XML 56 R56.htm IDEA: XBRL DOCUMENT v2.4.1.9
MERGERS AND ACQUISITIONS - Balance Sheet - ECB Bancorp (Details) (USD $)
In Thousands, unless otherwise specified
12 Months Ended 0 Months Ended
Dec. 31, 2014
Dec. 31, 2013
Dec. 31, 2012
Feb. 15, 2014
Feb. 16, 2014
Apr. 01, 2013
Business Acquisition [Line Items]            
Cash and cash equivalents $ 65,312us-gaap_CashAndDueFromBanks $ 29,081us-gaap_CashAndDueFromBanks        
Investment securities available for sale 672,421us-gaap_AvailableForSaleSecurities 404,388us-gaap_AvailableForSaleSecurities        
Loans, net 2,890,449us-gaap_LoansAndLeasesReceivableNetReportedAmount 1,385,790us-gaap_LoansAndLeasesReceivableNetReportedAmount        
Foreclosed assets 12,891us-gaap_ForeclosedAssets 10,518us-gaap_ForeclosedAssets        
Deferred tax asset, net 75,449us-gaap_DeferredTaxAssetsNet 56,816us-gaap_DeferredTaxAssetsNet        
Accrued interest receivable and other assets 81,327us-gaap_OtherAssets 38,118us-gaap_OtherAssets        
Total assets 4,266,309us-gaap_Assets 2,122,713us-gaap_Assets        
Deposits 3,247,364us-gaap_Deposits 1,672,231us-gaap_Deposits        
Short-term borrowings 250,500us-gaap_ShortTermBorrowings 126,500us-gaap_ShortTermBorrowings        
Long-term debt 180,164us-gaap_LongTermDebt 72,921us-gaap_LongTermDebt        
Accrued interest payable and other liabilities 30,479crfn_AccruedExpensesAndOtherLiabilities 13,002crfn_AccruedExpensesAndOtherLiabilities        
Total liabilities 3,708,507us-gaap_Liabilities 1,884,654us-gaap_Liabilities        
Preferred stock 28,405us-gaap_PreferredStockValue 0us-gaap_PreferredStockValue        
Common stock warrants 717us-gaap_WarrantsAndRightsOutstanding 0us-gaap_WarrantsAndRightsOutstanding        
Gain on acquisition 0us-gaap_BusinessCombinationBargainPurchaseGainRecognizedAmount 7,382us-gaap_BusinessCombinationBargainPurchaseGainRecognizedAmount 0us-gaap_BusinessCombinationBargainPurchaseGainRecognizedAmount      
Minimum            
Business Acquisition [Line Items]            
Preferred stock, dividend rate (as a percentage)       5.00%us-gaap_PreferredStockDividendRatePercentage
/ us-gaap_RangeAxis
= us-gaap_MinimumMember
   
Maximum            
Business Acquisition [Line Items]            
Preferred stock, dividend rate (as a percentage)         9.00%us-gaap_PreferredStockDividendRatePercentage
/ us-gaap_RangeAxis
= us-gaap_MaximumMember
 
East Carolina Bancorp, Inc            
Business Acquisition [Line Items]            
Cash and cash equivalents           24,008us-gaap_CashAndDueFromBanks
/ us-gaap_BusinessAcquisitionAxis
= crfn_EastCarolinaBancorpMember
Investment securities available for sale           289,359us-gaap_AvailableForSaleSecurities
/ us-gaap_BusinessAcquisitionAxis
= crfn_EastCarolinaBancorpMember
Loans held for sale           13,456us-gaap_MortgagesHeldForSaleFairValueDisclosure
/ us-gaap_BusinessAcquisitionAxis
= crfn_EastCarolinaBancorpMember
Loans, net           453,054us-gaap_LoansAndLeasesReceivableNetReportedAmount
/ us-gaap_BusinessAcquisitionAxis
= crfn_EastCarolinaBancorpMember
Federal Home Loan Bank stock, at cost           3,150us-gaap_InvestmentInFederalHomeLoanBankStockFairValueDisclosure
/ us-gaap_BusinessAcquisitionAxis
= crfn_EastCarolinaBancorpMember
Premises and equipment           24,591us-gaap_PropertyPlantAndEquipmentFairValueDisclosure
/ us-gaap_BusinessAcquisitionAxis
= crfn_EastCarolinaBancorpMember
