | ' |
Total non-interest income, Change in Contribution | -681 | ' | -1,324 | ' | ' |
Total non-interest income, Change in Contribution Percentage | -11.00% | ' | -11.00% | ' | ' |
Total net revenue | -2,771 | -2,451 | -5,443 | -4,866 | ' |
Total net revenue, Change in Contribution | ($320) | ' | ($577) | ' | ' |
Total net revenue, Change in Contribution Percentage | -13.00% | ' | -12.00% | ' | ' |
Derivative_Financial_Instrumen2
Derivative Financial Instruments Derivative Financial Instruments (Interest Rate Cap Derivative Summary) (Detail) (USD $) | Jun. 30, 2014 |
In Thousands, unless otherwise specified | |
Interest Rate Cap Seventy Seven Million Notional May Two Thousand Fifteen Maturity [Member] | Not Designated as Hedging Instrument [Member] | ' |
Interest Rate Cap Derivative Summary [Line Items] | ' |
Notional amount | $77,000 |
Fair Value as of End of Period | 0 |
Interest Rate Cap Two Hundred Fifteen Million Notional May Two Thousand Sixteen Maturity [Member] | Not Designated as Hedging Instrument [Member] | ' |
Interest Rate Cap Derivative Summary [Line Items] | ' |
Notional amount | 215,000 |
Fair Value as of End of Period | 172 |
Interest Rate Cap Ninety Six Million Five Hundred Thirty Thousand Notional April Two Thousand Fifteen Maturity [Member] | Not Designated as Hedging Instrument [Member] | ' |
Interest Rate Cap Derivative Summary [Line Items] | ' |
Notional amount | 96,530 |
Fair Value as of End of Period | 0 |
Interest Rate Cap Fifty Six Million Five Hundred Thousand Notional August Two Thousand Sixteen Maturity [Member] | Not Designated as Hedging Instrument [Member] | ' |
Interest Rate Cap Derivative Summary [Line Items] | ' |
Notional amount | 56,500 |
Fair Value as of End of Period | 134 |
Interest Rate Cap One Hundred Million Notional March Two Thousand Seventeen Maturity [Member] | Not Designated as Hedging Instrument [Member] | ' |
Interest Rate Cap Derivative Summary [Line Items] | ' |
Notional amount | 100,000 |
Fair Value as of End of Period | 686 |
Interest Rate Cap Seventy Five Million Notional November Two Thousand Sixteen Maturity [Member] | Not Designated as Hedging Instrument [Member] | ' |
Interest Rate Cap Derivative Summary [Line Items] | ' |
Notional amount | 75,000 |
Fair Value as of End of Period | 288 |
Total Interest Rate Cap [Member] | ' |
Interest Rate Cap Derivative Summary [Line Items] | ' |
Notional amount | 1,030,030 |
Fair Value as of End of Period | 2,943 |
Cash Flow Hedging [Member] | Interest Rate Cap Twenty Million Notional September Two Thousand Fourteen Maturity [Member] | Designated as Hedging Instrument [Member] | ' |
Interest Rate Cap Derivative Summary [Line Items] | ' |
Notional amount | 20,000 |
Fair Value as of End of Period | 0 |
Cash Flow Hedging [Member] | Interest Rate Cap Forty Million Notional September Two Thousand Fourteen Maturity [Member] | Designated as Hedging Instrument [Member] | ' |
Interest Rate Cap Derivative Summary [Line Items] | ' |
Notional amount | 40,000 |
Fair Value as of End of Period | 0 |
Cash Flow Hedging [Member] | Interest Rate Cap Two Hundred Sixteen Million Five Hundred Thousand Notional August Two Thousand Sixteen Maturity [Member] | Designated as Hedging Instrument [Member] | ' |
Interest Rate Cap Derivative Summary [Line Items] | ' |
Notional amount | 216,500 |
Fair Value as of End of Period | 389 |
Cash Flow Hedging [Member] | Interest Rate Cap Forty Three Million Five Hundred Thousand Notional August Two Thousand Sixteen Maturity [Member] | Designated as Hedging Instrument [Member] | ' |
Interest Rate Cap Derivative Summary [Line Items] | ' |
Notional amount | 43,500 |
Fair Value as of End of Period | 103 |
Cash Flow Hedging [Member] | Interest Rate Cap Fifty Million Notional September Two Thousand Seventeen Maturity [Member] | Designated as Hedging Instrument [Member] | ' |
Interest Rate Cap Derivative Summary [Line Items] | ' |
Notional amount | 50,000 |
Fair Value as of End of Period | 637 |
Cash Flow Hedging [Member] | Interest Rate Cap Forty Million Notional September Two Thousand Seventeen Maturity [Member] | Designated as Hedging Instrument [Member] | ' |
Interest Rate Cap Derivative Summary [Line Items] | ' |
Notional amount | 40,000 |
Fair Value as of End of Period | 534 |
Cash Flow Hedging [Member] | Total Interest Rate Cap [Member] | Designated as Hedging Instrument [Member] | ' |
Interest Rate Cap Derivative Summary [Line Items] | ' |
Notional amount | 410,000 |
Fair Value as of End of Period | $1,663 |
Derivative_Financial_Instrumen3
Derivative Financial Instruments Derivative Financial Instruments (Schedule Of Fair Value Of Derivative Financial Instruments) (Detail) (USD $) | Jun. 30, 2014 | Dec. 31, 2013 | Jun. 30, 2013 |
In Thousands, unless otherwise specified | |||
Derivative [Line Items] | ' | ' | ' |
Derivative Assets, Fair Value, Amount not Offset Against Collateral | $37,461 | $37,956 | $38,118 |
Derivative Liabilities, Fair Value, Amount Not Offset Against Collateral | 36,733 | 34,807 | 33,788 |
Other Assets [Member] | ' | ' | ' |
Derivative [Line Items] | ' | ' | ' |
Derivative Assets, Fair Value, Amount not Offset Against Collateral | 50,967 | 48,221 | 60,554 |
Other Assets [Member] | Designated as Hedging Instrument [Member] | ' | ' | ' |
Derivative [Line Items] | ' | ' | ' |
Derivative Assets, Fair Value, Amount not Offset Against Collateral | 1,728 | 1,883 | 2,240 |
Other Assets [Member] | Not Designated as Hedging Instrument [Member] | ' | ' | ' |
Derivative [Line Items] | ' | ' | ' |
Derivative Assets, Fair Value, Amount not Offset Against Collateral | 49,239 | 46,338 | 58,314 |
Other Liabilities [Member] | ' | ' | ' |
Derivative [Line Items] | ' | ' | ' |
Derivative Liabilities, Fair Value, Amount Not Offset Against Collateral | 43,650 | 37,264 | 37,654 |
Other Liabilities [Member] | Designated as Hedging Instrument [Member] | ' | ' | ' |
Derivative [Line Items] | ' | ' | ' |
Derivative Liabilities, Fair Value, Amount Not Offset Against Collateral | 2,730 | 3,161 | 4,416 |
Other Liabilities [Member] | Not Designated as Hedging Instrument [Member] | ' | ' | ' |
Derivative [Line Items] | ' | ' | ' |
Derivative Liabilities, Fair Value, Amount Not Offset Against Collateral | 40,920 | 34,103 | 33,238 |
Interest Rate Contract [Member] | Other Assets [Member] | Not Designated as Hedging Instrument [Member] | ' | ' | ' |
Derivative [Line Items] | ' | ' | ' |
Derivative Assets, Fair Value, Amount not Offset Against Collateral | 35,733 | 36,073 | 35,878 |
Interest Rate Contract [Member] | Other Liabilities [Member] | Not Designated as Hedging Instrument [Member] | ' | ' | ' |
Derivative [Line Items] | ' | ' | ' |
Derivative Liabilities, Fair Value, Amount Not Offset Against Collateral | 34,003 | 31,646 | 29,372 |
Interest Rate Contract [Member] | Cash Flow Hedging [Member] | Other Assets [Member] | Designated as Hedging Instrument [Member] | ' | ' | ' |
Derivative [Line Items] | ' | ' | ' |
Derivative Assets, Fair Value, Amount not Offset Against Collateral | 1,663 | 1,776 | 2,146 |
Interest Rate Contract [Member] | Cash Flow Hedging [Member] | Other Liabilities [Member] | Designated as Hedging Instrument [Member] | ' | ' | ' |
Derivative [Line Items] | ' | ' | ' |
Derivative Liabilities, Fair Value, Amount Not Offset Against Collateral | 2,727 | 3,160 | 4,416 |
Interest Rate Contract [Member] | Fair Value Hedging [Member] | Other Assets [Member] | Designated as Hedging Instrument [Member] | ' | ' | ' |
Derivative [Line Items] | ' | ' | ' |
Derivative Assets, Fair Value, Amount not Offset Against Collateral | 65 | 107 | 94 |
Interest Rate Contract [Member] | Fair Value Hedging [Member] | Other Liabilities [Member] | Designated as Hedging Instrument [Member] | ' | ' | ' |
Derivative [Line Items] | ' | ' | ' |
Derivative Liabilities, Fair Value, Amount Not Offset Against Collateral | 3 | 1 | 0 |
Interest Rate Lock Commitments [Member] | Other Assets [Member] | Not Designated as Hedging Instrument [Member] | ' | ' | ' |
Derivative [Line Items] | ' | ' | ' |
Derivative Assets, Fair Value, Amount not Offset Against Collateral | 13,479 | 7,500 | 14,579 |
Interest Rate Lock Commitments [Member] | Other Liabilities [Member] | Not Designated as Hedging Instrument [Member] | ' | ' | ' |
Derivative [Line Items] | ' | ' | ' |
Derivative Liabilities, Fair Value, Amount Not Offset Against Collateral | 9 | 147 | 3,208 |
Forward Commitments to Sell Mortgage Loans [Member] | Other Assets [Member] | Not Designated as Hedging Instrument [Member] | ' | ' | ' |
Derivative [Line Items] | ' | ' | ' |
Derivative Assets, Fair Value, Amount not Offset Against Collateral | 27 | 2,761 | 7,835 |
Forward Commitments to Sell Mortgage Loans [Member] | Other Liabilities [Member] | Not Designated as Hedging Instrument [Member] | ' | ' | ' |
Derivative [Line Items] | ' | ' | ' |
Derivative Liabilities, Fair Value, Amount Not Offset Against Collateral | 6,901 | 2,310 | 583 |
Foreign Exchange Contract [Member] | Other Assets [Member] | Not Designated as Hedging Instrument [Member] | ' | ' | ' |
Derivative [Line Items] | ' | ' | ' |
Derivative Assets, Fair Value, Amount not Offset Against Collateral | 0 | 4 | 22 |
Foreign Exchange Contract [Member] | Other Liabilities [Member] | Not Designated as Hedging Instrument [Member] | ' | ' | ' |
Derivative [Line Items] | ' | ' | ' |
Derivative Liabilities, Fair Value, Amount Not Offset Against Collateral | $7 | $0 | $75 |
Derivative_Financial_Instrumen4
Derivative Financial Instruments Derivative Financial Instruments (Schedule Of Cash Flow Hedging Instruments) (Detail) (USD $) | Jun. 30, 2014 |
In Thousands, unless otherwise specified | |
Total Interest Rate Cap [Member] | ' |
Derivative [Line Items] | ' |
Notional amount | $1,030,030 |
Fair Value Asset (Liability) | 2,943 |
Cash Flow Hedging [Member] | Interest Rate Swap Fifty Million Notional September Two Thousand Sixteen Maturity [Member] | Designated as Hedging Instrument [Member] | ' |
Derivative [Line Items] | ' |
Notional amount | 50,000 |
Fair Value Asset (Liability) | -1,795 |
