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 | ' |
Entity Registrant Name | 'SYNOVUS FINANCIAL CORP | ' |
Entity Central Index Key | '0000018349 | ' |
Current Fiscal Year End Date | '--12-31 | ' |
Entity Filer Category | 'Large Accelerated Filer | ' |
Entity Common Stock, Shares Outstanding | ' | 139,037,402 |
Consolidated_Balance_Sheets
Consolidated Balance Sheets (USD $) | Jun. 30, 2014 | Dec. 31, 2013 |
In Thousands, unless otherwise specified | ||
ASSETS | ' | ' |
Cash and cash equivalents | $596,425 | $469,630 |
Interest bearing funds with Federal Reserve Bank | 689,284 | 644,528 |
Interest earning deposits with banks | 7,661 | 24,325 |
Federal funds sold and securities purchased under resale agreements | 79,553 | 80,975 |
Trading account assets, at fair value | 20,318 | 6,113 |
Mortgage loans held for sale, at fair value | 75,957 | 45,384 |
Other loans held for sale | 2,764 | 10,685 |
Investment securities available for sale, at fair value | 3,080,185 | 3,199,358 |
Loans, net of deferred fees and costs | 20,455,763 | 20,057,798 |
Allowance for loan losses | -277,783 | -307,560 |
Loans, net | 20,177,980 | 19,750,238 |
Premises and equipment, net | 461,610 | 468,871 |
Goodwill | 24,431 | 24,431 |
Other intangible assets, net | 1,678 | 3,415 |
Other real estate | 101,533 | 112,629 |
Deferred tax asset, net | 677,513 | 744,646 |
Other assets | 630,398 | 616,376 |
Total assets | 26,627,290 | 26,201,604 |
LIABILITIES AND SHAREHOLDERS' EQUITY | ' | ' |
Non-interest bearing deposits | 5,875,301 | 5,642,751 |
Interest bearing deposits, excluding brokered deposits | 13,668,746 | 14,140,037 |
Brokered deposits | 1,449,420 | 1,094,002 |
Total deposits | 20,993,467 | 20,876,790 |
Federal funds purchased and securities sold under repurchase agreements | 127,840 | 148,132 |
Long-term debt | 2,256,418 | 2,033,141 |
Other liabilities | 196,514 | 194,556 |
Total liabilities | 23,574,239 | 23,252,619 |
Shareholders' Equity: | ' | ' |
Common stock - $1.00 par value. Authorized 342,857,143 shares; 139,835,110 issued at June 30, 2014 and 139,720,701 issued at December 31, 2013; 139,021,760 outstanding at June 30, 2014 and 138,907,351 outstanding at December 31, 2013 | 139,835 | 139,721 |
Additional paid-in capital | 2,976,811 | 2,976,348 |
Treasury stock, at cost – 813,350 shares at June 30, 2014 and December 31, 2013 | -114,176 | -114,176 |
Accumulated other comprehensive loss, net | -13,716 | -41,258 |
Accumulated deficit | -61,683 | -137,512 |
Total shareholders' equity | 3,053,051 | 2,948,985 |
Total liabilities and shareholders' equity | 26,627,290 | 26,201,604 |
Series C Preferred Stock [Member] | ' | ' |
Shareholders' Equity: | ' | ' |
Series C Preferred Stock – no par value. 5,200,000 shares outstanding at June 30, 2014 and December 31, 2013 | $125,980 | $125,862 |
Consolidated_Balance_Sheets_Pa
Consolidated Balance Sheets (Parenthetical) (USD $) | Jun. 30, 2014 | Dec. 31, 2013 |
Common stock, par value (per share) | $1 | $1 |
Common stock, shares authorized | 342,857,143 | 342,857,143 |
Common stock, shares issued | 139,835,110 | 139,720,701 |
Common stock, shares outstanding | 139,021,760 | 138,907,351 |
Treasury stock, shares at cost | 813,350 | 813,350 |
Series C Preferred Stock [Member] | ' | ' |
Preferred stock, shares outstanding | 5,200,000 | 5,200,000 |
Consolidated_Statements_of_Inc
Consolidated Statements of Income (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: | ' | ' | ' | ' |
Loans, including fees | $215,737 | $215,656 | $427,080 | $432,210 |
Investment securities available for sale | 14,490 | 12,986 | 29,746 | 23,718 |
Trading account assets | 90 | 124 | 251 | 278 |
Mortgage loans held for sale | 616 | 1,411 | 1,018 | 3,118 |
Federal Reserve Bank balances | 472 | 904 | 998 | 1,684 |
Other earning assets | 808 | 432 | 1,502 | 895 |
Total interest income | 232,213 | 231,513 | 460,595 | 461,903 |
Interest expense: | ' | ' | ' | ' |
Deposits | 13,521 | 15,894 | 27,742 | 32,610 |
Federal funds purchased and securities sold under repurchase agreements | 75 | 80 | 151 | 170 |
Long-term debt | 13,566 | 13,462 | 27,136 | 27,232 |
Total interest expense | 27,162 | 29,436 | 55,029 | 60,012 |
Net interest income | 205,051 | 202,077 | 405,566 | 401,891 |
Provision for loan losses | 12,284 | 13,077 | 21,795 | 48,773 |
Net interest income after provision for loan losses | 192,767 | 189,000 | 383,771 | 353,118 |
Non-interest income: | ' | ' | ' | ' |
Service charges on deposit accounts | 19,238 | 19,195 | 38,451 | 38,716 |
Fiduciary and asset management fees | 11,296 | 11,111 | 22,329 | 22,083 |
Brokerage revenue | 6,707 | 7,002 | 12,920 | 14,595 |
Mortgage banking income | 5,283 | 7,338 | 8,794 | 14,255 |
Bankcard fees | 8,695 | 7,838 | 16,212 | 14,902 |
Investment securities gains, net | 0 | 1,403 | 1,331 | 1,448 |
Other fee income | 4,928 | 5,775 | 9,791 | 11,262 |
Decrease in fair value of private equity investments, net | -119 | -883 | -369 | -1,140 |
Gain on sale of Memphis branches, net | 0 | 0 | 5,789 | 0 |
Other non-interest income | 7,360 | 6,313 | 18,321 | 13,692 |
Total non-interest income | 63,388 | 65,092 | 133,569 | 129,813 |
Non-interest expense: | ' | ' | ' | ' |
Salaries and other personnel expense | 92,540 | 89,479 | 185,985 | 183,396 |
Net occupancy and equipment expense | 26,425 | 26,383 | 52,480 | 50,550 |
Third-party services | 9,464 | 10,366 | 19,561 | 20,295 |
FDIC insurance and other regulatory fees | 8,049 | 7,941 | 17,768 | 16,420 |
Professional fees | 8,224 | 10,416 | 15,901 | 17,511 |
Advertising expense | 6,281 | 1,821 | 8,757 | 3,399 |
Foreclosed real estate expense, net | 4,063 | 7,502 | 9,745 | 18,441 |
Losses on other loans held for sale, net | -40 | -86 | 2,226 | 79 |
Visa Indemnification charge | 356 | 764 | 752 | 801 |
Restructuring charges | 7,716 | 1,758 | 16,293 | 6,607 |
Other operating expenses | 19,127 | 24,842 | 36,897 | 45,973 |
Total non-interest expense | 182,205 | 181,186 | 366,365 | 363,472 |
Income before income taxes | 73,950 | 72,906 | 150,975 | 119,459 |
Income tax expense | 27,078 | 27,371 | 55,686 | 44,350 |
Net income | 46,872 | 45,535 | 95,289 | 75,109 |
Dividends and accretion of discount on preferred stock | 2,559 | 14,818 | 5,119 | 29,594 |
Net income available to common shareholders | $44,313 | $30,717 | $90,170 | $45,515 |
Net income per common share, basic | $0.32 | $0.25 | $0.65 | $0.39 |
Net income per common share, diluted | $0.32 | $0.24 | $0.65 | $0.35 |
Weighted average common shares outstanding, basic | 138,991 | 121,585 | 138,961 | 117,035 |
Weighted average common shares outstanding, diluted | 139,567 | 130,134 | 139,535 | 130,127 |
Consolidated_Statements_of_Com
Consolidated Statements of Comprehensive Income (Loss) (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, Before-tax Amount | $73,950 | $72,906 | $150,975 | $119,459 |
Net income, Tax (Expense) Benefit | -27,078 | -27,371 | -55,686 | -44,350 |
Net income, Net of Tax Amount | 46,872 | 45,535 | 95,289 | 75,109 |
Reclassification adjustment for losses realized in net income, Before-tax Amount | 112 | 112 | 224 | 224 |
Reclassification adjustment for losses realized in net income, Tax (Expense) Benefit | -44 | -45 | -87 | -88 |
Reclassification adjustment for losses realized in net income, Net of Tax Amount | 68 | 67 | 137 | 136 |
Net unrealized gains/losses on investment securities available for sale: Before-tax Amount | ' | ' | ' | ' |
Reclassification adjustment for net gains realized in net income, Before-tax Amount | 0 | -1,403 | -1,331 | -1,448 |
Net unrealized gains (losses) arising during the period, Before-tax Amount | 26,797 | -57,850 | 45,640 | -60,014 |
Net unrealized gains (losses), Before-tax Amount | 26,797 | -59,253 | 44,309 | -61,462 |
Net unrealized gains/losses on investment securities available for sale: Tax (Expense) Benefit | ' | ' | ' | ' |
Reclassification adjustment for net gains realized in net income, Tax (Expense) Benefit | 0 | 541 | 513 | 557 |
Net unrealized gains (losses) arising during the period, Tax (Expense) Benefit | -10,317 | 22,272 | -17,572 | 23,105 |
Net unrealized gains (losses), Tax (Expense) Benefit | -10,317 | 22,813 | -17,059 | 23,662 |
Net unrealized gains/losses on investment securities available for sale: Net of Tax Amount | ' | ' | ' | ' |
Reclassification adjustment for net gains realized in net income, Net of Tax Amount | 0 | -862 | -818 | -891 |
Net unrealized gains (losses) arising during the period, Net of Tax Amount | 16,480 | -35,578 | 28,068 | -36,909 |
Net unrealized gains (losses), Net of Tax Amount | 16,480 | -36,440 | 27,250 | -37,800 |
Post-retirement unfunded health benefit: Before-tax Amount | ' | ' | ' | ' |
Reclassification adjustment for (gains) losses realized in net income, Before-tax Amount | -72 | 0 | -144 | -26 |
Actuarial gains arising during the period, Before-tax Amount | 395 | 844 | 395 | 830 |
Net unrealized gains, Before-tax Amount | 323 | 844 | 251 | 804 |
Post-retirement unfunded health benefit: Tax (Expense) Benefit | ' | ' | ' | ' |
Reclassification adjustment for (gains) losses realized in net income, Tax (Expense) Benefit | 28 | 7 | 56 | 10 |
Actuarial gains arising during the period, Tax (Expense) Benefit | -152 | -325 | -152 | -311 |
Net unrealized gains, Tax (Expense) Benefit | -124 | -318 | -96 | -301 |
Post-retirement unfunded health benefit: Net of Tax Amount | ' | ' | ' | ' |
Reclassification adjustment for (gains) losses realized in net income, Net of Tax Amount | -44 | 7 | -88 | -16 |
Actuarial gains arising during the period, Net of Tax Amount | 243 | 519 | 243 | 519 |
Net unrealized gains, Net of Tax Amount | 199 | 526 | 155 | 503 |
Other comprehensive (loss) income, Before-tax Amount | 27,232 | -58,297 | 44,784 | -60,434 |
Other comprehensive (loss) income, Tax (Expense) Benefit | -10,485 | 22,450 | -17,242 | 23,273 |
Other comprehensive (loss) income, Net of Tax Amount | 16,747 | -35,847 | 27,542 | -37,161 |
Comprehensive income, Net of Tax Amount | $63,619 | $9,688 | $122,831 | $37,948 |
Consolidated_Statements_of_Cha
Consolidated Statements of Changes in Equity (USD $) | Total | Series A Preferred Stock [Member] | Series C Preferred Stock [Member] | Preferred Stock [Member] | Preferred Stock [Member] | Common Stock [Member] | Additional Paid-In Capital [Member] | Additional Paid-In Capital [Member] | Additional Paid-In Capital [Member] | Treasury Stock [Member] | Accumulated Other Comprehensive Income (Loss) [Member] | Accumulated Deficit [Member] |
In Thousands | Series A Preferred Stock [Member] | Series C Preferred Stock [Member] | Series A Preferred Stock [Member] | Series C Preferred Stock [Member] | ||||||||
Balance at Dec. 31, 2012 | $3,569,431 | ' | ' | $957,327 | ' | $113,182 | $2,868,965 | ' | ' | ($114,176) | $4,101 | ($259,968) |
Net income | 75,109 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 75,109 |
Other comprehensive income (loss), net of income taxes | -37,161 | ' | ' | ' | ' | ' | ' | ' | ' | ' | -37,161 | ' |
Cash dividends declared on Common Stock - $0.14 per share | -16,981 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | -16,981 |
Cash dividends paid on Preferred Stock | ' | -24,197 | ' | ' | ' | ' | ' | -24,197 | ' | ' | ' | ' |
Accretion of discount on Series A Preferred Stock | ' | ' | ' | 5,398 | ' | ' | ' | -5,398 | ' | ' | ' | ' |
Settlement of prepaid common stock purchase contracts | ' | ' | ' | ' | ' | 17,550 | -17,550 | ' | ' | ' | ' | ' |
Restricted share unit activity | -1,481 | ' | ' | ' | ' | 146 | -1,490 | ' | ' | ' | ' | -137 |
Stock options exercised | 134 | ' | ' | ' | ' | 9 | 125 | ' | ' | ' | ' | ' |
Share-based compensation expense | 3,350 | ' | ' | ' | ' | ' | 3,350 | ' | ' | ' | ' | ' |
Balance at Jun. 30, 2013 | 3,568,204 | ' | ' | 962,725 | ' | 130,887 | 2,823,805 | ' | ' | -114,176 | -33,060 | -201,977 |
Balance at Dec. 31, 2013 | 2,948,985 | ' | ' | ' | 125,862 | 139,721 | 2,976,348 | ' | ' | -114,176 | -41,258 | -137,512 |
Net income | 95,289 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 95,289 |
Other comprehensive income (loss), net of income taxes | 27,542 | ' | ' | ' | ' | ' | ' | ' | ' | ' | 27,542 | ' |
Cash dividends declared on Common Stock - $0.14 per share | -19,460 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | -19,460 |
Cash dividends paid on Preferred Stock | ' | ' | -5,119 | ' | ' | ' | ' | ' | -5,119 | ' | ' | ' |
Issuance of stock, net of issuance costs | ' | ' | 118 | ' | 118 | ' | ' | ' | ' | ' | ' | ' |
Restricted share unit activity | -468 | ' | ' | ' | ' | 39 | -507 | ' | ' | ' | ' | ' |
Stock options exercised | 1,304 | ' | ' | ' | ' | 75 | 1,229 | ' | ' | ' | ' | ' |
Share-based compensation tax benefit | 162 | ' | ' | ' | ' | ' | 162 | ' | ' | ' | ' | ' |
Share-based compensation expense | 4,698 | ' | ' | ' | ' | ' | 4,698 | ' | ' | ' | ' | ' |
Balance at Jun. 30, 2014 | $3,053,051 | ' | ' | ' | $125,980 | $139,835 | $2,976,811 | ' | ' | ($114,176) | ($13,716) | ($61,683) |
Consolidated_Statements_of_Cha1
Consolidated Statements of Changes in Equity (Parenthetical) (USD $) | 6 Months Ended | |
Jun. 30, 2014 | Jun. 30, 2013 | |
Statement of Stockholders' Equity [Abstract] | ' | ' |
Cash dividends declared on common stock, per share | $0.14 | $0.14 |
Consolidated_Statements_of_Cas
Consolidated Statements of Cash Flows (USD $) | 6 Months Ended | |
In Thousands, unless otherwise specified | Jun. 30, 2014 | Jun. 30, 2013 |
Operating Activities | ' | ' |
Net income | $95,289 | $75,109 |
Adjustments to reconcile net income to net cash provided by operating activities: | ' | ' |
Provision for loan losses | 21,795 | 48,773 |
Depreciation, amortization, and accretion, net | 26,342 | 32,520 |
Deferred income tax expense | 49,891 | 40,456 |
Decrease in interest receivable | 4,263 | 4,476 |
Decrease in interest payable | -1,515 | -2,880 |
(Increase) decrease in trading account assets | -14,205 | 33 |
Originations of mortgage loans held for sale | -347,327 | -539,281 |
Proceeds from sales of mortgage loans held for sale | 323,940 | 627,950 |
Gains on sales of mortgage loans held for sale | -5,493 | -11,168 |
(Increase) decrease in fair value of mortgage loans held for sale | -1,782 | 7,930 |
(Increase) decrease in other assets | -13,247 | 26,014 |
Decrease in accrued salaries and benefits | -5,210 | -15,480 |
Increase (decrease) in other liabilities | 7,928 | -12,635 |
Investment securities gains, net | -1,331 | -1,448 |
Losses on sales of other loans held for sale, net | 2,226 | 79 |
Losses and write-downs on other real estate, net | 8,229 | 14,314 |
Decrease in fair value of private equity investments, net | 369 | 1,140 |
Increase in accrual for Visa indemnification | 752 | 801 |
Share-based compensation expense | 4,698 | 3,350 |
Write-downs on other assets held for sale | 7,508 | 170 |
Gain on sale of Memphis branches, net | -5,789 | 0 |
Gain on sale of branch property | -3,116 | 0 |
Other, net | 0 | -581 |
Net cash provided by operating activities | 154,215 | 299,642 |
Investing Activities | ' | ' |
Net cash (used) received in dispositions/acquisitions | -90,571 | 56,328 |
Net decrease in interest earning deposits with banks | 16,664 | 1,377 |
Net decrease in federal funds sold and securities purchased under resale agreements | 1,422 | 24,881 |
Net (increase) decrease in interest bearing funds with Federal Reserve Bank | -44,756 | 39,139 |
Proceeds from maturities and principal collections of investment securities available for sale | 245,108 | 392,737 |
Proceeds from sales of investment securities available for sale | 20,815 | 347,386 |
Purchases of investment securities available for sale | -111,505 | -925,603 |
Proceeds from sales of loans | 36,530 | 82,753 |
Proceeds from sale of other real estate | 28,147 | 49,535 |
Principal repayments by borrowers on other loans held for sale | 770 | 334 |
Net increase in loans | -594,896 | -276,715 |
Purchases of premises and equipment | -28,776 | -15,798 |
Proceeds from disposals of premises and equipment | 4,838 | 21 |
Proceeds from sale of other assets held for sale | 241 | 918 |
Net cash used in investing activities | -515,969 | -222,707 |
Financing Activities | ' | ' |
Net increase (decrease) in demand and savings deposits | 208,039 | -416,596 |
Net increase in certificates of deposit | 100,011 | 13,428 |
Net (decrease) increase in federal funds purchased and securities sold under repurchase agreements | -20,292 | 21,690 |
Principal repayments on long-term debt | -625 | -150,807 |
Proceeds from issuance of long-term debt | 224,958 | 311,732 |
Dividends paid to common shareholders | -19,460 | -16,981 |
Dividends paid to preferred shareholders | -5,119 | -24,197 |
Stock options exercised | 1,304 | 134 |
Excess tax benefit from share-based compensation | 201 | 0 |
Restricted stock activity | -468 | -1,481 |
Net cash provided by (used in) financing activities | 488,549 | -263,078 |
Increase (decrease) in cash and cash equivalents | 126,795 | -186,143 |
Cash and cash equivalents at beginning of period | 469,630 | 614,630 |
Cash and cash equivalents at end of period | 596,425 | 428,487 |
Supplemental Cash Flow Information | ' | ' |
Income tax payments, net | 4,530 | 1,437 |
Interest paid | 56,657 | 62,763 |
Non-cash Investing Activities: | ' | ' |
Mortgage loans held for sale transferred to loans at fair value | 89 | 14,471 |
Premises and equipment transferred to other assets held for sale | 13,037 | 0 |
Loans foreclosed and transferred to other real estate | 25,280 | 51,835 |
Loans transferred to other loans held for sale at fair value | 31,605 | 87,189 |
Other loans held for sale transferred to loans at fair value | 0 | 1,235 |
Other loans held for sale foreclosed and transferred to other real estate at fair value | 0 | 1,395 |
Securities sold during the period but settled after period-end | 0 | -13,198 |
Dispositions/Acquisitions: | ' | ' |
Fair value of non-cash assets (sold) acquired | -100,982 | 536 |
Fair value of liabilities (sold) assumed | ($191,553) | $56,864 |
Significant_Accounting_Policie
Significant Accounting Policies | 6 Months Ended |
Jun. 30, 2014 | |
Significant Accounting Policies [Abstract] | ' |
Significant Accounting Policies | ' |
Note 1 - Significant Accounting Policies | |
Business Operations | |
The accompanying unaudited interim consolidated financial statements of Synovus include the accounts of the Parent Company and its consolidated subsidiaries. Synovus provides integrated financial services, including commercial and retail banking, financial management, insurance, and mortgage services to its customers through locally-branded divisions of its wholly-owned subsidiary bank, Synovus Bank, in offices located throughout Georgia, Alabama, South Carolina, Florida, and Tennessee. | |
In addition to our banking operations, we also provide various other financial services to our customers through direct and indirect wholly-owned non-bank subsidiaries, including: Synovus Securities, Inc., headquartered in Columbus, Georgia, which specializes in professional portfolio management for fixed-income securities, investment banking, the execution of securities transactions as a broker/dealer and the provision of individual investment advice on equity and other securities; Synovus Trust Company, N.A., headquartered in Columbus, Georgia, which provides trust, asset management and financial planning services; and Synovus Mortgage Corp., headquartered in Birmingham, Alabama, which offers mortgage services. | |
Basis of Presentation | |
The accompanying unaudited interim consolidated financial statements have been prepared in accordance with the instructions to the SEC Form 10-Q and Article 10 of Regulation S-X; therefore, they do not include all information and footnotes necessary for a fair presentation of financial position, results of operations, comprehensive income, and cash flows in conformity with GAAP. All adjustments consisting of normally recurring accruals that, in the opinion of management, are necessary for a fair presentation of the consolidated financial position and results of operations for the periods covered by this Report have been included. The accompanying unaudited interim consolidated financial statements should be read in conjunction with the consolidated financial statements and related notes appearing in Synovus' 2013 Form 10-K. There have been no significant changes to the accounting policies as disclosed in Synovus' 2013 Form 10-K. | |
In preparing the unaudited interim consolidated financial statements in accordance with GAAP, management is required to make estimates and assumptions that affect the reported amounts of assets and liabilities and the disclosure of contingent assets and liabilities as of the date of the respective consolidated balance sheets and the reported amounts of revenues and expenses for the periods presented. Actual results could differ significantly from those estimates. | |
Material estimates that are particularly susceptible to significant change relate to the determination of the allowance for loan losses; the valuation of other real estate; the fair value of investment securities; the fair value of private equity investments; the valuation of deferred tax assets; and contingent liabilities related to legal matters. | |
Cash and Cash Equivalents | |
Cash and cash equivalents consist of cash and due from banks. At June 30, 2014 and December 31, 2013, cash and cash equivalents included $98.1 million and $104.9 million, respectively, on deposit to meet Federal Reserve Bank requirements. At June 30, 2014 and December 31, 2013, $125 thousand and $375 thousand, respectively, of the due from banks balance was restricted as to withdrawal. | |
Short-term Investments | |
Short-term investments consist of interest bearing funds with the Federal Reserve Bank, interest earning deposits with banks, and Federal funds sold and securities purchased under resale agreements. Interest earning deposits with banks include $9.4 million and $11.1 million at June 30, 2014 and December 31, 2013, respectively, which is pledged as collateral in connection with certain letters of credit. Federal funds sold include $73.1 million at June 30, 2014 and $72.2 million at December 31, 2013, which are pledged to collateralize certain derivative instruments. Federal funds sold and securities purchased under resale agreements, and Federal funds purchased and securities sold under repurchase agreements, generally mature in one day. | |
Recently Adopted Accounting Standards Updates | |
Effective January 1, 2014, Synovus adopted the provisions of ASU 2013-11, Income Taxes (Topic 740): Presentation of an Unrecognized Tax Benefit When a Net Operating Loss Carryforward, a Similar Tax Loss, or a Tax Credit Carryforward Exists. This ASU provides guidance on financial statement presentation of an unrecognized tax benefit when a net operating loss carryforward, a similar tax loss, or a tax credit carryforward exists. Income tax accounting guidance did not explicitly address how to present unrecognized tax benefits when a company also has net operating losses or tax credit carryforwards. Previously, most companies presented these unrecognized benefits as a liability (i.e., gross presentation), but some presented the liability as a reduction of their net operating losses or tax credit carryforwards (i.e., net presentation). To address this diversity in practice, the FASB issued ASU 2013-11, requiring unrecognized tax benefits to be offset against a deferred tax asset for a net operating loss carryforward, similar tax loss, or tax credit carryforward except when either (1) a net operating loss carryforward, a similar tax loss, or a tax credit carryforward is not available as of the reporting date under the governing tax law to settle taxes that would result from the disallowance of the tax position, or (2) the entity does not intend to use the deferred tax asset for this purpose (provided that the tax law permits a choice). If either of these conditions exists, an entity should present an unrecognized tax benefit in the financial statements as a liability and should not net the unrecognized tax benefit with a deferred tax asset. Synovus adopted the provisions of ASU 2013-11 effective January 1, 2014. However, because prior to adoption Synovus already presented its unrecognized tax benefits as a reduction of its net operating losses, adoption of ASU 2013-11 did not have a significant impact on its consolidated balance sheet. | |
Reclassifications | |
Prior periods' consolidated financial statements are reclassified whenever necessary to conform to the current period's presentation. | |
Subsequent Events | |
Synovus has evaluated for consideration, or disclosure, all transactions, events, and circumstances, subsequent to the date of the consolidated balance sheet and through the date the accompanying unaudited interim consolidated financial statements were issued, and has reflected, or disclosed, those items deemed appropriate within the unaudited interim consolidated financial statements. |
Reverse_Stock_Split_and_Increa
Reverse Stock Split and Increase in Number of Authorized Common Shares | 6 Months Ended |
Jun. 30, 2014 | |
Reverse Stock Split and Increase in Number of Authorized Common Shares [Abstract] | ' |
Reverse Stock Split and Increase in Number of Authorized Common Shares | ' |
Note 2 - Reverse Stock Split and Increase in Number of Authorized Common Shares | |
On April 24, 2014, at Synovus' 2014 Annual Shareholders' Meeting ("Annual Meeting"), Synovus’ shareholders approved a proposal authorizing Synovus’ Board of Directors to effect a one-for-seven reverse stock split of Synovus’ common stock. Following the Annual Meeting, Synovus’ Board of Directors authorized the one-for-seven reverse stock split. The reverse stock split became effective on May 16, 2014, and Synovus' shares of common stock began trading on a post-split basis on the New York Stock Exchange (NYSE) at the opening of trading on May 19, 2014. All prior periods presented in this Report have been adjusted to reflect the one-for-seven reverse stock split. Financial information updated by this capital change includes earnings per common share, dividends per common share, stock price per common share, weighted average common shares, outstanding common shares, treasury shares, common stock, additional paid-in capital, and share-based compensation. | |
Additionally, on April 24, 2014, Synovus’ shareholders also approved an amendment to Synovus’ articles of incorporation to increase the number of authorized shares of Synovus’ common stock from 1.2 billion shares to 2.4 billion shares. Synovus effected the increase in the number of authorized shares on April 24, 2014. Upon the reverse stock split effective date, the number of Synovus’ authorized shares of common stock were proportionately reduced from 2.4 billion shares to 342.9 million shares. |
Sale_of_Branches
Sale of Branches | 6 Months Ended |
Jun. 30, 2014 | |
Restructuring and Related Activities [Abstract] | ' |
Sale of Branches | ' |
Note 3 - Sale of Branches | |
On January 17, 2014, Synovus completed the sale of certain loans, premises, deposits, and other assets and liabilities of the Memphis, Tennessee operations of Trust One Bank, a division of Synovus Bank. The sale included $89.6 million in total loans and $191.3 million in total deposits. Results for the six months ended June 30, 2014 reflect a pre-tax gain, net of associated costs, of $5.8 million relating to this transaction. |
Investment_Securities
Investment Securities | 6 Months Ended | ||||||||||||||||||
Jun. 30, 2014 | |||||||||||||||||||
Investments [Abstract] | ' | ||||||||||||||||||
Investment Securities | ' | ||||||||||||||||||
Note 4 - Investment Securities | |||||||||||||||||||
The amortized cost, gross unrealized gains and losses, and estimated fair values of investment securities available for sale at June 30, 2014 and December 31, 2013 are summarized below. | |||||||||||||||||||
June 30, 2014 | |||||||||||||||||||
(in thousands) | Amortized Cost(1) | Gross Unrealized Gains | Gross Unrealized Losses | Fair Value | |||||||||||||||
U.S. Treasury securities | $ | 17,793 | — | — | 17,793 | ||||||||||||||
U.S. Government agency securities | 33,264 | 1,028 | — | 34,292 | |||||||||||||||
Securities issued by U.S. Government sponsored enterprises | 111,795 | 1,014 | — | 112,809 | |||||||||||||||
Mortgage-backed securities issued by U.S. Government agencies | 173,296 | 1,848 | (766 | ) | 174,378 | ||||||||||||||
Mortgage-backed securities issued by U.S. Government sponsored enterprises | 2,327,735 | 21,176 | (10,616 | ) | 2,338,295 | ||||||||||||||
Collateralized mortgage obligations issued by U.S. Government agencies or sponsored enterprises | 384,836 | 4,125 | (2,488 | ) | 386,473 | ||||||||||||||
State and municipal securities | 5,222 | 209 | (2 | ) | 5,429 | ||||||||||||||
Equity securities | 3,228 | 3,725 | — | 6,953 | |||||||||||||||
Other investments | 4,099 | — | (336 | ) | 3,763 | ||||||||||||||
Total investment securities available for sale | $ | 3,061,268 | 33,125 | (14,208 | ) | 3,080,185 | |||||||||||||
31-Dec-13 | |||||||||||||||||||
(in thousands) | Amortized Cost(1) | Gross Unrealized Gains | Gross Unrealized Losses | Fair Value | |||||||||||||||
U.S. Treasury securities | $ | 17,791 | — | — | 17,791 | ||||||||||||||
U.S. Government agency securities | 33,480 | 1,161 | — | 34,641 | |||||||||||||||
Securities issued by U.S. Government sponsored enterprises | 112,305 | 1,440 | — | 113,745 | |||||||||||||||
Mortgage-backed securities issued by U.S. Government agencies | 196,521 | 2,257 | (3,661 | ) | 195,117 | ||||||||||||||
Mortgage-backed securities issued by U.S. Government sponsored enterprises | 2,443,282 | 9,718 | (31,640 | ) | 2,421,360 | ||||||||||||||
Collateralized mortgage obligations issued by U.S. Government agencies or sponsored enterprises | 406,717 | 698 | (8,875 | ) | 398,540 | ||||||||||||||
State and municipal securities | 6,723 | 168 | (2 | ) | 6,889 | ||||||||||||||
Equity securities | 3,856 | 3,728 | — | 7,584 | |||||||||||||||
Other investments | 4,074 | — | (383 | ) | 3,691 | ||||||||||||||
Total investment securities available for sale | $ | 3,224,749 | 19,170 | (44,561 | ) | 3,199,358 | |||||||||||||
(1) | Amortized cost is adjusted for other-than-temporary impairment charges in 2014 and 2013, which have been recognized in the consolidated statements of income in the applicable year, and were considered inconsequential. | ||||||||||||||||||
At June 30, 2014 and December 31, 2013, investment securities with a carrying value of $2.15 billion and $2.33 billion respectively, were pledged to secure certain deposits and securities sold under repurchase agreements as required by law and contractual agreements. | |||||||||||||||||||
Synovus has reviewed investment securities that are in an unrealized loss position as of June 30, 2014 and December 31, 2013 for OTTI and does not consider any securities in an unrealized loss position to be other-than-temporarily impaired. If Synovus intended to sell a security in an unrealized loss position, the entire unrealized loss would be reflected in income. Synovus does not intend to sell investment securities in an unrealized loss position prior to the recovery of the unrealized loss, which may be until maturity, and has the ability and intent to hold those securities for that period of time. Additionally, Synovus is not currently aware of any circumstances which will require it to sell any of the securities that are in an unrealized loss position. | |||||||||||||||||||
Declines in the fair value of available for sale securities below their cost that are deemed to have OTTI are reflected in earnings as realized losses to the extent the impairment is related to credit losses. The amount of the impairment related to other factors is recognized in other comprehensive income. Currently, unrealized losses on debt securities are attributable to increases in interest rates on comparable securities from the date of purchase. Synovus regularly evaluates its investment securities portfolio to ensure that there are no conditions that would indicate that unrealized losses represent OTTI. These factors include the length of time the security has been in a loss position, the extent that the fair value is below amortized cost, and the credit standing of the issuer. As of June 30, 2014, Synovus had one investment security in a loss position for less than twelve months and forty-six investment securities in a loss position for twelve months or longer. | |||||||||||||||||||
Gross unrealized losses on investment securities and the fair value of the related securities, aggregated by investment category and length of time that individual securities have been in a continuous unrealized loss position, at June 30, 2014 and December 31, 2013, are presented below. | |||||||||||||||||||
June 30, 2014 | |||||||||||||||||||
Less than 12 Months | 12 Months or Longer | Total | |||||||||||||||||
(in thousands) | Fair | Gross Unrealized | Fair | Gross Unrealized | Fair | Gross Unrealized | |||||||||||||
Value | Losses | Value | Losses | Value | Losses | ||||||||||||||
U.S. Treasury securities | $ | — | — | — | — | — | — | ||||||||||||
U.S. Government agency securities | — | — | — | — | — | — | |||||||||||||
Securities issued by U.S. Government sponsored enterprises | — | — | — | — | — | — | |||||||||||||
Mortgage-backed securities issued by U.S. Government agencies | — | — | 30,922 | 766 | 30,922 | 766 | |||||||||||||
Mortgage-backed securities issued by U.S. Government sponsored enterprises | — | — | 1,052,375 | 10,616 | 1,052,375 | 10,616 | |||||||||||||
Collateralized mortgage obligations issued by U.S. Government agencies or sponsored enterprises | — | — | 125,675 | 2,488 | 125,675 | 2,488 | |||||||||||||
State and municipal securities | — | — | 42 | 2 | 42 | 2 | |||||||||||||
Equity securities | — | — | — | — | — | — | |||||||||||||
Other investments | 1,897 | 202 | 1,866 | 134 | 3,763 | 336 | |||||||||||||
Total | $ | 1,897 | 202 | 1,210,880 | 14,006 | 1,212,777 | 14,208 | ||||||||||||
December 31, 2013 | |||||||||||||||||||
Less than 12 Months | 12 Months or Longer | Total | |||||||||||||||||
(in thousands) | Fair | Gross Unrealized | Fair | Gross Unrealized | Fair | Gross Unrealized | |||||||||||||
Value | Losses | Value | Losses | Value | Losses | ||||||||||||||
U.S. Treasury securities | $ | — | — | — | — | — | — | ||||||||||||
U.S. Government agency securities | — | — | — | — | — | — | |||||||||||||
Securities issued by U.S. Government sponsored enterprises | — | — | — | — | — | — | |||||||||||||
Mortgage-backed securities issued by U.S. Government agencies | 121,607 | 3,363 | 2,951 | 298 | 124,558 | 3,661 | |||||||||||||
Mortgage-backed securities issued by U.S. Government sponsored enterprises | 1,885,521 | 31,640 | — | — | 1,885,521 | 31,640 | |||||||||||||
Collateralized mortgage obligations issued by U.S. Government agencies or sponsored enterprises | 282,898 | 8,875 | — | — | 282,898 | 8,875 | |||||||||||||
State and municipal securities | — | — | 40 | 2 | 40 | 2 | |||||||||||||
Equity securities | — | — | — | — | — | — | |||||||||||||
Other investments | 1,969 | 105 | 1,722 | 278 | 3,691 | 383 | |||||||||||||
Total | $ | 2,291,995 | 43,983 | 4,713 | 578 | 2,296,708 | 44,561 | ||||||||||||
The amortized cost and fair value by contractual maturity of investment securities available for sale at June 30, 2014 are shown below. The expected life of mortgage-backed securities or CMOs may differ from contractual maturities because issuers may have the right to call or prepay obligations with or without call or prepayment penalties. For purposes of the maturity table, mortgage-backed securities and CMOs, which are not due at a single maturity date, have been classified based on the final contractual maturity date. | |||||||||||||||||||
Distribution of Maturities at June 30, 2014 | |||||||||||||||||||
(in thousands) | Within One | 1 to 5 | 5 to 10 | More Than | No Stated | Total | |||||||||||||
Year | Years | Years | 10 Years | Maturity | |||||||||||||||
Amortized Cost | |||||||||||||||||||
U.S. Treasury securities | $ | 17,793 | — | — | — | — | 17,793 | ||||||||||||
U.S. Government agency securities | 114 | 9,097 | 24,053 | — | — | 33,264 | |||||||||||||
Securities issued by U.S. Government sponsored enterprises | 30,030 | 81,765 | — | — | — | 111,795 | |||||||||||||
Mortgage-backed securities issued by U.S. Government agencies | 15 | 1 | — | 173,280 | — | 173,296 | |||||||||||||
Mortgage-backed securities issued by U.S. Government sponsored enterprises | 102 | 2,429 | 1,913,531 | 411,673 | — | 2,327,735 | |||||||||||||
Collateralized mortgage obligations issued by U.S. Government agencies or sponsored enterprises | — | — | — | 384,836 | — | 384,836 | |||||||||||||
State and municipal securities | 95 | 2,098 | 289 | 2,740 | — | 5,222 | |||||||||||||
Equity securities | — | — | — | — | 3,228 | 3,228 | |||||||||||||
Other investments | — | — | — | 2,000 | 2,099 | 4,099 | |||||||||||||
Total amortized cost | $ | 48,149 | 95,390 | 1,937,873 | 974,529 | 5,327 | 3,061,268 | ||||||||||||
Fair Value | |||||||||||||||||||
U.S. Treasury securities | $ | 17,793 | — | — | — | — | 17,793 | ||||||||||||
U.S. Government agency securities | 114 | 9,414 | 24,764 | — | — | 34,292 | |||||||||||||
Securities issued by U.S. Government sponsored enterprises | 30,187 | 82,622 | — | — | — | 112,809 | |||||||||||||
Mortgage-backed securities issued by U.S. Government agencies | 15 | 1 | — | 174,362 | — | 174,378 | |||||||||||||
Mortgage-backed securities issued by U.S. Government sponsored enterprises | 108 | 2,595 | 1,913,923 | 421,669 | — | 2,338,295 | |||||||||||||
Collateralized mortgage obligations issued by U.S. Government agencies or sponsored enterprises | — | — | — | 386,473 | — | 386,473 | |||||||||||||
State and municipal securities | 95 | 2,139 | 308 | 2,887 | — | 5,429 | |||||||||||||
Equity securities | — | — | — | — | 6,953 | 6,953 | |||||||||||||
Other investments | — | — | — | 1,866 | 1,897 | 3,763 | |||||||||||||
Total fair value | $ | 48,312 | 96,771 | 1,938,995 | 987,257 | 8,850 | 3,080,185 | ||||||||||||
Proceeds from sales, gross gains, and gross losses on sales of securities available for sale for the six and three months ended June 30, 2014 and 2013 are presented below. Other-than-temporary impairment charges of $88 thousand are included in gross realized losses for the six months ended June 30, 2014. The specific identification method is used to reclassify gains and losses out of other comprehensive income at the time of sale. | |||||||||||||||||||
Six Months Ended June 30, | Three Months Ended June 30, | ||||||||||||||||||
(in thousands) | 2014 | 2013 | 2014 | 2013 | |||||||||||||||
Proceeds from sales of investment securities available for sale | $ | 20,815 | $347,386 | — | 135,146 | ||||||||||||||
Gross realized gains | 1,419 | 2,036 | — | 1,760 | |||||||||||||||
Gross realized losses | (88 | ) | (588 | ) | — | (357 | ) | ||||||||||||
Investment securities gains, net | $ | 1,331 | 1,448 | — | 1,403 | ||||||||||||||
Restructuring_Charges
Restructuring Charges | 6 Months Ended | ||||||||||||
Jun. 30, 2014 | |||||||||||||
Restructuring Charges [Abstract] | ' | ||||||||||||
Restructuring Charges | ' | ||||||||||||
Note 5 - Restructuring Charges | |||||||||||||
For the six and three months ended June 30, 2014 and 2013 total restructuring charges are as follows: | |||||||||||||
Six Months Ended June 30, | Three Months Ended June 30, | ||||||||||||
(in thousands) | 2014 | 2013 | 2014 | 2013 | |||||||||
Severance charges | $ | 8,047 | 6,610 | — | 1,737 | ||||||||
Asset impairment charges | 7,358 | — | 7,358 | — | |||||||||
Professional fees and other charges | 888 | (3 | ) | 358 | 21 | ||||||||
Total restructuring charges | $ | 16,293 | 6,607 | 7,716 | 1,758 | ||||||||
In January 2014, Synovus announced the planned implementation during 2014 of new expense savings initiatives which are expected to result in annualized cost savings of $30 million. The initiatives include planned workforce reductions as well as planned reductions in occupancy expenses. Synovus began to implement these initiatives during the first quarter of 2014, undertaking the first targeted staff reductions. As a result of these actions, Synovus recorded aggregate restructuring charges of $8.6 million during the three months ended March 31, 2014, consisting primarily of $8.0 million in severance charges related to employees identified for involuntary termination. These termination benefits are provided under an ongoing benefit arrangement as defined in ASC 712, Compensation-Nonretirement Postemployment Benefits; accordingly, the charges were recorded pursuant to the liability recognition criteria of ASC 712. Additionally, during the second quarter of 2014, upon management's decision to close 13 branches across the five-state footprint during the fourth quarter of 2014, Synovus recorded asset impairment charges of $7.4 million. Restructuring charges for the fourth quarter of 2014 are expected to include approximately $6 million in charges related to lease exit costs associated with the planned branch closings (based upon the expectation that these leased facilities will cease to be used during the fourth quarter of 2014). | |||||||||||||
Severance charges recorded during the six months ended June 30, 2013 relate to involuntary terminations in connection with previously announced efficiency initiatives. These termination benefits were provided under a one-time benefit arrangement as defined in ASC 420, Exit or Disposal Costs or Obligations; accordingly, the charges were recorded pursuant to the liability recognition criteria of ASC 420. | |||||||||||||
At June 30, 2014, the liability for restructuring activities was $6.3 million, and consisted primarily of involuntary termination benefits (accounted for in accordance with ASC 712) which are expected to be paid in lump sums during the remainder of 2014. |
Loans_and_Allowance_for_Loan_L
Loans and Allowance for Loan Losses | 6 Months Ended | |||||||||||||||||||||
Jun. 30, 2014 | ||||||||||||||||||||||
Allowance for Loan and Lease Losses, Adjustments, Net [Abstract] | ' | |||||||||||||||||||||
Loans and Allowance for Loan Losses | ' | |||||||||||||||||||||
Note 6 - Loans and Allowance for Loan Losses | ||||||||||||||||||||||
The following is a summary of current, accruing past due, and non-accrual loans by portfolio class as of June 30, 2014 and December 31, 2013. | ||||||||||||||||||||||
Current, Accruing Past Due, and Non-accrual Loans | ||||||||||||||||||||||
June 30, 2014 | ||||||||||||||||||||||
(in thousands) | Current | Accruing 30-89 Days Past Due | Accruing 90 Days or Greater Past Due | Total Accruing Past Due | Non-accrual | Total | ||||||||||||||||
Investment properties | $ | 4,767,934 | 1,488 | — | 1,488 | 40,927 | 4,810,349 | |||||||||||||||
1-4 family properties | 1,026,506 | 5,455 | 417 | 5,872 | 26,711 | 1,059,089 | ||||||||||||||||
Land acquisition | 553,949 | 1,695 | 347 | 2,042 | 42,564 | 598,555 | ||||||||||||||||
Total commercial real estate | 6,348,389 | 8,638 | 764 | 9,402 | 110,202 | 6,467,993 | ||||||||||||||||
Commercial, financial and agricultural | 5,504,255 | 11,977 | 806 | 12,783 | 57,903 | 5,574,941 | ||||||||||||||||
Owner-occupied | 3,748,944 | 7,502 | 828 | 8,330 | 29,005 | 3,786,279 | ||||||||||||||||
Small business | 873,574 | 5,134 | 652 | 5,786 | 7,210 | 886,570 | ||||||||||||||||
Total commercial and industrial | 10,126,773 | 24,613 | 2,286 | 26,899 | 94,118 | 10,247,790 | ||||||||||||||||
Home equity lines | 1,641,202 | 6,781 | 141 | 6,922 | 16,396 | 1,664,520 | ||||||||||||||||
Consumer mortgages | 1,512,811 | 11,652 | 215 | 11,867 | 36,433 | 1,561,111 | ||||||||||||||||
Credit cards | 252,538 | 1,502 | 1,329 | 2,831 | — | 255,369 | ||||||||||||||||
Other retail | 283,030 | 2,444 | 63 | 2,507 | 2,398 | 287,935 | ||||||||||||||||
Total retail | 3,689,581 | 22,379 | 1,748 | 24,127 | 55,227 | 3,768,935 | ||||||||||||||||
Total loans | $ | 20,164,743 | 55,630 | 4,798 | 60,428 | 259,547 | 20,484,718 | (1 | ) | |||||||||||||
December 31, 2013 | ||||||||||||||||||||||
(in thousands) | Current | Accruing 30-89 Days Past Due | Accruing 90 Days or Greater Past Due | Total Accruing Past Due | Non-accrual | Total | ||||||||||||||||
Investment properties | $ | 4,533,708 | 3,552 | 40 | 3,592 | 66,454 | 4,603,754 | |||||||||||||||
1-4 family properties | 1,115,858 | 6,267 | 527 | 6,794 | 33,819 | 1,156,471 | ||||||||||||||||
Land acquisition | 549,838 | 1,100 | 300 | 1,400 | 154,095 | 705,333 | ||||||||||||||||
Total commercial real estate | 6,199,404 | 10,919 | 867 | 11,786 | 254,368 | 6,465,558 | ||||||||||||||||
Commercial, financial and agricultural | 5,413,614 | 16,251 | 721 | 16,972 | 59,628 | 5,490,214 | ||||||||||||||||
Owner-occupied | 3,749,052 | 9,341 | 66 | 9,407 | 36,980 | 3,795,439 | ||||||||||||||||
Small business | 676,947 | 4,506 | 155 | 4,661 | 5,608 | 687,216 | ||||||||||||||||
Total commercial and industrial | 9,839,613 | 30,098 | 942 | 31,040 | 102,216 | 9,972,869 | ||||||||||||||||
Home equity lines | 1,564,578 | 4,919 | 136 | 5,055 | 17,908 | 1,587,541 | ||||||||||||||||
Consumer mortgages | 1,460,219 | 18,068 | 1,011 | 19,079 | 39,770 | 1,519,068 | ||||||||||||||||
Credit cards | 253,422 | 1,917 | 1,507 | 3,424 | — | 256,846 | ||||||||||||||||
Other retail | 280,524 | 2,190 | 26 | 2,216 | 2,038 | 284,778 | ||||||||||||||||
Total retail | 3,558,743 | 27,094 | 2,680 | 29,774 | 59,716 | 3,648,233 | ||||||||||||||||
Total loans | $ | 19,597,760 | 68,111 | 4,489 | 72,600 | 416,300 | 20,086,660 | (2 | ) | |||||||||||||
(1)Total before net deferred fees and costs of $29.0 million. | ||||||||||||||||||||||
(2)Total before net deferred fees and costs of $28.9 million. | ||||||||||||||||||||||
The credit quality of the loan portfolio is summarized no less frequently than quarterly using the standard asset classification system utilized by the federal banking agencies. These classifications are divided into three groups – Not Criticized (Pass), Special Mention, and Classified or Adverse rating (Substandard, Doubtful, and Loss) and are defined as follows: | ||||||||||||||||||||||
Pass - loans which are well protected by the current net worth and paying capacity of the obligor (or guarantors, if any) or by the fair value, less cost to acquire and sell in a timely manner, of any underlying collateral. | ||||||||||||||||||||||
Special Mention - loans which have potential weaknesses that deserve management's close attention. These loans are not adversely classified and do not expose an institution to sufficient risk to warrant an adverse classification. | ||||||||||||||||||||||
Substandard - loans which are inadequately protected by the current net worth and paying capacity of the obligor or by the collateral pledged, if any. Loans with this classification are characterized by the distinct possibility that the institution will sustain some loss if the deficiencies are not corrected. | ||||||||||||||||||||||
Doubtful - loans which have all the weaknesses inherent in loans classified as Substandard with the added characteristic that the weaknesses make collection or liquidation in full highly questionable and improbable on the basis of currently known facts, conditions, and values. | ||||||||||||||||||||||
Loss - loans which are considered by management to be uncollectible and of such little value that their continuance on the institution's books as an asset, without establishment of a specific valuation allowance or charge-off is not warranted. | ||||||||||||||||||||||
In the following tables, retail loans and small business loans are generally assigned a risk grade similar to the classifications described above; however, upon reaching 90 days and 120 days past due, they are generally downgraded to Substandard and Loss, respectively, in accordance with the FFIEC Uniform Retail Credit Classification and Account Management Policy. Additionally, in accordance with the Interagency Supervisory Guidance on Allowance for Loan and Lease Losses Estimation Practices for Loans and Lines of Credit Secured by Junior Liens on 1-4 Family Residential Properties, the risk grade classifications of retail loans (home equity lines and consumer mortgages) secured by junior liens on 1-4 family residential properties also consider available information on the payment status of the associated senior lien with other financial institutions. | ||||||||||||||||||||||
Loan Portfolio Credit Exposure by Risk Grade | ||||||||||||||||||||||
June 30, 2014 | ||||||||||||||||||||||
(in thousands) | Pass | Special | Substandard(1) | Doubtful(2) | Loss | Total | ||||||||||||||||
Mention | ||||||||||||||||||||||
Investment properties | $ | 4,453,645 | 228,334 | 128,370 | — | — | 4,810,349 | |||||||||||||||
1-4 family properties | 832,074 | 100,763 | 118,205 | 8,047 | — | 1,059,089 | ||||||||||||||||
Land acquisition | 463,764 | 60,134 | 73,717 | 940 | — | 598,555 | ||||||||||||||||
Total commercial real estate | 5,749,483 | 389,231 | 320,292 | 8,987 | — | 6,467,993 | ||||||||||||||||
Commercial, financial and agricultural | 5,209,016 | 186,667 | 170,974 | 8,199 | 85 | (3) | 5,574,941 | |||||||||||||||
Owner-occupied | 3,478,985 | 160,617 | 145,732 | 512 | 433 | (3) | 3,786,279 | |||||||||||||||
Small business | 871,090 | — | 14,249 | 1,231 | — | 886,570 | ||||||||||||||||
Total commercial and industrial | 9,559,091 | 347,284 | 330,955 | 9,942 | 518 | 10,247,790 | ||||||||||||||||
Home equity lines | 1,640,278 | — | 20,559 | 1,660 | 2,023 | (3) | 1,664,520 | |||||||||||||||
Consumer mortgages | 1,518,211 | — | 40,499 | 2,158 | 243 | (3) | 1,561,111 | |||||||||||||||
Credit cards | 254,039 | — | 382 | — | 948 | (4) | 255,369 | |||||||||||||||
Other retail | 283,873 | — | 3,920 | 32 | 110 | (3) | 287,935 | |||||||||||||||