Bank-owned life insurance           12,249us-gaap_LifeInsuranceCorporateOrBankOwnedAmount
/ us-gaap_BusinessAcquisitionAxis
= crfn_EastCarolinaBancorpMember
Foreclosed assets           6,068us-gaap_ForeclosedAssets
/ us-gaap_BusinessAcquisitionAxis
= crfn_EastCarolinaBancorpMember
Deferred tax asset, net           16,608us-gaap_DeferredTaxAssetsNet
/ us-gaap_BusinessAcquisitionAxis
= crfn_EastCarolinaBancorpMember
Other intangible assets           4,307us-gaap_IndefiniteLivedIntangibleAssetsExcludingGoodwillFairValueDisclosure
/ us-gaap_BusinessAcquisitionAxis
= crfn_EastCarolinaBancorpMember
Accrued interest receivable and other assets           8,836us-gaap_OtherAssets
/ us-gaap_BusinessAcquisitionAxis
= crfn_EastCarolinaBancorpMember
Total assets           855,686us-gaap_Assets
/ us-gaap_BusinessAcquisitionAxis
= crfn_EastCarolinaBancorpMember
Deposits           736,114us-gaap_Deposits
/ us-gaap_BusinessAcquisitionAxis
= crfn_EastCarolinaBancorpMember
Short-term borrowings           34,284us-gaap_ShortTermBorrowings
/ us-gaap_BusinessAcquisitionAxis
= crfn_EastCarolinaBancorpMember
Long-term debt           16,460us-gaap_LongTermDebt
/ us-gaap_BusinessAcquisitionAxis
= crfn_EastCarolinaBancorpMember
Accrued interest payable and other liabilities           3,131crfn_AccruedExpensesAndOtherLiabilities
/ us-gaap_BusinessAcquisitionAxis
= crfn_EastCarolinaBancorpMember
Total liabilities           789,989us-gaap_Liabilities
/ us-gaap_BusinessAcquisitionAxis
= crfn_EastCarolinaBancorpMember
Net assets acquired           65,697us-gaap_BusinessCombinationRecognizedIdentifiableAssetsAcquiredAndLiabilitiesAssumedNet
/ us-gaap_BusinessAcquisitionAxis
= crfn_EastCarolinaBancorpMember
Preferred stock           17,553us-gaap_PreferredStockValue
/ us-gaap_BusinessAcquisitionAxis
= crfn_EastCarolinaBancorpMember
Common stock warrants           133us-gaap_WarrantsAndRightsOutstanding
/ us-gaap_BusinessAcquisitionAxis
= crfn_EastCarolinaBancorpMember
Total other equity interests           17,686crfn_NonControllingInterestFairValueTotal
/ us-gaap_BusinessAcquisitionAxis
= crfn_EastCarolinaBancorpMember
Gain on acquisition           7,382us-gaap_BusinessCombinationBargainPurchaseGainRecognizedAmount
/ us-gaap_BusinessAcquisitionAxis
= crfn_EastCarolinaBancorpMember
Purchase price           40,629us-gaap_BusinessCombinationConsiderationTransferred1
/ us-gaap_BusinessAcquisitionAxis
= crfn_EastCarolinaBancorpMember
Scenario, Previously Reported | East Carolina Bancorp, Inc            
Business Acquisition [Line Items]            
Cash and cash equivalents           24,008us-gaap_CashAndDueFromBanks
/ us-gaap_BusinessAcquisitionAxis
= crfn_EastCarolinaBancorpMember
/ us-gaap_NonrecurringAdjustmentAxis
= crfn_NonrecurringAdjustmentsPreviouslyReportedMember
Investment securities available for sale           289,058us-gaap_AvailableForSaleSecurities
/ us-gaap_BusinessAcquisitionAxis
= crfn_EastCarolinaBancorpMember
/ us-gaap_NonrecurringAdjustmentAxis
= crfn_NonrecurringAdjustmentsPreviouslyReportedMember
Loans held for sale           3,857us-gaap_MortgagesHeldForSaleFairValueDisclosure
/ us-gaap_BusinessAcquisitionAxis
= crfn_EastCarolinaBancorpMember
/ us-gaap_NonrecurringAdjustmentAxis
= crfn_NonrecurringAdjustmentsPreviouslyReportedMember
Loans, net           483,474us-gaap_LoansAndLeasesReceivableNetReportedAmount
/ us-gaap_BusinessAcquisitionAxis
= crfn_EastCarolinaBancorpMember