Cash Flow Hedging [Member] | Interest Rate Swap Twenty Five Million Notional October Two Thousand Sixteen Maturity [Member] | Designated as Hedging Instrument [Member] | ' |
Derivative [Line Items] | ' |
Notional amount | 25,000 |
Fair Value Asset (Liability) | -932 |
Cash Flow Hedging [Member] | Total Interest Rate Swap [Member] | Designated as Hedging Instrument [Member] | ' |
Derivative [Line Items] | ' |
Notional amount | 75,000 |
Fair Value Asset (Liability) | -2,727 |
Cash Flow Hedging [Member] | Interest Rate Cap Twenty Million Notional September Two Thousand Fourteen Maturity [Member] | Designated as Hedging Instrument [Member] | ' |
Derivative [Line Items] | ' |
Notional amount | 20,000 |
Fair Value Asset (Liability) | 0 |
Cash Flow Hedging [Member] | Interest Rate Cap Forty Million Notional September Two Thousand Fourteen Maturity [Member] | Designated as Hedging Instrument [Member] | ' |
Derivative [Line Items] | ' |
Notional amount | 40,000 |
Fair Value Asset (Liability) | 0 |
Cash Flow Hedging [Member] | Interest Rate Cap Forty Three Million Five Hundred Thousand Notional August Two Thousand Sixteen Maturity [Member] | Designated as Hedging Instrument [Member] | ' |
Derivative [Line Items] | ' |
Notional amount | 43,500 |
Fair Value Asset (Liability) | 103 |
Cash Flow Hedging [Member] | Interest Rate Cap Two Hundred Sixteen Million Five Hundred Thousand Notional August Two Thousand Sixteen Maturity [Member] | Designated as Hedging Instrument [Member] | ' |
Derivative [Line Items] | ' |
Notional amount | 216,500 |
Fair Value Asset (Liability) | 389 |
Cash Flow Hedging [Member] | Interest Rate Cap Fifty Million Notional September Two Thousand Seventeen Maturity [Member] | Designated as Hedging Instrument [Member] | ' |
Derivative [Line Items] | ' |
Notional amount | 50,000 |
Fair Value Asset (Liability) | 637 |
Cash Flow Hedging [Member] | Interest Rate Cap Forty Million Notional September Two Thousand Seventeen Maturity [Member] | Designated as Hedging Instrument [Member] | ' |
Derivative [Line Items] | ' |
Notional amount | 40,000 |
Fair Value Asset (Liability) | 534 |
Cash Flow Hedging [Member] | Total Interest Rate Cap [Member] | Designated as Hedging Instrument [Member] | ' |
Derivative [Line Items] | ' |
Notional amount | 410,000 |
Fair Value Asset (Liability) | 1,663 |
Cash Flow Hedging [Member] | Interest Rate Swaps and Caps [Member] | Designated as Hedging Instrument [Member] | ' |
Derivative [Line Items] | ' |
Notional amount | 485,000 |
Fair Value Asset (Liability) | ($1,064) |
Derivative_Financial_Instrumen5
Derivative Financial Instruments Derivative Financial Instruments (Rollforward Of Amounts In Accumulated Other Comprehensive Income Related To Interest Rate Derivatives Designated As Cash Flow Hedges) (Detail) (Interest Rate Contract [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 |
Interest Rate Contract [Member] | ' | ' | ' | ' |
Rollforward of AOCI from Cash Flow Hedging Derivatives [Roll Forward] | ' | ' | ' | ' |
Unrealized loss at beginning of period | ($4,069) | ($7,199) | ($3,971) | ($8,673) |
Amount reclassified from accumulated other comprehensive income to interest expense on junior subordinated debentures | 521 | 1,583 | 1,014 | 3,122 |
Amount of loss recognized in other comprehensive income | -1,147 | 586 | -1,738 | 521 |
Unrealized loss at end of period | ($4,695) | ($5,030) | ($4,695) | ($5,030) |
Derivative_Financial_Instrumen6
Derivative Financial Instruments Derivative Financial Instruments (Derivatives Used To Hedge Changes In Fair Value Attributable To Interest Rate Risk) (Detail) (Fair Value Hedging [Member], Designated as Hedging Instrument [Member], Interest Rate Contract [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 |
Fair Value Hedging [Member] | Designated as Hedging Instrument [Member] | Interest Rate Contract [Member] | ' | ' | ' | ' |
Derivative [Line Items] | ' | ' | ' | ' |
Amount of Gain or (Loss) Recognized in Income on Derivative | ($26) | $67 | ($43) | $56 |
Amount of Gain or (Loss) Recognized in Income on Hedged Item | 25 | -57 | 40 | -47 |
Income Statement Gain/(Loss) due to Hedge Ineffectiveness | ($1) | $10 | ($3) | $9 |
Derivative_Financial_Instrumen7
Derivative Financial Instruments Derivative Financial Instruments (Summary Amounts Included In Consolidated Statement Of Income Related To Derivatives) (Detail) (USD $) | 3 Months Ended | 6 Months Ended | ||
In Thousands, unless otherwise specified | Jun. 30, 2014 | Jun. 30, 2013 | Jun. 30, 2014 | Jun. 30, 2013 |
Interest Rate Swaps and Caps [Member] | Trading Revenue [Member] | ' | ' | ' | ' |
Derivative Instruments, Gain (Loss) [Line Items] | ' | ' | ' | ' |
Derivative, Gain (Loss) on Derivative, Net | ($737) | $3,217 | ($1,414) | $2,920 |
Mortgage Banking Derivatives [Member] | Mortgage Banking Revenue [Member] | ' | ' | ' | ' |
Derivative Instruments, Gain (Loss) [Line Items] | ' | ' | ' | ' |
Derivative, Gain (Loss) on Derivative, Net | -4,885 | -2,368 | -1,208 | -3,038 |
Covered Call Options [Member] | Fees From Covered Call Options [Member] | ' | ' | ' | ' |
Derivative Instruments, Gain (Loss) [Line Items] | ' | ' | ' | ' |
Derivative, Gain (Loss) on Derivative, Net | 1,244 | 993 | 2,786 | 2,632 |
Foreign Exchange Contract [Member] | Trading Revenue [Member] | ' | ' | ' | ' |
Derivative Instruments, Gain (Loss) [Line Items] | ' | ' | ' | ' |
Derivative, Gain (Loss) on Derivative, Net | ($10) | $79 | ($11) | ($67) |
Derivative_Financial_Instrumen8
Derivative Financial Instruments Derivative Financial Instruments (Derivative Asset and Liability Balance Sheet Offsetting) (Detail) (USD $) | Jun. 30, 2014 | Dec. 31, 2013 | Jun. 30, 2013 | |
Derivative Assets | ' | ' | ' | |
Gross Amounts Recognized | $37,461,000 | $37,956,000 | $38,118,000 | |
Less: Amounts offset in the Statements of Financial Condition | 0 | 0 | 0 | |
Net amount presented in the Statements of Financial Condition | 37,461,000 | 37,956,000 | 38,118,000 | |
Offsetting Derivative Positions | -3,738,000 | -8,826,000 | -8,192,000 | |
Securities Collateral Posted | 0 | 0 | 0 | |
Net Credit Exposure | 33,723,000 | 29,130,000 | 29,926,000 | |
Derivative Liabilities | ' | ' | ' | |
Gross Amounts Recognized | 36,733,000 | 34,807,000 | 33,788,000 | |
Less: Amounts offset in the Statements of Financial Condition | 0 | 0 | 0 | |
Net amount presented in the Statements of Financial Condition | 36,733,000 | 34,807,000 | 33,788,000 | |
Offsetting Derivative Positions | -3,738,000 | -8,826,000 | -8,192,000 | |
Securities Collateral Posted | -26,354,000 | -25,981,000 | [1] | -25,027,000 |
Net Credit Exposure | 6,641,000 | 0 | 569,000 | |
Security Owned and Pledged as Collateral, Fair Value | ' | $34,600,000 | ' | |
[1] | As of December 31, 2013, the Company posted securities collateral of $34.6 million which resulted in excess collateral with its counterparties. For purposes of this disclosure, the amount of posted collateral is limited to the amount offsetting the derivative liability. |
Derivative_Financial_Instrumen9
Derivative Financial Instruments Derivative Financial Instruments (Narrative) (Detail) (USD $) | 3 Months Ended | 6 Months Ended | 6 Months Ended | 3 Months Ended | 6 Months Ended | 9 Months Ended | |||||||||||||||||||||||
Jun. 30, 2014 | Jun. 30, 2013 | Jun. 30, 2014 | Jun. 30, 2013 | Dec. 31, 2013 | Jun. 30, 2014 | Jun. 30, 2014 | Jun. 30, 2014 | Jun. 30, 2014 | Jun. 30, 2014 | Jun. 30, 2014 | Jun. 30, 2014 | Dec. 31, 2013 | Jun. 30, 2013 | Jun. 30, 2014 | Jun. 30, 2014 | Jun. 30, 2014 | Jun. 30, 2013 | Jun. 30, 2014 | Jun. 30, 2014 | Jun. 30, 2013 | Jun. 30, 2014 | Jun. 30, 2013 | Jun. 30, 2014 | Jun. 30, 2014 | Jun. 30, 2014 | Sep. 30, 2013 | Jun. 30, 2014 | Jun. 30, 2014 | |
Interest Rate Cap [Member] | Interest Rate Cap [Member] | Interest Rate Contract [Member] | Forward Commitments to Sell Mortgage Loans [Member] | Interest Rate Lock Commitments [Member] | Foreign Exchange Contract [Member] | Call Options Written [Member] | Call Options Written [Member] | Call Options Written [Member] | Minimum [Member] | Maximum [Member] | Cash Flow Hedging [Member] | Cash Flow Hedging [Member] | Fair Value Hedging [Member] | Fair Value Hedging [Member] | Fair Value Hedging [Member] | Fair Value Hedging [Member] | Fair Value Hedging [Member] | Cash flow hedge of variable rate deposits [Member] | Interest Rate Cap Two Hundred Sixteen Million Five Hundred Thousand Notional August Two Thousand Sixteen Maturity [Member] | Interest Rate Cap Forty Three Million Five Hundred Thousand Notional August Two Thousand Sixteen Maturity [Member] | Cash Flow Hedge of Junior Subordinated Debentures [Member] | Cash Flow Hedge of Junior Subordinated Debentures [Member] | Cash Flow Hedge of Junior Subordinated Debentures [Member] | ||||||
De-designated Hedge [Member] | Not Designated as Hedging Instrument [Member] | Not Designated as Hedging Instrument [Member] | derivative_instruments | derivative_instruments | derivative_instruments | Interest Rate Contract [Member] | Interest Rate Contract [Member] | Interest Rate Swap [Member] | Interest Rate Contract [Member] | Interest Rate Contract [Member] | Interest Rate Contract [Member] | Interest Rate Contract [Member] | Cash Flow Hedging [Member] | Cash Flow Hedging [Member] | Cash Flow Hedging [Member] | Cash Flow Hedging [Member] | Cash Flow Hedging [Member] | Cash Flow Hedging [Member] | |||||||||||
contracts | Designated as Hedging Instrument [Member] | Designated as Hedging Instrument [Member] | Designated as Hedging Instrument [Member] | Designated as Hedging Instrument [Member] | Designated as Hedging Instrument [Member] | Designated as Hedging Instrument [Member] | Designated as Hedging Instrument [Member] | Interest Rate Cap [Member] | Designated as Hedging Instrument [Member] | Designated as Hedging Instrument [Member] | Interest Rate Swap [Member] | Interest Rate Swap [Member] | Interest Rate Cap [Member] | ||||||||||||||||
derivative_instruments | Designated as Hedging Instrument [Member] | Designated as Hedging Instrument [Member] | Designated as Hedging Instrument [Member] | Designated as Hedging Instrument [Member] | |||||||||||||||||||||||||
