2012 FDIC-ASSISTED ACQUISITIONS (Tables)

12 Months Ended

Dec. 31, 2013

2012 Fdic - assisted acquisitions of failed banks

Schedule of Changes in Accretable Discount on PCI Loans [Table Text Block]

	Tennessee			First
	Commerce			Commercial
(in thousands)	Bank			Bank			Total
Day-one 2012 beginning balances, as recasted	$	(498	)	$	(2,912	)	$	(3,410	)
Transfers between non-accretable and accretable	—			—			—
Accreted/(Amortized) into interest income on loans, including loan fees	179			136			315
Other changes	—			—			—
Balance December 31, 2012	$	(319	)	$	(2,776	)	$	(3,095	)
Transfers between non-accretable and accretable	(2,771		)	(3,684		)	(6,455		)
Accreted/(Amortized) into interest income on loans, including loan fees	1,926			4,167			6,093
Other changes	—			—			—
Balance December 31, 2013	$	(1,164	)	$	(2,293	)	$	(3,457	)

Tennessee Commerce Bank ("TCB")

2012 Fdic - assisted acquisitions of failed banks

Assets Acquired and Liabilities Assumed Including Recast Adjustments

Tennessee Commerce Bank

	January 27, 2012
	As Previously Reported						As Recasted
	Contractual			Fair Value			2012 Recast			Fair
(in thousands)	Amount			Adjustments			Adjustments			Value
Assets acquired:
Cash and cash equivalents	$	61,943		$	(89	)	$	(2	)	$	61,852
Securities available for sale	42,646			—			—			42,646
Loans to be repurchased by the FDIC, net of discount	19,800			(2,797		)	—			17,003
Loans	79,112			(22,666		)	830			57,276
Federal Home Loan Bank stock, at cost	2,491			—			—			2,491
Other real estate owned	14,189			(3,359		)	(1,113		)	9,717
Core deposit intangible	—			64			—			64
Discount	(56,970		)	56,970			—			—
FDIC settlement receivable	784,545			—			—			784,545
Other assets and accrued interest receivable	945			(60		)	—			885
Total assets acquired	$	948,701		$	28,063		$	(285	)	$	976,479
Liabilities assumed:
Deposits:
Non interest-bearing	$	19,754		$	—		$	—		$	19,754
Interest-bearing	927,641			54			—			927,695
Total deposits	947,395			54			—			947,449
Accrued income taxes payable	—			9,988			(100		)	9,888
Other liabilities and accrued interest payable	1,306			110			—			1,416
Total liabilities assumed	$	948,701		$	10,152		$	(100	)	$	958,753
Equity:
Bargain purchase gain, net of taxes	—			17,911			(185		)	17,726
Total liabilities assumed and equity	$	948,701		$	28,063		$	(285	)	$	976,479

Summary of Net Assets Acquired from FDIC and Estimated Fair Value Adjustments

Tennessee Commerce Bank

	January 27, 2012
				Second Quarter			Third Quarter
	As Previously			2012 Recast			2012 Recast			As
(in thousands)	Reported			Adjustments			Adjustments			Recasted
Assets acquired, at contractual amount	$	221,126		$	—		$	—		$	221,126
Liabilities assumed, at contractual amount	(948,701		)	—			—			(948,701		)
Net liabilities assumed per the P&A Agreement	(727,575		)	—			—			(727,575		)
Contractual discount	(56,970		)	—			—			(56,970		)
Net receivable from the FDIC	$	(784,545	)	$	—		$	—		$	(784,545	)
Fair value adjustments:
Loans	$	(22,666	)	$	919		$	(89	)	$	(21,836	)
Discount for loans to be repurchased by the FDIC	(2,797		)	—			—			(2,797		)
Other real estate owned	(3,359		)	(1,000		)	(113		)	(4,472		)
Core deposit intangible	64			—			—			64
Deposits	(54		)	—			—			(54		)
Other assets and accrued interest receivable	(60		)	—			—			(60		)
All other	(199		)	(15		)	13			(201		)
Total fair value adjustments	(29,071		)	(96		)	(189		)	(29,356		)
Discount	56,970			—			—			56,970
Bargain purchase gain, pre-tax	$	27,899		$	(96	)	$	(189	)	$	27,614

Composition of Acquired Loans

Tennessee Commerce Bank

	January 27, 2012
	As Previously Reported					As Recasted
	Contractual		Fair Value			2012 Recast			Fair
(in thousands)	Amount		Adjustments			Adjustments			Value
Residential real estate	$	22,693	$	(4,076	)	$	243		$	18,860
Commercial real estate	18,646		(6,971		)	1,988			13,663
Construction & land development	14,877		(2,681		)	(1,972		)	10,224
Commercial & industrial	13,224		(6,939		)	496			6,781
Home equity	6,220		(606		)	24			5,638
Consumer:
Credit cards	608		(22		)	—			586
Overdrafts	672		(621		)	—			51
Other consumer	2,172		(750		)	51			1,473
Total loans	$	79,112	$	(22,666	)	$	830		$	57,276

Purchased Loans

Tennessee Commerce Bank

	January 27, 2012
	As Previously			2012 Recast			As
(in thousands)	Reported			Adjustments			Recasted
Contractually-required principal and interest payments	$	52,278		$	—		$	52,278
Non-accretable difference	(21,308		)	903			(20,405		)
Cash flows expected to be collected	30,970			903			31,873
Accretable difference	(425		)	(73		)	(498		)
Fair value of loans	$	30,545		$	830		$	31,375