Total retail | 3,696,401 | — | 65,360 | 3,850 | 3,324 | 3,768,935 | ||||||||||||||||
Total loans | $ | 19,004,975 | 736,515 | 716,607 | 22,779 | 3,842 | 20,484,718 | (5 | ) | |||||||||||||
31-Dec-13 | ||||||||||||||||||||||
(in thousands) | Pass | Special | Substandard(1) | Doubtful(2) | Loss | Total | ||||||||||||||||
Mention | ||||||||||||||||||||||
Investment properties | $ | 4,184,748 | 249,890 | 167,392 | 1,724 | — | 4,603,754 | |||||||||||||||
1-4 family properties | 892,512 | 126,715 | 128,890 | 8,062 | 292 | (3) | 1,156,471 | |||||||||||||||
Land acquisition | 421,956 | 94,316 | 186,514 | 2,547 | — | 705,333 | ||||||||||||||||
Total commercial real estate | 5,499,216 | 470,921 | 482,796 | 12,333 | 292 | 6,465,558 | ||||||||||||||||
Commercial, financial and agricultural | 5,053,808 | 224,620 | 201,410 | 10,286 | 90 | (3) | 5,490,214 | |||||||||||||||
Owner-occupied | 3,478,359 | 155,097 | 160,173 | 1,810 | — | 3,795,439 | ||||||||||||||||
Small business | 674,200 | — | 12,219 | 797 | — | 687,216 | ||||||||||||||||
Total commercial and industrial | 9,206,367 | 379,717 | 373,802 | 12,893 | 90 | 9,972,869 | ||||||||||||||||
Home equity lines | 1,559,272 | — | 24,931 | 1,448 | 1,890 | (3) | 1,587,541 | |||||||||||||||
Consumer mortgages | 1,475,928 | — | 40,935 | 1,918 | 287 | (3) | 1,519,068 | |||||||||||||||
Credit cards | 255,339 | — | 541 | — | 966 | (4) | 256,846 | |||||||||||||||
Other retail | 281,179 | — | 3,400 | 75 | 124 | (3) | 284,778 | |||||||||||||||
Total retail | 3,571,718 | — | 69,807 | 3,441 | 3,267 | 3,648,233 | ||||||||||||||||
Total loans | $ | 18,277,301 | 850,638 | 926,405 | 28,667 | 3,649 | 20,086,660 | (6 | ) | |||||||||||||
(1) Includes $232.9 million and $384.0 million of non-accrual Substandard loans at June 30, 2014 and December 31, 2013, respectively. | ||||||||||||||||||||||
(2) The loans within this risk grade are on non-accrual status and have an allowance for loan losses generally equal to 50% of the loan amount. | ||||||||||||||||||||||
(3) The loans within this risk grade are on non-accrual status and have an allowance for loan losses equal to the full loan amount. | ||||||||||||||||||||||
(4) Represent amounts that were 120 days past due. These credits are downgraded to the Loss category with an allowance for loan losses equal to the full loan amount and are generally charged off upon reaching 181 days past due in accordance with the FFIEC Uniform Retail Credit Classification and Account Management Policy. | ||||||||||||||||||||||
(5)Total before net deferred fees and costs of $29.0 million. | ||||||||||||||||||||||
(6)Total before net deferred fees and costs of $28.9 million. | ||||||||||||||||||||||
The following table details the changes in the allowance for loan losses by loan segment for the six months ended June 30, 2014 and 2013. | ||||||||||||||||||||||
Allowance for Loan Losses and Recorded Investment in Loans | ||||||||||||||||||||||
As Of and For The Six Months Ended June 30, 2014 | ||||||||||||||||||||||
(in thousands) | Commercial Real Estate | Commercial & Industrial | Retail | Unallocated | Total | |||||||||||||||||
Allowance for loan losses: | ||||||||||||||||||||||
Beginning balance | $ | 127,012 | 116,069 | 41,479 | 23,000 | 307,560 | ||||||||||||||||
Allowance for loan losses of sold branches | (281 | ) | (398 | ) | (340 | ) | — | (1,019 | ) | |||||||||||||
Charge-offs | (35,906 | ) | (15,590 | ) | (12,860 | ) | — | (64,356 | ) | |||||||||||||
Recoveries | 5,216 | 4,308 | 4,279 | — | 13,803 | |||||||||||||||||
Provision (credit) for loan losses | 6,183 | 28,585 | 10,027 | (23,000 | ) | 21,795 | ||||||||||||||||
Ending balance | $ | 102,224 | 132,974 | 42,585 | — | 277,783 | ||||||||||||||||
Ending balance: individually evaluated for impairment | 21,470 | 19,053 | 961 | — | 41,484 | |||||||||||||||||
Ending balance: collectively evaluated for impairment | $ | 80,754 | 113,921 | 41,624 | — | 236,299 | ||||||||||||||||
Loans: | ||||||||||||||||||||||
Ending balance: total loans(1) | $ | 6,467,993 | 10,247,790 | 3,768,935 | — | 20,484,718 | ||||||||||||||||
Ending balance: individually evaluated for impairment | 331,414 | 202,899 | 51,181 | — | 585,494 | |||||||||||||||||
Ending balance: collectively evaluated for impairment | $ | 6,136,579 | 10,044,891 | 3,717,754 | — | 19,899,224 | ||||||||||||||||
As Of and For The Six Months Ended June 30, 2013 | ||||||||||||||||||||||
(in thousands) | Commercial Real Estate | Commercial & Industrial | Retail | Unallocated | Total | |||||||||||||||||
Allowance for loan losses: | ||||||||||||||||||||||
Beginning balance | $ | 167,926 | 138,495 | 38,984 | 28,000 | 373,405 | ||||||||||||||||
Charge-offs | (64,351 | ) | (30,232 | ) | (20,452 | ) | — | (115,035 | ) | |||||||||||||
Recoveries | 9,095 | 15,114 | 3,528 | — | 27,737 | |||||||||||||||||
Provision (credit) for loan losses | 25,659 | 9,813 | 18,301 | (5,000 | ) | 48,773 | ||||||||||||||||
Ending balance | $ | 138,329 | 133,190 | 40,361 | 23,000 | 334,880 | ||||||||||||||||
Ending balance: individually evaluated for impairment | 47,039 | 27,775 | 1,197 | — | 76,011 | |||||||||||||||||
Ending balance: collectively evaluated for impairment | $ | 91,290 | 105,415 | 39,164 | 23,000 | 258,869 | ||||||||||||||||
Loans: | ||||||||||||||||||||||
Ending balance: total loans(2) | $ | 6,414,750 | 9,727,959 | 3,489,341 | — | 19,632,050 | ||||||||||||||||
Ending balance: individually evaluated for impairment | 624,402 | 284,559 | 58,491 | — | 967,452 | |||||||||||||||||
Ending balance: collectively evaluated for impairment | $ | 5,790,348 | 9,443,400 | 3,430,850 | — | 18,664,598 | ||||||||||||||||
(1)Total before net deferred fees and costs of $29.0 million. | ||||||||||||||||||||||
(2)Total before net deferred fees and costs of $23.8 million. | ||||||||||||||||||||||
The following table details the changes in the allowance for loan losses by loan segment for the three months ended June 30, 2014 and 2013. | ||||||||||||||||||||||
Allowance for Loan Losses and Recorded Investment in Loans | ||||||||||||||||||||||
As Of and For The Three Months Ended June 30, 2014 | ||||||||||||||||||||||
(in thousands) | Commercial Real Estate | Commercial & Industrial | Retail | Unallocated | Total | |||||||||||||||||
Allowance for loan losses: | ||||||||||||||||||||||
Beginning balance | $ | 126,955 | 128,346 | 45,570 | — | 300,871 | ||||||||||||||||
Charge-offs | (27,960 | ) | (7,554 | ) | (6,567 | ) | — | (42,081 | ) | |||||||||||||
Recoveries | 2,989 | 2,355 | 1,365 | — | 6,709 | |||||||||||||||||
Provision for loan losses | 240 | 9,827 | 2,217 | — | 12,284 | |||||||||||||||||
Ending balance | $ | 102,224 | 132,974 | 42,585 | — | 277,783 | ||||||||||||||||
Ending balance: individually evaluated for impairment | 21,470 | 19,053 | 961 | — | 41,484 | |||||||||||||||||
Ending balance: collectively evaluated for impairment | $ | 80,754 | 113,921 | 41,624 | — | 236,299 | ||||||||||||||||
Loans: | ||||||||||||||||||||||
Ending balance: total loans(1) | $ | 6,467,993 | 10,247,790 | 3,768,935 | — | 20,484,718 | ||||||||||||||||
Ending balance: individually evaluated for impairment | 331,414 | 202,899 | 51,181 | — | 585,494 | |||||||||||||||||
Ending balance: collectively evaluated for impairment | $ | 6,136,579 | 10,044,891 | 3,717,754 | — | 19,899,224 | ||||||||||||||||
As Of and For The Three Months Ended June 30, 2013 | ||||||||||||||||||||||
(in thousands) | Commercial Real Estate | Commercial & Industrial | Retail | Unallocated | Total | |||||||||||||||||
Allowance for loan losses: | ||||||||||||||||||||||
Beginning balance | $ | 145,991 | 134,657 | 43,124 | 28,000 | 351,772 | ||||||||||||||||
Charge-offs | (28,075 | ) | (11,014 | ) | (8,827 | ) | — | (47,916 | ) | |||||||||||||
Recoveries | 5,493 | 10,696 | 1,758 | — | 17,947 | |||||||||||||||||
Provision (credit) for loan losses | 14,920 | (1,149 | ) | 4,306 | (5,000 | ) | 13,077 | |||||||||||||||
Ending balance | $ | 138,329 | 133,190 | 40,361 | 23,000 | 334,880 | ||||||||||||||||
Ending balance: individually evaluated for impairment | 47,039 | 27,775 | 1,197 | — | 76,011 | |||||||||||||||||
Ending balance: collectively evaluated for impairment | $ | 91,290 | 105,415 | 39,164 | 23,000 | 258,869 | ||||||||||||||||
Loans: | ||||||||||||||||||||||
Ending balance: total loans(2) | $ | 6,414,750 | 9,727,959 | 3,489,341 | — | 19,632,050 | ||||||||||||||||
Ending balance: individually evaluated for impairment | 624,402 | 284,559 | 58,491 | — | 967,452 | |||||||||||||||||
Ending balance: collectively evaluated for impairment | $ | 5,790,348 | 9,443,400 | 3,430,850 | — | 18,664,598 | ||||||||||||||||
(1)Total before net deferred fees and costs of $29.0 million. | ||||||||||||||||||||||
(2)Total before net deferred fees and costs of $23.8 million. | ||||||||||||||||||||||
During the first quarter of 2014, Synovus designated $23.0 million of allowance for loan losses that was included in the unallocated component of the allowance for loan losses at December 31, 2013 to the allowance for loan losses allocated to the respective loan segments. The allocation of the allowance for loan losses to the loan segments related to the qualitative factors evaluated at December 31, 2013 on a total loan portfolio basis and included in the unallocated component of the allowance for loan losses at December 31, 2013. These qualitative factors consider the inherent risk of loss relating to the following: | ||||||||||||||||||||||
• | experience, ability, and depth of lending management, loan review personnel, and other relevant staff | |||||||||||||||||||||
• | national and local economic trends and conditions | |||||||||||||||||||||
• | underlying value of collateral dependent loans, which impacts trends in charge-offs and recoveries that are not included in the expected loss factors | |||||||||||||||||||||
• | trends in volume and terms of loans | |||||||||||||||||||||
• | effects of changes in credit concentrations | |||||||||||||||||||||
• | model uncertainty | |||||||||||||||||||||
Management determined that, prospectively, the assessment of these qualitative factors for each loan segment would improve the overall level of precision of the allowance for loan loss estimation process. The designation of this component of the unallocated allowance to the allocated allowance did not result in a change to the total allowance for loan losses or provision expense for the first quarter of 2014. The allowance for loan losses continues to consist of an allocated component (which includes the qualitative factors noted above as well as the qualitative factors disclosed in Synovus' 2013 Form 10-K) and an unallocated component. Beginning March 31, 2014, the unallocated component relates to risk elements, if any, which are not already included in the allocated allowance. | ||||||||||||||||||||||
The tables below summarize impaired loans (including accruing TDRs) as of June 30, 2014 and December 31, 2013. | ||||||||||||||||||||||
Impaired Loans (including accruing TDRs) | ||||||||||||||||||||||
June 30, 2014 | Six Months Ended | Three Months Ended June 30, 2014 | ||||||||||||||||||||
30-Jun-14 | ||||||||||||||||||||||
(in thousands) | Recorded Investment | Unpaid Principal Balance | Related Allowance | Average Recorded Investment | Interest Income Recognized | Average Recorded Investment | Interest Income Recognized | |||||||||||||||
With no related allowance recorded | ||||||||||||||||||||||
Investment properties | $ | 34,064 | 45,351 | — | 20,840 | — | 27,491 | — | ||||||||||||||
1-4 family properties | 4,036 | 21,206 | — | 6,901 | — | 5,219 | — | |||||||||||||||
Land acquisition | 30,896 | 94,899 | — | 31,988 | — | 34,596 | — | |||||||||||||||
Total commercial real estate | 68,996 | 161,456 | — | 59,729 | — | 67,306 | — | |||||||||||||||
Commercial, financial and agricultural | 10,242 | 20,296 | — | 11,483 | — | 10,046 | — | |||||||||||||||
Owner-occupied | 21,606 | 23,379 | — | 22,565 | — | 21,471 | — | |||||||||||||||
Small business | — | — | — | — | — | — | — | |||||||||||||||
Total commercial and industrial | 31,848 | 43,675 | — | 34,048 | — | 31,517 | — | |||||||||||||||
Home equity lines | — | — | — | — | — | — | — | |||||||||||||||
Consumer mortgages | 2,310 | 2,527 | — | 1,271 | — | 1,889 | — | |||||||||||||||
Credit cards | — | — | — | — | — | — | — | |||||||||||||||
Other retail | — | — | — | — | — | — | — | |||||||||||||||
Total retail | 2,310 | 2,527 | — | 1,271 | — | 1,889 | — | |||||||||||||||
Total impaired loans with no | $ | 103,154 | 207,658 | — | 95,048 | — | 100,712 | — | ||||||||||||||
related allowance recorded | ||||||||||||||||||||||
With allowance recorded | ||||||||||||||||||||||
Investment properties | $ | 120,684 | 121,771 | 3,757 | 152,469 | 2,070 | 136,574 | 992 | ||||||||||||||
1-4 family properties | 93,058 | 93,916 | 12,782 | 103,152 | 1,577 | 95,931 | 763 | |||||||||||||||
Land acquisition | 48,676 | 48,780 | 4,931 | 130,032 | 846 | 86,284 | 374 | |||||||||||||||
Total commercial real estate | 262,418 | 264,467 | 21,470 | 385,653 | 4,493 | 318,789 | 2,129 | |||||||||||||||
Commercial, financial and agricultural | 80,669 | 80,834 | 14,666 | 100,319 | 1,261 | 94,848 | 503 | |||||||||||||||
Owner-occupied | 80,850 | 81,007 | 3,943 | 82,376 | 1,400 | 78,791 | 670 | |||||||||||||||
Small business | 9,532 | 9,532 | 444 | 8,034 | 112 | 9,027 | 97 | |||||||||||||||
Total commercial and industrial | 171,051 | 171,373 | 19,053 | 190,729 | 2,773 | 182,666 | 1,270 | |||||||||||||||
Home equity lines | 3,573 | 3,573 | 85 | 2,974 | 32 | 3,342 | 32 | |||||||||||||||
Consumer mortgages | 39,781 | 39,781 | 779 | 41,265 | 541 | 39,940 | 471 | |||||||||||||||
Credit cards | — | — | — | — | — | — | — | |||||||||||||||
Other retail | 5,517 | 5,517 | 97 | 4,753 | 141 | 5,275 | 85 | |||||||||||||||
Total retail | 48,871 | 48,871 | 961 | 48,992 | 714 | 48,557 | 588 | |||||||||||||||
Total impaired loans with | $ | 482,340 | 484,711 | 41,484 | 625,374 | 7,980 | 550,012 | 3,987 | ||||||||||||||
allowance recorded | ||||||||||||||||||||||
Total impaired loans | ||||||||||||||||||||||
Investment properties | $ | 154,748 | 167,122 | 3,757 | 173,309 | 2,070 | 164,065 | 992 | ||||||||||||||
1-4 family properties | 97,094 | 115,122 | 12,782 | 110,053 | 1,577 | 101,150 | 763 | |||||||||||||||
Land acquisition | 79,572 | 143,679 | 4,931 | 162,020 | 846 | 120,880 | 374 | |||||||||||||||
Total commercial real estate | 331,414 | 425,923 | 21,470 | 445,382 | 4,493 | 386,095 | 2,129 | |||||||||||||||
Commercial, financial and agricultural | 90,911 | 101,130 | 14,666 | 111,802 | 1,261 | 104,894 | 503 | |||||||||||||||
Owner-occupied | 102,456 | 104,386 | 3,943 | 104,941 | 1,400 | 100,262 | 670 | |||||||||||||||
Small business | 9,532 | 9,532 | 444 | 8,034 | 112 | 9,027 | 97 | |||||||||||||||
Total commercial and industrial | 202,899 | 215,048 | 19,053 | 224,777 | 2,773 | 214,183 | 1,270 | |||||||||||||||
Home equity lines | 3,573 | 3,573 | 85 | 2,974 | 32 | 3,342 | 32 | |||||||||||||||
Consumer mortgages | 42,091 | 42,308 | 779 | 42,536 | 541 | 41,829 | 471 | |||||||||||||||
Credit cards | — | — | — | — | — | — | — | |||||||||||||||
Other retail | 5,517 | 5,517 | 97 | 4,753 | 141 | 5,275 | 85 | |||||||||||||||
Total retail | 51,181 | 51,398 | 961 | 50,263 | 714 | 50,446 | 588 | |||||||||||||||
Total impaired loans | $ | 585,494 | 692,369 | 41,484 | 720,422 | 7,980 | 650,724 | 3,987 | ||||||||||||||
Impaired Loans (including accruing TDRs) | ||||||||||||||||||||||
December 31, 2013 | Year Ended December 31, 2013 | |||||||||||||||||||||
(in thousands) | Recorded Investment | Unpaid Principal Balance | Related Allowance | Average Recorded Investment | Interest Income Recognized | |||||||||||||||||
With no related allowance recorded | ||||||||||||||||||||||
Investment properties | $ | 14,218 | 15,820 | — | 18,046 | — | ||||||||||||||||
1-4 family properties | 9,679 | 29,741 | — | 23,879 | — | |||||||||||||||||
Land acquisition | 30,595 | 78,470 | — | 41,007 | — | |||||||||||||||||
Total commercial real estate | 54,492 | 124,031 | — | 82,932 | — | |||||||||||||||||
Commercial, financial and agricultural | 13,490 | 22,312 | — | 15,355 | — | |||||||||||||||||
Owner-occupied | 24,839 | 32,626 | — | 22,556 | — | |||||||||||||||||
Small business | — | — | — | — | — | |||||||||||||||||
Total commercial and industrial | 38,329 | 54,938 | — | 37,911 | — | |||||||||||||||||
Home equity lines | — | — | — | 33 | — | |||||||||||||||||
Consumer mortgages | 1,180 | 2,840 | — | 1,487 | — | |||||||||||||||||
Credit cards | — | — | — | — | — | |||||||||||||||||
Other retail | — | — | — | 4 | — | |||||||||||||||||
Total retail | 1,180 | 2,840 | — | 1,524 | — | |||||||||||||||||
Total impaired loans with no | $ | 94,001 | 181,809 | — | 122,367 | — | ||||||||||||||||
related allowance recorded | ||||||||||||||||||||||
With allowance recorded | ||||||||||||||||||||||
Investment properties | $ | 186,058 | 193,765 | 8,863 | 226,987 | 5,062 | ||||||||||||||||
1-4 family properties | 115,063 | 117,410 | 11,126 | 115,614 | 3,464 | |||||||||||||||||
Land acquisition | 183,029 | 202,048 | 26,789 | 191,807 | 2,931 | |||||||||||||||||
Total commercial real estate | 484,150 | 513,223 | 46,778 | 534,408 | 11,457 | |||||||||||||||||
Commercial, financial and agricultural | 112,291 | 117,049 | 15,364 | 126,242 | 3,534 | |||||||||||||||||
Owner-occupied | 86,661 | 92,529 | 4,327 | 106,186 | 3,590 | |||||||||||||||||
Small business | 5,669 | 5,669 | 336 | 4,132 | 162 | |||||||||||||||||
Total commercial and industrial | 204,621 | 215,247 | 20,027 | 236,560 | 7,286 | |||||||||||||||||
Home equity lines | 2,750 | 2,750 | 116 | 4,668 | 176 | |||||||||||||||||
Consumer mortgages | 44,019 | 44,019 | 967 | 48,674 | 1,910 | |||||||||||||||||
Credit cards | — | — | — | — | — | |||||||||||||||||
Other retail | 7,013 | 7,013 | 109 | 5,555 | 285 | |||||||||||||||||
Total retail | 53,782 | 53,782 | 1,192 | 58,897 | 2,371 | |||||||||||||||||
Total impaired loans with | $ | 742,553 | 782,252 | 67,997 | 829,865 | 21,114 | ||||||||||||||||
allowance recorded | ||||||||||||||||||||||
Total impaired loans | ||||||||||||||||||||||
Investment properties | $ | 200,276 | 209,585 | 8,863 | 245,033 | 5,062 | ||||||||||||||||
1-4 family properties | 124,742 | 147,151 | 11,126 | 139,493 | 3,464 | |||||||||||||||||
Land acquisition | 213,624 | 280,518 | 26,789 | 232,814 | 2,931 | |||||||||||||||||
Total commercial real estate | 538,642 | 637,254 | 46,778 | 617,340 | 11,457 | |||||||||||||||||
Commercial, financial and agricultural | 125,781 | 139,361 | 15,364 | 141,597 | 3,534 | |||||||||||||||||
Owner-occupied | 111,500 | 125,155 | 4,327 | 128,742 | 3,590 | |||||||||||||||||
Small business | 5,669 | 5,669 | 336 | 4,132 | 162 | |||||||||||||||||
Total commercial and industrial | 242,950 | 270,185 | 20,027 | 274,471 | 7,286 | |||||||||||||||||
Home equity lines | 2,750 | 2,750 | 116 | 4,701 | 176 | |||||||||||||||||
Consumer mortgages | 45,199 | 46,859 | 967 | 50,161 | 1,910 | |||||||||||||||||
Credit cards | — | — | — | — | — | |||||||||||||||||
Other retail | 7,013 | 7,013 | 109 | 5,559 | 285 | |||||||||||||||||
Total retail | 54,962 | 56,622 | 1,192 | 60,421 | 2,371 | |||||||||||||||||
Total impaired loans | $ | 836,554 | 964,061 | 67,997 | 952,232 | 21,114 | ||||||||||||||||
The average recorded investment in impaired loans was $720.4 million and $650.7 million for the six and three months ended June 30, 2014, respectively. Excluding accruing TDRs, there was no interest income recognized for the investment in impaired loans for the six and three months ended June 30, 2014 and 2013. Interest income recognized for accruing TDRs was $8.0 million and $4.0 million, respectively, for the six and three months ended June 30, 2014 and $10.8 million and $5.4 million, respectively, for the six and three months ended June 30, 2013 . At June 30, 2014 and December 31, 2013, all impaired loans other than $444.1 million and $556.4 million, respectively, of accruing TDRs, were on non-accrual status. | ||||||||||||||||||||||
Concessions provided in a TDR are primarily in the form of providing a below market interest rate given the borrower's credit risk, a period of time generally less than one year with a reduction of required principal and/or interest payments (e.g., interest only for a period of time), or extension of the maturity of the loan generally for less than one year. Insignificant periods of reduction of principal and/or interest payments, or one time deferrals of 3 months or less, are generally not considered to be financial concessions. | ||||||||||||||||||||||
The following tables represent, by concession type, the post-modification balance for loans modified or renewed during the six and three months ended June 30, 2014 and 2013 that were reported as accruing or non-accruing TDRs. | ||||||||||||||||||||||
TDRs by Concession Type | ||||||||||||||||||||||
Six Months Ended June 30, 2014 | ||||||||||||||||||||||
(in thousands, except contract data) | Number of Contracts | Principal Forgiveness | Below Market Interest Rate | Term Extensions and/or Other Concessions | Total | |||||||||||||||||
Investment properties | 6 | $ | — | 7,143 | 1,339 | 8,482 | ||||||||||||||||
1-4 family properties | 18 | — | 1,036 | 1,511 | 2,547 | |||||||||||||||||
Land acquisition | 11 | — | 4,282 | 2,042 | 6,324 | |||||||||||||||||
Total commercial real estate | 35 | — | 12,461 | 4,892 | 17,353 | |||||||||||||||||
Commercial, financial and agricultural | 13 | — | 4,070 | 9,242 | 13,312 | |||||||||||||||||
Owner-occupied | 9 | — | 19,315 | 14,151 | 33,466 | |||||||||||||||||
Small business | 46 | — | 1,746 | 5,071 | 6,817 | |||||||||||||||||
Total commercial and industrial | 68 | — | 25,131 | 28,464 | 53,595 | |||||||||||||||||
Home equity lines | 6 | — | 728 | 451 | 1,179 | |||||||||||||||||
Consumer mortgages | 8 | — | 1,753 | 103 | 1,856 | |||||||||||||||||
Credit cards | — | — | — | — | — | |||||||||||||||||
Other retail | 10 | — | 442 | 235 | 677 | |||||||||||||||||
Total retail | 24 | — | 2,923 | 789 | 3,712 | |||||||||||||||||
Total TDRs | 127 | $ | — | 40,515 | 34,145 | 74,660 | (1 | ) | ||||||||||||||
Three Months Ended June 30, 2014 | ||||||||||||||||||||||
(in thousands, except contract data) | Number of Contracts | Principal Forgiveness | Below Market Interest Rate | Term Extensions and/or Other Concessions | Total | |||||||||||||||||
Investment properties | 3 | $ | — | — | 1,019 | 1,019 | ||||||||||||||||
1-4 family properties | 14 | — | 903 | 425 | 1,328 | |||||||||||||||||
Land acquisition | 10 | — | 4,282 | 1,508 | 5,790 | |||||||||||||||||
Total commercial real estate | 27 | — | 5,185 | 2,952 | 8,137 | |||||||||||||||||
Commercial, financial and agricultural | 6 | — | 2,279 | 7,037 | 9,316 | |||||||||||||||||
Owner-occupied | 2 | — | 16,827 | 11,333 | 28,160 | |||||||||||||||||
Small business | 23 | — | 1,450 | 1,755 | 3,205 | |||||||||||||||||
Total commercial and industrial | 31 | — | 20,556 | 20,125 | 40,681 | |||||||||||||||||
Home equity lines | 4 | — | 487 | 405 | 892 | |||||||||||||||||
Consumer mortgages | 7 | — | 1,652 | 103 | 1,755 | |||||||||||||||||
Credit cards | — | — | — | — | ||||||||||||||||||
Other retail | 6 | — | 442 | 118 | 560 | |||||||||||||||||
Total retail | 17 | — | 2,581 | 626 | 3,207 | |||||||||||||||||
Total TDRs | 75 | $ | — | 28,322 | 23,703 | 52,025 | (2 | ) | ||||||||||||||
(1) No net charge-offs were recorded during the six months ended June 30, 2014 upon restructuring of these loans. | ||||||||||||||||||||||
(2) No net charge-offs were recorded during the three months ended June 30, 2014 upon restructuring of these loans. | ||||||||||||||||||||||
TDRs by Concession Type | ||||||||||||||||||||||
Six Months Ended June 30, 2013 | ||||||||||||||||||||||
(in thousands, except contract data) | Number of Contracts | Principal Forgiveness | Below Market Interest Rate | Term Extensions and/or Other Concessions | Total | |||||||||||||||||
Investment properties | 31 | $ | — | 47,152 | 4,372 | 51,524 | ||||||||||||||||
1-4 family properties | 58 | 424 | 24,031 | 6,496 | 30,951 | |||||||||||||||||
Land acquisition | 16 | 74 | 5,332 | 7,231 | 12,637 | |||||||||||||||||
Total commercial real estate | 105 | 498 | 76,515 | 18,099 | 95,112 | |||||||||||||||||
Commercial, financial and agricultural | 57 | 183 | 17,907 | 8,990 | 27,080 | |||||||||||||||||
Owner-occupied | 27 | — | 15,620 | 14,335 | 29,955 | |||||||||||||||||
Small business | 24 | — | 917 | 1,608 | 2,525 | |||||||||||||||||
Total commercial and industrial | 108 | 183 | 34,444 | 24,933 | 59,560 | |||||||||||||||||
Home equity lines | 1 | — | — | 80 | 80 | |||||||||||||||||
Consumer mortgages | 84 | — | 7,124 | 3,038 | 10,162 | |||||||||||||||||
Credit cards | — | — | — | — | — | |||||||||||||||||
Other retail | 38 | — | 460 | 1,028 | 1,488 | |||||||||||||||||
Total retail | 123 | — | 7,584 | 4,146 | 11,730 | |||||||||||||||||
Total TDRs | 336 | $ | 681 | 118,543 | 47,178 | 166,402 | (1 | ) | ||||||||||||||
Three Months Ended June 30, 2013 | ||||||||||||||||||||||
(in thousands, except contract data) | Number of Contracts | Principal Forgiveness | Below Market Interest Rate | Term Extensions and/or Other Concessions | Total | |||||||||||||||||
Investment properties | 17 | $ | — | 31,375 | 2,258 | 33,633 | ||||||||||||||||
1-4 family properties | 21 | — | 17,067 | 2,312 | 19,379 | |||||||||||||||||
Land acquisition | 6 | — | 1,353 | 6,902 | 8,255 | |||||||||||||||||
Total commercial real estate | 44 | — | 49,795 | 11,472 | 61,267 | |||||||||||||||||
Commercial, financial and agricultural | 30 | — | 9,430 | 7,253 | 16,683 | |||||||||||||||||
Owner-occupied | 10 | — | 10,337 | 11,881 | 22,218 | |||||||||||||||||
Small business | 11 | — | 30 | 934 | 964 | |||||||||||||||||
Total commercial and industrial | 51 | — | 19,797 | 20,068 | 39,865 | |||||||||||||||||
Home equity lines | — | — | — | — | — | |||||||||||||||||
Consumer mortgages | 38 | — | 2,204 | 435 | 2,639 | |||||||||||||||||
Credit cards | — | — | — | — | — | |||||||||||||||||
Other retail | 14 | — | 88 | 362 | 450 | |||||||||||||||||
Total retail | 52 | — | 2,292 | 797 | 3,089 | |||||||||||||||||
Total TDRs | 147 | $ | — | 71,884 | 32,337 | 104,221 | (2 | ) | ||||||||||||||
(1) Net charge-offs of $53 thousand were recorded during the six months ended June 30, 2013 upon restructuring of these loans. | ||||||||||||||||||||||
(2) No net charge-offs were recorded during the three months ended June 30, 2013 upon restructuring of these loans. | ||||||||||||||||||||||
The following table presents TDRs that defaulted in the periods indicated and which were modified or renewed in a TDR within 12 months of the default date. | ||||||||||||||||||||||
Troubled Debt Restructurings Entered Into That Subsequently Defaulted* During | ||||||||||||||||||||||
Six Months Ended June 30, 2014 | Three Months Ended June 30, 2014 | |||||||||||||||||||||
(in thousands, except contract data) | Number of | Recorded | Number of | Recorded | ||||||||||||||||||
Contracts | Investment | Contracts | Investment | |||||||||||||||||||
Investment properties | 1 | $ | 186 | — | $ | — | ||||||||||||||||
1-4 family properties | 3 | 1,018 | 3 | 1,018 | ||||||||||||||||||
Land acquisition | 1 | 428 | 1 | 428 | ||||||||||||||||||
Total commercial real estate | 5 | 1,632 | 4 | 1,446 | ||||||||||||||||||
Commercial, financial and agricultural | 2 | 1,378 | 1 | 856 | ||||||||||||||||||
Owner-occupied | — | — | — | — | ||||||||||||||||||
Small business | — | — | — | — | ||||||||||||||||||
Total commercial and industrial | 2 | 1,378 | 1 | 856 | ||||||||||||||||||
Home equity lines | — | — | — | — | ||||||||||||||||||
Consumer mortgages | 1 | 70 | 1 | 70 | ||||||||||||||||||
Credit cards | — | — | — | — | ||||||||||||||||||
Other retail | — | — | — | — | ||||||||||||||||||
Total retail | 1 | 70 | 1 | 70 | ||||||||||||||||||
Total TDRs | 8 | $ | 3,080 | 6 | $ | 2,372 | ||||||||||||||||
* Default is defined as the earlier of the troubled debt restructuring being placed on non-accrual status or reaching 90 days past due with respect to principal and/or interest payments. | ||||||||||||||||||||||
Troubled Debt Restructurings Entered Into That Subsequently Defaulted* During | ||||||||||||||||||||||
Six Months Ended June 30, 2013 | Three Months Ended June 30, 2013 | |||||||||||||||||||||
(in thousands, except contract data) | Number of | Recorded | Number of | Recorded | ||||||||||||||||||
Contracts | Investment | Contracts | Investment | |||||||||||||||||||
Investment properties | 2 | $ | 4,519 | — | $ | — | ||||||||||||||||
1-4 family properties | 8 | 10,754 | 6 | 1,809 | ||||||||||||||||||
Land acquisition | 1 | 126 | 1 | 125 | ||||||||||||||||||
Total commercial real estate | 11 | 15,399 | 7 | 1,934 | ||||||||||||||||||
Commercial, financial and agricultural | 2 | 389 | 1 | 119 | ||||||||||||||||||
Owner-occupied | 2 | 924 | 1 | 68 | ||||||||||||||||||
Small business | 1 | 20 | 1 | 20 | ||||||||||||||||||
Total commercial and industrial | 5 | 1,333 | 3 | 207 | ||||||||||||||||||
Home equity lines | — | — | — | — | ||||||||||||||||||
Consumer mortgages | 13 | 978 | 3 | 420 | ||||||||||||||||||
Credit cards | — | — | — | — | ||||||||||||||||||
Other retail | 1 | 195 | — | — | ||||||||||||||||||
Total retail | 14 | 1,173 | 3 | 420 | ||||||||||||||||||
Total TDRs | 30 | $ | 17,905 | 13 | $ | 2,561 | ||||||||||||||||
* Default is defined as the earlier of the troubled debt restructuring being placed on non-accrual status or reaching 90 days past due with respect to principal and/or interest payments. | ||||||||||||||||||||||
If, at the time a loan was designated as a TDR, the loan was not already impaired, the measurement of impairment that resulted from the TDR designation changes from a general pool-level reserve to a specific loan measurement of impairment in accordance with ASC 310-10-35. Generally, the change in the allowance for loan losses resulting from such TDR designation is not significant. At June 30, 2014, the allowance for loan losses allocated to accruing TDRs totaling $444.1 million was $24.3 million compared to accruing TDRs of $556.4 million with an allocated allowance for loan losses of $27.7 million at December 31, 2013. Non-accrual, non-homogeneous loans (commercial-type impaired loans greater than $1 million) that are designated as TDRs, are individually measured for the amount of impairment, if any, both before and after the TDR designation. |
Other_Real_Estate
Other Real Estate | 6 Months Ended |
Jun. 30, 2014 | |
Other Real Estate, Foreclosed Assets, and Repossessed Assets [Abstract] | ' |
Other Real Estate | ' |
Note 7 - Other Real Estate | |
ORE consists of properties obtained through a foreclosure proceeding or through an in-substance foreclosure in satisfaction of loans. In accordance with provisions of ASC 310-10-35 regarding subsequent measurement of loans for impairment and ASC 310-40-15 regarding accounting for troubled debt restructurings by a creditor, a loan is classified as an in-substance foreclosure when Synovus has taken possession of the collateral regardless of whether formal foreclosure proceedings have taken place. | |
At foreclosure, ORE is recorded at the lower of cost or fair value less the estimated cost to sell, which establishes a new cost basis. Subsequent to foreclosure, ORE is evaluated quarterly and reported at fair value less estimated costs to sell, not to exceed the new cost basis, determined on the basis of current appraisals, comparable sales, and other estimates of fair value obtained principally from independent sources, adjusted for estimated selling costs. Management also considers other factors or recent developments such as changes in absorption rates or market conditions from the time of valuation and anticipated sales values considering management’s plans for disposition, which could result in an adjustment to lower the collateral value estimates indicated in the appraisals. At the time of foreclosure or initial possession of collateral, any excess of the loan balance over the fair value of the real estate held as collateral, less costs to sell, is recorded as a charge against the allowance for loan losses. Revenue and expenses from ORE operations as well as gains or losses on sales are recorded as foreclosed real estate expense, net, a component of non-interest expense on the consolidated statements of income. Subsequent declines in fair value are recorded on a property-by-property basis through use of a valuation allowance within other real estate on the consolidated balances sheets and valuation adjustment account in foreclosed real estate expense, net, a component of non-interest expense on the consolidated statements of income. | |
The carrying value of ORE was $101.5 million and $112.6 million at June 30, 2014 and December 31, 2013, respectively. During the six months ended June 30, 2014 and 2013, $25.3 million and $53.2 million, respectively, of loans and other loans held for sale were foreclosed and transferred to other real estate at fair value. During the six months ended June 30, 2014 and 2013, Synovus recognized foreclosed real estate expense, net, of $9.7 million and $18.4 million, respectively. These expenses included write-downs for declines in fair value of ORE subsequent to the date of foreclosure and net realized losses resulting from sales transactions totaling $8.2 million and $14.3 million for the six months ended June 30, 2014 and 2013, respectively. |
Goodwill
Goodwill | 6 Months Ended |
Jun. 30, 2014 | |
Goodwill and Intangible Assets Disclosure [Abstract] | ' |
Goodwill | ' |
Note 8 - Goodwill | |
At June 30, 2014, the carrying value of goodwill was $24.4 million. Synovus assesses goodwill for impairment at the reporting unit level on an annual basis and between annual assessments if an event occurs or circumstances change that would more likely than not reduce the fair value of a reporting unit below its carrying amount. Synovus performs its annual goodwill impairment testing as of June 30th of each year. At June 30, 2014, Synovus completed its annual goodwill impairment evaluation, and as a result of this evaluation, concluded that goodwill was not impaired. | |
For the annual goodwill impairment test, the fair value of the reporting unit was determined by using the income approach. The first step (Step 1) of impairment testing requires a comparison of the reporting unit's fair value to the carrying amount to identify potential impairment. The result of the Step 1 process indicated that goodwill of the reporting unit was not impaired, as the fair value of the reporting unit exceeded the respective carrying value; therefore, no further testing was required. The estimated fair value of the reporting unit was $134.1 million, which exceeded the carrying value of $76.6 million by $57.5 million, or 75%. The key assumptions that drove the fair value of this reporting unit under the income approach included projected revenue growth, projected EBITDA margin, long-term growth rate, and the discount rate. |
Other_Comprehensive_Income
Other Comprehensive Income | 6 Months Ended | ||||||||||||
Jun. 30, 2014 | |||||||||||||
Equity [Abstract] | ' | ||||||||||||
Other Comprehensive Income (Loss) | ' | ||||||||||||
Note 9 - Other Comprehensive Income (Loss) | |||||||||||||
The following table illustrates activity within the balances in accumulated other comprehensive income (loss) by component, and is shown for the six and three months ended June 30, 2014 and 2013. | |||||||||||||
Changes in Accumulated Other Comprehensive Income (Loss) by Component (Net of Income Taxes) | |||||||||||||
(in thousands) | Net unrealized gains (losses) on cash flow hedges | Net unrealized gains (losses) on investment securities available for sale | Post-retirement unfunded health benefit | Total | |||||||||
Balance as of December 31, 2013 | $ | (13,099 | ) | (28,936 | ) | 777 | (41,258 | ) | |||||
Other comprehensive income before reclassifications | — | 28,068 | 243 | 28,311 | |||||||||
Amounts reclassified from accumulated other comprehensive income (loss) | 137 | (818 | ) | (88 | ) | (769 | ) | ||||||
Net current period other comprehensive income (loss) | 137 | 27,250 | 155 | 27,542 | |||||||||
Balance as of June 30, 2014 | $ | (12,962 | ) | (1,686 | ) | 932 | (13,716 | ) | |||||
Balance as of April 1, 2014 | $ | (13,030 | ) | (18,166 | ) | 733 | (30,463 | ) | |||||
Other comprehensive income before reclassifications | — | 16,480 | 243 | 16,723 | |||||||||
Amounts reclassified from accumulated other comprehensive income (loss) | 68 | — | (44 | ) | 24 | ||||||||
Net current period other comprehensive income (loss) | 68 | 16,480 | 199 | 16,747 | |||||||||
Balance as of June 30, 2014 | $ | (12,962 | ) | (1,686 | ) | 932 | (13,716 | ) | |||||
Changes in Accumulated Other Comprehensive Income (Loss) by Component (Net of Income Taxes) | |||||||||||||
(in thousands) | Net unrealized gains (losses) on cash flow hedges | Net unrealized gains (losses) on investment securities available for sale | Post-retirement unfunded health benefit | Total | |||||||||
Balance as of December 31, 2012 | $ | (13,373 | ) | 17,111 | 363 | 4,101 | |||||||
Other comprehensive income (loss) before reclassifications | — | (36,909 | ) | 519 | (36,390 | ) | |||||||
Amounts reclassified from accumulated other comprehensive income (loss) | 136 | (891 | ) | (16 | ) | (771 | ) | ||||||
Net current period other comprehensive income (loss) | 136 | (37,800 | ) | 503 | (37,161 | ) | |||||||
Balance as of June 30, 2013 | $ | (13,237 | ) | (20,689 | ) | 866 | (33,060 | ) | |||||
Balance as of April 1, 2013 | $ | (13,304 | ) | 15,751 | 340 | 2,787 | |||||||
Other comprehensive income (loss) before reclassifications | — | (35,578 | ) | 519 | (35,059 | ) | |||||||
Amounts reclassified from accumulated other comprehensive income (loss) | 67 | (862 | ) | 7 | (788 | ) | |||||||
Net current period other comprehensive income (loss) | 67 | (36,440 | ) | 526 | (35,847 | ) | |||||||
Balance as of June 30, 2013 | $ | (13,237 | ) | (20,689 | ) | 866 | (33,060 | ) | |||||
In accordance with ASC 740-20-45-11(b), a deferred tax asset valuation allowance associated with unrealized gains and losses not recognized in income is charged directly to other comprehensive income (loss). Thus, during the years 2010 and 2011, Synovus recorded a deferred tax asset valuation allowance associated with unrealized gains and losses not recognized in income directly to other comprehensive income (loss) by applying the portfolio approach for allocation of the valuation allowance. Synovus has consistently applied the portfolio approach which treats derivative financial instruments, equity securities, and debt securities as a single portfolio. As of June 30, 2014, the ending balance in net unrealized gains (losses) on cash flow hedges and net unrealized gains (losses) on investment securities available for sale includes unrealized losses of $12.1 million and $13.3 million, respectively, related to the residual tax effects remaining in OCI due to the previously established deferred tax asset valuation allowance. Under the portfolio approach, these unrealized losses are realized at the time the entire portfolio is sold or disposed. | |||||||||||||
The following table illustrates activity within the reclassifications out of accumulated other comprehensive income (loss), for the six and three months ended June 30, 2014 and 2013. | |||||||||||||
Reclassifications out of Accumulated Other Comprehensive Income (Loss) | |||||||||||||
For the Six Months Ended June 30, 2014 | |||||||||||||
Details about accumulated other comprehensive income (loss) components | Amount reclassified from accumulated other comprehensive income (loss) | Affected line item in the statement where net income is presented | |||||||||||
Net unrealized gains (losses) on cash flow hedges: | |||||||||||||
Amortization of deferred losses | $ | (224 | ) | Interest expense | |||||||||
87 | Income tax (expense) benefit | ||||||||||||
$ | (137 | ) | Reclassifications, net of income taxes | ||||||||||
Net unrealized gains (losses) on investment securities available for sale: | |||||||||||||
Realized gain on sale of securities | $ | 1,331 | Investment securities gains, net | ||||||||||
(513 | ) | Income tax (expense) benefit | |||||||||||
$ | 818 | Reclassifications, net of income taxes | |||||||||||
Post-retirement unfunded health benefit: | |||||||||||||
Amortization of actuarial gains | $ | 144 | Salaries and other personnel expense | ||||||||||
(56 | ) | Income tax (expense) benefit | |||||||||||
$ | 88 | Reclassifications, net of income taxes | |||||||||||
Reclassifications out of Accumulated Other Comprehensive Income (Loss) | |||||||||||||
For the Three Months Ended June 30, 2014 | |||||||||||||
Details about accumulated other comprehensive income (loss) components | Amount reclassified from accumulated other comprehensive income (loss) | Affected line item in the statement where net income is presented | |||||||||||
Net unrealized gains (losses) on cash flow hedges: | |||||||||||||
Amortization of deferred losses | $ | (112 | ) | Interest expense | |||||||||
44 | Income tax (expense) benefit | ||||||||||||
$ | (68 | ) | Reclassifications, net of income taxes | ||||||||||
Net unrealized gains (losses) on investment securities available for sale: | |||||||||||||
Realized gain on sale of securities | $ | — | Investment securities gains, net | ||||||||||
— | Income tax (expense) benefit | ||||||||||||
$ | — | Reclassifications, net of income taxes | |||||||||||
Post-retirement unfunded health benefit: | |||||||||||||
Amortization of actuarial gains | $ | 72 | Salaries and other personnel expense | ||||||||||
(28 | ) | Income tax (expense) benefit | |||||||||||
$ | 44 | Reclassifications, net of income taxes | |||||||||||
Reclassifications out of Accumulated Other Comprehensive Income (Loss) | |||||||||||||
For the Six Months Ended June 30, 2013 | |||||||||||||
Details about accumulated other comprehensive income (loss) components | Amount reclassified from accumulated other comprehensive income (loss) | Affected line item in the statement where net income is presented | |||||||||||
Net unrealized gains (losses) on cash flow hedges: | |||||||||||||
Amortization of deferred losses | $ | (224 | ) | Interest expense | |||||||||
88 | Income tax (expense) benefit | ||||||||||||
$ | (136 | ) | Reclassifications, net of income taxes | ||||||||||
Net unrealized gains (losses) on investment securities available for sale: | |||||||||||||
Realized gain on sale of securities | $ | 1,448 | Investment securities gains, net | ||||||||||
(557 | ) | Income tax (expense) benefit | |||||||||||
$ | 891 | Reclassifications, net of income taxes | |||||||||||
Post-retirement unfunded health benefit: | |||||||||||||
Amortization of actuarial gains | $ | 26 | Salaries and other personnel expense | ||||||||||
(10 | ) | Income tax (expense) benefit | |||||||||||
$ | 16 | Reclassifications, net of income taxes | |||||||||||
Reclassifications out of Accumulated Other Comprehensive Income (Loss) | |||||||||||||
For the Three Months Ended June 30, 2013 | |||||||||||||
Details about accumulated other comprehensive income (loss) components | Amount reclassified from accumulated other comprehensive income (loss) | Affected line item in the statement where net income is presented | |||||||||||
Net unrealized gains (losses) on cash flow hedges: | |||||||||||||
Amortization of deferred losses | $ | (112 | ) | Interest expense | |||||||||
45 | Income tax (expense) benefit | ||||||||||||
$ | (67 | ) | Reclassifications, net of income taxes | ||||||||||
Net unrealized gains (losses) on investment securities available for sale: | |||||||||||||
Realized gain on sale of securities | $ | 1,403 | Investment securities gains, net | ||||||||||
(541 | ) | Income tax (expense) benefit | |||||||||||
$ | 862 | Reclassifications, net of income taxes | |||||||||||
Post-retirement unfunded health benefit: | |||||||||||||
Amortization of actuarial gains | $ | — | Salaries and other personnel expense | ||||||||||
(7 | ) | Income tax (expense) benefit | |||||||||||
$ | (7 | ) | Reclassifications, net of income taxes | ||||||||||
Fair_Value_Accounting
Fair Value Accounting | 6 Months Ended | ||||||||||||||||||||||||
Jun. 30, 2014 | |||||||||||||||||||||||||
Fair Value Disclosures [Abstract] | ' | ||||||||||||||||||||||||
Fair Value Accounting | ' | ||||||||||||||||||||||||
Note 10 - Fair Value Accounting | |||||||||||||||||||||||||
Synovus carries various assets and liabilities at fair value based on the fair value accounting guidance under ASC 820 and ASC 825. Fair value is defined as the exchange price that would be received for an asset or paid to transfer a liability (an “exit price”) in the principal or most advantageous market for the asset or liability in an orderly transaction between market participants on the measurement date. | |||||||||||||||||||||||||
Fair Value Hierarchy | |||||||||||||||||||||||||
Synovus determines the fair value of its financial instruments based on the fair value hierarchy established under ASC 820-10, which requires an entity to maximize the use of observable inputs and minimize the use of unobservable inputs when measuring fair value. A financial instrument’s categorization within the valuation hierarchy is based upon the lowest level of input that is significant to the financial instrument's fair value measurement in its entirety. There are three levels of inputs that may be used to measure fair value. The three levels of inputs of the valuation hierarchy are defined below: | |||||||||||||||||||||||||
Level 1 | Quoted prices (unadjusted) in active markets for identical assets and liabilities for the instrument or security to be valued. Level 1 assets include marketable equity securities as well as U.S. Treasury securities that are highly liquid and are actively traded in over-the-counter markets. | ||||||||||||||||||||||||
Level 2 | Observable inputs other than Level 1 quoted prices, such as quoted prices for similar assets and liabilities in active markets, quoted prices in markets that are not active or model-based valuation techniques for which all significant assumptions are derived principally from or corroborated by observable market data. Level 2 assets and liabilities include debt securities with quoted prices that are traded less frequently than exchange-traded instruments and derivative contracts whose value is determined by using a pricing model with inputs that are observable in the market or can be derived principally from or corroborated by observable market data. U.S. Government sponsored agency securities, mortgage-backed securities issued by U.S. Government sponsored enterprises and agencies, obligations of states and municipalities, CMOs issued by U.S. Government sponsored enterprises, and mortgage loans held-for-sale are generally included in this category. Certain private equity investments that invest in publicly traded companies are also considered Level 2 assets. | ||||||||||||||||||||||||
Level 3 | Unobservable inputs that are supported by little, if any, market activity for the asset or liability. Level 3 assets and liabilities include financial instruments whose value is determined using pricing models, discounted cash flow models and similar techniques, and may also include the use of market prices of assets or liabilities that are not directly comparable to the subject asset or liability. These methods of valuation may result in a significant portion of the fair value being derived from unobservable assumptions that reflect Synovus' own estimates for assumptions that market participants would use in pricing the asset or liability. This category primarily includes collateral-dependent impaired loans, other real estate, certain equity investments, and certain private equity investments. | ||||||||||||||||||||||||
See Note 16 "Fair Value Accounting" to the consolidated financial statements of Synovus' 2013 Form 10-K for a description of valuation methodologies for assets and liabilities measured at fair value on a recurring and non-recurring basis. | |||||||||||||||||||||||||
Assets and Liabilities Measured at Fair Value on a Recurring Basis | |||||||||||||||||||||||||
The following table presents all financial instruments measured at fair value on a recurring basis as of June 30, 2014 and December 31, 2013, according to the valuation hierarchy included in ASC 820-10. For equity and debt securities, class was determined based on the nature and risks of the investments. | |||||||||||||||||||||||||
June 30, 2014 | |||||||||||||||||||||||||
(in thousands) | Level 1 | Level 2 | Level 3 | Total Assets and Liabilities at Fair Value | |||||||||||||||||||||
Assets | |||||||||||||||||||||||||
Trading securities: | |||||||||||||||||||||||||
Mortgage-backed securities issued by U.S. Government agencies | $ | — | 6,305 | — | 6,305 | ||||||||||||||||||||
Collateralized mortgage obligations issued by | — | 1,900 | — | 1,900 | |||||||||||||||||||||
U.S. Government sponsored enterprises | |||||||||||||||||||||||||
State and municipal securities | — | 744 | — | 744 | |||||||||||||||||||||
All other mortgage-backed | — | 3,755 | — | 3,755 | |||||||||||||||||||||
securities | |||||||||||||||||||||||||
Other investments | — | 7,614 | — | 7,614 | |||||||||||||||||||||
Total trading securities | $ | — | 20,318 | — | 20,318 | ||||||||||||||||||||
Mortgage loans held for sale | — | 75,957 | — | 75,957 | |||||||||||||||||||||
Investment securities available for sale: | |||||||||||||||||||||||||
U.S. Treasury securities | 17,793 | — | — | 17,793 | |||||||||||||||||||||
U.S. Government agency securities | — | 34,292 | — | 34,292 | |||||||||||||||||||||
Securities issued by U.S. Government sponsored enterprises | — | 112,809 | — | 112,809 | |||||||||||||||||||||
Mortgage-backed securities issued by U.S. Government agencies | — | 174,378 | — | 174,378 | |||||||||||||||||||||