derivative_instruments | derivative_instruments | derivative_instruments | |||||||||||||||||||||||||||
Derivative Instruments, Gain (Loss) [Line Items] | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Number of Interest Rate Derivatives Held | ' | ' | ' | ' | ' | ' | 6 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 3 | ' | ' | ' | ' | 2 | ' | ' | ' | 2 | 4 |
Notional amount | ' | ' | ' | ' | ' | $96,500,000 | $620,000,000 | $2,900,000,000 | $620,500,000 | $406,000,000 | $1,200,000 | ' | ' | ' | ' | ' | ' | ' | $5,500,000 | ' | ' | ' | ' | ' | $216,500,000 | $43,500,000 | ' | ' | $90,000,000 |
Gain (Loss) on Cash Flow Hedge Ineffectiveness, Net | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 0 | 0 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Amount reclassified from accumulated other comprehensive income to interest expense | ' | ' | 1,800,000 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Income Statement Gain/(Loss) due to Hedge Ineffectiveness | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | -1,000 | 10,000 | -3,000 | 9,000 | ' | ' | ' | ' | ' | ' |
Fair value hedges recognized interest income | 10,000 | 7,000 | 20,000 | 5,000 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Basis Amortization of Hedged item no longer in a Hedging Relationship | 43,000 | ' | 86,000 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Derivative, maturity date | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 31-Jul-14 | 31-Jan-33 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 30-Sep-13 | ' | ' |
Loans Held-for-sale, Fair Value Disclosure | 363,627,000 | 537,991,000 | 363,627,000 | 537,991,000 | 334,327,000 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Derivative, Number of Instruments Held | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 0 | 0 | 0 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Derivative, Net Liability Position, Aggregate Fair Value | $33,700,000 | ' | $33,700,000 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Recovered_Sheet4
Fair Values Of Assets And Liabilities (Summary Of Balances Of Assets And Liabilities Measured At Fair Value On A Recurring Basis) (Detail) (USD $) | Jun. 30, 2014 | Dec. 31, 2013 | Jun. 30, 2013 |
In Thousands, unless otherwise specified | |||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ' | ' | ' |
Available-for-sale securities, at fair value | $1,824,240 | $2,176,290 | $1,843,824 |
Trading account securities | 2,234 | 497 | 659 |
Derivative assets | 37,461 | 37,956 | 38,118 |
Derivative liabilities | 36,733 | 34,807 | 33,788 |
US Treasury Securities [Member] | ' | ' | ' |
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ' | ' | ' |
Available-for-sale securities, at fair value | 388,415 | 336,095 | 210,975 |
U.S. Government Agencies Debt Securities [Member] | ' | ' | ' |
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ' | ' | ' |
Available-for-sale securities, at fair value | 766,000 | 895,688 | 958,458 |
Municipal Bonds [Member] | ' | ' | ' |
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ' | ' | ' |
Available-for-sale securities, at fair value | 176,107 | 152,716 | 150,127 |
Asset-backed Securities [Member] | ' | ' | ' |
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ' | ' | ' |
Available-for-sale securities, at fair value | 303,563 | 605,225 | 332,767 |
Equity Securities [Member] | ' | ' | ' |
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ' | ' | ' |
Available-for-sale securities, at fair value | 54,852 | 51,528 | 49,564 |
Fair Value, Measurements, Recurring [Member] | ' | ' | ' |
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ' | ' | ' |
Trading account securities | 2,234 | 497 | 659 |
Mortgage loans held-for-sale | 363,627 | 332,485 | 525,027 |
Mortgage servicing rights | 8,227 | 8,946 | 8,636 |
Nonqualified deferred compensation assets | 7,850 | 7,222 | 6,793 |
Derivative assets | 50,967 | 48,221 | 60,554 |
Total | 2,257,145 | 2,573,661 | 2,445,493 |
Derivative liabilities | 43,650 | 37,264 | 37,654 |
Fair Value, Measurements, Recurring [Member] | US Treasury Securities [Member] | ' | ' | ' |
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ' | ' | ' |
Available-for-sale securities, at fair value | 388,415 | 336,095 | 210,975 |
Fair Value, Measurements, Recurring [Member] | U.S. Government Agencies Debt Securities [Member] | ' | ' | ' |
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ' | ' | ' |
Available-for-sale securities, at fair value | 766,000 | 895,688 | 958,458 |
Fair Value, Measurements, Recurring [Member] | Municipal Bonds [Member] | ' | ' | ' |
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ' | ' | ' |
Available-for-sale securities, at fair value | 176,107 | 152,716 | 150,127 |
Fair Value, Measurements, Recurring [Member] | Corporate Notes [Member] | ' | ' | ' |
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ' | ' | ' |
Available-for-sale securities, at fair value | 135,303 | 135,038 | 141,933 |
Fair Value, Measurements, Recurring [Member] | Asset-backed Securities [Member] | ' | ' | ' |
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ' | ' | ' |
Available-for-sale securities, at fair value | 303,563 | 605,225 | 332,767 |
Fair Value, Measurements, Recurring [Member] | Equity Securities [Member] | ' | ' | ' |
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ' | ' | ' |
Available-for-sale securities, at fair value | 54,852 | 51,528 | 49,564 |
Fair Value, Measurements, Recurring [Member] | Level 1 [Member] | ' | ' | ' |
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ' | ' | ' |
Trading account securities | ' | ' | ' |
Mortgage loans held-for-sale | ' | ' | ' |
Mortgage servicing rights | ' | ' | ' |
Nonqualified deferred compensation assets | ' | ' | ' |
Derivative assets | ' | ' | ' |
Total | ' | ' | ' |
Derivative liabilities | ' | ' | ' |
Fair Value, Measurements, Recurring [Member] | Level 1 [Member] | US Treasury Securities [Member] | ' | ' | ' |
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ' | ' | ' |
Available-for-sale securities, at fair value | ' | ' | ' |
Fair Value, Measurements, Recurring [Member] | Level 1 [Member] | U.S. Government Agencies Debt Securities [Member] | ' | ' | ' |
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ' | ' | ' |
Available-for-sale securities, at fair value | ' | ' | ' |
Fair Value, Measurements, Recurring [Member] | Level 1 [Member] | Municipal Bonds [Member] | ' | ' | ' |
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ' | ' | ' |
Available-for-sale securities, at fair value | ' | ' | ' |
Fair Value, Measurements, Recurring [Member] | Level 1 [Member] | Corporate Notes [Member] | ' | ' | ' |
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ' | ' | ' |
Available-for-sale securities, at fair value | ' | ' | ' |
Fair Value, Measurements, Recurring [Member] | Level 1 [Member] | Asset-backed Securities [Member] | ' | ' | ' |
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ' | ' | ' |
Available-for-sale securities, at fair value | ' | ' | ' |
Fair Value, Measurements, Recurring [Member] | Level 1 [Member] | Equity Securities [Member] | ' | ' | ' |
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ' | ' | ' |
Available-for-sale securities, at fair value | ' | ' | ' |
Fair Value, Measurements, Recurring [Member] | Level 2 [Member] | ' | ' | ' |
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ' | ' | ' |
Trading account securities | 2,234 | 497 | 659 |
Mortgage loans held-for-sale | 363,627 | 332,485 | 525,027 |
Mortgage servicing rights | 0 | 0 | 0 |
Nonqualified deferred compensation assets | 7,850 | 7,222 | 6,793 |
Derivative assets | 50,967 | 48,221 | 60,554 |
Total | 2,186,713 | 2,506,166 | 2,381,997 |
Derivative liabilities | 43,650 | 37,264 | 37,654 |
Fair Value, Measurements, Recurring [Member] | Level 2 [Member] | US Treasury Securities [Member] | ' | ' | ' |
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ' | ' | ' |
Available-for-sale securities, at fair value | 388,415 | 336,095 | 210,975 |
Fair Value, Measurements, Recurring [Member] | Level 2 [Member] | U.S. Government Agencies Debt Securities [Member] | ' | ' | ' |
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ' | ' | ' |
Available-for-sale securities, at fair value | 766,000 | 895,688 | 958,458 |
Fair Value, Measurements, Recurring [Member] | Level 2 [Member] | Municipal Bonds [Member] | ' | ' | ' |
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ' | ' | ' |
Available-for-sale securities, at fair value | 138,054 | 116,330 | 117,695 |
Fair Value, Measurements, Recurring [Member] | Level 2 [Member] | Corporate Notes [Member] | ' | ' | ' |
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ' | ' | ' |
Available-for-sale securities, at fair value | 135,303 | 135,038 | 141,933 |
Fair Value, Measurements, Recurring [Member] | Level 2 [Member] | Asset-backed Securities [Member] | ' | ' | ' |
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ' | ' | ' |
Available-for-sale securities, at fair value | 303,563 | 605,225 | 332,767 |
Fair Value, Measurements, Recurring [Member] | Level 2 [Member] | Equity Securities [Member] | ' | ' | ' |
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ' | ' | ' |
Available-for-sale securities, at fair value | 30,700 | 29,365 | 27,136 |
Fair Value, Measurements, Recurring [Member] | Level 3 [Member] | ' | ' | ' |
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ' | ' | ' |
Trading account securities | 0 | 0 | 0 |
Mortgage loans held-for-sale | 0 | 0 | 0 |
Mortgage servicing rights | ' | 8,946 | 8,636 |
Nonqualified deferred compensation assets | 0 | 0 | 0 |
Derivative assets | 0 | 0 | 0 |
Total | 70,432 | 67,495 | 63,496 |
Derivative liabilities | 0 | 0 | 0 |
Fair Value, Measurements, Recurring [Member] | Level 3 [Member] | US Treasury Securities [Member] | ' | ' | ' |
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ' | ' | ' |
Available-for-sale securities, at fair value | 0 | 0 | 0 |
Fair Value, Measurements, Recurring [Member] | Level 3 [Member] | U.S. Government Agencies Debt Securities [Member] | ' | ' | ' |
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ' | ' | ' |
