ý | QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 |
¨ | TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 |
Oklahoma | 73-1373454 | |
(State or other jurisdiction of Incorporation or Organization) | (IRS Employer Identification No.) | |
Bank of Oklahoma Tower | ||
Boston Avenue at Second Street | ||
Tulsa, Oklahoma | 74192 | |
(Address of Principal Executive Offices) | (Zip Code) |
Part I. Financial Information | |
Management’s Discussion and Analysis (Item 2) | |
Market Risk (Item 3) | |
Controls and Procedures (Item 4) | |
Consolidated Financial Statements – Unaudited (Item 1) | |
Quarterly Financial Summary – Unaudited (Item 2) | |
Quarterly Earnings Trend – Unaudited | |
Part II. Other Information | |
Item 1. Legal Proceedings | |
Item 2. Unregistered Sales of Equity Securities and Use of Proceeds | |
Item 6. Exhibits | |
Signatures |
• | Net interest revenue totaled $278.1 million, up $58.4 million over the first quarter of 2018. CoBiz added $42.8 million to net interest revenue. The remaining increase in net interest revenue over the prior year was driven by both growth in average earning assets and improving yields. Net interest margin was 3.30 percent for the first quarter of 2019 compared to 2.99 percent for the first quarter of 2018. Average earning assets were $34.4 billion for the first quarter of 2019 compared to $29.9 billion for the first quarter of 2018. Net interest revenue decreased $7.6 million compared to the fourth quarter of 2018. Net interest margin decreased by 10 basis points. A decrease in average non-interest bearing demand deposits and an increase in average trading securities and related receivables combined to decrease net interest revenue and to compress the net interest margin. |
• | Fees and commissions revenue totaled $160.6 million, an increase of $938 thousand compared to the first quarter of 2018. Increases in brokerage and trading, fiduciary and asset management and deposit service charges were partially offset by decreased mortgage banking revenue. Fees and commissions revenue were consistent with the fourth quarter of 2018. Increases in brokerage and trading and mortgage banking revenue were offset by a decrease in other revenue. |
• | Other operating expense totaled $274.4 million, a $30.0 million increase over the first quarter of 2018. Expenses related to CoBiz operations added $26.6 million in the first quarter of 2019. Excluding CoBiz operations, personnel expense increased $9.6 million, primarily due to an increase in regular and share-based compensation. Non-personnel expense decreased $6.4 million, largely due to a decrease in net losses and expenses related to repossessed assets. Operating expense increased $4.3 million over the fourth quarter of 2018. Personnel expense increased $10.9 million, primarily due to an increase in share-based compensation expense due to changes in vesting assumptions. Non-personnel expense decreased $6.6 million. |
• | The Company recorded a provision for credit losses of $8.0 million in the first quarter of 2019 and $9.0 million in the fourth quarter of 2018. A negative provision of $5.0 million was recorded in the first quarter of 2018. Nonperforming assets not guaranteed by U.S. government agencies decreased $10.8 million compared to December 31, 2018. Potential problem loans decreased $46 million while other loans especially mentioned increased $14 million. Net charge-offs were $10.1 million or 0.19 percent of average loans for the first quarter of 2019, compared to net charge-offs of $12.3 million or 0.23% of average loans for the fourth quarter of 2018. The combined allowance for credit losses totaled $207 million or 0.95 percent of outstanding loans at March 31, 2019 compared to $209 million or 0.97 percent of outstanding loans at December 31, 2018. |
• | Period-end outstanding loan balances totaled $21.8 billion at March 31, 2019, an increase of $102 million over December 31, 2018. |
• | Period-end deposits were $25.3 billion at March 31, 2019, a $68 million increase compared to December 31, 2018. Interest-bearing transaction deposits increased $270 million while demand deposit balances decreased $318 million. Savings and time deposits balances increased $116 million. |
• | The common equity Tier 1 capital ratio at March 31, 2019 was 10.71 percent. Other regulatory capital ratios were Tier 1 capital ratio, 10.71 percent, total capital ratio, 12.24 percent, and leverage ratio, 8.76 percent. At December 31, 2018, the common equity Tier 1 capital ratio was 10.92 percent, the Tier 1 capital ratio was 10.92 percent, total capital ratio was 12.50 percent, and leverage ratio was 8.96 percent. |
• | The Company repurchased 705,609 shares at an average price of $85.85 per share during the first quarter of 2019 and 525,000 thousand shares at an average price of $85.82 in the fourth quarter of 2018. |
• | The company paid a regular cash dividend of $35.9 million or $0.50 per common share during the first quarter of 2019. On April 30, 2019, the board of directors approved a quarterly cash dividend of $0.50 per common share payable on or about May 28, 2019 to shareholders of record as of May 13, 2019. |
Three Months Ended March 31, 2019 / 2018 | ||||||||||||
Change Due To1 | ||||||||||||
Change | Volume | Yield/Rate | ||||||||||
Tax-equivalent interest revenue: | ||||||||||||
Interest-bearing cash and cash equivalents | $ | (4,585 | ) | $ | (7,753 | ) | $ | 3,168 | ||||
Trading securities | 10,981 | 9,224 | 1,757 | |||||||||
Investment securities | 317 | (966 | ) | 1,283 | ||||||||
Available for sale securities | 10,873 | 2,780 | 8,093 | |||||||||
Fair value option securities | 418 | (597 | ) | 1,015 | ||||||||
Restricted equity securities | 1,228 | 811 | 417 | |||||||||
Residential mortgage loans held for sale | (181 | ) | (549 | ) | 368 | |||||||
Loans | 92,754 | 53,853 | 38,901 | |||||||||
Total tax-equivalent interest revenue | 111,805 | 56,803 | 55,002 | |||||||||
Interest expense: | ||||||||||||
Transaction deposits | 16,210 | 2,736 | 13,474 | |||||||||
Savings deposits | 72 | 12 | 60 | |||||||||
Time deposits | 2,916 | 3 | 2,913 | |||||||||
Funds purchased and repurchase agreements | 9,834 | 4,561 | 5,273 | |||||||||
Other borrowings | 21,527 | 3,746 | 17,781 | |||||||||
Subordinated debentures | 1,742 | 1,796 | (54 | ) | ||||||||
Total interest expense | 52,301 | 12,854 | 39,447 | |||||||||
Tax-equivalent net interest revenue | 59,504 | 43,949 | 15,555 | |||||||||
Change in tax-equivalent adjustment | 1,138 | |||||||||||
Net interest revenue | $ | 58,366 |
1 | Changes attributable to both volume and yield/rate are allocated to both volume and yield/rate on an equal basis. |
Three Months Ended March 31, | Increase (Decrease) | % Increase (Decrease) | Three Months Ended Dec. 31, 2018 | Increase (Decrease) | % Increase (Decrease) | |||||||||||||||||||||
2019 | 2018 | |||||||||||||||||||||||||
Brokerage and trading revenue | $ | 31,617 | $ | 30,648 | $ | 969 | 3 | % | $ | 28,101 | $ | 3,516 | 13 | % | ||||||||||||
Transaction card revenue | 20,738 | 20,990 | (252 | ) | (1 | )% | 20,664 | 74 | — | % | ||||||||||||||||
Fiduciary and asset management revenue | 43,358 | 41,832 | 1,526 | 4 | % | 43,665 | (307 | ) | (1 | )% | ||||||||||||||||
Deposit service charges and fees | 28,243 | 27,161 | 1,082 | 4 | % | 29,393 | (1,150 | ) | (4 | )% | ||||||||||||||||
Mortgage banking revenue | 23,834 | 26,025 | (2,191 | ) | (8 | )% | 21,880 | 1,954 | 9 | % | ||||||||||||||||
Other revenue | 12,762 | 12,958 | (196 | ) | (2 | )% | 16,404 | (3,642 | ) | (22 | )% | |||||||||||||||
Total fees and commissions revenue | 160,552 | 159,614 | 938 | 1 | % | 160,107 | 445 | — | % | |||||||||||||||||
Other gains (losses), net | 2,976 | (1,292 | ) | 4,268 | N/A | (8,305 | ) | 11,281 | N/A | |||||||||||||||||
Loss on derivatives, net | 4,667 | (5,685 | ) | 10,352 | N/A | 11,167 | (6,500 | ) | N/A | |||||||||||||||||
Gain (loss) on fair value option securities, net | 9,665 | (17,564 | ) | 27,229 | N/A | (282 | ) | 9,947 | N/A | |||||||||||||||||
Change in fair value of mortgage servicing rights | (20,666 | ) | 21,206 | (41,872 | ) | N/A | (24,233 | ) | 3,567 | N/A | ||||||||||||||||
Gain (loss) on available for sale securities, net | 76 | (290 | ) | 366 | N/A | (1,999 | ) | 2,075 | N/A | |||||||||||||||||
Total other operating revenue | $ | 157,270 | $ | 155,989 | $ | 1,281 | 1 | % | $ | 136,455 | $ | 20,815 | 15 | % | ||||||||||||
Three Months Ended | ||||||||||||||||||||||||||||||||
March 31, 2019 | March 31, 2018 | December 31, 2018 | ||||||||||||||||||||||||||||||
Balance | Revenue1 | Margin2 | Balance | Revenue1 | Margin2 | Balance | Revenue1 | Margin2 | ||||||||||||||||||||||||
Managed fiduciary assets: | ||||||||||||||||||||||||||||||||
Personal | $ | 8,428,218 | $ | 23,276 | 1.10 | % | $ | 7,577,717 | $ | 22,632 | 1.19 | % | $ | 8,115,503 | $ | 23,773 | 1.17 | % | ||||||||||||||
Institutional | 14,026,020 | 6,138 | 0.18 | % | 13,322,472 | 5,469 | 0.16 | % | 13,119,497 | 5,918 | 0.18 | % | ||||||||||||||||||||
Total managed fiduciary assets | 22,454,238 | 29,414 | 0.52 | % | 20,900,189 | 28,101 | 0.54 | % | 21,235,000 | 29,691 | 0.56 | % | ||||||||||||||||||||
Non-managed assets: | ||||||||||||||||||||||||||||||||
Fiduciary | 23,946,911 | 13,528 | 0.23 | % | 25,748,101 | 12,997 | 0.20 | % | 23,606,339 | 13,454 | 0.23 | % | ||||||||||||||||||||
Non-fiduciary | 16,215,999 | 416 | 0.01 | % | 16,321,458 | 734 | 0.02 | % | 15,964,854 | 521 | 0.01 | % | ||||||||||||||||||||
Safekeeping and brokerage assets under administration | 16,235,136 | — | — | % | 15,909,241 | — | — | % | 15,473,584 | — | — | % | ||||||||||||||||||||
Total non-managed assets | 56,398,046 | 13,944 | 0.10 | % | 57,978,800 | 13,731 | 0.09 | % | 55,044,777 | 13,975 | 0.10 | % | ||||||||||||||||||||
Total assets under management or administration | $ | 78,852,284 | $ | 43,358 | 0.22 | % | $ | 78,878,989 | $ | 41,832 | 0.21 | % | $ | 76,279,777 | $ | 43,666 | 0.23 | % |
1 | Fiduciary and asset management revenue includes asset-based and other fees associated with the assets. |
2 | Annualized revenue divided by period-end balance. |
Three Months Ended March 31, | ||||||||
2019 | 2018 | |||||||
Beginning balance | $ | 76,279,777 | $ | 81,827,797 | ||||
Net inflows (outflows) | (989,398 | ) | (3,434,649 | ) | ||||
Net change in fair value | 3,561,905 | 485,841 | ||||||
Ending balance | $ | 78,852,284 | $ | 78,878,989 |
Three Months Ended March 31, | Increase (Decrease) | % Increase (Decrease) | Three Months Ended Dec. 31, 2018 | Increase (Decrease) | % Increase (Decrease) | |||||||||||||||||||||
2019 | 2018 | |||||||||||||||||||||||||
Mortgage production revenue | $ | 7,868 | $ | 9,452 | $ | (1,584 | ) | (17 | )% | $ | 5,073 | $ | 2,795 | 55 | % | |||||||||||
Mortgage loans funded for sale | $ | 510,527 | $ | 664,958 | $ | 497,353 | ||||||||||||||||||||
Add: Current period end outstanding commitments | 263,434 | 298,318 | 160,848 | |||||||||||||||||||||||
Less: Prior period end outstanding commitments | 160,848 | 222,919 | 197,752 | |||||||||||||||||||||||
Total mortgage production volume | $ | 613,113 | $ | 740,357 | $ | (127,244 | ) | (17 | )% | $ | 460,449 | $ | 152,664 | 33 | % | |||||||||||
Mortgage loan refinances to mortgage loans funded for sale | 30 | % | 42 | % | (1,200 | ) bps | 23 | % | 700 | bps | ||||||||||||||||
Gains on sale margin | 1.28 | % | 1.28 | % | — | 1.10 | % | 18 | bps | |||||||||||||||||
Primary mortgage interest rates: | ||||||||||||||||||||||||||
Average | 4.37 | % | 4.28 | % | 9 | bps | 4.78 | % | (41 | ) bps | ||||||||||||||||
Period end | 4.06 | % | 4.44 | % | (38 | ) bps | 4.55 | % | (49 | ) bps | ||||||||||||||||
Mortgage servicing revenue | $ | 15,966 | $ | 16,573 | $ | (607 | ) | (4 | )% | $ | 16,807 | $ | (841 | ) | (5 | )% | ||||||||||
Average outstanding principal balance of mortgage loans serviced for others | 21,581,835 | 22,027,726 | (445,891 | ) | (2 | )% | 21,706,541 | (124,706 | ) | (1 | )% | |||||||||||||||
Average mortgage servicing revenue rates | 0.30 | % | 0.31 | % | (1 | ) bp | 0.31 | % | (1 | ) bp |
Three Months Ended | ||||||||||||
Mar. 31, 2019 | Dec. 31, 2018 | Mar. 31, 2018 | ||||||||||
Gain (loss) on mortgage hedge derivative contracts, net | $ | 4,432 | $ | 12,162 | $ | (5,698 | ) | |||||
Gain (loss) on fair value option securities, net | 9,665 | (282 | ) | (17,564 | ) | |||||||
Gain (loss) on economic hedge of mortgage servicing rights, net | 14,097 | 11,880 | (23,262 | ) | ||||||||
Gain (loss) on change in fair value of mortgage servicing rights | (20,666 | ) | (24,233 | ) | 21,206 | |||||||
Gain (loss) on changes in fair value of mortgage servicing rights, net of economic hedges included in other operating revenue | (6,569 | ) | (12,353 | ) | (2,056 | ) | ||||||
Net interest revenue on fair value option securities1 | 1,129 | 695 | 1,800 | |||||||||
Total economic benefit (cost) of changes in the fair value of mortgage servicing rights, net of economic hedges | $ | (5,440 | ) | $ | (11,658 | ) | $ | (256 | ) |
1 | Actual interest earned on fair value option securities less internal transfer-priced cost of funds. |
Three Months Ended March 31, | Increase (Decrease) | % Increase (Decrease) | Three Months Ended Dec. 31, 2018 | Increase (Decrease) | % Increase (Decrease) | |||||||||||||||||||||
2019 | 2018 | |||||||||||||||||||||||||
Regular compensation | $ | 100,650 | $ | 84,991 | $ | 15,659 | 18 | % | $ | 100,796 | $ | (146 | ) | — | % | |||||||||||
Incentive compensation: | ||||||||||||||||||||||||||
Cash-based | 32,137 | 29,549 | 2,588 | 9 | % | 39,681 | (7,544 | ) | (19 | )% | ||||||||||||||||
Share-based | 5,162 | 2,902 | 2,260 | 78 | % | (1,904 | ) | 7,066 | 371 | % | ||||||||||||||||
Deferred compensation | 3,911 | 44 | 3,867 | N/A | (3,489 | ) | 7,400 | N/A | ||||||||||||||||||
Total incentive compensation | 41,210 | 32,495 | 8,715 | 27 | % | 34,288 | 6,922 | 20 | % | |||||||||||||||||
Employee benefits | 27,368 | 22,461 | 4,907 | 22 | % | 25,622 | 1,746 | 7 | % | |||||||||||||||||
Total personnel expense | 169,228 | 139,947 | 29,281 | 21 | % | 160,706 | 8,522 | 5 | % | |||||||||||||||||
Business promotion | 7,874 | 6,010 | 1,864 | 31 | % | 9,207 | (1,333 | ) | (14 | )% | ||||||||||||||||
Charitable contributions to BOKF Foundation | — | — | — | N/A | 2,846 | (2,846 | ) | N/A | ||||||||||||||||||
Professional fees and services | 16,139 | 10,200 | 5,939 | 58 | % | 20,712 | (4,573 | ) | (22 | )% | ||||||||||||||||
Net occupancy and equipment | 29,521 | 24,046 | 5,475 | 23 | % | 27,780 | 1,741 | 6 | % | |||||||||||||||||
Insurance | 4,839 | 6,593 | (1,754 | ) | (27 | )% | 4,248 | 591 | 14 | % | ||||||||||||||||
Data processing and communications | 31,449 | 27,817 | 3,632 | 13 | % | 27,575 | 3,874 | 14 | % | |||||||||||||||||
Printing, postage and supplies | 4,885 | 4,089 | 796 | 19 | % | 5,232 | (347 | ) | (7 | )% | ||||||||||||||||
Net losses and operating expenses of repossessed assets | 1,996 | 7,705 | (5,709 | ) | (74 | )% | 2,581 | (585 | ) | (23 | )% | |||||||||||||||
Amortization of intangible assets | 5,191 | 1,300 | 3,891 | 299 | % | 5,331 | (140 | ) | (3 | )% | ||||||||||||||||
Mortgage banking costs | 9,906 | 10,149 | (243 | ) | (2 | )% | 11,518 | (1,612 | ) | (14 | )% | |||||||||||||||
Other expense | 6,129 | 6,574 | (445 | ) | (7 | )% | 6,907 | (778 | ) | (11 | )% | |||||||||||||||
Total other operating expense | $ | 287,157 | $ | 244,430 | $ | 42,727 | 17 | % | $ | 284,643 | $ | 2,514 | 1 | % | ||||||||||||
Average number of employees (full-time equivalent) | 5,291 | 4,899 | 392 | 8 | % | 4,974 | 317 | 6 | % |
Three Months Ended March 31, | Increase (Decrease) | % Increase (Decrease) | Three Months Ended Dec. 31, 2018 | Increase (Decrease) | % Increase (Decrease) | |||||||||||||||||||||
2019 | 2018 | |||||||||||||||||||||||||
Commercial Banking | $ | 86,143 | $ | 79,247 | $ | 6,896 | 9 | % | $ | 84,588 | $ | 1,555 | 2 | % | ||||||||||||
Consumer Banking | 15,584 | 9,374 | 6,210 | 66 | % | 2,741 | 12,843 | 469 | % | |||||||||||||||||
Wealth Management | 23,719 | 19,609 | 4,110 | 21 | % | 17,472 | 6,247 | 36 | % | |||||||||||||||||
Subtotal | 125,446 | 108,230 | 17,216 | 16 | % | 104,801 | 20,645 | 20 | % | |||||||||||||||||
Funds Management and other | (14,834 | ) | (2,668 | ) | (12,166 | ) | N/A | 3,655 | (18,489 | ) | N/A | |||||||||||||||
Total | $ | 110,612 | $ | 105,562 | $ | 5,050 | 5 | % | $ | 108,456 | $ | 2,156 | 2 | % |
Three Months Ended March 31, | Increase (Decrease) | % Increase (Decrease) | Three Months Ended Dec. 31, 2018 | Increase (Decrease) | % Increase (Decrease) | |||||||||||||||||||||
2019 | 2018 | |||||||||||||||||||||||||
Net interest revenue from external sources | $ | 204,209 | $ | 160,414 | $ | 43,795 | 27 | % | $ | 196,897 | $ | 7,312 | 4 | % | ||||||||||||
Net interest expense from internal sources | (52,562 | ) | (28,343 | ) | (24,219 | ) | 85 | % | (48,538 | ) | (4,024 | ) | 8 | % | ||||||||||||
Total net interest revenue | 151,647 | 132,071 | 19,576 | 15 | % | 148,359 | 3,288 | 2 | % | |||||||||||||||||
Net loans charged off | 11,245 | 627 | 10,618 | 1,693 | % | 11,577 | (332 | ) | (3 | )% | ||||||||||||||||
Net interest revenue after net loans charged off | 140,402 | 131,444 | 8,958 | 7 | % | 136,782 | 3,620 | 3 | % | |||||||||||||||||
Fees and commissions revenue | 38,046 | 40,017 | (1,971 | ) | (5 | )% | 39,667 | (1,621 | ) | (4 | )% | |||||||||||||||
Other gains (losses), net | (434 | ) | (341 | ) | (93 | ) | N/A | 173 | (607 | ) | N/A | |||||||||||||||
Other operating revenue | 37,612 | 39,676 | (2,064 | ) | (5 | )% | 39,840 | (2,228 | ) | (6 | )% | |||||||||||||||
Personnel expense | 31,217 | 28,921 | 2,296 | 8 | % | 31,918 | (701 | ) | (2 | )% | ||||||||||||||||
Non-personnel expense | 18,960 | 19,449 | (489 | ) | (3 | )% | 19,710 | (750 | ) | (4 | )% | |||||||||||||||
Other operating expense | 50,177 | 48,370 | 1,807 | 4 | % | 51,628 | (1,451 | ) | (3 | )% | ||||||||||||||||
Net direct contribution | 127,837 | 122,750 | 5,087 | 4 | % | 124,994 | 2,843 | 2 | % | |||||||||||||||||
Gain on financial instruments, net | 18 | 7 | 11 | N/A | 13 | 5 | N/A | |||||||||||||||||||
Loss on repossessed assets, net | (346 | ) | (4,166 | ) | 3,820 | N/A | (431 | ) | 85 | N/A | ||||||||||||||||
Corporate expense allocations | 10,148 | 10,603 | (455 | ) | (4 | )% | 9,112 | 1,036 | 11 | % | ||||||||||||||||
Income before taxes | 117,361 | 107,988 | 9,373 | 9 | % | 115,464 | 1,897 | 2 | % | |||||||||||||||||
Federal and state income tax | 31,218 | 28,741 | 2,477 | 9 | % | 30,492 | 726 | 2 | % | |||||||||||||||||
Net income | $ | 86,143 | $ | 79,247 | $ | 6,896 | 9 | % | $ | 84,972 | $ | 1,171 | 1 | % | ||||||||||||
Average assets | $ | 19,330,249 | $ | 17,793,820 | $ | 1,536,429 | 9 | % | $ | 18,766,165 | $ | 564,084 | 3 | % | ||||||||||||
Average loans | 15,992,749 | 14,426,750 | 1,565,999 | 11 | % | 15,628,731 | 364,018 | 2 | % | |||||||||||||||||
Average deposits | 8,261,543 | 8,664,452 | (402,909 | ) | (5 | )% | 8,393,016 | (131,473 | ) | (2 | )% | |||||||||||||||
Average invested capital | 1,638,130 | 1,335,896 | 302,234 | 23 | % | 1,519,983 | 118,147 | 8 | % |
Three Months Ended March 31, | Increase (Decrease) | % Increase (Decrease) | Three Months Ended Dec. 31, 2018 | Increase (Decrease) | % Increase (Decrease) | |||||||||||||||||||||
2019 | 2018 | |||||||||||||||||||||||||
Net interest revenue from external sources | $ | 21,595 | $ | 21,753 | $ | (158 | ) | (1 | )% | $ | 19,727 | $ | 1,868 | 9 | % | |||||||||||
Net interest revenue from internal sources | 29,507 | 15,224 | 14,283 | 94 | % | 21,637 | 7,870 | 36 | % | |||||||||||||||||
Total net interest revenue | 51,102 | 36,977 | 14,125 | 38 | % | 41,364 | 9,738 | 24 | % | |||||||||||||||||
Net loans charged off | 1,085 | 1,300 | (215 | ) | (17 | )% | 1,253 | (168 | ) | (13 | )% | |||||||||||||||
Net interest revenue after net loans charged off | 50,017 | 35,677 | 14,340 | 40 | % | 40,111 | 9,906 | 25 | % | |||||||||||||||||
Fees and commissions revenue | 42,821 | 44,963 | (2,142 | ) | (5 | )% | 42,839 | (18 | ) | — | % | |||||||||||||||
Other losses, net | (73 | ) | (16 | ) | (57 | ) | N/A | (7 | ) | (66 | ) | N/A | ||||||||||||||
Other operating revenue | 42,748 | 44,947 | (2,199 | ) | (5 | )% | 42,832 | (84 | ) | — | % | |||||||||||||||
Personnel expense | 24,330 | 24,341 | (11 | ) | — | % | 22,765 | 1,565 | 7 | % | ||||||||||||||||
Non-personnel expense | 29,176 | 30,354 | (1,178 | ) | (4 | )% | 33,316 | (4,140 | ) | (12 | )% | |||||||||||||||
Total other operating expense | 53,506 | 54,695 | (1,189 | ) | (2 | )% | 56,081 | (2,575 | ) | (5 | )% | |||||||||||||||
Net direct contribution | 39,259 | 25,929 | 13,330 | 51 | % | 26,862 | 12,397 | 46 | % | |||||||||||||||||
Gain (loss) on financial instruments, net | 14,097 | (23,262 | ) | 37,359 | N/A | 11,880 | 2,217 | N/A | ||||||||||||||||||
Change in fair value of mortgage servicing rights | (20,666 | ) | 21,206 | (41,872 | ) | N/A | (24,234 | ) | 3,568 | N/A | ||||||||||||||||
Gain (loss) on repossessed assets, net | 103 | (108 | ) | 211 | N/A | 267 | (164 | ) | N/A | |||||||||||||||||
Corporate expense allocations | 11,883 | 11,188 | 695 | 6 | % | 11,098 | 785 | 7 | % | |||||||||||||||||
Income before taxes | 20,910 | 12,577 | 8,333 | 66 | % | 3,677 | 17,233 | 469 | % | |||||||||||||||||
Federal and state income tax | 5,326 | 3,203 | 2,123 | 66 | % | 936 | 4,390 | 469 | % | |||||||||||||||||
Net income | $ | 15,584 | $ | 9,374 | $ | 6,210 | 66 | % | $ | 2,741 | $ | 12,843 | 469 | % | ||||||||||||
Average assets | $ | 8,371,683 | $ | 8,468,101 | $ | (96,418 | ) | (1 | )% | $ | 8,071,978 | $ | 299,705 | 4 | % | |||||||||||
Average loans | 1,750,642 | 1,746,136 | 4,506 | — | % | 1,745,642 | 5,000 | — | % | |||||||||||||||||
Average deposits | 6,544,665 | 6,538,096 | 6,569 | — | % | 6,542,188 | 2,477 | — | % | |||||||||||||||||
Average invested capital | 302,195 | 298,438 | 3,757 | 1 | % | 291,846 | 10,349 | 4 | % |
Three Months Ended March 31, | Increase (Decrease) | % Increase (Decrease) | Three Months Ended Dec. 31, 2018 | Increase (Decrease) | % Increase (Decrease) | |||||||||||||||||||||
2019 | 2018 | |||||||||||||||||||||||||
Net interest revenue from external sources | $ | 21,486 | $ | 15,407 | $ | 6,079 | 39 | % | $ | 24,218 | $ | (2,732 | ) | (11 | )% | |||||||||||
Net interest revenue from internal sources | 6,770 | 9,932 | (3,162 | ) | (32 | )% | 5,074 | 1,696 | 33 | % | ||||||||||||||||
Total net interest revenue | 28,256 | 25,339 | 2,917 | 12 | % | 29,292 | (1,036 | ) | (4 | )% | ||||||||||||||||
Net loans charged off (recovered) | (119 | ) | (48 | ) | (71 | ) | 148 | % | (52 | ) | (67 | ) | 129 | % | ||||||||||||
Net interest revenue after net loans charged off (recovered) | 28,375 | 25,387 | 2,988 | 12 | % | 29,344 | (969 | ) | (3 | )% | ||||||||||||||||
Fees and commissions revenue | 73,256 | 74,807 | (1,551 | ) | (2 | )% | 67,607 | 5,649 | 8 | % | ||||||||||||||||
Other gains (losses), net | 158 | (41 | ) | 199 | N/A | (4 | ) | 162 | N/A | |||||||||||||||||
Other operating revenue | 73,414 | 74,766 | (1,352 | ) | (2 | )% | 67,603 | 5,811 | 9 | % | ||||||||||||||||
Personnel expense | 43,991 | 46,947 | (2,956 | ) | (6 | )% | 45,973 | (1,982 | ) | (4 | )% | |||||||||||||||
Non-personnel expense | 17,516 | 17,995 | (479 | ) | (3 | )% | 18,576 | (1,060 | ) | (6 | )% | |||||||||||||||
Other operating expense | 61,507 | 64,942 | (3,435 | ) | (5 | )% | 64,549 | (3,042 | ) | (5 | )% | |||||||||||||||
Net direct contribution | 40,282 | 35,211 | 5,071 | 14 | % | 32,398 | 7,884 | 24 | % | |||||||||||||||||
Corporate expense allocations | 8,360 | 8,815 | (455 | ) | (5 | )% | 8,828 | (468 | ) | (5 | )% | |||||||||||||||
Income before taxes | 31,922 | 26,396 | 5,526 | 21 | % | 23,570 | 8,352 | 35 | % | |||||||||||||||||
Federal and state income tax | 8,203 | 6,787 | 1,416 | 21 | % | 6,098 | 2,105 | 35 | % | |||||||||||||||||
Net income | $ | 23,719 | $ | 19,609 | $ | 4,110 | 21 | % | $ | 17,472 | $ | 6,247 | 36 | % | ||||||||||||
Average assets | $ | 9,312,154 | $ | 8,095,794 | $ | 1,216,360 | 15 | % | $ | 8,687,234 | $ | 624,920 | 7 | % | ||||||||||||
Average loans | 1,448,718 | 1,389,926 | 58,792 | 4 | % | 1,448,805 | (87 | ) | — | % | ||||||||||||||||
Average deposits | 5,659,771 | 5,662,470 | (2,699 | ) | — | % | 5,483,455 | 176,316 | 3 | % | ||||||||||||||||
Average invested capital | 265,572 | 246,673 | 18,899 | 8 | % | 255,948 | 9,624 | 4 | % |
Mar. 31, 2019 | Dec. 31, 2018 | Sept. 30, 2018 | June 30, 2018 | Mar. 31, 2018 | ||||||||||||||||
Commercial: | ||||||||||||||||||||
Energy | $ | 3,705,099 | $ | 3,590,333 | $ | 3,294,867 | $ | 3,147,219 | $ | 2,969,618 | ||||||||||
Services | 3,287,563 | 3,258,192 | 2,603,862 | 2,516,676 | 2,488,065 | |||||||||||||||
Healthcare | 2,915,885 | 2,799,277 | 2,437,323 | 2,353,722 | 2,359,928 | |||||||||||||||
Wholesale/retail | 1,706,900 | 1,621,158 | 1,650,729 | 1,699,554 | 1,531,576 | |||||||||||||||
Public finance | 803,083 | 804,550 | 418,578 | 433,408 | 445,814 | |||||||||||||||
Manufacturing | 742,374 | 730,521 | 660,582 | 647,816 | 559,695 | |||||||||||||||
Other commercial and industrial | 801,071 | 832,047 | 510,160 | 550,644 | 564,971 | |||||||||||||||
Total commercial | 13,961,975 | 13,636,078 | 11,576,101 | 11,349,039 | 10,919,667 | |||||||||||||||
Commercial real estate: | ||||||||||||||||||||
Multifamily | 1,210,358 | 1,288,065 | 1,120,166 | 1,056,984 | 1,008,903 | |||||||||||||||
Office | 1,033,158 | 1,072,920 | 824,829 | 820,127 | 737,144 | |||||||||||||||
Retail | 890,685 | 919,082 | 759,423 | 768,024 | 750,396 | |||||||||||||||
Industrial | 767,757 | 778,106 | 696,774 | 653,384 | 613,608 | |||||||||||||||
Residential construction and land development | 149,686 | 148,584 | 101,872 | 118,999 | 117,458 | |||||||||||||||
Other commercial real estate | 549,007 | 558,056 | 301,611 | 294,702 | 279,273 | |||||||||||||||
Total commercial real estate | 4,600,651 | 4,764,813 | 3,804,675 | 3,712,220 | 3,506,782 | |||||||||||||||
Residential mortgage: | ||||||||||||||||||||
Permanent mortgage | 1,098,481 | 1,122,610 | 1,094,926 | 1,068,412 | 1,047,785 | |||||||||||||||
Permanent mortgages guaranteed by U.S. government agencies | 193,308 | 190,866 | 180,718 | 169,653 | 177,880 | |||||||||||||||
Home equity | 900,831 | 916,557 | 696,098 | 704,185 | 720,104 | |||||||||||||||
Total residential mortgage | 2,192,620 | 2,230,033 | 1,971,742 | 1,942,250 | 1,945,769 | |||||||||||||||
Personal | 1,003,734 | 1,025,806 | 996,941 | 1,000,187 | 965,632 | |||||||||||||||
Total | $ | 21,758,980 | $ | 21,656,730 | $ | 18,349,459 | $ | 18,003,696 | $ | 17,337,850 |
Oklahoma | Texas | New Mexico | Arkansas | Colorado | Arizona | Kansas/Missouri | Other | Total | ||||||||||||||||||||||||||||
Energy | $ | 765,840 | $ | 2,089,600 | $ | 34,802 | $ | 2,483 | $ | 353,639 | $ | 4,564 | $ | 108,588 | $ | 345,583 | $ | 3,705,099 | ||||||||||||||||||
Services | 615,903 | 761,921 | 168,742 | 3,971 | 634,929 | 433,433 | 280,158 | 388,506 | 3,287,563 | |||||||||||||||||||||||||||
Healthcare | 217,785 | 382,523 | 128,468 | 81,713 | 333,306 | 235,783 | 251,574 | 1,284,733 | 2,915,885 | |||||||||||||||||||||||||||
Wholesale/retail | 239,075 | 678,453 | 38,597 | 29,436 | 175,128 | 111,786 | 65,831 | 368,594 | 1,706,900 | |||||||||||||||||||||||||||
Public finance | 87,663 | 157,819 | 42,604 | — | 167,447 | 121,124 | — | 226,426 | 803,083 | |||||||||||||||||||||||||||
Manufacturing | 97,019 | 172,356 | 697 | 5,761 | 185,771 | 130,571 | 70,249 | 79,950 | 742,374 | |||||||||||||||||||||||||||
Other commercial and industrial | 111,899 | 165,405 | 3,404 | 49,514 | 120,115 | 45,155 | 63,255 | 242,324 | 801,071 | |||||||||||||||||||||||||||
Total commercial loans | $ | 2,135,184 | $ | 4,408,077 | $ | 417,314 | $ | 172,878 | $ | 1,970,335 | $ | 1,082,416 | $ | 839,655 | $ | 2,936,116 | $ | 13,961,975 |
Oklahoma | Texas | New Mexico | Arkansas | Colorado | Arizona | Kansas/Missouri | Other | Total | ||||||||||||||||||||||||||||
Multifamily | $ | 160,566 | $ | 434,105 | $ | 31,706 | $ | 49,405 | $ | 63,150 | $ | 118,339 | $ | 176,069 | $ | 177,018 | $ | 1,210,358 | ||||||||||||||||||
Office | 107,021 | 275,583 | 96,161 | 16,669 | 130,895 | 73,767 | 36,288 | 296,774 | 1,033,158 | |||||||||||||||||||||||||||
Retail | 56,621 | 255,901 | 136,992 | 5,469 | 102,068 | 73,138 | 14,057 | 246,439 | 890,685 | |||||||||||||||||||||||||||
Industrial | 83,536 | 207,516 | 19,203 | 92 | 78,359 | 43,181 | 41,248 | 294,622 | 767,757 | |||||||||||||||||||||||||||
Residential construction and land development | 5,243 | 13,890 | 13,385 | 559 | 59,999 | 13,278 | 11,097 | 32,235 | 149,686 | |||||||||||||||||||||||||||
Other commercial real estate | 49,323 | 40,185 | 11,264 | 2,218 | 155,721 | 78,063 | 39,969 | 172,264 | 549,007 | |||||||||||||||||||||||||||
Total commercial real estate loans | $ | 462,310 | $ | 1,227,180 | $ | 308,711 | $ | 74,412 | $ | 590,192 | $ | 399,766 | $ | 318,728 | $ | 1,219,352 | $ | 4,600,651 |
Revolving | Amortizing | Total | ||||||||||
First lien | $ | 87,364 | $ | 520,691 | $ | 608,055 | ||||||
Junior lien | 175,625 | 117,151 | 292,776 | |||||||||
Total home equity | $ | 262,989 | $ | 637,842 | $ | 900,831 |
Oklahoma | Texas | New Mexico | Arkansas | Colorado | Arizona | Kansas/Missouri | Other | Total | ||||||||||||||||||||||||||||
Residential mortgage: | ||||||||||||||||||||||||||||||||||||
Permanent mortgage | $ | 168,755 | $ | 436,600 | $ | 60,691 | $ | 12,960 | $ | 196,222 | $ | 106,324 | $ | 63,996 | $ | 52,933 | $ | 1,098,481 | ||||||||||||||||||
Permanent mortgages guaranteed by U.S. government agencies | 45,406 | 31,333 | 34,218 | 9,998 | 5,201 | 1,264 | 15,821 | 50,067 | 193,308 | |||||||||||||||||||||||||||
Home equity | 360,862 | 137,082 | 80,170 | 7,973 | 156,039 | 39,547 | 52,389 | 66,769 | 900,831 | |||||||||||||||||||||||||||
Total residential mortgage | $ | 575,023 | $ | 605,015 | $ | 175,079 | $ | 30,931 | $ | 357,462 | $ | 147,135 | $ | 132,206 | $ | 169,769 | $ | 2,192,620 | ||||||||||||||||||
Personal | $ | 316,266 | $ | 418,582 | $ | 12,210 | $ | 11,696 | $ | 72,738 | $ | 55,643 | $ | 52,910 | $ | 63,689 | $ | 1,003,734 |
Mar. 31, 2019 | Dec. 31, 2018 | Sept. 30, 2018 | June 30, 2018 | Mar. 31, 2018 | ||||||||||||||||
Oklahoma: | ||||||||||||||||||||
Commercial | $ | 3,551,054 | $ | 3,491,117 | $ | 3,609,109 | $ | 3,465,407 | $ | 3,265,013 | ||||||||||
Commercial real estate | 665,190 | 700,756 | 651,315 | 662,665 | 668,031 | |||||||||||||||
Residential mortgage | 1,417,381 | 1,440,566 | 1,429,843 | 1,403,658 | 1,419,281 | |||||||||||||||
Personal | 374,807 | 375,543 | 376,201 | 362,846 | 353,128 | |||||||||||||||
Total Oklahoma | 6,008,432 | 6,007,982 | 6,066,468 | 5,894,576 | 5,705,453 | |||||||||||||||
Texas: | ||||||||||||||||||||
Commercial | 5,754,018 | 5,438,133 | 5,115,646 | 4,922,451 | 4,715,841 | |||||||||||||||
Commercial real estate | 1,344,810 | 1,341,783 | 1,354,679 | 1,336,101 | 1,254,421 | |||||||||||||||
Residential mortgage | 265,927 | 266,805 | 253,265 | 243,400 | 229,761 | |||||||||||||||
Personal | 396,794 | 394,743 | 381,452 | 394,021 | 363,608 | |||||||||||||||
Total Texas | 7,761,549 | 7,441,464 | 7,105,042 | 6,895,973 | 6,563,631 | |||||||||||||||
New Mexico: | ||||||||||||||||||||
Commercial | 342,915 | 340,489 | 325,048 | 305,167 | 315,701 | |||||||||||||||
Commercial real estate | 371,416 | 383,670 | 392,494 | 386,878 | 348,485 | |||||||||||||||
Residential mortgage | 85,326 | 87,346 | 88,110 | 90,581 | 93,490 | |||||||||||||||
Personal | 11,065 | 10,662 | 11,659 | 11,107 | 11,667 | |||||||||||||||
Total New Mexico | 810,722 | 822,167 | 817,311 | 793,733 | 769,343 | |||||||||||||||
Arkansas: | ||||||||||||||||||||
Commercial | 79,286 | 111,338 | 102,237 | 93,217 | 94,430 | |||||||||||||||
Commercial real estate | 142,551 | 141,898 | 106,701 | 90,807 | 88,700 | |||||||||||||||
Residential mortgage | 7,731 | 7,537 | 7,278 | 6,927 | 7,033 | |||||||||||||||
Personal | 11,550 | 11,955 | 12,126 | 12,331 | 9,916 | |||||||||||||||
Total Arkansas | 241,118 | 272,728 | 228,342 | 203,282 | 200,079 | |||||||||||||||
Colorado: | ||||||||||||||||||||
Commercial | 2,231,703 | 2,275,069 | 1,132,500 | 1,165,721 | 1,180,655 | |||||||||||||||
Commercial real estate | 957,348 | 963,575 | 354,543 | 267,065 | 210,801 | |||||||||||||||
Residential mortgage | 241,722 | 251,849 | 68,694 | 64,839 | 64,530 | |||||||||||||||
Personal | 65,812 | 72,916 | 56,999 | 60,504 | 63,118 | |||||||||||||||
Total Colorado | 3,496,585 | 3,563,409 | 1,612,736 | 1,558,129 | 1,519,104 | |||||||||||||||
Arizona: | ||||||||||||||||||||
Commercial | 1,335,140 | 1,320,139 | 621,658 | 681,852 | 624,106 | |||||||||||||||
Commercial real estate | 791,466 | 889,903 | 666,562 | 710,784 | 672,319 | |||||||||||||||
Residential mortgage | 98,973 | 97,959 | 44,659 | 47,010 | 39,227 | |||||||||||||||
Personal | 61,875 | 68,546 | 67,280 | 65,541 | 57,023 | |||||||||||||||
Total Arizona | 2,287,454 | 2,376,547 | 1,400,159 | 1,505,187 | 1,392,675 | |||||||||||||||
Kansas/Missouri: | ||||||||||||||||||||
Commercial | 667,859 | 659,793 | 669,903 | 715,224 | 723,921 | |||||||||||||||
Commercial real estate | 327,870 | 343,228 | 278,381 | 257,920 | 264,025 | |||||||||||||||
Residential mortgage | 75,560 | 77,971 | 79,893 | 85,835 | 92,447 | |||||||||||||||
Personal | 81,831 | 91,441 | 91,224 | 93,837 | 107,172 | |||||||||||||||
Total Kansas/Missouri | 1,153,120 | 1,172,433 | 1,119,401 | 1,152,816 | 1,187,565 | |||||||||||||||
Total BOK Financial loans | $ | 21,758,980 | $ | 21,656,730 | $ | 18,349,459 | $ | 18,003,696 | $ | 17,337,850 |
Mar. 31, 2019 | Dec. 31, 2018 | Sept. 30, 2018 | June 30, 2018 | Mar. 31, 2018 | ||||||||||||||||
Loan commitments | $ | 12,243,886 | $ | 11,944,524 | $ | 10,715,964 | $ | 10,294,211 | $ | 10,249,729 | ||||||||||
Standby letters of credit | 720,451 | 582,196 | 671,844 | 659,867 | 664,342 | |||||||||||||||
Mortgage loans sold with recourse | 94,938 | 98,623 | 101,512 | 116,269 | 121,197 |
Customers | $ | 212,147 | ||
Banks and other financial institutions | 129,213 | |||
Exchanges and clearing organizations | 1,141 | |||
Fair value of customer risk management program asset derivative contracts, net | $ | 342,501 |
Three Months Ended | ||||||||||||||||||||
Mar. 31, 2019 | Dec. 31, 2018 | Sept. 30, 2018 | June 30, 2018 | Mar. 31, 2018 | ||||||||||||||||
Allowance for loan losses: | ||||||||||||||||||||
Beginning balance | $ | 207,457 | $ | 210,569 | $ | 215,142 | $ | 223,967 | $ | 230,682 | ||||||||||
Loans charged off: | ||||||||||||||||||||
Commercial | (10,468 | ) | (12,940 | ) | (9,602 | ) | (13,775 | ) | (1,563 | ) | ||||||||||
Commercial real estate | — | — | — | — | — | |||||||||||||||
Residential mortgage | (42 | ) | (52 | ) | (91 | ) | (135 | ) | (100 | ) | ||||||||||
Personal | (1,265 | ) | (1,523 | ) | (1,380 | ) | (1,195 | ) | (1,227 | ) | ||||||||||
Total | (11,775 | ) | (14,515 | ) | (11,073 | ) | (15,105 | ) | (2,890 | ) | ||||||||||
Recoveries of loans previously charged off: | ||||||||||||||||||||
Commercial | 711 | 1,267 | 1,263 | 298 | 488 | |||||||||||||||
Commercial real estate | 112 | 232 | 40 | 3,097 | 183 | |||||||||||||||
Residential mortgage | 154 | 71 | 229 | 505 | 242 | |||||||||||||||
Personal | 712 | 598 | 560 | 678 | 663 | |||||||||||||||
Total | 1,689 | 2,168 | 2,092 | 4,578 | 1,576 | |||||||||||||||
Net loans recovered (charged off) | (10,086 | ) | (12,347 | ) | (8,981 | ) | (10,527 | ) | (1,314 | ) | ||||||||||
Provision for loan losses | 7,969 | 9,235 | 4,408 | 1,702 | (5,401 | ) | ||||||||||||||
Ending balance | $ | 205,340 | $ | 207,457 | $ | 210,569 | $ | 215,142 | $ | 223,967 | ||||||||||
Accrual for off-balance sheet credit losses: | ||||||||||||||||||||
Beginning balance | $ | 1,790 | $ | 2,025 | $ | 2,433 | $ | 4,135 | $ | 3,734 | ||||||||||
Provision for off-balance sheet credit losses | 31 | (235 | ) | (408 | ) | (1,702 | ) | 401 | ||||||||||||
Ending balance | $ | 1,821 | $ | 1,790 | $ | 2,025 | $ | 2,433 | $ | 4,135 | ||||||||||
Total combined provision for credit losses | $ | 8,000 | $ | 9,000 | $ | 4,000 | $ | — | $ | (5,000 | ) | |||||||||
Allowance for loan losses to loans outstanding at period-end | 0.94 | % | 0.96 | % | 1.15 | % | 1.19 | % | 1.29 | % | ||||||||||
Net charge-offs (recoveries) (annualized) to average loans | 0.19 | % | 0.23 | % | 0.20 | % | 0.24 | % | 0.03 | % | ||||||||||
Total provision for credit losses (annualized) to average loans | 0.15 | % | 0.17 | % | 0.09 | % | — | % | (0.12 | )% | ||||||||||
Recoveries to gross charge-offs | 14.34 | % | 14.94 | % | 18.89 | % | 30.31 | % | 54.53 | % | ||||||||||
Accrual for off-balance sheet credit losses to off-balance sheet credit commitments | 0.01 | % | 0.01 | % | 0.02 | % | 0.02 | % | 0.04 | % | ||||||||||
Combined allowance for credit losses to loans outstanding at period-end | 0.95 | % | 0.97 | % | 1.16 | % | 1.21 | % | 1.32 | % |
Mar. 31, 2019 | Dec. 31, 2018 | Sept. 30, 2018 | June 30, 2018 | Mar. 31, 2018 | ||||||||||||||||
Nonaccruing loans: | ||||||||||||||||||||
Commercial | $ | 90,358 | $ | 99,841 | $ | 109,490 | $ | 120,978 | $ | 131,460 | ||||||||||
Commercial real estate | 21,508 | 21,621 | 1,316 | 1,996 | 2,470 | |||||||||||||||
Residential mortgage | 40,409 | 41,555 | 41,917 | 42,343 | 45,794 | |||||||||||||||
Personal | 302 | 230 | 269 | 340 | 340 | |||||||||||||||
Total nonaccruing loans | 152,577 | 163,247 | 152,992 | 165,657 | 180,064 | |||||||||||||||
Accruing renegotiated loans guaranteed by U.S. government agencies | 91,787 | 86,428 | 83,347 | 75,374 | 74,418 | |||||||||||||||
Real estate and other repossessed assets | 17,139 | 17,487 | 24,515 | 27,891 | 23,652 | |||||||||||||||
Total nonperforming assets | $ | 261,503 | $ | 267,162 | $ | 260,854 | $ | 268,922 | $ | 278,134 | ||||||||||
Total nonperforming assets excluding those guaranteed by U.S. government agencies | $ | 162,770 | $ | 173,602 | $ | 169,717 | $ | 185,981 | $ | 194,833 | ||||||||||
Nonaccruing loans by loan portfolio segment and class: | ||||||||||||||||||||
Commercial: | ||||||||||||||||||||
Energy | $ | 35,332 | $ | 47,494 | $ | 54,033 | $ | 65,597 | $ | 89,942 | ||||||||||
Healthcare | 18,768 | 16,538 | 15,704 | 16,125 | 15,342 | |||||||||||||||
Manufacturing | 9,548 | 8,919 | 9,202 | 2,991 | 3,002 | |||||||||||||||
Services | 9,555 | 8,567 | 4,097 | 4,377 | 2,109 | |||||||||||||||
Wholesale/retail | 1,425 | 1,316 | 9,249 | 14,095 | 2,564 | |||||||||||||||
Public finance | — | — | — | — | — | |||||||||||||||
Other commercial and industrial | 15,730 | 17,007 | 17,205 | 17,793 | 18,501 | |||||||||||||||
Total commercial | 90,358 | 99,841 | 109,490 | 120,978 | 131,460 | |||||||||||||||
Commercial real estate: | ||||||||||||||||||||
Retail | 20,159 | 20,279 | 777 | 1,068 | 264 | |||||||||||||||
Residential construction and land development | 350 | 350 | 350 | 350 | 1,613 | |||||||||||||||
Multifamily | — | 301 | — | — | — | |||||||||||||||
Office | 855 | — | — | 275 | 275 | |||||||||||||||
Industrial | — | — | — | — | — | |||||||||||||||
Other commercial real estate | 144 | 691 | 189 | 303 | 318 | |||||||||||||||
Total commercial real estate | 21,508 | 21,621 | 1,316 | 1,996 | 2,470 | |||||||||||||||
Residential mortgage: | ||||||||||||||||||||
Permanent mortgage | 22,937 | 23,951 | 22,855 | 23,105 | 24,578 | |||||||||||||||
Permanent mortgage guaranteed by U.S. government agencies | 6,946 | 7,132 | 7,790 | 7,567 | 8,883 | |||||||||||||||
Home equity | 10,526 | 10,472 | 11,272 | 11,671 | 12,333 | |||||||||||||||
Total residential mortgage | 40,409 | 41,555 | 41,917 | 42,343 | 45,794 | |||||||||||||||
Personal | 302 | 230 | 269 | 340 | 340 | |||||||||||||||
Total nonaccruing loans | $ | 152,577 | $ | 163,247 | $ | 152,992 | $ | 165,657 | $ | 180,064 | ||||||||||
Ratios: | ||||||||||||||||||||
Allowance for loan losses to nonaccruing loans1 | 141.00 | % | 132.89 | % | 145.02 | % | 136.09 | % | 130.84 | % | ||||||||||
Accruing loans 90 days or more past due1 | $ | 610 | $ | 1,338 | $ | 518 | $ | 879 | $ | 90 |
1 | Excludes residential mortgages guaranteed by agencies of the U.S. Government. |
Three Months Ended | ||||||||||||||||
March 31, 2019 | ||||||||||||||||
Nonaccruing Loans | Renegotiated Loans | Real Estate and Other Repossessed Assets | Total Nonperforming Assets | |||||||||||||
Balance, December 31, 2018 | $ | 163,247 | $ | 86,428 | $ | 17,487 | $ | 267,162 | ||||||||
Additions | 26,868 | 14,316 | — | 41,184 | ||||||||||||
Payments | (22,175 | ) | (633 | ) | — | (22,808 | ) | |||||||||
Charge-offs | (11,775 | ) | — | — | (11,775 | ) | ||||||||||
Net losses and write-downs | — | — | (245 | ) | (245 | ) | ||||||||||
Foreclosure of nonperforming loans | (1,032 | ) | — | 1,032 | — | |||||||||||
Foreclosure of loans guaranteed by U.S. government agencies | (680 | ) | (2,524 | ) | — | (3,204 | ) | |||||||||
Proceeds from sales | — | (6,054 | ) | (1,135 | ) | (7,189 | ) | |||||||||
Return to accrual status | (1,876 | ) | — | — | (1,876 | ) | ||||||||||
Other, net | — | 254 | — | 254 | ||||||||||||
Balance, March 31, 2019 | $ | 152,577 | $ | 91,787 | $ | 17,139 | $ | 261,503 |
March 31, 2019 | December 31, 2018 | |||||||||||||||||||||||
90 Days or More | 60 to 89 Days | 30 to 59 Days | 90 Days or More | 60 to 89 Days | 30 to 59 Days | |||||||||||||||||||
Residential mortgage: | ||||||||||||||||||||||||
Permanent mortgage1 | $ | — | $ | — | $ | 5,394 | $ | — | $ | 366 | $ | 3,196 | ||||||||||||
Home equity | — | 168 | 4,118 | 59 | 352 | 1,102 | ||||||||||||||||||
Total residential mortgage | $ | — | $ | 168 | $ | 9,512 | 59 | $ | 718 | $ | 4,298 | |||||||||||||
Personal | $ | — | $ | 16 | $ | 347 | $ | 3 | $ | 796 | $ | 479 |
1 | Excludes past due residential mortgage loans guaranteed by agencies of the U.S. government. |
Three Months Ended | |||||||||||||||||||
Mar. 31, 2019 | Dec. 31, 2018 | Sept. 30, 2018 | June 30, 2018 | Mar. 31, 2018 | |||||||||||||||
Commercial Banking | $ | 8,261,543 | $ | 8,393,016 | $ | 8,633,204 | $ | 8,379,584 | $ | 8,664,452 | |||||||||
Consumer Banking | 6,544,665 | 6,542,188 | 6,580,395 | 6,579,635 | 6,538,096 | ||||||||||||||
Wealth Management | 5,659,771 | 5,483,455 | 5,492,048 | 5,834,669 | 5,662,470 | ||||||||||||||
Subtotal | 20,465,979 | 20,418,659 | 20,705,647 | 20,793,888 | 20,865,018 | ||||||||||||||
Funds Management and other | 4,148,500 | 4,676,736 | 1,230,648 | 1,261,344 | 1,261,877 | ||||||||||||||
Total | $ | 24,614,479 | $ | 25,095,395 | $ | 21,936,295 | $ | 22,055,232 | $ | 22,126,895 |
Mar. 31, 2019 | Dec. 31, 2018 | Sept. 30, 2018 | June 30, 2018 | Mar. 31, 2018 | ||||||||||||||||
Oklahoma: | ||||||||||||||||||||
Demand | $ | 3,432,239 | $ | 3,610,593 | $ | 3,564,307 | $ | 3,867,934 | $ | 4,201,843 | ||||||||||
Interest-bearing: | ||||||||||||||||||||
Transaction | 6,542,548 | 6,445,831 | 6,010,972 | 5,968,459 | 6,051,301 | |||||||||||||||
Savings | 309,875 | 288,210 | 288,080 | 289,202 | 289,351 | |||||||||||||||
Time | 1,217,371 | 1,118,643 | 1,128,810 | 1,207,471 | 1,203,534 | |||||||||||||||
Total interest-bearing | 8,069,794 | 7,852,684 | 7,427,862 | 7,465,132 | 7,544,186 | |||||||||||||||
Total Oklahoma | 11,502,033 | 11,463,277 | 10,992,169 | 11,333,066 | 11,746,029 | |||||||||||||||
Texas: | ||||||||||||||||||||
Demand | 2,966,743 | 3,291,433 | 3,357,669 | 3,321,980 | 3,019,483 | |||||||||||||||
Interest-bearing: | ||||||||||||||||||||
Transaction | 2,385,305 | 2,295,169 | 2,182,114 | 2,169,155 | 2,208,892 | |||||||||||||||
Savings | 101,849 | 99,624 | 97,909 | 97,809 | 98,852 | |||||||||||||||
Time | 419,269 | 423,880 | 453,119 | 445,500 | 475,967 | |||||||||||||||
Total interest-bearing | 2,906,423 | 2,818,673 | 2,733,142 | 2,712,464 | 2,783,711 | |||||||||||||||
Total Texas | 5,873,166 | 6,110,106 | 6,090,811 | 6,034,444 | 5,803,194 | |||||||||||||||
New Mexico: | ||||||||||||||||||||
Demand | 662,362 | 691,692 | 722,188 | 770,974 | 695,060 | |||||||||||||||
Interest-bearing: | ||||||||||||||||||||
Transaction | 573,203 | 571,347 | 593,760 | 586,593 | 555,414 | |||||||||||||||
Savings | 61,497 | 58,194 | 57,794 | 59,415 | 60,596 | |||||||||||||||
Time | 228,212 | 224,515 | 221,513 | 212,689 | 216,306 | |||||||||||||||
Total interest-bearing | 862,912 | 854,056 | 873,067 | 858,697 | 832,316 | |||||||||||||||
Total New Mexico | 1,525,274 | 1,545,748 | 1,595,255 | 1,629,671 | 1,527,376 | |||||||||||||||
Arkansas: | ||||||||||||||||||||
Demand | 31,624 | 36,800 | 36,579 | 39,896 | 35,291 | |||||||||||||||
Interest-bearing: | ||||||||||||||||||||
Transaction | 147,964 | 91,593 | 128,001 | 143,298 | 94,206 | |||||||||||||||
Savings | 1,785 | 1,632 | 1,826 | 1,885 | 1,960 | |||||||||||||||
Time | 8,321 | 8,726 | 10,214 | 10,771 | 11,878 | |||||||||||||||
Total interest-bearing | 158,070 | 101,951 | 140,041 | 155,954 | 108,044 | |||||||||||||||
Total Arkansas | 189,694 | 138,751 | 176,620 | 195,850 | 143,335 | |||||||||||||||
Mar. 31, 2019 | Dec. 31, 2018 | Sept. 30, 2018 | June 30, 2018 | Mar. 31, 2018 | ||||||||||||||||
Colorado: | ||||||||||||||||||||
Demand | 1,897,547 | 1,658,473 | 593,442 | 529,912 | 521,963 | |||||||||||||||
Interest-bearing: | ||||||||||||||||||||
Transaction | 1,844,632 | 1,899,203 | 622,520 | 701,362 | 687,785 | |||||||||||||||
Savings | 58,919 | 57,289 | 40,308 | 38,176 | 37,232 | |||||||||||||||
Time | 261,235 | 274,877 | 217,628 | 208,049 | 215,330 | |||||||||||||||
Total interest-bearing | 2,164,786 | 2,231,369 | 880,456 | 947,587 | 940,347 | |||||||||||||||
Total Colorado | 4,062,333 | 3,889,842 | 1,473,898 | 1,477,499 | 1,462,310 | |||||||||||||||
Arizona: | ||||||||||||||||||||
Demand | 695,238 | 707,402 | 365,878 | 383,627 | 326,581 | |||||||||||||||
Interest-bearing: | ||||||||||||||||||||
Transaction | 621,735 | 575,567 | 130,105 | 193,687 | 247,926 | |||||||||||||||
Savings | 12,144 | 10,545 | 3,559 | 3,935 | 4,116 | |||||||||||||||
Time | 44,004 | 43,051 | 23,927 | 22,447 | 21,009 | |||||||||||||||
Total interest-bearing | 677,883 | 629,163 | 157,591 | 220,069 | 273,051 | |||||||||||||||
Total Arizona | 1,373,121 | 1,336,565 | 523,469 | 603,696 | 599,632 | |||||||||||||||
Kansas/Missouri: | ||||||||||||||||||||
Demand | 410,799 | 418,199 | 423,560 | 459,636 | 505,802 | |||||||||||||||
Interest-bearing: | ||||||||||||||||||||
Transaction | 361,590 | 327,866 | 322,747 | 401,545 | 381,447 | |||||||||||||||
Savings | 13,815 | 13,721 | 13,125 | 13,052 | 13,845 | |||||||||||||||
Time | 19,977 | 19,688 | 20,635 | 20,805 | 22,230 | |||||||||||||||
Total interest-bearing | 395,382 | 361,275 | 356,507 | 435,402 | 417,522 | |||||||||||||||
Total Kansas/Missouri | 806,181 | 779,474 | 780,067 | 895,038 | 923,324 | |||||||||||||||
Total BOK Financial deposits | $ | 25,331,802 | $ | 25,263,763 | $ | 21,632,289 | $ | 22,169,264 | $ | 22,205,200 |
Three Months Ended March 31, 2019 | Three Months Ended December 31, 2018 | ||||||||||||||||||||||||||||
Mar. 31, 2019 | Average Balance During the Quarter | Rate | Maximum Outstanding At Any Month End During the Quarter | Dec. 31, 2018 | Average Balance During the Quarter | Rate | Maximum Outstanding At Any Month End During the Quarter | ||||||||||||||||||||||
Parent Company and Other Non-Bank Subsidiaries: | |||||||||||||||||||||||||||||
Other borrowings | 25,946 | 5,877 | 1.25 | % | $ | 25,946 | 5,207 | 5,254 | 1.06 | % | 5,255 | ||||||||||||||||||
Subordinated debentures | 275,880 | 275,882 | 5.51 | % | $ | 275,880 | 275,913 | 276,378 | 5.38 | % | 276,141 | ||||||||||||||||||
Total parent company and other non-bank subsidiaries | 301,826 | 281,759 | 5.43 | % | 281,120 | 281,632 | 5.35 | % | |||||||||||||||||||||
BOKF, NA: | |||||||||||||||||||||||||||||
Funds purchased | 1,018,117 | 1,622,580 | 2.47 | % | 1,862,316 | 402,450 | 658,539 | 2.19 | % | 488,823 | |||||||||||||||||||
Repurchase agreements | 421,556 | 410,456 | 0.46 | % | 421,556 | 615,961 | 547,029 | 0.36 | % | 615,961 | |||||||||||||||||||
Other borrowings: | |||||||||||||||||||||||||||||
Federal Home Loan Bank advances | 7,300,000 | 7,013,333 | 2.67 | % | 7,300,000 | 6,100,000 | 6,335,946 | 2.50 | % | 6,100,000 | |||||||||||||||||||
GNMA repurchase liability | 11,466 | 17,413 | 4.51 | % | 19,581 | 15,552 | 15,844 | 4.41 | % | 16,529 | |||||||||||||||||||
Other | 3,681 | 3,656 | 5.55 | % | 3,681 | 3,631 | 4,097 | 5.33 | % | 4,187 | |||||||||||||||||||
Total other borrowings | 7,315,147 | 7,034,402 | 2.67 | % | 6,119,183 | 6,355,887 | 2.50 | % | |||||||||||||||||||||
Total BOKF, NA | 8,754,820 | 9,067,438 | 2.54 | % | 7,137,594 | 7,561,455 | 2.32 | % | |||||||||||||||||||||
Total other borrowed funds and subordinated debentures | $ | 9,056,646 | $ | 9,349,197 | 2.63 | % | $ | 7,418,714 | $ | 7,843,087 | 2.43 | % |
Minimum Capital Requirement | Capital Conservation Buffer | Minimum Capital Requirement Including Capital Conservation Buffer | Mar. 31, 2019 | Dec. 31, 2018 | Mar. 31, 2018 | |||||||||||||
Risk-based capital: | ||||||||||||||||||
Common equity Tier 1 | 4.50 | % | 2.50 | % | 7.00 | % | 10.71 | % | 10.92 | % | 12.06 | % | ||||||
Tier 1 capital | 6.00 | % | 2.50 | % | 8.50 | % | 10.71 | % | 10.92 | % | 12.06 | % | ||||||
Total capital | 8.00 | % | 2.50 | % | 10.50 | % | 12.24 | % | 12.50 | % | 13.49 | % | ||||||
Tier 1 Leverage | 4.00 | % | N/A | 4.00 | % | 8.76 | % | 8.96 | % | 9.40 | % | |||||||
Average total equity to average assets | 11.29 | % | 11.31 | % | 10.31 | % | ||||||||||||
Tangible common equity ratio | 8.64 | % | 8.82 | % | 9.18 | % |
Mar. 31, 2019 | Dec. 31, 2018 | Sept. 30, 2018 | June 30, 2018 | Mar. 31, 2018 | ||||||||||||||||
Tangible common equity ratio: | ||||||||||||||||||||
Total shareholders' equity | $ | 4,522,873 | $ | 4,432,109 | $ | 3,615,032 | $ | 3,553,431 | $ | 3,495,029 | ||||||||||
Less: Goodwill and intangible assets, net | 1,177,573 | 1,184,112 | 480,800 | 481,366 | 477,088 | |||||||||||||||
Tangible common equity | 3,345,300 | 3,247,997 | 3,134,232 | 3,072,065 | 3,017,941 | |||||||||||||||
Total assets | 39,882,962 | 38,020,504 | 33,289,864 | 33,833,107 | 33,361,492 | |||||||||||||||
Less: Goodwill and intangible assets, net | 1,177,573 | 1,184,112 | 480,800 | 481,366 | 477,088 | |||||||||||||||
Tangible assets | $ | 38,705,389 | $ | 36,836,392 | $ | 32,809,064 | $ | 33,351,741 | $ | 32,884,404 | ||||||||||
Tangible common equity ratio | 8.64 | % | 8.82 | % | 9.55 | % | 9.21 | % | 9.18 | % |
200 bp Increase | 100 bp Decrease1 | |||||||||||||||
March 31, | March 31, | |||||||||||||||
2019 | 2018 | 2019 | 2018 | |||||||||||||
Anticipated impact over the next twelve months on net interest revenue | $ | (4,451 | ) | $ | (1,846 | ) | $ | 42,977 | $ | (36,571 | ) | |||||
(0.38 | )% | (0.20 | )% | (3.70 | )% | (3.87 | )% |
March 31, | ||||||||||||||||
2019 | 2018 | |||||||||||||||
Up 50 bp | Down 50 bp | Up 50 bp | Down 50 bp | |||||||||||||
MSR Asset | $ | 25,936 | $ | (33,750 | ) | $ | 23,504 | $ | (26,145 | ) | ||||||
MSR Hedge | (31,698 | ) | 26,211 | (24,994 | ) | 22,132 | ||||||||||
Net Exposure | (5,762 | ) | (7,539 | ) | (1,490 | ) | (4,013 | ) |
Three Months Ended March 31, | ||||||||||||||||
2019 | 2018 | |||||||||||||||
Up 50 bp | Down 50 bp | Up 50 bp | Down 50 bp | |||||||||||||
Average1 | $ | 29 | $ | (810 | ) | $ | 185 | $ | (619 | ) | ||||||
Low2 | 436 | (344 | ) | 942 | 699 | |||||||||||
High3 | (405 | ) | (1,343 | ) | (1,015 | ) | (1,504 | ) | ||||||||
Period End | 127 | (1,013 | ) | 390 | (1,201 | ) |
1 | Average represents the simple average of each daily value observed during the reporting period. |
2 | Low represents least risk of loss in fair value measured as the smallest negative value or the largest positive value observed daily during the reporting period. |
3 | High represents the greatest risk of loss in fair value measured as the largest negative value or the smallest positive value observed daily during the reporting period. |
Three Months Ended March 31, | ||||||||||||||||
2019 | 2018 | |||||||||||||||
Up 50 bp | Down 50 bp | Up 50 bp | Down 50 bp | |||||||||||||
Average1 | $ | (1,707 | ) | $ | 1,577 | $ | (563 | ) | $ | 358 | ||||||
Low2 | 857 | 3,440 | 849 | 2,321 | ||||||||||||
High3 | (3,665 | ) | (729 | ) | (2,808 | ) | (1,206 | ) | ||||||||
Period End | 127 | (1,013 | ) | 579 | (841 | ) |
1 | Average represents the simple average of each daily value observed during the reporting period. |
2 | Low represents least risk of loss in fair value measured as the smallest negative value or the largest positive value observed daily during the reporting period. |
3 | High represents the greatest risk of loss in fair value measured as the largest negative value or the smallest positive value observed daily during the reporting period. |
Consolidated Statements of Earnings (Unaudited) | ||||||||
(In thousands, except share and per share data) | Three Months Ended | |||||||
March 31, | ||||||||
Interest revenue | 2019 | 2018 | ||||||
Loans | $ | $ | ||||||
Residential mortgage loans held for sale | ||||||||
Trading securities | ||||||||
Investment securities | ||||||||
Available for sale securities | ||||||||
Fair value option securities | ||||||||
Restricted equity securities | ||||||||
Interest-bearing cash and cash equivalents | ||||||||
Total interest revenue | ||||||||
Interest expense | ||||||||
Deposits | ||||||||
Borrowed funds | ||||||||
Subordinated debentures | ||||||||
Total interest expense | ||||||||
Net interest revenue | ||||||||
Provision for credit losses | ( | ) | ||||||
Net interest revenue after provision for credit losses | ||||||||
Other operating revenue | ||||||||
Brokerage and trading revenue | ||||||||
Transaction card revenue | ||||||||
Fiduciary and asset management revenue | ||||||||
Deposit service charges and fees | ||||||||
Mortgage banking revenue | ||||||||
Other revenue | ||||||||
Total fees and commissions | ||||||||
Other gains (losses), net | ( | ) | ||||||
Gain (loss) on derivatives, net | ( | ) | ||||||
Gain (loss) on fair value option securities, net | ( | ) | ||||||
Change in fair value of mortgage servicing rights | ( | ) | ||||||
Gain (loss) on available for sale securities, net | ( | ) | ||||||
Total other operating revenue | ||||||||
Other operating expense | ||||||||
Personnel | ||||||||
Business promotion | ||||||||
Professional fees and services | ||||||||
Net occupancy and equipment | ||||||||
Insurance | ||||||||
Data processing and communications | ||||||||
Printing, postage and supplies | ||||||||
Net losses and operating expenses of repossessed assets | ||||||||
Amortization of intangible assets | ||||||||
Mortgage banking costs | ||||||||
Other expense | ||||||||
Total other operating expense | ||||||||
Net income before taxes | ||||||||
Federal and state income taxes | ||||||||
Net income | ||||||||
Net income attributable to non-controlling interests | ( | ) | ( | ) | ||||
Net income attributable to BOK Financial Corporation shareholders | $ | $ | ||||||
Earnings per share: | ||||||||
Basic | $ | $ | ||||||
Diluted | $ | $ | ||||||
Average shares used in computation: | ||||||||
Basic | ||||||||
Diluted | ||||||||
Dividends declared per share | $ | $ |
Consolidated Statements of Comprehensive Income (Unaudited) | ||||||||
(In thousands, except share and per share data) | ||||||||
Three Months Ended | ||||||||
March 31, | ||||||||
2019 | 2018 | |||||||
Net income | $ | $ | ||||||
Other comprehensive income (loss) before income taxes: | ||||||||
Net change in unrealized gain (loss) | ( | ) | ||||||
Reclassification adjustments included in earnings: | ||||||||
Loss (gain) on available for sale securities, net | ( | ) | ||||||
Other comprehensive income (loss) before income taxes | ( | ) | ||||||
Federal and state income taxes | ( | ) | ||||||
Other comprehensive income (loss), net of income taxes | ( | ) | ||||||
Comprehensive income | ||||||||
Comprehensive income attributable to non-controlling interests | ( | ) | ( | ) | ||||
Comprehensive income attributable to BOK Financial Corp. shareholders | $ | $ |
Consolidated Balance Sheets (In thousands, except share data) | ||||||||
Mar. 31, 2019 | Dec. 31, 2018 | |||||||
(Unaudited) | (Footnote 1) | |||||||
Assets | ||||||||
Cash and due from banks | $ | $ | ||||||
Interest-bearing cash and cash equivalents | ||||||||
Trading securities | ||||||||
Investment securities (fair value: March 31, 2019 – $348,488; December 31, 2018 – $367,298) | ||||||||
Available for sale securities | ||||||||
Fair value option securities | ||||||||
Restricted equity securities | ||||||||
Residential mortgage loans held for sale | ||||||||
Loans | ||||||||
Allowance for loan losses | ( | ) | ( | ) | ||||
Loans, net of allowance | ||||||||
Premises and equipment, net | ||||||||
Receivables | ||||||||
Goodwill | ||||||||
Intangible assets, net | ||||||||
Mortgage servicing rights | ||||||||
Real estate and other repossessed assets, net of allowance (March 31, 2019 – $12,586; December 31, 2018 – $13,665) | ||||||||
Derivative contracts, net | ||||||||
Cash surrender value of bank-owned life insurance | ||||||||
Receivable on unsettled securities sales | ||||||||
Other assets | ||||||||
Total assets | $ | $ | ||||||
Liabilities and Equity | ||||||||