Mortgage-backed securities issued by U.S. Government sponsored enterprises | — | 2,338,295 | — | 2,338,295 | |||||||||||||||||||||
Collateralized mortgage obligations issued by U.S. Government agencies or sponsored enterprises | — | 386,473 | — | 386,473 | |||||||||||||||||||||
State and municipal securities | — | 5,429 | — | 5,429 | |||||||||||||||||||||
Equity securities | 6,953 | — | — | 6,953 | |||||||||||||||||||||
Other investments(1) | 1,897 | — | 1,866 | 3,763 | |||||||||||||||||||||
Total investment securities available for sale | $ | 26,643 | 3,051,676 | 1,866 | 3,080,185 | ||||||||||||||||||||
Private equity investments | — | 1,258 | 27,376 | 28,634 | |||||||||||||||||||||
Mutual funds held in Rabbi Trusts | 11,349 | — | — | 11,349 | |||||||||||||||||||||
Derivative assets: | |||||||||||||||||||||||||
Interest rate contracts | — | 34,476 | — | 34,476 | |||||||||||||||||||||
Mortgage derivatives(2) | — | 1,889 | — | 1,889 | |||||||||||||||||||||
Total derivative assets | $ | — | 36,365 | — | 36,365 | ||||||||||||||||||||
Liabilities | |||||||||||||||||||||||||
Trading account liabilities | — | 7,309 | — | 7,309 | |||||||||||||||||||||
Salary stock units | 465 | — | — | 465 | |||||||||||||||||||||
Derivative liabilities: | |||||||||||||||||||||||||
Interest rate contracts | — | 35,046 | — | 35,046 | |||||||||||||||||||||
Mortgage derivatives(2) | — | 1,122 | — | 1,122 | |||||||||||||||||||||
Visa derivative | — | — | 2,438 | 2,438 | |||||||||||||||||||||
Total derivative liabilities | $ | — | 36,168 | 2,438 | 38,606 | ||||||||||||||||||||
December 31, 2013 | |||||||||||||||||||||||||
(in thousands) | Level 1 | Level 2 | Level 3 | Total Assets and Liabilities at Fair Value | |||||||||||||||||||||
Assets | |||||||||||||||||||||||||
Trading securities: | |||||||||||||||||||||||||
Collateralized mortgage obligations issued by U.S. Government sponsored enterprises | — | 2,465 | — | 2,465 | |||||||||||||||||||||
State and municipal securities | — | 429 | — | 429 | |||||||||||||||||||||
All other mortgage-backed securities | — | 968 | — | 968 | |||||||||||||||||||||
Other investments | — | 2,251 | — | 2,251 | |||||||||||||||||||||
Total trading securities | $ | — | 6,113 | — | 6,113 | ||||||||||||||||||||
Mortgage loans held for sale | — | 45,384 | — | 45,384 | |||||||||||||||||||||
Investment securities available for sale: | |||||||||||||||||||||||||
U.S. Treasury securities | 17,791 | — | — | 17,791 | |||||||||||||||||||||
U.S. Government agency securities | — | 34,641 | — | 34,641 | |||||||||||||||||||||
Securities issued by U.S. Government sponsored enterprises | — | 113,745 | — | 113,745 | |||||||||||||||||||||
Mortgage-backed securities issued by U.S. Government agencies | — | 195,117 | — | 195,117 | |||||||||||||||||||||
Mortgage-backed securities issued by U.S. Government sponsored enterprises | — | 2,421,360 | — | 2,421,360 | |||||||||||||||||||||
Collateralized mortgage obligations issued by U.S. Government agencies or sponsored enterprises | — | 398,540 | — | 398,540 | |||||||||||||||||||||
State and municipal securities | — | 6,889 | — | 6,889 | |||||||||||||||||||||
Equity securities | 6,956 | — | 628 | 7,584 | |||||||||||||||||||||
Other investments(1) | 1,969 | — | 1,722 | 3,691 | |||||||||||||||||||||
Total investment securities available for sale | $ | 26,716 | 3,170,292 | 2,350 | 3,199,358 | ||||||||||||||||||||
Private equity investments | — | 1,615 | 27,745 | 29,360 | |||||||||||||||||||||
Mutual funds held in Rabbi Trusts | 11,246 | — | — | 11,246 | |||||||||||||||||||||
Derivative assets: | |||||||||||||||||||||||||
Interest rate contracts | — | 38,482 | — | 38,482 | |||||||||||||||||||||
Mortgage derivatives(2) | — | 1,522 | — | 1,522 | |||||||||||||||||||||
Total derivative assets | $ | — | 40,004 | — | 40,004 | ||||||||||||||||||||
Liabilities | |||||||||||||||||||||||||
Trading account liabilities | — | 1,763 | — | 1,763 | |||||||||||||||||||||
Salary stock units | 1,764 | — | — | 1,764 | |||||||||||||||||||||
Derivative liabilities: | |||||||||||||||||||||||||
Interest rate contracts | — | 39,436 | — | 39,436 | |||||||||||||||||||||
Visa derivative | — | — | 2,706 | 2,706 | |||||||||||||||||||||
Total derivative liabilities | $ | — | 39,436 | 2,706 | 42,142 | ||||||||||||||||||||
(1) Based on an analysis of the nature and risks of these investments, Synovus has determined that presenting these investments as a single asset class is appropriate. | |||||||||||||||||||||||||
(2) Mortgage derivatives consist of customer interest rate lock commitments that relate to the potential origination of mortgage loans, which would be classified as held for sale and forward loan sales commitments with third party investors. | |||||||||||||||||||||||||
Fair Value Option | |||||||||||||||||||||||||
Synovus has elected the fair value option for mortgage loans held for sale primarily to ease the operational burdens required to maintain hedge accounting for these loans. Synovus is still able to achieve effective economic hedges on mortgage loans held for sale without the operational time and expense needed to manage a hedge accounting program. | |||||||||||||||||||||||||
The following table summarizes the difference between the fair value and the unpaid principal balance of mortgage loans held for sale measured at fair value and the changes in fair value of these loans. Mortgage loans held for sale are initially measured at fair value with subsequent changes in fair value recognized in earnings. Changes in fair value were recorded as a component of mortgage banking income in the consolidated statements of income. An immaterial portion of these changes in fair value was attributable to changes in instrument-specific credit risk. | |||||||||||||||||||||||||
Changes in Fair Value Included in Net Income | |||||||||||||||||||||||||
For the Six Months Ended June 30, | For the Three Months Ended June 30, | ||||||||||||||||||||||||
(in thousands) | 2014 | 2013 | 2014 | 2013 | |||||||||||||||||||||
Mortgage loans held for sale | $ | 1,781 | (7,930 | ) | 1,057 | (5,171 | ) | ||||||||||||||||||
Mortgage Loans Held for Sale | |||||||||||||||||||||||||
(in thousands) | As of June 30, 2014 | As of December 31, 2013 | |||||||||||||||||||||||
Fair value | $ | 75,957 | 45,384 | ||||||||||||||||||||||
Unpaid principal balance | 73,735 | 44,943 | |||||||||||||||||||||||
Fair value less aggregate unpaid principal balance | $ | 2,222 | 441 | ||||||||||||||||||||||
Changes in Level 3 Fair Value Measurements | |||||||||||||||||||||||||
As noted above, Synovus uses significant unobservable inputs (Level 3) in determining the fair value of assets and liabilities classified as Level 3 in the fair value hierarchy. The table below includes a roll-forward of the amounts on the consolidated balance sheet for the six and three months ended June 30, 2014 and 2013 (including the change in fair value), for financial instruments of a material nature that are classified by Synovus within Level 3 of the fair value hierarchy and are measured at fair value on a recurring basis. Transfers between fair value levels are recognized at the end of the reporting period in which the associated changes in inputs occur. During the first and second quarters of 2014 and 2013, Synovus did not have any material transfers between levels in the fair value hierarchy. | |||||||||||||||||||||||||
Six Months Ended June 30, | |||||||||||||||||||||||||
2014 | 2013 | ||||||||||||||||||||||||
(in thousands) | Investment Securities Available for Sale | Private Equity Investments | Other Derivative | Investment Securities Available for Sale | Private Equity Investments | Other Derivative | |||||||||||||||||||
Contracts, Net | Contracts, Net | ||||||||||||||||||||||||
Beginning balance, January 1, | $ | 2,350 | 27,745 | (2,706 | ) | $3,178 | 30,708 | (2,956 | ) | ||||||||||||||||
Total gains (losses) realized/unrealized: | |||||||||||||||||||||||||
Included in earnings* | (88 | ) | (369 | ) | (752 | ) | — | (1,140 | ) | (801 | ) | ||||||||||||||
Unrealized gains (losses) included in other comprehensive income | 144 | — | — | 276 | — | — | |||||||||||||||||||
Purchases | — | — | — | — | — | ||||||||||||||||||||
Sales | — | — | — | — | — | — | |||||||||||||||||||
Issuances | — | — | — | — | — | — | |||||||||||||||||||
Settlements | (540 | ) | — | 1,020 | — | — | 780 | ||||||||||||||||||
Amortization of discount/premium | — | — | — | — | — | ||||||||||||||||||||
Transfers in and/or out of Level 3 | — | — | — | — | — | — | |||||||||||||||||||
Ending balance, June 30, | $ | 1,866 | 27,376 | (2,438 | ) | 3,454 | 29,568 | (2,977 | ) | ||||||||||||||||
Total net gains (losses) for the six months included in earnings attributable to the change in unrealized gains (losses) relating to assets and liabilities still held at June 30, | $ | (88 | ) | (369 | ) | (752 | ) | — | (1,140 | ) | (801 | ) | |||||||||||||
* Included in earnings as a component of non-interest income (expense). | |||||||||||||||||||||||||
Three Months Ended June 30, | |||||||||||||||||||||||||
2014 | 2013 | ||||||||||||||||||||||||
(in thousands) | Investment Securities Available for Sale | Private Equity Investments | Other Derivative | Investment Securities Available for Sale | Private Equity Investments | Other Derivative | |||||||||||||||||||
Contracts, Net | Contracts, Net | ||||||||||||||||||||||||
Beginning balance, April 1, | $ | 2,399 | 27,495 | (2,525 | ) | 3,312 | 30,451 | (2,610 | ) | ||||||||||||||||
Total gains (losses) realized/unrealized: | |||||||||||||||||||||||||
Included in earnings* | — | (119 | ) | (356 | ) | — | (883 | ) | (764 | ) | |||||||||||||||
Unrealized gains (losses) included in other comprehensive income | 7 | — | — | 142 | — | — | |||||||||||||||||||
Purchases | — | — | — | — | — | — | |||||||||||||||||||
Sales | — | — | — | — | — | — | |||||||||||||||||||
Issuances | — | — | — | — | — | — | |||||||||||||||||||
Settlements | (540 | ) | — | 443 | — | — | 397 | ||||||||||||||||||
Amortization of discount/premium | — | — | — | — | — | — | |||||||||||||||||||
Transfers in and/or out of Level 3 | — | — | — | — | — | — | |||||||||||||||||||
Ending balance, June 30, | $ | 1,866 | 27,376 | (2,438 | ) | 3,454 | 29,568 | (2,977 | ) | ||||||||||||||||
Total net gains (losses) for the three months included in earnings attributable to the change in unrealized gains (losses) relating to assets and liabilities still held at June 30, | $ | — | (119 | ) | (356 | ) | — | (883 | ) | (764 | ) | ||||||||||||||
* Included in earnings as a component of non-interest income (expense). | |||||||||||||||||||||||||
Assets Measured at Fair Value on a Non-recurring Basis | |||||||||||||||||||||||||
From time to time, certain assets may be recorded at fair value on a non-recurring basis. These non-recurring fair value adjustments typically are a result of the application of lower of cost or fair value accounting or a write-down occurring during the period. For example, if the fair value of an asset in these categories falls below its cost basis, it is considered to be at fair value at the end of the period of the adjustment. The following table presents assets measured at fair value on a non-recurring basis as of the dates indicated for which there was a fair value adjustment during the period, according to the valuation hierarchy included in ASC 820-10. | |||||||||||||||||||||||||
June 30, 2014 | December 31, 2013 | ||||||||||||||||||||||||
(in thousands) | Level 1 | Level 2 | Level 3 | Total | Level 1 | Level 2 | Level 3 | Total | |||||||||||||||||
Impaired loans* | $ | — | — | 11,190 | 11,190 | — | — | 170,693 | 170,693 | ||||||||||||||||
Other loans held for sale | — | — | 2,045 | 2,045 | — | — | 9,670 | 9,670 | |||||||||||||||||
Other real estate | — | — | 18,746 | 18,746 | — | — | 50,070 | 50,070 | |||||||||||||||||
Other assets held for sale | $ | — | — | 5,394 | 5,394 | — | — | 4,945 | 4,945 | ||||||||||||||||
The following table presents fair value adjustments recognized for the six and three months ended June 30, 2014 and 2013 for the assets measured at fair value on a non-recurring basis. | |||||||||||||||||||||||||
Six Months Ended June 30, | Three Months Ended June 30, | ||||||||||||||||||||||||
(in thousands) | 2014 | 2013 | 2014 | 2013 | |||||||||||||||||||||
Impaired loans* | $ | 8,144 | 30,152 | $ | 5,542 | 10,184 | |||||||||||||||||||
Other loans held for sale | 1,631 | 3,546 | 1,631 | 3,315 | |||||||||||||||||||||
Other real estate | 3,229 | 4,513 | 654 | 363 | |||||||||||||||||||||
Other assets held for sale | $ | 7,508 | 170 | $ | 7,508 | — | |||||||||||||||||||
* Impaired loans that are collateral-dependent. | |||||||||||||||||||||||||
Quantitative Information about Level 3 Fair Value Measurements | |||||||||||||||||||||||||
The tables below provide an overview of the valuation techniques and significant unobservable inputs used in those techniques to measure financial instruments that are classified within Level 3 of the valuation hierarchy. The range of sensitivities that management utilized in its fair value calculations is deemed acceptable in the industry with respect to the identified financial instruments. The tables below present both the total balance as of the dates indicated for assets measured at fair value on a recurring basis and the assets measured at fair value on a non-recurring basis for which there was a fair value adjustment during the period, according to the valuation hierarchy included in ASC 820-10. | |||||||||||||||||||||||||
June 30, 2014 | |||||||||||||||||||||||||
(dollars in thousands) | Level 3 Fair Value | Valuation Technique | Significant Unobservable Input | Range | |||||||||||||||||||||
(Weighted Average)(1) | |||||||||||||||||||||||||
Assets measured at fair | |||||||||||||||||||||||||
value on a recurring basis | |||||||||||||||||||||||||
Investment Securities Available for Sale: | |||||||||||||||||||||||||
Other Investments: | |||||||||||||||||||||||||
Trust preferred securities | 1,866 | Discounted cash flow analysis | Credit spread embedded in discount rate | 400-490 bps (445 bps) | |||||||||||||||||||||
Discount for lack of marketability(2) | 0%-10% (0%) | ||||||||||||||||||||||||
Private equity investments | 27,376 | Individual analysis of each investee company | Multiple factors, including but not limited to, current operations, financial condition, cash flows, evaluation of business management and financial plans, and recently executed financing transactions related to the investee companies (2) | N/A | |||||||||||||||||||||
Visa derivative liability | 2,438 | Internal valuation | Management's estimate of the timing and amount of the Covered Litigation settlement, and the resulting payments due to the counterparty under the terms of the contract. | $400 thousand to $2.4 million ($2.4 million) | |||||||||||||||||||||
June 30, 2014 | |||||||||||||||||||||||||
(dollars in thousands) | Level 3 Fair Value | Valuation Technique | Significant Unobservable Input | Range | |||||||||||||||||||||
(Weighted Average)(1) | |||||||||||||||||||||||||
Assets measured at fair | |||||||||||||||||||||||||
value on a non-recurring basis | |||||||||||||||||||||||||
Collateral dependent impaired loans | $ | 11,190 | Third party appraised value of collateral less estimated selling costs | Discount to appraised value (3) | 0% - 79% (42%) | ||||||||||||||||||||
Estimated selling costs | 0% - 10% (7%) | ||||||||||||||||||||||||
Other loans held for sale | 2,045 | Third party appraised value of collateral less estimated selling costs | Discount to appraised value (3) | 0% - 19% (19%) | |||||||||||||||||||||
Estimated selling costs | 0% - 10% (7%) | ||||||||||||||||||||||||
Other real estate | 18,746 | Third party appraised value of collateral less estimated selling costs | Discount to appraised value (3) | 0% - 4% (2%) | |||||||||||||||||||||
Estimated selling costs | 0% - 10% (7%) | ||||||||||||||||||||||||
Other assets held for sale | 5,394 | Third party appraised value of collateral less estimated selling costs or BOV | Discount to appraised value (3) | 9%-80% (55%) | |||||||||||||||||||||
Estimated selling costs | 0%-10% (10%) | ||||||||||||||||||||||||
(1) The range represents management's best estimate of the high and low of the value that would be assigned to a particular input. For assets measured at fair value on a non-recurring basis, the weighted average is the measure of central tendencies; it is not the value that management is using for the asset or liability. | |||||||||||||||||||||||||
(2) Represents management's estimate of discount that market participants would require based on the instrument's lack of liquidity. | |||||||||||||||||||||||||
(3) Synovus also makes adjustments to the values of the assets listed above for various reasons, including age of the appraisal, information known by management about the property, such as occupancy rates, changes to the physical conditions of the property, and other factors. | |||||||||||||||||||||||||
December 31, 2013 | |||||||||||||||||||||||||
(dollars in thousands) | Level 3 Fair Value | Valuation Technique | Significant Unobservable Input | Range (Weighted Average)(1) | |||||||||||||||||||||
Assets measured at fair | |||||||||||||||||||||||||
value on a recurring basis | |||||||||||||||||||||||||
Investment Securities Available for Sale: | |||||||||||||||||||||||||
Equity securities | $ | 628 | Individual analysis of each investment | Multiple data points, including, but not limited to evaluation of past and projected business performance | N/A(4) | ||||||||||||||||||||
Other Investments: | |||||||||||||||||||||||||
Trust preferred securities | 1,722 | Discounted cash flow analysis | Credit spread embedded in discount rate | 400-480 bps (441 bps) | |||||||||||||||||||||
Discount for lack of marketability(2) | 0%-10% (0%) | ||||||||||||||||||||||||
Private equity investments | 27,745 | Individual analysis of each investee company | Multiple factors, including but not limited to, current operations, financial condition, cash flows, evaluation of business management and financial plans, and recently executed company transactions related to the investee companies (2) | N/A | |||||||||||||||||||||
Visa derivative liability | 2,706 | Internal valuation | Management's estimate of the timing and amount of the Covered Litigation settlement, and the resulting payments due to the counterparty under the terms of the contract. | $400 thousand to $2.7 million ($2.7 million) | |||||||||||||||||||||
December 31, 2013 | |||||||||||||||||||||||||
(dollars in thousands) | Level 3 Fair Value | Valuation Technique | Significant Unobservable Input | Range | |||||||||||||||||||||
(Weighted Average)(1) | |||||||||||||||||||||||||
Assets measured at fair | |||||||||||||||||||||||||
value on a non-recurring basis | |||||||||||||||||||||||||
Collateral dependent impaired loans | $ | 170,693 | Third party appraised value of collateral less estimated selling costs | Discount to appraised value (3) | 0%-65% (25%) | ||||||||||||||||||||
Estimated selling costs | 0%-10% (7%) | ||||||||||||||||||||||||
Other loans held for sale | 9,670 | Third party appraised value of collateral less estimated selling costs | Discount to appraised value (3) | 0%-12% (4%) | |||||||||||||||||||||
Estimated selling costs | 0%-10% (7%) | ||||||||||||||||||||||||
Other real estate | 50,070 | Third party appraised value of collateral less estimated selling costs | Discount to appraised value (3) | 0%-7% (2%) | |||||||||||||||||||||
Estimated selling costs | 0%-10% (7%) | ||||||||||||||||||||||||
Other assets held for sale | 4,945 | Third party appraised value of collateral less estimated selling costs or BOV | Discount to appraised value (3) | 5%-36% (20%) | |||||||||||||||||||||
Estimated selling costs | 0%-10% (7%) | ||||||||||||||||||||||||
(1) The range represents management's best estimate of the high and low of the value that would be assigned to a particular input. For assets measured at fair value on a non-recurring basis, the weighted average is the measure of central tendencies; it is not the value that management is using for the asset or liability. | |||||||||||||||||||||||||
(2) Represents management's estimate of discount that market participants would require based on the instrument's lack of liquidity. | |||||||||||||||||||||||||
(3) Synovus also makes adjustments to the values of the assets listed above for various reasons, including age of the appraisal, information known by management about the property, such as occupancy rates, changes to the physical conditions of the property, and other factors. | |||||||||||||||||||||||||
(4) The range has not been disclosed due to the wide range of possible values given the methodology used. | |||||||||||||||||||||||||
Sensitivity Analysis of Level 3 Unobservable Inputs Measured on a Recurring Basis | |||||||||||||||||||||||||
Included in the fair value estimates of financial instruments carried at fair value on the consolidated balance sheet are those estimated in full or in part using valuation techniques based on assumptions that are not supported by observable market prices, rates, or other inputs. Unobservable inputs are assessed carefully, considering the current economic environment and market conditions. However, by their very nature, unobservable inputs imply a degree of uncertainty in their determination, because they are supported by little, if any, market activity for the related asset or liability. | |||||||||||||||||||||||||
Investment Securities Available for Sale | |||||||||||||||||||||||||
For the trust preferred securities in Level 3 assets, raising the credit spread, and raising the discount for lack of liquidity assumptions will result in a lower fair value measurement. | |||||||||||||||||||||||||
Private Equity Investments | |||||||||||||||||||||||||
In the absence of quoted market prices, inherent lack of liquidity, and the long-term nature of private equity investments, significant judgment is required to value these investments. The significant unobservable inputs used in the fair value measurement of private equity investments include current operations, financial condition, and cash flows, comparables and private sales, when available; and recently executed financing transactions related to investee companies. Significant increases or decreases in any of these inputs in isolation would result in a significantly lower or higher fair value measurement. | |||||||||||||||||||||||||
Visa Derivative Liability | |||||||||||||||||||||||||
The fair value of the Visa derivative contract is determined based on management's estimate of the timing and amount of the Covered Litigation settlement, and the resulting payments due to the counterparty under the terms of the contract. Significant increases (decreases) in any of these inputs in isolation would result in a significantly higher (lower) valuation of the Visa derivative liability. | |||||||||||||||||||||||||
Fair Value of Financial Instruments | |||||||||||||||||||||||||
The following table presents the carrying and fair values of financial instruments at June 30, 2014 and December 31, 2013. The fair value represents management’s best estimates based on a range of methodologies and assumptions. For financial instruments that are not recorded at fair value on the balance sheet, such as loans, interest bearing deposits (including brokered deposits), and long-term debt, the amounts disclosed in the notes should not be considered an estimate of the amount that would be realized if all such financial instruments were to be settled immediately. See Note 16 "Fair Value Accounting" to the consolidated financial statements of Synovus' 2013 Form 10-K for a description of valuation methodologies for assets and liabilities measured at fair value on a recurring and non-recurring basis and financial instruments that are not recorded at fair value on the balance sheet. | |||||||||||||||||||||||||
The carrying and estimated fair values of financial instruments, as well as the level within the fair value hierarchy, as of June 30, 2014 and December 31, 2013 are as follows: | |||||||||||||||||||||||||
June 30, 2014 | |||||||||||||||||||||||||
(in thousands) | Carrying Value | Estimated Fair Value | Level 1 | Level 2 | Level 3 | ||||||||||||||||||||
Financial assets | |||||||||||||||||||||||||
Cash and cash equivalents | $ | 596,425 | 596,425 | 596,425 | — | — | |||||||||||||||||||
Interest bearing funds with Federal Reserve Bank | 689,284 | 689,284 | 689,284 | — | — | ||||||||||||||||||||
Interest earning deposits with banks | 7,661 | 7,661 | 7,661 | — | — | ||||||||||||||||||||
Federal funds sold and securities purchased under resale agreements | 79,553 | 79,553 | 79,553 | — | — | ||||||||||||||||||||
Trading account assets | 20,318 | 20,318 | — | 20,318 | — | ||||||||||||||||||||
Mortgage loans held for sale | 75,957 | 75,957 | — | 75,957 | — | ||||||||||||||||||||
Other loans held for sale | 2,764 | 2,764 | — | — | 2,764 | ||||||||||||||||||||
Investment securities available for sale | 3,080,185 | 3,080,185 | 26,643 | 3,051,676 | 1,866 | ||||||||||||||||||||
Private equity investments | 28,634 | 28,634 | — | 1,258 | 27,376 | ||||||||||||||||||||
Mutual funds held in Rabbi Trusts | 11,349 | 11,349 | 11,349 | — | — | ||||||||||||||||||||
Loans, net of deferred fees and costs | 20,455,763 | 20,188,381 | — | — | 20,188,381 | ||||||||||||||||||||
Derivative assets | 36,365 | 36,365 | — | 36,365 | — | ||||||||||||||||||||
Financial liabilities | |||||||||||||||||||||||||
Trading account liabilities | 7,309 | 7,309 | — | 7,309 | — | ||||||||||||||||||||
Non-interest bearing deposits | 5,875,301 | 5,875,301 | — | 5,875,301 | — | ||||||||||||||||||||
Interest bearing deposits | 15,118,166 | 15,123,417 | — | 15,123,417 | — | ||||||||||||||||||||
Federal funds purchased and securities sold under repurchase agreements | 127,840 | 127,840 | 127,840 | — | — | ||||||||||||||||||||
Salary stock units | 465 | 465 | 465 | — | — | ||||||||||||||||||||
Long-term debt | 2,256,418 | 2,329,660 | — | 2,329,660 | — | ||||||||||||||||||||
Derivative liabilities | $ | 38,606 | 38,606 | — | 36,168 | 2,438 | |||||||||||||||||||
December 31, 2013 | |||||||||||||||||||||||||
(in thousands) | Carrying Value | Estimated Fair Value | Level 1 | Level 2 | Level 3 | ||||||||||||||||||||
Financial assets | |||||||||||||||||||||||||
Cash and cash equivalents | $ | 469,630 | 469,630 | 469,630 | — | — | |||||||||||||||||||
Interest bearing funds with Federal Reserve Bank | 644,528 | 644,528 | 644,528 | — | — | ||||||||||||||||||||
Interest earning deposits with banks | 24,325 | 24,325 | 24,325 | — | — | ||||||||||||||||||||
Federal funds sold and securities purchased under resale agreements | 80,975 | 80,975 | 80,975 | — | — | ||||||||||||||||||||
Trading account assets | 6,113 | 6,113 | — | 6,113 | — | ||||||||||||||||||||
Mortgage loans held for sale | 45,384 | 45,384 | — | 45,384 | — | ||||||||||||||||||||
Other loans held for sale | 10,685 | 10,685 | — | — | 10,685 | ||||||||||||||||||||
Investment securities available for sale | 3,199,358 | 3,199,358 | 26,716 | 3,170,292 | 2,350 | ||||||||||||||||||||
Private equity investments | 29,360 | 29,360 | — | 1,615 | 27,745 | ||||||||||||||||||||
Mutual funds held in Rabbi Trusts | 11,246 | 11,246 | 11,246 | — | — | ||||||||||||||||||||
Loans, net of deferred fees and costs | 20,057,798 | 19,763,708 | — | — | 19,763,708 | ||||||||||||||||||||
Derivative assets | 40,004 | 40,004 | — | 40,004 | — | ||||||||||||||||||||
Financial liabilities | |||||||||||||||||||||||||
Trading account liabilities | 1,763 | 1,763 | — | 1,763 | — | ||||||||||||||||||||
Non-interest bearing deposits | 5,642,751 | 5,642,751 | — | 5,642,751 | — | ||||||||||||||||||||
Interest bearing deposits | 15,234,039 | 15,244,020 | — | 15,244,020 | — | ||||||||||||||||||||
Federal funds purchased and securities sold under repurchase agreements | 148,132 | 148,132 | 148,132 | — | — | ||||||||||||||||||||
Salary stock units | 1,764 | 1,764 | 1,764 | — | — | ||||||||||||||||||||
Long-term debt | 2,033,141 | 2,095,720 | — | 2,095,720 | — | ||||||||||||||||||||
Derivative liabilities | $ | 42,142 | 42,142 | — | 39,436 | 2,706 | |||||||||||||||||||
Derivative_Instruments
Derivative Instruments | 6 Months Ended | |||||||||||||||||
Jun. 30, 2014 | ||||||||||||||||||
Summary of Derivative Instruments [Abstract] | ' | |||||||||||||||||
Derivative Instruments | ' | |||||||||||||||||
Note 11 - Derivative Instruments | ||||||||||||||||||
As part of its overall interest rate risk management activities, Synovus utilizes derivative instruments to manage its exposure to various types of interest rate risk. These derivative instruments generally consist of interest rate swaps, interest rate lock commitments made to prospective mortgage loan customers, and commitments to sell fixed-rate mortgage loans. Interest rate lock commitments represent derivative instruments since it is intended that such loans will be sold. | ||||||||||||||||||
From time to time, Synovus utilizes interest rate swaps to manage interest rate risks primarily arising from its core banking activities. These interest rate swap transactions generally involve the exchange of fixed and floating interest rate payment obligations without the exchange of underlying principal amounts. Swaps may be designated as either cash flow hedges or fair value hedges, as discussed below. As of June 30, 2014 and December 31, 2013, Synovus had no outstanding interest rate swap contracts utilized to manage interest rate risk. | ||||||||||||||||||
Synovus is party to master netting arrangements with its dealer counterparties; however, Synovus does not offset assets and liabilities under these arrangements for financial statement presentation purposes. | ||||||||||||||||||
Counterparty Credit Risk and Collateral | ||||||||||||||||||
Entering into derivative contracts potentially exposes Synovus to the risk of counterparties’ failure to fulfill their legal obligations, including, but not limited to, potential amounts due or payable under each derivative contract. Notional principal amounts are often used to express the volume of these transactions, but the amounts potentially subject to credit risk are much smaller. Synovus assesses the credit risk of its dealer counterparties by regularly monitoring publicly available credit rating information and other market indicators. Dealer collateral requirements are determined via risk-based policies and procedures and in accordance with existing agreements. Synovus seeks to minimize dealer credit risk by dealing with highly rated counterparties and by obtaining collateral for exposures above certain predetermined limits. Management closely monitors credit conditions within the customer swap portfolio, which management deems to be of higher risk than dealer counterparties. Collateral is secured at origination and credit related fair value adjustments are recorded against the asset value of the derivative as deemed necessary based upon an analysis, which includes consideration of the current asset value of the swap, customer credit rating, collateral value, and customer standing with regards to its swap contractual obligations and other related matters. Such asset values fluctuate based upon changes in interest rates regardless of changes in notional amounts and changes in customer specific risk. | ||||||||||||||||||
Cash Flow Hedges | ||||||||||||||||||
Synovus designates hedges of floating rate loans as cash flow hedges. These swaps hedge against the variability of cash flows from specified pools of floating rate prime based loans. Synovus calculates effectiveness of the hedging relationship quarterly using regression analysis. The effective portion of the gain or loss on the derivative instrument is reported as a component of other comprehensive income and reclassified into earnings in the same period or periods during which the hedged transactions affect earnings. Ineffectiveness from cash flow hedges is recognized in the consolidated statements of income as a component of other non-interest income. As of June 30, 2014, there were no cash flow hedges outstanding, and therefore, no cumulative ineffectiveness. | ||||||||||||||||||
Synovus expects to reclassify from accumulated other comprehensive income (loss) $447 thousand of interest expense during the next twelve months as amortization of deferred losses are recorded. | ||||||||||||||||||
Synovus did not terminate any cash flow hedges during 2014 or 2013. The remaining unamortized deferred net loss balance of all previously terminated cash flow hedges at June 30, 2014 and December 31, 2013 was $(1.3) million and $(1.6) million, respectively. | ||||||||||||||||||
Fair Value Hedges | ||||||||||||||||||
Synovus designates hedges of fixed rate liabilities as fair value hedges. These swaps hedge against the change in fair value of various fixed rate liabilities due to changes in the benchmark interest rate, LIBOR. Synovus calculates effectiveness of the fair value hedges quarterly using regression analysis. Ineffectiveness from fair value hedges is recognized in the consolidated statements of income as a component of other non-interest income. As of June 30, 2014, there were no fair value hedges outstanding, and therefore, no cumulative ineffectiveness. | ||||||||||||||||||
Synovus did not terminate any fair value hedges during 2014 or 2013. The remaining unamortized deferred net gain balance on all previously terminated fair value hedges at June 30, 2014 and December 31, 2013 was $9.2 million and $10.7 million, respectively. Synovus expects to reclassify from hedge-related basis adjustment, a component of long-term debt, $3.1 million of the deferred gain balance on previously terminated fair value hedges as a reduction to interest expense during the next twelve months as amortization of deferred gains is recorded. | ||||||||||||||||||
Customer Related Derivative Positions | ||||||||||||||||||
Synovus enters into interest rate swap agreements to facilitate the risk management strategies of a small number of commercial banking customers. Synovus mitigates this risk by entering into equal and offsetting interest rate swap agreements with highly rated third party financial institutions. The interest rate swap agreements are free-standing derivatives and are recorded at fair value on Synovus' consolidated balance sheet. Fair value changes are recorded in non-interest income in Synovus' consolidated statements of income. As of June 30, 2014, the notional amount of customer related interest rate derivative financial instruments, including both the customer position and the offsetting position, was $1.13 billion, a decrease of $49.2 million compared to December 31, 2013. | ||||||||||||||||||
Visa Derivative | ||||||||||||||||||
In conjunction with the sale of Class B shares of common stock issued by Visa to Synovus as a Visa USA member, Synovus entered into a derivative contract with the purchaser, which provides for settlements between the parties based upon a change in the ratio for conversion of Visa Class B shares to Visa Class A shares. The conversion ratio changes when Visa deposits funds to a litigation escrow established by Visa to pay settlements for certain litigation, for which Visa is indemnified by Visa USA members. The litigation escrow is funded by proceeds from Visa’s conversion of Class B shares. The fair value of the derivative contract was $2.4 million and $2.7 million at June 30, 2014 and December 31, 2013, respectively. The fair value of the derivative contract is determined based on management's estimate of the timing and amount of the Covered Litigation settlement, and the resulting payments due to the counterparty under the terms of the contract. | ||||||||||||||||||
Mortgage Derivatives | ||||||||||||||||||
Synovus originates first lien residential mortgage loans for sale into the secondary market and generally does not hold the originated loans for investment purposes. Mortgage loans are sold by Synovus for conversion to securities and the servicing of these loans is generally sold to a third-party servicing aggregator, or Synovus sells the mortgage loans as whole loans to investors either individually or in bulk on a servicing released basis. | ||||||||||||||||||
Synovus enters into interest rate lock commitments for residential mortgage loans which commit us to lend funds to a potential borrower at a specific interest rate and within a specified period of time. Interest rate lock commitments that relate to the origination of mortgage loans that, if originated, will be held for sale, are considered derivative financial instruments under applicable accounting guidance. Outstanding interest rate lock commitments expose Synovus to the risk that the price of the mortgage loans underlying the commitments may decline due to increases in mortgage interest rates from inception of the rate lock to the funding of the loan. | ||||||||||||||||||
At June 30, 2014 and December 31, 2013, Synovus had commitments to fund at a locked interest rate, primarily fixed-rate mortgage loans to customers, in the amount of $100.7 million and $65.0 million, respectively. The fair value of these commitments resulted in a gain of $1.3 million and a loss of $(2.5) million for the six months ended June 30, 2014 and 2013, respectively, which was recorded as a component of mortgage banking income in the consolidated statements of income. | ||||||||||||||||||
At June 30, 2014 and December 31, 2013, outstanding commitments to sell primarily fixed-rate mortgage loans amounted to $125.0 million and $92.0 million, respectively. Such commitments are entered into to reduce the exposure to market risk arising from potential changes in interest rates, which could affect the fair value of mortgage loans held for sale and outstanding rate lock commitments, which guarantee a certain interest rate if the loan is ultimately funded or granted by Synovus as a mortgage loan held for sale. The commitments to sell mortgage loans are at fixed prices and are scheduled to settle at specified dates that generally do not exceed 90 days. The fair value of outstanding commitments to sell mortgage loans resulted in a loss of $(2.0) million and a gain of $7.4 million for the six months ended June 30, 2014 and 2013, respectively, which was recorded as a component of mortgage banking income in the consolidated statements of income. | ||||||||||||||||||
Collateral Contingencies | ||||||||||||||||||
Certain derivative instruments contain provisions that require Synovus to maintain an investment grade credit rating from each of the major credit rating agencies. When Synovus’ credit rating falls below investment grade, these provisions allow the counterparties of the derivative instrument to demand immediate and ongoing full collateralization on derivative instruments in net liability positions and, for certain counterparties, request immediate termination. As Synovus’ current rating is below investment grade, Synovus is required to post collateral, as required by each agreement, against these positions. Additionally, as of June 10, 2013, the CCC became mandatory for certain trades as required under the Dodd-Frank Act. These derivative transactions also carry collateral requirements, both at the inception of the trade, and as the value of each derivative position changes. As trades are migrated to the CCC, dealer counterparty exposure will be reduced, and higher notional amounts of Synovus' derivative instruments will be housed at the CCC, a highly regulated and well-capitalized entity. As of June 30, 2014, collateral totaling $73.1 million consisting of Federal funds sold was pledged to the derivative counterparties, including $4.0 million with the CCC, to comply with collateral requirements. | ||||||||||||||||||
The impact of derivative instruments on the consolidated balance sheets at June 30, 2014 and December 31, 2013 is presented below. | ||||||||||||||||||
Fair Value of Derivative Assets | Fair Value of Derivative Liabilities | |||||||||||||||||
(in thousands) | Location on Consolidated Balance Sheet | June 30, 2014 | December 31, 2013 | Location on Consolidated Balance Sheet | June 30, 2014 | December 31, 2013 | ||||||||||||
Derivatives not designated | ||||||||||||||||||
as hedging instruments: | ||||||||||||||||||
Interest rate contracts | Other assets | $ | 34,476 | 38,482 | Other liabilities | $ | 35,046 | 39,436 | ||||||||||
Mortgage derivatives | Other assets | 1,889 | 1,522 | Other liabilities | 1,122 | — | ||||||||||||
Visa derivative | — | — | Other liabilities | 2,438 | 2,706 | |||||||||||||
Total derivatives not | $ | 36,365 | 40,004 | $ | 38,606 | 42,142 | ||||||||||||
designated as hedging | ||||||||||||||||||
instruments | ||||||||||||||||||
The pre-tax effect of fair value hedges on the consolidated statements of income for the six and three months ended June 30, 2014 and 2013 is presented below. | ||||||||||||||||||
Location of Gain (Loss) Recognized in Income | Gain (Loss) Recognized in Income | |||||||||||||||||
(in thousands) | Six Months Ended June 30, | |||||||||||||||||
Derivatives not designated as hedging instruments | 2014 | 2013 | ||||||||||||||||
Interest rate contracts(1) | Other non-interest income | 384 | (158 | ) | ||||||||||||||
Mortgage derivatives(2) | Mortgage banking income | (755 | ) | 4,942 | ||||||||||||||
Total | $ | (371 | ) | 4,784 | ||||||||||||||
Location of Gain (Loss) Recognized in Income | Gain (Loss) Recognized in Income | |||||||||||||||||
(in thousands) | Three Months Ended June 30, | |||||||||||||||||
Derivatives not designated as hedging instruments | 2014 | 2013 | ||||||||||||||||
Interest rate contracts(1) | Other non-interest income | 281 | (279 | ) | ||||||||||||||
Mortgage derivatives(2) | Mortgage banking income | (435 | ) | 5,030 | ||||||||||||||
Total | $ | (154 | ) | 4,751 | ||||||||||||||
(1) Gain (loss) represents net fair value adjustments (including credit related adjustments) for customer swaps and offsetting positions. | ||||||||||||||||||
(2) Gain (loss) represents net fair value adjustments recorded for interest rate lock commitments and commitments to sell mortgage loans to third party investors. | ||||||||||||||||||
During the six months ended June 30, 2014 and 2013, Synovus also reclassified $1.5 million and $1.7 million, respectively, from hedge-related basis adjustment, a component of long-term debt, as a reduction to interest expense. These deferred gains relate to hedging relationships that have been previously terminated and are reclassified into earnings over the remaining life of the hedged items. |
Net_Income_Per_Common_Share
Net Income Per Common Share | 6 Months Ended | ||||||||||||
Jun. 30, 2014 | |||||||||||||
Earnings Per Share [Abstract] | ' | ||||||||||||
Net Income Per Common Share | ' | ||||||||||||
Note 12- Net Income Per Common Share | |||||||||||||
The following table displays a reconciliation of the information used in calculating basic and diluted earnings per common share for the six and three months ended June 30, 2014 and 2013. | |||||||||||||
Six Months Ended June 30, | Three Months Ended June 30, | ||||||||||||
(in thousands, except per share data) | 2014 | 2013 | 2014 | 2013 | |||||||||
Basic Net Income Per Common Share: | |||||||||||||
Net income available to common shareholders | $ | 90,170 | 45,515 | 44,313 | 30,717 | ||||||||
Weighted average common shares outstanding | 138,961 | 117,035 | 138,991 | 121,585 | |||||||||
Basic net income per common share | $ | 0.65 | 0.39 | 0.32 | 0.25 | ||||||||
Diluted Net Income Per Common Share: | |||||||||||||
Net income available to common shareholders | $ | 90,170 | 45,515 | 44,313 | 30,717 | ||||||||
Weighted average common shares outstanding | 138,961 | 117,035 | 138,991 | 121,585 | |||||||||
Potentially dilutive shares from assumed exercise of | 574 | 13,092 | 576 | 8,549 | |||||||||
securities or other contracts to purchase Common Stock | |||||||||||||
Weighted average diluted common shares | 139,535 | 130,127 | 139,567 | 130,134 | |||||||||
Diluted net income per common share | $ | 0.65 | 0.35 | 0.32 | 0.24 | ||||||||
A reverse stock split became effective on May 16, 2014, and Synovus' shares of common stock began trading on a post-split basis on the NYSE at the opening of trading on May 19, 2014. Share and per share amounts included in this Report for prior periods have been adjusted to reflect the one-for-seven reverse stock split. | |||||||||||||
Basic net income per common share is computed by dividing net income by the average common shares outstanding for the period. Diluted net income per common share reflects the dilution that could occur if securities or other contracts to issue Common Stock were exercised or converted. The dilutive effect of outstanding options and restricted share units is reflected in diluted net income per common share, unless the impact is anti-dilutive, by application of the treasury stock method. | |||||||||||||
During 2010, 13,800,000 units of tMEDS were issued through a public offering. On May 15, 2013, each remaining tMED automatically settled, and Synovus issued 17.5 million shares of Common Stock. As a result, these shares are no longer potentially dilutive shares from assumed exercise of these contracts to purchase Common Stock. | |||||||||||||
As of June 30, 2014 and 2013, there were 3.5 million and 4.1 million, respectively, potentially dilutive shares related to Common Stock options and Warrants to purchase shares of Common Stock that were outstanding during 2014 and 2013, but were not included in the computation of diluted net income per common share because the effect would have been anti-dilutive. |
Sharebased_Compensation
Share-based Compensation | 6 Months Ended |
Jun. 30, 2014 | |
Share-based Compensation [Abstract] | ' |
Share-based Compensation | ' |
Note 13 - Share-based Compensation | |
General Description of Share-based Plans | |
Synovus has a long-term incentive plan under which the Compensation Committee of the Board of Directors has the authority to grant share-based awards to Synovus employees. At June 30, 2014, Synovus had a total of 7,231,901 shares of its authorized but unissued Common Stock reserved for future grants under the 2013 Omnibus Plan. The 2013 Omnibus Plan authorizes 8,571,429 common share equivalents available for grant, where grants of options count as one share equivalent and grants of full value awards (e.g., restricted share units, market restricted share units) count as 2 share equivalents. Any restricted share units that are forfeited and options that expire unexercised will again become available for issuance under the Plan. The Plan permits grants of share-based compensation including stock options, non-vested shares, and restricted share units. The grants generally include vesting periods ranging from two to five years and contractual terms of 10 years. Stock options are granted at exercise prices which equal the fair value of a share of common stock on the grant-date. Synovus has historically issued new shares to satisfy share option exercises and share unit conversions. Dividend equivalents are paid on outstanding restricted share units in the form of additional restricted share units that vest over the same vesting period or the vesting period left on the original restricted share unit grant. | |
Share-based Compensation Expense | |
Share-based compensation costs associated with employee grants are recorded as a component of salaries and other personnel expense in the consolidated statements of income. Share-based compensation costs associated with grants made to non-employee directors of Synovus are recorded as a component of other operating expenses. Share-based compensation expense for service-based awards is recognized net of estimated forfeitures for plan participants on a straight-line basis over the vesting period. Total share-based compensation expense was $4.7 million and $2.5 million for the six and three months ended June 30, 2014, respectively, and $3.4 million and $1.6 million for the six and three months ended June 30, 2013, respectively. | |
Stock Options | |
No stock option grants were made during the six months ended June 30, 2014. At June 30, 2014, there were 3,010,614 options to purchase shares of Common Stock outstanding with a weighted average exercise price of $48.60. | |
Restricted Share Units, Performance Share Units and Market Restricted Share Units | |
During the six months ended June 30, 2014, Synovus awarded 402,577 restricted share units that have a service-based vesting period of three years and awarded 57,645 performance share units that vest upon service conditions and performance conditions. Synovus also granted 86,465 market restricted share units during the six months ended June 30, 2014. The weighted average grant-date fair value of the awarded restricted share units, performance share units and market restricted share units was $23.75 per share. At June 30, 2014, including dividend equivalents granted, there were 1,077,224 restricted share units, performance share units and market restricted share units outstanding with a weighted average grant-date fair value of $20.55. | |
During the six months ended June 30, 2014, Synovus also granted 18,938 salary stock units to senior management, which vested and were expensed immediately upon grant. Compensation expense is initially determined based on the number of salary stock units granted and the market price of Common Stock at the grant date. Subsequent to the grant date, compensation expense is recorded for changes in Common Stock market price. The total fair value of salary stock units granted during the six months ended June 30, 2014 was $465 thousand. The salary stock units granted during 2014 are classified as liabilities and will be settled in cash on January 15, 2015. |
