XML 49 R33.htm IDEA: XBRL DOCUMENT v3.3.1.900
Business Combinations Business Combinations (Tables)
12 Months Ended
Dec. 31, 2015
Business Acquisition [Line Items]  
Pro Forma Financial Information for Bancoporiation Acquisition
 
Year ended December 31
(Dollars in thousands, unaudited)
2014
Total revenue (interest income plus noninterest income)
$
1,336,340

Net loss
$
(13,171
)
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

Capitol City Bank and Trust  
Business Acquisition [Line Items]  
Schedule of Assets Acquired and Liabilities Assumed
The following table provides the identifiable assets acquired and liabilities assumed at their estimated fair values as of the acquisition date.
(Dollars in thousands)
 
As recorded by FCB
Assets
 
 
Cash and cash equivalents
 
$
19,622

Investment securities
 
35,413

Loans
 
154,496

Intangible assets
 
690

Other assets
 
1,714

Total assets acquired
 
211,935

Liabilities
 
 
Deposits
 
266,352

Short-term borrowings
 
5,501

Other liabilities
 
667

Total liabilities assumed
 
272,520

Fair value of net liabilities assumed
 
(60,585
)
Cash received from FDIC
 
103,515

Gain on acquisition of CCBT
 
$
42,930