/ us-gaap_NonrecurringAdjustmentAxis
= crfn_NonrecurringAdjustmentsPreviouslyReportedMember
Federal Home Loan Bank stock, at cost           3,150us-gaap_InvestmentInFederalHomeLoanBankStockFairValueDisclosure
/ us-gaap_BusinessAcquisitionAxis
= crfn_EastCarolinaBancorpMember
/ us-gaap_NonrecurringAdjustmentAxis
= crfn_NonrecurringAdjustmentsPreviouslyReportedMember
Premises and equipment           25,633us-gaap_PropertyPlantAndEquipmentFairValueDisclosure
/ us-gaap_BusinessAcquisitionAxis
= crfn_EastCarolinaBancorpMember
/ us-gaap_NonrecurringAdjustmentAxis
= crfn_NonrecurringAdjustmentsPreviouslyReportedMember
Bank-owned life insurance           12,249us-gaap_LifeInsuranceCorporateOrBankOwnedAmount
/ us-gaap_BusinessAcquisitionAxis
= crfn_EastCarolinaBancorpMember
/ us-gaap_NonrecurringAdjustmentAxis
= crfn_NonrecurringAdjustmentsPreviouslyReportedMember
Foreclosed assets           7,090us-gaap_ForeclosedAssets
/ us-gaap_BusinessAcquisitionAxis
= crfn_EastCarolinaBancorpMember
/ us-gaap_NonrecurringAdjustmentAxis
= crfn_NonrecurringAdjustmentsPreviouslyReportedMember
Deferred tax asset, net           6,986us-gaap_DeferredTaxAssetsNet
/ us-gaap_BusinessAcquisitionAxis
= crfn_EastCarolinaBancorpMember
/ us-gaap_NonrecurringAdjustmentAxis
= crfn_NonrecurringAdjustmentsPreviouslyReportedMember
Other intangible assets           0us-gaap_IndefiniteLivedIntangibleAssetsExcludingGoodwillFairValueDisclosure
/ us-gaap_BusinessAcquisitionAxis
= crfn_EastCarolinaBancorpMember
/ us-gaap_NonrecurringAdjustmentAxis
= crfn_NonrecurringAdjustmentsPreviouslyReportedMember
Accrued interest receivable and other assets           10,423us-gaap_OtherAssets
/ us-gaap_BusinessAcquisitionAxis
= crfn_EastCarolinaBancorpMember
/ us-gaap_NonrecurringAdjustmentAxis
= crfn_NonrecurringAdjustmentsPreviouslyReportedMember
Total assets           865,928us-gaap_Assets
/ us-gaap_BusinessAcquisitionAxis
= crfn_EastCarolinaBancorpMember
/ us-gaap_NonrecurringAdjustmentAxis
= crfn_NonrecurringAdjustmentsPreviouslyReportedMember
Deposits           731,926us-gaap_Deposits
/ us-gaap_BusinessAcquisitionAxis
= crfn_EastCarolinaBancorpMember
/ us-gaap_NonrecurringAdjustmentAxis
= crfn_NonrecurringAdjustmentsPreviouslyReportedMember
Short-term borrowings           34,284us-gaap_ShortTermBorrowings
/ us-gaap_BusinessAcquisitionAxis
= crfn_EastCarolinaBancorpMember
/ us-gaap_NonrecurringAdjustmentAxis
= crfn_NonrecurringAdjustmentsPreviouslyReportedMember
Long-term debt           16,000us-gaap_LongTermDebt
/ us-gaap_BusinessAcquisitionAxis
= crfn_EastCarolinaBancorpMember
/ us-gaap_NonrecurringAdjustmentAxis
= crfn_NonrecurringAdjustmentsPreviouslyReportedMember
Accrued interest payable and other liabilities           2,867crfn_AccruedExpensesAndOtherLiabilities
/ us-gaap_BusinessAcquisitionAxis
= crfn_EastCarolinaBancorpMember
/ us-gaap_NonrecurringAdjustmentAxis
= crfn_NonrecurringAdjustmentsPreviouslyReportedMember
Total liabilities           785,077us-gaap_Liabilities
/ us-gaap_BusinessAcquisitionAxis
= crfn_EastCarolinaBancorpMember
/ us-gaap_NonrecurringAdjustmentAxis
= crfn_NonrecurringAdjustmentsPreviouslyReportedMember
Net assets acquired           80,851us-gaap_BusinessCombinationRecognizedIdentifiableAssetsAcquiredAndLiabilitiesAssumedNet
/ us-gaap_BusinessAcquisitionAxis
= crfn_EastCarolinaBancorpMember
/ us-gaap_NonrecurringAdjustmentAxis
= crfn_NonrecurringAdjustmentsPreviouslyReportedMember
