10-Q

UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

WASHINGTON, D.C. 20549

FORM 10-Q

(Mark One)

x Quarterly Report Pursuant to Section 13 or 15(d) of The Securities Exchange Act of 1934

For the quarterly period ended March 31, 2014

¨ Transition Report Pursuant to Section 13 or 15(d) of The Securities Exchange Act of 1934

For the transition period from                      to                     

Commission file number 001-31940

F.N.B. CORPORATION

(Exact name of registrant as specified in its charter)

Florida	25-1255406
(State or other jurisdiction of incorporation or organization)	(I.R.S. Employer Identification No.)
One F.N.B. Boulevard, Hermitage, PA	16148
(Address of principal executive offices)	(Zip Code)

Registrant’s telephone number, including area code: 724-981-6000

(Former name, former address and former fiscal year, if changed since last report)

Indicate by check mark whether the registrant (1) has filed all reports required to be filed by Section 13 or 15(d) of the Securities Exchange Act of 1934 during the preceding 12 months (or for such shorter period that the registrant was required to file such reports), and (2) has been subject to such filing requirements for the past 90 days.    Yes  x    No  ¨

Indicate by check mark whether the registrant has submitted electronically and posted on its Web site, if any, every Interactive Data File required to be submitted and posted pursuant to Rule 405 of Regulation S-T (§232.405 of this chapter) during the preceding 12 months (or for such shorter period that the registrant was required to submit and post such files).    Yes  x    No  ¨

Indicate by check mark whether the registrant is a large accelerated filer, an accelerated filer, a non-accelerated filer, or a smaller reporting company. See definition of “large accelerated filer,” “accelerated filer” and “smaller reporting company” in Rule 12b-2 of the Exchange Act. (Check one):

Large Accelerated Filer	x	Accelerated Filer	¨
Non-accelerated Filer	¨	Smaller reporting company	¨

Indicate by check mark whether the registrant is a shell company (as defined in Rule 12b-2 of the Exchange Act).    Yes  ¨    No  x

APPLICABLE ONLY TO CORPORATE ISSUERS:

Indicate the number of shares outstanding of each of the issuer’s classes of common stock, as of the latest practicable date.

Class	Outstanding at April 30, 2014
Common Stock, $0.01 Par Value	166,426,974 Shares

F.N.B. CORPORATION

FORM 10-Q

March 31, 2014

INDEX

		PAGE
PART I – FINANCIAL INFORMATION
Item 1.	Financial Statements
	Consolidated Balance Sheets		3
	Consolidated Statements of Comprehensive Income		4
	Consolidated Statements of Stockholders’ Equity		5
	Consolidated Statements of Cash Flows		6
	Notes to Consolidated Financial Statements		7
Item 2.	Management’s Discussion and Analysis of Financial Condition and Results of Operations		47
Item 3.	Quantitative and Qualitative Disclosures About Market Risk		65
Item 4.	Controls and Procedures		65
PART II – OTHER INFORMATION
Item 1.	Legal Proceedings		66
Item 1A.	Risk Factors		66
Item 2.	Unregistered Sales of Equity Securities and Use of Proceeds		66
Item 3.	Defaults Upon Senior Securities		66
Item 4.	Mine Safety Disclosures		66
Item 5.	Other Information		66
Item 6.	Exhibits		67
Signatures			68

2

PART I – FINANCIAL INFORMATION

ITEM 1. FINANCIAL STATEMENTS

F.N.B. CORPORATION AND SUBSIDIARIES

CONSOLIDATED BALANCE SHEETS

Dollars in thousands, except par value

	March 31, 2014			December 31, 2013
	(Unaudited)
Assets
Cash and due from banks	$	221,615		$	197,534
Interest bearing deposits with banks		24,638			16,447
Cash and Cash Equivalents		246,253			213,981
Securities available for sale		1,274,070			1,141,650
Securities held to maturity (fair value of $1,418,994 and $1,189,563)		1,420,446			1,199,169
Residential mortgage loans held for sale		3,940			7,138
Loans, net of unearned income of $52,625 and $55,051		9,943,136			9,506,094
Allowance for loan losses		(112,219	)		(110,784	)
Net Loans		9,830,917			9,395,310
Premises and equipment, net		165,603			154,032
Goodwill		805,788			764,248
Core deposit and other intangible assets, net		51,024			47,608
Bank owned life insurance		307,872			289,402
Other assets		370,597			350,867
Total Assets	$	14,476,510		$	13,563,405
Liabilities
Deposits:
Non-interest bearing demand	$	2,353,444		$	2,200,081
Interest bearing demand		4,238,715			3,968,679
Savings		1,569,090			1,423,399
Certificates and other time deposits		2,777,487			2,606,073
Total Deposits		10,938,736			10,198,232
Other liabilities		131,894			130,418
Short-term borrowings		1,216,624			1,241,239
Long-term debt		235,752			143,928
Junior subordinated debt		68,517			75,205
Total Liabilities		12,591,523			11,789,022
Stockholders’ Equity
Preferred stock - $0.01 par value
Authorized – 20,000,000 shares
Issued – 110,877 shares		106,882			106,882
Common stock - $0.01 par value
Authorized – 500,000,000 shares
Issued – 167,377,712 and 159,624,796 shares		1,671			1,592
Additional paid-in capital		1,697,177			1,608,117
Retained earnings		133,828			121,870
Accumulated other comprehensive loss		(44,041	)		(56,924	)
Treasury stock – 1,000,385 and 657,585 shares at cost		(10,530	)		(7,154	)
Total Stockholders’ Equity		1,884,987			1,774,383
Total Liabilities and Stockholders’ Equity	$	14,476,510		$	13,563,405

See accompanying Notes to Consolidated Financial Statements

3

F.N.B. CORPORATION AND SUBSIDIARIES

CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME

Dollars in thousands, except per share data

Unaudited

	Three Months Ended
	March 31,
	2014		2013
Interest Income
Loans, including fees	$	104,097	$	92,975
Securities:
Taxable		12,287		10,597
Nontaxable		1,291		1,516
Dividends		179		16
Other		26		14
Total Interest Income		117,880		105,118
Interest Expense
Deposits		7,149		8,265
Short-term borrowings		1,194		1,107
Long-term debt		1,071		774
Junior subordinated debt		641		1,876
Total Interest Expense		10,055		12,022
Net Interest Income		107,825		93,096
Provision for loan losses		7,006		7,541
Net Interest Income After Provision for Loan Losses		100,819		85,555
Non-Interest Income
Service charges		15,288		16,425
Trust fees		4,764		4,085
Insurance commissions and fees		4,945		4,430
Securities commissions and fees		2,372		2,923
Net securities gains		9,461		684
Mortgage banking		214		1,084
Bank owned life insurance		2,185		1,636
Other		2,841		2,345
Total Non-Interest Income		42,070		33,612
Non-Interest Expense
Salaries and employee benefits		48,953		43,905
Net occupancy		8,482		6,698
Equipment		6,899		5,492
Amortization of intangibles		2,283		1,925
Outside services		7,237		7,205
FDIC insurance		2,994		2,364
Merger related		5,318		352
Other		12,000		10,861
Total Non-Interest Expense		94,166		78,802
Income Before Income Taxes		48,723		40,365
Income taxes		14,199		11,827
Net Income		34,524		28,538
Preferred stock dividends		2,322		—
Net Income Available to Common Stockholders	$	32,202	$	28,538
Net Income per Common Share – Basic	$	0.20	$	0.20
Net Income per Common Share – Diluted		0.20		0.20
Cash Dividends per Common Share		0.12		0.12
Comprehensive Income	$	47,407	$	27,564

See accompanying Notes to Consolidated Financial Statements

4

F.N.B. CORPORATION AND SUBSIDIARIES

CONSOLIDATED STATEMENT OF STOCKHOLDERS’ EQUITY

Dollars in thousands, except per share data

Unaudited

	Preferred Stock		Common Stock		Additional Paid-In Capital		Retained Earnings			Accumulated Other Comprehensive Income (Loss)			Treasury Stock			Total
Balance at January 1, 2014	$	106,882	$	1,592	$	1,608,117	$	121,870		$	(56,924	)	$	(7,154	)	$	1,774,383
Net income								34,524									34,524
Change in other comprehensive income (loss), net of tax											12,883						12,883
Dividends declared:
Preferred stock								(2,322	)								(2,322	)
Common stock: $0.12/share								(20,016	)								(20,016	)
Issuance of common stock				12		5,939		(228	)					(3,376	)		2,347
Issuance of common stock - acquisitions				67		81,330											81,397
Restricted stock compensation						567											567
Tax expense of stock-based compensation						1,224											1,224
Balance at March 31, 2014	$	106,882	$	1,671	$	1,697,177	$	133,828		$	(44,041	)	$	(10,530	)	$	1,884,987
Balance at January 1, 2013		—	$	1,398	$	1,376,601	$	75,312		$	(46,224	)	$	(5,018	)	$	1,402,069
Net income								28,538									28,538
Change in other comprehensive income (loss), net of tax											(974	)					(974	)
Dividends declared:
Common stock: $0.12/share								(16,927	)								(16,927	)
Issuance of common stock				8		155								(1,942	)		(1,779	)
Restricted stock compensation						1,083											1,083
Tax benefit of stock-based compensation						1,247											1,247
Balance at March 31, 2013		—	$	1,406	$	1,379,086	$	86,923		$	(47,198	)	$	(6,960	)	$	1,413,257

See accompanying Notes to Consolidated Financial Statements

5

F.N.B. CORPORATION AND SUBSIDIARIES

CONSOLIDATED STATEMENTS OF CASH FLOWS

Dollars in thousands

Unaudited

	Three Months Ended
	March 31,
	2014			2013
Operating Activities
Net income	$	34,524		$	28,538
Adjustments to reconcile net income to net cash flows provided by operating activities:
Depreciation, amortization and accretion		8,339			8,181
Provision for loan losses		7,006			7,541
Deferred tax expenses		(2,154	)		6,057
Net securities gains		(9,461	)		(684	)
Tax benefit of stock-based compensation		(1,224	)		(1,247	)
Loans originated for sale		(18,245	)		(65,340	)
Loans sold		22,635			68,241
Gain on sale of loans		(1,193	)		(1,021	)
Net change in:
Interest receivable		(123	)		(1,971	)
Interest payable		(750	)		(1,467	)
Trading securities		203,178			—
Bank owned life insurance		(1,513	)		(1,675	)
Other, net		3,096			(18,176	)
Net cash flows provided by operating activities		244,115			26,977
Investing Activities
Net change in loans		(140,938	)		(80,520	)
Securities available for sale:
Purchases		(318,332	)		(92,521	)
Sales		85,877			21,919
Maturities		130,641			77,002
Securities held to maturity:
Purchases		(266,486	)		(113,176	)
Sales		—			17,429
Maturities		44,159			90,826
Purchase of bank owned life insurance		(4,433	)		(5,000	)
Withdrawal/surrender of bank owned life insurance		716			—
(Increase) decrease in premises and equipment		(6,042	)		1,783
Net cash received in business combinations		26,964			—
Net cash flows used in investing activities		(447,874	)		(82,258	)
Financing Activities
Net change in:
Demand (non-interest bearing and interest bearing) and savings accounts		253,935			220,825
Time deposits		(44,043	)		(90,793	)
Short-term borrowings		(24,615	)		(138,137	)
Increase in long-term debt		108,079			13,331
Decrease in long-term debt		(16,254	)		(11,017	)
Decrease in junior subordinated debt		(23,712	)		—
Net proceeds from issuance of common stock		3,755			(696	)
Tax benefit of stock-based compensation		1,224			1,247
Cash dividends paid:
Preferred stock		(2,322	)		—
Common stock		(20,016	)		(16,927	)
Net cash flows provided by (used in)financing activities		236,031			(22,167	)
Net Decrease (Increase) in Cash and Cash Equivalents		32,272			(77,448	)
Cash and cash equivalents at beginning of period		213,981			239,044
Cash and Cash Equivalents at End of Period	$	246,253		$	161,596

See accompanying Notes to Consolidated Financial Statements

6

F.N.B. CORPORATION AND SUBSIDIARIES

NOTES TO CONSOLIDATED FINANCIAL STATEMENTS

Dollars in thousands, except share data

(Unaudited)

March 31, 2014

BUSINESS

F.N.B. Corporation (the Corporation), headquartered in Hermitage, Pennsylvania, is a regional diversified financial services company operating in six states and three major metropolitan areas, including Pittsburgh, Pennsylvania, Baltimore, Maryland and Cleveland, Ohio. As of March 31, 2014, the Corporation had 283 banking offices throughout Pennsylvania, Ohio, Maryland and West Virginia. The Corporation provides a full range of commercial banking, consumer banking and wealth management solutions through its subsidiary network which is led by its largest affiliate, First National Bank of Pennsylvania (FNBPA). Commercial banking solutions include corporate banking, small business banking, investment real estate financing, business credit, capital markets and lease financing. Consumer banking products and services include deposit products, mortgage lending, consumer lending and a complete suite of mobile and online banking services. Wealth management services include asset management, private banking and insurance. The Corporation also operates Regency Finance Company (Regency), which had 72 consumer finance offices in Pennsylvania, Ohio, Kentucky and Tennessee as of March 31, 2014.

BASIS OF PRESENTATION

The Corporation’s accompanying consolidated financial statements and these notes to the financial statements include subsidiaries in which the Corporation has a controlling financial interest. The Corporation owns and operates FNBPA, First National Trust Company, First National Investment Services Company, LLC, F.N.B. Investment Advisors, Inc., First National Insurance Agency, LLC, Regency, F.N.B. Capital Corporation, LLC and Bank Capital Services, LLC, and includes results for each of these entities in the accompanying consolidated financial statements.

The accompanying consolidated financial statements include all adjustments that are necessary, in the opinion of management, to fairly reflect the Corporation’s financial position and results of operations in accordance with U.S. generally accepted accounting principles (GAAP). All significant intercompany balances and transactions have been eliminated. Certain prior period amounts have been reclassified to conform to the current period presentation. Events occurring subsequent to the date of the balance sheet have been evaluated for potential recognition or disclosure in the consolidated financial statements through the date of the filing of the consolidated financial statements with the Securities and Exchange Commission (SEC).

Certain information and note disclosures normally included in consolidated financial statements prepared in accordance with GAAP have been condensed or omitted pursuant to the rules and regulations of the SEC. The interim operating results are not necessarily indicative of operating results the Corporation expects for the full year. These interim consolidated financial statements should be read in conjunction with the audited consolidated financial statements and notes thereto included in the Corporation’s Annual Report on Form 10-K filed with the SEC on February 28, 2014.

USE OF ESTIMATES

The accounting and reporting policies of the Corporation conform with GAAP. The preparation of financial statements in conformity with GAAP requires management to make estimates and assumptions that affect the amounts reported in the consolidated financial statements and accompanying notes. Actual results could materially differ from those estimates. Material estimates that are particularly susceptible to significant changes include the allowance for loan losses, securities valuations, goodwill and other intangible assets and income taxes.

SECURITIES OFFERINGS

On November 1, 2013, the Corporation completed a public offering of 4,693,876 shares of common stock at a price of $12.25 per share, including 612,244 shares of common stock purchased by the underwriters pursuant to an over-allotment option, which the underwriters exercised in full. On November 1, 2013, the Corporation also completed a public offering of 4,000,000 Depositary Shares, each representing a 1/40^th interest in the Non-Cumulative Perpetual Preferred Stock, Series E, of the Corporation, at a price of $25.00 per share. On November 14, 2013, the underwriters exercised their over-allotment option of 435,080 additional Depositary Shares at the same terms. The net proceeds of the common and preferred stock offerings after deducting underwriting discounts and commissions and offering expenses were $54,434 and $106,882, respectively.

7

MERGERS AND ACQUISITIONS

OBA Financial Services, Inc.

On April 8, 2014, the Corporation announced the signing of a definitive merger agreement to acquire OBA Financial Services, Inc. (OBA), a bank holding company with approximately $390,000 in total assets based in Germantown, Maryland. The transaction is valued at approximately $94,000. Under the terms of the merger agreement, OBA shareholders will be entitled to receive 1.781 shares of the Corporation’s common stock for each share of OBA common stock. OBA’s banking affiliate, OBA Bank, will be merged into FNBPA. The transaction is expected to be completed in the third quarter of 2014, pending regulatory approvals, the approval of shareholders of OBA and the satisfaction of other closing conditions.

BCSB Bancorp, Inc.

On February 15, 2014, the Corporation completed its acquisition of BCSB Bancorp, Inc. (BCSB), a bank holding company based in Baltimore, Maryland. On the acquisition date, the estimated fair values of BCSB included $596,795 in assets, $308,389 in loans and $532,197 in deposits. The acquisition was valued at approximately $80,554 and resulted in the Corporation issuing 6,730,597 shares of its common stock in exchange for 3,235,961 shares of BCSB common stock. The Corporation also acquired the outstanding stock options of BCSB that became fully vested upon the acquisition. The assets and liabilities of BCSB were recorded on the Corporation’s consolidated balance sheet at their preliminary estimated fair values as of February 15, 2014, the acquisition date, and BCSB’s results of operations have been included in the Corporation’s consolidated statement of comprehensive income since that date. BCSB’s banking affiliate, Baltimore County Savings Bank, was merged into FNBPA on February 15, 2014. Based on a preliminary purchase price allocation, the Corporation recorded $42,292 in goodwill and $6,591 in core deposit intangibles as a result of the acquisition. These fair value estimates are provisional amounts based on third party valuations that are currently under review. None of the goodwill is deductible for income tax purposes.

PVF Capital Corp.

On October 12, 2013, the Corporation completed its acquisition of PVF Capital Corp. (PVF), a savings and loan holding company based in Solon, Ohio. On the acquisition date, the estimated fair values of PVF included $686,401 in assets, $512,566 in loans and $627,046 in deposits. The acquisition was valued at $109,856 and resulted in the Corporation issuing 8,893,598 shares of its common stock in exchange for 26,119,398 shares of PVF common stock. The Corporation also acquired the outstanding stock options of PVF that became fully vested upon the acquisition. The assets and liabilities of PVF were recorded on the Corporation’s consolidated balance sheets at their preliminary estimated fair values as of October 12, 2013, the acquisition date, and PVF’s results of operations have been included in the Corporation’s consolidated statements of comprehensive income since that date. PVF’s banking affiliate, Park View Federal Savings Bank, was merged into FNBPA on October 12, 2013. Based on a preliminary purchase price allocation, the Corporation recorded $52,085 in goodwill and $6,867 in core deposit intangibles as a result of the acquisition. These fair value estimates are provisional amounts based on third party valuations that are currently under review. None of the goodwill is deductible for income tax purposes.

Annapolis Bancorp, Inc.

On April 6, 2013, the Corporation completed its acquisition of Annapolis Bancorp, Inc. (ANNB), a bank holding company based in Annapolis, Maryland. On the acquisition date, the estimated fair values of ANNB included $394,363 in assets, $256,199 in loans and $349,370 in deposits. The acquisition was valued at $56,300 and resulted in the Corporation issuing 4,641,412 shares of its common stock in exchange for 4,060,802 shares of ANNB common stock. The Corporation also acquired the outstanding stock options of ANNB that became fully vested upon the acquisition. Additionally, the Corporation paid $609, or $0.15 per share, to the holders of ANNB common stock as cash consideration due to the collection of a certain loan, as designated in the merger agreement. The assets and liabilities of ANNB were recorded on the Corporation’s consolidated balance sheets at their preliminary estimated fair values as of April 6, 2013, the acquisition date, and ANNB’s results of operations have been included in the Corporation’s consolidated statements of comprehensive income since that date. ANNB’s banking affiliate, BankAnnapolis, was merged into FNBPA on April 6, 2013. In conjunction with the acquisition, a warrant issued by ANNB to the U.S. Department of the Treasury (UST) under the Capital Purchase Program (CPP) was assumed by the Corporation and converted into a warrant to purchase up to 342,564 shares of the Corporation’s common stock. The warrant expires January 30, 2019 and has an exercise price of $3.57 per share. Based on the purchase price allocation, the Corporation recorded $35,854 in goodwill and $3,775 in core deposit intangibles as a result of the acquisition. None of the goodwill is deductible for income tax purposes.

8

NEW ACCOUNTING STANDARDS

Troubled Debt Restructurings

In January 2014, the Financial Accounting Standards Board (FASB) issued Accounting Standards Update (ASU) No. 2014-04, Reclassification of Residential Real Estate Collateralized Consumer Mortgage Loans upon Foreclosure, to clarify when an in-substance repossession or foreclosure occurs; that is, when a creditor should be considered to have received physical possession of residential real estate property collateralizing a consumer mortgage loan such that the loan should be derecognized and other real estate owned (OREO) recognized. This update requires a creditor to reclassify a collateralized consumer mortgage loan to OREO upon obtaining legal title to the real estate collateral, or the borrower voluntarily conveying all interest in the real estate property to the lender to satisfy the loan through a deed in lieu of foreclosure or similar legal agreement. The requirements of ASU 2014-04 are effective for reporting periods beginning after December 15, 2014. The adoption of this update will not have an impact on the financial statements, results of operations or liquidity of the Corporation since the Corporation already accounts for foreclosures according to the requirements of this update.

Investments in Qualified Affordable Housing Projects

In January 2014, the FASB issued ASU No. 2014-01, Accounting for Investments in Qualified Affordable Housing Projects, to revise the accounting for investments in qualified affordable housing projects. This update modifies the conditions that must be met to present the pretax effects and related tax benefits of such investments as a component of income taxes (“net” within income tax expense). It is expected that the new guidance will enable more investors to use a “net” presentation for investments in qualified affordable housing projects. Investors that do not qualify for “net” presentation under the new guidance will continue to account for such investments under the equity method or cost method, which results in losses recognized in pretax income and tax benefits recognized in income taxes (“gross” presentation of investment results). For investments that qualify for the “net” presentation of investment performance, the guidance introduces a “proportional amortization method” that can be elected to amortize the investment basis. If elected, the method is required for all eligible investments in qualified affordable housing projects. The requirements of ASU 2014-01 are effective for reporting periods beginning after December 15, 2014, with early adoption permitted. The adoption of this update is not expected to have a material effect on the financial statements, results of operations or liquidity of the Corporation.

Income Taxes

In July 2013, the FASB issued ASU No. 2013-11, Presentation of an Unrecognized Tax Benefit When a Net Operating Loss Carryforward, a Similar Tax Loss, or a Tax Credit Carryforward Exists, to provide guidance on the financial statement presentation of certain unrecognized tax benefits. An unrecognized tax benefit or a portion of an unrecognized tax benefit should be presented in the financial statements as a reduction to a deferred tax asset for a net operating loss carryforward, a similar tax loss or a tax credit carryforward with certain exceptions related to availability. The requirements of ASU 2013-11 are effective prospectively for reporting periods beginning after December 15, 2013, with early adoption permitted. The adoption of this update did not have a material effect on the financial statements, results of operations or liquidity of the Corporation.

