Document And Entity Information |
6 Months Ended |
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Jun. 30, 2017
shares
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| Document Information [Line Items] | |
| Document Type | 10-Q |
| Amendment Flag | false |
| Document Period End Date | Jun. 30, 2017 |
| Document Fiscal Year Focus | 2017 |
| Document Fiscal Period Focus | Q2 |
| Entity Registrant Name | SEACOAST BANKING CORP OF FLORIDA |
| Entity Central Index Key | 0000730708 |
| Current Fiscal Year End Date | --12-31 |
| Entity Filer Category | Accelerated Filer |
| Trading Symbol | SBCF |
| Entity Common Stock, Shares Outstanding | 43,458,973 |
CONDENSED CONSOLIDATED BALANCE SHEETS (Parenthetical) - USD ($) $ in Thousands |
Jun. 30, 2017 |
Dec. 31, 2016 |
|---|---|---|
| Held for Investment, Fair Value, Total | $ 397,357 | $ 369,881 |
| Common stock, par value | $ 0.10 | $ 0.10 |
| Common stock, shares authorized | 60,000,000 | 60,000,000 |
| Common stock, shares issued | 43,550,182 | 38,090,568 |
| Common stock, shares outstanding | 43,458,973 | 38,021,835 |
CONDENSED CONSOLIDATED STATEMENTS OF INCOME - USD ($) $ in Thousands |
3 Months Ended | 6 Months Ended | ||
|---|---|---|---|---|
Jun. 30, 2017 |
Jun. 30, 2016 |
Jun. 30, 2017 |
Jun. 30, 2016 |
|
| Interest and fees on loans | $ 38,209 | $ 29,244 | $ 70,100 | $ 55,278 |
| Interest and dividends on securities | 8,585 | 6,902 | 16,959 | 12,749 |
| Interest on interest bearing deposits and other investments | 604 | 433 | 1,114 | 723 |
| TOTAL INTEREST INCOME | 47,398 | 36,579 | 88,173 | 68,750 |
| Interest on deposits | 1,668 | 1,238 | 2,858 | 2,155 |
| Interest on borrowed money | 1,574 | 848 | 2,994 | 1,880 |
| TOTAL INTEREST EXPENSE | 3,242 | 2,086 | 5,852 | 4,035 |
| NET INTEREST INCOME | 44,156 | 34,493 | 82,321 | 64,715 |
| Provision for loan losses | 1,401 | 662 | 2,705 | 861 |
| NET INTEREST INCOME AFTER PROVISION FOR LOAN LOSSES | 42,755 | 33,831 | 79,616 | 63,854 |
| Noninterest income | ||||
| Other income | 10,467 | 9,111 | 20,372 | 17,741 |
| Securities gains, net (includes net gains (losses) of $23 and ($19) in other comprehensive income reclassifications for the three months ended June 30, 2017 and 2016, respectively, and net gains of $23 and $28 for the six months ended June 30, 2017 and 2016, respectively) | 21 | 47 | 21 | 136 |
| TOTAL NONINTEREST INCOME | 10,488 | 9,158 | 20,393 | 17,877 |
| TOTAL NONINTEREST EXPENSES | 41,625 | 34,808 | 76,371 | 67,149 |
| INCOME BEFORE INCOME TAXES | 11,618 | 8,181 | 23,638 | 14,582 |
| Provision for income taxes (includes $9 and $(7) in income tax provision (benefit) from reclassification items for the three months ended June 30, 2017 and 2016, respectively, and $9 and $11 in income tax provision for the six months ended June 30, 2017 and 2016, respectively). | 3,942 | 2,849 | 8,036 | 5,284 |
| NET INCOME | $ 7,676 | $ 5,332 | $ 15,602 | $ 9,298 |
| PER SHARE COMMON STOCK: | ||||
| Net income diluted (in dollars per share) | $ 0.18 | $ 0.14 | $ 0.38 | $ 0.25 |
| Net income basic (in dollars per share) | 0.18 | 0.14 | 0.38 | 0.26 |
| Cash dividends declared (in dollars per share) | $ 0.00 | $ 0.00 | $ 0.00 | $ 0.00 |
| Average shares outstanding-diluted (in shares) | 43,556,285 | 38,141,550 | 41,538,769 | 36,797,259 |
| Average shares outstanding-basic (in shares) | 42,841,152 | 37,470,071 | 40,851,273 | 36,159,473 |
CONDENSED CONSOLIDATED STATEMENTS OF INCOME (Parenthetical) - USD ($) $ in Thousands |
3 Months Ended | 6 Months Ended | ||
|---|---|---|---|---|
Jun. 30, 2017 |
Jun. 30, 2016 |
Jun. 30, 2017 |
Jun. 30, 2016 |
|
| Reclassification adjustment for securities gains included in net income | $ 23 | $ (19) | $ 23 | $ 28 |
| Other Comprehensive Income (Loss), Reclassification Adjustment from AOCI for Sale of Securities, Tax | $ 9 | $ (7) | $ 9 | $ 11 |
CONDENSED CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME - USD ($) $ in Thousands |
3 Months Ended | 6 Months Ended | ||
|---|---|---|---|---|
Jun. 30, 2017 |
Jun. 30, 2016 |
Jun. 30, 2017 |
Jun. 30, 2016 |
|
| NET INCOME | $ 7,676 | $ 5,332 | $ 15,602 | $ 9,298 |
| Other comprehensive income: | ||||
| Unrealized gains on securities available for sale | 5,601 | 8,953 | 8,776 | 16,597 |
| Amortization of unrealized losses on securities transferred to held to maturity, net | 122 | 122 | 244 | 244 |
| Reclassification adjustment for gains included in net income | (21) | (47) | (21) | (136) |
| Income tax effect on other comprehensive income | (2,199) | (3,485) | (3,467) | (6,362) |
| COMPREHENSIVE INCOME | $ 11,179 | $ 10,875 | $ 21,134 | $ 19,641 |
CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($) $ in Thousands |
6 Months Ended | |
|---|---|---|
Jun. 30, 2017 |
Jun. 30, 2016 |
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| CASH FLOWS FROM OPERATING ACTIVITIES | ||
| Net income | $ 15,602 | $ 9,298 |
| Adjustments to reconcile net income to net cash provided by operating activities: | ||
| Depreciation | 2,677 | 2,235 |
| Amortization of premiums and discounts on securities, net | 1,838 | 2,385 |
| Other amortization and accretion, net | (429) | (1,110) |
| Stock based compensation | 2,540 | 1,807 |
| Origination of loans designated for sale | (117,379) | (83,207) |
| Sale of loans designated for sale | 113,527 | 88,760 |
| Provision for loan losses | 2,705 | 861 |
| Deferred income taxes | 7,338 | 4,886 |
| Gains on sale of securities | (21) | (136) |
| Gains on sale of loans | (3,078) | (2,502) |
| Gains on sale of other real estate owned | (212) | (252) |
| Losses and writedowns on disposition of fixed assets | 2,316 | 1,937 |
| Changes in operating assets and liabilities, net of effects from acquired companies: | ||
| Net decrease (increase) in other assets | 1,347 | (3,877) |
| Net (decrease) increase in other liabilities | (2,634) | 5,105 |
| Net cash provided by operating activities | 26,137 | 26,190 |
| CASH FLOWS FROM INVESTING ACTIVITIES | ||
| Maturity of securities available for sale | 125,115 | 59,151 |
| Maturity of securities held to maturity | 42,883 | 15,584 |
| Proceeds from sale of securities available for sale | 3,820 | 12,211 |
| Purchases of securities available for sale | (142,062) | (149,969) |
| Purchases of securities held to maturity | (49,963) | (213,766) |
| Maturity of time deposits with other banks | 847 | 0 |
| Net new loans and principal repayments | (198,080) | (129,832) |
| Proceeds from the sale of other real estate owned | 3,324 | 4,207 |
| Proceeds from sale of FHLB and Federal Reserve Bank stock | 14,832 | 1,700 |
| Purchase of FHLB and Federal Reserve Stock | (15,012) | (9,297) |
| Purchase of VISA Class B stock | (6,180) | 0 |
| Net cash from bank acquisition | 30,233 | 260,471 |
| Additions to bank premises and equipment | (2,979) | (3,309) |
| Net cash used in investing activities | (193,222) | (152,849) |
| CASH FLOWS FROM FINANCING ACTIVITIES | ||
| Net increase in deposits | 166,863 | 5,421 |
| Net increase (decrease) in federal funds purchased and repurchase agreements | (36,644) | 11,382 |
| Net increase (decrease) in FHLB borrowings | (20,000) | 151,000 |
| Early redemption of FHLB borrowings | 0 | (50,000) |
| Issuance of common stock, net of related expense | 55,641 | 0 |
| Stock based employee benefit plans | (222) | (409) |
| Dividends paid | 0 | 0 |
| Net cash provided by financing activities | 165,638 | 117,394 |
| Net decrease in cash and cash equivalents | (1,447) | (9,265) |
| Cash and cash equivalents at beginning of period | 109,644 | 136,067 |
| Cash and cash equivalents at end of period | 108,197 | 126,802 |
| Supplemental disclosure of non cash investing activities: | ||
| Transfers from loans to other real estate owned | 448 | 2,806 |
| Transfers from bank premises to other real estate owned | 1,212 | 3,175 |
| Purchase of securities on trade date | $ 63,926 | $ 1,198 |
BASIS OF PRESENTATION |
6 Months Ended | |
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Jun. 30, 2017 | ||
| Accounting Policies [Abstract] | ||
| BASIS OF PRESENTATION | NOTE A BASIS OF PRESENTATION The accompanying unaudited condensed consolidated financial statements have been prepared in accordance with U.S. generally accepted accounting principles for interim financial information and with the instructions to Form 10-Q and Rule 10-01 of Regulation S-X. Accordingly, they do not include all of the information and footnotes required by U.S. 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. Operating results for the six-month period ended June 30 2017 are not necessarily indicative of the results that may be expected for the year ending December 31, 2017 or any other period. For further information, refer to the consolidated financial statements and footnotes thereto included in the Company’s annual report on Form 10-K for the year ended December 31, 2016. Use of Estimates The preparation of these condensed consolidated financial statements required the use of certain estimates by management in determining the Company’s assets, liabilities, revenues and expenses. Actual results could differ from those estimates. Specific areas, among others, requiring the application of management’s estimates include determination of the allowance for loan losses, the valuation of investment securities available for sale, fair value of impaired loans, contingent liabilities, fair value of other real estate owned, and the valuation of deferred tax assets. Actual results could differ from those estimates. |
RECENTLY ISSUED ACCOUNTING STANDARDS, Not adopted as of June 30, 2017 |
6 Months Ended | |
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Jun. 30, 2017 | ||
| Accounting Changes and Error Corrections [Abstract] | ||
| RECENTLY ISSUED ACCOUNTING STANDARDS | NOTE B RECENTLY ISSUED ACCOUNTING STANDARDS, Not adopted as of June 30, 2017 The following provides a brief description of accounting standards that have been issued but are not yet adopted that could affect the Company's financial statements: In May 2017, the Financial Accounting Standards Board (“FASB”) issued Accounting Standards Update (“ASU”) 2017-09, clarifying when changes to the terms of share-based awards, such as value, vesting conditions or classification of the awards, should be accounted for as modifications. All the disclosures about modifications that are required today would need to be made, along with disclosing any change (or no change) in compensation expense. This guidance is effective for annual and interim periods beginning after December 15, 2017. Early adoption is permitted. Adoption of this standard is being evaluated as to its effect on the Company’s operating results and financial condition. In March 2017, the FASB issued ASU 2017-08, requiring entities to amortize premiums on certain purchased callable debt securities to their earliest call date. The accounting for purchased callable debt securities held at a discount did not change. Amortizing the premium to the earliest call date generally aligns interest income recognition with the economics of instruments. This guidance requires a modified retrospective transition under which a cumulative adjustment will be made to retained earnings as of the beginning of the first reporting period in which the guidance is adopted. This guidance is effective for fiscal years beginning after December 15, 2018. Adoption of this standard is being evaluated as to its effect on the Company’s operating results or financial condition. In January 2017, the FASB issued ASU 2017-04, eliminating Step 2 from the goodwill impairment test. Under the amendments to the guidance, an entity should perform its goodwill impairment test by comparing the fair value of a reporting unit with its carrying amount. An entity should recognize an impairment charge for the amount by which the carrying amount exceeds the reporting unit’s fair value. The loss recognized, however, should not exceed the total amount of goodwill allocated to that reporting unit. Additionally, an entity should consider income tax effects from any tax deductible goodwill on the carrying amount of the reporting unit when measuring the goodwill impairment loss, if applicable. The guidance is effective for annual periods or any interim goodwill impairment tests beginning after December 15, 2019 using a prospective transition method. Early adoption is permitted. Adoption of this standard is being evaluated as to its effect on the Company’s operating results or financial condition. In August and November 2016, the FASB issued final guidance via ASU 2016-15 and ASU 2016-18, which address classification of certain cash receipts and cash payments, including changes in restricted cash, in the statement of cash flows. The guidance may change how an entity classifies certain cash receipts and cash payments on its statement of cash flows, the purpose being to reduce diversity in practice. The Company is evaluating the impact of ASU 2016-15 and 2016-18 on the Company’s statement of cash flows which will generally be applied retrospectively for fiscal years beginning after December 15, 2017. In June 2016, the FASB issued ASU 2016-13 for “Measurement of Credit Losses on Financial Instruments” to replace the incurred loss impairment methodology with a current expected credit loss methodology for financial instruments measured at amortized cost and other commitments to extend credit. Expected credit losses reflect losses over the remaining contractual life of an asset, considering the effect of voluntary prepayments and considering available information about the collectability of cash flows, including information about past events, current conditions, and supportable forecasts. The resultant allowance for credit losses reflects the portion of the amortized cost basis that the entity does not expect to collect. Additional quantitative and qualitative disclosures are required upon adoption. The Company is assessing current loan loss estimation models and processes to determine the need for changes as part of its evaluation of the impact of this new accounting guidance. Adoption is required January 1, 2020, with early adoption permitted on January 1, 2019. In March 2016, under ASU 2016-04, “Liabilities Extinguishments of Liabilities, Breakage for Certain Prepaid Stored-Value Products” the FASB intends for entities to recognize liabilities for the sale of prepaid stored value products redeemable for goods, services, or cash. This guidance aligns recognition of breakage for these liabilities in a way consistent with how gift card breakage will be recognized. The Company is currently evaluating the impact of adopting the new guidance on its consolidated financial statements. Effective date for implementation of the guidance is for annual periods after December 15, 2018. In February 2016, the FASB amended existing guidance related to the recognition of lease assets and lease liabilities on the balance sheet and disclosures of key information about leasing arrangements, under ASU 2016-02. The guidance requires all parties to classify leases to determine how to recognize lease-related revenue and expense. The amendment requires lessees to put most leases on their balance sheet and record expenses to the income statement. Changes in the guidance eliminate real estate centric provisions for sale-leaseback transactions, including initial direct costs and lease execution costs for all entities. For lessors, the new FASB standard modifies classification criteria and accounting for sales type and direct financing leases. The Company is currently evaluating the impact of adopting the new guidance on its consolidated financial statements. The amended accounting guidance is applicable to periods after December 15, 2018 and interim periods within that year. In January 2016, the FASB issued ASU 2016-01 for “Recognition and Measurement of Financial Assets and Liabilities.” The ASU addresses certain aspects of recognition, measurement, presentation, and disclosure of financial instruments. The update: a) requires equity investments (except those accounted for under the equity method of accounting) to be measured at fair value and recognized in net income, b) simplifies impairment assessments of equity investments without readily determinable fair values by requiring a qualitative assessment to identify impairment, and if impaired requires measurement of the investment at fair value, c) eliminates the requirement to disclose the methods and significant assumptions used to estimate the fair value, d) requires entities to use the exit price notion when measuring the fair value of financial instruments for disclosure purposes, e) requires an entity to present separately in other comprehensive income the portion of the total change in fair value of a liability resulting from a change in the instrument-specific credit risk when the entity has elected to measure the liability at fair value in accordance with the fair value option for financial instruments, f) requires separate presentation of financial assets and financial liabilities by measurement category and form of financial asset (that is, securities or loans and receivables) on the balance sheet or the accompanying notes to the financial statements, and g) clarifies that an entity should evaluate the need for a valuation allowance on a deferred tax asset related to available-for-sale securities in combination with the entity’s other deferred tax assets. The ASU is effective for fiscal years beginning after December 15, 2017, and must be adopted on a modified retrospective basis, including interim periods within those fiscal years. The adoption of ASU 2016-01 is being evaluated for its impact on the Company’s operating results and financial condition. In May 2014, the FASB issued ASU 2014-09, “Revenue Recognition Revenue from Contracts with Customers.” The ASU is a converged standard between the FASB and the IASB that provides a single comprehensive revenue recognition model for all contracts with customers across transactions and industries. The primary objective of the ASU is revenue recognition that represents the transfer of control of promised goods or services to customers in an amount that reflects the consideration to which the entity expects to be entitled in exchange for those goods or services. Revenue associated with loans and securities is not in the scope of the new guidance, and based the Company’s evaluation to date we do not expect the adoption to have a significant impact on the Company’s operating results or financial condition. The Company plans to adopt the new guidance on January 1, 2018. |
BASIC AND DILUTED EARNINGS PER COMMON SHARE |
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| Earnings Per Share [Abstract] | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| BASIC AND DILUTED EARNINGS PER COMMON SHARE | NOTE C BASIC AND DILUTED EARNINGS PER COMMON SHARE For each of the three month periods ended June 30, 2017 and 2016, options to purchase 59,000 shares and 127,000 shares, respectively, were antidilutive and accordingly were excluded in determining diluted earnings per share.
The diluted impact of restricted stock and stock options is calculated under the treasury method. |
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SECURITIES |
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| Investments, Debt and Equity Securities [Abstract] | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| SECURITIES | NOTE D SECURITIES The amortized cost, unrealized gains and losses, and fair value of securities available for sale and held to maturity at June 30, 2017 and December 31, 2016 are summarized as follows:
Proceeds from sales of securities during the three and six month period ended June 30, 2017 were $3.8 million, with gross gains of $21,000 and no gross losses. Proceeds from sales of securities during the three month period ended June 30, 2016 were $1.7 million, with gross gains of $47,000 and no gross losses. Proceeds from sales of securities during the six month period ended June 30, 2016 were $12.1 million, with gross gains of $147,000 and gross losses of $11,000. In 2014, approximately $158.8 million of investment securities available for sale were transferred into held to maturity. The unrealized holding losses at the date of transfer totaled $3.1 million. The unrealized holding losses at the date of the transfer are amortized over the remaining life of these securities as an adjustment of yield in a manner consistent with the amortization of a discount. The amortization of unrealized holding losses reported in other comprehensive income will offset the effect on interest income of the amortization of the discount. At June 30, 2017, the remaining unrealized holding losses totaled $1.6 million. Securities at June 30, 2017 with a fair value of $183.3 million were pledged as collateral for United States Treasury deposits, other public deposits and trust deposits. Securities with a fair value of $167.6 million were pledged as collateral for repurchase agreements at June 30, 2017. The amortized cost and fair value of securities available for sale and held to maturity at June 30, 2017, by contractual maturity, are shown below. Expected maturities will differ from contractual maturities because prepayments of the underlying collateral for these securities may occur, due to the right to call or repay obligations with or without call or prepayment penalties. Securities not due at a single maturity date are shown separately.
The estimated fair value of a security is determined based on market quotations when available or, if not available, by using quoted market prices for similar securities, pricing models or discounted cash flow analyses, using observable market data where available. The tables below indicate the amount of securities with unrealized losses and the period of time for which these losses were outstanding at June 30, 2017 and December 31, 2016, respectively.