Available-for-sale securities, at fair value | 0 | 0 | 0 |
Fair Value, Measurements, Recurring [Member] | Level 3 [Member] | Municipal Bonds [Member] | ' | ' | ' |
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ' | ' | ' |
Available-for-sale securities, at fair value | 38,053 | 36,386 | 32,432 |
Fair Value, Measurements, Recurring [Member] | Level 3 [Member] | Corporate Notes [Member] | ' | ' | ' |
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ' | ' | ' |
Available-for-sale securities, at fair value | 0 | 0 | 0 |
Fair Value, Measurements, Recurring [Member] | Level 3 [Member] | Asset-backed Securities [Member] | ' | ' | ' |
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ' | ' | ' |
Available-for-sale securities, at fair value | 0 | 0 | 0 |
Fair Value, Measurements, Recurring [Member] | Level 3 [Member] | Equity Securities [Member] | ' | ' | ' |
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ' | ' | ' |
Available-for-sale securities, at fair value | $24,152 | $22,163 | $22,428 |
Recovered_Sheet5
Fair Values Of Assets And Liabilities (Summary Of Changes In Level 3 Assets And Liabilities Measured At Fair Value On A Recurring Basis) (Detail) (USD $) | 3 Months Ended | 6 Months Ended | ||||||
In Thousands, unless otherwise specified | Jun. 30, 2014 | Jun. 30, 2013 | Jun. 30, 2014 | Jun. 30, 2013 | ||||
Mortgage Servicing Rights [Member] | ' | ' | ' | ' | ||||
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation, Calculation [Roll Forward] | ' | ' | ' | ' | ||||
Beginning Balance | $8,719 | $7,344 | $8,946 | $6,750 | ||||
Total net gains (losses) included in Net income | -492 | [1] | 1,292 | [2] | -719 | [1] | 1,886 | [2] |
Total net gains (losses) included in Other comprehensive income | ' | ' | ' | ' | ||||
Purchases | ' | ' | ' | ' | ||||
issuances | ' | ' | ' | ' | ||||
Sales | ' | ' | ' | ' | ||||
Settlements | ' | ' | ' | ' | ||||
Net transfers into Level 3 | ' | ' | ' | ' | ||||
Ending Balance | 8,227 | 8,636 | 8,227 | 8,636 | ||||
Municipal Bonds [Member] | ' | ' | ' | ' | ||||
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation, Calculation [Roll Forward] | ' | ' | ' | ' | ||||
Beginning Balance | 39,772 | 32,324 | 36,386 | 30,770 | ||||
Total net gains (losses) included in Net income | ' | ' | ' | ' | ||||
Total net gains (losses) included in Other comprehensive income | 73 | -302 | 220 | -314 | ||||
Purchases | 1,606 | 660 | 4,966 | 2,347 | ||||
issuances | ' | ' | ' | ' | ||||
Sales | ' | ' | ' | ' | ||||
Settlements | -3,398 | -250 | -3,519 | -371 | ||||
Net transfers into Level 3 | ' | ' | ' | ' | ||||
Ending Balance | 38,053 | 32,432 | 38,053 | 32,432 | ||||
Equity Securities [Member] | ' | ' | ' | ' | ||||
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation, Calculation [Roll Forward] | ' | ' | ' | ' | ||||
Beginning Balance | 23,438 | 24,470 | 22,163 | 22,169 | ||||
Total net gains (losses) included in Net income | ' | ' | ' | ' | ||||
Total net gains (losses) included in Other comprehensive income | 714 | -2,042 | 1,989 | 259 | ||||
Purchases | ' | ' | ' | ' | ||||
issuances | ' | ' | ' | ' | ||||
Sales | ' | ' | ' | ' | ||||
Settlements | ' | ' | ' | ' | ||||
Net transfers into Level 3 | ' | ' | ' | ' | ||||
Ending Balance | $24,152 | $22,428 | $24,152 | $22,428 | ||||
[1] | Changes in the balance of mortgage servicing rights are recorded as a component of mortgage banking revenue in non-interest income. | |||||||
[2] | (1)Changes in the balance of mortgage servicing rights are recorded as a component of mortgage banking revenue in non-interest income. |
Fair_Values_Of_Assets_And_Liab2
Fair Values Of Assets And Liabilities (Summary Of Assets Measured At Fair Value On A Nonrecurring Basis) (Detail) (USD $) | 3 Months Ended | 6 Months Ended | ||
In Thousands, unless otherwise specified | Jun. 30, 2014 | Jun. 30, 2014 | ||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ' | ' | ||
Fair Value Losses Recognized, Impaired loansbcollateral based | $6,133 | $13,697 | ||
Fair Value Losses Recognized, Other real estate owned | 2,761 | [1] | 8,933 | [1] |
Fair Value Losses Recognized, Total | 8,894 | 22,630 | ||
Fair Value, Measurements, Nonrecurring [Member] | ' | ' | ||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ' | ' | ||
Impaired loans - collateral based | 65,046 | 65,046 | ||
Other real estate owned | 115,584 | 115,584 | ||
Total | 180,630 | 180,630 | ||
Fair Value, Measurements, Nonrecurring [Member] | Level 1 [Member] | ' | ' | ||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ' | ' | ||
Impaired loans - collateral based | 0 | 0 | ||
Other real estate owned | 0 | 0 | ||
Total | 0 | 0 | ||
Fair Value, Measurements, Nonrecurring [Member] | Level 2 [Member] | ' | ' | ||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ' | ' | ||
Impaired loans - collateral based | 0 | 0 | ||
Other real estate owned | 0 | 0 | ||
Total | 0 | 0 | ||
Fair Value, Measurements, Nonrecurring [Member] | Level 3 [Member] | ' | ' | ||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ' | ' | ||
Impaired loans - collateral based | 65,046 | 65,046 | ||
Other real estate owned | 115,584 | 115,584 | ||
Total | $180,630 | $180,630 | ||
[1] | Fair value losses recognized, net on other real estate owned include valuation adjustments and charge-offs during the respective period. |
Fair_Value_Of_Assets_and_Liabi
Fair Value Of Assets and Liabilities (Schedule Of Valuation Techniques And Significant Unobservable Inputs Used To Measure Both Recurring And Non-Recurring) (Detail) (USD $) | 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 | Jun. 30, 2014 | Mar. 31, 2014 | Dec. 31, 2013 | Jun. 30, 2013 | Mar. 31, 2013 | Dec. 31, 2012 | Jun. 30, 2014 | Dec. 31, 2013 | Jun. 30, 2013 | Jun. 30, 2014 | Dec. 31, 2013 | Jun. 30, 2013 | Jun. 30, 2014 | Mar. 31, 2014 | Dec. 31, 2013 | Jun. 30, 2013 | Mar. 31, 2013 | Dec. 31, 2012 | 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 | Jun. 30, 2014 | Jun. 30, 2014 | Mar. 31, 2014 | Dec. 31, 2013 | Jun. 30, 2013 | Mar. 31, 2013 | Dec. 31, 2012 | Jun. 30, 2014 | Jun. 30, 2014 | Jun. 30, 2014 | Jun. 30, 2014 | Jun. 30, 2014 |
In Thousands, unless otherwise specified | Fair Value, Measurements, Recurring [Member] | Fair Value, Measurements, Recurring [Member] | Fair Value, Measurements, Recurring [Member] | Fair Value, Measurements, Nonrecurring [Member] | Level 3 [Member] | Level 3 [Member] | Level 3 [Member] | Impaired Loans [Member] | Other Real Estate Owned [Member] | Municipal Bonds [Member] | Municipal Bonds [Member] | Municipal Bonds [Member] | Municipal Bonds [Member] | Municipal Bonds [Member] | Municipal Bonds [Member] | Municipal Bonds [Member] | Municipal Bonds [Member] | Municipal Bonds [Member] | Municipal Bonds [Member] | Municipal Bonds [Member] | Municipal Bonds [Member] | Equity Securities [Member] | Equity Securities [Member] | Equity Securities [Member] | Equity Securities [Member] | Equity Securities [Member] | Equity Securities [Member] | Equity Securities [Member] | Equity Securities [Member] | Equity Securities [Member] | Equity Securities [Member] | Equity Securities [Member] | Equity Securities [Member] | Minimum [Member] | Minimum [Member] | Maximum [Member] | Maximum [Member] | Mortgage Servicing Rights [Member] | Mortgage Servicing Rights [Member] | Mortgage Servicing Rights [Member] | Mortgage Servicing Rights [Member] | Mortgage Servicing Rights [Member] | Mortgage Servicing Rights [Member] | Mortgage Servicing Rights [Member] | Mortgage Servicing Rights [Member] | Mortgage Servicing Rights [Member] | Mortgage Servicing Rights Discount Rate Input [Member] | Mortgage Servicing Rights Prepayment Rate Input [Member] | |||
Fair Value, Measurements, Recurring [Member] | Fair Value, Measurements, Recurring [Member] | Fair Value, Measurements, Nonrecurring [Member] | Level 3 [Member] | Level 3 [Member] | Fair Value, Measurements, Recurring [Member] | Fair Value, Measurements, Recurring [Member] | Fair Value, Measurements, Recurring [Member] | Level 3 [Member] | Level 3 [Member] | Level 3 [Member] | Fair Value, Measurements, Recurring [Member] | Fair Value, Measurements, Recurring [Member] | Fair Value, Measurements, Recurring [Member] | Level 3 [Member] | Level 3 [Member] | Level 3 [Member] | Other Real Estate Owned [Member] | Equity Securities [Member] | Other Real Estate Owned [Member] | Equity Securities [Member] | Level 3 [Member] | Minimum [Member] | Maximum [Member] | Level 3 [Member] | Level 3 [Member] | ||||||||||||||||||||||||||
Fair Value, Measurements, Nonrecurring [Member] | Fair Value, Measurements, Nonrecurring [Member] | Fair Value, Measurements, Recurring [Member] | Fair Value, Measurements, Recurring [Member] | Fair Value, Measurements, Recurring [Member] | Fair Value, Measurements, Recurring [Member] | Fair Value, Measurements, Recurring [Member] | Fair Value, Measurements, Recurring [Member] | Level 3 [Member] | Level 3 [Member] | Level 3 [Member] | Level 3 [Member] | Fair Value, Measurements, Recurring [Member] | Level 3 [Member] | Level 3 [Member] | Fair Value, Measurements, Recurring [Member] | Fair Value, Measurements, Recurring [Member] | |||||||||||||||||||||||||||||||||||
Fair Value, Measurements, Nonrecurring [Member] | Fair Value, Measurements, Recurring [Member] | Fair Value, Measurements, Nonrecurring [Member] | Fair Value, Measurements, Recurring [Member] | Fair Value, Measurements, Recurring [Member] | Fair Value, Measurements, Recurring [Member] | ||||||||||||||||||||||||||||||||||||||||||||||
Fair Value Measurements, Recurring and Nonrecurring, Valuation Techniques [Line Items] | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Available-for-sale securities, at fair value | $1,824,240 | $2,176,290 | $1,843,824 | ' | ' | ' | ' | ' | ' | ' | ' | ' | $176,107 | ' | $152,716 | $150,127 | ' | ' | $176,107 | $152,716 | $150,127 | $38,053 | $36,386 | $32,432 | $54,852 | ' | $51,528 | $49,564 | ' | ' | $54,852 | $51,528 | $49,564 | $24,152 | $22,163 | $22,428 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Fair Value, Measurement with Unobservable Inputs Reconciliation, Recurring Basis, Asset Value | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 38,053 | 39,772 | 36,386 | 32,432 | 32,324 | 30,770 | ' | ' | ' | ' | ' | ' | 24,152 | 23,438 | 22,163 | 22,428 | 24,470 | 22,169 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 8,227 | 8,719 | 8,946 | 8,636 | 7,344 | 6,750 | ' | ' | ' | ' | ' |
