10-Q

UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

____________________________________________________

FORM 10-Q

____________________________________________________

xQuarterly Report Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934

For the quarterly period ended March 31, 2014

or

¨Transition Report Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934

Commission File Number: 001-16715

____________________________________________________

First Citizens BancShares, Inc.

(Exact name of Registrant as specified in its charter)

____________________________________________________

Delaware	56-1528994
(State or other jurisdiction of incorporation or organization)	(I.R.S. Employer Identification Number)
4300 Six Forks Road, Raleigh, North Carolina	27609
(Address of principle executive offices)	(Zip code)

(919) 716-7000

(Registrant’s telephone number, including area code)

____________________________________________________

Indicate by check mark whether the Registrant (1) has filed all reports required to be filed by Section 13 or 15(d) of the Securities Exchange Act of 1934 during the preceding twelve months (or for such shorter period that the Registrant was required to file such reports), and (2) has been subject to such filing requirements for the past ninety days.    Yes  x   No  ¨

Indicate by check mark whether the Registrant has submitted electronically and posted on its corporate Web site, if any, every Interactive Data File required to be submitted and posted pursuant to Rule 405 of Regulation S-T (§232.405 of this chapter) during the preceding 12 months (or such shorter period that the Registrant was required to submit and post such files)    Yes  x    No  ¨

Indicate by check mark whether the Registrant is a large accelerated filer, an accelerated filer, a non-accelerated filer, or a smaller reporting company. See definition of ‘accelerated filer’ and ‘large accelerated filer’ in Rule 12b-2 of the Exchange Act:

Large accelerated filer	x	Accelerated filer	¨
Non-accelerated filer	¨	Smaller reporting company	¨

Indicate by check mark whether the Registrant is a shell company (as defined in Rule 12b-2 of the Exchange Act).    Yes  ¨    No  x

Class A Common Stock—$1 Par Value—8,586,058 shares

Class B Common Stock—$1 Par Value—1,032,883 shares

(Number of shares outstanding, by class, as of May 7, 2014)

INDEX

		Page(s)
PART I.	FINANCIAL INFORMATION
Item 1.	Financial Statements (Unaudited)
	Consolidated Balance Sheets at March 31, 2014 and December 31, 2013	3
	Consolidated Statements of Income for the three-month period ended March 31, 2014 and March 31, 2013	4
	Consolidated Statements of Comprehensive Income for the three-month period ended March 31, 2014 and March 31, 2013	5
	Consolidated Statements of Changes in Shareholders’ Equity for the three-month period ended March 31, 2014 and March 31, 2013	6
	Consolidated Statements of Cash Flows for the three-month period ended March 31, 2014 and March 31, 2013	7
	Notes to Unaudited Consolidated Financial Statements	8
Item 2.	Management’s Discussion and Analysis of Financial Condition and Results of Operations	38
Item 3.	Quantitative and Qualitative Disclosures about Market Risk	59
Item 4.	Controls and Procedures	59
PART II.	OTHER INFORMATION
Item 1.	Legal Proceedings	60
Item 1A.	Risk Factors	60
Item 2.	Unregistered Sales of Equity Securities and Use of Proceeds	61
Item 6.	Exhibits	61

2

PART I

Item 1. Financial Statements (Unaudited)

First Citizens BancShares, Inc. and Subsidiaries

Consolidated Balance Sheets

(Dollars in thousands, unaudited)	March 31, 2014			December 31, 2013
Assets
Cash and due from banks	$	543,471		$	533,599
Overnight investments	1,161,469			859,324
Investment securities available for sale	5,676,237			5,387,703
Investment securities held to maturity	782			907
Loans held for sale	53,361			47,271
Loans and leases:
Acquired	1,270,818			1,029,426
Originated	12,200,226			12,104,298
Allowance for loan and lease losses	(222,942		)	(233,394		)
Net loans and leases	13,248,102			12,900,330
Premises and equipment	878,850			876,522
Other real estate owned:
Covered under loss share agreements	41,855			47,081
Not covered under loss share agreements	44,504			36,898
Income earned not collected	49,668			48,390
FDIC loss share receivable	74,784			93,397
Goodwill	127,140			102,625
Other intangible assets	4,390			1,247
Other assets	250,384			263,797
Total assets	$	22,154,997		$	21,199,091
Liabilities
Deposits:
Noninterest-bearing	$	5,627,868		$	5,241,817
Interest-bearing	13,135,677			12,632,249
Total deposits	18,763,545			17,874,066
Short-term borrowings	617,794			511,418
Long-term obligations	440,300			510,769
FDIC loss share payable	111,339			109,378
Other liabilities	117,189			116,785
Total liabilities	20,050,167			19,122,416
Shareholders’ Equity
Common stock:
Class A - $1 par value (11,000,000 shares authorized; 8,586,058 shares issued and outstanding at March 31, 2014 and December 31, 2013)	8,586			8,586
Class B - $1 par value (2,000,000 shares authorized; 1,032,883 shares issued and outstanding at March 31, 2014 and December 31, 2013)	1,033			1,033
Surplus	143,766			143,766
Retained earnings	1,968,039			1,948,558
Accumulated other comprehensive loss	(16,594		)	(25,268		)
Total shareholders’ equity	2,104,830			2,076,675
Total liabilities and shareholders’ equity	$	22,154,997		$	21,199,091

See accompanying Notes to Consolidated Financial Statements.

3

First Citizens BancShares, Inc. and Subsidiaries

Consolidated Statements of Income

	Three months ended March 31
(Dollars in thousands, except per share data, unaudited)	2014			2013
Interest income
Loans and leases	$	161,034		$	211,763
Investment securities interest and dividend income	11,748			8,484
Overnight investments	612			357
Total interest income	173,394			220,604
Interest expense
Deposits	6,825			10,313
Short-term borrowings	585			704
Long-term obligations	5,053			4,705
Total interest expense	12,463			15,722
Net interest income	160,931			204,882
Provision (credit) for loan and lease losses	(1,903		)	(18,606		)
Net interest income after provision for loan and lease losses	162,834			223,488
Noninterest income
Cardholder services	11,832			11,071
Merchant services	13,521			12,486
Service charges on deposit accounts	14,440			14,999
Wealth management services	14,880			14,515
Fees from processing services	4,861			5,619
Other service charges and fees	3,944			3,766
Mortgage income	955			3,788
Insurance commissions	3,287			2,980
ATM income	1,202			1,168
Adjustments to FDIC loss share receivable	(12,349		)	(24,053		)
Other	4,608			11,174
Total noninterest income	61,181			57,513
Noninterest expense
Salaries and wages	79,874			76,119
Employee benefits	20,100			25,019
Occupancy expense	20,425			18,809
Equipment expense	18,791			18,946
FDIC insurance expense	2,636			2,666
Foreclosure-related expenses	5,410			4,305
Other	43,794			48,491
Total noninterest expense	191,030			194,355
Income before income taxes	32,985			86,646
Provision for income taxes	10,619			31,061
Net income	$	22,366		$	55,585
Average shares outstanding	9,618,941			9,618,985
Net income per share	$	2.33		$	5.78

See accompanying Notes to Consolidated Financial Statements.

4

First Citizens BancShares, Inc. and Subsidiaries

Consolidated Statements of Comprehensive Income

	Three months ended March 31
(Dollars in thousands, unaudited)	2014			2013
Net income	$	22,366		$	55,585
Other comprehensive income (loss)
Unrealized gains and losses on securities:
Change in unrealized securities gains (losses) arising during period	11,899			(1,476		)
Tax effect	(4,643		)	565
Total change in unrealized gains and losses on securities, net of tax	7,256			(911		)
Change in fair value of cash flow hedges:
Change in unrecognized loss on cash flow hedges	719			815
Tax effect	(278		)	(322		)
Total change in unrecognized loss on cash flow hedges, net of tax	441			493
Change in pension obligation:
Reclassification adjustment for losses included in income before income taxes	1,599			4,304
Tax effect	(622		)	(1,685		)
Total change in pension obligation, net of tax	977			2,619
Other comprehensive income	8,674			2,201
Total comprehensive income	$	31,040		$	57,786

See accompanying Notes to Consolidated Financial Statements.

5

First Citizens BancShares, Inc. and Subsidiaries

Consolidated Statements of Changes in Shareholders’ Equity

(Dollars in thousands, unaudited)	Class A Common Stock			Class B Common Stock		Surplus		Retained Earnings			Accumulated Other Comprehensive Loss			Total Shareholders’ Equity
Balance at December 31, 2012	$	8,588		$	1,033	$	143,766	$	1,792,726		$	(82,106	)	$	1,864,007
Net income	—			—		—		55,585			—			55,585
Other comprehensive income, net of tax	—			—		—		—			2,201			2,201
Repurchase of 1,973 shares of Class A common stock	(2		)	—		—		(319		)	—			(321		)
Cash dividends ($0.30 per share)	—			—		—		(2,891		)	—			(2,891		)
Balance at March 31, 2013	$	8,586		$	1,033	$	143,766	$	1,845,101		$	(79,905	)	$	1,918,581
Balance at December 31, 2013	$	8,586		$	1,033	$	143,766	$	1,948,558		$	(25,268	)	$	2,076,675
Net income	—			—		—		22,366			—			22,366
Other comprehensive income, net of tax	—			—		—		—			8,674			8,674
Cash dividends ($0.30 per share)	—			—		—		(2,885		)	—			(2,885		)
Balance at March 31, 2014	$	8,586		$	1,033	$	143,766	$	1,968,039		$	(16,594	)	$	2,104,830

See accompanying Notes to Consolidated Financial Statements.

6

First Citizens BancShares, Inc. and Subsidiaries

Consolidated Statements of Cash Flows

	Three months ended March 31
(Dollars in thousands, unaudited)	2014			2013
OPERATING ACTIVITIES
Net income	$	22,366		55,585
Adjustments to reconcile net income to cash provided by operating activities:
Provision (credit) for loan and lease losses	(1,903		)	(18,606		)
Deferred tax (benefit) expense	(4,512		)	7,733
Change in current taxes payable	40,710			31,625
Depreciation	17,684			17,994
Change in accrued interest payable	(1,062		)	(2,700		)
Change in income earned not collected	(1,278		)	411
Gain on sale of processing services, net	—			(4,085		)
Origination of loans held for sale	(67,862		)	(117,981		)
Proceeds from sale of loans held for sale	64,009			121,523
Gain on sale of loans	(1,054		)	(3,560		)
Net writedowns/losses on other real estate	3,441			1,350
Net amortization of premiums and discounts	(5,796		)	(47,236		)
FDIC receivable for loss share agreements	4,359			5,619
Net change in other assets	(8,206		)	(7,038		)
Net change in other liabilities	2,186			32,662
Net cash provided by operating activities	63,082			73,296
INVESTING ACTIVITIES
Net change in loans outstanding	(4,788		)	269,428
Purchases of investment securities available for sale	(911,409		)	(736,923		)
Proceeds from maturities/calls of investment securities held to maturity	125			113
Proceeds from maturities/calls of investment securities available for sale	866,803			676,188
Net change in overnight investments	(302,145		)	(511,052		)
Cash (paid to) received from the FDIC for loss share agreements	(3,490		)	42,519
Proceeds from sale of other real estate	10,602			36,019
Additions to premises and equipment	(17,326		)	(8,713		)
Business acquisition, net of cash acquired	18,194			—
Net cash used by investing activities	(343,434		)	(232,421		)
FINANCING ACTIVITIES
Net change in time deposits	(51,268		)	(195,381		)
Net change in demand and other interest-bearing deposits	308,876			174,277
Net change in short-term borrowings	35,970			4,597
Repayment of long-term obligations	(469		)	(669		)
Repurchase of common stock	—			(321		)
Cash dividends paid	(2,885		)	(2,891		)
Net cash provided (used) by financing activities	290,224			(20,388		)
Change in cash and due from banks	9,872			(179,513		)
Cash and due from banks at beginning of period	533,599			639,730
Cash and due from banks at end of period	$	543,471		$	460,217
CASH PAYMENTS FOR:
Interest	$	13,525		$	18,422
Income taxes	2,184			3,364
SUPPLEMENTAL DISCLOSURE OF NONCASH INVESTING AND FINANCING ACTIVITIES:
Transfers of loans to other real estate	4,832			38,008
Dividends declared but not paid	2,885			—

See accompanying Notes to Consolidated Financial Statements.

7

First Citizens BancShares, Inc. and Subsidiaries

Notes to Unaudited Consolidated Financial Statements

Note A

Accounting Policies and Basis of Presentation

First Citizens BancShares, Inc. (BancShares) is a financial holding company organized under the laws of Delaware and conducts operations through its banking subsidiary, First-Citizens Bank & Trust Company (FCB), which is headquartered in Raleigh, North Carolina.

General

These consolidated financial statements and notes are presented in accordance with instructions for Form 10-Q and Article 10 of Regulation S-X and, therefore, do not include all information and notes necessary for a complete presentation of financial position, results of operations and cash flow activity required in accordance with accounting principles generally accepted in the United States of America (GAAP). In the opinion of management, all normal recurring adjustments necessary for a fair presentation of the consolidated financial position and consolidated results of operations have been made. The unaudited interim consolidated financial statements included in this Form 10-Q should be read in conjunction with the consolidated financial statements and footnotes included in BancShares' Annual Report on Form 10-K for the year ended December 31, 2013.

Reclassifications

In certain instances, amounts reported in prior years' consolidated financial statements have been reclassified to conform to the current financial statement presentation. Such reclassifications had no effect on previously reported cash flows, shareholders' equity or net income.

Use of Estimates in the Preparation of Financial Statements

The preparation of financial statements in conformity with GAAP requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities and disclosure of contingent assets and liabilities as of the date of the financial statements and the reported amounts of revenues and expenses during the reporting periods. Actual results could differ from those estimates, and different assumptions in the application of these policies could result in material changes in BancShares' consolidated financial position, the consolidated results of its operations or related disclosures. Material estimates that are particularly susceptible to significant change include the determination of the allowance for loan and lease losses; determination of the fair value of financial instruments; pension plan assumptions; cash flow estimates on acquired loans; the receivable from and payable to the FDIC for loss share agreements; purchase accounting-related adjustments; and income tax assets, liabilities and expense.

Recent Accounting Pronouncements

Financial Accounting Standards Board (FASB) Accounting Standards Update (ASU ) 2014-04, “Receivables-Troubled Debt Restructurings by Creditors (Subtopic 310-40)”

This ASU clarifies that an in-substance repossession or foreclosure occurs, and a creditor is considered to have received physical possession of residential real estate property collateralizing a consumer mortgage loan, upon either (1) the creditor obtaining legal title to the residential real estate property upon completion of a foreclosure or (2) the borrower conveying all interest in the residential real estate property to the creditor to satisfy that loan through completion of a deed in lieu of foreclosure or through a similar legal agreement. Additionally, the amendments require interim and annual disclosure of both (1) the amount of foreclosed residential real estate property held by the creditor and (2) the recorded investment in consumer mortgage loans collateralized by residential real estate property that are in the process of foreclosure according to local requirements of the applicable jurisdiction.

The amendments in this ASU are effective for annual periods, and interim periods within those annual periods, beginning after December 15, 2014. We will adopt the guidance effective the first quarter of 2015, and we do not anticipate any effect on our consolidated financial position or consolidated results of operations as a result of adoption.

8

FASB ASU 2013-11, “Income Taxes (Topic 740)”

This ASU states that an unrecognized tax benefit, or a portion of an unrecognized tax benefit, should be presented in the financial statements as a reduction to a deferred tax asset for a net operating loss carryforward, a similar tax loss, or a tax credit carryforward, except as follows: to the extent a net operating loss carryforward, a similar tax loss, or a tax credit carryforward is not available at the reporting date under the tax law of the applicable jurisdiction to settle any additional income taxes that would result from the disallowance of a tax position or the tax law of the applicable jurisdiction does not require BancShares to use, and BancShares does not intend to use, the deferred tax asset for such purpose, the unrecognized tax benefit should be presented in the financial statements as a liability and should not be combined with deferred tax assets. The assessment of whether a deferred tax asset is available is based on the unrecognized tax benefit and deferred tax asset that exist at the reporting date and should be made presuming disallowance of the tax position at the reporting date.

The provisions of this ASU are effective for fiscal years, and interim periods within those years, beginning after December 15, 2013. BancShares adopted the guidance effective first quarter of 2014. The initial adoption had no effect on our consolidated financial position or consolidated results of operations.

FASB ASU 2013-04, “Liabilities”

This ASU provides guidance for the recognition, measurement, and disclosure of obligations resulting from joint and several liability arrangements for which the total amount of the obligation within the scope of this ASU is fixed at the reporting date, except for obligations addressed within existing guidance in GAAP.

The amendments in this update are effective for fiscal years beginning after December 31, 2013. BancShares adopted the guidance effective first quarter of 2014. The initial adoption did not have any effect on our consolidated financial position or consolidated results of operations.

Note B

Business Combinations

On January 1, 2014, FCB completed its merger with 1st Financial Services Corporation (1st Financial) of Hendersonville, NC and its wholly-owned subsidiary, Mountain 1st Bank & Trust Company (Mountain 1st). The merger allows FCB to expand its presence in Western North Carolina. Mountain 1st had twelve branches located in Asheville, Brevard, Columbus, Etowah, Fletcher, Forest City, Hendersonville, Hickory, Marion, Shelby and Waynesville. FCB requested and received approval from the North Carolina Commissioner of Banks and the FDIC to close seven Mountain 1st branches due to their proximity to legacy FCB branches. Customers have been notified, and the 90-day waiting period will expire on May 1. FCB anticipates closing the branches in Asheville, Brevard, Fletcher, Forest City, Hendersonville, Hickory and Marion sometime in May. All customer relationships assigned to those branches will be transferred to the nearest FCB branch.

FCB paid $10.0 million to acquire 1st Financial, including payments of $8.0 million to the U.S. Treasury to acquire and subsequently retire1st Financial's Troubled Asset Relief Program (TARP) obligation and $2.0 million paid to the shareholders of 1st Financial. As a result of the merger, FCB recorded $24.5 million in goodwill and $3.8 million in core deposit intangibles.

The 1st Financial transaction was accounted for under the acquisition method of accounting, and the purchased assets, assumed liabilities and identifiable intangible assets were recorded at their acquisition date estimated fair values. Fair values are subject to refinement for up to one year after the closing date of the transaction as additional information regarding closing date fair values becomes available.

9

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 merger and the resulting fair value recorded by FCB.

	January 1, 2014
(Dollars in thousands)	As recorded by 1st Financial			Fair value adjustments			As recorded by FCB
Assets
Cash and cash equivalents	$	28,194		$	—		$	28,194
Investment securities	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
Short-term borrowings	406			—			406
Other liabilities	3,392			167			3,559
Total liabilities assumed	$	634,123		$	1,713		635,836
Fair value of net liabilities assumed							14,515
Cash paid to shareholders							2,000
Cash paid to acquire TARP securities							8,000
Goodwill recorded for 1st Financial							$	24,515

Goodwill recorded for 1st Financial represents future revenues to be derived from the existing customer base, including efficiencies that will result from combining operations and other non-identifiable intangible assets. The 1st Financial transaction is a taxable asset acquisition, and goodwill resulting from the transaction is deductible for income tax purposes.

Merger costs related to the 1st Financial transaction are estimated to be between $6.0 million and $7.0 million. Revenue generated from 1st Financial was approximately $6.9 million for the first quarter of 2014.

All loans resulting from the 1st Financial transaction are accounted for under the expected cash flow method (ASC 310-30).

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 merger date were:

(Dollars in thousands)	January 1, 2014
Contractually required payments	$	414,233
Cash flows expected to be collected	400,622
Fair value at acquisition date	316,327

10

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

(Dollars in thousands)	January 1, 2014
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

11

Note C

Investments

The amortized cost and fair value of investment securities classified as available for sale and held to maturity at March 31, 2014 and December 31, 2013, are as follows:

	March 31, 2014
(Dollars in thousands)	Cost		Gross unrealized gains		Gross unrealized losses		Fair value
Investment securities available for sale
U.S. Treasury	$	1,274,716	$	379	$	1,874	$	1,273,221
Government agency	1,811,889		1,764		879		1,812,774
Mortgage-backed securities	2,592,766		5,524		31,624		2,566,666
Equity securities	543		22,017		—		22,560
Municipal securities	186		—		—		186
Other	870		—		40		830
Total investment securities available for sale	$	5,680,970	$	29,684	$	34,417	$	5,676,237
	December 31, 2013
	Cost		Gross unrealized gains		Gross unrealized losses		Fair value
U.S. Treasury	$	373,223	$	259	$	45	$	373,437
Government agency	2,543,223		1,798		792		2,544,229
Mortgage-backed securities	2,486,297		4,526		43,950		2,446,873
Equity securities	543		21,604		—		22,147
Municipal securities	186		1		—		187
Other	863		—		33		830
Total investment securities available for sale	$	5,404,335	$	28,188	$	44,820	$	5,387,703
	March 31, 2014
	Cost		Gross unrealized gains		Gross unrealized losses		Fair value
Investment securities held to maturity
Mortgage-backed securities	$	782	$	53	$	—	$	835
	December 31, 2013
	Cost		Gross unrealized gains		Gross unrealized losses		Fair value
Mortgage-backed securities	$	907	$	67	$	—	$	974

Investments in mortgage-backed securities primarily represent securities issued by the Government National Mortgage Association, Federal National Mortgage Association and Federal Home Loan Mortgage Corporation. Other investments include a subordinated debenture investment in another financial institution.

The following table provides the amortized cost and fair value by contractual maturity. Expected maturities will differ from contractual maturities because borrowers and issuers may have the right to call or prepay obligations with or without prepayment penalties. Repayments of mortgage-backed securities are dependent on the repayments of the underlying loan balances. Equity securities do not have a stated maturity date.

12

	March 31, 2014				December 31, 2013
(Dollars in thousands)	Cost		Fair value		Cost		Fair value
Investment securities available for sale
Amortizing securities maturing in:
One year or less	$	829,091	$	829,997	$	839,956	$	840,883
One through five years	2,258,570		2,257,014		2,077,539		2,077,800
Mortgage-backed securities	2,592,766		2,566,666		2,486,297		2,446,873
Equity securities	543		22,560		543		22,147
Total investment securities available for sale	$	5,680,970	$	5,676,237	$	5,404,335	$	5,387,703
Investment securities held to maturity
Mortgage-backed securities held to maturity	$	782	$	835	$	907	$	974

There were no realized securities gains (losses) during any period presented.

The following table provides information regarding securities with unrealized losses as of March 31, 2014 and December 31, 2013.

	March 31, 2014
	Less than 12 months				12 months or more				Total
(Dollars in thousands)	Fair Value		Unrealized Losses		Fair Value		Unrealized Losses		Fair Value		Unrealized Losses
Investment securities available for sale:
U.S. Treasury	$	699,985	$	1,874	$	—	$	—	$	699,985	$	1,874
Government agency	400,423		879		—		—		400,423		879
Mortgage-backed securities	2,012,814		30,816		23,622		808		2,036,436		31,624
Other	830		40		—		—		830		40
Total	$	3,114,052	$	33,609	$	23,622	$	808	$	3,137,674	$	34,417
	December 31, 2013
	Less than 12 months				12 months or more				Total
	Fair Value		Unrealized Losses		Fair Value		Unrealized Losses		Fair Value		Unrealized Losses
Investment securities available for sale:
U.S. Treasury	$	102,105	$	45	$	—	$	—	$	102,105	$	45
Government agency	780,552		761		29,969		31		810,521		792
Mortgage-backed securities	2,221,213		42,876		26,861		1,074		2,248,074		43,950
Other	830		33		—		—		830		33
Total	$	3,104,700	$	43,715	$	56,830	$	1,105	$	3,161,530	$	44,820

Investment securities with an aggregate fair value of $23.6 million and $56.8 million have had continuous unrealized losses for more than 12 months as of March 31, 2014 and December 31, 2013, with an aggregate unrealized loss of $0.8 million and $1.1 million, respectively. As of March 31, 2014, all 16 of these investments are mortgage-backed securities. None of the unrealized losses identified as of March 31, 2014 or December 31, 2013 relate to the marketability of the securities or the issuer’s ability to honor redemption obligations. For all periods presented, BancShares had the ability and intent to retain these securities for a

13

period of time sufficient to recover all unrealized losses. Therefore, none of the securities were deemed to be other than temporarily impaired.

Investment securities having an aggregate carrying value of $2.78 billion at March 31, 2014 and $2.75 billion at December 31, 2013 were pledged as collateral to secure public funds on deposit and certain short-term borrowings, and for other purposes as required by law.

Note D

Loans and Leases

Loans and leases outstanding, by class, include the following as of the dates indicated:

(Dollars in thousands)	March 31, 2014		December 31, 2013
Acquired loans
Commercial:
Construction and land development	$	106,670	$	78,915
Commercial mortgage	728,872		642,891
Other commercial real estate	47,826		41,381
Commercial and industrial	38,838		17,254
Other	870		866
Total commercial loans	923,076		781,307
Noncommercial:
Residential mortgage	291,254		213,851
Revolving mortgage	25,776		30,834
Construction and land development	28,151		2,583
Consumer	2,561		851
Total noncommercial loans	347,742		248,119
Total acquired loans	1,270,818		1,029,426
Originated loans and leases:
Commercial:
Construction and land development	335,271		319,847
Commercial mortgage	6,330,843		6,362,490
Other commercial real estate	177,082		178,754
Commercial and industrial	1,175,543		1,081,158
Lease financing	394,268		381,763
Other	179,725		175,336
Total commercial loans	8,592,732		8,499,348
Noncommercial:
Residential mortgage	1,030,032		982,421
Revolving mortgage	2,091,000		2,113,285
Construction and land development	119,049		122,792
Consumer	367,413		386,452
Total noncommercial loans	3,607,494		3,604,950
Total originated loans and leases	12,200,226		12,104,298
Total loans and leases	$	13,471,044	$	13,133,724

14

At March 31, 2014, $962.4 million in acquired loans were covered under loss share agreements, compared to $1.03 billion at December 31, 2013. The remaining acquired loans as of March 31, 2014 are from the 1st Financial merger.

At March 31, 2014, $2.57 billion in originated loans were pledged to secure debt obligations, compared to $2.56 billion at December 31, 2013.

Credit quality indicators

Loans and leases are monitored for credit quality on a recurring basis. The credit quality indicators used are dependent on the portfolio segment to which the loan relates. Originated commercial loans and leases, originated noncommercial loans and leases and acquired loans have different credit quality indicators as a result of the unique characteristics relative to each loan segment being evaluated.

The credit quality indicators for commercial loans and leases are developed through a review of individual borrowers on an ongoing basis. Each commercial loan is evaluated annually with more frequent evaluation of more severely criticized loans or leases. The credit quality indicators for noncommercial loans are based on the delinquency status of the borrower. As the borrower becomes more delinquent, the likelihood of loss increases. Acquired loans are bifurcated into commercial and noncommercial segments and credit quality indicators are assigned in the same manner as the originated portfolio. The indicators represent the rating for loans or leases as of the date presented based on the most recent assessment performed. These credit quality indicators are defined as follows:

Pass – A pass rated asset is one in which repayment is considered highly likely and there are no observable weaknesses in the asset. Such an asset does not meet any of the characteristics for adverse classification.

Special mention – A special mention asset has potential weaknesses that deserve management’s close attention. If left uncorrected, such potential weaknesses may result in deterioration of the repayment prospects or collateral position at some future date. Special mention assets are not adversely classified and do not warrant adverse classification.

Substandard – A substandard asset is inadequately protected by the current net worth and paying capacity of the borrower or of the collateral pledged, if any. Assets classified as substandard generally have a well-defined weakness, or weaknesses, that jeopardize the liquidation of the debt. These assets are characterized by the distinct possibility of loss if the deficiencies are not corrected.

Doubtful – An asset classified as doubtful has all the weaknesses inherent in an asset classified substandard with the added characteristic that the weaknesses make collection or liquidation in full highly questionable and improbable on the basis of currently existing facts, conditions and values.

Loss – Assets classified as loss are considered uncollectible and of such little value that it is inappropriate to be carried as an asset. This classification is not necessarily equivalent to no potential for recovery or salvage value, but rather that it is not appropriate to defer a full charge-off even though partial recovery may be effected in the future.

Ungraded – Ungraded loans represent loans that are not included in the individual credit grading process due to their relatively small balances or borrower type. The majority of originated, ungraded loans at March 31, 2014 and December 31, 2013 relate to business credit cards. Business credit card loans are subject to automatic charge-off when they become 120 days past due in the same manner as unsecured consumer lines of credit. The remaining balance is comprised of a small amount of commercial mortgage loans and other smaller balance consumer loans. Prior to March 31, 2014, ungraded loans also included tobacco buyout loans classified as commercial and industrial loans. Final payment from the Commodity Credit Corporation was received during January 2014 for tobacco buyout loans held by FCB. As of March 31, 2014, ungraded also includes $122.2 million of loans resulting from the 1st Financial merger.

15

Originated loans and leases outstanding at March 31, 2014 and December 31, 2013 by credit quality indicator are provided below:

	March 31, 2014
(Dollars in thousands)	Originated commercial loans and leases
Grade:	Construction  and land development		Commercial mortgage		Other commercial real estate		Commercial  and industrial		Lease financing		Other		Total originated commercial loans and leases
Pass	$	323,876	$	6,064,405	$	173,517	$	1,074,210	$	386,324	$	179,640	$	8,201,972
Special mention	8,442		117,436		1,302		16,777		4,233		10		148,200
Substandard	2,953		143,723		2,119		6,051		3,155		70		158,071
Doubtful	—		4,227		—		152		543		5		4,927
Ungraded	—		1,052		144		78,353		13		—		79,562
Total	$	335,271	$	6,330,843	$	177,082	$	1,175,543	$	394,268	$	179,725	$	8,592,732
	December 31, 2013
	Originated commercial loans and leases
	Construction  and land development		Commercial mortgage		Other commercial real estate		Commercial  and industrial		Lease financing		Other		Total originated commercial loans and leases
Pass	$	308,231	$	6,094,505	$	174,913	$	964,840	$	375,371	$	174,314	$	8,092,174
Special mention	8,620		119,515		1,362		14,686		2,160		982		147,325
Substandard	2,944		141,913		2,216		6,352		3,491		40		156,956
Doubtful	52		5,159		75		144		592		—		6,022
Ungraded	—		1,398		188		95,136		149		—		96,871
Total	$	319,847	$	6,362,490	$	178,754	$	1,081,158	$	381,763	$	175,336	$	8,499,348

	March 31, 2014
	Originated noncommercial loans and leases
(Dollars in thousands)	Residential mortgage		Revolving mortgage		Construction and land development		Consumer		Total originated noncommercial loans
Current	$	1,003,016	$	2,072,832	$	117,161	$	363,259	$	3,556,268
30-59 days past due	16,845		10,578		888		2,156		30,467
60-89 days past due	1,063		3,249		794		1,195		6,301
90 days or greater past due	9,108		4,341		206		803		14,458
Total	$	1,030,032	$	2,091,000	$	119,049	$	367,413	$	3,607,494
	December 31, 2013
	Originated noncommercial loans and leases
	Residential mortgage		Revolving mortgage		Construction and land development		Consumer		Total originated noncommercial loans
Current	$	955,300	$	2,095,480	$	121,026	$	382,710	$	3,554,516
30-59 days past due	12,885		10,977		1,193		2,114		27,169
60-89 days past due	4,658		2,378		317		955		8,308
90 days or greater past due	9,578		4,450		256		673		14,957
Total	$	982,421	$	2,113,285	$	122,792	$	386,452	$	3,604,950

16

Acquired loans and leases outstanding at March 31, 2014 and December 31, 2013 by credit quality indicator are provided below:

	March 31, 2014
(Dollars in thousands)	Acquired loans
Grade:	Construction and land development - commercial		Commercial mortgage		Other commercial real estate		Commercial and industrial		Residential mortgage		Revolving mortgage		Construction and land development - noncommercial		Consumer and other		Total acquired loans
Pass	$	14,789	$	375,245	$	28,526	$	29,918	$	131,765	$	20,240	$	32	$	1,387	$	601,902
Special mention	24,065		134,414		114		3,260		4,823		2,649		—		—		169,325
Substandard	58,374		182,540		10,473		4,686		46,044		1,891		1,716		—		305,724
Doubtful	5,101		36,040		8,713		954		1,931		911		295		—		53,945
Ungraded	4,341		633		—		20		106,691		85		26,108		2,044		139,922
Total	$	106,670	$	728,872	$	47,826	$	38,838	$	291,254	$	25,776	$	28,151	$	3,431	$	1,270,818
	December 31, 2013
	Acquired loans
	Construction and land development - commercial		Commercial mortgage		Other commercial real estate		Commercial and industrial		Residential mortgage		Revolving mortgage		Construction and land development - noncommercial		Consumer and other		Total acquired loans
Pass	$	2,619	$	296,824	$	22,225	$	8,021	$	135,326	$	26,322	$	149	$	1,345	$	492,831
Special mention	15,530		125,295		3,431		2,585		6,301		2,608		—		—		155,750
Substandard	52,228		179,657		7,012		5,225		52,774		1,013		2,139		—		300,048
Doubtful	7,436		40,471		8,713		1,257		2,058		891		295		—		61,121
Ungraded	1,102		644		—		166		17,392		—		—		372		19,676
Total	$	78,915	$	642,891	$	41,381	$	17,254	$	213,851	$	30,834	$	2,583	$	1,717	$	1,029,426

17

The aging of the outstanding loans and leases, by class, at March 31, 2014 and December 31, 2013 (excluding loans and leases acquired with deteriorated credit quality) is provided in the table below.

The calculation of days past due begins on the day after payment is due and includes all days through which all required interest or principal has not been paid. Loans and leases 30 days or less past due are considered current as various grace periods allow borrowers to make payments within a stated period after the due date and still remain in compliance with the loan agreement.

	March 31, 2014
(Dollars in thousands)	30-59 days past due		60-89 days past due		90 days or greater		Total past due		Current		Total loans and leases
Originated loans and leases:
Construction and land development - commercial	$	537	$	184	$	655	$	1,376	$	333,895	$	335,271
Commercial mortgage	24,451		3,934		11,248		39,633		6,291,210		6,330,843
Other commercial real estate	155		11		104		270		176,812		177,082
Commercial and industrial	3,921		488		509		4,918		1,170,625		1,175,543
Lease financing	757		323		92		1,172		393,096		394,268
Other	20		5		—		25		179,700		179,725
Residential mortgage	16,845		1,063		9,108		27,016		1,003,016		1,030,032
Revolving mortgage	10,578		3,249		4,341		18,168		2,072,832		2,091,000
Construction and land development - noncommercial	888		794		206		1,888		117,161		119,049
Consumer	2,156		1,195		803		4,154		363,259		367,413
Total originated loans and leases	$	60,308	$	11,246	$	27,066	$	98,620	$	12,101,606	$	12,200,226
	December 31, 2013
	30-59 days past due		60-89 days past due		90 days or greater		Total past due		Current		Total loans and leases
Originated loans and leases:
Construction and land development - commercial	$	1,603	$	9	$	457	$	2,069	$	317,778	$	319,847
Commercial mortgage	11,131		3,601		14,407		29,139		6,333,351		6,362,490
Other commercial real estate	139		210		470		819		177,935		178,754
Commercial and industrial	3,336		682		436		4,454		1,076,704		1,081,158
Lease financing	789		1,341		101		2,231		379,532		381,763
Other	—		85		—		85		175,251		175,336
Residential mortgage	12,885		4,658		9,578		27,121		955,300		982,421
Revolving mortgage	10,977		2,378		4,450		17,805		2,095,480		2,113,285
Construction and land development - noncommercial	1,193		317		256		1,766		121,026		122,792
Consumer	2,114		955		673		3,742		382,710		386,452
Total originated loans and leases	$	44,167	$	14,236	$	30,828	$	89,231	$	12,015,067	$	12,104,298

18

The recorded investment, by class, in loans and leases on nonaccrual status, and loans and leases greater than 90 days past due and still accruing at March 31, 2014 and December 31, 2013 (excluding acquired loans and leases) are as follows:

	March 31, 2014				December 31, 2013
(Dollars in thousands)	Nonaccrual loans and leases		Loans and leases > 90 days and accruing		Nonaccrual loans and leases		Loans and leases > 90 days and accruing
Originated loans and leases:
Construction and land development - commercial	$	702	$	192	$	544	$	—
Other commercial real estate	1,459		—		1,610		—
Commercial mortgage	28,910		927		33,529		1,113
Commercial and industrial	1,075		393		1,428		294
Lease financing	689		—		832		—
Residential mortgage	14,091		2,609		14,701		1,998
Revolving mortgage	—		4,341		—		4,450
Construction and land development - noncommercial	—		206		457		256
Consumer	26		803		69		673
Total originated loans and leases	$	46,952	$	9,471	$	53,170	$	8,784

Acquired Loans

The following table provides changes in the recorded investment of acquired loans during the three months ended March 31, 2014 and March 31, 2013:

(Dollars in thousands)	2014			2013
Balance at January 1	$	1,029,426		$	2,362,152
Fair value of acquired loans	316,327			—
Accretion	30,200			79,886
Payments received and other changes, net	(105,135		)	(258,169		)
Balance at March 31	$	1,270,818		$	2,183,869
Outstanding principal balance at March 31	$	1,727,492		$	3,618,722

The recorded investment of loans on the cost recovery method was $52.1 million at March 31, 2014 and $28.5 million at December 31, 2013. This increase is primarily driven by one large acquired loan relationship that was moved to cost recovery during the quarter. The cost recovery method is applied to loans when the timing of future cash flows is not reasonably estimable due to borrower nonperformance or uncertainty in the timing and amount of ultimate disposition of the asset.

The following table documents changes to the amount of accretable yield for the first three months of 2014 and 2013.

(Dollars in thousands)	2014			2013
Balance at January 1	$	439,990		$	539,564
Additions	84,295			—
Accretion	(30,200		)	(79,886		)
Reclassifications from (to) nonaccretable difference	6,048			(11,653		)
Changes in expected cash flows that do not affect nonaccretable difference	(9,888		)	37,910
Balance at March 31	$	490,245		$	485,935

19

Note E

Allowance for Loan and Lease Losses

The following tables present the activity in the allowance for originated loan and lease losses by class of loans for the three months ended March 31, 2014 and March 31, 2013:

	Three months ended March 31, 2014
(Dollars in thousands)	Construction and land development - commercial			Commercial mortgage			Other commercial real estate			Commercial and industrial			Lease financing			Other			Residential mortgage			Revolving mortgage			Construction and land development - non- commercial			Consumer			Non- specific			Total
Originated Loans
Allowance for loan and lease losses:
Balance at January 1	$	10,335		$	100,257		$	1,009		$	22,362		$	4,749		$	190		$	10,511		$	16,239		$	681		$	13,541		$	—		$	179,874
Provision	1,885			(6,979		)	(74		)	1,976			(524		)	272			609			1,353			577			1,275			—			370
Charge-offs	—			(168		)	—			(496		)	(58		)	(8		)	(184		)	(1,260		)	(71		)	(2,177		)	—			(4,422		)
Recoveries	26			1,107			10			179			16			—			8			76			62			643			—			2,127
Balance at March 31	$	12,246		$	94,217		$	945		$	24,021		$	4,183		$	454		$	10,944		$	16,408		$	1,249		$	13,282		$	—		$	177,949
	Three months ended March 31, 2013
	Construction and land development - commercial			Commercial mortgage			Other commercial real estate			Commercial and industrial			Lease financing			Other			Residential mortgage			Revolving mortgage			Construction and land development - non- commercial			Consumer			Non- specific			Total
Balance at January 1	$	6,031		$	70,927		$	2,059		$	23,352		$	3,521		$	1,175		$	3,836		$	25,185		$	1,721		$	25,389		$	15,850		$	179,046
Provision	(1,834		)	2,536			(100		)	500			22			315			733			1,431			(113		)	604			(78		)	4,016
Charge-offs	(254		)	(654		)	(54		)	(1,258		)	—			—			(818		)	(2,188		)	(245		)	(2,596		)	—			(8,067		)
Recoveries	368			8			10			369			—			—			39			71			56			630			—			1,551
Balance at March 31	$	4,311		$	72,817		$	1,915		$	22,963		$	3,543		$	1,490		$	3,790		$	24,499		$	1,419		$	24,027		$	15,772		$	176,546

The provision for construction and land development - commercial totaled $1.9 million for the three months ended March 31, 2014. The March 31, 2014 provision expense was a direct result of increased loans during the quarter. Conversely, the March 31, 2013 credit provision resulted from a decline in the outstanding loan balances as well as the resolution of several individually impaired loans.

The commercial mortgage loan class had a net credit provision of $7.0 million for the three months ended March 31, 2014. The net credit provision was the result of declining loan balances, improvements in the credit risk rating mix and lower credit default trends within this loan class. Conversely, the March 31, 2013 provision expense was impacted by increased loan balances.

The commercial and industrial loan class had a provision expense of $2.0 million for the three months ended March 31, 2014 reflecting $94.4 million in loan growth for the quarter.

20

The following tables present the allowance for originated loan losses and the recorded investment in originated loans, by loan class, based on impairment method as of March 31, 2014 and December 31, 2013:

	March 31, 2014
(Dollars in thousands)	Construction and land development - commercial		Commercial mortgage		Other commercial real estate		Commercial and industrial		Lease financing		Other		Residential mortgage		Revolving mortgage		Construction and land development - non-commercial		Consumer		Total
Allowance for loan and lease losses:
ALLL for loans and leases individually evaluated for impairment	$	144	$	6,400	$	203	$	769	$	13	$	—	$	1,418	$	353	$	77	$	118	$	9,495
ALLL for loans and leases collectively evaluated for impairment	12,102		87,817		742		23,252		4,170		454		9,526		16,055		1,172		13,164		168,454
Total allowance for loan and lease losses	$	12,246	$	94,217	$	945	$	24,021	$	4,183	$	454	$	10,944	$	16,408	$	1,249	$	13,282	$	177,949
Loans and leases:
Loans and leases individually evaluated for impairment	$	2,329	$	88,987	$	1,627	$	8,804	$	393	$	—	$	15,626	$	3,587	$	699	$	1,015	$	123,067
Loans and leases collectively evaluated for impairment	332,942		6,241,856		175,455		1,166,739		393,875		179,725		1,014,406		2,087,413		118,350		366,398		12,077,159
Total loan and leases	$	335,271	$	6,330,843	$	177,082	$	1,175,543	$	394,268	$	179,725	$	1,030,032	$	2,091,000	$	119,049	$	367,413	$	12,200,226
	December 31, 2013
	Construction and land development - commercial		Commercial mortgage		Other commercial real estate		Commercial and industrial		Lease financing		Other		Residential mortgage		Revolving mortgage		Construction and land development - non-commercial		Consumer		Total
ALLL for loans and leases individually evaluated for impairment	$	103	$	6,873	$	209	$	771	$	54	$	—	$	1,586	$	372	$	72	$	121	$	10,161
ALLL for loans and leases collectively evaluated for impairment	10,232		93,384		800		21,591		4,695		190		8,925		15,867		609		13,420		169,713
Total allowance for loan and lease losses	$	10,335	$	100,257	$	1,009	$	22,362	$	4,749	$	190	$	10,511	$	16,239	$	681	$	13,541	$	179,874
Loans and leases individually evaluated for impairment	$	2,272	$	97,111	$	1,878	$	9,300	$	188	$	—	$	15,539	$	3,596	$	1,108	$	1,154	$	132,146
Loans and leases collectively evaluated for impairment	317,575		6,265,379		176,876		1,071,858		381,575		175,336		966,882		2,109,689		121,684		385,298		11,972,152
Total loan and leases	$	319,847	$	6,362,490	$	178,754	$	1,081,158	$	381,763	$	175,336	$	982,421	$	2,113,285	$	122,792	$	386,452	$	12,104,298

21

The following tables show the activity in the allowance for acquired loan and lease losses for the three months ended March 31, 2014 and March 31, 2013.

	Three months ended March 31, 2014
(Dollars in thousands)	Construction and land development - commercial			Commercial mortgage			Other commercial real estate			Commercial and industrial			Residential mortgage			Revolving mortgage			Construction and land development - noncommercial			Consumer and other			Total
Acquired Loans
Allowance for loan and lease losses:
Balance at January 1	$	1,320		$	29,906		$	1,354		$	5,275		$	11,802		$	2,959		$	682		$	222		$	53,520
Provision	3,355			(3,386		)	(150		)	(336		)	(2,300		)	634			(99		)	9			(2,273		)
Charge-offs	(199		)	(3,517		)	—			(2,683		)	262			(100		)	—			(17		)	(6,254		)
Recoveries	—			—			—			—			—			—			—			—			—
Balance at March 31	$	4,476		$	23,003		$	1,204		$	2,256		$	9,764		$	3,493		$	583		$	214		$	44,993
	Three months ended March 31, 2013
	Construction and land development - commercial			Commercial mortgage			Other commercial real estate			Commercial and industrial			Residential mortgage			Revolving mortgage			Construction and land development - noncommercial			Consumer and other			Total
Balance at January 1	$	31,186		$	50,275		$	11,234		$	8,897		$	19,837		$	9,754		$	8,287		$	502		$	139,972
Provision	(13,147		)	(2,084		)	(5,131		)	4,233			(1,505		)	(2,505		)	(2,313		)	(170		)	(22,622		)
Charge-offs	(4,733		)	(9,898		)	(931		)	(1,254		)	(729		)	(114		)	(3,218		)	—			(20,877		)
Recoveries	—			—			—			—			—			—			—			—			—
Balance at March 31	$	13,306		$	38,293		$	5,172		$	11,876		$	17,603		$	7,135		$	2,756		$	332		$	96,473

The following tables show the ending balances of acquired loans and leases and related allowance by class of loans as of March 31, 2014 and December 31, 2013:

	March 31, 2014
	Construction and land development - commercial		Commercial mortgage		Other commercial real estate		Commercial and industrial		Residential mortgage		Revolving mortgage		Construction and land development - noncommercial		Consumer and other		Total
ALLL for loans and leases acquired with deteriorated credit quality	$	4,476	$	23,003	$	1,204	$	2,256	$	9,764	$	3,493	$	583	$	214	$	44,993
Loans and leases acquired with deteriorated credit quality	106,670		728,872		47,826		38,838		291,254		25,776		28,151		3,431		1,270,818
	December 31, 2013
	Construction and land development - commercial		Commercial mortgage		Other commercial real estate		Commercial and industrial		Residential mortgage		Revolving mortgage		Construction and land development - noncommercial		Consumer and other		Total
ALLL for loans and leases acquired with deteriorated credit quality	$	1,320	$	29,906	$	1,354	$	5,275	$	11,802	$	2,959	$	682	$	222	$	53,520
Loans and leases acquired with deteriorated credit quality	78,915		642,891		41,381		17,254		213,851		30,834		2,583		1,717		1,029,426

At March 31, 2014 and December 31, 2013, $382.6 million and $459.9 million, respectively, in acquired loans experienced an adverse change in expected cash flows since the date of acquisition.

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The following tables provide information on originated loans and leases that are individually evaluated for impairment as of March 31, 2014 and December 31, 2013.

	March 31, 2014
(Dollars in thousands)	With a recorded allowance		With no recorded allowance		Total		Unpaid principal balance		Related allowance recorded
Impaired originated loans and leases
Construction and land development - commercial	$	1,646	$	683	$	2,329	$	3,294	$	144
Commercial mortgage	57,568		31,419		88,987		94,950		6,400
Other commercial real estate	755		872		1,627		2,027		203
Commercial and industrial	6,530		2,274		8,804		10,055		769
Lease financing	238		155		393		393		13
Residential mortgage	10,624		5,002		15,626		16,026		1,418
Revolving mortgage	3,210		377		3,587		4,618		353
Construction and land development - noncommercial	699		—		699		699		77
Consumer	1,015		—		1,015		1,039		118
Total impaired originated loans and leases	$	82,285	$	40,782	$	123,067	$	133,101	$	9,495
	December 31, 2013
	With a recorded allowance		With no recorded allowance		Total		Unpaid principal balance		Related allowance recorded
Impaired originated loans and leases
Construction and land development - commercial	$	1,025	$	1,247	$	2,272	$	7,306	$	103
Commercial mortgage	57,819		39,292		97,111		103,522		6,873
Other commercial real estate	783		1,095		1,878		2,279		209
Commercial and industrial	7,197		2,103		9,300		10,393		771
Lease financing	133		55		188		188		54
Residential mortgage	11,534		4,005		15,539		15,939		1,586
Revolving mortgage	3,382		214		3,596		3,596		372
Construction and land development - noncommercial	651		457		1,108		1,108		72
Consumer	1,154		—		1,154		1,154		121
Total impaired originated loans and leases	$	83,678	$	48,468	$	132,146	$	145,485	$	10,161

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The following tables show the average impaired originated loan balance and the interest income recognized by loan class for the three months ended March 31, 2014 and March 31, 2013:

	Three months ended March 31, 2014
(Dollars in thousands)	Average balance		Interest income recognized
Impaired originated loans and leases:
Construction and land development - commercial	$	1,031	$	15
Commercial mortgage	94,547		1,120
Other commercial real estate	1,796		21
Commercial and industrial	10,234		118
Lease financing	284		4
Residential mortgage	16,482		174
Revolving mortgage	3,892		27
Construction and land development - noncommercial	2,322		29
Consumer	1,059		5
Total impaired originated loans and leases	$	131,647	$	1,513
	Three months ended March 31, 2013
	Average balance		Interest income recognized
Impaired originated loans and leases:
Construction and land development - commercial	$	9,284	$	112
Commercial mortgage	103,848		1,425
Other commercial real estate	3,179		45
Commercial and industrial	18,997		266
Lease financing	355		6
Residential mortgage	17,330		228
Revolving mortgage	5,472		25
Construction and land development - noncommercial	866		11
Consumer	1,683		5
Total impaired originated loans and leases	$	161,014	$	2,123

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Troubled Debt Restructurings

BancShares accounts for certain loan modifications or restructurings as troubled debt restructurings (TDRs). In general, the modification or restructuring of a loan is considered a TDR if, for economic reasons or legal reasons related to a borrower's financial difficulties, a concession is granted to the borrower that creditors would not otherwise grant. Concessions may relate to the contractual interest rate, maturity date, payment structure or other actions. In accordance with GAAP, loans acquired under ASC 310-30, Loans and Debt Securities Acquired with Deteriorated Credit Quality, are not initially considered to be TDRs, but can be classified as such if a modification is made subsequent to acquisition. Modifications of acquired loans that are part of a pool are not designated as TDRs. The following table provides a summary of total TDRs by accrual status.

	March 31, 2014						December 31, 2013
(Dollars in thousands)	Accruing		Nonaccruing		Total		Accruing		Nonaccruing		Total
Commercial loans
Construction and land development - commercial	$	20,791	$	1,002	$	21,793	$	21,032	$	1,002	$	22,034
Commercial mortgage	136,563		25,276		161,839		113,323		23,387		136,710
Other commercial real estate	3,308		933		4,241		3,470		1,150		4,620
Commercial and industrial	8,929		1,180		10,109		9,838		1,142		10,980
Lease	247		146		393		49		—		49
Total commercial TDRs	169,838		28,537		198,375		147,712		26,681		174,393
Noncommercial
Residential	23,519		3,806		27,325		23,343		3,663		27,006
Revolving mortgage	3,587		—		3,587		3,095		—		3,095
Construction and land development - noncommercial	699		—		699		651		457		1,108
Consumer and other	1,015		—		1,015		1,154		—		1,154
Total noncommercial TDRs	28,820		3,806		32,626		28,243		4,120		32,363
Total TDRs	$	198,658	$	32,343	$	231,001	$	175,955	$	30,801	$	206,756

The following table shows the accrual status of acquired and originated TDRs.

(Dollars in thousands)	March 31, 2014		December 31, 2013
Accruing TDRs:
Acquired	$	105,642	$	90,829
Originated	93,016		85,126
Total accruing TDRs	198,658		175,955
Nonaccruing TDRs:
Acquired	11,626		11,479
Originated	20,717		19,322
Total nonaccruing TDRs	32,343		30,801
All TDRs:
Acquired	117,268		102,308
Originated	113,733		104,448
Total TDRs	$	231,001	$	206,756

All TDRs are impaired loans. TDRs are, therefore, individually evaluated for impairment on a quarterly basis or more frequently as needed. Impairment is evaluated using one of three approved valuation methodologies: discounted cash flows, market prices or collateral values. Based on the accrual status and credit grade, management determines the most appropriate method to reasonably assess expectations for recovery of the investment. The discounted cash flow method, the collateral value method or a combination of the two aforementioned methods is used internally for TDR impairment analysis. Expected cash flows are discounted at the loan’s original effective interest rate.

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Specific valuation allowances are established or partial charge-offs are recorded on TDRs in the amount equal to the difference between the estimated fair value and the loan amount.

The majority of TDRs are included in the special mention, substandard or doubtful grading categories. When a restructured loan subsequently defaults, it is evaluated and downgraded if appropriate. The more severely graded the loan, the lower the estimated expected cash flows and the greater the allowance recorded.