The two tables above include securities held to maturity that were transferred from available for sale into held to maturity during 2014. Those securities had unrealized losses of $3.1 million at the date of transfer, and at June 30, 2017, the unamortized balance was $1.6 million. The fair value of those securities in an unrealized loss position for less than twelve months at June 30, 2017 and December 31, 2016 was $7.4 million and $22.8 million, respectively. The unrealized losses on those securities in an unrealized loss position for less than twelve months at June 30, 2017 and December 31, 2016 was $0.1 million and $0.4 million, respectively. The fair value of those securities in an unrealized loss position for more than twelve months at June 30, 2017 and December 31, 2016 was $7.4 million and none, respectively. The unrealized losses on those securities in an unrealized loss position for more than twelve months at June 30, 2017 and December 31, 2016 was $0.1 million and none, respectively. At June 30, 2017, unrealized losses on mortgage backed securities, collateralized mortgage obligations and commercial mortgage backed securities of U.S. government sponsored entities having a fair value of $512.4 million totaled $9.1 million, which was attributable to a combination of factors, including relative changes in interest rates since the time of purchase. The contractual cash flows for these securities are guaranteed by U.S. government agencies and U.S. government-sponsored enterprises. Based on our assessment of these factors, management believes that the unrealized losses on these debt security holdings are a function of changes in investment spreads and interest rate movements and not changes in credit quality. Management expects to recover the entire amortized cost basis of these securities. At June 30, 2017, private label securities secured by seasoned residential collateral with a fair value of $33.0 million had approximately $0.6 million in unrealized losses. This was attributable to a combination of factors, including relative changes in interest rates since the time of purchase. The collateral underlying these mortgage investments are 30- and 15-year fixed and 10/1 adjustable rate mortgage loans with low loan to values, subordination and historically have had minimal foreclosures and losses. Based on its assessment of these factors, management believes that the unrealized losses on these debt security holdings are a function of changes in investment spreads and interest rate movements and not changes in credit quality. Management expects to recover the entire amortized cost basis of these securities. At June 30, 2017, remaining securities categories had unrealized losses of $0.7 million and summed to a fair value of $66.9 million. Management believes that unrealized losses on these remaining debt security holdings are a function of changes in investment spreads and interest movements and not change in credit quality. Management expects to recover the entire amortized cost basis of these securities. As of June 30, 2017, management does not intend to sell securities that are in unrealized loss positions and it is not more likely than not that the Company will be required to sell these securities before recovery of the amortized cost basis. Therefore, management does not consider any investment to be other-than-temporarily impaired at June 30, 2017. Included in other assets is $36.4 million of Federal Home Loan Bank and Federal Reserve Bank stock stated at par value. At June 30, 2017, the Company had not identified events or changes in circumstances which may have a significant adverse effect on the ability to redeem these holdings. The Company also holds 211,330 shares of Visa Class B stock which, following resolution of Visa litigation, will be converted to Visa Class A shares (the conversion rate is 1.6483 shares of Class A stock for each share of Class B stock) for a total of 348,335 shares of Visa Class A stock. Our holdings are related to prior ownership in Visa’s network while Visa operated as a cooperative (11,330 shares), and by acquisition via auctions (200,000 shares) for $6.2 million conducted by the FDIC during the first quarter of 2017. These holdings are reported in other assets in the Consolidated Balance Sheets at the Company’s cost of $6.2 million. |
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LOANS |
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| Receivables [Abstract] | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| LOANS | NOTE E LOANS Information relating to portfolio loans, purchased credit impaired (“PCI”) loans, and purchased unimpaired loans (“PUL”) as of June 30, 2017 and December 31, 2016 is summarized as follows:
(1) Net loan balances as of June 30, 2017 and December 31, 2016 include deferred costs of $10.6 million for each period presented, respectively. Purchased Loans - PCI loans are accounted for pursuant to ASC Topic 310-30. The excess of cash flows expected to be collected over the estimated fair value is referred to as the accretable yield and is recognized in interest income over the remaining life of the loan in situations where there is a reasonable expectation about the timing and amount of cash flows expected to be collected. The difference between the contractually required payments and the cash flows expected to be collected, considering the impact of prepayments, is referred to as the nonaccretable difference. We have applied ASC Topic 310-20 accounting treatment to PULs. The table below summarizes the changes in accretable yield for PCI loans during the three and six month periods ended June 30, 2017 and 2016, respectively: Activity during the three months ended June 30, 2017
Activity during the six months ended June 30, 2017
Activity during the three months ended June 30, 2016
Activity during the six months ended June 30, 2016
The following tables present the contractual delinquency of the recorded investment in past due loans by class of loans as of June 30, 2017 and December 31, 2016:
The Company utilizes an internal asset classification system as a means of reporting problem and potential problem loans. Under the Company’s risk rating system, the Company classifies problem and potential problem loans as “Special Mention,” “Substandard,” and “Doubtful” and these loans are monitored on an ongoing basis. Loans that do not currently expose the Company to sufficient risk to warrant classification in the Substandard or Doubtful categories, but possess weaknesses that deserve management’s close attention are deemed to be Special Mention. Substandard loans include those characterized by the distinct possibility that the Company will sustain some loss if the deficiencies are not corrected. Loans classified as Substandard may require a specific allowance. Loans classified as Doubtful have all the weaknesses inherent in those classified Substandard with the added characteristic that the weaknesses present make collection or liquidation in full, on the basis of currently existing facts, conditions and values, highly questionable and improbable. The principal on loans classified as Doubtful is generally charged off. Risk ratings are updated any time the situation warrants. Loans not meeting the criteria above are considered to be pass-rated loans and risk grades are recalculated at least annually by the loan relationship manager. The following tables present the risk category of loans by class of loans based on the most recent analysis performed as of June 30, 2017 and December 31, 2016:
* Comprised of a single loan that paid off in July 2017.
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| Loans and Leases Receivable Disclosure [Abstract] | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Impaired Loans and Allowance for Loan Losses | NOTE F IMPAIRED LOANS AND ALLOWANCE FOR LOAN LOSSES The Company’s Troubled Debt Restructuring (“TDR”) concessions granted generally do not include forgiveness of principal balances. Loan modifications are not reported in calendar years after modification if the loans were modified at an interest rate equal to the yields of new loan originations with comparable risk and the loans are performing based on the terms of the restructuring agreements. Most loans prior to modification were classified as an impaired loan and the allowance for loan losses is determined in accordance with Company policy. The following table presents loans that were modified within the six months ending June 30, 2017:
The following table presents loans that were modified within the six months ending June 30, 2016:
For the six months ended June 30, 2017 and 2016, there were no payment defaults on loans that had been modified to a TDR within the previous twelve months. The Company considers a loan to have defaulted when it becomes 90 days or more delinquent under the modified terms, has been transferred to nonaccrual status, or has been transferred to other real estate owned. A defaulted TDR is generally placed on nonaccrual and specific allowance for loan loss is assigned in accordance with the Company’s policy. As of June 30, 2017 and December 31, 2016, the Company’s recorded investment in impaired loans (excluding PCI loans), the unpaid principal balance, and the related valuation allowance were as follows:
For the three months ended June 30, 2017 and 2016, the Company’s average recorded investments in impaired loans (excluding PCI loans) and related interest income were as follows:
For the six months ended June 30, 2017 and 2016, the Company’s average recorded investments in impaired loans (excluding PCI loans) and related interest income were as follows:
Impaired loans also include loans that have been modified in troubled debt restructurings where concessions to borrowers who experienced financial difficulties have been granted. At June 30, 2017 and at December 31, 2016, accruing TDRs totaled $16.9 million and $17.7 million, respectively. The impaired loans are measured for impairment based on the value of underlying collateral or the present value of expected future cash flows discounted at the loan’s effective rate. The valuation allowance is included in the allowance for loan losses. Interest payments received on impaired loans are recorded as interest income unless collection of the remaining recorded investment is doubtful at which time payments received are recorded as reductions to principal. For impaired loans whose impairment is measured based on the present value of expected future cash flows, a total of $125,000 and $95,000, respectively, was included in interest income for the six months ended June 30, 2017 and 2016, respectively, and represents the change in present value attributable to the passage of time. Nonaccrual loans and accruing loans past due 90 days or more (excluding purchased loans) totaled $10.5 million and $0, respectively, at June 30, 2017, and $11.0 million and $0, respectively, at December 31, 2016. Purchased nonaccrual and accruing loans past due 90 days or more were $6.4 million and $0.2 million, respectively, at June 30, 2017, and $7.0 million and $0, respectively, at December 31, 2016. Activity in the allowance for loan losses (excluding PCI loans) for the three month and six month periods ended June 30, 2017 is summarized as follows:
Activity in the allowance for loan losses (excluding PCI loans) for the three month and six month periods ended June 30, 2016 is summarized as follows:
The allowance for loan losses is composed of specific allowances for certain impaired loans and general allowances grouped into loan pools based on similar characteristics. The Company’s loan portfolio (excluding PCI loans) and related allowance at June 30, 2017 and December 31, 2016 is shown in the following tables:
Loans collectively evaluated for impairment included loans acquired in connection with the acquisition of GulfShore Bancshares, Inc. (“GulfShore”) on April 7, 2017, Floridian Financial Group, Inc. (“Floridian”) on March 11, 2016, certain branches from BMO Harris Bank, N.A. (“BMO”) on June 3, 2016, Grand Bankshares, Inc. (“Grand”) on July 17, 2015, and The BANKshares, Inc. on October 1, 2014 that are not PCI loans. At June 30, 2017, the remaining fair value adjustments for loans acquired was approximately $15.5 million, or approximately 2.54% of the outstanding aggregate PUL balances. At December 31, 2016, the remaining fair value adjustments for loans acquired was approximately $13.7 million, or approximately 3.11% of the outstanding aggregate PUL balances. These amounts, representing the remaining fair value discount of each PUL, are accreted into interest income over the remaining lives of the related loans on a level yield basis. The table below summarizes PCI loans that were individually evaluated for impairment based on expected cash flows at June 30, 2017 and December 31, 2016:
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SECURITIES SOLD UNDER AGREEMENTS TO REPURCHASE |
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Jun. 30, 2017 | ||||||||||||||||||||||||||||||||||
| Brokers and Dealers [Abstract] | ||||||||||||||||||||||||||||||||||
| SECURITIES SOLD UNDER AGREEMENTS TO REPURCHASE | NOTE G SECURITIES SOLD UNDER AGREEMENTS TO REPURCHASE Securities sold under agreements to repurchase are accounted for as secured borrowings. For securities sold under agreements to repurchase, the Company is obligated to provide additional collateral in the event of a significant decline in fair value of collateral pledged. At June 30, 2017 and December 31, 2016, Company securities sold under agreements to repurchase and securities pledged were as follows by collateral type and maturity:
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NONINTEREST INCOME AND EXPENSES |
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| Noninterest Income and Expenses [Abstract] | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| NONINTEREST INCOME AND EXPENSE | NOTE H NONINTEREST INCOME AND EXPENSES Detail of noninterest income and expenses as of the three and six months ended June 30, 2017 and 2016 follows:
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EQUITY CAPITAL |
6 Months Ended | |
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Jun. 30, 2017 | ||
| Equity [Abstract] | ||
| EQUITY CAPITAL | NOTE I EQUITY CAPITAL On February 21, 2017, the Company completed a public offering of 2,702,500 shares of common stock, generating net proceeds of $55.6 million. In addition, CapGen Capital Group III LP (“CapGen”), in conjunction with the Company’s offering, sold 6,210,000 shares of the Company’s common stock, with no net proceeds to the Company. The Company is well capitalized and at June 30, 2017, the Company and the Company’s principal banking subsidiary, Seacoast National Bank, or “Seacoast Bank”, met the common equity Tier 1 capital ratio (CET1) regulatory threshold of 6.5% for well-capitalized institutions under the Basel III standardized transition approach, as well as risk-based and leverage ratio requirements for well capitalized banks under the regulatory framework for prompt corrective action. |
CONTINGENCIES |
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Jun. 30, 2017 | ||
| Commitments and Contingencies Disclosure [Abstract] | ||
| CONTINGENCIES | NOTE J CONTINGENCIES The Company and its subsidiaries, because of the nature of their businesses, are at all times subject to legal actions, threatened or filed. Management presently believes that none of the legal proceedings to which it is a party are likely to have a material adverse effect on the Company’s consolidated financial condition, operating results or cash flows, although no assurance can be given with respect to the ultimate outcome of any such claim or litigation. |
FAIR VALUE |
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| Fair Value Disclosures [Abstract] | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| FAIR VALUE | NOTE K FAIR VALUE Under ASC 820, fair value measurements for items measured at fair value on a recurring and nonrecurring basis at June 30, 2017 and December 31, 2016 included:
____________ (1) See Note D for further detail of fair value of individual investment categories. (2) Recurring fair value basis determined using observable market data. (3) See Note F. Nonrecurring fair value adjustments to loans identified as impaired reflect full or partial write-downs that are based on the loan’s observable market price or current appraised value of the collateral in accordance with ASC 310. (4) Fair value is measured on a nonrecurring basis in accordance with ASC 360. The fair value of impaired real estate loans which are collateral dependent is based on recent real estate appraisals less estimated costs of sale. For residential real estate impaired loans, appraised values or internal evaluation are based on the comparative sales approach. These impaired loans are considered level 2 in the fair value hierarchy. For commercial and commercial real estate impaired loans, evaluations may use either a single valuation approach or a combination of approaches, such as comparative sales, cost and/or income approach. A significant unobservable input in the income approach is the estimated capitalization rate for a given piece of collateral. At June 30, 2017, the capitalization rates utilized to determine fair value of the underlying collateral averaged approximately 7.8%. Adjustments to comparable sales may be made by an appraiser to reflect local market conditions or other economic factors and may result in changes in the fair value of an asset over time. As such, the fair value of these impaired loans is considered level 3 in the fair value hierarchy. Impaired loans measured at fair value totaled $10.7 million with a specific reserve of $0.6 million at June 30, 2017, compared to $4.1 million with a specific reserve of $0.4 million at December 31, 2016. Fair value of available for sale securities is determined using valuation techniques for individual investments as described in Note D. When appraisals are used to determine fair value and the appraisals are based on a market approach, the fair value of other real estate owned (“OREO”) is classified as a level 2 input. When the fair value of OREO is based on appraisals which require significant adjustments to market-based valuation inputs or apply an income approach based on unobservable cash flows, the fair value of OREO is classified as Level 3. Transfers between levels of the fair value hierarchy are recognized on the actual date of the event or circumstances that caused the transfer, which generally coincides with the Company’s monthly and/or quarter-end valuation process. During the six months ended June 30, 2017, there were no transfers between levels of the fair value hierarchy. For loans classified as level 3, the additions totaled $0.1 million for the first six months of 2017, consisting of loans that became impaired during 2017. Reductions consisted primarily of principal payments and totaled $0.6 million. Charge-offs recognized upon loan foreclosures are generally offset by general or specific allocations of the allowance for loan losses and generally do not, and did not during the reported periods, significantly impact the Company’s provision for loan losses. For OREO classified as level 3 during the first six months of 2017, foreclosed loans added $0.4 million and migrated branches taken out of service added $1.2 million. Reductions summed to $3.1 million and consisted almost entirely of sales of $2.9 million. The carrying amount and fair value of the Company’s other significant financial instruments that are not measured at fair value on a recurring basis in the balance sheet as of June 30, 2017 and December 31, 2016 is as follows:
(1) See Note D for further detail of fair value of individual investment categories. The short maturity of Seacoast’s assets and liabilities results in having a significant number of financial instruments whose fair value equals or closely approximates carrying value. Such financial instruments are reported in the following balance sheet captions: cash and due from banks, interest bearing deposits with other banks, federal funds purchased, and securities sold under agreement to repurchase, maturing within 30 days, and FHLB borrowings. The following methods and assumptions were used to estimate the fair value of each class of financial instrument for which it is practicable to estimate that value at June 30, 2017 and December 31, 2016: Securities: U.S. Treasury securities are reported at fair value utilizing Level 1 inputs. Other securities are reported at fair value utilizing Level 2 inputs. The fair value measurements consider observable data that may include dealer quotes, market spreads, cash flows, the U.S. Treasury yield curve, live trading levels, trade execution data, market consensus prepayment speeds, credit information and the bond’s terms and conditions, among other factors. The Company reviews the prices supplied by independent pricing services, as well as their underlying pricing methodologies, for reasonableness and to ensure such prices are aligned with traditional pricing matrices. The fair value of collateralized loan obligations is determined from broker quotes. From time to time, the Company will validate, on a sample basis, prices supplied by the independent pricing service by comparison to prices obtained from other brokers and third-party sources or derived using internal models. Loans: Fair values are estimated for portfolios of loans with similar financial characteristics. Loans are segregated by type such as commercial or mortgage. Each loan category is further segmented into fixed and adjustable rate interest terms and by performing and nonperforming categories. The fair value of loans, except residential mortgages, is calculated by discounting scheduled cash flows through the estimated maturity using estimated market discount rates that reflect the credit and interest rate risks inherent in the loan. For residential mortgage loans, fair value is estimated by discounting contractual cash flows adjusting for prepayment assumptions using discount rates based on secondary market sources. The estimated fair value is not an exit price fair value under ASC 820 when this valuation technique is used. Loans held for sale: Fair values are based upon estimated values received from independent third party purchasers. These loans are intended for sale and the Company believes that the fair value is the best indicator of the resolution of these loans. Interest income is recorded based on the contractual terms of the loan and in accordance with the Company’s policy on loans held for investment. None of the loans are 90 days or more past due or on nonaccrual as of June 30, 2017 and December 31, 2016, respectively. Loans held for sale were as follows at June 30, 2017 and December 31, 2016:
Deposit Liabilities: The fair value of demand deposits, savings accounts and money market deposits is the amount payable at the reporting date. The fair value of fixed maturity certificates of deposit is estimated using the rates currently offered for funding of similar remaining maturities. |
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| Business Combinations [Abstract] | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Business Combinations | NOTE L BUSINESS COMBINATIONS Acquisition of Floridian Financial Group, Inc. On March 11, 2016, the Company completed its acquisition of Floridian, the parent company of Floridian Bank. Simultaneously, upon completion of the merger, Floridian’s wholly owned subsidiary bank, Floridian Bank, was merged with and into Seacoast Bank. Floridian, headquartered in Lake Mary, Florida, operated 10 branches in Orlando and Daytona Beach, of which several were consolidated with Seacoast locations. This acquisition added approximately $417 million in total assets, $337 million in deposits, and $266 million in loans to Seacoast. The Company acquired 100% of the outstanding common stock of Floridian. Under the terms of the definitive agreement, Floridian shareholders received, at their election, (i) the combination of $4.29 in cash and 0.5291 shares of Seacoast common stock, (ii) $12.25 in cash, or (iii) 0.8140 shares of Seacoast common stock, subject to a customary proration mechanism so that the aggregate consideration mix equaled 35% cash and 65% Seacoast shares (based on Seacoast’s closing price of $15.47 per share on March 11, 2016). The following table represents the purchase price paid to Floridian shareholders in connection with the acquisition:
The acquisition was accounted for under the acquisition method in accordance with ASC Topic 805, Business Combinations. The Company recognized goodwill on this acquisition which is nondeductible for tax purposes as this acquisition was a nontaxable transaction. The goodwill was calculated based on the fair values of the assets acquired and liabilities assumed as of the acquisition date. Loans that were nonaccrual and all loan relationships identified as impaired as of the acquisition date were considered by management to be credit impaired and were accounted for pursuant to ASC Topic 310-30.
The table below presents information with respect to the fair value of acquired loans, as well as their unpaid principal balance (“Book Balance”) at acquisition date.
For the loans acquired we first segregated all acquired loans with specifically identified credit deficiency factor(s). The factors we considered to identify loans as Purchased Credit Impaired (“PCI”) loans were all acquired loans that were nonaccrual, 60 days or more past due, designated as Troubled Debt Restructured (“TDR”), graded “special mention” or “substandard.” These loans were then evaluated to determine estimated fair values as of the acquisition date. As required by generally accepted accounting principles, we are accounting for these loans pursuant to ASC Topic 310-30. The table below summarizes the total contractually required principal and interest cash payments, management’s estimate of expected total cash payments and fair value of the loans as of March 11, 2016 for purchased credit impaired loans. Contractually required principal and interest payments have been adjusted for estimated prepayments.
Loans without specifically identified credit deficiency factors are referred to as Purchased Unimpaired Loans (“PULs”) for disclosure purposes. These loans were then evaluated to determine estimated fair values as of the acquisition date. Although no specific credit deficiencies were identifiable, we believe there is an element of risk as to whether all contractual cash flows will be eventually received. Factors that were considered included the economic environment both nationally and locally as well as the real estate market particularly in Florida. We have applied ASC Topic 310-20 accounting treatment to the PULs. The Company believes the deposits assumed from the acquisition have an intangible value. The Company applied ASC Topic 805, which prescribes the accounting for goodwill and other intangible assets such as core deposit intangibles, in a business combination. In determining the valuation amount, deposits were analyzed based on factors such as type of deposit, deposit retention, interest rates and age of deposit relationships. The Company recognized goodwill of $32 million for this acquisition that is nondeductible for tax purposes. The acquisition of Floridian constitutes a business combination. Accordingly, the assets acquired and liabilities assumed are presented at their fair values. The determination of fair value required management to make estimates about discount rates, future expected cash flows, market conditions and other future events that are highly subjective in nature and subject to change, and in some instances rely on use of third party experts. Acquisition of BMO Harris Central Florida Offices, Deposits and Loans On June 3, 2016, Seacoast Bank assumed approximately $314 million in deposits related to business and consumer banking customers at a deposit premium of 3.0% of the deposit balances, $63 million in business loans at a loan premium of 0.5%, and fourteen branches of BMO, located in the Orlando Metropolitan Statistical Area (“MSA”). The fair values listed are subject to adjustment. The acquisition is accounted for under the acquisition method in accordance with ASC Topic 805, Business Combinations. Determining fair values of assets and liabilities, especially the loan portfolio and bank premises and leases related to the fourteen branches acquired, is a complicated process involving significant judgment regarding methods and assumptions used to calculate estimated fair values.
The table below presents information with respect to the fair value of acquired loans, as well as their unpaid principal balance (“Book Balance”) at acquisition date.