Liabilities: | ||||||||
Noninterest-bearing demand deposits | $ | $ | ||||||
Interest-bearing deposits: | ||||||||
Transaction | ||||||||
Savings | ||||||||
Time | ||||||||
Total deposits | ||||||||
Funds purchased and repurchase agreements | ||||||||
Other borrowings | ||||||||
Subordinated debentures | ||||||||
Accrued interest, taxes and expense | ||||||||
Derivative contracts, net | ||||||||
Due on unsettled securities purchases | ||||||||
Other liabilities | ||||||||
Total liabilities | ||||||||
Shareholders' equity: | ||||||||
Common stock ($.00006 par value; 2,500,000,000 shares authorized; shares issued and outstanding: March 31, 2019 – 75,762,268; December 31, 2018 – 75,711,492) | ||||||||
Capital surplus | ||||||||
Retained earnings | ||||||||
Treasury stock (shares at cost: March 31, 2019 – 4,312,286; December 31, 2018 – 3,588,560) | ( | ) | ( | ) | ||||
Accumulated other comprehensive loss | ( | ) | ( | ) | ||||
Total shareholders’ equity | ||||||||
Non-controlling interests | ||||||||
Total equity | ||||||||
Total liabilities and equity | $ | $ |
Consolidated Statements of Changes in Equity (Unaudited) (In thousands) | ||||||||||||||||||||||||||||||||||||||
Common Stock | Capital Surplus | Retained Earnings | Treasury Stock | Accumulated Other Comprehensive Income (Loss) | Total Shareholders’ Equity | Non- Controlling Interests | Total Equity | |||||||||||||||||||||||||||||||
Shares | Amount | Shares | Amount | |||||||||||||||||||||||||||||||||||
Balance, December 31, 2017 | $ | $ | $ | $ | ( | ) | $ | ( | ) | $ | $ | $ | ||||||||||||||||||||||||||
Transition adjustment of net unrealized gains on equity securities | — | — | — | — | — | ( | ) | — | — | — | ||||||||||||||||||||||||||||
Balance, December 31, 2017, Adjusted | ( | ) | ( | ) | ||||||||||||||||||||||||||||||||||
Net income | — | — | — | — | — | — | ( | ) | ||||||||||||||||||||||||||||||
Other comprehensive income | — | — | — | — | — | — | ( | ) | ( | ) | — | ( | ) | |||||||||||||||||||||||||
Repurchase of common stock | — | — | — | — | ( | ) | — | ( | ) | — | ( | ) | ||||||||||||||||||||||||||
Share-based compensation plans: | ||||||||||||||||||||||||||||||||||||||
Stock options exercised | — | — | — | — | — | — | ||||||||||||||||||||||||||||||||
Non-vested shares awarded, net | — | — | — | — | — | — | — | — | ||||||||||||||||||||||||||||||
Vesting of non-vested shares | — | — | — | — | ( | ) | — | ( | ) | — | ( | ) | ||||||||||||||||||||||||||
Share-based compensation | — | — | — | — | — | — | — | |||||||||||||||||||||||||||||||
Cash dividends on common stock | — | — | — | ( | ) | — | — | — | ( | ) | — | ( | ) | |||||||||||||||||||||||||
Capital calls and distributions, net | — | — | — | — | — | — | — | — | ( | ) | ( | ) | ||||||||||||||||||||||||||
Balance, March 31, 2018 | $ | $ | $ | $ | ( | ) | $ | ( | ) | $ | $ | $ | ||||||||||||||||||||||||||
Balance, December 31, 2018 | $ | $ | $ | $ | ( | ) | $ | ( | ) | $ | $ | $ | ||||||||||||||||||||||||||
Transition adjustment - Leasing Standard | — | — | — | — | — | — | ||||||||||||||||||||||||||||||||
Balance, January 1, 2019, Adjusted | ( | ) | ( | ) | ||||||||||||||||||||||||||||||||||
Net income | — | — | — | — | — | — | ( | ) | ||||||||||||||||||||||||||||||
Other comprehensive loss | — | — | — | — | — | — | — | |||||||||||||||||||||||||||||||
Repurchase of common stock | — | — | — | — | ( | ) | — | ( | ) | — | ( | ) | ||||||||||||||||||||||||||
Share-based compensation plans: | ||||||||||||||||||||||||||||||||||||||
Stock options exercised | — | — | — | — | — | — | ||||||||||||||||||||||||||||||||
Non-vested shares awarded, net | — | — | — | — | — | — | — | — | ||||||||||||||||||||||||||||||
Vesting of non-vested shares | — | — | — | — | ( | ) | — | ( | ) | — | ( | ) | ||||||||||||||||||||||||||
Share-based compensation | — | — | — | — | — | — | — | |||||||||||||||||||||||||||||||
Cash dividends on common stock | — | — | — | ( | ) | — | — | — | ( | ) | — | ( | ) | |||||||||||||||||||||||||
Capital calls and distributions, net | — | — | — | — | — | — | — | — | ( | ) | ( | ) | ||||||||||||||||||||||||||
Balance, March 31, 2019 | $ | $ | $ | $ | ( | ) | $ | ( | ) | $ | $ | $ |
Consolidated Statements of Cash Flows (Unaudited) (in thousands) | ||||||||
Three Months Ended | ||||||||
March 31, | ||||||||
2019 | 2018 | |||||||
Cash Flows From Operating Activities: | ||||||||
Net income | $ | $ | ||||||
Adjustments to reconcile net income to net cash used in operating activities: | ||||||||
Provision for credit losses | ( | ) | ||||||
Change in fair value of mortgage servicing rights due to market changes | ( | ) | ||||||
Change in the fair value of mortgage servicing rights due to principal payments | ||||||||
Net unrealized losses (gains) from derivative contracts | ||||||||
Share-based compensation | ||||||||
Depreciation and amortization | ||||||||
Net amortization of securities discounts and premiums | ||||||||
Net losses (gains) on financial instruments and other losses (gains), net | ||||||||
Net gain on mortgage loans held for sale | ( | ) | ( | ) | ||||
Mortgage loans originated for sale | ( | ) | ( | ) | ||||
Proceeds from sale of mortgage loans held for sale | ||||||||
Capitalized mortgage servicing rights | ( | ) | ( | ) | ||||
Change in trading and fair value option securities | ( | ) | ( | ) | ||||
Change in receivables | ( | ) | ( | ) | ||||
Change in other assets | ( | ) | ( | ) | ||||
Change in accrued interest, taxes and expense | ( | ) | ( | ) | ||||
Change in other liabilities | ||||||||
Net cash used in operating activities | ( | ) | ( | ) | ||||
Cash Flows From Investing Activities: | ||||||||
Proceeds from maturities or redemptions of investment securities | ||||||||
Proceeds from maturities or redemptions of available for sale securities | ||||||||
Purchases of available for sale securities | ( | ) | ( | ) | ||||
Proceeds from sales of available for sale securities | ||||||||
Change in amount receivable on unsettled available for sale securities transactions | ||||||||
Loans originated, net of principal collected | ( | ) | ( | ) | ||||
Net payments on derivative asset contracts | ( | ) | ( | ) | ||||
Proceeds from disposition of assets | ||||||||
Purchases of assets | ( | ) | ( | ) | ||||
Net cash used in investing activities | ( | ) | ( | ) | ||||
Cash Flows From Financing Activities: | ||||||||
Net change in demand deposits, transaction deposits and savings accounts | ( | ) | ||||||
Net change in time deposits | ||||||||
Net change in other borrowed funds | ||||||||
Net proceeds on derivative liability contracts | ||||||||
Net change in derivative margin accounts | ( | ) | ( | ) | ||||
Change in amount due on unsettled available for sale securities transactions | ( | ) | ( | ) | ||||
Issuance of common and treasury stock, net | ( | ) | ||||||
Repurchase of common stock | ( | ) | ( | ) | ||||
Dividends paid | ( | ) | ( | ) | ||||
Net cash provided by financing activities | ||||||||
Net increase in cash and cash equivalents | ||||||||
Cash and cash equivalents at beginning of period | ||||||||
Cash and cash equivalents at end of period | $ | $ | ||||||
Supplemental Cash Flow Information: | ||||||||
Cash paid for interest | $ | $ | ||||||
Cash paid for taxes | $ | $ | ||||||
Net loans and bank premises transferred to repossessed real estate and other assets | $ | $ | ||||||
Residential mortgage loans guaranteed by U.S. government agencies that became eligible for repurchase during the period | $ | $ | ||||||
Conveyance of other real estate owned guaranteed by U.S. government agencies | $ | $ |
March 31, 2019 | December 31, 2018 | |||||||||||||||
Fair Value | Net Unrealized Gain (Loss) | Fair Value | Net Unrealized Gain (Loss) | |||||||||||||
U.S. government agency debentures | $ | $ | $ | $ | ||||||||||||
U.S. government agency residential mortgage-backed securities | ||||||||||||||||
Municipal and other tax-exempt securities | ( | ) | ||||||||||||||
Asset-backed securities | ||||||||||||||||
Other trading securities | ||||||||||||||||
Total trading securities | $ | $ | $ | $ |
March 31, 2019 | ||||||||||||||||
Amortized | Fair | Gross Unrealized | ||||||||||||||
Cost | Value | Gain | Loss | |||||||||||||
Municipal and other tax-exempt | $ | $ | $ | $ | ( | ) | ||||||||||
U.S. government agency residential mortgage-backed securities | ( | ) | ||||||||||||||
Other debt securities | ( | ) | ||||||||||||||
Total investment securities | $ | $ | $ | $ | ( | ) |
December 31, 2018 | ||||||||||||||||
Amortized | Fair | Gross Unrealized | ||||||||||||||
Cost | Value | Gain | Loss | |||||||||||||
Municipal and other tax-exempt | $ | $ | $ | $ | ( | ) | ||||||||||
U.S. government agency residential mortgage-backed securities | ( | ) | ||||||||||||||
Other debt securities | ( | ) | ||||||||||||||
Total investment securities | $ | $ | $ | $ | ( | ) |
Less than One Year | One to Five Years | Six to Ten Years | Over Ten Years | Total | Weighted Average Maturity1 | ||||||||||||||||||
Fixed maturity debt securities: | |||||||||||||||||||||||
Amortized cost | $ | $ | $ | $ | $ | ||||||||||||||||||
Fair value | |||||||||||||||||||||||
Residential mortgage-backed securities: | |||||||||||||||||||||||
Amortized cost | $ | 2 | |||||||||||||||||||||
Fair value | |||||||||||||||||||||||
Total investment securities: | |||||||||||||||||||||||
Amortized cost | $ | ||||||||||||||||||||||
Fair value |
1 |
2 | The average expected lives of residential mortgage-backed securities were |
March 31, 2019 | ||||||||||||||||
Amortized | Fair | Gross Unrealized | ||||||||||||||
Cost | Value | Gain | Loss | |||||||||||||
U.S. Treasury | $ | $ | $ | $ | ( | ) | ||||||||||
Municipal and other tax-exempt | ||||||||||||||||
Mortgage-backed securities: | ||||||||||||||||
Residential agency | ( | ) | ||||||||||||||
Residential non-agency | ||||||||||||||||
Commercial agency | ( | ) | ||||||||||||||
Other debt securities | ( | ) | ||||||||||||||
Total available for sale securities | $ | $ | $ | $ | ( | ) |
December 31, 2018 | ||||||||||||||||
Amortized | Fair | Gross Unrealized | ||||||||||||||
Cost | Value | Gain | Loss | |||||||||||||
U.S. Treasury | $ | $ | $ | $ | ( | ) | ||||||||||
Municipal and other tax-exempt | ||||||||||||||||
Mortgage-backed securities: | ||||||||||||||||
Residential agency | ( | ) | ||||||||||||||
Residential non-agency | ||||||||||||||||
Commercial agency | ( | ) | ||||||||||||||
Other debt securities | ( | ) | ||||||||||||||
Total available for sale securities | $ | $ | $ | $ | ( | ) |
Less than One Year | One to Five Years | Six to Ten Years | Over Ten Years | Total | Weighted Average Maturity1 | |||||||||||||||||
Fixed maturity debt securities: | ||||||||||||||||||||||
Amortized cost | $ | $ | $ | $ | $ | |||||||||||||||||
Fair value | ||||||||||||||||||||||
Residential mortgage-backed securities: | ||||||||||||||||||||||
Amortized cost | $ | 2 | ||||||||||||||||||||
Fair value | ||||||||||||||||||||||
Total available-for-sale securities: | ||||||||||||||||||||||
Amortized cost | $ | |||||||||||||||||||||
Fair value |
1 | Expected maturities may differ from contractual maturities because borrowers may have the right to call or prepay obligations with or without penalty. |
2 | The average expected lives of mortgage-backed securities were |
Three Months Ended March 31, | |||||||
2019 | 2018 | ||||||
Proceeds | $ | $ | |||||
Gross realized gains | |||||||
Gross realized losses | ( | ) | ( | ) | |||
Related federal and state income tax expense (benefit) | ( | ) |
Number of Securities | Less Than 12 Months | 12 Months or Longer | Total | ||||||||||||||||||||||||
Fair Value | Unrealized Loss | Fair Value | Unrealized Loss | Fair Value | Unrealized Loss | ||||||||||||||||||||||
Investment: | |||||||||||||||||||||||||||
Municipal and other tax-exempt | $ | $ | $ | $ | $ | $ | |||||||||||||||||||||
U.S. government agency residential mortgage-backed securities | |||||||||||||||||||||||||||
Other debt securities | |||||||||||||||||||||||||||
Total investment securities | $ | $ | $ | $ | $ | $ |
Number of Securities | Less Than 12 Months | 12 Months or Longer | Total | ||||||||||||||||||||||||
Fair Value | Unrealized Loss | Fair Value | Unrealized Loss | Fair Value | Unrealized Loss | ||||||||||||||||||||||
Available for sale: | |||||||||||||||||||||||||||
U.S. Treasury | $ | $ | $ | $ | $ | $ | |||||||||||||||||||||
Mortgage-backed securities: | |||||||||||||||||||||||||||
Residential agency | |||||||||||||||||||||||||||
Commercial agency | |||||||||||||||||||||||||||
Other debt securities | |||||||||||||||||||||||||||
Total available for sale securities | $ | $ | $ | $ | $ | $ |
Number of Securities | Less Than 12 Months | 12 Months or Longer | Total | ||||||||||||||||||||||||
Fair Value | Unrealized Loss | Fair Value | Unrealized Loss | Fair Value | Unrealized Loss | ||||||||||||||||||||||
Investment: | |||||||||||||||||||||||||||
Municipal and other tax-exempt | $ | $ | $ | $ | $ | $ | |||||||||||||||||||||
U.S. government agency residential mortgage-backed securities | |||||||||||||||||||||||||||
Other debt securities | |||||||||||||||||||||||||||
Total investment securities | $ | $ | $ | $ | $ | $ |
Number of Securities | Less Than 12 Months | 12 Months or Longer | Total | ||||||||||||||||||||||||
Fair Value | Unrealized Loss | Fair Value | Unrealized Loss | Fair Value | Unrealized Loss | ||||||||||||||||||||||
Available for sale: | |||||||||||||||||||||||||||
U.S. Treasury | $ | $ | $ | $ | $ | $ | |||||||||||||||||||||
Mortgage-backed securities: | |||||||||||||||||||||||||||
Residential agency | |||||||||||||||||||||||||||
Commercial agency | |||||||||||||||||||||||||||
Other debt securities | |||||||||||||||||||||||||||
Total available for sale securities | $ | $ | $ | $ | $ | $ |
Assets | ||||||||||||||||||||||||
Notional1 | Gross Fair Value | Netting Adjustments | Net Fair Value Before Cash Collateral | Cash Collateral | Fair Value Net of Cash Collateral | |||||||||||||||||||
Customer risk management programs: | ||||||||||||||||||||||||
Interest rate contracts | ||||||||||||||||||||||||
To-be-announced residential mortgage-backed securities | $ | $ | $ | ( | ) | $ | $ | $ | ||||||||||||||||
Interest rate swaps | ( | ) | ( | ) | ||||||||||||||||||||
Energy contracts | ( | ) | ( | ) | ||||||||||||||||||||
Agricultural contracts | ( | ) | ||||||||||||||||||||||
Foreign exchange contracts | ||||||||||||||||||||||||
Equity option contracts | ( | ) | ||||||||||||||||||||||
Total customer risk management programs | ( | ) | ( | ) | ||||||||||||||||||||
Internal risk management programs | ( | ) | ||||||||||||||||||||||
Total derivative contracts | $ | $ | $ | ( | ) | $ | $ | ( | ) | $ | ||||||||||||||
Liabilities | ||||||||||||||||||||||||
Notional¹ | Gross Fair Value | Netting Adjustments | Net Fair Value Before Cash Collateral | Cash Collateral | Fair Value Net of Cash Collateral | |||||||||||||||||||
Customer risk management programs: | ||||||||||||||||||||||||
Interest rate contracts | ||||||||||||||||||||||||
To-be-announced residential mortgage-backed securities | $ | $ | $ | ( | ) | $ | $ | ( | ) | $ | ||||||||||||||
Interest rate swaps | ( | ) | ( | ) | ||||||||||||||||||||
Energy contracts | ( | ) | ( | ) | ||||||||||||||||||||
Agricultural contracts | ( | ) | ||||||||||||||||||||||
Foreign exchange contracts | ( | ) | ||||||||||||||||||||||
Equity option contracts | ||||||||||||||||||||||||
Total customer risk management programs | ( | ) | ( | ) | ||||||||||||||||||||
Internal risk management programs | ( | ) | ( | ) | ||||||||||||||||||||
Total derivative contracts | $ | $ | $ | ( | ) | $ | $ | ( | ) | $ |
1 |
Assets | ||||||||||||||||||||||||
Notional 1 | Gross Fair Value | Netting Adjustments | Net Fair Value Before Cash Collateral | Cash Collateral | Fair Value Net of Cash Collateral | |||||||||||||||||||
Customer risk management programs: | ||||||||||||||||||||||||
Interest rate contracts | ||||||||||||||||||||||||
To-be-announced residential mortgage-backed securities | $ | $ | $ | ( | ) | $ | $ | $ | ||||||||||||||||
Interest rate swaps | ( | ) | ( | ) | ||||||||||||||||||||
Energy contracts | ( | ) | ( | ) | ||||||||||||||||||||
Agricultural contracts | ( | ) | ||||||||||||||||||||||
Foreign exchange contracts | ||||||||||||||||||||||||
Equity option contracts | ( | ) | ||||||||||||||||||||||
Total customer risk management programs | ( | ) | ( | ) | ||||||||||||||||||||
Internal risk management programs | ( | ) | ||||||||||||||||||||||
Total derivative contracts | $ | $ | $ | ( | ) | $ | $ | ( | ) | $ | ||||||||||||||
Liabilities | ||||||||||||||||||||||||
Notional 1 | Gross Fair Value | Netting Adjustments | Net Fair Value Before Cash Collateral | Cash Collateral | Fair Value Net of Cash Collateral | |||||||||||||||||||
Customer risk management programs: | ||||||||||||||||||||||||
Interest rate contracts | ||||||||||||||||||||||||
To-be-announced residential mortgage-backed securities | $ | $ | $ | ( | ) | $ | $ | ( | ) | $ | ||||||||||||||
Interest rate swaps | ( | ) | ( | ) | ||||||||||||||||||||
Energy contracts | ( | ) | ( | ) | ||||||||||||||||||||
Agricultural contracts | ( | ) | ||||||||||||||||||||||
Foreign exchange contracts | ||||||||||||||||||||||||
Equity option contracts | ||||||||||||||||||||||||
Total customer risk management programs | ( | ) | ( | ) | ||||||||||||||||||||
Internal risk management programs | ( | ) | ( | ) | ||||||||||||||||||||
Total derivative contracts | $ | $ | $ | ( | ) | $ | $ | ( | ) | $ |
1 |
Three Months Ended | ||||||||||||||||
March 31, 2019 | March 31, 2018 | |||||||||||||||
Brokerage and Trading Revenue | Gain (Loss) on Derivatives, Net | Brokerage and Trading Revenue | Gain (Loss)on Derivatives, Net | |||||||||||||
Customer risk management programs: | ||||||||||||||||
Interest rate contracts | ||||||||||||||||
To-be-announced residential mortgage-backed securities | $ | $ | $ | $ | ||||||||||||
Interest rate swaps | ||||||||||||||||
Energy contracts | ||||||||||||||||
Agricultural contracts | ||||||||||||||||
Foreign exchange contracts | ||||||||||||||||
Equity option contracts | ||||||||||||||||
Total customer risk management programs | ||||||||||||||||
Internal risk management programs | ( | ) | ( | ) | ( | ) | ||||||||||
Total derivative contracts | $ | ( | ) | $ | $ | $ | ( | ) |
March 31, 2019 | December 31, 2018 | |||||||||||||||||||||||||||||||
Fixed Rate | Variable Rate | Non-accrual | Total | Fixed Rate | Variable Rate | Non-accrual | Total | |||||||||||||||||||||||||
Commercial | $ | $ | $ | $ | $ | $ | $ | $ | ||||||||||||||||||||||||
Commercial real estate | ||||||||||||||||||||||||||||||||
Residential mortgage | ||||||||||||||||||||||||||||||||
Personal | ||||||||||||||||||||||||||||||||
Total | $ | $ | $ | $ | $ | $ | $ | $ | ||||||||||||||||||||||||
Accruing loans past due (90 days)1 | $ | $ |
1 |
Commercial | Commercial Real Estate | Residential Mortgage | Personal | Nonspecific Allowance | Total | |||||||||||||||||||
Allowance for loan losses: | ||||||||||||||||||||||||
Beginning balance | $ | $ | $ | $ | $ | $ | ||||||||||||||||||
Provision for loan losses | ( | ) | ( | ) | ( | ) | ||||||||||||||||||
Loans charged off | ( | ) | ( | ) | ( | ) | ( | ) | ||||||||||||||||
Recoveries | ||||||||||||||||||||||||
Ending balance | $ | $ | $ | $ | $ | $ | ||||||||||||||||||
Allowance for off-balance sheet credit losses: | ||||||||||||||||||||||||
Beginning balance | $ | $ | $ | $ | $ | $ | ||||||||||||||||||
Provision for off-balance sheet credit losses | ( | ) | ( | ) | ( | ) | ||||||||||||||||||
Ending balance | $ | $ | $ | $ | $ | $ | ||||||||||||||||||
Total provision for credit losses | $ | $ | ( | ) | $ | ( | ) | $ | ( | ) | $ | $ |
Commercial | Commercial Real Estate | Residential Mortgage | Personal | Nonspecific Allowance | Total | |||||||||||||||||||
Allowance for loan losses: | ||||||||||||||||||||||||
Beginning balance | $ | $ | $ | $ | $ | $ | ||||||||||||||||||
Provision for loan losses | ( | ) | ( | ) | ( | ) | ( | ) | ( | ) | ||||||||||||||
Loans charged off | ( | ) | ( | ) | ( | ) | ( | ) | ||||||||||||||||
Recoveries | ||||||||||||||||||||||||
Ending balance | $ | $ | $ | $ | $ | $ | ||||||||||||||||||
Allowance for off-balance sheet credit losses: | ||||||||||||||||||||||||
Beginning balance | $ | $ | $ | $ | $ | $ | ||||||||||||||||||
Provision for off-balance sheet credit losses | ( | ) | ||||||||||||||||||||||
Ending balance | $ | $ | $ | $ | $ | $ | ||||||||||||||||||
Total provision for credit losses | $ | ( | ) | $ | $ | ( | ) | $ | ( | ) | $ | ( | ) | $ | ( | ) |
Collectively Measured for Impairment | Individually Measured for Impairment | Total | ||||||||||||||||||||||
Recorded Investment | Related Allowance | Recorded Investment | Related Allowance | Recorded Investment | Related Allowance | |||||||||||||||||||
Commercial | $ | $ | $ | $ | $ | $ | ||||||||||||||||||
Commercial real estate | ||||||||||||||||||||||||
Residential mortgage | ||||||||||||||||||||||||
Personal | ||||||||||||||||||||||||
Total | ||||||||||||||||||||||||
Nonspecific allowance | ||||||||||||||||||||||||
Total | $ | $ | $ | $ | $ | $ |
Collectively Measured for Impairment | Individually Measured for Impairment | Total | ||||||||||||||||||||||
Recorded Investment | Related Allowance | Recorded Investment | Related Allowance | Recorded Investment | Related Allowance | |||||||||||||||||||
Commercial | $ | $ | $ | $ | $ | $ | ||||||||||||||||||
Commercial real estate | ||||||||||||||||||||||||
Residential mortgage | ||||||||||||||||||||||||
Personal | ||||||||||||||||||||||||
Total | ||||||||||||||||||||||||
Nonspecific allowance | ||||||||||||||||||||||||
Total | $ | $ | $ | $ | $ | $ |
Internally Risk Graded | Non-Graded | Total | ||||||||||||||||||||||
Recorded Investment | Related Allowance | Recorded Investment | Related Allowance | Recorded Investment | Related Allowance | |||||||||||||||||||
Commercial | $ | $ | $ | $ | $ | $ | ||||||||||||||||||
Commercial real estate | ||||||||||||||||||||||||
Residential mortgage | ||||||||||||||||||||||||
Personal | ||||||||||||||||||||||||
Total | ||||||||||||||||||||||||
Nonspecific allowance | ||||||||||||||||||||||||
Total | $ | $ | $ | $ | $ | $ |
Internally Risk Graded | Non-Graded | Total | ||||||||||||||||||||||
Recorded Investment | Related Allowance | Recorded Investment | Related Allowance | Recorded Investment | Related Allowance | |||||||||||||||||||
Commercial | $ | $ | $ | $ | $ | $ | ||||||||||||||||||
Commercial real estate | ||||||||||||||||||||||||
Residential mortgage | ||||||||||||||||||||||||
Personal | ||||||||||||||||||||||||
Total | ||||||||||||||||||||||||
Nonspecific allowance | ||||||||||||||||||||||||
Total | $ | $ | $ | $ | $ | $ |
Internally Risk Graded | Non-Graded | |||||||||||||||||||||||||||
Performing | ||||||||||||||||||||||||||||
Pass | Other Loans Especially Mentioned | Accruing Substandard | Nonaccrual | Performing | Nonaccrual | Total | ||||||||||||||||||||||
Commercial: | ||||||||||||||||||||||||||||
Energy | $ | $ | $ | $ | $ | $ | $ | |||||||||||||||||||||
Services | ||||||||||||||||||||||||||||
Wholesale/retail | ||||||||||||||||||||||||||||
Manufacturing | ||||||||||||||||||||||||||||
Healthcare | ||||||||||||||||||||||||||||
Public finance | ||||||||||||||||||||||||||||
Other commercial and industrial | ||||||||||||||||||||||||||||
Total commercial | ||||||||||||||||||||||||||||
Commercial real estate: | ||||||||||||||||||||||||||||
Residential construction and land development | ||||||||||||||||||||||||||||
Retail | ||||||||||||||||||||||||||||
Office | ||||||||||||||||||||||||||||
Multifamily | ||||||||||||||||||||||||||||
Industrial | ||||||||||||||||||||||||||||
Other commercial real estate | ||||||||||||||||||||||||||||
Total commercial real estate | ||||||||||||||||||||||||||||
Residential mortgage: | ||||||||||||||||||||||||||||
Permanent mortgage | ||||||||||||||||||||||||||||
Permanent mortgages guaranteed by U.S. government agencies | ||||||||||||||||||||||||||||
Home equity | ||||||||||||||||||||||||||||
Total residential mortgage | ||||||||||||||||||||||||||||
Personal | ||||||||||||||||||||||||||||
Total | $ | $ | $ | $ | $ | $ | $ |
Internally Risk Graded | Non-Graded | |||||||||||||||||||||||||||
Performing | ||||||||||||||||||||||||||||
Pass | Other Loans Especially Mentioned | Accruing Substandard | Nonaccrual | Performing | Nonaccrual | Total | ||||||||||||||||||||||
Commercial: | ||||||||||||||||||||||||||||
Energy | $ | $ | $ | $ | $ | $ | $ | |||||||||||||||||||||
Services | ||||||||||||||||||||||||||||
Wholesale/retail | ||||||||||||||||||||||||||||
Manufacturing | ||||||||||||||||||||||||||||
Healthcare | ||||||||||||||||||||||||||||
Public finance | ||||||||||||||||||||||||||||
Other commercial and industrial | ||||||||||||||||||||||||||||
Total commercial | ||||||||||||||||||||||||||||
Commercial real estate: | ||||||||||||||||||||||||||||
Residential construction and land development | ||||||||||||||||||||||||||||
Retail | ||||||||||||||||||||||||||||
Office | ||||||||||||||||||||||||||||
Multifamily | ||||||||||||||||||||||||||||
Industrial | ||||||||||||||||||||||||||||
Other commercial real estate | ||||||||||||||||||||||||||||
Total commercial real estate | ||||||||||||||||||||||||||||
Residential mortgage: | ||||||||||||||||||||||||||||
Permanent mortgage | ||||||||||||||||||||||||||||
Permanent mortgages guaranteed by U.S. government agencies | ||||||||||||||||||||||||||||
Home equity | ||||||||||||||||||||||||||||
Total residential mortgage | ||||||||||||||||||||||||||||
Personal | ||||||||||||||||||||||||||||
Total | $ | $ | $ | $ | $ | $ | $ |
As of | For the | ||||||||||||||||||||||||||
March 31, 2019 | Three Months Ended | ||||||||||||||||||||||||||
Recorded Investment | March 31, 2019 | ||||||||||||||||||||||||||
Unpaid Principal Balance | Total | With No Allowance | With Allowance | Related Allowance | Average Recorded Investment | Interest Income Recognized | |||||||||||||||||||||
Commercial: | |||||||||||||||||||||||||||
Energy | $ | $ | $ | $ | $ | $ | $ | ||||||||||||||||||||
Services | |||||||||||||||||||||||||||
Wholesale/retail | |||||||||||||||||||||||||||
Manufacturing1 | |||||||||||||||||||||||||||
Healthcare | |||||||||||||||||||||||||||
Public finance | |||||||||||||||||||||||||||
Other commercial and industrial | |||||||||||||||||||||||||||
Total commercial | |||||||||||||||||||||||||||
Commercial real estate: | |||||||||||||||||||||||||||
Residential construction and land development | |||||||||||||||||||||||||||
Retail | |||||||||||||||||||||||||||
Office | |||||||||||||||||||||||||||
Multifamily | |||||||||||||||||||||||||||
Industrial | |||||||||||||||||||||||||||
Other commercial real estate | |||||||||||||||||||||||||||
Total commercial real estate | |||||||||||||||||||||||||||
Residential mortgage: | |||||||||||||||||||||||||||
Permanent mortgage | |||||||||||||||||||||||||||
Permanent mortgage guaranteed by U.S. government agencies2 | |||||||||||||||||||||||||||
Home equity | |||||||||||||||||||||||||||
Total residential mortgage | |||||||||||||||||||||||||||
Personal | |||||||||||||||||||||||||||
Total | $ | $ | $ | $ | $ | $ | $ |
1 | Impaired manufacturing sector loans included $ |
Recorded Investment | ||||||||||||||||||||
Unpaid Principal Balance | Total | With No Allowance | With Allowance | Related Allowance | ||||||||||||||||
Commercial: | ||||||||||||||||||||
Energy | $ | $ | $ | $ | $ | |||||||||||||||
Services | ||||||||||||||||||||
Wholesale/retail | ||||||||||||||||||||
Manufacturing | ||||||||||||||||||||
Healthcare | ||||||||||||||||||||
Public finance | ||||||||||||||||||||
Other commercial and industrial | ||||||||||||||||||||
Total commercial | ||||||||||||||||||||
Commercial real estate: | ||||||||||||||||||||
Residential construction and land development | ||||||||||||||||||||
Retail | ||||||||||||||||||||
Office | ||||||||||||||||||||
Multifamily | ||||||||||||||||||||
Industrial | ||||||||||||||||||||
Other commercial real estate | ||||||||||||||||||||
Total commercial real estate | ||||||||||||||||||||
Residential mortgage: | ||||||||||||||||||||
Permanent mortgage | ||||||||||||||||||||
Permanent mortgage guaranteed by U.S. government agencies1 | ||||||||||||||||||||
Home equity | ||||||||||||||||||||
Total residential mortgage | ||||||||||||||||||||
Personal | ||||||||||||||||||||
Total | $ | $ | $ | $ | $ |
1 | All permanent mortgage loans guaranteed by U.S. government agencies are considered impaired as we do not expect full collection of contractual principal and interest. At December 31, 2018, the majority were accruing based on the guarantee by U.S. government agencies. |
Past Due | ||||||||||||||||||||||||
Current | 30 to 59 Days | 60 to 89 Days | 90 Days or More | Nonaccrual | Total | |||||||||||||||||||
Commercial: | ||||||||||||||||||||||||
Energy | $ | $ | $ | $ | $ | $ | ||||||||||||||||||
Services | ||||||||||||||||||||||||
Wholesale/retail | ||||||||||||||||||||||||
Manufacturing | ||||||||||||||||||||||||
Healthcare | ||||||||||||||||||||||||
Public finance | ||||||||||||||||||||||||
Other commercial and industrial | ||||||||||||||||||||||||
Total commercial | ||||||||||||||||||||||||
Commercial real estate: | ||||||||||||||||||||||||
Residential construction and land development | ||||||||||||||||||||||||
Retail | ||||||||||||||||||||||||
Office | ||||||||||||||||||||||||
Multifamily | ||||||||||||||||||||||||
Industrial | ||||||||||||||||||||||||
Other commercial real estate | ||||||||||||||||||||||||
Total commercial real estate | ||||||||||||||||||||||||
Residential mortgage: | ||||||||||||||||||||||||
Permanent mortgage | ||||||||||||||||||||||||
Permanent mortgages guaranteed by U.S. government agencies | ||||||||||||||||||||||||
Home equity | ||||||||||||||||||||||||
Total residential mortgage | ||||||||||||||||||||||||
Personal | ||||||||||||||||||||||||
Total | $ | $ | $ | $ | $ | $ |
Past Due | ||||||||||||||||||||||||
Current | 30 to 59 Days | 60 to 89 Days | 90 Days or More | Nonaccrual | Total | |||||||||||||||||||
Commercial: | ||||||||||||||||||||||||
Energy | $ | $ | $ | $ | $ | $ | ||||||||||||||||||
Services | ||||||||||||||||||||||||
Wholesale/retail | ||||||||||||||||||||||||
Manufacturing | ||||||||||||||||||||||||
Healthcare | ||||||||||||||||||||||||
Public finance | ||||||||||||||||||||||||
Other commercial and industrial | ||||||||||||||||||||||||
Total commercial | ||||||||||||||||||||||||
Commercial real estate: | ||||||||||||||||||||||||
Residential construction and land development | ||||||||||||||||||||||||
Retail | ||||||||||||||||||||||||
Office | ||||||||||||||||||||||||
Multifamily | ||||||||||||||||||||||||
Industrial | ||||||||||||||||||||||||
Other commercial real estate | ||||||||||||||||||||||||
Total commercial real estate | ||||||||||||||||||||||||
Residential mortgage: | ||||||||||||||||||||||||
Permanent mortgage | ||||||||||||||||||||||||
Permanent mortgages guaranteed by U.S. government agencies | ||||||||||||||||||||||||
Home equity | ||||||||||||||||||||||||
Total residential mortgage | ||||||||||||||||||||||||
Personal | ||||||||||||||||||||||||
Total | $ | $ | $ | $ | $ | $ |
March 31, 2019 | ||||
Operating lease cost recognized as occupancy and equipment expense | $ | |||
Operating cash flows from operating leases | ||||
Weighted-average remaining lease term | ||||
Weighted-average discount rate operating leases | % |
March 31, 2019 | December 31, 2018 | |||||||||||||||
Unpaid Principal Balance/ Notional | Fair Value | Unpaid Principal Balance/ Notional | Fair Value | |||||||||||||
Residential mortgage loans held for sale | $ | $ | $ | $ | ||||||||||||
Residential mortgage loan commitments | ||||||||||||||||
Forward sales contracts | ( | ) | ( | ) | ||||||||||||
$ | $ |
Three Months Ended March 31, | ||||||||
2019 | 2018 | |||||||
Production revenue: | ||||||||
Net realized gains on sale of mortgage loans | $ | $ | ||||||
Net change in unrealized gain on mortgage loans held for sale | ( | ) | ( | ) | ||||
Net change in the fair value of mortgage loan commitments | ||||||||
Net change in the fair value of forward sales contracts | ( | ) | ( | ) | ||||
Total production revenue | ||||||||
Servicing revenue | ||||||||
Total mortgage banking revenue | $ | $ |
March 31, 2019 | December 31, 2018 | |||||||
Number of residential mortgage loans serviced for others | ||||||||
Outstanding principal balance of residential mortgage loans serviced for others | $ | $ | ||||||
Weighted average interest rate | % | % | ||||||
Remaining term (in months) |
Three Months Ended March 31, | ||||||||
2019 | 2018 | |||||||
Beginning Balance | $ | $ | ||||||
Additions, net | ||||||||
Change in fair value due to principal payments | ( | ) | ( | ) | ||||
Change in fair value due to market assumption changes | ( | ) | ||||||
Ending Balance | $ | $ |
March 31, 2019 | December 31, 2018 | |||
Discount rate – risk-free rate plus a market premium | ||||
Prepayment rate - based upon loan interest rate, original term and loan type | 8.14% - 16.02% | 8.05% - 15.74% | ||
Loan servicing costs – annually per loan based upon loan type: | ||||
Performing loans | $68 - $94 | $67 - $93 | ||
Delinquent loans | $150 - $500 | $150 - $500 | ||
Loans in foreclosure | $1,000 - $4,000 | $1,000 - $4,000 | ||
Escrow earnings rate – indexed to rates paid on deposit accounts with comparable average life | ||||
Primary/secondary mortgage rate spread |
Unrealized Gain (Loss) on | ||||||||||||
Available for Sale Securities | Employee Benefit Plans | Total | ||||||||||
Balance, December 31, 2017 | $ | ( | ) | $ | ( | ) | $ | ( | ) | |||
Transition adjustment for net unrealized gains on equity securities | ( | ) | ( | ) | ||||||||
Net change in unrealized gain (loss) | ( | ) | ( | ) | ||||||||
Reclassification adjustments included in earnings: | ||||||||||||
Loss on available for sale securities, net | ||||||||||||
Other comprehensive income (loss), before income taxes | ( | ) | ( | ) | ||||||||
Federal and state income taxes1 | ( | ) | ( | ) | ||||||||
Other comprehensive income (loss), net of income taxes | ( | ) | ( | ) | ||||||||
Balance, March 31, 2018 | $ | ( | ) | $ | ( | ) | $ | ( | ) | |||
Balance, December 31, 2018 | $ | ( | ) | $ | ( | ) | $ | ( | ) | |||
Net change in unrealized gain (loss) | ||||||||||||
Reclassification adjustments included in earnings: | ||||||||||||
Gain on available for sale securities, net | ( | ) | ( | ) | ||||||||
Other comprehensive income (loss), before income taxes | ||||||||||||
Federal and state income taxes1 | ||||||||||||
Other comprehensive income (loss), net of income taxes | ||||||||||||
Balance, March 31, 2019 | $ | ( | ) | $ | ( | ) | $ | ( | ) |
1 |
(In thousands, except share and per share amounts) | Three Months Ended March 31, | |||||||
2019 | 2018 | |||||||
Numerator: | ||||||||
Net income attributable to BOK Financial Corp. shareholders | $ | $ | ||||||
Less: Earnings allocated to participating securities | ||||||||
Numerator for basic earnings per share – income available to common shareholders | ||||||||
Effect of reallocating undistributed earnings of participating securities | ||||||||
Numerator for diluted earnings per share – income available to common shareholders | $ | $ | ||||||
Denominator: | ||||||||
Weighted average shares outstanding | $ | $ | ||||||
Less: Participating securities included in weighted average shares outstanding | ||||||||
Denominator for basic earnings per common share | ||||||||
Dilutive effect of employee stock compensation plans1 | ||||||||
Denominator for diluted earnings per common share | $ | $ | ||||||
Basic earnings per share | $ | $ | ||||||
Diluted earnings per share | $ | $ | ||||||
1 Excludes employee stock options with exercise prices greater than current market price. |
Commercial | Consumer | Wealth Management | Funds Management and Other1 | BOK Financial Consolidated | ||||||||||||||||
Net interest revenue from external sources | $ | $ | $ | $ | $ | |||||||||||||||
Net interest revenue (expense) from internal sources | ( | ) | ||||||||||||||||||
Net interest revenue | ||||||||||||||||||||
Provision for credit losses | ( | ) | ( | ) | ||||||||||||||||
Net interest revenue after provision for credit losses | ||||||||||||||||||||
Other operating revenue | ||||||||||||||||||||
Other operating expense | ||||||||||||||||||||
Net direct contribution | ( | ) | ||||||||||||||||||
Gain (loss) on financial instruments, net | ( | ) | ||||||||||||||||||
Change in fair value of mortgage servicing rights | ( | ) | ||||||||||||||||||
Gain (loss) on repossessed assets, net | ( | ) | ||||||||||||||||||
Corporate expense allocations | ( | ) | ||||||||||||||||||
Net income before taxes | ( | ) | ||||||||||||||||||
Federal and state income taxes | ( | ) | ||||||||||||||||||
Net income | ( | ) | ||||||||||||||||||
Net income attributable to non-controlling interests | ( | ) | ( | ) | ||||||||||||||||
Net income attributable to BOK Financial Corp. shareholders | $ | $ | $ | $ | ( | ) | $ | |||||||||||||
Average assets | $ | $ | $ | $ | $ |
Commercial | Consumer | Wealth Management | Funds Management and Other | BOK Financial Consolidated | ||||||||||||||||
Net interest revenue from external sources | $ | $ | $ | $ | $ | |||||||||||||||
Net interest revenue (expense) from internal sources | ( | ) | ||||||||||||||||||
Net interest revenue | ||||||||||||||||||||
Provision for credit losses | ( | ) | ( | ) | ( | ) | ||||||||||||||
Net interest revenue after provision for credit losses | ||||||||||||||||||||
Other operating revenue | ( | ) | ||||||||||||||||||
Other operating expense | ||||||||||||||||||||
Net direct contribution | ( | ) | ||||||||||||||||||
Gain (loss) on financial instruments, net | ( | ) | ||||||||||||||||||
Change in fair value of mortgage servicing rights | ( | ) | ||||||||||||||||||
Gain (loss) on repossessed assets, net | ( | ) | ( | ) | ||||||||||||||||
Corporate expense allocations | ( | ) | ||||||||||||||||||
Net income before taxes | ( | ) | ||||||||||||||||||
Federal and state income taxes | ( | ) | ||||||||||||||||||
Net income | ( | ) | ||||||||||||||||||
Net income attributable to non-controlling interests | ( | ) | ( | ) | ||||||||||||||||
Net income (loss) attributable to BOK Financial Corp. shareholders | $ | $ | $ | $ | ( | ) | $ | |||||||||||||
Average assets | $ | $ | $ | $ | ( | ) | $ |
• | Identify the contract with a customer |
• | Identify the performance obligations in the contract |
• | Determine the transaction price |
• | Allocate the transaction price to the performance obligations in the contract |
• | Recognize revenue when (or as) the Company satisfies a performance obligation |
Commercial | Consumer | Wealth Management | Funds Management & Other3 | Consolidated | Out of Scope1 | In Scope2 | |||||||||||||||||||||
Trading revenue | $ | $ | $ | $ | $ | $ | $ | ||||||||||||||||||||
Customer hedging revenue | ( | ) | |||||||||||||||||||||||||
Retail brokerage revenue | ( | ) | |||||||||||||||||||||||||
Insurance brokerage revenue | |||||||||||||||||||||||||||
Investment banking revenue | |||||||||||||||||||||||||||
Brokerage and trading revenue | |||||||||||||||||||||||||||
TransFund EFT network revenue | ( | ) | |||||||||||||||||||||||||
Merchant services revenue | |||||||||||||||||||||||||||
Corporate card revenue | |||||||||||||||||||||||||||
Transaction card revenue | ( | ) | |||||||||||||||||||||||||
Personal trust revenue | |||||||||||||||||||||||||||
Corporate trust revenue | |||||||||||||||||||||||||||
Institutional trust & retirement plan services revenue | |||||||||||||||||||||||||||
Investment management services and other | |||||||||||||||||||||||||||
Fiduciary and asset management revenue | |||||||||||||||||||||||||||
Commercial account service charge revenue | |||||||||||||||||||||||||||
Overdraft fee revenue | ( | ) | |||||||||||||||||||||||||
Check card revenue | |||||||||||||||||||||||||||
Automated service charge and other deposit fee revenue | |||||||||||||||||||||||||||
Deposit service charges and fees | |||||||||||||||||||||||||||
Mortgage production revenue | |||||||||||||||||||||||||||
Mortgage servicing revenue | ( | ) | |||||||||||||||||||||||||
Mortgage banking revenue | ( | ) | |||||||||||||||||||||||||
Other revenue | |||||||||||||||||||||||||||
Total fees and commissions revenue | $ | $ | $ | $ | $ | $ | $ |
1 |
2 |
3 |
Commercial | Consumer | Wealth Management | Funds Management & Other | Consolidated | Out of Scope1 | In Scope2 | |||||||||||||||||||||
Trading revenue | $ | $ | $ | $ | $ | $ | $ | ||||||||||||||||||||
Customer hedging revenue | |||||||||||||||||||||||||||
Retail brokerage revenue | ( | ) | |||||||||||||||||||||||||
Insurance brokerage revenue | |||||||||||||||||||||||||||
Investment banking revenue | |||||||||||||||||||||||||||
Brokerage and trading revenue | |||||||||||||||||||||||||||
TransFund EFT network revenue | ( | ) | |||||||||||||||||||||||||
Merchant services revenue | |||||||||||||||||||||||||||
Corporate card revenue | |||||||||||||||||||||||||||
Transaction card revenue | ( | ) | |||||||||||||||||||||||||
Personal trust revenue | |||||||||||||||||||||||||||
Corporate trust revenue | |||||||||||||||||||||||||||
Institutional trust & retirement plan services revenue | |||||||||||||||||||||||||||
Investment management services and other | ( | ) | |||||||||||||||||||||||||
Fiduciary and asset management revenue | ( | ) | |||||||||||||||||||||||||
Commercial account service charge revenue | |||||||||||||||||||||||||||
Overdraft fee revenue | |||||||||||||||||||||||||||
Check card revenue | |||||||||||||||||||||||||||
Automated service charge and other deposit fee revenue | |||||||||||||||||||||||||||
Deposit service charges and fees | |||||||||||||||||||||||||||
Mortgage production revenue | |||||||||||||||||||||||||||
Mortgage servicing revenue | ( | ) | |||||||||||||||||||||||||
Mortgage banking revenue | ( | ) | |||||||||||||||||||||||||
Other revenue | ( | ) | |||||||||||||||||||||||||
Total fees and commissions revenue | $ | $ | $ | $ | ( | ) | $ | $ | $ |
1 | Out of scope revenue generally relates to financial instruments or contractual rights and obligations within the scope of other applicable accounting guidance. |
2 | In scope revenue represents revenue subject to FASB ASC Topic 606, Revenue from Contracts with Customers. |
Three Months Ended March 31, | |||||||
2019 | 2018 | ||||||
Amount: | |||||||
Federal statutory tax | $ | $ | |||||
Tax exempt revenue | ( | ) | ( | ) | |||
Effect of state income taxes, net of federal benefit | |||||||
Utilization of tax credits, net of proportional amortization of low-income housing limited partnership investments | ( | ) | ( | ) | |||
Share-based compensation | ( | ) | ( | ) | |||
Implementation of Tax Reform Act | |||||||
Other, net | |||||||
Total income tax expense | $ | $ |
Three Months Ended March 31, | |||||
2019 | 2018 | ||||
Percent of pretax income: | |||||
Federal statutory tax | % | % | |||
Tax exempt revenue | ( | ) | ( | ) | |
Effect of state income taxes, net of federal benefit | |||||
Utilization of tax credits, net of proportional amortization of low-income housing limited partnership investments | ( | ) | ( | ) | |
Share-based compensation | ( | ) | ( | ) | |
Implementation of Tax Reform Act | |||||
Other, net | |||||
Total | % | % |
• | Quoted prices for similar, but not identical, assets or liabilities in active markets; |
• | Quoted prices for identical or similar assets or liabilities in inactive markets; |
• | Inputs other than quoted prices that are observable, such as interest rate and yield curves, volatilities, prepayment speeds, loss severities, credit risks and default rates; |
• | Other inputs derived from or corroborated by observable market inputs. |
Total | Quoted Prices in Active Markets for Identical Instruments (Level 1) | Significant Other Observable Inputs (Level 2) | Significant Unobservable Inputs (Level 3) | |||||||||||||
Assets: | ||||||||||||||||
Trading securities: | ||||||||||||||||
U.S. government agency debentures | $ | $ | $ | $ | ||||||||||||
U.S. government agency residential mortgage-backed securities | ||||||||||||||||
Municipal and other tax-exempt securities | ||||||||||||||||
Asset-backed securities | ||||||||||||||||
Other trading securities | ||||||||||||||||
Total trading securities | ||||||||||||||||
Available for sale securities: | ||||||||||||||||
U.S. Treasury | ||||||||||||||||
Municipal and other tax-exempt securities | ||||||||||||||||
Residential agency mortgage-backed securities | ||||||||||||||||
Residential non-agency mortgage-backed securities | ||||||||||||||||
Commercial agency mortgage-backed securities | ||||||||||||||||
Other debt securities | ||||||||||||||||
Total available for sale securities | ||||||||||||||||
Fair value option securities – U.S. government agency residential mortgage-backed securities | ||||||||||||||||
Residential mortgage loans held for sale | ||||||||||||||||
Mortgage servicing rights1 | ||||||||||||||||
Derivative contracts, net of cash collateral2 | ||||||||||||||||
Liabilities: | ||||||||||||||||
Derivative contracts, net of cash collateral2 |
1 |
2 |
Total | Quoted Prices in Active Markets for Identical Instruments (Level 1) | Significant Other Observable Inputs (Level 2) | Significant Unobservable Inputs (Level 3) | |||||||||||||
Assets: | ||||||||||||||||
Trading securities: | ||||||||||||||||
U.S. government agency debentures | $ | $ | $ | $ | ||||||||||||
U.S. government agency residential mortgage-backed securities | ||||||||||||||||
Municipal and other tax-exempt securities | ||||||||||||||||
Asset-backed securities | ||||||||||||||||
Other trading securities | ||||||||||||||||
Total trading securities | ||||||||||||||||
Available for sale securities: | ||||||||||||||||
U.S. Treasury | ||||||||||||||||
Municipal and other tax-exempt securities | ||||||||||||||||
Residential agency mortgage-backed securities | ||||||||||||||||
Residential non-agency mortgage-backed securities | ||||||||||||||||
Commercial agency mortgage-backed securities | ||||||||||||||||
Other debt securities | ||||||||||||||||
Total available for sale securities | ||||||||||||||||
Fair value option securities – U.S. government agency residential mortgage-backed securities | ||||||||||||||||
Residential mortgage loans held for sale | ||||||||||||||||
Mortgage servicing rights1 | ||||||||||||||||
Derivative contracts, net of cash collateral2 | ||||||||||||||||
Liabilities: | ||||||||||||||||
Derivative contracts, net of cash collateral2 |
1 |
2 |
Available for Sale Securities | ||||||||||||
Municipal and other tax-exempt securities | Other debt securities | Residential mortgage loans held for sale | ||||||||||
Balance, December 31, 2018 | $ | $ | $ | |||||||||
Transfer to Level 3 from Level 21 | ||||||||||||
Purchases | ||||||||||||
Proceeds from sales | ( | ) | ||||||||||
Redemptions and distributions | ||||||||||||
Gain (loss) recognized in earnings: | ||||||||||||
Mortgage banking revenue | ( | ) | ||||||||||
Other comprehensive income (loss): | ||||||||||||
Net change in unrealized gain (loss) | ||||||||||||
Balance, March 31, 2019 | $ | $ | $ |
1 |
Available for Sale Securities | ||||||||||||
Municipal and other tax-exempt securities | Other debt securities | Residential mortgage loans held for sale | ||||||||||
Balance, December 31, 2017 | $ | $ | $ | |||||||||
Transfer to Level 3 from Level 21 | ||||||||||||
Purchases | ||||||||||||
Proceeds from sales | ( | ) | ||||||||||
Redemptions and distributions | ( | ) | ||||||||||
Gain (loss) recognized in earnings: | ||||||||||||
Mortgage banking revenue | ( | ) | ||||||||||
Other comprehensive income (loss): | ||||||||||||
Net change in unrealized gain (loss) | ||||||||||||
Balance, March 31, 2018 | $ | $ | $ |
1 |
Fair Value | Valuation Technique(s) | Unobservable Input | Range (Weighted Average) | |||||||
Available for sale securities – Other debt securities | Discounted cash flows | 1 | Interest rate spread | 6.83%-6.83% (6.83%) | 3 | |||||
94.39%-94.39% (94.39%) | 2 | |||||||||
Residential mortgage loans held for sale | Quoted prices of loans sold in securitization transactions, with a liquidity discount applied | Liquidity discount applied to the market value of mortgage loans qualifying for sale to U.S. government agencies. |
1 | Discounted cash flows developed using discount rates primarily based on reference to interest rate spreads for comparable securities of similar duration and credit rating as determined by the nationally-recognized rating agencies, adjusted for lack of trading volume. |
2 |
3 |
Fair Value | Valuation Technique(s) | Unobservable Input | Range (Weighted Average) | |||||||
Available for sale securities – Other debt securities | Discounted cash flows | 1 | Interest rate spread | 7.88%-7.88% (7.88%) | 3 | |||||
94.44%-94.44% (94.44%) | 2 | |||||||||
Residential mortgage loans held for sale | Quoted prices of loans sold in securitization transactions, with a liquidity discount applied | Liquidity discount applied to the market value of mortgage loans qualifying for sale to U.S. government agencies. |
1 | Discounted cash flows developed using discount rates primarily based on reference to interest rate spreads for comparable securities of similar duration and credit rating as determined by the nationally-recognized rating agencies, adjusted for lack of trading volume |
3 |
Fair Value Adjustments for the | |||||||||||||||||||
Carrying Value at March 31, 2019 | Three Months Ended March 31, 2019 Recognized in: | ||||||||||||||||||
Quoted Prices in Active Markets for Identical Instruments | Significant Other Observable Inputs | Significant Unobservable Inputs | Gross charge-offs against allowance for loan losses | Net losses and expenses of repossessed assets, net | |||||||||||||||
Impaired loans | $ | $ | $ | $ | $ | ||||||||||||||
Real estate and other repossessed assets |
Fair Value Adjustments for the | |||||||||||||||||||
Carrying Value at March 31, 2018 | Three Months Ended March 31, 2018 Recognized in: | ||||||||||||||||||
Quoted Prices in Active Markets for Identical Instruments | Significant Other Observable Inputs | Significant Unobservable Inputs | Gross charge-offs against allowance for loan losses | Net losses and expenses of repossessed assets, net | |||||||||||||||
Impaired loans | $ | $ | $ | $ | $ | ||||||||||||||
Real estate and other repossessed assets |
Fair Value | Valuation Technique(s) | Unobservable Input | Range (Weighted Average) | |||||||
Impaired loans | $ | Discounted cash flows | Management knowledge of industry and non-real estate collateral including but not limited to recoverable oil and gas reserves, forward-looking commodity prices, estimated operating costs | 14% - 74% (31%)1 | ||||||
Real estate and other repossessed assets | Appraised value, as adjusted | Marketability adjustments off appraised value2 | 75% - 85% (79%) |
1 |
2 | Marketability adjustments include consideration of estimated costs to sell which is approximately 10% of the fair value. |
Fair Value | Valuation Technique(s) | Unobservable Input | Range (Weighted Average) | |||||||
Impaired loans | $ | Discounted cash flows | Management knowledge of industry and non-real estate collateral including but not limited to recoverable oil and gas reserves, forward-looking commodity prices, estimated operating costs | 35% - 80% (50%)1 | ||||||
Real estate and other repossessed assets | Discounted cash flows | Recoverable oil and gas reserves, forward-looking commodity prices, estimated operating costs | N/A |
1 |
Carrying Value | Estimated Fair Value | Quoted Prices in Active Markets for Identical Instruments (Level 1) | Significant Other Observable Inputs (Level 2) | Significant Unobservable Inputs (Level 3) | ||||||||||||||||
Cash and due from banks | $ | $ | $ | $ | $ | |||||||||||||||
Interest-bearing cash and cash equivalents | ||||||||||||||||||||
Trading securities: | ||||||||||||||||||||
U.S. government agency debentures | ||||||||||||||||||||
U.S. government agency residential mortgage-backed securities | ||||||||||||||||||||
Municipal and other tax-exempt securities | ||||||||||||||||||||
Asset-backed securities | ||||||||||||||||||||
Other trading securities | ||||||||||||||||||||
Total trading securities | ||||||||||||||||||||
Investment securities: | ||||||||||||||||||||
Municipal and other tax-exempt securities | ||||||||||||||||||||
U.S. government agency residential mortgage-backed securities | ||||||||||||||||||||
Other debt securities | ||||||||||||||||||||
Total investment securities | ||||||||||||||||||||
Available for sale securities: | ||||||||||||||||||||
U.S. Treasury | ||||||||||||||||||||
Municipal and other tax-exempt securities | ||||||||||||||||||||
Residential agency mortgage-backed securities | ||||||||||||||||||||
Residential non-agency mortgage-backed securities | ||||||||||||||||||||
Commercial agency mortgage-backed securities | ||||||||||||||||||||
Other debt securities | ||||||||||||||||||||
Total available for sale securities | ||||||||||||||||||||
Fair value option securities – U.S. government agency residential mortgage-backed securities | ||||||||||||||||||||
Residential mortgage loans held for sale | ||||||||||||||||||||
Loans: | ||||||||||||||||||||
Commercial | ||||||||||||||||||||
Commercial real estate | ||||||||||||||||||||
Residential mortgage | ||||||||||||||||||||
Personal | ||||||||||||||||||||
Total loans | ||||||||||||||||||||
Allowance for loan losses | ( | ) | ||||||||||||||||||
Loans, net of allowance | ||||||||||||||||||||
Mortgage servicing rights | ||||||||||||||||||||
Derivative instruments with positive fair value, net of cash collateral | ||||||||||||||||||||
Deposits with no stated maturity | ||||||||||||||||||||
Time deposits | ||||||||||||||||||||
Other borrowed funds | ||||||||||||||||||||
Subordinated debentures | ||||||||||||||||||||
Derivative instruments with negative fair value, net of cash collateral |
Carrying Value | Estimated Fair Value | Quoted Prices in Active Markets for Identical Instruments (Level 1) | Significant Other Observable Inputs (Level 2) | Significant Unobservable Inputs (Level 3) | ||||||||||||||||
Cash and due from banks | $ | $ | $ | $ | $ | |||||||||||||||
Interest-bearing cash and cash equivalents | ||||||||||||||||||||
Trading securities: | ||||||||||||||||||||
U.S. government agency debentures | ||||||||||||||||||||
U.S. government agency residential mortgage-backed securities | ||||||||||||||||||||
Municipal and other tax-exempt securities | ||||||||||||||||||||
Asset-backed securities | ||||||||||||||||||||
Other trading securities | ||||||||||||||||||||
Total trading securities | ||||||||||||||||||||
Investment securities: | ||||||||||||||||||||
Municipal and other tax-exempt securities | ||||||||||||||||||||
U.S. government agency residential mortgage-backed securities | ||||||||||||||||||||
Other debt securities | ||||||||||||||||||||
Total investment securities | ||||||||||||||||||||
Available for sale securities: | ||||||||||||||||||||
U.S. Treasury | ||||||||||||||||||||
Municipal and other tax-exempt securities | ||||||||||||||||||||
Residential agency mortgage-backed securities | ||||||||||||||||||||
Residential non-agency mortgage-backed securities | ||||||||||||||||||||
Commercial agency mortgage-backed securities | ||||||||||||||||||||
Other debt securities | ||||||||||||||||||||
Total available for sale securities | ||||||||||||||||||||
Fair value option securities – U.S. government agency residential mortgage-backed securities | ||||||||||||||||||||
Residential mortgage loans held for sale | ||||||||||||||||||||
Loans: | ||||||||||||||||||||
Commercial | ||||||||||||||||||||
Commercial real estate | ||||||||||||||||||||
Residential mortgage | ||||||||||||||||||||
Personal | ||||||||||||||||||||
Total loans | ||||||||||||||||||||
Allowance for loan losses | ( | ) | ||||||||||||||||||
Loans, net of allowance | ||||||||||||||||||||
Mortgage servicing rights | ||||||||||||||||||||
Derivative instruments with positive fair value, net of cash collateral | ||||||||||||||||||||
Deposits with no stated maturity | ||||||||||||||||||||
Time deposits | ||||||||||||||||||||
Other borrowed funds | ||||||||||||||||||||
Subordinated debentures | ||||||||||||||||||||
Derivative instruments with negative fair value, net of cash collateral |
Quarterly Financial Summary – Unaudited Consolidated Daily Average Balances, Average Yields and Rates | ||||||||||||||||||||||
(In Thousands, Except Per Share Data) | Three Months Ended | |||||||||||||||||||||
March 31, 2019 | December 31, 2018 | |||||||||||||||||||||
Average Balance | Revenue/ Expense | Yield/ Rate | Average Balance | Revenue/ Expense | Yield/ Rate | |||||||||||||||||
Assets | ||||||||||||||||||||||
Interest-bearing cash and cash equivalents | $ | 537,903 | $ | 3,397 | 2.56 | % | $ | 563,132 | $ | 3,170 | 2.23 | % | ||||||||||
Trading securities | 1,968,399 | 18,790 | 3.88 | % | 1,929,601 | 19,636 | 4.10 | % | ||||||||||||||