9

SECURITIES

The amortized cost and fair value of securities are as follows:

	Amortized Cost		Gross Unrealized Gains		Gross Unrealized Losses			Fair Value
Securities Available for Sale:
March 31, 2014
U.S. government-sponsored entities	$	268,330	$	50	$	(3,699	)	$	264,681
Residential mortgage-backed securities:
Agency mortgage-backed securities		352,209		4,637		(905	)		355,941
Agency collateralized mortgage obligations		622,060		1,335		(13,643	)		609,752
Non-agency collateralized mortgage obligations		1,661		18		—			1,679
Commercial mortgage-backed securities		9,153		—		(24	)		9,129
States of the U.S. and political subdivisions		14,216		438		(149	)		14,505
Other debt securities		16,532		569		(861	)		16,240
Total debt securities		1,284,161		7,047		(19,281	)		1,271,927
Equity securities		1,444		699		—			2,143
	$	1,285,605	$	7,746	$	(19,281	)	$	1,274,070
December 31, 2013
U.S. government-sponsored entities	$	336,763	$	126	$	(5,904	)	$	330,985
Residential mortgage-backed securities:
Agency mortgage-backed securities		247,880		4,304		(1,303	)		250,881
Agency collateralized mortgage obligations		511,098		895		(20,794	)		491,199
Non-agency collateralized mortgage obligations		1,747		15		—			1,762
States of the U.S. and political subdivisions		16,842		410		(250	)		17,002
Collateralized debt obligations		37,203		4,507		(10,115	)		31,595
Other debt securities		16,505		524		(929	)		16,100
Total debt securities		1,168,038		10,781		(39,295	)		1,139,524
Equity securities		1,444		682		—			2,126
	$	1,169,482	$	11,463	$	(39,295	)	$	1,141,650
Securities Held to Maturity:
March 31, 2014
U.S. Treasury	$	502	$	123	$	—		$	625
U.S. government-sponsored entities		101,787		181		(1,284	)		100,684
Residential mortgage-backed securities:
Agency mortgage-backed securities		725,154		12,529		(3,817	)		733,866
Agency collateralized mortgage obligations		452,909		1,225		(11,976	)		442,158
Non-agency collateralized mortgage obligations		6,352		24		—			6,376
Commercial mortgage-backed securities		2,236		121		(15	)		2,342
States of the U.S. and political subdivisions		131,506		2,392		(955	)		132,943
	$	1,420,446	$	16,595	$	(18,047	)	$	1,418,994
December 31, 2013
U.S. Treasury	$	503	$	99	$	—		$	602
U.S. government-sponsored entities		43,322		180		(1,151	)		42,351
Residential mortgage-backed securities:
Agency mortgage-backed securities		628,681		12,281		(6,032	)		634,930
Agency collateralized mortgage obligations		385,408		764		(15,844	)		370,328
Non-agency collateralized mortgage obligations		6,852		44		(4	)		6,892
Commercial mortgage-backed securities		2,241		124		(37	)		2,328
States of the U.S. and political subdivisions		132,162		1,992		(2,022	)		132,132
	$	1,199,169	$	15,484	$	(25,090	)	$	1,189,563

10

The Corporation classifies securities as trading securities when management intends to sell such securities in the near term. Such securities are carried at fair value, with unrealized gains (losses) reflected through the consolidated statements of comprehensive income. The Corporation classified certain securities acquired in conjunction with the BCSB, PVF and ANNB acquisitions as trading securities. The Corporation both acquired and sold these trading securities during the quarterly periods in which each of the acquisitions occurred. As of March 31, 2014 and December 31, 2013, the Corporation did not hold any trading securities.

Gross gains and gross losses were realized on securities as follows:

	Three Months Ended
	March 31,
	2014			2013
Gross gains	$	18,009		$	1,032
Gross losses		(8,548	)		(348	)
	$	9,461		$	684

During the first quarter of 2014, the Corporation strategically sold its entire portfolio of pooled trust preferred securities (TPS) with net proceeds of $51,540 and a gain of $13,766. Of the 23 pooled securities sold, one was determined to be a disallowed investment under the Volcker Rule (Section 619) of the Dodd-Frank Wall Street Reform and Consumer Protection Act of 2010 (Dodd-Frank Act), and as such, was required to be disposed of by July 2015. By selling these securities, the Corporation strengthened the risk profile of its investment portfolio, improved its capital levels due to lowered risk-weighted assets and generated leverageable capital to support future growth.

As of March 31, 2014, the amortized cost and fair value of securities, by contractual maturities, were as follows:

	Available for Sale				Held to Maturity
	Amortized Cost		Fair Value		Amortized Cost		Fair Value
Due in one year or less	$	—	$	—	$	2,716	$	2,766
Due from one to five years		209,466		207,689		77,526		76,567
Due from five to ten years		82,024		80,998		85,763		86,428
Due after ten years		7,588		6,739		67,790		68,491
		299,078		295,426		233,795		234,252
Residential mortgage-backed securities:
Agency mortgage-backed securities		352,209		355,941		725,154		733,866
Agency collateralized mortgage obligations		622,060		609,752		452,909		442,158
Non-agency collateralized mortgage obligations		1,661		1,679		6,352		6,376
Commercial mortgage-backed securities		9,153		9,129		2,236		2,342
Equity securities		1,444		2,143		—		—
	$	1,285,605	$	1,274,070	$	1,420,446	$	1,418,994

Maturities may differ from contractual terms because borrowers may have the right to call or prepay obligations with or without penalties. Periodic payments are received on mortgage-backed securities based on the payment patterns of the underlying collateral.

At March 31, 2014 and December 31, 2013, securities with a carrying value of $946,173 and $909,548, respectively, were pledged to secure public deposits, trust deposits and for other purposes as required by law. Securities with a carrying value of $811,881 and $860,279 at March 31, 2014 and December 31, 2013, respectively, were pledged as collateral for short-term borrowings.

11

Following are summaries of the fair values and unrealized losses of securities, segregated by length of impairment:

	Less than 12 Months							12 Months or More							Total
	#		Fair Value		Unrealized Losses			#		Fair Value		Unrealized Losses			#		Fair Value		Unrealized Losses
Securities Available for Sale:
March 31, 2014
U.S. government-sponsored entities		18	$	249,631	$	(3,699	)		—	$	—	$	—			18	$	249,631	$	(3,699	)
Residential mortgage-backed securities:
Agency mortgage-backed securities		11		177,722		(905	)		—		—		—			11		177,722		(905	)
Agency collateralized mortgage obligations		24		398,335		(9,937	)		4		68,266		(3,706	)		28		466,601		(13,643	)
Commercial mortgage-backed securities		1		9,129		(24	)		—		—		—			1		9,129		(24	)
States of the U.S. and political subdivisions		2		3,123		(149	)		—		—		—			2		3,123		(149	)
Other debt securities		—		—		—			4		6,020		(861	)		4		6,020		(861	)
		56	$	837,940	$	(14,714	)		8	$	74,286	$	(4,567	)		64	$	912,226	$	(19,281	)
December 31, 2013
U.S. government-sponsored entities		17	$	232,962	$	(5,904	)		—	$	—	$	—			17	$	232,962	$	(5,904	)
Residential mortgage-backed securities:
Agency mortgage-backed securities		9		108,284		(1,303	)		—		—		—			9		108,284		(1,303	)
Agency collateralized mortgage obligations		26		389,989		(18,644	)		2		34,229		(2,150	)		28		424,218		(20,794	)
States of the U.S. and political subdivisions		2		3,022		(250	)		—		—		—			2		3,022		(250	)
Collateralized debt obligations		—		—		—			8		7,965		(10,115	)		8		7,965		(10,115	)
Other debt securities		—		—		—			4		5,950		(929	)		4		5,950		(929	)
		54	$	734,257	$	(26,101	)		14	$	48,144	$	(13,194	)		68	$	782,401	$	(39,295	)
Securities Held to Maturity:
March 31, 2014
U.S. government-sponsored entities		7	$	73,748	$	(788	)		1	$	14,504	$	(496	)		8	$	88,252	$	(1,284	)
Residential mortgage-backed securities:
Agency mortgage-backed securities		23		347,721		(3,745	)		1		1,304		(72	)		24		349,025		(3,817	)
Agency collateralized mortgage obligations		20		249,082		(8,442	)		4		66,850		(3,534	)		24		315,932		(11,976	)
Commercial mortgage-backed securities		1		1,005		(15	)		—		—		—			1		1,005		(15	)
States of the U.S. and political subdivisions		21		27,262		(955	)		—		—		—			21		27,262		(955	)
		72	$	698,818	$	(13,945	)		6	$	82,658	$	(4,102	)		78	$	781,476	$	(18,047	)
December 31, 2013
U.S. government-sponsored entities		2	$	24,513	$	(530	)		1	$	14,378	$	(621	)		3	$	38,891	$	(1,151	)
Residential mortgage-backed securities:
Agency mortgage-backed securities		24		308,864		(5,942	)		1		1,296		(90	)		25		310,160		(6,032	)
Agency collateralized mortgage obligations		21		301,312		(15,844	)		—		—		—			21		301,312		(15,844	)
Non-agency collateralized mortgage obligations		3		2,010		(4	)		—		—		—			3		2,010		(4	)
Commercial mortgage-backed securities		1		984		(37	)		—		—		—			1		984		(37	)
States of the U.S. and political subdivisions		27		31,537		(2,022	)		—		—		—			27		31,537		(2,022	)
		78	$	669,220	$	(24,379	)		2	$	15,674	$	(711	)		80	$	684,894	$	(25,090	)

The Corporation does not intend to sell the debt securities and it is not more likely than not the Corporation will be required to sell the securities before recovery of their amortized cost basis.

12

The Corporation’s unrealized losses on collateralized debt obligations (CDOs) as of December 31, 2013 related to investments in pooled TPS, all of which were sold during the first quarter of 2014 as previously noted. The Corporation’s remaining portfolio of TPS consists of four single-issuer securities, which are primarily from money-center and large regional banks and are included in other debt securities. These single-issuer TPS had an amortized cost and estimated fair value of $6,881 and $6,020 at March 31, 2014, respectively. The Corporation has concluded from its analysis performed at March 31, 2014 that it is probable that the Corporation will collect all contractual principal and interest payments related to these securities.

Other-Than-Temporary Impairment

The Corporation evaluates its investment securities portfolio for other-than-temporary impairment (OTTI) on a quarterly basis. Impairment is assessed at the individual security level. The Corporation considers an investment security impaired if the fair value of the security is less than its cost or amortized cost basis. The following table presents a summary of the cumulative credit-related OTTI charges recognized as components of earnings for securities for which a portion of an OTTI is recognized in other comprehensive income:

	Collateralized Debt Obligations			Residential Non-Agency CMOs			Equities		Total
For the Three Months Ended March 31, 2014
Beginning balance	$	17,155		$	—		$	27	$	17,182
Loss where impairment was not previously recognized		—			—			—		—
Additional loss where impairment was previously recognized		—			—			—		—
Reduction due to credit impaired securities sold		(17,155	)		—			—		(17,155	)
Ending balance	$	—		$	—		$	27	$	27
For the Three Months Ended March 31, 2013
Beginning balance	$	17,155		$	212			—	$	17,367
Loss where impairment was not previously recognized		—			—			—		—
Additional loss where impairment was previously recognized		—			—			—		—
Reduction due to credit impaired securities sold		—			(212	)		—		(212	)
Ending balance	$	17,155		$	—			—	$	17,155

The Corporation did not recognize any impairment losses on securities for the three months ended March 31, 2014 or 2013.

States of the U.S. and Political Subdivisions

The Corporation’s municipal bond portfolio of $146,011 as of March 31, 2014 is highly rated with an average entity-specific rating of AA and 98.5% of the portfolio rated A or better. General obligation bonds comprise 98.9% of the portfolio. Geographically, municipal bonds support the Corporation’s footprint as 80.9% of the securities are from municipalities located throughout Pennsylvania. The average holding size of the securities in the municipal bond portfolio is $1,000. In addition to the strong stand-alone ratings, 69.2% of the municipalities have purchased credit enhancement insurance to strengthen the creditworthiness of their issue. Management also reviews the credit profile of each issuer on a quarterly basis.

FEDERAL HOME LOAN BANK STOCK

The Corporation is a member of the Federal Home Loan Bank (FHLB) of Pittsburgh. The FHLB requires members to purchase and hold a specified minimum level of FHLB stock based upon their level of borrowings, collateral balances and participation in other programs offered by the FHLB. Stock in the FHLB is non-marketable and is redeemable at the discretion of the FHLB. Both cash and stock dividends on FHLB stock are reported as income.

Members do not purchase stock in the FHLB for the same reasons that traditional equity investors acquire stock in an investor-owned enterprise. Rather, members purchase stock to obtain access to the low-cost products and services offered by the FHLB. Unlike equity securities of traditional for-profit enterprises, the stock of FHLB does not provide its holders with an opportunity for capital appreciation because, by regulation, FHLB stock can only be purchased, redeemed and transferred at par value.

13

At March 31, 2014 and December 31, 2013, the Corporation’s FHLB stock totaled $24,636 and $23,636, respectively, and is included in other assets on the balance sheet. The Corporation accounts for the stock in accordance with ASC 325, which requires the investment to be carried at cost and evaluated for impairment based on the ultimate recoverability of the par value. Due to the continued improvement of the FHLB’s financial performance and stability over the past several years, the Corporation believes its holdings in the stock are ultimately recoverable at par value and, therefore, determined that FHLB stock was not other-than-temporarily impaired. In addition, the Corporation has ample liquidity and does not require redemption of its FHLB stock in the foreseeable future.

LOANS AND ALLOWANCE FOR LOAN LOSSES

Following is a summary of loans, net of unearned income:

	Originated Loans		Acquired Loans		Total Loans
March 31, 2014
Commercial real estate	$	2,677,152	$	787,446	$	3,464,598
Commercial and industrial		1,848,332		116,733		1,965,065
Commercial leases		161,494		—		161,494
Total commercial loans and leases		4,686,978		904,179		5,591,157
Direct installment		1,386,940		80,618		1,467,558
Residential mortgages		688,038		447,752		1,135,790
Indirect installment		674,347		4,571		678,918
Consumer lines of credit		848,883		161,618		1,010,501
Other		59,212		—		59,212
	$	8,344,398		1,598,738	$	9,943,136
December 31, 2013
Commercial real estate	$	2,640,428	$	604,781	$	3,245,209
Commercial and industrial		1,761,668		119,806		1,881,474
Commercial leases		158,895		—		158,895
Total commercial loans and leases		4,560,991		724,587		5,285,578
Direct installment		1,387,995		79,241		1,467,236
Residential mortgages		678,227		408,512		1,086,739
Indirect installment		649,701		5,886		655,587
Consumer lines of credit		832,668		133,103		965,771
Other		45,183		—		45,183
	$	8,154,765	$	1,351,329	$	9,506,094

The carrying amount of acquired loans at March 31, 2014 totaled $1,593,642, including purchased credit-impaired (PCI) loans with a carrying amount of $14,513, while the carrying amount of acquired loans at December 31, 2013 totaled $1,345,429, including PCI loans with a carrying amount of $21,192. The outstanding contractual balance receivable of acquired loans at March 31, 2014 totaled $1,704,889, including PCI loans with an outstanding contractual balance receivable of $46,809, while the outstanding contractual balance receivable of acquired loans at December 31, 2013 totaled $1,449,227, including PCI loans with an outstanding contractual balance receivable of $56,500.

Commercial real estate includes both owner-occupied and non-owner-occupied loans secured by commercial properties. Commercial and industrial includes loans to businesses that are not secured by real estate. Commercial leases consist of loans for new or used equipment. Direct installment is comprised of fixed-rate, closed-end consumer loans for personal, family or household use, such as home equity loans and automobile loans. Residential mortgages consist of conventional and jumbo mortgage loans for non-commercial properties. Indirect installment is comprised of loans originated by third parties and underwritten by the Corporation, primarily automobile loans. Consumer lines of credit include home equity lines of credit (HELOC) and consumer lines of credit that are either unsecured or secured by collateral other than home equity. Other is comprised primarily of mezzanine loans and student loans.

The loan portfolio consists principally of loans to individuals and small- and medium-sized businesses within the Corporation’s primary market area of Pennsylvania, eastern Ohio, Maryland and northern West Virginia. The commercial real estate portfolio also includes run-off loans in Florida, which totaled $39,118 or 0.4% of total loans at March 31, 2014, compared to $39,379 or 0.4% of total loans at December 31, 2013. Additionally, the total loan portfolio contains consumer finance loans to individuals in Pennsylvania, Ohio, Tennessee and Kentucky, which totaled $171,228 or 1.7% of total loans at March 31, 2014, compared to $179,970 or 1.9% of total loans at December 31, 2013. Due to the relative size of the consumer finance loan portfolio, they are not segregated from other consumer loans.

14

As of March 31, 2014, 42.0% of the commercial real estate loans were owner-occupied, while the remaining 58.0% were non-owner-occupied, compared to 43.1% and 56.9%, respectively, as of December 31, 2013. As of March 31, 2014 and December 31, 2013, the Corporation had commercial construction loans of $270,913 and $252,842, respectively, representing 2.7% of total loans.

ASC 310-30 Loans

All loans acquired in the BCSB, PVF and ANNB acquisitions, except for revolving loans, are accounted for in accordance with ASC 310-30. Revolving loans are accounted for under ASC 310-20. The Corporation’s allowance for loan losses for acquired loans reflects only those losses incurred after acquisition.

The following table reflects amounts at acquisition for all purchased loans subject to ASC 310-30 (impaired and non-impaired) acquired from PVF and ANNB in 2013. ASC 310-30 (impaired and non-impaired) loans acquired from BCSB in 2014 are not presented because their values are expected to be immaterial, are preliminary in nature and are subject to refinement as additional information becomes available.

	Acquired Impaired Loans			Acquired Performing Loans			Total
Acquired from PVF and ANNB in 2013
Contractually required cash flows at acquisition	$	40,972		$	796,114		$	837,086
Non-accretable difference (expected losses and foregone interest)		(23,207	)		(52,992	)		(76,199	)
Cash flows expected to be collected at acquisition		17,765			743,122			760,887
Accretable yield		(2,505	)		(112,847	)		(115,352	)
Basis in acquired loans at acquisition	$	15,260		$	630,275		$	645,535

The following table provides a summary of change in accretable yield for all acquired loans, excluding loans from the BCSB acquisition.

	Acquired Impaired Loans			Acquired Performing Loans			Total
Three Months Ended March 31, 2014
Balance at beginning of period	$	7,456		$	298,190		$	305,646
Acquisitions		—			—			—
Reduction due to unexpected early payoffs		—			(12,694	)		(12,694	)
Reclass from non-accretable difference		332			436			768
Disposals/transfers		(759	)		(185	)		(944	)
Accretion		(1,264	)		(14,649	)		(15,913	)
Balance at end of period	$	5,765		$	271,098		$	276,863
Year Ended December 31, 2013
Balance at beginning of period	$	778		$	253,375		$	254,153
Acquisitions		2,505			112,847			115,352
Reduction due to unexpected early payoffs		—			(42,582	)		(42,582	)
Reclass from non-accretable difference		8,097			8,296			16,393
Disposals/transfers		(368	)		(224	)		(592	)
Accretion		(3,556	)		(33,522	)		(37,078	)
Balance at end of period	$	7,456		$	298,190		$	305,646

15

Purchased Credit-Impaired (PCI) Loans

The Corporation has acquired loans for which there was evidence of deterioration of credit quality since origination and for which it was probable, at acquisition, that all contractually required payments would not be collected.

Following is information about PCI loans. The table below does not include impaired loans from the BCSB acquisition because their values are expected to be immaterial, are preliminary in nature and are subject to refinement as additional information becomes available.

	Outstanding Balance			Non-Accretable Difference			Expected Cash Flows			Accretable Yield			Recorded Investment
For the Three Months Ended March 31, 2014
Balance at beginning of period	$	56,500		$	(26,852	)	$	29,648		$	(7,456	)	$	22,192
Acquisitions		—			—			—			—			—
Accretion		—			—			—			1,264			1,264
Payments received		(8,040	)		437			(7,603	)		—			(7,603	)
Reclass from non-accretable difference		—			332			332			(332	)		—
Disposals/transfers		(2,520	)		1,129			(1,391	)		759			(632	)
Contractual interest		869			(869	)		—			—			—
Balance at end of period	$	46,809		$	(25,823	)	$	20,896		$	(5,765	)	$	15,221
For the Year Ended December 31, 2013
Balance at beginning of period	$	41,134		$	(23,733	)	$	17,401		$	(778	)	$	16,623
Acquisitions		42,031			(24,266	)		17,765			(2,505	)		15,260
Accretion		—			—			—			3,556			3,556
Payments received		(10,670	)		1,345			(9,325	)		—			(9,325	)
Reclass from non-accretable difference		—			8,097			8,097			(8,097	)		—
Disposals/transfers		(18,695	)		14,405			(4,290	)		368			(3,922	)
Contractual interest		2,700			(2,700	)		—			—			—
Balance at end of period	$	56,500		$	(26,852	)	$	29,648		$	(7,456	)	$	22,192

The accretion in the table above includes $242 in 2014 and $440 in 2013 that primarily represents payoffs received on certain loans in excess of expected cash flows.

Credit Quality

Management monitors the credit quality of the Corporation’s loan portfolio on an ongoing basis. Measurement of delinquency and past due status are based on the contractual terms of each loan.

Non-performing loans include non-accrual loans and non-performing troubled debt restructurings (TDRs). Past due loans are reviewed on a monthly basis to identify loans for non-accrual status. The Corporation places a loan on non-accrual status and discontinues interest accruals on originated loans generally when principal or interest is due and has remained unpaid for a certain number of days unless the loan is both well secured and in the process of collection. Commercial loans are placed on non-accrual at 90 days, installment loans are placed on non-accrual at 120 days and residential mortgages and consumer lines of credit are generally placed on non-accrual at 180 days. When a loan is placed on non-accrual status, all unpaid interest is reversed. Non-accrual loans may not be restored to accrual status until all delinquent principal and interest have been paid and the ultimate ability to collect the remaining principal and interest is reasonably assured. TDRs are loans in which the borrower has been granted a concession on the interest rate or the original repayment terms due to financial distress. Non-performing assets also include debt securities on which OTTI has been taken in the current or prior periods that have not been returned to accrual status.