At June 3, 2016, no loans acquired from BMO Harris were specifically identified with a credit deficiency factor(s). The factors we consider to identify loans as PCI loans are acquired loans that were nonaccrual, 60 days or more past due, designated as TDR, graded “special mention” or “substandard.” PULs were evaluated to determine estimated fair values as of the acquisition date. Although no specific credit deficiencies were identifiable, we believe there is an element of risk as to whether all contractual cash flows will be eventually received. Factors that were considered included the economic environment both nationally and locally as well as the real estate market particularly in Florida. We have applied ASC Topic 310-20 accounting treatment to the PULs. The Company believes the deposits assumed from the acquisition have an intangible value. The Company applied ASC Topic 805, which prescribes the accounting for goodwill and other intangible assets such as core deposit intangibles, in a business combination. In determining the valuation amount, a third party analyzed the deposits based on factors such as type of deposit, deposit retention, interest rates and age of deposit relationships. The Company recognized intangibles (including goodwill) of approximately $13 million for this acquisition that are deductible for tax purposes over a 15-year period. The acquisition of BMO’s Orlando banking operations by Seacoast Bank constitutes a business combination. Accordingly, the assets acquired and liabilities assumed are presented at their fair values. The determination of fair value requires management to make estimates about discount rates, future expected cash flows, market conditions and other future events that are highly subjective in nature and subject to change, and in some instances rely on use of third party experts. Acquisition of GulfShore Bancshares, Inc. On April 7, 2017, the Company completed its acquisition of GulfShore, the parent company of GulfShore Bank. Simultaneously, upon completion of the merger, GulfShore’s wholly owned subsidiary bank, GulfShore Bank, was merged with and into Seacoast Bank. GulfShore, headquartered in Tampa, Florida, operated 3 branches in Tampa and St. Petersburg, of which all have been retained as Seacoast locations. The Company acquired 100% of the outstanding common stock of GulfShore. Under the terms of the definitive agreement, GulfShore shareholders received, for each share of GulfShore common stock, the combination of $1.47 in cash and 0.4807 shares of Seacoast common stock (based on Seacoast’s closing price of $23.94 per share on April 7, 2017).
Merger related charges summed to $4.3 million for the second quarter of 2017, primarily impacting salaries and wages, outsourced data processing costs, and legal and professional fees. All of these costs were expensed in the second quarter of 2017. The acquisition was accounted for under the acquisition method in accordance with ASC Topic 805, Business Combinations. The Company recognized goodwill on this acquisition which is nondeductible for tax purposes as this acquisition was a nontaxable transaction. The goodwill was calculated based on the fair values of the assets acquired and liabilities assumed as of the acquisition date. The fair values initially assigned to assets acquired and liabilities assumed are preliminary and could change for up to one year after the closing date of the acquisition as new information and circumstances relative to closing date fair values are known. Determining fair values of assets and liabilities, especially the loan portfolio and foreclosed real estate, is a complicated process involving significant judgment regarding methods and assumptions used to calculate estimated fair values.
The table below presents information with respect to the fair value of acquired loans, as well as their unpaid principal balance (“Book Balance”) at acquisition date.
No loans acquired were specifically identified with credit deficiency factor(s), pursuant to ASC Topic 310-30. The factors we considered to identify loans as Purchased Credit Impaired (“PCI”) loans were all acquired loans that were nonaccrual, 60 days or more past due, designated as Troubled Debt Restructured (“TDR”), graded “special mention” or “substandard.” Loans without specifically identified credit deficiency factors are referred to as Purchased Unimpaired Loans (“PULs”) for disclosure purposes. These loans were then evaluated to determine estimated fair values as of the acquisition date. Although no specific credit deficiencies were identifiable, we believe there is an element of risk as to whether all contractual cash flows will be eventually received. Factors that were considered included the economic environment both nationally and locally as well as the real estate market particularly in Florida. We have applied ASC Topic 310-20 accounting treatment to the PULs. The Company believes the deposits assumed from the acquisition have an intangible value. The Company applied ASC Topic 805, which prescribes the accounting for goodwill and other intangible assets such as core deposit intangibles, in a business combination. In determining the valuation amount, deposits were analyzed based on factors such as type of deposit, deposit retention, interest rates and age of deposit relationships. The Company recognized goodwill of $37 million for this acquisition that is nondeductible for tax purposes. The acquisition of GulfShore constitutes a business combination. Accordingly, the assets acquired and liabilities assumed are presented at their fair values. The determination of fair value required management to make estimates about discount rates, future expected cash flows, market conditions and other future events that are highly subjective in nature and subject to change, and in some instances rely on use of third party experts. These fair value estimates are considered preliminary and are subject to change for up to one year after the closing date of the acquisition as additional information becomes available. For GulfShore, fair values as presented for securities, loans, fixed assets, other real estate owned, and certain other assets and liabilities are necessarily considered preliminary. Operating results of the Company for the three months ended June 30, 2017 include the operation of the acquired assets and assumed liabilities since the date of acquisition of April 7, 2017. Pro-forma data for the three months ended June 30, 2016 and six months ended June 30, 2017 and 2016 listed in the table below present pro-forma information as if the acquisition occurred at the beginning of 2016.
Proposed Acquisition of Palm Beach Community Bank On May 4, 2017, the Company announced that it had entered into an agreement and plan of merger with Palm Beach Community Bank, a Florida Bank (“PBCB”). The agreement provides that PBCB will merge with and into Seacoast Bank. PBCB operates four branches in West Palm Beach, Florida with deposits of approximately $281 million and loans of $290 million. This acquisition is anticipated to close in the fourth quarter of 2017, subject to the receipt of approvals from regulatory authorities, the approval of PBCB shareholders and the satisfaction of other closing conditions. Proposed Acquisition of NorthStar Bank On May 18, 2017, the Company announced that it had entered into an agreement and plan of merger with NorthStar Banking Corporation (“NSBC”) the holding company for NorthStar Bank, a Florida Bank (“NorthStar”). The agreement provides that NorthStar will merge with and into Seacoast Bank. NorthStar operates three branches in Tampa, Florida with deposits of approximately $168 million and loans of $137 million. This acquisition is anticipated to close in the fourth quarter of 2017, subject to the receipt of approvals from regulatory authorities, the approval of NSBC shareholders and the satisfaction of other conditions. |
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BASIS OF PRESENTATION (Policies) |
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| Use of Estimates | Use of Estimates The preparation of these condensed consolidated financial statements required the use of certain estimates by management in determining the Company’s assets, liabilities, revenues and expenses. Actual results could differ from those estimates. Specific areas, among others, requiring the application of management’s estimates include determination of the allowance for loan losses, the valuation of investment securities available for sale, fair value of impaired loans, contingent liabilities, fair value of other real estate owned, and the valuation of deferred tax assets. Actual results could differ from those estimates. |
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| Schedule of Earnings Per Share, Basic and Diluted | For each of the three month periods ended June 30, 2017 and 2016, options to purchase 59,000 shares and 127,000 shares, respectively, were antidilutive and accordingly were excluded in determining diluted earnings per share.
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SECURITIES (Tables) |
6 Months Ended | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Jun. 30, 2017 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Investments, Debt and Equity Securities [Abstract] | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Amortized Cost and Fair Value of Securities Available for Sale and Held for Investment | The amortized cost, unrealized gains and losses, and fair value of securities available for sale and held to maturity at June 30, 2017 and December 31, 2016 are summarized as follows:
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| Amortized Cost and Fair Value of Securities by Contractual Maturity | The amortized cost and fair value of securities available for sale and held to maturity at June 30, 2017, by contractual maturity, are shown below. Expected maturities will differ from contractual maturities because prepayments of the underlying collateral for these securities may occur, due to the right to call or repay obligations with or without call or prepayment penalties. Securities not due at a single maturity date are shown separately.
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| Schedule of Unrealized Loss and Fair Value on Investments | The tables below indicate the amount of securities with unrealized losses and the period of time for which these losses were outstanding at June 30, 2017 and December 31, 2016, respectively.
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LOANS (Tables) |
6 Months Ended | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Jun. 30, 2017 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Receivables [Abstract] | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Schedule of Accounts, Notes, Loans and Financing Receivable | Information relating to portfolio loans, purchased credit impaired (“PCI”) loans, and purchased unimpaired loans (“PUL”) as of June 30, 2017 and December 31, 2016 is summarized as follows:
(1) Net loan balances as of June 30, 2017 and December 31, 2016 include deferred costs of $10.6 million for each period presented, respectively. |
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| Contractually Required Principal And Interest Cash Payments Changes | Activity during the three months ended June 30, 2017
Activity during the six months ended June 30, 2017
Activity during the three months ended June 30, 2016
Activity during the six months ended June 30, 2016
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| Past Due Financing Receivables | The following tables present the contractual delinquency of the recorded investment in past due loans by class of loans as of June 30, 2017 and December 31, 2016:
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| Financing Receivable Credit Quality Indicators | The following tables present the risk category of loans by class of loans based on the most recent analysis performed as of June 30, 2017 and December 31, 2016:
* Comprised of a single loan that paid off in July 2017.
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IMPAIRED LOANS AND ALLOWANCE FOR LOAN LOSSES (Tables) |
6 Months Ended | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Jun. 30, 2017 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Financing Receivable, Allowance for Credit Losses [Line Items] | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Troubled Debt Restructurings on Financing Receivables | The following table presents loans that were modified within the six months ending June 30, 2017:
The following table presents loans that were modified within the six months ending June 30, 2016:
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| Impaired Financing Receivables | As of June 30, 2017 and December 31, 2016, the Company’s recorded investment in impaired loans (excluding PCI loans), the unpaid principal balance, and the related valuation allowance were as follows:
For the three months ended June 30, 2017 and 2016, the Company’s average recorded investments in impaired loans (excluding PCI loans) and related interest income were as follows:
For the six months ended June 30, 2017 and 2016, the Company’s average recorded investments in impaired loans (excluding PCI loans) and related interest income were as follows:
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| Allowance for Credit Losses on Financing Receivables | Activity in the allowance for loan losses (excluding PCI loans) for the three month and six month periods ended June 30, 2017 is summarized as follows:
Activity in the allowance for loan losses (excluding PCI loans) for the three month and six month periods ended June 30, 2016 is summarized as follows:
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| Loan Portfolio And Related Allowance | The allowance for loan losses is composed of specific allowances for certain impaired loans and general allowances grouped into loan pools based on similar characteristics. The Company’s loan portfolio (excluding PCI loans) and related allowance at June 30, 2017 and December 31, 2016 is shown in the following tables:
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| PCI Loans [Member] | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Financing Receivable, Allowance for Credit Losses [Line Items] | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Loan Portfolio And Related Allowance | The table below summarizes PCI loans that were individually evaluated for impairment based on expected cash flows at June 30, 2017 and December 31, 2016:
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SECURITIES SOLD UNDER AGREEMENTS TO REPURCHASE (Tables) |
6 Months Ended | |||||||||||||||||||||||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Jun. 30, 2017 | ||||||||||||||||||||||||||||||||||
| Brokers and Dealers [Abstract] | ||||||||||||||||||||||||||||||||||
| Schedule of Securities Financing Transactions | At June 30, 2017 and December 31, 2016, Company securities sold under agreements to repurchase and securities pledged were as follows by collateral type and maturity:
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NONINTEREST INCOME AND EXPENSES (Tables) |
6 Months Ended | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
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Jun. 30, 2017 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Noninterest Income and Expenses [Abstract] | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Summary of Noninterest Income and Expense | Detail of noninterest income and expenses as of the three and six months ended June 30, 2017 and 2016 follows:
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FAIR VALUE (Tables) |
6 Months Ended | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
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Jun. 30, 2017 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Fair Value Disclosures [Abstract] | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Fair Value, Assets Measured on Recurring and Nonrecurring Basis | Under ASC 820, fair value measurements for items measured at fair value on a recurring and nonrecurring basis at June 30, 2017 and December 31, 2016 included:
____________ (1) See Note D for further detail of fair value of individual investment categories. (2) Recurring fair value basis determined using observable market data. (3) See Note F. Nonrecurring fair value adjustments to loans identified as impaired reflect full or partial write-downs that are based on the loan’s observable market price or current appraised value of the collateral in accordance with ASC 310. (4) Fair value is measured on a nonrecurring basis in accordance with ASC 360. |
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| Fair Value Measurements, Recurring and Nonrecurring | The carrying amount and fair value of the Company’s other significant financial instruments that are not measured at fair value on a recurring basis in the balance sheet as of June 30, 2017 and December 31, 2016 is as follows:
(1) See Note D for further detail of fair value of individual investment categories. |
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| Schedule of contractual balance and gains or losses aggregate fair value | Loans held for sale were as follows at June 30, 2017 and December 31, 2016:
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BUSINESS COMBINATIONS (Tables) |
6 Months Ended | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
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| Business Acquisition [Line Items] | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Schedule of summarizing the purchase price calculation | The following table represents the purchase price paid to Floridian shareholders in connection with the acquisition:
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| Schedule of Business Acquisitions, by Acquisition | The acquisition was accounted for under the acquisition method in accordance with ASC Topic 805, Business Combinations. The Company recognized goodwill on this acquisition which is nondeductible for tax purposes as this acquisition was a nontaxable transaction. The goodwill was calculated based on the fair values of the assets acquired and liabilities assumed as of the acquisition date. Loans that were nonaccrual and all loan relationships identified as impaired as of the acquisition date were considered by management to be credit impaired and were accounted for pursuant to ASC Topic 310-30.
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| Fair Value, Assets Measured on Recurring Basis | The table below presents information with respect to the fair value of acquired loans, as well as their unpaid principal balance (“Book Balance”) at acquisition date.
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| Schedule of Contractually required principal and interest payments | Contractually required principal and interest payments have been adjusted for estimated prepayments.
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| BMO Harris Bank [Member] | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Business Acquisition [Line Items] | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Schedule of Business Acquisitions, by Acquisition | The fair values listed are subject to adjustment. The acquisition is accounted for under the acquisition method in accordance with ASC Topic 805, Business Combinations. Determining fair values of assets and liabilities, especially the loan portfolio and bank premises and leases related to the fourteen branches acquired, is a complicated process involving significant judgment regarding methods and assumptions used to calculate estimated fair values.
The table below presents information with respect to the fair value of acquired loans, as well as their unpaid principal balance (“Book Balance”) at acquisition date.
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| Floridian Financial Group Inc [Member] | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Business Acquisition [Line Items] | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Schedule of summarizing the purchase price calculation | The Company acquired 100% of the outstanding common stock of GulfShore. Under the terms of the definitive agreement, GulfShore shareholders received, for each share of GulfShore common stock, the combination of $1.47 in cash and 0.4807 shares of Seacoast common stock (based on Seacoast’s closing price of $23.94 per share on April 7, 2017).
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| Gulf Shore Banc shares Inc [Member] | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Business Acquisition [Line Items] | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Schedule of Business Acquisitions, by Acquisition | The acquisition was accounted for under the acquisition method in accordance with ASC Topic 805, Business Combinations. The Company recognized goodwill on this acquisition which is nondeductible for tax purposes as this acquisition was a nontaxable transaction. The goodwill was calculated based on the fair values of the assets acquired and liabilities assumed as of the acquisition date. The fair values initially assigned to assets acquired and liabilities assumed are preliminary and could change for up to one year after the closing date of the acquisition as new information and circumstances relative to closing date fair values are known. Determining fair values of assets and liabilities, especially the loan portfolio and foreclosed real estate, is a complicated process involving significant judgment regarding methods and assumptions used to calculate estimated fair values.
The table below presents information with respect to the fair value of acquired loans, as well as their unpaid principal balance (“Book Balance”) at acquisition date.
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| Business Acquisition, Pro Forma Information | Pro-forma data for the three months ended June 30, 2016 and six months ended June 30, 2017 and 2016 listed in the table below present pro-forma information as if the acquisition occurred at the beginning of 2016.