The following tables provide the types of TDRs made during the three months ended March 31, 2014 and March 31, 2013 for originated loans, as well as a summary of originated loans that were modified as a TDR during the 12 months ended March 31, 2014 and March 31, 2013 that subsequently defaulted during the three months ended March 31, 2014 and March 31, 2013. BancShares defines payment default as movement of the TDR to nonaccrual status, which is generally 30 days past due for TDRs, foreclosure or charge-off, whichever occurs first.

.

	Three months ended March 31, 2014						Three months ended March 31, 2013
	All restructurings			Restructurings with payment default			All restructurings			Restructurings with payment default
(Dollars in thousands)	Number of Loans	Recorded investment at period end		Number of Loans	Recorded investment at period end		Number of Loans	Recorded investment at period end		Number of Loans	Recorded investment at period end
Originated loans
Interest only period provided
Commercial mortgage	4	$	1,911	2	$	410	1	$	356	—	$	—
Commercial and industrial	1	196		—	—		—	—		—	—
Lease financing	2	146		—	—		—	—		—	—
Total interest only	7	2,253		2	410		1	356		—	—
Loan term extension
Commercial mortgage	5	2,620		—	—		6	2,117		1	483
Commercial and industrial	—	—		—	—		1	186		—	—
Lease financing	2	234		—	—		—	—		—	—
Residential mortgage	5	338		—	—		4	683		—	—
Consumer	—	—		1	41		—	—		—	—
Total loan term extension	12	3,192		1	41		11	2,986		1	483
Below market interest rate
Construction and land development - commercial	1	82		—	—		—	—		—	—
Commercial mortgage	12	4,677		1	449		3	2,556		1	1,024
Commercial and industrial	2	110		—	—		1	17		1	116
Residential mortgage	8	451		3	127		5	675		—	—
Revolving mortgage	5	278		—	—		—	—		—	—
Consumer	—	—		—	—		5	1,490		—	—
Total below market interest rate	28	5,598		4	576		14	4,738		2	1,140
Discharged from bankruptcy
Commercial mortgage	1	1,003		—	—		—	—		—	—
Residential mortgage	7	708		2	288		2	299		—	—
Revolving mortgage	4	229		—	—		24	1,878		5	233
Construction and land development-noncommercial	1	62		—	—		—	—		—	—
Consumer	1	18		—	—		—	—		—	—
Total discharged from bankruptcy	14	2,020		2	288		26	2,177		5	233
Total originated restructurings	61	$	13,063	9	$	1,315	52	$	10,257	8	$	1,856

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The following tables provide the types of TDRs made during the three months ended March 31, 2014 and March 31, 2013 for acquired loans, as well as a summary of acquired loans that were modified as a TDR during the 12 months ended March 31, 2014 and March 31, 2013 that subsequently defaulted during the three months ended March 31, 2014 and March 31, 2013. BancShares defines payment default as movement of the TDR to nonaccrual status, which is generally 30 days past due for TDRs, foreclosure or charge-off, whichever occurs first.

	Three months ended March 31, 2014						Three months ended March 31, 2013
	All restructurings			Restructurings with payment default			All restructurings			Restructurings with payment default
(Dollars in thousands)	Number of loans	Recorded investment at period end		Number of loans	Recorded investment at period end		Number of loans	Recorded investment at period end		Number of loans	Recorded investment at period end
Acquired loans
Interest only period provided
Commercial mortgage	2	$	15,906	2	$	15,906	2	$	1,991	1	$	291
Residential mortgage	—	—		—	—		—	—		1	97
Total interest only	2	15,906		2	15,906		2	1,991		2	388
Loan term extension
Construction and land development - commercial	1	281		—	—		—	—		—	—
Total loan term extension	1	281		—	—		—	—		—	—
Below market interest rate
Construction and land development - commercial	1	37		—	—		1	309		—	—
Commercial mortgage	4	5,439		1	47		1	2,946		3	3,222
Commercial and industrial	—	—		—	—		2	458		—	—
Residential mortgage	1	102		1	436		2	726		2	726
Total below market interest rate	6	5,578		2	483		6	4,439		5	3,948
Total acquired restructurings	9	$	21,765	4	$	16,389	8	$	6,430	7	$	4,336

For the three months ended March 31, 2014 and March 31, 2013, the recorded investment in TDRs subsequent to modification was not materially impacted by the modification since forgiveness of principal is not a restructuring option frequently used by BancShares.

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Note F

Other Real Estate Owned

The following table explains changes in other real estate owned during the three months ended March 31, 2014 and March 31, 2013.

(Dollars in thousands)	Covered			Noncovered			Total
Balance at December 31, 2012	$	102,577		$	43,513		$	146,090
Additions	29,370			8,763			38,133
Sales	(27,316		)	(6,347		)	(33,663		)
Writedowns	(2,730		)	(1,101		)	(3,831		)
Balance at March 31, 2013	$	101,901		$	44,828		$	146,729
Balance at December 31, 2013	$	47,081		$	36,898		$	83,979
Additions 1	1,514			14,909			16,423
Sales	(4,512		)	(5,854		)	(10,366		)
Writedowns	(2,228		)	(1,449		)	(3,677		)
Balance at March 31, 2014	$	41,855		$	44,504		$	86,359

¹ Noncovered additions include $11.6 million from the 1st Financial merger.

Note G

FDIC Loss Share Receivable

The following table provides changes in the receivable from the FDIC for the three-month periods ended March 31, 2014 and March 31, 2013.

	Three months ended March 31
(Dollars in thousands)	2014			2013
Balance at January 1	$	93,397		$	270,192
Amortization	(17,744		)	(26,112		)
Cash payments to (from) FDIC	3,490			(42,519		)
Post-acquisition adjustments	(4,359		)	(5,619		)
Balance at March 31	$	74,784		$	195,942

The receivable from the FDIC for loss share agreements is measured separately from the related covered assets and is recorded at fair value at the acquisition date using projected cash flows based on the expected reimbursements for losses and the applicable loss share percentages. See Note Jfor information related to FCB's recorded payable to the FDIC for loss share agreements.

Cash payments to (from) the FDIC represent the net impact of loss share loan recoveries, charge-offs and related expenses as calculated and reported in our FDIC loss share certificates. Post-acquisition adjustments represent the net change in loss estimates related to acquired loans and covered OREO as a result of changes in expected cash flows and the allowance for loan and lease losses related to those covered loans. For loans covered by loss share agreements, subsequent decreases in the amount expected to be collected from the borrower or collateral liquidation result in a provision for loan and lease losses, an increase in the allowance for loan and lease losses and a proportional adjustment to the receivable from the FDIC for the estimated amount to be reimbursed. Subsequent increases in the amount expected to be collected from the borrower or collateral liquidation result in the reversal of some or all previously recorded provision for loan and lease losses, a decrease in the related allowance for loan and lease losses and a proportional adjustment to the receivable from the FDIC, or prospective adjustment to the accretable yield and the related receivable from the FDIC if no provision for loan and lease losses had been recorded previously.

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Note H

Estimated Fair Values

Fair value estimates are intended to represent the price that would be received to sell an asset or paid to transfer a liability in an orderly transaction between market participants as of the measurement date. Where there is no active market for a financial instrument, BancShares has made estimates using discounted cash flow or other valuation techniques. Inputs to these valuation methods are subjective in nature, involve uncertainties and require significant judgment and therefore cannot be determined with precision. Accordingly, the derived fair value estimates presented below are not necessarily indicative of the amounts BancShares could realize in a current market exchange.

Assets and liabilities are recorded at fair value according to a fair value hierarchy comprised of three levels. The levels are based on the markets in which the assets and liabilities are traded and the reliability of the assumptions used to determine fair value. The level within the fair value hierarchy for an asset or liability is based on the highest level of input that is significant to the fair value measurement (with level 1 considered highest and level 3 considered lowest). A brief description of each level follows:

• Level 1 values are based on quoted prices for identical instruments in active markets.

• Level 2 values are based on quoted prices for similar instruments in active markets, quoted prices for identical or similar instruments in markets that are not active and model-based valuation techniques for which all significant assumptions are observable in the market.

• Level 3 values are generated from model-based techniques that use at least one significant assumption not observable in the market. These unobservable assumptions reflect estimates that market participants would use in pricing the asset or liability. Valuation techniques include the use of discounted cash flow models and similar techniques.

The methodologies used to estimate the fair value of financial assets and financial liabilities are discussed below:

Investment securities available for sale. U.S.Treasury, government agency, mortgage-backed securities and municipal securities are generally measured at fair value using a third party pricing service and are classified as level 2 instruments. Equity securities are measured at fair value using observable closing prices. Management also considers the level of market activity by examining the trade volume of each security. Due to the relatively inactive nature of the markets for the existing equity securities, the inputs used for these equity securities are considered level 2 inputs.

Loans held for sale. Loans held for sale are carried at the lower of aggregate cost or fair value and are, therefore, carried at fair value only when fair value is less than the asset cost. These loans are generally traded in active secondary markets and are priced using current market pricing for similar securities adjusted for servicing, interest rate risk and credit risk. Accordingly, the inputs used to calculate fair value of residential real estate loans are classified as Level 2 inputs.

Loans and leases (acquired and originated). For variable rate loans, carrying value is a reasonable estimate of fair value. For fixed rate loans, fair values are estimated based on discounted future cash flows using the current interest rates at which loans with similar terms would be made to borrowers of similar credit quality. Additional valuation adjustments are made for liquidity and credit risk. The inputs used in the fair value measurements for loans and leases are considered level 3 inputs.

Receivable from the FDIC for loss share agreements. Fair value is estimated based on discounted future cash flows using current discount rates. Due to post-acquisition improvements in expected losses, significant portions of the FDIC receivable will be recovered through amortization of the receivable over the remaining life of the loss share agreement rather than by cash flows from the FDIC. The estimated amounts to be amortized in future periods have no fair value. The inputs used in the fair value measurement for the FDIC receivable are considered level 3 inputs. The FDIC loss share agreements are not transferable and, accordingly, there is no market for this receivable.

FHLB stock. The carrying amount of FHLB stock is a reasonable estimate of fair value as these securities are not readily marketable and are evaluated for impairment based on the ultimate recoverability of the par value. BancShares considers positive and negative evidence, including the profitability and asset quality of the issuer, dividend payment history and recent redemption experience, when determining the ultimate recoverability of the par value. BancShares believes its investment in FHLB stock is ultimately recoverable at par. The inputs used in the fair value measurement for the FHLB stock are considered level 2 inputs.

Preferred stock issued under the TARP program and other acquired financial assets. Preferred securities issued under the Troubled Asset Recovery Program are recorded at cost and are evaluated quarterly for impairment based on the ultimate recoverability of the purchase price. The fair value of these securities is derived from a third-party proprietary model that is

29

considered to be a level 3 input. Other acquired financial assets represent acquired investments in various entities for Community Reinvestment Act and correspondent banking purposes. These investments were recorded at fair value at acquisition date based on level 2 inputs.

Deposits. For non-time deposits and variable rate time deposits, carrying value is a reasonable estimate of fair value. The fair value of fixed rate time deposits is estimated by discounting future cash flows using the interest rates currently offered for deposits of similar remaining maturities. The inputs used in the fair value measurement for deposits are considered level 2 inputs.    

Long-term obligations. For fixed rate trust preferred securities, the fair values are determined based on recent trades of the actual security. For other long-term obligations, fair values are estimated by discounting future cash flows using current interest rates for similar financial instruments. The inputs used in the fair value measurement for long-term obligations are considered level 2 inputs.

Payable to the FDIC for loss share agreements. The fair value of the payable to the FDIC for loss share agreements is determined by the projected cash flows based on expected payments to the FDIC in accordance with the loss share agreements. Cash flows are discounted to reflect the timing of the estimated amounts due to the FDIC. The inputs used in the fair value measurement for the payable to the FDIC are considered level 3 inputs. See Note J for more information on the payable to the FDIC.

Interest rate swap. Under the terms of the existing cash flow hedge, BancShares pays a fixed payment to the counterparty in exchange for receipt of a variable payment that is determined based on the three-month LIBOR rate. The fair value of the cash flow hedge is, therefore, based on projected LIBOR rates for the duration of the hedge, values that, while observable in the market, are subject to adjustment due to pricing considerations for the specific instrument. The inputs used in the fair value measurement of the interest rate swap are considered level 2 inputs.

Off-balance-sheet commitments and contingencies. Carrying amounts are reasonable estimates of the fair values for such financial instruments. Carrying amounts include unamortized fee income and, in some cases, reserves for any credit losses from those financial instruments. These amounts are not material to BancShares' financial position.

For all other financial assets and financial liabilities, the carrying value is a reasonable estimate of the fair value as of March 31, 2014 and December 31, 2013. The carrying value and fair value for these assets and liabilities are equivalent because they are relatively short term in nature and there is no interest rate or credit risk that would cause the fair value to differ from the carrying value.

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(Dollars in thousands)	March 31, 2014				December 31, 2013
	Carrying value		Fair value		Carrying value		Fair value
Cash and due from banks	$	543,471	$	543,471	$	533,599	$	533,599
Overnight investments	1,161,469		1,161,469		859,324		859,324
Investment securities available for sale	5,676,237		5,676,237		5,387,703		5,387,703
Investment securities held to maturity	782		835		907		974
Loans held for sale	53,361		54,057		47,271		47,956
Acquired loans, net of allowance for loan and lease losses	1,225,825		1,201,309		975,906		956,388
Originated loans, net of allowance for loan and lease losses	12,022,277		11,659,364		11,924,424		11,589,149
Receivable from the FDIC for loss share agreements (1)	74,784		37,303		93,397		38,438
Income earned not collected	49,668		49,668		48,390		48,390
Federal Home Loan Bank stock	34,417		34,417		40,819		40,819
Preferred stock and other acquired financial assets	17,783		18,521		33,564		34,786
Deposits	18,763,545		18,785,474		17,874,066		17,898,570
Short-term borrowings	617,794		617,794		511,418		511,418
Long-term obligations	440,300		453,313		510,769		526,037
Payable to the FDIC for loss share agreements	111,339		115,129		109,378		111,941
Accrued interest payable	5,675		5,675		6,737		6,737
Interest rate swap	6,501		6,501		7,220		7,220

⁽¹⁾ The fair value of the FDIC receivable excludes amortization expected to be recognized in prospective periods.

Among BancShares’ assets and liabilities, investment securities available for sale and interest rate swaps accounted for as cash flow hedges are reported at their fair values on a recurring basis. Certain other assets are adjusted to their fair value on a nonrecurring basis, including loans held for sale, which are carried at the lower of cost or fair value, and impaired loans, OREO, goodwill and other intangible assets, which are periodically tested for impairment. Non-impaired loans held for investment, deposits, short-term borrowings and long-term obligations are not reported at fair value. BancShares did not elect to voluntarily report any assets or liabilities at fair value.

31

For assets and liabilities carried at fair value on a recurring basis, the following table provides fair value information as of March 31, 2014 and December 31, 2013.

	March 31, 2014
			Fair value measurements using:
(Dollars in thousands)	Fair value		Level 1 inputs		Level 2 inputs		Level 3 inputs
Assets measured at fair value
Investment securities available for sale
U.S. Treasury	$	1,273,221	$	—	$	1,273,221	$	—
Government agency	1,812,774		—		1,812,774		—
Mortgage-backed securities	2,566,666		—		2,566,666		—
Equity securities	22,560		—		22,560		—
Municipal securities	186		—		186		—
Other	830		—		830		—
Total	$	5,676,237	$	—	$	5,676,237	$	—
Liabilities measured at fair value
Interest rate swaps accounted for as cash flow hedges	$	6,501	$	—	$	6,501	$	—
	December 31, 2013
			Fair value measurements using:
	Fair value		Level 1 inputs		Level 2 inputs		Level 3 inputs
Assets measured at fair value
Investment securities available for sale
U.S. Treasury	$	373,437	$	—	$	373,437	$	—
Government agency	2,544,229		—		2,544,229		—
Mortgage-backed securities	2,446,873		—		2,446,873		—
Equity securities	22,147		—		22,147		—
Municipal securities	187		—		187		—
Other	830		—		830		—
Total	$	5,387,703	$	—	$	5,387,703	$	—
Liabilities measured at fair value
Interest rate swaps accounted for as cash flow hedges	$	7,220	$	—	$	7,220	$	—

There were no transfers between levels during the three months ended March 31, 2014.

Certain financial assets and liabilities are carried at fair value on a nonrecurring basis, including loans held for sale, impaired loans and OREO.

Loans held for sale are carried at the lower of aggregate cost or fair value and are, therefore, carried at fair value only when fair value is less than the asset cost. These loans are generally traded in active secondary markets and are priced using current market pricing for similar securities adjusted for servicing, interest rate risk and credit risk. Accordingly, residential real estate loans held for sale are classified as Level 2.

Impaired loans are deemed to be at fair value if an associated allowance or current period charge-off has been recorded. The value of impaired loans is determined by either collateral valuations or discounted present value of the expected cash flow calculations. Collateral values are determined using appraisals or other third-party value estimates of the subject property with discounts generally between 10 and 14 percent applied for estimated holding and selling costs and other external factors that may impact the marketability of the property. Impaired loans are assigned to an asset manager and monitored monthly for

32

significant changes since the last valuation. If significant changes are noted, the asset manager orders a new valuation or adjusts the valuation accordingly. Expected cash flows are determined using expected loss rates developed from historic experience for loans with similar risk characteristics, discounted using the effective interest rate.

OREO is measured and reported at fair value using collateral valuations. Collateral values are determined using appraisals or other third-party value estimates of the subject property with discounts generally between 10 and 14 percent applied for estimated holding and selling costs and other external factors that may impact the marketability of the property. Changes to the value of the assets between scheduled valuation dates are monitored through continued communication with brokers and monthly reviews by the asset manager assigned to each asset. The asset manager uses the information gathered from brokers and other market sources to identify any significant changes in the market or the subject property as they occur. Valuations are then adjusted or new appraisals are ordered to ensure the reported values reflect the most current information. OREO that has been recently remeasured is deemed to be at fair value and included in the table below.

For financial assets and liabilities carried at fair value on a nonrecurring basis, the following table provides fair value information as of March 31, 2014 and December 31, 2013.

	March 31, 2014
			Fair value measurements using:
(Dollars in thousands)	Fair value		Level 1 inputs		Level 2 inputs		Level 3 inputs
Loans held for sale	$	14,911	$	—	$	14,911	$	—
Originated impaired loans	73,301		—		—		73,301
Other real estate not covered under loss share agreements remeasured during current year	17,678		—		—		17,678
Other real estate covered under loss share agreements remeasured during current year	32,402		—		—		32,402
	December 31, 2013
			Fair value measurements using:
	Fair value		Level 1 inputs		Level 2 inputs		Level 3 inputs
Loans held for sale	29,389		—		29,389		—
Originated impaired loans	77,817		—		—		77,817
Other real estate not covered under loss share agreements remeasured during current year	20,526		—		—		20,526
Other real estate covered under loss share agreements remeasured during current year	37,587		—		—		37,587

No financial liabilities were carried at fair value on a nonrecurring basis as of March 31, 2014 and December 31, 2013.

Note I

Employee Benefit Plans

Pension expense is a component of employee benefits expense. For the three-month periods ended March 31, 2014 and March 31, 2013, the components of pension expense are as follows:

	Three months ended March 31
(Dollars in thousands)	2014			2013
Service cost	$	3,381		$	4,222
Interest cost	6,556			5,895
Expected return on assets	(7,812		)	(6,931		)
Amortization of prior service cost	53			53
Amortization of net actuarial loss	1,546			4,251
Total pension expense	$	3,724		$	7,490

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The assumed discount rate for 2014 is 4.90 percent, the expected long-term rate of return on plan assets is 7.50 percent and the assumed rate of salary increases is 4.00 percent. For 2013 the assumed discount rate was 4.00 percent, expected long-term rate of return was 7.25 percent and the assumed rate of salary increases was 4.00 percent.

Note J

Commitments and Contingencies

To meet the financing needs of its customers, BancShares and its subsidiaries have financial instruments with off-balance sheet risk. These financial instruments include commitments to extend credit, standby letters of credit and recourse obligations on mortgage loans sold. These instruments involve elements of credit, interest rate or liquidity risk.

Commitments to extend credit are legally binding agreements to lend to customers. Commitments generally have fixed expiration dates or other termination clauses and may require payment of fees. Since many of the commitments are expected to expire without being drawn upon, the total commitment amounts do not necessarily represent future liquidity requirements. Established credit standards control the credit risk exposure associated with these commitments. In some cases, BancShares requires that collateral be pledged to secure the commitment, including cash deposits, securities and other assets. At March 31, 2014, BancShares had unused commitments totaling $6.11 billion, compared to $5.84 billion at December 31, 2013.

Standby letters of credit are commitments guaranteeing performance of a customer to a third party. Those commitments are primarily issued to support public and private borrowing arrangements. To mitigate its risk, BancShares’ follows its credit policies in the issuance of standby letters of credit. At March 31, 2014 and December 31, 2013, BancShares had standby letters of credit amounting to $52.3 million and $54.8 million, respectively. The credit risk related to the issuance of these letters of credit is essentially the same as that involved in extending loans to clients and, therefore, these letters of credit are collateralized when necessary.

Pursuant to standard representations and warranties relating to residential mortgage loan sales, contingent obligations exist for various events that may occur following the loan sale. If underwriting or documentation deficiencies are discovered at any point in the life of the loan or if the loan becomes nonperforming within 120 days of its sale, the investor may require BancShares to repurchase the loan or to repay a portion of the sale proceeds. Other liabilities included reserves of $3.6 million as of March 31, 2014, unchanged from December 31, 2013, for estimated losses arising from these standard representation and warranty provisions.

BancShares has recorded a receivable from the FDIC totaling $74.8 million and $93.4 million as of March 31, 2014 and December 31, 2013 for the expected reimbursement of losses on assets covered under the various loss share agreements. These loss share agreements impose certain obligations on us that, in the event of noncompliance, could result in the delay or disallowance of some or all of our rights under those agreements. Requests for reimbursement are subject to FDIC review and may be delayed or disallowed for noncompliance. The loss share agreements are subject to interpretation by both the FDIC and FCB, and disagreements may arise regarding coverage of losses, expenses and contingencies.

The loss share agreements for four FDIC-assisted transactions include provisions related to contingent payments that may be owed to the FDIC at the termination of the agreements (clawback liability).The clawback liability represents a payment by BancShares to the FDIC if actual cumulative losses on acquired covered assets are lower than the cumulative losses originally estimated by the FDIC at the time of acquisition. The clawback liability is estimated by discounting estimated future payments and is recorded in the Consolidated Balance Sheets as a payable to the FDIC under the relevant loss share agreements. As of March 31, 2014 and December 31, 2013, the estimated clawback liability was $111.3 million and $109.4 million, respectively.

BancShares and various subsidiaries have been named as defendants in legal actions arising from their normal business activities in which damages in various amounts are claimed. BancShares is also exposed to litigation risk relating to the prior business activities of banks from which assets were acquired and liabilities assumed in the various FDIC-assisted transactions. Although the amount of any ultimate liability with respect to such matters cannot be determined, in the opinion of management, any such liability will not have a material effect on BancShares’ consolidated financial statements.

Note K

Derivatives

At March 31, 2014, BancShares had an interest rate swap entered into during 2011 that qualifies as a cash flow hedge under GAAP. For all periods presented, the fair value of the outstanding derivative is included in other liabilities in the consolidated

34

balance sheets, and the net change in fair value is included in the consolidated statements of cash flows under the caption net change in other liabilities.

The interest rate swap is used for interest rate risk management purposes and converts variable-rate exposure on outstanding debt to a fixed rate. The 2011 interest rate swap has a notional amount of $93.5 million, representing the amount of variable rate trust preferred capital securities issued during 2006 and still outstanding at the swap inception date. The 2011 interest rate swap hedges interest payments through June 2016 and requires fixed-rate payments by BancShares at 5.50 percent in exchange for variable-rate payments of 175 basis points above the three-month LIBOR, which is equal to the interest paid to the holders of the trust preferred capital securities. Settlement of the swap occurs quarterly. As of March 31, 2014, collateral with a fair value of $7.0 million was pledged to secure the existing obligation under the interest rate swap.

	March 31, 2014				December 31, 2013
(Dollars in thousands)	Notional  amount		Estimated fair value of liability		Notional  amount		Estimated fair value of liability
2011 interest rate swap hedging variable rate exposure on trust preferred securities 2011-2016	$	93,500	$	6,501	$	93,500	$	7,220

For cash flow hedges, the effective portion of the gain or loss due to changes in the fair value of the derivative hedging instrument is included in other comprehensive income, while the ineffective portion, representing the excess of the cumulative change in the fair value of the derivative over the cumulative change in expected future discounted cash flows on the hedged transaction, is recorded in the consolidated income statement. BancShares’ interest rate swap has been fully effective since inception. Therefore, changes in the fair value of the interest rate swap has had no impact on net income. For the three months ended March 31, 2014 and March 31, 2013, BancShares recognized interest expense of $0.8 million during both periods, resulting from incremental interest paid to the interest rate swap counterparty, none of which related to ineffectiveness. BancShares monitors the credit risk of the interest rate swap counterparty.

Note L

Accumulated Other Comprehensive Loss

Accumulated other comprehensive loss included the following as of March 31, 2014 and December 31, 2013:

	March 31, 2014									December 31, 2013
(Dollars in thousands)	Accumulated other comprehensive loss			Deferred tax benefit			Accumulated other comprehensive loss, net of tax			Accumulated other comprehensive loss			Deferred tax benefit			Accumulated other comprehensive loss, net of tax
Unrealized losses on investment securities available for sale, net	$	(4,733	)	$	(1,898	)	$	(2,835	)	$	(16,632	)	$	(6,541	)	$	(10,091	)
Unrealized loss on cash flow hedge	(6,501		)	(2,508		)	(3,993		)	(7,220		)	(2,786		)	(4,434		)
Funded status of defined benefit plan	(15,983		)	(6,217		)	(9,766		)	(17,582		)	(6,839		)	(10,743		)
Total	$	(27,217	)	$	(10,623	)	$	(16,594	)	$	(41,434	)	$	(16,166	)	$	(25,268	)

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The following table highlights changes in accumulated other comprehensive loss by component for the three months ended March 31, 2014 and March 31, 2013:

	Three months ended March 31, 2014
(Dollars in thousands)	Unrealized gains and losses on available for sale securities1			Gains and losses on cash flow hedges1			Defined benefit pension items1			Total
Beginning balance	$	(10,091	)	$	(4,434	)	$	(10,743	)	$	(25,268	)
Other comprehensive income before reclassifications	7,256			441			—			7,697
Amounts reclassified from accumulated other comprehensive loss	—			—			977			977
Net current period other comprehensive income	7,256			441			977			8,674
Ending balance	$	(2,835	)	$	(3,993	)	$	(9,766	)	$	(16,594	)
	Three months ended March 31, 2013
	Unrealized gains and losses on available for sale securities1			Gains and losses on cash flow hedges1			Defined benefit pension items1			Total
Beginning balance	$	20,517		$	(6,292	)	$	(96,331	)	$	(82,106	)
Other comprehensive income before reclassifications	(911		)	493			—			(418		)
Amounts reclassified from accumulated other comprehensive loss	—			—			2,619			2,619
Net current period other comprehensive (loss) income	(911		)	493			2,619			2,201
Ending balance	$	19,606		$	(5,799	)	$	(93,712	)	$	(79,905	)

¹ All amounts are net of tax. Amounts in parentheses indicate debits.

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	Three months ended March 31, 2014
Details about accumulated other comprehensive loss	Amount reclassified from accumulated other comprehensive income1			Affected line item in the statement where net income is presented
(Dollars in thousands)
Amortization of defined benefit pension items
Prior service costs	$	(53	)	Employee benefits
Actuarial losses	(1,546		)	Employee benefits
	(1,599		)	Income before income taxes
	622			Income taxes
	$	(977	)	Net income
Total reclassifications for the period	$	(977	)
	Three months ended March 31, 2013
Details about accumulated other comprehensive loss	Amount reclassified from accumulated other comprehensive income1			Affected line item in the statement where net income is presented
Amortization of defined benefit pension items
Prior service costs	$	(53	)	Employee benefits
Actuarial losses	(4,251		)	Employee benefits
	(4,304		)	Income before income taxes
	1,685			Income taxes
	$	(2,619	)	Net income
Total reclassifications for the period	$	(2,619	)

¹ Amounts in parentheses indicate debits to profit/loss.

Note M

Subsequent Events

On April 29, 2014, at the 2014 annual meeting of shareholders, shareholders approved an amendment to BancShares' charter that authorizes a new class of preferred stock. Under the terms of the charter amendment, BancShares has authority to issue up to 10,000,000 shares of preferred stock with a par value of $0.01.

On April 29, 2014, shareholders also approved a long-term incentive plan that is intended to provide selected salaried employees of FCB or any of its affiliates with opportunities to earn awards in the form of cash bonuses based upon attainment of pre-established, objective performance goals.

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Item 2. Management’s Discussion and Analysis of Financial Condition and Results of Operations

INTRODUCTION

Management’s discussion and analysis (MD&A) of earnings and related financial data are presented to assist in understanding the financial condition and results of operations of First Citizens BancShares, Inc. and Subsidiaries (BancShares). This discussion and analysis should be read in conjunction with the unaudited consolidated financial statements and related notes presented within this report along with our financial statements and related MD&A of financial condition and results of operations included in our 2013 Annual Report in Form 10-K. Intercompany accounts and transactions have been eliminated. Although certain amounts for prior years have been reclassified to conform to statement presentations for 2014, the reclassifications have no material effect on shareholders’ equity or net income as previously reported. Unless otherwise noted, the terms "we," "us" and "BancShares" refer to the consolidated financial position and consolidated results of operations for BancShares.

BancShares is a financial holding company headquartered in Raleigh, North Carolina, that offers full-service banking through its wholly-owned banking subsidiary, First-Citizens Bank & Trust Company (FCB). FCB is a state-chartered bank organized under the laws of the state of North Carolina. As of May 7, 2014, FCB operated 401 branches in North Carolina, Virginia, West Virginia, Maryland, Tennessee, Washington, California, Florida, Georgia, Texas, Arizona, New Mexico, Oregon, Colorado, Oklahoma, Kansas, Missouri, and Washington, DC.

EXECUTIVE OVERVIEW AND EARNINGS SUMMARY

BancShares’ earnings and cash flows are primarily derived from its commercial banking activities. We gather deposits from retail and commercial customers and also secure funding through various non-deposit sources. We invest the liquidity generated from these funding sources in interest-earning assets, including loans and leases, investment securities and overnight investments. We also invest in bank premises, hardware, software, furniture and equipment used to conduct our commercial banking business. We provide treasury services products, cardholder and merchant services, wealth management services and various other products and services typically offered by commercial banks.

Beginning in 2009, leveraging on our strong capital and liquidity positions, we participated in six FDIC-assisted transactions involving distressed financial institutions. Each of the FDIC-assisted transactions include indemnification assets, or loss share agreements, that protect us from a substantial portion of the credit and asset quality risk we would otherwise incur. Under accounting principles generally accepted in the United States of America (GAAP), acquired assets, assumed liabilities and the indemnification asset are recorded at their fair values as of the acquisition date. Subsequent to the acquisition date, the amortization and accretion of premiums and discounts, the recognition of post-acquisition improvement and deterioration, and the related accounting for the FDIC loss share agreements have contributed to significant income statement volatility.

On January 1, 2014, FCB completed its merger with1^st Financial Services Corporation (1^st Financial) and its wholly-owned banking subsidiary Mountain 1^st Bank & Trust Company. In accordance with the acquisition method of accounting, all assets and liabilities were recorded at their fair value as of the acquisition date. As a result of the 1^st Financial transaction, during the first quarter of 2014, FCB recorded loans with a fair value of $316.3 million, investment securities with a fair value of $237.4 million and other real estate with a fair value of $11.6 million. The fair value of deposits assumed totaled $631.9 million. FCB paid $10.0 million to acquire 1^st Financial, including $8.0 million to acquire and subsequently retire the 1^st Financial securities that had been issued under the Troubled Asset Relief Program. As a result of the transaction, FCB recorded $24.5 million of goodwill and $3.8 million in core deposit intangibles. BancShares and FCB remain well-capitalized following the 1^st Financial merger.

Various external factors influence the focus of our business efforts, and the results of our operations can change significantly based on those external factors. US economic conditions are improving, but unemployment rates remain high. The rate of economic growth continued at a modest rate in the first quarter of 2014. Consumer confidence continues to improve, with consumer spending at the highest level of growth in three years. Continued growth in household net worth, driven by increases in home, stock and other asset values, is believed to have positively influenced consumer confidence. As a result of perceived strength in the economy, the Federal Reserve has begun to taper its bond-buying program during the first quarter of 2014. The target asset purchase amount has continued to decline as the Federal Reserve seeks to gradually reduce stimulus efforts.

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We believe improved economic stability has contributed to modest loan growth during the first quarter of 2014. However, low interest rates and competitive loan and deposit pricing continue to constrain interest margins. Additionally, we have experienced improved loan demand during late 2013 and early 2014, as well as improved credit quality quarter over quarter.

BancShares’ consolidated net income during the first quarter of 2014 equaled $22.4 million, a decrease of $4.9 million from the $27.2 million earned during the fourth quarter of 2013 and a decrease of $33.2 million from the $55.6 million earned during the first quarter of 2013. The annualized returns on average assets and equity amounted to 0.41 percent and 4.33 percent, respectively, during the first quarter of 2014, compared to 0.50 percent and 5.37 percent during the fourth quarter of 2013 and 1.07 percent and 12.01 percent during the first quarter of 2013. Net income per share during the first quarter of 2014 totaled $2.33, compared to $2.83 and $5.78 during the fourth and first quarters of 2013, respectively. The decrease in net income during 2014 was primarily a result of lower net interest income driven by nonrecurring adjustments and expected declining loan balances within the FDIC-assisted loan portfolio. This decrease was partially offset by improved investment yields and the reduction of funding costs.

As discussed more fully under the caption Business Combinations-Income statement impact, net income during the first quarter of 2014 has been influenced by various post-acquisition events affecting acquired loans. These events, which are not predictable, include unexpected repayments of loans outstanding and improvements in future cash flow projections. Reductions in acquired loan balances have led to a reduction in accretion income when compared to the first quarter of 2013. Unscheduled repayments have also resulted in credits to provision for loan and lease losses due to reversal of previously-identified impairment, although the first quarter 2014 credits were significantly less than those recorded during the first quarter of 2013. Lower amortization of the FDIC receivable during 2014, when compared to the first quarter of 2013, has contributed to a favorable variance in noninterest income.

Net income generated by our non-acquired bank operations has been positive during the first quarter of 2014. Originated loan provision for loan and lease losses declined significantly for the first quarter of 2014 compared to the sequential quarter and the same quarter in the prior year due to credit quality improvements in the originated portfolio and lower net charge-offs. Originated loan growth with declining provision expense and improved yield on investments contributed to higher net interest income after provision, despite a reduction in originated loan yields for the current quarter compared to the fourth and first quarters of 2013.

Net interest income decreased $15.7 million to $160.9 million in the first quarter of 2014 from $176.6 million in the fourth quarter of 2013 and decreased $44.0 million from $204.9 million in the first quarter of 2013, primarily due to FDIC-assisted loan portfolio changes including sustained loan runoff over all periods and nonrecurring acquisition accounting adjustments recognized during the first quarter of 2013. The taxable-equivalent yield on interest-earning assets was 3.26 percent during the first quarter of 2014, compared to 3.55 percent for the fourth quarter of 2013, a decline of 29 basis points, and 4.35 percent for the first quarter of 2013, a decline of 109 basis points. The yield on interest-earning assets remains volatile due to the unpredictable nature of unscheduled repayments of acquired loans.

BancShares recorded a $1.9 million credit to provision for loan and lease losses during the first quarter of 2014, compared to provision expense of $7.3 million in the fourth quarter of 2013 and a credit to provision of $18.6 million during the first quarter of 2013. The credit for acquired loans totaled $2.3 million during the first quarter of 2014, compared to credits of $0.8 million and $22.6 million during the fourth and first quarters of 2013, respectively, the result of loan runoff, repayment and other adjustments. Provision expense for originated loans totaled $0.4 million during the first quarter of 2014 compared to $8.1 million and $4.0 million during the fourth and first quarters of 2013, respectively, the result of credit quality improvements in the originated loan portfolio.

During the first quarter of 2014, noninterest income decreased $8.0 million compared to the fourth quarter of 2013, and increased $3.7 million compared to the first quarter of 2013. The $8.0 million decrease is the result of lower fees from processing services, reductions in other noninterest income and net adjustments to the FDIC receivable in the fourth quarter of 2013, compared to the current quarter. The increase when compared to the first quarter of 2013 is due to improved merchant and cardholder services and net adjustments to the FDIC receivable, partially offset by lower mortgage income and reductions in other income.

Noninterest expense totaled $191.0 million in the first quarter of 2014, a decrease of $5.3 million compared to the fourth quarter of 2013, due to lower collection costs and advertising and other expenses, partially offset by increased third party processing fees. Noninterest expense decreased $3.3 million in the first quarter of 2014 compared to the first quarter of 2013, the result of reductions in employee benefits, collections and a fixed asset write-offs that were recorded in the first quarter of 2013 related to the client bank processing relationships that were sold, partially offset by higher salaries and wages.

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Income tax expense in the first quarter of 2014 totaled $10.6 million compared to $15.0 million for the fourth quarter and $31.1 million for the first quarter of 2013, representing effective tax rates of 32.2 percent, 35.5 percent and 35.8 percent during the respective periods. The decreased effective tax rate for the first quarter of 2014 is a result of the impact of permanent differences on lower pre-tax earnings.

Investment securities available for sale totaled $5.7 billion at March 31, 2014, an increase of $288.5 million or 5.4 percent compared to December 31, 2013. Investment securities acquired in the 1st Financial merger totaled $237.4 million. Acquired loans and leases increased $241.4 million since December 31, 2013, the result of the acquisition of $316.3 million in the 1^st Financial merger. Originated loans and leases increased $95.9 million, or 0.8 percent, since December 31, 2013 to $12.2 billion at March 31, 2014.

Total deposits increased $889.5 million during the first quarter of 2014, with increases in both demand and time deposit balances. Deposits resulting from the 1^st Financial merger totaled $593.3 million at March 31, 2014.

BancShares remains well-capitalized, with a tier 1 leverage ratio of 9.66 percent at March 31, 2014, compared to 9.82 percent at December 31, 2013, both comfortably above the published well-capitalized minimum of 5.00 percent. The total risk-based capital ratio was 16.05 percent at March 31, 2014, compared to 16.42 percent at December 31, 2013, both of which compare favorably to the published well-capitalized minimum of 10.00 percent. The risk-based capital ratio decrease during the first quarter was primarily driven by the addition of $24.5 million in goodwill and $3.8 million in core deposit intangibles from the 1st Financial merger.

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Table 1

SELECTED QUARTERLY DATA

	2014				2013
	First				Fourth			Third				Second				First
(Dollars in thousands, except share data)	Quarter				Quarter			Quarter				Quarter				Quarter
SUMMARY OF OPERATIONS
Interest income	$	173,394			$	189,640		$	192,634			$	193,926			$	220,604
Interest expense	12,463				13,047			13,451				14,398				15,722
Net interest income	160,931				176,593			179,183				179,528				204,882
Provision (credit) for loan and lease losses	(1,903		)		7,276			(7,683		)		(13,242		)		(18,606		)
Net interest income after provision for loan and lease losses	162,834				169,317			186,866				192,770				223,488
Noninterest income	61,181				69,177			71,918				64,995				57,513
Noninterest expense	191,030				196,315			192,143				188,567				194,355
Income before income taxes	32,985				42,179			66,641				69,198				86,646
Income taxes	10,619				14,953			25,659				25,292				31,061
Net income	$	22,366			$	27,226		$	40,982			$	43,906			$	55,585
Net interest income, taxable equivalent	$	161,694			$	177,280		$	179,823			$	180,188			$	205,553
PER SHARE DATA
Net income	$	2.33			$	2.83		$	4.26			$	4.56			$	5.78
Cash dividends	0.30				0.30			0.30				0.30				0.30
Market price at period end (Class A)	240.75				222.63			205.60				192.05				182.70
Book value at period end	218.82				215.89			206.06				201.62				199.46
SELECTED PERIOD AVERAGE BALANCES
Total assets	$	21,872,343			$	21,562,920		$	21,260,384			$	21,224,412			$	21,150,143
Investment securities	5,606,723				5,285,783			5,177,729				5,162,893				5,196,930
Loans and leases (acquired and originated)	13,459,945				13,088,636			13,111,710				13,167,580				13,289,828
Interest-earning assets	20,139,131				19,787,236			19,428,949				19,332,679				19,180,308
Deposits	18,492,310				18,102,752			17,856,882				17,908,705				17,922,665
Long-term obligations	500,805				510,871			449,013				443,804				444,539
Interest-bearing liabilities	14,189,227				13,790,088			13,757,983				13,958,137				14,140,511
Shareholders' equity	$	2,094,557			$	2,010,191		$	1,953,128			$	1,929,621			$	1,877,445
Shares outstanding	9,618,941				9,618,941			9,618,941				9,618,941				9,618,985
SELECTED PERIOD-END BALANCES
Total assets	$	22,154,997			$	21,199,091		$	21,511,352			$	21,308,822			$	21,351,012
Investment securities	5,677,019				5,388,610			5,162,598				5,186,106				5,280,907
Loans and leases:
Acquired	1,270,818				1,029,426			1,188,281				1,443,336				1,621,327
Originated	12,200,226				12,104,298			11,884,585				11,655,469				11,509,080
Deposits	18,763,545				17,874,066			18,063,319				18,018,015				18,064,921
Long-term obligations	440,300				510,769			510,963				443,313				444,252
Shareholders' equity	$	2,104,830			$	2,076,675		$	1,982,057			$	1,939,330			$	1,918,581
Shares outstanding	9,618,941				9,618,941			9,618,941				9,618,941				9,618,941
SELECTED RATIOS AND OTHER DATA
Rate of return on average assets (annualized)	0.41			%	0.50		%	0.76			%	0.83			%	1.07			%
Rate of return on average shareholders' equity (annualized)	4.33				5.37			8.32				9.13				12.01
Net yield on interest-earning assets (taxable equivalent)	3.26				3.55			3.67				3.74				4.35
Allowance for loan and lease losses to total loans and leases:
Acquired	3.54				5.20			5.01				5.30				5.95
Originated	1.46				1.49			1.50				1.56				1.53
Nonperforming assets to total loans and leases and other real estate at period end:
Acquired covered	9.34				7.02			7.05				8.62				8.46
Acquired not covered	3.36				—			—				—				—
Originated	0.66				0.74			0.90				0.91				1.10
Tier 1 risk-based capital ratio	14.56				14.92			15.04				14.91				14.72
Total risk-based capital ratio	16.05				16.42			16.54				16.41				16.41
Leverage capital ratio	9.66				9.82			9.84				9.68				9.53
Dividend payout ratio	12.88				10.60			7.04				6.58				5.19
Average loans and leases to average deposits	72.79				72.30			73.43				73.53				74.15

Average loan and lease balances include nonaccrual loans and leases.

41

BUSINESS COMBINATIONS

FDIC-assisted transactions occurring between 2009 and 2011 provided us significant growth opportunities and continue to provide significant contributions to our results of operations. These transactions allowed us to increase our presence in existing markets and to expand our banking presence to adjacent markets. Each of the FDIC-assisted transactions included loss share agreements that, for the term of the loss share agreement, protect us from a substantial portion of the credit and asset quality risk we would otherwise incur. Two of the loss share agreements expire during the third quarter of 2014. We will process all necessary filings in accordance with the agreements before expiration to collect the earned loss share receivables. Going forward, we will continue to manage these loans and loan relationships in accordance with our standard credit administration policies and procedures.

In January 2014, FCB completed its merger with 1^st Financial Services Corporation (1st Financial) and its wholly-owned banking subsidiary, Mountain 1^st Bank & Trust Company. The merger allowed FCB to expand its presence in Western North Carolina, within the communities of Columbus, Etowah, Hendersonville, Shelby and Waynesville. This merger was not an FDIC-assisted transaction and, therefore, it has no loss share agreements.

Table 2

FAIR VALUE OF 1^ST FINANCIAL SERVICES ACQUIRED ASSETS AND LIABILITIES

(Dollars in thousands)	January 1, 2014
Assets
Cash and cash equivalents	$	28,194
Investment securities available for sale	237,438
Loans and leases	316,327
Other real estate owned	11,591
Intangible assets	3,780
Other assets	23,991
Total assets acquired	$	621,321
Liabilities
Deposits:
Noninterest-bearing	$	152,444
Interest-bearing	479,427
Total deposits	631,871
Federal Funds purchased	406
Other liabilities	3,559
Total liabilities assumed	635,836
Net liabilities acquired	14,515
Cash paid to 1st Financial shareholders	2,000
Cash paid to U.S. Treasury for TARP securities	8,000
Goodwill recorded	$	24,515

Income statement impact. The 1st Financial merger was accretive to net interest income during the first quarter of 2014 and is expected to continue to be accretive going forward. The nonrecurring merger related costs are in line with original expectations totaling approximately $6 million to $7 million. Revenue generated from 1st Financial was approximately $6.9 million for the first quarter of 2014.

When comparing the current quarter to the first quarter of 2013, acquired loans had an unfavorable impact on earnings. Unfavorable variances were noted in interest income and provision for loan and lease losses, partially offset by improved noninterest income. The decrease in interest income, and overall earnings, for the first quarter of 2014 compared to the same quarter in the prior year is driven by sustained runoff in the acquired loan portfolio and nonrecurring FDIC-assisted acquisition accounting adjustments recorded during the the first quarter of 2013. Due to various factors that affect income or expense

42

related to acquired loans recognized in a given period, these components of net income are not easily predictable for future periods. Variations among these items may affect the comparability of various components of net income.

Acquired loan accretion income, which is included in interest income, may be accelerated in the event of unscheduled repayments and various other post-acquisition events. During the three months ended March 31, 2014, accretion income on acquired loans equaled $30.2 million, compared to $44.9 million during the fourth quarter and $79.9 million during the first quarter of 2013. Accretion income during the first quarter of 2013 was impacted by a higher volume of repayments and nonrecurring acquisition accounting adjustments related to the FDIC-assisted transactions.

During the three months ended March 31, 2014, we recorded a credit to provision for loan and lease losses for acquired loans totaling $2.3 million compared to a credit of $22.6 million during the same period of 2013. During both periods, unscheduled loan payments resulted in the reversal of previously-recognized impairment, although as expected, the volume of repayments during the first quarter of 2014 was significantly less than repayments during the first quarter of 2013.

During the three-month period ended March 31, 2014, the net adjustment to the FDIC receivable resulted in a reduction to noninterest income of $12.3 million, compared to a corresponding reduction in noninterest income of $24.1 million during the same period of 2013. The smaller impact during 2014 primarily results from lower amortization expense of the FDIC receivable as the expiration dates of the loss share agreements approach.

Receivable from the FDIC for loss share agreements. The various terms of each loss share agreement and the components of the receivable from the FDIC is provided in Table 3. As of March 31, 2014, the FDIC receivable included $37.3 million of expected FDIC cash receipts and $37.5 million we expect to recover through prospective amortization of the asset due to post-acquisition improvements in the related loans. Generally, losses on single family residential loans are covered for ten years. All other loans are generally covered for five years. During the third quarter of 2014, loss share protection will expire for non-single family residential loans acquired from Temecula Valley Bank (TVB) and Venture Bank (VB). During the first quarter of 2015, loss share protection will expire for loans acquired from First Regional Bank (FRB) and for non-single family residential loans acquired from Sun American Bank (SAB). Protection for all other covered assets extends beyond December 31, 2015.

Table 3

LOSS SHARE PROVISIONS FOR FDIC-ASSISTED TRANSACTIONS

	Fair value at acquisition date		Losses/expenses incurred through 3/31/2014		Cumulative amount reimbursed by FDIC through 3/31/2014		Carrying value at March 31, 2014				Current portion of receivable due from (to) FDIC for 3/31/2014 filings			Prospective amortization (accretion)
(Dollars in thousands)							Receivable from FDIC		Payable to FDIC
Entity
TVB - combined losses	$	103,558	$	195,585	$	832	$	8,374	$	—	$	1,026		$	5,906
VB - combined losses	138,963		156,480		125,004		1,051		—		180			(607		)
FRB - combined losses	378,695		248,893		169,331		10,632		77,474		(3,670		)	11,300
SAB - combined losses	89,734		97,764		76,701		12,712		1,491		1,510			6,487
United Western
Non-single family residential losses	112,672		111,035		89,014		13,535		17,014		(134		)	6,266
Single family residential losses	24,781		4,679		3,623		10,876		—		120			189
Colorado Capital - combined losses	155,070		186,504		149,256		17,604		15,360		108			7,940
Total	$	1,003,473	$	1,000,940	$	613,761	$	74,784	$	111,339	$	(860	)	$	37,481
Fair value at acquisition date represents the initial fair value of the receivable from FDIC, excluding the payable to FDIC. Prospective amortization (accretion) reflects balances that, due to post-acquisition credit quality improvement, will be amortized over the shorter of the covered asset's life or the term of the loss share period.

43

INTEREST-EARNING ASSETS

Interest-earning assets include loans and leases, investment securities and overnight investments, all of which reflect varying interest rates based on the risk level and repricing characteristics of the underlying asset. Riskier investments typically carry a higher interest rate but expose us to potentially higher levels of default.

We have historically focused on maintaining high-asset quality, which results in a loan and lease portfolio subjected to strenuous underwriting and monitoring procedures and corresponding tighter margins. We avoid high-risk industry concentrations, but we do maintain a concentration of owner-occupied real estate loans to borrowers in medical and medical-related fields. The credit department actively monitors all loan concentrations to ensure potential risks are identified timely and managed accordingly. Our focus on asset quality also influences the composition of our investment securities portfolio. At March 31, 2014, mortgage-backed securities and government agency securities represented 45.2 percent and 31.9 percent of investment securities available for sale, respectively, compared to U.S. Treasury securities, which represented 22.4 percent of the portfolio. Investments in mortgage-backed securities primarily represent securities issued by government entities. The balance of the available-for-sale portfolio includes common stock of other financial institutions, municipal securities and a subordinated debenture issued by another financial institution. Overnight investments include interest-bearing deposits at the Federal Reserve Bank and other financial institutions and federal funds sold.

Interest-earning assets averaged $20.14 billion for the first quarter of 2014, compared to $19.79 billion and $19.18 billion for the fourth and first quarters of 2013, respectively. The 2014 increase results from higher levels of investment securities, overnight investments and originated loans and leases.

LOANS AND LEASES

Originated loans increased $691.1 million from $11.51 billion at March 31, 2013 to $12.20 billion at March 31, 2014 and increased $95.9 million since December 31, 2013. Acquired loans totaled $1.27 billion at March 31, 2014, compared to $1.03 billion at December 31, 2013, and $1.62 billion at March 31, 2013.

44

Table 4

LOANS AND LEASES

(Dollars in thousands)	March 31, 2014		December 31, 2013		March 31, 2013
Acquired loans:
Commercial:
Construction and land development	$	106,670	$	78,915	$	204,524
Commercial mortgage	728,872		642,891		948,452
Other commercial real estate	47,826		41,381		93,232
Commercial and industrial	38,838		17,254		45,693
Other	870		866		1,042
Total commercial loans	923,076		781,307		1,292,943
Noncommercial:
Residential mortgage	291,254		213,851		278,997
Revolving mortgage	25,776		30,834		37,139
Construction and land development	28,151		2,583		11,024
Consumer	2,561		851		1,224
Total noncommercial loans	347,742		248,119		328,384
Total acquired loans	1,270,818		1,029,426		1,621,327
Originated loans and leases:
Commercial:
Construction and land development	335,271		319,847		300,497
Commercial mortgage	6,330,843		6,362,490		5,352,594
Other commercial real estate	177,082		178,754		176,456
Commercial and industrial	1,175,543		1,081,158		1,662,124
Lease financing	394,268		381,763		336,329
Other	179,725		175,336		194,186
Total commercial loans	8,592,732		8,499,348		8,022,186
Noncommercial:
Residential mortgage	1,030,032		982,421		834,879
Revolving mortgage	2,091,000		2,113,285		2,150,800
Construction and land development	119,049		122,792		115,628
Consumer	367,413		386,452		385,587
Total noncommercial loans	3,607,494		3,604,950		3,486,894
Total originated loans and leases	12,200,226		12,104,298		11,509,080
Total loans and leases	$	13,471,044	$	13,133,724	$	13,130,407

At March 31, 2014, total acquired loans increased $241.4 million, or 23.4 percent, compared to the fourth quarter of 2013 due to the 1st Financial acquisition. Conversely, acquired loans decreased $591.9 million, or 36.5 percent, at December 31, 2013, compared to March 31, 2013, due to continued loan runoff. At March 31, 2014, total originated loans increased $95.9 million, or 0.8 percent, compared to December 31, 2013, primarily driven by increases in commercial and industrial and residential mortgage loans. Total originated loans for the first quarter of 2014 increased $691.1 million, or 6.0 percent, compared to March 31, 2013, driven primarily by increases in commercial mortgage and residential mortgage, offset by decreases in commercial and industrial and revolving mortgage loans.

While management recognizes that economic conditions continue to suppress loan demand, we believe the first quarter2014 growth points to general improvement in consumer confidence, and we expect originated loan growth to continue for the remainder of 2014.