Investment securities | 343,282 | 4,481 | 5.22 | % | 364,737 | 3,887 | 4.26 | % | ||||||||||||||
Available for sale securities | 8,883,054 | 56,881 | 2.57 | % | 8,704,963 | 55,085 | 2.51 | % | ||||||||||||||
Fair value option securities | 594,349 | 5,237 | 3.62 | % | 277,575 | 2,578 | 3.56 | % | ||||||||||||||
Restricted equity securities | 395,432 | 6,345 | 6.42 | % | 362,729 | 5,798 | 6.39 | % | ||||||||||||||
Residential mortgage loans held for sale | 145,040 | 1,663 | 4.58 | % | 179,553 | 1,795 | 4.00 | % | ||||||||||||||
Loans | 21,766,065 | 282,428 | 5.26 | % | 21,579,331 | 276,711 | 5.09 | % | ||||||||||||||
Allowance for loan losses | (206,092 | ) | (209,613 | ) | ||||||||||||||||||
Loans, net of allowance | 21,559,973 | 282,428 | 5.31 | % | 21,369,718 | 276,711 | 5.14 | % | ||||||||||||||
Total earning assets | 34,427,432 | 379,222 | 4.46 | % | 33,752,008 | 368,660 | 4.33 | % | ||||||||||||||
Receivable on unsettled securities sales | 1,224,700 | 799,548 | ||||||||||||||||||||
Cash and other assets | 4,020,549 | 3,834,187 | ||||||||||||||||||||
Total assets | $ | 39,672,681 | $ | 38,385,743 | ||||||||||||||||||
Liabilities and equity | ||||||||||||||||||||||
Interest-bearing deposits: | ||||||||||||||||||||||
Transaction | $ | 11,931,539 | $ | 27,704 | 0.94 | % | $ | 11,773,651 | $ | 23,343 | 0.79 | % | ||||||||||
Savings | 541,575 | 160 | 0.12 | % | 526,275 | 148 | 0.11 | % | ||||||||||||||
Time | 2,153,277 | 9,553 | 1.80 | % | 2,146,786 | 8,309 | 1.54 | % | ||||||||||||||
Total interest-bearing deposits | 14,626,391 | 37,417 | 1.04 | % | 14,446,712 | 31,800 | 0.87 | % | ||||||||||||||
Funds purchased and repurchase agreements | 2,033,036 | 10,356 | 2.07 | % | 1,205,568 | 4,135 | 1.36 | % | ||||||||||||||
Other borrowings | 7,040,279 | 46,454 | 2.68 | % | 6,361,141 | 40,220 | 2.51 | % | ||||||||||||||
Subordinated debentures | 275,882 | 3,745 | 5.51 | % | 276,378 | 3,752 | 5.38 | % | ||||||||||||||
Total interest-bearing liabilities | 23,975,588 | 97,972 | 1.66 | % | 22,289,799 | 79,907 | 1.42 | % | ||||||||||||||
Non-interest bearing demand deposits | 9,988,088 | 10,648,683 | ||||||||||||||||||||
Due on unsettled securities purchases | 453,937 | 493,887 | ||||||||||||||||||||
Other liabilities | 775,574 | 610,286 | ||||||||||||||||||||
Total equity | 4,479,494 | 4,343,088 | ||||||||||||||||||||
Total liabilities and equity | $ | 39,672,681 | $ | 38,385,743 | ||||||||||||||||||
Tax-equivalent Net Interest Revenue | $ | 281,250 | 2.80 | % | $ | 288,753 | 2.91 | % | ||||||||||||||
Tax-equivalent Net Interest Revenue to Earning Assets | 3.30 | % | 3.40 | % | ||||||||||||||||||
Less tax-equivalent adjustment | 3,148 | 3,067 | ||||||||||||||||||||
Net Interest Revenue | 278,102 | 285,686 | ||||||||||||||||||||
Provision for credit losses | 8,000 | 9,000 | ||||||||||||||||||||
Other operating revenue | 157,270 | 136,455 | ||||||||||||||||||||
Other operating expense | 287,157 | 284,643 | ||||||||||||||||||||
Income before taxes | 140,215 | 128,498 | ||||||||||||||||||||
Federal and state income taxes | 29,950 | 20,121 | ||||||||||||||||||||
Net income | 110,265 | 108,377 | ||||||||||||||||||||
Net income (loss) attributable to non-controlling interests | (347 | ) | (79 | ) | ||||||||||||||||||
Net income attributable to BOK Financial Corp. shareholders | $ | 110,612 | $ | 108,456 | ||||||||||||||||||
Earnings Per Average Common Share Equivalent: | ||||||||||||||||||||||
Basic | $ | 1.54 | $ | 1.50 | ||||||||||||||||||
Diluted | $ | 1.54 | $ | 1.50 |
Three Months Ended | |||||||||||||||||||||||||||||||
September 30, 2018 | June 30, 2018 | March 31, 2018 | |||||||||||||||||||||||||||||
Average Balance | Revenue /Expense | Yield / Rate | Average Balance | Revenue / Expense | Yield / Rate | Average Balance | Revenue / Expense | Yield / Rate | |||||||||||||||||||||||
$ | 688,872 | $ | 3,441 | 1.98 | % | $ | 1,673,387 | $ | 7,740 | 1.86 | % | $ | 2,059,517 | $ | 7,982 | 1.57 | % | ||||||||||||||
1,762,794 | 17,419 | 3.98 | % | 1,482,302 | 13,084 | 3.63 | % | 933,404 | 7,809 | 3.40 | % | ||||||||||||||||||||
379,566 | 3,856 | 4.06 | % | 399,088 | 3,941 | 3.95 | % | 441,207 | 4,164 | 3.78 | % | ||||||||||||||||||||
8,129,214 | 48,916 | 2.37 | % | 8,163,142 | 47,463 | 2.30 | % | 8,236,938 | 46,008 | 2.23 | % | ||||||||||||||||||||
469,398 | 3,881 | 3.25 | % | 487,192 | 3,927 | 3.16 | % | 626,251 | 4,819 | 2.95 | % | ||||||||||||||||||||
328,842 | 5,232 | 6.36 | % | 348,546 | 5,408 | 6.21 | % | 349,176 | 5,117 | 5.86 | % | ||||||||||||||||||||
207,488 | 2,151 | 4.27 | % | 218,600 | 2,333 | 4.28 | % | 199,380 | 1,844 | 3.71 | % | ||||||||||||||||||||
18,203,785 | 220,245 | 4.80 | % | 17,751,242 | 212,266 | 4.80 | % | 17,261,481 | 189,674 | 4.45 | % | ||||||||||||||||||||
(214,160 | ) | (222,856 | ) | (228,996 | ) | ||||||||||||||||||||||||||
17,989,625 | 220,245 | 4.86 | % | 17,528,386 | 212,266 | 4.86 | % | 17,032,485 | 189,674 | 4.51 | % | ||||||||||||||||||||
29,955,799 | 305,141 | 4.04 | % | 30,301,191 | 296,162 | 3.91 | % | 29,878,358 | 267,417 | 3.61 | % | ||||||||||||||||||||
768,785 | 618,240 | 998,803 | |||||||||||||||||||||||||||||
2,971,233 | 2,986,604 | 2,847,791 | |||||||||||||||||||||||||||||
$ | 33,695,817 | $ | 33,906,035 | $ | 33,724,952 | ||||||||||||||||||||||||||
$ | 10,010,031 | $ | 17,029 | 0.67 | % | $ | 10,189,354 | $ | 13,993 | 0.55 | % | $ | 10,344,469 | $ | 11,494 | 0.45 | % | ||||||||||||||
503,821 | 108 | 0.09 | % | 503,671 | 95 | 0.08 | % | 480,110 | 88 | 0.07 | % | ||||||||||||||||||||
2,097,441 | 7,398 | 1.40 | % | 2,138,880 | 6,875 | 1.29 | % | 2,151,044 | 6,637 | 1.25 | % | ||||||||||||||||||||
12,611,293 | 24,535 | 0.77 | % | 12,831,905 | 20,963 | 0.66 | % | 12,975,623 | 18,219 | 0.57 | % | ||||||||||||||||||||
1,193,583 | 3,768 | 1.25 | % | 593,250 | 782 | 0.53 | % | 532,412 | 522 | 0.40 | % | ||||||||||||||||||||
5,765,440 | 32,036 | 2.20 | % | 6,497,020 | 31,825 | 1.96 | % | 6,326,967 | 24,927 | 1.60 | % | ||||||||||||||||||||
144,702 | 2,025 | 5.55 | % | 144,692 | 2,047 | 5.67 | % | 144,682 | 2,003 | 5.61 | % | ||||||||||||||||||||
19,715,018 | 62,364 | 1.25 | % | 20,066,867 | 55,617 | 1.11 | % | 19,979,684 | 45,671 | 0.93 | % | ||||||||||||||||||||
9,325,002 | 9,223,327 | 9,151,272 | |||||||||||||||||||||||||||||
544,263 | 527,804 | 558,898 | |||||||||||||||||||||||||||||
496,634 | 575,865 | 556,524 | |||||||||||||||||||||||||||||
3,614,900 | 3,512,172 | 3,478,574 | |||||||||||||||||||||||||||||
$ | 33,695,817 | $ | 33,906,035 | $ | 33,724,952 | ||||||||||||||||||||||||||
$ | 242,777 | 2.79 | % | $ | 240,545 | 2.80 | % | $ | 221,746 | 2.68 | % | ||||||||||||||||||||
3.21 | % | 3.17 | % | 2.99 | % | ||||||||||||||||||||||||||
1,894 | 1,983 | 2,010 | |||||||||||||||||||||||||||||
240,883 | 238,562 | 219,736 | |||||||||||||||||||||||||||||
4,000 | — | (5,000 | ) | ||||||||||||||||||||||||||||
167,941 | 156,399 | 155,989 | |||||||||||||||||||||||||||||
252,617 | 246,476 | 244,430 | |||||||||||||||||||||||||||||
152,207 | 148,485 | 136,295 | |||||||||||||||||||||||||||||
34,662 | 33,330 | 30,948 | |||||||||||||||||||||||||||||
117,545 | 115,155 | 105,347 | |||||||||||||||||||||||||||||
289 | 783 | (215 | ) | ||||||||||||||||||||||||||||
$ | 117,256 | $ | 114,372 | $ | 105,562 | ||||||||||||||||||||||||||
$ | 1.79 | $ | 1.75 | $ | 1.61 | ||||||||||||||||||||||||||
$ | 1.79 | $ | 1.75 | $ | 1.61 |
Three Months Ended | ||||||||||||||||||||
Mar. 31, 2019 | Dec. 31, 2018 | Sept. 30, 2018 | June 30, 2018 | Mar. 31, 2018 | ||||||||||||||||
Interest revenue | $ | 376,074 | $ | 365,592 | $ | 303,247 | $ | 294,180 | $ | 265,407 | ||||||||||
Interest expense | 97,972 | 79,906 | 62,364 | 55,618 | 45,671 | |||||||||||||||
Net interest revenue | 278,102 | 285,686 | 240,883 | 238,562 | 219,736 | |||||||||||||||
Provision for credit losses | 8,000 | 9,000 | 4,000 | — | (5,000 | ) | ||||||||||||||
Net interest revenue after provision for credit losses | 270,102 | 276,686 | 236,883 | 238,562 | 224,736 | |||||||||||||||
Other operating revenue | ||||||||||||||||||||
Brokerage and trading revenue | 31,617 | 28,101 | 23,086 | 26,488 | 30,648 | |||||||||||||||
Transaction card revenue | 20,738 | 20,664 | 21,396 | 20,975 | 20,990 | |||||||||||||||
Fiduciary and asset management revenue | 43,358 | 43,665 | 57,514 | 41,692 | 41,832 | |||||||||||||||
Deposit service charges and fees | 28,243 | 29,393 | 27,765 | 27,834 | 27,161 | |||||||||||||||
Mortgage banking revenue | 23,834 | 21,880 | 23,536 | 26,346 | 26,025 | |||||||||||||||
Other revenue | 12,762 | 16,404 | 12,900 | 13,923 | 12,958 | |||||||||||||||
Total fees and commissions | 160,552 | 160,107 | 166,197 | 157,258 | 159,614 | |||||||||||||||
Other gains (losses), net | 2,976 | (8,305 | ) | 2,754 | 4,578 | (1,292 | ) | |||||||||||||
Gain (loss) on derivatives, net | 4,667 | 11,167 | (2,847 | ) | (3,057 | ) | (5,685 | ) | ||||||||||||
Gain (loss) on fair value option securities, net | 9,665 | (282 | ) | (4,385 | ) | (3,341 | ) | (17,564 | ) | |||||||||||
Change in fair value of mortgage servicing rights | (20,666 | ) | (24,233 | ) | 5,972 | 1,723 | 21,206 | |||||||||||||
Gain (loss) on available for sale securities, net | 76 | (1,999 | ) | 250 | (762 | ) | (290 | ) | ||||||||||||
Total other operating revenue | 157,270 | 136,455 | 167,941 | 156,399 | 155,989 | |||||||||||||||
Other operating expense | ||||||||||||||||||||
Personnel | 169,228 | 160,706 | 143,531 | 138,947 | 139,947 | |||||||||||||||
Business promotion | 7,874 | 9,207 | 7,620 | 7,686 | 6,010 | |||||||||||||||
Charitable contributions to BOKF Foundation | — | 2,846 | — | — | — | |||||||||||||||
Professional fees and services | 16,139 | 20,712 | 13,209 | 14,978 | 10,200 | |||||||||||||||
Net occupancy and equipment | 29,521 | 27,780 | 23,394 | 22,761 | 24,046 | |||||||||||||||
Insurance | 4,839 | 4,248 | 6,232 | 6,245 | 6,593 | |||||||||||||||
Data processing and communications | 31,449 | 27,575 | 31,665 | 27,739 | 27,817 | |||||||||||||||
Printing, postage and supplies | 4,885 | 5,232 | 3,837 | 4,011 | 4,089 | |||||||||||||||
Net losses (gains) and operating expenses of repossessed assets | 1,996 | 2,581 | 4,044 | 2,722 | 7,705 | |||||||||||||||
Amortization of intangible assets | 5,191 | 5,331 | 1,603 | 1,386 | 1,300 | |||||||||||||||
Mortgage banking costs | 9,906 | 11,518 | 11,741 | 12,890 | 10,149 | |||||||||||||||
Other expense | 6,129 | 6,907 | 5,741 | 7,111 | 6,574 | |||||||||||||||
Total other operating expense | 287,157 | 284,643 | 252,617 | 246,476 | 244,430 | |||||||||||||||
Net income before taxes | 140,215 | 128,498 | 152,207 | 148,485 | 136,295 | |||||||||||||||
Federal and state income taxes | 29,950 | 20,121 | 34,662 | 33,330 | 30,948 | |||||||||||||||
Net income | 110,265 | 108,377 | 117,545 | 115,155 | 105,347 | |||||||||||||||
Net income (loss) attributable to non-controlling interests | (347 | ) | (79 | ) | 289 | 783 | (215 | ) | ||||||||||||
Net income attributable to BOK Financial Corporation shareholders | $ | 110,612 | $ | 108,456 | $ | 117,256 | $ | 114,372 | $ | 105,562 | ||||||||||
Earnings per share: | ||||||||||||||||||||
Basic | $1.54 | $1.50 | $1.79 | $1.75 | $1.61 | |||||||||||||||
Diluted | $1.54 | $1.50 | $1.79 | $1.75 | $1.61 | |||||||||||||||
Average shares used in computation: | ||||||||||||||||||||
Basic | 71,387,070 | 71,808,029 | 64,901,095 | 64,901,975 | 64,847,334 | |||||||||||||||
Diluted | 71,404,388 | 71,833,334 | 64,934,351 | 64,937,226 | 64,888,033 |
Period | Total Number of Shares Purchased2 | Average Price Paid per Share | Total Number of Shares Purchased as Part of Publicly Announced Plans or Programs1 | Maximum Number of Shares that May Yet Be Purchased Under the Plans | |||||||||
January 1 to January 31, 2019 | 18,117 | $ | 79.33 | — | 1,424,917 | ||||||||
February 1 to February 28, 2019 | 555,609 | $ | 87.54 | 555,609 | 869,308 | ||||||||
March 1 to March 31, 2019 | 150,000 | $ | 79.58 | 150,000 | 719,308 | ||||||||
Total | 723,726 | 705,609 |
1 | On October 1, 2015, the Company's board of directors authorized the Company to repurchase up to five million shares of the Company's common stock. As of March 31, 2019, the Company had repurchased 4,280,692 shares under this plan. Future repurchases of the Company's common stock will vary based on market conditions, regulatory limitations and other factors. |
2 | The Company routinely repurchases mature shares from employees to cover the exercise price and taxes in connection with employee equity compensation. |
31.1 |
31.2 |
32 |
101 | Interactive data files pursuant to Rule 405 of Regulation S-T: (i) the Consolidated Balance Sheets, (ii) the Consolidated Statements of Earnings, (iii) the Consolidated Statements of Changes in Equity, (iv) the Consolidated Statement of Cash Flows and (v) the Notes to Consolidated Financial Statements. The XBRL instance document does not appear in the Interactive Data File because its XBRL tags are embedded within the Inline XBRL document. |
/s/ Steven E. Nell |
Steven E. Nell |
Executive Vice President and |
Chief Financial Officer |
/s/ John C. Morrow |
John C. Morrow |
Senior Vice President and |
Chief Accounting Officer |
1. | I have reviewed this Quarterly Report on Form 10-Q of BOK Financial; |
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(s) 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; and |
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. |
/s/ Steven G. Bradshaw |
Steven G. Bradshaw |
President |
Chief Executive Officer |
BOK Financial Corporation |
1. | I have reviewed this Quarterly Report on Form 10-Q of BOK Financial; |
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(s) 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; and |
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. |
/s/ Steven E. Nell |
Steven E. Nell |
Executive Vice President |
Chief Financial Officer |
BOK Financial Corporation |
1. | The Report fully complies with the requirements of Section 13(a) or 15(d) of the Securities Exchange Act of 1934; and |
2. | The information contained in the Report fairly presents, in all material respects, the financial condition and results of operations of BOK Financial as of, and for, the periods presented. |
/s/ Steven G. Bradshaw |
Steven G. Bradshaw |
President |
Chief Executive Officer |
BOK Financial Corporation |
/s/ Steven E. Nell |
Steven E. Nell |
Executive Vice President |
Chief Financial Officer |
BOK Financial Corporation |
Document And Entity Information - USD ($) |
3 Months Ended | |
---|---|---|
Mar. 31, 2019 |
Jun. 30, 2018 |
|
Document and Entity Information [Abstract] | ||
Entity Registrant Name | BOK FINANCIAL CORP ET AL | |
Entity Central Index Key | 0000875357 | |
Current Fiscal Year End Date | --12-31 | |
Entity Emerging Growth Company | false | |
Entity Small Business | false | |
Entity Current Reporting Status | Yes | |
Entity Filer Category | Large Accelerated Filer | |
Entity Public Float | $ 2,441,480,672 | |
Entity Common Stock, Shares Outstanding | 71,449,982 | |
Document Fiscal Year Focus | 2019 | |
Document Fiscal Period Focus | Q1 | |
Document Type | 10-Q | |
Amendment Flag | false | |
Document Period End Date | Mar. 31, 2019 |
Consolidated Statements of Comprehensive Income - USD ($) $ in Thousands |
3 Months Ended | ||||
---|---|---|---|---|---|
Mar. 31, 2019 |
Mar. 31, 2018 |
||||
Statement of Comprehensive Income [Abstract] | |||||
Net income | $ 110,265 | $ 105,347 | |||
Other comprehensive income (loss) before income taxes: | |||||
Net change in unrealized gain (loss) | 92,739 | (97,406) | |||
Reclassification adjustments included in earnings: | |||||
Loss (gain) on available for sale securities, net | (76) | 290 | |||
Other comprehensive income (loss) before income taxes | 92,663 | (97,116) | |||
Federal and state income taxes | 23,609 | (24,808) | [1] | ||
Other comprehensive income (loss), net of income taxes | 69,054 | (72,308) | |||
Comprehensive income | 179,319 | 33,039 | |||
Comprehensive income attributable to non-controlling interests | (347) | (215) | |||
Comprehensive income attributable to BOK Financial Corp. shareholders | $ 179,666 | $ 33,254 | |||
|
Consolidated Balance Sheets (Parenthetical) (Unaudited) - USD ($) $ in Thousands |
Mar. 31, 2019 |
Dec. 31, 2018 |
---|---|---|
Investment securities [Abstract] | ||
Investment Securities, fair value | $ 348,488 | $ 367,298 |
Allowance for real estate and other repossessed assets | $ 12,586 | $ 13,665 |
Shareholders' equity: [Abstract] | ||
Common stock, par value (in dollars per share) | $ 0.00006 | $ 0.00006 |
Common stock, shares authorized (in shares) | 2,500,000,000 | 2,500,000,000 |
Common stock, shares issued (in shares) | 75,762,268 | 75,711,492 |
Common stock, shares outstanding (in shares) | 75,762,268 | 75,711,492 |
Treasury stock, shares at cost (in shares) | 4,312,286 | 3,588,560 |
Significant Accounting Policies |
3 Months Ended |
---|---|
Mar. 31, 2019 | |
Accounting Policies [Abstract] | |
Significant Accounting Policies [Text Block] | Basis of Presentation The accompanying unaudited consolidated financial statements of BOK Financial Corporation (“BOK Financial” or “the Company”) have been prepared in accordance with accounting principles for interim financial information generally accepted in the United States and with the instructions to Form 10-Q and Article 10 of Regulation S-X. Accordingly, they do not include all of the information and footnotes required by generally accepted accounting principles for complete financial statements. In the opinion of management, all adjustments (consisting of normal recurring accruals) considered necessary for a fair presentation have been included. The unaudited consolidated financial statements include accounts of BOK Financial and its subsidiaries, principally BOKF, NA (“the Bank”), BOK Financial Securities, Inc., The Milestone Group, Inc. and Cavanal Hill Investment Management Inc. Operating divisions of the Bank include Bank of Albuquerque, Bank of Arkansas, Bank of Oklahoma, Bank of Texas, BOK Financial in Colorado and Arizona, Mobank, BOK Financial Mortgage and the TransFund electronic funds network. Certain reclassifications have been made to conform to the current period presentation. The financial information should be read in conjunction with BOK Financial’s 2018 Form 10-K filed with the Securities and Exchange Commission, which contains audited financial statements. Amounts presented as of December 31, 2018 have been derived from the audited financial statements included in BOK Financial’s 2018 Form 10-K but do not include all of the information and footnotes required by generally accepted accounting principles for complete financial statements. Operating results for the three-month period ended March 31, 2019 are not necessarily indicative of the results that may be expected for the year ending December 31, 2019. Newly Adopted and Pending Accounting Policies Financial Accounting Standards Board (“FASB”) FASB Accounting Standards Update No. 2016-02, Leases (Topic 842) ("ASU 2016-02") On February 25, 2016, the FASB issued ASU 2016-02 to increase transparency and comparability by recognizing lease assets and liabilities on the balance sheet and disclosing key information about leasing arrangements. Lessees are required to recognize an obligation for future lease payments measured on a discounted basis and a right-of-use asset. The Company adopted the new standard January 1, 2019 through a cumulative effect adjustment to retained earnings. Prior periods were not restated. BOKF elected to apply all practical expedients other than the lessee’s practical expedient to combine lease and non-lease components which would further gross up lease liability and the related right-of-use asset. The implementation of ASU 2016-02 increased the reported right-of-use asset and lease liability by $137 million. The effect on retained earnings was immaterial. FASB Accounting Standards Update No. 2016-13, Financial Instruments - Credit Losses (Topic 326): Assets Measured at Amortized Cost ("ASU 2016-13") On June 16, 2016, the FASB issued ASU 2016-13 to provide more timely recording of credit losses on loans and other financial assets measured at amortized cost, effective for the Company for annual reporting periods beginning after December 15, 2019, including interim periods within those fiscal years. The Company has established a CECL implementation team to evaluate the impact to the Company's financial statements. The CECL implementation team, overseen by the Chief Credit Officer, Chief Financial Officer, and Chief Risk Officer, has developed a project plan that incorporates input from various departments within the bank including Credit, Financial Reporting, Risk, and Information Technology among others. The Audit Committee and Credit Committee of the Board of Directors is periodically updated on project progress. Key implementation activities for 2019 include model validation and quarterly parallel runs with development of governance, control, and disclosure frameworks. The Company will adopt the standard on January 1, 2020 through a cumulative-effect adjustment to retained earnings. The impact of adoption will depend on the composition of the loan and securities portfolios as well as current and expected economic conditions at that time. FASB Accounting Standards Update No. 2019-01, Leases (Topic 842): Codification Improvements ("ASU 2019-01") |
Securities |
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Marketable Securities [Abstract] | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Securities [Text Block] | Securities Trading Securities The fair value and net unrealized gain (loss) included in trading securities are as follows (in thousands):
Investment Securities The amortized cost and fair values of investment securities are as follows (in thousands):
The amortized cost and fair values of investment securities at March 31, 2019, by contractual maturity, are as shown in the following table (dollars in thousands):
Available for Sale Securities The amortized cost and fair value of available for sale securities are as follows (in thousands):
The amortized cost and fair values of available for sale securities at March 31, 2019, by contractual maturity, are as shown in the following table (dollars in thousands):
Sales of available for sale securities resulted in gains and losses as follows (in thousands):
The fair value of debt securities pledged as collateral for repurchase agreements, public trust funds on deposit and for other purposes, as required by law was $10.3 billion at March 31, 2019 and $9.1 billion at December 31, 2018. The secured parties do not have the right to sell or repledge these securities. Temporarily Impaired Securities as of March 31, 2019 (in thousands):
Temporarily Impaired Securities as of December 31, 2018 (In thousands)
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Derivatives |
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Derivative Instrument Detail [Abstract] | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Derivatives [Text Block] | Derivatives Derivative instruments may be used by the Company as part of its internal risk management programs or may be offered to customers. All derivative instruments are carried at fair value and changes in fair value are reported in earnings as they occur. Credit risk is also considered in determining fair value. Deterioration in the credit rating of customer or other counterparties reduced the fair value of asset contracts. Deterioration of our credit rating could decrease the fair value of our derivative liabilities. When bilateral netting agreements or similar arrangements exist between the Company and its counterparties that create a single legal claim or obligation to pay or receive the net amount in settlement of the individual derivative contracts, the Company reports derivative assets and liabilities on a net by derivative contract type by counterparty basis. Derivative contracts may require the Company to provide or receive cash margin as collateral for derivative assets and liabilities. Derivative assets and liabilities are reported net of cash margin when certain conditions are met. In addition, derivative contracts executed with customers under Customer Risk Management Programs may be secured by non-cash collateral in conjunction with a credit agreement with that customer. Access to collateral in the event of default is reasonably assured. None of these derivative contracts have been designated as hedging instruments for accounting purposes. Customer Risk Management Programs BOK Financial offers programs to permit its customers to manage various risks, including fluctuations in energy, cattle and other agricultural products, interest rates and foreign exchange rates with derivative contracts. Customers may also manage interest rate risk through interest rate swaps used by borrowers to modify interest rate terms of their loans or to-be-announced securities used by mortgage banking customers to hedge their loan production. Derivative contracts are executed between the customers and BOK Financial. Offsetting contracts are executed between BOK Financial and other selected counterparties to minimize the risk of changes in commodity prices, interest rates or foreign exchange rates. The counterparty contracts are identical to customer contracts, except for a fixed pricing spread or fee paid to BOK Financial as profit and compensation for administrative costs and credit risk which is recognized over the life of the contracts and included in Other operating revenue – Brokerage and trading revenue in the Consolidated Statements of Earnings. Internal Risk Management Programs BOK Financial may use derivative contracts in managing its interest rate sensitivity, as part of its economic hedge of the change in the fair value of mortgage servicing rights and to mitigate the market risk of holding trading securities. Changes in the fair value of derivative instruments used in managing interest rate sensitivity and as part of the economic hedge of changes in the fair value of mortgage servicing rights are included in Other operating revenue – Gain (loss) on derivatives, net in the Consolidated Statements of Earnings. Changes in the fair value of derivative instruments used to mitigate the market risk of holding trading securities are included in Other operating revenue – Brokerage and trading revenue. As discussed in Note 6, certain derivative contracts not designated as hedging instruments related to mortgage loan commitments and forward sales contracts are included in Residential mortgage loans held for sale on the Consolidated Balance Sheets. See Note 6 for additional discussion of notional, fair value and impact on earnings of these contracts. The following table summarizes the fair values of derivative contracts recorded as “derivative contracts” assets and liabilities in the balance sheet at March 31, 2019 (in thousands):
The following table summarizes the fair values of derivative contracts recorded as “derivative contracts” assets and liabilities in the balance sheet at December 31, 2018 (in thousands):
The following summarizes the pre-tax net gains (losses) on derivative instruments and where they are recorded in the income statement (in thousands):
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Loans and Allowances for Credit Losses |
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Loans Receivable, Net [Abstract] | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Loans [Text Block] | Loans and Allowances for Credit Losses Loans Loans are either secured or unsecured based on the type of loan and the financial condition of the borrower. Repayment is generally expected from cash flow or proceeds from the sale of selected assets of the borrower. BOK Financial is exposed to risk of loss on loans due to the borrower’s difficulties, which may arise from any number of factors, including problems within the respective industry or local economic conditions. Access to collateral, in the event of borrower default, is reasonably assured through adherence to applicable lending laws and through sound lending standards and credit review procedures. Accounting policies for all loans, excluding residential mortgage loans guaranteed by U.S. government agencies, are as follows. Interest is accrued at the applicable interest rate on the principal amount outstanding. Loans are placed on nonaccruing status when, in the opinion of management, full collection of principal or interest is uncertain. Internally risk graded loans are individually evaluated for nonaccruing status quarterly. Non-risk graded loans are generally placed on nonaccruing status when more than 90 days past due or within 60 days of being notified of the borrower's bankruptcy filing. Interest previously accrued but not collected is charged against interest income when the loan is placed on nonaccruing status. Payments on nonaccruing loans are applied to principal or recognized as interest income, according to management’s judgment as to the collectability of principal. Loans may be returned to accruing status when, in the opinion of management, full collection of principal and interest, including principal previously charged off, is probable based on improvements in the borrower’s financial condition or a sustained period of performance. Loans to borrowers experiencing financial difficulties may be modified in troubled debt restructurings ("TDRs"). All TDRs are classified as nonaccruing, excluding loans guaranteed by U.S. government agencies. Modifications generally consist of extension of payment terms or interest rate concessions and may result either voluntarily through negotiations with the borrower or involuntarily through court order. Generally, principal and accrued but unpaid interest is not voluntarily forgiven. Performing loans may be renewed under the current collateral value, debt service ratio and other underwriting standards. Nonaccruing loans may be renewed and will remain classified as nonaccruing. Occasionally, loans, other than residential mortgage loans, may be held for sale in order to manage credit concentration. These loans are carried at the lower of cost or fair value with gains or losses recognized in other gains (losses), net in the Statements of Earnings. All loans are charged off when the loan balance or a portion of the loan balance is no longer supported by the paying capacity of the borrower or when the required cash flow is reduced in a TDR. The charge-off amount is determined through a quarterly evaluation of available cash resources and collateral value and charge-offs are taken in the quarter in which the loss is identified. Non-risk graded loans that are past due between 60 days and 180 days, based on the loan product type, are charged off. Loans to borrowers whose personal obligation has been discharged through Chapter 7 bankruptcy proceedings are charged off within 60 days of notice of the bankruptcy filing, regardless of payment status. Loan origination and commitment fees and direct loan acquisition and origination costs are deferred and amortized as an adjustment to yield over the life of the loan or over the commitment period, as applicable. Amortization does not anticipate loan prepayments. Net unamortized fees are recognized in full at time of payoff. Qualifying residential mortgage loans guaranteed by U.S. government agencies have been sold into GNMA pools. Under certain performance conditions specified in government programs, the Company may have the right, but not the obligation to repurchase loans from GNMA pools. These loans no longer qualify for sale accounting and are recognized in the Consolidated Balance Sheets. Guaranteed loans are considered impaired because we do not expect to receive all principal and interest based on the loan's contractual terms. The original principal guarantee remains; however, interest accrues at a curtailed rate as specified in the programs. The carrying value of these loans is reduced based on an estimate of the expected cash flows discounted at the original note rate plus a liquidity spread. Guaranteed loans may be modified in TDRs in accordance with U.S. government agency guidelines. Interest continues to accrue based on the modified rate. Guaranteed loans may either be resold into GNMA pools after a performance period specified by the programs or foreclosed and conveyed to the guarantors. Loans are disaggregated into portfolio segments and further disaggregated into classes. The portfolio segment is the level at which the Company develops and documents a systematic method for determining its allowance for credit losses. Classes are a further disaggregation of portfolio segments based on the risk characteristics of the loans and the Company’s method for monitoring and assessing credit risk. Portfolio segments of the loan portfolio are as follows (in thousands):
Credit Commitments Commitments to extend credit are agreements to lend to a customer as long as there is no violation of conditions established in the contract. Commitments generally have fixed expiration dates or other termination clauses and may require payment of a fee. At March 31, 2019, outstanding commitments totaled $12 billion. Because some commitments are expected to expire before being drawn upon, the total commitment amounts do not necessarily represent future cash requirements. BOK Financial uses the same credit policies in making commitments as it does loans. The amount of collateral obtained, if deemed necessary, is based upon management’s credit evaluation of the borrower. Standby letters of credit are conditional commitments issued to guarantee the performance of a customer to a third party. Because the credit risk involved in issuing standby letters of credit is essentially the same as that involved in extending loan commitments, BOK Financial uses the same credit policies in evaluating the creditworthiness of the customer. Additionally, BOK Financial uses the same evaluation process in obtaining collateral on standby letters of credit as it does for loan commitments. The term of these standby letters of credit is defined in each commitment and typically corresponds with the underlying loan commitment. At March 31, 2019, outstanding standby letters of credit totaled $720 million. Allowances for Credit Losses BOK Financial maintains an allowance for loan losses and an accrual for off-balance sheet credit risk. The accrual for off-balance sheet credit risk is maintained at a level that is appropriate to cover estimated losses associated with credit instruments that are not currently recognized as assets such as loan commitments, standby letters of credit or guarantees. As discussed in greater detail in Note 6, the Company also has separate accruals for off-balance sheet credit risk related to residential mortgage loans previously sold with full or partial recourse and for residential mortgage loans sold to government sponsored agencies under standard representations and warranties. The appropriateness of the allowance for loan losses and accrual for off-balance sheet credit losses (collectively "allowance for credit losses") is assessed by management based on an ongoing quarterly evaluation of the probable estimated losses inherent in the portfolio, including probable losses on both outstanding loans and unused commitments. The allowance for loan losses consists of specific allowances attributed to impaired loans that have not yet been charged down to amounts we expect to recover, general allowances for unimpaired loans based on estimated loss rates by loan class and nonspecific allowances based on general economic conditions, risk concentration and related factors. There have been no material changes in the approach or techniques utilized in developing the allowance for loan losses and the accrual for off-balance sheet credit losses for the three months ended March 31, 2019. Loans are considered to be impaired when it becomes probable that BOK Financial will be unable to collect all amounts due according to the contractual terms of the loan agreements. Internally risk graded loans are evaluated individually for impairment. Substantially all commercial and commercial real estate loans and certain residential mortgage and consumer loans are risk graded based on evaluation of the borrowers' ability to repay. Certain commercial loans and most residential mortgage and consumer loans are small balance, homogeneous pools of loans that are not risk graded. Non-risk graded loans are identified as impaired based on performance status. Generally, non-risk graded loans 90 days or more past due or modified in a TDR or in bankruptcy are considered to be impaired. Specific allowances for impaired loans are measured by an evaluation of estimated future cash flows discounted at the loans’ initial effective interest rate or the fair value of collateral for certain collateral dependent loans. Collateral value of real property is generally based on third party appraisals that conform to Uniform Standards of Professional Appraisal Practice, less estimated selling costs. Appraised values are on an "as-is" basis and are generally not adjusted by the Company. Updated appraisals are obtained at least annually or more frequently if market conditions indicate collateral values have declined. Collateral value of mineral rights is generally determined by our internal staff of engineers based on projected cash flows under current market conditions. Collateral values and available cash resources that support impaired loans are evaluated quarterly. Historical statistics may be used as a practical way to estimate impairment in limited situations, such as when a collateral dependent loan is identified as impaired at the end of a reporting period, until an updated appraisal of collateral value is received or a full assessment of future cash flows is completed. Estimates of future cash flows and collateral values require significant judgments and may be volatile. General allowances for unimpaired loans are based on estimated loss rates by loan class. The gross loss rate for each loan class is determined by the greater of the current gross loss rate based on the most recent twelve months or a ten-year gross loss rate. Recoveries are not directly considered in the estimation of loss rates. Recoveries generally do not follow predictable patterns and are not received until well after the charge-off date as a result of protracted legal actions. For risk graded loans, gross loss rates are adjusted for changes in risk grading. For each loan class, the current weighted average risk grade is compared to the long-term average risk grade. This comparison determines whether credit risk in each loan class is increasing or decreasing. Loss rates are adjusted upward or downward in proportion to changes in average risk grading. General allowances for unimpaired loans also consider inherent risks identified for each loan class. Inherent risks consider loss rates that most appropriately represent the current credit cycle and other factors attributable to specific loan classes which have not yet been represented in the gross loss rates or risk grading. These factors include changes in commodity prices or engineering imprecision, which may affect the value of reserves that secure our energy loan portfolio, construction risk that may affect commercial real estate loans, changes in regulations and public policy that may disproportionately impact health care loans and changes in loan products. Nonspecific allowances are maintained for risks beyond factors specific to a particular loan or loan class. These factors include trends in the economy of our primary lending areas, concentrations in large balance loans and other relevant factors. An accrual for off-balance sheet credit losses is included in Other liabilities in the Consolidated Balance Sheets. The appropriateness of this accrual is determined in the same manner as the allowance for loan losses. A provision for credit losses is charged against or credited to earnings in amounts necessary to maintain an appropriate allowance for credit losses. Recoveries of loans previously charged off are added to the allowance when received. The activity in the allowance for loan losses and the allowance for off-balance sheet credit losses related to loan commitments and standby letters of credit for the three months ended March 31, 2019 is summarized as follows (in thousands):
The activity in the allowance for loan losses and the allowance for off-balance sheet credit losses related to loan commitments and standby letters of credit for the three months ended March 31, 2018 is summarized as follows (in thousands):
The allowance for loan losses and recorded investment of the related loans by portfolio segment for each impairment measurement method at March 31, 2019 is as follows (in thousands):
The allowance for loan losses and recorded investment of the related loans by portfolio segment for each impairment measurement method at December 31, 2018 is as follows (in thousands):
Credit Quality Indicators The Company utilizes loan class and risk grading as primary credit quality indicators. Substantially all commercial and commercial real estate loans and certain residential mortgage and consumer loans are risk graded based on a quarterly evaluation of the borrowers’ ability to repay the loans. Certain commercial loans and most residential mortgage and consumer loans are small, homogeneous pools that are not risk graded. The allowance for loan losses and recorded investment of the related loans by portfolio segment for risk graded and non-risk graded loans at March 31, 2019 is as follows (in thousands):
The allowance for loan losses and recorded investment of the related loans by portfolio segment for risk graded and non-risk graded loans at December 31, 2018 is as follows (in thousands):
Loans are considered to be performing if they are in compliance with the original terms of the agreement and currently exhibit no factors that cause management to have doubts about the borrowers' ability to remain in compliance with the original terms of the agreement, which is consistent with the regulatory guideline of “pass.” Performing loans also include past due residential mortgages that are guaranteed by agencies of the U.S. government that continue to accrue interest based on criteria of the guarantors' programs. Other loans especially mentioned are currently performing in compliance with the original terms of the agreement but may have a potential weakness that deserves management’s close attention, consistent with regulatory guidelines. The risk grading process identified certain loans that have a well-defined weakness (e.g. inadequate debt service coverage or liquidity or marginal capitalization; repayment may depend on collateral or other risk mitigation) that may jeopardize liquidation of the debt and represent a greater risk due to deterioration in the financial condition of the borrower. This is consistent with the regulatory guideline for “substandard.” Because the borrowers are still performing in accordance with the original terms of the loan agreements, these loans were not placed in nonaccruing status. Nonaccruing loans represent loans for which full collection of principal and interest is uncertain. This is substantially the same criteria used to determine whether a loan is impaired and includes certain loans considered “substandard” and all loans considered “doubtful” by regulatory guidelines. The following table summarizes the Company’s loan portfolio at March 31, 2019 by the risk grade categories (in thousands):
The following table summarizes the Company’s loan portfolio at December 31, 2018 by the risk grade categories (in thousands):
Impaired Loans Loans are considered to be impaired when it is probable that the Company will not be able to collect all amounts due according to the contractual terms of the loan agreement. This generally includes all nonaccruing loans, all loans modified in a TDR and all loans repurchased from GNMA pools. A summary of impaired loans at March 31, 2019 follows (in thousands):
2 All permanent mortgage loans guaranteed by U.S. government agencies are considered impaired as we do not expect full collection of contractual principal and interest. At March 31, 2019, the majority were accruing based on the guarantee by U.S. government agencies. Generally, no interest income is recognized on impaired loans until all principal balances, including amounts charged-off, are recovered. A summary of impaired loans at December 31, 2018 follows (in thousands):
Troubled Debt Restructurings At March 31, 2019 the Company had $159 million in troubled debt restructurings (TDRs), of which $92 million were accruing residential mortgage loans guaranteed by U.S. government agencies. Approximately $81 million of TDRs were performing in accordance with the modified terms. At December 31, 2018, the Company had $166 million in TDRs, of which $86 million were accruing residential mortgage loans guaranteed by U.S. government agencies. Approximately $71 million of TDRs were performing in accordance with the modified terms. TDRs generally consist of interest rate concessions, payment stream concessions or a combination of concessions to distressed borrowers. During the three months ended March 31, 2019, $18 million of loans were restructured. During the three months ended March 31, 2018, $37 million of loans were restructured. Nonaccrual & Past Due Loans Past due status for all loan classes is based on the actual number of days since the last payment was due according to the contractual terms of the loans. A summary of loans currently performing, loans past due and accruing and nonaccrual loans as of March 31, 2019 is as follows (in thousands):
A summary of loans currently performing, loans past due and accruing and nonaccrual loans as of December 31, 2018 is as follows (in thousands):
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Leasing Leasing |
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Leases [Abstract] | ||||||||||||||||||||||||||||||||||||
Leases of Lessee Disclosure [Text Block] | Leasing Effective January 1, 2019, premises and equipment included right-of-use assets for leased office space and facilities. Leases are at market rates at inception and may contain escalations based on consumer price index or similar benchmarks and options to renew at then market rates. Renewal options, variable lease payments and residual value guarantees are included in the measurement of right-of-use assets when certain conditions are met. Lease component cash flows are discounted at the applicable FHLB advance rate. Right-of-use assets initially recognized in the first quarter of 2019 were $137 million. The following represents a summary of operating lease activities (dollars in thousands):
At March 31, 2019, un-discounted operating lease liabilities are scheduled to mature as follows: $30.2 million in 2019, $28.4 million in 2020, $25.1 million in 2021, $17.7 million in 2022, $15.3 million in 2023 and $97.6 million thereafter. Operating expense and short term lease costs total $2.4 million for the three months ended March 31, 2019. |
Mortgage Banking Activities |
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Mortgage Banking [Abstract] | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Mortgage Banking Activities [Text Block] | Mortgage Banking Activities Residential Mortgage Loan Production The Company originates, markets and services conventional and government-sponsored residential mortgage loans. Generally, conforming fixed rate residential mortgage loans are held for sale in the secondary market and non-conforming and adjustable-rate residential mortgage loans are retained for investment. Residential mortgage loans originated for sale by the Company are carried at fair value based on sales commitments and market quotes. Changes in the fair value of mortgage loans held for sale are included in Other operating revenue – Mortgage banking revenue. Residential mortgage loans held for sale also includes the fair value of residential mortgage loan commitments and forward sales commitments, which are considered derivative contracts that have not been designated as hedging instruments for accounting purposes. The volume of mortgage loans originated for sale and secondary market prices are the primary drivers of originating and marketing revenue. Residential mortgage loan commitments are generally outstanding for 60 to 90 days, which represents the typical period from commitment to originate a residential mortgage loan to when the closed loan is sold to an investor. Residential mortgage loan commitments are subject to both credit and interest rate risk. Credit risk is managed through underwriting policies and procedures, including collateral requirements, which are generally accepted by the secondary loan markets. Exposure to interest rate fluctuations is partially managed through forward sales of residential mortgage-backed securities and forward sales contracts. These latter contracts set the price for loans that will be delivered in the next 60 to 90 days. The unpaid principal balance of residential mortgage loans held for sale, notional amounts of derivative contracts related to residential mortgage loan commitments and forward contract sales and their related fair values included in Mortgage loans held for sale on the Consolidated Balance Sheets were (in thousands):
No residential mortgage loans held for sale were 90 days or more past due or considered impaired as of March 31, 2019 or December 31, 2018. No credit losses were recognized on residential mortgage loans held for sale for the three month period ended March 31, 2019 and 2018. Mortgage banking revenue was as follows (in thousands):
Production revenue includes gain (loss) on residential mortgage loans held for sale and changes in the fair value of derivative contracts not designated as hedging instruments for accounting purposes related to residential mortgage loan commitments and forward sales contracts. Servicing revenue includes servicing fee income and late charges on loans serviced for others. Residential Mortgage Servicing Mortgage servicing rights may be originated or purchased. Both originated and purchased mortgage servicing rights are initially recognized at fair value. The Company has elected to carry all mortgage servicing rights at fair value. Changes in the fair value are recognized in earnings as they occur. The unpaid principal balance of loans serviced for others is the primary driver of servicing revenue. The following represents a summary of mortgage servicing rights (dollars in thousands):
The following represents activity in capitalized mortgage servicing rights (in thousands):
Changes in the fair value of mortgage servicing rights due to market assumption changes are included in Other operating revenue in the Consolidated Statements of Earnings. Changes in fair value due to principal payments are included in Mortgage banking costs. Mortgage servicing rights are not traded in active markets. Fair value is determined by discounting the projected net cash flows. Significant market assumptions used to determine fair value based on significant unobservable inputs were as follows:
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Commitments and Contingent Liabilities |
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Commitments and Contingencies Disclosure [Abstract] | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Commitments and Contingent Liabilities [Text Block] | Commitments and Contingent Liabilities Litigation Contingencies On June 24, 2015, BOKF, NA received a complaint alleging that an employee had colluded with a bond issuer and an individual in misusing revenues pledged to municipal bonds for which BOKF, NA served as trustee under the bond indenture. The Company conducted an investigation and concluded that employees in one of its Corporate Trust offices had, with respect to a single group of affiliated bond issuances, violated Company policies and procedures by waiving financial covenants, granting forbearances and accepting without disclosure to the bondholders, debt service payments from sources other than pledged revenues. The relationship manager was terminated. The Company reported the circumstances to, and cooperated with an investigation by, the Securities and Exchange Commission ("SEC"). On December 28, 2015, in an action brought by the SEC, the United States District Court for the District of New Jersey entered a judgment against the principals involved in issuing the bonds, precluding the principals from denying the alleged violations of the federal securities laws and requiring the principals to pay all outstanding principal, accrued interest, and other amounts required under the bond documents (now estimated to be approximately $40 million, less the value of the facilities securing repayment of the bonds), subject to oversight by a court appointed monitor. The obligation of the principal to pay all principal and interest on the bonds is non-dischargeable in bankruptcy. On September 7, 2016, BOKF, NA agreed, and the SEC entered, a consent order finding that BOKF, NA had violated Section 17(a) of the Securities Act of 1933 and Section 10(b) of the Securities Exchange Act and requiring BOKF, NA to disgorge $1,067,721 of fees and pay a civil penalty of $600,000. BOKF, NA disgorged the fees and paid the penalty. On August 26, 2016, BOKF, NA was sued in the United States District Court for New Jersey by two bondholders in a putative class action on behalf of all holders of the bonds alleging BOKF, NA participated in the fraudulent sale of securities by the principals. On September 14, 2016, BOKF, NA was sued in the District Court of Tulsa County, Oklahoma by 19 bondholders alleging BOKF, NA participated in the fraudulent sale of securities by the principals. Two separate small groups of bondholders have filed arbitration complaints with the Financial Institutions Regulatory Association respecting the bonds and other bonds for which BOKF, NA served as indenture trustee. Management has been advised by counsel that BOKF, NA has valid defenses to the claims. The time by which the principal must perform the Court ordered payment plan currently expires on June 20, 2019. BOKF, NA expects the Court ordered payment plan to be continued from time to time until the principals complete the payment of the bonds, though there is no assurance that it will be. No loss is probable at this time and no provision for loss has been made. If the payment plan does not result in payment of the bonds, a loss could become probable. A reasonable estimate cannot be made at this time though the amount could be material to the Company. On March 5, 2018, BOKF, NA was sued in the Fulton, Georgia County District Court by the administratrix of a deceased resident who had sued for and obtained a judgment for wrongful death against one of the operators of a nursing home financed by one of the bonds which are the subject of the litigation discussed above. The judgment is alleged to total approximately $8 million in principal and interest at this time. Plaintiff alleges that BOKF, in its capacity as indenture trustee for the bonds, colluded with the borrower and others to defraud creditors of the nursing home by misleading the public about the solvency of the nursing home. Plaintiff alleges that this conduct has prevented her from collecting on her judgment. BOKF, NA is advised by counsel that BOKF, NA has valid defenses to the plaintiffs’ claims and no loss is probable. On March 14, 2017, BOKF, NA was sued in the United States District Court for the Northern District of Oklahoma by bondholders in a second putative class action representing a different set of municipal securities. The bondholders in this second action allege two individuals purchased facilities from the principals who are the subject of the SEC New Jersey proceedings by means of the fraudulent sale of $60 million of municipal securities for which BOKF, NA also served as indenture trustee. The bondholders allege BOKF, NA failed to disclose that the seller of the purchased facilities had engaged in the conduct complained of in the New Jersey action. BOKF, NA properly performed all duties as indenture trustee of this second set of municipal securities, timely commenced proceedings against the issuer of the securities when default occurred, is cooperating with the SEC in actions against the two principals, is not a target of the SEC proceedings, and has been advised by counsel that BOKF, NA has valid defenses to the claims of these bondholders. Management is advised by counsel that a loss is not probable and that the loss, if any, cannot be reasonably estimated. On March 7, 2017, a plaintiff filed a putative class action in the United States District Court for the Northern District of Texas alleging an extended overdraft fee charged by BOKF, NA is interest and exceeds permitted rates. This action makes the same allegations as a putative class action that was dismissed by the United States District Court for the Northern District of Oklahoma on October 19, 2015. On August 22, 2018, a plaintiff filed a second putative class action in the United States District Court for New Mexico making the same allegations as the Texas action. On September 18, 2018, the District Court dismissed the Texas action. Management is advised by counsel that a loss is not probable in the New Mexico action or the Texas action and that the loss, if any, cannot be reasonably estimated. On July 6, 2018, a plaintiff served a petition in a putative class action in the Oklahoma District Court for Tulsa County Oklahoma alleging BOKF NA breached its Demand Deposit Agreements by charging overdraft and not sufficient funds fees to deposit accounts on the day of the transaction triggering the fee and by the bank's debit hold process causing overdraft fees. Management is advised by counsel that a loss is not probable and that the loss, if any, cannot be reasonably estimated. In the ordinary course of business, BOK Financial and its subsidiaries are subject to legal actions and complaints. Management believes, based upon the opinion of counsel, that the actions and liability or loss, if any, resulting from the final outcomes of the proceedings, will not have a material effect on the Company’s financial condition, results of operations or cash flows. Alternative Investment Commitments The Company sponsors two private equity funds and invests in several tax credit entities and other funds as permitted by banking regulations. Consolidation of these investments is based on the variable interest model. At March 31, 2019, the Company has $232 million in interests in various alternative investments generally consisting of unconsolidated limited partnership interests in entities for which investment return is in the form of low income housing tax credits or other investments in merchant banking activities. This investment balance also includes $67 million of unfunded commitments included in Other liabilities on the Consolidated Balance Sheets. |