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BASIC AND DILUTED EARNINGS PER COMMON SHARE - Additional Information (Details) - shares |
3 Months Ended | |
|---|---|---|
Jun. 30, 2017 |
Jun. 30, 2016 |
|
| Antidilutive Securities Excluded from Computation of Earnings Per Share, Amount | 59,000 | 127,000 |
BASIC AND DILUTED EARNINGS PER COMMON SHARE - Schedule of Earnings Per Share, Basic and Diluted (Details) - USD ($) $ / shares in Units, $ in Thousands |
3 Months Ended | 6 Months Ended | ||
|---|---|---|---|---|
Jun. 30, 2017 |
Jun. 30, 2016 |
Jun. 30, 2017 |
Jun. 30, 2016 |
|
| Basic: | ||||
| Income available to common shareholders | $ 7,676 | $ 5,332 | $ 15,602 | $ 9,298 |
| Average basic shares outstanding | 42,841,152 | 37,470,071 | 40,851,273 | 36,159,473 |
| Basic earnings per share | $ 0.18 | $ 0.14 | $ 0.38 | $ 0.26 |
| Diluted: | ||||
| Income available to common shareholders | $ 7,676 | $ 5,332 | $ 15,602 | $ 9,298 |
| Average basic shares outstanding | 42,841,152 | 37,470,071 | 40,851,273 | 36,159,473 |
| Restricted stock and stock options | 715,133 | 671,479 | 687,496 | 637,786 |
| Average diluted shares outstanding | 43,556,285 | 38,141,550 | 41,538,769 | 36,797,259 |
| Diluted earnings per share | $ 0.18 | $ 0.14 | $ 0.38 | $ 0.25 |
SECURITIES - Additional Information (Details) - USD ($) |
3 Months Ended | 6 Months Ended | 12 Months Ended | ||||
|---|---|---|---|---|---|---|---|
Jun. 30, 2017 |
Mar. 31, 2017 |
Jun. 30, 2016 |
Jun. 30, 2017 |
Jun. 30, 2016 |
Dec. 31, 2014 |
Dec. 31, 2016 |
|
| Schedule of Available-for-sale Securities [Line Items] | |||||||
| Proceeds from Sale of Available-for-sale Securities, Debt | $ 3,820,000 | $ 12,211,000 | |||||
| Available-for-sale Securities, Gross Realized Gains | $ 1,700,000 | $ 47,000 | 21,000 | 147,000 | |||
| Available-for-sale Securities, Gross Realized Losses | 0 | $ 0 | 0 | $ 11,000 | |||
| Federal Home Loan Bank Stock and Federal Reserve Bank Stock | 36,400,000 | 36,400,000 | |||||
| Available-for-sale Securities, Continuous Unrealized Loss Position, Fair Value | 612,363,000 | 612,363,000 | $ 862,873,000 | ||||
| Accumulated unrealized losses | 10,545,000 | 10,545,000 | 18,443,000 | ||||
| Securities Available For Sale Transferred To Held-To-Maturity | 66,900,000 | $ 158,800,000 | |||||
| Available For Sale Securities Transferred To Held To Maturity Securities Unrealized Gain Loss | 3,100,000 | $ 3,100,000 | |||||
| Trading Securities, Unrealized Holding Loss | 1,600,000 | ||||||
| Available-for-sale Securities, Continuous Unrealized Loss Position, Less than Twelve Months, Fair Value | 345,605,000 | 345,605,000 | 664,476,000 | ||||
| Available-for-sale Securities, Continuous Unrealized Loss Position, Less than 12 Months, Accumulated Loss | 5,092,000 | 5,092,000 | 13,451,000 | ||||
| Available-for-sale Securities, Continuous Unrealized Loss Position, Twelve Months or Longer, Fair Value | 266,758,000 | 266,758,000 | 198,397,000 | ||||
| Available-for-sale Securities, Continuous Unrealized Loss Position, 12 Months or Longer, Accumulated Loss | $ 5,453,000 | $ 5,453,000 | $ 4,992,000 | ||||
| Common Stock, Shares, Outstanding | 43,458,973 | 43,458,973 | 38,021,835 | ||||
| Stock Issued During Period, Value, Conversion of Convertible Securities, Net of Adjustments, Total | $ 6,200,000 | ||||||
| Common Class B [Member] | |||||||
| Schedule of Available-for-sale Securities [Line Items] | |||||||
| Common Stock, Shares, Outstanding | 11,330 | 211,330 | 11,330 | ||||
| Stock Issued During Period, Shares, Conversion of Convertible Securities | 200,000 | ||||||
| Common Class A [Member] | |||||||
| Schedule of Available-for-sale Securities [Line Items] | |||||||
| Debt Instrument, Convertible, Conversion Price | $ 1.6483 | ||||||
| Stock Issued During Period, Shares, Conversion of Convertible Securities | 348,335 | ||||||
| Available-for-sale Securities [Member] | |||||||
| Schedule of Available-for-sale Securities [Line Items] | |||||||
| Available-for-sale Securities, Continuous Unrealized Loss Position, Fair Value | $ 1,600,000 | $ 1,600,000 | |||||
| Available-for-sale Securities, Continuous Unrealized Loss Position, Less than Twelve Months, Fair Value | 7,400,000 | 7,400,000 | $ 22,800,000 | ||||
| Available-for-sale Securities, Continuous Unrealized Loss Position, Less than 12 Months, Accumulated Loss | 100,000 | 100,000 | 400,000 | ||||
| Available-for-sale Securities, Continuous Unrealized Loss Position, Twelve Months or Longer, Fair Value | 7,400,000 | 7,400,000 | $ 0 | ||||
| Available-for-sale Securities, Continuous Unrealized Loss Position, 12 Months or Longer, Accumulated Loss | 100,000 | 100,000 | |||||
| Held-to-maturity Securities, Continuous Unrealized Loss Position, Less than Twelve Months, Fair Value | 0 | 0 | |||||
| Carrying Amount [Member] | |||||||
| Schedule of Available-for-sale Securities [Line Items] | |||||||
| Securities pledged as collateral | 183,300,000 | 183,300,000 | |||||
| Carrying Amount [Member] | Repurchase Agreement [Member] | |||||||
| Schedule of Available-for-sale Securities [Line Items] | |||||||
| Securities pledged as collateral | 167,600,000 | 167,600,000 | |||||
| Private Collateralized Securities [Member] | |||||||
| Schedule of Available-for-sale Securities [Line Items] | |||||||
| Available-for-sale Securities, Continuous Unrealized Loss Position, Fair Value | 512,400,000 | 512,400,000 | |||||
| Accumulated unrealized losses | 9,100,000 | 9,100,000 | |||||
| Seasoned Residential Collateral Of Us Government Sponsored Entities [Member] | |||||||
| Schedule of Available-for-sale Securities [Line Items] | |||||||
| Available-for-sale Securities, Continuous Unrealized Loss Position, Fair Value | 33,000,000 | 33,000,000 | |||||
| Accumulated unrealized losses | $ 600,000 | $ 600,000 | |||||
SECURITIES - Amortized Cost and Fair Value of Securities Available for Sale and Held for Investment (Details) - USD ($) $ in Thousands |
Jun. 30, 2017 |
Dec. 31, 2016 |
|---|---|---|
| Amortized cost and fair value of securities available for sale and held for investment | ||
| Gross Amortized Cost, Available for Sale | $ 1,018,297 | $ 960,809 |
| Gross Unrealized Gains, Available for Sale | 6,408 | 3,767 |
| Gross Unrealized Losses, Available for Sale | (7,961) | (14,073) |
| Fair Value, Available for Sale | 1,016,744 | 950,503 |
| Gross Amortized Cost, Held for Investment Securities | 397,096 | 372,498 |
| Gross Unrealized Gains, Held for Investment Securities | 2,845 | 1,753 |
| Gross Unrealized Losses, Held for Investment Securities | (2,584) | (4,370) |
| Fair Value, Held for Investment Securities | 397,357 | 369,881 |
| U.S. Treasury Securities and obligations of U.S. Government Sponsored Entities [Member] | ||
| Amortized cost and fair value of securities available for sale and held for investment | ||
| Gross Amortized Cost, Available for Sale | 10,907 | 12,073 |
| Gross Unrealized Gains, Available for Sale | 300 | 255 |
| Gross Unrealized Losses, Available for Sale | 0 | 0 |
| Fair Value, Available for Sale | 11,207 | 12,328 |
| Mortgage-backed securities of U.S. Government Sponsored Entities [Member] | ||
| Amortized cost and fair value of securities available for sale and held for investment | ||
| Gross Amortized Cost, Available for Sale | 291,482 | 287,726 |
| Gross Unrealized Gains, Available for Sale | 1,250 | 585 |
| Gross Unrealized Losses, Available for Sale | (2,632) | (4,823) |
| Fair Value, Available for Sale | 290,100 | 283,488 |
| Gross Amortized Cost, Held for Investment Securities | 183,877 | 159,941 |
| Gross Unrealized Gains, Held for Investment Securities | 1,413 | 704 |
| Gross Unrealized Losses, Held for Investment Securities | (959) | (1,243) |
| Fair Value, Held for Investment Securities | 184,331 | 159,402 |
| Collateralized Mortgage Obligations Of US Government Sponsored Entities [Member] | ||
| Amortized cost and fair value of securities available for sale and held for investment | ||
| Gross Amortized Cost, Available for Sale | 217,634 | 238,805 |
| Gross Unrealized Gains, Available for Sale | 614 | 314 |
| Gross Unrealized Losses, Available for Sale | (3,951) | (5,065) |
| Fair Value, Available for Sale | 214,297 | 234,054 |
| Gross Amortized Cost, Held for Investment Securities | 135,596 | 147,208 |
| Gross Unrealized Gains, Held for Investment Securities | 461 | 386 |
| Gross Unrealized Losses, Held for Investment Securities | (1,564) | (2,630) |
| Fair Value, Held for Investment Securities | 134,493 | 144,964 |
| Commercial mortgage backed securities of U.S. Government Sponsored Entities [Member] | ||
| Amortized cost and fair value of securities available for sale and held for investment | ||
| Gross Amortized Cost, Available for Sale | 22,304 | 22,351 |
| Gross Unrealized Gains, Available for Sale | 506 | 222 |
| Gross Unrealized Losses, Available for Sale | (9) | (28) |
| Fair Value, Available for Sale | 22,801 | 22,545 |
| Gross Amortized Cost, Held for Investment Securities | 17,420 | 17,375 |
| Gross Unrealized Gains, Held for Investment Securities | 585 | 233 |
| Gross Unrealized Losses, Held for Investment Securities | 0 | (74) |
| Fair Value, Held for Investment Securities | 18,005 | 17,534 |
| Private mortgage backed securities [Member] | ||
| Amortized cost and fair value of securities available for sale and held for investment | ||
| Gross Amortized Cost, Available for Sale | 32,860 | 32,780 |
| Gross Unrealized Gains, Available for Sale | 864 | 0 |
| Gross Unrealized Losses, Available for Sale | (92) | (791) |
| Fair Value, Available for Sale | 33,632 | 31,989 |
| Fair Value, Held for Investment Securities | 0 | |
| Private collateralized mortgage obligations [Member] | ||
| Amortized cost and fair value of securities available for sale and held for investment | ||
| Gross Amortized Cost, Available for Sale | 55,828 | 67,542 |
| Gross Unrealized Gains, Available for Sale | 616 | 563 |
| Gross Unrealized Losses, Available for Sale | (488) | (816) |
| Fair Value, Available for Sale | 55,956 | 67,289 |
| Gross Amortized Cost, Held for Investment Securities | 5,878 | 6,427 |
| Gross Unrealized Gains, Held for Investment Securities | 8 | 0 |
| Gross Unrealized Losses, Held for Investment Securities | (61) | (109) |
| Fair Value, Held for Investment Securities | 5,825 | 6,318 |
| Collateralized loan obligations [Member] | ||
| Amortized cost and fair value of securities available for sale and held for investment | ||
| Gross Amortized Cost, Available for Sale | 222,725 | 124,716 |
| Gross Unrealized Gains, Available for Sale | 455 | 838 |
| Gross Unrealized Losses, Available for Sale | (41) | (665) |
| Fair Value, Available for Sale | 223,139 | 124,889 |
| Gross Amortized Cost, Held for Investment Securities | 54,325 | 41,547 |
| Gross Unrealized Gains, Held for Investment Securities | 378 | 430 |
| Gross Unrealized Losses, Held for Investment Securities | 0 | (314) |
| Fair Value, Held for Investment Securities | 54,703 | 41,663 |
| Obligations of state and political subdivisions [Member] | ||
| Amortized cost and fair value of securities available for sale and held for investment | ||
| Gross Amortized Cost, Available for Sale | 62,847 | 63,161 |
| Gross Unrealized Gains, Available for Sale | 938 | 622 |
| Gross Unrealized Losses, Available for Sale | (385) | (895) |
| Fair Value, Available for Sale | 63,400 | 62,888 |
| Corporate and other debt securities [Member] | ||
| Amortized cost and fair value of securities available for sale and held for investment | ||
| Gross Amortized Cost, Available for Sale | 70,930 | 74,121 |
| Gross Unrealized Gains, Available for Sale | 676 | 257 |
| Gross Unrealized Losses, Available for Sale | (168) | (517) |
| Fair Value, Available for Sale | 71,438 | 73,861 |
| Fair Value, Held for Investment Securities | 0 | |
| Private commercial mortgage backed securities [Member] | ||
| Amortized cost and fair value of securities available for sale and held for investment | ||
| Gross Amortized Cost, Available for Sale | 30,780 | 37,534 |
| Gross Unrealized Gains, Available for Sale | 189 | 111 |
| Gross Unrealized Losses, Available for Sale | (195) | (473) |
| Fair Value, Available for Sale | 30,774 | $ 37,172 |
| Fair Value, Held for Investment Securities | $ 0 |
SECURITIES - Amortized Cost and Fair Value of Securities by Contractual Maturity (Details) - USD ($) $ in Thousands |
Jun. 30, 2017 |
Dec. 31, 2016 |
|---|---|---|
| Schedule of Held-to-maturity Securities [Line Items] | ||
| Held for Investment, Amortized Cost, Total | $ 397,096 | $ 372,498 |
| Held for Investment, Fair Value, Total | 397,357 | 369,881 |
| Available for Sale, Amortized Cost, Total | 1,018,297 | |
| Available for Sale, Fair Value, Total | 1,016,744 | 950,503 |
| Collateralized Loan Obligations [Member] | ||
| Schedule of Held-to-maturity Securities [Line Items] | ||
| Held for Investment, Amortized Cost, Due in less than one year | 0 | |
| Held for Investment, Fair Value, Due in less than one year | 0 | |
| Available for Sale Amortized Cost, Due in less than one year | 10,076 | |
| Available for Sale, Fair Value, Due in less than one year | 10,318 | |
| Held for Investment, Amortized Cost, Due after one year through five years | 3,600 | |
| Held for Investment, Fair Value, Due after one year through five years | 3,600 | |
| Available for Sale, Amortized Cost, Due after one year through five years | 85,126 | |
| Available for Sale, Fair Value, Due after one year through five years | 85,641 | |
| Held for Investment, Amortized Cost, Due after five years through ten years | 50,725 | |
| Held for Investment, Fair Value, Due after five years through ten years | 51,103 | |
| Available for Sale, Amortized Cost, Due after five years through ten years | 233,030 | |
| Available for Sale, Fair Value, Due after five years through ten years | 234,071 | |
| Held for Investment, Amortized Cost, Due after ten years | 0 | |
| Held for Investment, Fair Value, Due after ten years | 0 | |
| Available for Sale, Amortized Cost, Due after ten years | 28,636 | |
| Available for Sale, Fair Value, Due after ten years | 28,605 | |
| Held for Investment, Amortized Cost, Total | 54,325 | |
| Held for Investment, Fair Value, Total | 54,703 | |
| Available for Sale, Amortized Cost, Total | 356,868 | |
| Available for Sale, Fair Value, Total | 358,635 | |
| Mortgage-backed securities of U.S. Government Sponsored Entities [Member] | ||
| Schedule of Held-to-maturity Securities [Line Items] | ||
| Held for Investment, Amortized Cost, Total | 183,877 | |
| Held for Investment, Fair Value, Total | 184,331 | 159,402 |
| Available for Sale, Amortized Cost, Total | 291,482 | |
| Available for Sale, Fair Value, Total | 290,100 | 283,488 |
| Collateralized Mortgage Obligations Of US Government Sponsored Entities [Member] | ||
| Schedule of Held-to-maturity Securities [Line Items] | ||
| Held for Investment, Amortized Cost, Total | 135,596 | |
| Held for Investment, Fair Value, Total | 134,493 | 144,964 |
| Available for Sale, Amortized Cost, Total | 217,634 | |
| Available for Sale, Fair Value, Total | 214,297 | 234,054 |
| Commercial mortgage backed securities of U.S. Government Sponsored Entities [Member] | ||
| Schedule of Held-to-maturity Securities [Line Items] | ||
| Held for Investment, Amortized Cost, Total | 17,420 | |
| Held for Investment, Fair Value, Total | 18,005 | 17,534 |
| Available for Sale, Amortized Cost, Total | 22,304 | |
| Available for Sale, Fair Value, Total | 22,801 | 22,545 |
| Private mortgage backed securities [Member] | ||
| Schedule of Held-to-maturity Securities [Line Items] | ||
| Held for Investment, Amortized Cost, Total | 0 | |
| Held for Investment, Fair Value, Total | 0 | |
| Available for Sale, Amortized Cost, Total | 32,860 | |
| Available for Sale, Fair Value, Total | 33,632 | 31,989 |
| Private collateralized mortgage obligations [Member] | ||
| Schedule of Held-to-maturity Securities [Line Items] | ||
| Held for Investment, Amortized Cost, Total | 5,878 | |
| Held for Investment, Fair Value, Total | 5,825 | 6,318 |
| Available for Sale, Amortized Cost, Total | 55,828 | |
| Available for Sale, Fair Value, Total | 55,956 | 67,289 |
| Other debt securities [Member] | ||
| Schedule of Held-to-maturity Securities [Line Items] | ||
| Held for Investment, Amortized Cost, Total | 0 | |
| Held for Investment, Fair Value, Total | 0 | |
| Available for Sale, Amortized Cost, Total | 10,541 | |
| Available for Sale, Fair Value, Total | 71,438 | 73,861 |
| Private commercial mortgage backed securities [Member] | ||
| Schedule of Held-to-maturity Securities [Line Items] | ||
| Held for Investment, Amortized Cost, Total | 0 | |
| Held for Investment, Fair Value, Total | 0 | |
| Available for Sale, Amortized Cost, Total | 30,780 | |
| Available for Sale, Fair Value, Total | $ 30,774 | $ 37,172 |
SECURITIES - Schedule of Unrealized Loss and Fair Value on Investments (Details) - USD ($) $ in Thousands |
Jun. 30, 2017 |
Dec. 31, 2016 |
|---|---|---|
| Fair Value | ||
| Less than 12 months | $ 345,605 | $ 664,476 |
| 12 months or longer | 266,758 | 198,397 |
| Total | 612,363 | 862,873 |
| Unrealized Losses | ||
| Less than 12 months | (5,092) | (13,451) |
| 12 months or longer | (5,453) | (4,992) |
| Total | (10,545) | (18,443) |
| Collateralized Loan Obligations [Member] | ||
| Fair Value | ||
| Less than 12 months | 9,966 | 8,152 |
| 12 months or longer | 9,973 | 51,694 |
| Total | 19,939 | 59,846 |
| Unrealized Losses | ||
| Less than 12 months | (34) | (41) |
| 12 months or longer | (7) | (938) |
| Total | (41) | (979) |
| Mortgage-backed securities of U.S. Government Sponsored Entities [Member] | ||
| Fair Value | ||
| Less than 12 months | 205,658 | 327,759 |
| 12 months or longer | 48,199 | 5,387 |
| Total | 253,857 | 333,146 |
| Unrealized Losses | ||
| Less than 12 months | (2,975) | (5,991) |
| 12 months or longer | (616) | (75) |
| Total | (3,591) | (6,066) |
| Collateralized Mortgage Obligations Of US Government Sponsored Entities [Member] | ||
| Fair Value | ||
| Less than 12 months | 87,147 | 234,175 |
| 12 months or longer | 168,324 | 58,912 |
| Total | 255,471 | 293,087 |
| Unrealized Losses | ||
| Less than 12 months | (1,438) | (5,599) |
| 12 months or longer | (4,077) | (2,096) |
| Total | (5,515) | (7,695) |
| Commercial mortgage backed securities of U.S. Government Sponsored Entities [Member] | ||
| Fair Value | ||
| Less than 12 months | 3,119 | 7,934 |
| 12 months or longer | 0 | 0 |
| Total | 3,119 | 7,934 |
| Unrealized Losses | ||
| Less than 12 months | (9) | (102) |
| 12 months or longer | 0 | 0 |
| Total | (9) | (102) |
| Private mortgage backed securities [Member] | ||
| Fair Value | ||
| Less than 12 months | 0 | 0 |
| 12 months or longer | 6,864 | 36,848 |
| Total | 6,864 | 36,848 |
| Unrealized Losses | ||
| Less than 12 months | 0 | 0 |
| 12 months or longer | (153) | (900) |
| Total | (153) | (900) |
| Private collateralized mortgage obligations [Member] | ||