Income_Taxes
Income Taxes | 6 Months Ended |
Jun. 30, 2014 | |
Income Tax Disclosure [Abstract] | ' |
Income Taxes | ' |
Note 14 - Income Taxes | |
The valuation allowance for deferred tax assets was $15.0 million and $14.6 million at June 30, 2014 and December 31, 2013, respectively. The $414 thousand increase in the valuation allowance from December 31, 2013 to June 30, 2014 is related to the addition of certain state income tax credits earned that are available to reduce future tax liability through the tax year 2019 but are expected to expire before they can be utilized. Management assesses the need for a valuation allowance for deferred tax assets at each reporting period. The determination of whether a valuation allowance for deferred tax assets is appropriate is subject to considerable judgment and requires an evaluation of all the positive and negative evidence. Based on the assessment of all of the positive and negative evidence at June 30, 2014, management has concluded that it is more likely than not that $677.5 million of the net deferred tax asset will be realized based upon future taxable income. | |
Synovus expects to realize substantially all of the $677.5 million in net deferred tax assets well in advance of the statutory carryforward period. At June 30, 2014, $195.8 million of existing deferred tax assets are not related to net operating losses or credits and, therefore, have no expiration dates. Approximately $390.1 million of the remaining deferred tax assets relate to federal net operating losses which expire in years beginning in 2028 through 2032. Additionally, $56.0 million of the deferred tax assets relate to state NOLs which will expire in installments annually through the tax year 2034. Tax credit carryforwards at June 30, 2014 include federal alternative minimum tax credits totaling $24.6 million, which have an unlimited carryforward period. Other federal and state tax credits at June 30, 2014 total $26.0 million and have expiration dates through the tax year 2034. | |
The valuation allowance could fluctuate in future periods based on management's assessment of the positive and negative evidence. Management's conclusion at June 30, 2014 that it is more likely than not that the net deferred tax assets of $677.5 million will be realized is based upon management's estimate of future taxable income. Management's estimate of future taxable income is based on internal projections which consider historical performance, various internal estimates and assumptions, as well as certain external data, all of which management believes to be reasonable although inherently subject to significant judgment. If actual results differ significantly from the current estimates of future taxable income, the valuation allowance may need to be increased. Such an increase to the deferred tax asset valuation allowance could have a material adverse effect on Synovus' financial condition or results of operations. | |
Synovus is subject to income taxation in the United States and various state jurisdictions. Synovus' federal income tax return is filed on a consolidated basis, while state income tax returns are filed on both a consolidated and separate entity basis. Currently, no years for which Synovus filed a Federal income tax return are under examination by the IRS. A state tax examination by the Tennessee Department of Revenue is currently in progress. Synovus is no longer subject to income tax examinations by the IRS for years before 2009, and excluding certain limited exceptions, Synovus is no longer subject to income tax examinations by state and local income tax authorities for years before 2008. Although Synovus is unable to determine the ultimate outcome of current and future examinations, Synovus believes that the liability recorded for uncertain tax positions is adequate. |
Legal_Proceedings
Legal Proceedings | 6 Months Ended |
Jun. 30, 2014 | |
Legal Proceedings Disclosure [Abstract] | ' |
Legal Proceedings | ' |
Note 15 - Legal Proceedings | |
Synovus carefully examines and considers each legal matter, and, in those situations where Synovus determines that a particular legal matter presents loss contingencies that are both probable and reasonably estimable, Synovus establishes an appropriate accrual. An event is considered to be probable if the future event is likely to occur. While the final outcome of any legal proceeding is inherently uncertain, based on the information currently available, advice of counsel and available insurance coverage, management believes that the amounts accrued with respect to legal matters as of June 30, 2014 are adequate. The actual costs of resolving legal claims may be higher or lower than the amounts accrued. | |
In addition, where Synovus determines that there is a reasonable possibility of a loss in respect of legal matters, including those legal matters described below, Synovus considers whether it is able to estimate the total reasonably possible loss or range of loss. An event is reasonably possible if the chance of the future event or events occurring is more than remote but less than likely. An event is remote if the chance of the future event occurring is slight. In many situations, Synovus may be unable to estimate reasonably possible losses due to the preliminary nature of the legal matters, as well as a variety of other factors and uncertainties. For those legal matters where Synovus is able to estimate a range of reasonably possible losses, management currently estimates the aggregate range from our outstanding litigation, including, without limitation, the matters described below, is from zero to $25 million in excess of the amounts accrued, if any, related to those matters. This estimated aggregate range is based upon information currently available to Synovus, and the actual losses could prove to be higher. As there are further developments in these legal matters, Synovus will reassess these matters, and the estimated range of reasonably possible losses may change as a result of this assessment. Based on Synovus' current knowledge and advice of counsel, management presently does not believe that the liabilities arising from these legal matters will have a material adverse effect on Synovus' consolidated financial condition, results of operations or cash flows. However, it is possible that the ultimate resolution of these legal matters could have a material adverse effect on Synovus' results of operations for any particular period. | |
Synovus intends to vigorously pursue all available defenses to these legal matters, but will also consider other alternatives, including settlement, in situations where there is an opportunity to resolve such legal matters on terms that Synovus considers to be favorable, including in light of the continued expense and distraction of defending such legal matters. Synovus also maintains insurance coverage, which may (or may not) be available to cover legal fees, or potential losses that might be incurred in connection with the legal matters described below. The above-noted estimated range of reasonably possible losses does not take into consideration insurance coverage which may or may not be available for the respective legal matters. | |
Securities Class Action | |
On July 7, 2009, the City of Pompano Beach General Employees' Retirement System filed suit against Synovus, and certain of Synovus' current and former officers, in the United States District Court, Northern District of Georgia (Civil Action File No. 1:09-CV-1811) (the “Securities Class Action”); and on June 11, 2010, Lead Plaintiffs, the Labourers' Pension Fund of Central and Eastern Canada and the Sheet Metal Workers' National Pension Fund, filed an amended complaint alleging that Synovus and the named individual defendants misrepresented or failed to disclose material facts that artificially inflated Synovus' stock price in violation of the federal securities laws. Lead Plaintiffs' allegations are based on purported exposure to Synovus' lending relationship with the Sea Island Company and the impact of such alleged exposure on Synovus' financial condition. Lead Plaintiffs in the Securities Class Action seek damages in an unspecified amount. On May 19, 2011, the Court ruled that the amended complaint failed to satisfy the mandatory pleading requirements of the Private Securities Litigation Reform Act. The Court also ruled that Lead Plaintiffs would be allowed the opportunity to submit a further amended complaint. Lead Plaintiffs served their second amended complaint on June 27, 2011. Defendants filed a Motion to Dismiss that complaint on July 27, 2011. On March 22, 2012, the Court granted in part and denied in part that Motion to Dismiss. On April 19, 2012, the Defendants filed a motion requesting that the Court reconsider its March 22, 2012 order. On September 26, 2012, the Court issued a written order denying the Motion for Reconsideration. Defendants filed their answer to the second amended complaint on May 21, 2012. On March 7, 2013, the Court granted Lead Plaintiffs' motion for class certification. On May 23, 2013, the 11th Circuit Court of Appeals granted Defendants permission to appeal the District Court’s certification of the class. On October 4, 2013, the Lead Plaintiffs and the Defendants reached a settlement-in-principle to settle the Securities Class Action. Under the settlement-in-principle, the Defendants shall cause to be paid $11.8 million to the Lead Plaintiffs (the “Securities Class Action Settlement Payment”) in exchange for broad releases, dismissal with prejudice of the Securities Class Action and other material and customary terms and conditions. On March 17, 2014, the Lead Plaintiffs filed a motion with the District Court for preliminary approval of the Securities Class Action Settlement Payment. The District Court granted preliminary approval of the Securities Class Action Settlement Payment on June 4, 2014, and the hearing date for the final approval is scheduled for October 7, 2014. Synovus expects that, subject to execution of an appropriate release of the Defendants’ insurance carriers and other customary acknowledgments by the Defendants, the Securities Class Action Settlement Payment will be fully covered by insurance. There can be no assurance that the settlement-in-principle will be finally approved by the District Court. In the event the settlement-in-principle of the Securities Class Action is not approved by the District Court and finally settled, Synovus and the individually named defendants collectively intend to vigorously defend themselves against the Securities Class Action. | |
Overdraft Litigation | |
Posting Order Litigation | |
On September 21, 2010, Synovus, Synovus Bank and CB&T were named as defendants in a putative multi-state class action relating to the manner in which Synovus Bank charges overdraft fees to customers. The case, Childs et al. v. Columbus Bank and Trust et al., was filed in the Northern District of Georgia, Atlanta Division, and asserts claims for breach of contract and breach of the covenant of good faith and fair dealing, unconscionability, conversion and unjust enrichment for alleged injuries suffered by plaintiffs as a result of Synovus Bank's assessment of overdraft charges in connection with its POS/debit and automated-teller machine cards allegedly resulting from the sequence used to post payments to the plaintiffs' accounts. On October 25, 2010, the Childs case was transferred to a multi-district proceeding in the Southern District of Florida. In Re: Checking Account Overdraft Litigation, MDL No. 2036. Plaintiffs amended their complaint on October 21, 2011. The Synovus entities filed a motion to dismiss the amended complaint on November 22, 2011. On July 26, 2012, the court denied the motion as to Synovus and Synovus Bank, but granted the motion as to CB&T. Synovus and Synovus Bank filed their answer to the amended complaint on September 24, 2012. The case is currently in discovery. A preliminary hearing regarding class certification is scheduled for August 13, 2014. | |
Assertion of Overdraft Fees as Interest Litigation | |
Synovus Bank was also named as a defendant in a putative state-wide class action in which the plaintiffs allege that overdraft fees charged to customers constitute interest and, as such, are usurious under Georgia law. The case, Griner et. al. v. Synovus Bank, et. al. was filed in Gwinnett County State Court (State of Georgia) on July 30, 2010, and asserts claims for usury, conversion and money had and received for alleged injuries suffered by the plaintiffs as a result of Synovus Bank's assessment of overdraft charges in connection with its POS/debit and automated-teller machine cards used to access customer accounts ("the Griner Overdraft Litigation"). Plaintiffs contend that such overdraft charges constitute interest and are therefore subject to Georgia usury laws. Synovus Bank contends that such overdraft charges constitute non-interest fees and charges under both federal and Georgia law and are otherwise exempt from Georgia usury limits. On September 1, 2010, Synovus Bank removed the case to the United States District Court for the Northern District of Georgia, Atlanta Division. The plaintiffs filed a motion to remand the case to state court. On July 22, 2011, the federal court entered an order granting plaintiffs' motion to remand the case to the Gwinnett County State Court. Synovus Bank subsequently filed a motion to dismiss. On February 22, 2012, the state court entered an order denying the motion to dismiss. On March 1, 2012, the state court signed and entered a certificate of immediate review thereby permitting Synovus Bank to petition the Georgia Court of Appeals for a discretionary appeal of the denial of the motion to dismiss. On March 12, 2012, Synovus Bank filed its application for interlocutory appeal with the Georgia Court of Appeals. On April 3, 2012, the Georgia Court of Appeals granted Synovus Bank's application for interlocutory appeal of the state court's order denying Synovus Bank's motion to dismiss. On April 11, 2012, Synovus Bank filed its notice of appeal. Oral arguments were heard in the case on September 19, 2012. On March 28, 2013, the Georgia Court of Appeals entered an order affirming the denial of Synovus Bank's motion to dismiss and remanding the case back to the State Court of Gwinnett County for further proceedings. On April 8, 2013, Synovus Bank filed a motion requesting that the Court of Appeals reconsider its March 28, 2013 order. On April 11, 2013, the Court of Appeals entered an order denying Synovus Bank's motion for reconsideration. On April 19, 2013, Synovus Bank filed a notice of its intent to petition the Supreme Court of Georgia for a writ of certiorari. On May 1, 2013, Synovus Bank filed a petition for writ of certiorari with the Supreme Court of Georgia. On October 7, 2013, the Supreme Court of Georgia accepted certiorari and vacated the March 28, 2013 order of the Georgia Court of Appeals instanter with direction that the Court of Appeals remand the case to the trial court for further consideration in light of the effect, if any, of the July 3, 2013 Declaratory Order issued by the Georgia Department of Banking and Finance, which declares that to provide parity with national banks, overdraft fees imposed by state-chartered banks in connection with deposit accounts are not subject to Georgia’s usury laws. The trial court held a hearing for consideration of this issue on November 21, 2013, and a decision is pending. | |
On February 3, 2014, the Gwinnett County State Court (State of Georgia) issued an order preliminarily approving the proposed settlement (the “Griner Settlement”) by and among Synovus Financial Corp. and Synovus Bank (collectively referred to herein as “Synovus”), and the plaintiffs in the Griner Overdraft Litigation. Under the terms of the Griner Settlement, Synovus has agreed to (1) establish a fund to pay eligible class member claims and (2) pay an agreed-upon amount of fees to counsel for the plaintiffs in the Griner Overdraft Litigation. In exchange, each purported class member in the Griner Overdraft Litigation will give Synovus a full and final general release of all claims alleged or that could be alleged in the Griner Overdraft Litigation. The final fairness hearing on the Griner Settlement was held on May 20, 2014, and the Griner Settlement was approved by the Court. |
Significant_Accounting_Policie1
Significant Accounting Policies (Policies) | 6 Months Ended |
Jun. 30, 2014 | |
Significant Accounting Policies [Abstract] | ' |
Cash and Cash Equivalents | ' |
Cash and cash equivalents consist of cash and due from banks. At June 30, 2014 and December 31, 2013, cash and cash equivalents included $98.1 million and $104.9 million, respectively, on deposit to meet Federal Reserve Bank requirements. At June 30, 2014 and December 31, 2013, $125 thousand and $375 thousand, respectively, of the due from banks balance was restricted as to withdrawal. | |
Short-term Investment | ' |
Short-term investments consist of interest bearing funds with the Federal Reserve Bank, interest earning deposits with banks, and Federal funds sold and securities purchased under resale agreements. Interest earning deposits with banks include $9.4 million and $11.1 million at June 30, 2014 and December 31, 2013, respectively, which is pledged as collateral in connection with certain letters of credit. Federal funds sold include $73.1 million at June 30, 2014 and $72.2 million at December 31, 2013, which are pledged to collateralize certain derivative instruments. Federal funds sold and securities purchased under resale agreements, and Federal funds purchased and securities sold under repurchase agreements, generally mature in one day. | |
Recently Adopted Accounting Standards Updates | ' |
Effective January 1, 2014, Synovus adopted the provisions of ASU 2013-11, Income Taxes (Topic 740): Presentation of an Unrecognized Tax Benefit When a Net Operating Loss Carryforward, a Similar Tax Loss, or a Tax Credit Carryforward Exists. This ASU provides guidance on financial statement presentation of an unrecognized tax benefit when a net operating loss carryforward, a similar tax loss, or a tax credit carryforward exists. Income tax accounting guidance did not explicitly address how to present unrecognized tax benefits when a company also has net operating losses or tax credit carryforwards. Previously, most companies presented these unrecognized benefits as a liability (i.e., gross presentation), but some presented the liability as a reduction of their net operating losses or tax credit carryforwards (i.e., net presentation). To address this diversity in practice, the FASB issued ASU 2013-11, requiring unrecognized tax benefits to be offset against a deferred tax asset for a net operating loss carryforward, similar tax loss, or tax credit carryforward except when either (1) a net operating loss carryforward, a similar tax loss, or a tax credit carryforward is not available as of the reporting date under the governing tax law to settle taxes that would result from the disallowance of the tax position, or (2) the entity does not intend to use the deferred tax asset for this purpose (provided that the tax law permits a choice). If either of these conditions exists, an entity should present an unrecognized tax benefit in the financial statements as a liability and should not net the unrecognized tax benefit with a deferred tax asset. Synovus adopted the provisions of ASU 2013-11 effective January 1, 2014. However, because prior to adoption Synovus already presented its unrecognized tax benefits as a reduction of its net operating losses, adoption of ASU 2013-11 did not have a significant impact on its consolidated balance sheet. | |
Reclassifications | ' |
Prior periods' consolidated financial statements are reclassified whenever necessary to conform to the current period's presentation. | |
Subsequent Events | ' |
Synovus has evaluated for consideration, or disclosure, all transactions, events, and circumstances, subsequent to the date of the consolidated balance sheet and through the date the accompanying unaudited interim consolidated financial statements were issued, and has reflected, or disclosed, those items deemed appropriate within the unaudited interim consolidated financial statements. |
Investment_Securities_Tables
Investment Securities (Tables) | 6 Months Ended | ||||||||||||||||||
Jun. 30, 2014 | |||||||||||||||||||
Investments [Abstract] | ' | ||||||||||||||||||
Summary of Available-for-Sale Investment Securities | ' | ||||||||||||||||||
The amortized cost, gross unrealized gains and losses, and estimated fair values of investment securities available for sale at June 30, 2014 and December 31, 2013 are summarized below. | |||||||||||||||||||
June 30, 2014 | |||||||||||||||||||
(in thousands) | Amortized Cost(1) | Gross Unrealized Gains | Gross Unrealized Losses | Fair Value | |||||||||||||||
U.S. Treasury securities | $ | 17,793 | — | — | 17,793 | ||||||||||||||
U.S. Government agency securities | 33,264 | 1,028 | — | 34,292 | |||||||||||||||
Securities issued by U.S. Government sponsored enterprises | 111,795 | 1,014 | — | 112,809 | |||||||||||||||
Mortgage-backed securities issued by U.S. Government agencies | 173,296 | 1,848 | (766 | ) | 174,378 | ||||||||||||||
Mortgage-backed securities issued by U.S. Government sponsored enterprises | 2,327,735 | 21,176 | (10,616 | ) | 2,338,295 | ||||||||||||||
Collateralized mortgage obligations issued by U.S. Government agencies or sponsored enterprises | 384,836 | 4,125 | (2,488 | ) | 386,473 | ||||||||||||||
State and municipal securities | 5,222 | 209 | (2 | ) | 5,429 | ||||||||||||||
Equity securities | 3,228 | 3,725 | — | 6,953 | |||||||||||||||
Other investments | 4,099 | — | (336 | ) | 3,763 | ||||||||||||||
Total investment securities available for sale | $ | 3,061,268 | 33,125 | (14,208 | ) | 3,080,185 | |||||||||||||
31-Dec-13 | |||||||||||||||||||
(in thousands) | Amortized Cost(1) | Gross Unrealized Gains | Gross Unrealized Losses | Fair Value | |||||||||||||||
U.S. Treasury securities | $ | 17,791 | — | — | 17,791 | ||||||||||||||
U.S. Government agency securities | 33,480 | 1,161 | — | 34,641 | |||||||||||||||
Securities issued by U.S. Government sponsored enterprises | 112,305 | 1,440 | — | 113,745 | |||||||||||||||
Mortgage-backed securities issued by U.S. Government agencies | 196,521 | 2,257 | (3,661 | ) | 195,117 | ||||||||||||||
Mortgage-backed securities issued by U.S. Government sponsored enterprises | 2,443,282 | 9,718 | (31,640 | ) | 2,421,360 | ||||||||||||||
Collateralized mortgage obligations issued by U.S. Government agencies or sponsored enterprises | 406,717 | 698 | (8,875 | ) | 398,540 | ||||||||||||||
State and municipal securities | 6,723 | 168 | (2 | ) | 6,889 | ||||||||||||||
Equity securities | 3,856 | 3,728 | — | 7,584 | |||||||||||||||
Other investments | 4,074 | — | (383 | ) | 3,691 | ||||||||||||||
Total investment securities available for sale | $ | 3,224,749 | 19,170 | (44,561 | ) | 3,199,358 | |||||||||||||
(1) | Amortized cost is adjusted for other-than-temporary impairment charges in 2014 and 2013, which have been recognized in the consolidated statements of income in the applicable year, and were considered inconsequential. | ||||||||||||||||||
Schedule of Unrealized Loss on Investments | ' | ||||||||||||||||||
Gross unrealized losses on investment securities and the fair value of the related securities, aggregated by investment category and length of time that individual securities have been in a continuous unrealized loss position, at June 30, 2014 and December 31, 2013, are presented below. | |||||||||||||||||||
June 30, 2014 | |||||||||||||||||||
Less than 12 Months | 12 Months or Longer | Total | |||||||||||||||||
(in thousands) | Fair | Gross Unrealized | Fair | Gross Unrealized | Fair | Gross Unrealized | |||||||||||||
Value | Losses | Value | Losses | Value | Losses | ||||||||||||||
U.S. Treasury securities | $ | — | — | — | — | — | — | ||||||||||||
U.S. Government agency securities | — | — | — | — | — | — | |||||||||||||
Securities issued by U.S. Government sponsored enterprises | — | — | — | — | — | — | |||||||||||||
Mortgage-backed securities issued by U.S. Government agencies | — | — | 30,922 | 766 | 30,922 | 766 | |||||||||||||
Mortgage-backed securities issued by U.S. Government sponsored enterprises | — | — | 1,052,375 | 10,616 | 1,052,375 | 10,616 | |||||||||||||
Collateralized mortgage obligations issued by U.S. Government agencies or sponsored enterprises | — | — | 125,675 | 2,488 | 125,675 | 2,488 | |||||||||||||
State and municipal securities | — | — | 42 | 2 | 42 | 2 | |||||||||||||
Equity securities | — | — | — | — | — | — | |||||||||||||
Other investments | 1,897 | 202 | 1,866 | 134 | 3,763 | 336 | |||||||||||||
Total | $ | 1,897 | 202 | 1,210,880 | 14,006 | 1,212,777 | 14,208 | ||||||||||||
December 31, 2013 | |||||||||||||||||||
Less than 12 Months | 12 Months or Longer | Total | |||||||||||||||||
(in thousands) | Fair | Gross Unrealized | Fair | Gross Unrealized | Fair | Gross Unrealized | |||||||||||||
Value | Losses | Value | Losses | Value | Losses | ||||||||||||||
U.S. Treasury securities | $ | — | — | — | — | — | — | ||||||||||||
U.S. Government agency securities | — | — | — | — | — | — | |||||||||||||
Securities issued by U.S. Government sponsored enterprises | — | — | — | — | — | — | |||||||||||||
Mortgage-backed securities issued by U.S. Government agencies | 121,607 | 3,363 | 2,951 | 298 | 124,558 | 3,661 | |||||||||||||
Mortgage-backed securities issued by U.S. Government sponsored enterprises | 1,885,521 | 31,640 | — | — | 1,885,521 | 31,640 | |||||||||||||
Collateralized mortgage obligations issued by U.S. Government agencies or sponsored enterprises | 282,898 | 8,875 | — | — | 282,898 | 8,875 | |||||||||||||
State and municipal securities | — | — | 40 | 2 | 40 | 2 | |||||||||||||
Equity securities | — | — | — | — | — | — | |||||||||||||
Other investments | 1,969 | 105 | 1,722 | 278 | 3,691 | 383 | |||||||||||||
Total | $ | 2,291,995 | 43,983 | 4,713 | 578 | 2,296,708 | 44,561 | ||||||||||||
Amortized Cost and Estimated Fair Value by Contractual Maturity of Investment Securities Available-for-Sale | ' | ||||||||||||||||||
For purposes of the maturity table, mortgage-backed securities and CMOs, which are not due at a single maturity date, have been classified based on the final contractual maturity date. | |||||||||||||||||||
Distribution of Maturities at June 30, 2014 | |||||||||||||||||||
(in thousands) | Within One | 1 to 5 | 5 to 10 | More Than | No Stated | Total | |||||||||||||
Year | Years | Years | 10 Years | Maturity | |||||||||||||||
Amortized Cost | |||||||||||||||||||
U.S. Treasury securities | $ | 17,793 | — | — | — | — | 17,793 | ||||||||||||
U.S. Government agency securities | 114 | 9,097 | 24,053 | — | — | 33,264 | |||||||||||||
Securities issued by U.S. Government sponsored enterprises | 30,030 | 81,765 | — | — | — | 111,795 | |||||||||||||
Mortgage-backed securities issued by U.S. Government agencies | 15 | 1 | — | 173,280 | — | 173,296 | |||||||||||||
Mortgage-backed securities issued by U.S. Government sponsored enterprises | 102 | 2,429 | 1,913,531 | 411,673 | — | 2,327,735 | |||||||||||||
Collateralized mortgage obligations issued by U.S. Government agencies or sponsored enterprises | — | — | — | 384,836 | — | 384,836 | |||||||||||||
State and municipal securities | 95 | 2,098 | 289 | 2,740 | — | 5,222 | |||||||||||||
Equity securities | — | — | — | — | 3,228 | 3,228 | |||||||||||||
Other investments | — | — | — | 2,000 | 2,099 | 4,099 | |||||||||||||
Total amortized cost | $ | 48,149 | 95,390 | 1,937,873 | 974,529 | 5,327 | 3,061,268 | ||||||||||||
Fair Value | |||||||||||||||||||
U.S. Treasury securities | $ | 17,793 | — | — | — | — | 17,793 | ||||||||||||
U.S. Government agency securities | 114 | 9,414 | 24,764 | — | — | 34,292 | |||||||||||||
Securities issued by U.S. Government sponsored enterprises | 30,187 | 82,622 | — | — | — | 112,809 | |||||||||||||
Mortgage-backed securities issued by U.S. Government agencies | 15 | 1 | — | 174,362 | — | 174,378 | |||||||||||||
Mortgage-backed securities issued by U.S. Government sponsored enterprises | 108 | 2,595 | 1,913,923 | 421,669 | — | 2,338,295 | |||||||||||||
Collateralized mortgage obligations issued by U.S. Government agencies or sponsored enterprises | — | — | — | 386,473 | — | 386,473 | |||||||||||||
State and municipal securities | 95 | 2,139 | 308 | 2,887 | — | 5,429 | |||||||||||||
Equity securities | — | — | — | — | 6,953 | 6,953 | |||||||||||||
Other investments | — | — | — | 1,866 | 1,897 | 3,763 | |||||||||||||
Total fair value | $ | 48,312 | 96,771 | 1,938,995 | 987,257 | 8,850 | 3,080,185 | ||||||||||||
Schedule of Activity for Available-for-Sale Securities | ' | ||||||||||||||||||
Proceeds from sales, gross gains, and gross losses on sales of securities available for sale for the six and three months ended June 30, 2014 and 2013 are presented below. Other-than-temporary impairment charges of $88 thousand are included in gross realized losses for the six months ended June 30, 2014. The specific identification method is used to reclassify gains and losses out of other comprehensive income at the time of sale. | |||||||||||||||||||
Six Months Ended June 30, | Three Months Ended June 30, | ||||||||||||||||||
(in thousands) | 2014 | 2013 | 2014 | 2013 | |||||||||||||||
Proceeds from sales of investment securities available for sale | $ | 20,815 | $347,386 | — | 135,146 | ||||||||||||||
Gross realized gains | 1,419 | 2,036 | — | 1,760 | |||||||||||||||
Gross realized losses | (88 | ) | (588 | ) | — | (357 | ) | ||||||||||||
Investment securities gains, net | $ | 1,331 | 1,448 | — | 1,403 | ||||||||||||||
Restructuring_Charges_Tables
Restructuring Charges (Tables) | 6 Months Ended | ||||||||||||
Jun. 30, 2014 | |||||||||||||
Restructuring Charges [Abstract] | ' | ||||||||||||
Schedule of Restructuring and Related Costs | ' | ||||||||||||
For the six and three months ended June 30, 2014 and 2013 total restructuring charges are as follows: | |||||||||||||
Six Months Ended June 30, | Three Months Ended June 30, | ||||||||||||
(in thousands) | 2014 | 2013 | 2014 | 2013 | |||||||||
Severance charges | $ | 8,047 | 6,610 | — | 1,737 | ||||||||
Asset impairment charges | 7,358 | — | 7,358 | — | |||||||||
Professional fees and other charges | 888 | (3 | ) | 358 | 21 | ||||||||
Total restructuring charges | $ | 16,293 | 6,607 | 7,716 | 1,758 | ||||||||
Loans_and_Allowance_for_Loan_L1
Loans and Allowance for Loan Losses (Tables) | 6 Months Ended | |||||||||||||||||||||
Jun. 30, 2014 | ||||||||||||||||||||||
Allowance for Loan and Lease Losses, Adjustments, Net [Abstract] | ' | |||||||||||||||||||||
Schedule of Current, Accruing Past Due, and Nonaccrual Loans | ' | |||||||||||||||||||||
The following is a summary of current, accruing past due, and non-accrual loans by portfolio class as of June 30, 2014 and December 31, 2013. | ||||||||||||||||||||||
Current, Accruing Past Due, and Non-accrual Loans | ||||||||||||||||||||||
June 30, 2014 | ||||||||||||||||||||||
(in thousands) | Current | Accruing 30-89 Days Past Due | Accruing 90 Days or Greater Past Due | Total Accruing Past Due | Non-accrual | Total | ||||||||||||||||
Investment properties | $ | 4,767,934 | 1,488 | — | 1,488 | 40,927 | 4,810,349 | |||||||||||||||
1-4 family properties | 1,026,506 | 5,455 | 417 | 5,872 | 26,711 | 1,059,089 | ||||||||||||||||
Land acquisition | 553,949 | 1,695 | 347 | 2,042 | 42,564 | 598,555 | ||||||||||||||||
Total commercial real estate | 6,348,389 | 8,638 | 764 | 9,402 | 110,202 | 6,467,993 | ||||||||||||||||
Commercial, financial and agricultural | 5,504,255 | 11,977 | 806 | 12,783 | 57,903 | 5,574,941 | ||||||||||||||||
Owner-occupied | 3,748,944 | 7,502 | 828 | 8,330 | 29,005 | 3,786,279 | ||||||||||||||||
Small business | 873,574 | 5,134 | 652 | 5,786 | 7,210 | 886,570 | ||||||||||||||||
Total commercial and industrial | 10,126,773 | 24,613 | 2,286 | 26,899 | 94,118 | 10,247,790 | ||||||||||||||||
Home equity lines | 1,641,202 | 6,781 | 141 | 6,922 | 16,396 | 1,664,520 | ||||||||||||||||
Consumer mortgages | 1,512,811 | 11,652 | 215 | 11,867 | 36,433 | 1,561,111 | ||||||||||||||||
Credit cards | 252,538 | 1,502 | 1,329 | 2,831 | — | 255,369 | ||||||||||||||||
Other retail | 283,030 | 2,444 | 63 | 2,507 | 2,398 | 287,935 | ||||||||||||||||
Total retail | 3,689,581 | 22,379 | 1,748 | 24,127 | 55,227 | 3,768,935 | ||||||||||||||||
Total loans | $ | 20,164,743 | 55,630 | 4,798 | 60,428 | 259,547 | 20,484,718 | (1 | ) | |||||||||||||
December 31, 2013 | ||||||||||||||||||||||
(in thousands) | Current | Accruing 30-89 Days Past Due | Accruing 90 Days or Greater Past Due | Total Accruing Past Due | Non-accrual | Total | ||||||||||||||||
Investment properties | $ | 4,533,708 | 3,552 | 40 | 3,592 | 66,454 | 4,603,754 | |||||||||||||||
1-4 family properties | 1,115,858 | 6,267 | 527 | 6,794 | 33,819 | 1,156,471 | ||||||||||||||||
Land acquisition | 549,838 | 1,100 | 300 | 1,400 | 154,095 | 705,333 | ||||||||||||||||
Total commercial real estate | 6,199,404 | 10,919 | 867 | 11,786 | 254,368 | 6,465,558 | ||||||||||||||||
Commercial, financial and agricultural | 5,413,614 | 16,251 | 721 | 16,972 | 59,628 | 5,490,214 | ||||||||||||||||
Owner-occupied | 3,749,052 | 9,341 | 66 | 9,407 | 36,980 | 3,795,439 | ||||||||||||||||
Small business | 676,947 | 4,506 | 155 | 4,661 | 5,608 | 687,216 | ||||||||||||||||
Total commercial and industrial | 9,839,613 | 30,098 | 942 | 31,040 | 102,216 | 9,972,869 | ||||||||||||||||
Home equity lines | 1,564,578 | 4,919 | 136 | 5,055 | 17,908 | 1,587,541 | ||||||||||||||||
Consumer mortgages | 1,460,219 | 18,068 | 1,011 | 19,079 | 39,770 | 1,519,068 | ||||||||||||||||
Credit cards | 253,422 | 1,917 | 1,507 | 3,424 | — | 256,846 | ||||||||||||||||
Other retail | 280,524 | 2,190 | 26 | 2,216 | 2,038 | 284,778 | ||||||||||||||||
Total retail | 3,558,743 | 27,094 | 2,680 | 29,774 | 59,716 | 3,648,233 | ||||||||||||||||
Total loans | $ | 19,597,760 | 68,111 | 4,489 | 72,600 | 416,300 | 20,086,660 | (2 | ) | |||||||||||||
(1)Total before net deferred fees and costs of $29.0 million. | ||||||||||||||||||||||
(2)Total before net deferred fees and costs of $28.9 million. | ||||||||||||||||||||||
Loan Portfolio Credit Exposure | ' | |||||||||||||||||||||
In the following tables, retail loans and small business loans are generally assigned a risk grade similar to the classifications described above; however, upon reaching 90 days and 120 days past due, they are generally downgraded to Substandard and Loss, respectively, in accordance with the FFIEC Uniform Retail Credit Classification and Account Management Policy. Additionally, in accordance with the Interagency Supervisory Guidance on Allowance for Loan and Lease Losses Estimation Practices for Loans and Lines of Credit Secured by Junior Liens on 1-4 Family Residential Properties, the risk grade classifications of retail loans (home equity lines and consumer mortgages) secured by junior liens on 1-4 family residential properties also consider available information on the payment status of the associated senior lien with other financial institutions. | ||||||||||||||||||||||
Loan Portfolio Credit Exposure by Risk Grade | ||||||||||||||||||||||
June 30, 2014 | ||||||||||||||||||||||
(in thousands) | Pass | Special | Substandard(1) | Doubtful(2) | Loss | Total | ||||||||||||||||
Mention | ||||||||||||||||||||||
Investment properties | $ | 4,453,645 | 228,334 | 128,370 | — | — | 4,810,349 | |||||||||||||||
1-4 family properties | 832,074 | 100,763 | 118,205 | 8,047 | — | 1,059,089 | ||||||||||||||||
Land acquisition | 463,764 | 60,134 | 73,717 | 940 | — | 598,555 | ||||||||||||||||
Total commercial real estate | 5,749,483 | 389,231 | 320,292 | 8,987 | — | 6,467,993 | ||||||||||||||||
Commercial, financial and agricultural | 5,209,016 | 186,667 | 170,974 | 8,199 | 85 | (3) | 5,574,941 | |||||||||||||||
Owner-occupied | 3,478,985 | 160,617 | 145,732 | 512 | 433 | (3) | 3,786,279 | |||||||||||||||
Small business | 871,090 | — | 14,249 | 1,231 | — | 886,570 | ||||||||||||||||
Total commercial and industrial | 9,559,091 | 347,284 | 330,955 | 9,942 | 518 | 10,247,790 | ||||||||||||||||
Home equity lines | 1,640,278 | — | 20,559 | 1,660 | 2,023 | (3) | 1,664,520 | |||||||||||||||
Consumer mortgages | 1,518,211 | — | 40,499 | 2,158 | 243 | (3) | 1,561,111 | |||||||||||||||
Credit cards | 254,039 | — | 382 | — | 948 | (4) | 255,369 | |||||||||||||||
Other retail | 283,873 | — | 3,920 | 32 | 110 | (3) | 287,935 | |||||||||||||||
Total retail | 3,696,401 | — | 65,360 | 3,850 | 3,324 | 3,768,935 | ||||||||||||||||
Total loans | $ | 19,004,975 | 736,515 | 716,607 | 22,779 | 3,842 | 20,484,718 | (5 | ) | |||||||||||||
31-Dec-13 | ||||||||||||||||||||||
(in thousands) | Pass | Special | Substandard(1) | Doubtful(2) | Loss | Total | ||||||||||||||||
Mention | ||||||||||||||||||||||
Investment properties | $ | 4,184,748 | 249,890 | 167,392 | 1,724 | — | 4,603,754 | |||||||||||||||
1-4 family properties | 892,512 | 126,715 | 128,890 | 8,062 | 292 | (3) | 1,156,471 | |||||||||||||||
Land acquisition | 421,956 | 94,316 | 186,514 | 2,547 | — | 705,333 | ||||||||||||||||
Total commercial real estate | 5,499,216 | 470,921 | 482,796 | 12,333 | 292 | 6,465,558 | ||||||||||||||||
Commercial, financial and agricultural | 5,053,808 | 224,620 | 201,410 | 10,286 | 90 | (3) | 5,490,214 | |||||||||||||||
Owner-occupied | 3,478,359 | 155,097 | 160,173 | 1,810 | — | 3,795,439 | ||||||||||||||||
Small business | 674,200 | — | 12,219 | 797 | — | 687,216 | ||||||||||||||||
Total commercial and industrial | 9,206,367 | 379,717 | 373,802 | 12,893 | 90 | 9,972,869 | ||||||||||||||||
Home equity lines | 1,559,272 | — | 24,931 | 1,448 | 1,890 | (3) | 1,587,541 | |||||||||||||||
Consumer mortgages | 1,475,928 | — | 40,935 | 1,918 | 287 | (3) | 1,519,068 | |||||||||||||||
Credit cards | 255,339 | — | 541 | — | 966 | (4) | 256,846 | |||||||||||||||
Other retail | 281,179 | — | 3,400 | 75 | 124 | (3) | 284,778 | |||||||||||||||
Total retail | 3,571,718 | — | 69,807 | 3,441 | 3,267 | 3,648,233 | ||||||||||||||||
Total loans | $ | 18,277,301 | 850,638 | 926,405 | 28,667 | 3,649 | 20,086,660 | (6 | ) | |||||||||||||
(1) Includes $232.9 million and $384.0 million of non-accrual Substandard loans at June 30, 2014 and December 31, 2013, respectively. | ||||||||||||||||||||||
(2) The loans within this risk grade are on non-accrual status and have an allowance for loan losses generally equal to 50% of the loan amount. | ||||||||||||||||||||||
(3) The loans within this risk grade are on non-accrual status and have an allowance for loan losses equal to the full loan amount. | ||||||||||||||||||||||
(4) Represent amounts that were 120 days past due. These credits are downgraded to the Loss category with an allowance for loan losses equal to the full loan amount and are generally charged off upon reaching 181 days past due in accordance with the FFIEC Uniform Retail Credit Classification and Account Management Policy. | ||||||||||||||||||||||
(5)Total before net deferred fees and costs of $29.0 million. | ||||||||||||||||||||||
(6)Total before net deferred fees and costs of | ||||||||||||||||||||||
Schedule of Allowances for Loan Losses and Recorded Investment in Loans | ' | |||||||||||||||||||||
The following table details the changes in the allowance for loan losses by loan segment for the six months ended June 30, 2014 and 2013. | ||||||||||||||||||||||
Allowance for Loan Losses and Recorded Investment in Loans | ||||||||||||||||||||||
As Of and For The Six Months Ended June 30, 2014 | ||||||||||||||||||||||
(in thousands) | Commercial Real Estate | Commercial & Industrial | Retail | Unallocated | Total | |||||||||||||||||
Allowance for loan losses: | ||||||||||||||||||||||
Beginning balance | $ | 127,012 | 116,069 | 41,479 | 23,000 | 307,560 | ||||||||||||||||
Allowance for loan losses of sold branches | (281 | ) | (398 | ) | (340 | ) | — | (1,019 | ) | |||||||||||||
Charge-offs | (35,906 | ) | (15,590 | ) | (12,860 | ) | — | (64,356 | ) | |||||||||||||
Recoveries | 5,216 | 4,308 | 4,279 | — | 13,803 | |||||||||||||||||
Provision (credit) for loan losses | 6,183 | 28,585 | 10,027 | (23,000 | ) | 21,795 | ||||||||||||||||
Ending balance | $ | 102,224 | 132,974 | 42,585 | — | 277,783 | ||||||||||||||||
Ending balance: individually evaluated for impairment | 21,470 | 19,053 | 961 | — | 41,484 | |||||||||||||||||
Ending balance: collectively evaluated for impairment | $ | 80,754 | 113,921 | 41,624 | — | 236,299 | ||||||||||||||||
Loans: | ||||||||||||||||||||||
Ending balance: total loans(1) | $ | 6,467,993 | 10,247,790 | 3,768,935 | — | 20,484,718 | ||||||||||||||||
Ending balance: individually evaluated for impairment | 331,414 | 202,899 | 51,181 | — | 585,494 | |||||||||||||||||
Ending balance: collectively evaluated for impairment | $ | 6,136,579 | 10,044,891 | 3,717,754 | — | 19,899,224 | ||||||||||||||||
As Of and For The Six Months Ended June 30, 2013 | ||||||||||||||||||||||
(in thousands) | Commercial Real Estate | Commercial & Industrial | Retail | Unallocated | Total | |||||||||||||||||
Allowance for loan losses: | ||||||||||||||||||||||
Beginning balance | $ | 167,926 | 138,495 | 38,984 | 28,000 | 373,405 | ||||||||||||||||
Charge-offs | (64,351 | ) | (30,232 | ) | (20,452 | ) | — | (115,035 | ) | |||||||||||||
Recoveries | 9,095 | 15,114 | 3,528 | — | 27,737 | |||||||||||||||||
Provision (credit) for loan losses | 25,659 | 9,813 | 18,301 | (5,000 | ) | 48,773 | ||||||||||||||||
Ending balance | $ | 138,329 | 133,190 | 40,361 | 23,000 | 334,880 | ||||||||||||||||
Ending balance: individually evaluated for impairment | 47,039 | 27,775 | 1,197 | — | 76,011 | |||||||||||||||||
Ending balance: collectively evaluated for impairment | $ | 91,290 | 105,415 | 39,164 | 23,000 | 258,869 | ||||||||||||||||
Loans: | ||||||||||||||||||||||
Ending balance: total loans(2) | $ | 6,414,750 | 9,727,959 | 3,489,341 | — | 19,632,050 | ||||||||||||||||
Ending balance: individually evaluated for impairment | 624,402 | 284,559 | 58,491 | — | 967,452 | |||||||||||||||||
Ending balance: collectively evaluated for impairment | $ | 5,790,348 | 9,443,400 | 3,430,850 | — | 18,664,598 | ||||||||||||||||
(1)Total before net deferred fees and costs of $29.0 million. | ||||||||||||||||||||||
(2)Total before net deferred fees and costs of $23.8 million. | ||||||||||||||||||||||
The following table details the changes in the allowance for loan losses by loan segment for the three months ended June 30, 2014 and 2013. | ||||||||||||||||||||||
Allowance for Loan Losses and Recorded Investment in Loans | ||||||||||||||||||||||
As Of and For The Three Months Ended June 30, 2014 | ||||||||||||||||||||||
(in thousands) | Commercial Real Estate | Commercial & Industrial | Retail | Unallocated | Total | |||||||||||||||||
Allowance for loan losses: | ||||||||||||||||||||||
Beginning balance | $ | 126,955 | 128,346 | 45,570 | — | 300,871 | ||||||||||||||||
Charge-offs | (27,960 | ) | (7,554 | ) | (6,567 | ) | — | (42,081 | ) | |||||||||||||
Recoveries | 2,989 | 2,355 | 1,365 | — | 6,709 | |||||||||||||||||
Provision for loan losses | 240 | 9,827 | 2,217 | — | 12,284 | |||||||||||||||||
Ending balance | $ | 102,224 | 132,974 | 42,585 | — | 277,783 | ||||||||||||||||
Ending balance: individually evaluated for impairment | 21,470 | 19,053 | 961 | — | 41,484 | |||||||||||||||||
Ending balance: collectively evaluated for impairment | $ | 80,754 | 113,921 | 41,624 | — | 236,299 | ||||||||||||||||
Loans: | ||||||||||||||||||||||
Ending balance: total loans(1) | $ | 6,467,993 | 10,247,790 | 3,768,935 | — | 20,484,718 | ||||||||||||||||
Ending balance: individually evaluated for impairment | 331,414 | 202,899 | 51,181 | — | 585,494 | |||||||||||||||||
Ending balance: collectively evaluated for impairment | $ | 6,136,579 | 10,044,891 | 3,717,754 | — | 19,899,224 | ||||||||||||||||
As Of and For The Three Months Ended June 30, 2013 | ||||||||||||||||||||||
(in thousands) | Commercial Real Estate | Commercial & Industrial | Retail | Unallocated | Total | |||||||||||||||||
Allowance for loan losses: | ||||||||||||||||||||||
Beginning balance | $ | 145,991 | 134,657 | 43,124 | 28,000 | 351,772 | ||||||||||||||||
Charge-offs | (28,075 | ) | (11,014 | ) | (8,827 | ) | — | (47,916 | ) | |||||||||||||
Recoveries | 5,493 | 10,696 | 1,758 | — | 17,947 | |||||||||||||||||
Provision (credit) for loan losses | 14,920 | (1,149 | ) | 4,306 | (5,000 | ) | 13,077 | |||||||||||||||
Ending balance | $ | 138,329 | 133,190 | 40,361 | 23,000 | 334,880 | ||||||||||||||||
Ending balance: individually evaluated for impairment | 47,039 | 27,775 | 1,197 | — | 76,011 | |||||||||||||||||
Ending balance: collectively evaluated for impairment | $ | 91,290 | 105,415 | 39,164 | 23,000 | 258,869 | ||||||||||||||||
Loans: | ||||||||||||||||||||||
Ending balance: total loans(2) | $ | 6,414,750 | 9,727,959 | 3,489,341 | — | 19,632,050 | ||||||||||||||||
Ending balance: individually evaluated for impairment | 624,402 | 284,559 | 58,491 | — | 967,452 | |||||||||||||||||
Ending balance: collectively evaluated for impairment | $ | 5,790,348 | 9,443,400 | 3,430,850 | — | 18,664,598 | ||||||||||||||||
(1)Total before net deferred fees and costs of $29.0 million. | ||||||||||||||||||||||
(2)Total before net deferred fees and costs of $23.8 million. | ||||||||||||||||||||||
Schedule of Impaired Loans | ' | |||||||||||||||||||||
The allowance for loan losses continues to consist of an allocated component (which includes the qualitative factors noted above as well as the qualitative factors disclosed in Synovus' 2013 Form 10-K) and an unallocated component. Beginning March 31, 2014, the unallocated component relates to risk elements, if any, which are not already included in the allocated allowance. | ||||||||||||||||||||||
The tables below summarize impaired loans (including accruing TDRs) as of June 30, 2014 and December 31, 2013. | ||||||||||||||||||||||
Impaired Loans (including accruing TDRs) | ||||||||||||||||||||||
June 30, 2014 | Six Months Ended | Three Months Ended June 30, 2014 | ||||||||||||||||||||
30-Jun-14 | ||||||||||||||||||||||
(in thousands) | Recorded Investment | Unpaid Principal Balance | Related Allowance | Average Recorded Investment | Interest Income Recognized | Average Recorded Investment | Interest Income Recognized | |||||||||||||||
With no related allowance recorded | ||||||||||||||||||||||
Investment properties | $ | 34,064 | 45,351 | — | 20,840 | — | 27,491 | — | ||||||||||||||
1-4 family properties | 4,036 | 21,206 | — | 6,901 | — | 5,219 | — | |||||||||||||||
Land acquisition | 30,896 | 94,899 | — | 31,988 | — | 34,596 | — | |||||||||||||||
Total commercial real estate | 68,996 | 161,456 | — | 59,729 | — | 67,306 | — | |||||||||||||||
Commercial, financial and agricultural | 10,242 | 20,296 | — | 11,483 | — | 10,046 | — | |||||||||||||||
Owner-occupied | 21,606 | 23,379 | — | 22,565 | — | 21,471 | — | |||||||||||||||
Small business | — | — | — | — | — | — | — | |||||||||||||||
Total commercial and industrial | 31,848 | 43,675 | — | 34,048 | — | 31,517 | — | |||||||||||||||
Home equity lines | — | — | — | — | — | — | — | |||||||||||||||
Consumer mortgages | 2,310 | 2,527 | — | 1,271 | — | 1,889 | — | |||||||||||||||
Credit cards | — | — | — | — | — | — | — | |||||||||||||||
Other retail | — | — | — | — | — | — | — | |||||||||||||||
Total retail | 2,310 | 2,527 | — | 1,271 | — | 1,889 | — | |||||||||||||||
Total impaired loans with no | $ | 103,154 | 207,658 | — | 95,048 | — | 100,712 | — | ||||||||||||||
related allowance recorded | ||||||||||||||||||||||
With allowance recorded | ||||||||||||||||||||||
Investment properties | $ | 120,684 | 121,771 | 3,757 | 152,469 | 2,070 | 136,574 | 992 | ||||||||||||||
1-4 family properties | 93,058 | 93,916 | 12,782 | 103,152 | 1,577 | 95,931 | 763 | |||||||||||||||
Land acquisition | 48,676 | 48,780 | 4,931 | 130,032 | 846 | 86,284 | 374 | |||||||||||||||
Total commercial real estate | 262,418 | 264,467 | 21,470 | 385,653 | 4,493 | 318,789 | 2,129 | |||||||||||||||
Commercial, financial and agricultural | 80,669 | 80,834 | 14,666 | 100,319 | 1,261 | 94,848 | 503 | |||||||||||||||
Owner-occupied | 80,850 | 81,007 | 3,943 | 82,376 | 1,400 | 78,791 | 670 | |||||||||||||||
Small business | 9,532 | 9,532 | 444 | 8,034 | 112 | 9,027 | 97 | |||||||||||||||
Total commercial and industrial | 171,051 | 171,373 | 19,053 | 190,729 | 2,773 | 182,666 | 1,270 | |||||||||||||||
Home equity lines | 3,573 | 3,573 | 85 | 2,974 | 32 | 3,342 | 32 | |||||||||||||||
Consumer mortgages | 39,781 | 39,781 | 779 | 41,265 | 541 | 39,940 | 471 | |||||||||||||||
Credit cards | — | — | — | — | — | — | — | |||||||||||||||
Other retail | 5,517 | 5,517 | 97 | 4,753 | 141 | 5,275 | 85 | |||||||||||||||
Total retail | 48,871 | 48,871 | 961 | 48,992 | 714 | 48,557 | 588 | |||||||||||||||
Total impaired loans with | $ | 482,340 | 484,711 | 41,484 | 625,374 | 7,980 | 550,012 | 3,987 | ||||||||||||||
allowance recorded | ||||||||||||||||||||||
Total impaired loans | ||||||||||||||||||||||
Investment properties | $ | 154,748 | 167,122 | 3,757 | 173,309 | 2,070 | 164,065 | 992 | ||||||||||||||
1-4 family properties | 97,094 | 115,122 | 12,782 | 110,053 | 1,577 | 101,150 | 763 | |||||||||||||||
Land acquisition | 79,572 | 143,679 | 4,931 | 162,020 | 846 | 120,880 | 374 | |||||||||||||||
Total commercial real estate | 331,414 | 425,923 | 21,470 | 445,382 | 4,493 | 386,095 | 2,129 | |||||||||||||||
Commercial, financial and agricultural | 90,911 | 101,130 | 14,666 | 111,802 | 1,261 | 104,894 | 503 | |||||||||||||||