45

INVESTMENT SECURITIES

Investment securities available for sale equaled $5.68 billion at March 31, 2014, compared to $5.39 billion at December 31, 2013. Available for sale securities are reported at their aggregate fair value, and unrealized gains and losses are included as a component of other comprehensive income, net of deferred taxes. As of March 31, 2014, investment securities available for sale had a net unrealized loss of $4.7 million, compared to a net unrealized loss of $16.6 million as of December 31, 2013. After evaluating the securities with unrealized losses, management concluded that no other than temporary impairment existed as of March 31, 2014.

Changes in the amount of our investment securities portfolio result from balance sheet trends including loans and leases, deposits and short-term borrowings. When inflows arising from deposit and treasury services products exceed loan and lease demand, we invest excess funds in the securities portfolio. Conversely, when loan demand exceeds growth in deposits and short-term borrowings, we allow overnight investments to decline and use proceeds from maturing securities to fund loan demand. Details of investment securities at March 31, 2014, December 31, 2013 and March 31, 2013 are provided in Table 5.

Table 5

INVESTMENT SECURITIES

	March 31, 2014				December 31, 2013				March 31, 2013
(Dollars in thousands)	Cost		Fair value		Cost		Fair value		Cost		Fair value
Investment securities available for sale:
U.S. Treasury	$	1,274,716	$	1,273,221	$	373,223	$	373,437	$	749,284	$	749,757
Government agency	1,811,889		1,812,774		2,543,223		2,544,229		3,147,363		3,150,041
Mortgage-backed securities	2,592,766		2,566,666		2,486,297		2,446,873		1,348,765		1,358,102
Equity securities	543		22,560		543		22,147		543		20,403
Municipal securities	186		186		186		187		546		547
Other	870		830		863		830		844		828
Total investment securities available for sale	5,680,970		5,676,237		5,404,335		5,387,703		5,247,345		5,279,678
Investment securities held to maturity:
Mortgage-backed securities	782		835		907		974		1,229		1,322
Total investment securities	$	5,681,752	$	5,677,072	$	5,405,242	$	5,388,677	$	5,248,574	$	5,281,000

INTEREST-BEARING LIABILITIES

Interest-bearing liabilities include interest-bearing deposits, short-term borrowings and long-term obligations. Interest-bearing liabilities totaled $14.19 billion as of March 31, 2014, an increase of $539.3 million since December 31, 2013 and $26.5 million from March 31, 2013. The increase in the first quarter of 2014 is the result of increases in interest-bearing deposits and short-term borrowings, much of which relates to the 1^st Financial merger, partially offset by a decrease in long-term obligations.

DEPOSITS

At March 31, 2014, total deposits equaled $18.76 billion, an increase of $889.5 million, or 5.0 percent, since December 31, 2013 and an increase of $698.6 million, or 3.9 percent, since March 31, 2013. The increase during both periods resulted from $593.3 million from the 1^st Financial merger and additional organic growth in legacy markets.

Due to our focus on maintaining a strong liquidity position, core deposit retention remains a key business objective. We believe that traditional bank deposit products remain an attractive option for many customers, but as economic conditions improve, we recognize that our liquidity position could be adversely affected as bank deposits are withdrawn and invested elsewhere. Our ability to fund future loan growth is dependent on our success at retaining existing deposits and generating new deposits at a reasonable cost.

46

SHORT-TERM BORROWINGS

At March 31, 2014, short-term borrowings totaled $617.8 million compared to $511.4 million at December 31, 2013 and $573.1 million at March 31, 2013. The increase in short-term borrowings since December 31, 2013 is due to higher customer balances in our business and treasury services sweep products and the reclassification of long-term obligations to short-term borrowings for debt maturing in less than one year.

LONG-TERM OBLIGATIONS

Long-term obligations equaled $440.3 million at March 31, 2014, down $70.5 million from December 31, 2013, and $4.0 million from March 31, 2013. The decrease since December 31, 2013 is a result of FHLB borrowings with maturities less than one year being reclassified to short-term borrowings.

At March 31, 2014, December 31, 2013 and March 31, 2013, long-term obligations included $96.4 million in junior subordinated debentures representing obligations to FCB/NC Capital Trust III, a special purpose entity and the grantor trust for $93.5 million of trust preferred securities. FCB/NC Capital Trust III's trust preferred securities mature in 2036 and may be redeemed at par in whole or in part at any time. BancShares has guaranteed all obligations of FCB/NC Capital Trust III. The proceeds from the trust preferred securities were used to purchase the junior subordinated debentures issued by BancShares.

NET INTEREST INCOME

Net interest income for the first quarter of 2014 totaled $160.9 million, a $44.0 million decrease from the first quarter of 2013. This reduction was primarily due to a $54.1 million reduction in interest income on acquired loans, excluding 1st Financial, resulting from the sustained runoff and nonrecurring FDIC-assisted acquisition accounting adjustments recorded during the first quarter of 2013. The reduction was offset by $4.4 million and $3.3 million increases in interest income from the 1^st Financial loan portfolio and the investment portfolio, respectively, as well as a $3.3 million reduction in interest expense when comparing the first quarter of 2014 to the same quarter of the prior year.

The taxable-equivalent net interest margin for the first quarter of 2014 was 3.26 percent, a decrease of 29 basis points on a sequential basis from 3.55 percent, and a 109 basis point decrease from 4.35 percent when compared to the first quarter of 2013. While margin compression is a continuing concern in the current interest rate environment, the majority of our margin compression during the current and prior quarter was a direct result of the acquired loan portfolio runoff. Taxable-equivalent net interest margin, excluding acquired loans for the current quarter of 2014, sequential quarter and the same quarter in the prior year was 2.83 percent, 2.81 percent and 2.90 percent.

Interest-earning assets averaged $20.14 billion in the first quarter of 2014, an increase of $351.9 million and $958.8 million since the fourth and first quarter of 2013, respectively. When compared to both the fourth and first quarters of 2013, average earning assets during the first quarter of 2014 have increased due to the 1^st Financial merger and growth among investment securities, overnight borrowings and originated loans. Interest income totaled $173.4 million for the first quarter of 2014, a $16.2 million and a $47.2 million decrease from the fourth and first quarters of 2013, respectively. The taxable-equivalent yield on earning assets was 3.50 percent for the first quarter of 2014, declining 118 basis points since the first quarter of 2013 and declining 31 basis points since the fourth quarter of 2013. The decrease in interest income and earning asset margins is due to the significant reduction in the acquired loan portfolio which are being replaced by lower yielding assets.

Average loans and leases increased $371.3 million and $170.1 million comparing the first quarter of 2014 to the fourth and first quarters of 2013, respectively. However, interest income earned from loans and leases for the first quarter of 2014 decreased $17.0 million and $50.6 million when compared to the sequential quarter and the same quarter in the prior year. The taxable-equivalent yield for total loans also decreased during the first quarter of 2014 by 54 basis points and 161 basis points compared to the sequential quarter and the same quarter in the prior year. The yield reduction was due to lower acquired loan accretion income. Accretion income on acquired loans totaled $30.2 million during the first quarter of 2014 compared to $44.9 million and $79.9 million during the fourth and first quarters of 2013, respectively. Loan yields are also down for originated loans due to pricing competition and general market conditions. Taxable equivalent yield on originated loans for the first quarter of 2014 was 4.38 percent compared to 4.43 percent and 4.61 percent for the fourth and first quarters of 2013, respectively.

Interest income earned on the investment securities portfolio totaled $11.7 million during the first quarter of 2014 compared to $10.6 million and $8.5 million during the fourth and first quarters of 2013, respectively. This increase is the result of an increase in average balances and higher yields on certain investments. Average investment securities increased $320.9 million and $409.8 million since the fourth and first quarters of 2013, respectively, with a 4 and 18 basis point increase in the taxable-equivalent yield for the respective periods. Average investment balances continue to increase as cash provided by acquired loan repayments and increased deposits are redeployed.

47

Interest expense amounted to $12.5 million during the first quarter of 2014, a $0.6 million and $3.3 million decrease from the fourth and first quarters of 2013, respectively. The rate on average interest-bearing liabilities equaled 0.35 percent during the first quarter of 2014, a 3 and 10 basis point decrease from the fourth and first quarter of 2013, respectively. Average interest-bearing liabilities increased $399.1 million from the fourth quarter of 2013 to $14.19 billion during the first quarter of 2014 and $48.7 million from the first quarter of 2013 to the first quarter of 2014 due to higher long-term obligations.

Average interest-bearing deposits equaled $13.14 billion during the first quarter of 2014, an increase of $463.7 million and $8.2 million from the fourth and first quarter of 2013, respectively. This increase includes deposits acquired in the 1st Financial merger of $593.3 million at March 31, 2014, as well as recurring seasonal trends.

For the quarters ended March 31, 2014, December 31, 2013 and March 31, 2013, short-term borrowings averaged $543.9 million, $597.4 million and $559.6 million, respectively.

48

Table 6

CONSOLIDATED TAXABLE EQUIVALENT RATE/VOLUME VARIANCE ANALYSIS - THREE MONTHS

	2014							2013							Increase (decrease) due to:
				Interest							Interest
	Average			Income/		Yield/		Average			Income/		Yield/					Yield/			Total
(Dollars in thousands)	Balance			Expense		Rate		Balance			Expense		Rate		Volume			Rate			Change
Assets
Loans and leases	$	13,459,945		$	161,636	4.87	%	$	13,289,828		$	212,271	6.48	%	$	2,421		$	(53,056	)	$	(50,635	)
Investment securities:
U. S. Treasury	778,145			1,085		0.57		803,803			517		0.26		(31		)	599			568
Government agency	2,279,973			2,962		0.52		3,096,761			3,466		0.45		(982		)	478			(504		)
Mortgage-backed securities	2,525,288			7,763		1.23		1,278,491			4,579		1.45		4,168			(984		)	3,184
State, county and municipal	186			3		6.45		549			9		6.65		(6		)	—			(6		)
Other	23,131			96		1.68		17,326			76		1.78		25			(5		)	20
Total investment securities	5,606,723			11,909		0.85		5,196,930			8,647		0.67		3,174			88			3,262
Overnight investments	1,072,463			612		0.23		693,550			357		0.21		209			46			255
Total interest-earning assets	20,139,131			$	174,157	3.50	%	19,180,308			$	221,275	4.68	%	$	5,804		$	(52,922	)	$	(47,118	)
Cash and due from banks	478,044							508,417
Premises and equipment	877,414							881,023
Receivable from FDIC for loss share agreements	87,550							234,670
Allowance for loan and lease losses	(225,139		)					(282,977		)
Other real estate owned	90,900							150,870
Other assets	424,443							477,832
Total assets	$	21,872,343						$	21,150,143
Liabilities
Interest-bearing deposits:
Checking With Interest	$	2,494,679		$	153	0.02	%	$	2,283,684		$	143	0.03	%	$	41		$	(31	)	$	10
Savings	1,180,244			291		0.10		928,485			114		0.05		47			130			177
Money market accounts	6,355,681			1,888		0.12		6,463,186			3,185		0.20		(38		)	(1,259		)	(1,297		)
Time deposits	3,113,965			4,493		0.59		3,460,968			6,871		0.81		(597		)	(1,781		)	(2,378		)
Total interest-bearing deposits	13,144,569			6,825		0.21		13,136,323			10,313		0.32		(547		)	(2,941		)	(3,488		)
Short-term borrowings	543,853			585		0.44		559,649			704		0.51		(21		)	(98		)	(119		)
Long-term obligations	500,805			5,053		4.04		444,539			4,705		4.23		577			(229		)	348
Total interest-bearing liabilities	14,189,227			$	12,463	0.35	%	14,140,511			$	15,722	0.45	%	$	9		$	(3,268	)	$	(3,259	)
Demand deposits	5,347,741							4,786,342
Other liabilities	240,818							345,845
Shareholders' equity	2,094,557							1,877,445
Total liabilities and shareholders' equity	$	21,872,343						$	21,150,143
Interest rate spread						3.15	%						4.23	%
Net interest income and net yield
on interest-earning assets				$	161,694	3.26	%				$	205,553	4.35	%	$	5,795		$	(49,654	)	$	(43,859	)

Loans and leases include acquired loans, originated loans, nonaccrual loans and loans held for sale. Yields related to loans, leases and securities exempt from both federal and state income taxes, federal income taxes only, or state income taxes only are stated on a taxable-equivalent basis assuming statutory federal income tax rates of 35.0 percent for each period and state income tax rates of 6.0 percent and 6.9 percent for 2014 and 2013, respectively. The taxable-equivalent adjustment was $763 and $671 for 2014 and 2013, respectively. The rate/volume variance is allocated equally between the changes in volume and rate.

49

NONINTEREST INCOME

The primary sources of noninterest income have traditionally consisted of cardholder services income, merchant services income, service charges on deposit accounts and revenues derived from wealth management services.

FDIC-assisted acquired loan recoveries and related adjustments in the FDIC receivable and payable is another source of noninterest income. As the loss share agreements begin to expire in the third quarter of 2014, we expect the impact on noninterest income to be reduced going forward.

Table 7

NONINTEREST INCOME

	Three months ended March 31						Change
(Dollars in thousands)	2014			2013			$			%
Cardholder services	$	11,832		$	11,071		$	761		6.9		%
Merchant services	13,521			12,486			1,035			8.3
Service charges on deposit accounts	14,440			14,999			(559		)	(3.7	)
Wealth management services	14,880			14,515			365			2.5
Fees from processing services	4,861			5,619			(758		)	(13.5	)
Other service charges and fees	3,944			3,766			178			4.7
Mortgage income	955			3,788			(2,833		)	(74.8	)
Insurance commissions	3,287			2,980			307			10.3
ATM income	1,202			1,168			34			2.9
Adjustments to FDIC receivable for loss share agreements	(12,349		)	(24,053		)	11,704			(48.7	)
Other	4,608			11,174			(6,566		)	(58.8	)
Total noninterest income	$	61,181		$	57,513		$	3,668		6.4		%

During the first three months of 2014, noninterest income amounted to $61.2 million, compared to $69.2 million and $57.5 million during the fourth and first quarters of 2013, respectively.

When comparing the first quarter of 2014 to the first quarter of 2013, noninterest income improved due to $11.7 million in favorable adjustments to the FDIC receivable for loss share agreements, and $1.8 million increase in merchant services and cardholder services. FDIC adjustments are a result of acquired portfolio performance, while the changes in service charges are directly related to account activity. These first quarter improvements were partially offset by a $2.8 million reduction in mortgage income and a $6.6 million reduction in other noninterest income. The decrease in mortgage fee income was due to reduced mortgage originations and the decrease in the other category is the result of a $7.5 million gain generated from the sale of our rights and most of our obligations under various service agreements with client banks during the first quarter of 2013.

The decrease in noninterest income from the first quarter of 2014 compared to the sequential quarter is primarily driven by a $2.8 million reduction in processing service fees, $1.8 million unfavorable adjustment to the FDIC receivable, and $2.5 million reduction in other noninterest income due to a decrease in acquired loan recoveries for loans that had been fully charged off.

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NONINTEREST EXPENSE

The primary components of noninterest expense are salaries and related employee benefits, occupancy costs for branch offices and support facilities and equipment and software costs for our branch offices and our technology and operations infrastructure.

Table 8

NONINTEREST EXPENSE

	Three months ended March 31				Change
(Dollars in thousands)	2014		2013		$			%
Salaries and wages	$	79,874	$	76,119	$	3,755		4.9		%
Employee benefits	20,100		25,019		(4,919		)	(19.7	)
Occupancy expense	20,425		18,809		1,616			8.6
Equipment expense	18,791		18,946		(155		)	(0.8	)
FDIC insurance expense	2,636		2,666		(30		)	(1.1	)
Foreclosure-related expenses	5,410		4,305		1,105			25.7
Merchant processing	8,481		8,234		247			3.0
Processing fees paid to third parties	5,125		4,381		744			17.0
Card processing	2,597		3,077		(480		)	(15.6	)
Consultant	2,231		1,626		605			37.2
Collection	1,835		5,274		(3,439		)	(65.2	)
Advertising	1,289		297		992			(a)
Other	22,236		25,602		(3,366		)	(13.1	)
Total noninterest expense	$	191,030	$	194,355	$	(3,325	)	(1.7	)	%

(a) not meaningful

Noninterest expense decreased $5.3 million in the first quarter of 2014 to $191.0 million when compared to $196.3 million in the sequential quarter, and decreased $3.3 million when compared to $194.4 million in the first quarter of 2013. The $5.3 million decrease in first quarter 2014 compared to the fourth quarter 2013, is primarily driven by decreases in collection and advertising expenses, partially offset by an increase in processing fees paid to third parties.

When comparing the first quarter of 2014 to the first quarter of 2013, employee benefit expense decreased $4.9 million due to lower pension and health claims expenses resulting from a higher discount rate used to calculate pension expense during 2014. Collection costs decreased $3.4 million during the first quarter of 2014, when compared to the same period of 2013 due to lower nonperforming assets. These favorable variances were partially offset by higher salaries and wages, occupancy costs and foreclosure-related expenses.

INCOME TAXES

We monitor and evaluate the potential impact of current events on the estimates used to establish income tax expenses and income tax liabilities. On a periodic basis, we evaluate our income tax positions based on current tax law, positions taken by various tax auditors within the jurisdictions where BancShares is required to file income tax returns, as well as potential or pending audits or assessments by tax auditors.

Income tax expense totaled $10.6 million, $15.0 million and $31.1 million for the first quarter of 2014 and the fourth and first quarters of 2013, respectively, representing effective tax rates of 32.2 percent, 35.45 percent and 35.8 percent during the respective periods. The decrease in the effective tax rate for the first quarter 2014 results from the impact of permanent differences on lower pre-tax earnings.

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SHAREHOLDERS’ EQUITY AND CAPITAL ADEQUACY

BancShares and FCB are required to meet minimum requirements imposed by regulatory authorities. Failure to meet certain capital requirements may result in actions by regulatory agencies that could have a material impact on our consolidated financial statements.

Under GAAP, unrealized gains and losses on certain assets and liabilities and adjustment for pension funded status, net of deferred taxes, are included in accumulated other comprehensive income within shareholder's equity and directly impact the calculation of our capital ratios. In the aggregate, these items represented a net reduction in shareholders' equity of $16.6 million at March 31, 2014, compared to $25.3 million at December 31, 2013, and $79.9 million at March 31, 2013. The $8.7 million reduction in shareholders' equity from December 31, 2013, resulted from a reduction in unrealized losses on investment securities available for sale arising due to interest rate changes during 2013. The $63.3 million reduction in shareholders' equity from March 31, 2013 reflects the combined impact of lower unrealized losses on investment securities available for sale and changes in the funded status of the pension plan.

Table 9

ANALYSIS OF CAPITAL ADEQUACY

	March 31, 2014		December 31, 2013		March 31, 2013		Regulatory minimum		Well-capitalized requirement
BancShares
Risk-based capital ratios
Tier 1 capital	14.56	%	14.92	%	14.72	%	4.00	%	6.00	%
Total capital	16.05		16.42		16.41		8.00		10.00
Tier 1 leverage ratio	9.66		9.82		9.53		3.00		5.00
Bank
Risk-based capital ratios
Tier 1 capital	13.78	%	14.14	%	14.31	%	4.00	%	6.00	%
Total capital	15.21		15.57		15.95		8.00		10.00
Tier 1 leverage ratio	9.21		9.36		9.31		3.00		5.00

BancShares continues to exceed minimum capital standards and FCB remains well-capitalized.

In July 2013, Bank regulatory agencies approved new global regulatory capital guidelines (Basel) aimed at strengthening existing capital requirements for bank holding companies through a combination of higher minimum capital requirements, new capital conservation buffers and more conservative definitions of capital and balance sheet exposure. BancShares will be subject to the requirements of Basel effective January 1, 2015, subject to a transition period for several aspects of the rule.

Under the revised rules, BancShares' tier 1 common equity ratio based on the current tier 1 capital and risk-weighted assets calculations, excluding trust preferred securities, would be 13.91 percent at March 31, 2014, compared to the fully phased-in, well-capitalized minimum of 9.0 percent, which includes the 2.5 percent minimum conservation buffer. Management continues to monitor Basel developments and remains committed to managing our capital levels in a prudent manner. The proposed tier 1 common equity ratio is calculated in Table 10.

Table 10

TIER 1 COMMON EQUITY

(Dollars in thousands)	March 31, 2014
Tier 1 capital	$	2,101,125
Less: restricted core capital	93,500
Tier 1 common equity	$	2,007,625
Risk-adjusted assets	$	14,429,905
Tier 1 common equity ratio	13.91		%

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Table 11 describes the minimum and well-capitalized requirements for the transitional period beginning during 2016 and the fully phased-in requirements that become effective during 2019.

Table 11

BASEL CAPITAL REQUIREMENTS

Basel final rules	Basel minimum requirement 2016		Basel well-capitalized 2016		Basel minimum requirement 2019		Basel well-capitalized 2019
Leverage ratio	4.00	%	5.00	%	4.00	%	5.00	%
Common equity tier 1	4.50		6.50		4.50		6.50
Common equity plus conservation buffer	5.13		7.13		7.00		9.00
Tier 1 capital ratio	6.00		8.00		6.00		8.00
Total capital ratio	8.00		10.00		8.00		10.00
Total capital ratio plus conservation buffer	8.63		10.63		10.50		12.50

RISK MANAGEMENT

Effective risk management is critical to our success. The Dodd-Frank Act required that banks with total assets in excess of $10 billion establish an enterprise-wide risk committee consisting of members of its board of directors. At its July 2013 meeting, the board of directors established a Risk Committee that provides oversight of enterprise-wide risk management. The Risk Committee is responsible for establishing risk appetite and supporting tolerances for credit, market and operational risk and ensuring that risk is managed within those tolerances, monitoring compliance with laws and regulations, reviewing the investment securities portfolio to ensure that portfolio returns are managed within market risk tolerance and monitoring our legal activity and associated risk. With guidance from and oversight by the Risk Committee, management continually refines and enhances its risk management policies and procedures to maintain effective risk management programs and processes.

Mortgage reform rules mandated by the Dodd-Frank Act became effective in January 2014, requiring lenders to make a reasonable, good faith determination of a borrower's ability to repay any consumer credit transaction secured by a dwelling and to limit prepayment penalties. Increased risks of legal challenge, private right of action and regulatory enforcement are presented by these rules. BancShares implemented the required system, process, procedural and product changes prior to the effective date of the new rules. We have modified our underwriting standards to ensure compliance with the ability to repay requirements and have determined that we will continue to offer both qualified and non-qualified mortgage products. Historical performance and conservative underwriting of impacted loan portfolios mitigates the risks of non-compliance.

Credit risk management. Credit risk is the risk of not collecting payments pursuant to the contractual terms of loans, leases and investment securities. Loans and leases not covered by loss share agreements with the FDIC were underwritten in accordance with our credit policies and procedures and are subject to periodic ongoing reviews. Acquired loans were recorded at fair value as of the acquisition date and are subject to periodic reviews to identify any further credit deterioration. Our independent credit review function conducts risk reviews and analyses of both acquired and originated loans to ensure compliance with credit policies and to monitor asset quality trends. The risk reviews include portfolio analysis by geographic location, industry, collateral type and product. We strive to identify potential problem loans as early as possible, to record charge-offs or write-downs as appropriate and to maintain adequate allowances for loan and lease losses that are inherent in the loan and lease portfolio.

Interest rate risk management. Interest rate risk (IRR) results principally from assets and liabilities maturing or repricing at different points in time, from assets and liabilities repricing at the same point in time but in different amounts and from short-term and long-term interest rates changing in different magnitudes.

We assess our short term interest rate risk by forecasting net interest income under various interest rate scenarios and comparing those results to forecast net interest income assuming stable rates. Rate shock scenarios represent an instantaneous and parallel shift in rates, up or down, from a base yield curve. Due to the existence of contractual floors on certain loans, competitive pressures that constrain our ability to reduce deposit interest rates and the extraordinarily low current level of interest rates, it is unlikely that the rates on most interest-earning assets and interest-bearing liabilities can decline materially from current levels. Our shock projections incorporate assumptions of likely customer migration of short-term deposit instruments to long-term, higher rate instruments as rates rise. Various other IRR scenarios are modeled to supplement shock

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scenarios. This may include interest rate ramps, changes in the shape of the yield curve and changes in the relationships of FCB rates to market rates.

Table 12 provides the impact on net interest income resulting from various interest rate scenarios as of March 31, 2014 and December 31, 2013.

Table 12

NET INTEREST INCOME SENSITIVITY SIMULATION ANALYSIS

	Estimated increase (decrease) in net interest income
Change in interest rate (basis point)	March 31, 2014		December 31, 2013
+100	2.77	%	2.95	%
+200	4.37		4.56
+300	3.66		3.62

Long-term interest rate risk exposure is measured using the economic value of equity (EVE) sensitivity analysis to study the impact of long-term cash flows on earnings and capital. EVE involves discounting present values of all cash flows of balance sheet items under different interest rate scenarios. EVE represents the difference between the sum of the present value of all asset cash flows and the sum of the present value of the liability cash flows. Cash flows will vary by interest rate scenario, resulting in variations in EVE. The amount of base-case measurement and its sensitivity to shifts in the yield curve allow management to measure longer-term repricing and option risk in the balance sheet. Table 13 presents the EVE profile as of March 31, 2014 and December 31, 2013.

Table 13

ECONOMIC VALUE OF EQUITY MODELING ANALYSIS

	Estimated increase (decrease) in EVE
Change in interest rate (basis point)	March 31, 2014		December 31, 2013
+100	1.46	%	2.68	%
+200	0.53		0.70
+300	(2.19	)	(3.05	)

We do not typically utilize interest rate swaps, floors, collars or other derivative financial instruments to attempt to hedge our overall balance sheet rate sensitivity and interest rate risk. However, we have entered into an interest rate swap to synthetically convert the variable rate on $93.5 million of junior subordinated debentures to a fixed rate of 5.50 percent through June 2016. The interest rate swap qualifies as a hedge under GAAP. See Note L "Derivative" in the Notes to Consolidated Financial Statements for additional discussion of this interest rate swap.

Liquidity risk management. Liquidity risk is the risk that an institution is unable to generate or obtain sufficient cash or its equivalents on a cost-effective basis to meet commitments as they fall due. The most common sources of liquidity risk arise from mismatches in the timing and value of on-balance sheet and off-balance sheet cash inflows and outflows. In general, on-balance sheet mismatches generate liquidity risk when the effective maturity of assets exceeds the effective maturity of liabilities. A commonly cited example of a balance sheet liquidity mismatch is when long-term loans (assets) are funded with short-term deposits (liabilities). Other forms of liquidity risk include market constraints on the ability to convert assets into cash at expected levels, an inability to access funding sources at sufficient levels at a reasonable cost, and changes in economic conditions or exposure to credit, market, operation, legal and reputation risks that can affect an institution’s liquidity risk profile.

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We utilize various limit-based measures to monitor, measure and control liquidity risk across three different types of liquidity:

• Tactical liquidity measures the risk of a negative cash flow position whereby cash outflows exceed cash inflows over a short-term horizon out to nine weeks;

• Structural liquidity measures the amount by which illiquid assets are supported by long-term funding; and

• Contingent liquidity utilizes cash flow stress testing across three crisis scenarios to determine the adequacy of our liquidity.

We aim to maintain a diverse mix of existing and potential liquidity sources to support the liquidity management function. At its core is a reliance on the retail deposit book, due to the generally stable balances and low cost it offers. Other sources of liquidity include asset-based liquidity in the form of cash and unencumbered securities, as well as access to wholesale funding from external counterparties, primarily FHLB advances and Federal Funds lines. We aim to avoid funding concentrations by diversifying our external funding with respect to maturities, counterparties and nature (i.e. secured versus unsecured).

One of our principal sources of noncore funding is advances from the FHLB of Atlanta. Outstanding FHLB advances equaled $275.3 million as of March 31, 2014, and we had sufficient collateral pledged to secure $1.03 billion of additional borrowings. Additionally, we maintain Federal Funds lines and other borrowing facilities. At March 31, 2014, BancShares had access to $665.0 million in unsecured borrowings through various sources.

Free liquidity includes cash on deposit at various banks, overnight investments and the unpledged portion of investment securities available for sale, all of which can be easily converted to cash. Free liquidity totaled $3.94 billion at March 31, 2014 compared to $3.39 billion at December 31, 2013 and $3.13 billion at March 31, 2013.

NONPERFORMING ASSETS

Nonperforming assets include nonaccrual loans and leases and OREO resulting from both acquired and originated loans. At March 31, 2014, BancShares’ nonperforming assets amounted to $185.4 million, or 1.37 percent, of total loans and leases plus OREO, compared to $165.6 million, or 1.25 percent, at December 31, 2013.

Acquired nonaccrual loans equaled $52.1 million as of March 31, 2014, compared to $28.5 million at December 31, 2013, an increase due to one large commercial loan being placed on nonaccrual in the first quarter of 2014. Originated nonaccrual loans decreased $6.2 million from December 31, 2013 to $47.0 million at March 31, 2014, due to lower nonaccrual commercial mortgage and commercial and industrial loans.

At March 31, 2014, total OREO was $86.4 million, compared to $84.0 million at December 31, 2013. OREO includes foreclosed property and branch facilities that we have closed but not sold. Noncovered OREO totaled $44.5 million at March 31, 2014, compared to $36.9 million at December 31, 2013.

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Table 14

NONPERFORMING ASSETS

	2014		2013
	First		Fourth		Third		Second		First
(Dollars in thousands)	Quarter		Quarter		Quarter		Quarter		Quarter
Risk Elements
Nonaccrual loans and leases:
Acquired	$	52,108	$	28,493	$	29,194	$	46,892	$	43,882
Originated	46,952		53,170		66,840		69,133		82,583
Other real estate:
Covered under loss share agreements	41,855		47,081		58,769		84,833		101,901
Not covered under loss share agreements	44,504		36,898		40,338		36,942		44,828
Total nonperforming assets	$	185,419	$	165,642	$	195,141	$	237,800	$	273,194
Nonperforming assets:
Acquired covered	$	93,963	$	75,574	$	87,963	$	131,725	$	145,783
Acquired not covered	10,664		—		—		—		—
Originated	80,792		90,068		107,178		106,075		127,411
Total nonperforming assets	$	185,419	$	165,642	$	195,141	$	237,800	$	273,194
Accruing loans and leases greater than 90 days past due:
Acquired	$	137,102	$	193,892	$	205,847	$	253,935	$	278,687
Originated	9,471		8,784		9,363		11,187		12,301

Nonperforming assets to total loans and leases plus other real estate:
Acquired covered	9.34	%	7.02	%	7.05	%	8.62	%	8.46	%
Acquired not covered	3.36		—		—		—		—
Originated	0.66		0.74		0.90		0.91		1.10
Total	1.37		1.25		1.48		1.80		2.06

TROUBLED DEBT RESTRUCTURINGS

Troubled debt restructurings (TDRs) are selectively made to provide relief to customers experiencing liquidity challenges or other circumstances that could affect their ability to meet their debt obligations. Typical modifications include short-term deferral of interest or modification of payment terms. Nonperforming TDRs are not accruing interest and are included as nonperforming assets within nonaccrual loans and leases. TDRs, which are accruing interest based on the restructured terms, are considered performing.

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Table 15

TROUBLED DEBT RESTRUCTURINGS

(Dollars in thousands)	March 31, 2014		December 31, 2013		March 31, 2013
Accruing TDRs:
Acquired	$	105,642	$	90,829	$	156,862
Originated	93,016		85,126		85,621
Total accruing TDRs	198,658		175,955		242,483
Nonaccruing TDRs:
Acquired	11,626		11,479		25,549
Originated	20,717		19,322		52,610
Total nonaccruing TDRs	32,343		30,801		78,159
All TDRs:
Acquired	117,268		102,308		182,411
Originated	113,733		104,448		138,231
Total TDRs	$	231,001	$	206,756	$	320,642

ALLOWANCE FOR LOAN AND LEASE LOSSES

At March 31, 2014, the allowance for loan and lease losses allocated to originated loans totaled $177.9 million, or 1.46 percent, of originated loans and leases compared to $179.9 million, or 1.49 percent, at December 31, 2013.An additional allowance of $45.0 million relates to acquired loans at March 31, 2014, compared to $53.5 million at December 31, 2013.

Management considers the allowance adequate to absorb estimated inherent losses that relate to loans and leases outstanding at March 31, 2014, although future adjustments may be necessary based on changes in economic conditions and other factors. In addition, various regulatory agencies, as an integral part of their examination process, periodically review the allowance for loan and lease losses. Such agencies may require adjustments to the allowance based on information available to them at the time of their examination.

The provision for originated loan and lease losses recorded during the first quarter of 2014 equaled $0.4 million compared to $4.0 million during the first quarter of 2013. The reduction in provision for originated loans and leases was primarily the result of lower charge-offs and improved credit quality.

During the first quarter of 2014, we recorded a credit to provision expense of $2.3 million for acquired loans compared to a credit of $22.6 million recorded during the first quarter of 2013, the result of payoffs of acquired loans and nonrecurring adjustments.

Net charge-offs for originated loans equaled $2.3 million during the first quarter of 2014, compared to $6.5 million during the first quarter of 2013. On an annualized basis, net charge-offs represented 0.08 percent of average originated loans and leases during the first quarter of 2014 compared to 0.23 percent during the first quarter of 2013. Net charge-offs on acquired loans equaled $6.3 million in the first quarter of 2014 compared to $20.9 million recorded in the first quarter of 2013. Loss estimates for most acquired loans are made at the individual loan level using loan-specific information. Therefore, fluctuations in charge-off levels on acquired loans are indicative of updated cash flow information but are not indicative of future performance of other acquired loans.

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Table 16 provides details concerning the allowance for loan and lease losses during the past five quarters.

Table 16

ALLOWANCE FOR LOAN AND LEASE LOSSES (ALLL)

	2014			2013
	First			Fourth			Third			Second			First
(Dollars in thousands)	Quarter			Quarter			Quarter			Quarter			Quarter
ALLL at beginning of period	$	233,394		$	237,799		$	258,316		$	273,019		$	319,018
Reclassification of reserve due to implementation of enhanced model (1)	—			—			—			7,368			—
Provision (credit) for loan and lease losses:
Acquired loans	(2,273		)	(834		)	(12,615		)	(15,473		)	(22,622		)
Originated loans	370			8,110			4,932			2,231			4,016
Net charge-offs of loans and leases:
Charge-offs	(10,676		)	(13,494		)	(14,628		)	(10,960		)	(28,944		)
Recoveries	2,127			1,813			1,794			2,131			1,551
Net charge-offs of loans and leases	(8,549		)	(11,681		)	(12,834		)	(8,829		)	(27,393		)
ALLL at end of period	$	222,942		$	233,394		$	237,799		$	258,316		$	273,019
ALLL at end of period allocated to loans and leases:
Acquired	$	44,993		$	53,520		$	59,517		$	76,534		$	96,473
Originated	177,949			179,874			178,282			181,782			176,546
ALLL at end of period	$	222,942		$	233,394		$	237,799		$	258,316		$	273,019
Net charge-offs of loans and leases:
Acquired	$	6,254		$	5,163		$	4,402		$	4,466		$	20,877
Originated	2,295			6,518			8,432			4,363			6,516
Total net charge-offs	$	8,549		$	11,681		$	12,834		$	8,829		$	27,393
Reserve for unfunded commitments (1)	$	324		$	357		$	375		$	376		$	7,744
Average loans and leases:
Acquired	$	1,282,816		$	1,086,469		$	1,310,010		$	1,535,796		$	1,697,776
Originated	12,177,129			12,002,167			11,801,700			11,631,784			11,592,052
Loans and leases at period-end:
Acquired	1,270,818			1,029,426			1,188,281			1,443,336			1,621,327
Originated	12,200,226			12,104,298			11,884,585			11,655,469			11,509,080

Ratios
Net charge-offs (annualized) to average loans and leases:
Acquired	1.98	%	1.89	%	1.33	%	1.17	%	4.99	%
Originated	0.08		0.22		0.28		0.15		0.23
ALLL to total loans and leases:
Acquired	3.54		5.20		5.01		5.30		5.95
Originated	1.46		1.49		1.50		1.56		1.53

⁽¹⁾ During the second quarter of 2013, BancShares enhanced its ALLL model that included estimated losses on unfunded commitments. As a result of these modifications, $7.4 million of the balance previously reported as a reserve of unfunded commitments was reclassified to the ALLL.

FORWARD-LOOKING STATEMENTS

Statements in this Report and exhibits relating to plans, strategies, economic performance and trends, projections of results of specific activities or investments, expectations or beliefs about future events or results and other statements that are not descriptions of historical facts may be forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995, Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934.

Forward-looking information is inherently subject to risks and uncertainties, and actual results could differ materially from those currently anticipated due to a number of factors which include, but are not limited to, factors discussed in our Annual Report on Form 10-K and in other documents filed by us from time to time with the Securities and Exchange Commission.

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Forward-looking statements may be identified by terms such as “may,” “will,” “should,” “could,” “expects,” “plans,” “intends,” “anticipates,” “believes,” “estimates,” “predicts,” “forecasts,” “projects,” “potential” or “continue,” or similar terms or the negative of these terms, or other statements concerning opinions or judgments of BancShares’ management about future events.

Factors that could influence the accuracy of those forward-looking statements include, but are not limited to, the financial success or changing strategies of our customers, customer acceptance of our services, products and fee structure, the competitive nature of the financial services industry, our ability to compete effectively against other financial institutions in our banking markets, actions of government regulators, the level of market interest rates and our ability to manage our interest rate risk, changes in general economic conditions that affect our loan and lease portfolio, the abilities of our borrowers to repay their loans and leases, the values of real estate and other collateral, the impact of the FDIC-assisted transactions and other developments or changes in our business that we do not expect.

Actual results may differ materially from those expressed in or implied by any forward-looking statements. Except to the extent required by applicable law or regulation, BancShares undertakes no obligation to revise or update publicly any forward-looking statements for any reason.

Item 3. Quantitative and Qualitative Disclosures about Market Risk

Market risk is the potential economic loss resulting from changes in market prices and interest rates. This risk can either result in diminished current fair values of financial instruments or reduced net interest income in future periods. As of March 31, 2014, BancShares’ market risk profile has not changed significantly from December 31, 2013, as discussed in the Form 10-K. Changes in fair value that result from movement in market rates cannot be predicted with any degree of certainty. Therefore, the impact that future changes in market rates will have on the fair values of financial instruments is uncertain.

Item 4. Controls and Procedures

BancShares' management, with the participation of its Chief Executive Officer and Chief Financial Officer, has evaluated the effectiveness of the design and operation of BancShares' disclosure controls and procedures as of the end of the period covered by this Quarterly Report, in accordance with Rule 13a-15 of the Securities Exchange Act of 1934 (Exchange Act). Based upon that evaluation, as of the end of the period covered by this report, the Chief Executive Officer and the Chief Financial Officer concluded that BancShares' disclosure controls and procedures were effective to provide reasonable assurance that it is able to record, process, summarize and report in a timely manner the information required to be disclosed in the reports it files under the Exchange Act.

No change in BancShares' internal control over financial reporting occurred during the first quarter of 2014 that had materially affected or is reasonably likely to materially affect, BancShares' internal control over financial reporting.

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PART II

Item 1. Legal Proceedings

BancShares and various subsidiaries have been named as defendants in various legal actions arising from our normal business activities in which damages in various amounts are claimed. Although the amount of any ultimate liability with respect to those other matters cannot be determined, in the opinion of management, any such liability will not have a material effect on BancShares’ consolidated financial statements.

Additional information relating to legal proceedings is set forth in Note J of BancShares' Notes to Unaudited Consolidated Financial Statements.

Item 1A. Risk Factors

There have been no material changes from the risk factors previously disclosed in our Form 10-K for the year ended December 31, 2013. Certain information security risks continue to receive attention from regulators and financial statement users and therefore have been included in the 10-Q.

Additional risks and uncertainties that are not currently known or that management does not currently deem to be material could also have a material adverse impact on our financial condition, the results of our operations or our business. If such risks and uncertainties were to become reality or the likelihood of those risks were to increase, the market price of our common stock could decline significantly.

We are subject to information security risks

We maintain and transmit large amounts of sensitive information electronically, including personal and financial information of our customers. In addition to our own systems, we also rely on external vendors to provide certain services and are, therefore, exposed to their information security risk. While we seek to mitigate internal and external information security risks, the volume of business conducted through electronic devices continues to grow, and our computer systems and network infrastructure, as well as the systems of external vendors and customers, present security risks and could be susceptible to hacking or identity theft.

We are also subject to risks arising from a broad range of attacks by doing business on the Internet, which arise from both domestic and international sources and seek to obtain customer information for fraudulent purposes or, in some cases, to disrupt business activities. Information security risks could result in reputational damage and lead to a material adverse impact on our business, financial condition and financial results of operations.

We continue to encounter technological change for which we expect to incur significant expense

The financial services industry continues to experience an increase in technological complexity required to provide a competitive array of products and services to customers. Our future success requires that we maintain technology and associated facilities that will support our ability to provide products and services that satisfactorily meet the banking and other financial needs of our customers. In 2013, we undertook projects to modernize our systems and associated facilities, strengthen our business continuity and disaster recovery efforts and reduce operational risk. The projects will be implemented in phases over the next several years. The magnitude and scope of these projects is significant with total costs estimated to exceed $100 million. If the projects’ objectives are not achieved or if the cost of the projects is materially in excess of the estimate, our business, financial condition and financial results could be adversely impacted.

We rely on external vendors

Third party vendors provide key components of our business infrastructure, including certain data processing and information services. A number of our vendors are large national entities with dominant market presence in their respective fields, and their services could be difficult to quickly replace in the event of failure or other interruption in service. Failures of certain vendors to provide services for any reason could adversely affect our ability to deliver products and services to our customers. External vendors also present information security risk. We monitor vendor risks, including the financial stability of critical vendors. The failure of a critical external vendor could disrupt our business and cause us to incur significant expense.

60

Item 2. Unregistered Sales of Equity Securities and Use of Proceeds

PURCHASES OF COMMON STOCK

During the second quarter of 2013, our board granted authority to purchase up to 100,000 and 25,000 shares of Class A and Class B common stock, respectively, beginning on July 1, 2013 and continuing through June 30, 2014. As of March 31, 2014, no purchases had occurred pursuant to that authorization.

Item 6. Exhibits

3.1	Restated Certificate of Incorporation, as amended effective April 30, 2014 (incorporated by reference from Registrant's Form 8-K dated April 29, 2014)
31.1	Certification of Chief Executive Officer (filed herewith)
31.2	Certification of Chief Financial Officer (filed herewith)
32.1	Certification of Chief Executive Officer (filed herewith)
32.2	Certification of Chief Financial Officer (filed herewith)
101.INS	XBRL Instance Document
101.SCH	XBRL Taxonomy Extension Schema
101.CAL	XBRL Taxonomy Extension Calculation Linkbase
101.DEF	XBRL Taxonomy Extension Definition Linkbase
101.LAB	XBRL Taxonomy Extension Label Linkbase
101.PRE	XBRL Taxonomy Extension Presentation Linkbase

61

SIGNATURES

Pursuant to the requirements of the Securities Exchange Act of 1934, the Registrant has duly caused this report to be signed on its behalf by the undersigned thereunto duly authorized.

Date:	May 7, 2014		FIRST CITIZENS BANCSHARES, INC.
			(Registrant)
		By:	/s/ GLENN D. MCCOY
			Glenn D. McCoy
			Vice President and Chief Financial Officer

62

EX-31.1

Exhibit 31.1

CERTIFICATION

I, Frank B. Holding, Jr., certify that:

1. I have reviewed this Quarterly Report on Form 10-Q of First Citizens BancShares, Inc.;

2. Based on my knowledge, this report does not contain any untrue statement of a material fact or omit to state a material fact necessary to make the statements made, in light of the circumstances under which such statements were made, not misleading with respect to the period covered by this report;

3. Based on my knowledge, the financial statements, and other financial information included in this report, fairly present in all material respects the financial condition, results of operations and cash flows of the registrant as of, and for, the periods presented in this report;

4. The registrant’s other certifying officer and I are responsible for establishing and maintaining disclosure controls and procedures (as defined in Exchange Act Rules 13a-15(e) and 15d-15(e)) and internal control over financial reporting (as defined in Exchange Act Rules 13a-15(f) and 15d-15(f)) for the registrant and have:

(a)Designed such disclosure controls and procedures, or caused such disclosure controls and procedures to be designed under our supervision, to ensure that material information relating to the registrant, including its consolidated subsidiaries, is made known to us by others within those entities, particularly during the period in which this report is being prepared;

(b)Designed such internal control over financial reporting, or caused such internal control over financial reporting to be designed under our supervision, to provide reasonable assurance regarding the reliability of financial reporting and the preparation of financial statements for external purposes in accordance with generally accepted accounting principles;

(c)Evaluated the effectiveness of the registrant’s disclosure controls and procedures and presented in this report our conclusions about the effectiveness of the disclosure controls and procedures, as of the end of the period covered by this report based on such evaluation; and

(d)Disclosed in this report any change in the registrant’s internal control over financial reporting that occurred during the registrant’s most recent fiscal quarter (the registrant’s fourth fiscal quarter in the case of an annual report) that has materially affected, or is reasonably likely to materially affect, the registrant’s internal control over financial reporting.

5. The registrant’s other certifying officer(s) and I have disclosed, based on our most recent evaluation of internal control over financial reporting, to the registrant’s auditors and the audit committee of the registrant’s board of directors (or persons performing the equivalent functions):

(a) All significant deficiencies and material weaknesses in the design or operation of internal control over financial reporting which are reasonably likely to adversely affect the registrant’s ability to record, process, summarize and report financial information; and

(b) Any fraud, whether or not material, that involves management or other employees who have a significant role in the registrant’s internal control over financial reporting.

Date: May 7, 2014

/s/ Frank B. Holding, Jr.

Frank B. Holding, Jr.

Chief Executive Officer

EX-31.2

Exhibit 31.2

CERTIFICATION

I, Glenn D. McCoy, certify that:

1. I have reviewed this Quarterly Report on Form 10-Q of First Citizens BancShares, Inc.;

2. Based on my knowledge, this report does not contain any untrue statement of a material fact or omit to state a material fact necessary to make the statements made, in light of the circumstances under which such statements were made, not misleading with respect to the period covered by this report;

3. Based on my knowledge, the financial statements, and other financial information included in this report, fairly present in all material respects the financial condition, results of operations and cash flows of the registrant as of, and for, the periods presented in this report;

4. The registrant’s other certifying officer and I are responsible for establishing and maintaining disclosure controls and procedures (as defined in Exchange Act Rules 13a-15(e) and 15d-15(e)) and internal control over financial reporting (as defined in Exchange Act Rules 13a-15(f) and 15d-15(f)) for the registrant and have:

(a)Designed such disclosure controls and procedures, or caused such disclosure controls and procedures to be designed under our supervision, to ensure that material information relating to the registrant, including its consolidated subsidiaries, is made known to us by others within those entities, particularly during the period in which this report is being prepared;

(b)Designed such internal control over financial reporting, or caused such internal control over financial reporting to be designed under our supervision, to provide reasonable assurance regarding the reliability of financial reporting and the preparation of financial statements for external purposes in accordance with generally accepted accounting principles;

(c)Evaluated the effectiveness of the registrant’s disclosure controls and procedures and presented in this report our conclusions about the effectiveness of the disclosure controls and procedures, as of the end of the period covered by this report based on such evaluation; and

(d)Disclosed in this report any change in the registrant’s internal control over financial reporting that occurred during the registrant’s most recent fiscal quarter (the registrant’s fourth fiscal quarter in the case of an annual report) that has materially affected, or is reasonably likely to materially affect, the registrant’s internal control over financial reporting.

5. The registrant’s other certifying officer(s) and I have disclosed, based on our most recent evaluation of internal control over financial reporting, to the registrant’s auditors and the audit committee of the registrant’s board of directors (or persons performing the equivalent functions):

(a) All significant deficiencies and material weaknesses in the design or operation of internal control over financial reporting which are reasonably likely to adversely affect the registrant’s ability to record, process, summarize and report financial information; and

(b) Any fraud, whether or not material, that involves management or other employees who have a significant role in the registrant’s internal control over financial reporting.

Date: May 7, 2014

/s/ Glenn D. McCoy

Glenn D. McCoy

Chief Financial Officer

EX-32.1

Exhibit 32.1

CERTIFICATION

The undersigned hereby certifies that (i) the Form 10-Q filed by First Citizens BancShares, Inc. (the “Issuer”) for the period ended March 31, 2014, fully complies with the requirements of Section 13(a) or 15(d) of the Securities Exchange Act of 1934, and (ii) the information contained in that report fairly presents, in all material respects, the financial condition and results of operations of the Issuer on the dates and for the periods presented therein.

May 7, 2014

/s/ Frank B. Holding, Jr.

Frank B. Holding, Jr.

Chief Executive Officer

EX-32.2

Exhibit 32.2

CERTIFICATION

The undersigned hereby certifies that (i) the Form 10-Q filed by First Citizens BancShares, Inc. (the “Issuer”) for the period ended March 31, 2014, fully complies with the requirements of Section 13(a) or 15(d) of the Securities Exchange Act of 1934, and (ii) the information contained in that report fairly presents, in all material respects, the financial condition and results of operations of the Issuer on the dates and for the periods presented therein.