| Fair Value | ||
| Less than 12 months | 0 | 1,460 |
| 12 months or longer | 26,129 | 38,417 |
| Total | 26,129 | 39,877 |
| Unrealized Losses | ||
| Less than 12 months | 0 | 0 |
| 12 months or longer | (488) | (816) |
| Total | (488) | (816) |
| Obligations of state and political subdivisions [Member] | ||
| Fair Value | ||
| Less than 12 months | 15,716 | 39,321 |
| 12 months or longer | 2,916 | 0 |
| Total | 18,632 | 39,321 |
| Unrealized Losses | ||
| Less than 12 months | (287) | (895) |
| 12 months or longer | (98) | 0 |
| Total | (385) | (895) |
| Corporate and other debt securities [member] | ||
| Fair Value | ||
| Less than 12 months | 12,873 | 33,008 |
| 12 months or longer | 2,388 | 0 |
| Total | 15,261 | 33,008 |
| Unrealized Losses | ||
| Less than 12 months | (164) | (517) |
| 12 months or longer | (4) | 0 |
| Total | (168) | (517) |
| Private commercial mortgage backed securities [Member] | ||
| Fair Value | ||
| Less than 12 months | 11,126 | 12,667 |
| 12 months or longer | 1,965 | 7,139 |
| Total | 13,091 | 19,806 |
| Unrealized Losses | ||
| Less than 12 months | (185) | (306) |
| 12 months or longer | (10) | (167) |
| Total | $ (195) | $ (473) |
LOANS - Additional Information (Details) - USD ($) $ in Millions |
Jun. 30, 2017 |
Dec. 31, 2016 |
|---|---|---|
| Financing Receivable, Recorded Investment, Past Due [Line Items] | ||
| Deferred Costs, Noncurrent | $ 10.6 | $ 10.6 |
LOANS - Information Relating to Loans (Details) - USD ($) $ in Thousands |
Jun. 30, 2017 |
Dec. 31, 2016 |
|||
|---|---|---|---|---|---|
| Accounts, Notes, Loans and Financing Receivable [Line Items] | |||||
| NET LOAN BALANCES | [1] | $ 3,330,075 | $ 2,879,536 | ||
| Construction and land development [Member] | |||||
| Accounts, Notes, Loans and Financing Receivable [Line Items] | |||||
| NET LOAN BALANCES | 230,574 | 160,116 | |||
| Commercial real estate [Member] | |||||
| Accounts, Notes, Loans and Financing Receivable [Line Items] | |||||
| NET LOAN BALANCES | 1,464,068 | 1,357,592 | |||
| Residential real estate [Member] | |||||
| Accounts, Notes, Loans and Financing Receivable [Line Items] | |||||
| NET LOAN BALANCES | 991,144 | 836,787 | |||
| Other loans [Member] | |||||
| Accounts, Notes, Loans and Financing Receivable [Line Items] | |||||
| NET LOAN BALANCES | 556 | 507 | |||
| Commercial and financial [Member] | |||||
| Accounts, Notes, Loans and Financing Receivable [Line Items] | |||||
| NET LOAN BALANCES | 465,138 | 370,589 | |||
| Consumer [Member] | |||||
| Accounts, Notes, Loans and Financing Receivable [Line Items] | |||||
| NET LOAN BALANCES | 178,595 | 153,945 | |||
| Portfolio Loans [Member] | |||||
| Accounts, Notes, Loans and Financing Receivable [Line Items] | |||||
| NET LOAN BALANCES | [1] | 2,722,866 | 2,425,850 | ||
| Portfolio Loans [Member] | Construction and land development [Member] | |||||
| Accounts, Notes, Loans and Financing Receivable [Line Items] | |||||
| NET LOAN BALANCES | 181,334 | 137,480 | |||
| Portfolio Loans [Member] | Commercial real estate [Member] | |||||
| Accounts, Notes, Loans and Financing Receivable [Line Items] | |||||
| NET LOAN BALANCES | 1,098,634 | 1,041,915 | |||
| Portfolio Loans [Member] | Residential real estate [Member] | |||||
| Accounts, Notes, Loans and Financing Receivable [Line Items] | |||||
| NET LOAN BALANCES | 874,753 | 784,290 | |||
| Portfolio Loans [Member] | Other loans [Member] | |||||
| Accounts, Notes, Loans and Financing Receivable [Line Items] | |||||
| NET LOAN BALANCES | 556 | 507 | |||
| Portfolio Loans [Member] | Commercial and financial [Member] | |||||
| Accounts, Notes, Loans and Financing Receivable [Line Items] | |||||
| NET LOAN BALANCES | 393,213 | 308,731 | |||
| Portfolio Loans [Member] | Consumer [Member] | |||||
| Accounts, Notes, Loans and Financing Receivable [Line Items] | |||||
| NET LOAN BALANCES | 174,376 | 152,927 | |||
| PCI Loans [Member] | |||||
| Accounts, Notes, Loans and Financing Receivable [Line Items] | |||||
| NET LOAN BALANCES | [1] | 13,132 | 12,996 | ||
| PCI Loans [Member] | Construction and land development [Member] | |||||
| Accounts, Notes, Loans and Financing Receivable [Line Items] | |||||
| NET LOAN BALANCES | 113 | 114 | |||
| PCI Loans [Member] | Commercial real estate [Member] | |||||
| Accounts, Notes, Loans and Financing Receivable [Line Items] | |||||
| NET LOAN BALANCES | 11,463 | 11,257 | |||
| PCI Loans [Member] | Residential real estate [Member] | |||||
| Accounts, Notes, Loans and Financing Receivable [Line Items] | |||||
| NET LOAN BALANCES | 702 | 684 | |||
| PCI Loans [Member] | Other loans [Member] | |||||
| Accounts, Notes, Loans and Financing Receivable [Line Items] | |||||
| NET LOAN BALANCES | 0 | 0 | |||
| PCI Loans [Member] | Commercial and financial [Member] | |||||
| Accounts, Notes, Loans and Financing Receivable [Line Items] | |||||
| NET LOAN BALANCES | 854 | 941 | |||
| PCI Loans [Member] | Consumer [Member] | |||||
| Accounts, Notes, Loans and Financing Receivable [Line Items] | |||||
| NET LOAN BALANCES | 0 | 0 | |||
| PULs [Member] | |||||
| Accounts, Notes, Loans and Financing Receivable [Line Items] | |||||
| NET LOAN BALANCES | [1] | 594,077 | 440,690 | ||
| PULs [Member] | Construction and land development [Member] | |||||
| Accounts, Notes, Loans and Financing Receivable [Line Items] | |||||
| NET LOAN BALANCES | 49,127 | 22,522 | |||
| PULs [Member] | Commercial real estate [Member] | |||||
| Accounts, Notes, Loans and Financing Receivable [Line Items] | |||||
| NET LOAN BALANCES | 353,971 | 304,420 | |||
| PULs [Member] | Residential real estate [Member] | |||||
| Accounts, Notes, Loans and Financing Receivable [Line Items] | |||||
| NET LOAN BALANCES | 115,689 | 51,813 | |||
| PULs [Member] | Other loans [Member] | |||||
| Accounts, Notes, Loans and Financing Receivable [Line Items] | |||||
| NET LOAN BALANCES | 0 | 0 | |||
| PULs [Member] | Commercial and financial [Member] | |||||
| Accounts, Notes, Loans and Financing Receivable [Line Items] | |||||
| NET LOAN BALANCES | 71,071 | 60,917 | |||
| PULs [Member] | Consumer [Member] | |||||
| Accounts, Notes, Loans and Financing Receivable [Line Items] | |||||
| NET LOAN BALANCES | $ 4,219 | $ 1,018 | |||
| |||||
LOANS - Summarizes Changes in Total Contractually Required Principal and Interest Cash Payments (Details) - Purchased Credit Impaired Loan [Member] - USD ($) $ in Thousands |
3 Months Ended | 6 Months Ended | ||
|---|---|---|---|---|
Jun. 30, 2017 |
Jun. 30, 2016 |
Jun. 30, 2017 |
Jun. 30, 2016 |
|
| Schedule of Contractually Required Principal And Interest Cash Payments Changes [Line Items] | ||||
| Certain Loans Acquired in Transfer Not Accounted for as Debt Securities, Carrying Amount, Net | $ 12,982 | $ 16,531 | $ 12,996 | $ 12,109 |
| Certain Loans Acquired in Transfer Not Accounted for as Debt Securities, Carrying Amount, Net | 13,132 | 13,652 | 13,132 | 13,652 |
| Accretable yield [Member] | ||||
| Schedule of Contractually Required Principal And Interest Cash Payments Changes [Line Items] | ||||
| Certain Loans Acquired in Transfer Not Accounted for as Debt Securities, Carrying Amount, Net | 3,510 | 3,143 | 3,807 | 2,610 |
| Additions | 0 | 1,215 | 0 | 1,831 |
| Deletions | (10) | 1,086 | (10) | 1,271 |
| Accretion | (451) | (770) | (816) | (1,038) |
| Reclassifications from nonaccretable difference | 216 | 0 | 284 | 0 |
| Certain Loans Acquired in Transfer Not Accounted for as Debt Securities, Carrying Amount, Net | 3,265 | 4,674 | 3,265 | 4,674 |
| Recorded investment of acquired loans [Member] | ||||
| Schedule of Contractually Required Principal And Interest Cash Payments Changes [Line Items] | ||||
| Certain Loans Acquired in Transfer Not Accounted for as Debt Securities, Carrying Amount, Net | 12,982 | 16,531 | 12,996 | 12,109 |
| Certain Loans Acquired in Transfer Not Accounted for as Debt Securities, Carrying Amount, Net | 13,132 | 13,652 | 13,132 | 13,652 |
| Allowance for loan losses [Member] | ||||
| Schedule of Contractually Required Principal And Interest Cash Payments Changes [Line Items] | ||||
| Certain Loans Acquired in Transfer Not Accounted for as Debt Securities, Carrying Amount, Net | 0 | 0 | 0 | 0 |
| Certain Loans Acquired in Transfer Not Accounted for as Debt Securities, Carrying Amount, Net | $ 0 | $ 0 | $ 0 | $ 0 |
LOANS - Contractual Aging of Recorded Investment in Past Due Loans (Details) - USD ($) $ in Thousands |
Jun. 30, 2017 |
Dec. 31, 2016 |
|---|---|---|
| Financing Receivable, Recorded Investment, Past Due [Line Items] | ||
| Nonaccrual | $ 16,979 | $ 18,071 |
| Current | 3,311,120 | 2,857,695 |
| Total Financing Receivables | 3,330,075 | 2,879,536 |
| Accruing 30-59 Days Past Due | ||
| Financing Receivable, Recorded Investment, Past Due [Line Items] | ||
| Financing Receivable, Recorded Investment, Past Due | 1,703 | 2,281 |
| Accruing 60-89 Days Past Due | ||
| Financing Receivable, Recorded Investment, Past Due [Line Items] | ||
| Financing Receivable, Recorded Investment, Past Due | 79 | 1,489 |
| Accruing Greater Than 90 Days | ||
| Financing Receivable, Recorded Investment, Past Due [Line Items] | ||
| Financing Receivable, Recorded Investment, Past Due | 194 | 0 |
| Portfolio Loans [Member] | ||
| Financing Receivable, Recorded Investment, Past Due [Line Items] | ||
| Nonaccrual | 10,541 | 11,023 |
| Current | 2,711,683 | 2,412,629 |
| Total Financing Receivables | 2,722,866 | 2,425,850 |
| Portfolio Loans [Member] | Accruing 30-59 Days Past Due | ||
| Financing Receivable, Recorded Investment, Past Due [Line Items] | ||
| Financing Receivable, Recorded Investment, Past Due | 563 | 1,707 |
| Portfolio Loans [Member] | Accruing 60-89 Days Past Due | ||
| Financing Receivable, Recorded Investment, Past Due [Line Items] | ||
| Financing Receivable, Recorded Investment, Past Due | 79 | 491 |
| Portfolio Loans [Member] | Accruing Greater Than 90 Days | ||
| Financing Receivable, Recorded Investment, Past Due [Line Items] | ||
| Financing Receivable, Recorded Investment, Past Due | 0 | 0 |
| Purchased Unimpaired Loans [Member] | ||
| Financing Receivable, Recorded Investment, Past Due [Line Items] | ||
| Nonaccrual | 2,677 | 2,763 |
| Current | 590,255 | 436,540 |
| Total Financing Receivables | 594,077 | 440,690 |
| Purchased Unimpaired Loans [Member] | Accruing 30-59 Days Past Due | ||
| Financing Receivable, Recorded Investment, Past Due [Line Items] | ||
| Financing Receivable, Recorded Investment, Past Due | 951 | 574 |
| Purchased Unimpaired Loans [Member] | Accruing 60-89 Days Past Due | ||
| Financing Receivable, Recorded Investment, Past Due [Line Items] | ||
| Financing Receivable, Recorded Investment, Past Due | 0 | 813 |
| Purchased Unimpaired Loans [Member] | Accruing Greater Than 90 Days | ||
| Financing Receivable, Recorded Investment, Past Due [Line Items] | ||
| Financing Receivable, Recorded Investment, Past Due | 194 | 0 |
| Purchased Credit Impaired Loans [Member] | ||
| Financing Receivable, Recorded Investment, Past Due [Line Items] | ||
| Nonaccrual | 3,761 | 4,285 |
| Current | 9,182 | 8,526 |
| Total Financing Receivables | 13,132 | 12,996 |
| Purchased Credit Impaired Loans [Member] | Accruing 30-59 Days Past Due | ||
| Financing Receivable, Recorded Investment, Past Due [Line Items] | ||
| Financing Receivable, Recorded Investment, Past Due | 189 | 0 |
| Purchased Credit Impaired Loans [Member] | Accruing 60-89 Days Past Due | ||
| Financing Receivable, Recorded Investment, Past Due [Line Items] | ||
| Financing Receivable, Recorded Investment, Past Due | 0 | 185 |
| Purchased Credit Impaired Loans [Member] | Accruing Greater Than 90 Days | ||
| Financing Receivable, Recorded Investment, Past Due [Line Items] | ||
| Financing Receivable, Recorded Investment, Past Due | 0 | 0 |
| Commercial and financial [Member] | Portfolio Loans [Member] | ||
| Financing Receivable, Recorded Investment, Past Due [Line Items] | ||
| Nonaccrual | 0 | 49 |
| Current | 393,088 | 308,652 |
| Total Financing Receivables | 393,213 | 308,731 |
| Commercial and financial [Member] | Portfolio Loans [Member] | Accruing 30-59 Days Past Due | ||
| Financing Receivable, Recorded Investment, Past Due [Line Items] | ||
| Financing Receivable, Recorded Investment, Past Due | 125 | 30 |
| Commercial and financial [Member] | Portfolio Loans [Member] | Accruing 60-89 Days Past Due | ||
| Financing Receivable, Recorded Investment, Past Due [Line Items] | ||
| Financing Receivable, Recorded Investment, Past Due | 0 | 0 |
| Commercial and financial [Member] | Portfolio Loans [Member] | Accruing Greater Than 90 Days | ||
| Financing Receivable, Recorded Investment, Past Due [Line Items] | ||
| Financing Receivable, Recorded Investment, Past Due | 0 | 0 |
| Commercial and financial [Member] | Purchased Unimpaired Loans [Member] | ||
| Financing Receivable, Recorded Investment, Past Due [Line Items] | ||
| Nonaccrual | 347 | 197 |
| Current | 70,210 | 60,353 |
| Total Financing Receivables | 71,071 | 60,917 |
| Commercial and financial [Member] | Purchased Unimpaired Loans [Member] | Accruing 30-59 Days Past Due | ||
| Financing Receivable, Recorded Investment, Past Due [Line Items] | ||
| Financing Receivable, Recorded Investment, Past Due | 514 | 39 |
| Commercial and financial [Member] | Purchased Unimpaired Loans [Member] | Accruing 60-89 Days Past Due | ||
| Financing Receivable, Recorded Investment, Past Due [Line Items] | ||
| Financing Receivable, Recorded Investment, Past Due | 0 | 328 |
| Commercial and financial [Member] | Purchased Unimpaired Loans [Member] | Accruing Greater Than 90 Days | ||
| Financing Receivable, Recorded Investment, Past Due [Line Items] | ||
| Financing Receivable, Recorded Investment, Past Due | 0 | 0 |
| Commercial and financial [Member] | Purchased Credit Impaired Loans [Member] | ||
| Financing Receivable, Recorded Investment, Past Due [Line Items] | ||
| Nonaccrual | 0 | 0 |
| Current | 854 | 941 |
| Total Financing Receivables | 854 | 941 |
| Commercial and financial [Member] | Purchased Credit Impaired Loans [Member] | Accruing 30-59 Days Past Due | ||
| Financing Receivable, Recorded Investment, Past Due [Line Items] | ||
| Financing Receivable, Recorded Investment, Past Due | 0 | 0 |
| Commercial and financial [Member] | Purchased Credit Impaired Loans [Member] | Accruing 60-89 Days Past Due | ||
| Financing Receivable, Recorded Investment, Past Due [Line Items] | ||
| Financing Receivable, Recorded Investment, Past Due | 0 | 0 |
| Commercial and financial [Member] | Purchased Credit Impaired Loans [Member] | Accruing Greater Than 90 Days | ||
| Financing Receivable, Recorded Investment, Past Due [Line Items] | ||
| Financing Receivable, Recorded Investment, Past Due | 0 | 0 |
| Consumer [Member] | Portfolio Loans [Member] | ||
| Financing Receivable, Recorded Investment, Past Due [Line Items] | ||
| Nonaccrual | 133 | 170 |
| Current | 174,132 | 152,669 |
| Total Financing Receivables | 174,376 | 152,927 |
| Consumer [Member] | Portfolio Loans [Member] | Accruing 30-59 Days Past Due | ||
| Financing Receivable, Recorded Investment, Past Due [Line Items] | ||
| Financing Receivable, Recorded Investment, Past Due | 97 | 29 |
| Consumer [Member] | Portfolio Loans [Member] | Accruing 60-89 Days Past Due | ||
| Financing Receivable, Recorded Investment, Past Due [Line Items] | ||
| Financing Receivable, Recorded Investment, Past Due | 14 | 59 |
| Consumer [Member] | Portfolio Loans [Member] | Accruing Greater Than 90 Days | ||
| Financing Receivable, Recorded Investment, Past Due [Line Items] | ||
| Financing Receivable, Recorded Investment, Past Due | 0 | 0 |
| Consumer [Member] | Purchased Unimpaired Loans [Member] | ||
| Financing Receivable, Recorded Investment, Past Due [Line Items] | ||
| Nonaccrual | 0 | 0 |
| Current | 4,219 | 981 |
| Total Financing Receivables | 4,219 | 1,018 |
| Consumer [Member] | Purchased Unimpaired Loans [Member] | Accruing 30-59 Days Past Due | ||
| Financing Receivable, Recorded Investment, Past Due [Line Items] | ||
| Financing Receivable, Recorded Investment, Past Due | 0 | 37 |
| Consumer [Member] | Purchased Unimpaired Loans [Member] | Accruing 60-89 Days Past Due | ||
| Financing Receivable, Recorded Investment, Past Due [Line Items] | ||
| Financing Receivable, Recorded Investment, Past Due | 0 | 0 |
| Consumer [Member] | Purchased Unimpaired Loans [Member] | Accruing Greater Than 90 Days | ||
| Financing Receivable, Recorded Investment, Past Due [Line Items] | ||
| Financing Receivable, Recorded Investment, Past Due | 0 | 0 |
| Consumer [Member] | Purchased Credit Impaired Loans [Member] | ||
| Financing Receivable, Recorded Investment, Past Due [Line Items] | ||
| Nonaccrual | 0 | 0 |
| Current | 0 | 0 |
| Total Financing Receivables | 0 | 0 |
| Consumer [Member] | Purchased Credit Impaired Loans [Member] | Accruing 30-59 Days Past Due | ||
| Financing Receivable, Recorded Investment, Past Due [Line Items] | ||
| Financing Receivable, Recorded Investment, Past Due | 0 | 0 |
| Consumer [Member] | Purchased Credit Impaired Loans [Member] | Accruing 60-89 Days Past Due | ||
| Financing Receivable, Recorded Investment, Past Due [Line Items] | ||
| Financing Receivable, Recorded Investment, Past Due | 0 | 0 |
| Consumer [Member] | Purchased Credit Impaired Loans [Member] | Accruing Greater Than 90 Days | ||
| Financing Receivable, Recorded Investment, Past Due [Line Items] | ||
| Financing Receivable, Recorded Investment, Past Due | 0 | 0 |
| Commercial real estate [Member] | Portfolio Loans [Member] | ||
| Financing Receivable, Recorded Investment, Past Due [Line Items] | ||
| Nonaccrual | 1,209 | 1,784 |
| Current | 1,097,425 | 1,039,882 |
| Total Financing Receivables | 1,098,634 | 1,041,915 |
| Commercial real estate [Member] | Portfolio Loans [Member] | Accruing 30-59 Days Past Due | ||
| Financing Receivable, Recorded Investment, Past Due [Line Items] | ||
| Financing Receivable, Recorded Investment, Past Due | 0 | 78 |
| Commercial real estate [Member] | Portfolio Loans [Member] | Accruing 60-89 Days Past Due | ||
| Financing Receivable, Recorded Investment, Past Due [Line Items] | ||
| Financing Receivable, Recorded Investment, Past Due | 0 | 171 |
| Commercial real estate [Member] | Portfolio Loans [Member] | Accruing Greater Than 90 Days | ||
| Financing Receivable, Recorded Investment, Past Due [Line Items] | ||
| Financing Receivable, Recorded Investment, Past Due | 0 | 0 |
| Commercial real estate [Member] | Purchased Unimpaired Loans [Member] | ||
| Financing Receivable, Recorded Investment, Past Due [Line Items] | ||
| Nonaccrual | 743 | 1,272 |
| Current | 352,791 | 302,318 |
| Total Financing Receivables | 353,971 | 304,420 |
| Commercial real estate [Member] | Purchased Unimpaired Loans [Member] | Accruing 30-59 Days Past Due | ||
| Financing Receivable, Recorded Investment, Past Due [Line Items] | ||
| Financing Receivable, Recorded Investment, Past Due | 437 | 345 |