Owner-occupied | 102,456 | 104,386 | 3,943 | 104,941 | 1,400 | 100,262 | 670 | |||||||||||||||
Small business | 9,532 | 9,532 | 444 | 8,034 | 112 | 9,027 | 97 | |||||||||||||||
Total commercial and industrial | 202,899 | 215,048 | 19,053 | 224,777 | 2,773 | 214,183 | 1,270 | |||||||||||||||
Home equity lines | 3,573 | 3,573 | 85 | 2,974 | 32 | 3,342 | 32 | |||||||||||||||
Consumer mortgages | 42,091 | 42,308 | 779 | 42,536 | 541 | 41,829 | 471 | |||||||||||||||
Credit cards | — | — | — | — | — | — | — | |||||||||||||||
Other retail | 5,517 | 5,517 | 97 | 4,753 | 141 | 5,275 | 85 | |||||||||||||||
Total retail | 51,181 | 51,398 | 961 | 50,263 | 714 | 50,446 | 588 | |||||||||||||||
Total impaired loans | $ | 585,494 | 692,369 | 41,484 | 720,422 | 7,980 | 650,724 | 3,987 | ||||||||||||||
Impaired Loans (including accruing TDRs) | ||||||||||||||||||||||
December 31, 2013 | Year Ended December 31, 2013 | |||||||||||||||||||||
(in thousands) | Recorded Investment | Unpaid Principal Balance | Related Allowance | Average Recorded Investment | Interest Income Recognized | |||||||||||||||||
With no related allowance recorded | ||||||||||||||||||||||
Investment properties | $ | 14,218 | 15,820 | — | 18,046 | — | ||||||||||||||||
1-4 family properties | 9,679 | 29,741 | — | 23,879 | — | |||||||||||||||||
Land acquisition | 30,595 | 78,470 | — | 41,007 | — | |||||||||||||||||
Total commercial real estate | 54,492 | 124,031 | — | 82,932 | — | |||||||||||||||||
Commercial, financial and agricultural | 13,490 | 22,312 | — | 15,355 | — | |||||||||||||||||
Owner-occupied | 24,839 | 32,626 | — | 22,556 | — | |||||||||||||||||
Small business | — | — | — | — | — | |||||||||||||||||
Total commercial and industrial | 38,329 | 54,938 | — | 37,911 | — | |||||||||||||||||
Home equity lines | — | — | — | 33 | — | |||||||||||||||||
Consumer mortgages | 1,180 | 2,840 | — | 1,487 | — | |||||||||||||||||
Credit cards | — | — | — | — | — | |||||||||||||||||
Other retail | — | — | — | 4 | — | |||||||||||||||||
Total retail | 1,180 | 2,840 | — | 1,524 | — | |||||||||||||||||
Total impaired loans with no | $ | 94,001 | 181,809 | — | 122,367 | — | ||||||||||||||||
related allowance recorded | ||||||||||||||||||||||
With allowance recorded | ||||||||||||||||||||||
Investment properties | $ | 186,058 | 193,765 | 8,863 | 226,987 | 5,062 | ||||||||||||||||
1-4 family properties | 115,063 | 117,410 | 11,126 | 115,614 | 3,464 | |||||||||||||||||
Land acquisition | 183,029 | 202,048 | 26,789 | 191,807 | 2,931 | |||||||||||||||||
Total commercial real estate | 484,150 | 513,223 | 46,778 | 534,408 | 11,457 | |||||||||||||||||
Commercial, financial and agricultural | 112,291 | 117,049 | 15,364 | 126,242 | 3,534 | |||||||||||||||||
Owner-occupied | 86,661 | 92,529 | 4,327 | 106,186 | 3,590 | |||||||||||||||||
Small business | 5,669 | 5,669 | 336 | 4,132 | 162 | |||||||||||||||||
Total commercial and industrial | 204,621 | 215,247 | 20,027 | 236,560 | 7,286 | |||||||||||||||||
Home equity lines | 2,750 | 2,750 | 116 | 4,668 | 176 | |||||||||||||||||
Consumer mortgages | 44,019 | 44,019 | 967 | 48,674 | 1,910 | |||||||||||||||||
Credit cards | — | — | — | — | — | |||||||||||||||||
Other retail | 7,013 | 7,013 | 109 | 5,555 | 285 | |||||||||||||||||
Total retail | 53,782 | 53,782 | 1,192 | 58,897 | 2,371 | |||||||||||||||||
Total impaired loans with | $ | 742,553 | 782,252 | 67,997 | 829,865 | 21,114 | ||||||||||||||||
allowance recorded | ||||||||||||||||||||||
Total impaired loans | ||||||||||||||||||||||
Investment properties | $ | 200,276 | 209,585 | 8,863 | 245,033 | 5,062 | ||||||||||||||||
1-4 family properties | 124,742 | 147,151 | 11,126 | 139,493 | 3,464 | |||||||||||||||||
Land acquisition | 213,624 | 280,518 | 26,789 | 232,814 | 2,931 | |||||||||||||||||
Total commercial real estate | 538,642 | 637,254 | 46,778 | 617,340 | 11,457 | |||||||||||||||||
Commercial, financial and agricultural | 125,781 | 139,361 | 15,364 | 141,597 | 3,534 | |||||||||||||||||
Owner-occupied | 111,500 | 125,155 | 4,327 | 128,742 | 3,590 | |||||||||||||||||
Small business | 5,669 | 5,669 | 336 | 4,132 | 162 | |||||||||||||||||
Total commercial and industrial | 242,950 | 270,185 | 20,027 | 274,471 | 7,286 | |||||||||||||||||
Home equity lines | 2,750 | 2,750 | 116 | 4,701 | 176 | |||||||||||||||||
Consumer mortgages | 45,199 | 46,859 | 967 | 50,161 | 1,910 | |||||||||||||||||
Credit cards | — | — | — | — | — | |||||||||||||||||
Other retail | 7,013 | 7,013 | 109 | 5,559 | 285 | |||||||||||||||||
Total retail | 54,962 | 56,622 | 1,192 | 60,421 | 2,371 | |||||||||||||||||
Total impaired loans | $ | 836,554 | 964,061 | 67,997 | 952,232 | 21,114 | ||||||||||||||||
Troubled Debt Restructurings | ' | |||||||||||||||||||||
The following tables represent, by concession type, the post-modification balance for loans modified or renewed during the six and three months ended June 30, 2014 and 2013 that were reported as accruing or non-accruing TDRs. | ||||||||||||||||||||||
TDRs by Concession Type | ||||||||||||||||||||||
Six Months Ended June 30, 2014 | ||||||||||||||||||||||
(in thousands, except contract data) | Number of Contracts | Principal Forgiveness | Below Market Interest Rate | Term Extensions and/or Other Concessions | Total | |||||||||||||||||
Investment properties | 6 | $ | — | 7,143 | 1,339 | 8,482 | ||||||||||||||||
1-4 family properties | 18 | — | 1,036 | 1,511 | 2,547 | |||||||||||||||||
Land acquisition | 11 | — | 4,282 | 2,042 | 6,324 | |||||||||||||||||
Total commercial real estate | 35 | — | 12,461 | 4,892 | 17,353 | |||||||||||||||||
Commercial, financial and agricultural | 13 | — | 4,070 | 9,242 | 13,312 | |||||||||||||||||
Owner-occupied | 9 | — | 19,315 | 14,151 | 33,466 | |||||||||||||||||
Small business | 46 | — | 1,746 | 5,071 | 6,817 | |||||||||||||||||
Total commercial and industrial | 68 | — | 25,131 | 28,464 | 53,595 | |||||||||||||||||
Home equity lines | 6 | — | 728 | 451 | 1,179 | |||||||||||||||||
Consumer mortgages | 8 | — | 1,753 | 103 | 1,856 | |||||||||||||||||
Credit cards | — | — | — | — | — | |||||||||||||||||
Other retail | 10 | — | 442 | 235 | 677 | |||||||||||||||||
Total retail | 24 | — | 2,923 | 789 | 3,712 | |||||||||||||||||
Total TDRs | 127 | $ | — | 40,515 | 34,145 | 74,660 | (1 | ) | ||||||||||||||
Three Months Ended June 30, 2014 | ||||||||||||||||||||||
(in thousands, except contract data) | Number of Contracts | Principal Forgiveness | Below Market Interest Rate | Term Extensions and/or Other Concessions | Total | |||||||||||||||||
Investment properties | 3 | $ | — | — | 1,019 | 1,019 | ||||||||||||||||
1-4 family properties | 14 | — | 903 | 425 | 1,328 | |||||||||||||||||
Land acquisition | 10 | — | 4,282 | 1,508 | 5,790 | |||||||||||||||||
Total commercial real estate | 27 | — | 5,185 | 2,952 | 8,137 | |||||||||||||||||
Commercial, financial and agricultural | 6 | — | 2,279 | 7,037 | 9,316 | |||||||||||||||||
Owner-occupied | 2 | — | 16,827 | 11,333 | 28,160 | |||||||||||||||||
Small business | 23 | — | 1,450 | 1,755 | 3,205 | |||||||||||||||||
Total commercial and industrial | 31 | — | 20,556 | 20,125 | 40,681 | |||||||||||||||||
Home equity lines | 4 | — | 487 | 405 | 892 | |||||||||||||||||
Consumer mortgages | 7 | — | 1,652 | 103 | 1,755 | |||||||||||||||||
Credit cards | — | — | — | — | ||||||||||||||||||
Other retail | 6 | — | 442 | 118 | 560 | |||||||||||||||||
Total retail | 17 | — | 2,581 | 626 | 3,207 | |||||||||||||||||
Total TDRs | 75 | $ | — | 28,322 | 23,703 | 52,025 | (2 | ) | ||||||||||||||
(1) No net charge-offs were recorded during the six months ended June 30, 2014 upon restructuring of these loans. | ||||||||||||||||||||||
(2) No net charge-offs were recorded during the three months ended June 30, 2014 upon restructuring of these loans. | ||||||||||||||||||||||
TDRs by Concession Type | ||||||||||||||||||||||
Six Months Ended June 30, 2013 | ||||||||||||||||||||||
(in thousands, except contract data) | Number of Contracts | Principal Forgiveness | Below Market Interest Rate | Term Extensions and/or Other Concessions | Total | |||||||||||||||||
Investment properties | 31 | $ | — | 47,152 | 4,372 | 51,524 | ||||||||||||||||
1-4 family properties | 58 | 424 | 24,031 | 6,496 | 30,951 | |||||||||||||||||
Land acquisition | 16 | 74 | 5,332 | 7,231 | 12,637 | |||||||||||||||||
Total commercial real estate | 105 | 498 | 76,515 | 18,099 | 95,112 | |||||||||||||||||
Commercial, financial and agricultural | 57 | 183 | 17,907 | 8,990 | 27,080 | |||||||||||||||||
Owner-occupied | 27 | — | 15,620 | 14,335 | 29,955 | |||||||||||||||||
Small business | 24 | — | 917 | 1,608 | 2,525 | |||||||||||||||||
Total commercial and industrial | 108 | 183 | 34,444 | 24,933 | 59,560 | |||||||||||||||||
Home equity lines | 1 | — | — | 80 | 80 | |||||||||||||||||
Consumer mortgages | 84 | — | 7,124 | 3,038 | 10,162 | |||||||||||||||||
Credit cards | — | — | — | — | — | |||||||||||||||||
Other retail | 38 | — | 460 | 1,028 | 1,488 | |||||||||||||||||
Total retail | 123 | — | 7,584 | 4,146 | 11,730 | |||||||||||||||||
Total TDRs | 336 | $ | 681 | 118,543 | 47,178 | 166,402 | (1 | ) | ||||||||||||||
Three Months Ended June 30, 2013 | ||||||||||||||||||||||
(in thousands, except contract data) | Number of Contracts | Principal Forgiveness | Below Market Interest Rate | Term Extensions and/or Other Concessions | Total | |||||||||||||||||
Investment properties | 17 | $ | — | 31,375 | 2,258 | 33,633 | ||||||||||||||||
1-4 family properties | 21 | — | 17,067 | 2,312 | 19,379 | |||||||||||||||||
Land acquisition | 6 | — | 1,353 | 6,902 | 8,255 | |||||||||||||||||
Total commercial real estate | 44 | — | 49,795 | 11,472 | 61,267 | |||||||||||||||||
Commercial, financial and agricultural | 30 | — | 9,430 | 7,253 | 16,683 | |||||||||||||||||
Owner-occupied | 10 | — | 10,337 | 11,881 | 22,218 | |||||||||||||||||
Small business | 11 | — | 30 | 934 | 964 | |||||||||||||||||
Total commercial and industrial | 51 | — | 19,797 | 20,068 | 39,865 | |||||||||||||||||
Home equity lines | — | — | — | — | — | |||||||||||||||||
Consumer mortgages | 38 | — | 2,204 | 435 | 2,639 | |||||||||||||||||
Credit cards | — | — | — | — | — | |||||||||||||||||
Other retail | 14 | — | 88 | 362 | 450 | |||||||||||||||||
Total retail | 52 | — | 2,292 | 797 | 3,089 | |||||||||||||||||
Total TDRs | 147 | $ | — | 71,884 | 32,337 | 104,221 | (2 | ) | ||||||||||||||
(1) Net charge-offs of $53 thousand were recorded during the six months ended June 30, 2013 upon restructuring of these loans. | ||||||||||||||||||||||
(2) No net charge-offs were recorded during the three months ended June 30, 2013 upon restructuring of these loans. | ||||||||||||||||||||||
Troubled Debt Restructurings that Subsequently Defaulted | ' | |||||||||||||||||||||
The following table presents TDRs that defaulted in the periods indicated and which were modified or renewed in a TDR within 12 months of the default date. | ||||||||||||||||||||||
Troubled Debt Restructurings Entered Into That Subsequently Defaulted* During | ||||||||||||||||||||||
Six Months Ended June 30, 2014 | Three Months Ended June 30, 2014 | |||||||||||||||||||||
(in thousands, except contract data) | Number of | Recorded | Number of | Recorded | ||||||||||||||||||
Contracts | Investment | Contracts | Investment | |||||||||||||||||||
Investment properties | 1 | $ | 186 | — | $ | — | ||||||||||||||||
1-4 family properties | 3 | 1,018 | 3 | 1,018 | ||||||||||||||||||
Land acquisition | 1 | 428 | 1 | 428 | ||||||||||||||||||
Total commercial real estate | 5 | 1,632 | 4 | 1,446 | ||||||||||||||||||
Commercial, financial and agricultural | 2 | 1,378 | 1 | 856 | ||||||||||||||||||
Owner-occupied | — | — | — | — | ||||||||||||||||||
Small business | — | — | — | — | ||||||||||||||||||
Total commercial and industrial | 2 | 1,378 | 1 | 856 | ||||||||||||||||||
Home equity lines | — | — | — | — | ||||||||||||||||||
Consumer mortgages | 1 | 70 | 1 | 70 | ||||||||||||||||||
Credit cards | — | — | — | — | ||||||||||||||||||
Other retail | — | — | — | — | ||||||||||||||||||
Total retail | 1 | 70 | 1 | 70 | ||||||||||||||||||
Total TDRs | 8 | $ | 3,080 | 6 | $ | 2,372 | ||||||||||||||||
* Default is defined as the earlier of the troubled debt restructuring being placed on non-accrual status or reaching 90 days past due with respect to principal and/or interest payments. | ||||||||||||||||||||||
Troubled Debt Restructurings Entered Into That Subsequently Defaulted* During | ||||||||||||||||||||||
Six Months Ended June 30, 2013 | Three Months Ended June 30, 2013 | |||||||||||||||||||||
(in thousands, except contract data) | Number of | Recorded | Number of | Recorded | ||||||||||||||||||
Contracts | Investment | Contracts | Investment | |||||||||||||||||||
Investment properties | 2 | $ | 4,519 | — | $ | — | ||||||||||||||||
1-4 family properties | 8 | 10,754 | 6 | 1,809 | ||||||||||||||||||
Land acquisition | 1 | 126 | 1 | 125 | ||||||||||||||||||
Total commercial real estate | 11 | 15,399 | 7 | 1,934 | ||||||||||||||||||
Commercial, financial and agricultural | 2 | 389 | 1 | 119 | ||||||||||||||||||
Owner-occupied | 2 | 924 | 1 | 68 | ||||||||||||||||||
Small business | 1 | 20 | 1 | 20 | ||||||||||||||||||
Total commercial and industrial | 5 | 1,333 | 3 | 207 | ||||||||||||||||||
Home equity lines | — | — | — | — | ||||||||||||||||||
Consumer mortgages | 13 | 978 | 3 | 420 | ||||||||||||||||||
Credit cards | — | — | — | — | ||||||||||||||||||
Other retail | 1 | 195 | — | — | ||||||||||||||||||
Total retail | 14 | 1,173 | 3 | 420 | ||||||||||||||||||
Total TDRs | 30 | $ | 17,905 | 13 | $ | 2,561 | ||||||||||||||||
Other_Comprehensive_Income_Tab
Other Comprehensive Income (Tables) | 6 Months Ended | ||||||||||||
Jun. 30, 2014 | |||||||||||||
Equity [Abstract] | ' | ||||||||||||
Schedule of Changes in Accumulated Other Comprehensive Income (Loss) by Component (Net of Income Taxes) | ' | ||||||||||||
The following table illustrates activity within the balances in accumulated other comprehensive income (loss) by component, and is shown for the six and three months ended June 30, 2014 and 2013. | |||||||||||||
Changes in Accumulated Other Comprehensive Income (Loss) by Component (Net of Income Taxes) | |||||||||||||
(in thousands) | Net unrealized gains (losses) on cash flow hedges | Net unrealized gains (losses) on investment securities available for sale | Post-retirement unfunded health benefit | Total | |||||||||
Balance as of December 31, 2013 | $ | (13,099 | ) | (28,936 | ) | 777 | (41,258 | ) | |||||
Other comprehensive income before reclassifications | — | 28,068 | 243 | 28,311 | |||||||||
Amounts reclassified from accumulated other comprehensive income (loss) | 137 | (818 | ) | (88 | ) | (769 | ) | ||||||
Net current period other comprehensive income (loss) | 137 | 27,250 | 155 | 27,542 | |||||||||
Balance as of June 30, 2014 | $ | (12,962 | ) | (1,686 | ) | 932 | (13,716 | ) | |||||
Balance as of April 1, 2014 | $ | (13,030 | ) | (18,166 | ) | 733 | (30,463 | ) | |||||
Other comprehensive income before reclassifications | — | 16,480 | 243 | 16,723 | |||||||||
Amounts reclassified from accumulated other comprehensive income (loss) | 68 | — | (44 | ) | 24 | ||||||||
Net current period other comprehensive income (loss) | 68 | 16,480 | 199 | 16,747 | |||||||||
Balance as of June 30, 2014 | $ | (12,962 | ) | (1,686 | ) | 932 | (13,716 | ) | |||||
Changes in Accumulated Other Comprehensive Income (Loss) by Component (Net of Income Taxes) | |||||||||||||
(in thousands) | Net unrealized gains (losses) on cash flow hedges | Net unrealized gains (losses) on investment securities available for sale | Post-retirement unfunded health benefit | Total | |||||||||
Balance as of December 31, 2012 | $ | (13,373 | ) | 17,111 | 363 | 4,101 | |||||||
Other comprehensive income (loss) before reclassifications | — | (36,909 | ) | 519 | (36,390 | ) | |||||||
Amounts reclassified from accumulated other comprehensive income (loss) | 136 | (891 | ) | (16 | ) | (771 | ) | ||||||
Net current period other comprehensive income (loss) | 136 | (37,800 | ) | 503 | (37,161 | ) | |||||||
Balance as of June 30, 2013 | $ | (13,237 | ) | (20,689 | ) | 866 | (33,060 | ) | |||||
Balance as of April 1, 2013 | $ | (13,304 | ) | 15,751 | 340 | 2,787 | |||||||
Other comprehensive income (loss) before reclassifications | — | (35,578 | ) | 519 | (35,059 | ) | |||||||
Amounts reclassified from accumulated other comprehensive income (loss) | 67 | (862 | ) | 7 | (788 | ) | |||||||
Net current period other comprehensive income (loss) | 67 | (36,440 | ) | 526 | (35,847 | ) | |||||||
Balance as of June 30, 2013 | $ | (13,237 | ) | (20,689 | ) | 866 | (33,060 | ) | |||||
Schedule of Reclassifications out of Accumulated Other Comprehensive Income (Loss) | ' | ||||||||||||
The following table illustrates activity within the reclassifications out of accumulated other comprehensive income (loss), for the six and three months ended June 30, 2014 and 2013. | |||||||||||||
Reclassifications out of Accumulated Other Comprehensive Income (Loss) | |||||||||||||
For the Six Months Ended June 30, 2014 | |||||||||||||
Details about accumulated other comprehensive income (loss) components | Amount reclassified from accumulated other comprehensive income (loss) | Affected line item in the statement where net income is presented | |||||||||||
Net unrealized gains (losses) on cash flow hedges: | |||||||||||||
Amortization of deferred losses | $ | (224 | ) | Interest expense | |||||||||
87 | Income tax (expense) benefit | ||||||||||||
$ | (137 | ) | Reclassifications, net of income taxes | ||||||||||
Net unrealized gains (losses) on investment securities available for sale: | |||||||||||||
Realized gain on sale of securities | $ | 1,331 | Investment securities gains, net | ||||||||||
(513 | ) | Income tax (expense) benefit | |||||||||||
$ | 818 | Reclassifications, net of income taxes | |||||||||||
Post-retirement unfunded health benefit: | |||||||||||||
Amortization of actuarial gains | $ | 144 | Salaries and other personnel expense | ||||||||||
(56 | ) | Income tax (expense) benefit | |||||||||||
$ | 88 | Reclassifications, net of income taxes | |||||||||||
Reclassifications out of Accumulated Other Comprehensive Income (Loss) | |||||||||||||
For the Three Months Ended June 30, 2014 | |||||||||||||
Details about accumulated other comprehensive income (loss) components | Amount reclassified from accumulated other comprehensive income (loss) | Affected line item in the statement where net income is presented | |||||||||||
Net unrealized gains (losses) on cash flow hedges: | |||||||||||||
Amortization of deferred losses | $ | (112 | ) | Interest expense | |||||||||
44 | Income tax (expense) benefit | ||||||||||||
$ | (68 | ) | Reclassifications, net of income taxes | ||||||||||
Net unrealized gains (losses) on investment securities available for sale: | |||||||||||||
Realized gain on sale of securities | $ | — | Investment securities gains, net | ||||||||||
— | Income tax (expense) benefit | ||||||||||||
$ | — | Reclassifications, net of income taxes | |||||||||||
Post-retirement unfunded health benefit: | |||||||||||||
Amortization of actuarial gains | $ | 72 | Salaries and other personnel expense | ||||||||||
(28 | ) | Income tax (expense) benefit | |||||||||||
$ | 44 | Reclassifications, net of income taxes | |||||||||||
Reclassifications out of Accumulated Other Comprehensive Income (Loss) | |||||||||||||
For the Six Months Ended June 30, 2013 | |||||||||||||
Details about accumulated other comprehensive income (loss) components | Amount reclassified from accumulated other comprehensive income (loss) | Affected line item in the statement where net income is presented | |||||||||||
Net unrealized gains (losses) on cash flow hedges: | |||||||||||||
Amortization of deferred losses | $ | (224 | ) | Interest expense | |||||||||
88 | Income tax (expense) benefit | ||||||||||||
$ | (136 | ) | Reclassifications, net of income taxes | ||||||||||
Net unrealized gains (losses) on investment securities available for sale: | |||||||||||||
Realized gain on sale of securities | $ | 1,448 | Investment securities gains, net | ||||||||||
(557 | ) | Income tax (expense) benefit | |||||||||||
$ | 891 | Reclassifications, net of income taxes | |||||||||||
Post-retirement unfunded health benefit: | |||||||||||||
Amortization of actuarial gains | $ | 26 | Salaries and other personnel expense | ||||||||||
(10 | ) | Income tax (expense) benefit | |||||||||||
$ | 16 | Reclassifications, net of income taxes | |||||||||||
Reclassifications out of Accumulated Other Comprehensive Income (Loss) | |||||||||||||
For the Three Months Ended June 30, 2013 | |||||||||||||
Details about accumulated other comprehensive income (loss) components | Amount reclassified from accumulated other comprehensive income (loss) | Affected line item in the statement where net income is presented | |||||||||||
Net unrealized gains (losses) on cash flow hedges: | |||||||||||||
Amortization of deferred losses | $ | (112 | ) | Interest expense | |||||||||
45 | Income tax (expense) benefit | ||||||||||||
$ | (67 | ) | Reclassifications, net of income taxes | ||||||||||
Net unrealized gains (losses) on investment securities available for sale: | |||||||||||||
Realized gain on sale of securities | $ | 1,403 | Investment securities gains, net | ||||||||||
(541 | ) | Income tax (expense) benefit | |||||||||||
$ | 862 | Reclassifications, net of income taxes | |||||||||||
Post-retirement unfunded health benefit: | |||||||||||||
Amortization of actuarial gains | $ | — | Salaries and other personnel expense | ||||||||||
(7 | ) | Income tax (expense) benefit | |||||||||||
$ | (7 | ) | Reclassifications, net of income taxes | ||||||||||
Fair_Value_Accounting_Tables
Fair Value Accounting (Tables) | 6 Months Ended | ||||||||||||||||||||||||
Jun. 30, 2014 | |||||||||||||||||||||||||
Fair Value Disclosures [Abstract] | ' | ||||||||||||||||||||||||
Financial Instruments Measured at Fair Value on Recurring Basis | ' | ||||||||||||||||||||||||
The following table presents all financial instruments measured at fair value on a recurring basis as of June 30, 2014 and December 31, 2013, according to the valuation hierarchy included in ASC 820-10. For equity and debt securities, class was determined based on the nature and risks of the investments. | |||||||||||||||||||||||||
June 30, 2014 | |||||||||||||||||||||||||
(in thousands) | Level 1 | Level 2 | Level 3 | Total Assets and Liabilities at Fair Value | |||||||||||||||||||||
Assets | |||||||||||||||||||||||||
Trading securities: | |||||||||||||||||||||||||
Mortgage-backed securities issued by U.S. Government agencies | $ | — | 6,305 | — | 6,305 | ||||||||||||||||||||
Collateralized mortgage obligations issued by | — | 1,900 | — | 1,900 | |||||||||||||||||||||
U.S. Government sponsored enterprises | |||||||||||||||||||||||||
State and municipal securities | — | 744 | — | 744 | |||||||||||||||||||||
All other mortgage-backed | — | 3,755 | — | 3,755 | |||||||||||||||||||||
securities | |||||||||||||||||||||||||
Other investments | — | 7,614 | — | 7,614 | |||||||||||||||||||||
Total trading securities | $ | — | 20,318 | — | 20,318 | ||||||||||||||||||||
Mortgage loans held for sale | — | 75,957 | — | 75,957 | |||||||||||||||||||||
Investment securities available for sale: | |||||||||||||||||||||||||
U.S. Treasury securities | 17,793 | — | — | 17,793 | |||||||||||||||||||||
U.S. Government agency securities | — | 34,292 | — | 34,292 | |||||||||||||||||||||
Securities issued by U.S. Government sponsored enterprises | — | 112,809 | — | 112,809 | |||||||||||||||||||||
Mortgage-backed securities issued by U.S. Government agencies | — | 174,378 | — | 174,378 | |||||||||||||||||||||
Mortgage-backed securities issued by U.S. Government sponsored enterprises | — | 2,338,295 | — | 2,338,295 | |||||||||||||||||||||
Collateralized mortgage obligations issued by U.S. Government agencies or sponsored enterprises | — | 386,473 | — | 386,473 | |||||||||||||||||||||
State and municipal securities | — | 5,429 | — | 5,429 | |||||||||||||||||||||
Equity securities | 6,953 | — | — | 6,953 | |||||||||||||||||||||
Other investments(1) | 1,897 | — | 1,866 | 3,763 | |||||||||||||||||||||
Total investment securities available for sale | $ | 26,643 | 3,051,676 | 1,866 | 3,080,185 | ||||||||||||||||||||
Private equity investments | — | 1,258 | 27,376 | 28,634 | |||||||||||||||||||||
Mutual funds held in Rabbi Trusts | 11,349 | — | — | 11,349 | |||||||||||||||||||||
Derivative assets: | |||||||||||||||||||||||||
Interest rate contracts | — | 34,476 | — | 34,476 | |||||||||||||||||||||
Mortgage derivatives(2) | — | 1,889 | — | 1,889 | |||||||||||||||||||||
Total derivative assets | $ | — | 36,365 | — | 36,365 | ||||||||||||||||||||
Liabilities | |||||||||||||||||||||||||
Trading account liabilities | — | 7,309 | — | 7,309 | |||||||||||||||||||||
Salary stock units | 465 | — | — | 465 | |||||||||||||||||||||
Derivative liabilities: | |||||||||||||||||||||||||
Interest rate contracts | — | 35,046 | — | 35,046 | |||||||||||||||||||||
Mortgage derivatives(2) | — | 1,122 | — | 1,122 | |||||||||||||||||||||
Visa derivative | — | — | 2,438 | 2,438 | |||||||||||||||||||||
Total derivative liabilities | $ | — | 36,168 | 2,438 | 38,606 | ||||||||||||||||||||
December 31, 2013 | |||||||||||||||||||||||||
(in thousands) | Level 1 | Level 2 | Level 3 | Total Assets and Liabilities at Fair Value | |||||||||||||||||||||
Assets | |||||||||||||||||||||||||
Trading securities: | |||||||||||||||||||||||||
Collateralized mortgage obligations issued by U.S. Government sponsored enterprises | — | 2,465 | — | 2,465 | |||||||||||||||||||||
State and municipal securities | — | 429 | — | 429 | |||||||||||||||||||||
All other mortgage-backed securities | — | 968 | — | 968 | |||||||||||||||||||||
Other investments | — | 2,251 | — | 2,251 | |||||||||||||||||||||
Total trading securities | $ | — | 6,113 | — | 6,113 | ||||||||||||||||||||
Mortgage loans held for sale | — | 45,384 | — | 45,384 | |||||||||||||||||||||
Investment securities available for sale: | |||||||||||||||||||||||||
U.S. Treasury securities | 17,791 | — | — | 17,791 | |||||||||||||||||||||
U.S. Government agency securities | — | 34,641 | — | 34,641 | |||||||||||||||||||||
Securities issued by U.S. Government sponsored enterprises | — | 113,745 | — | 113,745 | |||||||||||||||||||||
Mortgage-backed securities issued by U.S. Government agencies | — | 195,117 | — | 195,117 | |||||||||||||||||||||
Mortgage-backed securities issued by U.S. Government sponsored enterprises | — | 2,421,360 | — | 2,421,360 | |||||||||||||||||||||
Collateralized mortgage obligations issued by U.S. Government agencies or sponsored enterprises | — | 398,540 | — | 398,540 | |||||||||||||||||||||
State and municipal securities | — | 6,889 | — | 6,889 | |||||||||||||||||||||
Equity securities | 6,956 | — | 628 | 7,584 | |||||||||||||||||||||
Other investments(1) | 1,969 | — | 1,722 | 3,691 | |||||||||||||||||||||
Total investment securities available for sale | $ | 26,716 | 3,170,292 | 2,350 | 3,199,358 | ||||||||||||||||||||
Private equity investments | — | 1,615 | 27,745 | 29,360 | |||||||||||||||||||||
Mutual funds held in Rabbi Trusts | 11,246 | — | — | 11,246 | |||||||||||||||||||||
Derivative assets: | |||||||||||||||||||||||||
Interest rate contracts | — | 38,482 | — | 38,482 | |||||||||||||||||||||
Mortgage derivatives(2) | — | 1,522 | — | 1,522 | |||||||||||||||||||||
Total derivative assets | $ | — | 40,004 | — | 40,004 | ||||||||||||||||||||
Liabilities | |||||||||||||||||||||||||
Trading account liabilities | — | 1,763 | — | 1,763 | |||||||||||||||||||||
Salary stock units | 1,764 | — | — | 1,764 | |||||||||||||||||||||
Derivative liabilities: | |||||||||||||||||||||||||
Interest rate contracts | — | 39,436 | — | 39,436 | |||||||||||||||||||||
Visa derivative | — | — | 2,706 | 2,706 | |||||||||||||||||||||
Total derivative liabilities | $ | — | 39,436 | 2,706 | 42,142 | ||||||||||||||||||||
(1) Based on an analysis of the nature and risks of these investments, Synovus has determined that presenting these investments as a single asset class is appropriate. | |||||||||||||||||||||||||
(2) Mortgage derivatives consist of customer interest rate lock commitments that relate to the potential origination of mortgage loans, which would be classified as held for sale and forward loan sales commitments with third party investors. | |||||||||||||||||||||||||
Changes in Fair Value Included in Consolidated Statements of Income | ' | ||||||||||||||||||||||||
The following table summarizes the difference between the fair value and the unpaid principal balance of mortgage loans held for sale measured at fair value and the changes in fair value of these loans. Mortgage loans held for sale are initially measured at fair value with subsequent changes in fair value recognized in earnings. Changes in fair value were recorded as a component of mortgage banking income in the consolidated statements of income. An immaterial portion of these changes in fair value was attributable to changes in instrument-specific credit risk. | |||||||||||||||||||||||||
Changes in Fair Value Included in Net Income | |||||||||||||||||||||||||
For the Six Months Ended June 30, | For the Three Months Ended June 30, | ||||||||||||||||||||||||
(in thousands) | 2014 | 2013 | 2014 | 2013 | |||||||||||||||||||||
Mortgage loans held for sale | $ | 1,781 | (7,930 | ) | 1,057 | (5,171 | ) | ||||||||||||||||||
Mortgage Loans Held for Sale | |||||||||||||||||||||||||
(in thousands) | As of June 30, 2014 | As of December 31, 2013 | |||||||||||||||||||||||
Fair value | $ | 75,957 | 45,384 | ||||||||||||||||||||||
Unpaid principal balance | 73,735 | 44,943 | |||||||||||||||||||||||
Fair value less aggregate unpaid principal balance | $ | 2,222 | 441 | ||||||||||||||||||||||
Changes in Level 3 Fair Value Measurements | ' | ||||||||||||||||||||||||
Six Months Ended June 30, | |||||||||||||||||||||||||
2014 | 2013 | ||||||||||||||||||||||||
(in thousands) | Investment Securities Available for Sale | Private Equity Investments | Other Derivative | Investment Securities Available for Sale | Private Equity Investments | Other Derivative | |||||||||||||||||||
Contracts, Net | Contracts, Net | ||||||||||||||||||||||||
Beginning balance, January 1, | $ | 2,350 | 27,745 | (2,706 | ) | $3,178 | 30,708 | (2,956 | ) | ||||||||||||||||
Total gains (losses) realized/unrealized: | |||||||||||||||||||||||||
Included in earnings* | (88 | ) | (369 | ) | (752 | ) | — | (1,140 | ) | (801 | ) | ||||||||||||||
Unrealized gains (losses) included in other comprehensive income | 144 | — | — | 276 | — | — | |||||||||||||||||||
Purchases | — | — | — | — | — | ||||||||||||||||||||
Sales | — | — | — | — | — | — | |||||||||||||||||||
Issuances | — | — | — | — | — | — | |||||||||||||||||||
Settlements | (540 | ) | — | 1,020 | — | — | 780 | ||||||||||||||||||
Amortization of discount/premium | — | — | — | — | — | ||||||||||||||||||||
Transfers in and/or out of Level 3 | — | — | — | — | — | — | |||||||||||||||||||
Ending balance, June 30, | $ | 1,866 | 27,376 | (2,438 | ) | 3,454 | 29,568 | (2,977 | ) | ||||||||||||||||
Total net gains (losses) for the six months included in earnings attributable to the change in unrealized gains (losses) relating to assets and liabilities still held at June 30, | $ | (88 | ) | (369 | ) | (752 | ) | — | (1,140 | ) | (801 | ) | |||||||||||||
* Included in earnings as a component of non-interest income (expense). | |||||||||||||||||||||||||
Three Months Ended June 30, | |||||||||||||||||||||||||
2014 | 2013 | ||||||||||||||||||||||||
(in thousands) | Investment Securities Available for Sale | Private Equity Investments | Other Derivative | Investment Securities Available for Sale | Private Equity Investments | Other Derivative | |||||||||||||||||||
Contracts, Net | Contracts, Net | ||||||||||||||||||||||||
Beginning balance, April 1, | $ | 2,399 | 27,495 | (2,525 | ) | 3,312 | 30,451 | (2,610 | ) | ||||||||||||||||
Total gains (losses) realized/unrealized: | |||||||||||||||||||||||||
Included in earnings* | — | (119 | ) | (356 | ) | — | (883 | ) | (764 | ) | |||||||||||||||
Unrealized gains (losses) included in other comprehensive income | 7 | — | — | 142 | — | — | |||||||||||||||||||
Purchases | — | — | — | — | — | — | |||||||||||||||||||
Sales | — | — | — | — | — | — | |||||||||||||||||||
Issuances | — | — | — | — | — | — | |||||||||||||||||||
Settlements | (540 | ) | — | 443 | — | — | 397 | ||||||||||||||||||
Amortization of discount/premium | — | — | — | — | — | — | |||||||||||||||||||
Transfers in and/or out of Level 3 | — | — | — | — | — | — | |||||||||||||||||||
Ending balance, June 30, | $ | 1,866 | 27,376 | (2,438 | ) | 3,454 | 29,568 | (2,977 | ) | ||||||||||||||||
Total net gains (losses) for the three months included in earnings attributable to the change in unrealized gains (losses) relating to assets and liabilities still held at June 30, | $ | — | (119 | ) | (356 | ) | — | (883 | ) | (764 | ) | ||||||||||||||
* Included in earnings as a component of non-interest income (expense). | |||||||||||||||||||||||||
Assets and Liabilities Measured at Fair Value on Non-Recurring Basis | ' | ||||||||||||||||||||||||
June 30, 2014 | December 31, 2013 | ||||||||||||||||||||||||
(in thousands) | Level 1 | Level 2 | Level 3 | Total | Level 1 | Level 2 | Level 3 | Total | |||||||||||||||||
Impaired loans* | $ | — | — | 11,190 | 11,190 | — | — | 170,693 | 170,693 | ||||||||||||||||
Other loans held for sale | — | — | 2,045 | 2,045 | — | — | 9,670 | 9,670 | |||||||||||||||||
Other real estate | — | — | 18,746 | 18,746 | — | — | 50,070 | 50,070 | |||||||||||||||||
Other assets held for sale | $ | — | — | 5,394 | 5,394 | — | — | 4,945 | 4,945 | ||||||||||||||||
Assets Measured at Fair Value on a Nonrecurring Basis | ' | ||||||||||||||||||||||||
The following table presents fair value adjustments recognized for the six and three months ended June 30, 2014 and 2013 for the assets measured at fair value on a non-recurring basis. | |||||||||||||||||||||||||
Six Months Ended June 30, | Three Months Ended June 30, | ||||||||||||||||||||||||
(in thousands) | 2014 | 2013 | 2014 | 2013 | |||||||||||||||||||||
Impaired loans* | $ | 8,144 | 30,152 | $ | 5,542 | 10,184 | |||||||||||||||||||
Other loans held for sale | 1,631 | 3,546 | 1,631 | 3,315 | |||||||||||||||||||||
Other real estate | 3,229 | 4,513 | 654 | 363 | |||||||||||||||||||||
Other assets held for sale | $ | 7,508 | 170 | $ | 7,508 | — | |||||||||||||||||||
* Impaired loans that are collateral-dependent. | |||||||||||||||||||||||||
Fair Value Inputs, Assets, Quantitative Information | ' | ||||||||||||||||||||||||
June 30, 2014 | |||||||||||||||||||||||||
(dollars in thousands) | Level 3 Fair Value | Valuation Technique | Significant Unobservable Input | Range | |||||||||||||||||||||
(Weighted Average)(1) | |||||||||||||||||||||||||
Assets measured at fair | |||||||||||||||||||||||||
value on a recurring basis | |||||||||||||||||||||||||
Investment Securities Available for Sale: | |||||||||||||||||||||||||
Other Investments: | |||||||||||||||||||||||||
Trust preferred securities | 1,866 | Discounted cash flow analysis | Credit spread embedded in discount rate | 400-490 bps (445 bps) | |||||||||||||||||||||
Discount for lack of marketability(2) | 0%-10% (0%) | ||||||||||||||||||||||||
Private equity investments | 27,376 | Individual analysis of each investee company | Multiple factors, including but not limited to, current operations, financial condition, cash flows, evaluation of business management and financial plans, and recently executed financing transactions related to the investee companies (2) | N/A | |||||||||||||||||||||
Visa derivative liability | 2,438 | Internal valuation | Management's estimate of the timing and amount of the Covered Litigation settlement, and the resulting payments due to the counterparty under the terms of the contract. | $400 thousand to $2.4 million ($2.4 million) | |||||||||||||||||||||
June 30, 2014 | |||||||||||||||||||||||||
(dollars in thousands) | Level 3 Fair Value | Valuation Technique | Significant Unobservable Input | Range | |||||||||||||||||||||
(Weighted Average)(1) | |||||||||||||||||||||||||
Assets measured at fair | |||||||||||||||||||||||||
value on a non-recurring basis | |||||||||||||||||||||||||
Collateral dependent impaired loans | $ | 11,190 | Third party appraised value of collateral less estimated selling costs | Discount to appraised value (3) | 0% - 79% (42%) | ||||||||||||||||||||
Estimated selling costs | 0% - 10% (7%) | ||||||||||||||||||||||||
Other loans held for sale | 2,045 | Third party appraised value of collateral less estimated selling costs | Discount to appraised value (3) | 0% - 19% (19%) | |||||||||||||||||||||
Estimated selling costs | 0% - 10% (7%) | ||||||||||||||||||||||||
Other real estate | 18,746 | Third party appraised value of collateral less estimated selling costs | Discount to appraised value (3) | 0% - 4% (2%) | |||||||||||||||||||||
Estimated selling costs | 0% - 10% (7%) | ||||||||||||||||||||||||
Other assets held for sale | 5,394 | Third party appraised value of collateral less estimated selling costs or BOV | Discount to appraised value (3) | 9%-80% (55%) | |||||||||||||||||||||
Estimated selling costs | 0%-10% (10%) | ||||||||||||||||||||||||
(1) The range represents management's best estimate of the high and low of the value that would be assigned to a particular input. For assets measured at fair value on a non-recurring basis, the weighted average is the measure of central tendencies; it is not the value that management is using for the asset or liability. | |||||||||||||||||||||||||
(2) Represents management's estimate of discount that market participants would require based on the instrument's lack of liquidity. | |||||||||||||||||||||||||
(3) Synovus also makes adjustments to the values of the assets listed above for various reasons, including age of the appraisal, information known by management about the property, such as occupancy rates, changes to the physical conditions of the property, and other factors. | |||||||||||||||||||||||||
December 31, 2013 | |||||||||||||||||||||||||
(dollars in thousands) | Level 3 Fair Value | Valuation Technique | Significant Unobservable Input | Range (Weighted Average)(1) | |||||||||||||||||||||
Assets measured at fair | |||||||||||||||||||||||||
value on a recurring basis | |||||||||||||||||||||||||
Investment Securities Available for Sale: | |||||||||||||||||||||||||
Equity securities | $ | 628 | Individual analysis of each investment | Multiple data points, including, but not limited to evaluation of past and projected business performance | N/A(4) | ||||||||||||||||||||
Other Investments: | |||||||||||||||||||||||||
Trust preferred securities | 1,722 | Discounted cash flow analysis | Credit spread embedded in discount rate | 400-480 bps (441 bps) | |||||||||||||||||||||
Discount for lack of marketability(2) | 0%-10% (0%) | ||||||||||||||||||||||||
Private equity investments | 27,745 | Individual analysis of each investee company | Multiple factors, including but not limited to, current operations, financial condition, cash flows, evaluation of business management and financial plans, and recently executed company transactions related to the investee companies (2) | N/A | |||||||||||||||||||||
Visa derivative liability | 2,706 | Internal valuation | Management's estimate of the timing and amount of the Covered Litigation settlement, and the resulting payments due to the counterparty under the terms of the contract. | $400 thousand to $2.7 million ($2.7 million) | |||||||||||||||||||||
December 31, 2013 | |||||||||||||||||||||||||
(dollars in thousands) | Level 3 Fair Value | Valuation Technique | Significant Unobservable Input | Range | |||||||||||||||||||||
(Weighted Average)(1) | |||||||||||||||||||||||||
Assets measured at fair | |||||||||||||||||||||||||
value on a non-recurring basis | |||||||||||||||||||||||||
Collateral dependent impaired loans | $ | 170,693 | Third party appraised value of collateral less estimated selling costs | Discount to appraised value (3) | 0%-65% (25%) | ||||||||||||||||||||
Estimated selling costs | 0%-10% (7%) | ||||||||||||||||||||||||
Other loans held for sale | 9,670 | Third party appraised value of collateral less estimated selling costs | Discount to appraised value (3) | 0%-12% (4%) | |||||||||||||||||||||
Estimated selling costs | 0%-10% (7%) | ||||||||||||||||||||||||
Other real estate | 50,070 | Third party appraised value of collateral less estimated selling costs | Discount to appraised value (3) | 0%-7% (2%) | |||||||||||||||||||||
Estimated selling costs | 0%-10% (7%) | ||||||||||||||||||||||||
Other assets held for sale | 4,945 | Third party appraised value of collateral less estimated selling costs or BOV | Discount to appraised value (3) | 5%-36% (20%) | |||||||||||||||||||||
Estimated selling costs | 0%-10% (7%) | ||||||||||||||||||||||||
(1) The range represents management's best estimate of the high and low of the value that would be assigned to a particular input. For assets measured at fair value on a non-recurring basis, the weighted average is the measure of central tendencies; it is not the value that management is using for the asset or liability. | |||||||||||||||||||||||||
(2) Represents management's estimate of discount that market participants would require based on the instrument's lack of liquidity. | |||||||||||||||||||||||||
(3) Synovus also makes adjustments to the values of the assets listed above for various reasons, including age of the appraisal, information known by management about the property, such as occupancy rates, changes to the physical conditions of the property, and other factors. | |||||||||||||||||||||||||
(4) The range has not been disclosed due to the wide range of possible values given the methodology used. | |||||||||||||||||||||||||
Carrying and Estimated Fair Values of Financial Instruments Carried on Balance Sheet | ' | ||||||||||||||||||||||||
The carrying and estimated fair values of financial instruments, as well as the level within the fair value hierarchy, as of June 30, 2014 and December 31, 2013 are as follows: | |||||||||||||||||||||||||
June 30, 2014 | |||||||||||||||||||||||||
(in thousands) | Carrying Value | Estimated Fair Value | Level 1 | Level 2 | Level 3 | ||||||||||||||||||||
Financial assets | |||||||||||||||||||||||||
Cash and cash equivalents | $ | 596,425 | 596,425 | 596,425 | — | — | |||||||||||||||||||
Interest bearing funds with Federal Reserve Bank | 689,284 | 689,284 | 689,284 | — | — | ||||||||||||||||||||
Interest earning deposits with banks | 7,661 | 7,661 | 7,661 | — | — | ||||||||||||||||||||
Federal funds sold and securities purchased under resale agreements | 79,553 | 79,553 | 79,553 | — | — | ||||||||||||||||||||
Trading account assets | 20,318 | 20,318 | — | 20,318 | — | ||||||||||||||||||||
Mortgage loans held for sale | 75,957 | 75,957 | — | 75,957 | — | ||||||||||||||||||||
Other loans held for sale | 2,764 | 2,764 | — | — | 2,764 | ||||||||||||||||||||
Investment securities available for sale | 3,080,185 | 3,080,185 | 26,643 | 3,051,676 | 1,866 | ||||||||||||||||||||
Private equity investments | 28,634 | 28,634 | — | 1,258 | 27,376 | ||||||||||||||||||||
Mutual funds held in Rabbi Trusts | 11,349 | 11,349 | 11,349 | — | — | ||||||||||||||||||||
Loans, net of deferred fees and costs | 20,455,763 | 20,188,381 | — | — | 20,188,381 | ||||||||||||||||||||
Derivative assets | 36,365 | 36,365 | — | 36,365 | — | ||||||||||||||||||||
Financial liabilities | |||||||||||||||||||||||||
Trading account liabilities | 7,309 | 7,309 | — | 7,309 | — | ||||||||||||||||||||
Non-interest bearing deposits | 5,875,301 | 5,875,301 | — | 5,875,301 | — | ||||||||||||||||||||
Interest bearing deposits | 15,118,166 | 15,123,417 | — | 15,123,417 | — | ||||||||||||||||||||
Federal funds purchased and securities sold under repurchase agreements | 127,840 | 127,840 | 127,840 | — | — | ||||||||||||||||||||
Salary stock units | 465 | 465 | 465 | — | — | ||||||||||||||||||||
Long-term debt | 2,256,418 | 2,329,660 | — | 2,329,660 | — | ||||||||||||||||||||
Derivative liabilities | $ | 38,606 | 38,606 | — | 36,168 | 2,438 | |||||||||||||||||||
December 31, 2013 | |||||||||||||||||||||||||
(in thousands) | Carrying Value | Estimated Fair Value | Level 1 | Level 2 | Level 3 | ||||||||||||||||||||
Financial assets | |||||||||||||||||||||||||
Cash and cash equivalents | $ | 469,630 | 469,630 | 469,630 | — | — | |||||||||||||||||||
Interest bearing funds with Federal Reserve Bank | 644,528 | 644,528 | 644,528 | — | — | ||||||||||||||||||||
Interest earning deposits with banks | 24,325 | 24,325 | 24,325 | — | — | ||||||||||||||||||||
Federal funds sold and securities purchased under resale agreements | 80,975 | 80,975 | 80,975 | — | — | ||||||||||||||||||||
Trading account assets | 6,113 | 6,113 | — | 6,113 | — | ||||||||||||||||||||
Mortgage loans held for sale | 45,384 | 45,384 | — | 45,384 | — | ||||||||||||||||||||
Other loans held for sale | 10,685 | 10,685 | — | — | 10,685 | ||||||||||||||||||||
Investment securities available for sale | 3,199,358 | 3,199,358 | 26,716 | 3,170,292 | 2,350 | ||||||||||||||||||||
Private equity investments | 29,360 | 29,360 | — | 1,615 | 27,745 | ||||||||||||||||||||
Mutual funds held in Rabbi Trusts | 11,246 | 11,246 | 11,246 | — | — | ||||||||||||||||||||
Loans, net of deferred fees and costs | 20,057,798 | 19,763,708 | — | — | 19,763,708 | ||||||||||||||||||||
Derivative assets | 40,004 | 40,004 | — | 40,004 | — | ||||||||||||||||||||
Financial liabilities | |||||||||||||||||||||||||
Trading account liabilities | 1,763 | 1,763 | — | 1,763 | — | ||||||||||||||||||||
Non-interest bearing deposits | 5,642,751 | 5,642,751 | — | 5,642,751 | — | ||||||||||||||||||||
Interest bearing deposits | 15,234,039 | 15,244,020 | — | 15,244,020 | — | ||||||||||||||||||||
Federal funds purchased and securities sold under repurchase agreements | 148,132 | 148,132 | 148,132 | — | — | ||||||||||||||||||||
Salary stock units | 1,764 | 1,764 | 1,764 | — | — | ||||||||||||||||||||
Long-term debt | 2,033,141 | 2,095,720 | — | 2,095,720 | — | ||||||||||||||||||||
Derivative liabilities | $ | 42,142 | 42,142 | — | 39,436 | 2,706 | |||||||||||||||||||
Derivative_Instruments_Tables
Derivative Instruments (Tables) | 6 Months Ended | |||||||||||||||||
Jun. 30, 2014 | ||||||||||||||||||
Summary of Derivative Instruments [Abstract] | ' | |||||||||||||||||
Impact of Derivatives on Balance Sheet | ' | |||||||||||||||||
The impact of derivative instruments on the consolidated balance sheets at June 30, 2014 and December 31, 2013 is presented below. | ||||||||||||||||||
Fair Value of Derivative Assets | Fair Value of Derivative Liabilities | |||||||||||||||||
(in thousands) | Location on Consolidated Balance Sheet | June 30, 2014 | December 31, 2013 | Location on Consolidated Balance Sheet | June 30, 2014 | December 31, 2013 | ||||||||||||
Derivatives not designated | ||||||||||||||||||
as hedging instruments: | ||||||||||||||||||
Interest rate contracts | Other assets | $ | 34,476 | 38,482 | Other liabilities | $ | 35,046 | 39,436 | ||||||||||
Mortgage derivatives | Other assets | 1,889 | 1,522 | Other liabilities | 1,122 | — | ||||||||||||
Visa derivative | — | — | Other liabilities | 2,438 | 2,706 | |||||||||||||
Total derivatives not | $ | 36,365 | 40,004 | $ | 38,606 | 42,142 | ||||||||||||
designated as hedging | ||||||||||||||||||
instruments | ||||||||||||||||||
Effect of Fair Value Hedges on Consolidated Statements of Income | ' | |||||||||||||||||
The pre-tax effect of fair value hedges on the consolidated statements of income for the six and three months ended June 30, 2014 and 2013 is presented below. | ||||||||||||||||||
Location of Gain (Loss) Recognized in Income | Gain (Loss) Recognized in Income | |||||||||||||||||
(in thousands) | Six Months Ended June 30, | |||||||||||||||||
Derivatives not designated as hedging instruments | 2014 | 2013 | ||||||||||||||||
Interest rate contracts(1) | Other non-interest income | 384 | (158 | ) | ||||||||||||||
Mortgage derivatives(2) | Mortgage banking income | (755 | ) | 4,942 | ||||||||||||||
Total | $ | (371 | ) | 4,784 | ||||||||||||||
Location of Gain (Loss) Recognized in Income | Gain (Loss) Recognized in Income | |||||||||||||||||
(in thousands) | Three Months Ended June 30, | |||||||||||||||||
Derivatives not designated as hedging instruments | 2014 | 2013 | ||||||||||||||||
Interest rate contracts(1) | Other non-interest income | 281 | (279 | ) | ||||||||||||||
Mortgage derivatives(2) | Mortgage banking income | (435 | ) | 5,030 | ||||||||||||||
Total | $ | (154 | ) | 4,751 | ||||||||||||||
(1) Gain (loss) represents net fair value adjustments (including credit related adjustments) for customer swaps and offsetting positions. | ||||||||||||||||||
(2) Gain (loss) represents net fair value adjustments recorded for interest rate lock commitments and commitments to sell mortgage loans to third party investors. |
Net_Income_Per_Common_Share_Ta
Net Income Per Common Share (Tables) | 6 Months Ended | ||||||||||||
Jun. 30, 2014 | |||||||||||||
Earnings Per Share [Abstract] | ' | ||||||||||||
Schedule of Basic And Diluted Earnings per Share | ' | ||||||||||||
The following table displays a reconciliation of the information used in calculating basic and diluted earnings per common share for the six and three months ended June 30, 2014 and 2013. | |||||||||||||
Six Months Ended June 30, | Three Months Ended June 30, | ||||||||||||
(in thousands, except per share data) | 2014 | 2013 | 2014 | 2013 | |||||||||
Basic Net Income Per Common Share: | |||||||||||||