16

Following is a summary of non-performing assets:

	March 31, 2014			December 31, 2013
Non-accrual loans	$	60,039		$	58,755
Troubled debt restructurings		19,384			18,698
Total non-performing loans		79,423			77,453
Other real estate owned (OREO)		43,216			40,681
Total non-performing loans and OREO		122,639			118,134
Non-performing investments		—			797
Total non-performing assets	$	122,639		$	118,931
Asset quality ratios:
Non-performing loans as a percent of total loans		0.80	%		0.81	%
Non-performing loans + OREO as a percent of total loans + OREO		1.23	%		1.24	%
Non-performing assets as a percent of total assets		0.85	%		0.88	%

The following tables provide an analysis of the aging of the Corporation’s past due loans by class, segregated by loans originated and loans acquired:

	30-89 Days Past Due		>90 Days Past Due and Still Accruing		Non- Accrual		Total Past Due		Current		Total Loans
Originated loans:
March 31, 2014
Commercial real estate	$	6,297	$	243	$	43,385	$	49,925	$	2,627,227	$	2,677,152
Commercial and industrial		2,564		8		4,194		6,766		1,841,566		1,848,332
Commercial leases		1,150		—		744		1,894		159,600		161,494
Total commercial loans and leases		10,011		251		48,323		58,585		4,628,393		4,686,978
Direct installment		7,893		2,876		6,405		17,174		1,369,766		1,386,940
Residential mortgages		8,591		1,406		3,521		13,518		674,520		688,038
Indirect installment		3,762		240		1,259		5,261		669,086		674,347
Consumer lines of credit		2,207		685		531		3,423		845,460		848,883
Other		26		9		—		35		59,177		59,212
	$	32,490	$	5,467	$	60,039	$	97,996	$	8,246,402	$	8,344,398
December 31, 2013
Commercial real estate	$	5,428	$	252	$	40,960	$	46,640	$	2,593,788	$	2,640,428
Commercial and industrial		2,066		8		6,643		8,717		1,752,951		1,761,668
Commercial leases		714		—		734		1,448		157,447		158,895
Total commercial loans and leases		8,208		260		48,337		56,805		4,504,186		4,560,991
Direct installment		9,038		3,753		4,686		17,477		1,370,518		1,387,995
Residential mortgages		12,681		2,401		4,260		19,342		658,885		678,227
Indirect installment		5,653		471		1,060		7,184		642,517		649,701
Consumer lines of credit		1,737		1,076		412		3,225		829,443		832,668
Other		25		10		—		35		45,148		45,183
	$	37,342	$	7,971	$	58,755	$	104,068	$	8,050,697	$	8,154,765

17

	30-89 Days Past Due		> 90 Days Past Due and Still Accruing		Non- Accrual		Total Past Due (1)		Current		Discount			Total Loans
Acquired Loans:
March 31, 2014
Commercial real estate	$	23,180	$	31,063		—	$	54,243	$	790,425	$	(57,222	)	$	787,446
Commercial and industrial		726		5,296		—		6,022		119,541		(8,830	)		116,733
Commercial leases		—		—		—		—		—		—			—
Total commercial loans and leases		23,906		36,359		—		60,265		909,966		(66,052	)		904,179
Direct installment		1,112		957		—		2,069		76,628		1,921			80,618
Residential mortgages		8,514		20,886		—		29,400		452,306		(33,954	)		447,752
Indirect installment		101		31		—		132		5,032		(593	)		4,571
Consumer lines of credit		1,035		3,396		—		4,431		164,660		(7,473	)		161,618
Other		—		—		—		—		—		—			—
	$	34,668	$	61,629		—	$	96,297	$	1,608,592	$	(106,151	)	$	1,598,738
December 31, 2013
Commercial real estate	$	13,637	$	20,668		—	$	34,305	$	619,197	$	(48,721	)	$	604,781
Commercial and industrial		1,860		1,899		—		3,759		124,415		(8,368	)		119,806
Commercial leases		—		—		—		—		—		—			—
Total commercial loans and leases		15,497		22,567		—		38,064		743,612		(57,089	)		724,587
Direct installment		1,447		1,178		—		2,625		74,917		1,699			79,241
Residential mortgages		11,464		19,298		—		30,762		412,704		(34,954	)		408,512
Indirect installment		205		31		—		236		6,267		(617	)		5,886
Consumer lines of credit		1,592		2,749		—		4,341		135,699		(6,937	)		133,103
Other		—		—		—		—		—		—			—
	$	30,205	$	45,823		—	$	76,028	$	1,373,199	$	(97,898	)	$	1,351,329

(1) Past due information for loans acquired is based on the contractual balance outstanding at March 31, 2014 and December 31, 2013.

The Corporation utilizes the following categories to monitor credit quality within its commercial loan portfolio:

Rating Category	Definition
Pass	in general, the condition of the borrower and the performance of the loan is satisfactory or better
Special Mention	in general, the condition of the borrower has deteriorated, requiring an increased level of monitoring
Substandard	in general, the condition of the borrower has significantly deteriorated and the performance of the loan could further deteriorate if deficiencies are not corrected
Doubtful	in general, the condition of the borrower has significantly deteriorated and the collection in full of both principal and interest is highly questionable or improbable

The use of these internally assigned credit quality categories within the commercial loan portfolio permits management’s use of migration and roll rate analysis to estimate a quantitative portion of credit risk. The Corporation’s internal credit risk grading system is based on past experiences with similarly graded loans and conforms with regulatory categories. In general, loan risk ratings within each category are reviewed on an ongoing basis according to the Corporation’s policy for each class of loans. Each quarter, management analyzes the resulting ratings, as well as other external statistics and factors such as delinquency, to track the migration performance of the commercial loan portfolio. Loans within the Pass credit category or that migrate toward the Pass credit category generally have a lower risk of loss compared to loans that migrate toward the Substandard or Doubtful credit categories. Accordingly, management applies higher risk factors to Substandard and Doubtful credit categories.

18

The following tables present a summary of the Corporation’s commercial loans by credit quality category, segregated by loans originated and loans acquired:

	Commercial Loan Credit Quality Categories
	Pass		Special Mention		Substandard		Doubtful		Total
Originated Loans:
March 31, 2014
Commercial real estate	$	2,501,710	$	70,417	$	103,838	$	1,187	$	2,677,152
Commercial and industrial		1,688,867		97,558		61,642		265		1,848,332
Commercial leases		158,289		2,182		1,023		—		161,494
	$	4,348,866	$	170,157	$	166,503	$	1,452	$	4,686,978
December 31, 2013
Commercial real estate	$	2,476,988	$	56,140	$	106,599	$	701	$	2,640,428
Commercial and industrial		1,611,530		97,675		52,322		141		1,761,668
Commercial leases		155,991		1,945		959		—		158,895
	$	4,244,509	$	155,760	$	159,880	$	842	$	4,560,991
Acquired Loans:
March 31, 2014
Commercial real estate	$	575,859	$	94,461	$	111,306	$	5,820	$	787,446
Commercial and industrial		98,716		4,265		13,702		50		116,733
Commercial leases		—		—		—		—		—
	$	674,575	$	98,726	$	125,008	$	5,870	$	904,179
December 31, 2013
Commercial real estate	$	442,604	$	74,315	$	85,086	$	2,776	$	604,781
Commercial and industrial		100,743		6,182		12,866		15		119,806
Commercial leases		—		—		—		—		—
	$	543,347	$	80,497	$	97,952	$	2,791	$	724,587

Credit quality information for acquired loans is based on the contractual balance outstanding at March 31, 2014 and December 31, 2013. The increase in acquired loans in 2014 primarily relates to the BCSB acquisition on February 15, 2014.

The Corporation uses payment status and delinquency migration analysis within the consumer and other loan classes to enable management to estimate a quantitative portion of credit risk. Each month, management analyzes payment and volume activity, as well as other external statistics and factors such as unemployment, to determine how consumer loans are performing.

19

Following is a table showing originated consumer loans by payment status:

	Consumer Loan Credit Quality by Payment Status
	Performing		Non-Performing		Total
March 31, 2014
Direct installment	$	1,374,893	$	12,047	$	1,386,940
Residential mortgages		674,077		13,961		688,038
Indirect installment		672,948		1,399		674,347
Consumer lines of credit		847,961		922		848,883
Other		59,212		—		59,212
December 31, 2013
Direct installment	$	1,377,418	$	10,577	$	1,387,995
Residential mortgages		664,214		14,013		678,227
Indirect installment		648,499		1,202		649,701
Consumer lines of credit		832,071		597		832,668
Other		45,183		—		45,183

Loans are designated as impaired when, in the opinion of management, based on current information and events, the collection of principal and interest in accordance with the loan contract is doubtful. Typically, the Corporation does not consider loans for impairment unless a sustained period of delinquency (i.e., 90-plus days) is noted or there are subsequent events that impact repayment probability (i.e., negative financial trends, bankruptcy filings, imminent foreclosure proceedings, etc.). Impairment is evaluated in the aggregate for consumer installment loans, residential mortgages, consumer lines of credit, commercial leases and commercial loan relationships less than $500. For commercial loan relationships greater than or equal to $500, a specific valuation allowance is allocated, if necessary, so that the loan is reported net, at the present value of estimated future cash flows using a market interest rate or at the fair value of collateral if repayment is expected solely from the collateral. Consistent with the Corporation’s existing method of income recognition for loans, interest on impaired loans, except those classified as non-accrual, is recognized as income using the accrual method. Impaired loans, or portions thereof, are charged off when deemed uncollectible.

20

Following is a summary of information pertaining to originated loans considered to be impaired, by class of loans:

	Recorded Investment		Unpaid Principal Balance		Specific Related Allowance		Average Recorded Investment
At or For the Three Months Ended March 31, 2014
With no specific allowance recorded:
Commercial real estate	$	36,987	$	50,287	$	—	$	38,730
Commercial and industrial		4,972		6,613		—		6,136
Commercial leases		744		744		—		739
Total commercial loans and leases		42,703		57,644		—		45,605
Direct installment		12,047		12,150		—		11,312
Residential mortgages		13,961		14,507		—		88,787
Indirect installment		1,399		2,861		—		1,301
Consumer lines of credit		922		1,000		—		760
Other		—		—		—		—
With a specific allowance recorded:
Commercial real estate		9,344		19,951		1,087		6,474
Commercial and industrial		181		190		181		152
Commercial leases		—		—		—		—
Total commercial loans and leases		9,525		20,141		1,268		6,626
Direct installment		—		—		—		—
Residential mortgages		—		—		—		—
Indirect installment		—		—		—		—
Consumer lines of credit		—		—		—		—
Other		—		—		—		—
Total:
Commercial real estate		46,331		70,238		1,087		45,204
Commercial and industrial		5,153		6,803		181		6,288
Commercial leases		744		744		—		739
Total commercial loans and leases		52,228		77,785		1,268		52,231
Direct installment		12,047		12,150		—		11,312
Residential mortgages		13,961		14,507		—		88,787
Indirect installment		1,399		2,861		—		1,301
Consumer lines of credit		922		1,000		—		760
Other		—		—		—		—

21

	Recorded Investment		Unpaid Principal Balance		Specific Related Allowance		Average Recorded Investment
At or For the Year Ended December 31, 2013
With no specific allowance recorded:
Commercial real estate	$	40,472	$	62,034	$	—	$	37,376
Commercial and industrial		7,301		8,669		—		8,304
Commercial leases		734		734		—		758
Total commercial loans and leases		48,507		71,437		—		46,438
Direct installment		10,577		10,830		—		10,557
Residential mortgages		14,012		14,560		—		13,565
Indirect installment		1,202		2,633		—		1,127
Consumer lines of credit		597		668		—		573
Other		—		—		—		—
With a specific allowance recorded:
Commercial real estate		3,603		3,818		701		14,379
Commercial and industrial		122		130		123		126
Commercial leases		—		—		—		—
Total commercial loans and leases		3,725		3,948		824		14,505
Direct installment		—		—		—		—
Residential mortgages		—		—		—		—
Indirect installment		—		—		—		—
Consumer lines of credit		—		—		—		—
Other		—		—		—		—
Total:
Commercial real estate		44,075		65,852		701		51,755
Commercial and industrial		7,423		8,799		123		8,430
Commercial leases		734		734		—		758
Total commercial loans and leases		52,232		75,385		824		60,943
Direct installment		10,577		10,830		—		10,557
Residential mortgages		14,012		14,560		—		13,565
Indirect installment		1,202		2,633		—		1,127
Consumer lines of credit		597		668		—		573
Other		—		—		—		—

Interest income is generally no longer recognized once a loan becomes impaired.

The above tables do not include PCI loans with a recorded investment of $15,221 at March 31, 2014 and $22,192 at December 31, 2013. These tables do not reflect the additional allowance for loan losses relating to acquired loans in the following pools and categories: commercial real estate of $2,612; commercial and industrial of $817; direct installment of $906; residential mortgages of $504; and indirect installment of $257, totaling $5,096 at March 31, 2014 and commercial real estate of $3,093; commercial and industrial of $786; direct installment of $727; residential mortgages of $970 and indirect installment of $324, totaling $5,900 at December 31, 2013.

Troubled Debt Restructurings

TDRs are loans whose contractual terms have been modified in a manner that grants a concession to a borrower experiencing financial difficulties. TDRs typically result from loss mitigation activities and could include the extension of a maturity date, interest rate reduction, principal forgiveness, deferral or decrease in payments for a period of time and other actions intended to minimize the economic loss and to avoid foreclosure or repossession of collateral.

22

Following is a summary of the composition of total TDRs:

	March 31, 2014		December 31, 2013
Accruing:
Performing	$	10,289	$	10,220
Non-performing		19,384		18,698
Non-accrual		12,389		12,705
	$	42,062	$	41,623

TDRs that are accruing and performing include loans that met the criteria for non-accrual of interest prior to restructuring for which the Corporation can reasonably estimate the timing and amount of the expected cash flows on such loans and for which the Corporation expects to fully collect the new carrying value of the loans. During the three months ended March 31, 2014, the Corporation returned to performing status $3,194 in restructured loans, all of which were secured by residential mortgages that have consistently met their modified obligations for more than six months. TDRs that are accruing and non-performing are comprised of consumer loans that have not demonstrated a consistent repayment pattern on the modified terms for more than six months, however it is expected that the Corporation will collect all future principal and interest payments. TDRs that are on non-accrual are not placed on accruing status until all delinquent principal and interest have been paid and the ultimate collectability of the remaining principal and interest is reasonably assured. Some loan modifications classified as TDRs may not ultimately result in the full collection of principal and interest, as modified, and result in potential incremental losses which are factored into the allowance for loan losses.

Excluding purchased impaired loans, commercial loans over $500 whose terms have been modified in a TDR are generally placed on non-accrual, individually analyzed and measured for estimated impairment based on the fair value of the underlying collateral. The Corporation’s allowance for loan losses included specific reserves for commercial TDRs of $523 and $561 at March 31, 2014 and December 31, 2013, respectively, and pooled reserves for individual loans under $500 of $188 and $193 for those same respective periods, based on historical loss experience. Upon default, the amount of the recorded investment in the TDR in excess of the fair value of the collateral less estimated selling costs is generally considered a confirmed loss and is charged-off against the allowance for loan losses.

All other classes of loans, which are primarily secured by residential properties, whose terms have been modified in a TDR are pooled and measured for estimated impairment based on the expected net present value of the estimated future cash flows of the pool. The Corporation’s allowance for loan losses included pooled reserves for these classes of loans of $1,026 and $1,005 at March 31, 2014 and December 31, 2013, respectively. Upon default of an individual loan, the Corporation’s charge-off policy is followed accordingly for that class of loan.

The majority of TDRs are the result of interest rate concessions for a limited period of time. Following is a summary of loans, by class, that have been restructured during the periods indicated:

	Three Months Ended March 31, 2014						Three Months Ended March 31, 2013
	Number of Contracts		Pre-Modification Outstanding Recorded Investment		Post- Modification Outstanding Recorded Investment		Number of Contracts		Pre-Modification Outstanding Recorded Investment		Post- Modification Outstanding Recorded Investment
Commercial real estate		1	$	188	$	188		5	$	1,029	$	905
Commercial and industrial		1		52		50		—		—		—
Commercial leases		—		—		—		—		—		—
Total commercial loans and leases		2		240		238		5		1,029		905
Direct installment		126		1,678		1,647		110		1,176		1,150
Residential mortgages		9		281		280		14		597		709
Indirect installment		7		17		16		10		56		56
Consumer lines of credit		7		255		255		9		173		172
Other		—		—		—		—		—		—
		151	$	2,471	$	2,436		148	$	3,031	$	2,992

23

Following is a summary of TDRs, by class of loans, for which there was a payment default, excluding loans that were either charged-off or cured by period end. Default occurs when a loan is 90 days or more past due and is within 12 months of restructuring.

	Three Months Ended March 31, 2014 (1)				Three Months Ended March 31, 2013 (1)
	Number of Contracts		Recorded Investment		Number of Contracts		Recorded Investment
Commercial real estate		—	$	—		—	$	—
Commercial and industrial		—		—		1		33
Commercial leases		—		—		—		—
Total commercial loans and leases		—		—		1		33
Direct installment		18		171		21		170
Residential mortgages		—		—		2		93
Indirect installment		1		—		4		18
Consumer lines of credit		—		—		—		—
Other		—		—		—		—
		19	$	171		28	$	314

(1) The recorded investment is as of period end.

Allowance for Loan Losses

The allowance for loan losses is established as losses are estimated to have occurred through a provision charged to earnings. Loan losses are charged against the allowance for loan losses when management believes the uncollectibility of a loan balance is confirmed. Subsequent recoveries, if any, are credited to the allowance for loan losses. Allowances for impaired loans are generally determined based on collateral values or the present value of estimated cash flows. Changes in the allowance for loan losses related to impaired loans are charged or credited to the provision for loan losses.

The allowance for loan losses is maintained at a level that, in management’s judgment, is believed adequate to absorb probable losses associated with specifically identified loans, as well as estimated probable credit losses inherent in the remainder of the loan portfolio. Adequacy of the allowance for loan losses is based on management’s evaluation of potential loan losses in the loan portfolio, which includes an assessment of past experience, current economic conditions in specific industries and geographic areas, general economic conditions, known and inherent risks in the loan portfolio, the estimated value of underlying collateral and residuals and changes in the composition of the loan portfolio. Determination of the allowance for loan losses is inherently subjective as it requires significant estimates, including the amounts and timing of expected future cash flows on impaired loans, estimated losses on pools of homogeneous loans based on historical loss experience and consideration of current environmental factors and economic trends, all of which are susceptible to significant change.

Credit impaired loans obtained through acquisitions are accounted for under the provisions of ASC 310-30. The Corporation also accounts for certain acquired loans considered performing at the time of acquisition by analogy to ASC 310-30. ASC 310-30 requires the initial recognition of acquired loans at the present value of amounts expected to be received. Any deterioration in the credit quality of acquired loans subsequent to acquisition would be considered in the allowance for loan losses.

24

Following is a summary of changes in the allowance for loan losses, by loan class:

	Balance at Beginning of Period		Charge- Offs			Recoveries		Net Charge- Offs			Provision for Loan Losses			Balance at End of Period
Three Months Ended March 31, 2014
Commercial real estate	$	32,548	$	(2,223	)	$	299	$	(1,924	)	$	7,910		$	38,534
Commercial and industrial		32,603		(513	)		370		(143	)		(2,489	)		29,971
Commercial leases		1,903		(87	)		29		(58	)		99			1,944
Total commercial loans and leases		67,054		(2,823	)		698		(2,125	)		5,520			70,449
Direct installment		17,824		(2,521	)		267		(2,254	)		1,060			16,630
Residential mortgages		5,836		(132	)		4		(128	)		(401	)		5,307
Indirect installment		6,409		(802	)		217		(585	)		676			6,500
Consumer lines of credit		7,231		(323	)		55		(268	)		695			7,658
Other		530		(262	)		5		(257	)		306			579
Total allowance on originated loans		104,884		(6,863	)		1,246		(5,617	)		7,856			107,123
Purchased credit-impaired loans		1,000		(249	)		—		(249	)		(43	)		708
Other acquired loans		4,900		9			286		295			(807	)		4,388
Total allowance on acquired loans		5,900		(240	)		286		46			(850	)		5,096
Total allowance	$	110,784	$	(7,103	)	$	1,532	$	(5,571	)	$	7,006		$	112,219
Three Months Ended March 31, 2013
Commercial real estate	$	34,810	$	(2,287	)	$	1,427	$	(860	)	$	6,062		$	40,012
Commercial and industrial		31,849		(208	)		356		148			(3,159	)		28,838
Commercial leases		1,744		(57	)		62		5			(53	)		1,696
Total commercial loans and leases		68,403		(2,552	)		1,845		(707	)		2,850			70,546
Direct installment		15,130		(2,345	)		233		(2,112	)		2,082			15,100
Residential mortgages		5,155		(209	)		29		(180	)		3			4,978
Indirect installment		5,449		(810	)		193		(617	)		320			5,152
Consumer lines of credit		6,057		(342	)		87		(255	)		243			6,045
Other		—		(177	)		—		(177	)		860			683
Total allowance on originated loans		100,194		(6,435	)		2,387		(4,048	)		6,358			102,504
Purchased credit-impaired loans		759		(156	)		—		(156	)		(20	)		583
Other acquired loans		3,421		(213	)		204		(9	)		1,203			4,615
Total allowance on acquired loans		4,180		(369	)		204		(165	)		1,183			5,198
Total allowance	$	104,374	$	(6,804	)	$	2,591	$	(4,213	)	$	7,541		$	107,702

25

Following is a summary of the individual and collective originated allowance for loan losses and corresponding loan balances by class:

	Allowance				Loans Outstanding
	Individually Evaluated for Impairment		Collectively Evaluated for Impairment		Loans		Individually Evaluated for Impairment		Collectively Evaluated for Impairment
March 31, 2014
Commercial real estate	$	1,087	$	37,446	$	2,677,152	$	34,062	$	2,643,090
Commercial and industrial		181		29,791		1,848,332		1,704		1,846,628
Commercial leases		—		1,945		161,494		—		161,494
Total commercial loans and leases		1,268		69,182		4,686,978		35,766		4,651,212
Direct installment		—		16,629		1,386,940		—		1,386,940
Residential mortgages		—		5,307		688,038		—		688,038
Indirect installment		—		6,500		674,347		—		674,347
Consumer lines of credit		—		7,658		848,883		—		848,883
Other		—		579		59,212		—		59,212
	$	1,268	$	105,855	$	8,344,398	$	35,766	$	8,308,632
December 31, 2013
Commercial real estate	$	701	$	31,847	$	2,640,428	$	30,133	$	2,610,295
Commercial and industrial		123		32,480		1,761,668		4,243		1,757,425
Commercial leases		—		1,903		158,895		—		158,895
Total commercial loans and leases		824		66,230		4,560,991		34,376		4,526,615
Direct installment		—		17,824		1,387,995		—		1,387,995
Residential mortgages		—		5,836		678,227		—		678,227
Indirect installment		—		6,409		649,701		—		649,701
Consumer lines of credit		—		7,231		832,668		—		832,668
Other		—		530		45,183		—		45,183
	$	824	$	104,060	$	8,154,765	$	34,376	$	8,120,389

BORROWINGS

Following is a summary of short-term borrowings:

	March 31, 2014		December 31, 2013
Securities sold under repurchase agreements	$	787,712	$	841,741
Federal funds purchased		300,000		270,000
Subordinated notes		128,912		129,498
	$	1,216,624	$	1,241,239

Securities sold under repurchase agreements is comprised of customer repurchase agreements, which are sweep accounts with next day maturities utilized by larger commercial customers to earn interest on their funds. Securities are pledged to these customers in an amount equal to the outstanding balance.