May 7, 2014

/s/ Glenn D. McCoy

Glenn D. McCoy

Chief Financial Officer

XML

Loans and Leases (Narrative) (Details) (USD $)	3 Months Ended
	Mar. 31, 2014	Dec. 31, 2013
Financing Receivable, Recorded Investment [Line Items]
Noncovered loans pledged to secure debt obligations	$ 2,570,000,000	$ 2,560,000,000
Charge off of past due business credit card loans (days)	120 days
Acquired	1,270,818,000	1,029,426,000
Ungraded
Financing Receivable, Recorded Investment [Line Items]
Acquired	139,922,000	19,676,000
1st Financial | Ungraded
Financing Receivable, Recorded Investment [Line Items]
Acquired	$ 122,200,000

XML

Estimated Fair Values (Narrative) (Details) (USD $) In Thousands, unless otherwise specified	Mar. 31, 2014	Dec. 31, 2013
Estimated Fair Values [Line Items]
Total investment securities available for sale, fair value	$ 5,676,237	$ 5,387,703
Liability transfers between Level 1 and Level 2	0
Asset transfers between Level 1 and Level 2	0
Liability transfers between Level 2 and Level 1	0
Asset transfers between Level 2 and Level 1	0
Fair Value, Measurements, Recurring
Estimated Fair Values [Line Items]
Liability measured at fair value on nonrecurring basis	0	0
Fair Value, Measurements, Recurring | Fair Value, Inputs, Level 3
Estimated Fair Values [Line Items]
Total investment securities available for sale, fair value	0	0
Fair Value, Measurements, Recurring | Fair Value
Estimated Fair Values [Line Items]
Total investment securities available for sale, fair value	$ 5,676,237	$ 5,387,703
Minimum
Estimated Fair Values [Line Items]
Discounts for collateral value estimates due to estimated holding and selling costs (percent)	10.00%
Maximum
Estimated Fair Values [Line Items]
Discounts for collateral value estimates due to estimated holding and selling costs (percent)	14.00%

XML

Allowance for Loan and Lease Losses (Allocation of Allowance for Loan and Lease Losses) (Details) (USD $)	3 Months Ended
	Mar. 31, 2014	Mar. 31, 2013	Dec. 31, 2013
Financing Receivable, Allowance for Credit Losses [Line Items]
Allowance for loan and lease losses	$ 222,942,000		$ 233,394,000
Originated Loans
Financing Receivable, Allowance for Credit Losses [Line Items]
Unpaid principal balance	133,101,000		145,485,000
ALLL for loans and leases individually evaluated for impairment	9,495,000		10,161,000
Financing Receivable, Individually Evaluated for Impairment	123,067,000		132,146,000
Average balance	131,647,000	161,014,000
Interest income recognized	1,513,000	2,123,000
Originated Loans | Commercial | Construction and land development
Financing Receivable, Allowance for Credit Losses [Line Items]
Unpaid principal balance	3,294,000		7,306,000
ALLL for loans and leases individually evaluated for impairment	144,000		103,000
Financing Receivable, Individually Evaluated for Impairment	2,329,000		2,272,000
Average balance	1,031,000	9,284,000
Interest income recognized	15,000	112,000
Originated Loans | Commercial | Mortgage
Financing Receivable, Allowance for Credit Losses [Line Items]
Unpaid principal balance	94,950,000		103,522,000
ALLL for loans and leases individually evaluated for impairment	6,400,000		6,873,000
Financing Receivable, Individually Evaluated for Impairment	88,987,000		97,111,000
Average balance	94,547,000	103,848,000
Interest income recognized	1,120,000	1,425,000
Originated Loans | Commercial | Other commercial real estate
Financing Receivable, Allowance for Credit Losses [Line Items]
Unpaid principal balance	2,027,000		2,279,000
ALLL for loans and leases individually evaluated for impairment	203,000		209,000
Financing Receivable, Individually Evaluated for Impairment	1,627,000		1,878,000
Average balance	1,796,000	3,179,000
Interest income recognized	21,000	45,000
Originated Loans | Commercial | Commercial and industrial
Financing Receivable, Allowance for Credit Losses [Line Items]
Unpaid principal balance	10,055,000		10,393,000
ALLL for loans and leases individually evaluated for impairment	769,000		771,000
Financing Receivable, Individually Evaluated for Impairment	8,804,000		9,300,000
Average balance	10,234,000	18,997,000
Interest income recognized	118,000	266,000
Originated Loans | Commercial | Lease financing
Financing Receivable, Allowance for Credit Losses [Line Items]
Unpaid principal balance	393,000		188,000
ALLL for loans and leases individually evaluated for impairment	13,000		54,000
Financing Receivable, Individually Evaluated for Impairment	393,000		188,000
Average balance	284,000	355,000
Interest income recognized	4,000	6,000
Originated Loans | Commercial | Other
Financing Receivable, Allowance for Credit Losses [Line Items]
ALLL for loans and leases individually evaluated for impairment	0		0
Financing Receivable, Individually Evaluated for Impairment	0		0
Originated Loans | Noncommerical | Mortgage
Financing Receivable, Allowance for Credit Losses [Line Items]
Unpaid principal balance	16,026,000		15,939,000
ALLL for loans and leases individually evaluated for impairment	1,418,000		1,586,000
Financing Receivable, Individually Evaluated for Impairment	15,626,000		15,539,000
Average balance	16,482,000	17,330,000
Interest income recognized	174,000	228,000
Originated Loans | Noncommerical | Construction and land development
Financing Receivable, Allowance for Credit Losses [Line Items]
Unpaid principal balance	699,000		1,108,000
ALLL for loans and leases individually evaluated for impairment	77,000		72,000
Financing Receivable, Individually Evaluated for Impairment	699,000		1,108,000
Average balance	2,322,000	866,000
Interest income recognized	29,000	11,000
Originated Loans | Noncommerical | Revolving mortgage
Financing Receivable, Allowance for Credit Losses [Line Items]
Unpaid principal balance	4,618,000		3,596,000
ALLL for loans and leases individually evaluated for impairment	353,000		372,000
Financing Receivable, Individually Evaluated for Impairment	3,587,000		3,596,000
Average balance	3,892,000	5,472,000
Interest income recognized	27,000	25,000
Originated Loans | Noncommerical | Consumer
Financing Receivable, Allowance for Credit Losses [Line Items]
Unpaid principal balance	1,039,000		1,154,000
ALLL for loans and leases individually evaluated for impairment	118,000		121,000
Financing Receivable, Individually Evaluated for Impairment	1,015,000		1,154,000
Average balance	1,059,000	1,683,000
Interest income recognized	5,000	5,000
Originated Loans | With A Recorded Allowance
Financing Receivable, Allowance for Credit Losses [Line Items]
Total impaired noncovered loans and leases	82,285,000		83,678,000
Originated Loans | With A Recorded Allowance | Commercial | Construction and land development
Financing Receivable, Allowance for Credit Losses [Line Items]
Allowance for loan and lease losses	1,646,000		1,025,000
Originated Loans | With A Recorded Allowance | Commercial | Mortgage
Financing Receivable, Allowance for Credit Losses [Line Items]
Allowance for loan and lease losses	57,568,000		57,819,000
Originated Loans | With A Recorded Allowance | Commercial | Other commercial real estate
Financing Receivable, Allowance for Credit Losses [Line Items]
Allowance for loan and lease losses	755,000		783,000
Originated Loans | With A Recorded Allowance | Commercial | Commercial and industrial
Financing Receivable, Allowance for Credit Losses [Line Items]
Allowance for loan and lease losses	6,530,000		7,197,000
Originated Loans | With A Recorded Allowance | Commercial | Lease financing
Financing Receivable, Allowance for Credit Losses [Line Items]
Allowance for loan and lease losses	238,000		133,000
Originated Loans | With A Recorded Allowance | Noncommerical | Mortgage
Financing Receivable, Allowance for Credit Losses [Line Items]
Allowance for loan and lease losses	10,624,000		11,534,000
Originated Loans | With A Recorded Allowance | Noncommerical | Construction and land development
Financing Receivable, Allowance for Credit Losses [Line Items]
Allowance for loan and lease losses	699,000		651,000
Originated Loans | With A Recorded Allowance | Noncommerical | Revolving mortgage
Financing Receivable, Allowance for Credit Losses [Line Items]
Allowance for loan and lease losses	3,210,000		3,382,000
Originated Loans | With A Recorded Allowance | Noncommerical | Consumer
Financing Receivable, Allowance for Credit Losses [Line Items]
Allowance for loan and lease losses	1,015,000		1,154,000
Originated Loans | With No Recorded Allowance
Financing Receivable, Allowance for Credit Losses [Line Items]
Allowance for loan and lease losses	40,782,000		48,468,000
Originated Loans | With No Recorded Allowance | Commercial | Construction and land development
Financing Receivable, Allowance for Credit Losses [Line Items]
Allowance for loan and lease losses	683,000		1,247,000
Originated Loans | With No Recorded Allowance | Commercial | Mortgage
Financing Receivable, Allowance for Credit Losses [Line Items]
Allowance for loan and lease losses	31,419,000		39,292,000
Originated Loans | With No Recorded Allowance | Commercial | Other commercial real estate
Financing Receivable, Allowance for Credit Losses [Line Items]
Allowance for loan and lease losses	872,000		1,095,000
Originated Loans | With No Recorded Allowance | Commercial | Commercial and industrial
Financing Receivable, Allowance for Credit Losses [Line Items]
Allowance for loan and lease losses	2,274,000		2,103,000
Originated Loans | With No Recorded Allowance | Commercial | Lease financing
Financing Receivable, Allowance for Credit Losses [Line Items]
Allowance for loan and lease losses	155,000		55,000
Originated Loans | With No Recorded Allowance | Noncommerical | Mortgage
Financing Receivable, Allowance for Credit Losses [Line Items]
Allowance for loan and lease losses	5,002,000		4,005,000
Originated Loans | With No Recorded Allowance | Noncommerical | Construction and land development
Financing Receivable, Allowance for Credit Losses [Line Items]
Allowance for loan and lease losses	0		457,000
Originated Loans | With No Recorded Allowance | Noncommerical | Revolving mortgage
Financing Receivable, Allowance for Credit Losses [Line Items]
Allowance for loan and lease losses	377,000		214,000
Originated Loans | With No Recorded Allowance | Noncommerical | Consumer
Financing Receivable, Allowance for Credit Losses [Line Items]
Allowance for loan and lease losses	0		0
Acquired Loans
Financing Receivable, Allowance for Credit Losses [Line Items]
Acquired loans which have adverse change in expected cash flows	$ 382,600,000		$ 459,900,000

XML

Estimated Fair Values (Assets And Liabilities Carried At Fair Value On A Recurring Basis) (Details) (USD $) In Thousands, unless otherwise specified	Mar. 31, 2014	Dec. 31, 2013
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Investment securities available for sale	$ 5,676,237	$ 5,387,703
Fair Value, Measurements, Recurring | Fair Value
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Investment securities available for sale	5,676,237	5,387,703
Interest rate swaps accounted for as cash flow hedges	6,501	7,220
Fair Value, Measurements, Recurring | Quoted Prices in Active Markets for Identical Assets and Liabilities (Level 1 Inputs)
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Investment securities available for sale	0	0
Interest rate swaps accounted for as cash flow hedges	0	0
Fair Value, Measurements, Recurring | Quoted Prices for Similar Assets and Liabilities (Level 2 Inputs)
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Investment securities available for sale	5,676,237	5,387,703
Interest rate swaps accounted for as cash flow hedges	6,501	7,220
Fair Value, Measurements, Recurring | Significant Unobservable Inputs (Level 3 Inputs)
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Investment securities available for sale	0	0
Interest rate swaps accounted for as cash flow hedges	0	0
Fair Value, Measurements, Recurring | U.S. Treasury | Fair Value
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Investment securities available for sale	1,273,221	373,437
Fair Value, Measurements, Recurring | U.S. Treasury | Quoted Prices in Active Markets for Identical Assets and Liabilities (Level 1 Inputs)
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Investment securities available for sale	0	0
Fair Value, Measurements, Recurring | U.S. Treasury | Quoted Prices for Similar Assets and Liabilities (Level 2 Inputs)
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Investment securities available for sale	1,273,221	373,437
Fair Value, Measurements, Recurring | U.S. Treasury | Significant Unobservable Inputs (Level 3 Inputs)
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Investment securities available for sale	0	0
Fair Value, Measurements, Recurring | Government Agency | Fair Value
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Investment securities available for sale	1,812,774	2,544,229
Fair Value, Measurements, Recurring | Government Agency | Quoted Prices in Active Markets for Identical Assets and Liabilities (Level 1 Inputs)
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Investment securities available for sale	0	0
Fair Value, Measurements, Recurring | Government Agency | Quoted Prices for Similar Assets and Liabilities (Level 2 Inputs)
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Investment securities available for sale	1,812,774	2,544,229
Fair Value, Measurements, Recurring | Government Agency | Significant Unobservable Inputs (Level 3 Inputs)
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Investment securities available for sale	0	0
Fair Value, Measurements, Recurring | Mortgage Backed Securities, Other [Member] | Fair Value
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Investment securities available for sale	2,566,666	2,446,873
Fair Value, Measurements, Recurring | Mortgage Backed Securities, Other [Member] | Quoted Prices in Active Markets for Identical Assets and Liabilities (Level 1 Inputs)
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Investment securities available for sale	0	0
Fair Value, Measurements, Recurring | Mortgage Backed Securities, Other [Member] | Quoted Prices for Similar Assets and Liabilities (Level 2 Inputs)
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Investment securities available for sale	2,566,666	2,446,873
Fair Value, Measurements, Recurring | Mortgage Backed Securities, Other [Member] | Significant Unobservable Inputs (Level 3 Inputs)
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Investment securities available for sale	0	0
Fair Value, Measurements, Recurring | Other Debt Obligations | Fair Value
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Investment securities available for sale	830	830
Fair Value, Measurements, Recurring | Other Debt Obligations | Quoted Prices in Active Markets for Identical Assets and Liabilities (Level 1 Inputs)
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Investment securities available for sale	0	0
Fair Value, Measurements, Recurring | Other Debt Obligations | Quoted Prices for Similar Assets and Liabilities (Level 2 Inputs)
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Investment securities available for sale	830	830
Fair Value, Measurements, Recurring | Other Debt Obligations | Significant Unobservable Inputs (Level 3 Inputs)
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Investment securities available for sale	0	0
Fair Value, Measurements, Recurring | Equity Securities | Fair Value
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Investment securities available for sale	22,560	22,147
Fair Value, Measurements, Recurring | Equity Securities | Quoted Prices in Active Markets for Identical Assets and Liabilities (Level 1 Inputs)
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Investment securities available for sale	0	0
Fair Value, Measurements, Recurring | Equity Securities | Quoted Prices for Similar Assets and Liabilities (Level 2 Inputs)
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Investment securities available for sale	22,560	22,147
Fair Value, Measurements, Recurring | Equity Securities | Significant Unobservable Inputs (Level 3 Inputs)
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Investment securities available for sale	0	0
Fair Value, Measurements, Recurring | State, County, Municipal | Fair Value
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Investment securities available for sale	186	187
Fair Value, Measurements, Recurring | State, County, Municipal | Quoted Prices in Active Markets for Identical Assets and Liabilities (Level 1 Inputs)
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Investment securities available for sale	0	0
Fair Value, Measurements, Recurring | State, County, Municipal | Quoted Prices for Similar Assets and Liabilities (Level 2 Inputs)
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Investment securities available for sale	186	187
Fair Value, Measurements, Recurring | State, County, Municipal | Significant Unobservable Inputs (Level 3 Inputs)
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Investment securities available for sale	$ 0	$ 0

XML

Loans and Leases (Changes In Carrying Amount Of Accretable Yield) (Details) (USD $) In Thousands, unless otherwise specified	3 Months Ended
	Mar. 31, 2014	Mar. 31, 2013
Changes in Amount of Accretable Yield [Roll Forward]
Beginning balance	$ 439,990	$ 539,564
Additions	84,295	0
Accretion	(30,200)	(79,886)
Reclassifications from (to) nonaccretable difference	6,048	(11,653)
Ending balance	490,245	485,935
Changes in expected cash flows that do not affected nonaccretable difference	$ (9,888)	$ 37,910

XML

Business Combinations (Details) (USD $)	3 Months Ended		0 Months Ended	3 Months Ended	0 Months Ended
	Mar. 31, 2014	Mar. 31, 2013	Jan. 02, 2014 1st Financial	Mar. 31, 2014 1st Financial	Jan. 02, 2014 1st Financial Minimum	Jan. 02, 2014 1st Financial Maximum	Jan. 02, 2014 1st Financial As recorded by 1st Financial	Jan. 02, 2014 1st Financial Fair value adjustments
Business Acquisition [Line Items]
Consideration transferred			$ 10,000,000
Cash and cash equivalents			28,194,000				28,194,000	0
Investment securities available for sale			237,438,000				246,890,000	(9,452,000)
Loans held for sale			1,183,000				1,183,000	0
Restricted equity securities			3,776,000				3,105,000	671,000
Loans			316,327,000				338,170,000	(21,843,000)
Less: allowance for loan losses			0				(7,796,000)	7,796,000
Premises and equipment			2,686,000				3,871,000	(1,185,000)
Other real estate owned			11,591,000				12,896,000	(1,305,000)
Intangible asset			3,780,000				0	3,780,000
Other assets			16,346,000				16,811,000	(465,000)
Total assets acquired			621,321,000				643,324,000	(22,003,000)
Noninterest-bearing			152,444,000				152,444,000	0
Interest-bearing			479,427,000				477,881,000	1,546,000
Total deposits			631,871,000				630,325,000	1,546,000
Short-term borrowings			406,000				406,000	0
Other liabilities			3,559,000				3,392,000	167,000
Total liabilities assumed			635,836,000				634,123,000	1,713,000
Net assets acquired			14,515,000
Cash paid to shareholders	18,194,000	0	(2,000,000)
Cash paid to acquire TARP securities			(8,000,000)
Goodwill recorded for 1st Financial			24,515,000
Estimated merger costs					6,000,000	7,000,000
Revenue generated				$ 6,900,000

XML

Employee Benefit Plans (Components Of Pension Expense) (Details) (Defined Benefit Pension, USD $) In Thousands, unless otherwise specified	3 Months Ended
	Mar. 31, 2014	Mar. 31, 2013
Defined Benefit Pension
Defined Benefit Plans and Other Postretirement Benefit Plans Table Text Block [Line Items]
Service cost	$ 3,381	$ 4,222
Interest cost	6,556	5,895
Expected return on assets	(7,812)	(6,931)
Amortization of prior service cost	53	53
Amortization of net actuarial loss	1,546	4,251
Total pension expense	$ 3,724	$ 7,490

XML

Loans and Leases (Tables)

3 Months Ended

Mar. 31, 2014

Loans and Leases Receivable Disclosure [Abstract]

Loans and Leases

Loans and Leases

Loans and leases outstanding, by class, include the following as of the dates indicated:

(Dollars in thousands)	March 31, 2014		December 31, 2013
Acquired loans
Commercial:
Construction and land development	$	106,670	$	78,915
Commercial mortgage	728,872		642,891
Other commercial real estate	47,826		41,381
Commercial and industrial	38,838		17,254
Other	870		866
Total commercial loans	923,076		781,307
Noncommercial:
Residential mortgage	291,254		213,851
Revolving mortgage	25,776		30,834
Construction and land development	28,151		2,583
Consumer	2,561		851
Total noncommercial loans	347,742		248,119
Total acquired loans	1,270,818		1,029,426
Originated loans and leases:
Commercial:
Construction and land development	335,271		319,847
Commercial mortgage	6,330,843		6,362,490
Other commercial real estate	177,082		178,754
Commercial and industrial	1,175,543		1,081,158
Lease financing	394,268		381,763
Other	179,725		175,336
Total commercial loans	8,592,732		8,499,348
Noncommercial:
Residential mortgage	1,030,032		982,421
Revolving mortgage	2,091,000		2,113,285
Construction and land development	119,049		122,792
Consumer	367,413		386,452
Total noncommercial loans	3,607,494		3,604,950
Total originated loans and leases	12,200,226		12,104,298
Total loans and leases	$	13,471,044	$	13,133,724

At March 31, 2014, $962.4 million in acquired loans were covered under loss share agreements, compared to $1.03 billion at December 31, 2013. The remaining acquired loans as of March 31, 2014 are from the 1st Financial merger.

At March 31, 2014, $2.57 billion in originated loans were pledged to secure debt obligations, compared to $2.56 billion at December 31, 2013.

Credit quality indicators

Loans and leases are monitored for credit quality on a recurring basis. The credit quality indicators used are dependent on the portfolio segment to which the loan relates. Originated commercial loans and leases, originated noncommercial loans and leases and acquired loans have different credit quality indicators as a result of the unique characteristics relative to each loan segment being evaluated.

The credit quality indicators for commercial loans and leases are developed through a review of individual borrowers on an ongoing basis. Each commercial loan is evaluated annually with more frequent evaluation of more severely criticized loans or leases. The credit quality indicators for noncommercial loans are based on the delinquency status of the borrower. As the borrower becomes more delinquent, the likelihood of loss increases. Acquired loans are bifurcated into commercial and noncommercial segments and credit quality indicators are assigned in the same manner as the originated portfolio. The indicators represent the rating for loans or leases as of the date presented based on the most recent assessment performed. These credit quality indicators are defined as follows:

Pass – A pass rated asset is one in which repayment is considered highly likely and there are no observable weaknesses in the asset. Such an asset does not meet any of the characteristics for adverse classification.

Special mention – A special mention asset has potential weaknesses that deserve management’s close attention. If left uncorrected, such potential weaknesses may result in deterioration of the repayment prospects or collateral position at some future date. Special mention assets are not adversely classified and do not warrant adverse classification.

Substandard – A substandard asset is inadequately protected by the current net worth and paying capacity of the borrower or of the collateral pledged, if any. Assets classified as substandard generally have a well-defined weakness, or weaknesses, that jeopardize the liquidation of the debt. These assets are characterized by the distinct possibility of loss if the deficiencies are not corrected.

Doubtful – An asset classified as doubtful has all the weaknesses inherent in an asset classified substandard with the added characteristic that the weaknesses make collection or liquidation in full highly questionable and improbable on the basis of currently existing facts, conditions and values.

Loss – Assets classified as loss are considered uncollectible and of such little value that it is inappropriate to be carried as an asset. This classification is not necessarily equivalent to no potential for recovery or salvage value, but rather that it is not appropriate to defer a full charge-off even though partial recovery may be effected in the future.

Ungraded – Ungraded loans represent loans that are not included in the individual credit grading process due to their relatively small balances or borrower type. The majority of originated, ungraded loans at March 31, 2014 and December 31, 2013 relate to business credit cards. Business credit card loans are subject to automatic charge-off when they become 120 days past due in the same manner as unsecured consumer lines of credit. The remaining balance is comprised of a small amount of commercial mortgage loans and other smaller balance consumer loans. Prior to March 31, 2014, ungraded loans also included tobacco buyout loans classified as commercial and industrial loans. Final payment from the Commodity Credit Corporation was received during January 2014 for tobacco buyout loans held by FCB. As of March 31, 2014, ungraded also includes $122.2 million of loans resulting from the 1st Financial merger.

Originated loans and leases outstanding at March 31, 2014 and December 31, 2013 by credit quality indicator are provided below:

	March 31, 2014
(Dollars in thousands)	Originated commercial loans and leases
Grade:	Construction  and land development		Commercial mortgage		Other commercial real estate		Commercial  and industrial		Lease financing		Other		Total originated commercial loans and leases
Pass	$	323,876	$	6,064,405	$	173,517	$	1,074,210	$	386,324	$	179,640	$	8,201,972
Special mention	8,442		117,436		1,302		16,777		4,233		10		148,200
Substandard	2,953		143,723		2,119		6,051		3,155		70		158,071
Doubtful	—		4,227		—		152		543		5		4,927
Ungraded	—		1,052		144		78,353		13		—		79,562
Total	$	335,271	$	6,330,843	$	177,082	$	1,175,543	$	394,268	$	179,725	$	8,592,732
	December 31, 2013
	Originated commercial loans and leases
	Construction  and land development		Commercial mortgage		Other commercial real estate		Commercial  and industrial		Lease financing		Other		Total originated commercial loans and leases
Pass	$	308,231	$	6,094,505	$	174,913	$	964,840	$	375,371	$	174,314	$	8,092,174
Special mention	8,620		119,515		1,362		14,686		2,160		982		147,325
Substandard	2,944		141,913		2,216		6,352		3,491		40		156,956
Doubtful	52		5,159		75		144		592		—		6,022
Ungraded	—		1,398		188		95,136		149		—		96,871
Total	$	319,847	$	6,362,490	$	178,754	$	1,081,158	$	381,763	$	175,336	$	8,499,348

	March 31, 2014
	Originated noncommercial loans and leases
(Dollars in thousands)	Residential mortgage		Revolving mortgage		Construction and land development		Consumer		Total originated noncommercial loans
Current	$	1,003,016	$	2,072,832	$	117,161	$	363,259	$	3,556,268
30-59 days past due	16,845		10,578		888		2,156		30,467
60-89 days past due	1,063		3,249		794		1,195		6,301
90 days or greater past due	9,108		4,341		206		803		14,458
Total	$	1,030,032	$	2,091,000	$	119,049	$	367,413	$	3,607,494
	December 31, 2013
	Originated noncommercial loans and leases
	Residential mortgage		Revolving mortgage		Construction and land development		Consumer		Total originated noncommercial loans
Current	$	955,300	$	2,095,480	$	121,026	$	382,710	$	3,554,516
30-59 days past due	12,885		10,977		1,193		2,114		27,169
60-89 days past due	4,658		2,378		317		955		8,308
90 days or greater past due	9,578		4,450		256		673		14,957
Total	$	982,421	$	2,113,285	$	122,792	$	386,452	$	3,604,950

Acquired loans and leases outstanding at March 31, 2014 and December 31, 2013 by credit quality indicator are provided below:

	March 31, 2014
(Dollars in thousands)	Acquired loans
Grade:	Construction and land development - commercial		Commercial mortgage		Other commercial real estate		Commercial and industrial		Residential mortgage		Revolving mortgage		Construction and land development - noncommercial		Consumer and other		Total acquired loans
Pass	$	14,789	$	375,245	$	28,526	$	29,918	$	131,765	$	20,240	$	32	$	1,387	$	601,902
Special mention	24,065		134,414		114		3,260		4,823		2,649		—		—		169,325
Substandard	58,374		182,540		10,473		4,686		46,044		1,891		1,716		—		305,724
Doubtful	5,101		36,040		8,713		954		1,931		911		295		—		53,945
Ungraded	4,341		633		—		20		106,691		85		26,108		2,044		139,922
Total	$	106,670	$	728,872	$	47,826	$	38,838	$	291,254	$	25,776	$	28,151	$	3,431	$	1,270,818
	December 31, 2013
	Acquired loans
	Construction and land development - commercial		Commercial mortgage		Other commercial real estate		Commercial and industrial		Residential mortgage		Revolving mortgage		Construction and land development - noncommercial		Consumer and other		Total acquired loans
Pass	$	2,619	$	296,824	$	22,225	$	8,021	$	135,326	$	26,322	$	149	$	1,345	$	492,831
Special mention	15,530		125,295		3,431		2,585		6,301		2,608		—		—		155,750
Substandard	52,228		179,657		7,012		5,225		52,774		1,013		2,139		—		300,048
Doubtful	7,436		40,471		8,713		1,257		2,058		891		295		—		61,121
Ungraded	1,102		644		—		166		17,392		—		—		372		19,676
Total	$	78,915	$	642,891	$	41,381	$	17,254	$	213,851	$	30,834	$	2,583	$	1,717	$	1,029,426

The aging of the outstanding loans and leases, by class, at March 31, 2014 and December 31, 2013 (excluding loans and leases acquired with deteriorated credit quality) is provided in the table below.

The calculation of days past due begins on the day after payment is due and includes all days through which all required interest or principal has not been paid. Loans and leases 30 days or less past due are considered current as various grace periods allow borrowers to make payments within a stated period after the due date and still remain in compliance with the loan agreement.

	March 31, 2014
(Dollars in thousands)	30-59 days past due		60-89 days past due		90 days or greater		Total past due		Current		Total loans and leases
Originated loans and leases:
Construction and land development - commercial	$	537	$	184	$	655	$	1,376	$	333,895	$	335,271
Commercial mortgage	24,451		3,934		11,248		39,633		6,291,210		6,330,843
Other commercial real estate	155		11		104		270		176,812		177,082
Commercial and industrial	3,921		488		509		4,918		1,170,625		1,175,543
Lease financing	757		323		92		1,172		393,096		394,268
Other	20		5		—		25		179,700		179,725
Residential mortgage	16,845		1,063		9,108		27,016		1,003,016		1,030,032
Revolving mortgage	10,578		3,249		4,341		18,168		2,072,832		2,091,000
Construction and land development - noncommercial	888		794		206		1,888		117,161		119,049
Consumer	2,156		1,195		803		4,154		363,259		367,413
Total originated loans and leases	$	60,308	$	11,246	$	27,066	$	98,620	$	12,101,606	$	12,200,226
	December 31, 2013
	30-59 days past due		60-89 days past due		90 days or greater		Total past due		Current		Total loans and leases
Originated loans and leases:
Construction and land development - commercial	$	1,603	$	9	$	457	$	2,069	$	317,778	$	319,847
Commercial mortgage	11,131		3,601		14,407		29,139		6,333,351		6,362,490
Other commercial real estate	139		210		470		819		177,935		178,754
Commercial and industrial	3,336		682		436		4,454		1,076,704		1,081,158
Lease financing	789		1,341		101		2,231		379,532		381,763
Other	—		85		—		85		175,251		175,336
Residential mortgage	12,885		4,658		9,578		27,121		955,300		982,421
Revolving mortgage	10,977		2,378		4,450		17,805		2,095,480		2,113,285
Construction and land development - noncommercial	1,193		317		256		1,766		121,026		122,792
Consumer	2,114		955		673		3,742		382,710		386,452
Total originated loans and leases	$	44,167	$	14,236	$	30,828	$	89,231	$	12,015,067	$	12,104,298

The recorded investment, by class, in loans and leases on nonaccrual status, and loans and leases greater than 90 days past due and still accruing at March 31, 2014 and December 31, 2013 (excluding acquired loans and leases) are as follows:

	March 31, 2014				December 31, 2013
(Dollars in thousands)	Nonaccrual loans and leases		Loans and leases > 90 days and accruing		Nonaccrual loans and leases		Loans and leases > 90 days and accruing
Originated loans and leases:
Construction and land development - commercial	$	702	$	192	$	544	$	—
Other commercial real estate	1,459		—		1,610		—
Commercial mortgage	28,910		927		33,529		1,113
Commercial and industrial	1,075		393		1,428		294
Lease financing	689		—		832		—
Residential mortgage	14,091		2,609		14,701		1,998
Revolving mortgage	—		4,341		—		4,450
Construction and land development - noncommercial	—		206		457		256
Consumer	26		803		69		673
Total originated loans and leases	$	46,952	$	9,471	$	53,170	$	8,784

Acquired Loans

The following table provides changes in the recorded investment of acquired loans during the three months ended March 31, 2014 and March 31, 2013:

(Dollars in thousands)	2014			2013
Balance at January 1	$	1,029,426		$	2,362,152
Fair value of acquired loans	316,327			—
Accretion	30,200			79,886
Payments received and other changes, net	(105,135		)	(258,169		)
Balance at March 31	$	1,270,818		$	2,183,869
Outstanding principal balance at March 31	$	1,727,492		$	3,618,722

The recorded investment of loans on the cost recovery method was $52.1 million at March 31, 2014 and $28.5 million at December 31, 2013. This increase is primarily driven by one large acquired loan relationship that was moved to cost recovery during the quarter. The cost recovery method is applied to loans when the timing of future cash flows is not reasonably estimable due to borrower nonperformance or uncertainty in the timing and amount of ultimate disposition of the asset.

The following table documents changes to the amount of accretable yield for the first three months of 2014 and 2013.

(Dollars in thousands)	2014			2013
Balance at January 1	$	439,990		$	539,564
Additions	84,295			—
Accretion	(30,200		)	(79,886		)
Reclassifications from (to) nonaccretable difference	6,048			(11,653		)
Changes in expected cash flows that do not affect nonaccretable difference	(9,888		)	37,910
Balance at March 31	$	490,245		$	485,935

Loans And Leases Outstanding

Loans and leases outstanding, by class, include the following as of the dates indicated:

(Dollars in thousands)	March 31, 2014		December 31, 2013
Acquired loans
Commercial:
Construction and land development	$	106,670	$	78,915
Commercial mortgage	728,872		642,891
Other commercial real estate	47,826		41,381
Commercial and industrial	38,838		17,254
Other	870		866
Total commercial loans	923,076		781,307
Noncommercial:
Residential mortgage	291,254		213,851
Revolving mortgage	25,776		30,834
Construction and land development	28,151		2,583
Consumer	2,561		851
Total noncommercial loans	347,742		248,119
Total acquired loans	1,270,818		1,029,426
Originated loans and leases:
Commercial:
Construction and land development	335,271		319,847
Commercial mortgage	6,330,843		6,362,490
Other commercial real estate	177,082		178,754
Commercial and industrial	1,175,543		1,081,158
Lease financing	394,268		381,763
Other	179,725		175,336
Total commercial loans	8,592,732		8,499,348
Noncommercial:
Residential mortgage	1,030,032		982,421
Revolving mortgage	2,091,000		2,113,285
Construction and land development	119,049		122,792
Consumer	367,413		386,452
Total noncommercial loans	3,607,494		3,604,950
Total originated loans and leases	12,200,226		12,104,298
Total loans and leases	$	13,471,044	$	13,133,724

Composition Of The Loans And Leases Outstanding By Credit Quality Indicator

Originated loans and leases outstanding at March 31, 2014 and December 31, 2013 by credit quality indicator are provided below:

	March 31, 2014
(Dollars in thousands)	Originated commercial loans and leases
Grade:	Construction  and land development		Commercial mortgage		Other commercial real estate		Commercial  and industrial		Lease financing		Other		Total originated commercial loans and leases
Pass	$	323,876	$	6,064,405	$	173,517	$	1,074,210	$	386,324	$	179,640	$	8,201,972
Special mention	8,442		117,436		1,302		16,777		4,233		10		148,200
Substandard	2,953		143,723		2,119		6,051		3,155		70		158,071
Doubtful	—		4,227		—		152		543		5		4,927
Ungraded	—		1,052		144		78,353		13		—		79,562
Total	$	335,271	$	6,330,843	$	177,082	$	1,175,543	$	394,268	$	179,725	$	8,592,732
	December 31, 2013
	Originated commercial loans and leases
	Construction  and land development		Commercial mortgage		Other commercial real estate		Commercial  and industrial		Lease financing		Other		Total originated commercial loans and leases
Pass	$	308,231	$	6,094,505	$	174,913	$	964,840	$	375,371	$	174,314	$	8,092,174
Special mention	8,620		119,515		1,362		14,686		2,160		982		147,325
Substandard	2,944		141,913		2,216		6,352		3,491		40		156,956
Doubtful	52		5,159		75		144		592		—		6,022
Ungraded	—		1,398		188		95,136		149		—		96,871
Total	$	319,847	$	6,362,490	$	178,754	$	1,081,158	$	381,763	$	175,336	$	8,499,348

	March 31, 2014
	Originated noncommercial loans and leases
(Dollars in thousands)	Residential mortgage		Revolving mortgage		Construction and land development		Consumer		Total originated noncommercial loans
Current	$	1,003,016	$	2,072,832	$	117,161	$	363,259	$	3,556,268
30-59 days past due	16,845		10,578		888		2,156		30,467
60-89 days past due	1,063		3,249		794		1,195		6,301
90 days or greater past due	9,108		4,341		206		803		14,458
Total	$	1,030,032	$	2,091,000	$	119,049	$	367,413	$	3,607,494
	December 31, 2013
	Originated noncommercial loans and leases
	Residential mortgage		Revolving mortgage		Construction and land development		Consumer		Total originated noncommercial loans
Current	$	955,300	$	2,095,480	$	121,026	$	382,710	$	3,554,516
30-59 days past due	12,885		10,977		1,193		2,114		27,169
60-89 days past due	4,658		2,378		317		955		8,308
90 days or greater past due	9,578		4,450		256		673		14,957
Total	$	982,421	$	2,113,285	$	122,792	$	386,452	$	3,604,950

Acquired loans and leases outstanding at March 31, 2014 and December 31, 2013 by credit quality indicator are provided below:

	March 31, 2014
(Dollars in thousands)	Acquired loans
Grade:	Construction and land development - commercial		Commercial mortgage		Other commercial real estate		Commercial and industrial		Residential mortgage		Revolving mortgage		Construction and land development - noncommercial		Consumer and other		Total acquired loans
Pass	$	14,789	$	375,245	$	28,526	$	29,918	$	131,765	$	20,240	$	32	$	1,387	$	601,902
Special mention	24,065		134,414		114		3,260		4,823		2,649		—		—		169,325
Substandard	58,374		182,540		10,473		4,686		46,044		1,891		1,716		—		305,724
Doubtful	5,101		36,040		8,713		954		1,931		911		295		—		53,945
Ungraded	4,341		633		—		20		106,691		85		26,108		2,044		139,922
Total	$	106,670	$	728,872	$	47,826	$	38,838	$	291,254	$	25,776	$	28,151	$	3,431	$	1,270,818
	December 31, 2013
	Acquired loans
	Construction and land development - commercial		Commercial mortgage		Other commercial real estate		Commercial and industrial		Residential mortgage		Revolving mortgage		Construction and land development - noncommercial		Consumer and other		Total acquired loans
Pass	$	2,619	$	296,824	$	22,225	$	8,021	$	135,326	$	26,322	$	149	$	1,345	$	492,831
Special mention	15,530		125,295		3,431		2,585		6,301		2,608		—		—		155,750
Substandard	52,228		179,657		7,012		5,225		52,774		1,013		2,139		—		300,048
Doubtful	7,436		40,471		8,713		1,257		2,058		891		295		—		61,121
Ungraded	1,102		644		—		166		17,392		—		—		372		19,676
Total	$	78,915	$	642,891	$	41,381	$	17,254	$	213,851	$	30,834	$	2,583	$	1,717	$	1,029,426

Aging Of The Outstanding Loans And Leases By Class Excluding Loans Impaired At Acquisition Date

The aging of the outstanding loans and leases, by class, at March 31, 2014 and December 31, 2013 (excluding loans and leases acquired with deteriorated credit quality) is provided in the table below.

The calculation of days past due begins on the day after payment is due and includes all days through which all required interest or principal has not been paid. Loans and leases 30 days or less past due are considered current as various grace periods allow borrowers to make payments within a stated period after the due date and still remain in compliance with the loan agreement.

	March 31, 2014
(Dollars in thousands)	30-59 days past due		60-89 days past due		90 days or greater		Total past due		Current		Total loans and leases
Originated loans and leases:
Construction and land development - commercial	$	537	$	184	$	655	$	1,376	$	333,895	$	335,271
Commercial mortgage	24,451		3,934		11,248		39,633		6,291,210		6,330,843
Other commercial real estate	155		11		104		270		176,812		177,082
Commercial and industrial	3,921		488		509		4,918		1,170,625		1,175,543
Lease financing	757		323		92		1,172		393,096		394,268
Other	20		5		—		25		179,700		179,725
Residential mortgage	16,845		1,063		9,108		27,016		1,003,016		1,030,032
Revolving mortgage	10,578		3,249		4,341		18,168		2,072,832		2,091,000
Construction and land development - noncommercial	888		794		206		1,888		117,161		119,049
Consumer	2,156		1,195		803		4,154		363,259		367,413
Total originated loans and leases	$	60,308	$	11,246	$	27,066	$	98,620	$	12,101,606	$	12,200,226
	December 31, 2013
	30-59 days past due		60-89 days past due		90 days or greater		Total past due		Current		Total loans and leases
Originated loans and leases:
Construction and land development - commercial	$	1,603	$	9	$	457	$	2,069	$	317,778	$	319,847
Commercial mortgage	11,131		3,601		14,407		29,139		6,333,351		6,362,490
Other commercial real estate	139		210		470		819		177,935		178,754
Commercial and industrial	3,336		682		436		4,454		1,076,704		1,081,158
Lease financing	789		1,341		101		2,231		379,532		381,763
Other	—		85		—		85		175,251		175,336
Residential mortgage	12,885		4,658		9,578		27,121		955,300		982,421
Revolving mortgage	10,977		2,378		4,450		17,805		2,095,480		2,113,285
Construction and land development - noncommercial	1,193		317		256		1,766		121,026		122,792
Consumer	2,114		955		673		3,742		382,710		386,452
Total originated loans and leases	$	44,167	$	14,236	$	30,828	$	89,231	$	12,015,067	$	12,104,298

Recorded Investment, By Class, In Loans And Leases On Nonaccrual Status And Loans And Leases Greater Than 90 Days Past Due And Still Accruing

The recorded investment, by class, in loans and leases on nonaccrual status, and loans and leases greater than 90 days past due and still accruing at March 31, 2014 and December 31, 2013 (excluding acquired loans and leases) are as follows:

	March 31, 2014				December 31, 2013
(Dollars in thousands)	Nonaccrual loans and leases		Loans and leases > 90 days and accruing		Nonaccrual loans and leases		Loans and leases > 90 days and accruing
Originated loans and leases:
Construction and land development - commercial	$	702	$	192	$	544	$	—
Other commercial real estate	1,459		—		1,610		—
Commercial mortgage	28,910		927		33,529		1,113
Commercial and industrial	1,075		393		1,428		294
Lease financing	689		—		832		—
Residential mortgage	14,091		2,609		14,701		1,998
Revolving mortgage	—		4,341		—		4,450
Construction and land development - noncommercial	—		206		457		256
Consumer	26		803		69		673
Total originated loans and leases	$	46,952	$	9,471	$	53,170	$	8,784

Changes In Carrying Value Of Acquired Impaired Loans

The following table provides changes in the recorded investment of acquired loans during the three months ended March 31, 2014 and March 31, 2013:

(Dollars in thousands)	2014			2013
Balance at January 1	$	1,029,426		$	2,362,152
Fair value of acquired loans	316,327			—
Accretion	30,200			79,886
Payments received and other changes, net	(105,135		)	(258,169		)
Balance at March 31	$	1,270,818		$	2,183,869
Outstanding principal balance at March 31	$	1,727,492		$	3,618,722

Changes In The Amount Of Accretable Yield

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 merger date were:

(Dollars in thousands)	January 1, 2014
Contractually required payments	$	414,233
Cash flows expected to be collected	400,622
Fair value at acquisition date	316,327

The following table documents changes to the amount of accretable yield for the first three months of 2014 and 2013.

(Dollars in thousands)	2014			2013
Balance at January 1	$	439,990		$	539,564
Additions	84,295			—
Accretion	(30,200		)	(79,886		)
Reclassifications from (to) nonaccretable difference	6,048			(11,653		)
Changes in expected cash flows that do not affect nonaccretable difference	(9,888		)	37,910
Balance at March 31	$	490,245		$	485,935

XML

Allowance for Loan and Lease Losses (Note Restructurings During Period) (Details) (USD $) In Thousands, unless otherwise specified	3 Months Ended
	Mar. 31, 2014 loans	Mar. 31, 2013 loans
Originated Loans
Financing Receivable, Modifications [Line Items]
Financing Receivable, Modifications, Number of Contracts	61	52
Financing Receivable, Modifications, Post-Modification Recorded Investment	$ 13,063	$ 10,257
Financing Receivable, Modifications, Subsequent Default, Number of Contracts	9	8
Financing Receivable, Modifications, Subsequent Default, Recorded Investment	1,315	1,856
Originated Loans | Interest Only Loan
Financing Receivable, Modifications [Line Items]
Financing Receivable, Modifications, Number of Contracts	7	1
Financing Receivable, Modifications, Post-Modification Recorded Investment	2,253	356
Financing Receivable, Modifications, Subsequent Default, Number of Contracts	2	0
Financing Receivable, Modifications, Subsequent Default, Recorded Investment	410	0
Originated Loans | Loan Term Extension
Financing Receivable, Modifications [Line Items]
Financing Receivable, Modifications, Number of Contracts	12	11
Financing Receivable, Modifications, Post-Modification Recorded Investment	3,192	2,986
Financing Receivable, Modifications, Subsequent Default, Number of Contracts	1	1
Financing Receivable, Modifications, Subsequent Default, Recorded Investment	41	483
Originated Loans | Below Market Interest Rate
Financing Receivable, Modifications [Line Items]
Financing Receivable, Modifications, Number of Contracts	28	14
Financing Receivable, Modifications, Post-Modification Recorded Investment	5,598	4,738
Financing Receivable, Modifications, Subsequent Default, Number of Contracts	4	2
Financing Receivable, Modifications, Subsequent Default, Recorded Investment	576	1,140
Originated Loans | Discharge of Debt
Financing Receivable, Modifications [Line Items]
Financing Receivable, Modifications, Number of Contracts	14	26
Financing Receivable, Modifications, Post-Modification Recorded Investment	2,020	2,177
Financing Receivable, Modifications, Subsequent Default, Number of Contracts	2	5
Financing Receivable, Modifications, Subsequent Default, Recorded Investment	288	233
Originated Loans | Commercial | Interest Only Loan | Mortgage
Financing Receivable, Modifications [Line Items]
Financing Receivable, Modifications, Number of Contracts	4	1
Financing Receivable, Modifications, Post-Modification Recorded Investment	1,911	356
Financing Receivable, Modifications, Subsequent Default, Number of Contracts	2	0
Financing Receivable, Modifications, Subsequent Default, Recorded Investment	410	0
Originated Loans | Commercial | Interest Only Loan | Commercial and industrial
Financing Receivable, Modifications [Line Items]
Financing Receivable, Modifications, Number of Contracts	1	0
Financing Receivable, Modifications, Post-Modification Recorded Investment	196	0
Financing Receivable, Modifications, Subsequent Default, Number of Contracts	0	0
Financing Receivable, Modifications, Subsequent Default, Recorded Investment	0	0
Originated Loans | Commercial | Interest Only Loan | Lease financing
Financing Receivable, Modifications [Line Items]
Financing Receivable, Modifications, Number of Contracts	2	0
Financing Receivable, Modifications, Post-Modification Recorded Investment	146	0
Financing Receivable, Modifications, Subsequent Default, Number of Contracts	0	0
Financing Receivable, Modifications, Subsequent Default, Recorded Investment	0	0
Originated Loans | Commercial | Loan Term Extension | Mortgage
Financing Receivable, Modifications [Line Items]
Financing Receivable, Modifications, Number of Contracts	5	6
Financing Receivable, Modifications, Post-Modification Recorded Investment	2,620	2,117
Financing Receivable, Modifications, Subsequent Default, Number of Contracts	0	1
Financing Receivable, Modifications, Subsequent Default, Recorded Investment	0	483
Originated Loans | Commercial | Loan Term Extension | Commercial and industrial
Financing Receivable, Modifications [Line Items]
Financing Receivable, Modifications, Number of Contracts	0	1
Financing Receivable, Modifications, Post-Modification Recorded Investment	0	186
Financing Receivable, Modifications, Subsequent Default, Number of Contracts	0	0
Financing Receivable, Modifications, Subsequent Default, Recorded Investment	0	0
Originated Loans | Commercial | Loan Term Extension | Lease financing
Financing Receivable, Modifications [Line Items]
Financing Receivable, Modifications, Number of Contracts	2	0
Financing Receivable, Modifications, Post-Modification Recorded Investment	234	0
Financing Receivable, Modifications, Subsequent Default, Number of Contracts	0	0
Financing Receivable, Modifications, Subsequent Default, Recorded Investment	0	0
Originated Loans | Commercial | Below Market Interest Rate | Construction and land development
Financing Receivable, Modifications [Line Items]
Financing Receivable, Modifications, Number of Contracts	1	0
Financing Receivable, Modifications, Post-Modification Recorded Investment	82	0
Financing Receivable, Modifications, Subsequent Default, Number of Contracts	0	0
Financing Receivable, Modifications, Subsequent Default, Recorded Investment	0	0
Originated Loans | Commercial | Below Market Interest Rate | Mortgage
Financing Receivable, Modifications [Line Items]
Financing Receivable, Modifications, Number of Contracts	12	3
Financing Receivable, Modifications, Post-Modification Recorded Investment	4,677	2,556
Financing Receivable, Modifications, Subsequent Default, Number of Contracts	1	1
Financing Receivable, Modifications, Subsequent Default, Recorded Investment	449	1,024
Originated Loans | Commercial | Below Market Interest Rate | Commercial and industrial
Financing Receivable, Modifications [Line Items]
Financing Receivable, Modifications, Number of Contracts	2	1
Financing Receivable, Modifications, Post-Modification Recorded Investment	110	17
Financing Receivable, Modifications, Subsequent Default, Number of Contracts	0	1
Financing Receivable, Modifications, Subsequent Default, Recorded Investment	0	116
Originated Loans | Commercial | Discharge of Debt | Mortgage
Financing Receivable, Modifications [Line Items]
Financing Receivable, Modifications, Number of Contracts	1	0
Financing Receivable, Modifications, Post-Modification Recorded Investment	1,003	0
Financing Receivable, Modifications, Subsequent Default, Number of Contracts	0	0
Financing Receivable, Modifications, Subsequent Default, Recorded Investment	0	0
Originated Loans | Noncommerical | Loan Term Extension | Mortgage
Financing Receivable, Modifications [Line Items]
Financing Receivable, Modifications, Number of Contracts	5	4
Financing Receivable, Modifications, Post-Modification Recorded Investment	338	683
Financing Receivable, Modifications, Subsequent Default, Number of Contracts	0	0
Financing Receivable, Modifications, Subsequent Default, Recorded Investment	0	0
Originated Loans | Noncommerical | Loan Term Extension | Consumer
Financing Receivable, Modifications [Line Items]
Financing Receivable, Modifications, Number of Contracts	0	0
Financing Receivable, Modifications, Post-Modification Recorded Investment	0	0
Financing Receivable, Modifications, Subsequent Default, Number of Contracts	1	0
Financing Receivable, Modifications, Subsequent Default, Recorded Investment	41	0
Originated Loans | Noncommerical | Below Market Interest Rate | Mortgage
Financing Receivable, Modifications [Line Items]
Financing Receivable, Modifications, Number of Contracts	8	5
Financing Receivable, Modifications, Post-Modification Recorded Investment	451	675
Financing Receivable, Modifications, Subsequent Default, Number of Contracts	3	0
Financing Receivable, Modifications, Subsequent Default, Recorded Investment	127	0
Originated Loans | Noncommerical | Below Market Interest Rate | Revolving mortgage
Financing Receivable, Modifications [Line Items]
Financing Receivable, Modifications, Number of Contracts	5	0
Financing Receivable, Modifications, Post-Modification Recorded Investment	278	0
Financing Receivable, Modifications, Subsequent Default, Number of Contracts	0	0
Financing Receivable, Modifications, Subsequent Default, Recorded Investment	0	0
Originated Loans | Noncommerical | Below Market Interest Rate | Consumer
Financing Receivable, Modifications [Line Items]
Financing Receivable, Modifications, Number of Contracts	0	5
Financing Receivable, Modifications, Post-Modification Recorded Investment	0	1,490
Financing Receivable, Modifications, Subsequent Default, Number of Contracts	0	0
Financing Receivable, Modifications, Subsequent Default, Recorded Investment	0	0
Originated Loans | Noncommerical | Discharge of Debt | Mortgage
Financing Receivable, Modifications [Line Items]
Financing Receivable, Modifications, Number of Contracts	7	2
Financing Receivable, Modifications, Post-Modification Recorded Investment	708	299
Financing Receivable, Modifications, Subsequent Default, Number of Contracts	2	0
Financing Receivable, Modifications, Subsequent Default, Recorded Investment	288	0
Originated Loans | Noncommerical | Discharge of Debt | Construction and land development
Financing Receivable, Modifications [Line Items]
Financing Receivable, Modifications, Number of Contracts	1	0
Financing Receivable, Modifications, Post-Modification Recorded Investment	62	0
Financing Receivable, Modifications, Subsequent Default, Number of Contracts	0	0
Financing Receivable, Modifications, Subsequent Default, Recorded Investment	0	0
Originated Loans | Noncommerical | Discharge of Debt | Revolving mortgage
Financing Receivable, Modifications [Line Items]
Financing Receivable, Modifications, Number of Contracts	4	24
Financing Receivable, Modifications, Post-Modification Recorded Investment	229	1,878
Financing Receivable, Modifications, Subsequent Default, Number of Contracts	0	5
Financing Receivable, Modifications, Subsequent Default, Recorded Investment	0	233
Originated Loans | Noncommerical | Discharge of Debt | Consumer
Financing Receivable, Modifications [Line Items]
Financing Receivable, Modifications, Number of Contracts	1	0
Financing Receivable, Modifications, Post-Modification Recorded Investment	18	0
Financing Receivable, Modifications, Subsequent Default, Number of Contracts	0	0
Financing Receivable, Modifications, Subsequent Default, Recorded Investment	0	0
Acquired Loans
Financing Receivable, Modifications [Line Items]
Financing Receivable, Modifications, Number of Contracts	9	8
Financing Receivable, Modifications, Post-Modification Recorded Investment	21,765	6,430
Financing Receivable, Modifications, Subsequent Default, Number of Contracts	4	7
Financing Receivable, Modifications, Subsequent Default, Recorded Investment	16,389	4,336
Acquired Loans | Interest Only Loan
Financing Receivable, Modifications [Line Items]
Financing Receivable, Modifications, Number of Contracts	2	2
Financing Receivable, Modifications, Post-Modification Recorded Investment	15,906	1,991
Financing Receivable, Modifications, Subsequent Default, Number of Contracts	2	2
Financing Receivable, Modifications, Subsequent Default, Recorded Investment	15,906	388
Acquired Loans | Loan Term Extension
Financing Receivable, Modifications [Line Items]
Financing Receivable, Modifications, Number of Contracts	1	0
Financing Receivable, Modifications, Post-Modification Recorded Investment	281	0
Financing Receivable, Modifications, Subsequent Default, Number of Contracts	0	0
Financing Receivable, Modifications, Subsequent Default, Recorded Investment	0	0
Acquired Loans | Below Market Interest Rate
Financing Receivable, Modifications [Line Items]
Financing Receivable, Modifications, Number of Contracts	6	6
Financing Receivable, Modifications, Post-Modification Recorded Investment	5,578	4,439
Financing Receivable, Modifications, Subsequent Default, Number of Contracts	2	5
Financing Receivable, Modifications, Subsequent Default, Recorded Investment	483	3,948
Acquired Loans | Commercial | Interest Only Loan | Mortgage
Financing Receivable, Modifications [Line Items]
Financing Receivable, Modifications, Number of Contracts	2	2
Financing Receivable, Modifications, Post-Modification Recorded Investment	15,906	1,991
Financing Receivable, Modifications, Subsequent Default, Number of Contracts	2	1
Financing Receivable, Modifications, Subsequent Default, Recorded Investment	15,906	291
Acquired Loans | Commercial | Loan Term Extension | Construction and land development
Financing Receivable, Modifications [Line Items]
Financing Receivable, Modifications, Number of Contracts	1	0
Financing Receivable, Modifications, Post-Modification Recorded Investment	281	0
Financing Receivable, Modifications, Subsequent Default, Number of Contracts	0	0
Financing Receivable, Modifications, Subsequent Default, Recorded Investment	0	0
Acquired Loans | Commercial | Below Market Interest Rate | Construction and land development
Financing Receivable, Modifications [Line Items]
Financing Receivable, Modifications, Number of Contracts	1	1
Financing Receivable, Modifications, Post-Modification Recorded Investment	37	309
Financing Receivable, Modifications, Subsequent Default, Number of Contracts	0	0
Financing Receivable, Modifications, Subsequent Default, Recorded Investment	0	0
Acquired Loans | Commercial | Below Market Interest Rate | Mortgage
Financing Receivable, Modifications [Line Items]
Financing Receivable, Modifications, Number of Contracts	4	1
Financing Receivable, Modifications, Post-Modification Recorded Investment	5,439	2,946
Financing Receivable, Modifications, Subsequent Default, Number of Contracts	1	3
Financing Receivable, Modifications, Subsequent Default, Recorded Investment	47	3,222
Acquired Loans | Commercial | Below Market Interest Rate | Commercial and industrial
Financing Receivable, Modifications [Line Items]
Financing Receivable, Modifications, Number of Contracts	0	2
Financing Receivable, Modifications, Post-Modification Recorded Investment	0	458
Financing Receivable, Modifications, Subsequent Default, Number of Contracts	0	0
Financing Receivable, Modifications, Subsequent Default, Recorded Investment	0	0
Acquired Loans | Noncommerical | Interest Only Loan | Mortgage
Financing Receivable, Modifications [Line Items]
Financing Receivable, Modifications, Number of Contracts	0	0
Financing Receivable, Modifications, Post-Modification Recorded Investment	0	0
Financing Receivable, Modifications, Subsequent Default, Number of Contracts	0	1
Financing Receivable, Modifications, Subsequent Default, Recorded Investment	0	97
Acquired Loans | Noncommerical | Below Market Interest Rate | Mortgage
Financing Receivable, Modifications [Line Items]
Financing Receivable, Modifications, Number of Contracts	1	2
Financing Receivable, Modifications, Post-Modification Recorded Investment	102	726
Financing Receivable, Modifications, Subsequent Default, Number of Contracts	1	2
Financing Receivable, Modifications, Subsequent Default, Recorded Investment	$ 436	$ 726