Net income available to common shareholders | $ | 90,170 | 45,515 | 44,313 | 30,717 | ||||||||
Weighted average common shares outstanding | 138,961 | 117,035 | 138,991 | 121,585 | |||||||||
Basic net income per common share | $ | 0.65 | 0.39 | 0.32 | 0.25 | ||||||||
Diluted Net Income Per Common Share: | |||||||||||||
Net income available to common shareholders | $ | 90,170 | 45,515 | 44,313 | 30,717 | ||||||||
Weighted average common shares outstanding | 138,961 | 117,035 | 138,991 | 121,585 | |||||||||
Potentially dilutive shares from assumed exercise of | 574 | 13,092 | 576 | 8,549 | |||||||||
securities or other contracts to purchase Common Stock | |||||||||||||
Weighted average diluted common shares | 139,535 | 130,127 | 139,567 | 130,134 | |||||||||
Diluted net income per common share | $ | 0.65 | 0.35 | 0.32 | 0.24 | ||||||||
Significant_Accounting_Policie2
Significant Accounting Policies (Details) (Cash and Cash Equivalents [Member], USD $) | Jun. 30, 2014 | Dec. 31, 2013 |
Cash and Cash Equivalents [Member] | ' | ' |
Basis Of Presentation [Line Items] | ' | ' |
Cash and cash equivalents | $98,100,000 | $104,900,000 |
Total deposits | 125,000 | 375,000 |
Interest earning deposits with banks | 9,400,000 | 11,100,000 |
Federal funds sold | $73,100,000 | $72,200,000 |
Subsequent_Event_Reverse_Stock
Subsequent Event - Reverse Stock Split and Increase in Number of Authorized Common Shares (Narrative) (Details) | 0 Months Ended | |||
Apr. 24, 2014 | Jun. 30, 2014 | Apr. 23, 2014 | Dec. 31, 2013 | |
Reverse Stock Split and Increase in Number of Authorized Common Shares [Abstract] | ' | ' | ' | ' |
Stock split, conversion ratio | 0.1429 | ' | ' | ' |
Common stock, shares authorized | 2,400,000,000 | 342,857,143 | 1,200,000,000 | 342,857,143 |
Reverse stock splits, shares | 342,900,000 | ' | ' | ' |
Sale_of_Branches_Details
Sale of Branches (Details) (USD $) | Jun. 30, 2014 | Dec. 31, 2013 | Jun. 30, 2014 | Jan. 17, 2014 |
Trust One Bank, Memphis, Tennessee [Member] | Trust One Bank, Memphis, Tennessee [Member] | |||
Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items] | ' | ' | ' | ' |
Loans | $20,177,980,000 | $19,750,238,000 | ' | $89,600,000 |
Deposits | 20,993,467,000 | 20,876,790,000 | ' | 191,300,000 |
Gain on sale of branches | ' | ' | $5,800,000 | ' |
Investment_Securities_Narrativ
Investment Securities (Narrative) (Details) (USD $) | 6 Months Ended | |
Jun. 30, 2014 | Dec. 31, 2013 | |
securities | ||
Investments [Abstract] | ' | ' |
Pledged to secure deposits | $2,150,000,000 | $2,330,000,000 |
Number of investment securities in a loss portion, less than twelve months | 1 | ' |
Number of investment securities in a loss portion, twelve months or longer | 46 | ' |
Other-than-temporary impairment charges | $88,000 | ' |
Investment_Securities_Summary_
Investment Securities (Summary Of Available For Sale Investment Securities) (Details) (USD $) | Jun. 30, 2014 | Dec. 31, 2013 | ||
In Thousands, unless otherwise specified | ||||
Schedule of Available-for-sale Securities [Line Items] | ' | ' | ||
Amortized Cost | $3,061,268 | [1] | $3,224,749 | [1] |
Gross Unrealized Gains | 33,125 | 19,170 | ||
Gross Unrealized Losses | -14,208 | -44,561 | ||
Fair Value | 3,080,185 | 3,199,358 | ||
U.S. Treasury Securities [Member] | ' | ' | ||
Schedule of Available-for-sale Securities [Line Items] | ' | ' | ||
Amortized Cost | 17,793 | [1] | 17,791 | [1] |
Gross Unrealized Gains | 0 | 0 | ||
Gross Unrealized Losses | 0 | 0 | ||
Fair Value | 17,793 | 17,791 | ||
U.S. Government Agency Securities [Member] | ' | ' | ||
Schedule of Available-for-sale Securities [Line Items] | ' | ' | ||
Amortized Cost | 33,264 | [1] | 33,480 | [1] |
Gross Unrealized Gains | 1,028 | 1,161 | ||
Gross Unrealized Losses | 0 | 0 | ||
Fair Value | 34,292 | 34,641 | ||
Securities Issued By U.S. Government Sponsored Enterprises [Member] | ' | ' | ||
Schedule of Available-for-sale Securities [Line Items] | ' | ' | ||
Amortized Cost | 111,795 | [1] | 112,305 | [1] |
Gross Unrealized Gains | 1,014 | 1,440 | ||
Gross Unrealized Losses | 0 | 0 | ||
Fair Value | 112,809 | 113,745 | ||
Mortgage-Backed Securities Issued By U.S. Government Agencies [Member] | ' | ' | ||
Schedule of Available-for-sale Securities [Line Items] | ' | ' | ||
Amortized Cost | 173,296 | [1] | 196,521 | [1] |
Gross Unrealized Gains | 1,848 | 2,257 | ||
Gross Unrealized Losses | -766 | -3,661 | ||
Fair Value | 174,378 | 195,117 | ||
Mortgage-backed Securities, Issued by US Government Sponsored Enterprises [Member] | ' | ' | ||
Schedule of Available-for-sale Securities [Line Items] | ' | ' | ||
Amortized Cost | 2,327,735 | [1] | 2,443,282 | [1] |
Gross Unrealized Gains | 21,176 | 9,718 | ||
Gross Unrealized Losses | -10,616 | -31,640 | ||
Fair Value | 2,338,295 | 2,421,360 | ||
Collateralized Mortgage Obligations Issued By U.S. Government Sponsored Enterprises [Member] | ' | ' | ||
Schedule of Available-for-sale Securities [Line Items] | ' | ' | ||
Amortized Cost | 384,836 | [1] | 406,717 | [1] |
Gross Unrealized Gains | 4,125 | 698 | ||
Gross Unrealized Losses | -2,488 | -8,875 | ||
Fair Value | 386,473 | 398,540 | ||
State And Municipal Securities [Member] | ' | ' | ||
Schedule of Available-for-sale Securities [Line Items] | ' | ' | ||
Amortized Cost | 5,222 | [1] | 6,723 | [1] |
Gross Unrealized Gains | 209 | 168 | ||
Gross Unrealized Losses | -2 | -2 | ||
Fair Value | 5,429 | 6,889 | ||
Equity Securities [Member] | ' | ' | ||
Schedule of Available-for-sale Securities [Line Items] | ' | ' | ||
Amortized Cost | 3,228 | [1] | 3,856 | [1] |
Gross Unrealized Gains | 3,725 | 3,728 | ||
Gross Unrealized Losses | 0 | 0 | ||
Fair Value | 6,953 | 7,584 | ||
Other Investments [Member] | ' | ' | ||
Schedule of Available-for-sale Securities [Line Items] | ' | ' | ||
Amortized Cost | 4,099 | [1] | 4,074 | [1] |
Gross Unrealized Gains | 0 | 0 | ||
Gross Unrealized Losses | -336 | -383 | ||
Fair Value | $3,763 | $3,691 | ||
[1] | Amortized cost is adjusted for other-than-temporary impairment charges in 2014 and 2013, which have been recognized in the consolidated statements of income in the applicable year, and were considered inconsequential. |
Investment_Securities_Schedule
Investment Securities (Schedule Of Unrealized Loss On Investments) (Details) (USD $) | 6 Months Ended | 12 Months Ended |
In Thousands, unless otherwise specified | Jun. 30, 2014 | Dec. 31, 2013 |
Schedule of Available-for-sale Securities [Line Items] | ' | ' |
Less than 12 Months, Fair Value | $1,897 | $2,291,995 |
Less than 12 Months, Unrealized Losses | 202 | 43,983 |
12 Months or Longer, Fair Value | 1,210,880 | 4,713 |
12 Months or Longer, Unrealized Losses | 14,006 | 578 |
Total Fair Value, Fair Value | 1,212,777 | 2,296,708 |
Total Fair Value, Unrealized Losses | 14,208 | 44,561 |
U.S. Treasury Securities [Member] | ' | ' |
Schedule of Available-for-sale Securities [Line Items] | ' | ' |
Less than 12 Months, Fair Value | 0 | 0 |
Less than 12 Months, Unrealized Losses | 0 | 0 |
12 Months or Longer, Fair Value | 0 | 0 |
12 Months or Longer, Unrealized Losses | 0 | 0 |
Total Fair Value, Fair Value | 0 | 0 |
Total Fair Value, Unrealized Losses | 0 | 0 |
U.S. Government Agency Securities [Member] | ' | ' |
Schedule of Available-for-sale Securities [Line Items] | ' | ' |
Less than 12 Months, Fair Value | 0 | 0 |
Less than 12 Months, Unrealized Losses | 0 | 0 |
12 Months or Longer, Fair Value | 0 | 0 |
12 Months or Longer, Unrealized Losses | 0 | 0 |
Total Fair Value, Fair Value | 0 | 0 |
Total Fair Value, Unrealized Losses | 0 | 0 |
Securities Issued By U.S. Government Sponsored Enterprises [Member] | ' | ' |
Schedule of Available-for-sale Securities [Line Items] | ' | ' |
Less than 12 Months, Fair Value | 0 | 0 |
Less than 12 Months, Unrealized Losses | 0 | 0 |
12 Months or Longer, Fair Value | 0 | 0 |
12 Months or Longer, Unrealized Losses | 0 | 0 |
Total Fair Value, Fair Value | 0 | 0 |
Total Fair Value, Unrealized Losses | 0 | 0 |
Mortgage-Backed Securities Issued By U.S. Government Agencies [Member] | ' | ' |
Schedule of Available-for-sale Securities [Line Items] | ' | ' |
Less than 12 Months, Fair Value | 0 | 121,607 |
Less than 12 Months, Unrealized Losses | 0 | 3,363 |
12 Months or Longer, Fair Value | 30,922 | 2,951 |
12 Months or Longer, Unrealized Losses | 766 | 298 |
Total Fair Value, Fair Value | 30,922 | 124,558 |
Total Fair Value, Unrealized Losses | 766 | 3,661 |
Mortgage-backed Securities, Issued by US Government Sponsored Enterprises [Member] | ' | ' |
Schedule of Available-for-sale Securities [Line Items] | ' | ' |
Less than 12 Months, Fair Value | 0 | 1,885,521 |
Less than 12 Months, Unrealized Losses | 0 | 31,640 |
12 Months or Longer, Fair Value | 1,052,375 | 0 |
12 Months or Longer, Unrealized Losses | 10,616 | 0 |
Total Fair Value, Fair Value | 1,052,375 | 1,885,521 |
Total Fair Value, Unrealized Losses | 10,616 | 31,640 |
Collateralized Mortgage Obligations Issued By U.S. Government Sponsored Enterprises [Member] | ' | ' |
Schedule of Available-for-sale Securities [Line Items] | ' | ' |
Less than 12 Months, Fair Value | 0 | 282,898 |
Less than 12 Months, Unrealized Losses | 0 | 8,875 |
12 Months or Longer, Fair Value | 125,675 | 0 |
12 Months or Longer, Unrealized Losses | 2,488 | 0 |
Total Fair Value, Fair Value | 125,675 | 282,898 |
Total Fair Value, Unrealized Losses | 2,488 | 8,875 |
State And Municipal Securities [Member] | ' | ' |
Schedule of Available-for-sale Securities [Line Items] | ' | ' |
Less than 12 Months, Fair Value | 0 | 0 |
Less than 12 Months, Unrealized Losses | 0 | 0 |
12 Months or Longer, Fair Value | 42 | 40 |
12 Months or Longer, Unrealized Losses | 2 | 2 |
Total Fair Value, Fair Value | 42 | 40 |
Total Fair Value, Unrealized Losses | 2 | 2 |
Equity Securities [Member] | ' | ' |
Schedule of Available-for-sale Securities [Line Items] | ' | ' |
Less than 12 Months, Fair Value | 0 | 0 |
Less than 12 Months, Unrealized Losses | 0 | 0 |
12 Months or Longer, Fair Value | 0 | 0 |
12 Months or Longer, Unrealized Losses | 0 | 0 |
Total Fair Value, Fair Value | 0 | 0 |
Total Fair Value, Unrealized Losses | 0 | 0 |
Other Investments [Member] | ' | ' |
Schedule of Available-for-sale Securities [Line Items] | ' | ' |
Less than 12 Months, Fair Value | 1,897 | 1,969 |
Less than 12 Months, Unrealized Losses | 202 | 105 |
12 Months or Longer, Fair Value | 1,866 | 1,722 |
12 Months or Longer, Unrealized Losses | 134 | 278 |
Total Fair Value, Fair Value | 3,763 | 3,691 |
Total Fair Value, Unrealized Losses | $336 | $383 |
Investment_Securities_Amortize
Investment Securities (Amortized Cost And Estimated Fair Value By Contractual Maturity Of Investment Securities Available For Sale) (Details) (USD $) | Jun. 30, 2014 |
In Thousands, unless otherwise specified | |
Schedule of Available-for-sale Securities [Line Items] | ' |
Within One year, Amortized Cost | $48,149 |
1 to 5 Years, Amortized Cost | 95,390 |
5 to 10 Years, Amortized Cost | 1,937,873 |
More Than 10 years, Amortized Cost | 974,529 |
No Stated Maturity, Amortized Cost | 5,327 |
Total, Amortized Cost | 3,061,268 |
Within One Year, Fair Value | 48,312 |
1 to 5 Years, Fair Value | 96,771 |
5 to 10 Years, Fair Value | 1,938,995 |
More Than 10 years, Fair Value | 987,257 |
No Stated Maturity, Fair Value | 8,850 |
Total, Fair Value | 3,080,185 |
U.S. Treasury Securities [Member] | ' |
Schedule of Available-for-sale Securities [Line Items] | ' |
Within One year, Amortized Cost | 17,793 |
1 to 5 Years, Amortized Cost | 0 |
5 to 10 Years, Amortized Cost | 0 |
More Than 10 years, Amortized Cost | 0 |
No Stated Maturity, Amortized Cost | 0 |
Total, Amortized Cost | 17,793 |
Within One Year, Fair Value | 17,793 |
1 to 5 Years, Fair Value | 0 |
5 to 10 Years, Fair Value | 0 |
More Than 10 years, Fair Value | 0 |
No Stated Maturity, Fair Value | 0 |
Total, Fair Value | 17,793 |
U.S. Government Agency Securities [Member] | ' |
Schedule of Available-for-sale Securities [Line Items] | ' |
Within One year, Amortized Cost | 114 |
1 to 5 Years, Amortized Cost | 9,097 |
5 to 10 Years, Amortized Cost | 24,053 |
More Than 10 years, Amortized Cost | 0 |
No Stated Maturity, Amortized Cost | 0 |
Total, Amortized Cost | 33,264 |
Within One Year, Fair Value | 114 |
1 to 5 Years, Fair Value | 9,414 |
5 to 10 Years, Fair Value | 24,764 |
More Than 10 years, Fair Value | 0 |
No Stated Maturity, Fair Value | 0 |
Total, Fair Value | 34,292 |
Securities Issued By U.S. Government Sponsored Enterprises [Member] | ' |
Schedule of Available-for-sale Securities [Line Items] | ' |
Within One year, Amortized Cost | 30,030 |
1 to 5 Years, Amortized Cost | 81,765 |
5 to 10 Years, Amortized Cost | 0 |
More Than 10 years, Amortized Cost | 0 |
No Stated Maturity, Amortized Cost | 0 |
Total, Amortized Cost | 111,795 |
Within One Year, Fair Value | 30,187 |
1 to 5 Years, Fair Value | 82,622 |
5 to 10 Years, Fair Value | 0 |
More Than 10 years, Fair Value | 0 |
No Stated Maturity, Fair Value | 0 |
Total, Fair Value | 112,809 |
Mortgage-Backed Securities Issued By U.S. Government Agencies [Member] | ' |
Schedule of Available-for-sale Securities [Line Items] | ' |
Within One year, Amortized Cost | 15 |
1 to 5 Years, Amortized Cost | 1 |
5 to 10 Years, Amortized Cost | 0 |
More Than 10 years, Amortized Cost | 173,280 |
No Stated Maturity, Amortized Cost | 0 |
Total, Amortized Cost | 173,296 |
Within One Year, Fair Value | 15 |
1 to 5 Years, Fair Value | 1 |
5 to 10 Years, Fair Value | 0 |
More Than 10 years, Fair Value | 174,362 |
No Stated Maturity, Fair Value | 0 |
Total, Fair Value | 174,378 |
Mortgage-backed Securities, Issued by US Government Sponsored Enterprises [Member] | ' |
Schedule of Available-for-sale Securities [Line Items] | ' |
Within One year, Amortized Cost | 102 |
1 to 5 Years, Amortized Cost | 2,429 |
5 to 10 Years, Amortized Cost | 1,913,531 |
More Than 10 years, Amortized Cost | 411,673 |
No Stated Maturity, Amortized Cost | 0 |
Total, Amortized Cost | 2,327,735 |
Within One Year, Fair Value | 108 |
1 to 5 Years, Fair Value | 2,595 |
5 to 10 Years, Fair Value | 1,913,923 |
More Than 10 years, Fair Value | 421,669 |
No Stated Maturity, Fair Value | 0 |
Total, Fair Value | 2,338,295 |
Collateralized Mortgage-Backed Securities Issued By U.S. Government Sponsored Enterprises [Member] | ' |
Schedule of Available-for-sale Securities [Line Items] | ' |
Within One year, Amortized Cost | 0 |
1 to 5 Years, Amortized Cost | 0 |
5 to 10 Years, Amortized Cost | 0 |
More Than 10 years, Amortized Cost | 384,836 |
No Stated Maturity, Amortized Cost | 0 |
Total, Amortized Cost | 384,836 |
Within One Year, Fair Value | 0 |
1 to 5 Years, Fair Value | 0 |
5 to 10 Years, Fair Value | 0 |
More Than 10 years, Fair Value | 386,473 |
No Stated Maturity, Fair Value | 0 |
Total, Fair Value | 386,473 |
State And Municipal Securities [Member] | ' |
Schedule of Available-for-sale Securities [Line Items] | ' |
Within One year, Amortized Cost | 95 |
1 to 5 Years, Amortized Cost | 2,098 |
5 to 10 Years, Amortized Cost | 289 |
More Than 10 years, Amortized Cost | 2,740 |
No Stated Maturity, Amortized Cost | 0 |
Total, Amortized Cost | 5,222 |
Within One Year, Fair Value | 95 |
1 to 5 Years, Fair Value | 2,139 |
5 to 10 Years, Fair Value | 308 |
More Than 10 years, Fair Value | 2,887 |
No Stated Maturity, Fair Value | 0 |
Total, Fair Value | 5,429 |
Securities With No Stated Maturity (Equity Securities) [Member] | ' |
Schedule of Available-for-sale Securities [Line Items] | ' |
Within One year, Amortized Cost | 0 |
1 to 5 Years, Amortized Cost | 0 |
5 to 10 Years, Amortized Cost | 0 |
More Than 10 years, Amortized Cost | 0 |
No Stated Maturity, Amortized Cost | 3,228 |
Total, Amortized Cost | 3,228 |
Within One Year, Fair Value | 0 |
1 to 5 Years, Fair Value | 0 |
5 to 10 Years, Fair Value | 0 |
More Than 10 years, Fair Value | 0 |
No Stated Maturity, Fair Value | 6,953 |
Total, Fair Value | 6,953 |
Other Investments [Member] | ' |
Schedule of Available-for-sale Securities [Line Items] | ' |
Within One year, Amortized Cost | 0 |
1 to 5 Years, Amortized Cost | 0 |
5 to 10 Years, Amortized Cost | 0 |
More Than 10 years, Amortized Cost | 2,000 |
No Stated Maturity, Amortized Cost | 2,099 |
Total, Amortized Cost | 4,099 |
Within One Year, Fair Value | 0 |
1 to 5 Years, Fair Value | 0 |
5 to 10 Years, Fair Value | 0 |
More Than 10 years, Fair Value | 1,866 |
No Stated Maturity, Fair Value | 1,897 |
Total, Fair Value | $3,763 |
Investment_Securities_Summary_1
Investment Securities (Summary Of Sales Transactions In The Investment Securities Available For Sale Portfolio) (Details) (USD $) | 3 Months Ended | 6 Months Ended | ||
In Thousands, unless otherwise specified | Jun. 30, 2014 | Jun. 30, 2013 | Jun. 30, 2014 | Jun. 30, 2013 |
Investments [Abstract] | ' | ' | ' | ' |
Proceeds from sale and maturity of investment securities available for sale | $0 | $135,146 | $20,815 | $347,386 |
Gross realized gains | 0 | 1,760 | 1,419 | 2,036 |
Gross realized losses | 0 | -357 | -88 | -588 |
Investment securities gains, net | $0 | $1,403 | $1,331 | $1,448 |
Restructuring_Charges_Narrativ
Restructuring Charges (Narrative) (Details) (USD $) | 1 Months Ended | 3 Months Ended | 6 Months Ended | |||
Jan. 31, 2014 | Jun. 30, 2014 | Mar. 31, 2014 | Jun. 30, 2013 | Jun. 30, 2014 | Jun. 30, 2013 | |
branches | ||||||
Restructuring Cost and Reserve [Line Items] | ' | ' | ' | ' | ' | ' |
Expected reduction of expenses | $30,000,000 | ' | ' | ' | ' | ' |
Restructuring charges | ' | 7,716,000 | 8,600,000 | 1,758,000 | 16,293,000 | 6,607,000 |
Asset impairment charges | ' | 7,358,000 | ' | 0 | 7,358,000 | 0 |
Number of branches identified for future closing | ' | 13 | ' | ' | ' | ' |
Accrued liabilities | ' | 6,300,000 | ' | ' | 6,300,000 | ' |
Severance Cost [Member] | ' | ' | ' | ' | ' | ' |
Restructuring Cost and Reserve [Line Items] | ' | ' | ' | ' | ' | ' |
Restructuring charges | ' | ' | ' | ' | 8,000,000 | ' |
Facility Closing [Member] | ' | ' | ' | ' | ' | ' |
Restructuring Cost and Reserve [Line Items] | ' | ' | ' | ' | ' | ' |
Additional restructuring charges to be incurred in the fourth quarter | ' | $6,000,000 | ' | ' | $6,000,000 | ' |
Restructuring_Charges_Schedule
Restructuring Charges (Schedule Of Restructuring And Related Costs) (Details) (USD $) | 3 Months Ended | 6 Months Ended | |||
In Thousands, unless otherwise specified | Jun. 30, 2014 | Mar. 31, 2014 | Jun. 30, 2013 | Jun. 30, 2014 | Jun. 30, 2013 |
Restructuring Charges [Abstract] | ' | ' | ' | ' | ' |
Severance charges | $0 | ' | $1,737 | $8,047 | $6,610 |
Asset impairment charges | 7,358 | ' | 0 | 7,358 | 0 |
Professional fees and other charges | 358 | ' | 21 | 888 | -3 |
Total restructuring charges | $7,716 | $8,600 | $1,758 | $16,293 | $6,607 |
Loans_and_Allowance_for_Loan_L2
Loans and Allowance for Loan Losses (Narrative) (Details) (USD $) | 3 Months Ended | 6 Months Ended | 12 Months Ended | |||||
Jun. 30, 2014 | Jun. 30, 2013 | Jun. 30, 2014 | Jun. 30, 2013 | Dec. 31, 2013 | Mar. 31, 2014 | Mar. 31, 2013 | Dec. 31, 2012 | |
Accounts, Notes, Loans and Financing Receivable [Line Items] | ' | ' | ' | ' | ' | ' | ' | ' |
Increase in allocated allowance | ' | ' | $23,000,000 | ' | ' | ' | ' | ' |
Average recorded investment in impaired loans | 585,494,000 | 967,452,000 | 585,494,000 | 967,452,000 | ' | ' | ' | ' |
Interest income recognized | 3,987,000 | ' | 7,980,000 | 0 | 21,114,000 | ' | ' | ' |
Average recorded investment in impaired loans | 650,724,000 | ' | 720,422,000 | ' | 952,232,000 | ' | ' | ' |
Interest income recognized for accruing TDRs | 4,000,000 | 5,400,000 | 8,000,000 | 10,800,000 | ' | ' | ' | ' |
Accruing troubled debt restructuring | 444,100,000 | ' | 444,100,000 | ' | 556,400,000 | ' | ' | ' |
Allowance for loan losses | 277,783,000 | 334,880,000 | 277,783,000 | 334,880,000 | 307,560,000 | 300,871,000 | 351,772,000 | 373,405,000 |
Substandard [Member] | ' | ' | ' | ' | ' | ' | ' | ' |
Accounts, Notes, Loans and Financing Receivable [Line Items] | ' | ' | ' | ' | ' | ' | ' | ' |
Retail loan substandard period (in days) | ' | ' | '90 days | ' | ' | ' | ' | ' |
Loss And Charged Off [Member] | ' | ' | ' | ' | ' | ' | ' | ' |
Accounts, Notes, Loans and Financing Receivable [Line Items] | ' | ' | ' | ' | ' | ' | ' | ' |
Retail loan charge-off period (in days) | ' | ' | '120 days | ' | ' | ' | ' | ' |
Accruing TDRs With Modifications And Renewals Completed [Member] | ' | ' | ' | ' | ' | ' | ' | ' |
Accounts, Notes, Loans and Financing Receivable [Line Items] | ' | ' | ' | ' | ' | ' | ' | ' |
Allowance for loan losses | 24,300,000 | ' | 24,300,000 | ' | 27,700,000 | ' | ' | ' |
Minimum [Member] | ' | ' | ' | ' | ' | ' | ' | ' |
Accounts, Notes, Loans and Financing Receivable [Line Items] | ' | ' | ' | ' | ' | ' | ' | ' |
Commercial-type impaired loans | ' | ' | $1,000,000 | ' | ' | ' | ' | ' |
Loans_and_Allowance_for_Loan_L3
Loans and Allowance for Loan Losses (Schedule Of Current, Accruing Past Due And Nonaccrual Loans) (Details) (USD $) | Jun. 30, 2014 | Dec. 31, 2013 | Jun. 30, 2013 | ||
Valuation and Qualifying Accounts Disclosure [Line Items] | ' | ' | ' | ||
Current | $20,164,743,000 | $19,597,760,000 | ' | ||
Accruing 30-89 Days Past Due | 55,630,000 | 68,111,000 | ' | ||
Accruing 90 Days or Greater Past Due | 4,798,000 | 4,489,000 | ' | ||
Total Accruing Past Due | 60,428,000 | 72,600,000 | ' | ||
Non-accrual | 259,547,000 | 416,300,000 | ' | ||
Total loans | 20,484,718,000 | [1] | 20,086,660,000 | [2] | 19,632,050,000 |
Deferred fees and costs, net | 29,000,000 | 28,900,000 | 23,800,000 | ||
Home Equity Lines [Member] | ' | ' | ' | ||
Valuation and Qualifying Accounts Disclosure [Line Items] | ' | ' | ' | ||
Current | 1,641,202,000 | 1,564,578,000 | ' | ||
Accruing 30-89 Days Past Due | 6,781,000 | 4,919,000 | ' | ||
Accruing 90 Days or Greater Past Due | 141,000 | 136,000 | ' | ||
Total Accruing Past Due | 6,922,000 | 5,055,000 | ' | ||
Non-accrual | 16,396,000 | 17,908,000 | ' | ||
Total loans | 1,664,520,000 | 1,587,541,000 | ' | ||
Consumer Mortgages [Member] | ' | ' | ' | ||
Valuation and Qualifying Accounts Disclosure [Line Items] | ' | ' | ' | ||
Current | 1,512,811,000 | 1,460,219,000 | ' | ||
Accruing 30-89 Days Past Due | 11,652,000 | 18,068,000 | ' | ||
Accruing 90 Days or Greater Past Due | 215,000 | 1,011,000 | ' | ||
Total Accruing Past Due | 11,867,000 | 19,079,000 | ' | ||
Non-accrual | 36,433,000 | 39,770,000 | ' | ||
Total loans | 1,561,111,000 | 1,519,068,000 | ' | ||
Credit Cards [Member] | ' | ' | ' | ||
Valuation and Qualifying Accounts Disclosure [Line Items] | ' | ' | ' | ||
Current | 252,538,000 | 253,422,000 | ' | ||
Accruing 30-89 Days Past Due | 1,502,000 | 1,917,000 | ' | ||
Accruing 90 Days or Greater Past Due | 1,329,000 | 1,507,000 | ' | ||
Total Accruing Past Due | 2,831,000 | 3,424,000 | ' | ||
Non-accrual | 0 | 0 | ' | ||
Total loans | 255,369,000 | 256,846,000 | ' | ||
Other Retail Loans [Member] | ' | ' | ' | ||
Valuation and Qualifying Accounts Disclosure [Line Items] | ' | ' | ' | ||
Current | 283,030,000 | 280,524,000 | ' | ||
Accruing 30-89 Days Past Due | 2,444,000 | 2,190,000 | ' | ||
Accruing 90 Days or Greater Past Due | 63,000 | 26,000 | ' | ||
Total Accruing Past Due | 2,507,000 | 2,216,000 | ' | ||
Non-accrual | 2,398,000 | 2,038,000 | ' | ||
Total loans | 287,935,000 | 284,778,000 | ' | ||
Investment Properties [Member] | ' | ' | ' | ||
Valuation and Qualifying Accounts Disclosure [Line Items] | ' | ' | ' | ||
Current | 4,767,934,000 | 4,533,708,000 | ' | ||
Accruing 30-89 Days Past Due | 1,488,000 | 3,552,000 | ' | ||
Accruing 90 Days or Greater Past Due | 0 | 40,000 | ' | ||
Total Accruing Past Due | 1,488,000 | 3,592,000 | ' | ||
Non-accrual | 40,927,000 | 66,454,000 | ' | ||
Total loans | 4,810,349,000 | 4,603,754,000 | ' | ||
1-4 Family Properties [Member] | ' | ' | ' | ||
Valuation and Qualifying Accounts Disclosure [Line Items] | ' | ' | ' | ||
Current | 1,026,506,000 | 1,115,858,000 | ' | ||
Accruing 30-89 Days Past Due | 5,455,000 | 6,267,000 | ' | ||
Accruing 90 Days or Greater Past Due | 417,000 | 527,000 | ' | ||
Total Accruing Past Due | 5,872,000 | 6,794,000 | ' | ||
Non-accrual | 26,711,000 | 33,819,000 | ' | ||
Total loans | 1,059,089,000 | 1,156,471,000 | ' | ||
Land Acquisition [Member] | ' | ' | ' | ||
Valuation and Qualifying Accounts Disclosure [Line Items] | ' | ' | ' | ||
Current | 553,949,000 | 549,838,000 | ' | ||
Accruing 30-89 Days Past Due | 1,695,000 | 1,100,000 | ' | ||
Accruing 90 Days or Greater Past Due | 347,000 | 300,000 | ' | ||
Total Accruing Past Due | 2,042,000 | 1,400,000 | ' | ||
Non-accrual | 42,564,000 | 154,095,000 | ' | ||
Total loans | 598,555,000 | 705,333,000 | ' | ||
Commercial Real Estate [Member] | ' | ' | ' | ||
Valuation and Qualifying Accounts Disclosure [Line Items] | ' | ' | ' | ||
Current | 6,348,389,000 | 6,199,404,000 | ' | ||
Accruing 30-89 Days Past Due | 8,638,000 | 10,919,000 | ' | ||
Accruing 90 Days or Greater Past Due | 764,000 | 867,000 | ' | ||
Total Accruing Past Due | 9,402,000 | 11,786,000 | ' | ||
Non-accrual | 110,202,000 | 254,368,000 | ' | ||
Total loans | 6,467,993,000 | 6,465,558,000 | ' | ||
Commercial, Financial and Agricultural [Member] | ' | ' | ' | ||
Valuation and Qualifying Accounts Disclosure [Line Items] | ' | ' | ' | ||
Current | 5,504,255,000 | 5,413,614,000 | ' | ||
Accruing 30-89 Days Past Due | 11,977,000 | 16,251,000 | ' | ||
Accruing 90 Days or Greater Past Due | 806,000 | 721,000 | ' | ||
Total Accruing Past Due | 12,783,000 | 16,972,000 | ' | ||
Non-accrual | 57,903,000 | 59,628,000 | ' | ||
Total loans | 5,574,941,000 | 5,490,214,000 | ' | ||
Owner-Occupied [Member] | ' | ' | ' | ||
Valuation and Qualifying Accounts Disclosure [Line Items] | ' | ' | ' | ||
Current | 3,748,944,000 | 3,749,052,000 | ' | ||
Accruing 30-89 Days Past Due | 7,502,000 | 9,341,000 | ' | ||
Accruing 90 Days or Greater Past Due | 828,000 | 66,000 | ' | ||
Total Accruing Past Due | 8,330,000 | 9,407,000 | ' | ||
Non-accrual | 29,005,000 | 36,980,000 | ' | ||
Total loans | 3,786,279,000 | 3,795,439,000 | ' | ||
Small Business [Member] | ' | ' | ' | ||
Valuation and Qualifying Accounts Disclosure [Line Items] | ' | ' | ' | ||
Current | 873,574,000 | 676,947,000 | ' | ||
Accruing 30-89 Days Past Due | 5,134,000 | 4,506,000 | ' | ||
Accruing 90 Days or Greater Past Due | 652,000 | 155,000 | ' | ||
Total Accruing Past Due | 5,786,000 | 4,661,000 | ' | ||
Non-accrual | 7,210,000 | 5,608,000 | ' | ||
Total loans | 886,570,000 | 687,216,000 | ' | ||
Commercial and Industrial [Member] | ' | ' | ' | ||
Valuation and Qualifying Accounts Disclosure [Line Items] | ' | ' | ' | ||
Current | 10,126,773,000 | 9,839,613,000 | ' | ||
Accruing 30-89 Days Past Due | 24,613,000 | 30,098,000 | ' | ||
Accruing 90 Days or Greater Past Due | 2,286,000 | 942,000 | ' | ||
Total Accruing Past Due | 26,899,000 | 31,040,000 | ' | ||
Non-accrual | 94,118,000 | 102,216,000 | ' | ||
Total loans | 10,247,790,000 | 9,972,869,000 | ' | ||
Retail [Member] | ' | ' | ' | ||
Valuation and Qualifying Accounts Disclosure [Line Items] | ' | ' | ' | ||
Current | 3,689,581,000 | 3,558,743,000 | ' | ||
Accruing 30-89 Days Past Due | 22,379,000 | 27,094,000 | ' | ||
Accruing 90 Days or Greater Past Due | 1,748,000 | 2,680,000 | ' | ||
Total Accruing Past Due | 24,127,000 | 29,774,000 | ' | ||
Non-accrual | 55,227,000 | 59,716,000 | ' | ||
Total loans | $3,768,935,000 | $3,648,233,000 | ' | ||
[1] | Total before net deferred fees and costs of $29.0 million. | ||||
[2] | Total before net deferred fees and costs of |
Loans_and_Allowance_for_Loan_L4
Loans and Allowance for Loan Losses (Loan Portfolio Credit Exposure) (Details) (USD $) | Jun. 30, 2014 | Dec. 31, 2013 | Jun. 30, 2013 | Jun. 30, 2014 | Jun. 30, 2014 | Dec. 31, 2013 | Jun. 30, 2014 | Dec. 31, 2013 | Jun. 30, 2014 | Dec. 31, 2013 | Jun. 30, 2014 | Dec. 31, 2013 | Jun. 30, 2014 | Dec. 31, 2013 | Jun. 30, 2014 | Dec. 31, 2013 | Jun. 30, 2014 | Dec. 31, 2013 | Jun. 30, 2014 | Dec. 31, 2013 | Jun. 30, 2014 | Dec. 31, 2013 | Jun. 30, 2014 | Dec. 31, 2013 | Jun. 30, 2014 | Dec. 31, 2013 | Jun. 30, 2014 | Dec. 31, 2013 | Jun. 30, 2014 | Dec. 31, 2013 | Jun. 30, 2014 | Dec. 31, 2013 | Jun. 30, 2014 | Dec. 31, 2013 | Jun. 30, 2014 | Dec. 31, 2013 | Jun. 30, 2014 | Dec. 31, 2013 | Jun. 30, 2014 | Dec. 31, 2013 | Jun. 30, 2014 | Dec. 31, 2013 | Jun. 30, 2014 | Dec. 31, 2013 | Jun. 30, 2014 | Dec. 31, 2013 | Jun. 30, 2014 | Dec. 31, 2013 | Jun. 30, 2014 | Dec. 31, 2013 | Jun. 30, 2014 | Dec. 31, 2013 | Jun. 30, 2014 | Dec. 31, 2013 | Jun. 30, 2014 | Dec. 31, 2013 | Jun. 30, 2014 | Dec. 31, 2013 | Jun. 30, 2014 | Dec. 31, 2013 | Jun. 30, 2014 | Dec. 31, 2013 | Jun. 30, 2014 | Dec. 31, 2013 | Jun. 30, 2014 | Dec. 31, 2013 | Jun. 30, 2014 | Dec. 31, 2013 | Jun. 30, 2014 | Dec. 31, 2013 | Jun. 30, 2014 | Dec. 31, 2013 | Jun. 30, 2014 | Dec. 31, 2013 | Jun. 30, 2014 | Dec. 31, 2013 | Jun. 30, 2014 | Dec. 31, 2013 | Jun. 30, 2014 | Dec. 31, 2013 | Jun. 30, 2014 | Dec. 31, 2013 | Jun. 30, 2014 | Dec. 31, 2013 | Jun. 30, 2014 | Dec. 31, 2013 | Jun. 30, 2014 | Dec. 31, 2013 | Jun. 30, 2014 | Dec. 31, 2013 | Jun. 30, 2014 | Dec. 31, 2013 | Jun. 30, 2014 | Dec. 31, 2013 | Jun. 30, 2014 | Dec. 31, 2013 | Jun. 30, 2014 | Dec. 31, 2013 | Jun. 30, 2014 | Dec. 31, 2013 | Jun. 30, 2014 | Dec. 31, 2013 | Jun. 30, 2014 | Dec. 31, 2013 | Jun. 30, 2014 | Dec. 31, 2013 | Jun. 30, 2014 | Dec. 31, 2013 | Jun. 30, 2014 | Dec. 31, 2013 | Jun. 30, 2014 | Dec. 31, 2013 | Jun. 30, 2014 | Dec. 31, 2013 | Jun. 30, 2014 | Dec. 31, 2013 | Jun. 30, 2014 | Dec. 31, 2013 | Jun. 30, 2014 | Dec. 31, 2013 | Jun. 30, 2014 | Dec. 31, 2013 | Jun. 30, 2014 | Dec. 31, 2013 | Jun. 30, 2014 | Dec. 31, 2013 | Jun. 30, 2014 | Dec. 31, 2013 | Jun. 30, 2014 | Dec. 31, 2013 | Jun. 30, 2014 | Dec. 31, 2013 | Jun. 30, 2014 | Dec. 31, 2013 | Jun. 30, 2014 | Dec. 31, 2013 | Jun. 30, 2014 | Dec. 31, 2013 | Jun. 30, 2014 | Dec. 31, 2013 | Jun. 30, 2014 | Dec. 31, 2013 | Jun. 30, 2014 | Dec. 31, 2013 | Jun. 30, 2014 | Dec. 31, 2013 | Jun. 30, 2014 | Dec. 31, 2013 | Jun. 30, 2014 | Dec. 31, 2013 | Jun. 30, 2014 | Dec. 31, 2013 | Jun. 30, 2014 | Dec. 31, 2013 | Jun. 30, 2014 | Dec. 31, 2013 | Jun. 30, 2014 | Dec. 31, 2013 | Jun. 30, 2014 | Dec. 31, 2013 | Jun. 30, 2014 | Dec. 31, 2013 | Jun. 30, 2014 | Dec. 31, 2013 | Jun. 30, 2014 | Dec. 31, 2013 | Jun. 30, 2014 | Dec. 31, 2013 | Jun. 30, 2014 | Dec. 31, 2013 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Maximum [Member] | Home Equity Lines [Member] | Home Equity Lines [Member] | Consumer Mortgages [Member] | Consumer Mortgages [Member] | Credit Cards [Member] | Credit Cards [Member] | Other Retail Loans [Member] | Other Retail Loans [Member] | Commercial and Industrial [Member] | Commercial and Industrial [Member] | Commercial Real Estate [Member] | Commercial Real Estate [Member] | Investment Properties [Member] | Investment Properties [Member] | 1-4 Family Properties [Member] | 1-4 Family Properties [Member] | Land Acquisition [Member] | Land Acquisition [Member] | Commercial, Financial and Agricultural [Member] | Commercial, Financial and Agricultural [Member] | Owner-Occupied [Member] | Owner-Occupied [Member] | Small Business [Member] | Small Business [Member] | Retail [Member] | Retail [Member] | Pass [Member] | Pass [Member] | Pass [Member] | Pass [Member] | Pass [Member] | Pass [Member] | Pass [Member] | Pass [Member] | Pass [Member] | Pass [Member] | Pass [Member] | Pass [Member] | Pass [Member] | Pass [Member] | Pass [Member] | Pass [Member] | Pass [Member] | Pass [Member] | Pass [Member] | Pass [Member] | Pass [Member] | Pass [Member] | Pass [Member] | Pass [Member] | Pass [Member] | Pass [Member] | Pass [Member] | Pass [Member] | Special Mention [Member] | Special Mention [Member] | Special Mention [Member] | Special Mention [Member] | Special Mention [Member] | Special Mention [Member] | Special Mention [Member] | Special Mention [Member] | Special Mention [Member] | Special Mention [Member] | Special Mention [Member] | Special Mention [Member] | Special Mention [Member] | Special Mention [Member] | Special Mention [Member] | Special Mention [Member] | Special Mention [Member] | Special Mention [Member] | Special Mention [Member] | Special Mention [Member] | Special Mention [Member] | Special Mention [Member] | Special Mention [Member] | Special Mention [Member] | Special Mention [Member] | Special Mention [Member] | Special Mention [Member] | Special Mention [Member] | Substandard [Member] | Substandard [Member] | Substandard [Member] | Substandard [Member] | Substandard [Member] | Substandard [Member] | Substandard [Member] | Substandard [Member] | Substandard [Member] | Substandard [Member] | Substandard [Member] | Substandard [Member] | Substandard [Member] | Substandard [Member] | Substandard [Member] | Substandard [Member] | Substandard [Member] | Substandard [Member] | Substandard [Member] | Substandard [Member] | Substandard [Member] | Substandard [Member] | Substandard [Member] | Substandard [Member] | Substandard [Member] | Substandard [Member] | Substandard [Member] | Substandard [Member] | Doubtful [Member] | Doubtful [Member] | Doubtful [Member] | Doubtful [Member] | Doubtful [Member] | Doubtful [Member] | Doubtful [Member] | Doubtful [Member] | Doubtful [Member] | Doubtful [Member] | Doubtful [Member] | Doubtful [Member] | Doubtful [Member] | Doubtful [Member] | Doubtful [Member] | Doubtful [Member] | Doubtful [Member] | Doubtful [Member] | Doubtful [Member] | Doubtful [Member] | Doubtful [Member] | Doubtful [Member] | Doubtful [Member] | Doubtful [Member] | Doubtful [Member] | Doubtful [Member] | Doubtful [Member] | Doubtful [Member] | Loss [Member] | Loss [Member] | Loss [Member] | Loss [Member] | Loss [Member] | Loss [Member] | Loss [Member] | Loss [Member] | Loss [Member] | Loss [Member] | Loss [Member] | Loss [Member] | Loss [Member] | Loss [Member] | Loss [Member] | Loss [Member] | Loss [Member] | Loss [Member] | Loss [Member] | Loss [Member] | Loss [Member] | Loss [Member] | Loss [Member] | Loss [Member] | Loss [Member] | Loss [Member] | Loss [Member] | Loss [Member] | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Home Equity Lines [Member] | Home Equity Lines [Member] | Consumer Mortgages [Member] | Consumer Mortgages [Member] | Credit Cards [Member] | Credit Cards [Member] | Other Retail Loans [Member] | Other Retail Loans [Member] | Commercial and Industrial [Member] | Commercial and Industrial [Member] | Commercial Real Estate [Member] | Commercial Real Estate [Member] | Investment Properties [Member] | Investment Properties [Member] | 1-4 Family Properties [Member] | 1-4 Family Properties [Member] | Land Acquisition [Member] | Land Acquisition [Member] | Commercial, Financial and Agricultural [Member] | Commercial, Financial and Agricultural [Member] | Owner-Occupied [Member] | Owner-Occupied [Member] | Small Business [Member] | Small Business [Member] | Retail [Member] | Retail [Member] | Home Equity Lines [Member] | Home Equity Lines [Member] | Consumer Mortgages [Member] | Consumer Mortgages [Member] | Credit Cards [Member] | Credit Cards [Member] | Other Retail Loans [Member] | Other Retail Loans [Member] | Commercial and Industrial [Member] | Commercial and Industrial [Member] | Commercial Real Estate [Member] | Commercial Real Estate [Member] | Investment Properties [Member] | Investment Properties [Member] | 1-4 Family Properties [Member] | 1-4 Family Properties [Member] | Land Acquisition [Member] | Land Acquisition [Member] | Commercial, Financial and Agricultural [Member] | Commercial, Financial and Agricultural [Member] | Owner-Occupied [Member] | Owner-Occupied [Member] | Small Business [Member] | Small Business [Member] | Retail [Member] | Retail [Member] | Home Equity Lines [Member] | Home Equity Lines [Member] | Consumer Mortgages [Member] | Consumer Mortgages [Member] | Credit Cards [Member] | Credit Cards [Member] | Other Retail Loans [Member] | Other Retail Loans [Member] | Commercial and Industrial [Member] | Commercial and Industrial [Member] | Commercial Real Estate [Member] | Commercial Real Estate [Member] | Investment Properties [Member] | Investment Properties [Member] | 1-4 Family Properties [Member] | 1-4 Family Properties [Member] | Land Acquisition [Member] | Land Acquisition [Member] | Commercial, Financial and Agricultural [Member] | Commercial, Financial and Agricultural [Member] | Owner-Occupied [Member] | Owner-Occupied [Member] | Small Business [Member] | Small Business [Member] | Retail [Member] | Retail [Member] | Home Equity Lines [Member] | Home Equity Lines [Member] | Consumer Mortgages [Member] | Consumer Mortgages [Member] | Credit Cards [Member] | Credit Cards [Member] | Other Retail Loans [Member] | Other Retail Loans [Member] | Commercial and Industrial [Member] | Commercial and Industrial [Member] | Commercial Real Estate [Member] | Commercial Real Estate [Member] | Investment Properties [Member] | Investment Properties [Member] | 1-4 Family Properties [Member] | 1-4 Family Properties [Member] | Land Acquisition [Member] | Land Acquisition [Member] | Commercial, Financial and Agricultural [Member] | Commercial, Financial and Agricultural [Member] | Owner-Occupied [Member] | Owner-Occupied [Member] | Small Business [Member] | Small Business [Member] | Retail [Member] | Retail [Member] | Home Equity Lines [Member] | Home Equity Lines [Member] | Consumer Mortgages [Member] | Consumer Mortgages [Member] | Credit Cards [Member] | Credit Cards [Member] | Other Retail Loans [Member] | Other Retail Loans [Member] | Commercial and Industrial [Member] | Commercial and Industrial [Member] | Commercial Real Estate [Member] | Commercial Real Estate [Member] | Investment Properties [Member] | Investment Properties [Member] | 1-4 Family Properties [Member] | 1-4 Family Properties [Member] | Land Acquisition [Member] | Land Acquisition [Member] | Commercial, Financial and Agricultural [Member] | Commercial, Financial and Agricultural [Member] | Owner-Occupied [Member] | Owner-Occupied [Member] | Small Business [Member] | Small Business [Member] | Retail [Member] | Retail [Member] | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Financing Receivable, Recorded Investment [Line Items] | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Total loans | $20,484,718,000 | [1] | $20,086,660,000 | [2] | $19,632,050,000 | ' | $1,664,520,000 | $1,587,541,000 | $1,561,111,000 | $1,519,068,000 | $255,369,000 | $256,846,000 | $287,935,000 | $284,778,000 | $10,247,790,000 | $9,972,869,000 | $6,467,993,000 | $6,465,558,000 | $4,810,349,000 | $4,603,754,000 | $1,059,089,000 | $1,156,471,000 | $598,555,000 | $705,333,000 | $5,574,941,000 | $5,490,214,000 | $3,786,279,000 | $3,795,439,000 | $886,570,000 | $687,216,000 | $3,768,935,000 | $3,648,233,000 | $19,004,975,000 | $18,277,301,000 | $1,640,278,000 | $1,559,272,000 | $1,518,211,000 | $1,475,928,000 | $254,039,000 | $255,339,000 | $283,873,000 | $281,179,000 | $9,559,091,000 | $9,206,367,000 | $5,749,483,000 | $5,499,216,000 | $4,453,645,000 | $4,184,748,000 | $832,074,000 | $892,512,000 | $463,764,000 | $421,956,000 | $5,209,016,000 | $5,053,808,000 | $3,478,985,000 | $3,478,359,000 | $871,090,000 | $674,200,000 | $3,696,401,000 | $3,571,718,000 | $736,515,000 | $850,638,000 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $347,284,000 | $379,717,000 | $389,231,000 | $470,921,000 | $228,334,000 | $249,890,000 | $100,763,000 | $126,715,000 | $60,134,000 | $94,316,000 | $186,667,000 | $224,620,000 | $160,617,000 | $155,097,000 | $0 | $0 | $0 | $0 | $716,607,000 | [3] | $926,405,000 | [3] | $20,559,000 | [3] | $24,931,000 | [3] | $40,499,000 | [3] | $40,935,000 | [3] | $382,000 | [3] | $541,000 | [3] | $3,920,000 | [3] | $3,400,000 | [3] | $330,955,000 | [3] | $373,802,000 | [3] | $320,292,000 | [3] | $482,796,000 | [3] | $128,370,000 | [3] | $167,392,000 | [3] | $118,205,000 | [3] | $128,890,000 | [3] | $73,717,000 | [3] | $186,514,000 | [3] | $170,974,000 | [3] | $201,410,000 | [3] | $145,732,000 | [3] | $160,173,000 | [3] | $14,249,000 | [3] | $12,219,000 | [3] | $65,360,000 | [3] | $69,807,000 | [3] | $22,779,000 | [4] | $28,667,000 | [4] | $1,660,000 | [4] | $1,448,000 | [4] | $2,158,000 | [4] | $1,918,000 | [4] | $0 | [4] | $0 | [4] | $32,000 | [4] | $75,000 | [4] | $9,942,000 | [4] | $12,893,000 | [4] | $8,987,000 | [4] | $12,333,000 | [4] | $0 | [4] | $1,724,000 | [4] | $8,047,000 | [4] | $8,062,000 | [4] | $940,000 | [4] | $2,547,000 | [4] | $8,199,000 | [4] | $10,286,000 | [4] | $512,000 | [4] | $1,810,000 | [4] | $1,231,000 | [4] | $797,000 | [4] | $3,850,000 | [4] | $3,441,000 | [4] | $3,842,000 | $3,649,000 | $2,023,000 | [5] | $1,890,000 | [5] | $243,000 | [5] | $287,000 | [5] | $948,000 | [6] | $966,000 | [6] | $110,000 | [5] | $124,000 | [5] | $518,000 | [4],[5] | $90,000 | $0 | $292,000 | $0 | $0 | $0 | $292,000 | [5] | $0 | $0 | $85,000 | [5] | $90,000 | [5] | $433,000 | [5] | $0 | $0 | [5] | $0 | $3,324,000 | $3,267,000 |
Nonaccrual substandard loans | 232,900,000 | 384,000,000 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Allowance for loan losses, percent of loan amount | ' | ' | ' | 50.00% | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Deferred fees and costs, net | $29,000,000 | $28,900,000 | $23,800,000 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
[1] | Total before net deferred fees and costs of $29.0 million. | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
[2] | Total before net deferred fees and costs of | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
[3] | Includes $232.9 million and $384.0 million of non-accrual Substandard loans at June 30, 2014 and December 31, 2013, respectively. | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
[4] | The loans within this risk grade are on non-accrual status and have an allowance for loan losses generally equal to 50% of the loan amount. | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
[5] | The loans within this risk grade are on non-accrual status and have an allowance for loan losses equal to the full loan amount. | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
[6] | Represent amounts that were 120 days past due. These credits are downgraded to the Loss category with an allowance for loan losses equal to the full loan amount and are generally charged off upon reaching 181 days past due in accordance with the FFIEC Uniform Retail Credit Classification and Account Management Policy. |
Loans_and_Allowance_for_Loan_L5
Loans and Allowance for Loan Losses (Schedule Of Allowances For Loan Losses And Recorded Investment In Loans) (Details) (USD $) | 3 Months Ended | 6 Months Ended | ||||||
Jun. 30, 2014 | Jun. 30, 2013 | Jun. 30, 2014 | Jun. 30, 2013 | Dec. 31, 2013 | ||||
Allowance for Loan and Lease Losses [Roll Forward] | ' | ' | ' | ' | ' | |||
Beginning balance, allowance | $300,871,000 | $351,772,000 | $307,560,000 | $373,405,000 | ' | |||
Allowance for loan losses of sold branches | ' | ' | -1,019,000 | ' | ' | |||
Charge-offs | -42,081,000 | -47,916,000 | -64,356,000 | -115,035,000 | ' | |||
Recoveries | 6,709,000 | 17,947,000 | 13,803,000 | 27,737,000 | ' | |||
Provision for loan losses | 12,284,000 | 13,077,000 | 21,795,000 | 48,773,000 | ' | |||
Ending balance, allowance | 277,783,000 | 334,880,000 | 277,783,000 | 334,880,000 | ' | |||
Ending balance: individually evaluated for impairment, allowance | 41,484,000 | 76,011,000 | 41,484,000 | 76,011,000 | ' | |||
Ending balance: collectively evaluated for impairment, allowance | 236,299,000 | 258,869,000 | 236,299,000 | 258,869,000 | ' | |||
Total loans | 20,484,718,000 | [1] | 19,632,050,000 | 20,484,718,000 | [1] | 19,632,050,000 | 20,086,660,000 | [2] |
Ending balance: individually evaluated for impairment, loans | 585,494,000 | 967,452,000 | 585,494,000 | 967,452,000 | ' | |||
Ending balance: collectively evaluated for impairment, loans | 19,899,224,000 | 18,664,598,000 | 19,899,224,000 | 18,664,598,000 | ' | |||
Deferred fees and costs, net | 29,000,000 | 23,800,000 | 29,000,000 | 23,800,000 | 28,900,000 | |||
Commercial Real Estate [Member] | ' | ' | ' | ' | ' | |||
Allowance for Loan and Lease Losses [Roll Forward] | ' | ' | ' | ' | ' | |||
Beginning balance, allowance | 126,955,000 | 145,991,000 | 127,012,000 | 167,926,000 | ' | |||
Allowance for loan losses of sold branches | ' | ' | -281,000 | ' | ' | |||
Charge-offs | -27,960,000 | -28,075,000 | -35,906,000 | -64,351,000 | ' | |||
Recoveries | 2,989,000 | 5,493,000 | 5,216,000 | 9,095,000 | ' | |||
Provision for loan losses | 240,000 | 14,920,000 | 6,183,000 | 25,659,000 | ' | |||
Ending balance, allowance | 102,224,000 | 138,329,000 | 102,224,000 | 138,329,000 | ' | |||
Ending balance: individually evaluated for impairment, allowance | 21,470,000 | 47,039,000 | 21,470,000 | 47,039,000 | ' | |||
Ending balance: collectively evaluated for impairment, allowance | 80,754,000 | 91,290,000 | 80,754,000 | 91,290,000 | ' | |||
Total loans | 6,467,993,000 | [1] | 6,414,750,000 | 6,467,993,000 | [1] | 6,414,750,000 | ' | |
Ending balance: individually evaluated for impairment, loans | 331,414,000 | 624,402,000 | 331,414,000 | 624,402,000 | ' | |||
Ending balance: collectively evaluated for impairment, loans | 6,136,579,000 | 5,790,348,000 | 6,136,579,000 | 5,790,348,000 | ' | |||
Commercial and Industrial [Member] | ' | ' | ' | ' | ' | |||
Allowance for Loan and Lease Losses [Roll Forward] | ' | ' | ' | ' | ' | |||
Beginning balance, allowance | 128,346,000 | 134,657,000 | 116,069,000 | 138,495,000 | ' | |||
Allowance for loan losses of sold branches | ' | ' | -398,000 | ' | ' | |||
Charge-offs | -7,554,000 | -11,014,000 | -15,590,000 | -30,232,000 | ' | |||
Recoveries | 2,355,000 | 10,696,000 | 4,308,000 | 15,114,000 | ' | |||
Provision for loan losses | 9,827,000 | -1,149,000 | 28,585,000 | 9,813,000 | ' | |||
Ending balance, allowance | 132,974,000 | 133,190,000 | 132,974,000 | 133,190,000 | ' | |||
Ending balance: individually evaluated for impairment, allowance | 19,053,000 | 27,775,000 | 19,053,000 | 27,775,000 | ' | |||
Ending balance: collectively evaluated for impairment, allowance | 113,921,000 | 105,415,000 | 113,921,000 | 105,415,000 | ' | |||
Total loans | 10,247,790,000 | [1] | 9,727,959,000 | 10,247,790,000 | [1] | 9,727,959,000 | ' | |
Ending balance: individually evaluated for impairment, loans | 202,899,000 | 284,559,000 | 202,899,000 | 284,559,000 | ' | |||
Ending balance: collectively evaluated for impairment, loans | 10,044,891,000 | 9,443,400,000 | 10,044,891,000 | 9,443,400,000 | ' | |||
Retail [Member] | ' | ' | ' | ' | ' | |||
Allowance for Loan and Lease Losses [Roll Forward] | ' | ' | ' | ' | ' | |||
Beginning balance, allowance | 45,570,000 | 43,124,000 | 41,479,000 | 38,984,000 | ' | |||
Allowance for loan losses of sold branches | ' | ' | -340,000 | ' | ' | |||
Charge-offs | -6,567,000 | -8,827,000 | -12,860,000 | -20,452,000 | ' | |||
Recoveries | 1,365,000 | 1,758,000 | 4,279,000 | 3,528,000 | ' | |||
Provision for loan losses | 2,217,000 | 4,306,000 | 10,027,000 | 18,301,000 | ' | |||
Ending balance, allowance | 42,585,000 | 40,361,000 | 42,585,000 | 40,361,000 | ' | |||
Ending balance: individually evaluated for impairment, allowance | 961,000 | 1,197,000 | 961,000 | 1,197,000 | ' | |||
Ending balance: collectively evaluated for impairment, allowance | 41,624,000 | 39,164,000 | 41,624,000 | 39,164,000 | ' | |||
Total loans | 3,768,935,000 | [1] | 3,489,341,000 | 3,768,935,000 | [1] | 3,489,341,000 | ' | |
Ending balance: individually evaluated for impairment, loans | 51,181,000 | 58,491,000 | 51,181,000 | 58,491,000 | ' | |||
Ending balance: collectively evaluated for impairment, loans | 3,717,754,000 | 3,430,850,000 | 3,717,754,000 | 3,430,850,000 | ' | |||
Unallocated [Member] | ' | ' | ' | ' | ' | |||
Allowance for Loan and Lease Losses [Roll Forward] | ' | ' | ' | ' | ' | |||
Beginning balance, allowance | 0 | 28,000,000 | 23,000,000 | 28,000,000 | ' | |||
Allowance for loan losses of sold branches | ' | ' | 0 | ' | ' | |||
Charge-offs | 0 | 0 | 0 | 0 | ' | |||
Recoveries | 0 | 0 | 0 | 0 | ' | |||
Provision for loan losses | 0 | -5,000,000 | -23,000,000 | -5,000,000 | ' | |||
Ending balance, allowance | 0 | 23,000,000 | 0 | 23,000,000 | ' | |||
Ending balance: individually evaluated for impairment, allowance | 0 | 0 | 0 | 0 | ' | |||
Ending balance: collectively evaluated for impairment, allowance | 0 | 23,000,000 | 0 | 23,000,000 | ' | |||
Total loans | 0 | [1] | 0 | 0 | [1] | 0 | ' | |
Ending balance: individually evaluated for impairment, loans | 0 | 0 | 0 | 0 | ' | |||
Ending balance: collectively evaluated for impairment, loans | $0 | $0 | $0 | $0 | ' | |||
[1] | Total before net deferred fees and costs of $29.0 million. | |||||||
[2] | Total before net deferred fees and costs of |
Loans_and_Allowance_for_Loan_L6
Loans and Allowance for Loan Losses (Schedule Of Impaired Loans) (Details) (USD $) | 3 Months Ended | 6 Months Ended | 12 Months Ended | |
In Thousands, unless otherwise specified | Jun. 30, 2014 | Jun. 30, 2014 | Jun. 30, 2013 | Dec. 31, 2013 |
Financing Receivable, Impaired [Line Items] | ' | ' | ' | ' |
Recorded Investment, With no related allowance recorded | $103,154 | $103,154 | ' | $94,001 |
Recorded Investment, With allowance recorded | 482,340 | 482,340 | ' | 742,553 |
Recorded Investment | 585,494 | 585,494 | ' | 836,554 |
Unpaid Principal Balance, With no related allowance recorded | 207,658 | 207,658 | ' | 181,809 |
Unpaid Principal Balance, With allowance recorded | 484,711 | 484,711 | ' | 782,252 |
Unpaid Principal Balance | 692,369 | 692,369 | ' | 964,061 |
Related Allowance, With no related allowance recorded | 0 | 0 | ' | 0 |
Related Allowance, With allowance recorded | 41,484 | 41,484 | ' | 67,997 |
Related Allowance | 41,484 | 41,484 | ' | 67,997 |
Average Recorded Investment, With no related allowance recorded | 100,712 | 95,048 | ' | 122,367 |