Following is a summary of long-term debt:

	March 31, 2014		December 31, 2013
Federal Home Loan Bank advances	$	150,073	$	50,076
Subordinated notes		85,679		84,637
Other subordinated debt		—		8,637
Convertible debt		—		578
	$	235,752	$	143,928

26

The Corporation’s banking affiliate has available credit with the FHLB of $3,574,396 of which $150,073 was used as of March 31, 2014. These advances are secured by loans collateralized by 1-4 family mortgages and FHLB stock and are scheduled to mature in various amounts periodically through the year 2019. Effective interest rates paid on these advances ranged from 0.95% to 4.19% for the three months ended March 31, 2014 and 1.06% to 4.19% for the year ended December 31, 2013.

JUNIOR SUBORDINATED DEBT

The Corporation has three unconsolidated subsidiary trusts as of March 31, 2014 (collectively, the Trusts): F.N.B. Statutory Trust II, Omega Financial Capital Trust I and BCSB Capital Trust II. One hundred percent of the common equity of each Trust is owned by the Corporation. The Trusts were formed for the purpose of issuing Corporation-obligated mandatorily redeemable capital securities (TPS) to third-party investors. The proceeds from the sale of TPS and the issuance of common equity by the Trusts were invested in junior subordinated debt securities (subordinated debt) issued by the Corporation, which are the sole assets of each Trust. Since third-party investors are the primary beneficiaries, the Trusts are not consolidated in the Corporation’s financial statements. The Trusts pay dividends on the TPS at the same rate as the distributions paid by the Corporation on the junior subordinated debt held by the Trusts. Omega Financial Capital Trust I and BCSB Capital Trust II were assumed as a result of acquisitions.

Distributions on the subordinated debt issued to the Trusts are recorded as interest expense by the Corporation. The TPS are subject to mandatory redemption, in whole or in part, upon repayment of the subordinated debt. The TPS are eligible for redemption, at any time, at the Corporation’s discretion. The subordinated debt, net of the Corporation’s investment in the Trusts, qualifies as tier 1 capital under the Board of Governors of the Federal Reserve System (FRB) guidelines. Under recently issued capital guidelines, these TPS obligations are subject to limitations when total assets of the Corporation exceed $15,000,000. The Corporation has entered into agreements which, when taken collectively, fully and unconditionally guarantee the obligations under the TPS subject to the terms of each of the guarantees.

During the first quarter of 2014, the Corporation redeemed $23,000 of the Corporation-issued TPS, including $6,500 that the Corporation assumed as a result of the BCSB acquisition. During 2013, the Corporation redeemed $130,000 of the Corporation-issued TPS. The Corporation proactively redeemed these Corporation-issued TPS, primarily using proceeds from the November 2013 capital raise, in anticipation of meeting the limitations as described above. Under applicable regulatory capital guidelines issued by the bank regulatory agencies, upon notice of redemption, the redeemed TPS no longer qualify as tier 1 capital for the Corporation. The BCSB Capital Trust II holders were redeemed and paid in full on April 7, 2014.

The following table provides information relating to the Trusts as of March 31, 2014:

	Trust Preferred Securities		Common Securities		Junior Subordinated Debt		Stated Maturity Date		Interest Rate
F.N.B. Statutory Trust II	$	21,500	$	665	$	22,165		6/15/36		1.88	%	Variable; LIBOR + 165 basis points (bps)
Omega Financial Capital Trust I		36,000		1,114		36,042		10/18/34		2.43	%	Variable; LIBOR + 219 bps
BCSB Capital Trust II		10,000		310		10,310		10/07/33		3.24	%	Variable; LIBOR + 300 bps
	$	67,500	$	2,089	$	68,517

DERIVATIVE INSTRUMENTS

The Corporation is exposed to certain risks arising from both its business operations and economic conditions. The Corporation principally manages its exposures to a wide variety of business and operational risks through management of its core business activities. The Corporation manages economic risks, including interest rate risk, primarily by managing the amount, source, and duration of its assets and liabilities, and through the use of derivative instruments. Interest rate swaps are the primary derivative instrument used by the Corporation for interest rate management. The Corporation also uses derivative instruments to facilitate transactions on behalf of its customers.

27

Commercial Borrower Derivatives

The Corporation enters into interest rate swap agreements to meet the financing, interest rate and equity risk management needs of qualifying commercial loan customers. These agreements provide the customer the ability to convert from variable to fixed interest rates. The Corporation then enters into positions with a derivative counterparty in order to offset its exposure on the fixed components of the customer agreements. The credit risk associated with derivatives executed with customers is essentially the same as that involved in extending loans and is subject to normal credit policies and monitoring. The Corporation seeks to minimize counterparty credit risk by entering into transactions with only high-quality institutions. These arrangements meet the definition of derivatives, but are not designated as hedging instruments under ASC 815, Derivatives and Hedging. The interest rate swap agreement with the loan customer and with the counterparty is reported at fair value in other assets and other liabilities on the consolidated balance sheet with any resulting gain or loss recorded in current period earnings as other income or other expense.

Risk Management Derivatives

The Corporation entered into interest rate derivative agreements in order to manage its net interest income by increasing the stability of the net interest income over a range of potential interest rate scenarios. Interest rate swaps are also used to modify the interest rate characteristics of designated commercial loans from variable to fixed in order to reduce the impact of changes in future cash flows due to interest rate changes. These agreements are designated as cash flow hedges (i.e., hedging the exposure to variability in expected future cash flows). The effective portion of the derivative’s gain or loss is initially reported as a component of other comprehensive income and subsequently reclassified into earnings in the same line item associated with the forecasted transaction when the forecasted transaction affects earnings. The ineffective portion of the gain or loss is reported in earnings immediately. Gains and losses from hedge ineffectiveness recognized in the consolidated statement of comprehensive income were not material for the three months ended March 31, 2014.

In accordance with the requirements of ASU No. 2011-04, the Corporation made an accounting policy election to use the portfolio exception with respect to measuring derivative instruments, consistent with the guidance in ASC 820. The Corporation further documents that it meets the criteria for this exception as follows:

• The Corporation manages credit risk for its derivative positions on a counterparty-by-counterparty basis, consistent with its risk management strategy for such transactions. The Corporation manages credit risk by considering indicators of risk such as credit ratings, and by negotiating terms in its master netting arrangements and credit support annex documentation with each individual counterparty. Review of credit risk plays a central role in the decision of which counterparties to consider for such relationships and when deciding with whom it will enter into derivative transactions.

• Since the effective date of ASC 820, the Corporation’s management has monitored and measured credit risk and calculated credit valuation adjustments (CVAs) for its derivative transactions on a counterparty-by-counterparty basis. Management receives reports from an independent third-party valuation specialist on a monthly basis to assist in determining CVAs by counterparty for purposes of reviewing and managing its credit risk exposures. Since the portfolio exception applies only to the fair value measurement and not to the financial statement presentation, the portfolio-level adjustments are then allocated in a reasonable and consistent manner each period to the individual assets or liabilities that make up the counterparty derivative portfolio, in accordance with the Corporation’s accounting policy elections.

The Corporation notes that key market participants take into account the existence of such arrangements that mitigate credit risk exposure in the event of default. As such, the Corporation formally elects to apply the portfolio exception in ASC 820 with respect to measuring counterparty credit risk for all of its derivative transactions subject to master netting arrangements.

At March 31, 2014, the Corporation was party to 318 swaps with customers with notional amounts totaling $840,190 and 284 swaps with derivative counterparties with notional amounts totaling $1,040,190.

28

Derivative assets are classified in the balance sheet under “other assets” and derivative liabilities are classified in the balance sheet under “other liabilities.” The following tables present information about derivative assets and derivative liabilities that are subject to enforceable master netting agreements as well as those not subject to enforceable master netting arrangements:

	Gross Amount		Gross Amounts Offset in the Balance Sheet		Net Amount Presented in the Balance Sheet
Offsetting of Derivative Assets:
March 31, 2014
Derivative assets subject to master netting arrangement:
Interest rate contracts	$	2,172		—	$	2,172
Equity contracts		41		—		41
Derivative assets not subject to master netting arrangement:
Interest rate contracts		31,079		—		31,079
Total derivative assets	$	33,292		—	$	33,292
December 31, 2013
Derivative assets subject to master netting arrangement:
Interest rate contracts	$	3,547		—	$	3,547
Equity contracts		32		—		32
Derivative assets not subject to master netting arrangement:
Interest rate contracts		29,738		—		29,738
Total derivative assets	$	33,317		—	$	33,317
Offsetting of Derivative Liabilities:
March 31, 2014
Derivative liabilities subject to master netting arrangement:
Interest rate contracts	$	38,332		—	$	38,332
Derivative liabilities not subject to master netting arrangement:
Interest rate contracts		1,792		—		1,792
Equity contracts		41		—		41
Total derivative liabilities	$	40,165		—	$	40,165
December 31, 2013
Derivative liabilities subject to master netting arrangement:
Interest rate contracts	$	40,323		—	$	40,323
Derivative liabilities not subject to master netting arrangement:
Interest rate contracts		3,014		—		3,014
Equity contracts		32		—		32
Total derivative liabilities	$	43,369		—	$	43,369

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The following tables present a reconciliation of the net amounts of derivative assets and derivative liabilities presented in the balance sheet to the net amounts that would result in the event of offset:

			Gross Amounts Not Offset in the Balance Sheet
	Net Amount Presented in the Balance Sheet		Financial Instruments		Cash Collateral Received		Net Amount
Derivative Assets:
March 31, 2014
Counterparty B	$	17	$	17	$	—	$	—
Counterparty D		246		246		—		—
Counterparty E		1,046		1,046		—		—
Counterparty F		233		233		—		—
Counterparty G		133		133		—		—
Counterparty I		405		405		—		—
Counterparty J		133		—		133		—
	$	2,213	$	2,080	$	133		—
December 31, 2013
Counterparty B	$	24	$	24	$	—	$	—
Counterparty D		566		566		—		—
Counterparty E		1,696		1,696		—		—
Counterparty F		355		273		—		82
Counterparty G		251		251		—		—
Counterparty I		634		634		—		—
Counterparty J		53		—		53		—
	$	3,579	$	3,444	$	53	$	82
Derivative Liabilities:
March 31, 2014
Counterparty A	$	4,682	$	4,682	$	—	$	—
Counterparty B		3,005		3,005		—
Counterparty C		1,356		1,356		—		—
Counterparty D		8,855		8,855		—		—
Counterparty E		5,093		5,093		—		—
Counterparty F		15		15		—		—
Counterparty G		4,804		4,804		—		—
Counterparty H		2,119		—		—		2,119
Counterparty I		5,731		5,731		—		—
Counterparty J		2,672		—		2,672		—
	$	38,332	$	33,541	$	2,672	$	2,119
December 31, 2013
Counterparty A	$	4,934	$	4,934	$	—	$	—
Counterparty B		3,249		3,249		—		—
Counterparty C		1,431		1,431		—		—
Counterparty D		9,614		9,614		—		—
Counterparty E		6,257		6,257		—		—
Counterparty F		13		13		—		—
Counterparty G		5,309		5,309		—		—
Counterparty H		2,257		125		—		2,132
Counterparty I		5,649		5,649		—		—
Counterparty J		1,610		—		1,610		—
	$	40,323	$	36,581	$	1,610	$	2,132

30

The following table presents the effect of the Corporation’s derivative financial instruments on the income statement:

	Income		Three Months Ended
	Statement		March 31,
	Location		2014			2013
Interest Rate Products		Other income	$	(14	)	$	136

The Corporation has agreements with each of its derivative counterparties that contain a provision where if the Corporation defaults on any of its indebtedness, including default where repayment of the indebtedness has not been accelerated by the lender, then the Corporation could also be declared in default on its derivative obligations. The Corporation also has agreements with certain of its derivative counterparties that contain a provision that if the Corporation fails to maintain its status as a well-capitalized institution, then the counterparty could terminate the derivative positions and the Corporation would be required to settle its obligations under the agreements. Certain of the Corporation’s agreements with its derivative counterparties contain provisions where if a material or adverse change occurs that materially changes the Corporation’s creditworthiness in an adverse manner, the Corporation may be required to fully collateralize its obligations under the derivative instrument.

Interest rate swap agreements generally require posting of collateral by either party under certain conditions. As of March 31, 2014 and December 31, 2013, the fair value of counterparty derivatives in a net liability position, which includes accrued interest but excludes any adjustment for non-performance risk related to these agreements, was $37,545 and $38,239, respectively. At March 31, 2014, the Corporation has posted collateral with derivative counterparties with a fair value of $35,068 and cash collateral of $3,472. At December 31, 2013, the Corporation had posted collateral with derivative counterparties with a fair value of $37,427 and cash collateral of $1,976. Additionally, if the Corporation had breached its agreements with its derivative counterparties it would be required to settle its obligations under the agreements at the termination value and would be required to pay an additional $2,199 and $2,224 as of March 31, 2014 and December 31, 2013, respectively, in excess of amounts previously posted as collateral with the respective counterparty.

The Corporation has entered into interest rate lock commitments to originate residential mortgage loans held for sale and forward commitments to sell residential mortgage loans to secondary market investors. These arrangements are considered derivative instruments. The fair values of the Corporation’s rate lock commitments to customers and commitments with investors at March 31, 2014 and December 31, 2013 are not material.

COMMITMENTS, CREDIT RISK AND CONTINGENCIES

The Corporation has commitments to extend credit and standby letters of credit that involve certain elements of credit risk in excess of the amount stated in the consolidated balance sheet. The Corporation’s exposure to credit loss in the event of non-performance by the customer is represented by the contractual amount of those instruments. The credit risk associated with loan commitments and standby letters of credit is essentially the same as that involved in extending loans to customers and is subject to normal credit policies. Since many of these commitments expire without being drawn upon, the total commitment amounts do not necessarily represent future cash flow requirements.

Following is a summary of off-balance sheet credit risk information:

	March 31, 2014		December 31, 2013
Commitments to extend credit	$	3,103,359	$	2,897,748
Standby letters of credit		118,281		114,298

At March 31, 2014, funding of 76.1% of the commitments to extend credit was dependent on the financial condition of the customer. The Corporation has the ability to withdraw such commitments at its discretion. Commitments generally have fixed expiration dates or other termination clauses and may require payment of a fee. Based on management’s credit evaluation of the customer, collateral may be deemed necessary. Collateral requirements vary and may include accounts receivable, inventory, property, plant and equipment and income-producing commercial properties.

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Standby letters of credit are conditional commitments issued by the Corporation that may require payment at a future date. The credit risk involved in issuing letters of credit is quantified on a quarterly basis, through the review of historical performance of the Corporation’s portfolios and allocated as a liability on the Corporation’s balance sheet.

The Corporation and its subsidiaries are involved in various pending and threatened legal proceedings in which claims for monetary damages and other relief are asserted. These actions include claims brought against the Corporation and its subsidiaries where the Corporation or a subsidiary acted as one or more of the following: a depository bank, lender, underwriter, fiduciary, financial advisor, broker or was engaged in other business activities. Although the ultimate outcome for any asserted claim cannot be predicted with certainty, the Corporation believes that it and its subsidiaries have valid defenses for all asserted claims. Reserves are established for legal claims when losses associated with the claims are judged to be probable and the amount of the loss can be reasonably estimated.

Based on information currently available, advice of counsel, available insurance coverage and established reserves, the Corporation does not anticipate, at the present time, that the aggregate liability, if any, arising out of such legal proceedings will have a material adverse effect on the Corporation’s consolidated financial position. However, the Corporation cannot determine whether or not any claims asserted against it will have a material adverse effect on its consolidated results of operations in any future reporting period.

STOCK INCENTIVE PLANS

Restricted Stock

The Corporation issues restricted stock awards, consisting of both restricted stock and restricted stock units, to key employees under its Incentive Compensation Plans (Plans). The grant date fair value of the restricted stock awards is equal to the price of the Corporation’s common stock on the grant date. For the three months ended March 31, 2014, the Corporation did not issue any restricted stock awards. For the three months ended March 31, 2013, the Corporation issued 295,705 restricted stock awards with aggregate weighted average grant date fair values of $3,472, under these Plans. As of March 31, 2014, the Corporation had available up to 2,467,326 shares of common stock to issue under these Plans.

Under the Plans, more than half of the restricted stock awards granted to management are earned if the Corporation meets or exceeds certain financial performance results when compared to its peers. These performance-related awards are expensed ratably from the date that the likelihood of meeting the performance measure is probable through the end of a four-year vesting period. The service-based awards are expensed ratably over a three-year vesting period. The Corporation also issues discretionary service-based awards to certain employees that vest over five years.

The unvested restricted stock awards are eligible to receive cash dividends or dividend equivalents which are ultimately used to purchase additional shares of stock. Any additional shares of stock received as a result of cash dividends are subject to forfeiture if the requisite service period is not completed or the specified performance criteria are not met. These awards are subject to certain accelerated vesting provisions upon retirement, death, disability or in the event of a change of control as defined in the award agreements.

Share-based compensation expense related to restricted stock awards was $532 and $1,083 for the three months ended March 31, 2014 and 2013, the tax benefit of which was $186 and $379, respectively.

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The following table summarizes certain information concerning restricted stock awards:

	Three Months Ended March 31,
	2014					2013
	Awards			Weighted Average Grant Price		Awards			Weighted Average Grant Price
Unvested awards outstanding at beginning of period		1,729,033		$	10.23		1,913,073		$	9.17
Granted		—			—		295,705			11.74
Net adjustment due to performance		(19,002	)		8.48		—			—
Vested		(667,956	)		9.01		(734,130	)		7.90
Forfeited		(430	)		10.69		(622	)		9.23
Dividend reinvestment		9,612			13.01		12,008			11.78
Unvested awards outstanding at end of period		1,051,257			11.06		1,486,034			10.34

The total fair value of awards vested was $8,631 and $8,259 for the three months ended March 31, 2014 and 2013, respectively.

As of March 31, 2014, there was $4,159 of unrecognized compensation cost related to unvested restricted stock awards, including $56 that is subject to accelerated vesting under the Plan’s immediate vesting upon retirement provision for awards granted prior to the adoption of ASC 718, Compensation – Stock Compensation. The components of the restricted stock awards as of March 31, 2014 are as follows:

	Service- Based Awards		Performance- Based Awards		Total
Unvested awards		262,189		789,068		1,051,257
Unrecognized compensation expense	$	1,390	$	2,769	$	4,159
Intrinsic value	$	3,516	$	10,574	$	14,090
Weighted average remaining life (in years)		1.91		2.02		1.99

Stock Options

The Corporation did not grant stock options during the three months ended March 31, 2014 or 2013. All outstanding stock options were granted at prices equal to the fair market value at the date of the grant, are primarily exercisable within ten years from the date of the grant and are fully vested. The Corporation issues shares of treasury stock or authorized but unissued shares to satisfy stock options exercised. Shares issued upon the exercise of stock options were 87,332 for the three months ended March 31, 2014. No stock options were exercised during the three months ended March 31, 2013.

The following table summarizes certain information concerning stock option awards:

	Three Months Ended March 31,
	2014					2013
	Shares			Weighted Average Exercise Price		Shares			Weighted Average Exercise Price
Options outstanding at beginning of period		533,524		$	11.50		640,050		$	13.21
Assumed from acquisition		304,785			5.77		—			—
Exercised		(87,332	)		6.05		—			—
Forfeited		(48,172	)		25.79		(263,589	)		14.92
Options outstanding and exercisable at end of period		702,805			8.71		376,461			12.01

The intrinsic value of outstanding and exercisable stock options at March 31, 2014 was $3,012.

33

Warrants

In conjunction with its participation in the UST’s CPP, the Corporation issued to the UST a warrant to purchase up to 1,302,083 shares of the Corporation’s common stock. Pursuant to Section 13(H) of the Warrant to Purchase Common Stock, the number of shares of common stock issuable upon exercise of the warrant was reduced in half to 651,042 shares on June 16, 2009, the date the Corporation completed a public offering. The warrant, which expires in 2019, has an exercise price of $11.52 per share.

In conjunction with the Parkvale Financial Corporation (Parkvale) acquisition on January 1, 2012, the warrant issued by Parkvale to the UST under the CPP has been converted into a warrant to purchase up to 819,640 shares of the Corporation’s common stock. This warrant, which was recorded at its fair value on January 1, 2012, expires in 2018 and has an exercise price of $5.81 per share.

In conjunction with the ANNB acquisition, the warrant issued by ANNB to the UST under the CPP has been converted into a warrant to purchase up to 342,564 shares of the Corporation’s common stock. The warrant, which was recorded at its fair value on April 6, 2013, expires in 2019 and has an exercise price of $3.57 per share.

RETIREMENT PLANS

The Corporation sponsors the Retirement Income Plan (RIP), a qualified noncontributory defined benefit pension plan that covered substantially all salaried employees hired prior to January 1, 2008. The RIP covers employees who satisfied minimum age and length of service requirements. During 2006, the Corporation amended the RIP such that effective January 1, 2007 benefits were earned based on the employee’s compensation each year. The Corporation’s funding guideline has been to make annual contributions to the RIP each year, if necessary, such that minimum funding requirements have been met. The Corporation amended the RIP on October 20, 2010 to be frozen effective December 31, 2010.

The Corporation also sponsors two supplemental non-qualified retirement plans. The ERISA Excess Retirement Plan provides retirement benefits equal to the difference, if any, between the maximum benefit allowable under the Internal Revenue Code and the amount that would be provided under the RIP, if no limits were applied. The Basic Retirement Plan (BRP) is applicable to certain officers whom the Board of Directors designates. Officers participating in the BRP receive a benefit based on a target benefit percentage based on years of service at retirement and a designated tier as determined by the Board of Directors. When a participant retires, the basic benefit under the BRP is a monthly benefit equal to the target benefit percentage times the participant’s highest average monthly cash compensation during five consecutive calendar years within the last ten calendar years of employment. This monthly benefit was reduced by the monthly benefit the participant receives from Social Security, the RIP, the ERISA Excess Retirement Plan and the annuity equivalent of the three percent automatic contributions to the qualified 401(k) defined contribution plan and the ERISA Excess Lost Match Plan. The BRP was frozen as of December 31, 2008. The ERISA Excess Retirement Plan was frozen as of December 31, 2010.