Impaired loans - collateral based | ' | ' | ' | ' | ' | ' | 65,046 | ' | ' | 65,046 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Other real estate owned | ' | ' | ' | ' | ' | ' | 115,584 | ' | ' | 115,584 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Valuation Methodology | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 'Appraisal value | 'Appraisal value | ' | ' | ' | ' | ' | ' | ' | ' | ' | 'Bond pricing | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 'Discounted cash flows | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 'Discounted cash flows | ' | ' | ' | ' |
Significant Unobservable Input | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 'Property specific valuation adjustment | ' | ' | ' | ' | ' | ' | ' | ' | ' | 'Equivalent rating | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 'Discount rate | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 'Discount rate | 'Constant prepayment rate (CPR) |
Level 3 Fair Value Measurements Range of Inputs | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | '(40)% - 55% | ' | ' | ' | ' | ' | ' | ' | ' | ' | 'BBB-AA+ | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | '1.24%-2.10% | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | '9.5%-13% | '11%-16% |
Weighted Average of Inputs | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | -2.81% | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 1.72% | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 9.66% | 12.68% |
Impact to valuation from an increased or higher input value | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 'Increase | ' | ' | ' | ' | ' | ' | ' | ' | ' | 'Increase | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 'Decrease | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 'Decrease | 'Decrease |
Fair Value Of Mortgage Servicing Rights | ' | ' | ' | $8,227 | $8,946 | $8,636 | ' | $8,946 | $8,636 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | $8,227 | ' | ' | ' | ' |
Fair Value Inputs, Discount Rate | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 1.24% | ' | 2.10% | ' | ' | ' | ' | ' | ' | ' | 9.50% | 13.00% | ' | ' |
Fair Value Inputs, Prepayment Rate | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 11.00% | 16.00% | ' | ' |
Fair Value Inputs, Property Specific Valuation Adjustment | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | -40.00% | ' | 55.00% | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Recovered_Sheet6
Fair Value Of Assets And Liabilities (Summary Of Carrying Amounts And Estimated Fair Values Of Financial Instruments) (Detail) (USD $) | Jun. 30, 2014 | Mar. 31, 2014 | Dec. 31, 2013 | Jun. 30, 2013 | Mar. 31, 2013 | Dec. 31, 2012 |
In Thousands, unless otherwise specified | ||||||
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items] | ' | ' | ' | ' | ' | ' |
Interest bearing deposits with banks | $506,871 | ' | $495,574 | $440,656 | ' | ' |
Available-for-sale securities, at fair value | 1,824,240 | ' | 2,176,290 | 1,843,824 | ' | ' |
Trading account securities | 2,234 | ' | 497 | 659 | ' | ' |
Brokerage customer receivables | 28,199 | ' | 30,953 | 26,214 | ' | ' |
Federal Home Loan Bank and Federal Reserve Bank stock, at cost | 84,531 | ' | 79,261 | 79,354 | ' | ' |
FDIC indemnification asset | 46,115 | 60,298 | 85,672 | 137,681 | 170,696 | 208,160 |
Federal Home Loan Bank advances | 580,582 | ' | 417,762 | 585,942 | ' | ' |
Subordinated notes | 140,000 | ' | 0 | 10,000 | ' | ' |
Other borrowings | 43,716 | ' | 254,740 | 252,776 | ' | ' |
Junior subordinated debentures | 249,493 | ' | 249,493 | 249,493 | ' | ' |
Fair Value [Member] | ' | ' | ' | ' | ' | ' |
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items] | ' | ' | ' | ' | ' | ' |
Cash and cash equivalents | 356,978 | ' | 263,864 | 233,299 | ' | ' |
Interest bearing deposits with banks | 506,871 | ' | 495,574 | 440,656 | ' | ' |
Available-for-sale securities, at fair value | 1,824,240 | ' | 2,176,290 | 1,843,824 | ' | ' |
Trading account securities | 2,234 | ' | 497 | 659 | ' | ' |
Brokerage customer receivables | 28,199 | ' | 30,953 | 26,214 | ' | ' |
Federal Home Loan Bank and Federal Reserve Bank stock, at cost | 84,531 | ' | 79,261 | 79,354 | ' | ' |
Mortgage loans held-for-sale, at fair value | 363,627 | ' | 332,485 | 525,027 | ' | ' |
Mortgage loans held-for-sale, at lower of cost or market | 0 | ' | 1,857 | 13,113 | ' | ' |
Total loans | 14,741,579 | ' | 13,867,255 | 13,613,298 | ' | ' |
Mortgage servicing rights | 8,227 | ' | 8,946 | 8,636 | ' | ' |
Nonqualified deferred compensation assets | 7,850 | ' | 7,222 | 6,793 | ' | ' |
Derivative assets | 50,967 | ' | 48,221 | 60,554 | ' | ' |
FDIC indemnification asset | 46,115 | ' | 85,672 | 137,681 | ' | ' |
Accrued interest receivable and other | 165,511 | ' | 163,732 | 163,703 | ' | ' |
Total financial assets | 18,186,929 | ' | 17,561,829 | 17,152,811 | ' | ' |
Non-maturity deposits | 11,314,162 | ' | 10,442,077 | 10,023,533 | ' | ' |
Deposits with stated maturities | 4,255,896 | ' | 4,242,172 | 4,359,361 | ' | ' |
Notes payable | 0 | ' | 364 | 1,729 | ' | ' |
Federal Home Loan Bank advances | 585,792 | ' | 422,750 | 591,183 | ' | ' |
Subordinated notes | 144,899 | ' | 0 | 10,000 | ' | ' |
Other borrowings | 43,716 | ' | 254,740 | 252,776 | ' | ' |
Junior subordinated debentures | 250,492 | ' | 250,672 | 250,597 | ' | ' |
Derivative liabilities | 43,650 | ' | 37,264 | 37,654 | ' | ' |
Interest Payable, Current | 8,399 | ' | 8,556 | 11,293 | ' | ' |
Total financial liabilities | 16,647,006 | ' | 15,658,595 | 15,538,126 | ' | ' |
Carrying Value [Member] | ' | ' | ' | ' | ' | ' |
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items] | ' | ' | ' | ' | ' | ' |
Cash and cash equivalents | 356,978 | ' | 263,864 | 233,299 | ' | ' |
Interest bearing deposits with banks | 506,871 | ' | 495,574 | 440,656 | ' | ' |
Available-for-sale securities, at fair value | 1,824,240 | ' | 2,176,290 | 1,843,824 | ' | ' |
Trading account securities | 2,234 | ' | 497 | 659 | ' | ' |
Brokerage customer receivables | 28,199 | ' | 30,953 | 26,214 | ' | ' |
Federal Home Loan Bank and Federal Reserve Bank stock, at cost | 84,531 | ' | 79,261 | 79,354 | ' | ' |
Mortgage loans held-for-sale, at fair value | 363,627 | ' | 332,485 | 525,027 | ' | ' |
Mortgage loans held-for-sale, at lower of cost or market | 0 | ' | 1,842 | 12,964 | ' | ' |
Total loans | 14,025,150 | ' | 13,243,033 | 12,971,494 | ' | ' |
Mortgage servicing rights | 8,227 | ' | 8,946 | 8,636 | ' | ' |
Nonqualified deferred compensation assets | 7,850 | ' | 7,222 | 6,793 | ' | ' |
Derivative assets | 50,967 | ' | 48,221 | 60,554 | ' | ' |
FDIC indemnification asset | 46,115 | ' | 85,672 | 137,681 | ' | ' |
Accrued interest receivable and other | 165,511 | ' | 163,732 | 163,703 | ' | ' |
Total financial assets | 17,470,500 | ' | 16,937,592 | 16,510,858 | ' | ' |
Non-maturity deposits | 11,314,162 | ' | 10,442,077 | 10,023,533 | ' | ' |
Deposits with stated maturities | 4,242,214 | ' | 4,226,712 | 4,342,321 | ' | ' |
Notes payable | 0 | ' | 364 | 1,729 | ' | ' |
Federal Home Loan Bank advances | 580,582 | ' | 417,762 | 585,942 | ' | ' |
Subordinated notes | 140,000 | ' | 0 | 10,000 | ' | ' |
Other borrowings | 43,716 | ' | 254,740 | 252,776 | ' | ' |
Junior subordinated debentures | 249,493 | ' | 249,493 | 249,493 | ' | ' |
Derivative liabilities | 43,650 | ' | 37,264 | 37,654 | ' | ' |
Interest Payable, Current | 8,399 | ' | 8,556 | 11,293 | ' | ' |
Total financial liabilities | $16,622,216 | ' | $15,636,968 | $15,514,741 | ' | ' |
Fair_Values_Of_Assets_And_Liab3
Fair Values Of Assets And Liabilities (Narrative) (Detail) (USD $) | Jun. 30, 2014 | Mar. 31, 2014 | Dec. 31, 2013 | Jun. 30, 2013 | Jun. 30, 2014 | Mar. 31, 2014 | Dec. 31, 2013 | Jun. 30, 2013 | Mar. 31, 2013 | Dec. 31, 2012 | Jun. 30, 2014 | Mar. 31, 2014 | Dec. 31, 2013 | Jun. 30, 2013 | Mar. 31, 2013 | Dec. 31, 2012 | 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 | 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 | Jun. 30, 2014 | Jun. 30, 2014 | Jun. 30, 2014 | Jun. 30, 2014 | Jun. 30, 2014 | Dec. 31, 2013 | Jun. 30, 2013 | Jun. 30, 2014 | Jun. 30, 2014 | Mar. 31, 2014 | Dec. 31, 2013 | Jun. 30, 2013 | Mar. 31, 2013 | Dec. 31, 2012 | Jun. 30, 2014 | Jun. 30, 2014 | Jun. 30, 2014 | Jun. 30, 2014 | |||
Municipal Bonds [Member] | Municipal Bonds [Member] | Municipal Bonds [Member] | Municipal Bonds [Member] | Municipal Bonds [Member] | Municipal Bonds [Member] | Equity Securities [Member] | Equity Securities [Member] | Equity Securities [Member] | Equity Securities [Member] | Equity Securities [Member] | Equity Securities [Member] | Fair Value, Measurements, Recurring [Member] | Fair Value, Measurements, Recurring [Member] | Fair Value, Measurements, Recurring [Member] | Fair Value, Measurements, Recurring [Member] | Fair Value, Measurements, Recurring [Member] | Fair Value, Measurements, Recurring [Member] | Fair Value, Measurements, Recurring [Member] | Fair Value, Measurements, Recurring [Member] | Fair Value, Measurements, Recurring [Member] | Fair Value, Measurements, Nonrecurring [Member] | Level 3 [Member] | Level 3 [Member] | Level 3 [Member] | Level 3 [Member] | Level 3 [Member] | Level 3 [Member] | Level 3 [Member] | Level 3 [Member] | Level 3 [Member] | Level 3 [Member] | Level 3 [Member] | Level 3 [Member] | Level 3 [Member] | Level 3 [Member] | Level 3 [Member] | Level 3 [Member] | Estimate of Fair Value Measurement [Member] | Estimate of Fair Value Measurement [Member] | Estimate of Fair Value Measurement [Member] | Valued Using Discounted Cash Flow Model [Member] | Mortgage Servicing Rights [Member] | Mortgage Servicing Rights [Member] | Mortgage Servicing Rights [Member] | Mortgage Servicing Rights [Member] | Mortgage Servicing Rights [Member] | Mortgage Servicing Rights [Member] | Mortgage Servicing Rights [Member] | Mortgage Servicing Rights [Member] | Mortgage Servicing Rights [Member] | Mortgage Servicing Rights [Member] | ||||||||