Average Recorded Investment, With allowance recorded | 550,012 | 625,374 | ' | 829,865 |
Average Recorded Investment | 650,724 | 720,422 | ' | 952,232 |
Interest Income Recognized, With no related allowance recorded | 0 | 0 | ' | 0 |
Interest Income Recognized, With allowance recorded | 3,987 | 7,980 | ' | 21,114 |
Interest Income Recognized | 3,987 | 7,980 | 0 | 21,114 |
Home Equity Lines [Member] | ' | ' | ' | ' |
Financing Receivable, Impaired [Line Items] | ' | ' | ' | ' |
Recorded Investment, With no related allowance recorded | 0 | 0 | ' | 0 |
Recorded Investment, With allowance recorded | 3,573 | 3,573 | ' | 2,750 |
Recorded Investment | 3,573 | 3,573 | ' | 2,750 |
Unpaid Principal Balance, With no related allowance recorded | 0 | 0 | ' | 0 |
Unpaid Principal Balance, With allowance recorded | 3,573 | 3,573 | ' | 2,750 |
Unpaid Principal Balance | 3,573 | 3,573 | ' | 2,750 |
Related Allowance, With no related allowance recorded | 0 | 0 | ' | 0 |
Related Allowance, With allowance recorded | 85 | 85 | ' | 116 |
Related Allowance | 85 | 85 | ' | 116 |
Average Recorded Investment, With no related allowance recorded | 0 | 0 | ' | 33 |
Average Recorded Investment, With allowance recorded | 3,342 | 2,974 | ' | 4,668 |
Average Recorded Investment | 3,342 | 2,974 | ' | 4,701 |
Interest Income Recognized, With no related allowance recorded | 0 | 0 | ' | 0 |
Interest Income Recognized, With allowance recorded | 32 | 32 | ' | 176 |
Interest Income Recognized | 32 | 32 | ' | 176 |
Consumer Mortgages [Member] | ' | ' | ' | ' |
Financing Receivable, Impaired [Line Items] | ' | ' | ' | ' |
Recorded Investment, With no related allowance recorded | 2,310 | 2,310 | ' | 1,180 |
Recorded Investment, With allowance recorded | 39,781 | 39,781 | ' | 44,019 |
Recorded Investment | 42,091 | 42,091 | ' | 45,199 |
Unpaid Principal Balance, With no related allowance recorded | 2,527 | 2,527 | ' | 2,840 |
Unpaid Principal Balance, With allowance recorded | 39,781 | 39,781 | ' | 44,019 |
Unpaid Principal Balance | 42,308 | 42,308 | ' | 46,859 |
Related Allowance, With no related allowance recorded | 0 | 0 | ' | 0 |
Related Allowance, With allowance recorded | 779 | 779 | ' | 967 |
Related Allowance | 779 | 779 | ' | 967 |
Average Recorded Investment, With no related allowance recorded | 1,889 | 1,271 | ' | 1,487 |
Average Recorded Investment, With allowance recorded | 39,940 | 41,265 | ' | 48,674 |
Average Recorded Investment | 41,829 | 42,536 | ' | 50,161 |
Interest Income Recognized, With no related allowance recorded | 0 | 0 | ' | 0 |
Interest Income Recognized, With allowance recorded | 471 | 541 | ' | 1,910 |
Interest Income Recognized | 471 | 541 | ' | 1,910 |
Credit Card Receivable [Member] | ' | ' | ' | ' |
Financing Receivable, Impaired [Line Items] | ' | ' | ' | ' |
Recorded Investment, With no related allowance recorded | 0 | 0 | ' | 0 |
Recorded Investment, With allowance recorded | 0 | 0 | ' | 0 |
Recorded Investment | 0 | 0 | ' | 0 |
Unpaid Principal Balance, With no related allowance recorded | 0 | 0 | ' | 0 |
Unpaid Principal Balance, With allowance recorded | 0 | 0 | ' | 0 |
Unpaid Principal Balance | 0 | 0 | ' | 0 |
Related Allowance, With no related allowance recorded | 0 | 0 | ' | 0 |
Related Allowance, With allowance recorded | 0 | 0 | ' | 0 |
Related Allowance | 0 | 0 | ' | 0 |
Average Recorded Investment, With no related allowance recorded | 0 | 0 | ' | 0 |
Average Recorded Investment, With allowance recorded | 0 | 0 | ' | 0 |
Average Recorded Investment | 0 | 0 | ' | 0 |
Interest Income Recognized, With no related allowance recorded | 0 | 0 | ' | 0 |
Interest Income Recognized, With allowance recorded | 0 | 0 | ' | 0 |
Interest Income Recognized | 0 | 0 | ' | 0 |
Other Retail Loans [Member] | ' | ' | ' | ' |
Financing Receivable, Impaired [Line Items] | ' | ' | ' | ' |
Recorded Investment, With no related allowance recorded | 0 | 0 | ' | 0 |
Recorded Investment, With allowance recorded | 5,517 | 5,517 | ' | 7,013 |
Recorded Investment | 5,517 | 5,517 | ' | 7,013 |
Unpaid Principal Balance, With no related allowance recorded | 0 | 0 | ' | 0 |
Unpaid Principal Balance, With allowance recorded | 5,517 | 5,517 | ' | 7,013 |
Unpaid Principal Balance | 5,517 | 5,517 | ' | 7,013 |
Related Allowance, With no related allowance recorded | 0 | 0 | ' | 0 |
Related Allowance, With allowance recorded | 97 | 97 | ' | 109 |
Related Allowance | 97 | 97 | ' | 109 |
Average Recorded Investment, With no related allowance recorded | 0 | 0 | ' | 4 |
Average Recorded Investment, With allowance recorded | 5,275 | 4,753 | ' | 5,555 |
Average Recorded Investment | 5,275 | 4,753 | ' | 5,559 |
Interest Income Recognized, With no related allowance recorded | 0 | 0 | ' | 0 |
Interest Income Recognized, With allowance recorded | 85 | 141 | ' | 285 |
Interest Income Recognized | 85 | 141 | ' | 285 |
Investment Properties [Member] | ' | ' | ' | ' |
Financing Receivable, Impaired [Line Items] | ' | ' | ' | ' |
Recorded Investment, With no related allowance recorded | 34,064 | 34,064 | ' | 14,218 |
Recorded Investment, With allowance recorded | 120,684 | 120,684 | ' | 186,058 |
Recorded Investment | 154,748 | 154,748 | ' | 200,276 |
Unpaid Principal Balance, With no related allowance recorded | 45,351 | 45,351 | ' | 15,820 |
Unpaid Principal Balance, With allowance recorded | 121,771 | 121,771 | ' | 193,765 |
Unpaid Principal Balance | 167,122 | 167,122 | ' | 209,585 |
Related Allowance, With no related allowance recorded | 0 | 0 | ' | 0 |
Related Allowance, With allowance recorded | 3,757 | 3,757 | ' | 8,863 |
Related Allowance | 3,757 | 3,757 | ' | 8,863 |
Average Recorded Investment, With no related allowance recorded | 27,491 | 20,840 | ' | 18,046 |
Average Recorded Investment, With allowance recorded | 136,574 | 152,469 | ' | 226,987 |
Average Recorded Investment | 164,065 | 173,309 | ' | 245,033 |
Interest Income Recognized, With no related allowance recorded | 0 | 0 | ' | 0 |
Interest Income Recognized, With allowance recorded | 992 | 2,070 | ' | 5,062 |
Interest Income Recognized | 992 | 2,070 | ' | 5,062 |
1-4 Family Properties [Member] | ' | ' | ' | ' |
Financing Receivable, Impaired [Line Items] | ' | ' | ' | ' |
Recorded Investment, With no related allowance recorded | 4,036 | 4,036 | ' | 9,679 |
Recorded Investment, With allowance recorded | 93,058 | 93,058 | ' | 115,063 |
Recorded Investment | 97,094 | 97,094 | ' | 124,742 |
Unpaid Principal Balance, With no related allowance recorded | 21,206 | 21,206 | ' | 29,741 |
Unpaid Principal Balance, With allowance recorded | 93,916 | 93,916 | ' | 117,410 |
Unpaid Principal Balance | 115,122 | 115,122 | ' | 147,151 |
Related Allowance, With no related allowance recorded | 0 | 0 | ' | 0 |
Related Allowance, With allowance recorded | 12,782 | 12,782 | ' | 11,126 |
Related Allowance | 12,782 | 12,782 | ' | 11,126 |
Average Recorded Investment, With no related allowance recorded | 5,219 | 6,901 | ' | 23,879 |
Average Recorded Investment, With allowance recorded | 95,931 | 103,152 | ' | 115,614 |
Average Recorded Investment | 101,150 | 110,053 | ' | 139,493 |
Interest Income Recognized, With no related allowance recorded | 0 | 0 | ' | 0 |
Interest Income Recognized, With allowance recorded | 763 | 1,577 | ' | 3,464 |
Interest Income Recognized | 763 | 1,577 | ' | 3,464 |
Land Acquisition [Member] | ' | ' | ' | ' |
Financing Receivable, Impaired [Line Items] | ' | ' | ' | ' |
Recorded Investment, With no related allowance recorded | 30,896 | 30,896 | ' | 30,595 |
Recorded Investment, With allowance recorded | 48,676 | 48,676 | ' | 183,029 |
Recorded Investment | 79,572 | 79,572 | ' | 213,624 |
Unpaid Principal Balance, With no related allowance recorded | 94,899 | 94,899 | ' | 78,470 |
Unpaid Principal Balance, With allowance recorded | 48,780 | 48,780 | ' | 202,048 |
Unpaid Principal Balance | 143,679 | 143,679 | ' | 280,518 |
Related Allowance, With no related allowance recorded | 0 | 0 | ' | 0 |
Related Allowance, With allowance recorded | 4,931 | 4,931 | ' | 26,789 |
Related Allowance | 4,931 | 4,931 | ' | 26,789 |
Average Recorded Investment, With no related allowance recorded | 34,596 | 31,988 | ' | 41,007 |
Average Recorded Investment, With allowance recorded | 86,284 | 130,032 | ' | 191,807 |
Average Recorded Investment | 120,880 | 162,020 | ' | 232,814 |
Interest Income Recognized, With no related allowance recorded | 0 | 0 | ' | 0 |
Interest Income Recognized, With allowance recorded | 374 | 846 | ' | 2,931 |
Interest Income Recognized | 374 | 846 | ' | 2,931 |
Commercial Real Estate [Member] | ' | ' | ' | ' |
Financing Receivable, Impaired [Line Items] | ' | ' | ' | ' |
Recorded Investment, With no related allowance recorded | 68,996 | 68,996 | ' | 54,492 |
Recorded Investment, With allowance recorded | 262,418 | 262,418 | ' | 484,150 |
Recorded Investment | 331,414 | 331,414 | ' | 538,642 |
Unpaid Principal Balance, With no related allowance recorded | 161,456 | 161,456 | ' | 124,031 |
Unpaid Principal Balance, With allowance recorded | 264,467 | 264,467 | ' | 513,223 |
Unpaid Principal Balance | 425,923 | 425,923 | ' | 637,254 |
Related Allowance, With no related allowance recorded | 0 | 0 | ' | 0 |
Related Allowance, With allowance recorded | 21,470 | 21,470 | ' | 46,778 |
Related Allowance | 21,470 | 21,470 | ' | 46,778 |
Average Recorded Investment, With no related allowance recorded | 67,306 | 59,729 | ' | 82,932 |
Average Recorded Investment, With allowance recorded | 318,789 | 385,653 | ' | 534,408 |
Average Recorded Investment | 386,095 | 445,382 | ' | 617,340 |
Interest Income Recognized, With no related allowance recorded | 0 | 0 | ' | 0 |
Interest Income Recognized, With allowance recorded | 2,129 | 4,493 | ' | 11,457 |
Interest Income Recognized | 2,129 | 4,493 | ' | 11,457 |
Commercial, Financial and Agricultural [Member] | ' | ' | ' | ' |
Financing Receivable, Impaired [Line Items] | ' | ' | ' | ' |
Recorded Investment, With no related allowance recorded | 10,242 | 10,242 | ' | 13,490 |
Recorded Investment, With allowance recorded | 80,669 | 80,669 | ' | 112,291 |
Recorded Investment | 90,911 | 90,911 | ' | 125,781 |
Unpaid Principal Balance, With no related allowance recorded | 20,296 | 20,296 | ' | 22,312 |
Unpaid Principal Balance, With allowance recorded | 80,834 | 80,834 | ' | 117,049 |
Unpaid Principal Balance | 101,130 | 101,130 | ' | 139,361 |
Related Allowance, With no related allowance recorded | 0 | 0 | ' | 0 |
Related Allowance, With allowance recorded | 14,666 | 14,666 | ' | 15,364 |
Related Allowance | 14,666 | 14,666 | ' | 15,364 |
Average Recorded Investment, With no related allowance recorded | 10,046 | 11,483 | ' | 15,355 |
Average Recorded Investment, With allowance recorded | 94,848 | 100,319 | ' | 126,242 |
Average Recorded Investment | 104,894 | 111,802 | ' | 141,597 |
Interest Income Recognized, With no related allowance recorded | 0 | 0 | ' | 0 |
Interest Income Recognized, With allowance recorded | 503 | 1,261 | ' | 3,534 |
Interest Income Recognized | 503 | 1,261 | ' | 3,534 |
Owner-Occupied [Member] | ' | ' | ' | ' |
Financing Receivable, Impaired [Line Items] | ' | ' | ' | ' |
Recorded Investment, With no related allowance recorded | 21,606 | 21,606 | ' | 24,839 |
Recorded Investment, With allowance recorded | 80,850 | 80,850 | ' | 86,661 |
Recorded Investment | 102,456 | 102,456 | ' | 111,500 |
Unpaid Principal Balance, With no related allowance recorded | 23,379 | 23,379 | ' | 32,626 |
Unpaid Principal Balance, With allowance recorded | 81,007 | 81,007 | ' | 92,529 |
Unpaid Principal Balance | 104,386 | 104,386 | ' | 125,155 |
Related Allowance, With no related allowance recorded | 0 | 0 | ' | 0 |
Related Allowance, With allowance recorded | 3,943 | 3,943 | ' | 4,327 |
Related Allowance | 3,943 | 3,943 | ' | 4,327 |
Average Recorded Investment, With no related allowance recorded | 21,471 | 22,565 | ' | 22,556 |
Average Recorded Investment, With allowance recorded | 78,791 | 82,376 | ' | 106,186 |
Average Recorded Investment | 100,262 | 104,941 | ' | 128,742 |
Interest Income Recognized, With no related allowance recorded | 0 | 0 | ' | 0 |
Interest Income Recognized, With allowance recorded | 670 | 1,400 | ' | 3,590 |
Interest Income Recognized | 670 | 1,400 | ' | 3,590 |
Small Business [Member] | ' | ' | ' | ' |
Financing Receivable, Impaired [Line Items] | ' | ' | ' | ' |
Recorded Investment, With no related allowance recorded | 0 | 0 | ' | 0 |
Recorded Investment, With allowance recorded | 9,532 | 9,532 | ' | 5,669 |
Recorded Investment | 9,532 | 9,532 | ' | 5,669 |
Unpaid Principal Balance, With no related allowance recorded | 0 | 0 | ' | 0 |
Unpaid Principal Balance, With allowance recorded | 9,532 | 9,532 | ' | 5,669 |
Unpaid Principal Balance | 9,532 | 9,532 | ' | 5,669 |
Related Allowance, With no related allowance recorded | 0 | 0 | ' | 0 |
Related Allowance, With allowance recorded | 444 | 444 | ' | 336 |
Related Allowance | 444 | 444 | ' | 336 |
Average Recorded Investment, With no related allowance recorded | 0 | 0 | ' | 0 |
Average Recorded Investment, With allowance recorded | 9,027 | 8,034 | ' | 4,132 |
Average Recorded Investment | 9,027 | 8,034 | ' | 4,132 |
Interest Income Recognized, With no related allowance recorded | 0 | 0 | ' | 0 |
Interest Income Recognized, With allowance recorded | 97 | 112 | ' | 162 |
Interest Income Recognized | 97 | 112 | ' | 162 |
Commercial and Industrial [Member] | ' | ' | ' | ' |
Financing Receivable, Impaired [Line Items] | ' | ' | ' | ' |
Recorded Investment, With no related allowance recorded | 31,848 | 31,848 | ' | 38,329 |
Recorded Investment, With allowance recorded | 171,051 | 171,051 | ' | 204,621 |
Recorded Investment | 202,899 | 202,899 | ' | 242,950 |
Unpaid Principal Balance, With no related allowance recorded | 43,675 | 43,675 | ' | 54,938 |
Unpaid Principal Balance, With allowance recorded | 171,373 | 171,373 | ' | 215,247 |
Unpaid Principal Balance | 215,048 | 215,048 | ' | 270,185 |
Related Allowance, With no related allowance recorded | 0 | 0 | ' | 0 |
Related Allowance, With allowance recorded | 19,053 | 19,053 | ' | 20,027 |
Related Allowance | 19,053 | 19,053 | ' | 20,027 |
Average Recorded Investment, With no related allowance recorded | 31,517 | 34,048 | ' | 37,911 |
Average Recorded Investment, With allowance recorded | 182,666 | 190,729 | ' | 236,560 |
Average Recorded Investment | 214,183 | 224,777 | ' | 274,471 |
Interest Income Recognized, With no related allowance recorded | 0 | 0 | ' | 0 |
Interest Income Recognized, With allowance recorded | 1,270 | 2,773 | ' | 7,286 |
Interest Income Recognized | 1,270 | 2,773 | ' | 7,286 |
Retail [Member] | ' | ' | ' | ' |
Financing Receivable, Impaired [Line Items] | ' | ' | ' | ' |
Recorded Investment, With no related allowance recorded | 2,310 | 2,310 | ' | 1,180 |
Recorded Investment, With allowance recorded | 48,871 | 48,871 | ' | 53,782 |
Recorded Investment | 51,181 | 51,181 | ' | 54,962 |
Unpaid Principal Balance, With no related allowance recorded | 2,527 | 2,527 | ' | 2,840 |
Unpaid Principal Balance, With allowance recorded | 48,871 | 48,871 | ' | 53,782 |
Unpaid Principal Balance | 51,398 | 51,398 | ' | 56,622 |
Related Allowance, With no related allowance recorded | 0 | 0 | ' | 0 |
Related Allowance, With allowance recorded | 961 | 961 | ' | 1,192 |
Related Allowance | 961 | 961 | ' | 1,192 |
Average Recorded Investment, With no related allowance recorded | 1,889 | 1,271 | ' | 1,524 |
Average Recorded Investment, With allowance recorded | 48,557 | 48,992 | ' | 58,897 |
Average Recorded Investment | 50,446 | 50,263 | ' | 60,421 |
Interest Income Recognized, With no related allowance recorded | 0 | 0 | ' | 0 |
Interest Income Recognized, With allowance recorded | 588 | 714 | ' | 2,371 |
Interest Income Recognized | $588 | $714 | ' | $2,371 |
Loans_and_Allowance_for_Loan_L7
Loans and Allowance for Loan Losses (Troubled Debt Restructurings) (Details) (USD $) | 3 Months Ended | 6 Months Ended | ||||||
In Thousands, unless otherwise specified | Jun. 30, 2014 | Jun. 30, 2013 | Jun. 30, 2014 | Jun. 30, 2013 | ||||
Contract | Contract | Contract | Contract | |||||
Financing Receivable, Modifications [Line Items] | ' | ' | ' | ' | ||||
Number of Contracts | 75 | 147 | 127 | 336 | ||||
Recorded Investment | $52,025 | [1] | $104,221 | [1] | $74,660 | [2] | $166,402 | [2] |
Net charge-offs | ' | ' | ' | 53 | ||||
Home Equity Lines [Member] | ' | ' | ' | ' | ||||
Financing Receivable, Modifications [Line Items] | ' | ' | ' | ' | ||||
Number of Contracts | 4 | 0 | 6 | 1 | ||||
Recorded Investment | 892 | 0 | 1,179 | 80 | ||||
Consumer Mortgages [Member] | ' | ' | ' | ' | ||||
Financing Receivable, Modifications [Line Items] | ' | ' | ' | ' | ||||
Number of Contracts | 7 | 38 | 8 | 84 | ||||
Recorded Investment | 1,755 | 2,639 | 1,856 | 10,162 | ||||
Credit Cards [Member] | ' | ' | ' | ' | ||||
Financing Receivable, Modifications [Line Items] | ' | ' | ' | ' | ||||
Number of Contracts | 0 | 0 | 0 | 0 | ||||
Recorded Investment | 0 | 0 | 0 | 0 | ||||
Other Retail Loans [Member] | ' | ' | ' | ' | ||||
Financing Receivable, Modifications [Line Items] | ' | ' | ' | ' | ||||
Number of Contracts | 6 | 14 | 10 | 38 | ||||
Recorded Investment | 560 | 450 | 677 | 1,488 | ||||
Investment Properties [Member] | ' | ' | ' | ' | ||||
Financing Receivable, Modifications [Line Items] | ' | ' | ' | ' | ||||
Number of Contracts | 3 | 17 | 6 | 31 | ||||
Recorded Investment | 1,019 | 33,633 | 8,482 | 51,524 | ||||
1-4 Family Properties [Member] | ' | ' | ' | ' | ||||
Financing Receivable, Modifications [Line Items] | ' | ' | ' | ' | ||||
Number of Contracts | 14 | 21 | 18 | 58 | ||||
Recorded Investment | 1,328 | 19,379 | 2,547 | 30,951 | ||||
Land Acquisition [Member] | ' | ' | ' | ' | ||||
Financing Receivable, Modifications [Line Items] | ' | ' | ' | ' | ||||
Number of Contracts | 10 | 6 | 11 | 16 | ||||
Recorded Investment | 5,790 | 8,255 | 6,324 | 12,637 | ||||
Commercial Real Estate [Member] | ' | ' | ' | ' | ||||
Financing Receivable, Modifications [Line Items] | ' | ' | ' | ' | ||||
Number of Contracts | 27 | 44 | 35 | 105 | ||||
Recorded Investment | 8,137 | 61,267 | 17,353 | 95,112 | ||||
Commercial, Financial and Agricultural [Member] | ' | ' | ' | ' | ||||
Financing Receivable, Modifications [Line Items] | ' | ' | ' | ' | ||||
Number of Contracts | 6 | 30 | 13 | 57 | ||||
Recorded Investment | 9,316 | 16,683 | 13,312 | 27,080 | ||||
Owner-Occupied [Member] | ' | ' | ' | ' | ||||
Financing Receivable, Modifications [Line Items] | ' | ' | ' | ' | ||||
Number of Contracts | 2 | 10 | 9 | 27 | ||||
Recorded Investment | 28,160 | 22,218 | 33,466 | 29,955 | ||||
Small Business [Member] | ' | ' | ' | ' | ||||
Financing Receivable, Modifications [Line Items] | ' | ' | ' | ' | ||||
Number of Contracts | 23 | 11 | 46 | 24 | ||||
Recorded Investment | 3,205 | 964 | 6,817 | 2,525 | ||||
Commercial and Industrial [Member] | ' | ' | ' | ' | ||||
Financing Receivable, Modifications [Line Items] | ' | ' | ' | ' | ||||
Number of Contracts | 31 | 51 | 68 | 108 | ||||
Recorded Investment | 40,681 | 39,865 | 53,595 | 59,560 | ||||
Retail [Member] | ' | ' | ' | ' | ||||
Financing Receivable, Modifications [Line Items] | ' | ' | ' | ' | ||||
Number of Contracts | 17 | 52 | 24 | 123 | ||||
Recorded Investment | 3,207 | 3,089 | 3,712 | 11,730 | ||||
Principal Forgiveness [Member] | ' | ' | ' | ' | ||||
Financing Receivable, Modifications [Line Items] | ' | ' | ' | ' | ||||
Recorded Investment | 0 | 0 | 0 | 681 | ||||
Principal Forgiveness [Member] | Home Equity Lines [Member] | ' | ' | ' | ' | ||||
Financing Receivable, Modifications [Line Items] | ' | ' | ' | ' | ||||
Recorded Investment | 0 | 0 | 0 | 0 | ||||
Principal Forgiveness [Member] | Consumer Mortgages [Member] | ' | ' | ' | ' | ||||
Financing Receivable, Modifications [Line Items] | ' | ' | ' | ' | ||||
Recorded Investment | 0 | 0 | 0 | 0 | ||||
Principal Forgiveness [Member] | Credit Cards [Member] | ' | ' | ' | ' | ||||
Financing Receivable, Modifications [Line Items] | ' | ' | ' | ' | ||||
Recorded Investment | 0 | 0 | 0 | 0 | ||||
Principal Forgiveness [Member] | Other Retail Loans [Member] | ' | ' | ' | ' | ||||
Financing Receivable, Modifications [Line Items] | ' | ' | ' | ' | ||||
Recorded Investment | 0 | 0 | 0 | 0 | ||||
Principal Forgiveness [Member] | Investment Properties [Member] | ' | ' | ' | ' | ||||
Financing Receivable, Modifications [Line Items] | ' | ' | ' | ' | ||||
Recorded Investment | 0 | 0 | 0 | 0 | ||||
Principal Forgiveness [Member] | 1-4 Family Properties [Member] | ' | ' | ' | ' | ||||
Financing Receivable, Modifications [Line Items] | ' | ' | ' | ' | ||||
Recorded Investment | 0 | 0 | 0 | 424 | ||||
Principal Forgiveness [Member] | Land Acquisition [Member] | ' | ' | ' | ' | ||||
Financing Receivable, Modifications [Line Items] | ' | ' | ' | ' | ||||
Recorded Investment | 0 | 0 | 0 | 74 | ||||
Principal Forgiveness [Member] | Commercial Real Estate [Member] | ' | ' | ' | ' | ||||
Financing Receivable, Modifications [Line Items] | ' | ' | ' | ' | ||||
Recorded Investment | 0 | 0 | 0 | 498 | ||||
Principal Forgiveness [Member] | Commercial, Financial and Agricultural [Member] | ' | ' | ' | ' | ||||
Financing Receivable, Modifications [Line Items] | ' | ' | ' | ' | ||||
Recorded Investment | 0 | 0 | 0 | 183 | ||||
Principal Forgiveness [Member] | Owner-Occupied [Member] | ' | ' | ' | ' | ||||
Financing Receivable, Modifications [Line Items] | ' | ' | ' | ' | ||||
Recorded Investment | 0 | 0 | 0 | 0 | ||||
Principal Forgiveness [Member] | Small Business [Member] | ' | ' | ' | ' | ||||
Financing Receivable, Modifications [Line Items] | ' | ' | ' | ' | ||||
Recorded Investment | 0 | 0 | 0 | 0 | ||||
Principal Forgiveness [Member] | Commercial and Industrial [Member] | ' | ' | ' | ' | ||||
Financing Receivable, Modifications [Line Items] | ' | ' | ' | ' | ||||
Recorded Investment | 0 | 0 | 0 | 183 | ||||
Principal Forgiveness [Member] | Retail [Member] | ' | ' | ' | ' | ||||
Financing Receivable, Modifications [Line Items] | ' | ' | ' | ' | ||||
Recorded Investment | 0 | 0 | 0 | 0 | ||||
Below Market Interest Rate [Member] | ' | ' | ' | ' | ||||
Financing Receivable, Modifications [Line Items] | ' | ' | ' | ' | ||||
Recorded Investment | 28,322 | 71,884 | 40,515 | 118,543 | ||||
Below Market Interest Rate [Member] | Home Equity Lines [Member] | ' | ' | ' | ' | ||||
Financing Receivable, Modifications [Line Items] | ' | ' | ' | ' | ||||
Recorded Investment | 487 | 0 | 728 | 0 | ||||
Below Market Interest Rate [Member] | Consumer Mortgages [Member] | ' | ' | ' | ' | ||||
Financing Receivable, Modifications [Line Items] | ' | ' | ' | ' | ||||
Recorded Investment | 1,652 | 2,204 | 1,753 | 7,124 | ||||
Below Market Interest Rate [Member] | Credit Cards [Member] | ' | ' | ' | ' | ||||
Financing Receivable, Modifications [Line Items] | ' | ' | ' | ' | ||||
Recorded Investment | 0 | 0 | 0 | 0 | ||||
Below Market Interest Rate [Member] | Other Retail Loans [Member] | ' | ' | ' | ' | ||||
Financing Receivable, Modifications [Line Items] | ' | ' | ' | ' | ||||
Recorded Investment | 442 | 88 | 442 | 460 | ||||
Below Market Interest Rate [Member] | Investment Properties [Member] | ' | ' | ' | ' | ||||
Financing Receivable, Modifications [Line Items] | ' | ' | ' | ' | ||||
Recorded Investment | 0 | 31,375 | 7,143 | 47,152 | ||||
Below Market Interest Rate [Member] | 1-4 Family Properties [Member] | ' | ' | ' | ' | ||||
Financing Receivable, Modifications [Line Items] | ' | ' | ' | ' | ||||
Recorded Investment | 903 | 17,067 | 1,036 | 24,031 | ||||
Below Market Interest Rate [Member] | Land Acquisition [Member] | ' | ' | ' | ' | ||||
Financing Receivable, Modifications [Line Items] | ' | ' | ' | ' | ||||
Recorded Investment | 4,282 | 1,353 | 4,282 | 5,332 | ||||
Below Market Interest Rate [Member] | Commercial Real Estate [Member] | ' | ' | ' | ' | ||||
Financing Receivable, Modifications [Line Items] | ' | ' | ' | ' | ||||
Recorded Investment | 5,185 | 49,795 | 12,461 | 76,515 | ||||
Below Market Interest Rate [Member] | Commercial, Financial and Agricultural [Member] | ' | ' | ' | ' | ||||
Financing Receivable, Modifications [Line Items] | ' | ' | ' | ' | ||||
Recorded Investment | 2,279 | 9,430 | 4,070 | 17,907 | ||||
Below Market Interest Rate [Member] | Owner-Occupied [Member] | ' | ' | ' | ' | ||||
Financing Receivable, Modifications [Line Items] | ' | ' | ' | ' | ||||
Recorded Investment | 16,827 | 10,337 | 19,315 | 15,620 | ||||
Below Market Interest Rate [Member] | Small Business [Member] | ' | ' | ' | ' | ||||
Financing Receivable, Modifications [Line Items] | ' | ' | ' | ' | ||||
Recorded Investment | 1,450 | 30 | 1,746 | 917 | ||||
Below Market Interest Rate [Member] | Commercial and Industrial [Member] | ' | ' | ' | ' | ||||
Financing Receivable, Modifications [Line Items] | ' | ' | ' | ' | ||||
Recorded Investment | 20,556 | 19,797 | 25,131 | 34,444 | ||||
Below Market Interest Rate [Member] | Retail [Member] | ' | ' | ' | ' | ||||
Financing Receivable, Modifications [Line Items] | ' | ' | ' | ' | ||||
Recorded Investment | 2,581 | 2,292 | 2,923 | 7,584 | ||||
Term Extensions and or Other Concessions [Member] | ' | ' | ' | ' | ||||
Financing Receivable, Modifications [Line Items] | ' | ' | ' | ' | ||||
Recorded Investment | 23,703 | 32,337 | 34,145 | 47,178 | ||||
Term Extensions and or Other Concessions [Member] | Home Equity Lines [Member] | ' | ' | ' | ' | ||||
Financing Receivable, Modifications [Line Items] | ' | ' | ' | ' | ||||
Recorded Investment | 405 | 0 | 451 | 80 | ||||
Term Extensions and or Other Concessions [Member] | Consumer Mortgages [Member] | ' | ' | ' | ' | ||||
Financing Receivable, Modifications [Line Items] | ' | ' | ' | ' | ||||
Recorded Investment | 103 | 435 | 103 | 3,038 | ||||
Term Extensions and or Other Concessions [Member] | Credit Cards [Member] | ' | ' | ' | ' | ||||
Financing Receivable, Modifications [Line Items] | ' | ' | ' | ' | ||||
Recorded Investment | ' | 0 | 0 | 0 | ||||
Term Extensions and or Other Concessions [Member] | Other Retail Loans [Member] | ' | ' | ' | ' | ||||
Financing Receivable, Modifications [Line Items] | ' | ' | ' | ' | ||||
Recorded Investment | 118 | 362 | 235 | 1,028 | ||||
Term Extensions and or Other Concessions [Member] | Investment Properties [Member] | ' | ' | ' | ' | ||||
Financing Receivable, Modifications [Line Items] | ' | ' | ' | ' | ||||
Recorded Investment | 1,019 | 2,258 | 1,339 | 4,372 | ||||
Term Extensions and or Other Concessions [Member] | 1-4 Family Properties [Member] | ' | ' | ' | ' | ||||
Financing Receivable, Modifications [Line Items] | ' | ' | ' | ' | ||||
Recorded Investment | 425 | 2,312 | 1,511 | 6,496 | ||||
Term Extensions and or Other Concessions [Member] | Land Acquisition [Member] | ' | ' | ' | ' | ||||
Financing Receivable, Modifications [Line Items] | ' | ' | ' | ' | ||||
Recorded Investment | 1,508 | 6,902 | 2,042 | 7,231 | ||||
Term Extensions and or Other Concessions [Member] | Commercial Real Estate [Member] | ' | ' | ' | ' | ||||
Financing Receivable, Modifications [Line Items] | ' | ' | ' | ' | ||||
Recorded Investment | 2,952 | 11,472 | 4,892 | 18,099 | ||||
Term Extensions and or Other Concessions [Member] | Commercial, Financial and Agricultural [Member] | ' | ' | ' | ' | ||||
Financing Receivable, Modifications [Line Items] | ' | ' | ' | ' | ||||
Recorded Investment | 7,037 | 7,253 | 9,242 | 8,990 | ||||
Term Extensions and or Other Concessions [Member] | Owner-Occupied [Member] | ' | ' | ' | ' | ||||
Financing Receivable, Modifications [Line Items] | ' | ' | ' | ' | ||||
Recorded Investment | 11,333 | 11,881 | 14,151 | 14,335 | ||||
Term Extensions and or Other Concessions [Member] | Small Business [Member] | ' | ' | ' | ' | ||||
Financing Receivable, Modifications [Line Items] | ' | ' | ' | ' | ||||
Recorded Investment | 1,755 | 934 | 5,071 | 1,608 | ||||
Term Extensions and or Other Concessions [Member] | Commercial and Industrial [Member] | ' | ' | ' | ' | ||||
Financing Receivable, Modifications [Line Items] | ' | ' | ' | ' | ||||
Recorded Investment | 20,125 | 20,068 | 28,464 | 24,933 | ||||
Term Extensions and or Other Concessions [Member] | Retail [Member] | ' | ' | ' | ' | ||||
Financing Receivable, Modifications [Line Items] | ' | ' | ' | ' | ||||
Recorded Investment | $626 | $797 | $789 | $4,146 | ||||
[1] | No net charge-offs were recorded during the three months ended June 30, 2014 upon restructuring of these loans. | |||||||
[2] | No net charge-offs were recorded during the six months ended June 30, 2014 upon restructuring of these loans. |
Loans_and_Allowance_for_Loan_L8
Loans and Allowance for Loan Losses (Troubled Debt Restructurings That Subsequently Defaulted) (Details) (Troubled Debt Restructurings That Subsequently Defaulted [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 | ||||
Contract | Contract | Contract | Contract | |||||
Financing Receivable, Modifications [Line Items] | ' | ' | ' | ' | ||||
Number of Contracts | 6 | [1] | 13 | [1] | 8 | [1] | 30 | [1] |
Recorded Investment | $2,372 | [1] | $2,561 | [1] | $3,080 | [1] | $17,905 | [1] |
Home Equity Lines [Member] | ' | ' | ' | ' | ||||
Financing Receivable, Modifications [Line Items] | ' | ' | ' | ' | ||||
Number of Contracts | 0 | [1] | 0 | [1] | 0 | [1] | 0 | [1] |
Recorded Investment | 0 | [1] | 0 | [1] | 0 | [1] | 0 | [1] |
Consumer Mortgages [Member] | ' | ' | ' | ' | ||||
Financing Receivable, Modifications [Line Items] | ' | ' | ' | ' | ||||
Number of Contracts | 1 | [1] | 3 | [1] | 1 | [1] | 13 | [1] |
Recorded Investment | 70 | [1] | 420 | [1] | 70 | [1] | 978 | [1] |
Credit Cards [Member] | ' | ' | ' | ' | ||||
Financing Receivable, Modifications [Line Items] | ' | ' | ' | ' | ||||
Number of Contracts | 0 | [1] | 0 | [1] | 0 | [1] | 0 | [1] |
Recorded Investment | 0 | [1] | 0 | [1] | 0 | [1] | 0 | [1] |
Other Retail Loans [Member] | ' | ' | ' | ' | ||||
Financing Receivable, Modifications [Line Items] | ' | ' | ' | ' | ||||
Number of Contracts | 0 | [1] | 0 | [1] | 0 | [1] | 1 | [1] |
Recorded Investment | 0 | [1] | 0 | [1] | 0 | [1] | 195 | [1] |
Investment Properties [Member] | ' | ' | ' | ' | ||||
Financing Receivable, Modifications [Line Items] | ' | ' | ' | ' | ||||
Number of Contracts | 0 | [1] | 0 | [1] | 1 | [1] | 2 | [1] |
Recorded Investment | 0 | [1] | 0 | [1] | 186 | [1] | 4,519 | [1] |
1-4 Family Properties [Member] | ' | ' | ' | ' | ||||
Financing Receivable, Modifications [Line Items] | ' | ' | ' | ' | ||||
Number of Contracts | 3 | [1] | 6 | [1] | 3 | [1] | 8 | [1] |
Recorded Investment | 1,018 | [1] | 1,809 | [1] | 1,018 | [1] | 10,754 | [1] |
Land Acquisition [Member] | ' | ' | ' | ' | ||||
Financing Receivable, Modifications [Line Items] | ' | ' | ' | ' | ||||
Number of Contracts | 1 | [1] | 1 | [1] | 1 | [1] | 1 | [1] |
Recorded Investment | 428 | [1] | 125 | [1] | 428 | [1] | 126 | [1] |
Commercial Real Estate [Member] | ' | ' | ' | ' | ||||
Financing Receivable, Modifications [Line Items] | ' | ' | ' | ' | ||||
Number of Contracts | 4 | [1] | 7 | [1] | 5 | [1] | 11 | [1] |
Recorded Investment | 1,446 | [1] | 1,934 | [1] | 1,632 | [1] | 15,399 | [1] |
Commercial, Financial and Agricultural [Member] | ' | ' | ' | ' | ||||
Financing Receivable, Modifications [Line Items] | ' | ' | ' | ' | ||||
Number of Contracts | 1 | [1] | 1 | [1] | 2 | [1] | 2 | [1] |
Recorded Investment | 856 | [1] | 119 | [1] | 1,378 | [1] | 389 | [1] |
Owner-Occupied [Member] | ' | ' | ' | ' | ||||
Financing Receivable, Modifications [Line Items] | ' | ' | ' | ' | ||||
Number of Contracts | 0 | [1] | 1 | [1] | 0 | [1] | 2 | [1] |
Recorded Investment | 0 | [1] | 68 | [1] | 0 | [1] | 924 | [1] |
Small Business [Member] | ' | ' | ' | ' | ||||
Financing Receivable, Modifications [Line Items] | ' | ' | ' | ' | ||||
Number of Contracts | 0 | [1] | 1 | [1] | 0 | [1] | 1 | [1] |
Recorded Investment | 0 | [1] | 20 | [1] | 0 | [1] | 20 | [1] |
Commercial and Industrial [Member] | ' | ' | ' | ' | ||||
Financing Receivable, Modifications [Line Items] | ' | ' | ' | ' | ||||
Number of Contracts | 1 | [1] | 3 | [1] | 2 | [1] | 5 | [1] |
Recorded Investment | 856 | [1] | 207 | [1] | 1,378 | [1] | 1,333 | [1] |
Retail [Member] | ' | ' | ' | ' | ||||
Financing Receivable, Modifications [Line Items] | ' | ' | ' | ' | ||||
Number of Contracts | 1 | [1] | 3 | [1] | 1 | [1] | 14 | [1] |
Recorded Investment | $70 | [1] | $420 | [1] | $70 | [1] | $1,173 | [1] |
[1] | Default is defined as the earlier of the troubled debt restructuring being placed on non-accrual status or reaching 90 days past due with respect to principal and/or interest payments. |
Other_Real_Estate_Details
Other Real Estate (Details) (USD $) | 3 Months Ended | 6 Months Ended | |||
Jun. 30, 2014 | Jun. 30, 2013 | Jun. 30, 2014 | Jun. 30, 2013 | Dec. 31, 2013 | |
Other Real Estate, Foreclosed Assets, and Repossessed Assets [Abstract] | ' | ' | ' | ' | ' |
Other real estate | $101,533,000 | ' | $101,533,000 | ' | $112,629,000 |
Loans foreclosed and transferred to other real estate | ' | ' | 25,300,000 | 53,200,000 | ' |
Foreclosed real estate expense, net | 4,063,000 | 7,502,000 | 9,745,000 | 18,441,000 | ' |
Write-downs to net realizable value and losses resulting from sales transactions | ' | ' | $8,229,000 | $14,314,000 | ' |
Goodwill_Details
Goodwill (Details) (USD $) | Jun. 30, 2014 | Dec. 31, 2013 | Jun. 30, 2014 | Jun. 30, 2014 |
Weighted Approach (Income and Market Approach Evenly Weighted) [Member] | Investment Advisory Services [Member] | |||
Weighted Approach (Income and Market Approach Evenly Weighted) [Member] | ||||
Goodwill [Line Items] | ' | ' | ' | ' |
Goodwill | $24,431,000 | $24,431,000 | $134,100,000 | $76,600,000 |
Goodwill, impairment loss | ' | ' | ' | $57,500,000 |
Goodwill, impairment loss, percentage | ' | ' | ' | 75.00% |
Other_Comprehensive_Income_Nar
Other Comprehensive Income (Narrative) (Details) (USD $) | Jun. 30, 2014 | Mar. 31, 2014 | Dec. 31, 2013 | Jun. 30, 2013 | Mar. 31, 2013 | Dec. 31, 2012 |
In Thousands, unless otherwise specified | ||||||
Class of Stock [Line Items] | ' | ' | ' | ' | ' | ' |
Accumulated other comprehensive income (loss) | ($13,716) | ($30,463) | ($41,258) | ($33,060) | $2,787 | $4,101 |
Net Unrealized Gains (Losses) on Cash Flow Hedges [Member] | ' | ' | ' | ' | ' | ' |
Class of Stock [Line Items] | ' | ' | ' | ' | ' | ' |
Accumulated other comprehensive income (loss) | -12,962 | -13,030 | -13,099 | -13,237 | -13,304 | -13,373 |
Net Unrealized Gains (Losses) on Cash Flow Hedges [Member] | Valuation Allowance of Deferred Tax Assets [Member] | ' | ' | ' | ' | ' | ' |
Class of Stock [Line Items] | ' | ' | ' | ' | ' | ' |
Accumulated other comprehensive income (loss) | -12,100 | ' | ' | ' | ' | ' |
Net Unrealized Gains (Losses) on Investment Securities Available for Sale [Member] | ' | ' | ' | ' | ' | ' |
Class of Stock [Line Items] | ' | ' | ' | ' | ' | ' |
Accumulated other comprehensive income (loss) | -1,686 | -18,166 | -28,936 | -20,689 | 15,751 | 17,111 |
Net Unrealized Gains (Losses) on Investment Securities Available for Sale [Member] | Valuation Allowance of Deferred Tax Assets [Member] | ' | ' | ' | ' | ' | ' |
Class of Stock [Line Items] | ' | ' | ' | ' | ' | ' |
Accumulated other comprehensive income (loss) | ($13,300) | ' | ' | ' | ' | ' |
Other_Comprehensive_Income_Cha
Other Comprehensive Income (Changes in Accumulated Other Comprehensive Income (Loss) by Component (Net of Income Taxes)) (Details) (USD $) | 3 Months Ended | 6 Months Ended | ||
In Thousands, unless otherwise specified | Jun. 30, 2014 | Jun. 30, 2013 | Jun. 30, 2014 | Jun. 30, 2013 |
Changes in Accumulated Other Comprehensive Income (Loss) by Component [Roll Forward] | ' | ' | ' | ' |
Beginning balance | ($30,463) | $2,787 | ($41,258) | $4,101 |
Other comprehensive income (loss) before reclassifications | 16,723 | -35,059 | 28,311 | -36,390 |
Amounts reclassified from accumulated other comprehensive income (loss) | 24 | -788 | -769 | -771 |
Net current period other comprehensive income (loss) | 16,747 | -35,847 | 27,542 | -37,161 |
Ending balance | -13,716 | -33,060 | -13,716 | -33,060 |
Net Unrealized Gains (Losses) on Cash Flow Hedges [Member] | ' | ' | ' | ' |
Changes in Accumulated Other Comprehensive Income (Loss) by Component [Roll Forward] | ' | ' | ' | ' |
Beginning balance | -13,030 | -13,304 | -13,099 | -13,373 |
Other comprehensive income (loss) before reclassifications | 0 | 0 | 0 | 0 |
Amounts reclassified from accumulated other comprehensive income (loss) | 68 | 67 | 137 | 136 |
Net current period other comprehensive income (loss) | 68 | 67 | 137 | 136 |
Ending balance | -12,962 | -13,237 | -12,962 | -13,237 |
Net Unrealized Gains (Losses) on Investment Securities Available for Sale [Member] | ' | ' | ' | ' |
Changes in Accumulated Other Comprehensive Income (Loss) by Component [Roll Forward] | ' | ' | ' | ' |
Beginning balance | -18,166 | 15,751 | -28,936 | 17,111 |
Other comprehensive income (loss) before reclassifications | 16,480 | -35,578 | 28,068 | -36,909 |
Amounts reclassified from accumulated other comprehensive income (loss) | 0 | -862 | -818 | -891 |
Net current period other comprehensive income (loss) | 16,480 | -36,440 | 27,250 | -37,800 |
Ending balance | -1,686 | -20,689 | -1,686 | -20,689 |
Post-Retirement Unfunded Health Benefit [Member] | ' | ' | ' | ' |
Changes in Accumulated Other Comprehensive Income (Loss) by Component [Roll Forward] | ' | ' | ' | ' |
Beginning balance | 733 | 340 | 777 | 363 |
Other comprehensive income (loss) before reclassifications | 243 | 519 | 243 | 519 |
Amounts reclassified from accumulated other comprehensive income (loss) | -44 | 7 | -88 | -16 |
Net current period other comprehensive income (loss) | 199 | 526 | 155 | 503 |
Ending balance | $932 | $866 | $932 | $866 |
Other_Comprehensive_Income_Rec
Other Comprehensive Income (Reclassifications out of Accumulated Other Comprehensive Income (Loss)) (Details) (USD $) | 3 Months Ended | 6 Months Ended | ||
In Thousands, unless otherwise specified | Jun. 30, 2014 | Jun. 30, 2013 | Jun. 30, 2014 | Jun. 30, 2013 |
Reclassification out of Accumulated Other Comprehensive Income [Line Items] | ' | ' | ' | ' |
Interest expense | ($27,162) | ($29,436) | ($55,029) | ($60,012) |
Income tax (expense) benefit | -27,078 | -27,371 | -55,686 | -44,350 |
Investment securities gains, net | 0 | 1,403 | 1,331 | 1,448 |
Salaries and other personnel expense | -182,205 | -181,186 | -366,365 | -363,472 |
Net income available to common shareholders | 44,313 | 30,717 | 90,170 | 45,515 |
Net Unrealized Gains (Losses) on Cash Flow Hedges [Member] | ' | ' | ' | ' |
Reclassification out of Accumulated Other Comprehensive Income [Line Items] | ' | ' | ' | ' |
Interest expense | -112 | -112 | -224 | -224 |
Income tax (expense) benefit | 44 | 45 | 87 | 88 |
Net income available to common shareholders | -68 | -67 | -137 | -136 |
Net Unrealized Gains (Losses) on Investment Securities Available for Sale [Member] | ' | ' | ' | ' |
Reclassification out of Accumulated Other Comprehensive Income [Line Items] | ' | ' | ' | ' |
Income tax (expense) benefit | 0 | -541 | -513 | -557 |
Investment securities gains, net | 0 | 1,403 | 1,331 | 1,448 |
Net income available to common shareholders | 0 | 862 | 818 | 891 |
Post-Retirement Unfunded Health Benefit [Member] | ' | ' | ' | ' |
Reclassification out of Accumulated Other Comprehensive Income [Line Items] | ' | ' | ' | ' |
Income tax (expense) benefit | -28 | -7 | -56 | -10 |
Salaries and other personnel expense | 72 | 0 | 144 | 26 |
Net income available to common shareholders | $44 | ($7) | $88 | $16 |
Fair_Value_Accounting_Financia
Fair Value Accounting (Financial Instruments Measured At Fair Value On A Recurring Basis) (Details) (USD $) | Jun. 30, 2014 | Dec. 31, 2013 | ||
In Thousands, unless otherwise specified | ||||
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items] | ' | ' | ||
Trading securities | $20,318 | $6,113 | ||
Investment securities available for sale | 3,080,185 | 3,199,358 | ||
Other Investments [Member] | ' | ' | ||
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items] | ' | ' | ||
Investment securities available for sale | 3,763 | 3,691 | ||
Equity Securities [Member] | ' | ' | ||
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items] | ' | ' | ||
Investment securities available for sale | 6,953 | 7,584 | ||
Mortgage-backed Securities, Issued by US Government Sponsored Enterprises [Member] | ' | ' | ||
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items] | ' | ' | ||
Investment securities available for sale | 2,338,295 | 2,421,360 | ||
U.S. Treasury Securities [Member] | ' | ' | ||
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items] | ' | ' | ||
Investment securities available for sale | 17,793 | 17,791 | ||
State And Municipal Securities [Member] | ' | ' | ||
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items] | ' | ' | ||
Investment securities available for sale | 5,429 | 6,889 | ||
Collateralized Mortgage Obligations Issued By U.S. Government Sponsored Enterprises [Member] | ' | ' | ||
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items] | ' | ' | ||
Investment securities available for sale | 386,473 | 398,540 | ||
Mortgage-Backed Securities Issued By U.S. Government Agencies [Member] | ' | ' | ||
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items] | ' | ' | ||
Investment securities available for sale | 174,378 | 195,117 | ||
Level 1 [Member] | ' | ' | ||
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items] | ' | ' | ||
Trading securities | 0 | 0 | ||
Investment securities available for sale | 26,643 | 26,716 | ||
Private equity investments | 0 | 0 | ||
Derivative assets | 0 | 0 | ||
Salary stock units | 465 | 1,764 | ||
Level 2 [Member] | ' | ' | ||
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items] | ' | ' | ||
Trading securities | 20,318 | 6,113 | ||
Investment securities available for sale | 3,051,676 | 3,170,292 | ||
Private equity investments | 1,258 | 1,615 | ||
Derivative assets | 36,365 | 40,004 | ||
Salary stock units | 0 | 0 | ||
Level 3 [Member] | ' | ' | ||
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items] | ' | ' | ||
Trading securities | 0 | 0 | ||
Investment securities available for sale | 1,866 | 2,350 | ||
Private equity investments | 27,376 | 27,745 | ||
Derivative assets | 0 | 0 | ||
Salary stock units | 0 | 0 | ||
Fair Value, Measurements, Recurring [Member] | ' | ' | ||
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items] | ' | ' | ||
Trading securities | 20,318 | 6,113 | ||
Mortgage loans held for sale | 75,957 | 45,384 | ||
Investment securities available for sale | 3,080,185 | 3,199,358 | ||
Private equity investments | 28,634 | 29,360 | ||
Mutual funds held in Rabbi Trusts | 11,349 | 11,246 | ||
Derivative assets | 36,365 | 40,004 | ||
Trading account liabilities | 7,309 | ' | ||
Salary stock units | 465 | 1,764 | ||
Derivative liabilities | 38,606 | 42,142 | ||
Fair Value, Measurements, Recurring [Member] | Mortgages [Member] | ' | ' | ||
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items] | ' | ' | ||
Trading account liabilities | ' | 1,763 | ||
Fair Value, Measurements, Recurring [Member] | Other Derivative Contracts, Net [Member] | ' | ' | ||
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items] | ' | ' | ||
Derivative liabilities | 2,438 | 2,706 | ||
Fair Value, Measurements, Recurring [Member] | Mortgage Derivatives [Member] | ' | ' | ||
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items] | ' | ' | ||
Derivative assets | 1,889 | 1,522 | ||
Derivative liabilities | 1,122 | [1] | ' | |
Fair Value, Measurements, Recurring [Member] | Interest Rate Contracts [Member] | ' | ' | ||
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items] | ' | ' | ||
Derivative assets | 34,476 | 38,482 | ||
Derivative liabilities | 35,046 | 39,436 | ||
Fair Value, Measurements, Recurring [Member] | Other Investments [Member] | ' | ' | ||
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items] | ' | ' | ||
Investment securities available for sale | 3,763 | [2] | 3,691 | [2] |
Fair Value, Measurements, Recurring [Member] | Equity Securities [Member] | ' | ' | ||
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items] | ' | ' | ||
Investment securities available for sale | 6,953 | 7,584 | ||
Fair Value, Measurements, Recurring [Member] | Mortgage-backed Securities, Issued by US Government Sponsored Enterprises [Member] | ' | ' | ||
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items] | ' | ' | ||
Investment securities available for sale | 2,338,295 | 2,421,360 | ||
Fair Value, Measurements, Recurring [Member] | Securities Issued By U S Government Sponsored Enterprises [Member] | ' | ' | ||
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items] | ' | ' | ||
Investment securities available for sale | 112,809 | 113,745 | ||
Fair Value, Measurements, Recurring [Member] | US Government Agencies Debt Securities [Member] | ' | ' | ||
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items] | ' | ' | ||
Investment securities available for sale | 34,292 | 34,641 | ||
Fair Value, Measurements, Recurring [Member] | U.S. Treasury Securities [Member] | ' | ' | ||
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items] | ' | ' | ||
Investment securities available for sale | 17,793 | 17,791 | ||
Fair Value, Measurements, Recurring [Member] | Equity Mutual Funds And Other [Member] | ' | ' | ||
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items] | ' | ' | ||
Trading securities | 7,614 | 2,251 | ||
Fair Value, Measurements, Recurring [Member] | Residential Mortgage Backed Securities [Member] | ' | ' | ||
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items] | ' | ' | ||
Trading securities | 3,755 | 968 | ||
Fair Value, Measurements, Recurring [Member] | State And Municipal Securities [Member] | ' | ' | ||
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items] | ' | ' | ||
Trading securities | 744 | 429 | ||
Investment securities available for sale | 5,429 | 6,889 | ||
Fair Value, Measurements, Recurring [Member] | Collateralized Mortgage Obligations Issued By U.S. Government Sponsored Enterprises [Member] | ' | ' | ||
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items] | ' | ' | ||
Trading securities | 1,900 | 2,465 | ||
Investment securities available for sale | 386,473 | 398,540 | ||
Fair Value, Measurements, Recurring [Member] | Mortgage-Backed Securities Issued By U.S. Government Agencies [Member] | ' | ' | ||
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items] | ' | ' | ||
Trading securities | 6,305 | ' | ||
Investment securities available for sale | 174,378 | 195,117 | ||
Fair Value, Measurements, Recurring [Member] | Level 1 [Member] | ' | ' | ||
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items] | ' | ' | ||
Trading securities | 0 | 0 | ||
Mortgage loans held for sale | 0 | 0 | ||
Investment securities available for sale | 26,643 | 26,716 | ||
Private equity investments | 0 | 0 | ||
Mutual funds held in Rabbi Trusts | 11,349 | 11,246 | ||
Derivative assets | 0 | 0 | ||
Trading account liabilities | 0 | ' | ||
Salary stock units | 465 | 1,764 | ||
Derivative liabilities | 0 | 0 | ||
Fair Value, Measurements, Recurring [Member] | Level 1 [Member] | Mortgages [Member] | ' | ' | ||
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items] | ' | ' | ||
Trading account liabilities | ' | 0 | ||
Fair Value, Measurements, Recurring [Member] | Level 1 [Member] | Other Derivative Contracts, Net [Member] | ' | ' | ||
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items] | ' | ' | ||
Derivative liabilities | 0 | 0 | ||
Fair Value, Measurements, Recurring [Member] | Level 1 [Member] | Mortgage Derivatives [Member] | ' | ' | ||
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items] | ' | ' | ||
Derivative assets | 0 | 0 | ||
Derivative liabilities | 0 | [1] | ' | |
Fair Value, Measurements, Recurring [Member] | Level 1 [Member] | Interest Rate Contracts [Member] | ' | ' | ||
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items] | ' | ' | ||
Derivative assets | 0 | 0 | ||
Derivative liabilities | 0 | 0 | ||
Fair Value, Measurements, Recurring [Member] | Level 1 [Member] | Other Investments [Member] | ' | ' | ||
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items] | ' | ' | ||
Investment securities available for sale | 1,897 | [2] | 1,969 | [2] |
Fair Value, Measurements, Recurring [Member] | Level 1 [Member] | Equity Securities [Member] | ' | ' | ||
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items] | ' | ' | ||
Investment securities available for sale | 6,953 | 6,956 | ||
Fair Value, Measurements, Recurring [Member] | Level 1 [Member] | Mortgage-backed Securities, Issued by US Government Sponsored Enterprises [Member] | ' | ' | ||
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items] | ' | ' | ||
Investment securities available for sale | 0 | 0 | ||
Fair Value, Measurements, Recurring [Member] | Level 1 [Member] | Securities Issued By U S Government Sponsored Enterprises [Member] | ' | ' | ||
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items] | ' | ' | ||
Investment securities available for sale | 0 | 0 | ||
Fair Value, Measurements, Recurring [Member] | Level 1 [Member] | US Government Agencies Debt Securities [Member] | ' | ' | ||
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items] | ' | ' | ||
Investment securities available for sale | 0 | 0 | ||
Fair Value, Measurements, Recurring [Member] | Level 1 [Member] | U.S. Treasury Securities [Member] | ' | ' | ||
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items] | ' | ' | ||
Investment securities available for sale | 17,793 | 17,791 | ||
Fair Value, Measurements, Recurring [Member] | Level 1 [Member] | Equity Mutual Funds And Other [Member] | ' | ' | ||
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items] | ' | ' | ||
Trading securities | 0 | 0 | ||