The net periodic benefit cost for the defined benefit plans includes the following components:

	Three Months Ended
	March 31,
	2014			2013
Service cost	$	16		$	18
Interest cost		1,596			1,427
Expected return on plan assets		(2,487	)		(2,270	)
Amortization:
Unrecognized net transition asset		(5	)		(23	)
Unrecognized prior service cost (credit)		2			2
Unrecognized loss		337			557
Net periodic pension cost	$	(541	)	$	(289	)

34

The Corporation’s subsidiaries participate in a qualified 401(k) defined contribution plan under which employees may contribute a percentage of their salary. Employees are eligible to participate upon their first day of employment. Under this plan, the Corporation matches 100% of the first four percent that the employee defers. Additionally, substantially all employees receive an automatic contribution of three percent of compensation at the end of the year and the Corporation may make an additional contribution of up to two percent depending on the Corporation achieving its performance goals for the plan year. The Corporation’s contribution expense was $2,570 and $2,335 for the three months ended March 31, 2014 and 2013, respectively.

The Corporation also sponsors an ERISA Excess Lost Match Plan for certain officers. This plan provides retirement benefits equal to the difference, if any, between the maximum benefit allowable under the Internal Revenue Code and the amount that would have been provided under the qualified 401(k) defined contribution plan, if no limits were applied.

INCOME TAXES

The Corporation bases its provision for income taxes upon income before income taxes, adjusted for the effect of certain tax-exempt income and non-deductible expenses. In addition, the Corporation reports certain items of income and expense in different periods for financial reporting and tax return purposes. The Corporation recognizes the tax effects of these temporary differences currently in the deferred income tax provision or benefit. The Corporation computes deferred tax assets or liabilities based upon the differences between the financial statement and income tax bases of assets and liabilities using the applicable marginal tax rate.

The Corporation must evaluate the probability that it will ultimately realize the full value of its deferred tax assets. Realization of the Corporation’s deferred tax assets is dependent upon a number of factors including the existence of any cumulative losses in prior periods, the amount of taxes paid in available carry-back periods, expectations for future earnings, applicable tax planning strategies and assessment of current and future economic and business conditions. The Corporation establishes a valuation allowance when it is “more likely than not” that the Corporation will not be able to realize a benefit from its deferred tax assets, or when future deductibility is uncertain.

At March 31, 2014, the Corporation anticipates that it will not utilize state net operating loss carryforwards and other net deferred tax assets at certain of its subsidiaries and has recorded a valuation allowance against the state deferred tax assets. The Corporation believes that, except for the portion which is covered by the valuation allowance, it is more likely than not the Corporation will realize the benefits of its deferred tax assets, net of the valuation allowance, at March 31, 2014, based on the level of historical taxable income and taxes paid in available carry-back periods.

COMPREHENSIVE INCOME

The components of comprehensive income, net of related tax, are as follows:

	Three Months Ended
	March 31,
	2014			2013
Net income	$	34,524		$	28,538
Other comprehensive income (loss):
Securities available for sale:
Unrealized gains (losses) arising during the period, net of tax expense (benefit) of $5,681 and $(99)		10,550			(184	)
Reversal of non-credit related losses on debt securities not expected to be sold, net of tax expense of $3,335		6,192			—
Reclassification adjustment for gains included in net income, net of tax expense of $3,311 and $239		(6,150	)		(445	)
Derivative instruments:
Unrealized gains (losses) arising during the period, net of tax expense (benefit) of $1,117 and $(373)		2,074			(694	)
Pension and postretirement benefit obligations:
Unrealized gains arising during the period, net of tax expense of $117 and $188		217			349
Other comprehensive income (loss)		12,883			(974	)
Comprehensive income	$	47,407		$	27,564

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The following table presents changes in accumulated other comprehensive income, net of tax, by component:

	Unrealized Net Gains (Losses) on Securities Available for Sale			Non-Credit Related Loss on Debt Securities not Expected  to be Sold			Unrealized Losses on Derivative Instruments			Unrecognized Pension and Postretirement Obligations			Total
Three Months Ended March 31, 2014
Balance at beginning of period	$	(11,874	)	$	(6,192	)	$	(6,586	)	$	(32,272	)	$	(56,924	)
Other comprehensive income (loss) before reclassifications		10,550			6,192			2,074			217			19,033
Amounts reclassified from accumulated other comprehensive income		(6,150	)		—			—			—			(6,150	)
Net current period other comprehensive income (loss)		4,400			6,192			2,074			217			12,883
Balance at end of period	$	(7,474	)	$	—		$	(4,512	)	$	(32,055	)	$	(44,041	)

The following table presents a summary of the reclassifications out of accumulated other comprehensive income:

Three Months Ended March 31, 2014

Details About Accumulated Other Comprehensive Income Component	Amount Reclassified from Other Comprehensive Income			Affected Line Item in the Statement where Net Income is Presented
Unrealized net gains on securities available for sale (1)	$	(9,461	)	Net securities gains
		(3,311	)	Tax expense
	$	(6,150	)

(1) For additional detail related to unrealized net gains on securities available for sale and related amounts reclassified from accumulated other comprehensive income see the “Securities” note in this Report.

EARNINGS PER COMMON SHARE

Basic earnings per common share is calculated by dividing net income available to common stockholders by the weighted average number of shares of common stock outstanding net of unvested shares of restricted stock.

Diluted earnings per common share is calculated by dividing net income available to common stockholders by the weighted average number of shares of common stock outstanding, adjusted for the dilutive effect of potential common shares issuable for stock options, warrants and restricted shares, as calculated using the treasury stock method. Adjustments to the weighted average number of shares of common stock outstanding are made only when such adjustments dilute earnings per common share.

36

The following table sets forth the computation of basic and diluted earnings per common share:

	Three Months Ended
	March 31,
	2014		2013
Net income	$	34,524	$	28,538
Preferred stock dividends		2,322		—
Net income available to common stockholders	$	32,202	$	28,538
Basic weighted average common shares outstanding		162,186,395		139,650,495
Net effect of dilutive stock options, warrants, restricted stock and convertible debt		1,780,851		1,415,695
Diluted weighted average common shares outstanding		163,967,246		141,066,190
Earnings per common share:
Basic	$	0.20	$	0.20
Diluted	$	0.20	$	0.20

For the three months ended March 31, 2014 and 2013, 51,641 and 71,555 shares of common stock, respectively, related to stock options and warrants were excluded from the computation of diluted earnings per common share because the exercise price of the shares was greater than the average market price of the common shares and, therefore, the effect would be anti-dilutive.

CASH FLOW INFORMATION

Following is a summary of supplemental cash flow information:

Three Months Ended March 31	2014		2013
Interest paid on deposits and other borrowings	$	10,576	$	13,489
Income taxes paid		—		—
Transfers of loans to other real estate owned		4,849		3,271
Financing of other real estate owned sold		—		113

BUSINESS SEGMENTS

The Corporation operates in four reportable segments: Community Banking, Wealth Management, Insurance and Consumer Finance.

• The Community Banking segment provides commercial and consumer banking services. Commercial banking solutions include corporate banking, small business banking, investment real estate financing, asset based lending, capital markets and lease financing. Consumer banking products and services include deposit products, mortgage lending, consumer lending and a complete suite of mobile and online banking services.

• The Wealth Management segment provides a broad range of personal and corporate fiduciary services including the administration of decedent and trust estates. In addition, it offers various alternative products, including securities brokerage and investment advisory services, mutual funds and annuities.

• The Insurance segment includes a full-service insurance agency offering all lines of commercial and personal insurance through major carriers. The Insurance segment also includes a reinsurer.

• The Consumer Finance segment primarily makes installment loans to individuals and purchases installment sales finance contracts from retail merchants. The Consumer Finance segment activity is funded through the sale of the Corporation’s subordinated notes at the finance company’s branch offices.

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The following tables provide financial information for these segments of the Corporation. The information provided under the caption “Parent and Other” represents operations not considered to be reportable segments and/or general operating expenses of the Corporation, and includes the parent company, other non-bank subsidiaries and eliminations and adjustments which are necessary for purposes of reconciliation to the consolidated amounts.

	Community Banking		Wealth Management		Insurance		Consumer Finance		Parent and Other			Consolidated
At or for the Three Months Ended March 31, 2014
Interest income	$	106,691	$	—	$	25	$	9,365	$	1,799		$	117,880
Interest expense		8,248		—		—		846		961			10,055
Net interest income		98,443		—		25		8,519		838			107,825
Provision for loan losses		5,296		—		—		1,457		253			7,006
Non-interest income		31,913		7,323		4,210		660		(2,036	)		42,070
Non-interest expense		76,866		6,292		3,046		4,937		742			91,883
Intangible amortization		2,110		72		101		—		—			2,283
Income tax expense (benefit)		13,343		351		385		1,073		(953	)		14,199
Net income (loss)		32,741		608		703		1,712		(1,240	)		34,524
Total assets		14,299,543		19,542		19,954		182,018		(44,547	)		14,476,510
Total intangibles		833,642		10,936		10,425		1,809		—			856,812
At or for the Three Months Ended March 31, 2013
Interest income	$	94,051	$	—	$	28	$	9,016	$	2,023		$	105,118
Interest expense		8,918		—		—		856		2,248			12,022
Net interest income		85,133		—		28		8,160		(225	)		93,096
Provision for loan losses		5,820		—		—		1,527		194			7,541
Non-interest income		23,698		7,115		3,559		629		(1,389	)		33,612
Non-interest expense		62,968		6,086		2,811		4,516		496			76,877
Intangible amortization		1,748		76		101		—		—			1,925
Income tax expense (benefit)		11,172		350		239		1,048		(982	)		11,827
Net income (loss)		27,123		603		436		1,698		(1,322	)		28,538
Total assets		11,816,414		18,520		19,141		175,710		(31,795	)		11,997,990
Total intangibles		687,545		11,236		10,830		1,809		—			711,420

FAIR VALUE MEASUREMENTS

The Corporation uses fair value measurements to record fair value adjustments to certain financial assets and liabilities and to determine fair value disclosures. Securities available for sale and derivatives are recorded at fair value on a recurring basis. Additionally, from time to time, the Corporation may be required to record at fair value other assets on a non-recurring basis, such as mortgage loans held for sale, certain impaired loans, OREO and certain other assets.

Fair value is defined as an exit price, representing the price that would be received to sell an asset or paid to transfer a liability in an orderly transaction between market participants at the measurement date. Fair value measurements are not adjusted for transaction costs. Fair value is a market-based measure considered from the perspective of a market participant who holds the asset or owes the liability rather than an entity-specific measure.

In determining fair value, the Corporation uses various valuation approaches, including market, income and cost approaches. ASC 820, Fair Value Measurements and Disclosures, establishes a hierarchy for inputs used in measuring fair value that maximizes the use of observable inputs and minimizes the use of unobservable inputs by requiring that observable inputs be used when available. Observable inputs are inputs that market participants would use in pricing the asset or liability, which are developed based on market data obtained from sources independent of the Corporation. Unobservable inputs reflect the Corporation’s assumptions about the assumptions that market participants would use in pricing an asset or liability, which are developed based on the best information available in the circumstances.

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The fair value hierarchy gives the highest priority to unadjusted quoted market prices in active markets for identical assets or liabilities (Level 1 measurement) and the lowest priority to unobservable inputs (Level 3 measurement). The fair value hierarchy is broken down into three levels based on the reliability of inputs as follows:

Measurement Category	Definition
Level 1	valuation is based upon unadjusted quoted market prices for identical instruments traded in active markets.
Level 2	valuation is based upon quoted market prices for similar instruments traded in active markets, quoted market prices for identical or similar instruments traded in markets that are not active and model-based valuation techniques for which all significant assumptions are observable in the market or can be corroborated by market data.
Level 3	valuation is derived from other valuation methodologies including discounted cash flow models and similar techniques that use significant assumptions not observable in the market. These unobservable assumptions reflect estimates of assumptions that market participants would use in determining fair value.

A financial instrument’s level within the fair value hierarchy is based on the lowest level of input that is significant to the fair value measurement.

Following is a description of the valuation methodologies the Corporation uses for financial instruments recorded at fair value on either a recurring or non-recurring basis:

Securities Available For Sale

Securities available for sale consists of both debt and equity securities. These securities are recorded at fair value on a recurring basis. At March 31, 2014, 99.8% of these securities used valuation methodologies involving market-based or market-derived information, collectively Level 1 and Level 2 measurements, to measure fair value. The remaining 0.2% of these securities were measured using model-based techniques, with primarily unobservable (Level 3) inputs.

The Corporation closely monitors market conditions involving assets that have become less actively traded. If the fair value measurement is based upon recent observable market activity of such assets or comparable assets (other than forced or distressed transactions) that occur in sufficient volume, and do not require significant adjustment using unobservable inputs, those assets are classified as Level 1 or Level 2; if not, they are classified as Level 3. Making this assessment requires significant judgment.

The Corporation uses prices from independent pricing services and, to a lesser extent, indicative (non-binding) quotes from independent brokers, to measure the fair value of investment securities. The Corporation validates prices received from pricing services or brokers using a variety of methods, including, but not limited to, comparison to secondary pricing services, corroboration of pricing by reference to other independent market data such as secondary broker quotes and relevant benchmark indices, and review of pricing by Corporate personnel familiar with market liquidity and other market-related conditions.

Derivative Financial Instruments

The Corporation determines its fair value for derivatives using widely accepted valuation techniques including discounted cash flow analysis on the expected cash flows of each derivative. This analysis reflects contractual terms of the derivative, including the period to maturity and uses observable market based inputs, including interest rate curves and implied volatilities.

The Corporation incorporates credit valuation adjustments to appropriately reflect both its own non-performance risk and the respective counterparty’s non-performance risk in the fair value measurements. In adjusting the fair value of its derivative contracts for the effect of non-performance risk, the Corporation considers the impact of netting and any applicable credit enhancements, such as collateral postings, thresholds, mutual puts and guarantees.

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Although the Corporation has determined that the majority of the inputs used to value its derivatives fall within Level 2 of the fair value hierarchy, the credit valuation adjustments associated with its derivatives utilize Level 3 inputs, such as estimates of current credit spreads to evaluate the likelihood of default by itself and its counterparties. However, as of March 31, 2014, the Corporation has assessed the significance of the impact of the credit valuation adjustments on the overall valuation of its derivative positions and has determined that the credit valuation adjustments are not significant to the overall valuation of its derivatives. As a result, the Corporation has determined that its derivative valuations in their entirety are classified in Level 2 of the fair value hierarchy.

Residential Mortgage Loans Held For Sale

These loans are carried at the lower of cost or fair value. Under lower of cost or fair value accounting, periodically, it may be necessary to record non-recurring fair value adjustments. Fair value, when recorded, is based on independent quoted market prices and is classified as Level 2.

Impaired Loans

The Corporation reserves for commercial loan relationships greater than or equal to $500 that the Corporation considers impaired as defined in ASC 310 at the time the Corporation identifies the loan as impaired based upon the present value of expected future cash flows available to pay the loan, or based upon the fair value of the collateral less estimated selling costs where a loan is collateral dependent. Collateral may be real estate and/or business assets including equipment, inventory and accounts receivable.

The Corporation determines the value of real estate based on appraisals by licensed or certified appraisers. The value of business assets is generally based on amounts reported on the business’ financial statements. Management must rely on the financial statements prepared and certified by the borrower or its accountants in determining the value of these business assets on an ongoing basis which may be subject to significant change over time. Based on the quality of information or statements provided, management may require the use of business asset appraisals and site-inspections to better value these assets. The Corporation may discount appraised and reported values based on management’s historical knowledge, changes in market conditions from the time of valuation or management’s knowledge of the borrower and the borrower’s business. Since not all valuation inputs are observable, the Corporation classifies these non-recurring fair value determinations as Level 2 or Level 3 based on the lowest level of input that is significant to the fair value measurement.

The Corporation reviews and evaluates impaired loans no less frequently than quarterly for additional impairment based on the same factors identified above.

Other Real Estate Owned

OREO is comprised of commercial and residential real estate properties obtained in partial or total satisfaction of loan obligations plus some bank owned real estate. OREO acquired in settlement of indebtedness is recorded at the lower of carrying amount of the loan or fair value less costs to sell. Subsequently, these assets are carried at the lower of carrying value or fair value less costs to sell. Accordingly, it may be necessary to record non-recurring fair value adjustments. Fair value is generally based upon appraisals by licensed or certified appraisers and other market information and is classified as Level 2 or Level 3.

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The following table presents the balances of assets and liabilities measured at fair value on a recurring basis:

	Level 1		Level 2		Level 3		Total
March 31, 2014
Assets measured at fair value
Available for sale debt securities:
U.S. government-sponsored entities	$	—	$	264,681	$	—	$	264,681
Residential mortgage-backed securities
Agency mortgage-backed securities		—		355,941		—		355,941
Agency collateralized mortgage obligations		—		609,752		—		609,752
Non-agency collateralized mortgage obligations		—		16		1,663		1,679
Commercial mortgage-backed securities		—		9,129		—		9,129
States of the U.S. and political subdivisions		—		14,505		—		14,505
Other debt securities		—		16,240		—		16,240
		—		1,270,264		1,663		1,271,927
Available for sale equity securities:
Financial services industry		558		1,106		414		2,078
Insurance services industry		65		—		—		65
		623		1,106		414		2,143
		623		1,271,370		2,077		1,274,070
Derivative financial instruments:
Trading		—		33,173		—		33,173
Not for trading		—		119		—		119
		—		33,292		—		33,292
	$	623	$	1,304,662	$	2,077	$	1,307,362
Liabilities measured at fair value
Derivative financial instruments:
Trading		—	$	33,105		—	$	33,105
Not for trading		—		7,060		—		7,060
		—	$	40,165		—	$	40,165

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	Level 1		Level 2		Level 3		Total
December 31, 2013
Assets measured at fair value
Available for sale debt securities:
U.S. government-sponsored entities	$	—	$	330,985	$	—	$	330,985
Residential mortgage-backed securities
Agency mortgage-backed securities		—		250,881		—		250,881
Agency collateralized mortgage obligations		—		491,199		—		491,199
Non-agency collateralized mortgage obligations		—		18		1,744		1,762
States of the U.S. and political subdivisions		—		17,002		—		17,002
Collateralized debt obligations		—		—		31,595		31,595
Other debt securities		—		16,100		—		16,100
		—		1,106,185		33,339		1,139,524
Available for sale equity securities:
Financial services industry		584		1,067		410		2,061
Insurance services industry		65		—		—		65
		649		1,067		410		2,126
		649		1,107,252		33,749		1,141,650
Derivative financial instruments:
Trading		—		33,317		—		33,317
Not for trading		—		—		—		—
		—		33,317		—		33,317
	$	649	$	1,140,569	$	33,749	$	1,174,967
Liabilities measured at fair value
Derivative financial instruments:
Trading		—	$	33,236		—	$	33,236
Not for trading		—		10,133		—		10,133
		—	$	43,369		—	$	43,369

There were no transfers of assets or liabilities between the hierarchy levels for 2014. During 2013, the Corporation transferred out of Level 2 and Level 3 equity securities that now trade on NASDAQ. At December 31, 2013, the securities are classified as Level 1. Additionally during 2013, the Corporation transferred out of Level 3 and into Level 2 four single name TPS.

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The following table presents additional information about assets measured at fair value on a recurring basis and for which the Corporation has utilized Level 3 inputs to determine fair value:

	Pooled Trust Preferred Collateralized Debt Obligations			Other Debt Securities			Equity Securities			Residential Non-Agency Collateralized Mortgage Obligations			Total
Three Months Ended March 31, 2014
Balance at beginning of period	$	31,595			—		$	410		$	1,744		$	33,749
Total gains (losses) – realized/unrealized:
Included in earnings		13,766			—			—			—			13,766
Included in other comprehensive income		5,608			—			4			4			5,616
Accretion included in earnings		657			—			—			1			658
Purchases, issuances, sales and settlements:
Purchases		—			—			—			—			—
Issuances		—			—			—			—			—
Sales/redemptions		(51,527	)		—			—			—			(51,527	)
Settlements		(99	)		—			—			(86	)		(185	)
Transfers from Level 3		—			—			—			—			—
Transfers into Level 3		—			—			—			—			—
Balance at end of period	$	—			—		$	414		$	1,663		$	2,077
Year Ended December 31, 2013
Balance at beginning of period	$	22,456		$	6,892		$	512		$	2,705		$	32,565
Total gains (losses) – realized/unrealized:
Included in earnings		—			78			—			—			78
Included in other comprehensive income		6,701			21			18			(35	)		6,705
Accretion included in earnings		3,160			4			—			12			3,176
Purchases, issuances, sales and settlements:
Purchases		—			—			—			—			—
Issuances		38			—			—			—			38
Sales/redemptions		—			(1,033	)		—			—			(1,033	)
Settlements		(760	)		—			—			(938	)		(1,698	)
Transfers from Level 3		—			(5,962	)		(120	)		—			(6,082	)
Transfers into Level 3		—			—			—			—			—
Balance at end of period	$	31,595		$	—		$	410		$	1,744		$	33,749

The Corporation reviews fair value hierarchy classifications on a quarterly basis. Changes in the observability of the valuation attributes may result in reclassification of certain financial assets or liabilities. Such reclassifications are reported as transfers in/out of Level 3 at fair value at the beginning of the period in which the changes occur. See the Securities footnote in the Notes to Consolidated Financial Statements section of this Report for information relating to significant unobservable inputs used in determining Level 3 fair values.

For the three months ended March 31, 2014 and 2013, there were no gains or losses included in earnings attributable to the change in unrealized gains or losses relating to assets still held as of those dates. The total gains included in earnings are in the net securities gains line item in the Consolidated Statements of Comprehensive Income.

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In accordance with GAAP, from time to time, the Corporation measures certain assets at fair value on a non-recurring basis. These adjustments to fair value usually result from the application of the lower of cost or fair value accounting or write-downs of individual assets. Valuation methodologies used to measure these fair value adjustments were previously described. For assets measured at fair value on a non-recurring basis still held at the balance sheet date, the following table provides the hierarchy level and the fair value of the related assets or portfolios:

	Level 1		Level 2		Level 3		Total
March 31, 2014
Impaired loans		—	$	9,422	$	—	$	9,422
Other real estate owned		—		1,373		3,286		4,659
December 31, 2013
Impaired loans		—	$	3,235	$	59	$	3,294
Other real estate owned		—		4,485		14,957		19,442

Impaired loans measured or re-measured at fair value on a non-recurring basis during the three months ended March 31, 2014 had a carrying amount of $9,525 and an allocated allowance for loan losses of $1,268 at March 31, 2014. The allocated allowance is based on fair value of $9,422 less estimated costs to sell of $1,165. The allowance for loan losses includes a provision applicable to the current period fair value measurements of $622, which was included in the provision for loan losses for the three months ended March 31, 2014.

OREO with a carrying amount of $4,946 was written down to $4,099 (fair value of $4,659 less estimated costs to sell of $560), resulting in a loss of $847, which was included in earnings for the three months ended March 31, 2014.

