Subsequent Events (Tables)

12 Months Ended

Dec. 31, 2013

Subsequent Events [Abstract]

Schedule of assets acquired and liabilities assumed

The following table provides the carrying value of acquired assets and assumed liabilities, as recorded by 1st Financial, the fair value adjustments calculated at the time of the acquisition, and the resulting fair value recorded by FCB.

	January 1, 2014
	As recorded by 1st Financial			Fair value adjustments			As recorded by FCB
	(dollars in thousands)
Assets
Cash and cash equivalents	$	28,194		$	—		$	28,194
Investment securities available for sale	246,890			(9,452		)	237,438
Loans held for sale	1,183			—			1,183
Restricted equity securities	3,105			671			3,776
Loans	338,170			(21,843		)	316,327
Less: allowance for loan losses	(7,796		)	7,796			—
Premises and equipment	3,871			(1,185		)	2,686
Other real estate owned	12,896			(1,305		)	11,591
Intangible asset	—			3,780			3,780
Other assets	16,811			(465		)	16,346
Total assets acquired	$	643,324		$	(22,003	)	$	621,321
Liabilities
Deposits:
Noninterest-bearing	$	152,444		$	—		$	152,444
Interest-bearing	477,881			1,546			479,427
Total deposits	630,325			1,546			631,871
Federal Funds purchased	406			—			406
Other liabilities	3,392			167			3,559
Total liabilities assumed	634,123			1,713			635,836
Net assets acquired	$	9,201		$	(23,716	)	(14,515		)
Cash paid to shareholders							(2,000		)
Cash paid to acquire TARP securities							(8,000		)
Goodwill recorded for 1st Financial							$	(24,515	)

Loans acquired, cash flows expected

The following table documents changes to the amount of accretable yield for 2013 and 2012. Removals represent a reduction to the accretable yield as a result of loans that were fully charged off or paid off during the period.

	2013			2012
	(dollars in thousands)
Balance at January 1	$	539,564		$	276,690
Accretion	(224,672		)	(304,023		)
Reclassifications from nonaccretable difference	92,349			353,708
Changes in expected cash flows that do not affect nonaccretable difference	32,749			213,189
Balance at December 31	$	439,990		$	539,564

For loans acquired from 1st Financial, the contractually required payments including principal and interest, cash flows expected to be collected and fair values as of the acquisition date were:

	January 1, 2014
	(dollars in thousands)
Contractually required payments	$	413,937
Cash flows expected to be collected	400,326
Fair value at acquisition date	316,327

Fair value of loans acquired

The recorded fair values of loans acquired in the 1st Financial transaction as of the acquisition date were as follows:

	January 1, 2014
	(dollars in thousands)
Commercial:
Construction and land development	$	41,516
Commercial mortgage	123,925
Other commercial real estate	6,698
Commercial and industrial	29,126
Total commercial loans	201,265
Noncommercial:
Residential mortgage	113,177
Consumer	1,885
Total noncommercial loans	115,062
Total loans acquired from 1st Financial	$	316,327