Preferred stock           17,660us-gaap_PreferredStockValue
/ us-gaap_BusinessAcquisitionAxis
= crfn_EastCarolinaBancorpMember
/ us-gaap_NonrecurringAdjustmentAxis
= crfn_NonrecurringAdjustmentsPreviouslyReportedMember
Common stock warrants           878us-gaap_WarrantsAndRightsOutstanding
/ us-gaap_BusinessAcquisitionAxis
= crfn_EastCarolinaBancorpMember
/ us-gaap_NonrecurringAdjustmentAxis
= crfn_NonrecurringAdjustmentsPreviouslyReportedMember
Total other equity interests           18,538crfn_NonControllingInterestFairValueTotal
/ us-gaap_BusinessAcquisitionAxis
= crfn_EastCarolinaBancorpMember
/ us-gaap_NonrecurringAdjustmentAxis
= crfn_NonrecurringAdjustmentsPreviouslyReportedMember
Initial Fair Value Adjustments | East Carolina Bancorp, Inc            
Business Acquisition [Line Items]            
Cash and cash equivalents           0us-gaap_CashAndDueFromBanks
/ us-gaap_BusinessAcquisitionAxis
= crfn_EastCarolinaBancorpMember
/ us-gaap_NonrecurringAdjustmentAxis
= crfn_InitialFairValueAdjustmentsMember
Investment securities available for sale           301us-gaap_AvailableForSaleSecurities
/ us-gaap_BusinessAcquisitionAxis
= crfn_EastCarolinaBancorpMember
/ us-gaap_NonrecurringAdjustmentAxis
= crfn_InitialFairValueAdjustmentsMember
[1]
Loans held for sale           9,790us-gaap_MortgagesHeldForSaleFairValueDisclosure
/ us-gaap_BusinessAcquisitionAxis
= crfn_EastCarolinaBancorpMember
/ us-gaap_NonrecurringAdjustmentAxis
= crfn_InitialFairValueAdjustmentsMember
[2]
Loans, net           (30,420)us-gaap_LoansAndLeasesReceivableNetReportedAmount
/ us-gaap_BusinessAcquisitionAxis
= crfn_EastCarolinaBancorpMember
/ us-gaap_NonrecurringAdjustmentAxis
= crfn_InitialFairValueAdjustmentsMember
[3]
Federal Home Loan Bank stock, at cost           0us-gaap_InvestmentInFederalHomeLoanBankStockFairValueDisclosure
/ us-gaap_BusinessAcquisitionAxis
= crfn_EastCarolinaBancorpMember
/ us-gaap_NonrecurringAdjustmentAxis
= crfn_InitialFairValueAdjustmentsMember
Premises and equipment           (1,177)us-gaap_PropertyPlantAndEquipmentFairValueDisclosure
/ us-gaap_BusinessAcquisitionAxis
= crfn_EastCarolinaBancorpMember
/ us-gaap_NonrecurringAdjustmentAxis
= crfn_InitialFairValueAdjustmentsMember
[4]
Bank-owned life insurance           0us-gaap_LifeInsuranceCorporateOrBankOwnedAmount
/ us-gaap_BusinessAcquisitionAxis
= crfn_EastCarolinaBancorpMember
/ us-gaap_NonrecurringAdjustmentAxis
= crfn_InitialFairValueAdjustmentsMember
Foreclosed assets           (717)us-gaap_ForeclosedAssets
/ us-gaap_BusinessAcquisitionAxis
= crfn_EastCarolinaBancorpMember
/ us-gaap_NonrecurringAdjustmentAxis
= crfn_InitialFairValueAdjustmentsMember
[5]
Deferred tax asset, net           9,082us-gaap_DeferredTaxAssetsNet
/ us-gaap_BusinessAcquisitionAxis
= crfn_EastCarolinaBancorpMember
/ us-gaap_NonrecurringAdjustmentAxis
= crfn_InitialFairValueAdjustmentsMember
[6]
Other intangible assets           4,307us-gaap_IndefiniteLivedIntangibleAssetsExcludingGoodwillFairValueDisclosure
/ us-gaap_BusinessAcquisitionAxis
= crfn_EastCarolinaBancorpMember
/ us-gaap_NonrecurringAdjustmentAxis
= crfn_InitialFairValueAdjustmentsMember
[7]
Accrued interest receivable and other assets           (665)us-gaap_OtherAssets
/ us-gaap_BusinessAcquisitionAxis
= crfn_EastCarolinaBancorpMember
/ us-gaap_NonrecurringAdjustmentAxis
= crfn_InitialFairValueAdjustmentsMember
[8]