| Commercial real estate [Member] | Purchased Unimpaired Loans [Member] | Accruing 60-89 Days Past Due | ||
| Financing Receivable, Recorded Investment, Past Due [Line Items] | ||
| Financing Receivable, Recorded Investment, Past Due | 0 | 485 |
| Commercial real estate [Member] | Purchased Unimpaired Loans [Member] | Accruing Greater Than 90 Days | ||
| Financing Receivable, Recorded Investment, Past Due [Line Items] | ||
| Financing Receivable, Recorded Investment, Past Due | 0 | 0 |
| Commercial real estate [Member] | Purchased Credit Impaired Loans [Member] | ||
| Financing Receivable, Recorded Investment, Past Due [Line Items] | ||
| Nonaccrual | 3,761 | 4,285 |
| Current | 7,702 | 6,972 |
| Total Financing Receivables | 11,463 | 11,257 |
| Commercial real estate [Member] | Purchased Credit Impaired Loans [Member] | Accruing 30-59 Days Past Due | ||
| Financing Receivable, Recorded Investment, Past Due [Line Items] | ||
| Financing Receivable, Recorded Investment, Past Due | 0 | 0 |
| Commercial real estate [Member] | Purchased Credit Impaired Loans [Member] | Accruing 60-89 Days Past Due | ||
| Financing Receivable, Recorded Investment, Past Due [Line Items] | ||
| Financing Receivable, Recorded Investment, Past Due | 0 | 0 |
| Commercial real estate [Member] | Purchased Credit Impaired Loans [Member] | Accruing Greater Than 90 Days | ||
| Financing Receivable, Recorded Investment, Past Due [Line Items] | ||
| Financing Receivable, Recorded Investment, Past Due | 0 | 0 |
| Construction and land development [Member] | Portfolio Loans [Member] | ||
| Financing Receivable, Recorded Investment, Past Due [Line Items] | ||
| Nonaccrual | 544 | 438 |
| Current | 180,517 | 137,042 |
| Total Financing Receivables | 181,334 | 137,480 |
| Construction and land development [Member] | Portfolio Loans [Member] | Accruing 30-59 Days Past Due | ||
| Financing Receivable, Recorded Investment, Past Due [Line Items] | ||
| Financing Receivable, Recorded Investment, Past Due | 273 | 0 |
| Construction and land development [Member] | Portfolio Loans [Member] | Accruing 60-89 Days Past Due | ||
| Financing Receivable, Recorded Investment, Past Due [Line Items] | ||
| Financing Receivable, Recorded Investment, Past Due | 0 | 0 |
| Construction and land development [Member] | Portfolio Loans [Member] | Accruing Greater Than 90 Days | ||
| Financing Receivable, Recorded Investment, Past Due [Line Items] | ||
| Financing Receivable, Recorded Investment, Past Due | 0 | 0 |
| Construction and land development [Member] | Purchased Unimpaired Loans [Member] | ||
| Financing Receivable, Recorded Investment, Past Due [Line Items] | ||
| Nonaccrual | 125 | 32 |
| Current | 49,002 | 22,490 |
| Total Financing Receivables | 49,127 | 22,522 |
| Construction and land development [Member] | Purchased Unimpaired Loans [Member] | Accruing 30-59 Days Past Due | ||
| Financing Receivable, Recorded Investment, Past Due [Line Items] | ||
| Financing Receivable, Recorded Investment, Past Due | 0 | 0 |
| Construction and land development [Member] | Purchased Unimpaired Loans [Member] | Accruing 60-89 Days Past Due | ||
| Financing Receivable, Recorded Investment, Past Due [Line Items] | ||
| Financing Receivable, Recorded Investment, Past Due | 0 | 0 |
| Construction and land development [Member] | Purchased Unimpaired Loans [Member] | Accruing Greater Than 90 Days | ||
| Financing Receivable, Recorded Investment, Past Due [Line Items] | ||
| Financing Receivable, Recorded Investment, Past Due | 0 | 0 |
| Construction and land development [Member] | Purchased Credit Impaired Loans [Member] | ||
| Financing Receivable, Recorded Investment, Past Due [Line Items] | ||
| Nonaccrual | 0 | 0 |
| Current | 113 | 114 |
| Total Financing Receivables | 113 | 114 |
| Construction and land development [Member] | Purchased Credit Impaired Loans [Member] | Accruing 30-59 Days Past Due | ||
| Financing Receivable, Recorded Investment, Past Due [Line Items] | ||
| Financing Receivable, Recorded Investment, Past Due | 0 | 0 |
| Construction and land development [Member] | Purchased Credit Impaired Loans [Member] | Accruing 60-89 Days Past Due | ||
| Financing Receivable, Recorded Investment, Past Due [Line Items] | ||
| Financing Receivable, Recorded Investment, Past Due | 0 | 0 |
| Construction and land development [Member] | Purchased Credit Impaired Loans [Member] | Accruing Greater Than 90 Days | ||
| Financing Receivable, Recorded Investment, Past Due [Line Items] | ||
| Financing Receivable, Recorded Investment, Past Due | 0 | 0 |
| Residential real estate [Member] | ||
| Financing Receivable, Recorded Investment, Past Due [Line Items] | ||
| Total Financing Receivables | 991,144 | 836,787 |
| Residential real estate [Member] | Portfolio Loans [Member] | ||
| Financing Receivable, Recorded Investment, Past Due [Line Items] | ||
| Nonaccrual | 8,655 | 8,582 |
| Current | 865,965 | 773,877 |
| Total Financing Receivables | 874,753 | 784,290 |
| Residential real estate [Member] | Portfolio Loans [Member] | Accruing 30-59 Days Past Due | ||
| Financing Receivable, Recorded Investment, Past Due [Line Items] | ||
| Financing Receivable, Recorded Investment, Past Due | 68 | 1,570 |
| Residential real estate [Member] | Portfolio Loans [Member] | Accruing 60-89 Days Past Due | ||
| Financing Receivable, Recorded Investment, Past Due [Line Items] | ||
| Financing Receivable, Recorded Investment, Past Due | 65 | 261 |
| Residential real estate [Member] | Portfolio Loans [Member] | Accruing Greater Than 90 Days | ||
| Financing Receivable, Recorded Investment, Past Due [Line Items] | ||
| Financing Receivable, Recorded Investment, Past Due | 0 | 0 |
| Residential real estate [Member] | Purchased Unimpaired Loans [Member] | ||
| Financing Receivable, Recorded Investment, Past Due [Line Items] | ||
| Nonaccrual | 1,462 | 1,262 |
| Current | 114,033 | 50,398 |
| Total Financing Receivables | 115,689 | 51,813 |
| Residential real estate [Member] | Purchased Unimpaired Loans [Member] | Accruing 30-59 Days Past Due | ||
| Financing Receivable, Recorded Investment, Past Due [Line Items] | ||
| Financing Receivable, Recorded Investment, Past Due | 0 | 153 |
| Residential real estate [Member] | Purchased Unimpaired Loans [Member] | Accruing 60-89 Days Past Due | ||
| Financing Receivable, Recorded Investment, Past Due [Line Items] | ||
| Financing Receivable, Recorded Investment, Past Due | 0 | 0 |
| Residential real estate [Member] | Purchased Unimpaired Loans [Member] | Accruing Greater Than 90 Days | ||
| Financing Receivable, Recorded Investment, Past Due [Line Items] | ||
| Financing Receivable, Recorded Investment, Past Due | 194 | 0 |
| Residential real estate [Member] | Purchased Credit Impaired Loans [Member] | ||
| Financing Receivable, Recorded Investment, Past Due [Line Items] | ||
| Nonaccrual | 0 | 0 |
| Current | 513 | 499 |
| Total Financing Receivables | 702 | 684 |
| Residential real estate [Member] | Purchased Credit Impaired Loans [Member] | Accruing 30-59 Days Past Due | ||
| Financing Receivable, Recorded Investment, Past Due [Line Items] | ||
| Financing Receivable, Recorded Investment, Past Due | 189 | 0 |
| Residential real estate [Member] | Purchased Credit Impaired Loans [Member] | Accruing 60-89 Days Past Due | ||
| Financing Receivable, Recorded Investment, Past Due [Line Items] | ||
| Financing Receivable, Recorded Investment, Past Due | 0 | 185 |
| Residential real estate [Member] | Purchased Credit Impaired Loans [Member] | Accruing Greater Than 90 Days | ||
| Financing Receivable, Recorded Investment, Past Due [Line Items] | ||
| Financing Receivable, Recorded Investment, Past Due | 0 | 0 |
| Other [Member] | Portfolio Loans [Member] | ||
| Financing Receivable, Recorded Investment, Past Due [Line Items] | ||
| Nonaccrual | 0 | 0 |
| Current | 556 | 507 |
| Total Financing Receivables | 556 | 507 |
| Other [Member] | Portfolio Loans [Member] | Accruing 30-59 Days Past Due | ||
| Financing Receivable, Recorded Investment, Past Due [Line Items] | ||
| Financing Receivable, Recorded Investment, Past Due | 0 | 0 |
| Other [Member] | Portfolio Loans [Member] | Accruing 60-89 Days Past Due | ||
| Financing Receivable, Recorded Investment, Past Due [Line Items] | ||
| Financing Receivable, Recorded Investment, Past Due | 0 | 0 |
| Other [Member] | Portfolio Loans [Member] | Accruing Greater Than 90 Days | ||
| Financing Receivable, Recorded Investment, Past Due [Line Items] | ||
| Financing Receivable, Recorded Investment, Past Due | 0 | 0 |
| Other [Member] | Purchased Unimpaired Loans [Member] | ||
| Financing Receivable, Recorded Investment, Past Due [Line Items] | ||
| Nonaccrual | 0 | 0 |
| Current | 0 | 0 |
| Total Financing Receivables | 0 | 0 |
| Other [Member] | Purchased Unimpaired Loans [Member] | Accruing 30-59 Days Past Due | ||
| Financing Receivable, Recorded Investment, Past Due [Line Items] | ||
| Financing Receivable, Recorded Investment, Past Due | 0 | 0 |
| Other [Member] | Purchased Unimpaired Loans [Member] | Accruing 60-89 Days Past Due | ||
| Financing Receivable, Recorded Investment, Past Due [Line Items] | ||
| Financing Receivable, Recorded Investment, Past Due | 0 | 0 |
| Other [Member] | Purchased Unimpaired Loans [Member] | Accruing Greater Than 90 Days | ||
| Financing Receivable, Recorded Investment, Past Due [Line Items] | ||
| Financing Receivable, Recorded Investment, Past Due | 0 | 0 |
| Other [Member] | Purchased Credit Impaired Loans [Member] | ||
| Financing Receivable, Recorded Investment, Past Due [Line Items] | ||
| Nonaccrual | 0 | 0 |
| Current | 0 | 0 |
| Total Financing Receivables | 0 | 0 |
| Other [Member] | Purchased Credit Impaired Loans [Member] | Accruing 30-59 Days Past Due | ||
| Financing Receivable, Recorded Investment, Past Due [Line Items] | ||
| Financing Receivable, Recorded Investment, Past Due | 0 | 0 |
| Other [Member] | Purchased Credit Impaired Loans [Member] | Accruing 60-89 Days Past Due | ||
| Financing Receivable, Recorded Investment, Past Due [Line Items] | ||
| Financing Receivable, Recorded Investment, Past Due | 0 | 0 |
| Other [Member] | Purchased Credit Impaired Loans [Member] | Accruing Greater Than 90 Days | ||
| Financing Receivable, Recorded Investment, Past Due [Line Items] | ||
| Financing Receivable, Recorded Investment, Past Due | $ 0 | $ 0 |
LOANS - Risk Category, Class of Loans and Recorded Investment (Details) - USD ($) $ in Thousands |
Jun. 30, 2017 |
Dec. 31, 2016 |
|||
|---|---|---|---|---|---|
| Financing Receivable, Recorded Investment [Line Items] | |||||
| Loans | $ 3,330,075 | $ 2,879,536 | |||
| Construction & Land Development [Member] | |||||
| Financing Receivable, Recorded Investment [Line Items] | |||||
| Loans | 230,574 | 160,116 | |||
| Commercial Real Estate [Member] | |||||
| Financing Receivable, Recorded Investment [Line Items] | |||||
| Loans | 1,464,068 | 1,357,592 | |||
| Residential Real Estate [Member] | |||||
| Financing Receivable, Recorded Investment [Line Items] | |||||
| Loans | 991,144 | 836,787 | |||
| Commercial and Financial [Member] | |||||
| Financing Receivable, Recorded Investment [Line Items] | |||||
| Loans | 465,138 | 370,589 | |||
| Consumer [Member] | |||||
| Financing Receivable, Recorded Investment [Line Items] | |||||
| Loans | 179,151 | 154,452 | |||
| Pass [Member] | |||||
| Financing Receivable, Recorded Investment [Line Items] | |||||
| Loans | 3,240,615 | 2,797,806 | |||
| Pass [Member] | Construction & Land Development [Member] | |||||
| Financing Receivable, Recorded Investment [Line Items] | |||||
| Loans | 216,965 | 148,563 | |||
| Pass [Member] | Commercial Real Estate [Member] | |||||
| Financing Receivable, Recorded Investment [Line Items] | |||||
| Loans | 1,426,634 | 1,319,696 | |||
| Pass [Member] | Residential Real Estate [Member] | |||||
| Financing Receivable, Recorded Investment [Line Items] | |||||
| Loans | 965,708 | 811,576 | |||
| Pass [Member] | Commercial and Financial [Member] | |||||
| Financing Receivable, Recorded Investment [Line Items] | |||||
| Loans | 453,838 | 364,241 | |||
| Pass [Member] | Consumer [Member] | |||||
| Financing Receivable, Recorded Investment [Line Items] | |||||
| Loans | 177,470 | 153,730 | |||
| Special mention [Member] | |||||
| Financing Receivable, Recorded Investment [Line Items] | |||||
| Loans | 30,062 | 28,017 | |||
| Special mention [Member] | Construction & Land Development [Member] | |||||
| Financing Receivable, Recorded Investment [Line Items] | |||||
| Loans | 8,048 | 5,037 | |||
| Special mention [Member] | Commercial Real Estate [Member] | |||||
| Financing Receivable, Recorded Investment [Line Items] | |||||
| Loans | 12,562 | 17,184 | |||
| Special mention [Member] | Residential Real Estate [Member] | |||||
| Financing Receivable, Recorded Investment [Line Items] | |||||
| Loans | 1,705 | 1,780 | |||
| Special mention [Member] | Commercial and Financial [Member] | |||||
| Financing Receivable, Recorded Investment [Line Items] | |||||
| Loans | 6,715 | 3,949 | |||
| Special mention [Member] | Consumer [Member] | |||||
| Financing Receivable, Recorded Investment [Line Items] | |||||
| Loans | 1,032 | 67 | |||
| Substandard [Member] | |||||
| Financing Receivable, Recorded Investment [Line Items] | |||||
| Loans | 25,418 | 17,931 | |||
| Substandard [Member] | Construction & Land Development [Member] | |||||
| Financing Receivable, Recorded Investment [Line Items] | |||||
| Loans | 4,631 | 5,497 | |||
| Substandard [Member] | Commercial Real Estate [Member] | |||||
| Financing Receivable, Recorded Investment [Line Items] | |||||
| Loans | 13,364 | 7,438 | |||
| Substandard [Member] | Residential Real Estate [Member] | |||||
| Financing Receivable, Recorded Investment [Line Items] | |||||
| Loans | 3,274 | 2,709 | |||
| Substandard [Member] | Commercial and Financial [Member] | |||||
| Financing Receivable, Recorded Investment [Line Items] | |||||
| Loans | 3,981 | 2,153 | |||
| Substandard [Member] | Consumer [Member] | |||||
| Financing Receivable, Recorded Investment [Line Items] | |||||
| Loans | 168 | 134 | |||
| Doubtful [Member] | |||||
| Financing Receivable, Recorded Investment [Line Items] | |||||
| Loans | 60 | [1] | 0 | ||
| Doubtful [Member] | Construction & Land Development [Member] | |||||
| Financing Receivable, Recorded Investment [Line Items] | |||||
| Loans | 0 | [1] | 0 | ||
| Doubtful [Member] | Commercial Real Estate [Member] | |||||
| Financing Receivable, Recorded Investment [Line Items] | |||||
| Loans | 0 | [1] | 0 | ||
| Doubtful [Member] | Residential Real Estate [Member] | |||||
| Financing Receivable, Recorded Investment [Line Items] | |||||
| Loans | 0 | [1] | 0 | ||
| Doubtful [Member] | Commercial and Financial [Member] | |||||
| Financing Receivable, Recorded Investment [Line Items] | |||||
| Loans | 60 | [1] | 0 | ||
| Doubtful [Member] | Consumer [Member] | |||||
| Financing Receivable, Recorded Investment [Line Items] | |||||
| Loans | 0 | [1] | 0 | ||
| Nonaccrual [Member] | |||||
| Financing Receivable, Recorded Investment [Line Items] | |||||
| Loans | 16,979 | 18,071 | |||
| Nonaccrual [Member] | Construction & Land Development [Member] | |||||
| Financing Receivable, Recorded Investment [Line Items] | |||||
| Loans | 669 | 470 | |||
| Nonaccrual [Member] | Commercial Real Estate [Member] | |||||
| Financing Receivable, Recorded Investment [Line Items] | |||||
| Loans | 5,713 | 7,341 | |||
| Nonaccrual [Member] | Residential Real Estate [Member] | |||||
| Financing Receivable, Recorded Investment [Line Items] | |||||
| Loans | 10,117 | 9,844 | |||
| Nonaccrual [Member] | Commercial and Financial [Member] | |||||
| Financing Receivable, Recorded Investment [Line Items] | |||||
| Loans | 347 | 246 | |||
| Nonaccrual [Member] | Consumer [Member] | |||||
| Financing Receivable, Recorded Investment [Line Items] | |||||
| Loans | 133 | 170 | |||
| Pass-Troubled debt restructures [Member] | |||||
| Financing Receivable, Recorded Investment [Line Items] | |||||
| Loans | 4,946 | 5,434 | |||
| Pass-Troubled debt restructures [Member] | Construction & Land Development [Member] | |||||
| Financing Receivable, Recorded Investment [Line Items] | |||||
| Loans | 37 | 44 | |||
| Pass-Troubled debt restructures [Member] | Commercial Real Estate [Member] | |||||
| Financing Receivable, Recorded Investment [Line Items] | |||||
| Loans | 4,909 | 4,988 | |||
| Pass-Troubled debt restructures [Member] | Residential Real Estate [Member] | |||||
| Financing Receivable, Recorded Investment [Line Items] | |||||
| Loans | 0 | 358 | |||
| Pass-Troubled debt restructures [Member] | Commercial and Financial [Member] | |||||
| Financing Receivable, Recorded Investment [Line Items] | |||||
| Loans | 0 | 0 | |||
| Pass-Troubled debt restructures [Member] | Consumer [Member] | |||||
| Financing Receivable, Recorded Investment [Line Items] | |||||
| Loans | 0 | 44 | |||
| Troubled debt restructures [Member] | |||||
| Financing Receivable, Recorded Investment [Line Items] | |||||
| Loans | 11,995 | 12,277 | |||
| Troubled debt restructures [Member] | Construction & Land Development [Member] | |||||
| Financing Receivable, Recorded Investment [Line Items] | |||||
| Loans | 224 | 505 | |||
| Troubled debt restructures [Member] | Commercial Real Estate [Member] | |||||
| Financing Receivable, Recorded Investment [Line Items] | |||||
| Loans | 886 | 945 | |||
| Troubled debt restructures [Member] | Residential Real Estate [Member] | |||||
| Financing Receivable, Recorded Investment [Line Items] | |||||
| Loans | 10,340 | 10,520 | |||
| Troubled debt restructures [Member] | Commercial and Financial [Member] | |||||
| Financing Receivable, Recorded Investment [Line Items] | |||||
| Loans | 197 | 0 | |||
| Troubled debt restructures [Member] | Consumer [Member] | |||||
| Financing Receivable, Recorded Investment [Line Items] | |||||
| Loans | $ 348 | $ 307 | |||
| |||||
IMPAIRED LOANS AND ALLOWANCE FOR LOAN LOSSES - Additional Information (Details) - USD ($) |
6 Months Ended | 12 Months Ended | |
|---|---|---|---|
Jun. 30, 2017 |
Jun. 30, 2016 |
Dec. 31, 2016 |
|
| Financing Receivable, Modifications [Line Items] | |||
| Troubled Debt Restructuring Outstanding | $ 16,900,000 | $ 17,700,000 | |
| Loans and Leases Receivable, Impaired, Interest Income Recognized, Change in Present Value Attributable to Passage of Time | 125,000 | $ 95,000 | |
| Nonaccrual loans and loans past due ninety days | 16,979,000 | 18,071,000 | |
| Purchased Loans [Member] | |||
| Financing Receivable, Modifications [Line Items] | |||
| Nonaccrual loans and loans past due ninety days | 6,400,000 | 7,000,000 | |
| Financing Receivable, Recorded Investment, 90 Days Past Due and Still Accruing | 200,000 | 0 | |
| Nonaccrual [Member] | |||
| Financing Receivable, Modifications [Line Items] | |||
| Nonaccrual loans and loans past due ninety days | 10,500,000 | 11,000,000 | |
| Financing Receivable, Recorded Investment, 90 Days Past Due and Still Accruing | 0 | 0 | |