Shareholders' Equity |
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Shareholders' Equity [Text Block] | Shareholders' Equity On April 30, 2019, the Company declared a quarterly cash dividend of $0.50 per common share payable on or about May 28, 2019 to shareholders of record as of May 13, 2019. Dividends declared were $0.50 per share during the three months ended March 31, 2019 and $0.45 per share during the three months ended March 31, 2018. Accumulated Other Comprehensive Income (Loss) AOCI includes unrealized gains and losses on available for sale ("AFS") securities and non-credit related unrealized losses on AFS securities for which an other-than-temporary impairment has been recorded in earnings. Unrealized losses on employee benefit plans will be reclassified into income as pension plan costs are recognized over the remaining service period of plan participants. Gains and losses in AOCI are net of deferred income taxes. A rollforward of the components of accumulated other comprehensive income (loss) is included as follows (in thousands):
1 Calculated using a 25 percent blended federal and state statutory tax rate.
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Earnings Per Share |
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Earnings Per Share [Text Block] | Earnings Per Share
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Reportable Segments |
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Reportable Segments [Text Block] | Reportable Segments Reportable segments reconciliation to the Consolidated Financial Statements for the three months ended March 31, 2019 is as follows (in thousands):
1 CoBiz operations are included in Funds Management and Other for the first quarter of 2019.
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Fees and Commissions Revenue Fees and Commissions Revenue |
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Revenue from Contract with Customer [Abstract] | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Fees and Commissions Revenue [Text Block] | Fees and Commissions Revenue Fees and commissions revenue is generated through the sales of products, consisting primarily of financial instruments, and the performance of services for customers under contractual obligations. Revenue from providing services for customers is recognized at the time services are provided in an amount that reflects the consideration we expect to be entitled to for those services. Revenue is recognized based on the application of five steps:
For contracts with multiple performance obligations, individual performance obligations are accounted for separately if the customer can benefit from the good or service on its own or with other resources readily available to the customer and the promise to transfer goods and services to the customer is separately identifiable in the contract. The transaction price is allocated to the performance obligations based on relative standalone selling prices. Revenue is recognized on a gross basis whenever we have primary responsibility and risk in providing the services or products to our customers and have discretion in establishing the price for the services or products. Revenue is recognized on a net basis whenever we act as an agent for products or services of others. Brokerage and trading revenue includes revenues from trading, customer hedging, retail brokerage and investment banking. Trading revenue includes net realized and unrealized gains primarily related to sales of securities to institutional customers and related derivative contracts. Customer hedging revenue includes realized and unrealized changes in the fair value of derivative contracts held for customer risk management programs including credit valuation adjustments, as necessary. We offer commodity, interest rate, foreign exchange and equity derivatives to our customers. These customer contracts are offset with contracts with selected counterparties and exchanges to minimize changes in market risk from changes in commodity prices, interest rates or foreign exchange rates. Retail brokerage revenue represents fees and commissions earned on sales of fixed income securities, annuities, mutual funds and other financial instruments to retail customers. Investment banking revenue includes fees earned upon completion of underwriting and financial advisory services. Investment banking revenue also includes fees earned in conjunction with loan syndications. Insurance brokerage revenues represents fees and commissions earned on placement of insurance products with carriers for property and casualty and health coverage. Transaction card revenue includes merchant discount fees and electronic funds transfer network fees, net of interchange fees paid to card issuers and assessments paid to card networks. Merchant discount fees represent fees paid by customers for account management and electronic processing of card transactions. Merchant discount fees are recognized at the time the customer’s transactions are processed or other services are performed. The Company also maintains the TransFund electronic funds transfer network for the benefit of its members, which includes the Bank. Electronic funds transfer fees are recognized as electronic transactions processed on behalf of its members. Fiduciary and asset management revenue includes fees from asset management, custody, recordkeeping, investment advisory and administration services. Revenue is recognized on an accrual basis at the time the services are performed and may be based on either the fair value of the account or the service provided. Deposit service charges and fees include commercial account service charges, overdraft fees, check card fee revenue and automated service charge and other deposit service fees. Fees are recognized at least quarterly in accordance with published deposit account agreements and disclosure statements for retail accounts or contractual agreements for commercial accounts. Item charges for overdraft or non-sufficient funds items are recognized as items are presented for payment. Account balance charges and activity fees are accrued monthly and collected in arrears. Commercial account activity fees may be offset by an earnings credit based on account balances. Check card fees represent interchange fees paid by a merchant bank for transactions processed from cards issued by the Company. Check card fees are recognized when transactions are processed. Mortgage banking revenue includes revenues recognized in conjunction with the origination, marketing and servicing of conventional and government-sponsored residential mortgage loans. Mortgage production revenue includes net realized gains (losses) on sales of residential mortgage loans in the secondary market and the net change in unrealized gains (losses) on residential mortgage loans held for sale. Mortgage production revenue also includes changes in the fair value of derivative contracts not designated as hedging instruments related to residential mortgage loan commitments and forward sales contracts. Mortgage servicing revenue includes servicing fee income and late charges on loans serviced for others. Fees and commissions revenue by reportable segment and primary service line is as follows for the three months ended March 31, 2019.
Fees and commissions revenue by reportable segment and primary service line is as follows for the three months ended March 31, 2018.
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Fair Value Measurements |
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Fair Value Disclosures [Abstract] | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Fair Value Measurements [Text Block] | Fair Value Measurements Fair value is defined by applicable accounting guidance as the price to sell an asset or transfer a liability in an orderly transaction between market participants in the principal market for the given asset or liability at the measurement date based on market conditions at that date. An orderly transaction assumes exposure to the market for a customary period for marketing activities prior to the measurement date and not a forced liquidation or distressed sale. Certain assets and liabilities are recorded in the Company’s financial statements at fair value. Some are recorded on a recurring basis and some on a non-recurring basis. For some assets and liabilities, observable market transactions and market information might be available. For other assets and liabilities, observable market transactions and market information might not be available. A hierarchy for fair value has been established which categorizes into three levels the inputs to valuation techniques used to measure fair value. The three levels are as follows: Quoted Prices in Active Markets for Identical Assets or Liabilities (Level 1) - Fair value is based on unadjusted quoted prices in active markets for identical assets or liabilities. Significant Other Observable Inputs (Level 2) - Fair value is based on significant other observable inputs which are generally determined based on a single price for each financial instrument provided to us by an applicable third-party pricing service and is based on one or more of the following:
Significant Unobservable Inputs (Level 3) - Fair value is based upon model-based valuation techniques for which at least one significant assumption is not observable in the market. Transfers between levels are recognized as of the end of the reporting period. There were no transfers in or out of quoted prices in active markets for identical instruments to significant other observable inputs or significant unobservable inputs during the three months ended March 31, 2019 and 2018, respectively. Transfers between significant other observable inputs and significant unobservable inputs during the three months ended March 31, 2019 and 2018 are included in the summary of changes in recurring fair values measured using unobservable inputs. The underlying methods used by the third-party pricing services are considered in determining the primary inputs used to determine fair values. Management has evaluated the methodologies employed by the third-party pricing services by comparing the price provided by the pricing service with other sources, including brokers' quotes, sales or purchases of similar instruments and discounted cash flows to establish a basis for reliance on the pricing service values. Significant differences between the pricing service provided value and other sources are discussed with the pricing service to understand the basis for their values. Based on all observable inputs, management may adjust prices obtained from third-party pricing services to more appropriately reflect the prices that would be received to sell assets or paid to transfer liabilities in orderly transactions in the current market. No significant adjustments were made to prices provided by third-party pricing services at March 31, 2019 or December 31, 2018. Assets and Liabilities Measured at Fair Value on a Recurring Basis The fair value of financial assets and liabilities measured on a recurring basis was as follows as of March 31, 2019 (in thousands):
The fair value of financial assets and liabilities measured on a recurring basis was as follows as of December 31, 2018 (in thousands):
Following is a description of the Company's valuation methodologies used for assets and liabilities measured on a recurring basis: Securities The fair values of trading, available for sale and fair value option securities are based on quoted prices for identical instruments in active markets, when available. If quoted prices for identical instruments are not available, fair values are based on significant other observable inputs such as quoted prices of comparable instruments or interest rates and credit spreads, yield curves, volatilities, prepayment speeds and loss severities. The fair value of certain available for sale municipal and other debt securities may be based on significant unobservable inputs. These significant unobservable inputs include limited observed trades, projected cash flows, current credit rating of the issuers and, when applicable, the insurers of the debt and observed trades of similar debt. Discount rates are primarily based on references to interest rate spreads on comparable securities of similar duration and credit rating as determined by the nationally-recognized rating agencies adjusted for a lack of trading volume. Significant unobservable inputs are developed by investment securities professionals involved in the active trading of similar securities. A summary of significant inputs used to value these securities follows. A management committee composed of senior members from the Company's Capital Markets, Risk Management and Finance departments assesses the appropriateness of these inputs quarterly. Derivatives All derivative instruments are carried on the balance sheet at fair value. Fair values for exchange-traded contracts are based on quoted prices. Fair values for over-the-counter interest rate, commodity and foreign exchange contracts are based on valuations provided either by third-party dealers in the contracts, quotes provided by independent pricing services, or a third-party provided pricing model that uses significant other observable market inputs. Credit risk is considered in determining the fair value of derivative instruments. Management determines fair value adjustments based on various risk factors including but not limited to current fair value, probability of default and loss given default. We also consider our own credit risk in determining the fair value of derivative contracts. Changes in our credit rating would affect the fair value of our derivative liabilities. In the event of a credit downgrade, the fair value of our derivative liabilities would increase. Residential Mortgage Loans Held for Sale Residential mortgage loans held for sale are carried on the balance sheet at fair value. The fair values of residential mortgage loans held for sale are based upon quoted market prices of such loans sold in securitization transactions, including related unfunded loan commitments and forward sales contracts. The fair value of mortgage loans that were unable to be sold to U.S. government agencies were determined using quoted prices of loans that are sold in securitization transactions with a liquidity discount applied. The following represents the changes for the three months ended March 31, 2019 related to assets measured at fair value on a recurring basis using significant unobservable inputs (in thousands):
The following represents the changes for the three months ended March 31, 2018 related to assets measured at fair value on a recurring basis using significant unobservable inputs (in thousands):
A summary of quantitative information about assets measured at fair value on a recurring basis using Significant Unobservable Inputs (Level 3) as of March 31, 2019 follows (in thousands):
A summary of quantitative information about assets measured at fair value on a recurring basis using Significant Unobservable Inputs (Level 3) as of December 31, 2018 follows (in thousands):
Fair Value of Assets and Liabilities Measured on a Non-Recurring Basis Assets measured at fair value on a non-recurring basis include collateral for certain impaired loans and real property and other assets acquired to satisfy loans, which are based primarily on comparisons to completed sales of similar assets. The following represents the carrying value of assets measured at fair value on a non-recurring basis (and related losses) during the period. The carrying value represents only those assets with a balance at March 31, 2019 for which the fair value was adjusted during the three months ended March 31, 2019:
The following represents the carrying value of assets measured at fair value on a non-recurring basis (and related losses) during the period. The carrying value represents only those assets with a balance at March 31, 2018 for which the fair value was adjusted during the three months ended March 31, 2018:
The fair value of collateral-dependent impaired loans secured by real estate and real estate and other repossessed assets and the related fair value adjustments are generally based on unadjusted third-party appraisals. Our appraisal review policies require appraised values to be supported by observed inputs derived principally from or corroborated by observable market data. Appraisals that are not based on observable inputs or that require significant adjustments or fair value measurements that are not based on third-party appraisals are considered to be based on significant unobservable inputs. Non-recurring fair value measurements of collateral-dependent impaired loans and real estate and other repossessed assets based on significant unobservable inputs are generally due to estimates of current fair values between appraisal dates. Significant unobservable inputs include listing prices for the same or comparable assets, uncorroborated expert opinions or management's knowledge of the collateral or industry. Non-recurring fair value measurements of collateral dependent loans secured by mineral rights are generally determined by our internal staff of engineers on projected cash flows under current market conditions and are based on significant unobservable inputs. Projected cash flows are discounted according to risk characteristics of the underlying oil and gas properties. Assets are evaluated to demonstrate with reasonable certainty that crude oil, natural gas and natural gas liquids can be recovered from known oil and gas reservoirs under existing economic and operating conditions at current prices with existing conventional equipment, operating methods and costs. Significant unobservable inputs are developed by asset management and workout professionals and approved by senior Credit Administration executives. A summary of quantitative information about Non-recurring Fair Value Measurements based on Significant Unobservable Inputs (Level 3) as of March 31, 2019 follows (in thousands):
A summary of quantitative information about Non-recurring Fair Value Measurements based on Significant Unobservable Inputs (Level 3) as of December 31, 2018 follows (in thousands):
Fair Value of Financial Instruments The following table presents the carrying values and estimated fair values of all financial instruments, including those financial assets and liabilities that are not measured and reported at fair value on a recurring basis or non-recurring basis as of March 31, 2019 (dollars in thousands):
The following table presents the carrying values and estimated fair values of all financial instruments, including those financial assets and liabilities that are not measured and reported at fair value on a recurring basis or non-recurring basis as of December 31, 2018 (dollars in thousands):
Because no market exists for certain of these financial instruments and management does not intend to sell these financial instruments, the fair values shown in the tables above may not represent values at which the respective financial instruments could be sold individually or in the aggregate at the given reporting date. Fair Value Election |
Federal and State Income Taxes Federal and State Income Taxes |
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Income Tax Disclosure [Abstract] | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Income Tax Disclosure [Text Block] | Federal and State Income Taxes The Tax Cuts and Jobs Act (the "Tax Reform Act") enacted on December 22, 2017, reduced the federal corporate income tax rate from 35% to 21% beginning January 1, 2018. We completed our accounting during 2018 for uncertainties that resulted from the Tax Reform Act. Adjustments to provisional amounts related to the Tax Reform Act were recognized during 2018. The reconciliation of income attributable to continuing operations at the U.S. federal statutory tax rate to income tax expense are as follows (in thousands):
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Subsequent Events |
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Subsequent Events [Abstract] | |
Subsequent Events [Text Block] | Subsequent Events |
Significant Accounting Policies (Policies) |
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Accounting Policies [Abstract] | |||||||||||||||||||||
Basis of Accounting, Policy [Policy Text Block] | The accompanying unaudited consolidated financial statements of BOK Financial Corporation (“BOK Financial” or “the Company”) have been prepared in accordance with accounting principles for interim financial information generally accepted in the United States and with the instructions to Form 10-Q and Article 10 of Regulation S-X. Accordingly, they do not include all of the information and footnotes required by generally accepted accounting principles for complete financial statements. In the opinion of management, all adjustments (consisting of normal recurring accruals) considered necessary for a fair presentation have been included. | ||||||||||||||||||||
Principles of Consolidation [Policy Text Block] | The unaudited consolidated financial statements include accounts of BOK Financial and its subsidiaries, principally BOKF, NA (“the Bank”), BOK Financial Securities, Inc., The Milestone Group, Inc. and Cavanal Hill Investment Management Inc. Operating divisions of the Bank include Bank of Albuquerque, Bank of Arkansas, Bank of Oklahoma, Bank of Texas, BOK Financial in Colorado and Arizona, Mobank, BOK Financial Mortgage and the TransFund electronic funds network. |
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Reclassification, Policy [Policy Text Block] | Certain reclassifications have been made to conform to the current period presentation. | ||||||||||||||||||||
Newly Adopted and Pending Accounting Policies [Policy Text Block] | Newly Adopted and Pending Accounting Policies Financial Accounting Standards Board (“FASB”) FASB Accounting Standards Update No. 2016-02, Leases (Topic 842) ("ASU 2016-02") On February 25, 2016, the FASB issued ASU 2016-02 to increase transparency and comparability by recognizing lease assets and liabilities on the balance sheet and disclosing key information about leasing arrangements. Lessees are required to recognize an obligation for future lease payments measured on a discounted basis and a right-of-use asset. The Company adopted the new standard January 1, 2019 through a cumulative effect adjustment to retained earnings. Prior periods were not restated. BOKF elected to apply all practical expedients other than the lessee’s practical expedient to combine lease and non-lease components which would further gross up lease liability and the related right-of-use asset. The implementation of ASU 2016-02 increased the reported right-of-use asset and lease liability by $137 million. The effect on retained earnings was immaterial. FASB Accounting Standards Update No. 2016-13, Financial Instruments - Credit Losses (Topic 326): Assets Measured at Amortized Cost ("ASU 2016-13") On June 16, 2016, the FASB issued ASU 2016-13 to provide more timely recording of credit losses on loans and other financial assets measured at amortized cost, effective for the Company for annual reporting periods beginning after December 15, 2019, including interim periods within those fiscal years. The Company has established a CECL implementation team to evaluate the impact to the Company's financial statements. The CECL implementation team, overseen by the Chief Credit Officer, Chief Financial Officer, and Chief Risk Officer, has developed a project plan that incorporates input from various departments within the bank including Credit, Financial Reporting, Risk, and Information Technology among others. The Audit Committee and Credit Committee of the Board of Directors is periodically updated on project progress. Key implementation activities for 2019 include model validation and quarterly parallel runs with development of governance, control, and disclosure frameworks. The Company will adopt the standard on January 1, 2020 through a cumulative-effect adjustment to retained earnings. The impact of adoption will depend on the composition of the loan and securities portfolios as well as current and expected economic conditions at that time. FASB Accounting Standards Update No. 2019-01, Leases (Topic 842): Codification Improvements ("ASU 2019-01") |
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Derivatives, Policy [Policy Text Block] | Derivative instruments may be used by the Company as part of its internal risk management programs or may be offered to customers. All derivative instruments are carried at fair value and changes in fair value are reported in earnings as they occur. Credit risk is also considered in determining fair value. Deterioration in the credit rating of customer or other counterparties reduced the fair value of asset contracts. Deterioration of our credit rating could decrease the fair value of our derivative liabilities. When bilateral netting agreements or similar arrangements exist between the Company and its counterparties that create a single legal claim or obligation to pay or receive the net amount in settlement of the individual derivative contracts, the Company reports derivative assets and liabilities on a net by derivative contract type by counterparty basis. Derivative contracts may require the Company to provide or receive cash margin as collateral for derivative assets and liabilities. Derivative assets and liabilities are reported net of cash margin when certain conditions are met. In addition, derivative contracts executed with customers under Customer Risk Management Programs may be secured by non-cash collateral in conjunction with a credit agreement with that customer. Access to collateral in the event of default is reasonably assured. None of these derivative contracts have been designated as hedging instruments for accounting purposes. Customer Risk Management Programs BOK Financial offers programs to permit its customers to manage various risks, including fluctuations in energy, cattle and other agricultural products, interest rates and foreign exchange rates with derivative contracts. Customers may also manage interest rate risk through interest rate swaps used by borrowers to modify interest rate terms of their loans or to-be-announced securities used by mortgage banking customers to hedge their loan production. Derivative contracts are executed between the customers and BOK Financial. Offsetting contracts are executed between BOK Financial and other selected counterparties to minimize the risk of changes in commodity prices, interest rates or foreign exchange rates. The counterparty contracts are identical to customer contracts, except for a fixed pricing spread or fee paid to BOK Financial as profit and compensation for administrative costs and credit risk which is recognized over the life of the contracts and included in Other operating revenue – Brokerage and trading revenue in the Consolidated Statements of Earnings. Internal Risk Management Programs BOK Financial may use derivative contracts in managing its interest rate sensitivity, as part of its economic hedge of the change in the fair value of mortgage servicing rights and to mitigate the market risk of holding trading securities. Changes in the fair value of derivative instruments used in managing interest rate sensitivity and as part of the economic hedge of changes in the fair value of mortgage servicing rights are included in Other operating revenue – Gain (loss) on derivatives, net in the Consolidated Statements of Earnings. Changes in the fair value of derivative instruments used to mitigate the market risk of holding trading securities are included in Other operating revenue – Brokerage and trading revenue. As discussed in Note 6, certain derivative contracts not designated as hedging instruments related to mortgage loan commitments and forward sales contracts are included in Residential mortgage loans held for sale on the Consolidated Balance Sheets. See Note 6 for additional discussion of notional, fair value and impact on earnings of these contracts.
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Loans and Allowances for Credit Losses, Loans [Policy Text Block] | Loans Loans are either secured or unsecured based on the type of loan and the financial condition of the borrower. Repayment is generally expected from cash flow or proceeds from the sale of selected assets of the borrower. BOK Financial is exposed to risk of loss on loans due to the borrower’s difficulties, which may arise from any number of factors, including problems within the respective industry or local economic conditions. Access to collateral, in the event of borrower default, is reasonably assured through adherence to applicable lending laws and through sound lending standards and credit review procedures. Accounting policies for all loans, excluding residential mortgage loans guaranteed by U.S. government agencies, are as follows. Interest is accrued at the applicable interest rate on the principal amount outstanding. Loans are placed on nonaccruing status when, in the opinion of management, full collection of principal or interest is uncertain. Internally risk graded loans are individually evaluated for nonaccruing status quarterly. Non-risk graded loans are generally placed on nonaccruing status when more than 90 days past due or within 60 days of being notified of the borrower's bankruptcy filing. Interest previously accrued but not collected is charged against interest income when the loan is placed on nonaccruing status. Payments on nonaccruing loans are applied to principal or recognized as interest income, according to management’s judgment as to the collectability of principal. Loans may be returned to accruing status when, in the opinion of management, full collection of principal and interest, including principal previously charged off, is probable based on improvements in the borrower’s financial condition or a sustained period of performance. Loans to borrowers experiencing financial difficulties may be modified in troubled debt restructurings ("TDRs"). All TDRs are classified as nonaccruing, excluding loans guaranteed by U.S. government agencies. Modifications generally consist of extension of payment terms or interest rate concessions and may result either voluntarily through negotiations with the borrower or involuntarily through court order. Generally, principal and accrued but unpaid interest is not voluntarily forgiven. Performing loans may be renewed under the current collateral value, debt service ratio and other underwriting standards. Nonaccruing loans may be renewed and will remain classified as nonaccruing. Occasionally, loans, other than residential mortgage loans, may be held for sale in order to manage credit concentration. These loans are carried at the lower of cost or fair value with gains or losses recognized in other gains (losses), net in the Statements of Earnings. All loans are charged off when the loan balance or a portion of the loan balance is no longer supported by the paying capacity of the borrower or when the required cash flow is reduced in a TDR. The charge-off amount is determined through a quarterly evaluation of available cash resources and collateral value and charge-offs are taken in the quarter in which the loss is identified. Non-risk graded loans that are past due between 60 days and 180 days, based on the loan product type, are charged off. Loans to borrowers whose personal obligation has been discharged through Chapter 7 bankruptcy proceedings are charged off within 60 days of notice of the bankruptcy filing, regardless of payment status. Loan origination and commitment fees and direct loan acquisition and origination costs are deferred and amortized as an adjustment to yield over the life of the loan or over the commitment period, as applicable. Amortization does not anticipate loan prepayments. Net unamortized fees are recognized in full at time of payoff. Qualifying residential mortgage loans guaranteed by U.S. government agencies have been sold into GNMA pools. Under certain performance conditions specified in government programs, the Company may have the right, but not the obligation to repurchase loans from GNMA pools. These loans no longer qualify for sale accounting and are recognized in the Consolidated Balance Sheets. Guaranteed loans are considered impaired because we do not expect to receive all principal and interest based on the loan's contractual terms. The original principal guarantee remains; however, interest accrues at a curtailed rate as specified in the programs. The carrying value of these loans is reduced based on an estimate of the expected cash flows discounted at the original note rate plus a liquidity spread. Guaranteed loans may be modified in TDRs in accordance with U.S. government agency guidelines. Interest continues to accrue based on the modified rate. Guaranteed loans may either be resold into GNMA pools after a performance period specified by the programs or foreclosed and conveyed to the guarantors. |
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Loans and Allowances for Credit Losses, Allowances for Credit Losses [Policy Text Block] | Allowances for Credit Losses BOK Financial maintains an allowance for loan losses and an accrual for off-balance sheet credit risk. The accrual for off-balance sheet credit risk is maintained at a level that is appropriate to cover estimated losses associated with credit instruments that are not currently recognized as assets such as loan commitments, standby letters of credit or guarantees. As discussed in greater detail in Note 6, the Company also has separate accruals for off-balance sheet credit risk related to residential mortgage loans previously sold with full or partial recourse and for residential mortgage loans sold to government sponsored agencies under standard representations and warranties. The appropriateness of the allowance for loan losses and accrual for off-balance sheet credit losses (collectively "allowance for credit losses") is assessed by management based on an ongoing quarterly evaluation of the probable estimated losses inherent in the portfolio, including probable losses on both outstanding loans and unused commitments. The allowance for loan losses consists of specific allowances attributed to impaired loans that have not yet been charged down to amounts we expect to recover, general allowances for unimpaired loans based on estimated loss rates by loan class and nonspecific allowances based on general economic conditions, risk concentration and related factors. There have been no material changes in the approach or techniques utilized in developing the allowance for loan losses and the accrual for off-balance sheet credit losses for the three months ended March 31, 2019. Loans are considered to be impaired when it becomes probable that BOK Financial will be unable to collect all amounts due according to the contractual terms of the loan agreements. Internally risk graded loans are evaluated individually for impairment. Substantially all commercial and commercial real estate loans and certain residential mortgage and consumer loans are risk graded based on evaluation of the borrowers' ability to repay. Certain commercial loans and most residential mortgage and consumer loans are small balance, homogeneous pools of loans that are not risk graded. Non-risk graded loans are identified as impaired based on performance status. Generally, non-risk graded loans 90 days or more past due or modified in a TDR or in bankruptcy are considered to be impaired. Specific allowances for impaired loans are measured by an evaluation of estimated future cash flows discounted at the loans’ initial effective interest rate or the fair value of collateral for certain collateral dependent loans. Collateral value of real property is generally based on third party appraisals that conform to Uniform Standards of Professional Appraisal Practice, less estimated selling costs. Appraised values are on an "as-is" basis and are generally not adjusted by the Company. Updated appraisals are obtained at least annually or more frequently if market conditions indicate collateral values have declined. Collateral value of mineral rights is generally determined by our internal staff of engineers based on projected cash flows under current market conditions. Collateral values and available cash resources that support impaired loans are evaluated quarterly. Historical statistics may be used as a practical way to estimate impairment in limited situations, such as when a collateral dependent loan is identified as impaired at the end of a reporting period, until an updated appraisal of collateral value is received or a full assessment of future cash flows is completed. Estimates of future cash flows and collateral values require significant judgments and may be volatile. General allowances for unimpaired loans are based on estimated loss rates by loan class. The gross loss rate for each loan class is determined by the greater of the current gross loss rate based on the most recent twelve months or a ten-year gross loss rate. Recoveries are not directly considered in the estimation of loss rates. Recoveries generally do not follow predictable patterns and are not received until well after the charge-off date as a result of protracted legal actions. For risk graded loans, gross loss rates are adjusted for changes in risk grading. For each loan class, the current weighted average risk grade is compared to the long-term average risk grade. This comparison determines whether credit risk in each loan class is increasing or decreasing. Loss rates are adjusted upward or downward in proportion to changes in average risk grading. General allowances for unimpaired loans also consider inherent risks identified for each loan class. Inherent risks consider loss rates that most appropriately represent the current credit cycle and other factors attributable to specific loan classes which have not yet been represented in the gross loss rates or risk grading. These factors include changes in commodity prices or engineering imprecision, which may affect the value of reserves that secure our energy loan portfolio, construction risk that may affect commercial real estate loans, changes in regulations and public policy that may disproportionately impact health care loans and changes in loan products. Nonspecific allowances are maintained for risks beyond factors specific to a particular loan or loan class. These factors include trends in the economy of our primary lending areas, concentrations in large balance loans and other relevant factors. An accrual for off-balance sheet credit losses is included in Other liabilities in the Consolidated Balance Sheets. The appropriateness of this accrual is determined in the same manner as the allowance for loan losses. |
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Lessee, Leases [Policy Text Block] | Effective January 1, 2019, premises and equipment included right-of-use assets for leased office space and facilities. Leases are at market rates at inception and may contain escalations based on consumer price index or similar benchmarks and options to renew at then market rates. Renewal options, variable lease payments and residual value guarantees are included in the measurement of right-of-use assets when certain conditions are met. Lease component cash flows are discounted at the applicable FHLB advance rate. |
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Revenue Recognition, Policy [Policy Text Block] | Fees and commissions revenue is generated through the sales of products, consisting primarily of financial instruments, and the performance of services for customers under contractual obligations. Revenue from providing services for customers is recognized at the time services are provided in an amount that reflects the consideration we expect to be entitled to for those services. Revenue is recognized based on the application of five steps:
For contracts with multiple performance obligations, individual performance obligations are accounted for separately if the customer can benefit from the good or service on its own or with other resources readily available to the customer and the promise to transfer goods and services to the customer is separately identifiable in the contract. The transaction price is allocated to the performance obligations based on relative standalone selling prices. Revenue is recognized on a gross basis whenever we have primary responsibility and risk in providing the services or products to our customers and have discretion in establishing the price for the services or products. Revenue is recognized on a net basis whenever we act as an agent for products or services of others. Brokerage and trading revenue includes revenues from trading, customer hedging, retail brokerage and investment banking. Trading revenue includes net realized and unrealized gains primarily related to sales of securities to institutional customers and related derivative contracts. Customer hedging revenue includes realized and unrealized changes in the fair value of derivative contracts held for customer risk management programs including credit valuation adjustments, as necessary. We offer commodity, interest rate, foreign exchange and equity derivatives to our customers. These customer contracts are offset with contracts with selected counterparties and exchanges to minimize changes in market risk from changes in commodity prices, interest rates or foreign exchange rates. Retail brokerage revenue represents fees and commissions earned on sales of fixed income securities, annuities, mutual funds and other financial instruments to retail customers. Investment banking revenue includes fees earned upon completion of underwriting and financial advisory services. Investment banking revenue also includes fees earned in conjunction with loan syndications. Insurance brokerage revenues represents fees and commissions earned on placement of insurance products with carriers for property and casualty and health coverage. Transaction card revenue includes merchant discount fees and electronic funds transfer network fees, net of interchange fees paid to card issuers and assessments paid to card networks. Merchant discount fees represent fees paid by customers for account management and electronic processing of card transactions. Merchant discount fees are recognized at the time the customer’s transactions are processed or other services are performed. The Company also maintains the TransFund electronic funds transfer network for the benefit of its members, which includes the Bank. Electronic funds transfer fees are recognized as electronic transactions processed on behalf of its members. Fiduciary and asset management revenue includes fees from asset management, custody, recordkeeping, investment advisory and administration services. Revenue is recognized on an accrual basis at the time the services are performed and may be based on either the fair value of the account or the service provided. Deposit service charges and fees include commercial account service charges, overdraft fees, check card fee revenue and automated service charge and other deposit service fees. Fees are recognized at least quarterly in accordance with published deposit account agreements and disclosure statements for retail accounts or contractual agreements for commercial accounts. Item charges for overdraft or non-sufficient funds items are recognized as items are presented for payment. Account balance charges and activity fees are accrued monthly and collected in arrears. Commercial account activity fees may be offset by an earnings credit based on account balances. Check card fees represent interchange fees paid by a merchant bank for transactions processed from cards issued by the Company. Check card fees are recognized when transactions are processed. |
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Trading Securities, [Table Text Block] | The fair value and net unrealized gain (loss) included in trading securities are as follows (in thousands):
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Investment Securities (Held-to-Maturity) [Table Text Block] | The amortized cost and fair values of investment securities are as follows (in thousands):
The amortized cost and fair values of investment securities at March 31, 2019, by contractual maturity, are as shown in the following table (dollars in thousands):
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Available For Sale Securities [Table Text Block] | The amortized cost and fair value of available for sale securities are as follows (in thousands):
The amortized cost and fair values of available for sale securities at March 31, 2019, by contractual maturity, are as shown in the following table (dollars in thousands):
Sales of available for sale securities resulted in gains and losses as follows (in thousands):
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Schedule of Unrealized Loss on Investments [Table Text Block] | Temporarily Impaired Securities as of March 31, 2019 (in thousands):
Temporarily Impaired Securities as of December 31, 2018 (In thousands)
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Derivatives (Tables) |
3 Months Ended | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
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Derivative Instrument Detail [Abstract] | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Derivative Contracts [Table Text Block] | The following table summarizes the fair values of derivative contracts recorded as “derivative contracts” assets and liabilities in the balance sheet at March 31, 2019 (in thousands):
The following table summarizes the fair values of derivative contracts recorded as “derivative contracts” assets and liabilities in the balance sheet at December 31, 2018 (in thousands):
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Derivative Instruments, Gain (Loss) in Statement of Earnings [Table Text Block] | The following summarizes the pre-tax net gains (losses) on derivative instruments and where they are recorded in the income statement (in thousands):
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Loans and Allowances for Credit Losses (Tables) |
3 Months Ended | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
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Loans Receivable, Net [Abstract] | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Schedule of Loans by Portfolio Segment [Table Text Block] | Portfolio segments of the loan portfolio are as follows (in thousands):
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Rollforward of Allowance For Loan Losses And Accrual for Off-Balance Sheet Credit Losses [Table Text Block] | The activity in the allowance for loan losses and the allowance for off-balance sheet credit losses related to loan commitments and standby letters of credit for the three months ended March 31, 2019 is summarized as follows (in thousands):
The activity in the allowance for loan losses and the allowance for off-balance sheet credit losses related to loan commitments and standby letters of credit for the three months ended March 31, 2018 is summarized as follows (in thousands):
The allowance for loan losses and recorded investment of the related loans by portfolio segment for each impairment measurement method at March 31, 2019 is as follows (in thousands):
The allowance for loan losses and recorded investment of the related loans by portfolio segment for each impairment measurement method at December 31, 2018 is as follows (in thousands):
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Schedule of Credit Quality Indicators [Table Text Block] | The allowance for loan losses and recorded investment of the related loans by portfolio segment for risk graded and non-risk graded loans at March 31, 2019 is as follows (in thousands):
The allowance for loan losses and recorded investment of the related loans by portfolio segment for risk graded and non-risk graded loans at December 31, 2018 is as follows (in thousands):
Loans are considered to be performing if they are in compliance with the original terms of the agreement and currently exhibit no factors that cause management to have doubts about the borrowers' ability to remain in compliance with the original terms of the agreement, which is consistent with the regulatory guideline of “pass.” Performing loans also include past due residential mortgages that are guaranteed by agencies of the U.S. government that continue to accrue interest based on criteria of the guarantors' programs. Other loans especially mentioned are currently performing in compliance with the original terms of the agreement but may have a potential weakness that deserves management’s close attention, consistent with regulatory guidelines. The risk grading process identified certain loans that have a well-defined weakness (e.g. inadequate debt service coverage or liquidity or marginal capitalization; repayment may depend on collateral or other risk mitigation) that may jeopardize liquidation of the debt and represent a greater risk due to deterioration in the financial condition of the borrower. This is consistent with the regulatory guideline for “substandard.” Because the borrowers are still performing in accordance with the original terms of the loan agreements, these loans were not placed in nonaccruing status. Nonaccruing loans represent loans for which full collection of principal and interest is uncertain. This is substantially the same criteria used to determine whether a loan is impaired and includes certain loans considered “substandard” and all loans considered “doubtful” by regulatory guidelines. The following table summarizes the Company’s loan portfolio at March 31, 2019 by the risk grade categories (in thousands):
The following table summarizes the Company’s loan portfolio at December 31, 2018 by the risk grade categories (in thousands):
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Summary of Impaired Loans [Table Text Block] | Impaired Loans Loans are considered to be impaired when it is probable that the Company will not be able to collect all amounts due according to the contractual terms of the loan agreement. This generally includes all nonaccruing loans, all loans modified in a TDR and all loans repurchased from GNMA pools. A summary of impaired loans at March 31, 2019 follows (in thousands):
2 All permanent mortgage loans guaranteed by U.S. government agencies are considered impaired as we do not expect full collection of contractual principal and interest. At March 31, 2019, the majority were accruing based on the guarantee by U.S. government agencies. Generally, no interest income is recognized on impaired loans until all principal balances, including amounts charged-off, are recovered. A summary of impaired loans at December 31, 2018 follows (in thousands):
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Summary of Loans by Aging Status [Table Text Block] | Nonaccrual & Past Due Loans Past due status for all loan classes is based on the actual number of days since the last payment was due according to the contractual terms of the loans. A summary of loans currently performing, loans past due and accruing and nonaccrual loans as of March 31, 2019 is as follows (in thousands):
A summary of loans currently performing, loans past due and accruing and nonaccrual loans as of December 31, 2018 is as follows (in thousands):
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Leasing Leasing (Tables) |
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Mar. 31, 2019 | ||||||||||||||||||||||||||||||||||||
Leases [Abstract] | ||||||||||||||||||||||||||||||||||||
Lease, Cost [Table Text Block] | The following represents a summary of operating lease activities (dollars in thousands):
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Mortgage Banking Activities (Tables) |
3 Months Ended | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
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Mortgage Banking [Abstract] | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Components of Residential Mortgage Loans Held For Sale [Table Text Block] |
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Mortgage Banking Revenue [Table Text Block] | Mortgage banking revenue was as follows (in thousands):
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Summary of Mortgage Servicing Rights [Table Text Block] | The following represents a summary of mortgage servicing rights (dollars in thousands):
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Activity in Capitalized Mortgage Servicing Rights [Table Text Block] | The following represents activity in capitalized mortgage servicing rights (in thousands):
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Assumptions to Value Mortgage Servicing Rights [Table Text Block] | Mortgage servicing rights are not traded in active markets. Fair value is determined by discounting the projected net cash flows. Significant market assumptions used to determine fair value based on significant unobservable inputs were as follows:
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Shareholders' Equity (Tables) |
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Stockholders' Equity Note [Abstract] | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Accumulated Other Comprehensive Income (Loss) [Table Text Block] | A rollforward of the components of accumulated other comprehensive income (loss) is included as follows (in thousands):
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Earnings Per Share (Tables) |
3 Months Ended | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
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Earnings Per Share [Abstract] | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Earnings Per Share [Table Text Block] |
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Reportable Segments (Tables) |
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Segment Reporting [Abstract] | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Reportable Segments [Table Text Block] | Reportable segments reconciliation to the Consolidated Financial Statements for the three months ended March 31, 2019 is as follows (in thousands):