Total assets           (9,499)us-gaap_Assets
/ us-gaap_BusinessAcquisitionAxis
= crfn_EastCarolinaBancorpMember
/ us-gaap_NonrecurringAdjustmentAxis
= crfn_InitialFairValueAdjustmentsMember
Deposits           4,188us-gaap_Deposits
/ us-gaap_BusinessAcquisitionAxis
= crfn_EastCarolinaBancorpMember
/ us-gaap_NonrecurringAdjustmentAxis
= crfn_InitialFairValueAdjustmentsMember
[9]
Short-term borrowings           0us-gaap_ShortTermBorrowings
/ us-gaap_BusinessAcquisitionAxis
= crfn_EastCarolinaBancorpMember
/ us-gaap_NonrecurringAdjustmentAxis
= crfn_InitialFairValueAdjustmentsMember
Long-term debt           460us-gaap_LongTermDebt
/ us-gaap_BusinessAcquisitionAxis
= crfn_EastCarolinaBancorpMember
/ us-gaap_NonrecurringAdjustmentAxis
= crfn_InitialFairValueAdjustmentsMember
[10]
Accrued interest payable and other liabilities           148crfn_AccruedExpensesAndOtherLiabilities
/ us-gaap_BusinessAcquisitionAxis
= crfn_EastCarolinaBancorpMember
/ us-gaap_NonrecurringAdjustmentAxis
= crfn_InitialFairValueAdjustmentsMember
[11]
Total liabilities           4,796us-gaap_Liabilities
/ us-gaap_BusinessAcquisitionAxis
= crfn_EastCarolinaBancorpMember
/ us-gaap_NonrecurringAdjustmentAxis
= crfn_InitialFairValueAdjustmentsMember
Net assets acquired           (14,295)us-gaap_BusinessCombinationRecognizedIdentifiableAssetsAcquiredAndLiabilitiesAssumedNet
/ us-gaap_BusinessAcquisitionAxis
= crfn_EastCarolinaBancorpMember
/ us-gaap_NonrecurringAdjustmentAxis
= crfn_InitialFairValueAdjustmentsMember
Preferred stock           (107)us-gaap_PreferredStockValue
/ us-gaap_BusinessAcquisitionAxis
= crfn_EastCarolinaBancorpMember
/ us-gaap_NonrecurringAdjustmentAxis
= crfn_InitialFairValueAdjustmentsMember
[12]
Common stock warrants           (745)us-gaap_WarrantsAndRightsOutstanding
/ us-gaap_BusinessAcquisitionAxis
= crfn_EastCarolinaBancorpMember
/ us-gaap_NonrecurringAdjustmentAxis
= crfn_InitialFairValueAdjustmentsMember
[12]
Total other equity interests           (852)crfn_NonControllingInterestFairValueTotal
/ us-gaap_BusinessAcquisitionAxis
= crfn_EastCarolinaBancorpMember
/ us-gaap_NonrecurringAdjustmentAxis
= crfn_InitialFairValueAdjustmentsMember
Measurement Period Adjustment | East Carolina Bancorp, Inc            
Business Acquisition [Line Items]            
Cash and cash equivalents           0us-gaap_CashAndDueFromBanks
/ us-gaap_BusinessAcquisitionAxis
= crfn_EastCarolinaBancorpMember
/ us-gaap_NonrecurringAdjustmentAxis
= crfn_MeasurementPeriodAdjustmentMember
Investment securities available for sale           0us-gaap_AvailableForSaleSecurities
/ us-gaap_BusinessAcquisitionAxis
= crfn_EastCarolinaBancorpMember
/ us-gaap_NonrecurringAdjustmentAxis
= crfn_MeasurementPeriodAdjustmentMember
Loans held for sale           (191)us-gaap_MortgagesHeldForSaleFairValueDisclosure
/ us-gaap_BusinessAcquisitionAxis
= crfn_EastCarolinaBancorpMember
/ us-gaap_NonrecurringAdjustmentAxis
= crfn_MeasurementPeriodAdjustmentMember
[13]
Loans, net           0us-gaap_LoansAndLeasesReceivableNetReportedAmount
/ us-gaap_BusinessAcquisitionAxis
= crfn_EastCarolinaBancorpMember
/ us-gaap_NonrecurringAdjustmentAxis
= crfn_MeasurementPeriodAdjustmentMember
Federal Home Loan Bank stock, at cost           0us-gaap_InvestmentInFederalHomeLoanBankStockFairValueDisclosure
/ us-gaap_BusinessAcquisitionAxis
= crfn_EastCarolinaBancorpMember
/ us-gaap_NonrecurringAdjustmentAxis
= crfn_MeasurementPeriodAdjustmentMember