Municipal Bonds [Member] | Municipal Bonds [Member] | Municipal Bonds [Member] | Equity Securities [Member] | Equity Securities [Member] | Equity Securities [Member] | Fair Value, Measurements, Recurring [Member] | Fair Value, Measurements, Recurring [Member] | Fair Value, Measurements, Recurring [Member] | Fair Value, Measurements, Recurring [Member] | Fair Value, Measurements, Recurring [Member] | Fair Value, Measurements, Recurring [Member] | Fair Value, Measurements, Recurring [Member] | Fair Value, Measurements, Recurring [Member] | Fair Value, Measurements, Recurring [Member] | Fair Value, Measurements, Recurring [Member] | Fair Value, Measurements, Recurring [Member] | Fair Value, Measurements, Recurring [Member] | Fair Value, Measurements, Nonrecurring [Member] | Other Real Estate Owned [Member] | Other Real Estate Owned [Member] | Other Real Estate Owned [Member] | Level 3 [Member] | Level 3 [Member] | Level 3 [Member] | Level 3 [Member] | ||||||||||||||||||||||||||||||||||
Municipal Bonds [Member] | Municipal Bonds [Member] | Municipal Bonds [Member] | Equity Securities [Member] | Equity Securities [Member] | Equity Securities [Member] | Equity Securities [Member] | Equity Securities [Member] | Equity Securities [Member] | Fair Value, Measurements, Nonrecurring [Member] | Fair Value, Measurements, Nonrecurring [Member] | Fair Value, Measurements, Nonrecurring [Member] | Fair Value, Measurements, Recurring [Member] | Fair Value, Measurements, Recurring [Member] | Fair Value, Measurements, Recurring [Member] | Fair Value, Measurements, Recurring [Member] | ||||||||||||||||||||||||||||||||||||||||||||
Minimum [Member] | Maximum [Member] | Weighted Average [Member] | Minimum [Member] | Maximum [Member] | Minimum [Member] | Maximum [Member] | Weighted Average [Member] | ||||||||||||||||||||||||||||||||||||||||||||||||||||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | |||
Available-for-sale Securities | $1,824,240,000 | ' | $2,176,290,000 | $1,843,824,000 | $176,107,000 | ' | $152,716,000 | $150,127,000 | ' | ' | $54,852,000 | ' | $51,528,000 | $49,564,000 | ' | ' | ' | ' | ' | $176,107,000 | $152,716,000 | $150,127,000 | $54,852,000 | $51,528,000 | $49,564,000 | ' | ' | ' | ' | $38,053,000 | $36,386,000 | $32,432,000 | $24,152,000 | $22,163,000 | $22,428,000 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | |||
Fair Value, Measurement with Unobservable Inputs Reconciliation, Recurring Basis, Asset Value | ' | ' | ' | ' | 38,053,000 | 39,772,000 | 36,386,000 | 32,432,000 | 32,324,000 | 30,770,000 | 24,152,000 | 23,438,000 | 22,163,000 | 22,428,000 | 24,470,000 | 22,169,000 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 8,227,000 | 8,719,000 | 8,946,000 | 8,636,000 | 7,344,000 | 6,750,000 | ' | ' | ' | ' | |||
Fair Value Inputs, Discount Rate | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 1.24% | 2.10% | 1.72% | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 9.50% | 13.00% | 9.66% | |||
Fair Value Of Mortgage Servicing Rights | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 8,227,000 | 8,946,000 | 8,636,000 | ' | ' | ' | ' | ' | ' | ' | ' | 8,946,000 | 8,636,000 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 8,227,000 | ' | ' | ' | |||
Fair Value Inputs, Prepayment Rate | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 11.00% | 16.00% | 12.68% | |||
Remaining contractual principal balance outstanding, mortgage loans held-for-sale | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 340,500,000 | 314,900,000 | 539,500,000 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | |||
Mortgage loans held-for-sale | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 363,627,000 | 332,485,000 | 525,027,000 | ' | ' | ' | ' | ' | ' | ' | 0 | 0 | 0 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | |||
Mortgages held for sale, past due 90 days and accruing | ' | 0 | 0 | 0 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | |||
Total impaired loans | 137,245,000 | [1] | ' | 162,229,000 | [1] | 190,148,000 | [1] | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 72,200,000 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Impaired Loans Fair Value Disclosure | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 65,046,000 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 65,046,000 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | |||
Other real estate owned | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | $115,584,000 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | $115,584,000 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | |||
Fair Value Inputs, Property Specific Valuation Adjustment | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | -40.00% | 55.00% | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | |||
Level Three Fair Value Measurements Weighted Average Percentage | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 1.72% | ' | ' | ' | ' | ' | ' | -2.81% | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | |||
[1] | Impaired loans are considered by the Company to be non-accrual loans, TDRs or loans with principal and/or interest at risk, even if the loan is current with all payments of principal and interest. |
StockBased_Compensation_Plans_1
Stock-Based Compensation Plans (Weighted Average Assumptions Used To Determine The Options Fair Value) (Detail) | 6 Months Ended | |
Jun. 30, 2014 | Jun. 30, 2013 | |
Share-based Compensation [Abstract] | ' | ' |
Expected dividend yield | 0.40% | 0.50% |
Expected volatility | 30.80% | 59.60% |
Risk-free rate | 0.70% | 0.70% |
Expected option life (in years) | '4 years 6 months | '4 years 6 months |
StockBased_Compensation_Plans_2
Stock-Based Compensation Plans (Summary Of Stock Option Activity) (Detail) (USD $) | 6 Months Ended | |||
In Thousands, except Share data, unless otherwise specified | Jun. 30, 2014 | Jun. 30, 2013 | ||
Share-based Compensation Arrangement by Share-based Payment Award, Options, Outstanding [Roll Forward] | ' | ' | ||
Common Shares, Outstanding at beginning of the period | 1,524,672 | 1,745,427 | ||
Common Shares, Granted | 364,767 | 223,995 | ||
Common Shares, Exercised | -88,141 | -44,658 | ||
Common Shares, Forfeited or canceled | -43,617 | -16,765 | ||
Common Shares, Outstanding at end of the period | 1,757,681 | 1,907,999 | ||
Share-based Compensation Arrangement by Share-based Payment Award, Options, Outstanding, Weighted Average Exercise Price [Roll Forward] | ' | ' | ||
Weighted Average Strike Price, Outstanding at beginning of period | $42 | $42.31 | ||
Weighted Average Strike Price, Granted | $46.85 | $37.81 | ||
Weighted Average Strike Price, Exercised | $34.66 | $28.27 | ||
Weighted Average Strike Price, Forfeited or canceled | $45.56 | $38.64 | ||
Weighted Average Strike Price, Outstanding at end of period | $43.29 | $42.15 | ||
Stock Options, Exercisable | 1,143,629 | 1,399,796 | ||
Stock Options, Weighted Average Strike Price, Exercisable | $43.98 | $45.04 | ||
Stock Options, Remaining Contractual Term, Outstanding, Years | '3 years 6 months 0 days | [1] | '3 years 1 month 6 days | [1] |
Stock Options, Remaining Contractual Term, Exercisable, Years | '2 years 2 months 12 days | [1] | '2 years 1 month 6 days | [1] |
Stock Options, Intrinsic Value, Outstanding | $9,833 | [2] | $4,634 | [2] |
Stock Options, Intrinsic Value, Exercisable | $7,066 | [2] | $2,552 | [2] |
[1] | (1)Represents the remaining weighted average contractual life in years. | |||
[2] | Aggregate intrinsic value represents the total pre-tax intrinsic value (i.e., the difference between the Company's stock price on the last trading day of the quarter and the option exercise price, multiplied by the number of shares) that would have been received by the option holders if they had exercised their options on the last day of the quarter. Options with exercise prices above the stock price on the last trading day of the quarter are excluded from the calculation of intrinsic value. The intrinsic value will change based on the fair market value of the Company's stock. |
StockBased_Compensation_Plans_3
Stock-Based Compensation Plans (Summary Of Plans' Restricted Share And Performance-Vested Stock Award Activity) (Detail) (USD $) | 6 Months Ended | |||
Jun. 30, 2014 | Jun. 30, 2013 | Dec. 31, 2013 | Dec. 31, 2012 | |
Restricted Stock [Member] | ' | ' | ' | ' |
Share-based Compensation Arrangement by Share-based Payment Award, Equity Instruments Other than Options, Nonvested, Weighted Average Grant Date Fair Value [Roll Forward] | ' | ' | ' | ' |
Shares, Beginning of the Period | 181,522 | 314,226 | ' | ' |
Shares, Granted | 11,430 | 686 | ' | ' |
Shares, Vested and issued | -32,328 | -121,472 | ' | ' |
Shares, Forfeited | -5,387 | -872 | ' | ' |
Shares, Outstanding, End of the Period | 155,237 | 192,568 | ' | ' |
Shares, Vested, but not issuable | 85,000 | 85,000 | ' | ' |
Weighted Average Grant-Date Fair Value | $45.65 | $41.74 | $43.39 | $37.99 |
Weighted Average Grant-Date Fair Value, Granted | $46.10 | $35.92 | ' | ' |
Weighted Average Grant-Date Fair Value, Vested and issued | $34.57 | $32.06 | ' | ' |
Weighted Average Grant-Date Fair Value, Forfeited | $36.89 | $32.42 | ' | ' |
Weighted Average Grant-Date Fair Value, Vested, but not issuable | $51.88 | $51.88 | ' | ' |
Performance Shares [Member] | ' | ' | ' | ' |
Share-based Compensation Arrangement by Share-based Payment Award, Equity Instruments Other than Options, Nonvested, Weighted Average Grant Date Fair Value [Roll Forward] | ' | ' | ' | ' |
Shares, Beginning of the Period | 307,512 | 214,565 | ' | ' |
Shares, Granted | 93,123 | 103,987 | ' | ' |
Shares, Vested and issued | -15,944 | 0 | ' | ' |
Shares, Forfeited | -87,046 | -6,441 | ' | ' |
Shares, Outstanding, End of the Period | 297,645 | 312,111 | ' | ' |
Weighted Average Grant-Date Fair Value | $38.18 | $33.96 | $34.01 | $32.08 |
Weighted Average Grant-Date Fair Value, Granted | $46.85 | $37.81 | ' | ' |
