Acquisitions (Tables)

12 Months Ended

Dec. 31, 2011

Business Acquisition [Line Items]

Net assets acquired, liabilities assumed and consideration transferred at fair value

Preliminary Statement of Net Assets Acquired (at fair value) and Consideration  Transferred (in millions except per share)
	Fair value of net assets acquired at date of acquisition June 4, 2011		Subsequent acquisition-date adjustments			As recorded by HHC December 31, 2011
ASSETS
Cash and cash equivalents	$	957	$	—		$	957
Loans held for sale		57		—			57
Securities		2,635		1			2,636
Loans and leases		6,456		(9	)		6,447
Property and equipment		284		(21	)		263
Other intangible assets (1)		266		(42	)		224
Other assets		580		(7	)		573
Total identifiable assets		11,235		(78	)		11,157
LIABILITIES
Deposits		9,182		—			9,182
Borrowings		776		—			776
Other liabilities		175		(3	)		172
Total liabilities		10,133		(3	)		10,130
Net identifiable assets acquired		1,102		(75	)		1,027
Goodwill (2)		514		75			589
Net assets acquired	$	1,616		—		$	1,616
CONSIDERATION:
Hancock Holding Company common shares issued		41
Purchase price per share of the Company's common stock (3)		32.04
Company common stock issued and cash exchanged for fractional shares	$	1,307
Stock options converted		1
Cash paid for TARP preferred stock and warrants		308
Fair value of total consideration transferred	$	1,616

(1) Intangible assets consists of core deposit intangible of $189.4 million, trade name of $11.7 million, trust relationships of $11.1 million, and credit card relationships of $11.3 million.

The amortization life is 12—20 years for the CDI intangible asset; 15 years for credit card relationships, 12 years for trust and 2.5 years for tradename intangible asset.

They will be amortized on an accelerated basis.

(2) No goodwill is expected to be deductible for federal income tax purposes. The goodwill will be primarily allocated to the Whitney Bank segment.

(3) The value of the shares of common stock exchanged with Whitney shareholders was based upon the closing price of the Company's common stock at June 3, 2011, the last traded day prior to the date of acquisition.

Restatement of interim periods for subsequent acquisition date adjustments

	June 30, 2011 Prior		June 30, 2011 Restated		September 30, 2011 Prior		September 30, 2011 Restated
Goodwill	$	513,917	$	589,531	$	513,917	$	589,531
Intangible assets		222,621		234,343		206,424		218,146

Reconciliation of goodwill and other indefinite lived intangibles

Goodwill balance at December 31, 2010	$	61,631
Additions:
Goodwill from Whitney acquistion at acquisition date		513,917
Purchase accounting fair value adjustments subsequent to acquisition date made during the fourth quarter of 2011		75,614
Goodwill balance at December 31, 2011	$	651,162

Results of operations

	Twelve Months Ended
	December 31, 2011		December 31, 2010
(In millions)
Total revenues , net of interest expense	$	979	$	983
Net Income	$	124	$	94

Loans at acquisition date

	Acquired Impaired		Acquired Performing		Total Acquired Loans
	(In thousands)
Commercial non-real estate	$	128,813	$	2,414,002	$	2,542,815
Commercial real estate owner-occupied		91,885		856,583		948,468
Construction and land development		159,438		564,795		724,233
Commercial real estate non-owner occupied		86,573		839,258		925,831
Total commercial/real estate		466,709		4,674,638		5,141,347
Residential mortgage		68,780		818,152		886,932
Consumer		—		418,563		418,563
Total	$	535,489	$	5,911,353	$	6,446,842

Acquired impaired loans at acquisition date

Contractually required principal and interest payments	$	880,612
Nonaccretable difference		212,987
Cash flows expected to be collected		667,625
Accretable difference		132,136
Fair value of loans acquired with a deterioration of credit quality	$	535,489

Assets purchased, liabilities assumed and the adjustments to fair value

	As Recorded by Peoples First Community Bank		Fair Value Adjustments			As Recorded by Hancock
	(In thousands)
Assets
Cash	$	98,068	$	302,208	(a)	$	400,276
Securities		16,149		—			16,149
Loans		1,461,541		(511,111	) (b)		950,430
Property and equipment		8		—			8
Core deposit intangible		—		11,610	(c)		11,610
FIDC loss share receivable		—		325,606	(d)		325,606
Other assets		13,000		(1,813	) (e)		11,187
Total assets acquired	$	1,588,766	$	126,500		$	1,715,266
Liabilities
Deposits	$	1,552,454	$	10,483	(f)	$	1,562,937
FHLB advances		115,500	$	804	(g)	$	116,304
Other liabilities		2,402	$	12,891	(h)	$	15,293
Total liabilitites acquired	$	1,670,356	$	24,178		$	1,694,534
Net assets acquired "bargain purchase" gain						$	20,732

Explanation of Fair Value Adjustments

(a) Adjustment is for cash received from the FDIC for first losses.

(b) This estimated adjustment is necessary as of the acquisition date to write down People's First book value of loans to the estimated fair value as a result of future loan losses.

(c) This fair value adjustment represents the value of the core deposit base assumed in the acquisition based on a study performed by an independent valuation firm. This amount was recorded by the Company as an identifiable asset and will be amortized as an expense on a straight-line basis over the average life of the core deposit base, which is estimated to be 10 years.

(d) This adjustment is the estimated fair value of the amount that the Company will receive from the FDIC under its loss sharing agreement as a result of future loan losses.

(e) These are adjustments made to acquired assets to reflect fair value primarily for a write-down of an investment in a subsidiary and accrued interest receivable for loans that should have been placed on non-accrual prior to the acquisition.

(f) This fair value adjustment was recorded because the weighted average interest rate of People's First time deposits exceeded the cost of similar wholesale funding at the time of the acquisition. This amount will be amortized to reduce interest expense on a declining basis over the average life of the portifolio of approximately 7 months.

(g) The fair value adjustment was recorded because the interest rates of People's fixed rate borrowings exceeded the current interest rates on similar borrowings. This amount will be amortized to interest expense over terms of the borrowings.

(h) This adjustment is for the tax effect of the merger.

Whitney Holding Corporation [Member]

Business Acquisition [Line Items]

Breakdown of merger expenses

	Year Ended December 31, 2011
Personnel expense	$	13,960
Equipment expense		552
Data processing expense		3,163
Net occupancy expense		330
Postage and communications		897
Professional services expense		40,902
Printing and supplies		568
Advertising		5,958
Insurance expense		3,177
Other expense		17,255
Total merger-related expenses	$	86,762

Peoples First Community Bank [Member]

Business Acquisition [Line Items]

Breakdown of merger expenses

	Years Ended December 31,
	2010		2009
Personnel expense	$	27	$	1,760
Equipment expense		57		—
Data processing expense		944		6
Net occupancy expense		4		118
Postage and communications		60		1
Professional services expense		1,263		1,283
Printing and supplies		194		12
Advertising		113		408
Insurance expense		—		—
Other expense		505		94
Total merger-related expenses	$	3,167	$	3,682