1 CoBiz operations are included in Funds Management and Other for the first quarter of 2019.
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Fees and Commissions Revenue Fees and Commissions Rvenue (Tables) |
3 Months Ended | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
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Revenue from Contract with Customer [Abstract] | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Disaggregation of Fees and Commissions Revenue [Table Text Block] | Fees and commissions revenue by reportable segment and primary service line is as follows for the three months ended March 31, 2019.
Fees and commissions revenue by reportable segment and primary service line is as follows for the three months ended March 31, 2018.
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Fair Value Measurements (Tables) |
3 Months Ended | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
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Fair Value Disclosures [Abstract] | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Fair Value Assets And Liabilities Measured On A Recurring Basis [Table Text Block] | The fair value of financial assets and liabilities measured on a recurring basis was as follows as of March 31, 2019 (in thousands):
The fair value of financial assets and liabilities measured on a recurring basis was as follows as of December 31, 2018 (in thousands):
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Fair Value Assets Measured On Recurring Basis, Significant Unobservable Inputs [Table Text Block] | The following represents the changes for the three months ended March 31, 2019 related to assets measured at fair value on a recurring basis using significant unobservable inputs (in thousands):
The following represents the changes for the three months ended March 31, 2018 related to assets measured at fair value on a recurring basis using significant unobservable inputs (in thousands):
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Fair Value Inputs, Fair Value Measured On a Recurring Basis, Quantitative Information [Table Text Block] | A summary of quantitative information about assets measured at fair value on a recurring basis using Significant Unobservable Inputs (Level 3) as of March 31, 2019 follows (in thousands):
A summary of quantitative information about assets measured at fair value on a recurring basis using Significant Unobservable Inputs (Level 3) as of December 31, 2018 follows (in thousands):
3 Interest rate yields used to value investment grade taxable securities based on comparable short-term taxable securities which are generally yielding less than 3 percent.
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Fair Value Assets Measured on Nonrecurring Basis [Table Text Block] | The following represents the carrying value of assets measured at fair value on a non-recurring basis (and related losses) during the period. The carrying value represents only those assets with a balance at March 31, 2019 for which the fair value was adjusted during the three months ended March 31, 2019:
The following represents the carrying value of assets measured at fair value on a non-recurring basis (and related losses) during the period. The carrying value represents only those assets with a balance at March 31, 2018 for which the fair value was adjusted during the three months ended March 31, 2018:
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Fair Value Inputs, Fair Value Measured On a Nonrecurring Basis, Quantitative Information [Table Text Block] | A summary of quantitative information about Non-recurring Fair Value Measurements based on Significant Unobservable Inputs (Level 3) as of March 31, 2019 follows (in thousands):
A summary of quantitative information about Non-recurring Fair Value Measurements based on Significant Unobservable Inputs (Level 3) as of December 31, 2018 follows (in thousands):
1 Represents fair value as a percentage of the unpaid principal balance.
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Fair Value of Financial Instruments [Table Text Block] | The following table presents the carrying values and estimated fair values of all financial instruments, including those financial assets and liabilities that are not measured and reported at fair value on a recurring basis or non-recurring basis as of March 31, 2019 (dollars in thousands):
The following table presents the carrying values and estimated fair values of all financial instruments, including those financial assets and liabilities that are not measured and reported at fair value on a recurring basis or non-recurring basis as of December 31, 2018 (dollars in thousands):
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Federal and State Income Taxes Federal and State Income Taxes (Tables) |
3 Months Ended | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
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Mar. 31, 2019 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Income Tax Disclosure [Abstract] | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Schedule of Effective Income Tax Rate Reconciliation [Table Text Block] | The reconciliation of income attributable to continuing operations at the U.S. federal statutory tax rate to income tax expense are as follows (in thousands):
|
Significant Accounting Policies Loans and Allowance for Credit Losses (Details) |
3 Months Ended |
---|---|
Mar. 31, 2019 | |
Loans and Allowance for Credit Losses [Abstract] | |
Loans, Number of Days Past Due for a Non-Risk Graded Loan to be Placed on Nonaccruing Status | 90 days |
Loans, Number of Days After Notification of Chapter 7 Bankruptcy Non-Risk Graded Loan is Placed on Nonaccruing Status | 60 days |
Loans and Allowances for Credit Losses, Minimum No of Days After Which Past Due Non-Risk Graded Loans Are Charged Off | 60 days |
Loans and Allowances for Credit Losses, Maximum No of Days After Which Past Due Non-Risk Graded Loans Are Charged Off | 180 days |
Loans, Number of Days After Notification of Chapter 7 Bankruptcy Non-Risk Graded Loan is Charged Off | 60 days |
Significant Accounting Policies Newly Adopted and Pending Accounting Pronouncements (Details) $ in Millions |
Jan. 01, 2019
USD ($)
|
---|---|
Organization, Consolidation and Presentation of Financial Statements [Abstract] | |
Operating Lease, Right-of-Use Asset | $ 137 |
Available for Sale Securities (Details) $ in Thousands |
3 Months Ended | ||
---|---|---|---|
Mar. 31, 2019
USD ($)
|
Mar. 31, 2018
USD ($)
|
Dec. 31, 2018
USD ($)
|
|
Debt Securities, Available-for-sale [Line Items] | |||
Available-for-sale Securities, Amortized Cost | $ 9,027,806 | $ 8,952,391 | |
Available for sale securities | 9,025,198 | 8,857,120 | |
Available-for-sale Securities, Gross Unrealized Gain | 66,888 | 42,986 | |
Available-for-sale Securities, Gross Unrealized Loss | (69,496) | (138,257) | |
Pledged Assets Separately Reported, Securities Pledged as Collateral, at Fair Value | 10,300,000 | $ 9,100,000 | |
Debt Securities, Available-for-sale, Realized Gain (Loss) [Abstract] | |||
Proceeds from sales of available for sale securities | 245,259 | $ 44,790 | |
Available-for-sale Securities, Gross realized gains | 5,298 | 193 | |
Available-for-sale Securities, Gross realized losses | (5,222) | (483) | |
Available-for-sale Securities, Related federal and state income tax expense | $ 19 | $ (74) | |
Available-for-sale Securities, Continuous Unrealized Loss Position, Qualitative Disclosure [Abstract] | |||
Available-for-sale, Securities in Unrealized Loss Positions, Qualitative Disclosure, Number of Positions | 415 | 490 | |
Debt Securities, Available-for-sale, Unrealized Loss Position [Abstract] | |||
Available-for-sale Securities, Continuous Unrealized Loss Position, Less than Twelve Months, Fair Value | $ 732,623 | $ 700,064 | |
Available-for-sale Securities, Continuous Unrealized Loss Position, Twelve Months or Longer, Fair Value | 4,843,129 | 5,631,803 | |
Available-for-sale Securities, Continuous Unrealized Loss Position, Fair Value | 5,575,752 | 6,331,867 | |
Available-for-sale Securities, Continuous Unrealized Loss Position, Aggregate Losses [Abstract] | |||
Available-for-sale Securities, Continuous Unrealized Loss Position, Less than 12 Months, Accumulated Loss | 1,849 | 1,615 | |
Available-for-sale Securities, Continuous Unrealized Loss Position, 12 Months or Longer, Accumulated Loss | 67,647 | 136,642 | |
Available-for-sale Securities, Continuous Unrealized Loss Position, Accumulated Loss | 69,496 | 138,257 | |
Fixed Maturity Securities [Member] | |||
Debt Securities, Available-for-sale, Maturity, Amortized Cost, Rolling Maturity [Abstract] | |||
Available-for-sale Securities, Debt Maturities, Less than One Year, Amortized Cost Basis | 94,933 | ||
Available-for-sale Securities, Debt Maturities, One to Five Years, Amortized Cost Basis | 983,438 | ||
Available-for-sale Securities, Debt Maturities, Six To Ten Years, Amortized Cost Basis | 1,467,481 | ||
Available-for-sale Securities, Debt Maturities, Over Ten Years, Amortized Cost Basis | 391,939 | ||
Debt Securities, Available-for-sale, Maturity, Allocated and Single Maturity Date, Amortized Cost | 2,937,791 | ||
Debt Securities, Available-for-sale, Maturity, Fair Value, Rolling Maturity [Abstract] | |||
Available-for-sale Securities, Debt Maturities, Less than One Year, Fair Value | 94,398 | ||
Available-for-sale Securities, Debt Maturities, One to Five Years, Fair Value | 976,737 | ||
Available-for-sale Securities, Debt Maturities, Six to Ten Years, Fair Value | 1,473,499 | ||
Available-for-sale Securities, Debt Maturities, Over Ten Years, Fair Value | 392,520 | ||
Debt Securities, Available-for-sale, Maturity, Allocated and Single Maturity Date, Fair Value | $ 2,937,154 | ||
Available-for-sale Securities, Debt Maturities, Weighted Average Maturity | 7.30 | ||
U.S. Treasury [Member] | |||
Debt Securities, Available-for-sale [Line Items] | |||
Available-for-sale Securities, Amortized Cost | $ 1,880 | 496 | |
Available for sale securities | 1,878 | 493 | |
Available-for-sale Securities, Gross Unrealized Gain | 0 | 0 | |
Available-for-sale Securities, Gross Unrealized Loss | $ (2) | $ (3) | |
Available-for-sale Securities, Continuous Unrealized Loss Position, Qualitative Disclosure [Abstract] | |||
Available-for-sale, Securities in Unrealized Loss Positions, Qualitative Disclosure, Number of Positions | 1 | 1 | |
Debt Securities, Available-for-sale, Unrealized Loss Position [Abstract] | |||
Available-for-sale Securities, Continuous Unrealized Loss Position, Less than Twelve Months, Fair Value | $ 0 | $ 0 | |
Available-for-sale Securities, Continuous Unrealized Loss Position, Twelve Months or Longer, Fair Value | 495 | 493 | |
Available-for-sale Securities, Continuous Unrealized Loss Position, Fair Value | 495 | 493 | |
Available-for-sale Securities, Continuous Unrealized Loss Position, Aggregate Losses [Abstract] | |||
Available-for-sale Securities, Continuous Unrealized Loss Position, Less than 12 Months, Accumulated Loss | 0 | 0 | |
Available-for-sale Securities, Continuous Unrealized Loss Position, 12 Months or Longer, Accumulated Loss | 2 | 3 | |
Available-for-sale Securities, Continuous Unrealized Loss Position, Accumulated Loss | 2 | 3 | |
Municipal and other tax-exempt securities [Member] | |||
Debt Securities, Available-for-sale [Line Items] | |||
Available-for-sale Securities, Amortized Cost | 2,365 | 2,782 | |
Available for sale securities | 2,447 | 2,864 | |
Available-for-sale Securities, Gross Unrealized Gain | 82 | 82 | |
Available-for-sale Securities, Gross Unrealized Loss | 0 | 0 | |
Commercial mortgage-backed securities guaranteed by U.S. government agencies [Member] | |||
Debt Securities, Available-for-sale [Line Items] | |||
Available-for-sale Securities, Amortized Cost | 2,933,046 | 2,986,297 | |
Available for sale securities | 2,932,357 | 2,953,889 | |
Available-for-sale Securities, Gross Unrealized Gain | 17,022 | 7,955 | |
Available-for-sale Securities, Gross Unrealized Loss | $ (17,711) | $ (40,363) | |
Available-for-sale Securities, Continuous Unrealized Loss Position, Qualitative Disclosure [Abstract] | |||
Available-for-sale, Securities in Unrealized Loss Positions, Qualitative Disclosure, Number of Positions | 169 | 197 | |
Debt Securities, Available-for-sale, Unrealized Loss Position [Abstract] | |||
Available-for-sale Securities, Continuous Unrealized Loss Position, Less than Twelve Months, Fair Value | $ 432,254 | $ 179,258 | |
Available-for-sale Securities, Continuous Unrealized Loss Position, Twelve Months or Longer, Fair Value | 1,590,803 | 1,969,504 | |
Available-for-sale Securities, Continuous Unrealized Loss Position, Fair Value | 2,023,057 | 2,148,762 | |
Available-for-sale Securities, Continuous Unrealized Loss Position, Aggregate Losses [Abstract] | |||
Available-for-sale Securities, Continuous Unrealized Loss Position, Less than 12 Months, Accumulated Loss | 833 | 394 | |
Available-for-sale Securities, Continuous Unrealized Loss Position, 12 Months or Longer, Accumulated Loss | 16,878 | 39,969 | |
Available-for-sale Securities, Continuous Unrealized Loss Position, Accumulated Loss | 17,711 | 40,363 | |
Other debt securities [Member] | |||
Debt Securities, Available-for-sale [Line Items] | |||
Available-for-sale Securities, Amortized Cost | 500 | 35,545 | |
Available for sale securities | 472 | 35,430 | |
Available-for-sale Securities, Gross Unrealized Gain | 0 | 12 | |
Available-for-sale Securities, Gross Unrealized Loss | $ (28) | $ (127) | |
Available-for-sale Securities, Continuous Unrealized Loss Position, Qualitative Disclosure [Abstract] | |||
Available-for-sale, Securities in Unrealized Loss Positions, Qualitative Disclosure, Number of Positions | 1 | 3 | |
Debt Securities, Available-for-sale, Unrealized Loss Position [Abstract] | |||
Available-for-sale Securities, Continuous Unrealized Loss Position, Less than Twelve Months, Fair Value | $ 0 | $ 9,982 | |
Available-for-sale Securities, Continuous Unrealized Loss Position, Twelve Months or Longer, Fair Value | 472 | 20,436 | |
Available-for-sale Securities, Continuous Unrealized Loss Position, Fair Value | 472 | 30,418 | |
Available-for-sale Securities, Continuous Unrealized Loss Position, Aggregate Losses [Abstract] | |||
Available-for-sale Securities, Continuous Unrealized Loss Position, Less than 12 Months, Accumulated Loss | 0 | 63 | |
Available-for-sale Securities, Continuous Unrealized Loss Position, 12 Months or Longer, Accumulated Loss | 28 | 64 | |
Available-for-sale Securities, Continuous Unrealized Loss Position, Accumulated Loss | 28 | 127 | |
Residential Mortgage Backed Securities [Member] | |||
Debt Securities, Available-for-sale, Maturity, Amortized Cost, Rolling Maturity [Abstract] | |||
Debt Securities, Available-for-sale, Maturity, without Single Maturity Date, Amortized Cost | 6,090,015 | ||
Debt Securities, Available-for-sale, Maturity, Fair Value, Rolling Maturity [Abstract] | |||
Debt Securities, Available-for-sale, Maturity, without Single Maturity Date, Fair Value | $ 6,088,044 | ||
Available-for-sale Securities, Debt Maturities, Average Expected Life of Mortgage-backed Securities | 4 years 1 month 6 days | ||
Residential agency mortgage-backed securities [Member] | |||
Debt Securities, Available-for-sale [Line Items] | |||
Available-for-sale Securities, Amortized Cost | $ 6,056,710 | 5,886,323 | |
Available for sale securities | 6,040,086 | 5,804,708 | |
Available-for-sale Securities, Gross Unrealized Gain | 35,131 | 16,149 | |
Available-for-sale Securities, Gross Unrealized Loss | $ (51,755) | $ (97,764) | |
Available-for-sale Securities, Continuous Unrealized Loss Position, Qualitative Disclosure [Abstract] | |||
Available-for-sale, Securities in Unrealized Loss Positions, Qualitative Disclosure, Number of Positions | 244 | 289 | |
Debt Securities, Available-for-sale, Unrealized Loss Position [Abstract] | |||
Available-for-sale Securities, Continuous Unrealized Loss Position, Less than Twelve Months, Fair Value | $ 300,369 | $ 510,824 | |
Available-for-sale Securities, Continuous Unrealized Loss Position, Twelve Months or Longer, Fair Value | 3,251,359 | 3,641,370 | |
Available-for-sale Securities, Continuous Unrealized Loss Position, Fair Value | 3,551,728 | 4,152,194 | |
Available-for-sale Securities, Continuous Unrealized Loss Position, Aggregate Losses [Abstract] | |||
Available-for-sale Securities, Continuous Unrealized Loss Position, Less than 12 Months, Accumulated Loss | 1,016 | 1,158 | |
Available-for-sale Securities, Continuous Unrealized Loss Position, 12 Months or Longer, Accumulated Loss | 50,739 | 96,606 | |
Available-for-sale Securities, Continuous Unrealized Loss Position, Accumulated Loss | 51,755 | 97,764 | |
Residential non-agency mortgage-backed securities [Member] | |||
Debt Securities, Available-for-sale [Line Items] | |||
Available-for-sale Securities, Amortized Cost | 33,305 | 40,948 | |
Available for sale securities | 47,958 | 59,736 | |
Available-for-sale Securities, Gross Unrealized Gain | 14,653 | 18,788 | |
Available-for-sale Securities, Gross Unrealized Loss | $ 0 | $ 0 |
Derivatives, Fair Value of Derivatives Contracts (Details) - USD ($) $ in Thousands |
Mar. 31, 2019 |
Dec. 31, 2018 |
||||||
---|---|---|---|---|---|---|---|---|
Derivative Assets, Fair Value, Net [Abstract] | ||||||||
Derviative contracts, net of cash collateral, Assets, Fair value | $ 359,223 | $ 320,929 | ||||||
Derivative Liabilities, Fair Value, Net [Abstract] | ||||||||
Derivative Liabilities, Fair Value, Net of Cash Collateral | 299,698 | 362,306 | ||||||
Not Designated as Hedging Instrument [Member] | ||||||||
Notional Amount of Derivatives [Abstract] | ||||||||
Derivative Assets, Notional | 41,151,310 | [1] | 30,272,764 | [2] | ||||
Derivative Liabilities, Notional | 41,993,255 | [1] | 33,838,893 | [2] | ||||
Derivative Assets, Fair Value, Net [Abstract] | ||||||||
Derivative Assets, Gross Fair Value | 613,953 | 571,793 | ||||||
Derivative Assets, Netting Adjustments | (243,077) | (135,530) | ||||||
Derivative Assets, Net Fair Value Before Cash Collateral | 370,876 | 436,263 | ||||||
Derivative Assets, Cash Collateral | (11,653) | (115,334) | ||||||
Derviative contracts, net of cash collateral, Assets, Fair value | 359,223 | 320,929 | ||||||
Derivative Liabilities, Fair Value, Net [Abstract] | ||||||||
Derivative Liabilities, Gross Fair Value | 621,558 | 574,347 | ||||||
Derivative Liabilities, Netting Adjustments | (243,077) | (135,530) | ||||||
Derivative Liabilities, Net Fair Value Before Cash Collateral | 378,481 | 438,817 | ||||||
Derivative Liabilities, Cash Collateral | (78,783) | (76,511) | ||||||
Derivative Liabilities, Fair Value, Net of Cash Collateral | 299,698 | 362,306 | ||||||
Not Designated as Hedging Instrument [Member] | Total customer risk management programs | ||||||||
Notional Amount of Derivatives [Abstract] | ||||||||
Derivative Assets, Notional | 15,222,594 | [1] | 14,362,776 | [2] | ||||
Derivative Liabilities, Notional | 14,951,483 | [1] | 14,204,251 | [2] | ||||
Derivative Assets, Fair Value, Net [Abstract] | ||||||||
Derivative Assets, Gross Fair Value | 480,979 | 521,383 | ||||||
Derivative Assets, Netting Adjustments | (126,825) | (94,659) | ||||||
Derivative Assets, Net Fair Value Before Cash Collateral | 354,154 | 426,724 | ||||||
Derivative Assets, Cash Collateral | (11,653) | (115,334) | ||||||
Derviative contracts, net of cash collateral, Assets, Fair value | 342,501 | 311,390 | ||||||
Derivative Liabilities, Fair Value, Net [Abstract] | ||||||||
Derivative Liabilities, Gross Fair Value | 469,872 | 507,925 | ||||||
Derivative Liabilities, Netting Adjustments | (126,825) | (94,659) | ||||||
Derivative Liabilities, Net Fair Value Before Cash Collateral | 343,047 | 413,266 | ||||||
Derivative Liabilities, Cash Collateral | (75,246) | (69,196) | ||||||
Derivative Liabilities, Fair Value, Net of Cash Collateral | 267,801 | 344,070 | ||||||
Not Designated as Hedging Instrument [Member] | To-be-announced residential mortgage-backed securities [Member] | ||||||||
Notional Amount of Derivatives [Abstract] | ||||||||
Derivative Assets, Notional | 11,338,256 | [1] | 10,671,151 | [2] | ||||
Derivative Liabilities, Notional | 11,140,756 | [1] | 10,558,151 | [2] | ||||
Derivative Assets, Fair Value, Net [Abstract] | ||||||||
Derivative Assets, Gross Fair Value | 91,727 | 92,231 | ||||||
Derivative Assets, Netting Adjustments | (33,983) | (26,787) | ||||||
Derivative Assets, Net Fair Value Before Cash Collateral | 57,744 | 65,444 | ||||||
Derivative Assets, Cash Collateral | 0 | 0 | ||||||
Derviative contracts, net of cash collateral, Assets, Fair value | 57,744 | 65,444 | ||||||
Derivative Liabilities, Fair Value, Net [Abstract] | ||||||||
Derivative Liabilities, Gross Fair Value | 89,929 | 90,388 | ||||||
Derivative Liabilities, Netting Adjustments | (33,983) | (26,787) | ||||||
Derivative Liabilities, Net Fair Value Before Cash Collateral | 55,946 | 63,601 | ||||||
Derivative Liabilities, Cash Collateral | (55,879) | (63,596) | ||||||
Derivative Liabilities, Fair Value, Net of Cash Collateral | 67 | 5 | ||||||
Not Designated as Hedging Instrument [Member] | Interest rate swaps [Member] | ||||||||
Notional Amount of Derivatives [Abstract] | ||||||||
Derivative Assets, Notional | 2,047,117 | [1] | 1,924,131 | [2] | ||||
Derivative Liabilities, Notional | 2,047,117 | [1] | 1,924,131 | [2] | ||||
Derivative Assets, Fair Value, Net [Abstract] | ||||||||
Derivative Assets, Gross Fair Value | 36,602 | 36,112 | ||||||
Derivative Assets, Netting Adjustments | (8,296) | (6,688) | ||||||
Derivative Assets, Net Fair Value Before Cash Collateral | 28,306 | 29,424 | ||||||
Derivative Assets, Cash Collateral | (593) | (7,934) | ||||||
Derviative contracts, net of cash collateral, Assets, Fair value | 27,713 | 21,490 | ||||||
Derivative Liabilities, Fair Value, Net [Abstract] | ||||||||
Derivative Liabilities, Gross Fair Value | 36,644 | 36,288 | ||||||
Derivative Liabilities, Netting Adjustments | (8,296) | (6,688) | ||||||
Derivative Liabilities, Net Fair Value Before Cash Collateral | 28,348 | 29,600 | ||||||
Derivative Liabilities, Cash Collateral | (14,345) | (4,110) | ||||||
Derivative Liabilities, Fair Value, Net of Cash Collateral | 14,003 | 25,490 | ||||||
Not Designated as Hedging Instrument [Member] | Energy contracts [Member] | ||||||||
Notional Amount of Derivatives [Abstract] | ||||||||
Derivative Assets, Notional | 1,501,876 | [1] | 1,472,209 | [2] | ||||
Derivative Liabilities, Notional | 1,433,137 | [1] | 1,434,247 | [2] | ||||
Derivative Assets, Fair Value, Net [Abstract] | ||||||||
Derivative Assets, Gross Fair Value | 123,485 | 206,418 | ||||||
Derivative Assets, Netting Adjustments | (84,482) | (60,983) | ||||||
Derivative Assets, Net Fair Value Before Cash Collateral | 39,003 | 145,435 | ||||||
Derivative Assets, Cash Collateral | (10,130) | (106,752) | ||||||
Derviative contracts, net of cash collateral, Assets, Fair value | 28,873 | 38,683 | ||||||
Derivative Liabilities, Fair Value, Net [Abstract] | ||||||||
Derivative Liabilities, Gross Fair Value | 119,097 | 202,494 | ||||||
Derivative Liabilities, Netting Adjustments | (84,482) | (60,983) | ||||||
Derivative Liabilities, Net Fair Value Before Cash Collateral | 34,615 | 141,511 | ||||||
Derivative Liabilities, Cash Collateral | (4,608) | (1,490) | ||||||
Derivative Liabilities, Fair Value, Net of Cash Collateral | 30,007 | 140,021 | ||||||
Not Designated as Hedging Instrument [Member] | Agricultural contracts [Member] | ||||||||
Notional Amount of Derivatives [Abstract] | ||||||||
Derivative Assets, Notional | 23,660 | [1] | 21,210 | [2] | ||||
Derivative Liabilities, Notional | 23,636 | [1] | 21,214 | [2] | ||||
Derivative Assets, Fair Value, Net [Abstract] | ||||||||
Derivative Assets, Gross Fair Value | 2,696 | 842 | ||||||
Derivative Assets, Netting Adjustments | (64) | (201) | ||||||
Derivative Assets, Net Fair Value Before Cash Collateral | 2,632 | 641 | ||||||
Derivative Assets, Cash Collateral | 0 | 0 | ||||||
Derviative contracts, net of cash collateral, Assets, Fair value | 2,632 | 641 | ||||||
Derivative Liabilities, Fair Value, Net [Abstract] | ||||||||
Derivative Liabilities, Gross Fair Value | 2,662 | 812 | ||||||
Derivative Liabilities, Netting Adjustments | (64) | (201) | ||||||
Derivative Liabilities, Net Fair Value Before Cash Collateral | 2,598 | 611 | ||||||
Derivative Liabilities, Cash Collateral | 0 | 0 | ||||||
Derivative Liabilities, Fair Value, Net of Cash Collateral | 2,598 | 611 | ||||||
Not Designated as Hedging Instrument [Member] | Foreign exchange contracts [Member] | ||||||||
Notional Amount of Derivatives [Abstract] | ||||||||
Derivative Assets, Notional | 224,741 | [1] | 184,990 | [2] | ||||
Derivative Liabilities, Notional | 219,893 | [1] | 177,423 | [2] | ||||
Derivative Assets, Fair Value, Net [Abstract] | ||||||||
Derivative Assets, Gross Fair Value | 223,329 | 183,759 | ||||||
Derivative Assets, Netting Adjustments | 0 | 0 | ||||||
Derivative Assets, Net Fair Value Before Cash Collateral | 223,329 | 183,759 | ||||||
Derivative Assets, Cash Collateral | 0 | 0 | ||||||
Derviative contracts, net of cash collateral, Assets, Fair value | 223,329 | 183,759 | ||||||
Derivative Liabilities, Fair Value, Net [Abstract] | ||||||||
Derivative Liabilities, Gross Fair Value | 218,400 | 175,922 | ||||||
Derivative Liabilities, Netting Adjustments | 0 | 0 | ||||||
Derivative Liabilities, Net Fair Value Before Cash Collateral | 218,400 | 175,922 | ||||||
Derivative Liabilities, Cash Collateral | (414) | 0 | ||||||
Derivative Liabilities, Fair Value, Net of Cash Collateral | 217,986 | 175,922 | ||||||
Not Designated as Hedging Instrument [Member] | Equity option contracts [Member] | ||||||||
Notional Amount of Derivatives [Abstract] | ||||||||
Derivative Assets, Notional | 86,944 | [1] | 89,085 | [2] | ||||
Derivative Liabilities, Notional | 86,944 | [1] | 89,085 | [2] | ||||
Derivative Assets, Fair Value, Net [Abstract] | ||||||||
Derivative Assets, Gross Fair Value | 3,140 | 2,021 | ||||||
Derivative Assets, Netting Adjustments | 0 | 0 | ||||||
Derivative Assets, Net Fair Value Before Cash Collateral | 3,140 | 2,021 | ||||||
Derivative Assets, Cash Collateral | (930) | (648) | ||||||
Derviative contracts, net of cash collateral, Assets, Fair value | 2,210 | 1,373 | ||||||
Derivative Liabilities, Fair Value, Net [Abstract] | ||||||||
Derivative Liabilities, Gross Fair Value | 3,140 | 2,021 | ||||||
Derivative Liabilities, Netting Adjustments | 0 | 0 | ||||||
Derivative Liabilities, Net Fair Value Before Cash Collateral | 3,140 | 2,021 | ||||||
Derivative Liabilities, Cash Collateral | 0 | 0 | ||||||
Derivative Liabilities, Fair Value, Net of Cash Collateral | 3,140 | 2,021 | ||||||
Not Designated as Hedging Instrument [Member] | Internal risk management programs [Member] | ||||||||
Notional Amount of Derivatives [Abstract] | ||||||||
Derivative Assets, Notional | 25,928,716 | [1] | 15,909,988 | [2] | ||||
Derivative Liabilities, Notional | 27,041,772 | [1] | 19,634,642 | [2] | ||||
Derivative Assets, Fair Value, Net [Abstract] | ||||||||
Derivative Assets, Gross Fair Value | 132,974 | 50,410 | ||||||
Derivative Assets, Netting Adjustments | (116,252) | (40,871) | ||||||
Derivative Assets, Net Fair Value Before Cash Collateral | 16,722 | 9,539 | ||||||
Derivative Assets, Cash Collateral | 0 | 0 | ||||||
Derviative contracts, net of cash collateral, Assets, Fair value | 16,722 | 9,539 | ||||||
Derivative Liabilities, Fair Value, Net [Abstract] | ||||||||
Derivative Liabilities, Gross Fair Value | 151,686 | 66,422 | ||||||
Derivative Liabilities, Netting Adjustments | (116,252) | (40,871) | ||||||
Derivative Liabilities, Net Fair Value Before Cash Collateral | 35,434 | 25,551 | ||||||
Derivative Liabilities, Cash Collateral | (3,537) | (7,315) | ||||||
Derivative Liabilities, Fair Value, Net of Cash Collateral | $ 31,897 | $ 18,236 | ||||||
|
Derivatives, Derivatives Instruments Gain (Loss) in Income Statement (Details) - Not Designated as Hedging Instrument [Member] - USD ($) $ in Thousands |
3 Months Ended | |
---|---|---|
Mar. 31, 2019 |
Mar. 31, 2018 |
|
Derivative Instruments, Gain (Loss) Recognized in Income, Net [Abstract] | ||
Brokergage and Trading Revenue | $ (618) | $ 9,023 |
Gain (Loss) on Derivatives, Net | 4,667 | (5,685) |
To-be-announced residential mortgage-backed securities [Member] | ||
Derivative Instruments, Gain (Loss) Recognized in Income, Net [Abstract] | ||
Brokergage and Trading Revenue | 5,700 | 6,819 |
Gain (Loss) on Derivatives, Net | 0 | 0 |
Interest rate swaps [Member] | ||
Derivative Instruments, Gain (Loss) Recognized in Income, Net [Abstract] | ||
Brokergage and Trading Revenue | 593 | 756 |
Gain (Loss) on Derivatives, Net | 0 | 0 |
Energy contracts [Member] | ||
Derivative Instruments, Gain (Loss) Recognized in Income, Net [Abstract] | ||
Brokergage and Trading Revenue | 226 | 3,140 |
Gain (Loss) on Derivatives, Net | 0 | 0 |
Agricultural contracts [Member] | ||
Derivative Instruments, Gain (Loss) Recognized in Income, Net [Abstract] | ||
Brokergage and Trading Revenue | 4 | 15 |
Gain (Loss) on Derivatives, Net | 0 | 0 |
Foreign exchange contracts [Member] | ||
Derivative Instruments, Gain (Loss) Recognized in Income, Net [Abstract] | ||
Brokergage and Trading Revenue | 154 | 176 |
Gain (Loss) on Derivatives, Net | 0 | 0 |
Equity option contracts [Member] | ||
Derivative Instruments, Gain (Loss) Recognized in Income, Net [Abstract] | ||
Brokergage and Trading Revenue | 0 | 0 |
Gain (Loss) on Derivatives, Net | 0 | 0 |
Total customer risk management programs | ||
Derivative Instruments, Gain (Loss) Recognized in Income, Net [Abstract] | ||
Brokergage and Trading Revenue | 6,677 | 10,906 |
Gain (Loss) on Derivatives, Net | 0 | 0 |
Internal risk management programs [Member] | ||
Derivative Instruments, Gain (Loss) Recognized in Income, Net [Abstract] | ||
Brokergage and Trading Revenue | (7,295) | (1,883) |
Gain (Loss) on Derivatives, Net | $ 4,667 | $ (5,685) |
Loans and Allowance for Credit Losses, Loans by Portfolio Type (Details) - USD ($) $ in Thousands |
Mar. 31, 2019 |
Dec. 31, 2018 |
||
---|---|---|---|---|
Loan receivables disclosure [Abstract] | ||||
Loans, fixed rate of interest | $ 6,279,421 | $ 5,749,373 | ||
Loans, variable rate of interest | 15,326,982 | 15,744,110 | ||
Loans, non-accrual | 152,577 | 163,247 | ||
Total | 21,758,980 | 21,656,730 | ||
Accruing loans past due (90 days) | [1] | 610 | 1,338 | |
Credit Commitments [Abstract] | ||||
Outstanding commitments to extend credit | 12,000,000 | |||
Commercial [Member] | ||||
Loan receivables disclosure [Abstract] | ||||
Loans, fixed rate of interest | 3,336,747 | 2,251,188 | ||
Loans, variable rate of interest | 10,534,870 | 11,285,049 | ||
Loans, non-accrual | 90,358 | 99,841 | ||
Total | 13,961,975 | 13,636,078 | ||
Credit Commitments [Abstract] | ||||
Outstanding standby letters of credit | 720,000 | |||
Commercial real estate [Member] | ||||
Loan receivables disclosure [Abstract] | ||||
Loans, fixed rate of interest | 1,004,692 | 1,477,274 | ||
Loans, variable rate of interest | 3,574,451 | 3,265,918 | ||
Loans, non-accrual | 21,508 | 21,621 | ||
Total | 4,600,651 | 4,764,813 | ||
Residential mortgage [Member] | ||||
Loan receivables disclosure [Abstract] | ||||
Loans, fixed rate of interest | 1,777,510 | 1,830,224 | ||
Loans, variable rate of interest | 374,701 | 358,254 | ||
Loans, non-accrual | 40,409 | 41,555 | ||
Total | 2,192,620 | 2,230,033 | ||
Personal [Member] | ||||
Loan receivables disclosure [Abstract] | ||||
Loans, fixed rate of interest | 160,472 | 190,687 | ||
Loans, variable rate of interest | 842,960 | 834,889 | ||
Loans, non-accrual | 302 | 230 | ||
Total | $ 1,003,734 | $ 1,025,806 | ||
|
Loans and Allowances for Credit Losses, Activity in Allowance for Credit Losses (Details) - USD ($) $ in Thousands |
3 Months Ended | |||
---|---|---|---|---|
Mar. 31, 2019 |
Mar. 31, 2018 |
Mar. 31, 2019 |
Dec. 31, 2018 |
|
Allowance for loan losses [Roll Forward] | ||||
Beginning balance | $ 207,457 | $ 230,682 | ||
Provision for loan losses | 7,969 | (5,401) | ||
Loans charged off | (11,775) | (2,890) | ||
Recoveries | 1,689 | 1,576 | ||
Ending balance | 205,340 | 223,967 | ||
Allowance for off-balance sheet credit losses [Roll Forward] | ||||
Beginning balance | 1,790 | 3,734 | ||
Provision for off-balance sheet credit losses | 31 | 401 | ||
Ending balance | 1,821 | 4,135 | ||
Total provision for credit losses | 8,000 | (5,000) | ||
Recorded investment [Abstract] | ||||
Collectively measured for impairment, recorded investment | $ 21,606,403 | $ 21,493,483 | ||
Individually measured for impairment, recorded investment | 152,577 | 163,247 | ||
Total | 21,758,980 | 21,656,730 | ||
Related allowance [Abstract] | ||||
Collectively measured for impairment, related allowance | 182,619 | 180,957 | ||
Individually measured for impairment, related allowance | 3,543 | 8,732 | ||
Total | 207,457 | 230,682 | 205,340 | 207,457 |
Commercial [Member] | ||||
Allowance for loan losses [Roll Forward] | ||||
Beginning balance | 102,226 | 124,269 | ||
Provision for loan losses | 11,108 | (3,111) | ||
Loans charged off | (10,468) | (1,563) | ||
Recoveries | 711 | 488 | ||
Ending balance | 103,577 | 120,083 | ||
Allowance for off-balance sheet credit losses [Roll Forward] | ||||
Beginning balance | 1,655 | 3,644 | ||
Provision for off-balance sheet credit losses | 70 | 383 | ||
Ending balance | 1,725 | 4,027 | ||
Total provision for credit losses | 11,178 | (2,728) | ||
Recorded investment [Abstract] | ||||
Collectively measured for impairment, recorded investment | 13,871,617 | 13,536,237 | ||
Individually measured for impairment, recorded investment | 90,358 | 99,841 | ||
Total | 13,961,975 | 13,636,078 | ||
Related allowance [Abstract] | ||||
Collectively measured for impairment, related allowance | 100,034 | 93,494 | ||
Individually measured for impairment, related allowance | 3,543 | 8,732 | ||
Total | 103,577 | 124,269 | 103,577 | 102,226 |
Commercial real estate [Member] | ||||
Allowance for loan losses [Roll Forward] | ||||
Beginning balance | 60,026 | 56,621 | ||
Provision for loan losses | (2,004) | 266 | ||
Loans charged off | 0 | 0 | ||
Recoveries | 112 | 183 | ||
Ending balance | 58,134 | 57,070 | ||
Allowance for off-balance sheet credit losses [Roll Forward] | ||||
Beginning balance | 52 | 45 | ||
Provision for off-balance sheet credit losses | (4) | (1) | ||
Ending balance | 48 | 44 | ||
Total provision for credit losses | (2,008) | 265 | ||
Recorded investment [Abstract] | ||||
Collectively measured for impairment, recorded investment | 4,579,143 | 4,743,192 | ||
Individually measured for impairment, recorded investment | 21,508 | 21,621 | ||
Total | 4,600,651 | 4,764,813 | ||
Related allowance [Abstract] | ||||
Collectively measured for impairment, related allowance | 58,134 | 60,026 | ||
Individually measured for impairment, related allowance | 0 | 0 | ||
Total | 60,026 | 56,621 | 58,134 | 60,026 |
Residential mortgage [Member] | ||||
Allowance for loan losses [Roll Forward] | ||||
Beginning balance | 17,964 | 18,451 | ||
Provision for loan losses | (2,408) | (162) | ||
Loans charged off | (42) | (100) | ||
Recoveries | 154 | 242 | ||
Ending balance | 15,668 | 18,431 | ||
Allowance for off-balance sheet credit losses [Roll Forward] | ||||
Beginning balance | 52 | 43 | ||
Provision for off-balance sheet credit losses | (5) | 19 | ||
Ending balance | 47 | 62 | ||
Total provision for credit losses | (2,413) | (143) | ||
Recorded investment [Abstract] | ||||
Collectively measured for impairment, recorded investment | 2,152,211 | 2,188,478 | ||
Individually measured for impairment, recorded investment | 40,409 | 41,555 | ||
Total | 2,192,620 | 2,230,033 | ||
Related allowance [Abstract] | ||||
Collectively measured for impairment, related allowance | 15,668 | 17,964 | ||
Individually measured for impairment, related allowance | 0 | 0 | ||
Total | 15,668 | 18,451 | 15,668 | 17,964 |
Personal [Member] | ||||
Allowance for loan losses [Roll Forward] | ||||
Beginning balance | 9,473 | 9,124 | ||
Provision for loan losses | (137) | (152) | ||
Loans charged off | (1,265) | (1,227) | ||
Recoveries | 712 | 663 | ||
Ending balance | 8,783 | 8,408 | ||
Allowance for off-balance sheet credit losses [Roll Forward] | ||||
Beginning balance | 31 | 2 | ||
Provision for off-balance sheet credit losses | (30) | 0 | ||
Ending balance | 1 | 2 | ||
Total provision for credit losses | (167) | (152) | ||
Recorded investment [Abstract] | ||||
Collectively measured for impairment, recorded investment | 1,003,432 | 1,025,576 | ||
Individually measured for impairment, recorded investment | 302 | 230 | ||
Total | 1,003,734 | 1,025,806 | ||
Related allowance [Abstract] | ||||
Collectively measured for impairment, related allowance | 8,783 | 9,473 | ||
Individually measured for impairment, related allowance | 0 | 0 | ||
Total | 9,473 | 9,124 | 8,783 | 9,473 |
Specific Allowance [Member] | ||||
Allowance for loan losses [Roll Forward] | ||||
Beginning balance | 189,689 | |||
Ending balance | 186,162 | |||
Recorded investment [Abstract] | ||||
Collectively measured for impairment, recorded investment | 21,606,403 | 21,493,483 | ||
Individually measured for impairment, recorded investment | 152,577 | 163,247 | ||
Total | 21,758,980 | 21,656,730 | ||
Related allowance [Abstract] | ||||
Collectively measured for impairment, related allowance | 182,619 | 180,957 | ||
Individually measured for impairment, related allowance | 3,543 | 8,732 | ||
Total | 186,162 | 186,162 | 189,689 | |
Nonspecific Allowance [Member] | ||||
Allowance for loan losses [Roll Forward] | ||||
Beginning balance | 17,768 | 22,217 | ||
Provision for loan losses | 1,410 | (2,242) | ||
Loans charged off | 0 | 0 | ||
Recoveries | 0 | 0 | ||
Ending balance | 19,178 | 19,975 | ||
Allowance for off-balance sheet credit losses [Roll Forward] | ||||
Beginning balance | 0 | 0 | ||
Provision for off-balance sheet credit losses | 0 | 0 | ||
Ending balance | 0 | 0 | ||
Total provision for credit losses | 1,410 | (2,242) | ||
Recorded investment [Abstract] | ||||
Collectively measured for impairment, recorded investment | 0 | 0 | ||
Individually measured for impairment, recorded investment | 0 | 0 | ||
Total | 0 | 0 | ||
Related allowance [Abstract] | ||||
Collectively measured for impairment, related allowance | 0 | 0 | ||
Individually measured for impairment, related allowance | 0 | 0 | ||
Total | $ 19,178 | $ 22,217 | $ 19,178 | $ 17,768 |
Loans and Allowances for Credit Losses, Credit Quality Indicators (Details) - USD ($) $ in Thousands |
Mar. 31, 2019 |
Dec. 31, 2018 |
Mar. 31, 2018 |
Dec. 31, 2017 |
---|---|---|---|---|
Recorded Investment [Abstract] | ||||
Internally Risk Graded, Recorded Investment | $ 19,720,294 | $ 19,805,403 | ||
Non-Graded, Recorded Investment | 2,038,686 | 1,851,327 | ||
Total | 21,758,980 | 21,656,730 | ||
Related Allowance [Abstract] | ||||
Internally Risk Graded, Allowance | 170,583 | 171,272 | ||
Non-Graded, Allowance | 15,579 | 18,417 | ||
Total | 205,340 | 207,457 | $ 223,967 | $ 230,682 |
Commercial [Member] | ||||
Recorded Investment [Abstract] | ||||
Internally Risk Graded, Recorded Investment | 13,931,425 | 13,586,654 | ||
Non-Graded, Recorded Investment | 30,550 | 49,424 | ||
Total | 13,961,975 | 13,636,078 | ||
Related Allowance [Abstract] | ||||
Internally Risk Graded, Allowance | 102,646 | 101,303 | ||
Non-Graded, Allowance | 931 | 923 | ||
Total | 103,577 | 102,226 | 120,083 | 124,269 |
Commercial [Member] | Energy [Member] | ||||
Recorded Investment [Abstract] | ||||
Total | 3,705,099 | 3,590,333 | ||
Commercial [Member] | Services [Member] | ||||
Recorded Investment [Abstract] | ||||
Total | 3,287,563 | 3,258,192 | ||
Commercial [Member] | Wholesale/retail [Member] | ||||
Recorded Investment [Abstract] | ||||
Total | 1,706,900 | 1,621,158 | ||
Commercial [Member] | Manufacturing [Member] | ||||
Recorded Investment [Abstract] | ||||
Total | 742,374 | 730,521 | ||
Commercial [Member] | Healthcare [Member] | ||||
Recorded Investment [Abstract] | ||||
Total | 2,915,885 | 2,799,277 | ||
Commercial [Member] | Public finance [Member] | ||||
Recorded Investment [Abstract] | ||||
Total | 803,083 | 804,550 | ||
Commercial [Member] | Other commercial and industrial [Member] | ||||
Recorded Investment [Abstract] | ||||
Total | 801,071 | 832,047 | ||
Commercial real estate [Member] | ||||
Recorded Investment [Abstract] | ||||
Internally Risk Graded, Recorded Investment | 4,600,651 | 4,764,813 | ||
Non-Graded, Recorded Investment | 0 | 0 | ||
Total | 4,600,651 | 4,764,813 | ||
Related Allowance [Abstract] | ||||
Internally Risk Graded, Allowance | 58,134 | 60,026 | ||
Non-Graded, Allowance | 0 | 0 | ||
Total | 58,134 | 60,026 | 57,070 | 56,621 |
Commercial real estate [Member] | Residential construction and land development [Member] | ||||
Recorded Investment [Abstract] | ||||
Total | 149,686 | 148,584 | ||
Commercial real estate [Member] | Retail [Member] | ||||
Recorded Investment [Abstract] | ||||
Total | 890,685 | 919,082 | ||
Commercial real estate [Member] | Office [Member] | ||||
Recorded Investment [Abstract] | ||||
Total | 1,033,158 | 1,072,920 | ||
Commercial real estate [Member] | Multifamily [Member] | ||||
Recorded Investment [Abstract] | ||||
Total | 1,210,358 | 1,288,065 | ||
Commercial real estate [Member] | Industrial [Member] | ||||
Recorded Investment [Abstract] | ||||
Total | 767,757 | 778,106 | ||
Commercial real estate [Member] | Other commercial real estate [Member] | ||||
Recorded Investment [Abstract] | ||||
Total | 549,007 | 558,056 | ||
Residential mortgage [Member] | ||||
Recorded Investment [Abstract] | ||||
Internally Risk Graded, Recorded Investment | 275,875 | 505,046 | ||
Non-Graded, Recorded Investment | 1,916,745 | 1,724,987 | ||
Total | 2,192,620 | 2,230,033 | ||
Related Allowance [Abstract] | ||||
Internally Risk Graded, Allowance | 3,176 | 3,310 | ||
Non-Graded, Allowance | 12,492 | 14,654 | ||
Total | 15,668 | 17,964 | 18,431 | 18,451 |
Residential mortgage [Member] | Permanent mortgage [Member] | ||||
Recorded Investment [Abstract] | ||||
Total | 1,098,481 | 1,122,610 | ||
Residential mortgage [Member] | Permanent mortgages guaranteed by US government agencies [Member] | ||||
Recorded Investment [Abstract] | ||||
Total | 193,308 | 190,866 | ||
Residential mortgage [Member] | Home equity [Member] | ||||
Recorded Investment [Abstract] | ||||
Total | 900,831 | 916,557 | ||
Personal [Member] | ||||
Recorded Investment [Abstract] | ||||
Internally Risk Graded, Recorded Investment | 912,343 | 948,890 | ||
Non-Graded, Recorded Investment | 91,391 | 76,916 | ||
Total | 1,003,734 | 1,025,806 | ||
Related Allowance [Abstract] | ||||
Internally Risk Graded, Allowance | 6,627 | 6,633 | ||
Non-Graded, Allowance | 2,156 | 2,840 | ||
Total | 8,783 | 9,473 | 8,408 | 9,124 |
Specific Allowance [Member] | ||||
Recorded Investment [Abstract] | ||||
Internally Risk Graded, Recorded Investment | 19,720,294 | 19,805,403 | ||
Non-Graded, Recorded Investment | 2,038,686 | 1,851,327 | ||
Total | 21,758,980 | 21,656,730 | ||
Related Allowance [Abstract] | ||||
Internally Risk Graded, Allowance | 170,583 | 171,272 | ||
Non-Graded, Allowance | 15,579 | 18,417 | ||
Total | 186,162 | 189,689 | ||
Nonspecific Allowance [Member] | ||||
Recorded Investment [Abstract] | ||||
Internally Risk Graded, Recorded Investment | 0 | 0 | ||
Non-Graded, Recorded Investment | 0 | 0 | ||
Total | 0 | 0 | ||
Related Allowance [Abstract] | ||||
Internally Risk Graded, Allowance | 0 | 0 | ||
Non-Graded, Allowance | 0 | 0 | ||
Total | 19,178 | 17,768 | $ 19,975 | $ 22,217 |
Performing [Member] | ||||
Recorded Investment [Abstract] | ||||
Non-Graded, Recorded Investment | 1,998,899 | 1,811,557 | ||
Performing [Member] | Commercial [Member] | ||||
Recorded Investment [Abstract] | ||||
Non-Graded, Recorded Investment | 30,489 | 49,371 | ||
Performing [Member] | Commercial [Member] | Energy [Member] | ||||
Recorded Investment [Abstract] | ||||
Non-Graded, Recorded Investment | 0 | 0 | ||
Performing [Member] | Commercial [Member] | Services [Member] | ||||
Recorded Investment [Abstract] | ||||
Non-Graded, Recorded Investment | 0 | 0 | ||
Performing [Member] | Commercial [Member] | Wholesale/retail [Member] | ||||
Recorded Investment [Abstract] | ||||
Non-Graded, Recorded Investment | 0 | 0 | ||
Performing [Member] | Commercial [Member] | Manufacturing [Member] | ||||
Recorded Investment [Abstract] | ||||
Non-Graded, Recorded Investment | 0 | 0 | ||
Performing [Member] | Commercial [Member] | Healthcare [Member] | ||||
Recorded Investment [Abstract] | ||||
Non-Graded, Recorded Investment | 0 | 0 | ||
Performing [Member] | Commercial [Member] | Public finance [Member] | ||||
Recorded Investment [Abstract] | ||||
Non-Graded, Recorded Investment | 0 | 0 | ||
Performing [Member] | Commercial [Member] | Other commercial and industrial [Member] | ||||
Recorded Investment [Abstract] | ||||
Non-Graded, Recorded Investment | 30,489 | 49,371 | ||
Performing [Member] | Commercial real estate [Member] | ||||
Recorded Investment [Abstract] | ||||
Non-Graded, Recorded Investment | 0 | 0 | ||
Performing [Member] | Commercial real estate [Member] | Residential construction and land development [Member] | ||||
Recorded Investment [Abstract] | ||||
Non-Graded, Recorded Investment | 0 | 0 | ||
Performing [Member] | Commercial real estate [Member] | Retail [Member] | ||||
Recorded Investment [Abstract] | ||||
Non-Graded, Recorded Investment | 0 | 0 | ||
Performing [Member] | Commercial real estate [Member] | Office [Member] | ||||
Recorded Investment [Abstract] | ||||
Non-Graded, Recorded Investment | 0 | 0 | ||
Performing [Member] | Commercial real estate [Member] | Multifamily [Member] | ||||
Recorded Investment [Abstract] | ||||
Non-Graded, Recorded Investment | 0 | 0 | ||
Performing [Member] | Commercial real estate [Member] | Industrial [Member] | ||||
Recorded Investment [Abstract] | ||||
Non-Graded, Recorded Investment | 0 | 0 | ||
Performing [Member] | Commercial real estate [Member] | Other commercial real estate [Member] | ||||
Recorded Investment [Abstract] | ||||
Non-Graded, Recorded Investment | 0 | 0 | ||
Performing [Member] | Residential mortgage [Member] | ||||
Recorded Investment [Abstract] | ||||
Non-Graded, Recorded Investment | 1,877,245 | 1,685,424 | ||
Performing [Member] | Residential mortgage [Member] | Permanent mortgage [Member] | ||||
Recorded Investment [Abstract] | ||||
Non-Graded, Recorded Investment | 800,578 | 819,199 | ||
Performing [Member] | Residential mortgage [Member] | Permanent mortgages guaranteed by US government agencies [Member] | ||||
Recorded Investment [Abstract] | ||||
Non-Graded, Recorded Investment | 186,362 | 183,734 | ||
Performing [Member] | Residential mortgage [Member] | Home equity [Member] | ||||
Recorded Investment [Abstract] | ||||
Non-Graded, Recorded Investment | 890,305 | 682,491 | ||
Performing [Member] | Personal [Member] | ||||
Recorded Investment [Abstract] | ||||
Non-Graded, Recorded Investment | 91,165 | 76,762 | ||
Performing [Member] | Pass [Member] | ||||
Recorded Investment [Abstract] | ||||
Internally Risk Graded, Recorded Investment | 19,242,855 | 19,285,126 | ||
Performing [Member] | Pass [Member] | Commercial [Member] | ||||
Recorded Investment [Abstract] | ||||
Internally Risk Graded, Recorded Investment | 13,508,082 | 13,135,068 | ||
Performing [Member] | Pass [Member] | Commercial [Member] | Energy [Member] | ||||
Recorded Investment [Abstract] | ||||
Internally Risk Graded, Recorded Investment | 3,549,167 | 3,414,039 | ||
Performing [Member] | Pass [Member] | Commercial [Member] | Services [Member] | ||||
Recorded Investment [Abstract] | ||||
Internally Risk Graded, Recorded Investment | 3,189,490 | 3,167,203 | ||
Performing [Member] | Pass [Member] | Commercial [Member] | Wholesale/retail [Member] | ||||