Fair Value of Financial Instruments

The following methods and assumptions were used to estimate the fair value of each financial instrument:

Cash and Cash Equivalents, Accrued Interest Receivable and Accrued Interest Payable. For these short-term instruments, the carrying amount is a reasonable estimate of fair value.

Securities. For both securities available for sale and securities held to maturity, fair value equals the quoted market price from an active market, if available, and is classified within Level 1. If a quoted market price is not available, fair value is estimated using quoted market prices for similar securities or pricing models, and is classified as Level 2. Where there is limited market activity or significant valuation inputs are unobservable, securities are classified within Level 3. Under current market conditions, assumptions used to determine the fair value of Level 3 securities have greater subjectivity due to the lack of observable market transactions.

Loans. The fair value of fixed rate loans is estimated by discounting the future cash flows using the current rates at which similar loans would be made to borrowers with similar credit ratings and for the same remaining maturities less an illiquidity discount. The fair value of variable and adjustable rate loans approximates the carrying amount. Due to the significant judgment involved in evaluating credit quality, loans are classified within Level 3 of the fair value hierarchy.

Bank Owned Life Insurance. The Corporation owns general account, separate account and hybrid account bank owned life insurance (BOLI). The fair value of the general account BOLI is based on the insurance contract cash surrender value. The separate account BOLI has a stable value protection (SVP) component that mitigates the impact of market value fluctuations of the underlying account assets. The SVP component guarantees the book value, which is the insurance contract cash surrender value. The hybrid account BOLI also has a guaranteed book value, except it does not require a stable value protection component. Instead, the insurance carrier incurs the investment return risk, which is imbedded in their fee structure.

If the Corporation’s separate account and hybrid account BOLI book value exceeds the market value of the underlying securities, then the fair value of the separate account and hybrid account BOLI is the cash surrender value. If the Corporation’s separate account and hybrid account BOLI book value is less than the market value of the underlying securities, then the fair value of the separate account and hybrid account BOLI is the quoted market price of the underlying securities.

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Derivative Assets and Liabilities. The Corporation determines its fair value for derivatives using widely accepted valuation techniques including discounted cash flow analysis on the expected cash flows of each derivative. This analysis reflects contractual terms of the derivative, including the period to maturity and uses observable market based inputs, including interest rate curves and implied volatilities.

The Corporation incorporates credit valuation adjustments to appropriately reflect both its own non-performance risk and the respective counterparty’s non-performance risk in the fair value measurements. In adjusting the fair value of its derivative contracts for the effect of non-performance risk, the Corporation considers the impact of netting and any applicable credit enhancements, such as collateral postings, thresholds, mutual puts and guarantees.

Although the Corporation has determined that the majority of the inputs used to value its derivatives fall within Level 2 of the fair value hierarchy, the credit valuation adjustments associated with its derivatives utilize Level 3 inputs, such as estimates of current credit spreads to evaluate the likelihood of default by itself and its counterparties. However, as of March 31, 2014, the Corporation has assessed the significance of the impact of the credit valuation adjustments on the overall valuation of its derivative positions and has determined that the credit valuation adjustments are not significant to the overall valuation of its derivatives. As a result, the Corporation has determined that its derivative valuations in their entirety are classified in Level 2 of the fair value hierarchy.

Deposits. The estimated fair value of demand deposits, savings accounts and certain money market deposits is the amount payable on demand at the reporting date because of the customers’ ability to withdraw funds immediately. The fair value of fixed-maturity deposits is estimated by discounting future cash flows using rates currently offered for deposits of similar remaining maturities.

Short-Term Borrowings. The carrying amounts for short-term borrowings approximate fair value for amounts that mature in 90 days or less. The fair value of subordinated notes is estimated by discounting future cash flows using rates currently offered.

Long-Term and Junior Subordinated Debt. The fair value of long-term and junior subordinated debt is estimated by discounting future cash flows based on the market prices for the same or similar issues or on the current rates offered to the Corporation for debt of the same remaining maturities.

Loan Commitments and Standby Letters of Credit. Estimates of the fair value of these off-balance sheet items were not made because of the short-term nature of these arrangements and the credit standing of the counterparties. Also, unfunded loan commitments relate principally to variable rate commercial loans, typically are non-binding, and fees are not normally assessed on these balances.

Nature of Estimates. Many of the estimates presented herein are based upon the use of highly subjective information and assumptions and, accordingly, the results may not be precise. Management believes that fair value estimates may not be comparable to other financial institutions due to the wide range of permitted valuation techniques and numerous estimates which must be made. Further, because the disclosed fair value amounts were estimated as of the balance sheet date, the amounts actually realized or paid upon maturity or settlement of the various financial instruments could be significantly different.

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The fair values of the Corporation’s financial instruments are as follows:

	Carrying		Fair		Fair Value Measurements
	Amount		Value		Level 1		Level 2		Level 3
March 31, 2014
Financial Assets
Cash and cash equivalents	$	246,253	$	246,253	$	246,253	$	—	$	—
Securities available for sale		1,274,070		1,274,070		623		1,271,370		2,077
Securities held to maturity		1,420,446		1,418,994		—		1,412,618		6,376
Net loans, including loans held for sale		9,834,857		9,668,159		—		—		9,668,159
Bank owned life insurance		307,872		312,290		312,290		—		—
Derivative assets		33,292		33,292		—		33,292		—
Accrued interest receivable		37,199		37,199		37,199		—		—
Financial Liabilities
Deposits		10,938,736		10,948,821		8,161,249		2,787,572		—
Short-term borrowings		1,216,624		1,216,624		1,216,624		—		—
Long-term debt		235,752		238,381		—		—		238,381
Junior subordinated debt		68,517		69,465		—		—		69,465
Derivative liabilities		40,165		40,165		—		40,165		—
Accrued interest payable		6,539		6,539		6,539		—		—
December 31, 2013
Financial Assets
Cash and cash equivalents	$	213,981	$	213,981	$	213,981	$	—	$	—
Securities available for sale		1,141,650		1,141,650		649		1,107,252		33,749
Securities held to maturity		1,199,169		1,189,563		—		1,182,671		6,892
Net loans, including loans held for sale		9,402,448		9,243,780		—		—		9,243,780
Bank owned life insurance		289,402		292,694		292,694		—		—
Derivative assets		33,317		33,317		—		33,317		—
Accrued interest receivable		35,520		35,520		35,520		—		—
Financial Liabilities
Deposits		10,198,232		10,208,268		7,592,159		2,616,109		—
Short-term borrowings		1,241,239		1,241,239		1,241,239		—		—
Long-term debt		143,928		145,995		—		—		145,995
Junior subordinated debt		75,205		70,442		—		—		70,442
Derivative liabilities		43,369		43,369		—		43,369		—
Accrued interest payable		7,061		7,061		7,061		—		—

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ITEM 2. MANAGEMENT’S DISCUSSION AND ANALYSIS OF FINANCIAL CONDITION AND RESULTS OF OPERATIONS

Management’s Discussion and Analysis represents an overview of the consolidated results of operations and financial condition of the Corporation and highlights material changes to the financial condition and results of operations at and for the three-month period ended March 31, 2014. This Discussion and Analysis should be read in conjunction with the consolidated financial statements and notes thereto contained herein and the Corporation’s consolidated financial statements and notes thereto and Management’s Discussion and Analysis included in its 2013 Annual Report on Form 10-K filed with the SEC on February 28, 2014. The Corporation’s results of operations for the three months ended March 31, 2014 are not necessarily indicative of results to be expected for the year ending December 31, 2014.

IMPORTANT CAUTIONARY STATEMENT REGARDING FORWARD-LOOKING INFORMATION

The Corporation makes statements in this Report, and may from time to time make other statements, regarding its outlook for earnings, revenues, expenses, capital levels, liquidity levels, asset levels, asset quality and other matters regarding or affecting the Corporation and its future business and operations that are forward-looking statements within the meaning of the Private Securities Litigation Reform Act. Forward-looking statements are typically identified by words such as “believe,” “plan,” “expect,” “anticipate,” “see,” “look,” “intend,” “outlook,” “project,” “forecast,” “estimate,” “goal,” “will,” “should” and other similar words and expressions. Forward-looking statements are subject to numerous assumptions, risks and uncertainties, which change over time.

Forward-looking statements speak only as of the date made. The Corporation does not assume any duty and does not undertake to update forward-looking statements. Actual results or future events could differ, possibly materially, from those anticipated in forward-looking statements, as well as from historical performance.

The Corporation’s forward-looking statements are subject to the following principal risks and uncertainties:

• The Corporation’s businesses, financial results and balance sheet values are affected by business and economic conditions, including the following:

• Changes in interest rates and valuations in debt, equity and other financial markets.

• Disruptions in the liquidity and other functioning of U.S. and global financial markets.

• The impact on federal regulated agencies that have oversight or review of the Corporation’s business and securities activities.

• Actions by the FRB, UST and other government agencies, including U.S. fiscal debt, budget and tax matters and those that impact money supply and market interest rates.

• Changes in customers,’ suppliers’ and other counterparties’ performance and creditworthiness which adversely affect loan utilization rates, delinquencies, defaults and counterparty ability to meet credit and other obligations.

• Slowing or reversal of the current moderate economic recovery and uncertainty concerning unemployment levels.

• Changes in customer preferences and behavior, whether due to changing business and economic conditions, legislative and regulatory initiatives, or other factors.

• Effect of changes in the level of checking or savings account deposits on the Corporation’s funding costs and net interest margin.

• Ability to achieve expense management and revenue enhancement initiatives, including as a result of business and economic cyclicality, seasonality, changes in the operating environment, growth of the Corporation’s business and/or acquisitions, increased expenses/income restrictions related to regulatory changes and unexpected expenses related to litigation and other matters.

• Legal and regulatory developments could affect the Corporation’s ability to operate its businesses, financial condition, results of operations, competitive position, reputation, or pursuit of attractive acquisition opportunities. Reputational impacts could affect matters such as business generation and retention, liquidity, funding, and ability to attract and retain management. These developments could include:

• Changes resulting from legislative and regulatory reforms, including broad-based restructuring of financial industry regulation; changes to laws and regulations involving tax, pension, bankruptcy, consumer protection, and other industry aspects; and changes in accounting policies and principles. The Corporation will continue to be impacted by extensive reforms provided for in the Dodd-Frank Act and otherwise growing out of the recent financial crisis, the precise nature, extent and timing of which, and their impact on the Corporation, remains uncertain.

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• The impact on fee income opportunities resulting from the limit imposed under the Durbin Amendment of the Dodd-Frank Act on the maximum permissible interchange fee that banks may collect from merchants for debit card transactions.

• Changes to regulations governing bank capital and liquidity standards, including due to the Dodd-Frank Act, Volcker rule and Basel III initiatives.

• Impact on business and operating results of any costs associated with obtaining rights in intellectual property, the adequacy of the Corporation’s intellectual property protection in general and rapid technological developments and changes. The Corporation’s ability to anticipate and respond to technological changes can also impact its ability to respond to customer needs and meet competitive demands.

• Business and operating results are affected by the Corporation’s ability to identify and effectively manage risks inherent in its businesses, including, where appropriate, through effective use of third-party insurance, derivatives, swaps, and capital management techniques, and to meet evolving regulatory capital standards.

• Increased competition, whether due to consolidation among financial institutions; realignments or consolidation of branch offices, legal and regulatory developments, industry restructuring or other causes, can have an impact on customer acquisition, growth and retention and on credit spreads and product pricing, which can affect market share, deposits and revenues.

• As demonstrated by the ANNB, PVF and BCSB acquisitions and the pending acquisition of OBA, the Corporation grows its business in part by acquiring from time to time other financial services companies, financial services assets and related deposits. These acquisitions often present risks and uncertainties, including, the possibility that the transaction cannot be consummated; regulatory issues; cost, or difficulties, involved in integration and conversion of the acquired businesses after closing; inability to realize expected cost savings, efficiencies and strategic advantages; the extent of credit losses in acquired loan portfolios and extent of deposit attrition; and the potential dilutive effect to current shareholders. In addition, with respect to the acquisitions of ANNB, PVF, BCSB and the pending acquisition of OBA, the Corporation may experience difficulties in expanding into a new market area, including retention of customers and key personnel of ANNB, PVF, BCSB and OBA.

• Competition can have an impact on customer acquisition, growth and retention and on credit spreads and product pricing, which can affect market share, deposits and revenues. Industry restructuring in the current environment could also impact the Corporation’s business and financial performance through changes in counterparty creditworthiness and performance and the competitive and regulatory landscape. The Corporation’s ability to anticipate and respond to technological changes can also impact its ability to respond to customer needs and meet competitive demands.

• Business and operating results can also be affected by widespread disasters, dislocations, terrorist activities, cyber-attacks or international hostilities through their impacts on the economy and financial markets.

• Failure in or breach of the Corporation’s operational or security system or infrastructure, or those of third party vendors or other service providers, including as a result of cyber-attacks.

The Corporation provides greater detail regarding some of these factors in the Risk Factors section of the 2013 Annual Report on Form 10-K and subsequent SEC filings. The Corporation’s forward-looking statements may also be subject to other risks and uncertainties, including those that may be discussed elsewhere in this Report or in SEC filings, accessible on the SEC’s website at www.sec.gov and on the Corporation’s website at www.fnbcorporation.com. The Corporation has included these web addresses as inactive textual references only. Information on these websites is not part of this document.

CRITICAL ACCOUNTING POLICIES

A description of the Corporation’s critical accounting policies is included in the Management’s Discussion and Analysis of Financial Condition and Results of Operations section of the Corporation’s 2013 Annual Report on Form 10-K filed with the SEC on February 28, 2014 under the heading “Application of Critical Accounting Policies.” There have been no significant changes in critical accounting policies or the assumptions and judgments utilized in applying these policies since the year ended December 31, 2013.

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OVERVIEW

The Corporation, headquartered in Hermitage, Pennsylvania, is a regional diversified financial services company operating in six states and three major metropolitan areas, including Pittsburgh, Pennsylvania, Baltimore, Maryland and Cleveland, Ohio. As of March 31, 2014, the Corporation had 283 banking offices throughout Pennsylvania, Ohio, Maryland and West Virginia. The Corporation provides a full range of commercial banking, consumer banking and wealth management solutions through its subsidiary network which is led by its largest affiliate, FNBPA. Commercial banking solutions include corporate banking, small business banking, investment real estate financing, business credit, capital markets and lease financing. Consumer banking products and services include deposit products, mortgage lending, consumer lending and a complete suite of mobile and online banking services. Wealth management services include asset management, private banking and insurance. The Corporation also operates Regency, which had 72 consumer finance offices in Pennsylvania, Ohio, Kentucky and Tennessee as of March 31, 2014.

RESULTS OF OPERATIONS

Three Months Ended March 31, 2014 Compared to the Three Months Ended March 31, 2013

Net income available to common stockholders for the three months ended March 31, 2014 was $32.2 million or $0.20 per diluted common share, compared to net income available to common stockholders for the three months ended March 31, 2013 of $28.5 million or $0.20 per diluted common share. The increase in net income available to common stockholders is a result of an increase of $14.7 million in net interest income, combined with an increase of $8.5 million in non-interest income and a decrease of $0.5 million in the provision for loan losses, partially offset by a $15.4 million increase in non-interest expense and a $2.3 million increase in preferred stock dividends. The results for the first quarter of 2014 reflect the BCSB, PVF and ANNB acquisitions that closed on February 15, 2014, October 12, 2013 and April 6, 2013, respectively, and included a total of $5.3 million in merger costs, primarily relating to the BCSB acquisition. The results for the first quarter of 2013 included $0.4 million in merger costs, primarily relating to the ANNB acquisition. Quarterly average common shares outstanding increased 22.9 million shares or 16.2% to 164.0 million shares for the first quarter of 2014, primarily as a result of the BCSB, PVF and ANNB acquisitions, combined with the common stock offering completed in November 2013.

For the three months ended March 31, 2014, the Corporation’s return on average equity was 7.65% and its return on average assets was 1.00%, compared to 8.20% and 0.96%, respectively, for the three months ended March 31, 2013. The Corporation’s return on average tangible equity was 14.57% and its return on average tangible assets was 1.11% for the first quarter of 2014, compared to 17.30% and 1.07%, respectively, for the same period of 2013. Average equity for the first quarter of 2014 reflects the impact of the BCSB, PVF and ANNB acquisitions, combined with the common and preferred stock offerings completed in November 2013.

In addition to evaluating its results of operations in accordance with GAAP, the Corporation routinely supplements its evaluation with an analysis of certain non-GAAP financial measures, such as return on average tangible equity and return on average tangible assets. The Corporation believes these non-GAAP financial measures provide information useful to investors in understanding the Corporation’s operating performance and trends, and facilitate comparisons with the performance of the Corporation’s peers. The non-GAAP financial measures used by the Corporation may differ from the non-GAAP financial measures other financial institutions use to measure their results of operations. Non-GAAP financial measures should be viewed in addition to, and not as an alternative for, the Corporation’s reported results prepared in accordance with GAAP.

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The following tables summarize the Corporation’s non-GAAP financial measures for the periods indicated derived from amounts reported in the Corporation’s financial statements (dollars in thousands):

	Three Months Ended March 31,
	2014			2013
Return on average tangible equity:
Net income (annualized)	$	140,016		$	115,739
Amortization of intangibles, net of tax (annualized)		6,018			5,076
	$	146,034		$	120,815
Average total stockholders’ equity	$	1,829,601		$	1,410,827
Less: Average intangibles		(827,344	)		(712,467	)
	$	1,002,257		$	698,360
Return on average tangible equity		14.57	%		17.30	%
Return on average tangible assets:
Net income (annualized)	$	140,016		$	115,739
Amortization of intangibles, net of tax (annualized)		6,018			5,076
	$	146,034		$	120,815
Average total assets	$	13,989,304		$	12,004,759
Less: Average intangibles		(827,344	)		(712,467	)
	$	13,161,960		$	11,292,291
Return on average tangible assets		1.11	%		1.07	%

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The following table provides information regarding the average balances and yields earned on interest earning assets and the average balances and rates paid on interest-bearing liabilities (dollars in thousands):

	Three Months Ended March 31,
	2014									2013
	Average Balance			Interest Income/ Expense			Yield/ Rate			Average Balance			Interest Income/ Expense			Yield/ Rate
Assets
Interest earning assets:
Interest bearing deposits with banks	$	46,193		$	26			0.23	%	$	30,071		$	14			0.19	%
Taxable investment securities (1)		2,346,808			12,450			2.07			2,084,966			10,597			1.98
Non-taxable investment securities (2)		149,611			1,996			5.34			169,421			2,337			5.52
Residential mortgage loans held for sale		4,844			136			11.16			32,357			280			3.46
Loans (2) (3)		9,695,742			104,994			4.39			8,156,278			93,631			4.64
Total interest earning assets (2)		12,243,198			119,602			3.95			10,473,093			106,859			4.12
Cash and due from banks		189,619									172,969
Allowance for loan losses		(110,385	)								(104,838	)
Premises and equipment		160,111									138,694
Other assets		1,506,761									1,324,841
Total Assets	$	13,989,304								$	12,004,759
Liabilities
Interest-bearing liabilities:
Deposits:
Interest bearing demand	$	4,099,093			1,515			0.15		$	3,649,049			1,502			0.17
Savings		1,494,248			172			0.05			1,244,250			168			0.05
Certificates and other time		2,695,067			5,462			0.82			2,493,703			6,595			1.07
Customer repurchase agreements		827,851			462			0.22			806,806			485			0.24
Other short-term borrowings		390,707			732			0.75			208,541			622			1.19
Long-term debt		217,894			1,071			1.99			91,134			774			3.44
Junior subordinated debt		76,048			641			3.42			204,025			1,876			3.73
Total interest-bearing liabilities (2)		9,800,908			10,055			0.42			8,697,508			12,022			0.56
Non-interest bearing demand		2,222,786									1,744,465
Other liabilities		136,009									151,959
Total Liabilities		12,159,703									10,593,932
Stockholders’ equity		1,829,601									1,410,827
Total Liabilities and Stockholders’ Equity	$	13,989,304								$	12,004,759
Excess of interest earning assets over interest-bearing liabilities	$	2,442,290								$	1,775,585
Fully tax-equivalent net interest income					109,547									94,837
Tax-equivalent adjustment					(1,722	)								(1,741	)
Net interest income				$	107,825								$	93,096
Net interest spread								3.53	%								3.56	%
Net interest margin (2)								3.62	%								3.66	%

(1) The average balances and yields earned on taxable investment securities are based on historical cost.

(2) The interest income amounts are reflected on a fully taxable equivalent (FTE) basis, a non-GAAP measure, which adjusts for the tax benefit of income on certain tax-exempt loans and investments using the federal statutory tax rate of 35% for each period presented. The yields on earning assets and the net interest margin are presented on an FTE and annualized basis. The rates paid on interest-bearing liabilities are also presented on an annualized basis. The Corporation believes this measure to be the preferred industry measurement of net interest income and provides relevant comparison between taxable and non-taxable amounts.

(3) Average balances include non-accrual loans. Loans consist of average total loans less average unearned income. The amount of loan fees included in interest income on loans is immaterial.

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Net Interest Income

Net interest income, which is the Corporation’s principal source of revenue, is the difference between interest income from earning assets (loans, securities, interest bearing deposits with banks and federal funds sold) and interest expense paid on liabilities (deposits, customer repurchase agreements and short- and long-term borrowings). For the three months ended March 31, 2014, net interest income, which comprised 71.9% of net revenue (net interest income plus non-interest income) compared to 73.5% for the same period in 2013, was affected by the general level of interest rates, changes in interest rates, the shape of the yield curve, the level of non-accrual loans and changes in the amount and mix of interest earning assets and interest-bearing liabilities.

Net interest income, on an FTE basis, increased $14.7 million or 15.5% from $94.8 million for the first quarter of 2013 to $109.5 million for the first quarter of 2014. Average earning assets increased $1.7 billion or 16.9% and average interest-bearing liabilities increased $1.1 million or 12.7% from 2013 due to the acquisitions of BCSB, PVF and ANNB, combined with organic growth in loans and deposits and customer repurchase agreements. The Corporation’s net interest margin was 3.62% for the first quarter of 2014, compared to 3.66% for the same period of 2013, as loan yields declined faster than deposit rates primarily as a result of the current low interest rate environment. Additionally, 3 basis points of the 4 basis point narrowing of the net interest margin was attributable to lower accretable yield benefit on acquired loans. Details on changes in tax equivalent net interest income attributed to changes in interest earning assets, interest-bearing liabilities, yields and cost of funds are set forth in the preceding table.