XML

Loans and Leases (Composition of the Loans and Leases Outstanding By Credit Quality Indicator) (Details) (USD $) In Thousands, unless otherwise specified	Mar. 31, 2014	Dec. 31, 2013
Accounts, Notes, Loans and Financing Receivable [Line Items]
Acquired	$ 1,270,818	$ 1,029,426
Total Originated Loans and Leases	12,200,226	12,104,298
Pass
Accounts, Notes, Loans and Financing Receivable [Line Items]
Acquired	601,902	492,831
Special Mention
Accounts, Notes, Loans and Financing Receivable [Line Items]
Acquired	169,325	155,750
Substandard
Accounts, Notes, Loans and Financing Receivable [Line Items]
Acquired	305,724	300,048
Doubtful
Accounts, Notes, Loans and Financing Receivable [Line Items]
Acquired	53,945	61,121
Ungraded
Accounts, Notes, Loans and Financing Receivable [Line Items]
Acquired	139,922	19,676
Commercial
Accounts, Notes, Loans and Financing Receivable [Line Items]
Acquired	923,076	781,307
Total Originated Loans and Leases	8,592,732	8,499,348
Commercial | Construction and land development
Accounts, Notes, Loans and Financing Receivable [Line Items]
Acquired	106,670	78,915
Total Originated Loans and Leases	335,271	319,847
Commercial | Mortgage
Accounts, Notes, Loans and Financing Receivable [Line Items]
Acquired	728,872	642,891
Total Originated Loans and Leases	6,330,843	6,362,490
Commercial | Other commercial real estate
Accounts, Notes, Loans and Financing Receivable [Line Items]
Acquired	47,826	41,381
Total Originated Loans and Leases	177,082	178,754
Commercial | Commercial and industrial
Accounts, Notes, Loans and Financing Receivable [Line Items]
Acquired	38,838	17,254
Total Originated Loans and Leases	1,175,543	1,081,158
Commercial | Lease financing
Accounts, Notes, Loans and Financing Receivable [Line Items]
Total Originated Loans and Leases	394,268	381,763
Commercial | Other
Accounts, Notes, Loans and Financing Receivable [Line Items]
Acquired	870	866
Total Originated Loans and Leases	179,725	175,336
Commercial | Pass
Accounts, Notes, Loans and Financing Receivable [Line Items]
Total Originated Loans and Leases	8,201,972	8,092,174
Commercial | Pass | Construction and land development
Accounts, Notes, Loans and Financing Receivable [Line Items]
Acquired	14,789	2,619
Total Originated Loans and Leases	323,876	308,231
Commercial | Pass | Mortgage
Accounts, Notes, Loans and Financing Receivable [Line Items]
Acquired	375,245	296,824
Total Originated Loans and Leases	6,064,405	6,094,505
Commercial | Pass | Other commercial real estate
Accounts, Notes, Loans and Financing Receivable [Line Items]
Acquired	28,526	22,225
Total Originated Loans and Leases	173,517	174,913
Commercial | Pass | Commercial and industrial
Accounts, Notes, Loans and Financing Receivable [Line Items]
Acquired	29,918	8,021
Total Originated Loans and Leases	1,074,210	964,840
Commercial | Pass | Lease financing
Accounts, Notes, Loans and Financing Receivable [Line Items]
Total Originated Loans and Leases	386,324	375,371
Commercial | Pass | Other
Accounts, Notes, Loans and Financing Receivable [Line Items]
Total Originated Loans and Leases	179,640	174,314
Commercial | Special Mention
Accounts, Notes, Loans and Financing Receivable [Line Items]
Total Originated Loans and Leases	148,200	147,325
Commercial | Special Mention | Construction and land development
Accounts, Notes, Loans and Financing Receivable [Line Items]
Acquired	24,065	15,530
Total Originated Loans and Leases	8,442	8,620
Commercial | Special Mention | Mortgage
Accounts, Notes, Loans and Financing Receivable [Line Items]
Acquired	134,414	125,295
Total Originated Loans and Leases	117,436	119,515
Commercial | Special Mention | Other commercial real estate
Accounts, Notes, Loans and Financing Receivable [Line Items]
Acquired	114	3,431
Total Originated Loans and Leases	1,302	1,362
Commercial | Special Mention | Commercial and industrial
Accounts, Notes, Loans and Financing Receivable [Line Items]
Acquired	3,260	2,585
Total Originated Loans and Leases	16,777	14,686
Commercial | Special Mention | Lease financing
Accounts, Notes, Loans and Financing Receivable [Line Items]
Total Originated Loans and Leases	4,233	2,160
Commercial | Special Mention | Other
Accounts, Notes, Loans and Financing Receivable [Line Items]
Total Originated Loans and Leases	10	982
Commercial | Substandard
Accounts, Notes, Loans and Financing Receivable [Line Items]
Total Originated Loans and Leases	158,071	156,956
Commercial | Substandard | Construction and land development
Accounts, Notes, Loans and Financing Receivable [Line Items]
Acquired	58,374	52,228
Total Originated Loans and Leases	2,953	2,944
Commercial | Substandard | Mortgage
Accounts, Notes, Loans and Financing Receivable [Line Items]
Acquired	182,540	179,657
Total Originated Loans and Leases	143,723	141,913
Commercial | Substandard | Other commercial real estate
Accounts, Notes, Loans and Financing Receivable [Line Items]
Acquired	10,473	7,012
Total Originated Loans and Leases	2,119	2,216
Commercial | Substandard | Commercial and industrial
Accounts, Notes, Loans and Financing Receivable [Line Items]
Acquired	4,686	5,225
Total Originated Loans and Leases	6,051	6,352
Commercial | Substandard | Lease financing
Accounts, Notes, Loans and Financing Receivable [Line Items]
Total Originated Loans and Leases	3,155	3,491
Commercial | Substandard | Other
Accounts, Notes, Loans and Financing Receivable [Line Items]
Total Originated Loans and Leases	70	40
Commercial | Doubtful
Accounts, Notes, Loans and Financing Receivable [Line Items]
Total Originated Loans and Leases	4,927	6,022
Commercial | Doubtful | Construction and land development
Accounts, Notes, Loans and Financing Receivable [Line Items]
Acquired	5,101	7,436
Total Originated Loans and Leases	0	52
Commercial | Doubtful | Mortgage
Accounts, Notes, Loans and Financing Receivable [Line Items]
Acquired	36,040	40,471
Total Originated Loans and Leases	4,227	5,159
Commercial | Doubtful | Other commercial real estate
Accounts, Notes, Loans and Financing Receivable [Line Items]
Acquired	8,713	8,713
Total Originated Loans and Leases	0	75
Commercial | Doubtful | Commercial and industrial
Accounts, Notes, Loans and Financing Receivable [Line Items]
Acquired	954	1,257
Total Originated Loans and Leases	152	144
Commercial | Doubtful | Lease financing
Accounts, Notes, Loans and Financing Receivable [Line Items]
Total Originated Loans and Leases	543	592
Commercial | Doubtful | Other
Accounts, Notes, Loans and Financing Receivable [Line Items]
Total Originated Loans and Leases	5	0
Commercial | Ungraded
Accounts, Notes, Loans and Financing Receivable [Line Items]
Total Originated Loans and Leases	79,562	96,871
Commercial | Ungraded | Construction and land development
Accounts, Notes, Loans and Financing Receivable [Line Items]
Acquired	4,341	1,102
Total Originated Loans and Leases	0	0
Commercial | Ungraded | Mortgage
Accounts, Notes, Loans and Financing Receivable [Line Items]
Acquired	633	644
Total Originated Loans and Leases	1,052	1,398
Commercial | Ungraded | Other commercial real estate
Accounts, Notes, Loans and Financing Receivable [Line Items]
Acquired	0	0
Total Originated Loans and Leases	144	188
Commercial | Ungraded | Commercial and industrial
Accounts, Notes, Loans and Financing Receivable [Line Items]
Acquired	20	166
Total Originated Loans and Leases	78,353	95,136
Commercial | Ungraded | Lease financing
Accounts, Notes, Loans and Financing Receivable [Line Items]
Total Originated Loans and Leases	13	149
Commercial | Ungraded | Other
Accounts, Notes, Loans and Financing Receivable [Line Items]
Total Originated Loans and Leases	0	0
Noncommerical
Accounts, Notes, Loans and Financing Receivable [Line Items]
Acquired	347,742	248,119
Total Originated Loans and Leases	3,607,494	3,604,950
Noncommerical | Mortgage
Accounts, Notes, Loans and Financing Receivable [Line Items]
Acquired	291,254	213,851
Total Originated Loans and Leases	1,030,032	982,421
Noncommerical | Revolving mortgage
Accounts, Notes, Loans and Financing Receivable [Line Items]
Acquired	25,776	30,834
Total Originated Loans and Leases	2,091,000	2,113,285
Noncommerical | Construction and land development
Accounts, Notes, Loans and Financing Receivable [Line Items]
Acquired	28,151	2,583
Total Originated Loans and Leases	119,049	122,792
Noncommerical | Consumer
Accounts, Notes, Loans and Financing Receivable [Line Items]
Acquired	2,561	851
Total Originated Loans and Leases	367,413	386,452
Noncommerical | Consumer and Other
Accounts, Notes, Loans and Financing Receivable [Line Items]
Acquired	3,431	1,717
Noncommerical | Pass | Mortgage
Accounts, Notes, Loans and Financing Receivable [Line Items]
Acquired	131,765	135,326
Noncommerical | Pass | Revolving mortgage
Accounts, Notes, Loans and Financing Receivable [Line Items]
Acquired	20,240	26,322
Noncommerical | Pass | Construction and land development
Accounts, Notes, Loans and Financing Receivable [Line Items]
Acquired	32	149
Noncommerical | Pass | Consumer and Other
Accounts, Notes, Loans and Financing Receivable [Line Items]
Acquired	1,387	1,345
Noncommerical | Special Mention | Mortgage
Accounts, Notes, Loans and Financing Receivable [Line Items]
Acquired	4,823	6,301
Noncommerical | Special Mention | Revolving mortgage
Accounts, Notes, Loans and Financing Receivable [Line Items]
Acquired	2,649	2,608
Noncommerical | Special Mention | Construction and land development
Accounts, Notes, Loans and Financing Receivable [Line Items]
Acquired	0	0
Noncommerical | Special Mention | Consumer and Other
Accounts, Notes, Loans and Financing Receivable [Line Items]
Acquired	0	0
Noncommerical | Substandard | Mortgage
Accounts, Notes, Loans and Financing Receivable [Line Items]
Acquired	46,044	52,774
Noncommerical | Substandard | Revolving mortgage
Accounts, Notes, Loans and Financing Receivable [Line Items]
Acquired	1,891	1,013
Noncommerical | Substandard | Construction and land development
Accounts, Notes, Loans and Financing Receivable [Line Items]
Acquired	1,716	2,139
Noncommerical | Substandard | Consumer and Other
Accounts, Notes, Loans and Financing Receivable [Line Items]
Acquired	0	0
Noncommerical | Doubtful | Mortgage
Accounts, Notes, Loans and Financing Receivable [Line Items]
Acquired	1,931	2,058
Noncommerical | Doubtful | Revolving mortgage
Accounts, Notes, Loans and Financing Receivable [Line Items]
Acquired	911	891
Noncommerical | Doubtful | Construction and land development
Accounts, Notes, Loans and Financing Receivable [Line Items]
Acquired	295	295
Noncommerical | Doubtful | Consumer and Other
Accounts, Notes, Loans and Financing Receivable [Line Items]
Acquired	0	0
Noncommerical | Ungraded | Mortgage
Accounts, Notes, Loans and Financing Receivable [Line Items]
Acquired	106,691	17,392
Noncommerical | Ungraded | Revolving mortgage
Accounts, Notes, Loans and Financing Receivable [Line Items]
Acquired	85	0
Noncommerical | Ungraded | Construction and land development
Accounts, Notes, Loans and Financing Receivable [Line Items]
Acquired	26,108	0
Noncommerical | Ungraded | Consumer and Other
Accounts, Notes, Loans and Financing Receivable [Line Items]
Acquired	2,044	372
Originated Loans
Accounts, Notes, Loans and Financing Receivable [Line Items]
Current	12,101,606	12,015,067
Total Originated Loans and Leases	12,200,226	12,104,298
30-59 Days Past Due	60,308	44,167
60-89 Days Past Due	11,246	14,236
90 Days or Greater	27,066	30,828
Originated Loans | Commercial | Construction and land development
Accounts, Notes, Loans and Financing Receivable [Line Items]
Current	333,895	317,778
Total Originated Loans and Leases	335,271	319,847
30-59 Days Past Due	537	1,603
60-89 Days Past Due	184	9
90 Days or Greater	655	457
Originated Loans | Commercial | Mortgage
Accounts, Notes, Loans and Financing Receivable [Line Items]
Current	6,291,210	6,333,351
Total Originated Loans and Leases	6,330,843	6,362,490
30-59 Days Past Due	24,451	11,131
60-89 Days Past Due	3,934	3,601
90 Days or Greater	11,248	14,407
Originated Loans | Commercial | Other commercial real estate
Accounts, Notes, Loans and Financing Receivable [Line Items]
Current	176,812	177,935
Total Originated Loans and Leases	177,082	178,754
30-59 Days Past Due	155	139
60-89 Days Past Due	11	210
90 Days or Greater	104	470
Originated Loans | Commercial | Commercial and industrial
Accounts, Notes, Loans and Financing Receivable [Line Items]
Current	1,170,625	1,076,704
Total Originated Loans and Leases	1,175,543	1,081,158
30-59 Days Past Due	3,921	3,336
60-89 Days Past Due	488	682
90 Days or Greater	509	436
Originated Loans | Commercial | Lease financing
Accounts, Notes, Loans and Financing Receivable [Line Items]
Current	393,096	379,532
Total Originated Loans and Leases	394,268	381,763
30-59 Days Past Due	757	789
60-89 Days Past Due	323	1,341
90 Days or Greater	92	101
Originated Loans | Commercial | Other
Accounts, Notes, Loans and Financing Receivable [Line Items]
Current	179,700	175,251
Total Originated Loans and Leases	179,725	175,336
30-59 Days Past Due	20	0
60-89 Days Past Due	5	85
90 Days or Greater	0	0
Originated Loans | Noncommerical
Accounts, Notes, Loans and Financing Receivable [Line Items]
Current	3,556,268	3,554,516
Total Originated Loans and Leases	3,607,494	3,604,950
30-59 Days Past Due	30,467	27,169
60-89 Days Past Due	6,301	8,308
90 Days or Greater	14,458	14,957
Originated Loans | Noncommerical | Mortgage
Accounts, Notes, Loans and Financing Receivable [Line Items]
Current	1,003,016	955,300
Total Originated Loans and Leases	1,030,032	982,421
30-59 Days Past Due	16,845	12,885
60-89 Days Past Due	1,063	4,658
90 Days or Greater	9,108	9,578
Originated Loans | Noncommerical | Revolving mortgage
Accounts, Notes, Loans and Financing Receivable [Line Items]
Current	2,072,832	2,095,480
Total Originated Loans and Leases	2,091,000	2,113,285
30-59 Days Past Due	10,578	10,977
60-89 Days Past Due	3,249	2,378
90 Days or Greater	4,341	4,450
Originated Loans | Noncommerical | Construction and land development
Accounts, Notes, Loans and Financing Receivable [Line Items]
Current	117,161	121,026
Total Originated Loans and Leases	119,049	122,792
30-59 Days Past Due	888	1,193
60-89 Days Past Due	794	317
90 Days or Greater	206	256
Originated Loans | Noncommerical | Consumer
Accounts, Notes, Loans and Financing Receivable [Line Items]
Current	363,259	382,710
Total Originated Loans and Leases	367,413	386,452
30-59 Days Past Due	2,156	2,114
60-89 Days Past Due	1,195	955
90 Days or Greater	$ 803	$ 673

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Investments (Unrealized Losses) (Details) (USD $) In Thousands, unless otherwise specified	Mar. 31, 2014	Dec. 31, 2013
Investment securities available for sale:
Fair Value, Less than 12 months	$ 3,114,052	$ 3,104,700
Unrealized Losses, Less than 12 months	33,609	43,715
Fair Value, 12 months or more	23,622	56,830
Unrealized Losses, 12 months or more	808	1,105
Fair Value, Total	3,137,674	3,161,530
Unrealized Losses, Total	34,417	44,820
U. S. Treasury
Investment securities available for sale:
Fair Value, Less than 12 months	699,985	102,105
Unrealized Losses, Less than 12 months	1,874	45
Fair Value, 12 months or more	0	0
Unrealized Losses, 12 months or more	0	0
Fair Value, Total	699,985	102,105
Unrealized Losses, Total	1,874	45
Government Agency
Investment securities available for sale:
Fair Value, Less than 12 months	400,423	780,552
Unrealized Losses, Less than 12 months	879	761
Fair Value, 12 months or more	0	29,969
Unrealized Losses, 12 months or more	0	31
Fair Value, Total	400,423	810,521
Unrealized Losses, Total	879	792
Mortgage Backed Securities, Other [Member]
Investment securities available for sale:
Fair Value, Less than 12 months	2,012,814	2,221,213
Unrealized Losses, Less than 12 months	30,816	42,876
Fair Value, 12 months or more	23,622	26,861
Unrealized Losses, 12 months or more	808	1,074
Fair Value, Total	2,036,436	2,248,074
Unrealized Losses, Total	31,624	43,950
Other Debt Obligations
Investment securities available for sale:
Fair Value, Less than 12 months	830	830
Unrealized Losses, Less than 12 months	40	33
Fair Value, 12 months or more	0	0
Unrealized Losses, 12 months or more	0	0
Fair Value, Total	830	830
Unrealized Losses, Total	40	33
State, County and Municipal
Investment securities available for sale:
Unrealized Losses, Total	$ 0	$ 0

XML

Receivable from FDIC for Loss Share Agreements (Changes in Receivable from FDIC) (Details) (USD $) In Thousands, unless otherwise specified	3 Months Ended
	Mar. 31, 2014	Mar. 31, 2013	Dec. 31, 2013
Receivable From FDIC For Loss Share Agreements [Abstract]
FDIC Indemnification Asset	$ 74,784		$ 93,397
Receivable From FDIC For Loss Share Agreements [Roll Forward]
Balance at beginning of period	93,397	270,192
Accretion of discounts and premiums, net	(17,744)	(26,112)
Receipt of payments from FDIC	3,490	(42,519)
Post-acquisition and other adjustments, net	(4,359)	(5,619)
Balance at end of period		$ 195,942

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Derivatives (Schedule Of Interest Rate Swaps) (Details) (2011 Interest Rate Swap, USD $) In Thousands, unless otherwise specified	Mar. 31, 2014	Dec. 31, 2013
2011 Interest Rate Swap
Derivative [Line Items]
Estimated fair value of liability	$ 6,501	$ 7,220
Derivative, Notional Amount	$ 93,500	$ 93,500

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Allowance for Loan and Lease Losses (Summary of Activity In Allowance for Loan and Lease Losses) (Details) (USD $)	3 Months Ended
	Mar. 31, 2014	Mar. 31, 2013	Dec. 31, 2013
Loans and Leases Evaluated for Impairment [Abstract]
Net loans and leases	$ 13,248,102,000		$ 12,900,330,000
Loan and Lease Acquired with Deteriorated Credit Quality [Abstract]
Allowance for loan and lease losses	222,942,000		233,394,000
Originated Loans
Allowance for Loan and Lease Losses [Roll Forward]
Beginning balance	179,874,000	179,046,000
Provisions	370,000	4,016,000
Charge-offs	(4,422,000)	(8,067,000)
Recoveries	2,127,000	1,551,000
Ending balance	177,949,000	176,546,000
Allowance for Loans and Leases Evaluated for Impairment [Abstract]
ALLL for loans and leases individually evaluated for impairment	9,495,000		10,161,000
ALLL for loans and leases collectively evaluated for impairment	168,454,000		169,713,000
Total allowance for loan and lease losses	177,949,000	176,546,000
Loans and Leases Evaluated for Impairment [Abstract]
Loans and leases individually evaluated for impairment	123,067,000		132,146,000
Loans and leases collectively evaluated for impairment	12,077,159,000		11,972,152,000
Net loans and leases	12,200,226,000		12,104,298,000
Originated Loans | Commercial | Construction and land development
Allowance for Loan and Lease Losses [Roll Forward]
Beginning balance	10,335,000	6,031,000
Provisions	1,885,000	(1,834,000)
Charge-offs	0	(254,000)
Recoveries	26,000	368,000
Ending balance	12,246,000	4,311,000
Allowance for Loans and Leases Evaluated for Impairment [Abstract]
ALLL for loans and leases individually evaluated for impairment	144,000		103,000
ALLL for loans and leases collectively evaluated for impairment	12,102,000		10,232,000
Total allowance for loan and lease losses	12,246,000	4,311,000
Loans and Leases Evaluated for Impairment [Abstract]
Loans and leases individually evaluated for impairment	2,329,000		2,272,000
Loans and leases collectively evaluated for impairment	332,942,000		317,575,000
Net loans and leases	335,271,000		319,847,000
Originated Loans | Commercial | Mortgage
Allowance for Loan and Lease Losses [Roll Forward]
Beginning balance	100,257,000	70,927,000
Provisions	(6,979,000)	2,536,000
Charge-offs	(168,000)	(654,000)
Recoveries	1,107,000	8,000
Ending balance	94,217,000	72,817,000
Allowance for Loans and Leases Evaluated for Impairment [Abstract]
ALLL for loans and leases individually evaluated for impairment	6,400,000		6,873,000
ALLL for loans and leases collectively evaluated for impairment	87,817,000		93,384,000
Total allowance for loan and lease losses	94,217,000	72,817,000
Loans and Leases Evaluated for Impairment [Abstract]
Loans and leases individually evaluated for impairment	88,987,000		97,111,000
Loans and leases collectively evaluated for impairment	6,241,856,000		6,265,379,000
Net loans and leases	6,330,843,000		6,362,490,000
Originated Loans | Commercial | Other commercial real estate
Allowance for Loan and Lease Losses [Roll Forward]
Beginning balance	1,009,000	2,059,000
Provisions	(74,000)	(100,000)
Charge-offs	0	(54,000)
Recoveries	10,000	10,000
Ending balance	945,000	1,915,000
Allowance for Loans and Leases Evaluated for Impairment [Abstract]
ALLL for loans and leases individually evaluated for impairment	203,000		209,000
ALLL for loans and leases collectively evaluated for impairment	742,000		800,000
Total allowance for loan and lease losses	945,000	1,915,000
Loans and Leases Evaluated for Impairment [Abstract]
Loans and leases individually evaluated for impairment	1,627,000		1,878,000
Loans and leases collectively evaluated for impairment	175,455,000		176,876,000
Net loans and leases	177,082,000		178,754,000
Originated Loans | Commercial | Commercial and industrial
Allowance for Loan and Lease Losses [Roll Forward]
Beginning balance	22,362,000	23,352,000
Provisions	1,976,000	500,000
Charge-offs	(496,000)	(1,258,000)
Recoveries	179,000	369,000
Ending balance	24,021,000	22,963,000
Allowance for Loans and Leases Evaluated for Impairment [Abstract]
ALLL for loans and leases individually evaluated for impairment	769,000		771,000
ALLL for loans and leases collectively evaluated for impairment	23,252,000		21,591,000
Total allowance for loan and lease losses	24,021,000	22,963,000
Loans and Leases Evaluated for Impairment [Abstract]
Loans and leases individually evaluated for impairment	8,804,000		9,300,000
Loans and leases collectively evaluated for impairment	1,166,739,000		1,071,858,000
Net loans and leases	1,175,543,000		1,081,158,000
Loan and Lease Acquired with Deteriorated Credit Quality [Abstract]
Loans and leases, loan growth	94,400,000
Originated Loans | Commercial | Lease financing
Allowance for Loan and Lease Losses [Roll Forward]
Beginning balance	4,749,000	3,521,000
Provisions	(524,000)	22,000
Charge-offs	(58,000)	0
Recoveries	16,000	0
Ending balance	4,183,000	3,543,000
Allowance for Loans and Leases Evaluated for Impairment [Abstract]
ALLL for loans and leases individually evaluated for impairment	13,000		54,000
ALLL for loans and leases collectively evaluated for impairment	4,170,000		4,695,000
Total allowance for loan and lease losses	4,183,000	3,543,000
Loans and Leases Evaluated for Impairment [Abstract]
Loans and leases individually evaluated for impairment	393,000		188,000
Loans and leases collectively evaluated for impairment	393,875,000		381,575,000
Net loans and leases	394,268,000		381,763,000
Originated Loans | Commercial | Other
Allowance for Loan and Lease Losses [Roll Forward]
Beginning balance	190,000	1,175,000
Provisions	272,000	315,000
Charge-offs	(8,000)	0
Recoveries	0	0
Ending balance	454,000	1,490,000
Allowance for Loans and Leases Evaluated for Impairment [Abstract]
ALLL for loans and leases individually evaluated for impairment	0		0
ALLL for loans and leases collectively evaluated for impairment	454,000		190,000
Total allowance for loan and lease losses	454,000	1,490,000
Loans and Leases Evaluated for Impairment [Abstract]
Loans and leases individually evaluated for impairment	0		0
Loans and leases collectively evaluated for impairment	179,725,000		175,336,000
Net loans and leases	179,725,000		175,336,000
Originated Loans | Noncommerical | Mortgage
Allowance for Loan and Lease Losses [Roll Forward]
Beginning balance	10,511,000	3,836,000
Provisions	609,000	733,000
Charge-offs	(184,000)	(818,000)
Recoveries	8,000	39,000
Ending balance	10,944,000	3,790,000
Allowance for Loans and Leases Evaluated for Impairment [Abstract]
ALLL for loans and leases individually evaluated for impairment	1,418,000		1,586,000
ALLL for loans and leases collectively evaluated for impairment	9,526,000		8,925,000
Total allowance for loan and lease losses	10,944,000	3,790,000
Loans and Leases Evaluated for Impairment [Abstract]
Loans and leases individually evaluated for impairment	15,626,000		15,539,000
Loans and leases collectively evaluated for impairment	1,014,406,000		966,882,000
Net loans and leases	1,030,032,000		982,421,000
Originated Loans | Noncommerical | Construction and land development
Allowance for Loan and Lease Losses [Roll Forward]
Beginning balance	681,000	1,721,000
Provisions	577,000	(113,000)
Charge-offs	(71,000)	(245,000)
Recoveries	62,000	56,000
Ending balance	1,249,000	1,419,000
Allowance for Loans and Leases Evaluated for Impairment [Abstract]
ALLL for loans and leases individually evaluated for impairment	77,000		72,000
ALLL for loans and leases collectively evaluated for impairment	1,172,000		609,000
Total allowance for loan and lease losses	1,249,000	1,419,000
Loans and Leases Evaluated for Impairment [Abstract]
Loans and leases individually evaluated for impairment	699,000		1,108,000
Loans and leases collectively evaluated for impairment	118,350,000		121,684,000
Net loans and leases	119,049,000		122,792,000
Originated Loans | Noncommerical | Revolving mortgage
Allowance for Loan and Lease Losses [Roll Forward]
Beginning balance	16,239,000	25,185,000
Provisions	1,353,000	1,431,000
Charge-offs	(1,260,000)	(2,188,000)
Recoveries	76,000	71,000
Ending balance	16,408,000	24,499,000
Allowance for Loans and Leases Evaluated for Impairment [Abstract]
ALLL for loans and leases individually evaluated for impairment	353,000		372,000
ALLL for loans and leases collectively evaluated for impairment	16,055,000		15,867,000
Total allowance for loan and lease losses	16,408,000	24,499,000
Loans and Leases Evaluated for Impairment [Abstract]
Loans and leases individually evaluated for impairment	3,587,000		3,596,000
Loans and leases collectively evaluated for impairment	2,087,413,000		2,109,689,000
Net loans and leases	2,091,000,000		2,113,285,000
Originated Loans | Noncommerical | Consumer
Allowance for Loan and Lease Losses [Roll Forward]
Beginning balance	13,541,000	25,389,000
Provisions	1,275,000	604,000
Charge-offs	(2,177,000)	(2,596,000)
Recoveries	643,000	630,000
Ending balance	13,282,000	24,027,000
Allowance for Loans and Leases Evaluated for Impairment [Abstract]
ALLL for loans and leases individually evaluated for impairment	118,000		121,000
ALLL for loans and leases collectively evaluated for impairment	13,164,000		13,420,000
Total allowance for loan and lease losses	13,282,000	24,027,000
Loans and Leases Evaluated for Impairment [Abstract]
Loans and leases individually evaluated for impairment	1,015,000		1,154,000
Loans and leases collectively evaluated for impairment	366,398,000		385,298,000
Net loans and leases	367,413,000		386,452,000
Originated Loans | Noncommerical | Non-specific
Allowance for Loan and Lease Losses [Roll Forward]
Beginning balance	0	15,850,000
Provisions	0	(78,000)
Charge-offs	0	0
Recoveries	0	0
Ending balance	0	15,772,000
Allowance for Loans and Leases Evaluated for Impairment [Abstract]
Total allowance for loan and lease losses	0	15,772,000
Acquired Loans
Allowance for Loan and Lease Losses [Roll Forward]
Beginning balance	53,520,000	139,972,000
Provisions	(2,273,000)	(22,622,000)
Charge-offs	(6,254,000)	(20,877,000)
Recoveries	0	0
Ending balance	44,993,000	96,473,000
Allowance for Loans and Leases Evaluated for Impairment [Abstract]
Total allowance for loan and lease losses	44,993,000	96,473,000
Loan and Lease Acquired with Deteriorated Credit Quality [Abstract]
ALLL for loans and leases acquired with deteriorated credit quality	44,993,000		53,520,000
Loans and leases acquired with deteriorated credit quality	1,270,818,000		1,029,426,000
Acquired Loans | Commercial | Construction and land development
Allowance for Loan and Lease Losses [Roll Forward]
Beginning balance	1,320,000	31,186,000
Provisions	3,355,000	(13,147,000)
Charge-offs	(199,000)	(4,733,000)
Recoveries	0	0
Ending balance	4,476,000	13,306,000
Allowance for Loans and Leases Evaluated for Impairment [Abstract]
Total allowance for loan and lease losses	4,476,000	13,306,000
Loan and Lease Acquired with Deteriorated Credit Quality [Abstract]
ALLL for loans and leases acquired with deteriorated credit quality	4,476,000		1,320,000
Loans and leases acquired with deteriorated credit quality	106,670,000		78,915,000
Acquired Loans | Commercial | Mortgage
Allowance for Loan and Lease Losses [Roll Forward]
Beginning balance	29,906,000	50,275,000
Provisions	(3,386,000)	(2,084,000)
Charge-offs	(3,517,000)	(9,898,000)
Recoveries	0	0
Ending balance	23,003,000	38,293,000
Allowance for Loans and Leases Evaluated for Impairment [Abstract]
Total allowance for loan and lease losses	23,003,000	38,293,000
Loan and Lease Acquired with Deteriorated Credit Quality [Abstract]
ALLL for loans and leases acquired with deteriorated credit quality	23,003,000		29,906,000
Loans and leases acquired with deteriorated credit quality	728,872,000		642,891,000
Acquired Loans | Commercial | Other commercial real estate
Allowance for Loan and Lease Losses [Roll Forward]
Beginning balance	1,354,000	11,234,000
Provisions	(150,000)	(5,131,000)
Charge-offs	0	(931,000)
Recoveries	0	0
Ending balance	1,204,000	5,172,000
Allowance for Loans and Leases Evaluated for Impairment [Abstract]
Total allowance for loan and lease losses	1,204,000	5,172,000
Loan and Lease Acquired with Deteriorated Credit Quality [Abstract]
ALLL for loans and leases acquired with deteriorated credit quality	1,204,000		1,354,000
Loans and leases acquired with deteriorated credit quality	47,826,000		41,381,000
Acquired Loans | Commercial | Commercial and industrial
Allowance for Loan and Lease Losses [Roll Forward]
Beginning balance	5,275,000	8,897,000
Provisions	(336,000)	4,233,000
Charge-offs	(2,683,000)	(1,254,000)
Recoveries	0	0
Ending balance	2,256,000	11,876,000
Allowance for Loans and Leases Evaluated for Impairment [Abstract]
Total allowance for loan and lease losses	2,256,000	11,876,000
Loan and Lease Acquired with Deteriorated Credit Quality [Abstract]
ALLL for loans and leases acquired with deteriorated credit quality	2,256,000		5,275,000
Loans and leases acquired with deteriorated credit quality	38,838,000		17,254,000
Acquired Loans | Noncommerical | Mortgage
Allowance for Loan and Lease Losses [Roll Forward]
Beginning balance	11,802,000	19,837,000
Provisions	(2,300,000)	(1,505,000)
Charge-offs	262,000	(729,000)
Recoveries	0	0
Ending balance	9,764,000	17,603,000
Allowance for Loans and Leases Evaluated for Impairment [Abstract]
Total allowance for loan and lease losses	9,764,000	17,603,000
Loan and Lease Acquired with Deteriorated Credit Quality [Abstract]
ALLL for loans and leases acquired with deteriorated credit quality	9,764,000		11,802,000
Loans and leases acquired with deteriorated credit quality	291,254,000		213,851,000
Acquired Loans | Noncommerical | Construction and land development
Allowance for Loan and Lease Losses [Roll Forward]
Beginning balance	682,000	8,287,000
Provisions	(99,000)	(2,313,000)
Charge-offs	0	(3,218,000)
Recoveries	0	0
Ending balance	583,000	2,756,000
Allowance for Loans and Leases Evaluated for Impairment [Abstract]
Total allowance for loan and lease losses	583,000	2,756,000
Loan and Lease Acquired with Deteriorated Credit Quality [Abstract]
ALLL for loans and leases acquired with deteriorated credit quality	583,000		682,000
Loans and leases acquired with deteriorated credit quality	28,151,000		2,583,000
Acquired Loans | Noncommerical | Revolving mortgage
Allowance for Loan and Lease Losses [Roll Forward]
Beginning balance	2,959,000	9,754,000
Provisions	634,000	(2,505,000)
Charge-offs	(100,000)	(114,000)
Recoveries	0	0
Ending balance	3,493,000	7,135,000
Allowance for Loans and Leases Evaluated for Impairment [Abstract]
Total allowance for loan and lease losses	3,493,000	7,135,000
Loan and Lease Acquired with Deteriorated Credit Quality [Abstract]
ALLL for loans and leases acquired with deteriorated credit quality	3,493,000		2,959,000
Loans and leases acquired with deteriorated credit quality	25,776,000		30,834,000
Acquired Loans | Noncommerical | Consumer and Other
Allowance for Loan and Lease Losses [Roll Forward]
Beginning balance	222,000	502,000
Provisions	9,000	(170,000)
Charge-offs	(17,000)	0
Recoveries	0	0
Ending balance	214,000	332,000
Allowance for Loans and Leases Evaluated for Impairment [Abstract]
Total allowance for loan and lease losses	214,000	332,000
Loan and Lease Acquired with Deteriorated Credit Quality [Abstract]
ALLL for loans and leases acquired with deteriorated credit quality	214,000		222,000
Loans and leases acquired with deteriorated credit quality	$ 3,431,000		$ 1,717,000

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Accounting Policies and Basis of Presentation

3 Months Ended

Mar. 31, 2014

Accounting Policies [Abstract]

Accounting Policies and Basis of Presentation

Accounting Policies and Basis of Presentation

First Citizens BancShares, Inc. (BancShares) is a financial holding company organized under the laws of Delaware and conducts operations through its banking subsidiary, First-Citizens Bank & Trust Company (FCB), which is headquartered in Raleigh, North Carolina.

General

These consolidated financial statements and notes are presented in accordance with instructions for Form 10-Q and Article 10 of Regulation S-X and, therefore, do not include all information and notes necessary for a complete presentation of financial position, results of operations and cash flow activity required in accordance with accounting principles generally accepted in the United States of America (GAAP). In the opinion of management, all normal recurring adjustments necessary for a fair presentation of the consolidated financial position and consolidated results of operations have been made. The unaudited interim consolidated financial statements included in this Form 10-Q should be read in conjunction with the consolidated financial statements and footnotes included in BancShares' Annual Report on Form 10-K for the year ended December 31, 2013.

Reclassifications

In certain instances, amounts reported in prior years' consolidated financial statements have been reclassified to conform to the current financial statement presentation. Such reclassifications had no effect on previously reported cash flows, shareholders' equity or net income.

Use of Estimates in the Preparation of Financial Statements

The preparation of financial statements in conformity with GAAP requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities and disclosure of contingent assets and liabilities as of the date of the financial statements and the reported amounts of revenues and expenses during the reporting periods. Actual results could differ from those estimates, and different assumptions in the application of these policies could result in material changes in BancShares' consolidated financial position, the consolidated results of its operations or related disclosures. Material estimates that are particularly susceptible to significant change include the determination of the allowance for loan and lease losses; determination of the fair value of financial instruments; pension plan assumptions; cash flow estimates on acquired loans; the receivable from and payable to the FDIC for loss share agreements; purchase accounting-related adjustments; and income tax assets, liabilities and expense.

Recent Accounting Pronouncements

Financial Accounting Standards Board (FASB) Accounting Standards Update (ASU ) 2014-04, “Receivables-Troubled Debt Restructurings by Creditors (Subtopic 310-40)”

This ASU clarifies that an in-substance repossession or foreclosure occurs, and a creditor is considered to have received physical possession of residential real estate property collateralizing a consumer mortgage loan, upon either (1) the creditor obtaining legal title to the residential real estate property upon completion of a foreclosure or (2) the borrower conveying all interest in the residential real estate property to the creditor to satisfy that loan through completion of a deed in lieu of foreclosure or through a similar legal agreement. Additionally, the amendments require interim and annual disclosure of both (1) the amount of foreclosed residential real estate property held by the creditor and (2) the recorded investment in consumer mortgage loans collateralized by residential real estate property that are in the process of foreclosure according to local requirements of the applicable jurisdiction.

The amendments in this ASU are effective for annual periods, and interim periods within those annual periods, beginning after December 15, 2014. We will adopt the guidance effective the first quarter of 2015, and we do not anticipate any effect on our consolidated financial position or consolidated results of operations as a result of adoption.

FASB ASU 2013-11, “Income Taxes (Topic 740)”

This ASU states that an unrecognized tax benefit, or a portion of an unrecognized tax benefit, should be presented in the financial statements as a reduction to a deferred tax asset for a net operating loss carryforward, a similar tax loss, or a tax credit carryforward, except as follows: to the extent a net operating loss carryforward, a similar tax loss, or a tax credit carryforward is not available at the reporting date under the tax law of the applicable jurisdiction to settle any additional income taxes that would result from the disallowance of a tax position or the tax law of the applicable jurisdiction does not require BancShares to use, and BancShares does not intend to use, the deferred tax asset for such purpose, the unrecognized tax benefit should be presented in the financial statements as a liability and should not be combined with deferred tax assets. The assessment of whether a deferred tax asset is available is based on the unrecognized tax benefit and deferred tax asset that exist at the reporting date and should be made presuming disallowance of the tax position at the reporting date.

The provisions of this ASU are effective for fiscal years, and interim periods within those years, beginning after December 15, 2013. BancShares adopted the guidance effective first quarter of 2014. The initial adoption had no effect on our consolidated financial position or consolidated results of operations.

FASB ASU 2013-04, “Liabilities”

This ASU provides guidance for the recognition, measurement, and disclosure of obligations resulting from joint and several liability arrangements for which the total amount of the obligation within the scope of this ASU is fixed at the reporting date, except for obligations addressed within existing guidance in GAAP.

The amendments in this update are effective for fiscal years beginning after December 31, 2013. BancShares adopted the guidance effective first quarter of 2014. The initial adoption did not have any effect on our consolidated financial position or consolidated results of operations.

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Accumulated Other Comprehensive Loss (Schedule Of Accumulated Other Comprehensive Income) (Details) (USD $) In Thousands, unless otherwise specified	3 Months Ended
	Mar. 31, 2014		Mar. 31, 2013		Dec. 31, 2013		Dec. 31, 2012
Accumulated Other Comprehensive Income (Loss), before Tax	$ (27,217)				$ (41,434)
Deferred tax expense (benefit)	(10,623)				(16,166)
Accumulated other comprehensive income (loss), net of tax	(16,594)		(79,905)		(25,268)		(82,106)
Reclassification from Accumulated Other Comprehensive Income, Current Period, Net of Tax	(977)	[1]	(2,619)	[1]
Reclassification adjustment for losses included in income before income taxes	1,599		4,304
Unrealized Gains on Investment Securities Available for Sale
Accumulated Other Comprehensive Income (Loss), before Tax	(4,733)				(16,632)
Deferred tax expense (benefit)	(1,898)				(6,541)
Accumulated other comprehensive income (loss), net of tax	(2,835)	[2]	19,606	[2]	(10,091)	[2]	20,517	[2]
Reclassification from Accumulated Other Comprehensive Income, Current Period, Net of Tax	0	[2]	0	[2]
Funded Status of Defined Benefit Plan
Accumulated Other Comprehensive Income (Loss), before Tax	(15,983)				(17,582)
Deferred tax expense (benefit)	(6,217)				(6,839)
Accumulated other comprehensive income (loss), net of tax	(9,766)	[2]	(93,712)	[2]	(10,743)	[2]	(96,331)	[2]
Income taxes	622	[1]	1,685	[1]
Reclassification from Accumulated Other Comprehensive Income, Current Period, Net of Tax	(977)	[1],[2]	(2,619)	[1],[2]
Employee Benefits, prior service costs	(53)	[1]	(53)	[1]
Reclassification adjustment for losses included in income before income taxes	(1,546)	[1]	(4,251)	[1]
Other Comprehensive (Income) Loss, Reclassification Adjustment from AOCI, Pension and Other Postretirement Benefit Plans, before Tax	(1,599)		(4,304)	[1]
Unrealized Loss on Cash Flow Hedges
Accumulated Other Comprehensive Income (Loss), before Tax	(6,501)				(7,220)
Deferred tax expense (benefit)	(2,508)				(2,786)
Accumulated other comprehensive income (loss), net of tax	(3,993)	[2]	(5,799)	[2]	(4,434)	[2]	(6,292)	[2]
Reclassification from Accumulated Other Comprehensive Income, Current Period, Net of Tax	$ 0	[2]	$ 0	[2]

[1] Amounts in parentheses indicate debits to profit/loss.

[2] All amounts are net of tax. Amounts in parentheses indicate debits.

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Loans and Leases (Aging Of The Outstanding Loans and Leases By Class Excluding Loans Impaired At Acquisition Date) (Details) (USD $) In Thousands, unless otherwise specified	Mar. 31, 2014	Dec. 31, 2013
Financing Receivable, Recorded Investment, Past Due [Line Items]
Total Originated Loans and Leases	$ 12,200,226	$ 12,104,298
Commercial
Financing Receivable, Recorded Investment, Past Due [Line Items]
Total Originated Loans and Leases	8,592,732	8,499,348
Commercial | Construction and land development
Financing Receivable, Recorded Investment, Past Due [Line Items]
Total Originated Loans and Leases	335,271	319,847
Commercial | Mortgage
Financing Receivable, Recorded Investment, Past Due [Line Items]
Total Originated Loans and Leases	6,330,843	6,362,490
Commercial | Other commercial real estate
Financing Receivable, Recorded Investment, Past Due [Line Items]
Total Originated Loans and Leases	177,082	178,754
Commercial | Commercial and industrial
Financing Receivable, Recorded Investment, Past Due [Line Items]
Total Originated Loans and Leases	1,175,543	1,081,158
Commercial | Lease financing
Financing Receivable, Recorded Investment, Past Due [Line Items]
Total Originated Loans and Leases	394,268	381,763
Commercial | Other
Financing Receivable, Recorded Investment, Past Due [Line Items]
Total Originated Loans and Leases	179,725	175,336
Noncommerical
Financing Receivable, Recorded Investment, Past Due [Line Items]
Total Originated Loans and Leases	3,607,494	3,604,950
Noncommerical | Mortgage
Financing Receivable, Recorded Investment, Past Due [Line Items]
Total Originated Loans and Leases	1,030,032	982,421
Noncommerical | Revolving mortgage
Financing Receivable, Recorded Investment, Past Due [Line Items]
Total Originated Loans and Leases	2,091,000	2,113,285
Noncommerical | Construction and land development
Financing Receivable, Recorded Investment, Past Due [Line Items]
Total Originated Loans and Leases	119,049	122,792
Noncommerical | Consumer
Financing Receivable, Recorded Investment, Past Due [Line Items]
Total Originated Loans and Leases	367,413	386,452
Originated Loans
Financing Receivable, Recorded Investment, Past Due [Line Items]
30-59 Days Past Due	60,308	44,167
60-89 Days Past Due	11,246	14,236
90 Days or Greater	27,066	30,828
Total	98,620	89,231
Current	12,101,606	12,015,067
Total Originated Loans and Leases	12,200,226	12,104,298
Originated Loans | Commercial | Construction and land development
Financing Receivable, Recorded Investment, Past Due [Line Items]
30-59 Days Past Due	537	1,603
60-89 Days Past Due	184	9
90 Days or Greater	655	457
Total	1,376	2,069
Current	333,895	317,778
Total Originated Loans and Leases	335,271	319,847
Originated Loans | Commercial | Mortgage
Financing Receivable, Recorded Investment, Past Due [Line Items]
30-59 Days Past Due	24,451	11,131
60-89 Days Past Due	3,934	3,601
90 Days or Greater	11,248	14,407
Total	39,633	29,139
Current	6,291,210	6,333,351
Total Originated Loans and Leases	6,330,843	6,362,490
Originated Loans | Commercial | Other commercial real estate
Financing Receivable, Recorded Investment, Past Due [Line Items]
30-59 Days Past Due	155	139
60-89 Days Past Due	11	210
90 Days or Greater	104	470
Total	270	819
Current	176,812	177,935
Total Originated Loans and Leases	177,082	178,754
Originated Loans | Commercial | Commercial and industrial
Financing Receivable, Recorded Investment, Past Due [Line Items]
30-59 Days Past Due	3,921	3,336
60-89 Days Past Due	488	682
90 Days or Greater	509	436
Total	4,918	4,454
Current	1,170,625	1,076,704
Total Originated Loans and Leases	1,175,543	1,081,158
Originated Loans | Commercial | Lease financing
Financing Receivable, Recorded Investment, Past Due [Line Items]
30-59 Days Past Due	757	789
60-89 Days Past Due	323	1,341
90 Days or Greater	92	101
Total	1,172	2,231
Current	393,096	379,532
Total Originated Loans and Leases	394,268	381,763
Originated Loans | Commercial | Other
Financing Receivable, Recorded Investment, Past Due [Line Items]
30-59 Days Past Due	20	0
60-89 Days Past Due	5	85
90 Days or Greater	0	0
Total	25	85
Current	179,700	175,251
Total Originated Loans and Leases	179,725	175,336
Originated Loans | Noncommerical
Financing Receivable, Recorded Investment, Past Due [Line Items]
30-59 Days Past Due	30,467	27,169
60-89 Days Past Due	6,301	8,308
90 Days or Greater	14,458	14,957
Current	3,556,268	3,554,516
Total Originated Loans and Leases	3,607,494	3,604,950
Originated Loans | Noncommerical | Mortgage
Financing Receivable, Recorded Investment, Past Due [Line Items]
30-59 Days Past Due	16,845	12,885
60-89 Days Past Due	1,063	4,658
90 Days or Greater	9,108	9,578
Total	27,016	27,121
Current	1,003,016	955,300
Total Originated Loans and Leases	1,030,032	982,421
Originated Loans | Noncommerical | Revolving mortgage
Financing Receivable, Recorded Investment, Past Due [Line Items]
30-59 Days Past Due	10,578	10,977
60-89 Days Past Due	3,249	2,378
90 Days or Greater	4,341	4,450
Total	18,168	17,805
Current	2,072,832	2,095,480
Total Originated Loans and Leases	2,091,000	2,113,285
Originated Loans | Noncommerical | Construction and land development
Financing Receivable, Recorded Investment, Past Due [Line Items]
30-59 Days Past Due	888	1,193
60-89 Days Past Due	794	317
90 Days or Greater	206	256
Total	1,888	1,766
Current	117,161	121,026
Total Originated Loans and Leases	119,049	122,792
Originated Loans | Noncommerical | Consumer
Financing Receivable, Recorded Investment, Past Due [Line Items]
30-59 Days Past Due	2,156	2,114
60-89 Days Past Due	1,195	955
90 Days or Greater	803	673
Total	4,154	3,742
Current	363,259	382,710
Total Originated Loans and Leases	$ 367,413	$ 386,452

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Estimated Fair Values (Tables)

3 Months Ended

Mar. 31, 2014

Fair Value Disclosures [Abstract]

Estimated Fair Values For Certain Financial Assets And Financial Liabilities

For all other financial assets and financial liabilities, the carrying value is a reasonable estimate of the fair value as of March 31, 2014 and December 31, 2013. The carrying value and fair value for these assets and liabilities are equivalent because they are relatively short term in nature and there is no interest rate or credit risk that would cause the fair value to differ from the carrying value.

(Dollars in thousands)	March 31, 2014				December 31, 2013
	Carrying value		Fair value		Carrying value		Fair value
Cash and due from banks	$	543,471	$	543,471	$	533,599	$	533,599
Overnight investments	1,161,469		1,161,469		859,324		859,324
Investment securities available for sale	5,676,237		5,676,237		5,387,703		5,387,703
Investment securities held to maturity	782		835		907		974
Loans held for sale	53,361		54,057		47,271		47,956
Acquired loans, net of allowance for loan and lease losses	1,225,825		1,201,309		975,906		956,388
Originated loans, net of allowance for loan and lease losses	12,022,277		11,659,364		11,924,424		11,589,149
Receivable from the FDIC for loss share agreements (1)	74,784		37,303		93,397		38,438
Income earned not collected	49,668		49,668		48,390		48,390
Federal Home Loan Bank stock	34,417		34,417		40,819		40,819
Preferred stock and other acquired financial assets	17,783		18,521		33,564		34,786
Deposits	18,763,545		18,785,474		17,874,066		17,898,570
Short-term borrowings	617,794		617,794		511,418		511,418
Long-term obligations	440,300		453,313		510,769		526,037
Payable to the FDIC for loss share agreements	111,339		115,129		109,378		111,941
Accrued interest payable	5,675		5,675		6,737		6,737
Interest rate swap	6,501		6,501		7,220		7,220

⁽¹⁾ The fair value of the FDIC receivable excludes amortization expected to be recognized in prospective periods.

Assets And Liabilities Carried At Fair Value On A Recurring Basis

For assets and liabilities carried at fair value on a recurring basis, the following table provides fair value information as of March 31, 2014 and December 31, 2013.

	March 31, 2014
			Fair value measurements using:
(Dollars in thousands)	Fair value		Level 1 inputs		Level 2 inputs		Level 3 inputs
Assets measured at fair value
Investment securities available for sale
U.S. Treasury	$	1,273,221	$	—	$	1,273,221	$	—
Government agency	1,812,774		—		1,812,774		—
Mortgage-backed securities	2,566,666		—		2,566,666		—
Equity securities	22,560		—		22,560		—
Municipal securities	186		—		186		—
Other	830		—		830		—
Total	$	5,676,237	$	—	$	5,676,237	$	—
Liabilities measured at fair value
Interest rate swaps accounted for as cash flow hedges	$	6,501	$	—	$	6,501	$	—
	December 31, 2013
			Fair value measurements using:
	Fair value		Level 1 inputs		Level 2 inputs		Level 3 inputs
Assets measured at fair value
Investment securities available for sale
U.S. Treasury	$	373,437	$	—	$	373,437	$	—
Government agency	2,544,229		—		2,544,229		—
Mortgage-backed securities	2,446,873		—		2,446,873		—
Equity securities	22,147		—		22,147		—
Municipal securities	187		—		187		—
Other	830		—		830		—
Total	$	5,387,703	$	—	$	5,387,703	$	—
Liabilities measured at fair value
Interest rate swaps accounted for as cash flow hedges	$	7,220	$	—	$	7,220	$	—

Assets And Liabilities Carried At Fair Value On A Nonrecurring Basis

For financial assets and liabilities carried at fair value on a nonrecurring basis, the following table provides fair value information as of March 31, 2014 and December 31, 2013.

	March 31, 2014
			Fair value measurements using:
(Dollars in thousands)	Fair value		Level 1 inputs		Level 2 inputs		Level 3 inputs
Loans held for sale	$	14,911	$	—	$	14,911	$	—
Originated impaired loans	73,301		—		—		73,301
Other real estate not covered under loss share agreements remeasured during current year	17,678		—		—		17,678
Other real estate covered under loss share agreements remeasured during current year	32,402		—		—		32,402
	December 31, 2013
			Fair value measurements using:
	Fair value		Level 1 inputs		Level 2 inputs		Level 3 inputs
Loans held for sale	29,389		—		29,389		—
Originated impaired loans	77,817		—		—		77,817
Other real estate not covered under loss share agreements remeasured during current year	20,526		—		—		20,526
Other real estate covered under loss share agreements remeasured during current year	37,587		—		—		37,587

Schedule of Fair Value Measurements Of Other Real Estate Opportunities

No financial liabilities were carried at fair value on a nonrecurring basis as of March 31, 2014 and December 31, 2013.