Premises and equipment           135us-gaap_PropertyPlantAndEquipmentFairValueDisclosure
/ us-gaap_BusinessAcquisitionAxis
= crfn_EastCarolinaBancorpMember
/ us-gaap_NonrecurringAdjustmentAxis
= crfn_MeasurementPeriodAdjustmentMember
[13]
Bank-owned life insurance           0us-gaap_LifeInsuranceCorporateOrBankOwnedAmount
/ us-gaap_BusinessAcquisitionAxis
= crfn_EastCarolinaBancorpMember
/ us-gaap_NonrecurringAdjustmentAxis
= crfn_MeasurementPeriodAdjustmentMember
Foreclosed assets           (305)us-gaap_ForeclosedAssets
/ us-gaap_BusinessAcquisitionAxis
= crfn_EastCarolinaBancorpMember
/ us-gaap_NonrecurringAdjustmentAxis
= crfn_MeasurementPeriodAdjustmentMember
[13]
Deferred tax asset, net           540us-gaap_DeferredTaxAssetsNet
/ us-gaap_BusinessAcquisitionAxis
= crfn_EastCarolinaBancorpMember
/ us-gaap_NonrecurringAdjustmentAxis
= crfn_MeasurementPeriodAdjustmentMember
[13]
Other intangible assets           0us-gaap_IndefiniteLivedIntangibleAssetsExcludingGoodwillFairValueDisclosure
/ us-gaap_BusinessAcquisitionAxis
= crfn_EastCarolinaBancorpMember
/ us-gaap_NonrecurringAdjustmentAxis
= crfn_MeasurementPeriodAdjustmentMember
Accrued interest receivable and other assets           (922)us-gaap_OtherAssets
/ us-gaap_BusinessAcquisitionAxis
= crfn_EastCarolinaBancorpMember
/ us-gaap_NonrecurringAdjustmentAxis
= crfn_MeasurementPeriodAdjustmentMember
[13]
Total assets           (743)us-gaap_Assets
/ us-gaap_BusinessAcquisitionAxis
= crfn_EastCarolinaBancorpMember
/ us-gaap_NonrecurringAdjustmentAxis
= crfn_MeasurementPeriodAdjustmentMember
Deposits           0us-gaap_Deposits
/ us-gaap_BusinessAcquisitionAxis
= crfn_EastCarolinaBancorpMember
/ us-gaap_NonrecurringAdjustmentAxis
= crfn_MeasurementPeriodAdjustmentMember
Short-term borrowings           0us-gaap_ShortTermBorrowings
/ us-gaap_BusinessAcquisitionAxis
= crfn_EastCarolinaBancorpMember
/ us-gaap_NonrecurringAdjustmentAxis
= crfn_MeasurementPeriodAdjustmentMember
Long-term debt           0us-gaap_LongTermDebt
/ us-gaap_BusinessAcquisitionAxis
= crfn_EastCarolinaBancorpMember
/ us-gaap_NonrecurringAdjustmentAxis
= crfn_MeasurementPeriodAdjustmentMember
Accrued interest payable and other liabilities           116crfn_AccruedExpensesAndOtherLiabilities
/ us-gaap_BusinessAcquisitionAxis
= crfn_EastCarolinaBancorpMember
/ us-gaap_NonrecurringAdjustmentAxis
= crfn_MeasurementPeriodAdjustmentMember
[13]
Total liabilities           116us-gaap_Liabilities
/ us-gaap_BusinessAcquisitionAxis
= crfn_EastCarolinaBancorpMember
/ us-gaap_NonrecurringAdjustmentAxis
= crfn_MeasurementPeriodAdjustmentMember
Net assets acquired           (859)us-gaap_BusinessCombinationRecognizedIdentifiableAssetsAcquiredAndLiabilitiesAssumedNet
/ us-gaap_BusinessAcquisitionAxis
= crfn_EastCarolinaBancorpMember
/ us-gaap_NonrecurringAdjustmentAxis
= crfn_MeasurementPeriodAdjustmentMember
Preferred stock           0us-gaap_PreferredStockValue
/ us-gaap_BusinessAcquisitionAxis
= crfn_EastCarolinaBancorpMember
/ us-gaap_NonrecurringAdjustmentAxis
= crfn_MeasurementPeriodAdjustmentMember
Common stock warrants           0us-gaap_WarrantsAndRightsOutstanding
/ us-gaap_BusinessAcquisitionAxis
= crfn_EastCarolinaBancorpMember
/ us-gaap_NonrecurringAdjustmentAxis
= crfn_MeasurementPeriodAdjustmentMember
Total other equity interests           $ 0crfn_NonControllingInterestFairValueTotal
/ us-gaap_BusinessAcquisitionAxis
= crfn_EastCarolinaBancorpMember