Recorded Investment [Abstract] | ||||
Internally Risk Graded, Recorded Investment | 1,675,248 | 1,593,902 | ||
Performing [Member] | Pass [Member] | Commercial [Member] | Manufacturing [Member] | ||||
Recorded Investment [Abstract] | ||||
Internally Risk Graded, Recorded Investment | 677,497 | 668,438 | ||
Performing [Member] | Pass [Member] | Commercial [Member] | Healthcare [Member] | ||||
Recorded Investment [Abstract] | ||||
Internally Risk Graded, Recorded Investment | 2,869,515 | 2,730,121 | ||
Performing [Member] | Pass [Member] | Commercial [Member] | Public finance [Member] | ||||
Recorded Investment [Abstract] | ||||
Internally Risk Graded, Recorded Investment | 803,083 | 804,550 | ||
Performing [Member] | Pass [Member] | Commercial [Member] | Other commercial and industrial [Member] | ||||
Recorded Investment [Abstract] | ||||
Internally Risk Graded, Recorded Investment | 744,082 | 756,815 | ||
Performing [Member] | Pass [Member] | Commercial real estate [Member] | ||||
Recorded Investment [Abstract] | ||||
Internally Risk Graded, Recorded Investment | 4,549,845 | 4,712,826 | ||
Performing [Member] | Pass [Member] | Commercial real estate [Member] | Residential construction and land development [Member] | ||||
Recorded Investment [Abstract] | ||||
Internally Risk Graded, Recorded Investment | 149,336 | 148,234 | ||
Performing [Member] | Pass [Member] | Commercial real estate [Member] | Retail [Member] | ||||
Recorded Investment [Abstract] | ||||
Internally Risk Graded, Recorded Investment | 857,698 | 885,588 | ||
Performing [Member] | Pass [Member] | Commercial real estate [Member] | Office [Member] | ||||
Recorded Investment [Abstract] | ||||
Internally Risk Graded, Recorded Investment | 1,024,892 | 1,059,334 | ||
Performing [Member] | Pass [Member] | Commercial real estate [Member] | Multifamily [Member] | ||||
Recorded Investment [Abstract] | ||||
Internally Risk Graded, Recorded Investment | 1,203,220 | 1,287,471 | ||
Performing [Member] | Pass [Member] | Commercial real estate [Member] | Industrial [Member] | ||||
Recorded Investment [Abstract] | ||||
Internally Risk Graded, Recorded Investment | 767,757 | 776,898 | ||
Performing [Member] | Pass [Member] | Commercial real estate [Member] | Other commercial real estate [Member] | ||||
Recorded Investment [Abstract] | ||||
Internally Risk Graded, Recorded Investment | 546,942 | 555,301 | ||
Performing [Member] | Pass [Member] | Residential mortgage [Member] | ||||
Recorded Investment [Abstract] | ||||
Internally Risk Graded, Recorded Investment | 272,741 | 492,976 | ||
Performing [Member] | Pass [Member] | Residential mortgage [Member] | Permanent mortgage [Member] | ||||
Recorded Investment [Abstract] | ||||
Internally Risk Graded, Recorded Investment | 272,741 | 269,678 | ||
Performing [Member] | Pass [Member] | Residential mortgage [Member] | Permanent mortgages guaranteed by US government agencies [Member] | ||||
Recorded Investment [Abstract] | ||||
Internally Risk Graded, Recorded Investment | 0 | 0 | ||
Performing [Member] | Pass [Member] | Residential mortgage [Member] | Home equity [Member] | ||||
Recorded Investment [Abstract] | ||||
Internally Risk Graded, Recorded Investment | 0 | 223,298 | ||
Performing [Member] | Pass [Member] | Personal [Member] | ||||
Recorded Investment [Abstract] | ||||
Internally Risk Graded, Recorded Investment | 912,187 | 944,256 | ||
Performing [Member] | Other Loans Especially Mentioned [Member] | ||||
Recorded Investment [Abstract] | ||||
Internally Risk Graded, Recorded Investment | 195,739 | 181,960 | ||
Performing [Member] | Other Loans Especially Mentioned [Member] | Commercial [Member] | ||||
Recorded Investment [Abstract] | ||||
Internally Risk Graded, Recorded Investment | 171,717 | 157,866 | ||
Performing [Member] | Other Loans Especially Mentioned [Member] | Commercial [Member] | Energy [Member] | ||||
Recorded Investment [Abstract] | ||||
Internally Risk Graded, Recorded Investment | 39,285 | 42,176 | ||
Performing [Member] | Other Loans Especially Mentioned [Member] | Commercial [Member] | Services [Member] | ||||
Recorded Investment [Abstract] | ||||
Internally Risk Graded, Recorded Investment | 60,361 | 49,761 | ||
Performing [Member] | Other Loans Especially Mentioned [Member] | Commercial [Member] | Wholesale/retail [Member] | ||||
Recorded Investment [Abstract] | ||||
Internally Risk Graded, Recorded Investment | 21,100 | 18,809 | ||
Performing [Member] | Other Loans Especially Mentioned [Member] | Commercial [Member] | Manufacturing [Member] | ||||
Recorded Investment [Abstract] | ||||
Internally Risk Graded, Recorded Investment | 34,033 | 30,934 | ||
Performing [Member] | Other Loans Especially Mentioned [Member] | Commercial [Member] | Healthcare [Member] | ||||
Recorded Investment [Abstract] | ||||
Internally Risk Graded, Recorded Investment | 13,748 | 14,920 | ||
Performing [Member] | Other Loans Especially Mentioned [Member] | Commercial [Member] | Public finance [Member] | ||||
Recorded Investment [Abstract] | ||||
Internally Risk Graded, Recorded Investment | 0 | 0 | ||
Performing [Member] | Other Loans Especially Mentioned [Member] | Commercial [Member] | Other commercial and industrial [Member] | ||||
Recorded Investment [Abstract] | ||||
Internally Risk Graded, Recorded Investment | 3,190 | 1,266 | ||
Performing [Member] | Other Loans Especially Mentioned [Member] | Commercial real estate [Member] | ||||
Recorded Investment [Abstract] | ||||
Internally Risk Graded, Recorded Investment | 23,975 | 23,927 | ||
Performing [Member] | Other Loans Especially Mentioned [Member] | Commercial real estate [Member] | Residential construction and land development [Member] | ||||
Recorded Investment [Abstract] | ||||
Internally Risk Graded, Recorded Investment | 0 | 0 | ||
Performing [Member] | Other Loans Especially Mentioned [Member] | Commercial real estate [Member] | Retail [Member] | ||||
Recorded Investment [Abstract] | ||||
Internally Risk Graded, Recorded Investment | 11,549 | 11,926 | ||
Performing [Member] | Other Loans Especially Mentioned [Member] | Commercial real estate [Member] | Office [Member] | ||||
Recorded Investment [Abstract] | ||||
Internally Risk Graded, Recorded Investment | 4,219 | 10,532 | ||
Performing [Member] | Other Loans Especially Mentioned [Member] | Commercial real estate [Member] | Multifamily [Member] | ||||
Recorded Investment [Abstract] | ||||
Internally Risk Graded, Recorded Investment | 7,136 | 281 | ||
Performing [Member] | Other Loans Especially Mentioned [Member] | Commercial real estate [Member] | Industrial [Member] | ||||
Recorded Investment [Abstract] | ||||
Internally Risk Graded, Recorded Investment | 0 | 0 | ||
Performing [Member] | Other Loans Especially Mentioned [Member] | Commercial real estate [Member] | Other commercial real estate [Member] | ||||
Recorded Investment [Abstract] | ||||
Internally Risk Graded, Recorded Investment | 1,071 | 1,188 | ||
Performing [Member] | Other Loans Especially Mentioned [Member] | Residential mortgage [Member] | ||||
Recorded Investment [Abstract] | ||||
Internally Risk Graded, Recorded Investment | 0 | 52 | ||
Performing [Member] | Other Loans Especially Mentioned [Member] | Residential mortgage [Member] | Permanent mortgage [Member] | ||||
Recorded Investment [Abstract] | ||||
Internally Risk Graded, Recorded Investment | 0 | 52 | ||
Performing [Member] | Other Loans Especially Mentioned [Member] | Residential mortgage [Member] | Permanent mortgages guaranteed by US government agencies [Member] | ||||
Recorded Investment [Abstract] | ||||
Internally Risk Graded, Recorded Investment | 0 | 0 | ||
Performing [Member] | Other Loans Especially Mentioned [Member] | Residential mortgage [Member] | Home equity [Member] | ||||
Recorded Investment [Abstract] | ||||
Internally Risk Graded, Recorded Investment | 0 | 0 | ||
Performing [Member] | Other Loans Especially Mentioned [Member] | Personal [Member] | ||||
Recorded Investment [Abstract] | ||||
Internally Risk Graded, Recorded Investment | 47 | 115 | ||
Performing [Member] | Substandard [Member] | ||||
Recorded Investment [Abstract] | ||||
Internally Risk Graded, Recorded Investment | 168,910 | 214,840 | ||
Performing [Member] | Substandard [Member] | Commercial [Member] | ||||
Recorded Investment [Abstract] | ||||
Internally Risk Graded, Recorded Investment | 161,329 | 193,932 | ||
Performing [Member] | Substandard [Member] | Commercial [Member] | Energy [Member] | ||||
Recorded Investment [Abstract] | ||||
Internally Risk Graded, Recorded Investment | 81,315 | 86,624 | ||
Performing [Member] | Substandard [Member] | Commercial [Member] | Services [Member] | ||||
Recorded Investment [Abstract] | ||||
Internally Risk Graded, Recorded Investment | 28,157 | 32,661 | ||
Performing [Member] | Substandard [Member] | Commercial [Member] | Wholesale/retail [Member] | ||||
Recorded Investment [Abstract] | ||||
Internally Risk Graded, Recorded Investment | 9,127 | 7,131 | ||
Performing [Member] | Substandard [Member] | Commercial [Member] | Manufacturing [Member] | ||||
Recorded Investment [Abstract] | ||||
Internally Risk Graded, Recorded Investment | 21,296 | 22,230 | ||
Performing [Member] | Substandard [Member] | Commercial [Member] | Healthcare [Member] | ||||
Recorded Investment [Abstract] | ||||
Internally Risk Graded, Recorded Investment | 13,854 | 37,698 | ||
Performing [Member] | Substandard [Member] | Commercial [Member] | Public finance [Member] | ||||
Recorded Investment [Abstract] | ||||
Internally Risk Graded, Recorded Investment | 0 | 0 | ||
Performing [Member] | Substandard [Member] | Commercial [Member] | Other commercial and industrial [Member] | ||||
Recorded Investment [Abstract] | ||||
Internally Risk Graded, Recorded Investment | 7,580 | 7,588 | ||
Performing [Member] | Substandard [Member] | Commercial real estate [Member] | ||||
Recorded Investment [Abstract] | ||||
Internally Risk Graded, Recorded Investment | 5,323 | 6,439 | ||
Performing [Member] | Substandard [Member] | Commercial real estate [Member] | Residential construction and land development [Member] | ||||
Recorded Investment [Abstract] | ||||
Internally Risk Graded, Recorded Investment | 0 | 0 | ||
Performing [Member] | Substandard [Member] | Commercial real estate [Member] | Retail [Member] | ||||
Recorded Investment [Abstract] | ||||
Internally Risk Graded, Recorded Investment | 1,279 | 1,289 | ||
Performing [Member] | Substandard [Member] | Commercial real estate [Member] | Office [Member] | ||||
Recorded Investment [Abstract] | ||||
Internally Risk Graded, Recorded Investment | 3,192 | 3,054 | ||
Performing [Member] | Substandard [Member] | Commercial real estate [Member] | Multifamily [Member] | ||||
Recorded Investment [Abstract] | ||||
Internally Risk Graded, Recorded Investment | 2 | 12 | ||
Performing [Member] | Substandard [Member] | Commercial real estate [Member] | Industrial [Member] | ||||
Recorded Investment [Abstract] | ||||
Internally Risk Graded, Recorded Investment | 0 | 1,208 | ||
Performing [Member] | Substandard [Member] | Commercial real estate [Member] | Other commercial real estate [Member] | ||||
Recorded Investment [Abstract] | ||||
Internally Risk Graded, Recorded Investment | 850 | 876 | ||
Performing [Member] | Substandard [Member] | Residential mortgage [Member] | ||||
Recorded Investment [Abstract] | ||||
Internally Risk Graded, Recorded Investment | 2,225 | 10,026 | ||
Performing [Member] | Substandard [Member] | Residential mortgage [Member] | Permanent mortgage [Member] | ||||
Recorded Investment [Abstract] | ||||
Internally Risk Graded, Recorded Investment | 2,225 | 9,730 | ||
Performing [Member] | Substandard [Member] | Residential mortgage [Member] | Permanent mortgages guaranteed by US government agencies [Member] | ||||
Recorded Investment [Abstract] | ||||
Internally Risk Graded, Recorded Investment | 0 | 0 | ||
Performing [Member] | Substandard [Member] | Residential mortgage [Member] | Home equity [Member] | ||||
Recorded Investment [Abstract] | ||||
Internally Risk Graded, Recorded Investment | 0 | 296 | ||
Performing [Member] | Substandard [Member] | Personal [Member] | ||||
Recorded Investment [Abstract] | ||||
Internally Risk Graded, Recorded Investment | 33 | 4,443 | ||
Nonaccrual [Member] | ||||
Recorded Investment [Abstract] | ||||
Internally Risk Graded, Recorded Investment | 112,790 | 123,476 | ||
Non-Graded, Recorded Investment | 39,787 | 39,771 | ||
Nonaccrual [Member] | Commercial [Member] | ||||
Recorded Investment [Abstract] | ||||
Internally Risk Graded, Recorded Investment | 90,297 | 99,788 | ||
Non-Graded, Recorded Investment | 61 | 53 | ||
Nonaccrual [Member] | Commercial [Member] | Energy [Member] | ||||
Recorded Investment [Abstract] | ||||
Internally Risk Graded, Recorded Investment | 35,332 | 47,494 | ||
Non-Graded, Recorded Investment | 0 | 0 | ||
Nonaccrual [Member] | Commercial [Member] | Services [Member] | ||||
Recorded Investment [Abstract] | ||||
Internally Risk Graded, Recorded Investment | 9,555 | 8,567 | ||
Non-Graded, Recorded Investment | 0 | 0 | ||
Nonaccrual [Member] | Commercial [Member] | Wholesale/retail [Member] | ||||
Recorded Investment [Abstract] | ||||
Internally Risk Graded, Recorded Investment | 1,425 | 1,316 | ||
Non-Graded, Recorded Investment | 0 | 0 | ||
Nonaccrual [Member] | Commercial [Member] | Manufacturing [Member] | ||||
Recorded Investment [Abstract] | ||||
Internally Risk Graded, Recorded Investment | 9,548 | 8,919 | ||
Non-Graded, Recorded Investment | 0 | 0 | ||
Nonaccrual [Member] | Commercial [Member] | Healthcare [Member] | ||||
Recorded Investment [Abstract] | ||||
Internally Risk Graded, Recorded Investment | 18,768 | 16,538 | ||
Non-Graded, Recorded Investment | 0 | 0 | ||
Nonaccrual [Member] | Commercial [Member] | Public finance [Member] | ||||
Recorded Investment [Abstract] | ||||
Internally Risk Graded, Recorded Investment | 0 | 0 | ||
Non-Graded, Recorded Investment | 0 | 0 | ||
Nonaccrual [Member] | Commercial [Member] | Other commercial and industrial [Member] | ||||
Recorded Investment [Abstract] | ||||
Internally Risk Graded, Recorded Investment | 15,669 | 16,954 | ||
Non-Graded, Recorded Investment | 61 | 53 | ||
Nonaccrual [Member] | Commercial real estate [Member] | ||||
Recorded Investment [Abstract] | ||||
Internally Risk Graded, Recorded Investment | 21,508 | 21,621 | ||
Non-Graded, Recorded Investment | 0 | 0 | ||
Nonaccrual [Member] | Commercial real estate [Member] | Residential construction and land development [Member] | ||||
Recorded Investment [Abstract] | ||||
Internally Risk Graded, Recorded Investment | 350 | 350 | ||
Non-Graded, Recorded Investment | 0 | 0 | ||
Nonaccrual [Member] | Commercial real estate [Member] | Retail [Member] | ||||
Recorded Investment [Abstract] | ||||
Internally Risk Graded, Recorded Investment | 20,159 | 20,279 | ||
Non-Graded, Recorded Investment | 0 | 0 | ||
Nonaccrual [Member] | Commercial real estate [Member] | Office [Member] | ||||
Recorded Investment [Abstract] | ||||
Internally Risk Graded, Recorded Investment | 855 | 0 | ||
Non-Graded, Recorded Investment | 0 | 0 | ||
Nonaccrual [Member] | Commercial real estate [Member] | Multifamily [Member] | ||||
Recorded Investment [Abstract] | ||||
Internally Risk Graded, Recorded Investment | 0 | 301 | ||
Non-Graded, Recorded Investment | 0 | 0 | ||
Nonaccrual [Member] | Commercial real estate [Member] | Industrial [Member] | ||||
Recorded Investment [Abstract] | ||||
Internally Risk Graded, Recorded Investment | 0 | 0 | ||
Non-Graded, Recorded Investment | 0 | 0 | ||
Nonaccrual [Member] | Commercial real estate [Member] | Other commercial real estate [Member] | ||||
Recorded Investment [Abstract] | ||||
Internally Risk Graded, Recorded Investment | 144 | 691 | ||
Non-Graded, Recorded Investment | 0 | 0 | ||
Nonaccrual [Member] | Residential mortgage [Member] | ||||
Recorded Investment [Abstract] | ||||
Internally Risk Graded, Recorded Investment | 909 | 1,991 | ||
Non-Graded, Recorded Investment | 39,500 | 39,564 | ||
Nonaccrual [Member] | Residential mortgage [Member] | Permanent mortgage [Member] | ||||
Recorded Investment [Abstract] | ||||
Internally Risk Graded, Recorded Investment | 909 | 1,991 | ||
Non-Graded, Recorded Investment | 22,028 | 21,960 | ||
Nonaccrual [Member] | Residential mortgage [Member] | Permanent mortgages guaranteed by US government agencies [Member] | ||||
Recorded Investment [Abstract] | ||||
Internally Risk Graded, Recorded Investment | 0 | 0 | ||
Non-Graded, Recorded Investment | 6,946 | 7,132 | ||
Nonaccrual [Member] | Residential mortgage [Member] | Home equity [Member] | ||||
Recorded Investment [Abstract] | ||||
Internally Risk Graded, Recorded Investment | 0 | 0 | ||
Non-Graded, Recorded Investment | 10,526 | 10,472 | ||
Nonaccrual [Member] | Personal [Member] | ||||
Recorded Investment [Abstract] | ||||
Internally Risk Graded, Recorded Investment | 76 | 76 | ||
Non-Graded, Recorded Investment | $ 226 | $ 154 |
Loans and Allowance for Credit Losses, Impaired Loans (Details) - USD ($) $ in Thousands |
3 Months Ended | |
---|---|---|
Mar. 31, 2019 |
Dec. 31, 2018 |
|
Impaired loans [Abstract] | ||
Impaired loans, unpaid principal balance | $ 415,920 | $ 423,787 |
Impaired loans, recorded investment, total | 338,939 | 346,981 |
Impaired loans, recorded investment with no related allowance | 330,891 | 311,526 |
Impaired loans, recorded investment with related allowance | 8,048 | 35,455 |
Impaired loans, related allowance | 3,543 | 8,732 |
Impaired loans, average recorded investment | 346,225 | |
Impaired loans, interest income recognized | 2,203 | |
Commercial [Member] | ||
Impaired loans [Abstract] | ||
Impaired loans, unpaid principal balance | 153,786 | 156,163 |
Impaired loans, recorded investment, total | 90,358 | 99,841 |
Impaired loans, recorded investment with no related allowance | 82,310 | 64,386 |
Impaired loans, recorded investment with related allowance | 8,048 | 35,455 |
Impaired loans, related allowance | 3,543 | 8,732 |
Impaired loans, average recorded investment | 94,044 | |
Impaired loans, interest income recognized | 0 | |
Commercial [Member] | Energy [Member] | ||
Impaired loans [Abstract] | ||
Impaired loans, unpaid principal balance | 72,615 | 79,675 |
Impaired loans, recorded investment, total | 35,332 | 47,494 |
Impaired loans, recorded investment with no related allowance | 31,332 | 18,639 |
Impaired loans, recorded investment with related allowance | 4,000 | 28,855 |
Impaired loans, related allowance | 675 | 5,362 |
Impaired loans, average recorded investment | 45,627 | |
Impaired loans, interest income recognized | 0 | |
Commercial [Member] | Services [Member] | ||
Impaired loans [Abstract] | ||
Impaired loans, unpaid principal balance | 13,744 | 13,437 |
Impaired loans, recorded investment, total | 9,555 | 8,567 |
Impaired loans, recorded investment with no related allowance | 9,529 | 8,489 |
Impaired loans, recorded investment with related allowance | 26 | 78 |
Impaired loans, related allowance | 26 | 74 |
Impaired loans, average recorded investment | 7,378 | |
Impaired loans, interest income recognized | 0 | |
Commercial [Member] | Wholesale/retail [Member] | ||
Impaired loans [Abstract] | ||
Impaired loans, unpaid principal balance | 1,642 | 1,722 |
Impaired loans, recorded investment, total | 1,425 | 1,316 |
Impaired loans, recorded investment with no related allowance | 1,142 | 1,015 |
Impaired loans, recorded investment with related allowance | 283 | 301 |
Impaired loans, related allowance | 101 | 101 |
Impaired loans, average recorded investment | 1,047 | |
Impaired loans, interest income recognized | 0 | |
Commercial [Member] | Manufacturing [Member] | ||
Impaired loans [Abstract] | ||
Impaired loans, unpaid principal balance | 9,697 | 10,055 |
Impaired loans, recorded investment, total | 9,548 | 8,919 |
Impaired loans, recorded investment with no related allowance | 9,307 | 8,673 |
Impaired loans, recorded investment with related allowance | 241 | 246 |
Impaired loans, related allowance | 241 | 246 |
Impaired loans, average recorded investment | 8,851 | |
Impaired loans, interest income recognized | 0 | |
Impaired loans, unpaid principal balance to affiliates | 4,700 | |
Commercial [Member] | Healthcare [Member] | ||
Impaired loans [Abstract] | ||
Impaired loans, unpaid principal balance | 30,189 | 24,319 |
Impaired loans, recorded investment, total | 18,768 | 16,538 |
Impaired loans, recorded investment with no related allowance | 15,270 | 10,563 |
Impaired loans, recorded investment with related allowance | 3,498 | 5,975 |
Impaired loans, related allowance | 2,500 | 2,949 |
Impaired loans, average recorded investment | 14,926 | |
Impaired loans, interest income recognized | 0 | |
Commercial [Member] | Public finance [Member] | ||
Impaired loans [Abstract] | ||
Impaired loans, unpaid principal balance | 0 | 0 |
Impaired loans, recorded investment, total | 0 | 0 |
Impaired loans, recorded investment with no related allowance | 0 | 0 |
Impaired loans, recorded investment with related allowance | 0 | 0 |
Impaired loans, related allowance | 0 | 0 |
Impaired loans, average recorded investment | 0 | |
Commercial [Member] | Other commercial and industrial [Member] | ||
Impaired loans [Abstract] | ||
Impaired loans, unpaid principal balance | 25,899 | 26,955 |
Impaired loans, recorded investment, total | 15,730 | 17,007 |
Impaired loans, recorded investment with no related allowance | 15,730 | 17,007 |
Impaired loans, recorded investment with related allowance | 0 | 0 |
Impaired loans, related allowance | 0 | 0 |
Impaired loans, average recorded investment | 16,215 | |
Impaired loans, interest income recognized | 0 | |
Commercial real estate [Member] | ||
Impaired loans [Abstract] | ||
Impaired loans, unpaid principal balance | 22,957 | 30,138 |
Impaired loans, recorded investment, total | 21,508 | 21,621 |
Impaired loans, recorded investment with no related allowance | 21,508 | 21,621 |
Impaired loans, recorded investment with related allowance | 0 | 0 |
Impaired loans, related allowance | 0 | 0 |
Impaired loans, average recorded investment | 21,565 | |
Impaired loans, interest income recognized | 0 | |
Commercial real estate [Member] | Residential construction and land development [Member] | ||
Impaired loans [Abstract] | ||
Impaired loans, unpaid principal balance | 1,306 | 1,306 |
Impaired loans, recorded investment, total | 350 | 350 |
Impaired loans, recorded investment with no related allowance | 350 | 350 |
Impaired loans, recorded investment with related allowance | 0 | 0 |
Impaired loans, related allowance | 0 | 0 |
Impaired loans, average recorded investment | 350 | |
Impaired loans, interest income recognized | 0 | |
Commercial real estate [Member] | Retail [Member] | ||
Impaired loans [Abstract] | ||
Impaired loans, unpaid principal balance | 20,491 | 27,680 |
Impaired loans, recorded investment, total | 20,159 | 20,279 |
Impaired loans, recorded investment with no related allowance | 20,159 | 20,279 |
Impaired loans, recorded investment with related allowance | 0 | 0 |
Impaired loans, related allowance | 0 | 0 |
Impaired loans, average recorded investment | 20,219 | |
Impaired loans, interest income recognized | 0 | |
Commercial real estate [Member] | Office [Member] | ||
Impaired loans [Abstract] | ||
Impaired loans, unpaid principal balance | 855 | 0 |
Impaired loans, recorded investment, total | 855 | 0 |
Impaired loans, recorded investment with no related allowance | 855 | 0 |
Impaired loans, recorded investment with related allowance | 0 | 0 |
Impaired loans, related allowance | 0 | 0 |
Impaired loans, average recorded investment | 427 | |
Impaired loans, interest income recognized | 0 | |
Commercial real estate [Member] | Multifamily [Member] | ||
Impaired loans [Abstract] | ||
Impaired loans, unpaid principal balance | 0 | 301 |
Impaired loans, recorded investment, total | 0 | 301 |
Impaired loans, recorded investment with no related allowance | 0 | 301 |
Impaired loans, recorded investment with related allowance | 0 | 0 |
Impaired loans, related allowance | 0 | 0 |
Impaired loans, average recorded investment | 151 | |
Impaired loans, interest income recognized | 0 | |
Commercial real estate [Member] | Industrial [Member] | ||
Impaired loans [Abstract] | ||
Impaired loans, unpaid principal balance | 0 | 0 |
Impaired loans, recorded investment, total | 0 | 0 |
Impaired loans, recorded investment with no related allowance | 0 | 0 |
Impaired loans, recorded investment with related allowance | 0 | 0 |
Impaired loans, related allowance | 0 | 0 |
Impaired loans, average recorded investment | 0 | |
Impaired loans, interest income recognized | 0 | |
Commercial real estate [Member] | Other commercial real estate [Member] | ||
Impaired loans [Abstract] | ||
Impaired loans, unpaid principal balance | 305 | 851 |
Impaired loans, recorded investment, total | 144 | 691 |
Impaired loans, recorded investment with no related allowance | 144 | 691 |
Impaired loans, recorded investment with related allowance | 0 | 0 |
Impaired loans, related allowance | 0 | 0 |
Impaired loans, average recorded investment | 418 | |
Impaired loans, interest income recognized | 0 | |
Residential mortgage [Member] | ||
Impaired loans [Abstract] | ||
Impaired loans, unpaid principal balance | 238,819 | 237,208 |
Impaired loans, recorded investment, total | 226,771 | 225,289 |
Impaired loans, recorded investment with no related allowance | 226,771 | 225,289 |
Impaired loans, recorded investment with related allowance | 0 | 0 |
Impaired loans, related allowance | 0 | 0 |
Impaired loans, average recorded investment | 230,350 | |
Impaired loans, interest income recognized | 2,203 | |
Residential mortgage [Member] | Permanent mortgage [Member] | ||
Impaired loans [Abstract] | ||
Impaired loans, unpaid principal balance | 27,658 | 28,716 |
Impaired loans, recorded investment, total | 22,937 | 23,951 |
Impaired loans, recorded investment with no related allowance | 22,937 | 23,951 |
Impaired loans, recorded investment with related allowance | 0 | 0 |
Impaired loans, related allowance | 0 | 0 |
Impaired loans, average recorded investment | 23,444 | |
Impaired loans, interest income recognized | 298 | |
Residential mortgage [Member] | Permanent mortgages guaranteed by US government agencies [Member] | ||
Impaired loans [Abstract] | ||
Impaired loans, unpaid principal balance | 198,882 | 196,296 |
Impaired loans, recorded investment, total | 193,308 | 190,866 |
Impaired loans, recorded investment with no related allowance | 193,308 | 190,866 |
Impaired loans, recorded investment with related allowance | 0 | 0 |
Impaired loans, related allowance | 0 | 0 |
Impaired loans, average recorded investment | 196,407 | |
Impaired loans, interest income recognized | 1,905 | |
Residential mortgage [Member] | Home equity [Member] | ||
Impaired loans [Abstract] | ||
Impaired loans, unpaid principal balance | 12,279 | 12,196 |
Impaired loans, recorded investment, total | 10,526 | 10,472 |
Impaired loans, recorded investment with no related allowance | 10,526 | 10,472 |
Impaired loans, recorded investment with related allowance | 0 | 0 |
Impaired loans, related allowance | 0 | 0 |
Impaired loans, average recorded investment | 10,499 | |
Impaired loans, interest income recognized | 0 | |
Personal [Member] | ||
Impaired loans [Abstract] | ||
Impaired loans, unpaid principal balance | 358 | 278 |
Impaired loans, recorded investment, total | 302 | 230 |
Impaired loans, recorded investment with no related allowance | 302 | 230 |
Impaired loans, recorded investment with related allowance | 0 | 0 |
Impaired loans, related allowance | 0 | $ 0 |
Impaired loans, average recorded investment | 266 | |
Impaired loans, interest income recognized | $ 0 |
Loans and Allowances for Credit Losses, Troubled Debt Restructurings (Details) - USD ($) $ in Millions |
3 Months Ended | ||
---|---|---|---|
Mar. 31, 2019 |
Mar. 31, 2018 |
Dec. 31, 2018 |
|
Financing Receivable, Modifications [Line Items] | |||
Troubled Debt Restructuring, Recorded Investment | $ 159 | $ 166 | |
Troubled Debt Restructuring, Performing in Accordance With Modified Terms | 81 | 71 | |
Financing Receivable, Modifications, Post-Modification Recorded Investment | 18 | $ 37 | |
Permanent mortgages guaranteed by US government agencies [Member] | Accruing [Member] | Residential mortgage [Member] | |||
Financing Receivable, Modifications [Line Items] | |||
Troubled Debt Restructuring, Recorded Investment | $ 92 | $ 86 |
Loans and Allowances for Credit Losses, By Aging Category (Details) - USD ($) |
Mar. 31, 2019 |
Dec. 31, 2018 |
---|---|---|
Financing receivable, recorded investment, aging [Abstract] | ||
Current | $ 21,416,097,000 | $ 21,308,989,000 |
Nonaccrual | 152,577,000 | 163,247,000 |
Total | 21,758,980,000 | 21,656,730,000 |
Commercial [Member] | ||
Financing receivable, recorded investment, aging [Abstract] | ||
Current | 13,838,225,000 | 13,521,894,000 |
Nonaccrual | 90,358,000 | 99,841,000 |
Total | 13,961,975,000 | 13,636,078,000 |
Commercial [Member] | Energy [Member] | ||
Financing receivable, recorded investment, aging [Abstract] | ||
Current | 3,669,767,000 | 3,542,839,000 |
Nonaccrual | 35,332,000 | 47,494,000 |
Total | 3,705,099,000 | 3,590,333,000 |
Commercial [Member] | Services [Member] | ||
Financing receivable, recorded investment, aging [Abstract] | ||
Current | 3,257,230,000 | 3,237,578,000 |
Nonaccrual | 9,555,000 | 8,567,000 |
Total | 3,287,563,000 | 3,258,192,000 |
Commercial [Member] | Wholesale/retail [Member] | ||
Financing receivable, recorded investment, aging [Abstract] | ||
Current | 1,704,415,000 | 1,619,290,000 |
Nonaccrual | 1,425,000 | 1,316,000 |
Total | 1,706,900,000 | 1,621,158,000 |
Commercial [Member] | Manufacturing [Member] | ||
Financing receivable, recorded investment, aging [Abstract] | ||
Current | 732,644,000 | 721,204,000 |
Nonaccrual | 9,548,000 | 8,919,000 |
Total | 742,374,000 | 730,521,000 |
Commercial [Member] | Healthcare [Member] | ||
Financing receivable, recorded investment, aging [Abstract] | ||
Current | 2,888,579,000 | 2,781,944,000 |
Nonaccrual | 18,768,000 | 16,538,000 |
Total | 2,915,885,000 | 2,799,277,000 |
Commercial [Member] | Public finance [Member] | ||
Financing receivable, recorded investment, aging [Abstract] | ||
Current | 803,083,000 | 804,550,000 |
Nonaccrual | 0 | 0 |
Total | 803,083,000 | 804,550,000 |
Commercial [Member] | Other commercial and industrial [Member] | ||
Financing receivable, recorded investment, aging [Abstract] | ||
Current | 782,507,000 | 814,489,000 |
Nonaccrual | 15,730,000 | 17,007,000 |
Total | 801,071,000 | 832,047,000 |
Commercial real estate [Member] | ||
Financing receivable, recorded investment, aging [Abstract] | ||
Current | 4,570,995,000 | 4,725,669,000 |
Nonaccrual | 21,508,000 | 21,621,000 |
Total | 4,600,651,000 | 4,764,813,000 |
Commercial real estate [Member] | Residential construction and land development [Member] | ||
Financing receivable, recorded investment, aging [Abstract] | ||
Current | 143,184,000 | 147,705,000 |
Nonaccrual | 350,000 | 350,000 |
Total | 149,686,000 | 148,584,000 |
Commercial real estate [Member] | Retail [Member] | ||
Financing receivable, recorded investment, aging [Abstract] | ||
Current | 870,526,000 | 884,424,000 |
Nonaccrual | 20,159,000 | 20,279,000 |
Total | 890,685,000 | 919,082,000 |
Commercial real estate [Member] | Office [Member] | ||
Financing receivable, recorded investment, aging [Abstract] | ||
Current | 1,032,239,000 | 1,072,920,000 |
Nonaccrual | 855,000 | 0 |
Total | 1,033,158,000 | 1,072,920,000 |
Commercial real estate [Member] | Multifamily [Member] | ||
Financing receivable, recorded investment, aging [Abstract] | ||
Current | 1,209,726,000 | 1,287,483,000 |
Nonaccrual | 0 | 301,000 |
Total | 1,210,358,000 | 1,288,065,000 |
Commercial real estate [Member] | Industrial [Member] | ||
Financing receivable, recorded investment, aging [Abstract] | ||
Current | 767,757,000 | 776,898,000 |
Nonaccrual | 0 | 0 |
Total | 767,757,000 | 778,106,000 |
Commercial real estate [Member] | Other commercial real estate [Member] | ||
Financing receivable, recorded investment, aging [Abstract] | ||
Current | 547,563,000 | 556,239,000 |
Nonaccrual | 144,000 | 691,000 |
Total | 549,007,000 | 558,056,000 |
Residential mortgage [Member] | ||
Financing receivable, recorded investment, aging [Abstract] | ||
Current | 2,003,808,000 | 2,037,128,000 |
Nonaccrual | 40,409,000 | 41,555,000 |
Total | 2,192,620,000 | 2,230,033,000 |
Residential mortgage [Member] | Permanent mortgage [Member] | ||
Financing receivable, recorded investment, aging [Abstract] | ||
Current | 1,070,150,000 | 1,095,097,000 |
Nonaccrual | 22,937,000 | 23,951,000 |
Total | 1,098,481,000 | 1,122,610,000 |
Residential mortgage [Member] | Permanent mortgages guaranteed by US government agencies [Member] | ||
Financing receivable, recorded investment, aging [Abstract] | ||
Current | 47,639,000 | 37,459,000 |
Nonaccrual | 6,946,000 | 7,132,000 |
Total | 193,308,000 | 190,866,000 |
Residential mortgage [Member] | Home equity [Member] | ||
Financing receivable, recorded investment, aging [Abstract] | ||
Current | 886,019,000 | 904,572,000 |
Nonaccrual | 10,526,000 | 10,472,000 |
Total | 900,831,000 | 916,557,000 |
Personal [Member] | ||
Financing receivable, recorded investment, aging [Abstract] | ||
Current | 1,003,069,000 | 1,024,298,000 |
Nonaccrual | 302,000 | 230,000 |
Total | 1,003,734,000 | 1,025,806,000 |
30 to 59 Days [Member] | ||
Financing receivable, recorded investment, aging [Abstract] | ||
Past Due | 87,990,000 | 53,350,000 |
30 to 59 Days [Member] | Commercial [Member] | ||
Financing receivable, recorded investment, aging [Abstract] | ||
Past Due | 31,761,000 | 7,675,000 |
30 to 59 Days [Member] | Commercial [Member] | Energy [Member] | ||
Financing receivable, recorded investment, aging [Abstract] | ||
Past Due | 0 | 0 |
30 to 59 Days [Member] | Commercial [Member] | Services [Member] | ||
Financing receivable, recorded investment, aging [Abstract] | ||
Past Due | 20,214,000 | 6,009,000 |
30 to 59 Days [Member] | Commercial [Member] | Wholesale/retail [Member] | ||
Financing receivable, recorded investment, aging [Abstract] | ||
Past Due | 833,000 | 515,000 |
30 to 59 Days [Member] | Commercial [Member] | Manufacturing [Member] | ||
Financing receivable, recorded investment, aging [Abstract] | ||
Past Due | 182,000 | 392,000 |
30 to 59 Days [Member] | Commercial [Member] | Healthcare [Member] | ||
Financing receivable, recorded investment, aging [Abstract] | ||
Past Due | 7,837,000 | 241,000 |
30 to 59 Days [Member] | Commercial [Member] | Public finance [Member] | ||
Financing receivable, recorded investment, aging [Abstract] | ||
Past Due | 0 | 0 |
30 to 59 Days [Member] | Commercial [Member] | Other commercial and industrial [Member] | ||
Financing receivable, recorded investment, aging [Abstract] | ||
Past Due | 2,695,000 | 518,000 |
30 to 59 Days [Member] | Commercial real estate [Member] | ||
Financing receivable, recorded investment, aging [Abstract] | ||
Past Due | 7,622,000 | 16,529,000 |
30 to 59 Days [Member] | Commercial real estate [Member] | Residential construction and land development [Member] | ||
Financing receivable, recorded investment, aging [Abstract] | ||
Past Due | 6,152,000 | 249,000 |
30 to 59 Days [Member] | Commercial real estate [Member] | Retail [Member] | ||
Financing receivable, recorded investment, aging [Abstract] | ||
Past Due | 0 | 14,379,000 |
30 to 59 Days [Member] | Commercial real estate [Member] | Office [Member] | ||
Financing receivable, recorded investment, aging [Abstract] | ||
Past Due | 0 | 0 |
30 to 59 Days [Member] | Commercial real estate [Member] | Multifamily [Member] | ||
Financing receivable, recorded investment, aging [Abstract] | ||
Past Due | 283,000 | 281,000 |
30 to 59 Days [Member] | Commercial real estate [Member] | Industrial [Member] | ||
Financing receivable, recorded investment, aging [Abstract] | ||
Past Due | 0 | 1,208,000 |
30 to 59 Days [Member] | Commercial real estate [Member] | Other commercial real estate [Member] | ||
Financing receivable, recorded investment, aging [Abstract] | ||
Past Due | 1,187,000 | 412,000 |
30 to 59 Days [Member] | Residential mortgage [Member] | ||
Financing receivable, recorded investment, aging [Abstract] | ||
Past Due | 48,260,000 | 28,667,000 |
30 to 59 Days [Member] | Residential mortgage [Member] | Permanent mortgage [Member] | ||
Financing receivable, recorded investment, aging [Abstract] | ||
Past Due | 5,394,000 | 3,196,000 |
30 to 59 Days [Member] | Residential mortgage [Member] | Permanent mortgages guaranteed by US government agencies [Member] | ||
Financing receivable, recorded investment, aging [Abstract] | ||
Past Due | 38,748,000 | 24,369,000 |
30 to 59 Days [Member] | Residential mortgage [Member] | Home equity [Member] | ||
Financing receivable, recorded investment, aging [Abstract] | ||
Past Due | 4,118,000 | 1,102,000 |
30 to 59 Days [Member] | Personal [Member] | ||
Financing receivable, recorded investment, aging [Abstract] | ||
Past Due | 347,000 | 479,000 |
60 to 89 Days [Member] | ||
Financing receivable, recorded investment, aging [Abstract] | ||
Past Due | 1,731,000 | 24,245,000 |
60 to 89 Days [Member] | Commercial [Member] | ||
Financing receivable, recorded investment, aging [Abstract] | ||
Past Due | 1,370,000 | 6,106,000 |
60 to 89 Days [Member] | Commercial [Member] | Energy [Member] | ||
Financing receivable, recorded investment, aging [Abstract] | ||
Past Due | 0 | 0 |
60 to 89 Days [Member] | Commercial [Member] | Services [Member] | ||
Financing receivable, recorded investment, aging [Abstract] | ||
Past Due | 442,000 | 6,038,000 |
60 to 89 Days [Member] | Commercial [Member] | Wholesale/retail [Member] | ||
Financing receivable, recorded investment, aging [Abstract] | ||
Past Due | 227,000 | 37,000 |
60 to 89 Days [Member] | Commercial [Member] | Manufacturing [Member] | ||
Financing receivable, recorded investment, aging [Abstract] | ||
Past Due | 0 | 6,000 |
60 to 89 Days [Member] | Commercial [Member] | Healthcare [Member] | ||
Financing receivable, recorded investment, aging [Abstract] | ||
Past Due | 701,000 | 0 |
60 to 89 Days [Member] | Commercial [Member] | Public finance [Member] | ||
Financing receivable, recorded investment, aging [Abstract] | ||
Past Due | 0 | 0 |
60 to 89 Days [Member] | Commercial [Member] | Other commercial and industrial [Member] | ||
Financing receivable, recorded investment, aging [Abstract] | ||
Past Due | 0 | 25,000 |
60 to 89 Days [Member] | Commercial real estate [Member] | ||
Financing receivable, recorded investment, aging [Abstract] | ||
Past Due | 177,000 | 280,000 |
60 to 89 Days [Member] | Commercial real estate [Member] | Residential construction and land development [Member] | ||
Financing receivable, recorded investment, aging [Abstract] | ||
Past Due | 0 | 280,000 |
60 to 89 Days [Member] | Commercial real estate [Member] | Retail [Member] | ||
Financing receivable, recorded investment, aging [Abstract] | ||
Past Due | 0 | 0 |
60 to 89 Days [Member] | Commercial real estate [Member] | Office [Member] | ||
Financing receivable, recorded investment, aging [Abstract] | ||
Past Due | 64,000 | 0 |
60 to 89 Days [Member] | Commercial real estate [Member] | Multifamily [Member] | ||
Financing receivable, recorded investment, aging [Abstract] | ||
Past Due | 0 | 0 |
60 to 89 Days [Member] | Commercial real estate [Member] | Industrial [Member] | ||
Financing receivable, recorded investment, aging [Abstract] | ||
Past Due | 0 | 0 |
60 to 89 Days [Member] | Commercial real estate [Member] | Other commercial real estate [Member] | ||
Financing receivable, recorded investment, aging [Abstract] | ||
Past Due | 113,000 | 0 |
60 to 89 Days [Member] | Residential mortgage [Member] | ||
Financing receivable, recorded investment, aging [Abstract] | ||
Past Due | 168,000 | 17,063,000 |
60 to 89 Days [Member] | Residential mortgage [Member] | Permanent mortgage [Member] | ||
Financing receivable, recorded investment, aging [Abstract] | ||
Past Due | 0 | 366,000 |
60 to 89 Days [Member] | Residential mortgage [Member] | Permanent mortgages guaranteed by US government agencies [Member] | ||
Financing receivable, recorded investment, aging [Abstract] | ||
Past Due | 0 | 16,345,000 |
60 to 89 Days [Member] | Residential mortgage [Member] | Home equity [Member] | ||
Financing receivable, recorded investment, aging [Abstract] | ||
Past Due | 168,000 | 352,000 |
60 to 89 Days [Member] | Personal [Member] | ||
Financing receivable, recorded investment, aging [Abstract] | ||
Past Due | 16,000 | 796,000 |
90 Days or More [Member] | ||
Financing receivable, recorded investment, aging [Abstract] | ||
Past Due | 100,585,000 | 106,899,000 |
90 Days or More [Member] | Commercial [Member] | ||
Financing receivable, recorded investment, aging [Abstract] | ||
Past Due | 261,000 | 562,000 |
90 Days or More [Member] | Commercial [Member] | Energy [Member] | ||
Financing receivable, recorded investment, aging [Abstract] | ||
Past Due | 0 | 0 |
90 Days or More [Member] | Commercial [Member] | Services [Member] | ||
Financing receivable, recorded investment, aging [Abstract] | ||
Past Due | 122,000 | 0 |
90 Days or More [Member] | Commercial [Member] | Wholesale/retail [Member] | ||
Financing receivable, recorded investment, aging [Abstract] | ||
Past Due | 0 | 0 |
90 Days or More [Member] | Commercial [Member] | Manufacturing [Member] | ||
Financing receivable, recorded investment, aging [Abstract] | ||
Past Due | 0 | 0 |
90 Days or More [Member] | Commercial [Member] | Healthcare [Member] | ||
Financing receivable, recorded investment, aging [Abstract] | ||
Past Due | 0 | 554,000 |
90 Days or More [Member] | Commercial [Member] | Public finance [Member] | ||
Financing receivable, recorded investment, aging [Abstract] | ||
Past Due | 0 | 0 |
90 Days or More [Member] | Commercial [Member] | Other commercial and industrial [Member] | ||
Financing receivable, recorded investment, aging [Abstract] | ||
Past Due | 139,000 | 8,000 |
90 Days or More [Member] | Commercial real estate [Member] | ||
Financing receivable, recorded investment, aging [Abstract] | ||
Past Due | 349,000 | 714,000 |
90 Days or More [Member] | Commercial real estate [Member] | Residential construction and land development [Member] | ||
Financing receivable, recorded investment, aging [Abstract] | ||
Past Due | 0 | 0 |
90 Days or More [Member] | Commercial real estate [Member] | Retail [Member] | ||
Financing receivable, recorded investment, aging [Abstract] | ||
Past Due | 0 | 0 |
90 Days or More [Member] | Commercial real estate [Member] | Office [Member] | ||
Financing receivable, recorded investment, aging [Abstract] | ||
Past Due | 0 | 0 |
90 Days or More [Member] | Commercial real estate [Member] | Multifamily [Member] | ||
Financing receivable, recorded investment, aging [Abstract] | ||
Past Due | 349,000 | 0 |
90 Days or More [Member] | Commercial real estate [Member] | Industrial [Member] | ||
Financing receivable, recorded investment, aging [Abstract] | ||
Past Due | 0 | 0 |
90 Days or More [Member] | Commercial real estate [Member] | Other commercial real estate [Member] | ||
Financing receivable, recorded investment, aging [Abstract] | ||
Past Due | 0 | 714,000 |
90 Days or More [Member] | Residential mortgage [Member] | ||
Financing receivable, recorded investment, aging [Abstract] | ||
Past Due | 99,975,000 | 105,620,000 |
90 Days or More [Member] | Residential mortgage [Member] | Permanent mortgage [Member] | ||
Financing receivable, recorded investment, aging [Abstract] | ||
Past Due | 0 | 0 |
90 Days or More [Member] | Residential mortgage [Member] | Permanent mortgages guaranteed by US government agencies [Member] | ||
Financing receivable, recorded investment, aging [Abstract] | ||
Past Due | 99,975,000 | 105,561,000 |
90 Days or More [Member] | Residential mortgage [Member] | Home equity [Member] | ||
Financing receivable, recorded investment, aging [Abstract] | ||
Past Due | 0 | 59,000 |
90 Days or More [Member] | Personal [Member] | ||
Financing receivable, recorded investment, aging [Abstract] | ||
Past Due | $ 0 | $ 3,000 |
Leasing Leasing (Details) - USD ($) $ in Thousands |
3 Months Ended | |
---|---|---|
Mar. 31, 2019 |
Jan. 01, 2019 |
|
Leases [Abstract] | ||
Operating Lease, Right-of-Use Asset | $ 137,000 | |
Lease, Cost [Abstract] | ||
Operating lease cost recognized as occupancy and equipment expense | $ 6,419 | |
Operating cash flows from operating leases | $ 5,914 | |
Weighted-average remaining lease term | 10 years 1 month 6 days | |
Weighted-average discount rate operating leases | 3.50% | |
Short-term Lease, Cost | $ 2,400 | |
Finance Lease Liabilities, Payments, Rolling Maturity [Abstract] | ||
Lessee, Operating Lease, Liability, Payments, Due Next Rolling Twelve Months | 30,200 | |
Lessee, Operating Lease, Liability, Payments, Due in Rolling Year Two | 28,400 | |
Lessee, Operating Lease, Liability, Payments, Due in Rolling Year Three | 25,100 | |
Lessee, Operating Lease, Liability, Payments, Due in Rolling Year Four | 17,700 | |
Lessee, Operating Lease, Liability, Payments, Due in Rolling Year Five | 15,300 | |
Lessee, Operating Lease, Liability, Payments, Due after Rolling Year Five | $ 97,600 |
Mortgage Banking Activities, Components of Loans Held For Sale (Details) - USD ($) $ in Thousands |
3 Months Ended | 12 Months Ended |
---|---|---|
Mar. 31, 2019 |
Dec. 31, 2018 |
|
Schedule of Residential Mortgage Loans Held For Sale [Line Items] | ||
Number of days for past due for loan to be considered nonperforming (in days) | 90 days | 90 days |
Residential mortgage loans held for sale, nonperforming | $ 0 | $ 0 |
Credit losses recognized on residential mortgage loans held for sale | 0 | 0 |
Components of Residential Mortgage Loans Held for Sale [Abstract] | ||
Unpaid principal balance | 153,818 | 145,057 |
Residential mortgage loans held for sale, Fair value | 155,679 | 146,971 |
Total residential mortgage loans held for sale and mortgage loan commitments, net of forward sales contracts | $ 160,157 | $ 149,221 |
Residential Mortgage Loan Commitments [Member] | Not Designated as Hedging Instrument [Member] | ||
Schedule of Residential Mortgage Loans Held For Sale [Line Items] | ||
General number of days outstanding for residential mortgage commitments, minimum (in days) | 60 days | 60 days |
General number of days outstanding for residential mortgage commitments, maximum (in days) | 90 days | 90 days |
Components of Residential Mortgage Loans Held for Sale [Abstract] | ||
Notional | $ 263,434 | $ 160,848 |
Derivative, Net fair value | $ 8,091 | $ 5,378 |
Forward sales contracts [Member] | Not Designated as Hedging Instrument [Member] | ||
Schedule of Residential Mortgage Loans Held For Sale [Line Items] | ||
General number of days for delivery of loans, for which the price is set by forward sales contracts, minimum (in days) | 60 days | 60 days |
General number of days for delivery for loans, for which the price is set by forward sales contracts, maximum (in days) | 90 days | 90 days |
Components of Residential Mortgage Loans Held for Sale [Abstract] | ||
Notional | $ 376,411 | $ 274,000 |
Derivative, Net fair value | $ (3,613) | $ (3,128) |
Mortgage Banking Activities Mortgage Banking Activities, Mortgage Banking Revenue (Details) - USD ($) $ in Thousands |
3 Months Ended | |
---|---|---|
Mar. 31, 2019 |
Mar. 31, 2018 |
|
Mortgage Banking Revenue [Abstract] | ||
Net realized gains on sale of mortgage loans | $ 5,693 | $ 8,918 |
Net change in unrealized gain on mortgage loans held for sale | (53) | (1,369) |
Net change in the fair value of mortgage loan commitments | 2,713 | 2,074 |
Net change in the fair value of forward sales contracts | (485) | (171) |
Total production revenue | 7,868 | 9,452 |
Servicing revenue | 15,966 | 16,573 |
Total mortgage banking revenue | $ 23,834 | $ 26,025 |