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Receivable from FDIC for Loss Share Agreements (Tables)

3 Months Ended

Mar. 31, 2014

Receivable From FDIC For Loss Share Agreements [Abstract]

Changes in Receivable From FDIC

The following table provides changes in the receivable from the FDIC for the three-month periods ended March 31, 2014 and March 31, 2013.

	Three months ended March 31
(Dollars in thousands)	2014			2013
Balance at January 1	$	93,397		$	270,192
Amortization	(17,744		)	(26,112		)
Cash payments to (from) FDIC	3,490			(42,519		)
Post-acquisition adjustments	(4,359		)	(5,619		)
Balance at March 31	$	74,784		$	195,942

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Estimated Fair Values (Assets And Liabilities Carried At Fair Value On A Nonrecurring Basis) (Details) (USD $) In Thousands, unless otherwise specified	Mar. 31, 2014		Dec. 31, 2013	Mar. 31, 2013		Dec. 31, 2012
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Not covered under loss share agreements in other real estate owned	$ 44,504	[1],[2]	$ 36,898	$ 44,828	[1]	$ 43,513
Covered under loss share agreements in other real estate owned	41,855	[1]	47,081	101,901	[1]	102,577
Fair Value, Measurements, Nonrecurring | Fair Value
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Loans held for sale	14,911		29,389
Impaired loans not covered by loss share agreements	73,301		77,817
Not covered under loss share agreements in other real estate owned	17,678		20,526
Covered under loss share agreements in other real estate owned	32,402		37,587
Fair Value, Measurements, Nonrecurring | Quoted Prices in Active Markets for Identical Assets and Liabilities (Level 1 Inputs)
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Loans held for sale	0		0
Impaired loans not covered by loss share agreements	0		0
Not covered under loss share agreements in other real estate owned	0		0
Covered under loss share agreements in other real estate owned	0		0
Fair Value, Measurements, Nonrecurring | Quoted Prices for Similar Assets and Liabilities (Level 2 Inputs)
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Loans held for sale	14,911		29,389
Impaired loans not covered by loss share agreements	0		0
Not covered under loss share agreements in other real estate owned	0		0
Covered under loss share agreements in other real estate owned	0		0
Fair Value, Measurements, Nonrecurring | Significant Unobservable Inputs (Level 3 Inputs)
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Loans held for sale	0		0
Impaired loans not covered by loss share agreements	73,301		77,817
Not covered under loss share agreements in other real estate owned	17,678		20,526
Covered under loss share agreements in other real estate owned	$ 32,402		$ 37,587

[1] Text selection found with no content.

[2] Noncovered additions include $11.6 million from the 1st Financial merger.

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Loans and Leases (Recorded Investment, By Class, In Loans And Leases On Nonaccrual Status And Loans And Leases Greater Than 90 Days Past Due And Still Accruing) (Details) (USD $) In Thousands, unless otherwise specified	Mar. 31, 2014	Dec. 31, 2013
Accounts, Notes, Loans and Financing Receivable [Line Items]
Nonaccruing	$ 32,343	$ 30,801
Commercial
Accounts, Notes, Loans and Financing Receivable [Line Items]
Nonaccruing	28,537	26,681
Commercial | Construction and land development
Accounts, Notes, Loans and Financing Receivable [Line Items]
Nonaccruing	1,002	1,002
Commercial | Mortgage
Accounts, Notes, Loans and Financing Receivable [Line Items]
Nonaccruing	25,276	23,387
Commercial | Other commercial real estate
Accounts, Notes, Loans and Financing Receivable [Line Items]
Nonaccruing	933	1,150
Commercial | Commercial and industrial
Accounts, Notes, Loans and Financing Receivable [Line Items]
Nonaccruing	1,180	1,142
Commercial | Lease financing
Accounts, Notes, Loans and Financing Receivable [Line Items]
Nonaccruing	146	0
Noncommerical
Accounts, Notes, Loans and Financing Receivable [Line Items]
Nonaccruing	3,806	4,120
Noncommerical | Mortgage
Accounts, Notes, Loans and Financing Receivable [Line Items]
Nonaccruing	3,806	3,663
Noncommerical | Construction and land development
Accounts, Notes, Loans and Financing Receivable [Line Items]
Nonaccruing	0	457
Noncommerical | Revolving mortgage
Accounts, Notes, Loans and Financing Receivable [Line Items]
Nonaccruing	0	0
Noncommerical | Consumer and Other
Accounts, Notes, Loans and Financing Receivable [Line Items]
Nonaccruing	0	0
Originated Loans
Accounts, Notes, Loans and Financing Receivable [Line Items]
Nonaccruing	46,952	53,170
Loans and leases greater than 90 days and accruing	9,471	8,784
Originated Loans | Commercial | Construction and land development
Accounts, Notes, Loans and Financing Receivable [Line Items]
Nonaccruing	702	544
Loans and leases greater than 90 days and accruing	192	0
Originated Loans | Commercial | Mortgage
Accounts, Notes, Loans and Financing Receivable [Line Items]
Nonaccruing	28,910	33,529
Loans and leases greater than 90 days and accruing	927	1,113
Originated Loans | Commercial | Other commercial real estate
Accounts, Notes, Loans and Financing Receivable [Line Items]
Nonaccruing	1,459	1,610
Loans and leases greater than 90 days and accruing	0	0
Originated Loans | Commercial | Commercial and industrial
Accounts, Notes, Loans and Financing Receivable [Line Items]
Nonaccruing	1,075	1,428
Loans and leases greater than 90 days and accruing	393	294
Originated Loans | Commercial | Lease financing
Accounts, Notes, Loans and Financing Receivable [Line Items]
Nonaccruing	689	832
Loans and leases greater than 90 days and accruing	0	0
Originated Loans | Noncommerical | Mortgage
Accounts, Notes, Loans and Financing Receivable [Line Items]
Nonaccruing	14,091	14,701
Loans and leases greater than 90 days and accruing	2,609	1,998
Originated Loans | Noncommerical | Construction and land development
Accounts, Notes, Loans and Financing Receivable [Line Items]
Nonaccruing	0	457
Loans and leases greater than 90 days and accruing	206	256
Originated Loans | Noncommerical | Revolving mortgage
Accounts, Notes, Loans and Financing Receivable [Line Items]
Nonaccruing	0	0
Loans and leases greater than 90 days and accruing	4,341	4,450
Originated Loans | Noncommerical | Consumer
Accounts, Notes, Loans and Financing Receivable [Line Items]
Nonaccruing	26	69
Loans and leases greater than 90 days and accruing	$ 803	$ 673

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Employee Benefit Plans (Tables) (Defined Benefit Pension)

3 Months Ended

Mar. 31, 2014

Defined Benefit Pension

Defined Benefit Plan Disclosure [Line Items]

Schedule of Net Benefit Costs

For the three-month periods ended March 31, 2014 and March 31, 2013, the components of pension expense are as follows:

	Three months ended March 31
(Dollars in thousands)	2014			2013
Service cost	$	3,381		$	4,222
Interest cost	6,556			5,895
Expected return on assets	(7,812		)	(6,931		)
Amortization of prior service cost	53			53
Amortization of net actuarial loss	1,546			4,251
Total pension expense	$	3,724		$	7,490

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Derivatives (Tables)

3 Months Ended

Mar. 31, 2014

Derivative [Line Items]

Schedule Of Accumulated Other Comprehensive Income (Loss)

Accumulated other comprehensive loss included the following as of March 31, 2014 and December 31, 2013:

	March 31, 2014									December 31, 2013
(Dollars in thousands)	Accumulated other comprehensive loss			Deferred tax benefit			Accumulated other comprehensive loss, net of tax			Accumulated other comprehensive loss			Deferred tax benefit			Accumulated other comprehensive loss, net of tax
Unrealized losses on investment securities available for sale, net	$	(4,733	)	$	(1,898	)	$	(2,835	)	$	(16,632	)	$	(6,541	)	$	(10,091	)
Unrealized loss on cash flow hedge	(6,501		)	(2,508		)	(3,993		)	(7,220		)	(2,786		)	(4,434		)
Funded status of defined benefit plan	(15,983		)	(6,217		)	(9,766		)	(17,582		)	(6,839		)	(10,743		)
Total	$	(27,217	)	$	(10,623	)	$	(16,594	)	$	(41,434	)	$	(16,166	)	$	(25,268	)

The following table highlights changes in accumulated other comprehensive loss by component for the three months ended March 31, 2014 and March 31, 2013:

	Three months ended March 31, 2014
(Dollars in thousands)	Unrealized gains and losses on available for sale securities1			Gains and losses on cash flow hedges1			Defined benefit pension items1			Total
Beginning balance	$	(10,091	)	$	(4,434	)	$	(10,743	)	$	(25,268	)
Other comprehensive income before reclassifications	7,256			441			—			7,697
Amounts reclassified from accumulated other comprehensive loss	—			—			977			977
Net current period other comprehensive income	7,256			441			977			8,674
Ending balance	$	(2,835	)	$	(3,993	)	$	(9,766	)	$	(16,594	)
	Three months ended March 31, 2013
	Unrealized gains and losses on available for sale securities1			Gains and losses on cash flow hedges1			Defined benefit pension items1			Total
Beginning balance	$	20,517		$	(6,292	)	$	(96,331	)	$	(82,106	)
Other comprehensive income before reclassifications	(911		)	493			—			(418		)
Amounts reclassified from accumulated other comprehensive loss	—			—			2,619			2,619
Net current period other comprehensive (loss) income	(911		)	493			2,619			2,201
Ending balance	$	19,606		$	(5,799	)	$	(93,712	)	$	(79,905	)

¹ All amounts are net of tax. Amounts in parentheses indicate debits.

Interest Rate Swap

Derivative [Line Items]

Schedule Of Interest Rate Swaps

	March 31, 2014				December 31, 2013
(Dollars in thousands)	Notional  amount		Estimated fair value of liability		Notional  amount		Estimated fair value of liability
2011 interest rate swap hedging variable rate exposure on trust preferred securities 2011-2016	$	93,500	$	6,501	$	93,500	$	7,220

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Consolidated Statements of Cash Flows (USD $) In Thousands, unless otherwise specified	3 Months Ended
	Mar. 31, 2014	Mar. 31, 2013
OPERATING ACTIVITIES
Net income	$ 22,366	$ 55,585
Adjustments to reconcile net income to cash provided by operating activities:
Provision for loan and lease losses	(1,903)	(18,606)
Deferred tax expense (benefit)	(4,512)	7,733
Change in current taxes payable	40,710	31,625
Depreciation	17,684	17,994
Change in accrued interest payable	(1,062)	(2,700)
Change in income earned not collected	(1,278)	411
Gain on sale of other assets	0	(4,085)
Origination of loans held for sale	(67,862)	(117,981)
Proceeds from sale of loans held for sale	64,009	121,523
Gain on sale of loans	(1,054)	(3,560)
Loss on sale of other real estate	3,441	1,350
Net amortization of premiums and discounts	(5,796)	(47,236)
FDIC receivable for loss share agreements	4,359	5,619
Net change in other assets	(8,206)	(7,038)
Net change in other liabilities	2,186	32,662
Net cash provided by operating activities	63,082	73,296
INVESTING ACTIVITIES
Net change in loans outstanding	(4,788)	269,428
Purchases of investment securities available for sale	(911,409)	(736,923)
Proceeds from maturities of investment securities held to maturity	125	113
Proceeds from maturities of investment securities available for sale	866,803	676,188
Net change in overnight investments	(302,145)	(511,052)
Cash received from the FDIC for loss share agreements	(3,490)	42,519
Proceeds from sale of other real estate	10,602	36,019
Additions to premises and equipment	(17,326)	(8,713)
Business acquisition, net of cash acquired	18,194	0
Net cash (used) provided by investing activities	(343,434)	(232,421)
FINANCING ACTIVITIES
Net change in time deposits	(51,268)	(195,381)
Net change in demand and other interest-bearing deposits	308,876	174,277
Net change in short-term borrowings	35,970	4,597
Repayment of long-term obligations	(469)	(669)
Repurchase of common stock	0	(321)
Cash dividends paid	(2,885)	(2,891)
Net cash provided (used) by financing activities	290,224	(20,388)
Change in cash and due from banks	9,872	(179,513)
Cash and due from banks at beginning of period	533,599	639,730
Cash and due from banks at end of period	543,471	460,217
CASH PAYMENTS FOR:
Interest	13,525	18,422
Income taxes	2,184	3,364
SUPPLEMENTAL DISCLOSURE OF NONCASH INVESTING AND FINANCING ACTIVITIES:
Transfers of loans to other real estate	4,832	38,008
Dividends declared but not paid	$ 2,885	$ 0

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Accumulated Other Comprehensive Loss (Tables)

3 Months Ended

Mar. 31, 2014

Accumulated Other Comprehensive Income (Loss), Net of Tax [Abstract]

Schedule Of Accumulated Other Comprehensive Income (Loss)

Accumulated other comprehensive loss included the following as of March 31, 2014 and December 31, 2013:

	March 31, 2014									December 31, 2013
(Dollars in thousands)	Accumulated other comprehensive loss			Deferred tax benefit			Accumulated other comprehensive loss, net of tax			Accumulated other comprehensive loss			Deferred tax benefit			Accumulated other comprehensive loss, net of tax
Unrealized losses on investment securities available for sale, net	$	(4,733	)	$	(1,898	)	$	(2,835	)	$	(16,632	)	$	(6,541	)	$	(10,091	)
Unrealized loss on cash flow hedge	(6,501		)	(2,508		)	(3,993		)	(7,220		)	(2,786		)	(4,434		)
Funded status of defined benefit plan	(15,983		)	(6,217		)	(9,766		)	(17,582		)	(6,839		)	(10,743		)
Total	$	(27,217	)	$	(10,623	)	$	(16,594	)	$	(41,434	)	$	(16,166	)	$	(25,268	)

The following table highlights changes in accumulated other comprehensive loss by component for the three months ended March 31, 2014 and March 31, 2013:

	Three months ended March 31, 2014
(Dollars in thousands)	Unrealized gains and losses on available for sale securities1			Gains and losses on cash flow hedges1			Defined benefit pension items1			Total
Beginning balance	$	(10,091	)	$	(4,434	)	$	(10,743	)	$	(25,268	)
Other comprehensive income before reclassifications	7,256			441			—			7,697
Amounts reclassified from accumulated other comprehensive loss	—			—			977			977
Net current period other comprehensive income	7,256			441			977			8,674
Ending balance	$	(2,835	)	$	(3,993	)	$	(9,766	)	$	(16,594	)
	Three months ended March 31, 2013
	Unrealized gains and losses on available for sale securities1			Gains and losses on cash flow hedges1			Defined benefit pension items1			Total
Beginning balance	$	20,517		$	(6,292	)	$	(96,331	)	$	(82,106	)
Other comprehensive income before reclassifications	(911		)	493			—			(418		)
Amounts reclassified from accumulated other comprehensive loss	—			—			2,619			2,619
Net current period other comprehensive (loss) income	(911		)	493			2,619			2,201
Ending balance	$	19,606		$	(5,799	)	$	(93,712	)	$	(79,905	)

¹ All amounts are net of tax. Amounts in parentheses indicate debits.

Reclassification out of Accumulated Other Comprehensive Income

	Three months ended March 31, 2014
Details about accumulated other comprehensive loss	Amount reclassified from accumulated other comprehensive income1			Affected line item in the statement where net income is presented
(Dollars in thousands)
Amortization of defined benefit pension items
Prior service costs	$	(53	)	Employee benefits
Actuarial losses	(1,546		)	Employee benefits
	(1,599		)	Income before income taxes
	622			Income taxes
	$	(977	)	Net income
Total reclassifications for the period	$	(977	)
	Three months ended March 31, 2013
Details about accumulated other comprehensive loss	Amount reclassified from accumulated other comprehensive income1			Affected line item in the statement where net income is presented
Amortization of defined benefit pension items
Prior service costs	$	(53	)	Employee benefits
Actuarial losses	(4,251		)	Employee benefits
	(4,304		)	Income before income taxes
	1,685			Income taxes
	$	(2,619	)	Net income
Total reclassifications for the period	$	(2,619	)

¹ Amounts in parentheses indicate debits to profit/loss.

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Loans and Leases (Loans and Leases Outstanding) (Details) (USD $) In Thousands, unless otherwise specified	Mar. 31, 2014	Dec. 31, 2013
Acquired	$ 1,270,818	$ 1,029,426
Originated	12,200,226	12,104,298
Total loans and leases	13,471,044	13,133,724
Commercial
Acquired	923,076	781,307
Originated	8,592,732	8,499,348
Commercial | Construction and land development
Acquired	106,670	78,915
Originated	335,271	319,847
Commercial | Mortgage
Acquired	728,872	642,891
Originated	6,330,843	6,362,490
Commercial | Commercial and industrial
Acquired	38,838	17,254
Originated	1,175,543	1,081,158
Commercial | Lease financing
Originated	394,268	381,763
Commercial | Other commercial real estate
Acquired	47,826	41,381
Originated	177,082	178,754
Commercial | Other
Acquired	870	866
Originated	179,725	175,336
Noncommerical
Acquired	347,742	248,119
Originated	3,607,494	3,604,950
Noncommerical | Mortgage
Acquired	291,254	213,851
Originated	1,030,032	982,421
Noncommerical | Construction and land development
Acquired	28,151	2,583
Originated	119,049	122,792
Noncommerical | Revolving mortgage
Acquired	25,776	30,834
Originated	2,091,000	2,113,285
Noncommerical | Consumer
Acquired	2,561	851
Originated	367,413	386,452
Loss Share Agreement [Member]
Acquired	$ 962,427

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Estimated Fair Values (Estimated Fair Values For Certain Financial Assets And Financial Liabilities) (Details) (USD $) In Thousands, unless otherwise specified	Mar. 31, 2014		Dec. 31, 2013
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Cash and due from banks	$ 543,471		$ 533,599
Overnight investments	1,161,469		859,324
Investment securities available for sale	5,676,237		5,387,703
Investment securities held to maturity	782		907
Loans held for sale	53,361		47,271
FDIC Indemnification Asset	74,784		93,397
Income earned not collected	49,668		48,390
Deposits	18,763,545		17,874,066
FDIC loss share payable	111,339		109,378
Carrying Value
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Cash and due from banks	543,471		533,599
Overnight investments	1,161,469		859,324
Investment securities available for sale	5,676,237		5,387,703
Investment securities held to maturity	782		907
Loans held for sale	53,361		47,271
Loans covered by loss share agreements, net of allowance for loan and lease losses	1,225,825		975,906
Loans and leases not covered by loss share agreements, net of allowance for loan and lease losses	12,022,277		11,924,424
FDIC Indemnification Asset	74,784	[1]	93,397	[1]
Income earned not collected	49,668		48,390
Preferred stock	17,783		33,564
Deposits	18,763,545		17,874,066
Short-term borrowings	617,794		511,418
Long-term obligations	440,300		510,769
FDIC loss share payable	111,339		109,378
Accrued interest payable	5,675		6,737
Derivative Liability, Fair Value, Gross Liability	6,501		7,220
Fair Value
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Cash and due from banks	543,471		533,599
Overnight investments	1,161,469		859,324
Investment securities available for sale	5,676,237		5,387,703
Investment securities held to maturity	835		974
Loans held for sale	54,057		47,956
Loans covered by loss share agreements, net of allowance for loan and lease losses	1,201,309		956,388
Loans and leases not covered by loss share agreements, net of allowance for loan and lease losses	11,659,364		11,589,149
FDIC Indemnification Asset	37,303	[1]	38,438	[1]
Income earned not collected	49,668		48,390
Stock issued by Federal Home Loan Bank	34,417		40,819
Preferred stock	18,521		34,786
Deposits	18,785,474		17,898,570
Short-term borrowings	617,794		511,418
Long-term obligations	453,313		526,037
FDIC loss share payable	115,129		111,941
Accrued interest payable	5,675		6,737
Derivative Liability, Fair Value, Gross Liability	$ 6,501		$ 7,220

[1] The fair value of the FDIC receivable excludes amortization expected to be recognized in prospective periods.

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Consolidated Balance Sheets (USD $) In Thousands, unless otherwise specified	Mar. 31, 2014		Dec. 31, 2013
Assets
Cash and due from banks	$ 543,471		$ 533,599
Overnight investments	1,161,469		859,324
Investment securities available for sale	5,676,237		5,387,703
Investment securities held to maturity	782		907
Loans held for sale	53,361		47,271
Loans and leases:
Acquired	1,270,818		1,029,426
Originated	12,200,226		12,104,298
Less allowance for loan and lease losses	(222,942)		(233,394)
Net loans and leases	13,248,102		12,900,330
Premises and equipment	878,850		876,522
Other real estate owned:
Covered under loss share agreements in other real estate owned	41,855	[1]	47,081
Not covered under loss share agreements in other real estate owned	44,504	[1],[2]	36,898
Income earned not collected	49,668		48,390
FDIC Indemnification Asset	74,784		93,397
Goodwill	127,140		102,625
Other intangible assets	4,390		1,247
Other assets	250,384		263,797
Total assets	22,154,997		21,199,091
Liabilities
Noninterest-bearing	5,627,868		5,241,817
Interest-bearing	13,135,677		12,632,249
Total deposits	18,763,545		17,874,066
Short-term borrowings	617,794		511,418
Long-term obligations	440,300		510,769
FDIC loss share payable	111,339		109,378
Other liabilities	117,189		116,785
Total liabilities	20,050,167		19,122,416
Shareholders' Equity
Surplus	143,766		143,766
Retained earnings	1,968,039		1,948,558
Accumulated other comprehensive loss	(16,594)		(25,268)
Total shareholders' equity	2,104,830		2,076,675
Total liabilities and shareholders' equity	22,154,997		21,199,091
Class A Common Stock
Shareholders' Equity
Common stock	8,586		8,586
Class B Common Stock
Shareholders' Equity
Common stock	$ 1,033		$ 1,033

[1] Text selection found with no content.

[2] Noncovered additions include $11.6 million from the 1st Financial merger.

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Loans and Leases (Changes In Carrying Value Of Acquired Impaired Loans) (Details) (USD $) In Thousands, unless otherwise specified	3 Months Ended
	Mar. 31, 2014	Mar. 31, 2013	Mar. 31, 2014 Loans on the Cost Recovery Method	Dec. 31, 2013 Loans on the Cost Recovery Method
Carrying Value of Acquired Impaired Loans [Roll Forward]
Beginning balance	$ 1,029,426	$ 2,362,152	$ 52,100	$ 28,500
Fair value of acquired impaired loans covered by loss share agreements	316,327	0
Accretion	30,200	79,886
Reductions for repayments, foreclosures and changes in carrying value, net of accretion	(105,135)	(258,169)
Ending balance	1,270,818	2,183,869	52,100	28,500
Outstanding principal balance	$ 1,727,492	$ 3,618,722

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Consolidated Statements of Changes In Shareholders' Equity (USD $) In Thousands, unless otherwise specified	Total	Class A Common Stock	Common Stock Class A Common Stock	Common Stock Class B Common Stock	Surplus	Surplus Class A Common Stock	Retained Earnings	Retained Earnings Class A Common Stock	Accumulated Other Comprehensive Loss	Accumulated Other Comprehensive Loss Class A Common Stock
Beginning balance at Dec. 31, 2012	$ 1,864,007		$ 8,588	$ 1,033	$ 143,766		$ 1,792,726		$ (82,106)
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Net income	55,585		0	0	0		55,585		0
Net current period other comprehensive income	2,201		0	0	0		0		2,201
Repurchase of common stock shares		(321)	(2)			0		(319)		0
Cash dividends	(2,891)		0	0	0		(2,891)		0
Ending balance at Mar. 31, 2013	1,918,581		8,586	1,033	143,766		1,845,101		(79,905)
Beginning balance at Dec. 31, 2013	2,076,675		8,586	1,033	143,766		1,948,558		(25,268)
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Net income	22,366		0	0	0		22,366		0
Net current period other comprehensive income	8,674		0	0	0		0		8,674
Cash dividends	(2,885)		0	0	0		(2,885)		0
Ending balance at Mar. 31, 2014	$ 2,104,830		$ 8,586	$ 1,033	$ 143,766		$ 1,968,039		$ (16,594)

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Commitments and Contingencies (Details) (USD $)							3 Months Ended
	Mar. 31, 2014	Dec. 31, 2013	Mar. 31, 2014 Commitments to Extend Credit	Dec. 31, 2013 Commitments to Extend Credit	Mar. 31, 2014 Standby Letters of Credit	Dec. 31, 2013 Standby Letters of Credit	Mar. 31, 2014 Recourse Obligation on Mortgage Loans Sold	Mar. 31, 2014 Obligation to Repurchase Receivables Sold
Guarantor Obligations [Line Items]
Unused commitments			$ 6,110,000,000	$ 5,840,000,000
Guarantor obligations amount					52,300,000	54,800,000
Reserve for estimated losses arising from repurchase of loans								3,600,000
FDIC Indemnification Asset	74,784,000	93,397,000
Recourse Period, Maximum1							120 days
FDIC loss share payable	$ 111,339,000	$ 109,378,000

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Investments (Aggregate Values and Unrealized Gains and Losses) (Details) (USD $) In Thousands, unless otherwise specified	Mar. 31, 2014	Dec. 31, 2013
Investment securities available for sale
Cost	$ 5,680,970	$ 5,404,335
Gross Unrealized Gains	29,684	28,188
Available For Sale Securities Gross Unrealized Loss Accumulated In Investments	34,417	44,820
Fair Value	5,676,237	5,387,703
Investment securities held to maturity
Cost	782	907
U. S. Treasury
Investment securities available for sale
Cost	1,274,716	373,223
Gross Unrealized Gains	379	259
Available For Sale Securities Gross Unrealized Loss Accumulated In Investments	1,874	45
Fair Value	1,273,221	373,437
Government Agency
Investment securities available for sale
Cost	1,811,889	2,543,223
Gross Unrealized Gains	1,764	1,798
Available For Sale Securities Gross Unrealized Loss Accumulated In Investments	879	792
Fair Value	1,812,774	2,544,229
Mortgage Backed Securities, Other [Member]
Investment securities available for sale
Cost	2,592,766	2,486,297
Gross Unrealized Gains	5,524	4,526
Available For Sale Securities Gross Unrealized Loss Accumulated In Investments	31,624	43,950
Fair Value	2,566,666	2,446,873
Investment securities held to maturity
Cost	782	907
Held To Maturity Securities Accumulated Unrecognized Holding Gain	53	67
Held To Maturity Securities Accumulated Unrecognized Holding Loss	0	0
Fair Value	835	974
Equity Securities
Investment securities available for sale
Cost	543	543
Gross Unrealized Gains	22,017	21,604
Available For Sale Securities Gross Unrealized Loss Accumulated In Investments	0	0
Fair Value	22,560	22,147
State, County and Municipal
Investment securities available for sale
Cost	186	186
Gross Unrealized Gains	0	1
Available For Sale Securities Gross Unrealized Loss Accumulated In Investments	0	0
Fair Value	186	187
Other Debt Obligations
Investment securities available for sale
Cost	870	863
Gross Unrealized Gains	0	0
Available For Sale Securities Gross Unrealized Loss Accumulated In Investments	40	33
Fair Value	$ 830	$ 830

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Subsequent Events (Details) (Subsequent Event [Member], USD $)	Apr. 29, 2014
Subsequent Event [Member]
Subsequent Event [Line Items]
Preferred Stock, Shares Authorized	10,000,000
Preferred Stock, Par or Stated Value Per Share	$ 0.01

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Accounting Policies and Basis of Presentation Policies (Policies)

3 Months Ended

Mar. 31, 2014

Accounting Policies [Abstract]

Reclassification, Policy [Policy Text Block]

Reclassifications

In certain instances, amounts reported in prior years' consolidated financial statements have been reclassified to conform to the current financial statement presentation. Such reclassifications had no effect on previously reported cash flows, shareholders' equity or net income.

Use of Estimates, Policy [Policy Text Block]

Use of Estimates in the Preparation of Financial Statements

The preparation of financial statements in conformity with GAAP requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities and disclosure of contingent assets and liabilities as of the date of the financial statements and the reported amounts of revenues and expenses during the reporting periods. Actual results could differ from those estimates, and different assumptions in the application of these policies could result in material changes in BancShares' consolidated financial position, the consolidated results of its operations or related disclosures. Material estimates that are particularly susceptible to significant change include the determination of the allowance for loan and lease losses; determination of the fair value of financial instruments; pension plan assumptions; cash flow estimates on acquired loans; the receivable from and payable to the FDIC for loss share agreements; purchase accounting-related adjustments; and income tax assets, liabilities and expense.

New Accounting Pronouncements, Policy [Policy Text Block]

Recent Accounting Pronouncements

Financial Accounting Standards Board (FASB) Accounting Standards Update (ASU ) 2014-04, “Receivables-Troubled Debt Restructurings by Creditors (Subtopic 310-40)”

This ASU clarifies that an in-substance repossession or foreclosure occurs, and a creditor is considered to have received physical possession of residential real estate property collateralizing a consumer mortgage loan, upon either (1) the creditor obtaining legal title to the residential real estate property upon completion of a foreclosure or (2) the borrower conveying all interest in the residential real estate property to the creditor to satisfy that loan through completion of a deed in lieu of foreclosure or through a similar legal agreement. Additionally, the amendments require interim and annual disclosure of both (1) the amount of foreclosed residential real estate property held by the creditor and (2) the recorded investment in consumer mortgage loans collateralized by residential real estate property that are in the process of foreclosure according to local requirements of the applicable jurisdiction.

The amendments in this ASU are effective for annual periods, and interim periods within those annual periods, beginning after December 15, 2014. We will adopt the guidance effective the first quarter of 2015, and we do not anticipate any effect on our consolidated financial position or consolidated results of operations as a result of adoption.

FASB ASU 2013-11, “Income Taxes (Topic 740)”

This ASU states that an unrecognized tax benefit, or a portion of an unrecognized tax benefit, should be presented in the financial statements as a reduction to a deferred tax asset for a net operating loss carryforward, a similar tax loss, or a tax credit carryforward, except as follows: to the extent a net operating loss carryforward, a similar tax loss, or a tax credit carryforward is not available at the reporting date under the tax law of the applicable jurisdiction to settle any additional income taxes that would result from the disallowance of a tax position or the tax law of the applicable jurisdiction does not require BancShares to use, and BancShares does not intend to use, the deferred tax asset for such purpose, the unrecognized tax benefit should be presented in the financial statements as a liability and should not be combined with deferred tax assets. The assessment of whether a deferred tax asset is available is based on the unrecognized tax benefit and deferred tax asset that exist at the reporting date and should be made presuming disallowance of the tax position at the reporting date.

The provisions of this ASU are effective for fiscal years, and interim periods within those years, beginning after December 15, 2013. BancShares adopted the guidance effective first quarter of 2014. The initial adoption had no effect on our consolidated financial position or consolidated results of operations.

FASB ASU 2013-04, “Liabilities”

This ASU provides guidance for the recognition, measurement, and disclosure of obligations resulting from joint and several liability arrangements for which the total amount of the obligation within the scope of this ASU is fixed at the reporting date, except for obligations addressed within existing guidance in GAAP.

The amendments in this update are effective for fiscal years beginning after December 31, 2013. BancShares adopted the guidance effective first quarter of 2014. The initial adoption did not have any effect on our consolidated financial position or consolidated results of operations.

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Investments (Maturity Information) (Details) (USD $) In Thousands, unless otherwise specified	Mar. 31, 2014	Dec. 31, 2013
Investment securities available for sale
Total investment securities available for sale, cost	$ 5,680,970	$ 5,404,335
Total investment securities available for sale, fair value	5,676,237	5,387,703
Investment securities held to maturity
Investment securities held to maturity	782	907
Debt Securities
Investment securities available for sale
Maturing in one year or less, cost	829,091	839,956
Maturing in one through five years, cost	2,258,570	2,077,539
Maturing in one year or less, fair value	829,997	840,883
Maturing in one through five years, fair value	2,257,014	2,077,800
Equity Securities
Investment securities available for sale
Total investment securities available for sale, cost	543	543
Total investment securities available for sale, fair value	22,560	22,147
Mortgage Backed Securities, Other [Member]
Investment securities available for sale
Total investment securities available for sale, cost	2,592,766	2,486,297
Total investment securities available for sale, fair value	2,566,666	2,446,873
Investment securities held to maturity
Investment securities held to maturity	782	907
Fair Value	$ 835	$ 974

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Investments (Tables)

3 Months Ended

Mar. 31, 2014

Investments [Abstract]

Aggregate Values And Unrealized Gains And Losses Of Investment Securities

The amortized cost and fair value of investment securities classified as available for sale and held to maturity at March 31, 2014 and December 31, 2013, are as follows:

	March 31, 2014
(Dollars in thousands)	Cost		Gross unrealized gains		Gross unrealized losses		Fair value
Investment securities available for sale
U.S. Treasury	$	1,274,716	$	379	$	1,874	$	1,273,221
Government agency	1,811,889		1,764		879		1,812,774
Mortgage-backed securities	2,592,766		5,524		31,624		2,566,666
Equity securities	543		22,017		—		22,560
Municipal securities	186		—		—		186
Other	870		—		40		830
Total investment securities available for sale	$	5,680,970	$	29,684	$	34,417	$	5,676,237
	December 31, 2013
	Cost		Gross unrealized gains		Gross unrealized losses		Fair value
U.S. Treasury	$	373,223	$	259	$	45	$	373,437
Government agency	2,543,223		1,798		792		2,544,229
Mortgage-backed securities	2,486,297		4,526		43,950		2,446,873
Equity securities	543		21,604		—		22,147
Municipal securities	186		1		—		187
Other	863		—		33		830
Total investment securities available for sale	$	5,404,335	$	28,188	$	44,820	$	5,387,703
	March 31, 2014
	Cost		Gross unrealized gains		Gross unrealized losses		Fair value
Investment securities held to maturity
Mortgage-backed securities	$	782	$	53	$	—	$	835
	December 31, 2013
	Cost		Gross unrealized gains		Gross unrealized losses		Fair value
Mortgage-backed securities	$	907	$	67	$	—	$	974

Investment Securities Maturity Information

The following table provides the amortized cost and fair value by contractual maturity. Expected maturities will differ from contractual maturities because borrowers and issuers may have the right to call or prepay obligations with or without prepayment penalties. Repayments of mortgage-backed securities are dependent on the repayments of the underlying loan balances. Equity securities do not have a stated maturity date.

	March 31, 2014				December 31, 2013
(Dollars in thousands)	Cost		Fair value		Cost		Fair value
Investment securities available for sale
Amortizing securities maturing in:
One year or less	$	829,091	$	829,997	$	839,956	$	840,883
One through five years	2,258,570		2,257,014		2,077,539		2,077,800
Mortgage-backed securities	2,592,766		2,566,666		2,486,297		2,446,873
Equity securities	543		22,560		543		22,147
Total investment securities available for sale	$	5,680,970	$	5,676,237	$	5,404,335	$	5,387,703
Investment securities held to maturity
Mortgage-backed securities held to maturity	$	782	$	835	$	907	$	974

Securities Gains (Losses)

There were no realized securities gains (losses) during any period presented.

Investment Securities With Unrealized Losses

The following table provides information regarding securities with unrealized losses as of March 31, 2014 and December 31, 2013.

	March 31, 2014
	Less than 12 months				12 months or more				Total
(Dollars in thousands)	Fair Value		Unrealized Losses		Fair Value		Unrealized Losses		Fair Value		Unrealized Losses
Investment securities available for sale:
U.S. Treasury	$	699,985	$	1,874	$	—	$	—	$	699,985	$	1,874
Government agency	400,423		879		—		—		400,423		879
Mortgage-backed securities	2,012,814		30,816		23,622		808		2,036,436		31,624
Other	830		40		—		—		830		40
Total	$	3,114,052	$	33,609	$	23,622	$	808	$	3,137,674	$	34,417
	December 31, 2013
	Less than 12 months				12 months or more				Total
	Fair Value		Unrealized Losses		Fair Value		Unrealized Losses		Fair Value		Unrealized Losses
Investment securities available for sale:
U.S. Treasury	$	102,105	$	45	$	—	$	—	$	102,105	$	45
Government agency	780,552		761		29,969		31		810,521		792
Mortgage-backed securities	2,221,213		42,876		26,861		1,074		2,248,074		43,950
Other	830		33		—		—		830		33
Total	$	3,104,700	$	43,715	$	56,830	$	1,105	$	3,161,530	$	44,820

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Consolidated Statements of Changes In Shareholders' Equity (Parenthetical) (USD $)	3 Months Ended
	Mar. 31, 2014	Mar. 31, 2013
Statement of Stockholders' Equity [Abstract]
Cash dividends (in dollars per share)	$ 0.30	$ 0.30
Class A Common Stock
Statement of Stockholders' Equity [Abstract]
Repurchase of common stock (in shares)	0	1,973
Class B Common Stock
Statement of Stockholders' Equity [Abstract]
Repurchase of common stock (in shares)	0	0

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Consolidated Balance Sheets (Parenthetical) (USD $)	Mar. 31, 2014	Dec. 31, 2013
Class A Common Stock
Common stock, par value (in dollars per share)	$ 1	$ 1
Common stock, shared authorized	11,000,000	11,000,000
Common stock, shares issued	8,586,058	8,586,058
Common stock, shares outstanding	8,586,058	8,586,058
Class B Common Stock
Common stock, par value (in dollars per share)	$ 1	$ 1
Common stock, shared authorized	2,000,000	2,000,000
Common stock, shares issued	1,032,883	1,032,883
Common stock, shares outstanding	1,032,883	1,032,883

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Employee Benefit Plans

3 Months Ended

Mar. 31, 2014

General Discussion of Pension and Other Postretirement Benefits [Abstract]

Employee Benefit Plans

Employee Benefit Plans

Pension expense is a component of employee benefits expense. For the three-month periods ended March 31, 2014 and March 31, 2013, the components of pension expense are as follows:

	Three months ended March 31
(Dollars in thousands)	2014			2013
Service cost	$	3,381		$	4,222
Interest cost	6,556			5,895
Expected return on assets	(7,812		)	(6,931		)
Amortization of prior service cost	53			53
Amortization of net actuarial loss	1,546			4,251
Total pension expense	$	3,724		$	7,490

The assumed discount rate for 2014 is 4.90 percent, the expected long-term rate of return on plan assets is 7.50 percent and the assumed rate of salary increases is 4.00 percent. For 2013 the assumed discount rate was 4.00 percent, expected long-term rate of return was 7.25 percent and the assumed rate of salary increases was 4.00 percent.

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Document And Entity Information	3 Months Ended
	Mar. 31, 2014	May 07, 2014 Class A Common Stock	May 07, 2014 Class B Common Stock
Entity Registrant Name	FIRST CITIZENS BANCSHARES INC /DE/
Entity Central Index Key	0000798941
Current Fiscal Year End Date	--12-31
Entity Filer Category	Large Accelerated Filer
Document Type	10-Q
Document Period End Date	Mar. 31, 2014
Document Fiscal Year Focus	2014
Document Fiscal Period Focus	Q1
Amendment Flag	false
Entity Common Stock, Shares Outstanding		8,586,058	1,032,883

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Commitments and Contingencies

3 Months Ended

Mar. 31, 2014

Commitments and Contingencies Disclosure [Abstract]

Commitments and Contingencies

Commitments and Contingencies

To meet the financing needs of its customers, BancShares and its subsidiaries have financial instruments with off-balance sheet risk. These financial instruments include commitments to extend credit, standby letters of credit and recourse obligations on mortgage loans sold. These instruments involve elements of credit, interest rate or liquidity risk.

Commitments to extend credit are legally binding agreements to lend to customers. Commitments generally have fixed expiration dates or other termination clauses and may require payment of fees. Since many of the commitments are expected to expire without being drawn upon, the total commitment amounts do not necessarily represent future liquidity requirements. Established credit standards control the credit risk exposure associated with these commitments. In some cases, BancShares requires that collateral be pledged to secure the commitment, including cash deposits, securities and other assets. At March 31, 2014, BancShares had unused commitments totaling $6.11 billion, compared to $5.84 billion at December 31, 2013.

Standby letters of credit are commitments guaranteeing performance of a customer to a third party. Those commitments are primarily issued to support public and private borrowing arrangements. To mitigate its risk, BancShares’ follows its credit policies in the issuance of standby letters of credit. At March 31, 2014 and December 31, 2013, BancShares had standby letters of credit amounting to $52.3 million and $54.8 million, respectively. The credit risk related to the issuance of these letters of credit is essentially the same as that involved in extending loans to clients and, therefore, these letters of credit are collateralized when necessary.

Pursuant to standard representations and warranties relating to residential mortgage loan sales, contingent obligations exist for various events that may occur following the loan sale. If underwriting or documentation deficiencies are discovered at any point in the life of the loan or if the loan becomes nonperforming within 120 days of its sale, the investor may require BancShares to repurchase the loan or to repay a portion of the sale proceeds. Other liabilities included reserves of $3.6 million as of March 31, 2014, unchanged from December 31, 2013, for estimated losses arising from these standard representation and warranty provisions.

BancShares has recorded a receivable from the FDIC totaling $74.8 million and $93.4 million as of March 31, 2014 and December 31, 2013 for the expected reimbursement of losses on assets covered under the various loss share agreements. These loss share agreements impose certain obligations on us that, in the event of noncompliance, could result in the delay or disallowance of some or all of our rights under those agreements. Requests for reimbursement are subject to FDIC review and may be delayed or disallowed for noncompliance. The loss share agreements are subject to interpretation by both the FDIC and FCB, and disagreements may arise regarding coverage of losses, expenses and contingencies.

The loss share agreements for four FDIC-assisted transactions include provisions related to contingent payments that may be owed to the FDIC at the termination of the agreements (clawback liability).The clawback liability represents a payment by BancShares to the FDIC if actual cumulative losses on acquired covered assets are lower than the cumulative losses originally estimated by the FDIC at the time of acquisition. The clawback liability is estimated by discounting estimated future payments and is recorded in the Consolidated Balance Sheets as a payable to the FDIC under the relevant loss share agreements. As of March 31, 2014 and December 31, 2013, the estimated clawback liability was $111.3 million and $109.4 million, respectively.

BancShares and various subsidiaries have been named as defendants in legal actions arising from their normal business activities in which damages in various amounts are claimed. BancShares is also exposed to litigation risk relating to the prior business activities of banks from which assets were acquired and liabilities assumed in the various FDIC-assisted transactions. Although the amount of any ultimate liability with respect to such matters cannot be determined, in the opinion of management, any such liability will not have a material effect on BancShares’ consolidated financial statements.

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Consolidated Statements of Income (USD $) In Thousands, except Share data, unless otherwise specified	3 Months Ended
	Mar. 31, 2014	Mar. 31, 2013
Interest income
Loans and leases	$ 161,034	$ 211,763
Investment securities:
Total investment securities interest and dividend income	11,748	8,484
Overnight investments	612	357
Total interest income	173,394	220,604
Interest expense
Deposits	6,825	10,313
Short-term borrowings	585	704
Long-term obligations	5,053	4,705
Total interest expense	12,463	15,722
Net interest income	160,931	204,882
Provision for loan and lease losses	(1,903)	(18,606)
Net interest income after provision for loan and lease losses	162,834	223,488
Noninterest income
Cardholder and merchant services	11,832	11,071
Merchant Discount Fees	13,521	12,486
Service charges on deposit accounts	14,440	14,999
Wealth management services	14,880	14,515
Fees from processing services	4,861	5,619
Other service charges and fees	3,944	3,766
Mortgage income	955	3,788
Insurance commissions	3,287	2,980
ATM income	1,202	1,168
Adjustments for FDIC receivable for loss share agreements	(12,349)	(24,053)
Other	4,608	11,174
Total noninterest income	61,181	57,513
Noninterest expense
Salaries and wages	79,874	76,119
Employee benefits	20,100	25,019
Occupancy expense	20,425	18,809
Equipment expense	18,791	18,946
FDIC insurance expense	2,636	2,666
Foreclosure-related expenses	5,410	4,305
Other	43,794	48,491
Total noninterest expense	191,030	194,355
Income before income taxes	32,985	86,646
Income taxes	10,619	31,061
Net income	$ 22,366	$ 55,585
Average shares outstanding (in shares)	9,618,941	9,618,985
Net income per share	$ 2.33	$ 5.78

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Loans and Leases

3 Months Ended

Mar. 31, 2014

Loans and Leases Receivable Disclosure [Abstract]

Loans and Leases

Loans and Leases

Loans and leases outstanding, by class, include the following as of the dates indicated:

(Dollars in thousands)	March 31, 2014		December 31, 2013
Acquired loans
Commercial:
Construction and land development	$	106,670	$	78,915
Commercial mortgage	728,872		642,891
Other commercial real estate	47,826		41,381
Commercial and industrial	38,838		17,254
Other	870		866
Total commercial loans	923,076		781,307
Noncommercial:
Residential mortgage	291,254		213,851
Revolving mortgage	25,776		30,834
Construction and land development	28,151		2,583
Consumer	2,561		851
Total noncommercial loans	347,742		248,119
Total acquired loans	1,270,818		1,029,426
Originated loans and leases:
Commercial:
Construction and land development	335,271		319,847
Commercial mortgage	6,330,843		6,362,490
Other commercial real estate	177,082		178,754
Commercial and industrial	1,175,543		1,081,158
Lease financing	394,268		381,763
Other	179,725		175,336
Total commercial loans	8,592,732		8,499,348
Noncommercial:
Residential mortgage	1,030,032		982,421
Revolving mortgage	2,091,000		2,113,285
Construction and land development	119,049		122,792
Consumer	367,413		386,452
Total noncommercial loans	3,607,494		3,604,950
Total originated loans and leases	12,200,226		12,104,298
Total loans and leases	$	13,471,044	$	13,133,724

At March 31, 2014, $962.4 million in acquired loans were covered under loss share agreements, compared to $1.03 billion at December 31, 2013. The remaining acquired loans as of March 31, 2014 are from the 1st Financial merger.

At March 31, 2014, $2.57 billion in originated loans were pledged to secure debt obligations, compared to $2.56 billion at December 31, 2013.

Credit quality indicators

Loans and leases are monitored for credit quality on a recurring basis. The credit quality indicators used are dependent on the portfolio segment to which the loan relates. Originated commercial loans and leases, originated noncommercial loans and leases and acquired loans have different credit quality indicators as a result of the unique characteristics relative to each loan segment being evaluated.

The credit quality indicators for commercial loans and leases are developed through a review of individual borrowers on an ongoing basis. Each commercial loan is evaluated annually with more frequent evaluation of more severely criticized loans or leases. The credit quality indicators for noncommercial loans are based on the delinquency status of the borrower. As the borrower becomes more delinquent, the likelihood of loss increases. Acquired loans are bifurcated into commercial and noncommercial segments and credit quality indicators are assigned in the same manner as the originated portfolio. The indicators represent the rating for loans or leases as of the date presented based on the most recent assessment performed. These credit quality indicators are defined as follows:

Pass – A pass rated asset is one in which repayment is considered highly likely and there are no observable weaknesses in the asset. Such an asset does not meet any of the characteristics for adverse classification.

Special mention – A special mention asset has potential weaknesses that deserve management’s close attention. If left uncorrected, such potential weaknesses may result in deterioration of the repayment prospects or collateral position at some future date. Special mention assets are not adversely classified and do not warrant adverse classification.

Substandard – A substandard asset is inadequately protected by the current net worth and paying capacity of the borrower or of the collateral pledged, if any. Assets classified as substandard generally have a well-defined weakness, or weaknesses, that jeopardize the liquidation of the debt. These assets are characterized by the distinct possibility of loss if the deficiencies are not corrected.

Doubtful – An asset classified as doubtful has all the weaknesses inherent in an asset classified substandard with the added characteristic that the weaknesses make collection or liquidation in full highly questionable and improbable on the basis of currently existing facts, conditions and values.

Loss – Assets classified as loss are considered uncollectible and of such little value that it is inappropriate to be carried as an asset. This classification is not necessarily equivalent to no potential for recovery or salvage value, but rather that it is not appropriate to defer a full charge-off even though partial recovery may be effected in the future.

Ungraded – Ungraded loans represent loans that are not included in the individual credit grading process due to their relatively small balances or borrower type. The majority of originated, ungraded loans at March 31, 2014 and December 31, 2013 relate to business credit cards. Business credit card loans are subject to automatic charge-off when they become 120 days past due in the same manner as unsecured consumer lines of credit. The remaining balance is comprised of a small amount of commercial mortgage loans and other smaller balance consumer loans. Prior to March 31, 2014, ungraded loans also included tobacco buyout loans classified as commercial and industrial loans. Final payment from the Commodity Credit Corporation was received during January 2014 for tobacco buyout loans held by FCB. As of March 31, 2014, ungraded also includes $122.2 million of loans resulting from the 1st Financial merger.

Originated loans and leases outstanding at March 31, 2014 and December 31, 2013 by credit quality indicator are provided below:

	March 31, 2014
(Dollars in thousands)	Originated commercial loans and leases
Grade:	Construction  and land development		Commercial mortgage		Other commercial real estate		Commercial  and industrial		Lease financing		Other		Total originated commercial loans and leases
Pass	$	323,876	$	6,064,405	$	173,517	$	1,074,210	$	386,324	$	179,640	$	8,201,972
Special mention	8,442		117,436		1,302		16,777		4,233		10		148,200
Substandard	2,953		143,723		2,119		6,051		3,155		70		158,071
Doubtful	—		4,227		—		152		543		5		4,927
Ungraded	—		1,052		144		78,353		13		—		79,562
Total	$	335,271	$	6,330,843	$	177,082	$	1,175,543	$	394,268	$	179,725	$	8,592,732
	December 31, 2013
	Originated commercial loans and leases
	Construction  and land development		Commercial mortgage		Other commercial real estate		Commercial  and industrial		Lease financing		Other		Total originated commercial loans and leases
Pass	$	308,231	$	6,094,505	$	174,913	$	964,840	$	375,371	$	174,314	$	8,092,174
Special mention	8,620		119,515		1,362		14,686		2,160		982		147,325
Substandard	2,944		141,913		2,216		6,352		3,491		40		156,956
Doubtful	52		5,159		75		144		592		—		6,022
Ungraded	—		1,398		188		95,136		149		—		96,871
Total	$	319,847	$	6,362,490	$	178,754	$	1,081,158	$	381,763	$	175,336	$	8,499,348

	March 31, 2014
	Originated noncommercial loans and leases
(Dollars in thousands)	Residential mortgage		Revolving mortgage		Construction and land development		Consumer		Total originated noncommercial loans
Current	$	1,003,016	$	2,072,832	$	117,161	$	363,259	$	3,556,268
30-59 days past due	16,845		10,578		888		2,156		30,467
60-89 days past due	1,063		3,249		794		1,195		6,301
90 days or greater past due	9,108		4,341		206		803		14,458
Total	$	1,030,032	$	2,091,000	$	119,049	$	367,413	$	3,607,494
	December 31, 2013
	Originated noncommercial loans and leases
	Residential mortgage		Revolving mortgage		Construction and land development		Consumer		Total originated noncommercial loans
Current	$	955,300	$	2,095,480	$	121,026	$	382,710	$	3,554,516
30-59 days past due	12,885		10,977		1,193		2,114		27,169
60-89 days past due	4,658		2,378		317		955		8,308
90 days or greater past due	9,578		4,450		256		673		14,957
Total	$	982,421	$	2,113,285	$	122,792	$	386,452	$	3,604,950

Acquired loans and leases outstanding at March 31, 2014 and December 31, 2013 by credit quality indicator are provided below:

	March 31, 2014
(Dollars in thousands)	Acquired loans
Grade:	Construction and land development - commercial		Commercial mortgage		Other commercial real estate		Commercial and industrial		Residential mortgage		Revolving mortgage		Construction and land development - noncommercial		Consumer and other		Total acquired loans
Pass	$	14,789	$	375,245	$	28,526	$	29,918	$	131,765	$	20,240	$	32	$	1,387	$	601,902
Special mention	24,065		134,414		114		3,260		4,823		2,649		—		—		169,325
Substandard	58,374		182,540		10,473		4,686		46,044		1,891		1,716		—		305,724
Doubtful	5,101		36,040		8,713		954		1,931		911		295		—		53,945
Ungraded	4,341		633		—		20		106,691		85		26,108		2,044		139,922
Total	$	106,670	$	728,872	$	47,826	$	38,838	$	291,254	$	25,776	$	28,151	$	3,431	$	1,270,818
	December 31, 2013
	Acquired loans
	Construction and land development - commercial		Commercial mortgage		Other commercial real estate		Commercial and industrial		Residential mortgage		Revolving mortgage		Construction and land development - noncommercial		Consumer and other		Total acquired loans
Pass	$	2,619	$	296,824	$	22,225	$	8,021	$	135,326	$	26,322	$	149	$	1,345	$	492,831
Special mention	15,530		125,295		3,431		2,585		6,301		2,608		—		—		155,750
Substandard	52,228		179,657		7,012		5,225		52,774		1,013		2,139		—		300,048
Doubtful	7,436		40,471		8,713		1,257		2,058		891		295		—		61,121
Ungraded	1,102		644		—		166		17,392		—		—		372		19,676
Total	$	78,915	$	642,891	$	41,381	$	17,254	$	213,851	$	30,834	$	2,583	$	1,717	$	1,029,426

The aging of the outstanding loans and leases, by class, at March 31, 2014 and December 31, 2013 (excluding loans and leases acquired with deteriorated credit quality) is provided in the table below.

