XML 41 R33.htm IDEA: XBRL DOCUMENT v2.4.1.9
Business Combinations Business Combinations (Tables)
12 Months Ended
Dec. 31, 2014
Business Acquisition [Line Items]  
Pro Forma Financial Information for Bancoporiation Acquisition
 
Year ended December 31
(Dollars in thousands, unaudited)
2014
 
2013
Total revenue (interest income plus noninterest income)
$
1,336,340

 
$
1,412,226

Net income (loss)
$
(13,171
)
 
$
210,529

Bancorporation  
Business Acquisition [Line Items]  
Schedule of Assets Acquired and Liabilities Assumed
The following table provides the purchase price as of the acquisition date and the identifiable assets acquired and liabilities assumed at their estimated fair values.
(Dollars in thousands)
 
 
 
Purchase Price
 
 
 
Value of shares of BancShares Class A common stock issued to Bancorporation shareholders
 
 
$
560,370

Value of shares of BancShares Class B common stock issued to Bancorporation shareholders
 
 
3,877

Cash paid to Bancorporation shareholders
 
 
30,394

Fair value of Bancorporation shares owned by BancShares
 
 
29,551

Total purchase price
 
 
624,192

 
 
 
 
Assets
 
 
 
Cash and due from banks
$
194,570

 
 
Overnight investments
1,087,325

 
 
Investment securities available for sale
2,011,263

 
 
Loans held for sale
30,997

 
 
Loans and leases
4,491,067

 
 
Premises and equipment
238,646

 
 
Other real estate owned
35,344

 
 
Income earned not collected
15,266

 
 
FDIC loss share receivable
5,106

 
 
Other intangible assets
109,416

 
 
Other assets
56,367

 
 
Total assets acquired
8,275,367

 
 
Liabilities
 
 
 
Deposits
7,174,817

 
 
Short-term borrowings
295,681

 
 
Long-term obligations
124,852

 
 
FDIC loss share payable
224

 
 
Other liabilities
59,834

 
 
Total liabilities assumed
$
7,655,408

 
 
Fair value of net assets acquired
 
 
619,959

Goodwill recorded for Bancorporation
 
 
$
4,233

1st Financial  
Business Acquisition [Line Items]  
Schedule of Assets Acquired and Liabilities Assumed
The following table provides the purchase price as of the acquisition date and the identifiable assets acquired and liabilities assumed at their estimated fair values.
(Dollars in thousands)
 
 
 
Purchase Price
 
 
 
Cash paid to shareholders
 
 
$
2,000

Cash paid to acquire and retire TARP securities
 
 
8,000

Total purchase price
 
 
10,000

 
 
 
 
Assets
 
 
 
Cash and due from banks
$
28,194

 
 
Investment securities available for sale
237,438

 
 
Loans held for sale
1,183

 
 
Restricted equity securities
3,776

 
 
Loans
307,927

 
 
Premises and equipment
2,686

 
 
Other real estate owned
11,591

 
 
Other intangible assets
3,780

 
 
Other assets
16,346

 
 
Total assets acquired
612,921

 
 
Liabilities
 
 
 
Deposits
631,871

 
 
Short-term borrowings
406

 
 
Other liabilities
3,559

 
 
Total liabilities assumed
$
635,836

 
 
Fair value of net liabilities assumed
 
 
22,915

Goodwill recorded for 1st Financial
 
 
$
32,915