| Loans [Member] | Bank shares, Inc [Member] | |||
| Financing Receivable, Modifications [Line Items] | |||
| Assets, Fair Value Adjustment | $ 15,500,000 | $ 13,700,000 | |
| Fair value adjustment Percent | 2.54% | 3.11% | |
IMPAIRED LOANS AND ALLOWANCE FOR LOAN LOSSES - Modified Loans (Details) $ in Thousands |
6 Months Ended | |
|---|---|---|
|
Jun. 30, 2017
USD ($)
Number
|
Jun. 30, 2016
USD ($)
Number
|
|
| Financing Receivable, Modifications [Line Items] | ||
| Number of Contracts | Number | 2 | 6 |
| Pre-Modification Outstanding Recorded Investment | $ 67 | $ 1,660 |
| Post-Modification Outstanding Recorded Investment | 61 | 1,489 |
| Valuation Allowance Recorded | $ 6 | $ 171 |
| Construction and Land Development [Member] | ||
| Financing Receivable, Modifications [Line Items] | ||
| Number of Contracts | Number | 1 | |
| Pre-Modification Outstanding Recorded Investment | $ 52 | |
| Post-Modification Outstanding Recorded Investment | 46 | |
| Valuation Allowance Recorded | $ 6 | |
| Residential Real Estate [Member] | ||
| Financing Receivable, Modifications [Line Items] | ||
| Number of Contracts | Number | 1 | 6 |
| Pre-Modification Outstanding Recorded Investment | $ 15 | $ 1,660 |
| Post-Modification Outstanding Recorded Investment | 15 | 1,489 |
| Valuation Allowance Recorded | $ 0 | $ 171 |
IMPAIRED LOANS AND ALLOWANCE FOR LOAN LOSSES - Company's Recorded Investments in Impaired Loans and the Related Valuation Allowances (Details) - USD ($) $ in Thousands |
Jun. 30, 2017 |
Dec. 31, 2016 |
|---|---|---|
| Recorded Investment | ||
| Total | $ 30,386 | $ 32,718 |
| Unpaid Principal Balance | ||
| Total | 36,636 | 39,157 |
| Related Valuation Allowance | ||
| Total | 1,911 | 2,454 |
| Construction and Land Development [Member] | ||
| Recorded Investment | ||
| Impaired Loans with No Related Allowance Recorded | 577 | 226 |
| Impaired Loans with an Allowance Recorded | 355 | 51 |
| Total | 932 | 277 |
| Unpaid Principal Balance | ||
| Impaired Loans with No Related Allowance Recorded | 879 | 321 |
| Impaired Loans with an Allowance Recorded | 367 | 51 |
| Total | 1,246 | 372 |
| Related Valuation Allowance | ||
| Impaired Loans with No Related Allowance Recorded | 0 | 0 |
| Impaired Loans with an Allowance Recorded | 145 | 0 |
| Total | 145 | 0 |
| Commercial Real Estate [Member] | ||
| Recorded Investment | ||
| Impaired Loans with No Related Allowance Recorded | 2,791 | 3,267 |
| Impaired Loans with an Allowance Recorded | 4,964 | 6,937 |
| Total | 7,755 | 10,204 |
| Unpaid Principal Balance | ||
| Impaired Loans with No Related Allowance Recorded | 4,134 | 4,813 |
| Impaired Loans with an Allowance Recorded | 4,970 | 6,949 |
| Total | 9,104 | 11,762 |
| Related Valuation Allowance | ||
| Impaired Loans with No Related Allowance Recorded | 0 | 0 |
| Impaired Loans with an Allowance Recorded | 244 | 395 |
| Total | 244 | 395 |
| Residential Real Estate [Member] | ||
| Recorded Investment | ||
| Impaired Loans with No Related Allowance Recorded | 10,099 | 9,706 |
| Impaired Loans with an Allowance Recorded | 10,360 | 12,332 |
| Total | 20,459 | 22,038 |
| Unpaid Principal Balance | ||
| Impaired Loans with No Related Allowance Recorded | 14,607 | 14,136 |
| Impaired Loans with an Allowance Recorded | 10,566 | 12,681 |
| Total | 25,173 | 26,817 |
| Related Valuation Allowance | ||
| Impaired Loans with No Related Allowance Recorded | 0 | 0 |
| Impaired Loans with an Allowance Recorded | 1,255 | 2,059 |
| Total | 1,255 | 2,059 |
| Commercial And Financial [Member] | ||
| Recorded Investment | ||
| Impaired Loans with No Related Allowance Recorded | 352 | 199 |
| Impaired Loans with an Allowance Recorded | 406 | 0 |
| Total | 758 | 199 |
| Unpaid Principal Balance | ||
| Impaired Loans with No Related Allowance Recorded | 361 | 206 |
| Impaired Loans with an Allowance Recorded | 197 | 0 |
| Total | 558 | 206 |
| Related Valuation Allowance | ||
| Impaired Loans with No Related Allowance Recorded | 0 | 0 |
| Impaired Loans with an Allowance Recorded | 209 | 0 |
| Total | 209 | 0 |
| Consumer [Member] | ||
| Recorded Investment | ||
| Impaired Loans with No Related Allowance Recorded | 127 | 0 |
| Impaired Loans with an Allowance Recorded | 355 | 0 |
| Total | 482 | 0 |
| Unpaid Principal Balance | ||
| Impaired Loans with No Related Allowance Recorded | 200 | 0 |
| Impaired Loans with an Allowance Recorded | 355 | 0 |
| Total | 555 | 0 |
| Related Valuation Allowance | ||
| Impaired Loans with No Related Allowance Recorded | 0 | 0 |
| Impaired Loans with an Allowance Recorded | 58 | 0 |
| Total | $ 58 | $ 0 |
IMPAIRED LOANS AND ALLOWANCE FOR LOAN LOSSES - Company's Average Recorded Investments in Impaired Loans and Related Interest Income (Details) - USD ($) $ in Thousands |
3 Months Ended | 6 Months Ended | ||
|---|---|---|---|---|
Jun. 30, 2017 |
Jun. 30, 2016 |
Jun. 30, 2017 |
Jun. 30, 2016 |
|
| Average Recorded Investment | ||||
| Total | $ 31,078 | $ 31,749 | $ 31,682 | $ 32,116 |
| Interest Income Recognized | ||||
| Total | 354 | 224 | 739 | 431 |
| Commercial Real Estate [Member] | ||||
| Average Recorded Investment | ||||
| Impaired Loans with No Related Allowance Recorded | 2,521 | 1,860 | 2,747 | 2,063 |
| Impaired Loans with an Allowance Recorded | 5,745 | 6,906 | 6,207 | 6,970 |
| Total | 8,266 | 8,766 | 8,954 | 9,033 |
| Interest Income Recognized | ||||
| Impaired Loans with No Related Allowance Recorded | 40 | 2 | 79 | 5 |
| Impaired Loans with an Allowance Recorded | 39 | 73 | 108 | 147 |
| Total | 79 | 75 | 187 | 152 |
| Residential Real Estate [Member] | ||||
| Average Recorded Investment | ||||
| Impaired Loans with No Related Allowance Recorded | 9,831 | 9,587 | 9,767 | 9,493 |
| Impaired Loans with an Allowance Recorded | 11,173 | 11,993 | 11,627 | 12,128 |
| Total | 21,004 | 21,580 | 21,394 | 21,621 |
| Interest Income Recognized | ||||
| Impaired Loans with No Related Allowance Recorded | 159 | 37 | 297 | 71 |
| Impaired Loans with an Allowance Recorded | 84 | 100 | 197 | 185 |
| Total | 243 | 137 | 494 | 256 |
| Construction and Land Development [Member] | ||||
| Average Recorded Investment | ||||
| Impaired Loans with No Related Allowance Recorded | 538 | 214 | 431 | 179 |
| Impaired Loans with an Allowance Recorded | 279 | 634 | 197 | 702 |
| Total | 817 | 848 | 628 | 881 |
| Interest Income Recognized | ||||
| Impaired Loans with No Related Allowance Recorded | 11 | 0 | 22 | 0 |
| Impaired Loans with an Allowance Recorded | 2 | 6 | 5 | 13 |
| Total | 13 | 6 | 27 | 13 |
| Commercial And Financial [Member] | ||||
| Average Recorded Investment | ||||
| Impaired Loans with No Related Allowance Recorded | 155 | 16 | 153 | 16 |
| Impaired Loans with an Allowance Recorded | 371 | 0 | 244 | 0 |
| Total | 526 | 16 | 397 | 16 |
| Interest Income Recognized | ||||
| Impaired Loans with No Related Allowance Recorded | 6 | 0 | 7 | 0 |
| Impaired Loans with an Allowance Recorded | 3 | 0 | 7 | 0 |
| Total | 9 | 0 | 14 | 0 |
| Consumer Portfolio Segment [Member] | ||||
| Average Recorded Investment | ||||
| Impaired Loans with No Related Allowance Recorded | 154 | 183 | 105 | 212 |
| Impaired Loans with an Allowance Recorded | 311 | 356 | 204 | 353 |
| Total | 465 | 539 | 309 | 565 |
| Interest Income Recognized | ||||
| Impaired Loans with No Related Allowance Recorded | 3 | 1 | 7 | 1 |
| Impaired Loans with an Allowance Recorded | 7 | 5 | 10 | 9 |
| Total | $ 10 | $ 6 | $ 17 | $ 10 |
IMPAIRED LOANS AND ALLOWANCE FOR LOAN LOSSES - Activity in Allowance for Loan Losses (Details) - USD ($) $ in Thousands |
3 Months Ended | 6 Months Ended | ||
|---|---|---|---|---|
Jun. 30, 2017 |
Jun. 30, 2016 |
Jun. 30, 2017 |
Jun. 30, 2016 |
|
| Allowance for Loan Losses: | ||||
| Beginning Balance | $ 24,562 | $ 19,724 | $ 23,400 | $ 19,128 |
| Provision for Loan Losses | 1,401 | 662 | 2,705 | 861 |
| Charge-Offs | (668) | (122) | (1,219) | (494) |
| Recoveries | 705 | 461 | 1,114 | 1,230 |
| Net (Charge-Offs) Recoveries | 37 | 339 | (105) | 736 |
| Ending Balance | 26,000 | 20,725 | 26,000 | 20,725 |
| Construction and Land Development [Member] | ||||
| Allowance for Loan Losses: | ||||
| Beginning Balance | 1,352 | 1,285 | 1,219 | 1,151 |
| Provision for Loan Losses | 128 | (239) | 192 | (180) |
| Charge-Offs | 0 | 0 | 0 | 0 |
| Recoveries | 94 | 114 | 163 | 189 |
| Net (Charge-Offs) Recoveries | 94 | 114 | 163 | 189 |
| Ending Balance | 1,574 | 1,160 | 1,574 | 1,160 |
| Commercial Real Estate [Member] | ||||
| Allowance for Loan Losses: | ||||
| Beginning Balance | 9,861 | 6,677 | 9,273 | 6,756 |
| Provision for Loan Losses | (167) | 495 | 313 | 510 |
| Charge-Offs | (102) | (3) | (102) | (176) |
| Recoveries | 331 | 23 | 439 | 102 |
| Net (Charge-Offs) Recoveries | 229 | 20 | 337 | (74) |
| Ending Balance | 9,923 | 7,192 | 9,923 | 7,192 |
| Residential Real Estate [Member] | ||||
| Allowance for Loan Losses: | ||||
| Beginning Balance | 7,064 | 8,512 | 7,483 | 8,057 |
| Provision for Loan Losses | 324 | (420) | (100) | (10) |
| Charge-Offs | (64) | (28) | (187) | (145) |
| Recoveries | 99 | 235 | 227 | 397 |
| Net (Charge-Offs) Recoveries | 35 | 207 | 40 | 252 |
| Ending Balance | 7,423 | 8,299 | 7,423 | 8,299 |
| Commercial And Financial [Member] | ||||
| Allowance for Loan Losses: | ||||
| Beginning Balance | 4,635 | 1,991 | 3,636 | 2,042 |
| Provision for Loan Losses | 1,193 | 566 | 2,314 | 147 |
| Charge-Offs | (447) | (38) | (616) | (93) |
| Recoveries | 79 | 72 | 126 | 495 |
| Net (Charge-Offs) Recoveries | (368) | 34 | (490) | 402 |
| Ending Balance | 5,460 | 2,591 | 5,460 | 2,591 |
| Consumer [Member] | ||||
| Allowance for Loan Losses: | ||||
| Beginning Balance | 1,650 | 1,259 | 1,789 | 1,122 |
| Provision for Loan Losses | (77) | 260 | (14) | 394 |
| Charge-Offs | (55) | (53) | (314) | (80) |
| Recoveries | 102 | 17 | 159 | 47 |
| Net (Charge-Offs) Recoveries | 47 | (36) | (155) | (33) |
| Ending Balance | $ 1,620 | $ 1,483 | $ 1,620 | $ 1,483 |
IMPAIRED LOANS AND ALLOWANCE FOR LOAN LOSSES - Loan Portfolio and Related Allowance (Details) - USD ($) $ in Thousands |
Jun. 30, 2017 |
Dec. 31, 2016 |
|---|---|---|
| Carrying Value | ||
| Individually Evaluated for Impairment | $ 30,386 | $ 32,718 |
| Collectively Evaluated for Impairment | 3,286,557 | 2,833,822 |
| Total | 3,316,943 | 2,866,540 |
| Associated Allowance | ||
| Individually Evaluated for Impairment | 1,911 | 2,454 |
| Collectively Evaluated for Impairment | 24,089 | 20,946 |
| Total | 26,000 | 23,400 |
| PCI Loans [Member] | ||
| Carrying Value | ||
| Individually Evaluated for Impairment | 13,132 | 12,996 |
| Associated Allowance | ||
| Individually Evaluated for Impairment | 0 | 0 |
| Construction and Land Development [Member] | ||
| Carrying Value | ||
| Individually Evaluated for Impairment | 932 | 277 |
| Collectively Evaluated for Impairment | 229,529 | 159,839 |
| Total | 230,461 | 160,116 |
| Associated Allowance | ||
| Individually Evaluated for Impairment | 145 | 0 |
| Collectively Evaluated for Impairment | 1,429 | 1,219 |
| Total | 1,574 | 1,219 |
| Construction and Land Development [Member] | PCI Loans [Member] | ||
| Carrying Value | ||
| Individually Evaluated for Impairment | 113 | 114 |
| Associated Allowance | ||
| Individually Evaluated for Impairment | 0 | 0 |
| Commercial Real Estate [Member] | ||
| Carrying Value | ||
| Individually Evaluated for Impairment | 7,755 | 10,204 |
| Collectively Evaluated for Impairment | 1,444,850 | 1,335,832 |
| Total | 1,452,605 | 1,346,036 |
| Associated Allowance | ||
| Individually Evaluated for Impairment | 244 | 395 |
| Collectively Evaluated for Impairment | 9,679 | 8,878 |
| Total | 9,923 | 9,273 |
| Commercial Real Estate [Member] | PCI Loans [Member] | ||
| Carrying Value | ||
| Individually Evaluated for Impairment | 11,463 | 11,257 |
| Associated Allowance | ||
| Individually Evaluated for Impairment | 0 | 0 |
| Residential Real Estate [Member] | ||
| Carrying Value | ||
| Individually Evaluated for Impairment | 20,459 | 22,038 |
| Collectively Evaluated for Impairment | 969,983 | 814,250 |
| Total | 990,442 | 836,288 |
| Associated Allowance | ||
| Individually Evaluated for Impairment | 1,255 | 2,059 |
| Collectively Evaluated for Impairment | 6,168 | 5,424 |
| Total | 7,423 | 7,483 |
| Residential Real Estate [Member] | PCI Loans [Member] | ||
| Carrying Value | ||
| Individually Evaluated for Impairment | 702 | 684 |
| Associated Allowance | ||
| Individually Evaluated for Impairment | 0 | 0 |
| Commercial And Financial [Member] | ||
| Carrying Value | ||
| Individually Evaluated for Impairment | 758 | 199 |
| Collectively Evaluated for Impairment | 463,526 | 369,449 |
| Total | 464,284 | 369,648 |
| Associated Allowance | ||
| Individually Evaluated for Impairment | 209 | 0 |
| Collectively Evaluated for Impairment | 5,251 | 3,636 |
| Total | 5,460 | 3,636 |
| Commercial And Financial [Member] | PCI Loans [Member] | ||
| Carrying Value | ||
| Individually Evaluated for Impairment | 854 | 941 |
| Associated Allowance | ||
| Individually Evaluated for Impairment | 0 | 0 |
| Consumer [Member] | ||
| Carrying Value | ||
| Individually Evaluated for Impairment | 482 | 0 |
| Collectively Evaluated for Impairment | 178,669 | 154,452 |
| Total | 179,151 | 154,452 |
| Associated Allowance | ||
| Individually Evaluated for Impairment | 58 | 0 |
| Collectively Evaluated for Impairment | 1,562 | 1,789 |
| Total | 1,620 | 1,789 |
| Consumer [Member] | PCI Loans [Member] | ||
| Carrying Value | ||
| Individually Evaluated for Impairment | 0 | 0 |
| Associated Allowance | ||
| Individually Evaluated for Impairment | $ 0 | $ 0 |
SECURITIES SOLD UNDER AGREEMENTS TO REPURCHASE - Schedule Of Securities Financing Transactions (Details) - USD ($) $ in Thousands |
Jun. 30, 2017 |
Dec. 31, 2016 |
|---|---|---|
| Mortgage-backed securities of U.S. Government Sponsored Entities [Member] | ||
| Securities Financing Transaction [Line Items] | ||
| Securities Sold under Agreements to Repurchase, Fair Value of Collateral | $ 167,558 | $ 204,202 |
NONINTEREST INCOME AND EXPENSES - Summary of Noninterest Income and Expense (Details) - USD ($) $ in Thousands |
3 Months Ended | 6 Months Ended | ||
|---|---|---|---|---|
Jun. 30, 2017 |
Jun. 30, 2016 |
Jun. 30, 2017 |
Jun. 30, 2016 |
|
| Noninterest income | ||||
| Service charges on deposits | $ 2,435 | $ 2,230 | $ 4,857 | $ 4,359 |
| Trust income | 917 | 838 | 1,797 | 1,644 |
| Mortgage banking fees | 1,272 | 1,364 | 2,824 | 2,363 |
| Brokerage commissions and fees | 351 | 470 | 728 | 1,101 |
| Marine finance fees | 326 | 279 | 460 | 420 |
| Interchange income | 2,671 | 2,370 | 5,165 | 4,587 |
| Other deposit-based EFT fees | 114 | 116 | 254 | 243 |
| BOLI income | 757 | 379 | 1,490 | 1,220 |
| Other income | 1,624 | 1,065 | 2,797 | 1,804 |
| Noninterest Income | 10,467 | 9,111 | 20,372 | 17,741 |
| Securities gains, net | 21 | 47 | 21 | 136 |
| TOTAL | 10,488 | 9,158 | 20,393 | 17,877 |
| Noninterest expense | ||||
| Salaries and wages | 18,375 | 13,884 | 33,744 | 27,283 |
| Employee benefits | 2,935 | 2,521 | 6,003 | 5,003 |
| Outsourced data processing costs | 3,456 | 2,803 | 6,725 | 7,242 |
| Telephone/data lines | 648 | 539 | 1,180 | 1,067 |
| Occupancy | 4,421 | 3,645 | 7,578 | 6,617 |
| Furniture and equipment | 1,679 | 1,283 | 3,070 | 2,281 |
| Marketing | 1,074 | 957 | 1,996 | 2,006 |
| Legal and professional fees | 3,276 | 2,656 | 5,408 | 5,013 |
| FDIC assessments | 650 | 643 | 1,220 | 1,187 |
| Amortization of intangibles | 839 | 593 | 1,558 | 1,039 |
| Asset dispositions expense | 136 | 160 | 189 | 250 |
| Net loss (gain) on other real estate owned and repossessed assets | 161 | (201) | (185) | (252) |
| Early redemption cost for Federal Home Loan Bank borrowings | 0 | 1,777 | 0 | 1,777 |
| Other | 3,975 | 3,548 | 7,885 | 6,636 |
| TOTAL | $ 41,625 | $ 34,808 | $ 76,371 | $ 67,149 |
EQUITY CAPITAL - Additional Information (Details) - USD ($) $ in Thousands |
1 Months Ended | 6 Months Ended | |
|---|---|---|---|
Feb. 21, 2017 |
Jun. 30, 2017 |
Jun. 30, 2016 |
|
| Class of Stock [Line Items] | |||
| Proceeds from Issuance of Common Stock | $ 55,600 | $ 55,641 | $ 0 |
| Tier One Risk Based Capital Required to be Well Capitalized to Risk Weighted Assets | 6.50% | ||
| Stock Issued During Period, Shares, New Issues | 2,702,500 | ||
| CapGen Capital Group III LP [Member] | |||
| Class of Stock [Line Items] | |||
| Sale of Stock, Number of Shares Issued in Transaction | 6,210,000 | ||
FAIR VALUE - Additional Information (Details) - USD ($) $ in Thousands |
6 Months Ended | |||||
|---|---|---|---|---|---|---|
Jun. 30, 2017 |
Mar. 31, 2017 |
Dec. 31, 2016 |
Jun. 30, 2016 |
Mar. 31, 2016 |
Dec. 31, 2015 |
|
| Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ||||||
| Capitalization Rates Utilized To Determine Fair Value Of Underlying Collateral Averaged Percentage | 7.80% | |||||
| Loans and Leases Receivable, Allowance | $ 26,000 | $ 24,562 | $ 23,400 | $ 20,725 | $ 19,724 | $ 19,128 |
| Loans Receivable [Member] | ||||||
| Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ||||||
| Fair Value, Measurement with Unobservable Inputs Reconciliation, Recurring Basis, Asset Transfers Into Level 3 | 100 | |||||
| Other Real Estate Owned And Other Reductions | 600 | |||||
| Other Real Estate Owned [Member] | ||||||
| Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ||||||
| Fair Value, Measurement with Unobservable Inputs Reconciliation, Recurring Basis, Asset Transfers Into Level 3 | 400 | |||||
| Other Real Estate Revenue | 2,900 | |||||
| Loans Receivable, Fair Value Disclosure | 10,700 | 4,100 | ||||
| Loans and Leases Receivable, Allowance | 600 | $ 400 | ||||
| Other Real Estate, Disposals | 3,100 | |||||
| Other Real Estate, Improvements | $ 1,200 |
FAIR VALUE - Fair Value Measurements for Items Measured at Fair Value (Details) - USD ($) $ in Thousands |
Jun. 30, 2017 |
Dec. 31, 2016 |
|||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|
| Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | |||||||||||
| Loans held for sale | $ 22,262 | $ 15,332 | |||||||||
| Other real estate owned | 8,497 | 9,949 | |||||||||
| Fair Value, Measurements, Recurring [Member] | |||||||||||
| Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | |||||||||||
| Available for sale securities | [1] | 1,016,744 | 950,503 | ||||||||
| Loans held for sale | [2] | 22,262 | 15,332 | ||||||||
| Fair Value, Measurements, Recurring [Member] | Quoted Prices in Active Markets for Identical Assets (Level 1) [Member] | |||||||||||
| Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | |||||||||||
| Available for sale securities | [1] | 100 | 100 | ||||||||
| Loans held for sale | [2] | 0 | 0 | ||||||||
| Fair Value, Measurements, Recurring [Member] | Significant Other Observable Inputs (Level 2) [Member] | |||||||||||
| Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | |||||||||||
| Available for sale securities | [1] | 1,016,644 | 950,403 | ||||||||