Mortgage Banking Activities, Mortgage Servicing Rights (Details) |
3 Months Ended | 12 Months Ended | |
---|---|---|---|
Mar. 31, 2019
USD ($)
|
Mar. 31, 2018
USD ($)
|
Dec. 31, 2018
USD ($)
|
|
Summary of Mortgage Servicing Rights [Abstract] | |||
Number of residential mortgage loans serviced for others | 131,636,000 | 132,463,000 | |
Outstanding principal balance of residential mortgage loans serviced for others | $ 21,544,295,000 | $ 21,658,335,000 | |
Weighted average interest rate | 4.00% | 3.99% | |
Remaining term (in months) | 292 months | 293 months | |
Servicing Asset at Fair Value, Amount [Roll Forward] | |||
Beginning balance | $ 259,254,000 | $ 252,867,000 | $ 252,867,000 |
Additions, net | 6,188,000 | 8,900,000 | |
Change in fair value due to principal payments | (6,583,000) | (7,995,000) | |
Change in fair value due to market assumption changes | (20,666,000) | 21,206,000 | |
Ending balance | $ 238,193,000 | $ 274,978,000 | $ 259,254,000 |
Servicing Assets at Fair Value, Assumptions Used to Estimate Fair Value [Abstract] | |||
Discount rate - risk-free rate plus a market premium (in hundredths) | 9.83% | 9.90% | |
Prepayment rate - based upon loan interest rate, original term and loan type, minimum | 8.14% | 8.05% | |
Prepayment rate - based upon loan interest rate, original term and loan type, maximum | 16.02% | 15.74% | |
Loan servicing costs - annually per loan based upon loan type, performing, minimum (in dollars per loan) | $ 68 | $ 67 | |
Loan servicing costs - annually per loan based upon loan type, performing, maximum (in dollars per loan) | 94 | 93 | |
Loan servicing costs - annually per loan based upon loan type, delinquent, minimum (in dollars per loan) | 150 | 150 | |
Loan servicing costs - annually per loan based upon loan type, delinquent, maximum (in dollars per loan) | 500 | 500 | |
Loan servicing costs - annually per loan based upon loan type, foreclosure, minimum (in dollars per loan) | 1,000 | 1,000 | |
Loan servicing costs - annually per loan based upon loan type, foreclosure, maximum (in dollars per loan) | $ 4,000 | $ 4,000 | |
Escrow earnings rate - indexed to rates paid on deposit accounts with comparable average life (in hundredths) | 2.29% | 2.57% | |
Primary secondary mortgage rate spread | 105 | 105 |
Commitments and Contingent Liabilities (Details) |
3 Months Ended |
---|---|
Mar. 31, 2019
USD ($)
| |
Judicial Ruling [Member] | Misuse of Revenues Pledged to Municipal Bonds [Member] | |
Litigation Settlement [Abstract] | |
Outstanding principal, accrued interest and other amounts required by bond documents | $ 40,000,000 |
Disgorged fees | 1,067,721 |
Litigation Settlement, Amount Awarded to Other Party | $ 600,000 |
Pending Litigation [Member] | Misuse of Revenues Pledged to Municipal Bonds [Member] | |
Litigation Settlement [Abstract] | |
Loss Contingency, Number of Plaintiffs | 2 |
Alleged total of judgment against nursing home operator | $ 8,000,000 |
Pending Litigation [Member] | Bank Participation in Fraudulent Sale of Securities by Principals [Member] | |
Litigation Settlement [Abstract] | |
Loss Contingency, Number of Plaintiffs | 19 |
Pending Litigation [Member] | Purchase of facilities from principals subject to SEC New Jersey proceedings [Member] | |
Litigation Settlement [Abstract] | |
Outstanding principal, accrued interest and other amounts required by bond documents | $ 60,000,000 |
Number of individuals who purchased facilities from the principals subject to SEC New Jersey proceedings | 2 |
Number of principals in SEC New Jersey proceedings | 2 |
Commitments and Contingent Liabilities Variable Interest Entities (Details) $ in Millions |
Mar. 31, 2019
USD ($)
|
---|---|
Other Assets [Member] | |
Variable Interest Entity [Line Items] | |
Variable Interest Entity, Nonconsolidated, Carrying Amount, Assets and Liabilities, Net | $ 232 |
Other Liabilities [Member] | |
Variable Interest Entity [Line Items] | |
Variable Interest Entity, Nonconsolidated, Carrying Amount, Assets and Liabilities, Net | $ 67 |
Shareholders' Equity (Details) - USD ($) $ / shares in Units, $ in Thousands |
3 Months Ended | |||||||
---|---|---|---|---|---|---|---|---|
Apr. 30, 2019 |
Mar. 31, 2019 |
Mar. 31, 2018 |
Dec. 31, 2018 |
Dec. 31, 2017 |
||||
Dividends declared (in dollars per share) | $ 0.50 | $ 0.45 | ||||||
Schedule of Accumulated Other Income (Loss) [Abstract] | ||||||||
Balance, Beginning of Period | $ (72,585) | $ (36,174) | ||||||
Transition adjustment for new accounting principle in period of adoption | $ 2,862 | $ (2,709) | ||||||
Net change in unrealized gain (loss) | 92,739 | (97,406) | ||||||
Reclassification adjustments included in earnings: | ||||||||
Loss (gain) on available for sale securities, net | (76) | 290 | ||||||
Other comprehensive income (loss), before income taxes | 92,663 | (97,116) | ||||||
Federal and state income taxes | 23,609 | (24,808) | [1] | |||||
Other comprehensive income (loss), net of income taxes | 69,054 | (72,308) | ||||||
Balance, End of Period | (3,531) | (111,191) | ||||||
Accumulated Net Unrealized Gain (Loss) on Available for Sale Securities [Member] | ||||||||
Schedule of Accumulated Other Income (Loss) [Abstract] | ||||||||
Balance, Beginning of Period | (70,999) | (35,385) | ||||||
Transition adjustment for new accounting principle in period of adoption | (2,709) | |||||||
Net change in unrealized gain (loss) | 92,739 | (97,406) | ||||||
Reclassification adjustments included in earnings: | ||||||||
Loss (gain) on available for sale securities, net | (76) | 290 | ||||||
Other comprehensive income (loss), before income taxes | 92,663 | (97,116) | ||||||
Federal and state income taxes | 23,609 | (24,808) | [1] | |||||
Other comprehensive income (loss), net of income taxes | 69,054 | (72,308) | ||||||
Balance, End of Period | (1,945) | (110,402) | ||||||
Accumulated Unrealized Gain (Loss) on Employee Benefit Plans [Member] | ||||||||
Schedule of Accumulated Other Income (Loss) [Abstract] | ||||||||
Balance, Beginning of Period | (1,586) | (789) | ||||||
Transition adjustment for new accounting principle in period of adoption | $ 0 | |||||||
Net change in unrealized gain (loss) | 0 | 0 | ||||||
Reclassification adjustments included in earnings: | ||||||||
Loss (gain) on available for sale securities, net | 0 | 0 | ||||||
Other comprehensive income (loss), before income taxes | 0 | 0 | ||||||
Federal and state income taxes | 0 | 0 | [1] | |||||
Other comprehensive income (loss), net of income taxes | 0 | 0 | ||||||
Balance, End of Period | $ (1,586) | $ (789) | ||||||
Subsequent Event [Member] | ||||||||
Dividends Payable, Date Declared | Apr. 30, 2019 | |||||||
Dividends declared (in dollars per share) | $ 0.50 | |||||||
Dividends Payable, Date to be Paid | May 28, 2019 | |||||||
Dividends Payable, Date of Record | May 13, 2019 | |||||||
|
Earnings Per Share (Details) - USD ($) $ / shares in Units, $ in Thousands |
3 Months Ended | |
---|---|---|
Mar. 31, 2019 |
Mar. 31, 2018 |
|
Numerator: [Abstract] | ||
Net income attributable to BOK Financial Corp. shareholders | $ 110,612 | $ 105,562 |
Less: Earnings allocated to participating securities | 828 | 1,022 |
Numerator for basic earnings per share – income available to common shareholders | 109,784 | 104,540 |
Effect of reallocating undistributed earnings of participating securities | 0 | 0 |
Numerator for diluted earnings per share – income available to common shareholders | $ 109,784 | $ 104,540 |
Denominator: [Abstract] | ||
Weighted average shares outstanding (in shares) | 71,926,041 | 65,479,482 |
Less: Participating securities included in weighted average shares (in shares) | 538,971 | 632,148 |
Denominator for basic earnings per common share (in shares) | 71,387,070 | 64,847,334 |
Dilutive effect of employee stock compensation plans (in shares) | 17,318 | 40,699 |
Denominator for diluted earnings per common share (in shares) | 71,404,388 | 64,888,033 |
Basic earnings per share (per share) | $ 1.54 | $ 1.61 |
Diluted earnings per share (per share) | $ 1.54 | $ 1.61 |
Excludes employee stock options with exercise prices greater than current market price. | 0 | 0 |
Reportable Segments (Details) - USD ($) $ in Thousands |
3 Months Ended | ||||
---|---|---|---|---|---|
Mar. 31, 2019 |
Mar. 31, 2018 |
||||
Segment Reporting Information [Line Items] | |||||
Net interest revenue from external sources | $ 278,102 | $ 219,736 | |||
Net interest revenue (expense) from internal sources | 0 | 0 | |||
Net interest revenue | 278,102 | 219,736 | |||
Provision for credit losses | 8,000 | (5,000) | |||
Net interest revenue after provision for credit losses | 270,102 | 224,736 | |||
Other operating revenue | 157,270 | 155,989 | |||
Other operating expense | 287,157 | 244,430 | |||
Net direct contribution | 140,215 | 136,295 | |||
Gain (loss) on financial instruments, net | 0 | 0 | |||
Change in fair value of mortgage servicing rights | 0 | 0 | |||
Gain (loss) on repossessed assets, net | 0 | 0 | |||
Corporate expense allocations | 0 | 0 | |||
Net income before taxes | 140,215 | 136,295 | |||
Federal and state income taxes | 29,950 | 30,948 | |||
Net income | 110,265 | 105,347 | |||
Net income attributable to non-controlling interests | (347) | (215) | |||
Net income attributable to BOK Financial Corp. shareholders | 110,612 | 105,562 | |||
Average assets | 39,672,681 | 33,724,952 | |||
Operating Segments [Member] | Commercial [Member] | |||||
Segment Reporting Information [Line Items] | |||||
Net interest revenue from external sources | 204,209 | 160,414 | |||
Net interest revenue (expense) from internal sources | (52,562) | (28,343) | |||
Net interest revenue | 151,647 | 132,071 | |||
Provision for credit losses | 11,245 | 627 | |||
Net interest revenue after provision for credit losses | 140,402 | 131,444 | |||
Other operating revenue | 37,612 | 39,676 | |||
Other operating expense | 50,177 | 48,370 | |||
Net direct contribution | 127,837 | 122,750 | |||
Gain (loss) on financial instruments, net | 18 | 7 | |||
Change in fair value of mortgage servicing rights | 0 | 0 | |||
Gain (loss) on repossessed assets, net | (346) | (4,166) | |||
Corporate expense allocations | 10,148 | 10,603 | |||
Net income before taxes | 117,361 | 107,988 | |||
Federal and state income taxes | 31,218 | 28,741 | |||
Net income | 86,143 | 79,247 | |||
Net income attributable to non-controlling interests | 0 | 0 | |||
Net income attributable to BOK Financial Corp. shareholders | 86,143 | 79,247 | |||
Average assets | 19,330,249 | 17,793,820 | |||
Operating Segments [Member] | Consumer [Member] | |||||
Segment Reporting Information [Line Items] | |||||
Net interest revenue from external sources | 21,595 | 21,753 | |||
Net interest revenue (expense) from internal sources | 29,507 | 15,224 | |||
Net interest revenue | 51,102 | 36,977 | |||
Provision for credit losses | 1,085 | 1,300 | |||
Net interest revenue after provision for credit losses | 50,017 | 35,677 | |||
Other operating revenue | 42,748 | 44,947 | |||
Other operating expense | 53,506 | 54,695 | |||
Net direct contribution | 39,259 | 25,929 | |||
Gain (loss) on financial instruments, net | 14,097 | (23,262) | |||
Change in fair value of mortgage servicing rights | (20,666) | 21,206 | |||
Gain (loss) on repossessed assets, net | 103 | (108) | |||
Corporate expense allocations | 11,883 | 11,188 | |||
Net income before taxes | 20,910 | 12,577 | |||
Federal and state income taxes | 5,326 | 3,203 | |||
Net income | 15,584 | 9,374 | |||
Net income attributable to non-controlling interests | 0 | 0 | |||
Net income attributable to BOK Financial Corp. shareholders | 15,584 | 9,374 | |||
Average assets | 8,371,683 | 8,468,101 | |||
Operating Segments [Member] | Wealth Management [Member] | |||||
Segment Reporting Information [Line Items] | |||||
Net interest revenue from external sources | 21,486 | 15,407 | |||
Net interest revenue (expense) from internal sources | 6,770 | 9,932 | |||
Net interest revenue | 28,256 | 25,339 | |||
Provision for credit losses | (119) | (48) | |||
Net interest revenue after provision for credit losses | 28,375 | 25,387 | |||
Other operating revenue | 73,414 | 74,766 | |||
Other operating expense | 61,507 | 64,942 | |||
Net direct contribution | 40,282 | 35,211 | |||
Gain (loss) on financial instruments, net | 0 | 0 | |||
Change in fair value of mortgage servicing rights | 0 | 0 | |||
Gain (loss) on repossessed assets, net | 0 | 0 | |||
Corporate expense allocations | 8,360 | 8,815 | |||
Net income before taxes | 31,922 | 26,396 | |||
Federal and state income taxes | 8,203 | 6,787 | |||
Net income | 23,719 | 19,609 | |||
Net income attributable to non-controlling interests | 0 | 0 | |||
Net income attributable to BOK Financial Corp. shareholders | 23,719 | 19,609 | |||
Average assets | 9,312,154 | 8,095,794 | |||
Funds Management and Other [Member] | |||||
Segment Reporting Information [Line Items] | |||||
Net interest revenue from external sources | 30,812 | [1] | 22,162 | ||
Net interest revenue (expense) from internal sources | 16,285 | [1] | 3,187 | ||
Net interest revenue | 47,097 | [1] | 25,349 | ||
Provision for credit losses | (4,211) | [1] | (6,879) | ||
Net interest revenue after provision for credit losses | 51,308 | [1] | 32,228 | ||
Other operating revenue | 3,496 | [1] | (3,400) | ||
Other operating expense | 121,967 | [1] | 76,423 | ||
Net direct contribution | (67,163) | [1] | (47,595) | ||
Gain (loss) on financial instruments, net | (14,115) | [1] | 23,255 | ||
Change in fair value of mortgage servicing rights | 20,666 | [1] | (21,206) | ||
Gain (loss) on repossessed assets, net | 243 | [1] | 4,274 | ||
Corporate expense allocations | (30,391) | [1] | (30,606) | ||
Net income before taxes | (29,978) | [1] | (10,666) | ||
Federal and state income taxes | (14,797) | [1] | (7,783) | ||
Net income | (15,181) | [1] | (2,883) | ||
Net income attributable to non-controlling interests | (347) | [1] | (215) | ||
Net income attributable to BOK Financial Corp. shareholders | (14,834) | [1] | (2,668) | ||
Average assets | $ 2,658,595 | [1] | $ (632,763) | ||
|
Fees and Commissions Revenue Fees and Commissions (Details) - USD ($) $ in Thousands |
3 Months Ended | |||||||||
---|---|---|---|---|---|---|---|---|---|---|
Mar. 31, 2019 |
Mar. 31, 2018 |
|||||||||
Disaggregation of Revenue [Line Items] | ||||||||||
Total fees and commissions | $ 160,552 | $ 159,614 | ||||||||
Fees and commissions revenue [Member] | ||||||||||
Disaggregation of Revenue [Line Items] | ||||||||||
Total fees and commissions | 160,552 | 159,614 | ||||||||
Fees and commission revenue not from contracts with customers | [1] | 53,380 | 57,371 | |||||||
Fees and commissions revenue from contracts with customers | [2] | 107,172 | 102,243 | |||||||
Brokerage and trading revenue [Member] | ||||||||||
Disaggregation of Revenue [Line Items] | ||||||||||
Total fees and commissions | 31,617 | 30,648 | ||||||||
Fees and commission revenue not from contracts with customers | [1] | 20,826 | 22,362 | |||||||
Fees and commissions revenue from contracts with customers | [2] | 10,791 | 8,286 | |||||||
Trading revenue [Member] | ||||||||||
Disaggregation of Revenue [Line Items] | ||||||||||
Total fees and commissions | 12,920 | 10,394 | ||||||||
Fees and commission revenue not from contracts with customers | [1] | 12,920 | 10,394 | |||||||
Fees and commissions revenue from contracts with customers | [2] | 0 | 0 | |||||||
Customer hedging revenue [Member] | ||||||||||
Disaggregation of Revenue [Line Items] | ||||||||||
Total fees and commissions | 6,677 | 10,907 | ||||||||
Fees and commission revenue not from contracts with customers | [1] | 6,677 | 10,907 | |||||||
Fees and commissions revenue from contracts with customers | [2] | 0 | 0 | |||||||
Retail brokerage revenue [Member] | ||||||||||
Disaggregation of Revenue [Line Items] | ||||||||||
Total fees and commissions | 4,022 | 4,599 | ||||||||
Fees and commission revenue not from contracts with customers | [1] | 0 | 0 | |||||||
Fees and commissions revenue from contracts with customers | [2] | 4,022 | 4,599 | |||||||
Insurance brokerage revenue [Member] [Domain] | ||||||||||
Disaggregation of Revenue [Line Items] | ||||||||||
Total fees and commissions | 4,108 | 155 | ||||||||
Fees and commission revenue not from contracts with customers | [1] | 0 | 0 | |||||||
Fees and commissions revenue from contracts with customers | 4,108 | 155 | ||||||||
Investment banking revenue [Member] | ||||||||||
Disaggregation of Revenue [Line Items] | ||||||||||
Total fees and commissions | 3,890 | 4,593 | ||||||||
Fees and commission revenue not from contracts with customers | [1] | 1,229 | 1,061 | |||||||
Fees and commissions revenue from contracts with customers | [2] | 2,661 | 3,532 | |||||||
Transaction card revenue [Member] | ||||||||||
Disaggregation of Revenue [Line Items] | ||||||||||
Total fees and commissions | 20,738 | 20,990 | ||||||||
Fees and commission revenue not from contracts with customers | [1] | 0 | 0 | |||||||
Fees and commissions revenue from contracts with customers | [2] | 20,738 | 20,990 | |||||||
TransFund EFT network revenue [Member] | ||||||||||
Disaggregation of Revenue [Line Items] | ||||||||||
Total fees and commissions | 18,596 | 19,171 | ||||||||
Fees and commission revenue not from contracts with customers | [1] | 0 | 0 | |||||||
Fees and commissions revenue from contracts with customers | [2] | 18,596 | 19,171 | |||||||
Merchant services revenue [Member] | ||||||||||
Disaggregation of Revenue [Line Items] | ||||||||||
Total fees and commissions | 2,062 | 1,819 | ||||||||
Fees and commission revenue not from contracts with customers | [1] | 0 | 0 | |||||||
Fees and commissions revenue from contracts with customers | [2] | 2,062 | 1,819 | |||||||
Corporate card revenue [Member] | ||||||||||
Disaggregation of Revenue [Line Items] | ||||||||||
Total fees and commissions | 80 | 0 | ||||||||
Fees and commission revenue not from contracts with customers | [1] | 0 | 0 | |||||||
Fees and commissions revenue from contracts with customers | [2] | 80 | 0 | |||||||
Fiduciary and asset management revenue [Member] | ||||||||||
Disaggregation of Revenue [Line Items] | ||||||||||
Total fees and commissions | 43,358 | 41,832 | ||||||||
Fees and commission revenue not from contracts with customers | [1] | 0 | 0 | |||||||
Fees and commissions revenue from contracts with customers | [2] | 43,358 | 41,832 | |||||||
Personal trust revenue [Member] | ||||||||||
Disaggregation of Revenue [Line Items] | ||||||||||
Total fees and commissions | 19,574 | 20,100 | ||||||||
Fees and commission revenue not from contracts with customers | [1] | 0 | 0 | |||||||
Fees and commissions revenue from contracts with customers | [2] | 19,574 | 20,100 | |||||||
Corporate trust revenue [Member] | ||||||||||
Disaggregation of Revenue [Line Items] | ||||||||||
Total fees and commissions | 6,201 | 5,641 | ||||||||
Fees and commission revenue not from contracts with customers | [1] | 0 | 0 | |||||||
Fees and commissions revenue from contracts with customers | [2] | 6,201 | 5,641 | |||||||
Institutional trust & retirement plan services revenue [Member] | ||||||||||
Disaggregation of Revenue [Line Items] | ||||||||||
Total fees and commissions | 11,107 | 11,450 | ||||||||
Fees and commission revenue not from contracts with customers | [1] | 0 | 0 | |||||||
Fees and commissions revenue from contracts with customers | [2] | 11,107 | 11,450 | |||||||
Investment management services and other [Member] | ||||||||||
Disaggregation of Revenue [Line Items] | ||||||||||
Total fees and commissions | 6,476 | 4,641 | ||||||||
Fees and commission revenue not from contracts with customers | [1] | 0 | 0 | |||||||
Fees and commissions revenue from contracts with customers | [2] | 6,476 | 4,641 | |||||||
Deposit service charges and fees [Member] | ||||||||||
Disaggregation of Revenue [Line Items] | ||||||||||
Total fees and commissions | 28,243 | 27,161 | ||||||||
Fees and commission revenue not from contracts with customers | [1] | 0 | 0 | |||||||
Fees and commissions revenue from contracts with customers | [2] | 28,243 | 27,161 | |||||||
Commercial account service charge revenue [Member] | ||||||||||
Disaggregation of Revenue [Line Items] | ||||||||||
Total fees and commissions | 12,783 | 11,908 | ||||||||
Fees and commission revenue not from contracts with customers | [1] | 0 | 0 | |||||||
Fees and commissions revenue from contracts with customers | [2] | 12,783 | 11,908 | |||||||
Overdraft fee revenue [Member] | ||||||||||
Disaggregation of Revenue [Line Items] | ||||||||||
Total fees and commissions | 8,260 | 8,612 | ||||||||
Fees and commission revenue not from contracts with customers | [1] | 0 | 0 | |||||||
Fees and commissions revenue from contracts with customers | [2] | 8,260 | 8,612 | |||||||
Check card fee revenue [Member] | ||||||||||
Disaggregation of Revenue [Line Items] | ||||||||||
Total fees and commissions | 5,156 | 4,918 | ||||||||
Fees and commission revenue not from contracts with customers | [1] | 0 | 0 | |||||||
Fees and commissions revenue from contracts with customers | [2] | 5,156 | 4,918 | |||||||
Automated service charge and other deposit fee revenue [Member] | ||||||||||
Disaggregation of Revenue [Line Items] | ||||||||||
Total fees and commissions | 2,044 | 1,723 | ||||||||
Fees and commission revenue not from contracts with customers | [1] | 0 | 0 | |||||||
Fees and commissions revenue from contracts with customers | [2] | 2,044 | 1,723 | |||||||
Mortgage banking revenue [Member] | ||||||||||
Disaggregation of Revenue [Line Items] | ||||||||||
Total fees and commissions | 23,834 | 26,025 | ||||||||
Fees and commission revenue not from contracts with customers | [1] | 23,834 | 26,025 | |||||||
Fees and commissions revenue from contracts with customers | [2] | 0 | 0 | |||||||
Mortgage production revenue [Member] | ||||||||||
Disaggregation of Revenue [Line Items] | ||||||||||
Total fees and commissions | 7,868 | 9,452 | ||||||||
Fees and commission revenue not from contracts with customers | [1] | 7,868 | 9,452 | |||||||
Fees and commissions revenue from contracts with customers | [2] | 0 | 0 | |||||||
Mortgage servicing revenue [Member] | ||||||||||
Disaggregation of Revenue [Line Items] | ||||||||||
Total fees and commissions | 15,966 | 16,573 | ||||||||
Fees and commission revenue not from contracts with customers | [1] | 15,966 | 16,573 | |||||||
Fees and commissions revenue from contracts with customers | [2] | 0 | 0 | |||||||
Other revenue [Member] | ||||||||||
Disaggregation of Revenue [Line Items] | ||||||||||
Total fees and commissions | 12,762 | 12,958 | ||||||||
Fees and commission revenue not from contracts with customers | [1] | 8,720 | 8,984 | |||||||
Fees and commissions revenue from contracts with customers | [2] | 4,042 | 3,974 | |||||||
Operating Segments [Member] | Commercial [Member] | Fees and commissions revenue [Member] | ||||||||||
Disaggregation of Revenue [Line Items] | ||||||||||
Total fees and commissions | 38,046 | 40,017 | ||||||||
Operating Segments [Member] | Commercial [Member] | Brokerage and trading revenue [Member] | ||||||||||
Disaggregation of Revenue [Line Items] | ||||||||||
Total fees and commissions | 2,964 | 3,083 | ||||||||
Operating Segments [Member] | Commercial [Member] | Trading revenue [Member] | ||||||||||
Disaggregation of Revenue [Line Items] | ||||||||||
Total fees and commissions | 0 | 0 | ||||||||
Operating Segments [Member] | Commercial [Member] | Customer hedging revenue [Member] | ||||||||||
Disaggregation of Revenue [Line Items] | ||||||||||
Total fees and commissions | 1,575 | 2,022 | ||||||||
Operating Segments [Member] | Commercial [Member] | Retail brokerage revenue [Member] | ||||||||||
Disaggregation of Revenue [Line Items] | ||||||||||
Total fees and commissions | 0 | 0 | ||||||||
Operating Segments [Member] | Commercial [Member] | Insurance brokerage revenue [Member] [Domain] | ||||||||||
Disaggregation of Revenue [Line Items] | ||||||||||
Total fees and commissions | 0 | 0 | ||||||||
Operating Segments [Member] | Commercial [Member] | Investment banking revenue [Member] | ||||||||||
Disaggregation of Revenue [Line Items] | ||||||||||
Total fees and commissions | 1,389 | 1,061 | ||||||||
Operating Segments [Member] | Commercial [Member] | Transaction card revenue [Member] | ||||||||||
Disaggregation of Revenue [Line Items] | ||||||||||
Total fees and commissions | 19,659 | 20,006 | ||||||||
Operating Segments [Member] | Commercial [Member] | TransFund EFT network revenue [Member] | ||||||||||
Disaggregation of Revenue [Line Items] | ||||||||||
Total fees and commissions | 17,654 | 18,202 | ||||||||
Operating Segments [Member] | Commercial [Member] | Merchant services revenue [Member] | ||||||||||
Disaggregation of Revenue [Line Items] | ||||||||||
Total fees and commissions | 1,925 | 1,804 | ||||||||
Operating Segments [Member] | Commercial [Member] | Corporate card revenue [Member] | ||||||||||
Disaggregation of Revenue [Line Items] | ||||||||||
Total fees and commissions | 80 | 0 | ||||||||
Operating Segments [Member] | Commercial [Member] | Fiduciary and asset management revenue [Member] | ||||||||||
Disaggregation of Revenue [Line Items] | ||||||||||
Total fees and commissions | 0 | 0 | ||||||||
Operating Segments [Member] | Commercial [Member] | Personal trust revenue [Member] | ||||||||||
Disaggregation of Revenue [Line Items] | ||||||||||
Total fees and commissions | 0 | 0 | ||||||||
Operating Segments [Member] | Commercial [Member] | Corporate trust revenue [Member] | ||||||||||
Disaggregation of Revenue [Line Items] | ||||||||||
Total fees and commissions | 0 | 0 | ||||||||
Operating Segments [Member] | Commercial [Member] | Institutional trust & retirement plan services revenue [Member] | ||||||||||
Disaggregation of Revenue [Line Items] | ||||||||||
Total fees and commissions | 0 | 0 | ||||||||
Operating Segments [Member] | Commercial [Member] | Investment management services and other [Member] | ||||||||||
Disaggregation of Revenue [Line Items] | ||||||||||
Total fees and commissions | 0 | 0 | ||||||||
Operating Segments [Member] | Commercial [Member] | Deposit service charges and fees [Member] | ||||||||||
Disaggregation of Revenue [Line Items] | ||||||||||
Total fees and commissions | 10,294 | 11,071 | ||||||||
Operating Segments [Member] | Commercial [Member] | Commercial account service charge revenue [Member] | ||||||||||
Disaggregation of Revenue [Line Items] | ||||||||||
Total fees and commissions | 10,062 | 10,944 | ||||||||
Operating Segments [Member] | Commercial [Member] | Overdraft fee revenue [Member] | ||||||||||
Disaggregation of Revenue [Line Items] | ||||||||||
Total fees and commissions | 74 | 90 | ||||||||
Operating Segments [Member] | Commercial [Member] | Check card fee revenue [Member] | ||||||||||
Disaggregation of Revenue [Line Items] | ||||||||||
Total fees and commissions | 0 | 0 | ||||||||
Operating Segments [Member] | Commercial [Member] | Automated service charge and other deposit fee revenue [Member] | ||||||||||
Disaggregation of Revenue [Line Items] | ||||||||||
Total fees and commissions | 158 | 37 | ||||||||
Operating Segments [Member] | Commercial [Member] | Mortgage banking revenue [Member] | ||||||||||
Disaggregation of Revenue [Line Items] | ||||||||||
Total fees and commissions | 0 | 0 | ||||||||
Operating Segments [Member] | Commercial [Member] | Mortgage production revenue [Member] | ||||||||||
Disaggregation of Revenue [Line Items] | ||||||||||
Total fees and commissions | 0 | 0 | ||||||||
Operating Segments [Member] | Commercial [Member] | Mortgage servicing revenue [Member] | ||||||||||
Disaggregation of Revenue [Line Items] | ||||||||||
Total fees and commissions | 0 | 0 | ||||||||
Operating Segments [Member] | Commercial [Member] | Other revenue [Member] | ||||||||||
Disaggregation of Revenue [Line Items] | ||||||||||
Total fees and commissions | 5,129 | 5,857 | ||||||||
Operating Segments [Member] | Consumer [Member] | Fees and commissions revenue [Member] | ||||||||||
Disaggregation of Revenue [Line Items] | ||||||||||
Total fees and commissions | 42,821 | 44,963 | ||||||||
Operating Segments [Member] | Consumer [Member] | Brokerage and trading revenue [Member] | ||||||||||
Disaggregation of Revenue [Line Items] | ||||||||||
Total fees and commissions | 0 | 0 | ||||||||
Operating Segments [Member] | Consumer [Member] | Trading revenue [Member] | ||||||||||
Disaggregation of Revenue [Line Items] | ||||||||||
Total fees and commissions | 0 | 0 | ||||||||
Operating Segments [Member] | Consumer [Member] | Customer hedging revenue [Member] | ||||||||||
Disaggregation of Revenue [Line Items] | ||||||||||
Total fees and commissions | 0 | 0 | ||||||||
Operating Segments [Member] | Consumer [Member] | Retail brokerage revenue [Member] | ||||||||||
Disaggregation of Revenue [Line Items] | ||||||||||
Total fees and commissions | 0 | 0 | ||||||||
Operating Segments [Member] | Consumer [Member] | Insurance brokerage revenue [Member] [Domain] | ||||||||||
Disaggregation of Revenue [Line Items] | ||||||||||
Total fees and commissions | 0 | 0 | ||||||||
Operating Segments [Member] | Consumer [Member] | Investment banking revenue [Member] | ||||||||||
Disaggregation of Revenue [Line Items] | ||||||||||
Total fees and commissions | 0 | 0 | ||||||||
Operating Segments [Member] | Consumer [Member] | Transaction card revenue [Member] | ||||||||||
Disaggregation of Revenue [Line Items] | ||||||||||
Total fees and commissions | 972 | 1,002 | ||||||||
Operating Segments [Member] | Consumer [Member] | TransFund EFT network revenue [Member] | ||||||||||
Disaggregation of Revenue [Line Items] | ||||||||||
Total fees and commissions | 958 | 987 | ||||||||
Operating Segments [Member] | Consumer [Member] | Merchant services revenue [Member] | ||||||||||
Disaggregation of Revenue [Line Items] | ||||||||||
Total fees and commissions | 14 | 15 | ||||||||
Operating Segments [Member] | Consumer [Member] | Corporate card revenue [Member] | ||||||||||
Disaggregation of Revenue [Line Items] | ||||||||||
Total fees and commissions | 0 | 0 | ||||||||
Operating Segments [Member] | Consumer [Member] | Fiduciary and asset management revenue [Member] | ||||||||||
Disaggregation of Revenue [Line Items] | ||||||||||
Total fees and commissions | 0 | 0 | ||||||||
Operating Segments [Member] | Consumer [Member] | Personal trust revenue [Member] | ||||||||||
Disaggregation of Revenue [Line Items] | ||||||||||
Total fees and commissions | 0 | 0 | ||||||||
Operating Segments [Member] | Consumer [Member] | Corporate trust revenue [Member] | ||||||||||
Disaggregation of Revenue [Line Items] | ||||||||||
Total fees and commissions | 0 | 0 | ||||||||
Operating Segments [Member] | Consumer [Member] | Institutional trust & retirement plan services revenue [Member] | ||||||||||
Disaggregation of Revenue [Line Items] | ||||||||||
Total fees and commissions | 0 | 0 | ||||||||
Operating Segments [Member] | Consumer [Member] | Investment management services and other [Member] | ||||||||||
Disaggregation of Revenue [Line Items] | ||||||||||
Total fees and commissions | 0 | 0 | ||||||||
Operating Segments [Member] | Consumer [Member] | Deposit service charges and fees [Member] | ||||||||||
Disaggregation of Revenue [Line Items] | ||||||||||
Total fees and commissions | 15,439 | 15,420 | ||||||||
Operating Segments [Member] | Consumer [Member] | Commercial account service charge revenue [Member] | ||||||||||
Disaggregation of Revenue [Line Items] | ||||||||||
Total fees and commissions | 387 | 359 | ||||||||
Operating Segments [Member] | Consumer [Member] | Overdraft fee revenue [Member] | ||||||||||
Disaggregation of Revenue [Line Items] | ||||||||||
Total fees and commissions | 8,395 | 8,484 | ||||||||
Operating Segments [Member] | Consumer [Member] | Check card fee revenue [Member] | ||||||||||
Disaggregation of Revenue [Line Items] | ||||||||||
Total fees and commissions | 4,992 | 4,918 | ||||||||
Operating Segments [Member] | Consumer [Member] | Automated service charge and other deposit fee revenue [Member] | ||||||||||
Disaggregation of Revenue [Line Items] | ||||||||||
Total fees and commissions | 1,665 | 1,659 | ||||||||
Operating Segments [Member] | Consumer [Member] | Mortgage banking revenue [Member] | ||||||||||
Disaggregation of Revenue [Line Items] | ||||||||||
Total fees and commissions | 24,313 | 26,479 | ||||||||
Operating Segments [Member] | Consumer [Member] | Mortgage production revenue [Member] | ||||||||||
Disaggregation of Revenue [Line Items] | ||||||||||
Total fees and commissions | 7,868 | 9,452 | ||||||||
Operating Segments [Member] | Consumer [Member] | Mortgage servicing revenue [Member] | ||||||||||
Disaggregation of Revenue [Line Items] | ||||||||||
Total fees and commissions | 16,445 | 17,027 | ||||||||
Operating Segments [Member] | Consumer [Member] | Other revenue [Member] | ||||||||||
Disaggregation of Revenue [Line Items] | ||||||||||
Total fees and commissions | 2,097 | 2,062 | ||||||||
Operating Segments [Member] | Wealth Management [Member] | Fees and commissions revenue [Member] | ||||||||||
Disaggregation of Revenue [Line Items] | ||||||||||
Total fees and commissions | 73,256 | 74,807 | ||||||||
Operating Segments [Member] | Wealth Management [Member] | Brokerage and trading revenue [Member] | ||||||||||
Disaggregation of Revenue [Line Items] | ||||||||||
Total fees and commissions | 25,602 | 25,743 | ||||||||
Operating Segments [Member] | Wealth Management [Member] | Trading revenue [Member] | ||||||||||
Disaggregation of Revenue [Line Items] | ||||||||||
Total fees and commissions | 12,920 | 10,394 | ||||||||
Operating Segments [Member] | Wealth Management [Member] | Customer hedging revenue [Member] | ||||||||||
Disaggregation of Revenue [Line Items] | ||||||||||
Total fees and commissions | 5,728 | 6,965 | ||||||||
Operating Segments [Member] | Wealth Management [Member] | Retail brokerage revenue [Member] | ||||||||||
Disaggregation of Revenue [Line Items] | ||||||||||
Total fees and commissions | 4,074 | 4,697 | ||||||||
Operating Segments [Member] | Wealth Management [Member] | Insurance brokerage revenue [Member] [Domain] | ||||||||||
Disaggregation of Revenue [Line Items] | ||||||||||
Total fees and commissions | 379 | 155 | ||||||||
Operating Segments [Member] | Wealth Management [Member] | Investment banking revenue [Member] | ||||||||||
Disaggregation of Revenue [Line Items] | ||||||||||
Total fees and commissions | 2,501 | 3,532 | ||||||||
Operating Segments [Member] | Wealth Management [Member] | Transaction card revenue [Member] | ||||||||||
Disaggregation of Revenue [Line Items] | ||||||||||
Total fees and commissions | (17) | (19) | ||||||||
Operating Segments [Member] | Wealth Management [Member] | TransFund EFT network revenue [Member] | ||||||||||
Disaggregation of Revenue [Line Items] | ||||||||||
Total fees and commissions | (17) | (19) | ||||||||
Operating Segments [Member] | Wealth Management [Member] | Merchant services revenue [Member] | ||||||||||
Disaggregation of Revenue [Line Items] | ||||||||||
Total fees and commissions | 0 | 0 | ||||||||
Operating Segments [Member] | Wealth Management [Member] | Corporate card revenue [Member] | ||||||||||
Disaggregation of Revenue [Line Items] | ||||||||||
Total fees and commissions | 0 | 0 | ||||||||
Operating Segments [Member] | Wealth Management [Member] | Fiduciary and asset management revenue [Member] | ||||||||||
Disaggregation of Revenue [Line Items] | ||||||||||
Total fees and commissions | 41,683 | 41,880 | ||||||||
Operating Segments [Member] | Wealth Management [Member] | Personal trust revenue [Member] | ||||||||||
Disaggregation of Revenue [Line Items] | ||||||||||
Total fees and commissions | 19,574 | 20,100 | ||||||||
Operating Segments [Member] | Wealth Management [Member] | Corporate trust revenue [Member] | ||||||||||
Disaggregation of Revenue [Line Items] | ||||||||||
Total fees and commissions | 6,201 | 5,641 | ||||||||
Operating Segments [Member] | Wealth Management [Member] | Institutional trust & retirement plan services revenue [Member] | ||||||||||
Disaggregation of Revenue [Line Items] | ||||||||||
Total fees and commissions | 11,107 | 11,450 | ||||||||
Operating Segments [Member] | Wealth Management [Member] | Investment management services and other [Member] | ||||||||||
Disaggregation of Revenue [Line Items] | ||||||||||
Total fees and commissions | 4,801 | 4,689 | ||||||||
Operating Segments [Member] | Wealth Management [Member] | Deposit service charges and fees [Member] | ||||||||||
Disaggregation of Revenue [Line Items] | ||||||||||
Total fees and commissions | 731 | 665 | ||||||||
Operating Segments [Member] | Wealth Management [Member] | Commercial account service charge revenue [Member] | ||||||||||
Disaggregation of Revenue [Line Items] | ||||||||||
Total fees and commissions | 527 | 605 | ||||||||
Operating Segments [Member] | Wealth Management [Member] | Overdraft fee revenue [Member] | ||||||||||
Disaggregation of Revenue [Line Items] | ||||||||||
Total fees and commissions | 27 | 34 | ||||||||
Operating Segments [Member] | Wealth Management [Member] | Check card fee revenue [Member] | ||||||||||
Disaggregation of Revenue [Line Items] | ||||||||||
Total fees and commissions | 0 | 0 | ||||||||
Operating Segments [Member] | Wealth Management [Member] | Automated service charge and other deposit fee revenue [Member] | ||||||||||
Disaggregation of Revenue [Line Items] | ||||||||||
Total fees and commissions | 177 | 26 | ||||||||
Operating Segments [Member] | Wealth Management [Member] | Mortgage banking revenue [Member] | ||||||||||
Disaggregation of Revenue [Line Items] | ||||||||||
Total fees and commissions | 0 | 0 | ||||||||
Operating Segments [Member] | Wealth Management [Member] | Mortgage production revenue [Member] | ||||||||||
Disaggregation of Revenue [Line Items] | ||||||||||
Total fees and commissions | 0 | 0 | ||||||||
Operating Segments [Member] | Wealth Management [Member] | Mortgage servicing revenue [Member] | ||||||||||
Disaggregation of Revenue [Line Items] | ||||||||||
Total fees and commissions | 0 | 0 | ||||||||
Operating Segments [Member] | Wealth Management [Member] | Other revenue [Member] | ||||||||||
Disaggregation of Revenue [Line Items] | ||||||||||
Total fees and commissions | 5,257 | 6,538 | ||||||||
Funds Management and Other [Member] | Fees and commissions revenue [Member] | ||||||||||
Disaggregation of Revenue [Line Items] | ||||||||||
Total fees and commissions | [3] | 6,429 | (173) | |||||||
Funds Management and Other [Member] | Brokerage and trading revenue [Member] | ||||||||||
Disaggregation of Revenue [Line Items] | ||||||||||
Total fees and commissions | [3] | 3,051 | 1,822 | |||||||
Funds Management and Other [Member] | Trading revenue [Member] | ||||||||||
Disaggregation of Revenue [Line Items] | ||||||||||
Total fees and commissions | [3] | 0 | 0 | |||||||
Funds Management and Other [Member] | Customer hedging revenue [Member] | ||||||||||
Disaggregation of Revenue [Line Items] | ||||||||||
Total fees and commissions | [3] | (626) | 1,920 | |||||||
Funds Management and Other [Member] | Retail brokerage revenue [Member] | ||||||||||
Disaggregation of Revenue [Line Items] | ||||||||||
Total fees and commissions | [3] | (52) | (98) | |||||||
Funds Management and Other [Member] | Insurance brokerage revenue [Member] [Domain] | ||||||||||
Disaggregation of Revenue [Line Items] | ||||||||||
Total fees and commissions | 3,729 | [3] | 0 | |||||||
Funds Management and Other [Member] | Investment banking revenue [Member] | ||||||||||
Disaggregation of Revenue [Line Items] | ||||||||||
Total fees and commissions | [3] | 0 | 0 | |||||||
Funds Management and Other [Member] | Transaction card revenue [Member] | ||||||||||
Disaggregation of Revenue [Line Items] | ||||||||||
Total fees and commissions | [3] | 124 | 1 | |||||||
Funds Management and Other [Member] | TransFund EFT network revenue [Member] | ||||||||||
Disaggregation of Revenue [Line Items] | ||||||||||
Total fees and commissions | [3] | 1 | 1 | |||||||
Funds Management and Other [Member] | Merchant services revenue [Member] | ||||||||||
Disaggregation of Revenue [Line Items] | ||||||||||
Total fees and commissions | [3] | 123 | 0 | |||||||
Funds Management and Other [Member] | Corporate card revenue [Member] | ||||||||||
Disaggregation of Revenue [Line Items] | ||||||||||
Total fees and commissions | [3] | 0 | 0 | |||||||
Funds Management and Other [Member] | Fiduciary and asset management revenue [Member] | ||||||||||
Disaggregation of Revenue [Line Items] | ||||||||||
Total fees and commissions | [3] | 1,675 | (48) | |||||||
Funds Management and Other [Member] | Personal trust revenue [Member] | ||||||||||
Disaggregation of Revenue [Line Items] | ||||||||||
Total fees and commissions | [3] | 0 | 0 | |||||||
Funds Management and Other [Member] | Corporate trust revenue [Member] | ||||||||||
Disaggregation of Revenue [Line Items] | ||||||||||
Total fees and commissions | [3] | 0 | 0 | |||||||
Funds Management and Other [Member] | Institutional trust & retirement plan services revenue [Member] | ||||||||||
Disaggregation of Revenue [Line Items] | ||||||||||
Total fees and commissions | [3] | 0 | 0 | |||||||
Funds Management and Other [Member] | Investment management services and other [Member] | ||||||||||
Disaggregation of Revenue [Line Items] | ||||||||||
Total fees and commissions | [3] | 1,675 | (48) | |||||||
Funds Management and Other [Member] | Deposit service charges and fees [Member] | ||||||||||
Disaggregation of Revenue [Line Items] | ||||||||||
Total fees and commissions | [3] | 1,779 | 5 | |||||||
Funds Management and Other [Member] | Commercial account service charge revenue [Member] | ||||||||||
Disaggregation of Revenue [Line Items] | ||||||||||
Total fees and commissions | [3] | 1,807 | 0 | |||||||
Funds Management and Other [Member] | Overdraft fee revenue [Member] | ||||||||||
Disaggregation of Revenue [Line Items] | ||||||||||
Total fees and commissions | [3] | (236) | 4 | |||||||
Funds Management and Other [Member] | Check card fee revenue [Member] | ||||||||||
Disaggregation of Revenue [Line Items] | ||||||||||
Total fees and commissions | [3] | 164 | 0 | |||||||
Funds Management and Other [Member] | Automated service charge and other deposit fee revenue [Member] | ||||||||||
Disaggregation of Revenue [Line Items] | ||||||||||
Total fees and commissions | [3] | 44 | 1 | |||||||
Funds Management and Other [Member] | Mortgage banking revenue [Member] | ||||||||||
Disaggregation of Revenue [Line Items] | ||||||||||
Total fees and commissions | [3] | (479) | (454) | |||||||
Funds Management and Other [Member] | Mortgage production revenue [Member] | ||||||||||
Disaggregation of Revenue [Line Items] | ||||||||||
Total fees and commissions | [3] | 0 | 0 | |||||||
Funds Management and Other [Member] | Mortgage servicing revenue [Member] | ||||||||||
Disaggregation of Revenue [Line Items] | ||||||||||
Total fees and commissions | [3] | (479) | (454) | |||||||
Funds Management and Other [Member] | Other revenue [Member] | ||||||||||
Disaggregation of Revenue [Line Items] | ||||||||||
Total fees and commissions | [3] | $ 279 | $ (1,499) | |||||||
|
Fair Value Measurements, Fair Value Of Financial Instruments as Measured On a Recurring Basis (Details) - USD ($) $ in Thousands |
Mar. 31, 2019 |
Dec. 31, 2018 |
Mar. 31, 2018 |
Dec. 31, 2017 |
||||||||||
---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Assets: [Abstract] | ||||||||||||||
Trading securities | $ 2,140,326 | $ 1,956,923 | ||||||||||||
Available for sale securities | 9,025,198 | 8,857,120 | ||||||||||||
Fair value option securities | 707,994 | 283,235 | ||||||||||||
Mortgage servicing rights | 238,193 | 259,254 | $ 274,978 | $ 252,867 | ||||||||||
Derviative contracts, net of cash collateral, Assets, Fair value | 359,223 | 320,929 | ||||||||||||
Liabilities: [Abstract] | ||||||||||||||
Derivative contracts, net of cash collateral, Liabilities, Fair Value | 299,698 | 362,306 | ||||||||||||
U.S. government agency debentures [Member] | ||||||||||||||
Assets: [Abstract] | ||||||||||||||
Trading securities | 51,576 | 63,765 | ||||||||||||
Residential agency mortgage-backed securities [Member] | ||||||||||||||
Assets: [Abstract] | ||||||||||||||
Trading securities | 1,952,742 | 1,791,584 | ||||||||||||
Available for sale securities | 6,040,086 | 5,804,708 | ||||||||||||
Municipal and other tax-exempt securities [Member] | ||||||||||||||
Assets: [Abstract] | ||||||||||||||
Trading securities | 50,637 | 34,507 | ||||||||||||
Available for sale securities | 2,447 | 2,864 | ||||||||||||
Asset-backed securities [Member] | ||||||||||||||
Assets: [Abstract] | ||||||||||||||
Trading securities | 40,890 | 42,656 | ||||||||||||
U.S. Treasury [Member] | ||||||||||||||
Assets: [Abstract] | ||||||||||||||
Available for sale securities | 1,878 | 493 | ||||||||||||
Residential non-agency mortgage-backed securities [Member] | ||||||||||||||
Assets: [Abstract] | ||||||||||||||
Available for sale securities | 47,958 | 59,736 | ||||||||||||
Commercial mortgage-backed securities guaranteed by U.S. government agencies [Member] | ||||||||||||||
Assets: [Abstract] | ||||||||||||||
Available for sale securities | 2,932,357 | 2,953,889 | ||||||||||||
Other debt securities [Member] | ||||||||||||||
Assets: [Abstract] | ||||||||||||||
Trading securities | 44,481 | 24,411 | ||||||||||||
Available for sale securities | 472 | 35,430 | ||||||||||||
Fair Value, Measurements, Recurring [Member] | ||||||||||||||
Assets: [Abstract] | ||||||||||||||
Trading securities | 2,140,326 | 1,956,923 | ||||||||||||
Available for sale securities | 9,025,198 | 8,857,120 | ||||||||||||
Residential mortgage loans held for sale | 160,157 | 149,221 | ||||||||||||
Mortgage servicing rights | 238,193 | [1] | 259,254 | [2] | ||||||||||
Derviative contracts, net of cash collateral, Assets, Fair value | 359,223 | [3] | 320,929 | [4] | ||||||||||
Liabilities: [Abstract] | ||||||||||||||
Derivative contracts, net of cash collateral, Liabilities, Fair Value | 299,698 | [3] | 362,306 | [4] | ||||||||||
Fair Value, Measurements, Recurring [Member] | U.S. government agency debentures [Member] | ||||||||||||||
Assets: [Abstract] | ||||||||||||||
Trading securities | 51,576 | 63,765 | ||||||||||||
Fair Value, Measurements, Recurring [Member] | Residential agency mortgage-backed securities [Member] | ||||||||||||||
Assets: [Abstract] | ||||||||||||||
Trading securities | 1,952,742 | 1,791,584 | ||||||||||||
Available for sale securities | 6,040,086 | 5,804,708 | ||||||||||||
Fair value option securities | 707,994 | 283,235 | ||||||||||||
Fair Value, Measurements, Recurring [Member] | Municipal and other tax-exempt securities [Member] | ||||||||||||||
Assets: [Abstract] | ||||||||||||||
Trading securities | 50,637 | 34,507 | ||||||||||||
Available for sale securities | 2,447 | 2,864 | ||||||||||||
Fair Value, Measurements, Recurring [Member] | Asset-backed securities [Member] | ||||||||||||||
Assets: [Abstract] | ||||||||||||||
Trading securities | 40,890 | 42,656 | ||||||||||||
Fair Value, Measurements, Recurring [Member] | U.S. Treasury [Member] | ||||||||||||||
Assets: [Abstract] | ||||||||||||||
Available for sale securities | 1,878 | 493 | ||||||||||||
Fair Value, Measurements, Recurring [Member] | Residential non-agency mortgage-backed securities [Member] | ||||||||||||||
Assets: [Abstract] | ||||||||||||||
Available for sale securities | 47,958 | 59,736 | ||||||||||||
Fair Value, Measurements, Recurring [Member] | Commercial mortgage-backed securities guaranteed by U.S. government agencies [Member] | ||||||||||||||
Assets: [Abstract] | ||||||||||||||
Available for sale securities | 2,932,357 | 2,953,889 | ||||||||||||
Fair Value, Measurements, Recurring [Member] | Other debt securities [Member] | ||||||||||||||
Assets: [Abstract] | ||||||||||||||
Trading securities | 44,481 | 24,411 | ||||||||||||