Weighted Average Grant-Date Fair Value, Vested and issued | $33.28 | $0 | ' | ' |
Weighted Average Grant-Date Fair Value, Forfeited | $33.64 | $33.64 | ' | ' |
StockBased_Compensation_Plans_4
Stock-Based Compensation Plans (Narrative) (Detail) (USD $) | 3 Months Ended | 6 Months Ended | 6 Months Ended | 3 Months Ended | |||||||||||||||
Jun. 30, 2014 | Jun. 30, 2013 | Jun. 30, 2014 | Jun. 30, 2013 | Jun. 30, 2014 | 31-May-11 | 31-May-09 | Jan. 31, 2007 | Jun. 30, 2014 | Jun. 30, 2014 | Jun. 30, 2014 | Jun. 30, 2014 | Jun. 30, 2014 | Jun. 30, 2014 | Jun. 30, 2014 | Jun. 30, 2014 | Mar. 31, 2014 | Mar. 31, 2014 | Jun. 30, 2014 | |
Rate | Two Thousand And Seven Plan [Member] | Two Thousand And Seven Plan [Member] | Two Thousand And Seven Plan [Member] | Two Thousand And Seven Plan [Member] | Two Thousand And Seven Plan [Member] | Two Thousand And Seven Plan [Member] | Nineteen Ninety Seven Plan [Member] | Restricted Stock [Member] | Restricted Stock [Member] | Ltip Awards [Member] | Ltip Awards [Member] | Ltip Awards [Member] | LTIP Performance-Based Stock Awards [Member] | LTIP Performance-Based Cash Awards [Member] | Performance Shares [Member] | ||||
Minimum [Member] | Maximum [Member] | Maximum [Member] | Minimum [Member] | Maximum [Member] | Minimum [Member] | Maximum [Member] | |||||||||||||
Rate | Rate | ||||||||||||||||||
Share-based Compensation Arrangement by Share-based Payment Award [Line Items] | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Shares approved for issuance | ' | ' | ' | ' | ' | ' | ' | 500,000 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Shares additionally approved for issuance | ' | ' | ' | ' | ' | 2,860,000 | 325,000 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Shares available for future grants | ' | ' | ' | ' | 389,125 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Award vesting period, maximum, years | ' | ' | ' | ' | ' | ' | ' | ' | '3 years | '5 years | ' | '1 year | '5 years | '3 years | ' | ' | ' | ' | ' |
Share based payment award options term | ' | ' | ' | ' | ' | ' | ' | ' | ' | '7 years | '10 years | ' | ' | '7 years | ' | ' | ' | ' | ' |
Allocated Share-based Compensation Expense | $2,100,000 | $2,200,000 | $5,900,000 | $4,500,000 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Deferred Compensation Arrangement with Individual, Compensation Expense | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 2,100,000 | 3,000,000 | ' |
Weighted average grant date fair value per share of options granted | ' | ' | $11.96 | $17.55 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Aggregate intrinsic value of options exercised | ' | ' | $1,000,000 | $375,000 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Percentage Of Performance Based Award Payouts | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 0.00% | 200.00% | ' | ' | ' |
Percentage Of Awards Paid In Performance Shares | ' | ' | 17.00% | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Share Based Payment Award Shares Not Issued And Available For Future Use | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 77,288 |
Recovered_Sheet7
Shareholders' Equity And Earnings Per Share (Aggregate Fair Values Assigned To Each Component Of Tangible Equity Units Offering) (Detail) (USD $) | 12 Months Ended | ||
In Thousands, except Per Share data, unless otherwise specified | Dec. 31, 2010 | Dec. 07, 2010 | |
DisclosureShareholdersEquityAndEarningsPerShareAggregateFairValuesAssignedToEachComponent [Line Items] | ' | ' | |
Units issued | ' | 4,600 | [1] |
Unit price | ' | $50 | |
Gross proceeds | ' | $230,000 | |
Issuance costs, including discount | ' | 7,353 | |
Net proceeds | 222,647 | ' | |
Tangible equity unit components | ' | 2 | |
Equity Component | ' | ' | |
DisclosureShareholdersEquityAndEarningsPerShareAggregateFairValuesAssignedToEachComponent [Line Items] | ' | ' | |
Units issued | ' | 4,600 | [1] |
Unit price | ' | $40.27 | |
Gross proceeds | ' | 185,250 | |
Issuance costs, including discount | ' | 5,934 | |
Net proceeds | 179,316 | ' | |
Tangible equity unit components | ' | 1 | |
Borrowings | ' | ' | |
DisclosureShareholdersEquityAndEarningsPerShareAggregateFairValuesAssignedToEachComponent [Line Items] | ' | ' | |
Tangible equity unit components | ' | 1 | |
Debt Component | ' | ' | |
DisclosureShareholdersEquityAndEarningsPerShareAggregateFairValuesAssignedToEachComponent [Line Items] | ' | ' | |
Units issued | ' | 4,600 | [1] |
Unit price | ' | $9.73 | |
Gross proceeds | ' | 44,750 | |
Issuance costs, including discount | ' | 1,419 | |
Net proceeds | 43,331 | ' | |
Borrowings | ' | ' | |
DisclosureShareholdersEquityAndEarningsPerShareAggregateFairValuesAssignedToEachComponent [Line Items] | ' | ' | |
Net proceeds | 43,331 | ' | |
Borrowings | Equity Component | ' | ' | |
DisclosureShareholdersEquityAndEarningsPerShareAggregateFairValuesAssignedToEachComponent [Line Items] | ' | ' | |
Net proceeds | 0 | ' | |
Borrowings | Debt Component | ' | ' | |
DisclosureShareholdersEquityAndEarningsPerShareAggregateFairValuesAssignedToEachComponent [Line Items] | ' | ' | |
Net proceeds | 43,331 | ' | |
Surplus | ' | ' | |
DisclosureShareholdersEquityAndEarningsPerShareAggregateFairValuesAssignedToEachComponent [Line Items] | ' | ' | |
Net proceeds | 179,316 | ' | |
Surplus | Equity Component | ' | ' | |
DisclosureShareholdersEquityAndEarningsPerShareAggregateFairValuesAssignedToEachComponent [Line Items] | ' | ' | |
Net proceeds | 179,316 | ' | |
Surplus | Debt Component | ' | ' | |
DisclosureShareholdersEquityAndEarningsPerShareAggregateFairValuesAssignedToEachComponent [Line Items] | ' | ' | |
Net proceeds | $0 | ' | |
[1] | TEUs consisted of two components: one unit of the equity component and one unit of the debt component. |
Recovered_Sheet8
Shareholders' Equity And Earnings Per Share (Components Of Other Comprehensive Income (Loss)) (Detail) (USD $) | 3 Months Ended | 6 Months Ended | ||
In Thousands, unless otherwise specified | Jun. 30, 2014 | Jun. 30, 2013 | Jun. 30, 2014 | Jun. 30, 2013 |
Activity Accumulated Other Comprehensive Income [Roll Forward] | ' | ' | ' | ' |
Balance at beginning of period | ($56,753) | ($1,067) | ($63,036) | $7,711 |
Other comprehensive income (loss) during the period, net of tax, before reclassifications | 21,733 | -49,089 | 27,699 | -58,643 |
Amount reclassified from accumulated other comprehensive income (loss), net of tax | 517 | 952 | 834 | 1,728 |
Net other comprehensive income (loss) during the period, net of tax | 22,250 | -48,137 | 28,533 | -56,915 |
Balance at end of period | -34,503 | -49,204 | -34,503 | -49,204 |
Accumulated Unrealized (Losses) Gains on Securities | ' | ' | ' | ' |
Activity Accumulated Other Comprehensive Income [Roll Forward] | ' | ' | ' | ' |
Balance at beginning of period | -39,923 | 1,910 | -53,665 | 6,710 |
Other comprehensive income (loss) during the period, net of tax, before reclassifications | 15,717 | -43,122 | 29,439 | -47,771 |
Amount reclassified from accumulated other comprehensive income (loss), net of tax | 203 | -1 | 223 | -152 |
Net other comprehensive income (loss) during the period, net of tax | 15,920 | -43,123 | 29,662 | -47,923 |
Balance at end of period | -24,003 | -41,213 | -24,003 | -41,213 |
Accumulated Unrealized Losses on Derivative Instruments | ' | ' | ' | ' |
Activity Accumulated Other Comprehensive Income [Roll Forward] | ' | ' | ' | ' |
Balance at beginning of period | -2,521 | -4,404 | -2,462 | -5,292 |
Other comprehensive income (loss) during the period, net of tax, before reclassifications | -691 | 351 | -1,047 | 312 |
Amount reclassified from accumulated other comprehensive income (loss), net of tax | 314 | 953 | 611 | 1,880 |
Net other comprehensive income (loss) during the period, net of tax | -377 | 1,304 | -436 | 2,192 |
Balance at end of period | -2,898 | -3,100 | -2,898 | -3,100 |
Accumulated Foreign Currency Translation Adjustment | ' | ' | ' | ' |
Activity Accumulated Other Comprehensive Income [Roll Forward] | ' | ' | ' | ' |
Balance at beginning of period | -14,309 | 1,427 | -6,909 | 6,293 |
Other comprehensive income (loss) during the period, net of tax, before reclassifications | 6,707 | -6,318 | -693 | -11,184 |
Amount reclassified from accumulated other comprehensive income (loss), net of tax | 0 | 0 | 0 | 0 |
Net other comprehensive income (loss) during the period, net of tax | 6,707 | -6,318 | -693 | -11,184 |
Balance at end of period | ($7,602) | ($4,891) | ($7,602) | ($4,891) |
Shareholders_Equity_and_Earnin2
Shareholders' Equity and Earnings Per Share Shareholders' Equity And Earnings Per Share (Other Comprehensive Income Reclassified from AOCI) (Detail) (USD $) | 3 Months Ended | 6 Months Ended | ||
In Thousands, unless otherwise specified | Jun. 30, 2014 | Jun. 30, 2013 | Jun. 30, 2014 | Jun. 30, 2013 |
Reclassification Adjustment out of Accumulated Other Comprehensive Income on Derivatives [Line Items] | ' | ' | ' | ' |
(Losses) gains on available-for-sale securities, net | ($336) | $2 | ($369) | $253 |
Interest on junior subordinated debentures | 2,042 | 3,142 | 4,046 | 6,261 |
Income before taxes | 63,031 | 56,250 | 119,371 | 108,536 |
Income tax expense | -24,490 | -21,943 | -46,330 | -42,177 |
Net income | 38,541 | 34,307 | 73,041 | 66,359 |
Accumulated Unrealized (Losses) Gains on Securities | Reclassification Out of Accumulated Other Comprehensive Income [Member] | ' | ' | ' | ' |
Reclassification Adjustment out of Accumulated Other Comprehensive Income on Derivatives [Line Items] | ' | ' | ' | ' |
(Losses) gains on available-for-sale securities, net | -336 | 2 | -369 | 253 |
Income before taxes | -336 | 2 | -369 | 253 |
Income tax expense | 133 | -1 | 146 | -101 |
Net income | -203 | 1 | -223 | 152 |
Accumulated Unrealized Losses on Derivative Instruments | Reclassification Out of Accumulated Other Comprehensive Income [Member] | ' | ' | ' | ' |
Reclassification Adjustment out of Accumulated Other Comprehensive Income on Derivatives [Line Items] | ' | ' | ' | ' |
Interest on junior subordinated debentures | 521 | 1,583 | 1,014 | 3,122 |
Income before taxes | -521 | -1,583 | -1,014 | -3,122 |
Income tax expense | 207 | 630 | 403 | 1,242 |