The calculation of days past due begins on the day after payment is due and includes all days through which all required interest or principal has not been paid. Loans and leases 30 days or less past due are considered current as various grace periods allow borrowers to make payments within a stated period after the due date and still remain in compliance with the loan agreement.

	March 31, 2014
(Dollars in thousands)	30-59 days past due		60-89 days past due		90 days or greater		Total past due		Current		Total loans and leases
Originated loans and leases:
Construction and land development - commercial	$	537	$	184	$	655	$	1,376	$	333,895	$	335,271
Commercial mortgage	24,451		3,934		11,248		39,633		6,291,210		6,330,843
Other commercial real estate	155		11		104		270		176,812		177,082
Commercial and industrial	3,921		488		509		4,918		1,170,625		1,175,543
Lease financing	757		323		92		1,172		393,096		394,268
Other	20		5		—		25		179,700		179,725
Residential mortgage	16,845		1,063		9,108		27,016		1,003,016		1,030,032
Revolving mortgage	10,578		3,249		4,341		18,168		2,072,832		2,091,000
Construction and land development - noncommercial	888		794		206		1,888		117,161		119,049
Consumer	2,156		1,195		803		4,154		363,259		367,413
Total originated loans and leases	$	60,308	$	11,246	$	27,066	$	98,620	$	12,101,606	$	12,200,226
	December 31, 2013
	30-59 days past due		60-89 days past due		90 days or greater		Total past due		Current		Total loans and leases
Originated loans and leases:
Construction and land development - commercial	$	1,603	$	9	$	457	$	2,069	$	317,778	$	319,847
Commercial mortgage	11,131		3,601		14,407		29,139		6,333,351		6,362,490
Other commercial real estate	139		210		470		819		177,935		178,754
Commercial and industrial	3,336		682		436		4,454		1,076,704		1,081,158
Lease financing	789		1,341		101		2,231		379,532		381,763
Other	—		85		—		85		175,251		175,336
Residential mortgage	12,885		4,658		9,578		27,121		955,300		982,421
Revolving mortgage	10,977		2,378		4,450		17,805		2,095,480		2,113,285
Construction and land development - noncommercial	1,193		317		256		1,766		121,026		122,792
Consumer	2,114		955		673		3,742		382,710		386,452
Total originated loans and leases	$	44,167	$	14,236	$	30,828	$	89,231	$	12,015,067	$	12,104,298

The recorded investment, by class, in loans and leases on nonaccrual status, and loans and leases greater than 90 days past due and still accruing at March 31, 2014 and December 31, 2013 (excluding acquired loans and leases) are as follows:

	March 31, 2014				December 31, 2013
(Dollars in thousands)	Nonaccrual loans and leases		Loans and leases > 90 days and accruing		Nonaccrual loans and leases		Loans and leases > 90 days and accruing
Originated loans and leases:
Construction and land development - commercial	$	702	$	192	$	544	$	—
Other commercial real estate	1,459		—		1,610		—
Commercial mortgage	28,910		927		33,529		1,113
Commercial and industrial	1,075		393		1,428		294
Lease financing	689		—		832		—
Residential mortgage	14,091		2,609		14,701		1,998
Revolving mortgage	—		4,341		—		4,450
Construction and land development - noncommercial	—		206		457		256
Consumer	26		803		69		673
Total originated loans and leases	$	46,952	$	9,471	$	53,170	$	8,784

Acquired Loans

The following table provides changes in the recorded investment of acquired loans during the three months ended March 31, 2014 and March 31, 2013:

(Dollars in thousands)	2014			2013
Balance at January 1	$	1,029,426		$	2,362,152
Fair value of acquired loans	316,327			—
Accretion	30,200			79,886
Payments received and other changes, net	(105,135		)	(258,169		)
Balance at March 31	$	1,270,818		$	2,183,869
Outstanding principal balance at March 31	$	1,727,492		$	3,618,722

The recorded investment of loans on the cost recovery method was $52.1 million at March 31, 2014 and $28.5 million at December 31, 2013. This increase is primarily driven by one large acquired loan relationship that was moved to cost recovery during the quarter. The cost recovery method is applied to loans when the timing of future cash flows is not reasonably estimable due to borrower nonperformance or uncertainty in the timing and amount of ultimate disposition of the asset.

The following table documents changes to the amount of accretable yield for the first three months of 2014 and 2013.

(Dollars in thousands)	2014			2013
Balance at January 1	$	439,990		$	539,564
Additions	84,295			—
Accretion	(30,200		)	(79,886		)
Reclassifications from (to) nonaccretable difference	6,048			(11,653		)
Changes in expected cash flows that do not affect nonaccretable difference	(9,888		)	37,910
Balance at March 31	$	490,245		$	485,935

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Investments

3 Months Ended

Mar. 31, 2014

Investments [Abstract]

Investments

Investments

The amortized cost and fair value of investment securities classified as available for sale and held to maturity at March 31, 2014 and December 31, 2013, are as follows:

	March 31, 2014
(Dollars in thousands)	Cost		Gross unrealized gains		Gross unrealized losses		Fair value
Investment securities available for sale
U.S. Treasury	$	1,274,716	$	379	$	1,874	$	1,273,221
Government agency	1,811,889		1,764		879		1,812,774
Mortgage-backed securities	2,592,766		5,524		31,624		2,566,666
Equity securities	543		22,017		—		22,560
Municipal securities	186		—		—		186
Other	870		—		40		830
Total investment securities available for sale	$	5,680,970	$	29,684	$	34,417	$	5,676,237
	December 31, 2013
	Cost		Gross unrealized gains		Gross unrealized losses		Fair value
U.S. Treasury	$	373,223	$	259	$	45	$	373,437
Government agency	2,543,223		1,798		792		2,544,229
Mortgage-backed securities	2,486,297		4,526		43,950		2,446,873
Equity securities	543		21,604		—		22,147
Municipal securities	186		1		—		187
Other	863		—		33		830
Total investment securities available for sale	$	5,404,335	$	28,188	$	44,820	$	5,387,703
	March 31, 2014
	Cost		Gross unrealized gains		Gross unrealized losses		Fair value
Investment securities held to maturity
Mortgage-backed securities	$	782	$	53	$	—	$	835
	December 31, 2013
	Cost		Gross unrealized gains		Gross unrealized losses		Fair value
Mortgage-backed securities	$	907	$	67	$	—	$	974

Investments in mortgage-backed securities primarily represent securities issued by the Government National Mortgage Association, Federal National Mortgage Association and Federal Home Loan Mortgage Corporation. Other investments include a subordinated debenture investment in another financial institution.

The following table provides the amortized cost and fair value by contractual maturity. Expected maturities will differ from contractual maturities because borrowers and issuers may have the right to call or prepay obligations with or without prepayment penalties. Repayments of mortgage-backed securities are dependent on the repayments of the underlying loan balances. Equity securities do not have a stated maturity date.

	March 31, 2014				December 31, 2013
(Dollars in thousands)	Cost		Fair value		Cost		Fair value
Investment securities available for sale
Amortizing securities maturing in:
One year or less	$	829,091	$	829,997	$	839,956	$	840,883
One through five years	2,258,570		2,257,014		2,077,539		2,077,800
Mortgage-backed securities	2,592,766		2,566,666		2,486,297		2,446,873
Equity securities	543		22,560		543		22,147
Total investment securities available for sale	$	5,680,970	$	5,676,237	$	5,404,335	$	5,387,703
Investment securities held to maturity
Mortgage-backed securities held to maturity	$	782	$	835	$	907	$	974

There were no realized securities gains (losses) during any period presented.

The following table provides information regarding securities with unrealized losses as of March 31, 2014 and December 31, 2013.

	March 31, 2014
	Less than 12 months				12 months or more				Total
(Dollars in thousands)	Fair Value		Unrealized Losses		Fair Value		Unrealized Losses		Fair Value		Unrealized Losses
Investment securities available for sale:
U.S. Treasury	$	699,985	$	1,874	$	—	$	—	$	699,985	$	1,874
Government agency	400,423		879		—		—		400,423		879
Mortgage-backed securities	2,012,814		30,816		23,622		808		2,036,436		31,624
Other	830		40		—		—		830		40
Total	$	3,114,052	$	33,609	$	23,622	$	808	$	3,137,674	$	34,417
	December 31, 2013
	Less than 12 months				12 months or more				Total
	Fair Value		Unrealized Losses		Fair Value		Unrealized Losses		Fair Value		Unrealized Losses
Investment securities available for sale:
U.S. Treasury	$	102,105	$	45	$	—	$	—	$	102,105	$	45
Government agency	780,552		761		29,969		31		810,521		792
Mortgage-backed securities	2,221,213		42,876		26,861		1,074		2,248,074		43,950
Other	830		33		—		—		830		33
Total	$	3,104,700	$	43,715	$	56,830	$	1,105	$	3,161,530	$	44,820

Investment securities with an aggregate fair value of $23.6 million and $56.8 million have had continuous unrealized losses for more than 12 months as of March 31, 2014 and December 31, 2013, with an aggregate unrealized loss of $0.8 million and $1.1 million, respectively. As of March 31, 2014, all 16 of these investments are mortgage-backed securities. None of the unrealized losses identified as of March 31, 2014 or December 31, 2013 relate to the marketability of the securities or the issuer’s ability to honor redemption obligations. For all periods presented, BancShares had the ability and intent to retain these securities for a period of time sufficient to recover all unrealized losses. Therefore, none of the securities were deemed to be other than temporarily impaired.

Investment securities having an aggregate carrying value of $2.78 billion at March 31, 2014 and $2.75 billion at December 31, 2013 were pledged as collateral to secure public funds on deposit and certain short-term borrowings, and for other purposes as required by law.

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Business Combinations (Tables)

3 Months Ended

Mar. 31, 2014

Business Combinations [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 merger and the resulting fair value recorded by FCB.

	January 1, 2014
(Dollars in thousands)	As recorded by 1st Financial			Fair value adjustments			As recorded by FCB
Assets
Cash and cash equivalents	$	28,194		$	—		$	28,194
Investment securities	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
Short-term borrowings	406			—			406
Other liabilities	3,392			167			3,559
Total liabilities assumed	$	634,123		$	1,713		635,836
Fair value of net liabilities assumed							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

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 merger date were:

(Dollars in thousands)	January 1, 2014
Contractually required payments	$	414,233
Cash flows expected to be collected	400,622
Fair value at acquisition date	316,327

The following table documents changes to the amount of accretable yield for the first three months of 2014 and 2013.

(Dollars in thousands)	2014			2013
Balance at January 1	$	439,990		$	539,564
Additions	84,295			—
Accretion	(30,200		)	(79,886		)
Reclassifications from (to) nonaccretable difference	6,048			(11,653		)
Changes in expected cash flows that do not affect nonaccretable difference	(9,888		)	37,910
Balance at March 31	$	490,245		$	485,935

Fair value of loans acquired

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

(Dollars in thousands)	January 1, 2014
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

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Derivatives

3 Months Ended

Mar. 31, 2014

Summary of Derivative Instruments [Abstract]

Derivatives

Derivatives

At March 31, 2014, BancShares had an interest rate swap entered into during 2011 that qualifies as a cash flow hedge under GAAP. For all periods presented, the fair value of the outstanding derivative is included in other liabilities in the consolidated balance sheets, and the net change in fair value is included in the consolidated statements of cash flows under the caption net change in other liabilities.

The interest rate swap is used for interest rate risk management purposes and converts variable-rate exposure on outstanding debt to a fixed rate. The 2011 interest rate swap has a notional amount of $93.5 million, representing the amount of variable rate trust preferred capital securities issued during 2006 and still outstanding at the swap inception date. The 2011 interest rate swap hedges interest payments through June 2016 and requires fixed-rate payments by BancShares at 5.50 percent in exchange for variable-rate payments of 175 basis points above the three-month LIBOR, which is equal to the interest paid to the holders of the trust preferred capital securities. Settlement of the swap occurs quarterly. As of March 31, 2014, collateral with a fair value of $7.0 million was pledged to secure the existing obligation under the interest rate swap.

	March 31, 2014				December 31, 2013
(Dollars in thousands)	Notional  amount		Estimated fair value of liability		Notional  amount		Estimated fair value of liability
2011 interest rate swap hedging variable rate exposure on trust preferred securities 2011-2016	$	93,500	$	6,501	$	93,500	$	7,220

For cash flow hedges, the effective portion of the gain or loss due to changes in the fair value of the derivative hedging instrument is included in other comprehensive income, while the ineffective portion, representing the excess of the cumulative change in the fair value of the derivative over the cumulative change in expected future discounted cash flows on the hedged transaction, is recorded in the consolidated income statement. BancShares’ interest rate swap has been fully effective since inception. Therefore, changes in the fair value of the interest rate swap has had no impact on net income. For the three months ended March 31, 2014 and March 31, 2013, BancShares recognized interest expense of $0.8 million during both periods, resulting from incremental interest paid to the interest rate swap counterparty, none of which related to ineffectiveness. BancShares monitors the credit risk of the interest rate swap counterparty.

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Receivable from FDIC for Loss Share Agreements

3 Months Ended

Mar. 31, 2014

Receivable From FDIC For Loss Share Agreements [Abstract]

Receivable from FDIC for Loss Share Agreements

FDIC Loss Share Receivable

The following table provides changes in the receivable from the FDIC for the three-month periods ended March 31, 2014 and March 31, 2013.

	Three months ended March 31
(Dollars in thousands)	2014			2013
Balance at January 1	$	93,397		$	270,192
Amortization	(17,744		)	(26,112		)
Cash payments to (from) FDIC	3,490			(42,519		)
Post-acquisition adjustments	(4,359		)	(5,619		)
Balance at March 31	$	74,784		$	195,942

The receivable from the FDIC for loss share agreements is measured separately from the related covered assets and is recorded at fair value at the acquisition date using projected cash flows based on the expected reimbursements for losses and the applicable loss share percentages. See Note Jfor information related to FCB's recorded payable to the FDIC for loss share agreements.

Cash payments to (from) the FDIC represent the net impact of loss share loan recoveries, charge-offs and related expenses as calculated and reported in our FDIC loss share certificates. Post-acquisition adjustments represent the net change in loss estimates related to acquired loans and covered OREO as a result of changes in expected cash flows and the allowance for loan and lease losses related to those covered loans. For loans covered by loss share agreements, subsequent decreases in the amount expected to be collected from the borrower or collateral liquidation result in a provision for loan and lease losses, an increase in the allowance for loan and lease losses and a proportional adjustment to the receivable from the FDIC for the estimated amount to be reimbursed. Subsequent increases in the amount expected to be collected from the borrower or collateral liquidation result in the reversal of some or all previously recorded provision for loan and lease losses, a decrease in the related allowance for loan and lease losses and a proportional adjustment to the receivable from the FDIC, or prospective adjustment to the accretable yield and the related receivable from the FDIC if no provision for loan and lease losses had been recorded previously.

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Derivatives (Narrative) (Details) (USD $) In Millions, unless otherwise specified	3 Months Ended
	Mar. 31, 2014	Mar. 31, 2014 2011 Interest Rate Swap	Dec. 31, 2013 2006 Interest Rate Swap	Mar. 31, 2014 2009 Interest Rate Swap
Derivative [Line Items]
Notional amount of interest rate derivatives		$ 93.5
Fixed rate payments, interest rate		5.50%
Variable rate payment rate			1.75%	1.75%
Fair value of collateral pledged to secure interest rate contracts	7.0
Incremental interest expense paid to interest rate swap counterparties	$ 0.8

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Allowance for Loan and Lease Losses

3 Months Ended

Mar. 31, 2014

Allowance for Loan and Lease Losses, Adjustments, Net [Abstract]

Allowance for Loan and Lease Losses

Allowance for Loan and Lease Losses

The following tables present the activity in the allowance for originated loan and lease losses by class of loans for the three months ended March 31, 2014 and March 31, 2013:

	Three months ended March 31, 2014
(Dollars in thousands)	Construction and land development - commercial			Commercial mortgage			Other commercial real estate			Commercial and industrial			Lease financing			Other			Residential mortgage			Revolving mortgage			Construction and land development - non- commercial			Consumer			Non- specific			Total
Originated Loans
Allowance for loan and lease losses:
Balance at January 1	$	10,335		$	100,257		$	1,009		$	22,362		$	4,749		$	190		$	10,511		$	16,239		$	681		$	13,541		$	—		$	179,874
Provision	1,885			(6,979		)	(74		)	1,976			(524		)	272			609			1,353			577			1,275			—			370
Charge-offs	—			(168		)	—			(496		)	(58		)	(8		)	(184		)	(1,260		)	(71		)	(2,177		)	—			(4,422		)
Recoveries	26			1,107			10			179			16			—			8			76			62			643			—			2,127
Balance at March 31	$	12,246		$	94,217		$	945		$	24,021		$	4,183		$	454		$	10,944		$	16,408		$	1,249		$	13,282		$	—		$	177,949
	Three months ended March 31, 2013
	Construction and land development - commercial			Commercial mortgage			Other commercial real estate			Commercial and industrial			Lease financing			Other			Residential mortgage			Revolving mortgage			Construction and land development - non- commercial			Consumer			Non- specific			Total
Balance at January 1	$	6,031		$	70,927		$	2,059		$	23,352		$	3,521		$	1,175		$	3,836		$	25,185		$	1,721		$	25,389		$	15,850		$	179,046
Provision	(1,834		)	2,536			(100		)	500			22			315			733			1,431			(113		)	604			(78		)	4,016
Charge-offs	(254		)	(654		)	(54		)	(1,258		)	—			—			(818		)	(2,188		)	(245		)	(2,596		)	—			(8,067		)
Recoveries	368			8			10			369			—			—			39			71			56			630			—			1,551
Balance at March 31	$	4,311		$	72,817		$	1,915		$	22,963		$	3,543		$	1,490		$	3,790		$	24,499		$	1,419		$	24,027		$	15,772		$	176,546

The provision for construction and land development - commercial totaled $1.9 million for the three months ended March 31, 2014. The March 31, 2014 provision expense was a direct result of increased loans during the quarter. Conversely, the March 31, 2013 credit provision resulted from a decline in the outstanding loan balances as well as the resolution of several individually impaired loans.

The commercial mortgage loan class had a net credit provision of $7.0 million for the three months ended March 31, 2014. The net credit provision was the result of declining loan balances, improvements in the credit risk rating mix and lower credit default trends within this loan class. Conversely, the March 31, 2013 provision expense was impacted by increased loan balances.

The commercial and industrial loan class had a provision expense of $2.0 million for the three months ended March 31, 2014 reflecting $94.4 million in loan growth for the quarter.

The following tables present the allowance for originated loan losses and the recorded investment in originated loans, by loan class, based on impairment method as of March 31, 2014 and December 31, 2013:

	March 31, 2014
(Dollars in thousands)	Construction and land development - commercial		Commercial mortgage		Other commercial real estate		Commercial and industrial		Lease financing		Other		Residential mortgage		Revolving mortgage		Construction and land development - non-commercial		Consumer		Total
Allowance for loan and lease losses:
ALLL for loans and leases individually evaluated for impairment	$	144	$	6,400	$	203	$	769	$	13	$	—	$	1,418	$	353	$	77	$	118	$	9,495
ALLL for loans and leases collectively evaluated for impairment	12,102		87,817		742		23,252		4,170		454		9,526		16,055		1,172		13,164		168,454
Total allowance for loan and lease losses	$	12,246	$	94,217	$	945	$	24,021	$	4,183	$	454	$	10,944	$	16,408	$	1,249	$	13,282	$	177,949
Loans and leases:
Loans and leases individually evaluated for impairment	$	2,329	$	88,987	$	1,627	$	8,804	$	393	$	—	$	15,626	$	3,587	$	699	$	1,015	$	123,067
Loans and leases collectively evaluated for impairment	332,942		6,241,856		175,455		1,166,739		393,875		179,725		1,014,406		2,087,413		118,350		366,398		12,077,159
Total loan and leases	$	335,271	$	6,330,843	$	177,082	$	1,175,543	$	394,268	$	179,725	$	1,030,032	$	2,091,000	$	119,049	$	367,413	$	12,200,226
	December 31, 2013
	Construction and land development - commercial		Commercial mortgage		Other commercial real estate		Commercial and industrial		Lease financing		Other		Residential mortgage		Revolving mortgage		Construction and land development - non-commercial		Consumer		Total
ALLL for loans and leases individually evaluated for impairment	$	103	$	6,873	$	209	$	771	$	54	$	—	$	1,586	$	372	$	72	$	121	$	10,161
ALLL for loans and leases collectively evaluated for impairment	10,232		93,384		800		21,591		4,695		190		8,925		15,867		609		13,420		169,713
Total allowance for loan and lease losses	$	10,335	$	100,257	$	1,009	$	22,362	$	4,749	$	190	$	10,511	$	16,239	$	681	$	13,541	$	179,874
Loans and leases individually evaluated for impairment	$	2,272	$	97,111	$	1,878	$	9,300	$	188	$	—	$	15,539	$	3,596	$	1,108	$	1,154	$	132,146
Loans and leases collectively evaluated for impairment	317,575		6,265,379		176,876		1,071,858		381,575		175,336		966,882		2,109,689		121,684		385,298		11,972,152
Total loan and leases	$	319,847	$	6,362,490	$	178,754	$	1,081,158	$	381,763	$	175,336	$	982,421	$	2,113,285	$	122,792	$	386,452	$	12,104,298

The following tables show the activity in the allowance for acquired loan and lease losses for the three months ended March 31, 2014 and March 31, 2013.

	Three months ended March 31, 2014
(Dollars in thousands)	Construction and land development - commercial			Commercial mortgage			Other commercial real estate			Commercial and industrial			Residential mortgage			Revolving mortgage			Construction and land development - noncommercial			Consumer and other			Total
Acquired Loans
Allowance for loan and lease losses:
Balance at January 1	$	1,320		$	29,906		$	1,354		$	5,275		$	11,802		$	2,959		$	682		$	222		$	53,520
Provision	3,355			(3,386		)	(150		)	(336		)	(2,300		)	634			(99		)	9			(2,273		)
Charge-offs	(199		)	(3,517		)	—			(2,683		)	262			(100		)	—			(17		)	(6,254		)
Recoveries	—			—			—			—			—			—			—			—			—
Balance at March 31	$	4,476		$	23,003		$	1,204		$	2,256		$	9,764		$	3,493		$	583		$	214		$	44,993
	Three months ended March 31, 2013
	Construction and land development - commercial			Commercial mortgage			Other commercial real estate			Commercial and industrial			Residential mortgage			Revolving mortgage			Construction and land development - noncommercial			Consumer and other			Total
Balance at January 1	$	31,186		$	50,275		$	11,234		$	8,897		$	19,837		$	9,754		$	8,287		$	502		$	139,972
Provision	(13,147		)	(2,084		)	(5,131		)	4,233			(1,505		)	(2,505		)	(2,313		)	(170		)	(22,622		)
Charge-offs	(4,733		)	(9,898		)	(931		)	(1,254		)	(729		)	(114		)	(3,218		)	—			(20,877		)
Recoveries	—			—			—			—			—			—			—			—			—
Balance at March 31	$	13,306		$	38,293		$	5,172		$	11,876		$	17,603		$	7,135		$	2,756		$	332		$	96,473

The following tables show the ending balances of acquired loans and leases and related allowance by class of loans as of March 31, 2014 and December 31, 2013:

	March 31, 2014
	Construction and land development - commercial		Commercial mortgage		Other commercial real estate		Commercial and industrial		Residential mortgage		Revolving mortgage		Construction and land development - noncommercial		Consumer and other		Total
ALLL for loans and leases acquired with deteriorated credit quality	$	4,476	$	23,003	$	1,204	$	2,256	$	9,764	$	3,493	$	583	$	214	$	44,993
Loans and leases acquired with deteriorated credit quality	106,670		728,872		47,826		38,838		291,254		25,776		28,151		3,431		1,270,818
	December 31, 2013
	Construction and land development - commercial		Commercial mortgage		Other commercial real estate		Commercial and industrial		Residential mortgage		Revolving mortgage		Construction and land development - noncommercial		Consumer and other		Total
ALLL for loans and leases acquired with deteriorated credit quality	$	1,320	$	29,906	$	1,354	$	5,275	$	11,802	$	2,959	$	682	$	222	$	53,520
Loans and leases acquired with deteriorated credit quality	78,915		642,891		41,381		17,254		213,851		30,834		2,583		1,717		1,029,426

At March 31, 2014 and December 31, 2013, $382.6 million and $459.9 million, respectively, in acquired loans experienced an adverse change in expected cash flows since the date of acquisition.

The following tables provide information on originated loans and leases that are individually evaluated for impairment as of March 31, 2014 and December 31, 2013.

	March 31, 2014
(Dollars in thousands)	With a recorded allowance		With no recorded allowance		Total		Unpaid principal balance		Related allowance recorded
Impaired originated loans and leases
Construction and land development - commercial	$	1,646	$	683	$	2,329	$	3,294	$	144
Commercial mortgage	57,568		31,419		88,987		94,950		6,400
Other commercial real estate	755		872		1,627		2,027		203
Commercial and industrial	6,530		2,274		8,804		10,055		769
Lease financing	238		155		393		393		13
Residential mortgage	10,624		5,002		15,626		16,026		1,418
Revolving mortgage	3,210		377		3,587		4,618		353
Construction and land development - noncommercial	699		—		699		699		77
Consumer	1,015		—		1,015		1,039		118
Total impaired originated loans and leases	$	82,285	$	40,782	$	123,067	$	133,101	$	9,495
	December 31, 2013
	With a recorded allowance		With no recorded allowance		Total		Unpaid principal balance		Related allowance recorded
Impaired originated loans and leases
Construction and land development - commercial	$	1,025	$	1,247	$	2,272	$	7,306	$	103
Commercial mortgage	57,819		39,292		97,111		103,522		6,873
Other commercial real estate	783		1,095		1,878		2,279		209
Commercial and industrial	7,197		2,103		9,300		10,393		771
Lease financing	133		55		188		188		54
Residential mortgage	11,534		4,005		15,539		15,939		1,586
Revolving mortgage	3,382		214		3,596		3,596		372
Construction and land development - noncommercial	651		457		1,108		1,108		72
Consumer	1,154		—		1,154		1,154		121
Total impaired originated loans and leases	$	83,678	$	48,468	$	132,146	$	145,485	$	10,161

The following tables show the average impaired originated loan balance and the interest income recognized by loan class for the three months ended March 31, 2014 and March 31, 2013:

	Three months ended March 31, 2014
(Dollars in thousands)	Average balance		Interest income recognized
Impaired originated loans and leases:
Construction and land development - commercial	$	1,031	$	15
Commercial mortgage	94,547		1,120
Other commercial real estate	1,796		21
Commercial and industrial	10,234		118
Lease financing	284		4
Residential mortgage	16,482		174
Revolving mortgage	3,892		27
Construction and land development - noncommercial	2,322		29
Consumer	1,059		5
Total impaired originated loans and leases	$	131,647	$	1,513
	Three months ended March 31, 2013
	Average balance		Interest income recognized
Impaired originated loans and leases:
Construction and land development - commercial	$	9,284	$	112
Commercial mortgage	103,848		1,425
Other commercial real estate	3,179		45
Commercial and industrial	18,997		266
Lease financing	355		6
Residential mortgage	17,330		228
Revolving mortgage	5,472		25
Construction and land development - noncommercial	866		11
Consumer	1,683		5
Total impaired originated loans and leases	$	161,014	$	2,123

Troubled Debt Restructurings

BancShares accounts for certain loan modifications or restructurings as troubled debt restructurings (TDRs). In general, the modification or restructuring of a loan is considered a TDR if, for economic reasons or legal reasons related to a borrower's financial difficulties, a concession is granted to the borrower that creditors would not otherwise grant. Concessions may relate to the contractual interest rate, maturity date, payment structure or other actions. In accordance with GAAP, loans acquired under ASC 310-30, Loans and Debt Securities Acquired with Deteriorated Credit Quality, are not initially considered to be TDRs, but can be classified as such if a modification is made subsequent to acquisition. Modifications of acquired loans that are part of a pool are not designated as TDRs. The following table provides a summary of total TDRs by accrual status.

	March 31, 2014						December 31, 2013
(Dollars in thousands)	Accruing		Nonaccruing		Total		Accruing		Nonaccruing		Total
Commercial loans
Construction and land development - commercial	$	20,791	$	1,002	$	21,793	$	21,032	$	1,002	$	22,034
Commercial mortgage	136,563		25,276		161,839		113,323		23,387		136,710
Other commercial real estate	3,308		933		4,241		3,470		1,150		4,620
Commercial and industrial	8,929		1,180		10,109		9,838		1,142		10,980
Lease	247		146		393		49		—		49
Total commercial TDRs	169,838		28,537		198,375		147,712		26,681		174,393
Noncommercial
Residential	23,519		3,806		27,325		23,343		3,663		27,006
Revolving mortgage	3,587		—		3,587		3,095		—		3,095
Construction and land development - noncommercial	699		—		699		651		457		1,108
Consumer and other	1,015		—		1,015		1,154		—		1,154
Total noncommercial TDRs	28,820		3,806		32,626		28,243		4,120		32,363
Total TDRs	$	198,658	$	32,343	$	231,001	$	175,955	$	30,801	$	206,756

The following table shows the accrual status of acquired and originated TDRs.

(Dollars in thousands)	March 31, 2014		December 31, 2013
Accruing TDRs:
Acquired	$	105,642	$	90,829
Originated	93,016		85,126
Total accruing TDRs	198,658		175,955
Nonaccruing TDRs:
Acquired	11,626		11,479
Originated	20,717		19,322
Total nonaccruing TDRs	32,343		30,801
All TDRs:
Acquired	117,268		102,308
Originated	113,733		104,448
Total TDRs	$	231,001	$	206,756

All TDRs are impaired loans. TDRs are, therefore, individually evaluated for impairment on a quarterly basis or more frequently as needed. Impairment is evaluated using one of three approved valuation methodologies: discounted cash flows, market prices or collateral values. Based on the accrual status and credit grade, management determines the most appropriate method to reasonably assess expectations for recovery of the investment. The discounted cash flow method, the collateral value method or a combination of the two aforementioned methods is used internally for TDR impairment analysis. Expected cash flows are discounted at the loan’s original effective interest rate.

Specific valuation allowances are established or partial charge-offs are recorded on TDRs in the amount equal to the difference between the estimated fair value and the loan amount.

The majority of TDRs are included in the special mention, substandard or doubtful grading categories. When a restructured loan subsequently defaults, it is evaluated and downgraded if appropriate. The more severely graded the loan, the lower the estimated expected cash flows and the greater the allowance recorded.

The following tables provide the types of TDRs made during the three months ended March 31, 2014 and March 31, 2013 for originated loans, as well as a summary of originated loans that were modified as a TDR during the 12 months ended March 31, 2014 and March 31, 2013 that subsequently defaulted during the three months ended March 31, 2014 and March 31, 2013. BancShares defines payment default as movement of the TDR to nonaccrual status, which is generally 30 days past due for TDRs, foreclosure or charge-off, whichever occurs first.

.

	Three months ended March 31, 2014						Three months ended March 31, 2013
	All restructurings			Restructurings with payment default			All restructurings			Restructurings with payment default
(Dollars in thousands)	Number of Loans	Recorded investment at period end		Number of Loans	Recorded investment at period end		Number of Loans	Recorded investment at period end		Number of Loans	Recorded investment at period end
Originated loans
Interest only period provided
Commercial mortgage	4	$	1,911	2	$	410	1	$	356	—	$	—
Commercial and industrial	1	196		—	—		—	—		—	—
Lease financing	2	146		—	—		—	—		—	—
Total interest only	7	2,253		2	410		1	356		—	—
Loan term extension
Commercial mortgage	5	2,620		—	—		6	2,117		1	483
Commercial and industrial	—	—		—	—		1	186		—	—
Lease financing	2	234		—	—		—	—		—	—
Residential mortgage	5	338		—	—		4	683		—	—
Consumer	—	—		1	41		—	—		—	—
Total loan term extension	12	3,192		1	41		11	2,986		1	483
Below market interest rate
Construction and land development - commercial	1	82		—	—		—	—		—	—
Commercial mortgage	12	4,677		1	449		3	2,556		1	1,024
Commercial and industrial	2	110		—	—		1	17		1	116
Residential mortgage	8	451		3	127		5	675		—	—
Revolving mortgage	5	278		—	—		—	—		—	—
Consumer	—	—		—	—		5	1,490		—	—
Total below market interest rate	28	5,598		4	576		14	4,738		2	1,140
Discharged from bankruptcy
Commercial mortgage	1	1,003		—	—		—	—		—	—
Residential mortgage	7	708		2	288		2	299		—	—
Revolving mortgage	4	229		—	—		24	1,878		5	233
Construction and land development-noncommercial	1	62		—	—		—	—		—	—
Consumer	1	18		—	—		—	—		—	—
Total discharged from bankruptcy	14	2,020		2	288		26	2,177		5	233
Total originated restructurings	61	$	13,063	9	$	1,315	52	$	10,257	8	$	1,856

The following tables provide the types of TDRs made during the three months ended March 31, 2014 and March 31, 2013 for acquired loans, as well as a summary of acquired loans that were modified as a TDR during the 12 months ended March 31, 2014 and March 31, 2013 that subsequently defaulted during the three months ended March 31, 2014 and March 31, 2013. BancShares defines payment default as movement of the TDR to nonaccrual status, which is generally 30 days past due for TDRs, foreclosure or charge-off, whichever occurs first.

	Three months ended March 31, 2014						Three months ended March 31, 2013
	All restructurings			Restructurings with payment default			All restructurings			Restructurings with payment default
(Dollars in thousands)	Number of loans	Recorded investment at period end		Number of loans	Recorded investment at period end		Number of loans	Recorded investment at period end		Number of loans	Recorded investment at period end
Acquired loans
Interest only period provided
Commercial mortgage	2	$	15,906	2	$	15,906	2	$	1,991	1	$	291
Residential mortgage	—	—		—	—		—	—		1	97
Total interest only	2	15,906		2	15,906		2	1,991		2	388
Loan term extension
Construction and land development - commercial	1	281		—	—		—	—		—	—
Total loan term extension	1	281		—	—		—	—		—	—
Below market interest rate
Construction and land development - commercial	1	37		—	—		1	309		—	—
Commercial mortgage	4	5,439		1	47		1	2,946		3	3,222
Commercial and industrial	—	—		—	—		2	458		—	—
Residential mortgage	1	102		1	436		2	726		2	726
Total below market interest rate	6	5,578		2	483		6	4,439		5	3,948
Total acquired restructurings	9	$	21,765	4	$	16,389	8	$	6,430	7	$	4,336

For the three months ended March 31, 2014 and March 31, 2013, the recorded investment in TDRs subsequent to modification was not materially impacted by the modification since forgiveness of principal is not a restructuring option frequently used by BancShares.

The following tables provide information on originated loans and leases that are individually evaluated for impairment as of March 31, 2014 and December 31, 2013.

	March 31, 2014
(Dollars in thousands)	With a recorded allowance		With no recorded allowance		Total		Unpaid principal balance		Related allowance recorded
Impaired originated loans and leases
Construction and land development - commercial	$	1,646	$	683	$	2,329	$	3,294	$	144
Commercial mortgage	57,568		31,419		88,987		94,950		6,400
Other commercial real estate	755		872		1,627		2,027		203
Commercial and industrial	6,530		2,274		8,804		10,055		769
Lease financing	238		155		393		393		13
Residential mortgage	10,624		5,002		15,626		16,026		1,418
Revolving mortgage	3,210		377		3,587		4,618		353
Construction and land development - noncommercial	699		—		699		699		77
Consumer	1,015		—		1,015		1,039		118
Total impaired originated loans and leases	$	82,285	$	40,782	$	123,067	$	133,101	$	9,495
	December 31, 2013
	With a recorded allowance		With no recorded allowance		Total		Unpaid principal balance		Related allowance recorded
Impaired originated loans and leases
Construction and land development - commercial	$	1,025	$	1,247	$	2,272	$	7,306	$	103
Commercial mortgage	57,819		39,292		97,111		103,522		6,873
Other commercial real estate	783		1,095		1,878		2,279		209
Commercial and industrial	7,197		2,103		9,300		10,393		771
Lease financing	133		55		188		188		54
Residential mortgage	11,534		4,005		15,539		15,939		1,586
Revolving mortgage	3,382		214		3,596		3,596		372
Construction and land development - noncommercial	651		457		1,108		1,108		72
Consumer	1,154		—		1,154		1,154		121
Total impaired originated loans and leases	$	83,678	$	48,468	$	132,146	$	145,485	$	10,161

The following tables show the average impaired originated loan balance and the interest income recognized by loan class for the three months ended March 31, 2014 and March 31, 2013:

	Three months ended March 31, 2014
(Dollars in thousands)	Average balance		Interest income recognized
Impaired originated loans and leases:
Construction and land development - commercial	$	1,031	$	15
Commercial mortgage	94,547		1,120
Other commercial real estate	1,796		21
Commercial and industrial	10,234		118
Lease financing	284		4
Residential mortgage	16,482		174
Revolving mortgage	3,892		27
Construction and land development - noncommercial	2,322		29
Consumer	1,059		5
Total impaired originated loans and leases	$	131,647	$	1,513
	Three months ended March 31, 2013
	Average balance		Interest income recognized
Impaired originated loans and leases:
Construction and land development - commercial	$	9,284	$	112
Commercial mortgage	103,848		1,425
Other commercial real estate	3,179		45
Commercial and industrial	18,997		266
Lease financing	355		6
Residential mortgage	17,330		228
Revolving mortgage	5,472		25
Construction and land development - noncommercial	866		11
Consumer	1,683		5
Total impaired originated loans and leases	$	161,014	$	2,123

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Other Real Estate Owned

3 Months Ended

Mar. 31, 2014

Banking and Thrift [Abstract]

Other Real Estate Owned

Other Real Estate Owned

The following table explains changes in other real estate owned during the three months ended March 31, 2014 and March 31, 2013.

(Dollars in thousands)	Covered			Noncovered			Total
Balance at December 31, 2012	$	102,577		$	43,513		$	146,090
Additions	29,370			8,763			38,133
Sales	(27,316		)	(6,347		)	(33,663		)
Writedowns	(2,730		)	(1,101		)	(3,831		)
Balance at March 31, 2013	$	101,901		$	44,828		$	146,729
Balance at December 31, 2013	$	47,081		$	36,898		$	83,979
Additions 1	1,514			14,909			16,423
Sales	(4,512		)	(5,854		)	(10,366		)
Writedowns	(2,228		)	(1,449		)	(3,677		)
Balance at March 31, 2014	$	41,855		$	44,504		$	86,359

¹ Noncovered additions include $11.6 million from the 1st Financial merger.

XML

Estimated Fair Values

3 Months Ended

Mar. 31, 2014

Fair Value Disclosures [Abstract]

Estimated Fair Values

Estimated Fair Values

Fair value estimates are intended to represent the price that would be received to sell an asset or paid to transfer a liability in an orderly transaction between market participants as of the measurement date. Where there is no active market for a financial instrument, BancShares has made estimates using discounted cash flow or other valuation techniques. Inputs to these valuation methods are subjective in nature, involve uncertainties and require significant judgment and therefore cannot be determined with precision. Accordingly, the derived fair value estimates presented below are not necessarily indicative of the amounts BancShares could realize in a current market exchange.

Assets and liabilities are recorded at fair value according to a fair value hierarchy comprised of three levels. The levels are based on the markets in which the assets and liabilities are traded and the reliability of the assumptions used to determine fair value. The level within the fair value hierarchy for an asset or liability is based on the highest level of input that is significant to the fair value measurement (with level 1 considered highest and level 3 considered lowest). A brief description of each level follows:

• Level 1 values are based on quoted prices for identical instruments in active markets.

• Level 2 values are based on quoted prices for similar instruments in active markets, quoted prices for identical or similar instruments in markets that are not active and model-based valuation techniques for which all significant assumptions are observable in the market.

• Level 3 values are generated from model-based techniques that use at least one significant assumption not observable in the market. These unobservable assumptions reflect estimates that market participants would use in pricing the asset or liability. Valuation techniques include the use of discounted cash flow models and similar techniques.

The methodologies used to estimate the fair value of financial assets and financial liabilities are discussed below:

Investment securities available for sale. U.S.Treasury, government agency, mortgage-backed securities and municipal securities are generally measured at fair value using a third party pricing service and are classified as level 2 instruments. Equity securities are measured at fair value using observable closing prices. Management also considers the level of market activity by examining the trade volume of each security. Due to the relatively inactive nature of the markets for the existing equity securities, the inputs used for these equity securities are considered level 2 inputs.

Loans held for sale. Loans held for sale are carried at the lower of aggregate cost or fair value and are, therefore, carried at fair value only when fair value is less than the asset cost. These loans are generally traded in active secondary markets and are priced using current market pricing for similar securities adjusted for servicing, interest rate risk and credit risk. Accordingly, the inputs used to calculate fair value of residential real estate loans are classified as Level 2 inputs.

Loans and leases (acquired and originated). For variable rate loans, carrying value is a reasonable estimate of fair value. For fixed rate loans, fair values are estimated based on discounted future cash flows using the current interest rates at which loans with similar terms would be made to borrowers of similar credit quality. Additional valuation adjustments are made for liquidity and credit risk. The inputs used in the fair value measurements for loans and leases are considered level 3 inputs.

Receivable from the FDIC for loss share agreements. Fair value is estimated based on discounted future cash flows using current discount rates. Due to post-acquisition improvements in expected losses, significant portions of the FDIC receivable will be recovered through amortization of the receivable over the remaining life of the loss share agreement rather than by cash flows from the FDIC. The estimated amounts to be amortized in future periods have no fair value. The inputs used in the fair value measurement for the FDIC receivable are considered level 3 inputs. The FDIC loss share agreements are not transferable and, accordingly, there is no market for this receivable.

FHLB stock. The carrying amount of FHLB stock is a reasonable estimate of fair value as these securities are not readily marketable and are evaluated for impairment based on the ultimate recoverability of the par value. BancShares considers positive and negative evidence, including the profitability and asset quality of the issuer, dividend payment history and recent redemption experience, when determining the ultimate recoverability of the par value. BancShares believes its investment in FHLB stock is ultimately recoverable at par. The inputs used in the fair value measurement for the FHLB stock are considered level 2 inputs.

Preferred stock issued under the TARP program and other acquired financial assets. Preferred securities issued under the Troubled Asset Recovery Program are recorded at cost and are evaluated quarterly for impairment based on the ultimate recoverability of the purchase price. The fair value of these securities is derived from a third-party proprietary model that is considered to be a level 3 input. Other acquired financial assets represent acquired investments in various entities for Community Reinvestment Act and correspondent banking purposes. These investments were recorded at fair value at acquisition date based on level 2 inputs.

Deposits. For non-time deposits and variable rate time deposits, carrying value is a reasonable estimate of fair value. The fair value of fixed rate time deposits is estimated by discounting future cash flows using the interest rates currently offered for deposits of similar remaining maturities. The inputs used in the fair value measurement for deposits are considered level 2 inputs.    

Long-term obligations. For fixed rate trust preferred securities, the fair values are determined based on recent trades of the actual security. For other long-term obligations, fair values are estimated by discounting future cash flows using current interest rates for similar financial instruments. The inputs used in the fair value measurement for long-term obligations are considered level 2 inputs.

Payable to the FDIC for loss share agreements. The fair value of the payable to the FDIC for loss share agreements is determined by the projected cash flows based on expected payments to the FDIC in accordance with the loss share agreements. Cash flows are discounted to reflect the timing of the estimated amounts due to the FDIC. The inputs used in the fair value measurement for the payable to the FDIC are considered level 3 inputs. See Note J for more information on the payable to the FDIC.

Interest rate swap. Under the terms of the existing cash flow hedge, BancShares pays a fixed payment to the counterparty in exchange for receipt of a variable payment that is determined based on the three-month LIBOR rate. The fair value of the cash flow hedge is, therefore, based on projected LIBOR rates for the duration of the hedge, values that, while observable in the market, are subject to adjustment due to pricing considerations for the specific instrument. The inputs used in the fair value measurement of the interest rate swap are considered level 2 inputs.

Off-balance-sheet commitments and contingencies. Carrying amounts are reasonable estimates of the fair values for such financial instruments. Carrying amounts include unamortized fee income and, in some cases, reserves for any credit losses from those financial instruments. These amounts are not material to BancShares' financial position.

For all other financial assets and financial liabilities, the carrying value is a reasonable estimate of the fair value as of March 31, 2014 and December 31, 2013. The carrying value and fair value for these assets and liabilities are equivalent because they are relatively short term in nature and there is no interest rate or credit risk that would cause the fair value to differ from the carrying value.

(Dollars in thousands)	March 31, 2014				December 31, 2013
	Carrying value		Fair value		Carrying value		Fair value
Cash and due from banks	$	543,471	$	543,471	$	533,599	$	533,599
Overnight investments	1,161,469		1,161,469		859,324		859,324
Investment securities available for sale	5,676,237		5,676,237		5,387,703		5,387,703
Investment securities held to maturity	782		835		907		974
Loans held for sale	53,361		54,057		47,271		47,956
Acquired loans, net of allowance for loan and lease losses	1,225,825		1,201,309		975,906		956,388
Originated loans, net of allowance for loan and lease losses	12,022,277		11,659,364		11,924,424		11,589,149
Receivable from the FDIC for loss share agreements (1)	74,784		37,303		93,397		38,438
Income earned not collected	49,668		49,668		48,390		48,390
Federal Home Loan Bank stock	34,417		34,417		40,819		40,819
Preferred stock and other acquired financial assets	17,783		18,521		33,564		34,786
Deposits	18,763,545		18,785,474		17,874,066		17,898,570
Short-term borrowings	617,794		617,794		511,418		511,418
Long-term obligations	440,300		453,313		510,769		526,037
Payable to the FDIC for loss share agreements	111,339		115,129		109,378		111,941
Accrued interest payable	5,675		5,675		6,737		6,737
Interest rate swap	6,501		6,501		7,220		7,220

⁽¹⁾ The fair value of the FDIC receivable excludes amortization expected to be recognized in prospective periods.

Among BancShares’ assets and liabilities, investment securities available for sale and interest rate swaps accounted for as cash flow hedges are reported at their fair values on a recurring basis. Certain other assets are adjusted to their fair value on a nonrecurring basis, including loans held for sale, which are carried at the lower of cost or fair value, and impaired loans, OREO, goodwill and other intangible assets, which are periodically tested for impairment. Non-impaired loans held for investment, deposits, short-term borrowings and long-term obligations are not reported at fair value. BancShares did not elect to voluntarily report any assets or liabilities at fair value.

For assets and liabilities carried at fair value on a recurring basis, the following table provides fair value information as of March 31, 2014 and December 31, 2013.

	March 31, 2014
			Fair value measurements using:
(Dollars in thousands)	Fair value		Level 1 inputs		Level 2 inputs		Level 3 inputs
Assets measured at fair value
Investment securities available for sale
U.S. Treasury	$	1,273,221	$	—	$	1,273,221	$	—
Government agency	1,812,774		—		1,812,774		—
Mortgage-backed securities	2,566,666		—		2,566,666		—
Equity securities	22,560		—		22,560		—
Municipal securities	186		—		186		—
Other	830		—		830		—
Total	$	5,676,237	$	—	$	5,676,237	$	—
Liabilities measured at fair value
Interest rate swaps accounted for as cash flow hedges	$	6,501	$	—	$	6,501	$	—
	December 31, 2013
			Fair value measurements using:
	Fair value		Level 1 inputs		Level 2 inputs		Level 3 inputs
Assets measured at fair value
Investment securities available for sale
U.S. Treasury	$	373,437	$	—	$	373,437	$	—
Government agency	2,544,229		—		2,544,229		—
Mortgage-backed securities	2,446,873		—		2,446,873		—
Equity securities	22,147		—		22,147		—
Municipal securities	187		—		187		—
Other	830		—		830		—
Total	$	5,387,703	$	—	$	5,387,703	$	—
Liabilities measured at fair value
Interest rate swaps accounted for as cash flow hedges	$	7,220	$	—	$	7,220	$	—

There were no transfers between levels during the three months ended March 31, 2014.

Certain financial assets and liabilities are carried at fair value on a nonrecurring basis, including loans held for sale, impaired loans and OREO.

Loans held for sale are carried at the lower of aggregate cost or fair value and are, therefore, carried at fair value only when fair value is less than the asset cost. These loans are generally traded in active secondary markets and are priced using current market pricing for similar securities adjusted for servicing, interest rate risk and credit risk. Accordingly, residential real estate loans held for sale are classified as Level 2.

Impaired loans are deemed to be at fair value if an associated allowance or current period charge-off has been recorded. The value of impaired loans is determined by either collateral valuations or discounted present value of the expected cash flow calculations. Collateral values are determined using appraisals or other third-party value estimates of the subject property with discounts generally between 10 and 14 percent applied for estimated holding and selling costs and other external factors that may impact the marketability of the property. Impaired loans are assigned to an asset manager and monitored monthly for significant changes since the last valuation. If significant changes are noted, the asset manager orders a new valuation or adjusts the valuation accordingly. Expected cash flows are determined using expected loss rates developed from historic experience for loans with similar risk characteristics, discounted using the effective interest rate.

OREO is measured and reported at fair value using collateral valuations. Collateral values are determined using appraisals or other third-party value estimates of the subject property with discounts generally between 10 and 14 percent applied for estimated holding and selling costs and other external factors that may impact the marketability of the property. Changes to the value of the assets between scheduled valuation dates are monitored through continued communication with brokers and monthly reviews by the asset manager assigned to each asset. The asset manager uses the information gathered from brokers and other market sources to identify any significant changes in the market or the subject property as they occur. Valuations are then adjusted or new appraisals are ordered to ensure the reported values reflect the most current information. OREO that has been recently remeasured is deemed to be at fair value and included in the table below.

For financial assets and liabilities carried at fair value on a nonrecurring basis, the following table provides fair value information as of March 31, 2014 and December 31, 2013.

	March 31, 2014
			Fair value measurements using:
(Dollars in thousands)	Fair value		Level 1 inputs		Level 2 inputs		Level 3 inputs
Loans held for sale	$	14,911	$	—	$	14,911	$	—
Originated impaired loans	73,301		—		—		73,301
Other real estate not covered under loss share agreements remeasured during current year	17,678		—		—		17,678
Other real estate covered under loss share agreements remeasured during current year	32,402		—		—		32,402
	December 31, 2013
			Fair value measurements using:
	Fair value		Level 1 inputs		Level 2 inputs		Level 3 inputs
Loans held for sale	29,389		—		29,389		—
Originated impaired loans	77,817		—		—		77,817
Other real estate not covered under loss share agreements remeasured during current year	20,526		—		—		20,526
Other real estate covered under loss share agreements remeasured during current year	37,587		—		—		37,587

No financial liabilities were carried at fair value on a nonrecurring basis as of March 31, 2014 and December 31, 2013.

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Accumulated Other Comprehensive Loss (Reclassifications out of AOCI) (Details) (USD $) In Thousands, unless otherwise specified	3 Months Ended
	Mar. 31, 2014		Mar. 31, 2013
Reclassification Adjustment out of Accumulated Other Comprehensive Income [Line Items]
Reclassification adjustment for losses included in income before income taxes	$ 1,599		$ 4,304
Amounts reclassified from accumulated other comprehensive income, net of tax	977	[1]	2,619	[1]
Unrealized Loss on Cash Flow Hedges
Reclassification Adjustment out of Accumulated Other Comprehensive Income [Line Items]
Amounts reclassified from accumulated other comprehensive income, net of tax	0	[2]	0	[2]
Unrealized Gains on Investment Securities Available for Sale
Reclassification Adjustment out of Accumulated Other Comprehensive Income [Line Items]
Amounts reclassified from accumulated other comprehensive income, net of tax	0	[2]	0	[2]
Defined Benefit Pension Items
Reclassification Adjustment out of Accumulated Other Comprehensive Income [Line Items]
Employee Benefits, prior service costs	(53)	[1]	(53)	[1]
Reclassification adjustment for losses included in income before income taxes	(1,546)	[1]	(4,251)	[1]
Total before taxes	(1,599)		(4,304)	[1]
Income taxes	622	[1]	1,685	[1]
Amounts reclassified from accumulated other comprehensive income, net of tax	$ 977	[1],[2]	$ 2,619	[1],[2]

[1] Amounts in parentheses indicate debits to profit/loss.

[2] All amounts are net of tax. Amounts in parentheses indicate debits.