Available for sale securities | 472 | 35,430 | ||||||||||||
Fair Value, Measurements, Recurring [Member] | Fair Value, Inputs, Level 1 [Member] | ||||||||||||||
Assets: [Abstract] | ||||||||||||||
Trading securities | 0 | 0 | ||||||||||||
Available for sale securities | 1,878 | 493 | ||||||||||||
Residential mortgage loans held for sale | 0 | 0 | ||||||||||||
Mortgage servicing rights | 0 | [1] | 0 | [2] | ||||||||||
Derviative contracts, net of cash collateral, Assets, Fair value | 4,720 | [3] | 44,074 | [4] | ||||||||||
Liabilities: [Abstract] | ||||||||||||||
Derivative contracts, net of cash collateral, Liabilities, Fair Value | 0 | [3] | 0 | [4] | ||||||||||
Fair Value, Measurements, Recurring [Member] | Fair Value, Inputs, Level 1 [Member] | U.S. government agency debentures [Member] | ||||||||||||||
Assets: [Abstract] | ||||||||||||||
Trading securities | 0 | 0 | ||||||||||||
Fair Value, Measurements, Recurring [Member] | Fair Value, Inputs, Level 1 [Member] | Residential agency mortgage-backed securities [Member] | ||||||||||||||
Assets: [Abstract] | ||||||||||||||
Trading securities | 0 | 0 | ||||||||||||
Available for sale securities | 0 | 0 | ||||||||||||
Fair value option securities | 0 | 0 | ||||||||||||
Fair Value, Measurements, Recurring [Member] | Fair Value, Inputs, Level 1 [Member] | Municipal and other tax-exempt securities [Member] | ||||||||||||||
Assets: [Abstract] | ||||||||||||||
Trading securities | 0 | 0 | ||||||||||||
Available for sale securities | 0 | 0 | ||||||||||||
Fair Value, Measurements, Recurring [Member] | Fair Value, Inputs, Level 1 [Member] | Asset-backed securities [Member] | ||||||||||||||
Assets: [Abstract] | ||||||||||||||
Trading securities | 0 | 0 | ||||||||||||
Fair Value, Measurements, Recurring [Member] | Fair Value, Inputs, Level 1 [Member] | U.S. Treasury [Member] | ||||||||||||||
Assets: [Abstract] | ||||||||||||||
Available for sale securities | 1,878 | 493 | ||||||||||||
Fair Value, Measurements, Recurring [Member] | Fair Value, Inputs, Level 1 [Member] | Residential non-agency mortgage-backed securities [Member] | ||||||||||||||
Assets: [Abstract] | ||||||||||||||
Available for sale securities | 0 | 0 | ||||||||||||
Fair Value, Measurements, Recurring [Member] | Fair Value, Inputs, Level 1 [Member] | Commercial mortgage-backed securities guaranteed by U.S. government agencies [Member] | ||||||||||||||
Assets: [Abstract] | ||||||||||||||
Available for sale securities | 0 | 0 | ||||||||||||
Fair Value, Measurements, Recurring [Member] | Fair Value, Inputs, Level 1 [Member] | Other debt securities [Member] | ||||||||||||||
Assets: [Abstract] | ||||||||||||||
Trading securities | 0 | 0 | ||||||||||||
Available for sale securities | 0 | 0 | ||||||||||||
Fair Value, Measurements, Recurring [Member] | Fair Value, Inputs, Level 2 [Member] | ||||||||||||||
Assets: [Abstract] | ||||||||||||||
Trading securities | 2,140,326 | 1,956,923 | ||||||||||||
Available for sale securities | 9,022,848 | 8,856,155 | ||||||||||||
Residential mortgage loans held for sale | 144,381 | 134,014 | ||||||||||||
Mortgage servicing rights | 0 | [1] | 0 | [2] | ||||||||||
Derviative contracts, net of cash collateral, Assets, Fair value | 354,503 | [3] | 276,855 | [4] | ||||||||||
Liabilities: [Abstract] | ||||||||||||||
Derivative contracts, net of cash collateral, Liabilities, Fair Value | 299,698 | [3] | 362,306 | [4] | ||||||||||
Fair Value, Measurements, Recurring [Member] | Fair Value, Inputs, Level 2 [Member] | U.S. government agency debentures [Member] | ||||||||||||||
Assets: [Abstract] | ||||||||||||||
Trading securities | 51,576 | 63,765 | ||||||||||||
Fair Value, Measurements, Recurring [Member] | Fair Value, Inputs, Level 2 [Member] | Residential agency mortgage-backed securities [Member] | ||||||||||||||
Assets: [Abstract] | ||||||||||||||
Trading securities | 1,952,742 | 1,791,584 | ||||||||||||
Available for sale securities | 6,040,086 | 5,804,708 | ||||||||||||
Fair value option securities | 707,994 | 283,235 | ||||||||||||
Fair Value, Measurements, Recurring [Member] | Fair Value, Inputs, Level 2 [Member] | Municipal and other tax-exempt securities [Member] | ||||||||||||||
Assets: [Abstract] | ||||||||||||||
Trading securities | 50,637 | 34,507 | ||||||||||||
Available for sale securities | 2,447 | 2,864 | ||||||||||||
Fair Value, Measurements, Recurring [Member] | Fair Value, Inputs, Level 2 [Member] | Asset-backed securities [Member] | ||||||||||||||
Assets: [Abstract] | ||||||||||||||
Trading securities | 40,890 | 42,656 | ||||||||||||
Fair Value, Measurements, Recurring [Member] | Fair Value, Inputs, Level 2 [Member] | U.S. Treasury [Member] | ||||||||||||||
Assets: [Abstract] | ||||||||||||||
Available for sale securities | 0 | 0 | ||||||||||||
Fair Value, Measurements, Recurring [Member] | Fair Value, Inputs, Level 2 [Member] | Residential non-agency mortgage-backed securities [Member] | ||||||||||||||
Assets: [Abstract] | ||||||||||||||
Available for sale securities | 47,958 | 59,736 | ||||||||||||
Fair Value, Measurements, Recurring [Member] | Fair Value, Inputs, Level 2 [Member] | Commercial mortgage-backed securities guaranteed by U.S. government agencies [Member] | ||||||||||||||
Assets: [Abstract] | ||||||||||||||
Available for sale securities | 2,932,357 | 2,953,889 | ||||||||||||
Fair Value, Measurements, Recurring [Member] | Fair Value, Inputs, Level 2 [Member] | Other debt securities [Member] | ||||||||||||||
Assets: [Abstract] | ||||||||||||||
Trading securities | 44,481 | 24,411 | ||||||||||||
Available for sale securities | 0 | 34,958 | ||||||||||||
Fair Value, Measurements, Recurring [Member] | Fair Value, Inputs, Level 3 [Member] | ||||||||||||||
Assets: [Abstract] | ||||||||||||||
Trading securities | 0 | 0 | ||||||||||||
Available for sale securities | 472 | 472 | ||||||||||||
Residential mortgage loans held for sale | 15,776 | 15,207 | ||||||||||||
Mortgage servicing rights | 238,193 | [1] | 259,254 | [2] | ||||||||||
Derviative contracts, net of cash collateral, Assets, Fair value | 0 | [3] | 0 | [4] | ||||||||||
Liabilities: [Abstract] | ||||||||||||||
Derivative contracts, net of cash collateral, Liabilities, Fair Value | 0 | [3] | 0 | [4] | ||||||||||
Fair Value, Measurements, Recurring [Member] | Fair Value, Inputs, Level 3 [Member] | U.S. government agency debentures [Member] | ||||||||||||||
Assets: [Abstract] | ||||||||||||||
Trading securities | 0 | 0 | ||||||||||||
Fair Value, Measurements, Recurring [Member] | Fair Value, Inputs, Level 3 [Member] | Residential agency mortgage-backed securities [Member] | ||||||||||||||
Assets: [Abstract] | ||||||||||||||
Trading securities | 0 | 0 | ||||||||||||
Available for sale securities | 0 | 0 | ||||||||||||
Fair value option securities | 0 | 0 | ||||||||||||
Fair Value, Measurements, Recurring [Member] | Fair Value, Inputs, Level 3 [Member] | Municipal and other tax-exempt securities [Member] | ||||||||||||||
Assets: [Abstract] | ||||||||||||||
Trading securities | 0 | 0 | ||||||||||||
Available for sale securities | 0 | |||||||||||||
Fair Value, Measurements, Recurring [Member] | Fair Value, Inputs, Level 3 [Member] | Asset-backed securities [Member] | ||||||||||||||
Assets: [Abstract] | ||||||||||||||
Trading securities | 0 | 0 | ||||||||||||
Fair Value, Measurements, Recurring [Member] | Fair Value, Inputs, Level 3 [Member] | U.S. Treasury [Member] | ||||||||||||||
Assets: [Abstract] | ||||||||||||||
Available for sale securities | 0 | 0 | ||||||||||||
Fair Value, Measurements, Recurring [Member] | Fair Value, Inputs, Level 3 [Member] | Residential non-agency mortgage-backed securities [Member] | ||||||||||||||
Assets: [Abstract] | ||||||||||||||
Available for sale securities | 0 | 0 | ||||||||||||
Fair Value, Measurements, Recurring [Member] | Fair Value, Inputs, Level 3 [Member] | Commercial mortgage-backed securities guaranteed by U.S. government agencies [Member] | ||||||||||||||
Assets: [Abstract] | ||||||||||||||
Available for sale securities | 0 | 0 | ||||||||||||
Fair Value, Measurements, Recurring [Member] | Fair Value, Inputs, Level 3 [Member] | Other debt securities [Member] | ||||||||||||||
Assets: [Abstract] | ||||||||||||||
Trading securities | 0 | 0 | ||||||||||||
Available for sale securities | $ 472 | $ 472 | ||||||||||||
|
Fair Value Measurements, Measured On Recurring Basis Significant Unobservable Inputs (Details) - Fair Value, Measurements, Recurring [Member] - Fair Value, Inputs, Level 3 [Member] - USD ($) $ in Thousands |
3 Months Ended | |||||||
---|---|---|---|---|---|---|---|---|
Mar. 31, 2019 |
Mar. 31, 2018 |
|||||||
Available-for-sale securities [Member] | Municipal and other tax-exempt securities [Member] | ||||||||
Fair Value Assets Measured on Recurring Basis Unobservable Reconciliation [Roll Forward] | ||||||||
Balance, beginning of period | $ 0 | $ 4,802 | ||||||
Transfer to Level 3 from Level 2 | 0 | [1] | 0 | [2] | ||||
Purchases | 0 | 0 | ||||||
Proceeds from sales | 0 | 0 | ||||||
Redemptions and distributions | 0 | (3,045) | ||||||
Other comprehensive income (loss) | 0 | 134 | ||||||
Balance, end of period | 0 | 1,891 | ||||||
Available-for-sale securities [Member] | Municipal and other tax-exempt securities [Member] | Mortgage banking revenue [Member] | ||||||||
Fair Value Assets Measured on Recurring Basis Unobservable Reconciliation [Roll Forward] | ||||||||
Gain (loss) recognized in earnings | 0 | 0 | ||||||
Available-for-sale securities [Member] | Other debt securities [Member] | ||||||||
Fair Value Assets Measured on Recurring Basis Unobservable Reconciliation [Roll Forward] | ||||||||
Balance, beginning of period | 472 | 472 | ||||||
Transfer to Level 3 from Level 2 | 0 | [1] | 0 | [2] | ||||
Purchases | 0 | 0 | ||||||
Proceeds from sales | 0 | 0 | ||||||
Redemptions and distributions | 0 | 0 | ||||||
Other comprehensive income (loss) | 0 | 0 | ||||||
Balance, end of period | 472 | 472 | ||||||
Available-for-sale securities [Member] | Other debt securities [Member] | Mortgage banking revenue [Member] | ||||||||
Fair Value Assets Measured on Recurring Basis Unobservable Reconciliation [Roll Forward] | ||||||||
Gain (loss) recognized in earnings | 0 | 0 | ||||||
Residential mortgage loans held for sale [Member] | ||||||||
Fair Value Assets Measured on Recurring Basis Unobservable Reconciliation [Roll Forward] | ||||||||
Balance, beginning of period | 15,207 | 12,299 | ||||||
Transfer to Level 3 from Level 2 | 982 | [1] | 2,156 | [2] | ||||
Purchases | 0 | 0 | ||||||
Proceeds from sales | (381) | (324) | ||||||
Redemptions and distributions | 0 | 0 | ||||||
Other comprehensive income (loss) | 0 | 0 | ||||||
Balance, end of period | 15,776 | 13,871 | ||||||
Residential mortgage loans held for sale [Member] | Mortgage banking revenue [Member] | ||||||||
Fair Value Assets Measured on Recurring Basis Unobservable Reconciliation [Roll Forward] | ||||||||
Gain (loss) recognized in earnings | $ (32) | $ (260) | ||||||
|
Fair Value Measurements Fair Value Measurements, Financial Instruments Measured On a Recurring Basis, Quantitative Information (Details) - USD ($) $ in Thousands |
Mar. 31, 2019 |
Dec. 31, 2018 |
||||||||||
---|---|---|---|---|---|---|---|---|---|---|---|---|
Fair Value Measurement Inputs and Valuation Techniques [Line Items] | ||||||||||||
Available for sale securities | $ 9,025,198 | $ 8,857,120 | ||||||||||
Other debt securities [Member] | ||||||||||||
Fair Value Measurement Inputs and Valuation Techniques [Line Items] | ||||||||||||
Available for sale securities | 472 | 35,430 | ||||||||||
Fair Value, Measurements, Recurring [Member] | ||||||||||||
Fair Value Measurement Inputs and Valuation Techniques [Line Items] | ||||||||||||
Available for sale securities | 9,025,198 | 8,857,120 | ||||||||||
Residential mortgage loans held for sale | 160,157 | 149,221 | ||||||||||
Fair Value, Measurements, Recurring [Member] | Other debt securities [Member] | ||||||||||||
Fair Value Measurement Inputs and Valuation Techniques [Line Items] | ||||||||||||
Available for sale securities | 472 | 35,430 | ||||||||||
Fair Value, Measurements, Recurring [Member] | Fair Value, Inputs, Level 3 [Member] | ||||||||||||
Fair Value Measurement Inputs and Valuation Techniques [Line Items] | ||||||||||||
Available for sale securities | 472 | 472 | ||||||||||
Residential mortgage loans held for sale | 15,776 | 15,207 | ||||||||||
Fair Value, Measurements, Recurring [Member] | Fair Value, Inputs, Level 3 [Member] | Other debt securities [Member] | ||||||||||||
Fair Value Measurement Inputs and Valuation Techniques [Line Items] | ||||||||||||
Available for sale securities | $ 472 | $ 472 | ||||||||||
Fair Value, Measurements, Recurring [Member] | Fair Value, Inputs, Level 3 [Member] | Available-for-sale securities [Member] | Other debt securities [Member] | ||||||||||||
Fair Value Measurement Inputs and Valuation Techniques [Line Items] | ||||||||||||
Average Yields On Comparable Short-term Taxable Securities Maximum | 3.00% | 3.00% | ||||||||||
Fair Value, Measurements, Recurring [Member] | Fair Value, Inputs, Level 3 [Member] | Residential mortgage loans held for sale [Member] | ||||||||||||
Fair Value Measurement Inputs and Valuation Techniques [Line Items] | ||||||||||||
Liquidity Discount on Mortgage Loans Qualifying for Sale to US Govt Agencies | 92.40% | 92.38% | ||||||||||
Interest Rate Spread [Member] | Discounted Cash Flow [Member] | Fair Value, Measurements, Recurring [Member] | Fair Value, Inputs, Level 3 [Member] | Available-for-sale securities [Member] | Other debt securities [Member] | ||||||||||||
Fair Value Measurement Inputs and Valuation Techniques [Line Items] | ||||||||||||
Available for sale securities | $ 472 | $ 472 | ||||||||||
Liquidity discount [Member] | Quoted prices of loans sold in securitization transactions, with a liquidity discount applied [Member] | Fair Value, Measurements, Recurring [Member] | Fair Value, Inputs, Level 3 [Member] | Residential mortgage loans held for sale [Member] | ||||||||||||
Fair Value Measurement Inputs and Valuation Techniques [Line Items] | ||||||||||||
Residential mortgage loans held for sale | $ 15,766 | $ 15,207 | ||||||||||
Minimum [Member] | Fair Value, Measurements, Recurring [Member] | Fair Value, Inputs, Level 3 [Member] | Available-for-sale securities [Member] | Other debt securities [Member] | ||||||||||||
Fair Value Measurement Inputs and Valuation Techniques [Line Items] | ||||||||||||
Range of fair value as a percentage of par value | 94.39% | [1] | 94.44% | [2] | ||||||||
Range of Interest Rates used to Value Securities | 6.83% | [3] | 7.88% | [4] | ||||||||
Maximum [Member] | Fair Value, Measurements, Recurring [Member] | Fair Value, Inputs, Level 3 [Member] | Available-for-sale securities [Member] | Other debt securities [Member] | ||||||||||||
Fair Value Measurement Inputs and Valuation Techniques [Line Items] | ||||||||||||
Range of fair value as a percentage of par value | 94.39% | [1] | 94.44% | [2] | ||||||||
Range of Interest Rates used to Value Securities | 6.83% | [3] | 7.88% | [4] | ||||||||
Weighted Average [Member] | Fair Value, Measurements, Recurring [Member] | Fair Value, Inputs, Level 3 [Member] | Available-for-sale securities [Member] | Other debt securities [Member] | ||||||||||||
Fair Value Measurement Inputs and Valuation Techniques [Line Items] | ||||||||||||
Range of fair value as a percentage of par value | 94.39% | [1] | 94.44% | [2] | ||||||||
Range of Interest Rates used to Value Securities | 6.83% | [3] | 7.88% | [4] | ||||||||
|
Fair Value Measurements, Fair Value Measured On a Nonrecurring Basis (Details) - Fair Value, Measurements, Nonrecurring [Member] - USD ($) $ in Thousands |
3 Months Ended | |
---|---|---|
Mar. 31, 2019 |
Mar. 31, 2018 |
|
Impaired Loans [Member] | ||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ||
Gross charge-offs against allowance for loan losses | $ 9,581 | $ 497 |
Net losses and expenses of repossessed assets, net | 0 | 0 |
Real estate and other repossessed assets [Member] | ||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ||
Gross charge-offs against allowance for loan losses | 0 | 0 |
Net losses and expenses of repossessed assets, net | 434 | 5,192 |
Fair Value, Inputs, Level 1 [Member] | Impaired Loans [Member] | ||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ||
Assets, Fair Value Disclosure | 0 | 0 |
Fair Value, Inputs, Level 1 [Member] | Real estate and other repossessed assets [Member] | ||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ||
Assets, Fair Value Disclosure | 0 | 0 |
Fair Value, Inputs, Level 2 [Member] | Impaired Loans [Member] | ||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ||
Assets, Fair Value Disclosure | 0 | 32 |
Fair Value, Inputs, Level 2 [Member] | Real estate and other repossessed assets [Member] | ||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ||
Assets, Fair Value Disclosure | 2,688 | 863 |
Fair Value, Inputs, Level 3 [Member] | Impaired Loans [Member] | ||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ||
Assets, Fair Value Disclosure | 9,712 | 410 |
Fair Value, Inputs, Level 3 [Member] | Real estate and other repossessed assets [Member] | ||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ||
Assets, Fair Value Disclosure | $ 144 | $ 7,094 |
Fair Value Measurements Fair Value Measurement, Measured On Non-Recurring Basis, Signfiicant Unobservable Inputs, Quantitative Information (Details) - Fair Value, Measurements, Nonrecurring [Member] - USD ($) $ in Thousands |
Mar. 31, 2019 |
Dec. 31, 2018 |
Mar. 31, 2018 |
|||
---|---|---|---|---|---|---|
Impaired Loans [Member] | Fair Value, Inputs, Level 3 [Member] | ||||||
Fair Value Measurement Inputs and Valuation Techniques [Line Items] | ||||||
Assets, Fair Value Disclosure | $ 9,712 | $ 410 | ||||
Real estate and other repossessed assets [Member] | Fair Value, Inputs, Level 3 [Member] | ||||||
Fair Value Measurement Inputs and Valuation Techniques [Line Items] | ||||||
Assets, Fair Value Disclosure | 144 | $ 7,094 | ||||
Discounted Cash Flow [Member] | Impaired Loans [Member] | Fair Value, Inputs, Level 3 [Member] | Management knowledge of Industry [Member] | ||||||
Fair Value Measurement Inputs and Valuation Techniques [Line Items] | ||||||
Assets, Fair Value Disclosure | 9,712 | |||||
Discounted Cash Flow [Member] | Impaired Loans [Member] | Fair Value, Inputs, Level 3 [Member] | Recoverable oil and gas reserves, forward-looking commodity prices, and estimated operating costs [Member] | ||||||
Fair Value Measurement Inputs and Valuation Techniques [Line Items] | ||||||
Assets, Fair Value Disclosure | $ 17,401 | |||||
Discounted Cash Flow [Member] | Real estate and other repossessed assets [Member] | Fair Value, Inputs, Level 3 [Member] | Recoverable oil and gas reserves, forward-looking commodity prices, and estimated operating costs [Member] | ||||||
Fair Value Measurement Inputs and Valuation Techniques [Line Items] | ||||||
Assets, Fair Value Disclosure | $ 144 | $ 6,366 | ||||
Minimum [Member] | Impaired Loans [Member] | Fair Value, Inputs, Level 3 [Member] | ||||||
Fair Value Measurement Inputs and Valuation Techniques [Line Items] | ||||||
Fair Value of Impaired Loans as Percentage of Unpaid Principal Balance | [1] | 14.00% | 35.00% | |||
Minimum [Member] | Real estate and other repossessed assets [Member] | ||||||
Fair Value Measurement Inputs and Valuation Techniques [Line Items] | ||||||
Fair Value Measurement, Percentage of Appraised Value. Minimum | 75.00% | |||||
Maximum [Member] | Impaired Loans [Member] | Fair Value, Inputs, Level 3 [Member] | ||||||
Fair Value Measurement Inputs and Valuation Techniques [Line Items] | ||||||
Fair Value of Impaired Loans as Percentage of Unpaid Principal Balance | [1] | 74.00% | 80.00% | |||
Maximum [Member] | Real estate and other repossessed assets [Member] | ||||||
Fair Value Measurement Inputs and Valuation Techniques [Line Items] | ||||||
Fair Value Measurement, Percentage of Appraised Value. Minimum | 85.00% | |||||
Weighted Average [Member] | Impaired Loans [Member] | Fair Value, Inputs, Level 3 [Member] | ||||||
Fair Value Measurement Inputs and Valuation Techniques [Line Items] | ||||||
Fair Value of Impaired Loans as Percentage of Unpaid Principal Balance | [1] | 31.00% | 50.00% | |||
Weighted Average [Member] | Real estate and other repossessed assets [Member] | ||||||
Fair Value Measurement Inputs and Valuation Techniques [Line Items] | ||||||
Fair Value Measurement, Percentage of Appraised Value. Minimum | 79.00% | |||||
|
Fair Value Measurements, Financial Instruments (Details) - USD ($) |
Mar. 31, 2019 |
Dec. 31, 2018 |
Mar. 31, 2018 |
Dec. 31, 2017 |
---|---|---|---|---|
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items] | ||||
Trading securities | $ 2,140,326,000 | $ 1,956,923,000 | ||
Investment securities | 331,466,000 | 355,187,000 | ||
Available for sale securities | 9,025,198,000 | 8,857,120,000 | ||
Fair value option securities | 707,994,000 | 283,235,000 | ||
Residential mortgage loans held for sale | 160,157,000 | 149,221,000 | ||
Loans | 21,758,980,000 | 21,656,730,000 | ||
Allowance for loan losses | (205,340,000) | (207,457,000) | $ (223,967,000) | $ (230,682,000) |
Loans, net of allowance | 21,553,640,000 | 21,449,273,000 | ||
Mortgage servicing rights | 238,193,000 | 259,254,000 | 274,978,000 | 252,867,000 |
Derviative contracts, net of cash collateral, Assets, Fair value | 359,223,000 | 320,929,000 | ||
Time deposits | 2,198,389,000 | 2,113,380,000 | ||
Subordinated debentures | 275,880,000 | 275,913,000 | ||
Derivative contracts, net of cash collateral, Liabilities, Fair Value | 299,698,000 | 362,306,000 | ||
Commercial [Member] | ||||
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items] | ||||
Loans | 13,961,975,000 | 13,636,078,000 | ||
Allowance for loan losses | (103,577,000) | (102,226,000) | (120,083,000) | (124,269,000) |
Commercial real estate [Member] | ||||
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items] | ||||
Loans | 4,600,651,000 | 4,764,813,000 | ||
Allowance for loan losses | (58,134,000) | (60,026,000) | (57,070,000) | (56,621,000) |
Residential mortgage [Member] | ||||
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items] | ||||
Loans | 2,192,620,000 | 2,230,033,000 | ||
Allowance for loan losses | (15,668,000) | (17,964,000) | (18,431,000) | (18,451,000) |
Personal [Member] | ||||
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items] | ||||
Loans | 1,003,734,000 | 1,025,806,000 | ||
Allowance for loan losses | (8,783,000) | (9,473,000) | $ (8,408,000) | $ (9,124,000) |
U.S. government agency debentures [Member] | ||||
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items] | ||||
Trading securities | 51,576,000 | 63,765,000 | ||
Residential agency mortgage-backed securities [Member] | ||||
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items] | ||||
Trading securities | 1,952,742,000 | 1,791,584,000 | ||
Investment securities | 12,106,000 | 12,612,000 | ||
Available for sale securities | 6,040,086,000 | 5,804,708,000 | ||
Municipal and other tax-exempt securities [Member] | ||||
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items] | ||||
Trading securities | 50,637,000 | 34,507,000 | ||
Investment securities | 126,544,000 | 137,296,000 | ||
Available for sale securities | 2,447,000 | 2,864,000 | ||
U.S. Treasury [Member] | ||||
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items] | ||||
Available for sale securities | 1,878,000 | 493,000 | ||
Residential non-agency mortgage-backed securities [Member] | ||||
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items] | ||||
Available for sale securities | 47,958,000 | 59,736,000 | ||
Commercial mortgage-backed securities guaranteed by U.S. government agencies [Member] | ||||
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items] | ||||
Available for sale securities | 2,932,357,000 | 2,953,889,000 | ||
Other debt securities [Member] | ||||
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items] | ||||
Trading securities | 44,481,000 | 24,411,000 | ||
Investment securities | 192,816,000 | 205,279,000 | ||
Available for sale securities | 472,000 | 35,430,000 | ||
Carrying (Reported) Amount, Fair Value Disclosure [Member] | ||||
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items] | ||||
Cash and due from banks | 718,297,000 | 741,749,000 | ||
Interest-bearing cash and cash equivalents | 564,404,000 | 401,675,000 | ||
Trading securities | 2,140,326,000 | 1,956,923,000 | ||
Investment securities | 331,466,000 | 355,187,000 | ||
Available for sale securities | 9,025,198,000 | 8,857,120,000 | ||
Residential mortgage loans held for sale | 160,157,000 | 149,221,000 | ||
Loans | 21,758,980,000 | 21,656,730,000 | ||
Allowance for loan losses | (205,340,000) | (207,457,000) | ||
Loans, net of allowance | 21,553,640,000 | 21,449,273,000 | ||
Mortgage servicing rights | 238,193,000 | 259,254,000 | ||
Derviative contracts, net of cash collateral, Assets, Fair value | 359,223,000 | 320,929,000 | ||
Deposits with no stated maturity | 23,133,413,000 | 23,150,383,000 | ||
Time deposits | 2,198,389,000 | 2,113,380,000 | ||
Other borrowed funds | 8,780,766,000 | 7,142,801,000 | ||
Subordinated debentures | 275,880,000 | 275,913,000 | ||
Derivative contracts, net of cash collateral, Liabilities, Fair Value | 299,698,000 | 362,306,000 | ||
Carrying (Reported) Amount, Fair Value Disclosure [Member] | Commercial [Member] | ||||
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items] | ||||
Loans | 13,961,975,000 | 13,636,078,000 | ||
Carrying (Reported) Amount, Fair Value Disclosure [Member] | Commercial real estate [Member] | ||||
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items] | ||||
Loans | 4,600,651,000 | 4,764,813,000 | ||
Carrying (Reported) Amount, Fair Value Disclosure [Member] | Residential mortgage [Member] | ||||
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items] | ||||
Loans | 2,192,620,000 | 2,230,033,000 | ||
Carrying (Reported) Amount, Fair Value Disclosure [Member] | Personal [Member] | ||||
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items] | ||||
Loans | 1,003,734,000 | 1,025,806,000 | ||
Carrying (Reported) Amount, Fair Value Disclosure [Member] | U.S. government agency debentures [Member] | ||||
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items] | ||||
Trading securities | 51,576,000 | 63,765,000 | ||
Carrying (Reported) Amount, Fair Value Disclosure [Member] | Residential agency mortgage-backed securities [Member] | ||||
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items] | ||||
Trading securities | 1,952,742,000 | 1,791,584,000 | ||
Investment securities | 12,106,000 | 12,612,000 | ||
Available for sale securities | 6,040,086,000 | 5,804,708,000 | ||
Fair value option securities | 707,994,000 | 283,235,000 | ||
Carrying (Reported) Amount, Fair Value Disclosure [Member] | Municipal and other tax-exempt securities [Member] | ||||
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items] | ||||
Trading securities | 50,637,000 | 34,507,000 | ||
Investment securities | 126,544,000 | 137,296,000 | ||
Available for sale securities | 2,447,000 | 2,864,000 | ||
Carrying (Reported) Amount, Fair Value Disclosure [Member] | Asset-backed securities | ||||
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items] | ||||
Trading securities | 40,890,000 | 42,656,000 | ||
Carrying (Reported) Amount, Fair Value Disclosure [Member] | Other trading securities | ||||
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items] | ||||
Trading securities | 44,481,000 | 24,411,000 | ||
Carrying (Reported) Amount, Fair Value Disclosure [Member] | U.S. Treasury [Member] | ||||
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items] | ||||
Available for sale securities | 1,878,000 | 493,000 | ||
Carrying (Reported) Amount, Fair Value Disclosure [Member] | Residential non-agency mortgage-backed securities [Member] | ||||
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items] | ||||
Available for sale securities | 47,958,000 | 59,736,000 | ||
Carrying (Reported) Amount, Fair Value Disclosure [Member] | Commercial mortgage-backed securities guaranteed by U.S. government agencies [Member] | ||||
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items] | ||||
Available for sale securities | 2,932,357,000 | 2,953,889,000 | ||
Carrying (Reported) Amount, Fair Value Disclosure [Member] | Other debt securities [Member] | ||||
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items] | ||||
Investment securities | 192,816,000 | 205,279,000 | ||
Available for sale securities | 472,000 | 35,430,000 | ||
Estimate of Fair Value, Fair Value Disclosure [Member] | ||||
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items] | ||||
Cash and due from banks | 718,297,000 | 741,749,000 | ||
Interest-bearing cash and cash equivalents | 564,404,000 | 401,675,000 | ||
Trading securities | 2,140,326,000 | 1,956,923,000 | ||
Investment securities | 348,488,000 | 367,298,000 | ||
Available for sale securities | 9,025,198,000 | 8,857,120,000 | ||
Residential mortgage loans held for sale | 160,157,000 | 149,221,000 | ||
Loans | 21,674,065,000 | 21,478,228,000 | ||
Allowance for loan losses | 0 | 0 | ||
Loans, net of allowance | 21,674,065,000 | 21,478,228,000 | ||
Mortgage servicing rights | 238,193,000 | 259,254,000 | ||
Derviative contracts, net of cash collateral, Assets, Fair value | 359,223,000 | 320,929,000 | ||
Deposits with no stated maturity | 23,133,413,000 | 23,150,383,000 | ||
Time deposits | 2,181,872,000 | 2,073,538,000 | ||
Other borrowed funds | 8,750,845,000 | 7,071,953,000 | ||
Subordinated debentures | 273,656,000 | 261,977,000 | ||
Derivative contracts, net of cash collateral, Liabilities, Fair Value | 299,698,000 | 362,306,000 | ||
Estimate of Fair Value, Fair Value Disclosure [Member] | Commercial [Member] | ||||
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items] | ||||
Loans | 13,886,769,000 | 13,526,162,000 | ||
Estimate of Fair Value, Fair Value Disclosure [Member] | Commercial real estate [Member] | ||||
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items] | ||||
Loans | 4,589,189,000 | 4,713,747,000 | ||
Estimate of Fair Value, Fair Value Disclosure [Member] | Residential mortgage [Member] | ||||
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items] | ||||
Loans | 2,196,914,000 | 2,213,951,000 | ||
Estimate of Fair Value, Fair Value Disclosure [Member] | Personal [Member] | ||||
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items] | ||||
Loans | 1,001,193,000 | 1,024,368,000 | ||
Estimate of Fair Value, Fair Value Disclosure [Member] | U.S. government agency debentures [Member] | ||||
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items] | ||||
Trading securities | 51,576,000 | 63,765,000 | ||
Estimate of Fair Value, Fair Value Disclosure [Member] | Residential agency mortgage-backed securities [Member] | ||||
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items] | ||||
Trading securities | 1,952,742,000 | 1,791,584,000 | ||
Investment securities | 12,388,000 | 12,770,000 | ||
Available for sale securities | 6,040,086,000 | 5,804,708,000 | ||
Fair value option securities | 707,994,000 | 283,235,000 | ||
Estimate of Fair Value, Fair Value Disclosure [Member] | Municipal and other tax-exempt securities [Member] | ||||
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items] | ||||
Trading securities | 50,637,000 | 34,507,000 | ||
Investment securities | 129,072,000 | 138,562,000 | ||
Available for sale securities | 2,447,000 | 2,864,000 | ||
Estimate of Fair Value, Fair Value Disclosure [Member] | Asset-backed securities | ||||
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items] | ||||
Trading securities | 40,890,000 | 42,656,000 | ||
Estimate of Fair Value, Fair Value Disclosure [Member] | Other trading securities | ||||
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items] | ||||
Trading securities | 44,481,000 | 24,411,000 | ||
Estimate of Fair Value, Fair Value Disclosure [Member] | U.S. Treasury [Member] | ||||
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items] | ||||
Available for sale securities | 1,878,000 | 493,000 | ||
Estimate of Fair Value, Fair Value Disclosure [Member] | Residential non-agency mortgage-backed securities [Member] | ||||
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items] | ||||
Available for sale securities | 47,958,000 | 59,736,000 | ||
Estimate of Fair Value, Fair Value Disclosure [Member] | Commercial mortgage-backed securities guaranteed by U.S. government agencies [Member] | ||||
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items] | ||||
Available for sale securities | 2,932,357,000 | 2,953,889,000 | ||
Estimate of Fair Value, Fair Value Disclosure [Member] | Other debt securities [Member] | ||||
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items] | ||||
Investment securities | 207,028,000 | 215,966,000 | ||
Available for sale securities | 472,000 | 35,430,000 | ||
Fair Value, Inputs, Level 1 [Member] | Estimate of Fair Value, Fair Value Disclosure [Member] | ||||
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items] | ||||
Cash and due from banks | 718,297,000 | 741,749,000 | ||
Interest-bearing cash and cash equivalents | 564,404,000 | 401,675,000 | ||
Trading securities | 0 | 0 | ||
Investment securities | 0 | 0 | ||
Available for sale securities | 1,878,000 | 493,000 | ||
Residential mortgage loans held for sale | 0 | 0 | ||
Loans | 0 | 0 | ||
Allowance for loan losses | 0 | 0 | ||
Loans, net of allowance | 0 | 0 | ||
Mortgage servicing rights | 0 | 0 | ||
Derviative contracts, net of cash collateral, Assets, Fair value | 4,720,000 | 44,074,000 | ||
Deposits with no stated maturity | 0 | 0 | ||
Time deposits | 0 | 0 | ||
Other borrowed funds | 0 | 0 | ||
Subordinated debentures | 0 | 0 | ||
Derivative contracts, net of cash collateral, Liabilities, Fair Value | 0 | 0 | ||
Fair Value, Inputs, Level 1 [Member] | Estimate of Fair Value, Fair Value Disclosure [Member] | Commercial [Member] | ||||
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items] | ||||
Loans | 0 | 0 | ||
Fair Value, Inputs, Level 1 [Member] | Estimate of Fair Value, Fair Value Disclosure [Member] | Commercial real estate [Member] | ||||
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items] | ||||
Loans | 0 | 0 | ||
Fair Value, Inputs, Level 1 [Member] | Estimate of Fair Value, Fair Value Disclosure [Member] | Residential mortgage [Member] | ||||
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items] | ||||
Loans | 0 | 0 | ||
Fair Value, Inputs, Level 1 [Member] | Estimate of Fair Value, Fair Value Disclosure [Member] | Personal [Member] | ||||
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items] | ||||
Loans | 0 | 0 | ||
Fair Value, Inputs, Level 1 [Member] | Estimate of Fair Value, Fair Value Disclosure [Member] | U.S. government agency debentures [Member] | ||||
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items] | ||||
Trading securities | 0 | 0 | ||
Fair Value, Inputs, Level 1 [Member] | Estimate of Fair Value, Fair Value Disclosure [Member] | Residential agency mortgage-backed securities [Member] | ||||
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items] | ||||
Trading securities | 0 | 0 | ||
Investment securities | 0 | 0 | ||
Available for sale securities | 0 | 0 | ||
Fair value option securities | 0 | 0 | ||
Fair Value, Inputs, Level 1 [Member] | Estimate of Fair Value, Fair Value Disclosure [Member] | Municipal and other tax-exempt securities [Member] | ||||
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items] | ||||
Trading securities | 0 | 0 | ||
Investment securities | 0 | 0 | ||
Available for sale securities | 0 | 0 | ||
Fair Value, Inputs, Level 1 [Member] | Estimate of Fair Value, Fair Value Disclosure [Member] | Asset-backed securities | ||||
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items] | ||||
Trading securities | 0 | 0 | ||
Fair Value, Inputs, Level 1 [Member] | Estimate of Fair Value, Fair Value Disclosure [Member] | Other trading securities | ||||
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items] | ||||
Trading securities | 0 | 0 | ||
Fair Value, Inputs, Level 1 [Member] | Estimate of Fair Value, Fair Value Disclosure [Member] | U.S. Treasury [Member] | ||||
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items] | ||||
Available for sale securities | 1,878,000 | 493,000 | ||
Fair Value, Inputs, Level 1 [Member] | Estimate of Fair Value, Fair Value Disclosure [Member] | Residential non-agency mortgage-backed securities [Member] | ||||
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items] | ||||
Available for sale securities | 0 | 0 | ||
Fair Value, Inputs, Level 1 [Member] | Estimate of Fair Value, Fair Value Disclosure [Member] | Commercial mortgage-backed securities guaranteed by U.S. government agencies [Member] | ||||
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items] | ||||
Available for sale securities | 0 | 0 | ||
Fair Value, Inputs, Level 1 [Member] | Estimate of Fair Value, Fair Value Disclosure [Member] | Other debt securities [Member] | ||||
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items] | ||||
Investment securities | 0 | 0 | ||
Available for sale securities | 0 | 0 | ||
Fair Value, Inputs, Level 2 [Member] | Estimate of Fair Value, Fair Value Disclosure [Member] | ||||
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items] | ||||
Cash and due from banks | 0 | 0 | ||
Interest-bearing cash and cash equivalents | 0 | 0 | ||
Trading securities | 2,140,326,000 | 1,956,923,000 | ||
Investment securities | 149,669,000 | 159,237,000 | ||
Available for sale securities | 9,022,848,000 | 8,856,155,000 | ||
Residential mortgage loans held for sale | 144,381,000 | 134,014,000 | ||
Loans | 0 | 0 | ||
Allowance for loan losses | 0 | 0 | ||
Loans, net of allowance | 0 | 0 | ||
Mortgage servicing rights | 0 | 0 | ||
Derviative contracts, net of cash collateral, Assets, Fair value | 354,503,000 | 276,855,000 | ||
Deposits with no stated maturity | 0 | 0 | ||
Time deposits | 0 | 0 | ||
Other borrowed funds | 0 | 0 | ||
Subordinated debentures | 273,656,000 | 261,977,000 | ||
Derivative contracts, net of cash collateral, Liabilities, Fair Value | 299,698,000 | 362,306,000 | ||
Fair Value, Inputs, Level 2 [Member] | Estimate of Fair Value, Fair Value Disclosure [Member] | Commercial [Member] | ||||
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items] | ||||
Loans | 0 | 0 | ||
Fair Value, Inputs, Level 2 [Member] | Estimate of Fair Value, Fair Value Disclosure [Member] | Commercial real estate [Member] | ||||
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items] | ||||
Loans | 0 | 0 | ||
Fair Value, Inputs, Level 2 [Member] | Estimate of Fair Value, Fair Value Disclosure [Member] | Residential mortgage [Member] | ||||
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items] | ||||
Loans | 0 | 0 | ||
Fair Value, Inputs, Level 2 [Member] | Estimate of Fair Value, Fair Value Disclosure [Member] | Personal [Member] | ||||
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items] | ||||
Loans | 0 | 0 | ||
Fair Value, Inputs, Level 2 [Member] | Estimate of Fair Value, Fair Value Disclosure [Member] | U.S. government agency debentures [Member] | ||||
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items] | ||||
Trading securities | 51,576,000 | 63,765,000 | ||
Fair Value, Inputs, Level 2 [Member] | Estimate of Fair Value, Fair Value Disclosure [Member] | Residential agency mortgage-backed securities [Member] | ||||
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items] | ||||
Trading securities | 1,952,742,000 | 1,791,584,000 | ||
Investment securities | 12,388,000 | 12,770,000 | ||
Available for sale securities | 6,040,086,000 | 5,804,708,000 | ||
Fair value option securities | 707,994,000 | 283,235,000 | ||
Fair Value, Inputs, Level 2 [Member] | Estimate of Fair Value, Fair Value Disclosure [Member] | Municipal and other tax-exempt securities [Member] | ||||
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items] | ||||
Trading securities | 50,637,000 | 34,507,000 | ||
Investment securities | 129,072,000 | 138,562,000 | ||
Available for sale securities | 2,447,000 | 2,864,000 | ||
Fair Value, Inputs, Level 2 [Member] | Estimate of Fair Value, Fair Value Disclosure [Member] | Asset-backed securities | ||||
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items] | ||||
Trading securities | 40,890,000 | 42,656,000 | ||
Fair Value, Inputs, Level 2 [Member] | Estimate of Fair Value, Fair Value Disclosure [Member] | Other trading securities | ||||
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items] | ||||
Trading securities | 44,481,000 | 24,411,000 | ||
Fair Value, Inputs, Level 2 [Member] | Estimate of Fair Value, Fair Value Disclosure [Member] | U.S. Treasury [Member] | ||||
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items] | ||||
Available for sale securities | 0 | 0 | ||
Fair Value, Inputs, Level 2 [Member] | Estimate of Fair Value, Fair Value Disclosure [Member] | Residential non-agency mortgage-backed securities [Member] | ||||
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items] | ||||
Available for sale securities | 47,958,000 | 59,736,000 | ||
Fair Value, Inputs, Level 2 [Member] | Estimate of Fair Value, Fair Value Disclosure [Member] | Commercial mortgage-backed securities guaranteed by U.S. government agencies [Member] | ||||
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items] | ||||
Available for sale securities | 2,932,357,000 | 2,953,889,000 | ||
Fair Value, Inputs, Level 2 [Member] | Estimate of Fair Value, Fair Value Disclosure [Member] | Other debt securities [Member] | ||||
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items] | ||||
Investment securities | 8,209,000 | 7,905,000 | ||
Available for sale securities | 0 | 34,958,000 | ||
Fair Value, Inputs, Level 3 [Member] | Estimate of Fair Value, Fair Value Disclosure [Member] | ||||
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items] | ||||
Cash and due from banks | 0 | 0 | ||
Interest-bearing cash and cash equivalents | 0 | 0 | ||
Trading securities | 0 | 0 | ||
Investment securities | 198,819,000 | 208,061,000 | ||
Available for sale securities | 472,000 | 472,000 | ||
Residential mortgage loans held for sale | 15,776,000 | 15,207,000 | ||
Loans | 21,674,065,000 | 21,478,228,000 | ||
Allowance for loan losses | 0 | 0 | ||
Loans, net of allowance | 21,674,065,000 | 21,478,228,000 | ||
Mortgage servicing rights | 238,193,000 | 259,254,000 | ||
Derviative contracts, net of cash collateral, Assets, Fair value | 0 | 0 | ||
Deposits with no stated maturity | 23,133,413,000 | 23,150,383,000 | ||
Time deposits | 2,181,872,000 | 2,073,538,000 | ||
Other borrowed funds | 8,750,845,000 | 7,071,953,000 | ||
Subordinated debentures | 0 | 0 | ||
Derivative contracts, net of cash collateral, Liabilities, Fair Value | 0 | 0 | ||
Fair Value, Inputs, Level 3 [Member] | Estimate of Fair Value, Fair Value Disclosure [Member] | Commercial [Member] | ||||
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items] | ||||
Loans | 13,886,769,000 | 13,526,162,000 | ||
Fair Value, Inputs, Level 3 [Member] | Estimate of Fair Value, Fair Value Disclosure [Member] | Commercial real estate [Member] | ||||
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items] | ||||
Loans | 4,589,189,000 | 4,713,747,000 | ||
Fair Value, Inputs, Level 3 [Member] | Estimate of Fair Value, Fair Value Disclosure [Member] | Residential mortgage [Member] | ||||
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items] | ||||
Loans | 2,196,914,000 | 2,213,951,000 | ||
Fair Value, Inputs, Level 3 [Member] | Estimate of Fair Value, Fair Value Disclosure [Member] | Personal [Member] | ||||
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items] | ||||
Loans | 1,001,193,000 | 1,024,368,000 | ||
Fair Value, Inputs, Level 3 [Member] | Estimate of Fair Value, Fair Value Disclosure [Member] | U.S. government agency debentures [Member] | ||||
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items] | ||||
Trading securities | 0 | 0 | ||
Fair Value, Inputs, Level 3 [Member] | Estimate of Fair Value, Fair Value Disclosure [Member] | Residential agency mortgage-backed securities [Member] | ||||
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items] | ||||
Trading securities | 0 | 0 | ||
Investment securities | 0 | 0 | ||
Available for sale securities | 0 | 0 | ||
Fair value option securities | 0 | 0 | ||
Fair Value, Inputs, Level 3 [Member] | Estimate of Fair Value, Fair Value Disclosure [Member] | Municipal and other tax-exempt securities [Member] | ||||
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items] | ||||
Trading securities | 0 | 0 | ||
Investment securities | 0 | 0 | ||
Available for sale securities | 0 | 0 | ||
Fair Value, Inputs, Level 3 [Member] | Estimate of Fair Value, Fair Value Disclosure [Member] | Asset-backed securities | ||||
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items] | ||||
Trading securities | 0 | 0 | ||
Fair Value, Inputs, Level 3 [Member] | Estimate of Fair Value, Fair Value Disclosure [Member] | Other trading securities | ||||
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items] | ||||
Trading securities | 0 | 0 | ||
Fair Value, Inputs, Level 3 [Member] | Estimate of Fair Value, Fair Value Disclosure [Member] | U.S. Treasury [Member] | ||||
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items] | ||||
Available for sale securities | 0 | 0 | ||
Fair Value, Inputs, Level 3 [Member] | Estimate of Fair Value, Fair Value Disclosure [Member] | Residential non-agency mortgage-backed securities [Member] | ||||
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items] | ||||
Available for sale securities | 0 | 0 | ||
Fair Value, Inputs, Level 3 [Member] | Estimate of Fair Value, Fair Value Disclosure [Member] | Commercial mortgage-backed securities guaranteed by U.S. government agencies [Member] | ||||
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items] | ||||
Available for sale securities | 0 | 0 | ||
Fair Value, Inputs, Level 3 [Member] | Estimate of Fair Value, Fair Value Disclosure [Member] | Other debt securities [Member] | ||||
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items] | ||||
Investment securities | 198,819,000 | 208,061,000 | ||
Available for sale securities | $ 472,000 | $ 472,000 |
Federal and State Income Taxes Federal and State Income Taxes (Details) - USD ($) $ in Thousands |
3 Months Ended | 12 Months Ended | ||
---|---|---|---|---|
Mar. 31, 2019 |
Mar. 31, 2018 |
Dec. 31, 2018 |
Dec. 31, 2017 |
|
Effective Income Tax Rate Reconciliation, Amount [Abstract] | ||||
Federal statutory tax | $ 29,445 | $ 28,622 | ||
Tax exempt revenue | (2,757) | (1,812) | ||
Effect of state income taxes, net of federal benefit | 3,851 | 3,657 | ||
Utilization of tax credits, net of proportional amortization of low-income housing limited partnership investments | (1,608) | (1,458) | ||
Share-based compensation | (529) | (1,620) | ||
Adjustment to provisional amounts related to tax reform | 0 | 1,895 | ||
Other, net | 1,548 | 1,664 | ||
Total income tax expense | $ 29,950 | $ 30,948 | ||
Effective Income Tax Rate Reconciliation, Percent [Abstract] | ||||
Federal statutory tax (in hundredths) | 21.00% | 21.00% | 21.00% | 35.00% |
Tax exempt revenue (in hundredths) | (2.00%) | (1.30%) | ||
Effect of state income taxes, net of federal benefit (in hundredths) | 2.70% | 2.70% | ||
Utilization of tax credits, net of proportional amortization of low-income housing limited partnership investments (in hundredths) | (1.10%) | (1.10%) | ||
Share-based compensation (in hundredths) | (0.40%) | (1.20%) | ||
Adjustment to provisional amounts related to tax reform (in hundredths) | 0.00% | 1.40% | ||
Other, net (in hundredths) | 1.20% | 1.20% | ||
Total (in hundredths) | 21.40% | 22.70% |
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