Net income | ($314) | ($953) | ($611) | ($1,880) |
Recovered_Sheet9
Shareholders' Equity And Earnings Per Share (Computation Of Basic And Diluted Earnings Per Common Share) (Detail) (USD $) | 3 Months Ended | 6 Months Ended | ||
In Thousands, except Per Share data, unless otherwise specified | Jun. 30, 2014 | Jun. 30, 2013 | Jun. 30, 2014 | Jun. 30, 2013 |
Earnings Per Share, Basic and Diluted, Other Disclosures [Abstract] | ' | ' | ' | ' |
Net income | $38,541 | $34,307 | $73,041 | $66,359 |
Less: Preferred stock dividends and discount accretion | 1,581 | 2,617 | 3,162 | 5,233 |
Net income applicable to common shares - Basic | 36,960 | 31,690 | 69,879 | 61,126 |
Add: Dividends on convertible preferred stock, if dilutive | 1,581 | 2,581 | 3,162 | 5,162 |
Net income applicable to common shares - Diluted | $38,541 | $34,271 | $73,041 | $66,288 |
Weighted average common shares outstanding | 46,520 | 37,486 | 46,358 | 37,231 |
Effect of dilutive potential common shares | ' | ' | ' | ' |
Common stock equivalents | 1,327 | 7,334 | 1,381 | 7,343 |
Convertible preferred stock, if dilutive | 3,075 | 5,020 | 3,075 | 5,020 |
Total dilutive potential common shares | 4,402 | 12,354 | 4,456 | 12,363 |
Average common shares and dilutive common shares | 50,922 | 49,840 | 50,814 | 49,594 |
Net income per common share-Basic | $0.79 | $0.85 | $1.51 | $1.64 |
Net income per common share-Diluted | $0.76 | $0.69 | $1.44 | $1.34 |
Shareholders_Equity_And_Earnin3
Shareholders' Equity And Earnings Per Share (Narrative) (Detail) (USD $) | 0 Months Ended | 1 Months Ended | 3 Months Ended | 6 Months Ended | 12 Months Ended | 1 Months Ended | 1 Months Ended | 3 Months Ended | 0 Months Ended | 6 Months Ended | 12 Months Ended | 6 Months Ended | 12 Months Ended | 0 Months Ended | 12 Months Ended | 0 Months Ended | 12 Months Ended | |||||||||||||||||||||||
Dec. 19, 2008 | Apr. 30, 2014 | Feb. 28, 2014 | Jan. 31, 2014 | Feb. 28, 2013 | Mar. 31, 2012 | Jun. 30, 2014 | Jun. 30, 2013 | Jun. 30, 2014 | Jun. 30, 2013 | Dec. 31, 2010 | Dec. 31, 2013 | Jul. 19, 2013 | Dec. 07, 2010 | Jul. 19, 2013 | Aug. 31, 2008 | Jun. 30, 2014 | Dec. 31, 2013 | Jun. 30, 2013 | Mar. 31, 2012 | Aug. 31, 2008 | Mar. 31, 2014 | Dec. 31, 2013 | Jun. 30, 2014 | Jun. 30, 2013 | Dec. 15, 2013 | Jun. 30, 2014 | Dec. 31, 2010 | Jun. 30, 2014 | Dec. 31, 2013 | Dec. 31, 2010 | Dec. 15, 2013 | Mar. 15, 2011 | Dec. 31, 2010 | Dec. 07, 2010 | 1-May-13 | Dec. 31, 2010 | Dec. 31, 2010 | Jun. 30, 2014 | Jun. 30, 2014 | |
Series A Preferred Stock [Member] | Series A Preferred Stock [Member] | Series A Preferred Stock [Member] | Series A Preferred Stock [Member] | Series A Preferred Stock [Member] | Series C Preferred Stock [Member] | Series C Preferred Stock [Member] | Series C Preferred Stock [Member] | Series C Preferred Stock [Member] | Series C Preferred Stock [Member] | Series C Preferred Stock [Member] | Equity Component | Equity Component | Equity Component | Junior Subordinated Amortizing Notes [Member] | Junior Subordinated Amortizing Notes [Member] | Junior Subordinated Amortizing Notes [Member] | Junior Subordinated Amortizing Notes [Member] | Junior Subordinated Amortizing Notes [Member] | Junior Subordinated Amortizing Notes [Member] | Junior Subordinated Amortizing Notes [Member] | First Lansing Bancorp, Inc. [Member] | Minimum [Member] | Maximum [Member] | US Treasury [Member] | Other Warrants [Member] | |||||||||||||||
Debt [Member] | Debt [Member] | Debt [Member] | Equity Component | Equity Component | ||||||||||||||||||||||||||||||||||||
Temporary Equity [Line Items] | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Amount Of Tangible Equity Units Sold | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 4,600,000 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Rate on tangible equity units | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 7.50% | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Tangible equity unit public offering price per unit | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | $50 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Net proceeds on sale of tangible equity units | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | $222,700,000 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Maturity Date | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 15-Dec-13 | 15-Dec-13 | ' | 15-Dec-13 | ' | ' | 15-Dec-13 | ' | ' | ' | ' | ' | ' |
Debt Instrument, Frequency of Periodic Payment | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 'quarterly | ' | ' | ' | 'quarterly | ' | ' | ' | ' | ' | ' |
Percentage of fair value of debt component quarterly cash payments | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 7.50% | ' | ' | ' | ' | ' | ' |
Discount rate on debt component | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 9.50% | ' | ' | ' | ' | ' |
Risk-free rate | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 0.95% | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Expected stock price volatility minimum | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 35.00% | 45.00% | ' | ' |
Percent of dividend yield plus stock borrow cost | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 0.85% | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Equity term, years | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | '3 years 7 days | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Junior subordinated amortizing note, initial principal amount | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 9.728182 | ' | ' | ' | ' | ' |
Contractual rate | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 9.50% | ' | ' | 9.50% | ' | ' | ' | ' | ' |
Quarterly installments on amortizing note | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 0.989583 | 0.9375 | ' | ' | ' | ' | ' | ' |
Settlement rate, shares | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 1.3333 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Number Of Consecutive Trading Days | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | '20 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Amount Per Share Reclassified From Surplus To Common Stock | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | $1 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Preferred stock, shares issued | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 50,000 | 0 | 0 | 50,000 | 126,500 | ' | ' | 126,477 | 126,467 | 126,500 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Preferred stock, liquidation value per share | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | $1,000 | $1,000 | $1,000 | $1,000 | $1,000 | ' | ' | $1,000 | $1,000 | $1,000 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Preferred stock, value | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | $50,000,000 | $0 | $0 | $49,976,000 | $126,500,000 | ' | ' | $126,477,000 | $126,467,000 | $126,500,000 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Preferred Stock, Dividend Payment Terms | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 'quarterly | ' | ' | ' | ' | 'quarterly | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Preferred stock, dividend rate, percentage | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 8.00% | ' | ' | ' | 5.00% | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Convertible Preferred Stock, Terms of Conversion | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | '38.88 | ' | ' | ' | '24.3132 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Preferred Stock, Shares Converted | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 50,000 | ' | ' | ' | ' | ' | ' | 10 | 23 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Stock Issued During Period, Shares, Conversion of Convertible Securities | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 1,944,000 | ' | ' | ' | ' | ' | ' | 244 | 558 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Common stock, no par value | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | $0 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Warrants outstanding | 1,643,295 | ' | ' | ' | ' | 19,000 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 1,143,366 | 0 |
Investment Warrants, Exercise Price | $22.82 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Warrant Termination Period | '10 years | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Warrants Exercised | ' | ' | ' | ' | 1,000 | 18,000 | 499,929 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Common Stock, Shares, Issued from Exercise of Warrant Shares | ' | ' | ' | ' | ' | ' | 259,071 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Warrants Holders Common Stock Purchase Price Per Share | ' | ' | ' | ' | ' | ' | ' | ' | $30.50 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Common stock, shares issued | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 648,286 | ' | ' | ' | ' |
Cash dividends declared per common share | ' | $0.10 | ' | $0.10 | ' | ' | $0.10 | $0 | $0.20 | $0.09 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Common Stock Dividends Per Share Declared Annualized | ' | $0.40 | ' | $0.40 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Dividends Payable, Date to be Paid | ' | 22-May-14 | 20-Feb-14 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Dividends Payable, Date of Record | ' | 8-May-14 | 6-Feb-14 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Subsequent_Events_Detail
Subsequent Events (Detail) (Subsequent Event [Member], USD $) | 0 Months Ended | 0 Months Ended | ||
In Millions, unless otherwise specified | Jul. 11, 2014 | Jul. 11, 2014 | Aug. 08, 2014 | Aug. 08, 2014 |
THE National Bank [Member] | THE National Bank [Member] | Talmer Bank & Trust [Member] | Talmer Bank & Trust [Member] | |
locations | ||||
Subsequent Event [Line Items] | ' | ' | ' | ' |
Business Acquisition, Effective Date of Acquisition | 11-Jul-14 | ' | 8-Aug-14 | ' |
Business Combination, Acquired Receivables, Fair Value | ' | $81 | ' | ' |
Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Deposits | ' | $36 | ' | $360 |
Number of locations | ' | ' | ' | 11 |