| Loans held for sale | [2] | 22,262 | 15,332 | ||||||||
| Fair Value, Measurements, Recurring [Member] | Significant Unobservable Inputs (Level 3) [Member] | |||||||||||
| Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | |||||||||||
| Available for sale securities | [1] | 0 | 0 | ||||||||
| Loans held for sale | [2] | 0 | 0 | ||||||||
| Fair Value, Measurements, Nonrecurring [Member] | |||||||||||
| Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | |||||||||||
| Loans | [3] | 10,710 | 4,120 | ||||||||
| Other real estate owned | [4] | 8,497 | 9,949 | ||||||||
| Fair Value, Measurements, Nonrecurring [Member] | Quoted Prices in Active Markets for Identical Assets (Level 1) [Member] | |||||||||||
| Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | |||||||||||
| Loans | [3] | 0 | 0 | ||||||||
| Other real estate owned | [4] | 0 | 0 | ||||||||
| Fair Value, Measurements, Nonrecurring [Member] | Significant Other Observable Inputs (Level 2) [Member] | |||||||||||
| Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | |||||||||||
| Loans | [3] | 10,304 | 3,170 | ||||||||
| Other real estate owned | [4] | 0 | 0 | ||||||||
| Fair Value, Measurements, Nonrecurring [Member] | Significant Unobservable Inputs (Level 3) [Member] | |||||||||||
| Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | |||||||||||
| Loans | [3] | 406 | 950 | ||||||||
| Other real estate owned | [4] | $ 8,497 | $ 9,949 | ||||||||
| |||||||||||
FAIR VALUE - Summary of Carrying Value and Fair Value of Company's Financial Instruments (Details) - USD ($) $ in Thousands |
Jun. 30, 2017 |
Dec. 31, 2016 |
|||
|---|---|---|---|---|---|
| Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | |||||
| Securities held to maturity | $ 397,096 | $ 372,498 | |||
| Loans, net | 3,304,075 | 2,856,136 | |||
| Quoted Prices in Active Markets for Identical Assets (Level 1) [Member] | |||||
| Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | |||||
| Securities held to maturity | [1] | 0 | 0 | ||
| Time deposits with other banks | 0 | ||||
| Loans, net | 0 | 0 | |||
| Deposit liabilities | 0 | 0 | |||
| Subordinated debt | 0 | 0 | |||
| Significant Other Observable Inputs (Level 2) [Member] | |||||
| Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | |||||
| Securities held to maturity | [1] | 397,357 | 369,881 | ||
| Time deposits with other banks | 0 | ||||
| Loans, net | 0 | 0 | |||
| Deposit liabilities | 0 | 0 | |||
| Subordinated debt | 55,017 | 54,908 | |||
| Significant Unobservable Inputs (Level 3) [Member] | |||||
| Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | |||||
| Securities held to maturity | [1] | 0 | 0 | ||
| Time deposits with other banks | 16,386 | ||||
| Loans, net | 3,277,109 | 2,840,993 | |||
| Deposit liabilities | 3,973,456 | 3,523,322 | |||
| Subordinated debt | 0 | 0 | |||
| Carrying Amount [Member] | |||||
| Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | |||||
| Securities held to maturity | [1] | 397,096 | 372,498 | ||
| Time deposits with other banks | 16,426 | ||||
| Loans, net | 3,293,365 | 2,852,016 | |||
| Deposit liabilities | 3,975,458 | 3,523,245 | |||
| Subordinated debt | $ 70,381 | $ 70,241 | |||
| |||||
FAIR VALUE - fair value of contractual balance and gains or losses (Details) - USD ($) $ in Thousands |
6 Months Ended | 12 Months Ended |
|---|---|---|
Jun. 30, 2017 |
Dec. 31, 2016 |
|
| Aggregate fair value | $ 22,262 | $ 15,332 |
| Contractual balance | 21,640 | 14,904 |
| Gains (losses) | $ 622 | $ 428 |
BUSINESS COMBINATIONS - Additional Information (Details) - USD ($) $ in Millions |
3 Months Ended | 6 Months Ended | |||||
|---|---|---|---|---|---|---|---|
Apr. 07, 2017 |
Mar. 11, 2016 |
Jun. 30, 2017 |
Jun. 30, 2017 |
May 18, 2017 |
May 04, 2017 |
Jun. 03, 2016 |
|
| Business Acquisition [Line Items] | |||||||
| Business Combination Recognized Identifiable Assets Acquired And Liabilities Assumed Deposit Premium Percentage | 3.00% | ||||||
| Business Combination Recognized Identifiable Assets Acquired And Liabilities Assumed Loan Held For Sale | $ 314.0 | ||||||
| Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Current Liabilities, Accounts Payable | $ 63.0 | ||||||
| Business Acquisition Intangible Assets Expected Tax Deductible Amount | $ 13.0 | $ 13.0 | |||||
| Business Acquisition Intangible Assets Tax Deductible Period | 15 years | ||||||
| Effective Income Tax Rate Reconciliation, Nondeductible Expense, Other, Amount | $ 32.0 | ||||||
| Business Loan Premium | 0.50% | ||||||
| Payments for Merger Related Costs | $ 4.3 | ||||||
| Floridian Financial Group [Member] | |||||||
| Business Acquisition [Line Items] | |||||||
| Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Other Noncurrent Assets | 417.0 | ||||||
| Business Combination Recognized Identifiable Assets Acquired And Liabilities Assumed Noncurrent Liabilities Deposits | 337.0 | ||||||
| Business Combination Recognized Identifiable Assets Acquired and Liabilities Assumed Noncurrent Assets Loans | $ 266.0 | ||||||
| Business Acquisition, Equity Interest Issued or Issuable, Description | Under the terms of the definitive agreement, Floridian shareholders received, at their election, (i) the combination of $4.29 in cash and 0.5291 shares of Seacoast common stock, (ii) $12.25 in cash, or (iii) 0.8140 shares of Seacoast common stock, subject to a customary proration mechanism so that the aggregate consideration mix equaled 35% cash and 65% Seacoast shares (based on Seacoasts closing price of $15.47 per share on March 11, 2016). | ||||||
| Business Acquisition, Percentage of Voting Interests Acquired | 100.00% | 100.00% | |||||
| Gulf Shore Banc shares Inc [Member] | |||||||
| Business Acquisition [Line Items] | |||||||
| Business Acquisition, Equity Interest Issued or Issuable, Description | Under the terms of the definitive agreement, GulfShore shareholders received, for each share of GulfShore common stock, the combination of $1.47 in cash and 0.4807 shares of Seacoast common stock (based on Seacoasts closing price of $23.94 per share on April 7, 2017). | ||||||
| Effective Income Tax Rate Reconciliation, Nondeductible Expense, Other, Amount | $ 37.0 | ||||||
| Gulf Shore Banc shares Inc [Member] | Common Stock [Member] | |||||||
| Business Acquisition [Line Items] | |||||||
| Business Acquisition, Percentage of Voting Interests Acquired | 100.00% | 100.00% | |||||
| Palm Beach Community Bank [Member] | |||||||
| Business Acquisition [Line Items] | |||||||
| Business Combination Recognized Identifiable Assets Acquired And Liabilities Assumed Noncurrent Liabilities Deposits | $ 281.0 | ||||||
| Business Combination Recognized Identifiable Assets Acquired and Liabilities Assumed Noncurrent Assets Loans | $ 290.0 | ||||||
| NorthStar Bank [Member] | |||||||
| Business Acquisition [Line Items] | |||||||
| Business Combination Recognized Identifiable Assets Acquired And Liabilities Assumed Noncurrent Liabilities Deposits | $ 168.0 | ||||||
| Business Combination Recognized Identifiable Assets Acquired and Liabilities Assumed Noncurrent Assets Loans | $ 137.0 |
BUSINESS COMBINATIONS - Purchase Price (Details) |
Apr. 07, 2017
USD ($)
$ / shares
shares
|
Mar. 11, 2016
USD ($)
$ / shares
shares
|
|---|---|---|
| Floridian Financial Group [Member] | ||
| Business Acquisition [Line Items] | ||
| Shares exchanged for cash | $ 26,699,000 | |
| Number of GulfShore Bancshares, Inc. common shares outstanding | shares | 6,222,119 | |
| Per share exchange ratio | 0.5289 | |
| Number of shares of common stock issued | shares | 3,291,066 | |
| Multiplied by common stock price per share | $ / shares | $ 15.47 | |
| Value of common stock issued | $ 50,912,791,000 | |
| Total purchase price | $ 77,611,791 | |
| Gulf Shore Banc shares Inc [Member] | ||
| Business Acquisition [Line Items] | ||
| Shares exchanged for cash | $ 8,033,999,000 | |
| Number of GulfShore Bancshares, Inc. common shares outstanding | shares | 5,464,308 | |
| Per share exchange ratio | 0.4807 | |
| Number of shares of common stock issued | shares | 2,626,693 | |
| Multiplied by common stock price per share | $ / shares | $ 23.94 | |
| Value of common stock issued | $ 62,883,030,000 | |
| Total purchase price | $ 70,917,029,000 |
BUSINESS COMBINATIONS - fair value of the assets purchased, including goodwill, and liabilities (Details) - USD ($) $ in Thousands |
Jun. 30, 2017 |
Apr. 07, 2017 |
Dec. 31, 2016 |
Jun. 03, 2016 |
Mar. 11, 2016 |
|---|---|---|---|---|---|
| Assets: | |||||
| Loans, net | $ 314,000 | ||||
| Goodwill | $ 101,739 | $ 64,649 | |||
| Liabilities: | |||||
| Deposits | 63,000 | ||||
| Bank shares, Inc [Member] | Measurement Period Adjustments [Member] | |||||
| Assets: | |||||
| Cash, interest bearing deposits and time deposits with other banks | $ 0 | ||||
| Investment securities | 95 | ||||
| Loans, net | (2,112) | ||||
| Fixed assets | (628) | ||||
| Core deposit intangibles | 0 | ||||
| Goodwill | 1,647 | ||||
| Other assets | 998 | ||||
| Total assets acquired | 0 | ||||
| Liabilities: | |||||
| Deposits | 0 | ||||
| Other liabilities | 0 | ||||
| Total liabilities assumed | 0 | ||||
| Bank shares, Inc [Member] | Scenario, Previously Reported [Member] | |||||
| Assets: | |||||
| Cash, interest bearing deposits and time deposits with other banks | 28,243 | ||||
| Investment securities | 66,912 | ||||
| Loans, net | 268,249 | ||||
| Fixed assets | 7,801 | ||||
| Core deposit intangibles | 3,375 | ||||
| Goodwill | 29,985 | ||||
| Other assets | 12,879 | ||||
| Total assets acquired | 417,444 | ||||
| Liabilities: | |||||
| Deposits | 337,341 | ||||
| Other liabilities | 2,492 | ||||
| Total liabilities assumed | 339,833 | ||||
| Bank shares, Inc [Member] | Restatement Adjustment [Member] | |||||
| Assets: | |||||
| Cash, interest bearing deposits and time deposits with other banks | 28,243 | ||||
| Investment securities | 67,007 | ||||
| Loans, net | 266,137 | ||||
| Fixed assets | 7,173 | ||||
| Core deposit intangibles | 3,375 | ||||
| Goodwill | 31,632 | ||||
| Other assets | 13,877 | ||||
| Total assets acquired | 417,444 | ||||
| Liabilities: | |||||
| Deposits | 337,341 | ||||
| Other liabilities | 2,492 | ||||
| Total liabilities assumed | $ 339,833 | ||||
| BMO Harris Bank [Member] | Measurement Period Adjustments [Member] | |||||
| Assets: | |||||
| Cash, interest bearing deposits and time deposits with other banks | 0 | ||||
| Loans, net | 0 | ||||
| Fixed assets | 0 | ||||
| Core deposit intangibles | (135) | ||||
| Goodwill | 163 | ||||
| Other assets | (28) | ||||
| Total assets acquired | 0 | ||||
| Liabilities: | |||||
| Deposits | 0 | ||||
| Other liabilities | 0 | ||||
| Total liabilities assumed | 0 | ||||
| BMO Harris Bank [Member] | Scenario, Previously Reported [Member] | |||||
| Assets: | |||||
| Cash, interest bearing deposits and time deposits with other banks | 234,094 | ||||
| Loans, net | 62,671 | ||||
| Fixed assets | 3,715 | ||||
| Core deposit intangibles | 5,223 | ||||
| Goodwill | 7,645 | ||||
| Other assets | 952 | ||||
| Total assets acquired | 314,300 | ||||
| Liabilities: | |||||
| Deposits | 314,248 | ||||
| Other liabilities | 52 | ||||
| Total liabilities assumed | 314,300 | ||||
| BMO Harris Bank [Member] | Restatement Adjustment [Member] | |||||
| Assets: | |||||
| Cash, interest bearing deposits and time deposits with other banks | 234,094 | ||||
| Loans, net | 62,671 | ||||
| Fixed assets | 3,715 | ||||
| Core deposit intangibles | 5,088 | ||||
| Goodwill | 7,808 | ||||
| Other assets | 924 | ||||
| Total assets acquired | 314,300 | ||||
| Liabilities: | |||||
| Deposits | 314,248 | ||||
| Other liabilities | 52 | ||||
| Total liabilities assumed | $ 314,300 | ||||
| Gulf Shore Banc shares Inc [Member] | Scenario, Previously Reported [Member] | |||||
| Assets: | |||||
| Cash, interest bearing deposits and time deposits with other banks | $ 55,540 | ||||
| Investment securities | 316 | ||||
| Loans, net | 250,884 | ||||
| Fixed assets | 1,307 | ||||
| Other real estate owned | 13 | ||||
| Core deposit intangibles | 3,927 | ||||
| Goodwill | 37,090 | ||||
| Other assets | 8,572 | ||||
| Total assets acquired | 357,649 | ||||
| Liabilities: | |||||
| Deposits | 285,350 | ||||
| Other liabilities | 1,382 | ||||
| Total liabilities assumed | $ 286,732 |
BUSINESS COMBINATIONS - fair value of acquired loans (Details) - USD ($) $ in Thousands |
Apr. 07, 2017 |
Jun. 03, 2016 |
Mar. 11, 2016 |
|---|---|---|---|
| Certain Loans Acquired in Transfer Not Accounted for as Debt Securities, Carrying Amount, Net | $ 280,022 | ||
| Certain Loans Acquired in Transfer Not Accounted for as Debt Securities, Acquired During Period, at Acquisition, at Fair Value | 266,137 | ||
| Commercial Real Estate [Member] | |||
| Certain Loans Acquired in Transfer Not Accounted for as Debt Securities, Carrying Amount, Net | 172,531 | ||
| Certain Loans Acquired in Transfer Not Accounted for as Debt Securities, Acquired During Period, at Acquisition, at Fair Value | 167,105 | ||
| Commercial Loan [Member] | |||
| Certain Loans Acquired in Transfer Not Accounted for as Debt Securities, Carrying Amount, Net | 39,070 | ||
| Certain Loans Acquired in Transfer Not Accounted for as Debt Securities, Acquired During Period, at Acquisition, at Fair Value | 37,804 | ||
| Single Family Residential Real Estate [Member] | |||
| Certain Loans Acquired in Transfer Not Accounted for as Debt Securities, Carrying Amount, Net | 38,304 | ||
| Certain Loans Acquired in Transfer Not Accounted for as Debt Securities, Acquired During Period, at Acquisition, at Fair Value | 37,367 | ||
| Construction Development Land [Member] | |||
| Certain Loans Acquired in Transfer Not Accounted for as Debt Securities, Carrying Amount, Net | 20,546 | ||
| Certain Loans Acquired in Transfer Not Accounted for as Debt Securities, Acquired During Period, at Acquisition, at Fair Value | 18,108 | ||
| Consumer And Other Loans [Member] | |||
| Certain Loans Acquired in Transfer Not Accounted for as Debt Securities, Carrying Amount, Net | 3,385 | ||
| Certain Loans Acquired in Transfer Not Accounted for as Debt Securities, Acquired During Period, at Acquisition, at Fair Value | 3,110 | ||
| Purchased Credit Impaired [Member] | |||
| Certain Loans Acquired in Transfer Not Accounted for as Debt Securities, Carrying Amount, Net | 6,186 | ||
| Certain Loans Acquired in Transfer Not Accounted for as Debt Securities, Acquired During Period, at Acquisition, at Fair Value | $ 2,643 | ||
| BMO Harris Bank [Member] | |||
| Certain Loans Acquired in Transfer Not Accounted for as Debt Securities, Carrying Amount, Net | $ 64,043 | ||
| Certain Loans Acquired in Transfer Not Accounted for as Debt Securities, Acquired During Period, at Acquisition, at Fair Value | 62,671 | ||
| BMO Harris Bank [Member] | Commercial Real Estate [Member] | |||
| Certain Loans Acquired in Transfer Not Accounted for as Debt Securities, Carrying Amount, Net | 31,564 | ||
| Certain Loans Acquired in Transfer Not Accounted for as Debt Securities, Acquired During Period, at Acquisition, at Fair Value | 31,200 | ||
| BMO Harris Bank [Member] | Commercial Loan [Member] | |||
| Certain Loans Acquired in Transfer Not Accounted for as Debt Securities, Carrying Amount, Net | 32,479 | ||
| Certain Loans Acquired in Transfer Not Accounted for as Debt Securities, Acquired During Period, at Acquisition, at Fair Value | 31,471 | ||
| BMO Harris Bank [Member] | Purchased Credit Impaired [Member] | |||
| Certain Loans Acquired in Transfer Not Accounted for as Debt Securities, Carrying Amount, Net | 0 | ||
| Certain Loans Acquired in Transfer Not Accounted for as Debt Securities, Acquired During Period, at Acquisition, at Fair Value | $ 0 | ||
| Gulf Shore Banc shares Inc [Member] | |||
| Certain Loans Acquired in Transfer Not Accounted for as Debt Securities, Carrying Amount, Net | $ 256,876 | ||
| Certain Loans Acquired in Transfer Not Accounted for as Debt Securities, Acquired During Period, at Acquisition, at Fair Value | 250,884 | ||
| Gulf Shore Banc shares Inc [Member] | Commercial Real Estate [Member] | |||
| Certain Loans Acquired in Transfer Not Accounted for as Debt Securities, Carrying Amount, Net | 106,729 | ||
| Certain Loans Acquired in Transfer Not Accounted for as Debt Securities, Acquired During Period, at Acquisition, at Fair Value | 103,908 | ||
| Gulf Shore Banc shares Inc [Member] | Commercial Loan [Member] | |||
| Certain Loans Acquired in Transfer Not Accounted for as Debt Securities, Carrying Amount, Net | 32,137 | ||
| Certain Loans Acquired in Transfer Not Accounted for as Debt Securities, Acquired During Period, at Acquisition, at Fair Value | 32,252 | ||
| Gulf Shore Banc shares Inc [Member] | Single Family Residential Real Estate [Member] | |||
| Certain Loans Acquired in Transfer Not Accounted for as Debt Securities, Carrying Amount, Net | 101,281 | ||
| Certain Loans Acquired in Transfer Not Accounted for as Debt Securities, Acquired During Period, at Acquisition, at Fair Value | 99,598 | ||
| Gulf Shore Banc shares Inc [Member] | Construction Development Land [Member] | |||
| Certain Loans Acquired in Transfer Not Accounted for as Debt Securities, Carrying Amount, Net | 13,175 | ||
| Certain Loans Acquired in Transfer Not Accounted for as Debt Securities, Acquired During Period, at Acquisition, at Fair Value | 11,653 | ||
| Gulf Shore Banc shares Inc [Member] | Consumer And Other Loans [Member] | |||
| Certain Loans Acquired in Transfer Not Accounted for as Debt Securities, Carrying Amount, Net | 3,554 | ||
| Certain Loans Acquired in Transfer Not Accounted for as Debt Securities, Acquired During Period, at Acquisition, at Fair Value | 3,473 | ||
| Gulf Shore Banc shares Inc [Member] | Purchased Credit Impaired [Member] | |||
| Certain Loans Acquired in Transfer Not Accounted for as Debt Securities, Carrying Amount, Net | 0 | ||
| Certain Loans Acquired in Transfer Not Accounted for as Debt Securities, Acquired During Period, at Acquisition, at Fair Value | $ 0 |
BUSINESS COMBINATIONS - purchased credit impaired loans (Details) $ in Thousands |
Mar. 11, 2016
USD ($)
|
|---|---|
| Total purchased credit-impaired loan acquired | $ 266,137 |
| Floridian Financial Group [Member] | |
| Contractually required principal and interest | 8,031 |
| Non-accretable difference | (4,820) |
| Cash flows expected to be collected | 3,211 |
| Accretable yield | (568) |
| Total purchased credit-impaired loan acquired | $ 2,643 |
BUSINESS COMBINATIONS - Pro-forma information (Details) - Gulf Shore Banc shares Inc [Member] - USD ($) $ / shares in Units, $ in Thousands |
3 Months Ended | 6 Months Ended | |
|---|---|---|---|
Jun. 30, 2016 |
Jun. 30, 2017 |
Jun. 30, 2016 |
|
| Business Acquisition [Line Items] | |||
| Net interest income | $ 36,720 | $ 84,935 | $ 69,201 |
| Net income | $ 5,877 | $ 16,384 | $ 10,566 |
| EPS - basic (in dollars per share) | $ 0.15 | $ 0.39 | $ 0.27 |
| EPS - diluted (in dollars per share) | $ 0.14 | $ 0.39 | $ 0.27 |