Composition of Deposits

Tennessee Commerce Bank

	January 27, 2012
	Contractual		Fair Value		Recast		Fair
(in thousands)	Amount		Adjustments		Adjustments		Value
Demand	$	3,190	$	—	$	—	$	3,190
Money market accounts	11,338		—		—		11,338
Savings	91,859		—		—		91,859
Individual retirement accounts*	15,486		—		—		15,486
Time deposits, $100,000 and over*	278,825		—		—		278,825
Other certificates of deposit*	108,003		14		—		108,017
Brokered certificates of deposit*	418,940		40		—		418,980
Total interest-bearing deposits	927,641		54		—		927,695
Total non interest-bearing deposits	19,754		—		—		19,754
Total deposits	$	947,395	$	54	$	—	$	947,449

First Commercial Bank ("FCB")

2012 Fdic - assisted acquisitions of failed banks

Assets Acquired and Liabilities Assumed Including Recast Adjustments

First Commercial Bank

	September 7, 2012
	As Previously Reported						As Recasted
							2012 & 2013
	Contractual			Fair Value			Recast			Fair
(in thousands)	Amount			Adjustments			Adjustments			Value
Assets acquired :
Cash and cash equivalents	$	10,524		$	—		$	—		$	10,524
Securities available for sale	12,002			—			—			12,002
Loans	171,744			(44,214		)	2,821			130,351
Federal Home Loan Bank stock, at cost	407			—			—			407
Other real estate owned	19,360			(8,389		)	(785		)	10,186
Core deposit intangible	—			559			—			559
Discount	(79,412		)	79,412			—			—
FDIC settlement receivable	64,326			—			—			64,326
Other assets and accrued interest receivable	829			(95		)	—			734
Total assets acquired	$	199,780		$	27,273		$	2,036		$	229,089
Liabilities assumed:
Deposits:
Non interest-bearing	$	7,197		$	—		$	—		$	7,197
Interest-bearing	189,057			(3		)	—			189,054
Total deposits	196,254			(3		)	—			196,251
Federal Home Loan Bank advances	3,002			63			—			3,065
Accrued income taxes payable	—			9,706			712			10,418
Other liabilities and accrued interest payable	524			101			—			625
Total liabilities assumed	$	199,780		$	9,867		$	712		$	210,359
Equity:
Bargain purchase gain, net of taxes	—			17,406			1,324			18,730
Total liabilities assumed and equity	$	199,780		$	27,273		$	2,036		$	229,089

Summary of Net Assets Acquired from FDIC and Estimated Fair Value Adjustments

First Commercial Bank

	September 7, 2012
				Fourth Quarter		First Quarter
	As Previously			2012 Recast		2013 Recast			As
(in thousands)	Reported			Adjustments		Adjustments			Recasted
Assets acquired, at contractual amount	$	214,866		$	—	$	—		$	214,866
Liabilities assumed, at contractual amount	(199,780		)	—		—			(199,780		)
Net liabilities assumed per the P&A Agreement	15,086			—		—			15,086
Contractual discount	(79,412		)	—		—			(79,412		)
Net receivable from the FDIC	$	(64,326	)	$	—	$	—		$	(64,326	)
Fair value adjustments:
Loans	$	(44,214	)	$	423	$	2,398		$	(41,393	)
Other real estate owned	(8,389		)	289		(1,074		)	(9,174		)
Core deposit intangible	559			—		—			559
Deposits	3			—		—			3
Federal Home Loan Bank advances	(63		)	—		—			(63		)
Other assets and accrued interest receivable	(95		)	—		—			(95		)
All other	(101		)	—		—			(101		)
Total fair value adjustments	(52,300		)	712		1,324			(50,264		)
Discount	79,412			—		—			79,412
Bargain purchase gain, pre-tax	$	27,112		$	712	$	1,324		$	29,148

Composition of Acquired Loans

First Commercial Bank

	September 7, 2012
	As Previously Reported					As Recasted
						2012 & 2013
	Contractual		Fair Value			Recast			Fair
(in thousands)	Amount		Adjustments			Adjustments			Value
Residential real estate	$	48,409	$	(9,634	)	$	180		$	38,955
Commercial real estate	82,161		(12,330		)	(1,746		)	68,085
Construction & land development	14,918		(6,182		)	316			9,052
Commercial & industrial	25,475		(16,060		)	4,120			13,535
Home equity	404		(3		)	—			401
Consumer:
Credit cards	—		—			—			—
Overdrafts	6		—			—			6
Other consumer	371		(5		)	(49		)	317
Total loans	$	171,744	$	(44,214	)	$	2,821		$	130,351

Purchased Loans

First Commercial Bank

	September 7, 2012
				2012 & 2013
	As Previously			Recast			As
(in thousands)	Reported			Adjustments			Recasted
Contractually-required principal and interest payments	$	116,940		$	4,213		$	121,153
Non-accretable difference	(33,523		)	4,640			(28,883		)
Cash flows expected to be collected	83,417			8,853			92,270
Accretable difference	(2,827		)	(1,819		)	(4,646		)
Fair value of loans	$	80,590		$	7,034		$	87,624

Composition of Deposits

First Commercial Bank

	September 7, 2012
	Contractual		Fair Value			Recast		Fair
(in thousands)	Amount		Adjustments			Adjustments		Value
Demand	$	4,003	$	—		$	—	$	4,003
Money market accounts	38,187		—			—		38,187
Savings	—		—			—		—
Individual retirement accounts*	16,780		—			—		16,780
Time deposits, $100,000 and over*	14,740		—			—		14,740
Other certificates of deposit*	62,033		—			—		62,033
Brokered certificates of deposit*	53,314		(3		)	—		53,311
Total interest-bearing deposits	189,057		(3		)	—		189,054
Total non interest-bearing deposits	7,197		—			—		7,197
Total deposits	$	196,254	$	(3	)	$	—	$	196,251

* - denotes a time deposit