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Accumulated Other Comprehensive Loss (Components of AOCI) (Details) (USD $) In Thousands, unless otherwise specified	3 Months Ended
	Mar. 31, 2014		Mar. 31, 2013
Accumulated Other Comprehensive Income (Loss) [Line Items]
Beginning balance	$ (25,268)		$ (82,106)
Other comprehensive income before reclassifications	7,697		(418)
Amounts reclassified from accumulated other comprehensive loss	977	[1]	2,619	[1]
Net current period other comprehensive income	8,674		2,201
Ending balance	(16,594)		(79,905)
Unrealized Loss on Cash Flow Hedges
Accumulated Other Comprehensive Income (Loss) [Line Items]
Beginning balance	(4,434)	[2]	(6,292)	[2]
Other comprehensive income before reclassifications	441	[2]	493	[2]
Amounts reclassified from accumulated other comprehensive loss	0	[2]	0	[2]
Net current period other comprehensive income	441	[2]	493	[2]
Ending balance	(3,993)	[2]	(5,799)	[2]
Unrealized Gains on Investment Securities Available for Sale
Accumulated Other Comprehensive Income (Loss) [Line Items]
Beginning balance	(10,091)	[2]	20,517	[2]
Other comprehensive income before reclassifications	7,256	[2]	(911)	[2]
Amounts reclassified from accumulated other comprehensive loss	0	[2]	0	[2]
Net current period other comprehensive income	7,256	[2]	(911)	[2]
Ending balance	(2,835)	[2]	19,606	[2]
Defined Benefit Pension Items
Accumulated Other Comprehensive Income (Loss) [Line Items]
Beginning balance	(10,743)	[2]	(96,331)	[2]
Other comprehensive income before reclassifications	0	[2]	0	[2]
Amounts reclassified from accumulated other comprehensive loss	977	[1],[2]	2,619	[1],[2]
Net current period other comprehensive income	977	[2]	2,619	[2]
Ending balance	$ (9,766)	[2]	$ (93,712)	[2]

[1] Amounts in parentheses indicate debits to profit/loss.

[2] All amounts are net of tax. Amounts in parentheses indicate debits.

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Business Combinations (Loans Acquired) (Details) (1st Financial, USD $) In Thousands, unless otherwise specified	Jan. 02, 2014
Business Acquisition [Line Items]
Contractually required payments	$ 414,233
Cash flows expected to be collected	400,622
Loans	316,327
Commercial
Business Acquisition [Line Items]
Loans	201,265
Commercial | Construction and land development
Business Acquisition [Line Items]
Loans	41,516
Commercial | Mortgage
Business Acquisition [Line Items]
Loans	123,925
Commercial | Other commercial real estate
Business Acquisition [Line Items]
Loans	6,698
Commercial | Commercial and industrial
Business Acquisition [Line Items]
Loans	29,126
Noncommerical
Business Acquisition [Line Items]
Loans	115,062
Noncommerical | Mortgage
Business Acquisition [Line Items]
Loans	113,177
Noncommerical | Consumer
Business Acquisition [Line Items]
Loans	$ 1,885

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Other Real Estate Owned (Details) (USD $) In Thousands, unless otherwise specified	3 Months Ended
	Mar. 31, 2014		Mar. 31, 2013
Covered
Beginning balance	$ 47,081		$ 102,577
Additions	1,514		29,370
Sales	(4,512)		(27,316)
Writedowns	(2,228)		(2,730)
Ending balance	41,855	[1]	101,901	[1]
Noncovered
Beginning balance	36,898		43,513
Additions	14,909	[2]	8,763
Sales	(5,854)		(6,347)
Writedowns	(1,449)		(1,101)
Ending balance	44,504	[1],[2]	44,828	[1]
Total
Beginning balance	83,979		146,090
Additions	16,423	[2]	38,133
Sales	(10,366)		(33,663)
Writedowns	(3,677)		(3,831)
Ending balance	86,359	[2]	146,729
1st Financial
Noncovered
Additions	$ 11,600	[2]

[1] Text selection found with no content.

[2] Noncovered additions include $11.6 million from the 1st Financial merger.

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Subsequent Events

3 Months Ended

Mar. 31, 2014

Subsequent Events [Abstract]

Subsequent Events

Subsequent Events

On April 29, 2014, at the 2014 annual meeting of shareholders, shareholders approved an amendment to BancShares' charter that authorizes a new class of preferred stock. Under the terms of the charter amendment, BancShares has authority to issue up to 10,000,000 shares of preferred stock with a par value of $0.01.

On April 29, 2014, shareholders also approved a long-term incentive plan that is intended to provide selected salaried employees of FCB or any of its affiliates with opportunities to earn awards in the form of cash bonuses based upon attainment of pre-established, objective performance goals.

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Allowance for Loan and Lease Losses (Tables)

3 Months Ended

Mar. 31, 2014

Allowance for Loan and Lease Losses, Adjustments, Net [Abstract]

Allocation of Allowance for Loan and Lease Losses [Table Text Block]

	Three months ended March 31, 2014
(Dollars in thousands)	Construction and land development - commercial			Commercial mortgage			Other commercial real estate			Commercial and industrial			Lease financing			Other			Residential mortgage			Revolving mortgage			Construction and land development - non- commercial			Consumer			Non- specific			Total
Originated Loans
Allowance for loan and lease losses:
Balance at January 1	$	10,335		$	100,257		$	1,009		$	22,362		$	4,749		$	190		$	10,511		$	16,239		$	681		$	13,541		$	—		$	179,874
Provision	1,885			(6,979		)	(74		)	1,976			(524		)	272			609			1,353			577			1,275			—			370
Charge-offs	—			(168		)	—			(496		)	(58		)	(8		)	(184		)	(1,260		)	(71		)	(2,177		)	—			(4,422		)
Recoveries	26			1,107			10			179			16			—			8			76			62			643			—			2,127
Balance at March 31	$	12,246		$	94,217		$	945		$	24,021		$	4,183		$	454		$	10,944		$	16,408		$	1,249		$	13,282		$	—		$	177,949
	Three months ended March 31, 2013
	Construction and land development - commercial			Commercial mortgage			Other commercial real estate			Commercial and industrial			Lease financing			Other			Residential mortgage			Revolving mortgage			Construction and land development - non- commercial			Consumer			Non- specific			Total
Balance at January 1	$	6,031		$	70,927		$	2,059		$	23,352		$	3,521		$	1,175		$	3,836		$	25,185		$	1,721		$	25,389		$	15,850		$	179,046
Provision	(1,834		)	2,536			(100		)	500			22			315			733			1,431			(113		)	604			(78		)	4,016
Charge-offs	(254		)	(654		)	(54		)	(1,258		)	—			—			(818		)	(2,188		)	(245		)	(2,596		)	—			(8,067		)
Recoveries	368			8			10			369			—			—			39			71			56			630			—			1,551
Balance at March 31	$	4,311		$	72,817		$	1,915		$	22,963		$	3,543		$	1,490		$	3,790		$	24,499		$	1,419		$	24,027		$	15,772		$	176,546

The provision for construction and land development - commercial totaled $1.9 million for the three months ended March 31, 2014. The March 31, 2014 provision expense was a direct result of increased loans during the quarter. Conversely, the March 31, 2013 credit provision resulted from a decline in the outstanding loan balances as well as the resolution of several individually impaired loans.

The commercial mortgage loan class had a net credit provision of $7.0 million for the three months ended March 31, 2014. The net credit provision was the result of declining loan balances, improvements in the credit risk rating mix and lower credit default trends within this loan class. Conversely, the March 31, 2013 provision expense was impacted by increased loan balances.

The commercial and industrial loan class had a provision expense of $2.0 million for the three months ended March 31, 2014 reflecting $94.4 million in loan growth for the quarter.

The following tables present the allowance for originated loan losses and the recorded investment in originated loans, by loan class, based on impairment method as of March 31, 2014 and December 31, 2013:

	March 31, 2014
(Dollars in thousands)	Construction and land development - commercial		Commercial mortgage		Other commercial real estate		Commercial and industrial		Lease financing		Other		Residential mortgage		Revolving mortgage		Construction and land development - non-commercial		Consumer		Total
Allowance for loan and lease losses:
ALLL for loans and leases individually evaluated for impairment	$	144	$	6,400	$	203	$	769	$	13	$	—	$	1,418	$	353	$	77	$	118	$	9,495
ALLL for loans and leases collectively evaluated for impairment	12,102		87,817		742		23,252		4,170		454		9,526		16,055		1,172		13,164		168,454
Total allowance for loan and lease losses	$	12,246	$	94,217	$	945	$	24,021	$	4,183	$	454	$	10,944	$	16,408	$	1,249	$	13,282	$	177,949
Loans and leases:
Loans and leases individually evaluated for impairment	$	2,329	$	88,987	$	1,627	$	8,804	$	393	$	—	$	15,626	$	3,587	$	699	$	1,015	$	123,067
Loans and leases collectively evaluated for impairment	332,942		6,241,856		175,455		1,166,739		393,875		179,725		1,014,406		2,087,413		118,350		366,398		12,077,159
Total loan and leases	$	335,271	$	6,330,843	$	177,082	$	1,175,543	$	394,268	$	179,725	$	1,030,032	$	2,091,000	$	119,049	$	367,413	$	12,200,226
	December 31, 2013
	Construction and land development - commercial		Commercial mortgage		Other commercial real estate		Commercial and industrial		Lease financing		Other		Residential mortgage		Revolving mortgage		Construction and land development - non-commercial		Consumer		Total
ALLL for loans and leases individually evaluated for impairment	$	103	$	6,873	$	209	$	771	$	54	$	—	$	1,586	$	372	$	72	$	121	$	10,161
ALLL for loans and leases collectively evaluated for impairment	10,232		93,384		800		21,591		4,695		190		8,925		15,867		609		13,420		169,713
Total allowance for loan and lease losses	$	10,335	$	100,257	$	1,009	$	22,362	$	4,749	$	190	$	10,511	$	16,239	$	681	$	13,541	$	179,874
Loans and leases individually evaluated for impairment	$	2,272	$	97,111	$	1,878	$	9,300	$	188	$	—	$	15,539	$	3,596	$	1,108	$	1,154	$	132,146
Loans and leases collectively evaluated for impairment	317,575		6,265,379		176,876		1,071,858		381,575		175,336		966,882		2,109,689		121,684		385,298		11,972,152
Total loan and leases	$	319,847	$	6,362,490	$	178,754	$	1,081,158	$	381,763	$	175,336	$	982,421	$	2,113,285	$	122,792	$	386,452	$	12,104,298

The following tables show the activity in the allowance for acquired loan and lease losses for the three months ended March 31, 2014 and March 31, 2013.

	Three months ended March 31, 2014
(Dollars in thousands)	Construction and land development - commercial			Commercial mortgage			Other commercial real estate			Commercial and industrial			Residential mortgage			Revolving mortgage			Construction and land development - noncommercial			Consumer and other			Total
Acquired Loans
Allowance for loan and lease losses:
Balance at January 1	$	1,320		$	29,906		$	1,354		$	5,275		$	11,802		$	2,959		$	682		$	222		$	53,520
Provision	3,355			(3,386		)	(150		)	(336		)	(2,300		)	634			(99		)	9			(2,273		)
Charge-offs	(199		)	(3,517		)	—			(2,683		)	262			(100		)	—			(17		)	(6,254		)
Recoveries	—			—			—			—			—			—			—			—			—
Balance at March 31	$	4,476		$	23,003		$	1,204		$	2,256		$	9,764		$	3,493		$	583		$	214		$	44,993
	Three months ended March 31, 2013
	Construction and land development - commercial			Commercial mortgage			Other commercial real estate			Commercial and industrial			Residential mortgage			Revolving mortgage			Construction and land development - noncommercial			Consumer and other			Total
Balance at January 1	$	31,186		$	50,275		$	11,234		$	8,897		$	19,837		$	9,754		$	8,287		$	502		$	139,972
Provision	(13,147		)	(2,084		)	(5,131		)	4,233			(1,505		)	(2,505		)	(2,313		)	(170		)	(22,622		)
Charge-offs	(4,733		)	(9,898		)	(931		)	(1,254		)	(729		)	(114		)	(3,218		)	—			(20,877		)
Recoveries	—			—			—			—			—			—			—			—			—
Balance at March 31	$	13,306		$	38,293		$	5,172		$	11,876		$	17,603		$	7,135		$	2,756		$	332		$	96,473

Allowance for Loan and Lease Losses

Allowance for Loan and Lease Losses

The following tables present the activity in the allowance for originated loan and lease losses by class of loans for the three months ended March 31, 2014 and March 31, 2013:

	Three months ended March 31, 2014
(Dollars in thousands)	Construction and land development - commercial			Commercial mortgage			Other commercial real estate			Commercial and industrial			Lease financing			Other			Residential mortgage			Revolving mortgage			Construction and land development - non- commercial			Consumer			Non- specific			Total
Originated Loans
Allowance for loan and lease losses:
Balance at January 1	$	10,335		$	100,257		$	1,009		$	22,362		$	4,749		$	190		$	10,511		$	16,239		$	681		$	13,541		$	—		$	179,874
Provision	1,885			(6,979		)	(74		)	1,976			(524		)	272			609			1,353			577			1,275			—			370
Charge-offs	—			(168		)	—			(496		)	(58		)	(8		)	(184		)	(1,260		)	(71		)	(2,177		)	—			(4,422		)
Recoveries	26			1,107			10			179			16			—			8			76			62			643			—			2,127
Balance at March 31	$	12,246		$	94,217		$	945		$	24,021		$	4,183		$	454		$	10,944		$	16,408		$	1,249		$	13,282		$	—		$	177,949
	Three months ended March 31, 2013
	Construction and land development - commercial			Commercial mortgage			Other commercial real estate			Commercial and industrial			Lease financing			Other			Residential mortgage			Revolving mortgage			Construction and land development - non- commercial			Consumer			Non- specific			Total
Balance at January 1	$	6,031		$	70,927		$	2,059		$	23,352		$	3,521		$	1,175		$	3,836		$	25,185		$	1,721		$	25,389		$	15,850		$	179,046
Provision	(1,834		)	2,536			(100		)	500			22			315			733			1,431			(113		)	604			(78		)	4,016
Charge-offs	(254		)	(654		)	(54		)	(1,258		)	—			—			(818		)	(2,188		)	(245		)	(2,596		)	—			(8,067		)
Recoveries	368			8			10			369			—			—			39			71			56			630			—			1,551
Balance at March 31	$	4,311		$	72,817		$	1,915		$	22,963		$	3,543		$	1,490		$	3,790		$	24,499		$	1,419		$	24,027		$	15,772		$	176,546

The provision for construction and land development - commercial totaled $1.9 million for the three months ended March 31, 2014. The March 31, 2014 provision expense was a direct result of increased loans during the quarter. Conversely, the March 31, 2013 credit provision resulted from a decline in the outstanding loan balances as well as the resolution of several individually impaired loans.

The commercial mortgage loan class had a net credit provision of $7.0 million for the three months ended March 31, 2014. The net credit provision was the result of declining loan balances, improvements in the credit risk rating mix and lower credit default trends within this loan class. Conversely, the March 31, 2013 provision expense was impacted by increased loan balances.

The commercial and industrial loan class had a provision expense of $2.0 million for the three months ended March 31, 2014 reflecting $94.4 million in loan growth for the quarter.

The following tables present the allowance for originated loan losses and the recorded investment in originated loans, by loan class, based on impairment method as of March 31, 2014 and December 31, 2013:

	March 31, 2014
(Dollars in thousands)	Construction and land development - commercial		Commercial mortgage		Other commercial real estate		Commercial and industrial		Lease financing		Other		Residential mortgage		Revolving mortgage		Construction and land development - non-commercial		Consumer		Total
Allowance for loan and lease losses:
ALLL for loans and leases individually evaluated for impairment	$	144	$	6,400	$	203	$	769	$	13	$	—	$	1,418	$	353	$	77	$	118	$	9,495
ALLL for loans and leases collectively evaluated for impairment	12,102		87,817		742		23,252		4,170		454		9,526		16,055		1,172		13,164		168,454
Total allowance for loan and lease losses	$	12,246	$	94,217	$	945	$	24,021	$	4,183	$	454	$	10,944	$	16,408	$	1,249	$	13,282	$	177,949
Loans and leases:
Loans and leases individually evaluated for impairment	$	2,329	$	88,987	$	1,627	$	8,804	$	393	$	—	$	15,626	$	3,587	$	699	$	1,015	$	123,067
Loans and leases collectively evaluated for impairment	332,942		6,241,856		175,455		1,166,739		393,875		179,725		1,014,406		2,087,413		118,350		366,398		12,077,159
Total loan and leases	$	335,271	$	6,330,843	$	177,082	$	1,175,543	$	394,268	$	179,725	$	1,030,032	$	2,091,000	$	119,049	$	367,413	$	12,200,226
	December 31, 2013
	Construction and land development - commercial		Commercial mortgage		Other commercial real estate		Commercial and industrial		Lease financing		Other		Residential mortgage		Revolving mortgage		Construction and land development - non-commercial		Consumer		Total
ALLL for loans and leases individually evaluated for impairment	$	103	$	6,873	$	209	$	771	$	54	$	—	$	1,586	$	372	$	72	$	121	$	10,161
ALLL for loans and leases collectively evaluated for impairment	10,232		93,384		800		21,591		4,695		190		8,925		15,867		609		13,420		169,713
Total allowance for loan and lease losses	$	10,335	$	100,257	$	1,009	$	22,362	$	4,749	$	190	$	10,511	$	16,239	$	681	$	13,541	$	179,874
Loans and leases individually evaluated for impairment	$	2,272	$	97,111	$	1,878	$	9,300	$	188	$	—	$	15,539	$	3,596	$	1,108	$	1,154	$	132,146
Loans and leases collectively evaluated for impairment	317,575		6,265,379		176,876		1,071,858		381,575		175,336		966,882		2,109,689		121,684		385,298		11,972,152
Total loan and leases	$	319,847	$	6,362,490	$	178,754	$	1,081,158	$	381,763	$	175,336	$	982,421	$	2,113,285	$	122,792	$	386,452	$	12,104,298

The following tables show the activity in the allowance for acquired loan and lease losses for the three months ended March 31, 2014 and March 31, 2013.

	Three months ended March 31, 2014
(Dollars in thousands)	Construction and land development - commercial			Commercial mortgage			Other commercial real estate			Commercial and industrial			Residential mortgage			Revolving mortgage			Construction and land development - noncommercial			Consumer and other			Total
Acquired Loans
Allowance for loan and lease losses:
Balance at January 1	$	1,320		$	29,906		$	1,354		$	5,275		$	11,802		$	2,959		$	682		$	222		$	53,520
Provision	3,355			(3,386		)	(150		)	(336		)	(2,300		)	634			(99		)	9			(2,273		)
Charge-offs	(199		)	(3,517		)	—			(2,683		)	262			(100		)	—			(17		)	(6,254		)
Recoveries	—			—			—			—			—			—			—			—			—
Balance at March 31	$	4,476		$	23,003		$	1,204		$	2,256		$	9,764		$	3,493		$	583		$	214		$	44,993
	Three months ended March 31, 2013
	Construction and land development - commercial			Commercial mortgage			Other commercial real estate			Commercial and industrial			Residential mortgage			Revolving mortgage			Construction and land development - noncommercial			Consumer and other			Total
Balance at January 1	$	31,186		$	50,275		$	11,234		$	8,897		$	19,837		$	9,754		$	8,287		$	502		$	139,972
Provision	(13,147		)	(2,084		)	(5,131		)	4,233			(1,505		)	(2,505		)	(2,313		)	(170		)	(22,622		)
Charge-offs	(4,733		)	(9,898		)	(931		)	(1,254		)	(729		)	(114		)	(3,218		)	—			(20,877		)
Recoveries	—			—			—			—			—			—			—			—			—
Balance at March 31	$	13,306		$	38,293		$	5,172		$	11,876		$	17,603		$	7,135		$	2,756		$	332		$	96,473

The following tables show the ending balances of acquired loans and leases and related allowance by class of loans as of March 31, 2014 and December 31, 2013:

	March 31, 2014
	Construction and land development - commercial		Commercial mortgage		Other commercial real estate		Commercial and industrial		Residential mortgage		Revolving mortgage		Construction and land development - noncommercial		Consumer and other		Total
ALLL for loans and leases acquired with deteriorated credit quality	$	4,476	$	23,003	$	1,204	$	2,256	$	9,764	$	3,493	$	583	$	214	$	44,993
Loans and leases acquired with deteriorated credit quality	106,670		728,872		47,826		38,838		291,254		25,776		28,151		3,431		1,270,818
	December 31, 2013
	Construction and land development - commercial		Commercial mortgage		Other commercial real estate		Commercial and industrial		Residential mortgage		Revolving mortgage		Construction and land development - noncommercial		Consumer and other		Total
ALLL for loans and leases acquired with deteriorated credit quality	$	1,320	$	29,906	$	1,354	$	5,275	$	11,802	$	2,959	$	682	$	222	$	53,520
Loans and leases acquired with deteriorated credit quality	78,915		642,891		41,381		17,254		213,851		30,834		2,583		1,717		1,029,426

At March 31, 2014 and December 31, 2013, $382.6 million and $459.9 million, respectively, in acquired loans experienced an adverse change in expected cash flows since the date of acquisition.

The following tables provide information on originated loans and leases that are individually evaluated for impairment as of March 31, 2014 and December 31, 2013.

	March 31, 2014
(Dollars in thousands)	With a recorded allowance		With no recorded allowance		Total		Unpaid principal balance		Related allowance recorded
Impaired originated loans and leases
Construction and land development - commercial	$	1,646	$	683	$	2,329	$	3,294	$	144
Commercial mortgage	57,568		31,419		88,987		94,950		6,400
Other commercial real estate	755		872		1,627		2,027		203
Commercial and industrial	6,530		2,274		8,804		10,055		769
Lease financing	238		155		393		393		13
Residential mortgage	10,624		5,002		15,626		16,026		1,418
Revolving mortgage	3,210		377		3,587		4,618		353
Construction and land development - noncommercial	699		—		699		699		77
Consumer	1,015		—		1,015		1,039		118
Total impaired originated loans and leases	$	82,285	$	40,782	$	123,067	$	133,101	$	9,495
	December 31, 2013
	With a recorded allowance		With no recorded allowance		Total		Unpaid principal balance		Related allowance recorded
Impaired originated loans and leases
Construction and land development - commercial	$	1,025	$	1,247	$	2,272	$	7,306	$	103
Commercial mortgage	57,819		39,292		97,111		103,522		6,873
Other commercial real estate	783		1,095		1,878		2,279		209
Commercial and industrial	7,197		2,103		9,300		10,393		771
Lease financing	133		55		188		188		54
Residential mortgage	11,534		4,005		15,539		15,939		1,586
Revolving mortgage	3,382		214		3,596		3,596		372
Construction and land development - noncommercial	651		457		1,108		1,108		72
Consumer	1,154		—		1,154		1,154		121
Total impaired originated loans and leases	$	83,678	$	48,468	$	132,146	$	145,485	$	10,161

The following tables show the average impaired originated loan balance and the interest income recognized by loan class for the three months ended March 31, 2014 and March 31, 2013:

	Three months ended March 31, 2014
(Dollars in thousands)	Average balance		Interest income recognized
Impaired originated loans and leases:
Construction and land development - commercial	$	1,031	$	15
Commercial mortgage	94,547		1,120
Other commercial real estate	1,796		21
Commercial and industrial	10,234		118
Lease financing	284		4
Residential mortgage	16,482		174
Revolving mortgage	3,892		27
Construction and land development - noncommercial	2,322		29
Consumer	1,059		5
Total impaired originated loans and leases	$	131,647	$	1,513
	Three months ended March 31, 2013
	Average balance		Interest income recognized
Impaired originated loans and leases:
Construction and land development - commercial	$	9,284	$	112
Commercial mortgage	103,848		1,425
Other commercial real estate	3,179		45
Commercial and industrial	18,997		266
Lease financing	355		6
Residential mortgage	17,330		228
Revolving mortgage	5,472		25
Construction and land development - noncommercial	866		11
Consumer	1,683		5
Total impaired originated loans and leases	$	161,014	$	2,123

Troubled Debt Restructurings

BancShares accounts for certain loan modifications or restructurings as troubled debt restructurings (TDRs). In general, the modification or restructuring of a loan is considered a TDR if, for economic reasons or legal reasons related to a borrower's financial difficulties, a concession is granted to the borrower that creditors would not otherwise grant. Concessions may relate to the contractual interest rate, maturity date, payment structure or other actions. In accordance with GAAP, loans acquired under ASC 310-30, Loans and Debt Securities Acquired with Deteriorated Credit Quality, are not initially considered to be TDRs, but can be classified as such if a modification is made subsequent to acquisition. Modifications of acquired loans that are part of a pool are not designated as TDRs. The following table provides a summary of total TDRs by accrual status.

	March 31, 2014						December 31, 2013
(Dollars in thousands)	Accruing		Nonaccruing		Total		Accruing		Nonaccruing		Total
Commercial loans
Construction and land development - commercial	$	20,791	$	1,002	$	21,793	$	21,032	$	1,002	$	22,034
Commercial mortgage	136,563		25,276		161,839		113,323		23,387		136,710
Other commercial real estate	3,308		933		4,241		3,470		1,150		4,620
Commercial and industrial	8,929		1,180		10,109		9,838		1,142		10,980
Lease	247		146		393		49		—		49
Total commercial TDRs	169,838		28,537		198,375		147,712		26,681		174,393
Noncommercial
Residential	23,519		3,806		27,325		23,343		3,663		27,006
Revolving mortgage	3,587		—		3,587		3,095		—		3,095
Construction and land development - noncommercial	699		—		699		651		457		1,108
Consumer and other	1,015		—		1,015		1,154		—		1,154
Total noncommercial TDRs	28,820		3,806		32,626		28,243		4,120		32,363
Total TDRs	$	198,658	$	32,343	$	231,001	$	175,955	$	30,801	$	206,756

The following table shows the accrual status of acquired and originated TDRs.

(Dollars in thousands)	March 31, 2014		December 31, 2013
Accruing TDRs:
Acquired	$	105,642	$	90,829
Originated	93,016		85,126
Total accruing TDRs	198,658		175,955
Nonaccruing TDRs:
Acquired	11,626		11,479
Originated	20,717		19,322
Total nonaccruing TDRs	32,343		30,801
All TDRs:
Acquired	117,268		102,308
Originated	113,733		104,448
Total TDRs	$	231,001	$	206,756

All TDRs are impaired loans. TDRs are, therefore, individually evaluated for impairment on a quarterly basis or more frequently as needed. Impairment is evaluated using one of three approved valuation methodologies: discounted cash flows, market prices or collateral values. Based on the accrual status and credit grade, management determines the most appropriate method to reasonably assess expectations for recovery of the investment. The discounted cash flow method, the collateral value method or a combination of the two aforementioned methods is used internally for TDR impairment analysis. Expected cash flows are discounted at the loan’s original effective interest rate.

Specific valuation allowances are established or partial charge-offs are recorded on TDRs in the amount equal to the difference between the estimated fair value and the loan amount.

The majority of TDRs are included in the special mention, substandard or doubtful grading categories. When a restructured loan subsequently defaults, it is evaluated and downgraded if appropriate. The more severely graded the loan, the lower the estimated expected cash flows and the greater the allowance recorded.

The following tables provide the types of TDRs made during the three months ended March 31, 2014 and March 31, 2013 for originated loans, as well as a summary of originated loans that were modified as a TDR during the 12 months ended March 31, 2014 and March 31, 2013 that subsequently defaulted during the three months ended March 31, 2014 and March 31, 2013. BancShares defines payment default as movement of the TDR to nonaccrual status, which is generally 30 days past due for TDRs, foreclosure or charge-off, whichever occurs first.

.

	Three months ended March 31, 2014						Three months ended March 31, 2013
	All restructurings			Restructurings with payment default			All restructurings			Restructurings with payment default
(Dollars in thousands)	Number of Loans	Recorded investment at period end		Number of Loans	Recorded investment at period end		Number of Loans	Recorded investment at period end		Number of Loans	Recorded investment at period end
Originated loans
Interest only period provided
Commercial mortgage	4	$	1,911	2	$	410	1	$	356	—	$	—
Commercial and industrial	1	196		—	—		—	—		—	—
Lease financing	2	146		—	—		—	—		—	—
Total interest only	7	2,253		2	410		1	356		—	—
Loan term extension
Commercial mortgage	5	2,620		—	—		6	2,117		1	483
Commercial and industrial	—	—		—	—		1	186		—	—
Lease financing	2	234		—	—		—	—		—	—
Residential mortgage	5	338		—	—		4	683		—	—
Consumer	—	—		1	41		—	—		—	—
Total loan term extension	12	3,192		1	41		11	2,986		1	483
Below market interest rate
Construction and land development - commercial	1	82		—	—		—	—		—	—
Commercial mortgage	12	4,677		1	449		3	2,556		1	1,024
Commercial and industrial	2	110		—	—		1	17		1	116
Residential mortgage	8	451		3	127		5	675		—	—
Revolving mortgage	5	278		—	—		—	—		—	—
Consumer	—	—		—	—		5	1,490		—	—
Total below market interest rate	28	5,598		4	576		14	4,738		2	1,140
Discharged from bankruptcy
Commercial mortgage	1	1,003		—	—		—	—		—	—
Residential mortgage	7	708		2	288		2	299		—	—
Revolving mortgage	4	229		—	—		24	1,878		5	233
Construction and land development-noncommercial	1	62		—	—		—	—		—	—
Consumer	1	18		—	—		—	—		—	—
Total discharged from bankruptcy	14	2,020		2	288		26	2,177		5	233
Total originated restructurings	61	$	13,063	9	$	1,315	52	$	10,257	8	$	1,856

The following tables provide the types of TDRs made during the three months ended March 31, 2014 and March 31, 2013 for acquired loans, as well as a summary of acquired loans that were modified as a TDR during the 12 months ended March 31, 2014 and March 31, 2013 that subsequently defaulted during the three months ended March 31, 2014 and March 31, 2013. BancShares defines payment default as movement of the TDR to nonaccrual status, which is generally 30 days past due for TDRs, foreclosure or charge-off, whichever occurs first.

	Three months ended March 31, 2014						Three months ended March 31, 2013
	All restructurings			Restructurings with payment default			All restructurings			Restructurings with payment default
(Dollars in thousands)	Number of loans	Recorded investment at period end		Number of loans	Recorded investment at period end		Number of loans	Recorded investment at period end		Number of loans	Recorded investment at period end
Acquired loans
Interest only period provided
Commercial mortgage	2	$	15,906	2	$	15,906	2	$	1,991	1	$	291
Residential mortgage	—	—		—	—		—	—		1	97
Total interest only	2	15,906		2	15,906		2	1,991		2	388
Loan term extension
Construction and land development - commercial	1	281		—	—		—	—		—	—
Total loan term extension	1	281		—	—		—	—		—	—
Below market interest rate
Construction and land development - commercial	1	37		—	—		1	309		—	—
Commercial mortgage	4	5,439		1	47		1	2,946		3	3,222
Commercial and industrial	—	—		—	—		2	458		—	—
Residential mortgage	1	102		1	436		2	726		2	726
Total below market interest rate	6	5,578		2	483		6	4,439		5	3,948
Total acquired restructurings	9	$	21,765	4	$	16,389	8	$	6,430	7	$	4,336

For the three months ended March 31, 2014 and March 31, 2013, the recorded investment in TDRs subsequent to modification was not materially impacted by the modification since forgiveness of principal is not a restructuring option frequently used by BancShares.

The following tables provide information on originated loans and leases that are individually evaluated for impairment as of March 31, 2014 and December 31, 2013.

	March 31, 2014
(Dollars in thousands)	With a recorded allowance		With no recorded allowance		Total		Unpaid principal balance		Related allowance recorded
Impaired originated loans and leases
Construction and land development - commercial	$	1,646	$	683	$	2,329	$	3,294	$	144
Commercial mortgage	57,568		31,419		88,987		94,950		6,400
Other commercial real estate	755		872		1,627		2,027		203
Commercial and industrial	6,530		2,274		8,804		10,055		769
Lease financing	238		155		393		393		13
Residential mortgage	10,624		5,002		15,626		16,026		1,418
Revolving mortgage	3,210		377		3,587		4,618		353
Construction and land development - noncommercial	699		—		699		699		77
Consumer	1,015		—		1,015		1,039		118
Total impaired originated loans and leases	$	82,285	$	40,782	$	123,067	$	133,101	$	9,495
	December 31, 2013
	With a recorded allowance		With no recorded allowance		Total		Unpaid principal balance		Related allowance recorded
Impaired originated loans and leases
Construction and land development - commercial	$	1,025	$	1,247	$	2,272	$	7,306	$	103
Commercial mortgage	57,819		39,292		97,111		103,522		6,873
Other commercial real estate	783		1,095		1,878		2,279		209
Commercial and industrial	7,197		2,103		9,300		10,393		771
Lease financing	133		55		188		188		54
Residential mortgage	11,534		4,005		15,539		15,939		1,586
Revolving mortgage	3,382		214		3,596		3,596		372
Construction and land development - noncommercial	651		457		1,108		1,108		72
Consumer	1,154		—		1,154		1,154		121
Total impaired originated loans and leases	$	83,678	$	48,468	$	132,146	$	145,485	$	10,161

The following tables show the average impaired originated loan balance and the interest income recognized by loan class for the three months ended March 31, 2014 and March 31, 2013:

	Three months ended March 31, 2014
(Dollars in thousands)	Average balance		Interest income recognized
Impaired originated loans and leases:
Construction and land development - commercial	$	1,031	$	15
Commercial mortgage	94,547		1,120
Other commercial real estate	1,796		21
Commercial and industrial	10,234		118
Lease financing	284		4
Residential mortgage	16,482		174
Revolving mortgage	3,892		27
Construction and land development - noncommercial	2,322		29
Consumer	1,059		5
Total impaired originated loans and leases	$	131,647	$	1,513
	Three months ended March 31, 2013
	Average balance		Interest income recognized
Impaired originated loans and leases:
Construction and land development - commercial	$	9,284	$	112
Commercial mortgage	103,848		1,425
Other commercial real estate	3,179		45
Commercial and industrial	18,997		266
Lease financing	355		6
Residential mortgage	17,330		228
Revolving mortgage	5,472		25
Construction and land development - noncommercial	866		11
Consumer	1,683		5
Total impaired originated loans and leases	$	161,014	$	2,123

Troubled Debt Restructurings on Financing Receivables

.

	Three months ended March 31, 2014						Three months ended March 31, 2013
	All restructurings			Restructurings with payment default			All restructurings			Restructurings with payment default
(Dollars in thousands)	Number of Loans	Recorded investment at period end		Number of Loans	Recorded investment at period end		Number of Loans	Recorded investment at period end		Number of Loans	Recorded investment at period end
Originated loans
Interest only period provided
Commercial mortgage	4	$	1,911	2	$	410	1	$	356	—	$	—
Commercial and industrial	1	196		—	—		—	—		—	—
Lease financing	2	146		—	—		—	—		—	—
Total interest only	7	2,253		2	410		1	356		—	—
Loan term extension
Commercial mortgage	5	2,620		—	—		6	2,117		1	483
Commercial and industrial	—	—		—	—		1	186		—	—
Lease financing	2	234		—	—		—	—		—	—
Residential mortgage	5	338		—	—		4	683		—	—
Consumer	—	—		1	41		—	—		—	—
Total loan term extension	12	3,192		1	41		11	2,986		1	483
Below market interest rate
Construction and land development - commercial	1	82		—	—		—	—		—	—
Commercial mortgage	12	4,677		1	449		3	2,556		1	1,024
Commercial and industrial	2	110		—	—		1	17		1	116
Residential mortgage	8	451		3	127		5	675		—	—
Revolving mortgage	5	278		—	—		—	—		—	—
Consumer	—	—		—	—		5	1,490		—	—
Total below market interest rate	28	5,598		4	576		14	4,738		2	1,140
Discharged from bankruptcy
Commercial mortgage	1	1,003		—	—		—	—		—	—
Residential mortgage	7	708		2	288		2	299		—	—
Revolving mortgage	4	229		—	—		24	1,878		5	233
Construction and land development-noncommercial	1	62		—	—		—	—		—	—
Consumer	1	18		—	—		—	—		—	—
Total discharged from bankruptcy	14	2,020		2	288		26	2,177		5	233
Total originated restructurings	61	$	13,063	9	$	1,315	52	$	10,257	8	$	1,856

The following tables provide the types of TDRs made during the three months ended March 31, 2014 and March 31, 2013 for acquired loans, as well as a summary of acquired loans that were modified as a TDR during the 12 months ended March 31, 2014 and March 31, 2013 that subsequently defaulted during the three months ended March 31, 2014 and March 31, 2013. BancShares defines payment default as movement of the TDR to nonaccrual status, which is generally 30 days past due for TDRs, foreclosure or charge-off, whichever occurs first.

	Three months ended March 31, 2014						Three months ended March 31, 2013
	All restructurings			Restructurings with payment default			All restructurings			Restructurings with payment default
(Dollars in thousands)	Number of loans	Recorded investment at period end		Number of loans	Recorded investment at period end		Number of loans	Recorded investment at period end		Number of loans	Recorded investment at period end
Acquired loans
Interest only period provided
Commercial mortgage	2	$	15,906	2	$	15,906	2	$	1,991	1	$	291
Residential mortgage	—	—		—	—		—	—		1	97
Total interest only	2	15,906		2	15,906		2	1,991		2	388
Loan term extension
Construction and land development - commercial	1	281		—	—		—	—		—	—
Total loan term extension	1	281		—	—		—	—		—	—
Below market interest rate
Construction and land development - commercial	1	37		—	—		1	309		—	—
Commercial mortgage	4	5,439		1	47		1	2,946		3	3,222
Commercial and industrial	—	—		—	—		2	458		—	—
Residential mortgage	1	102		1	436		2	726		2	726
Total below market interest rate	6	5,578		2	483		6	4,439		5	3,948
Total acquired restructurings	9	$	21,765	4	$	16,389	8	$	6,430	7	$	4,336

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Allowance for Loan and Lease Losses (Troubled Debt Restructuring) (Details) (USD $) In Thousands, unless otherwise specified	Mar. 31, 2014	Dec. 31, 2013
Financing Receivable, Modifications [Line Items]
Accruing	$ 198,658	$ 175,955
Nonaccruing	32,343	30,801
Financing Receivable, Modifications, Recorded Investment	231,001	206,756
TDRs
Financing Receivable, Modifications [Line Items]
Accruing	198,658	175,955
Nonaccruing	32,343	30,801
Financing Receivable, Modifications, Recorded Investment	231,001	206,756
Originated Loans
Financing Receivable, Modifications [Line Items]
Nonaccruing	46,952	53,170
Originated Loans | TDRs
Financing Receivable, Modifications [Line Items]
Accruing	93,016	85,126
Nonaccruing	20,717	19,322
Financing Receivable, Modifications, Recorded Investment	113,733	104,448
Acquired Loans | TDRs
Financing Receivable, Modifications [Line Items]
Accruing	105,642	90,829
Nonaccruing	11,626	11,479
Financing Receivable, Modifications, Recorded Investment	117,268	102,308
Commercial
Financing Receivable, Modifications [Line Items]
Accruing	169,838	147,712
Nonaccruing	28,537	26,681
Financing Receivable, Modifications, Recorded Investment	198,375	174,393
Commercial | Construction and land development
Financing Receivable, Modifications [Line Items]
Accruing	20,791	21,032
Nonaccruing	1,002	1,002
Financing Receivable, Modifications, Recorded Investment	21,793	22,034
Commercial | Construction and land development | Originated Loans
Financing Receivable, Modifications [Line Items]
Nonaccruing	702	544
Commercial | Mortgage
Financing Receivable, Modifications [Line Items]
Accruing	136,563	113,323
Nonaccruing	25,276	23,387
Financing Receivable, Modifications, Recorded Investment	161,839	136,710
Commercial | Mortgage | Originated Loans
Financing Receivable, Modifications [Line Items]
Nonaccruing	28,910	33,529
Commercial | Other commercial real estate
Financing Receivable, Modifications [Line Items]
Accruing	3,308	3,470
Nonaccruing	933	1,150
Financing Receivable, Modifications, Recorded Investment	4,241	4,620
Commercial | Other commercial real estate | Originated Loans
Financing Receivable, Modifications [Line Items]
Nonaccruing	1,459	1,610
Commercial | Commercial and industrial
Financing Receivable, Modifications [Line Items]
Accruing	8,929	9,838
Nonaccruing	1,180	1,142
Financing Receivable, Modifications, Recorded Investment	10,109	10,980
Commercial | Commercial and industrial | Originated Loans
Financing Receivable, Modifications [Line Items]
Nonaccruing	1,075	1,428
Commercial | Lease financing
Financing Receivable, Modifications [Line Items]
Accruing	247	49
Nonaccruing	146	0
Financing Receivable, Modifications, Recorded Investment	393	49
Commercial | Lease financing | Originated Loans
Financing Receivable, Modifications [Line Items]
Nonaccruing	689	832
Noncommerical
Financing Receivable, Modifications [Line Items]
Accruing	28,820	28,243
Nonaccruing	3,806	4,120
Financing Receivable, Modifications, Recorded Investment	32,626	32,363
Noncommerical | Mortgage
Financing Receivable, Modifications [Line Items]
Accruing	23,519	23,343
Nonaccruing	3,806	3,663
Financing Receivable, Modifications, Recorded Investment	27,325	27,006
Noncommerical | Mortgage | Originated Loans
Financing Receivable, Modifications [Line Items]
Nonaccruing	14,091	14,701
Noncommerical | Construction and land development
Financing Receivable, Modifications [Line Items]
Accruing	699	651
Nonaccruing	0	457
Financing Receivable, Modifications, Recorded Investment	699	1,108
Noncommerical | Construction and land development | Originated Loans
Financing Receivable, Modifications [Line Items]
Nonaccruing	0	457
Noncommerical | Revolving mortgage
Financing Receivable, Modifications [Line Items]
Accruing	3,587	3,095
Nonaccruing	0	0
Financing Receivable, Modifications, Recorded Investment	3,587	3,095
Noncommerical | Revolving mortgage | Originated Loans
Financing Receivable, Modifications [Line Items]
Nonaccruing	0	0
Noncommerical | Consumer and Other
Financing Receivable, Modifications [Line Items]
Accruing	1,015	1,154
Nonaccruing	0	0
Financing Receivable, Modifications, Recorded Investment	$ 1,015	$ 1,154

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Loans and Leases (Loans Acquired By Loan Class) (Details) (USD $) In Thousands, unless otherwise specified	Mar. 31, 2014	Dec. 31, 2013
Accounts, Notes, Loans and Financing Receivable [Line Items]
Acquired	$ 1,270,818	$ 1,029,426
Commercial
Accounts, Notes, Loans and Financing Receivable [Line Items]
Acquired	923,076	781,307
Commercial | Construction and land development
Accounts, Notes, Loans and Financing Receivable [Line Items]
Acquired	106,670	78,915
Commercial | Mortgage
Accounts, Notes, Loans and Financing Receivable [Line Items]
Acquired	728,872	642,891
Commercial | Other commercial real estate
Accounts, Notes, Loans and Financing Receivable [Line Items]
Acquired	47,826	41,381
Commercial | Commercial and industrial
Accounts, Notes, Loans and Financing Receivable [Line Items]
Acquired	38,838	17,254
Commercial | Other
Accounts, Notes, Loans and Financing Receivable [Line Items]
Acquired	870	866
Noncommerical
Accounts, Notes, Loans and Financing Receivable [Line Items]
Acquired	347,742	248,119
Noncommerical | Mortgage
Accounts, Notes, Loans and Financing Receivable [Line Items]
Acquired	291,254	213,851
Noncommerical | Revolving mortgage
Accounts, Notes, Loans and Financing Receivable [Line Items]
Acquired	25,776	30,834
Noncommerical | Construction and land development
Accounts, Notes, Loans and Financing Receivable [Line Items]
Acquired	28,151	2,583
Noncommerical | Consumer
Accounts, Notes, Loans and Financing Receivable [Line Items]
Acquired	$ 2,561	$ 851

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Consolidated Statement of Comprehensive Income (USD $) In Thousands, unless otherwise specified	3 Months Ended
	Mar. 31, 2014	Mar. 31, 2013
Statement of Comprehensive Income [Abstract]
Net income	$ 22,366	$ 55,585
Unrealized gains on securities:
Change in unrealized securities gains arising during period	11,899	(1,476)
Tax effect	(4,643)	565
Total change in unrealized gains on securities, net of tax	7,256	(911)
Change in fair value of cash flow hedges:
Change in unrecognized loss on cash flow hedges	719	815
Tax effect	(278)	(322)
Total change in unrecognized loss on cash flow hedges, net of tax	441	493
Change in pension obligation:
Reclassification adjustment for losses included in income before income taxes	1,599	4,304
Tax effect	(622)	(1,685)
Total change in pension obligation, net of tax	977	2,619
Net current period other comprehensive income	8,674	2,201
Total comprehensive income	$ 31,040	$ 57,786

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Business Combinations

3 Months Ended

Mar. 31, 2014

Business Combinations [Abstract]

Business Combinations

Business Combinations

On January 1, 2014, FCB completed its merger with 1st Financial Services Corporation (1st Financial) of Hendersonville, NC and its wholly-owned subsidiary, Mountain 1st Bank & Trust Company (Mountain 1st). The merger allows FCB to expand its presence in Western North Carolina. Mountain 1st had twelve branches located in Asheville, Brevard, Columbus, Etowah, Fletcher, Forest City, Hendersonville, Hickory, Marion, Shelby and Waynesville. FCB requested and received approval from the North Carolina Commissioner of Banks and the FDIC to close seven Mountain 1st branches due to their proximity to legacy FCB branches. Customers have been notified, and the 90-day waiting period will expire on May 1. FCB anticipates closing the branches in Asheville, Brevard, Fletcher, Forest City, Hendersonville, Hickory and Marion sometime in May. All customer relationships assigned to those branches will be transferred to the nearest FCB branch.

FCB paid $10.0 million to acquire 1st Financial, including payments of $8.0 million to the U.S. Treasury to acquire and subsequently retire1st Financial's Troubled Asset Relief Program (TARP) obligation and $2.0 million paid to the shareholders of 1st Financial. As a result of the merger, FCB recorded $24.5 million in goodwill and $3.8 million in core deposit intangibles.

The 1st Financial transaction was accounted for under the acquisition method of accounting, and the purchased assets, assumed liabilities and identifiable intangible assets were recorded at their acquisition date estimated fair values. Fair values are subject to refinement for up to one year after the closing date of the transaction as additional information regarding closing date fair values becomes available.

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 merger and the resulting fair value recorded by FCB.

	January 1, 2014
(Dollars in thousands)	As recorded by 1st Financial			Fair value adjustments			As recorded by FCB
Assets
Cash and cash equivalents	$	28,194		$	—		$	28,194
Investment securities	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
Short-term borrowings	406			—			406
Other liabilities	3,392			167			3,559
Total liabilities assumed	$	634,123		$	1,713		635,836
Fair value of net liabilities assumed							14,515
Cash paid to shareholders							2,000
Cash paid to acquire TARP securities							8,000
Goodwill recorded for 1st Financial							$	24,515

Goodwill recorded for 1st Financial represents future revenues to be derived from the existing customer base, including efficiencies that will result from combining operations and other non-identifiable intangible assets. The 1st Financial transaction is a taxable asset acquisition, and goodwill resulting from the transaction is deductible for income tax purposes.

Merger costs related to the 1st Financial transaction are estimated to be between $6.0 million and $7.0 million. Revenue generated from 1st Financial was approximately $6.9 million for the first quarter of 2014.

All loans resulting from the 1st Financial transaction are accounted for under the expected cash flow method (ASC 310-30).

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 merger date were:

(Dollars in thousands)	January 1, 2014
Contractually required payments	$	414,233
Cash flows expected to be collected	400,622
Fair value at acquisition date	316,327

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

(Dollars in thousands)	January 1, 2014
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

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Employee Benefit Plans (Narrative) (Details) (Defined Benefit Pension)	3 Months Ended	12 Months Ended
	Mar. 31, 2014	Dec. 31, 2013
Defined Benefit Pension
Defined Benefit Plan Disclosure [Line Items]
Assumed discount rate (percent)	4.90%	4.00%
Expected long-term rate of return on plan assets (percent)	7.50%	7.25%
Assumed rate of salary increases (percent)	4.00%	4.00%

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Other Real Estate Owned (Tables)

3 Months Ended

Mar. 31, 2014

Banking and Thrift [Abstract]

Changes in other real estate owned

The following table explains changes in other real estate owned during the three months ended March 31, 2014 and March 31, 2013.

(Dollars in thousands)	Covered			Noncovered			Total
Balance at December 31, 2012	$	102,577		$	43,513		$	146,090
Additions	29,370			8,763			38,133
Sales	(27,316		)	(6,347		)	(33,663		)
Writedowns	(2,730		)	(1,101		)	(3,831		)
Balance at March 31, 2013	$	101,901		$	44,828		$	146,729
Balance at December 31, 2013	$	47,081		$	36,898		$	83,979
Additions 1	1,514			14,909			16,423
Sales	(4,512		)	(5,854		)	(10,366		)
Writedowns	(2,228		)	(1,449		)	(3,677		)
Balance at March 31, 2014	$	41,855		$	44,504		$	86,359

¹ Noncovered additions include $11.6 million from the 1st Financial merger.

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Investments (Narrative) (Details) (USD $)	3 Months Ended
	Mar. 31, 2014 investments	Dec. 31, 2013
Investments [Abstract]
Securities gains (losses)	$ 0
Unrealized Losses Related to Marketability of Securities or Issuer's Ability to Honor Redemption Obligations	0	0
Fair Value, 12 months or more in unrealized loss position	23,622,000	56,830,000
Investment securities, aggregate unrealized loss, continuous unrealized losses of more than 12 months	800,000
Number of investments in continuous unrealized loss position for more than twelve months	16
Investment value deemed to be OTTI	0
Investment securities, aggregate carrying value, pledged as collateral	$ 2,780,000,000	$ 2,750,000,000

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Accumulated Other Comprehensive Loss

3 Months Ended

Mar. 31, 2014

Accumulated Other Comprehensive Income (Loss), Net of Tax [Abstract]

Accumulated Other Comprehensive Loss

Accumulated Other Comprehensive Loss

Accumulated other comprehensive loss included the following as of March 31, 2014 and December 31, 2013:

	March 31, 2014									December 31, 2013
(Dollars in thousands)	Accumulated other comprehensive loss			Deferred tax benefit			Accumulated other comprehensive loss, net of tax			Accumulated other comprehensive loss			Deferred tax benefit			Accumulated other comprehensive loss, net of tax
Unrealized losses on investment securities available for sale, net	$	(4,733	)	$	(1,898	)	$	(2,835	)	$	(16,632	)	$	(6,541	)	$	(10,091	)
Unrealized loss on cash flow hedge	(6,501		)	(2,508		)	(3,993		)	(7,220		)	(2,786		)	(4,434		)
Funded status of defined benefit plan	(15,983		)	(6,217		)	(9,766		)	(17,582		)	(6,839		)	(10,743		)
Total	$	(27,217	)	$	(10,623	)	$	(16,594	)	$	(41,434	)	$	(16,166	)	$	(25,268	)

The following table highlights changes in accumulated other comprehensive loss by component for the three months ended March 31, 2014 and March 31, 2013:

	Three months ended March 31, 2014
(Dollars in thousands)	Unrealized gains and losses on available for sale securities1			Gains and losses on cash flow hedges1			Defined benefit pension items1			Total
Beginning balance	$	(10,091	)	$	(4,434	)	$	(10,743	)	$	(25,268	)
Other comprehensive income before reclassifications	7,256			441			—			7,697
Amounts reclassified from accumulated other comprehensive loss	—			—			977			977
Net current period other comprehensive income	7,256			441			977			8,674
Ending balance	$	(2,835	)	$	(3,993	)	$	(9,766	)	$	(16,594	)
	Three months ended March 31, 2013
	Unrealized gains and losses on available for sale securities1			Gains and losses on cash flow hedges1			Defined benefit pension items1			Total
Beginning balance	$	20,517		$	(6,292	)	$	(96,331	)	$	(82,106	)
Other comprehensive income before reclassifications	(911		)	493			—			(418		)
Amounts reclassified from accumulated other comprehensive loss	—			—			2,619			2,619
Net current period other comprehensive (loss) income	(911		)	493			2,619			2,201
Ending balance	$	19,606		$	(5,799	)	$	(93,712	)	$	(79,905	)

¹ All amounts are net of tax. Amounts in parentheses indicate debits.

	Three months ended March 31, 2014
Details about accumulated other comprehensive loss	Amount reclassified from accumulated other comprehensive income1			Affected line item in the statement where net income is presented
(Dollars in thousands)
Amortization of defined benefit pension items
Prior service costs	$	(53	)	Employee benefits
Actuarial losses	(1,546		)	Employee benefits
	(1,599		)	Income before income taxes
	622			Income taxes
	$	(977	)	Net income
Total reclassifications for the period	$	(977	)
	Three months ended March 31, 2013
Details about accumulated other comprehensive loss	Amount reclassified from accumulated other comprehensive income1			Affected line item in the statement where net income is presented
Amortization of defined benefit pension items
Prior service costs	$	(53	)	Employee benefits
Actuarial losses	(4,251		)	Employee benefits
	(4,304		)	Income before income taxes
	1,685			Income taxes
	$	(2,619	)	Net income
Total reclassifications for the period	$	(2,619	)

¹ Amounts in parentheses indicate debits to profit/loss.