The following table sets forth certain information regarding changes in net interest income attributable to changes in the volumes of interest earning assets and interest-bearing liabilities and changes in the rates for the three months ended March 31, 2014 compared to the three months ended March 31, 2013 (in thousands):

	Volume			Rate			Net
Interest Income
Interest bearing deposits with banks	$	9		$	3		$	12
Securities		1,166			346			1,512
Residential mortgage loans held for sale		(384	)		240			(144	)
Loans		17,725			(6,362	)		11,363
		18,516			(5,773	)		12,743
Interest Expense
Deposits:
Interest bearing demand		242			(229	)		13
Savings		31			(27	)		4
Certificates and other time		495			(1,628	)		(1,133	)
Customer repurchase agreements		12			(35	)		(23	)
Other short-term borrowings		100			10			110
Long-term debt		728			(431	)		297
Junior subordinated debt		(1,090	)		(145	)		(1,235	)
		518			(2,485	)		(1,967	)
Net Change	$	17,998		$	(3,288	)	$	14,710

(1) The amount of change not solely due to rate or volume changes was allocated between the change due to rate and the change due to volume based on the net size of the rate and volume changes.

(2) Interest income amounts are reflected on an FTE basis which adjusts for the tax benefit of income on certain tax-exempt loans and investments using the federal statutory tax rate of 35% for each period presented. The Corporation believes this measure to be the preferred industry measurement of net interest income and provides relevant comparison between taxable and non-taxable amounts.

Interest income, on an FTE basis, of $119.6 million for the first quarter of 2014, increased $12.7 million or 11.9% from the same quarter of 2013, primarily due to increased earning assets, partially offset by lower yields. During the first quarter of 2014 and 2013, the Corporation recognized a benefit of $0.6 million and $1.3 million, respectively, in accretable yield on acquired loans. The increase in earning assets was primarily driven by a $1.5 billion or 18.9% increase in average loans, including $588.5 million or 7.2% of organic growth, $156.3 million in average loans added in the BCSB acquisition, $535.7 million in average loans added in the PVF acquisition and $258.9 million in average loans added in the ANNB acquisition. The yield on earning assets decreased 17 basis points from the first quarter of 2013 to 3.95% for the first quarter of 2014, reflecting the decreases in market interest rates, competitive pressures and the above-mentioned changes in accretable yield benefit on acquired loans.

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Interest expense of $10.1 million for the first quarter of 2014 decreased $2.0 million or 16.4% from the same quarter of 2013 due to lower rates paid, partially offset by growth in interest-bearing liabilities. The rate paid on interest-bearing liabilities decreased 14 basis points to 0.42% for the first quarter of 2014, compared to 0.56% for the first quarter of 2013, reflecting changes in interest rates and a favorable shift in deposit mix to lower-cost transaction deposits and customer repurchase agreements. The growth in average interest-bearing liabilities was primarily attributable to growth in average deposits and customer repurchase agreements, which increased by $1.4 billion or 14.1%, including $71.7 million or 0.7% of organic growth, $263.1 million added in the BCSB acquisition, $707.6 million added in the PVF acquisition and $358.3 million added in the ANNB acquisition.

Provision for Loan Losses

The provision for loan losses is determined based on management’s estimates of the appropriate level of allowance for loan losses needed to absorb probable losses inherent in the existing loan portfolio, after giving consideration to charge-offs and recoveries for the period.

The provision for loan losses of $7.0 million during the first quarter of 2014 decreased $0.5 million from the same period of 2013, primarily due to a decrease of $2.0 million in the provision for the acquired portfolio, partially offset by an increase of $1.5 million in the provision for the originated portfolio. During the first quarter of 2014, net charge-offs were $5.6 million, or 0.23% (annualized) of average loans, compared to $4.2 million, or 0.21% (annualized) of average loans, for the same period of 2013, reflecting consistent, solid performance in the Corporation’s loan portfolio. The ratio of the allowance for loan losses to total loans equaled 1.13% and 1.31% at March 31, 2014 and 2013, respectively, which reflects the Corporation’s overall favorable credit quality performance along with the addition of loans acquired in the BCSB, PVF and ANNB acquisitions without a corresponding allowance for loan losses in accordance with acquired loan accounting rules. For additional information relating to the allowance and provision for loan losses, refer to the Allowance and Provision for Loan Losses section of this Management’s Discussion and Analysis.

Non-Interest Income

Total non-interest income of $42.1 million for the first quarter of 2014 increased $8.5 million or 25.2% from the same period of 2013. The variances in significant individual non-interest income items are further explained in the following paragraphs.

Service charges on loans and deposits of $15.3 million for the first quarter of 2014 decreased $1.1 million or 6.9% from the same period of 2013, primarily due to a decrease of $2.3 million in interchange fees as the Corporation became subject to the new rules regarding debit card interchange fees imposed by the Durbin Amendment of the Dodd-Frank Act effective July 1, 2013. Other service charges increased $1.0 million over this same period, reflecting the impact of organic growth and the expanded customer base due to the BCSB, PVF and ANNB acquisitions. For information relating to the impact of the new regulations on the Corporation’s income from interchange fees, refer to the Dodd-Frank Wall Street Reform and Consumer Protection Act section of this Management’s Discussion and Analysis.

Trust fees of $4.8 million for the three months ended March 31, 2014 increased $0.7 million or 16.6% from the same period of 2013, primarily driven by cross-selling efforts collaborating with internal business partners, added sales professionals and improved market conditions. The market value of assets under management increased $363.4 million or 12.6% to $3.2 billion over this same period as a result of organic growth and improved stock market conditions.

Insurance commissions and fees of $4.9 million for the three months ended March 31, 2014 increased $0.5 million or 11.6% from the same period of 2013, primarily due to the implementation of revenue-enhancing strategies and initiatives.

Securities commissions of $2.4 million for the first quarter of 2014 decreased $0.6 million or 18.8% from the same period of 2013 primarily due to a system conversion combined with the impact of severe weather conditions throughout the Corporation’s market area.

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Net securities gains were $9.5 million for the first quarter of 2014, compared to $0.7 million for the first quarter of 2013. During the first quarter of 2014, the Corporation strategically sold its entire portfolio of pooled TPS with net proceeds of $51.5 million and a gain of $13.8 million. Of the 23 pooled securities sold, one was determined to be a disallowed investment under the Volcker Rule of the Dodd-Frank Act, and as such, was required to be disposed of by July 2015. Partially offsetting this gain was a loss of $4.3 million relating to the sale of other securities. By selling these securities, the Corporation strengthened the risk profile of its investment portfolio, improved its capital levels due to lowered risk-weighted assets and generated leverageable capital to support future growth.

Mortgage banking revenue, which is primarily derived from the gain on sale of loans, was $0.2 million for the first quarter of 2014 and decreased $0.9 million from the same period of 2013 due to lower volume and an increase in the amortization of mortgage servicing rights. During the first quarter of 2014, the Corporation sold $22.6 million of residential mortgage loans, compared to $68.2 million for the same period of 2013, as part of its ongoing strategy of generally selling 30-year residential mortgage loans. The volume decrease is an industry-wide trend as refinance activity has greatly diminished.

Income from BOLI of $2.2 million for the first three months of 2014 increased $0.5 million or 33.6% from the first three months of 2013, primarily as a result of continued management actions designed to improve performance, along with additional policies acquired in the BCSB, PVF and ANNB acquisitions.

Other non-interest income of $2.8 million for the first quarter of 2014 increased $0.5 million or 21.1% from the same period of 2013. During the first quarter of 2014, the Corporation recognized a $0.7 million gain on the sale of impaired commercial loans. Additionally, during the first quarter of 2014, the Corporation recorded $0.4 million more in dividends on non-marketable equity securities and $0.3 million more in fees earned through its commercial loan interest rate swap program compared to the same quarter of 2013. Partially offsetting these increases in other non-interest income is a gain of $0.6 million recognized during the first quarter of 2013 relating to the successful harvesting of a mezzanine financing relationship by its merchant banking subsidiary.

Non-Interest Expense

Total non-interest expense of $94.2 million for the first quarter of 2014 increased $15.4 million or 19.5% from the same period of 2013. The variances in the individual non-interest expense items are further explained in the following paragraphs with an overriding theme of the expense increases primarily related to the branch offices and operations acquired from BCSB, PVF and ANNB.

Salaries and employee benefits of $49.0 million for the three months ended March 31, 2014 increased $5.0 million or 11.5% from the same period of 2013. This increase primarily relates to the BCSB, PVF and ANNB acquisitions, combined with new hires, merit increases and higher medical insurance costs in 2014. Additionally, the Corporation recorded a net charge of $1.9 million during the first quarter of 2014 relating to the mutual conclusion of a consulting agreement with a retired executive.

Occupancy and equipment expense of $15.4 million for the first quarter of 2014 increased $3.2 million or 26.2% from the same period of 2013, primarily resulting from the BCSB, PVF and ANNB acquisitions, combined with an increase in equipment depreciation expense due to upgrades to incorporate new technology, primarily relating to online and mobile banking applications and an increase in snow removal expense resulting from severe weather conditions throughout the Corporation’s market area.

Amortization of intangibles expense of $2.3 million for the first quarter of 2014 increased $0.4 million or 18.6% from the same period of 2013, primarily due to core deposit intangibles recorded as a result of the BCSB, PVF and ANNB acquisitions.

Outside services expense remained the same at $7.2 million for both the three months ended March 31, 2014 and 2013. For the first quarter of 2014, compared to the same quarter of 2013, consulting fees decreased $0.8 million due to a refund of $0.4 million of previously paid fees for system enhancements, while other outside services, legal expenses and insurance expenses increased $0.5 million, $0.2 million and $0.1 million, respectively, primarily resulting from the BCSB, PVF and ANNB acquisitions and costs related to compliance with new regulations, including capital stress testing.

Federal Deposit Insurance Corporation (FDIC) insurance of $3.0 million for the first quarter of 2014 increased $0.6 million or 26.7% from the same period of 2013, primarily due to an increased asset base resulting from the acquisitions of PVF and ANNB.

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The Corporation recorded $5.3 million in merger-related costs associated with the BCSB acquisition during the first quarter of 2014. Merger-related costs recorded during the same period of 2013 in conjunction with the ANNB acquisition were $0.4 million.

Other non-interest expense increased $1.1 million to $12.0 million for the first quarter of 2014, compared to $10.9 million for the first quarter of 2013. For the first quarter of 2014 compared to the same quarter of 2013, OREO expense increased $0.6 million as the 2013 period was low due to gains on sale of OREO properties absent in 2014, state taxes increased $0.5 million resulting from a higher assessment base related to state tax code changes and supplies increased $0.4 million primarily due to the BCSB, PVF and ANNB acquisitions. These increases were partially offset by a decrease of $0.4 million in marketing expenses due to strategically lower spending during the first three months of 2014.

Income Taxes

The Corporation’s income tax expense of $14.2 million for the first quarter of 2014 increased $2.4 million or 20.1% from the same period of 2012. The effective tax rate of 29.1% for the first quarter of 2014 decreased slightly from 29.3% for the same period of 2013, reflecting the benefit of tax credits. Both periods’ tax rates are lower than the 35% federal statutory tax rate due to the tax benefits primarily resulting from tax-exempt income on investments, loans and BOLI, as well as tax credits.

LIQUIDITY

The Corporation’s goal in liquidity management is to satisfy the cash flow requirements of customers and the operating cash needs of the Corporation with cost-effective funding. The Board of Directors of the Corporation has established an Asset/Liability Management Policy in order to achieve and maintain earnings performance consistent with long-term goals while maintaining acceptable levels of interest rate risk, a “well-capitalized” balance sheet and adequate levels of liquidity. The Board of Directors of the Corporation has also established a Contingency Funding Policy to address liquidity crisis conditions. These policies designate the Corporate Asset/Liability Committee (ALCO) as the body responsible for meeting these objectives. The ALCO, which includes members of executive management, reviews liquidity on a periodic basis and approves significant changes in strategies that affect balance sheet or cash flow positions. Liquidity is centrally managed on a daily basis by the Corporation’s Treasury Department.

FNBPA generates liquidity from its normal business operations. Liquidity sources from assets include payments from loans and investments, as well as the ability to securitize, pledge or sell loans, investment securities and other assets. Liquidity sources from liabilities are generated primarily through the banking offices of FNBPA in the form of deposits and customer repurchase agreements. The Corporation also has access to reliable and cost-effective wholesale sources of liquidity. Short- and long-term funds can be acquired to help fund normal business operations, as well as to serve as contingency funding in the event that the Corporation would be faced with a liquidity crisis.

The principal sources of the parent company’s liquidity are its strong existing cash resources plus dividends it receives from its subsidiaries. These dividends may be impacted by the parent’s or its subsidiaries’ capital needs, statutory laws and regulations, corporate policies, contractual restrictions, profitability and other factors. Cash on hand at the parent has been favorably impacted by management strategies over the last few quarters. These include strong earnings, a consistent dividend and capital actions. The capital actions include the raising of $161.3 million via the issuance of common and preferred equity during the fourth quarter of 2013. These proceeds were utilized to redeem various TPS obligations of the Corporation totaling $138.0 million, with $115.0 million occurring during the fourth quarter of 2013 and $23.0 million occurring during the first quarter of 2014. The positive results of these strategies can be seen in the parent’s cash position as it has increased from $103.3 million at September 31, 2013 to $145.9 million at December 31, 2013 and decreased to $119.9 million at March 31, 2014.

Management believes cash levels for the Corporation are appropriate given the current environment. Two metrics that are used to gauge the adequacy of the parent company’s cash position are the Liquidity Coverage Ratio (LCR) and Months of Cash on Hand (MCH). The LCR is defined as the sum of cash on hand plus projected cash inflows over the next 12 months divided by cash outflows over the next 12 months. The LCR was 2.1 times at March 31, 2014 and 2.2 times at December 31, 2013. The internal limit for LCR is for the ratio to be greater than 1.0 time. The MCH is defined as the number of months of corporate expenses that can be covered by the cash on hand. The MCH was 12.7 months at March 31, 2014 and 15.2 months at December 31, 2013. The internal limit for MCH is for the ratio to be greater than 12 months. In addition, the Corporation issues subordinated notes on a regular basis. Subordinated notes increased $0.5 million or 0.2% during the first three months of 2014 to $214.6 million at March 31, 2014.

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The liquidity position of the Corporation continues to be strong as evidenced by its ability to generate growth in relationship-based accounts. Period-end transaction deposits and customer repurchase agreements organically grew $230.0 million, or 10.8% annualized for the first quarter of 2014, and represent 76.0% of total deposits and customer repurchase agreements at March 31, 2014. Total deposits and customer repurchase agreements organically increased $160.2 million or 5.8% for the first quarter of 2014 as the solid growth in lower cost, relationship-based accounts was offset by a continued planned decline in time deposits. Time deposits organically declined $70.1 million or 10.7% over this same period, reflecting the plan to reduce these accounts due to the Corporation’s strong liquidity position and customers shifting to lower cost transactional products.

FNBPA had unused wholesale credit availability of $4.9 billion or 34.4% of bank assets at March 31, 2014 and $4.8 billion or 35.6% of bank assets at December 31, 2013. These sources include the availability to borrow from the FHLB, the FRB, correspondent bank lines and access to brokered certificates of deposit. In addition to credit availability, FNBPA also possesses salable unpledged government and agency securities which could be sold to meet funding needs. These securities totaled $926.0 million, or 6.5% of total assets and $533.1 million, or 4.0% of total assets as of March 31, 2014 and December 31, 2013, respectively. The ALCO Policy minimum level is 3.0%.

Another metric for measuring liquidity risk is the liquidity gap analysis. The following liquidity gap analysis (in thousands) for the Corporation as of March 31, 2014 compares the difference between cash flows from existing assets and liabilities over future time intervals. Management seeks to limit the size of the liquidity gaps so that sources and uses of funds are reasonably matched in the normal course of business. A reasonably matched position lays a better foundation for dealing with additional funding needs during a potential liquidity crisis. The twelve-month cumulative gap to total assets was (0.2)% and (1.1)% as of March 31, 2014 and December 31, 2013, respectively.

	Within 1 Month			2-3 Months			4-6 Months			7-12 Months			Total 1 Year
Assets
Loans	$	281,009		$	444,897		$	606,323		$	1,128,444		$	2,460,673
Investments		89,511			80,592			114,111			196,529			480,743
		370,520			525,489			720,434			1,324,973			2,941,416
Liabilities
Non-maturity deposits		74,073			148,146			222,220			444,439			888,878
Time deposits		160,784			298,864			460,235			636,366			1,556,249
Borrowings		319,364			38,610			59,068			107,254			524,296
		554,221			485,620			741,523			1,188,059			2,969,423
Period Gap (Assets – Liabilities)	$	(183,701	)	$	39,869		$	(21,089	)	$	136,914		$	(28,007	)
Cumulative Gap	$	(183,701	)	$	(143,832	)	$	(164,921	)	$	(28,007	)
Cumulative Gap to Total Assets		(1.3	)%		(1.0	)%		(1.1	)%		(0.2	)%

In addition, the ALCO regularly monitors various liquidity ratios and stress scenarios of the Corporation’s liquidity position. The stress scenarios forecast that adequate funding will be available even under severe conditions. Management believes the Corporation has sufficient liquidity available to meet its normal operating and contingency funding cash needs.

MARKET RISK

Market risk refers to potential losses arising from changes in interest rates, foreign exchange rates, equity prices and commodity prices. The Corporation is primarily exposed to interest rate risk inherent in its lending and deposit-taking activities as a financial intermediary. To succeed in this capacity, the Corporation offers an extensive variety of financial products to meet the diverse needs of its customers. These products sometimes contribute to interest rate risk for the Corporation when product groups do not complement one another. For example, depositors may want short-term deposits while borrowers desire long-term loans.

Changes in market interest rates may result in changes in the fair value of the Corporation’s financial instruments, cash flows and net interest income. The ALCO is responsible for market risk management which involves devising policy guidelines, risk measures and limits, and managing the amount of interest rate risk and its effect on net interest income and capital. The Corporation uses derivative financial instruments for interest rate risk management purposes and not for trading or speculative purposes.

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Interest rate risk is comprised of repricing risk, basis risk, yield curve risk and options risk. Repricing risk arises from differences in the cash flow or repricing between asset and liability portfolios. Basis risk arises when asset and liability portfolios are related to different market rate indexes, which do not always change by the same amount. Yield curve risk arises when asset and liability portfolios are related to different maturities on a given yield curve; when the yield curve changes shape, the risk position is altered. Options risk arises from “embedded options” within asset and liability products as certain borrowers have the option to prepay their loans when rates fall, while certain depositors can redeem their certificates of deposit early when rates rise.

The Corporation uses an asset/liability model to measure its interest rate risk. Interest rate risk measures utilized by the Corporation include earnings simulation, economic value of equity (EVE) and gap analysis.

Gap analysis and EVE are static measures that do not incorporate assumptions regarding future business. Gap analysis, while a helpful diagnostic tool, displays cash flows for only a single rate environment. EVE’s long-term horizon helps identify changes in optionality and longer-term positions. However, EVE’s liquidation perspective does not translate into the earnings-based measures that are the focus of managing and valuing a going concern. Net interest income simulations explicitly measure the exposure to earnings from changes in market rates of interest. In these simulations, the Corporation’s current financial position is combined with assumptions regarding future business to calculate net interest income under various hypothetical rate scenarios. The ALCO reviews earnings simulations over multiple years under various interest rate scenarios on a periodic basis. Reviewing these various measures provides the Corporation with a comprehensive view of its interest rate risk profile.

The following repricing gap analysis (in thousands) as of March 31, 2014 compares the difference between the amount of interest earning assets and interest-bearing liabilities subject to repricing over a period of time. Management utilizes the repricing gap analysis as a diagnostic tool in managing net interest income and EVE risk measures.

	Within 1 Month			2-3 Months			4-6 Months			7-12 Months			Total 1 Year
Assets
Loans	$	3,349,754		$	896,554		$	538,825		$	928,282		$	5,713,415
Investments		94,230			93,018			133,662			258,567			579,477
		3,443,984			989,572			672,487			1,186,849			6,292,892
Liabilities
Non-maturity deposits		2,555,891			—			—			—			2,555,891
Time deposits		168,783			300,162			460,938			637,367			1,567,250
Borrowings		1,082,889			29,961			13,845			16,809			1,143,504
		3,807,563			330,123			474,783			654,176			5,266,645
Off-balance sheet		(200,000	)		—			—			—			(200,000	)
Period Gap (assets – liabilities + off-balance sheet)	$	(563,579	)	$	659,449		$	197,704		$	532,673		$	826,247
Cumulative Gap	$	(563,579	)	$	95,870		$	293,574		$	826,247
Cumulative Gap to Assets		(3.9	)%		0.7	%		2.0	%		5.7	%

The twelve-month cumulative repricing gap to total assets was 5.7% and 5.5% as of March 31, 2014 and December 31, 2013, respectively. The positive cumulative gap positions indicate that the Corporation has a greater amount of repricing earning assets than repricing interest-bearing liabilities over the subsequent twelve months. If interest rates increase then net interest income will increase and, conversely, if interest rates decrease then net interest income will decrease.

The allocation of non-maturity deposits and customer repurchase agreements to the one-month maturity category above is based on the estimated sensitivity of each product to changes in market rates. For example, if a product’s rate is estimated to increase by 50% as much as the market rates, then 50% of the account balance was placed in this category.

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The following net interest income metrics were calculated using rate shocks which move market rates in an immediate and parallel fashion. The variance percentages represent the change between the net interest income or EVE calculated under the particular rate scenario versus the net interest income or EVE that was calculated assuming market rates as of March 31, 2014.

The following table presents an analysis of the potential sensitivity of the Corporation’s net interest income and EVE to changes in interest rates:

	March 31, 2014			December 31, 2013			ALCO Limits
Net interest income change (12 months):
+ 300 basis points		3.9	%		3.5	%		n/a
+ 200 basis points		2.8	%		2.5	%		(5.0	)%
+ 100 basis points		1.4	%		1.1	%		(5.0	)%
- 100 basis points		(2.7	)%		(2.1	)%		(5.0	)%
Economic value of equity:
+ 300 basis points		(0.5	)%		(2.6	)%		(25.0	)%
+ 200 basis points		0.6	%		(1.5	)%		(15.0	)%
+ 100 basis points		1.3	%		(0.5	)%		(10.0	)%
- 100 basis points		(4.1	)%		(4.3	)%		(10.0	)%

The Corporation also models rate scenarios which move all rates gradually over twelve months (Rate Ramps) and also scenarios that gradually change the shape of the yield curve. A +300 basis point Rate Ramp increases net interest income (12 months) by 2.8% at March 31, 2014 and 2.5% at December 31, 2013.

The Corporation’s strategy is generally to manage to a neutral interest rate risk position. However, given the current interest rate environment, the interest rate risk position has been managed to an asset-sensitive position. Currently, rising rates are expected to have a modest, positive effect on net interest income versus net interest income if rates remained unchanged. The Corporation has maintained a relatively stable net interest margin over the last five years despite market rate volatility.