Fair Value, Measurements, Recurring [Member] | Level 1 [Member] | Residential Mortgage Backed Securities [Member] | ' | ' | ||
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items] | ' | ' | ||
Trading securities | 0 | 0 | ||
Fair Value, Measurements, Recurring [Member] | Level 1 [Member] | State And Municipal Securities [Member] | ' | ' | ||
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items] | ' | ' | ||
Trading securities | 0 | 0 | ||
Investment securities available for sale | 0 | 0 | ||
Fair Value, Measurements, Recurring [Member] | Level 1 [Member] | Collateralized Mortgage Obligations Issued By U.S. Government Sponsored Enterprises [Member] | ' | ' | ||
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items] | ' | ' | ||
Trading securities | 0 | 0 | ||
Investment securities available for sale | 0 | 0 | ||
Fair Value, Measurements, Recurring [Member] | Level 1 [Member] | Mortgage-Backed Securities Issued By U.S. Government Agencies [Member] | ' | ' | ||
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items] | ' | ' | ||
Trading securities | 0 | ' | ||
Investment securities available for sale | 0 | 0 | ||
Fair Value, Measurements, Recurring [Member] | Level 2 [Member] | ' | ' | ||
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items] | ' | ' | ||
Trading securities | 20,318 | 6,113 | ||
Mortgage loans held for sale | 75,957 | 45,384 | ||
Investment securities available for sale | 3,051,676 | 3,170,292 | ||
Private equity investments | 1,258 | 1,615 | ||
Mutual funds held in Rabbi Trusts | 0 | 0 | ||
Derivative assets | 36,365 | 40,004 | ||
Trading account liabilities | 7,309 | ' | ||
Salary stock units | 0 | 0 | ||
Derivative liabilities | 36,168 | 39,436 | ||
Fair Value, Measurements, Recurring [Member] | Level 2 [Member] | Mortgages [Member] | ' | ' | ||
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items] | ' | ' | ||
Trading account liabilities | ' | 1,763 | ||
Fair Value, Measurements, Recurring [Member] | Level 2 [Member] | Other Derivative Contracts, Net [Member] | ' | ' | ||
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items] | ' | ' | ||
Derivative liabilities | 0 | 0 | ||
Fair Value, Measurements, Recurring [Member] | Level 2 [Member] | Mortgage Derivatives [Member] | ' | ' | ||
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items] | ' | ' | ||
Derivative assets | 1,889 | 1,522 | ||
Derivative liabilities | 1,122 | [1] | ' | |
Fair Value, Measurements, Recurring [Member] | Level 2 [Member] | Interest Rate Contracts [Member] | ' | ' | ||
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items] | ' | ' | ||
Derivative assets | 34,476 | 38,482 | ||
Derivative liabilities | 35,046 | 39,436 | ||
Fair Value, Measurements, Recurring [Member] | Level 2 [Member] | Other Investments [Member] | ' | ' | ||
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items] | ' | ' | ||
Investment securities available for sale | 0 | [2] | 0 | [2] |
Fair Value, Measurements, Recurring [Member] | Level 2 [Member] | Equity Securities [Member] | ' | ' | ||
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items] | ' | ' | ||
Investment securities available for sale | 0 | 0 | ||
Fair Value, Measurements, Recurring [Member] | Level 2 [Member] | Mortgage-backed Securities, Issued by US Government Sponsored Enterprises [Member] | ' | ' | ||
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items] | ' | ' | ||
Investment securities available for sale | 2,338,295 | 2,421,360 | ||
Fair Value, Measurements, Recurring [Member] | Level 2 [Member] | Securities Issued By U S Government Sponsored Enterprises [Member] | ' | ' | ||
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items] | ' | ' | ||
Investment securities available for sale | 112,809 | 113,745 | ||
Fair Value, Measurements, Recurring [Member] | Level 2 [Member] | US Government Agencies Debt Securities [Member] | ' | ' | ||
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items] | ' | ' | ||
Investment securities available for sale | 34,292 | 34,641 | ||
Fair Value, Measurements, Recurring [Member] | Level 2 [Member] | U.S. Treasury Securities [Member] | ' | ' | ||
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items] | ' | ' | ||
Investment securities available for sale | 0 | 0 | ||
Fair Value, Measurements, Recurring [Member] | Level 2 [Member] | Equity Mutual Funds And Other [Member] | ' | ' | ||
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items] | ' | ' | ||
Trading securities | 7,614 | 2,251 | ||
Fair Value, Measurements, Recurring [Member] | Level 2 [Member] | Residential Mortgage Backed Securities [Member] | ' | ' | ||
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items] | ' | ' | ||
Trading securities | 3,755 | 968 | ||
Fair Value, Measurements, Recurring [Member] | Level 2 [Member] | State And Municipal Securities [Member] | ' | ' | ||
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items] | ' | ' | ||
Trading securities | 744 | 429 | ||
Investment securities available for sale | 5,429 | 6,889 | ||
Fair Value, Measurements, Recurring [Member] | Level 2 [Member] | Collateralized Mortgage Obligations Issued By U.S. Government Sponsored Enterprises [Member] | ' | ' | ||
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items] | ' | ' | ||
Trading securities | 1,900 | 2,465 | ||
Investment securities available for sale | 386,473 | 398,540 | ||
Fair Value, Measurements, Recurring [Member] | Level 2 [Member] | Mortgage-Backed Securities Issued By U.S. Government Agencies [Member] | ' | ' | ||
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items] | ' | ' | ||
Trading securities | 6,305 | ' | ||
Investment securities available for sale | 174,378 | 195,117 | ||
Fair Value, Measurements, Recurring [Member] | Level 3 [Member] | ' | ' | ||
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items] | ' | ' | ||
Trading securities | 0 | 0 | ||
Mortgage loans held for sale | 0 | 0 | ||
Investment securities available for sale | 1,866 | 2,350 | ||
Private equity investments | 27,376 | 27,745 | ||
Mutual funds held in Rabbi Trusts | 0 | 0 | ||
Derivative assets | 0 | 0 | ||
Trading account liabilities | 0 | ' | ||
Salary stock units | 0 | 0 | ||
Derivative liabilities | 2,438 | 2,706 | ||
Fair Value, Measurements, Recurring [Member] | Level 3 [Member] | Mortgages [Member] | ' | ' | ||
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items] | ' | ' | ||
Trading account liabilities | ' | 0 | ||
Fair Value, Measurements, Recurring [Member] | Level 3 [Member] | Other Derivative Contracts, Net [Member] | ' | ' | ||
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items] | ' | ' | ||
Derivative liabilities | 2,438 | 2,706 | ||
Fair Value, Measurements, Recurring [Member] | Level 3 [Member] | Mortgage Derivatives [Member] | ' | ' | ||
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items] | ' | ' | ||
Derivative assets | 0 | 0 | ||
Derivative liabilities | 0 | [1] | ' | |
Fair Value, Measurements, Recurring [Member] | Level 3 [Member] | Interest Rate Contracts [Member] | ' | ' | ||
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items] | ' | ' | ||
Derivative assets | 0 | 0 | ||
Derivative liabilities | 0 | 0 | ||
Fair Value, Measurements, Recurring [Member] | Level 3 [Member] | Other Investments [Member] | ' | ' | ||
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items] | ' | ' | ||
Investment securities available for sale | 1,866 | [2] | 1,722 | [2] |
Fair Value, Measurements, Recurring [Member] | Level 3 [Member] | Equity Securities [Member] | ' | ' | ||
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items] | ' | ' | ||
Investment securities available for sale | 0 | 628 | ||
Fair Value, Measurements, Recurring [Member] | Level 3 [Member] | Mortgage-backed Securities, Issued by US Government Sponsored Enterprises [Member] | ' | ' | ||
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items] | ' | ' | ||
Investment securities available for sale | 0 | 0 | ||
Fair Value, Measurements, Recurring [Member] | Level 3 [Member] | Securities Issued By U S Government Sponsored Enterprises [Member] | ' | ' | ||
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items] | ' | ' | ||
Investment securities available for sale | 0 | 0 | ||
Fair Value, Measurements, Recurring [Member] | Level 3 [Member] | US Government Agencies Debt Securities [Member] | ' | ' | ||
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items] | ' | ' | ||
Investment securities available for sale | 0 | 0 | ||
Fair Value, Measurements, Recurring [Member] | Level 3 [Member] | U.S. Treasury Securities [Member] | ' | ' | ||
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items] | ' | ' | ||
Investment securities available for sale | 0 | 0 | ||
Fair Value, Measurements, Recurring [Member] | Level 3 [Member] | Equity Mutual Funds And Other [Member] | ' | ' | ||
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items] | ' | ' | ||
Trading securities | 0 | 0 | ||
Fair Value, Measurements, Recurring [Member] | Level 3 [Member] | Residential Mortgage Backed Securities [Member] | ' | ' | ||
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items] | ' | ' | ||
Trading securities | 0 | 0 | ||
Fair Value, Measurements, Recurring [Member] | Level 3 [Member] | State And Municipal Securities [Member] | ' | ' | ||
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items] | ' | ' | ||
Trading securities | 0 | 0 | ||
Investment securities available for sale | 0 | 0 | ||
Fair Value, Measurements, Recurring [Member] | Level 3 [Member] | Collateralized Mortgage Obligations Issued By U.S. Government Sponsored Enterprises [Member] | ' | ' | ||
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items] | ' | ' | ||
Trading securities | 0 | 0 | ||
Investment securities available for sale | 0 | 0 | ||
Fair Value, Measurements, Recurring [Member] | Level 3 [Member] | Mortgage-Backed Securities Issued By U.S. Government Agencies [Member] | ' | ' | ||
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items] | ' | ' | ||
Trading securities | 0 | ' | ||
Investment securities available for sale | $0 | $0 | ||
[1] | Mortgage derivatives consist of customer interest rate lock commitments that relate to the potential origination of mortgage loans, which would be classified as held for sale and forward loan sales commitments with third party investors. | |||
[2] | Based on an analysis of the nature and risks of these investments, Synovus has determined that presenting these investments as a single asset class is appropriate. |
Fair_Value_Accounting_Changes_
Fair Value Accounting (Changes In Fair Value Included In Consolidated Statements Of Income) (Details) (USD $) | 3 Months Ended | 6 Months Ended | |||
In Thousands, unless otherwise specified | Jun. 30, 2014 | Jun. 30, 2013 | Jun. 30, 2014 | Jun. 30, 2013 | Dec. 31, 2013 |
Fair Value Disclosures [Abstract] | ' | ' | ' | ' | ' |
Mortgage loans held for sale | $1,057 | ($5,171) | $1,781 | ($7,930) | ' |
Aggregate fair value | 75,957 | ' | 75,957 | ' | 45,384 |
Unpaid principal balance | 73,735 | ' | 73,735 | ' | 44,943 |
Aggregate fair value less aggregate unpaid principal balance | $2,222 | ' | $2,222 | ' | $441 |
Fair_Value_Accounting_Changes_1
Fair Value Accounting (Changes In Level 3 Fair Value Measurements) (Details) (USD $) | 3 Months Ended | 6 Months Ended | ||||
Jun. 30, 2014 | Jun. 30, 2013 | Jun. 30, 2014 | Jun. 30, 2013 | |||
Investment Securities Available for Sale [Member] | ' | ' | ' | ' | ||
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation, Calculation [Roll Forward] | ' | ' | ' | ' | ||
Beginning balance | $2,399,000 | $3,312,000 | $2,350,000 | $3,178,000 | ||
Included in earnings | 0 | [1] | 0 | [1] | -88,000 | 0 |
Unrealized gains (losses) included in other comprehensive income | 7,000 | 142,000 | 144,000 | 276,000 | ||
Purchases | 0 | 0 | 0 | 0 | ||
Sales | 0 | 0 | 0 | 0 | ||
Issuances | 0 | 0 | 0 | 0 | ||
Settlements | -540,000 | 0 | -540,000 | 0 | ||
Amortization of discount/premium | 0 | 0 | 0 | 0 | ||
Transfers in and/or out of Level 3 | 0 | 0 | 0 | 0 | ||
Ending balance | 1,866,000 | 3,454,000 | 1,866,000 | 3,454,000 | ||
Total net gains (losses) for the six months included in earnings attributable to the change in unrealized gains (losses) relating to assets and liabilities still held at June 30, | 0 | 0 | -88,000 | 0 | ||
Private Equity Investments [Member] | ' | ' | ' | ' | ||
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation, Calculation [Roll Forward] | ' | ' | ' | ' | ||
Beginning balance | 27,495,000 | 30,451,000 | 27,745,000 | 30,708,000 | ||
Included in earnings | -119,000 | [1] | -883,000 | [1] | -369,000 | -1,140,000 |
Unrealized gains (losses) included in other comprehensive income | 0 | 0 | 0 | 0 | ||
Purchases | 0 | 0 | ' | 0 | ||
Sales | 0 | 0 | 0 | 0 | ||
Issuances | 0 | 0 | 0 | 0 | ||
Settlements | 0 | 0 | 0 | 0 | ||
Amortization of discount/premium | 0 | 0 | 0 | 0 | ||
Transfers in and/or out of Level 3 | 0 | 0 | 0 | 0 | ||
Ending balance | 27,376,000 | 29,568,000 | 27,376,000 | 29,568,000 | ||
Total net gains (losses) for the six months included in earnings attributable to the change in unrealized gains (losses) relating to assets and liabilities still held at June 30, | -119,000 | -883,000 | -369,000 | -1,140,000 | ||
Other Derivative Contracts, Net [Member] | ' | ' | ' | ' | ||
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation, Calculation [Roll Forward] | ' | ' | ' | ' | ||
Beginning balance | -2,525,000 | -2,610,000 | -2,706,000 | -2,956,000 | ||
Included in earnings | -356,000 | [1] | -764,000 | [1] | -752,000 | -801,000 |
Unrealized gains (losses) included in other comprehensive income | 0 | 0 | 0 | 0 | ||
Purchases | 0 | 0 | 0 | 0 | ||
Sales | 0 | 0 | 0 | 0 | ||
Issuances | 0 | 0 | 0 | 0 | ||
Settlements | 443,000 | 397,000 | 1,020,000 | 780,000 | ||
Amortization of discount/premium | 0 | 0 | 0 | ' | ||
Transfers in and/or out of Level 3 | 0 | 0 | 0 | 0 | ||
Ending balance | -2,438,000 | -2,977,000 | -2,438,000 | -2,977,000 | ||
Total net gains (losses) for the six months included in earnings attributable to the change in unrealized gains (losses) relating to assets and liabilities still held at June 30, | ($356,000) | ($764,000) | ($752,000) | ($801,000) | ||
[1] | Included in earnings as a component of non-interest income (expense). |
Fair_Value_Accounting_Assets_A
Fair Value Accounting (Assets And Liabilities Measured At Fair Value On A Non-Recurring Basis) (Details) (USD $) | Jun. 30, 2014 | Dec. 31, 2013 | ||
In Thousands, unless otherwise specified | ||||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ' | ' | ||
Collateral dependent impaired loans | $585,494 | $836,554 | ||
Other loans held for sale | 2,764 | 10,685 | ||
Other real estate | 101,533 | 112,629 | ||
Level 1 [Member] | ' | ' | ||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ' | ' | ||
Other loans held for sale | 0 | 0 | ||
Level 2 [Member] | ' | ' | ||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ' | ' | ||
Other loans held for sale | 0 | 0 | ||
Level 3 [Member] | ' | ' | ||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ' | ' | ||
Other loans held for sale | 2,764 | 10,685 | ||
Fair Value, Measurements, Nonrecurring [Member] | ' | ' | ||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ' | ' | ||
Collateral dependent impaired loans | 11,190 | [1] | 170,693 | [1] |
Other loans held for sale | 2,045 | 9,670 | ||
Other real estate | 18,746 | 50,070 | ||
Other assets held for sale | 5,394 | 4,945 | ||
Fair Value, Measurements, Nonrecurring [Member] | Level 1 [Member] | ' | ' | ||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ' | ' | ||
Collateral dependent impaired loans | 0 | [1] | 0 | [1] |
Other loans held for sale | 0 | 0 | ||
Other real estate | 0 | 0 | ||
Other assets held for sale | 0 | 0 | ||
Fair Value, Measurements, Nonrecurring [Member] | Level 2 [Member] | ' | ' | ||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ' | ' | ||
Collateral dependent impaired loans | 0 | [1] | 0 | [1] |
Other loans held for sale | 0 | 0 | ||
Other real estate | 0 | 0 | ||
Other assets held for sale | 0 | 0 | ||
Fair Value, Measurements, Nonrecurring [Member] | Level 3 [Member] | ' | ' | ||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ' | ' | ||
Collateral dependent impaired loans | 11,190 | [1] | 170,693 | [1] |
Other loans held for sale | 2,045 | 9,670 | ||
Other real estate | 18,746 | 50,070 | ||
Other assets held for sale | $5,394 | $4,945 | ||
[1] | Impaired loans that are collateral-dependent. |
Fair_Value_Accounting_Assets_M
Fair Value Accounting (Assets Measured at Fair Value on Nonrecurring Basis) (Details) (Fair Value, Measurements, Nonrecurring [Member], USD $) | 3 Months Ended | 6 Months Ended | ||||||
In Thousands, unless otherwise specified | Jun. 30, 2014 | Jun. 30, 2013 | Jun. 30, 2014 | Jun. 30, 2013 | ||||
Impaired Loans [Member] | ' | ' | ' | ' | ||||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ' | ' | ' | ' | ||||
Assets, fair value adjustment | $5,542 | [1] | $10,184 | [1] | $8,144 | [1] | $30,152 | [1] |
Other Loans Held for Sale [Member] | ' | ' | ' | ' | ||||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ' | ' | ' | ' | ||||
Assets, fair value adjustment | 1,631 | 3,315 | 1,631 | 3,546 | ||||
Other Real Estate [Member] | ' | ' | ' | ' | ||||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ' | ' | ' | ' | ||||
Assets, fair value adjustment | 654 | 363 | 3,229 | 4,513 | ||||
Other Assets Held for Sale [Member] | ' | ' | ' | ' | ||||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ' | ' | ' | ' | ||||
Assets, fair value adjustment | $7,508 | $0 | $7,508 | $170 | ||||
[1] | Impaired loans that are collateral-dependent. |
Fair_Value_Accounting_Fair_Val
Fair Value Accounting (Fair Value Inputs, Assets, Quantitative Information) (Details) (USD $) | 6 Months Ended | 12 Months Ended | ||
In Thousands, unless otherwise specified | Jun. 30, 2014 | Dec. 31, 2013 | ||
Fair Value, Measurements, Recurring [Member] | Equity Securities [Member] | Individual Analysis of Each Investment [Member] | ' | ' | ||
Fair Value Inputs, Assets, Quantitative Information [Line Items] | ' | ' | ||
Assets, Fair Value Disclosure | ' | 628 | ||
Fair Value, Measurements, Recurring [Member] | Trust Preferred Securities [Member] | Minimum [Member] | ' | ' | ||
Fair Value Inputs, Assets, Quantitative Information [Line Items] | ' | ' | ||
Discount for lack of marketability | 0.00% | [1] | 0.00% | [1] |
Credit spread embedded in discount rate | ' | 4.00% | [1] | |
Fair Value, Measurements, Recurring [Member] | Trust Preferred Securities [Member] | Maximum [Member] | ' | ' | ||
Fair Value Inputs, Assets, Quantitative Information [Line Items] | ' | ' | ||
Discount for lack of marketability | 10.00% | [1] | 10.00% | [1] |
Credit spread embedded in discount rate | ' | 4.80% | [1] | |
Fair Value, Measurements, Recurring [Member] | Trust Preferred Securities [Member] | Weighted Average [Member] | ' | ' | ||
Fair Value Inputs, Assets, Quantitative Information [Line Items] | ' | ' | ||
Discount for lack of marketability | 0.00% | [1] | 0.00% | [1] |
Credit spread embedded in discount rate | ' | 4.41% | [1] | |
Fair Value, Measurements, Recurring [Member] | Trust Preferred Securities [Member] | Discounted Cash Flow [Member] | ' | ' | ||
Fair Value Inputs, Assets, Quantitative Information [Line Items] | ' | ' | ||
Assets, Fair Value Disclosure | 1,866 | 1,722 | ||
Fair Value, Measurements, Recurring [Member] | Trust Preferred Securities [Member] | Discounted Cash Flow [Member] | Minimum [Member] | ' | ' | ||
Fair Value Inputs, Assets, Quantitative Information [Line Items] | ' | ' | ||
Credit spread embedded in discount rate | 4.00% | [1] | ' | |
Fair Value, Measurements, Recurring [Member] | Trust Preferred Securities [Member] | Discounted Cash Flow [Member] | Maximum [Member] | ' | ' | ||
Fair Value Inputs, Assets, Quantitative Information [Line Items] | ' | ' | ||
Credit spread embedded in discount rate | 4.90% | [1] | ' | |
Fair Value, Measurements, Recurring [Member] | Trust Preferred Securities [Member] | Discounted Cash Flow [Member] | Weighted Average [Member] | ' | ' | ||
Fair Value Inputs, Assets, Quantitative Information [Line Items] | ' | ' | ||
Credit spread embedded in discount rate | 4.45% | [1] | ' | |
Fair Value, Measurements, Recurring [Member] | Private Equity Investments [Member] | Individual Analysis of Each Investment [Member] | ' | ' | ||
Fair Value Inputs, Assets, Quantitative Information [Line Items] | ' | ' | ||
Assets, Fair Value Disclosure | 27,376 | ' | ||
Fair Value, Measurements, Recurring [Member] | Private Equity Investments [Member] | Individual Analysis of Each Investee Company [Member] | ' | ' | ||
Fair Value Inputs, Assets, Quantitative Information [Line Items] | ' | ' | ||
Assets, Fair Value Disclosure | ' | 27,745 | ||
Fair Value, Measurements, Recurring [Member] | Visa Derivative [Member] | Minimum [Member] | ' | ' | ||
Fair Value Inputs, Assets, Quantitative Information [Line Items] | ' | ' | ||
Probability-weighted potential outcomes of the Covered Litigation and related fees payable | ' | 400 | [1] | |
Fair Value, Measurements, Recurring [Member] | Visa Derivative [Member] | Maximum [Member] | ' | ' | ||
Fair Value Inputs, Assets, Quantitative Information [Line Items] | ' | ' | ||
Probability-weighted potential outcomes of the Covered Litigation and related fees payable | ' | 2,700 | [1] | |
Fair Value, Measurements, Recurring [Member] | Visa Derivative [Member] | Weighted Average [Member] | ' | ' | ||
Fair Value Inputs, Assets, Quantitative Information [Line Items] | ' | ' | ||
Probability-weighted potential outcomes of the Covered Litigation and related fees payable | ' | 2,700 | [1] | |
Fair Value, Measurements, Recurring [Member] | Visa Derivative [Member] | Probability Model [Member] | ' | ' | ||
Fair Value Inputs, Assets, Quantitative Information [Line Items] | ' | ' | ||
Assets, Fair Value Disclosure | 2,438 | 2,706 | ||
Fair Value, Measurements, Recurring [Member] | Visa Derivative [Member] | Probability Model [Member] | Minimum [Member] | ' | ' | ||
Fair Value Inputs, Assets, Quantitative Information [Line Items] | ' | ' | ||
Probability-weighted potential outcomes of the Covered Litigation and related fees payable | 400 | [1] | ' | |
Fair Value, Measurements, Recurring [Member] | Visa Derivative [Member] | Probability Model [Member] | Maximum [Member] | ' | ' | ||
Fair Value Inputs, Assets, Quantitative Information [Line Items] | ' | ' | ||
Probability-weighted potential outcomes of the Covered Litigation and related fees payable | 2,400 | [1] | ' | |
Fair Value, Measurements, Recurring [Member] | Visa Derivative [Member] | Probability Model [Member] | Weighted Average [Member] | ' | ' | ||
Fair Value Inputs, Assets, Quantitative Information [Line Items] | ' | ' | ||
Probability-weighted potential outcomes of the Covered Litigation and related fees payable | 2,400 | [1] | ' | |
Fair Value, Measurements, Recurring [Member] | Collateral Dependent Impaired Loans [Member] | Minimum [Member] | ' | ' | ||
Fair Value Inputs, Assets, Quantitative Information [Line Items] | ' | ' | ||
Discount to appraised value | ' | 0.00% | [1] | |
Estimated selling costs | ' | 0.00% | [1] | |
Fair Value, Measurements, Recurring [Member] | Collateral Dependent Impaired Loans [Member] | Maximum [Member] | ' | ' | ||
Fair Value Inputs, Assets, Quantitative Information [Line Items] | ' | ' | ||
Discount to appraised value | ' | 65.00% | [1] | |
Estimated selling costs | ' | 10.00% | [1] | |
Fair Value, Measurements, Recurring [Member] | Collateral Dependent Impaired Loans [Member] | Weighted Average [Member] | ' | ' | ||
Fair Value Inputs, Assets, Quantitative Information [Line Items] | ' | ' | ||
Discount to appraised value | ' | 25.00% | [1] | |
Estimated selling costs | ' | 7.00% | [1] | |
Fair Value, Measurements, Recurring [Member] | Collateral Dependent Impaired Loans [Member] | Third Party Appraised value of Collateral Less Estimated Selling Costs [Member] | Minimum [Member] | ' | ' | ||
Fair Value Inputs, Assets, Quantitative Information [Line Items] | ' | ' | ||
Discount to appraised value | 0.00% | [1] | ' | |
Estimated selling costs | 0.00% | [1] | ' | |
Fair Value, Measurements, Recurring [Member] | Collateral Dependent Impaired Loans [Member] | Third Party Appraised value of Collateral Less Estimated Selling Costs [Member] | Maximum [Member] | ' | ' | ||
Fair Value Inputs, Assets, Quantitative Information [Line Items] | ' | ' | ||
Discount to appraised value | 79.00% | [1] | ' | |
Estimated selling costs | 10.00% | [1] | ' | |
Fair Value, Measurements, Recurring [Member] | Collateral Dependent Impaired Loans [Member] | Third Party Appraised value of Collateral Less Estimated Selling Costs [Member] | Weighted Average [Member] | ' | ' | ||
Fair Value Inputs, Assets, Quantitative Information [Line Items] | ' | ' | ||
Discount to appraised value | 42.00% | [1] | ' | |
Estimated selling costs | 7.00% | [1] | ' | |
Fair Value, Measurements, Recurring [Member] | Other Loans Held for Sale [Member] | Minimum [Member] | ' | ' | ||
Fair Value Inputs, Assets, Quantitative Information [Line Items] | ' | ' | ||
Discount to appraised value | ' | 0.00% | [1] | |
Estimated selling costs | ' | 0.00% | [1] | |
Fair Value, Measurements, Recurring [Member] | Other Loans Held for Sale [Member] | Maximum [Member] | ' | ' | ||
Fair Value Inputs, Assets, Quantitative Information [Line Items] | ' | ' | ||
Discount to appraised value | ' | 12.00% | [1] | |
Estimated selling costs | ' | 10.00% | [1] | |
Fair Value, Measurements, Recurring [Member] | Other Loans Held for Sale [Member] | Weighted Average [Member] | ' | ' | ||
Fair Value Inputs, Assets, Quantitative Information [Line Items] | ' | ' | ||
Discount to appraised value | ' | 4.00% | [1] | |
Estimated selling costs | ' | 7.00% | [1] | |
Fair Value, Measurements, Recurring [Member] | Other Loans Held for Sale [Member] | Third Party Appraised value of Collateral Less Estimated Selling Costs [Member] | Minimum [Member] | ' | ' | ||
Fair Value Inputs, Assets, Quantitative Information [Line Items] | ' | ' | ||
Discount to appraised value | 0.00% | [1] | ' | |
Estimated selling costs | 0.00% | [1] | ' | |
Fair Value, Measurements, Recurring [Member] | Other Loans Held for Sale [Member] | Third Party Appraised value of Collateral Less Estimated Selling Costs [Member] | Maximum [Member] | ' | ' | ||
Fair Value Inputs, Assets, Quantitative Information [Line Items] | ' | ' | ||
Discount to appraised value | 19.00% | [1] | ' | |
Estimated selling costs | 10.00% | [1] | ' | |
Fair Value, Measurements, Recurring [Member] | Other Loans Held for Sale [Member] | Third Party Appraised value of Collateral Less Estimated Selling Costs [Member] | Weighted Average [Member] | ' | ' | ||
Fair Value Inputs, Assets, Quantitative Information [Line Items] | ' | ' | ||
Discount to appraised value | 19.00% | [1] | ' | |
Estimated selling costs | 7.00% | [1] | ' | |
Fair Value, Measurements, Recurring [Member] | Other Real Estate [Member] | Minimum [Member] | ' | ' | ||
Fair Value Inputs, Assets, Quantitative Information [Line Items] | ' | ' | ||
Discount to appraised value | ' | 0.00% | [1] | |
Estimated selling costs | ' | 0.00% | [1] | |
Fair Value, Measurements, Recurring [Member] | Other Real Estate [Member] | Maximum [Member] | ' | ' | ||
Fair Value Inputs, Assets, Quantitative Information [Line Items] | ' | ' | ||
Discount to appraised value | ' | 7.00% | [1] | |
Estimated selling costs | ' | 10.00% | [1] | |
Fair Value, Measurements, Recurring [Member] | Other Real Estate [Member] | Weighted Average [Member] | ' | ' | ||
Fair Value Inputs, Assets, Quantitative Information [Line Items] | ' | ' | ||
Discount to appraised value | ' | 2.00% | [1] | |
Estimated selling costs | ' | 7.00% | [1] | |
Fair Value, Measurements, Recurring [Member] | Other Real Estate [Member] | Third Party Appraised value of Collateral Less Estimated Selling Costs [Member] | Minimum [Member] | ' | ' | ||
Fair Value Inputs, Assets, Quantitative Information [Line Items] | ' | ' | ||
Discount to appraised value | 0.00% | [1] | ' | |
Estimated selling costs | 0.00% | [1] | ' | |
Fair Value, Measurements, Recurring [Member] | Other Real Estate [Member] | Third Party Appraised value of Collateral Less Estimated Selling Costs [Member] | Maximum [Member] | ' | ' | ||
Fair Value Inputs, Assets, Quantitative Information [Line Items] | ' | ' | ||
Discount to appraised value | 4.00% | [1] | ' | |
Estimated selling costs | 10.00% | [1] | ' | |
Fair Value, Measurements, Recurring [Member] | Other Real Estate [Member] | Third Party Appraised value of Collateral Less Estimated Selling Costs [Member] | Weighted Average [Member] | ' | ' | ||
Fair Value Inputs, Assets, Quantitative Information [Line Items] | ' | ' | ||
Discount to appraised value | 2.00% | [1] | ' | |
Estimated selling costs | 7.00% | [1] | ' | |
Fair Value, Measurements, Recurring [Member] | Other Assets Held for Sale [Member] | Minimum [Member] | ' | ' | ||
Fair Value Inputs, Assets, Quantitative Information [Line Items] | ' | ' | ||
Discount to appraised value | ' | 5.00% | [1] | |
Estimated selling costs | ' | 0.00% | [1] | |
Fair Value, Measurements, Recurring [Member] | Other Assets Held for Sale [Member] | Maximum [Member] | ' | ' | ||
Fair Value Inputs, Assets, Quantitative Information [Line Items] | ' | ' | ||
Discount to appraised value | ' | 36.00% | [1] | |
Estimated selling costs | ' | 10.00% | [1] | |
Fair Value, Measurements, Recurring [Member] | Other Assets Held for Sale [Member] | Weighted Average [Member] | ' | ' | ||
Fair Value Inputs, Assets, Quantitative Information [Line Items] | ' | ' | ||
Discount to appraised value | ' | 20.00% | [1] | |
Estimated selling costs | ' | 7.00% | [1] | |
Fair Value, Measurements, Recurring [Member] | Other Assets Held for Sale [Member] | Third Party Appraised value of Collateral Less Estimated Selling Costs or BOV [Member] | Minimum [Member] | ' | ' | ||
Fair Value Inputs, Assets, Quantitative Information [Line Items] | ' | ' | ||
Discount to appraised value | 9.00% | [1] | ' | |
Estimated selling costs | 0.00% | [1] | ' | |
Fair Value, Measurements, Recurring [Member] | Other Assets Held for Sale [Member] | Third Party Appraised value of Collateral Less Estimated Selling Costs or BOV [Member] | Maximum [Member] | ' | ' | ||
Fair Value Inputs, Assets, Quantitative Information [Line Items] | ' | ' | ||
Discount to appraised value | 80.00% | [1] | ' | |
Estimated selling costs | 10.00% | [1] | ' | |
Fair Value, Measurements, Recurring [Member] | Other Assets Held for Sale [Member] | Third Party Appraised value of Collateral Less Estimated Selling Costs or BOV [Member] | Weighted Average [Member] | ' | ' | ||
Fair Value Inputs, Assets, Quantitative Information [Line Items] | ' | ' | ||
Discount to appraised value | 55.00% | [1] | ' | |
Estimated selling costs | 7.00% | [1] | ' | |
Fair Value, Measurements, Nonrecurring [Member] | Collateral Dependent Impaired Loans [Member] | Third Party Appraised value of Collateral Less Estimated Selling Costs [Member] | ' | ' | ||
Fair Value Inputs, Assets, Quantitative Information [Line Items] | ' | ' | ||
Assets, Fair Value Disclosure | 11,190 | 170,693 | ||
Fair Value, Measurements, Nonrecurring [Member] | Other Loans Held for Sale [Member] | Third Party Appraised value of Collateral Less Estimated Selling Costs [Member] | ' | ' | ||
Fair Value Inputs, Assets, Quantitative Information [Line Items] | ' | ' | ||
Assets, Fair Value Disclosure | 2,045 | 9,670 | ||
Fair Value, Measurements, Nonrecurring [Member] | Other Real Estate [Member] | Third Party Appraised value of Collateral Less Estimated Selling Costs [Member] | ' | ' | ||
Fair Value Inputs, Assets, Quantitative Information [Line Items] | ' | ' | ||
Assets, Fair Value Disclosure | 18,746 | 50,070 | ||
Fair Value, Measurements, Nonrecurring [Member] | Other Assets Held for Sale [Member] | Third Party Appraised value of Collateral Less Estimated Selling Costs or BOV [Member] | ' | ' | ||
Fair Value Inputs, Assets, Quantitative Information [Line Items] | ' | ' | ||
Assets, Fair Value Disclosure | 5,394 | 4,945 | ||
[1] | The range represents management's best estimate of the high and low of the value that would be assigned to a particular input. For assets measured at fair value on a non-recurring basis, the weighted average is the measure of central tendencies; it is not the value that management is using for the asset or liability. |
Fair_Value_Accounting_Carrying
Fair Value Accounting (Carrying And Estimated Fair Values Of Financial Instruments Carried On Balance Sheet) (Details) (USD $) | Jun. 30, 2014 | Dec. 31, 2013 |
In Thousands, unless otherwise specified | ||
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items] | ' | ' |
Cash and cash equivalents | $596,425 | $469,630 |
Interest bearing funds with Federal Reserve Bank | 689,284 | 644,528 |
Interest earning deposits with banks | 7,661 | 24,325 |
Federal funds sold and securities purchased under resale agreements | 79,553 | 80,975 |
Trading account assets | 20,318 | 6,113 |
Mortgage loans held for sale | 75,957 | 45,384 |
Other loans held for sale | 2,764 | 10,685 |
Investment securities available for sale | 3,080,185 | 3,199,358 |
Loans, net | 20,177,980 | 19,750,238 |
Non-interest bearing deposits | 5,875,301 | 5,642,751 |
Federal funds purchased and securities sold under repurchase agreements | 127,840 | 148,132 |
Long-term debt | 2,256,418 | 2,033,141 |
Level 1 [Member] | ' | ' |
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items] | ' | ' |
Cash and cash equivalents | 596,425 | 469,630 |
Interest bearing funds with Federal Reserve Bank | 689,284 | 644,528 |
Interest earning deposits with banks | 7,661 | 24,325 |
Federal funds sold and securities purchased under resale agreements | 79,553 | 80,975 |
Trading account assets | 0 | 0 |
Mortgage loans held for sale | 0 | 0 |
Other loans held for sale | 0 | 0 |
Investment securities available for sale | 26,643 | 26,716 |
Private equity investments | 0 | 0 |
Mutual funds held in Rabbi Trusts | 11,349 | 11,246 |
Loans, net | 0 | 0 |
Derivative asset positions | 0 | 0 |
Trading account liabilities | 0 | 0 |
Non-interest bearing deposits | 0 | 0 |
Interest bearing deposits | 0 | 0 |
Federal funds purchased and securities sold under repurchase agreements | 127,840 | 148,132 |
Salary stock units | 465 | 1,764 |
Long-term debt | 0 | 0 |
Derivative liability positions | 0 | 0 |
Level 2 [Member] | ' | ' |
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items] | ' | ' |
Cash and cash equivalents | 0 | 0 |
Interest bearing funds with Federal Reserve Bank | 0 | 0 |
Interest earning deposits with banks | 0 | 0 |
Federal funds sold and securities purchased under resale agreements | 0 | 0 |
Trading account assets | 20,318 | 6,113 |
Mortgage loans held for sale | 75,957 | 45,384 |
Other loans held for sale | 0 | 0 |
Investment securities available for sale | 3,051,676 | 3,170,292 |
Private equity investments | 1,258 | 1,615 |
Mutual funds held in Rabbi Trusts | 0 | 0 |
Loans, net | 0 | 0 |
Derivative asset positions | 36,365 | 40,004 |
Trading account liabilities | 7,309 | 1,763 |
Non-interest bearing deposits | 5,875,301 | 5,642,751 |
Interest bearing deposits | 15,123,417 | 15,244,020 |
Federal funds purchased and securities sold under repurchase agreements | 0 | 0 |
Salary stock units | 0 | 0 |
Long-term debt | 2,329,660 | 2,095,720 |
Derivative liability positions | 36,168 | 39,436 |
Level 3 [Member] | ' | ' |
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items] | ' | ' |
Cash and cash equivalents | 0 | 0 |
Interest bearing funds with Federal Reserve Bank | 0 | 0 |
Interest earning deposits with banks | 0 | 0 |
Federal funds sold and securities purchased under resale agreements | 0 | 0 |
Trading account assets | 0 | 0 |
Mortgage loans held for sale | 0 | 0 |
Other loans held for sale | 2,764 | 10,685 |
Investment securities available for sale | 1,866 | 2,350 |
Private equity investments | 27,376 | 27,745 |
Mutual funds held in Rabbi Trusts | 0 | 0 |
Loans, net | 20,188,381 | 19,763,708 |
Derivative asset positions | 0 | 0 |
Trading account liabilities | 0 | 0 |
Non-interest bearing deposits | 0 | 0 |
Interest bearing deposits | 0 | 0 |
Federal funds purchased and securities sold under repurchase agreements | 0 | 0 |
Salary stock units | 0 | 0 |
Long-term debt | 0 | 0 |
Derivative liability positions | 2,438 | 2,706 |
Carrying Value [Member] | ' | ' |
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items] | ' | ' |
Cash and cash equivalents | 596,425 | 469,630 |
Interest bearing funds with Federal Reserve Bank | 689,284 | 644,528 |
Interest earning deposits with banks | 7,661 | 24,325 |
Federal funds sold and securities purchased under resale agreements | 79,553 | 80,975 |
Trading account assets | 20,318 | 6,113 |
Mortgage loans held for sale | 75,957 | 45,384 |
Other loans held for sale | 2,764 | 10,685 |
Investment securities available for sale | 3,080,185 | 3,199,358 |
Private equity investments | 28,634 | 29,360 |
Mutual funds held in Rabbi Trusts | 11,349 | 11,246 |
Loans, net | 20,455,763 | 20,057,798 |
Derivative asset positions | 36,365 | 40,004 |
Trading account liabilities | 7,309 | 1,763 |
Non-interest bearing deposits | 5,875,301 | 5,642,751 |
Interest bearing deposits | 15,118,166 | 15,234,039 |
Federal funds purchased and securities sold under repurchase agreements | 127,840 | 148,132 |
Salary stock units | 465 | 1,764 |
Long-term debt | 2,256,418 | 2,033,141 |
Derivative liability positions | 38,606 | 42,142 |
Estimated Fair Value [Member] | ' | ' |
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items] | ' | ' |
Cash and cash equivalents | 596,425 | 469,630 |
Interest bearing funds with Federal Reserve Bank | 689,284 | 644,528 |
Interest earning deposits with banks | 7,661 | 24,325 |
Federal funds sold and securities purchased under resale agreements | 79,553 | 80,975 |
Trading account assets | 20,318 | 6,113 |
Mortgage loans held for sale | 75,957 | 45,384 |
Other loans held for sale | 2,764 | 10,685 |
Investment securities available for sale | 3,080,185 | 3,199,358 |
Private equity investments | 28,634 | 29,360 |
Mutual funds held in Rabbi Trusts | 11,349 | 11,246 |
Loans, net | 20,188,381 | 19,763,708 |
Derivative asset positions | 36,365 | 40,004 |
Trading account liabilities | 7,309 | 1,763 |
Non-interest bearing deposits | 5,875,301 | 5,642,751 |
Interest bearing deposits | 15,123,417 | 15,244,020 |
Federal funds purchased and securities sold under repurchase agreements | 127,840 | 148,132 |
Salary stock units | 465 | 1,764 |
Long-term debt | 2,329,660 | 2,095,720 |
Derivative liability positions | $38,606 | $42,142 |
Derivative_Instruments_Narrati
Derivative Instruments (Narrative) (Details) (USD $) | 6 Months Ended | ||
Jun. 30, 2014 | Jun. 30, 2013 | Dec. 31, 2013 | |
Derivative [Line Items] | ' | ' | ' |
Cash flow hedge gain (loss) to be reclassified within 12 months | ($447,000) | ' | ' |
Remaining unamortized deferred gain (loss) balance of all previously terminated cash flow hedges | -1,300,000 | ' | -1,600,000 |
Remaining deferred gain (loss) balance on all previously terminated fair value hedges | 9,200,000 | ' | 10,700,000 |
Deferred gain balance on terminated fair value hedges expected to be reclassified from long-term debt | 3,100,000 | ' | ' |
Gain (loss) on sale of outstanding commitments | -2,000,000 | 7,400,000 | ' |
Deferred gains (loss) on discontinuation of cash flow hedge reclassified to earnings | 1,500,000 | 1,700,000 | ' |
Fixed Rate Residential Mortgage [Member] | ' | ' | ' |
Derivative [Line Items] | ' | ' | ' |
Commitments to fund fixed-rate mortgage loans | 100,700,000 | ' | 65,000,000 |
Unrealized gain on fair value of fixed-rate mortgage loans to customers | 1,300,000 | -2,500,000 | ' |
Sale of outstanding commitments | 125,000,000 | ' | 92,000,000 |
Interest Rate Swap [Member] | ' | ' | ' |
Derivative [Line Items] | ' | ' | ' |
Derivative, fair value | 2,400,000 | ' | 2,700,000 |
Interest Rate Swap [Member] | Customer Related Interest Rate Risk [Member] | ' | ' | ' |
Derivative [Line Items] | ' | ' | ' |
Notional amount of interest rate swap contracts | 1,130,000,000 | ' | 49,200,000 |
Federal Funds Sold [Member] | ' | ' | ' |
Derivative [Line Items] | ' | ' | ' |
Federal funds sold | 73,100,000 | ' | ' |
Federal Funds Sold, Counterparty with CCC [Member] | ' | ' | ' |
Derivative [Line Items] | ' | ' | ' |
Federal funds sold | $4,000,000 | ' | ' |
Derivative_Instruments_Impact_
Derivative Instruments (Impact Of Derivatives On Balance Sheet) (Details) (Not Designated As Hedging Instruments [Member], USD $) | Jun. 30, 2014 | Dec. 31, 2013 |
In Thousands, unless otherwise specified | ||
Other Assets [Member] | ' | ' |
Derivative [Line Items] | ' | ' |
Fair value of derivative assets | $36,365 | $40,004 |
Other Assets [Member] | Interest Rate Contracts [Member] | ' | ' |
Derivative [Line Items] | ' | ' |
Fair value of derivative assets | 34,476 | 38,482 |
Other Assets [Member] | Mortgage Derivatives [Member] | ' | ' |
Derivative [Line Items] | ' | ' |
Fair value of derivative assets | 1,889 | 1,522 |
Other Assets [Member] | Visa Derivative[Member] | ' | ' |
Derivative [Line Items] | ' | ' |
Fair value of derivative assets | 0 | 0 |
Other Liabilities [Member] | ' | ' |
Derivative [Line Items] | ' | ' |
Fair value of derivative liabilities | 38,606 | 42,142 |
Other Liabilities [Member] | Interest Rate Contracts [Member] | ' | ' |
Derivative [Line Items] | ' | ' |
Fair value of derivative liabilities | 35,046 | 39,436 |
Other Liabilities [Member] | Mortgage Derivatives [Member] | ' | ' |
Derivative [Line Items] | ' | ' |
Fair value of derivative liabilities | 1,122 | 0 |
Other Liabilities [Member] | Visa Derivative[Member] | ' | ' |
Derivative [Line Items] | ' | ' |
Fair value of derivative liabilities | $2,438 | $2,706 |
Derivative_Instruments_Effect_
Derivative Instruments (Effect Of Cash Flow Hedges On Consolidated Statements Of Income) (Details) (USD $) | 3 Months Ended | 6 Months Ended | ||
In Thousands, unless otherwise specified | Jun. 30, 2014 | Jun. 30, 2013 | Jun. 30, 2014 | Jun. 30, 2013 |
Derivative [Line Items] | ' | ' | ' | ' |
Other Comprehensive Income (Loss), Reclassification Adjustment from AOCI on Derivatives, Net of Tax | ($68) | ($67) | ($137) | ($136) |
Derivative_Instruments_Effect_1
Derivative Instruments (Effect Of Fair Value Hedges On Consolidated Statements Of Income) (Details) (Not Designated As Hedging Instruments [Member], USD $) | 3 Months Ended | 6 Months Ended | ||||||
In Thousands, unless otherwise specified | Jun. 30, 2014 | Jun. 30, 2013 | Jun. 30, 2014 | Jun. 30, 2013 | ||||
Derivative [Line Items] | ' | ' | ' | ' | ||||
Amount of Gain (Loss) Recognized in Income on Derivative | ($154) | $4,751 | ($371) | $4,784 | ||||
Other Non-Interest Income [Member] | Interest Rate Contracts [Member] | ' | ' | ' | ' | ||||
Derivative [Line Items] | ' | ' | ' | ' | ||||
Amount of Gain (Loss) Recognized in Income on Derivative | 281 | [1] | -279 | [1] | 384 | [1] | -158 | [1] |
Mortgage Banking Income [Member] | Mortgage Derivatives [Member] | ' | ' | ' | ' | ||||
Derivative [Line Items] | ' | ' | ' | ' | ||||
Amount of Gain (Loss) Recognized in Income on Derivative | ($435) | [2] | $5,030 | [2] | ($755) | [2] | $4,942 | [2] |
[1] | Gain (loss) represents net fair value adjustments (including credit related adjustments) for customer swaps and offsetting positions. | |||||||
[2] | Gain (loss) represents net fair value adjustments recorded for interest rate lock commitments and commitments to sell mortgage loans to third party investors. |
Net_Income_Per_Common_Share_Sc
Net Income Per Common Share (Schedule Of Basic And Diluted Earnings Per Share) (Details) (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 |
Basic Earnings (Loss) Per Share | ' | ' | ' | ' |
Net income available to common shareholders | $44,313 | $30,717 | $90,170 | $45,515 |
Weighted average common shares outstanding | 138,991 | 121,585 | 138,961 | 117,035 |
Basic net income per common share | $0.32 | $0.25 | $0.65 | $0.39 |
Diluted Earnings (Loss) Per Share | ' | ' | ' | ' |
Net income available to common shareholders | $44,313 | $30,717 | $90,170 | $45,515 |
Weighted average common shares outstanding | 138,991 | 121,585 | 138,961 | 117,035 |
Potentially dilutive shares from assumed exercise of securities or other contracts to purchase Common Stock | 576 | 8,549 | 574 | 13,092 |
Weighted average number of diluted common shares | 139,567 | 130,134 | 139,535 | 130,127 |
Diluted net income per common share | $0.32 | $0.24 | $0.65 | $0.35 |
Net_Income_Per_Common_Share_Na
Net Income Per Common Share (Narrative) (Details) | 0 Months Ended | 6 Months Ended | 12 Months Ended | |||
Apr. 24, 2014 | Jun. 30, 2014 | Jun. 30, 2013 | Dec. 31, 2013 | 15-May-13 | Dec. 31, 2010 | |
Public Offering [Member] | ||||||
tMEDS [Member] | ||||||
Antidilutive Securities Excluded from Computation of Earnings Per Share [Line Items] | ' | ' | ' | ' | ' | ' |
Stock split, conversion ratio | 0.1429 | ' | ' | ' | ' | ' |
Units issued | ' | ' | ' | ' | ' | 13,800,000 |
Common stock, shares issued | ' | 139,835,110 | ' | 139,720,701 | 17,500,000 | ' |
Number of anti-dilutive shares | ' | 3,500,000 | 4,100,000 | ' | ' | ' |
Sharebased_Compensation_Detail
Share-based Compensation (Details) (USD $) | 3 Months Ended | 6 Months Ended | ||
Jun. 30, 2014 | Jun. 30, 2013 | Jun. 30, 2014 | Jun. 30, 2013 | |
Share-based Compensation Arrangement by Share-based Payment Award [Line Items] | ' | ' | ' | ' |
Share-based compensation expense | $2,500,000 | $1,600,000 | $4,700,000 | $3,400,000 |
Stock Options [Member] | ' | ' | ' | ' |
Share-based Compensation Arrangement by Share-based Payment Award [Line Items] | ' | ' | ' | ' |
Share equivalents ratio | 1 | ' | 1 | ' |
Options outstanding | 3,010,614 | ' | 3,010,614 | ' |
Weighted-average exercise price, options | $48.60 | ' | $48.60 | ' |
Other equity compensation, shares granted | ' | ' | 0 | ' |
Restricted Stock Units (RSUs) [Member] | ' | ' | ' | ' |
Share-based Compensation Arrangement by Share-based Payment Award [Line Items] | ' | ' | ' | ' |
Share equivalents ratio | 2 | ' | 2 | ' |
Vesting period (in years) | ' | ' | '3 years | ' |
Other equity compensation, shares granted | ' | ' | 402,577 | ' |
Weighted-average exercise price, shares granted during period | ' | ' | $23.75 | ' |
Performance Shares [Member] | ' | ' | ' | ' |
Share-based Compensation Arrangement by Share-based Payment Award [Line Items] | ' | ' | ' | ' |
Other equity compensation, shares granted | ' | ' | 57,645 | ' |
Market Restricted Stock Units (MRSUs) [Member] | ' | ' | ' | ' |
Share-based Compensation Arrangement by Share-based Payment Award [Line Items] | ' | ' | ' | ' |
Other equity compensation, shares granted | ' | ' | 86,465 | ' |
Non-Vested Synovus Shares And Restricted Share Units [Member] | ' | ' | ' | ' |
Share-based Compensation Arrangement by Share-based Payment Award [Line Items] | ' | ' | ' | ' |
Other equity compensation, non-vested shares outstanding | 1,077,224 | ' | 1,077,224 | ' |
Weighted-average exercise price, non-vested shares outstanding | $20.55 | ' | $20.55 | ' |
Salary Stock Units (SSUs) [Member] | ' | ' | ' | ' |
Share-based Compensation Arrangement by Share-based Payment Award [Line Items] | ' | ' | ' | ' |
Other equity compensation, shares granted | ' | ' | 18,938 | ' |
Total fair value of units granted | ' | ' | $465,000 | ' |
2013 Omnibus Plan [Member] | ' | ' | ' | ' |
Share-based Compensation Arrangement by Share-based Payment Award [Line Items] | ' | ' | ' | ' |
Equivalents authorized | 7,231,901 | ' | 7,231,901 | ' |
Shares of authorized but unissued common stock reserved for future grants | 8,571,429 | ' | 8,571,429 | ' |
Contractual term (years) | ' | ' | '10 years | ' |
2013 Omnibus Plan [Member] | Minimum [Member] | ' | ' | ' | ' |
Share-based Compensation Arrangement by Share-based Payment Award [Line Items] | ' | ' | ' | ' |
Vesting period (in years) | ' | ' | '2 years | ' |
2013 Omnibus Plan [Member] | Maximum [Member] | ' | ' | ' | ' |
Share-based Compensation Arrangement by Share-based Payment Award [Line Items] | ' | ' | ' | ' |
Vesting period (in years) | ' | ' | '5 years | ' |
Income_Taxes_Narrative_Details
Income Taxes (Narrative) (Details) (USD $) | 6 Months Ended | |
Jun. 30, 2014 | Dec. 31, 2013 | |
Income Tax Contingency [Line Items] | ' | ' |
Valuation allowance | $15,000,000 | $14,600,000 |
Increase in valuation allowance | 414,000 | ' |
Net deferred tax asset | 677,513,000 | 744,646,000 |
No Expiration Date [Member] | ' | ' |
Income Tax Contingency [Line Items] | ' | ' |
Net deferred tax asset | 195,800,000 | ' |
Period from Twenty Twety Eight Throught Twenty Thirty Two [Member] | ' | ' |
Income Tax Contingency [Line Items] | ' | ' |
Operating loss carryforwards, subject to expiration | 390,100,000 | ' |
Period from Twenty Thirteen Through Twenty Thirty Two [Member] | ' | ' |
Income Tax Contingency [Line Items] | ' | ' |
Operating loss carryforwards, subject to expiration | 26,000,000 | ' |
State and Local Jurisdiction [Member] | Period from Twenty Eighteen Through Twenty Thirty Two [Member] | ' | ' |
Income Tax Contingency [Line Items] | ' | ' |
Operating loss carryforwards, subject to expiration | 56,000,000 | ' |
Domestic Tax Authority [Member] | ' | ' |
Income Tax Contingency [Line Items] | ' | ' |
Tax credit carryforwards, alternative minimum tax | $24,600,000 | ' |
Legal_Proceedings_Details
Legal Proceedings (Details) (USD $) | Jun. 30, 2014 | Oct. 04, 2013 |
Securities Class Action Settlement Payment [Member] | ||
Loss Contingencies [Line Items] | ' | ' |
Aggregate range of reasonably possible losses, minimum | $0 | ' |
Aggregate range of reasonably possible losses, maximum | 25,000,000 | ' |
Payments for legal settlements | ' | $11,800,000 |