Business Combinations (Tables)

9 Months Ended

Sep. 30, 2019

Business Acquisition [Line Items]

Schedule of Goodwill

(in thousands)
Goodwill balance at December 31, 2017	$	745,523
Initial goodwill recorded - acquisition of trust and asset management business		45,634
Measurement period adjustments - acquisition of trust and asset management business		(185	)
Goodwill balance at December 31, 2018	$	790,972
Final settlement of cash consideration - acquisition of trust and asset management business		1,112
Initial goodwill recorded - acquisition of MidSouth		69,207
Goodwill balance at September 30, 2019	$	861,291

MidSouth [Member]

Business Acquisition [Line Items]

Schedule of Fair Value of Net Assets Acquired and Liabilities Assumed

The following table sets forth the preliminary acquisition date fair value of the assets acquired and liabilities assumed, and the resulting goodwill.

(in thousands)
ASSETS
Cash and due from banks	$	28,060
Interest bearing bank deposits		318,914
Federal funds sold		3,475
Securities available for sale		272,406
Loans		785,204
Property and equipment		30,164
Other real estate		435
Identifiable intangible assets		35,000
Other assets		56,860
Total identifiable assets		1,530,518
LIABILITIES
Deposit liabilities		1,281,078
Short term borrowings		66,996

Long term debt		13,919
Other liabilities		43,883
Total liabilities		1,405,876
Net assets acquired		124,642
Value of stock-based consideration		193,849
Goodwill	$	69,207

Schedule of Acquisitions Related Costs by Component

The following table presents the acquisition related costs by component:

(in thousands)
Personnel expense	$	5,002
Net occupancy expense		735
Equipment expense		188
Data processing expense		437
Professional services expense		7,491
Advertising		2,624
Printing and supplies		433
Other expense		11,900
Total acquisition related expenses	$	28,810

Capital One [Member]

Business Acquisition [Line Items]

Schedule of Fair Value of Net Assets Acquired and Liabilities Assumed

The following table sets forth the acquisition date fair value of the assets acquired and the liabilities assumed, the consideration received, and the resulting goodwill.

(in thousands)
ASSETS
Accounts receivable	$	2,803
Identifiable intangible assets		27,562
Total identifiable assets		30,365
LIABILITIES
Deposit liabilities		217,432
Other liabilities		151
Total liabilities		217,583
Net liabilities assumed		(187,218	)
Consideration received		140,657
Goodwill	$	46,561