/ us-gaap_NonrecurringAdjustmentAxis
= crfn_MeasurementPeriodAdjustmentMember
[1] Adjustment reflects opening fair value of securities portfolio, which was established as the new book basis of the portfolio.
[2] Adjustment reflect the reclassification of the fair value of certain loans identified by management as being held for sale at acquisition.
[3] Adjustment reflects the elimination of ECB's historical allowance for loan losses and the recording of a fair value discount on the loan portfolio. The fair value discount was calculated by forecasting cash flows over the expected remaining life of each loan and discounting those cash flows to present value using current market rates for similar loans. Forecasted cash flows include an estimate of lifetime credit losses on the loan portfolio.
[4] Adjustment reflects fair value adjustments on certain acquired branch offices as well as certain software and computer equipment.
[5] Adjustment reflects the write down of certain foreclosed assets based on current estimates of property values given current market conditions and additional discounts based on the Company's planned disposition strategy.
[6] Adjustment reflects the tax impact of acquisition accounting fair value adjustments.
[7] Adjustment reflects the fair value of the acquired core deposit intangible.
[8] Adjustment reflects the impact of fair value adjustments on other assets, which include the write down of certain unusable prepaid expenses and the elimination of accrued interest on purchased credit-impaired loans.
[9] Adjustment reflects the fair value premium on time deposits, which was calculated by discounting future contractual interest payments at a current market interest rate.
[10] Adjustment reflects the fair value premium on long-term FHLB advances, which was calculated by discounting future contractual interest payments at a current market interest rate. This fair value premium is also consistent with the prepayment penalty the FHLB would charge to terminate the advance.
[11] Adjustment reflects the impact of fair value adjustments on other liabilities, which primarily includes the accrual of a preferred stock dividend at acquisition.
[12] Amount reflects the adjustment to record other equity interests at fair value. The fair value of preferred stock issued to Treasury was estimated by discounting future contractual dividend payments at a current market interest rate for preferred stocks of issuers with similar risk. The assumed liquidation date of the preferred stock was February 15, 2014, which was the date the dividend reset from 5 to 9 percent. The fair value of the common stock warrant issued to Treasury was estimated using a Black-Scholes option pricing model assuming a warrant life through the dividend reset date.
[13] Adjustments reflect changes to acquisition date fair values of certain assets based on additional information received post-acquisition within the measurement period. Measurement period adjustments included tax-effected adjustments to reduce the fair value of a non-marketable investment, to dispose of other assets with no value at the merger, to reduce the fair value of certain distressed loans held for sale, to reduce the fair value of certain other real estate owned, to recognize a liability for outstanding ECB employee credit card balances, and to increase the fair value of a bank-owned office.