The ALCO utilizes several tactics to manage the Corporation’s interest rate risk position. As mentioned earlier, the growth in transaction deposits provides funding that is less interest rate-sensitive than time deposits and wholesale borrowings. On the lending side, the Corporation regularly sells long-term fixed-rate residential mortgages to the secondary market and has been successful in the origination of consumer and commercial loans with short-term repricing characteristics. Total variable and adjustable-rate loans were 58.4% and 59.9% of total loans as of March 31, 2014 and December 31, 2013, respectively. This decrease was mainly due to the acquisition of BCSB. The investment portfolio is used, in part, to manage the Corporation’s interest rate risk position. The Corporation has managed the duration of its investment portfolio over the last year to be slightly longer given the asset sensitive nature of its balance sheet. At March 31, 2014, the portfolio duration was 3.6 versus a 3.3 level at December 31, 2013. Finally, the Corporation has made use of interest rate swaps to commercial borrowers (commercial swaps) to manage its interest rate risk position as the commercial swaps effectively increase adjustable-rate loans. As of March 31, 2014, the commercial swaps totaled $839.0 million of notional principal, with $45.5 million in notional swap principal originated during 2014. The success of the aforementioned tactics has resulted in an asset-sensitive position. During the first quarter of 2014, long-term interest rates decreased slightly causing cash flows from certain mortgage-related portfolios to shorten slightly, which contributed to an increase in the asset-sensitive interest rate risk position during the first quarter of 2014. The addition of BCSB providing less rate sensitive deposits, and the borrowing of two FHLB advances also contributed to the change in the interest rate risk position. These increases in the net asset-sensitivity position were slightly offset by a slight increase in the use of overnight borrowings compared to the prior quarter. In order to manage the interest rate risk position and generate incremental earnings, between December 2012 and August 2013 the Corporation entered into four separate interest rate derivative agreements totaling $200.0 million of notional principal in swaps which pay a variable interest rate and receive a fixed interest rate. For additional information regarding interest rate swaps, see the Derivative Instruments footnote in this Report.

The Corporation recognizes that all asset/liability models have some inherent shortcomings. Asset/liability models require certain assumptions to be made, such as prepayment rates on interest earning assets and repricing impact on non-maturity deposits, which may differ from actual experience. These business assumptions are based upon the Corporation’s experience, business plans and available industry data. While management believes such assumptions to be reasonable, there can be no assurance that modeled results will be achieved. Furthermore, the metrics are based upon the balance sheet structure as of the valuation date and do not reflect the planned growth or management actions that could be taken.

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RISK MANAGEMENT

The Corporation’s Board of Directors recognizes that, as a financial institution, the Corporation takes on a certain amount of risk in every business decision, transaction and activity. The Corporation’s Board of Directors and management have identified six major categories of risk: credit risk, market risk, liquidity risk, reputational risk, operational risk and regulatory compliance risk. In its oversight role of the Corporation’s risk management function, the Board of Directors is mindful that risk management is not about eliminating risk, but rather is about identifying, accepting and managing risks so as to optimize total shareholder value, while balancing prudent business considerations and safety and soundness.

The Corporation supports its risk management process through a governance structure involving its Board of Directors and senior management. The Corporation’s Risk Committee helps ensure that business decisions in the organization are executed within its desired risk profile. The Risk Committee has the following oversight responsibilities:

• identification, measurement, assessment and monitoring of enterprise-wide risk across the Corporation and its subsidiaries;

• development of appropriate and meaningful risk metrics to use in connection with the oversight of the Corporation’s businesses and strategies;

• review and assessment of the Corporation’s policies and practices to manage the Corporation’s credit, market, liquidity and operating risk (including technology, operational, compliance and fiduciary risks); and

• identification and implementation of risk management best practices.

The Risk Committee serves as the primary point of contact between the Corporation’s Board of Directors and the FNBPA Risk Management Committee, which is the senior management level committee responsible for FNBPA’s risk management.

As noted above, the Corporation’s principal subsidiary, FNBPA, has a Risk Management Committee comprised of senior management. The purpose of this committee is to provide regular oversight of specific areas of risk with respect to the level of risk and risk management structure. Management has also established an Operational Risk Committee that is responsible for identifying, evaluating and monitoring operational risks across the Corporation. The Operational Risk Committee is responsible for evaluating and approving appropriate remediation efforts to address identified operational risks. The Operational Risk Committee provides periodic reports concerning operational risks to the FNBPA Risk Management Committee. The FNBPA Risk Management Committee reports on a regular basis to the Corporation’s Risk Committee regarding the enterprise-wide risk profile of the Corporation and other significant risk management issues. The Corporation’s Chief Risk Officer is responsible for the design and implementation of the Corporation’s enterprise-wide risk management strategy and framework and ensures the coordinated and consistent implementation of risk management initiatives and strategies on a day-to-day basis. FNBPA’s Compliance Department, which reports to the Chief Risk Officer, is responsible for developing policies and procedures and monitoring FNBPA’s compliance with applicable laws and regulations. Further, the Corporation’s audit function performs an independent assessment of the Corporation’s internal controls environment and plays an integral role in testing the operation of internal controls systems and reporting findings to management and the Corporation’s Audit Committee. Both the Corporation’s Risk Committee and Audit Committee regularly report on risk-related matters to the Corporation’s Board of Directors. In addition, both the Corporation’s Risk Committee and FNBPA’s Risk Management Committee regularly assess the Corporation’s enterprise-wide risk profile and provide guidance on actions needed to address key and emerging risk issues.

The Board of Directors believes that the Corporation’s enterprise-wide risk management process is effective since it includes the following material components:

• enables the Board of Directors to assess the quality of the information it receives;

• enables the Board of Directors to understand the businesses, investments and financial, accounting, regulatory and strategic considerations of the Corporation and its subsidiaries, and the risks that they face;

• enables the Board of Directors to oversee and assess how senior management evaluates risk; and

• enables the Board of Directors to assess appropriately the quality of the Corporation’s enterprise-wide risk management process.

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DEPOSITS AND CUSTOMER REPURCHASE AGREEMENTS

Following is a summary of deposits and customer repurchase agreements (in thousands):

	March 31, 2014		December 31, 2013
Non-interest bearing demand	$	2,353,444	$	2,200,081
Interest bearing demand		4,238,715		3,968,679
Savings		1,569,090		1,423,399
Certificates of deposit and other time deposits		2,777,487		2,606,073
Total deposits		10,938,736		10,198,232
Customer repurchase agreements		787,712		841,741
Total deposits and customer repurchase agreements	$	11,726,448	$	11,039,973

Total deposits and customer repurchase agreements increased by $686.5 million, or 6.2%, to $11.7 billion at March 31, 2014, compared to December 31, 2013, primarily as a result of the acquisition of BCSB combined with organic growth in relationship-based transaction deposits, which are comprised of demand (non-interest bearing and interest bearing) and savings accounts, partially offset by a decrease in customer repurchase agreements and the continued planned decline in time deposits. Generating growth in relationship-based transaction deposits and customer repurchase agreements remains a key focus of the Corporation.

NON-PERFORMING ASSETS

Credit quality for the first three months of 2014 reflects continued solid performance by the Corporation. During the first three months of 2014, non-performing loans and OREO increased $4.5 million, from $118.1 million at December 31, 2013 to $122.6 million at March 31, 2014, primarily as the result of increases of $1.3 million in non-accrual loans, $0.7 million in TDRs and $2.5 million in OREO. The increase in non-accrual loans was primarily due to migration within the consumer loan portfolios, the increase in TDRs was primarily attributed to loans secured by residential mortgages and the increase in OREO was a result of the BCSB acquisition.

Following is a summary of non-performing loans, by class (in thousands):

	March 31, 2014		December 31, 2013
Commercial real estate	$	45,931	$	43,648
Commercial and industrial		4,420		6,683
Commercial leases		744		734
Total commercial loans and leases		51,095		51,065
Direct installment		13,346		10,577
Residential mortgages		12,662		14,012
Indirect installment		1,399		1,202
Consumer lines of credit		921		597
Other		—		—
	$	79,423	$	77,453

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Following is a summary of performing, non-performing and non-accrual TDRs, by class (in thousands):

	Performing		Non- Performing		Non-Accrual		Total
March 31, 2014
Commercial real estate	$	24	$	2,546	$	10,286	$	12,856
Commercial and industrial		744		226		235		1,205
Commercial leases		—		—		—		—
Total commercial loans and leases		768		2,772		10,521		14,061
Direct installment		5,018		6,941		1,018		12,977
Residential mortgages		4,295		9,141		776		14,212
Indirect installment		—		140		74		214
Consumer lines of credit		208		390		—		598
Other		—		—		—		—
	$	10,289	$	19,384	$	12,389	$	42,062
December 31, 2013
Commercial real estate	$	24	$	2,688	$	10,435	$	13,147
Commercial and industrial		749		40		237		1,026
Commercial leases		—		—		—		—
Total commercial loans and leases		773		2,728		10,672		14,173
Direct installment		5,404		5,891		1,070		12,365
Residential mortgages		3,743		9,752		883		14,378
Indirect installment		—		142		80		222
Consumer lines of credit		300		185		—		485
Other		—		—		—		—
	$	10,220	$	18,698	$	12,705	$	41,623

ALLOWANCE FOR LOAN LOSSES

Commercial loans are individually risk-rated by the loan relationship manager, approved by the appropriate loan authority or committee and reviewed on an ongoing basis by the Loan Review department. In general, commercial loan risk ratings are affirmed at least annually. Troubled, classified and non-performing loans and borrowers are reviewed more frequently by the Special Attention Credit Committee. Impaired commercial relationships with exposures greater than or equal to $500 thousand are subject to specific measurement of impairment and the establishment of an ASC 310 specific reserve, if any. These reserve allocations are generally collateral dependent. Consumer and residential real estate loans are generally reviewed in the aggregate due to their homogeneous nature. Non-account specific ASC 450 reserve allocations, along with allocations to impaired loan relationships under $500 thousand, are applied a quantitative loss factor in a pool based on migration analysis for commercial loans, roll-rate analysis for consumer and residential loans and the qualitative factors described below.

Management evaluates the impact of various qualitative factors which pose additional risks that may not adequately be addressed in the quantitative analyses described above. Historical loss rates for each loan category may be adjusted for levels of and trends in loan volumes, large exposures, charge-offs, recoveries, delinquency, non-performing and other impaired loans. In addition, management takes into consideration the impact of changes to lending policies; the experience and depth of lending management and staff; the results of internal loan reviews; concentrations of credit; mergers and acquisitions; weighted average risk ratings; competition, legal and regulatory risk; market uncertainty and collateral illiquidity; national and local economic trends; or any other common risk factor that might affect loss experience across one or more components of the portfolio. The assessment of relevant economic factors indicates that the Corporation’s primary markets historically tend to lag the national economy, with local economies in the Corporation’s primary market areas also improving or weakening, as the case may be, but at a more measured rate than the national trends. Regional economic factors influencing management’s estimate of allowance for loan losses include uncertainty of the labor markets in the regions the Corporation serves and a contracting labor force due, in part, to productivity growth and industry consolidations. The determination of this component of the allowance for loan losses is particularly dependent on the judgment of management.

The allowance for loan losses at March 31, 2014 increased $1.4 million or 1.3% from December 31, 2013, primarily due to growth in originated loans and, to a lesser extent, to support the acquired portfolio. The provision for loan losses during the three months ended March 31, 2014 was $7.0 million, covering net charge-offs of $5.6 million with the remainder supporting originated loan growth and the acquired portfolios. The allowance for loan losses as a percentage of non-performing loans for the Corporation’s total portfolio decreased from 93.15% as of December 31, 2013 to 91.50% as of March 31, 2014.

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Following is a summary of supplemental statistical ratios pertaining to the Corporation’s originated loan portfolio. The originated loan portfolio excludes loans acquired at fair value and accounted for in accordance with ASC 805, which was effective January 1, 2009. The decline in each ratio is consistent with generally positive trends in asset quality, including a continued reduction of loans in the Florida portfolio.

	At or For the Three Months Ended
	March 31, 2014			December 31, 2013			March 31, 2013
Non-performing loans/total originated loans		0.95	%		0.95	%		1.11	%
Non-performing loans + OREO/total originated loans + OREO		1.46	%		1.44	%		1.59	%
Allowance for loan losses (originated loans)/total originated loans		1.28	%		1.29	%		1.39	%
Net charge-offs on originated loans (annualized)/total average originated loans		0.28	%		0.30	%		0.22	%

CAPITAL RESOURCES AND REGULATORY MATTERS

The access to, and cost of, funding for new business initiatives, including acquisitions, the ability to engage in expanded business activities, the ability to pay dividends and the level and nature of regulatory oversight depend, in part, on the Corporation’s capital position.

The assessment of capital adequacy depends on a number of factors such as asset quality, liquidity, earnings performance, changing competitive conditions and economic forces. The Corporation seeks to maintain a strong capital base to support its growth and expansion activities, to provide stability to current operations and to promote public confidence.

The Corporation has an effective shelf registration statement filed with the SEC. Pursuant to this registration statement, the Corporation may, from time to time, issue and sell in one or more offerings any combination of common stock, preferred stock, debt securities or TPS. During November 2013, the Corporation issued 4,693,876 common shares and 4,435,080 Depositary Shares (each representing a 1/40^th interest in the Non-Cumulative Perpetual Preferred Stock, Series E) in public equity offerings under this registration statement. These equity offerings increased the Corporation’s capital by $161.3 million.

Capital management is a continuous process with capital plans and stress testing for the Corporation and FNBPA updated annually. These capital plans include assessing the adequacy of expected capital levels assuming various scenarios by projecting capital needs for a forecast period of 2-3 years beyond the current year. Both the Corporation and FNBPA are subject to various regulatory capital requirements administered by federal banking agencies. From time to time, the Corporation issues shares initially acquired by the Corporation as treasury stock under its various benefit plans. The Corporation may continue to grow through acquisitions, which can potentially impact its capital position. The Corporation may issue additional preferred or common stock in order to maintain its well-capitalized status.

The Corporation and FNBPA are subject to various regulatory capital requirements administered by the federal banking agencies. Quantitative measures established by regulators to ensure capital adequacy require the Corporation and FNBPA to maintain minimum amounts and ratios of total and tier 1 capital (as defined in the regulations) to risk-weighted assets (as defined) and of leverage ratio (as defined). Failure to meet minimum capital requirements can initiate certain mandatory, and possibly additional discretionary actions, by regulators that, if undertaken, could have a direct material effect on the Corporation’s consolidated financial statements and future merger and acquisition activity. Under capital adequacy guidelines and the regulatory framework for prompt corrective action, the Corporation and FNBPA must meet specific capital guidelines that involve quantitative measures of assets, liabilities and certain off-balance sheet items as calculated under regulatory accounting practices. The Corporation’s and FNBPA’s capital amounts and classifications are also subject to qualitative judgments by the regulators about components, risk weightings and other factors.

The Corporation’s management believes that, as of March 31, 2014 and December 31, 2013, the Corporation and FNBPA met all “well capitalized” requirements to which each of them was subject.

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As of March 31, 2014, the most recent notification from the federal banking agencies categorized the Corporation and FNBPA as “well-capitalized” under the regulatory framework for prompt corrective action. There are no conditions or events since the notification which management believes have changed this categorization.

During June 2013, $15.0 million of the Corporation-issued TPS was repurchased at a discount and the related debt extinguished. This $15.0 million was opportunistically purchased at auction and represents a portion of the underlying collateral of a pooled TPS that was liquidated by the trustee. During the fourth quarter of 2013 and the first quarter of 2014, the Corporation redeemed $138.0 million of the Corporation-issued TPS using proceeds raised in conjunction with its capital raise completed in November 2013. The regulatory capital ratios at March 31, 2014 reflect these decreases in TPS, with remaining TPS included in tier 1 capital totaling $67.5 million. Additionally, during the first quarter of 2014, the Corporation strategically sold its entire portfolio of pooled TPS, which strengthened the risk profile of its investment portfolio, improved its capital levels due to lowered risk-weighted assets and generated leverageable capital to support future growth.

Following are the capital ratios as of March 31, 2014 and December 31, 2013 for the Corporation and FNBPA (dollars in thousands):

	Actual					Well-Capitalized Requirements					Minimum Capital Requirements
	Amount		Ratio			Amount		Ratio			Amount		Ratio
March 31, 2014
F.N.B. Corporation
Total capital to risk-weighted assets	$	1,301,801		12.6	%	$	1,032,629		10.0	%	$	826,103		8.0	%
Tier 1 capital to risk-weighted assets		1,164,698		11.3			619,578		6.0			413,052		4.0
Leverage ratio		1,164,698		8.8			658,886		5.0			527,108		4.0
FNBPA
Total capital to risk-weighted assets		1,208,628		11.9			1,017,218		10.0			813,774		8.0
Tier 1 capital to risk-weighted assets		1,102,023		10.8			610,331		6.0			406,887		4.0
Leverage ratio		1,102,023		8.5			649,934		5.0			519,947		4.0
December 31, 2013
F.N.B. Corporation
Total capital to risk-weighted assets	$	1,258,312		12.5	%	$	1,009,952		10.0	%	$	807,962		8.0	%
Tier 1 capital to risk-weighted assets		1,117,956		11.1			605,971		6.0			403,981		4.0
Leverage ratio		1,117,956		8.8			634,527		5.0			507,622		4.0
FNBPA
Total capital to risk-weighted assets		1,144,510		11.5			995,524		10.0			796,419		8.0
Tier 1 capital to risk-weighted assets		1,035,659		10.4			597,314		6.0			398,210		4.0
Leverage ratio		1,035,659		8.3			623,921		5.0			499,137		4.0

DODD-FRANK WALL STREET REFORM AND CONSUMER PROTECTION ACT

On July 21, 2010, the Dodd-Frank Act became law. The Dodd-Frank Act broadly affects the financial services industry by establishing a framework for systemic risk oversight, creating a resolution authority for institutions determined to be systemically important, mandating higher capital and liquidity requirements, requiring banks to pay increased fees to regulatory agencies and containing numerous other provisions aimed at strengthening the sound operation of the financial services sector that will fundamentally change the system of regulatory oversight as described in more detail under Part I, Item 1, “Business—Government Supervision and Regulation” included in the Corporation’s 2013 Annual Report on Form 10-K as filed with the SEC on February 28, 2014. Many aspects of the Dodd-Frank Act are subject to further rulemaking and will take effect over several years, making it difficult to anticipate the overall financial impact to the Corporation or across the financial services industry.

On June 29, 2011, the FRB, pursuant to its authority under the Dodd-Frank Act, issued rules regarding interchange fees charged for electronic debit transactions by payment card issuers having assets over $10 billion, adopting a per-transaction interchange cap base of $0.21 plus a 5-basis point fraud loss adjustment per transaction. The FRB deemed such fees reasonable and proportional to the actual cost of a transaction to the issuer. The Corporation’s total assets exceeded $10 billion on December 31, 2012. As a result, the Corporation was subject to the new rules regarding debit card interchange fees as of July 1, 2013. The Corporation’s revenue earned from debit card interchange fees was $2.8 million for the first three months of 2014, a decrease of $2.3 million from the same period of 2013. This revenue could decrease by approximately $10.0 million on an annual basis; however, the Corporation is deploying various revenue enhancement and expense reduction strategies designed to mitigate this impact on debit card interchange fees.

63

On June 10, 2013, the Corporation became subject to the clearing requirement under the Dodd-Frank Act whereby it is now required to centrally clear certain interest rate swaps. A cleared swap is subject to continuous collateralization of swap obligations, real-time reporting, additional agreements and other regulatory constraints.

ENHANCED REGULATORY CAPITAL STANDARDS

Regulatory capital reform initiatives continue to be updated and released which impose additional conditions and restrictions on the Corporation’s current business practices and capital strategies.

In July 2013, the FRB approved a final rule that implements changes to the regulatory capital framework for all banking organizations. The final rule implements the regulatory capital reforms recommended by the Basel III capital framework and the regulatory capital reforms required by the Dodd-Frank Act. These reforms seek to strengthen the components of regulatory capital by increasing the quantity and quality of capital held by banking organizations, increase risk-based capital requirements and make selected changes to the calculation of risk-weighted assets.

Following are some of the key provisions resulting from the final rule:

• revises the components of regulatory capital to phase out certain TPS for banking organizations with greater than $15.0 billion in total assets. Through organic growth and acquisitions, the Corporation expects to exceed the $15.0 threshold by the end of the first quarter of 2015 when the phase-in period begins;

• adds a new minimum common equity Tier 1 (CET1) ratio of 4.5% of risk-weighted assets;

• implements a new capital conservation buffer of CET1 equal to 2.5% of risk-weighted assets, which will be in addition to the 4.5% CET1 ratio and phased in over a three-year period beginning January 1, 2016;

• increases the minimum Tier 1 capital ratio requirement from 4.0% to 6.0%:

• revises the prompt corrective action thresholds;

• retains the existing risk-based capital treatment for 1-4 family residential mortgages;

• increases capital requirements for past-due loans, high volatility commercial real estate exposures and certain short-term loan commitments;

• expands the recognition of collateral and guarantors in determining risk-weighted assets;

• removes references to credit ratings consistent with the Dodd-Frank Act and establishes due diligence requirements for securitization exposures.

The final rule, which becomes effective January 1, 2015 for the Corporation, includes a phase-in period through January 1, 2019 for several provisions of the rule, including the new minimum capital ratio requirements and the capital conservation buffer.

In October 2012, the FRB issued rules requiring companies with total consolidated assets of more than $10 billion to conduct annual company-run stress tests pursuant to the Dodd-Frank Act (DFAST). In July 2013, the FRB issued proposed supervisory guidance for implementing the DFAST rules for banking organizations with total consolidated assets of more than $10 billion but less than $50 billion. The DFAST guidelines and rules build upon the May 2012 stress testing guidance issued by the FRB, Supervisory Guidance on Stress Testing for Banking Organizations with More Than $10 Billion in Total Consolidated Assets (SR Letter 12-7). The Corporation is subject to these supervisory rules and guidelines and conducted its annual company-run stress tests with results reported to the FRB by March 31, 2014. Also, FNBPA is subject to stress testing rules and guidelines under the Office of the Comptroller of the Currency (OCC). The OCC has advised that it will consult closely with the FRB to provide common stress scenarios which can be utilized at both the depository institution and bank holding company levels.

64

ITEM 3. QUANTITATIVE AND QUALITATIVE DISCLOSURES ABOUT MARKET RISK

The information called for by this item is provided under the caption Market Risk in Part I, Item 2—Management’s Discussion and Analysis of Financial Condition and Results of Operations and is incorporated herein by reference. There are no material changes in the information provided under Part II, Item 7A, “Quantitative and Qualitative Disclosures About Market Risk” included in the Corporation’s 2013 Annual Report on Form 10-K as filed with the SEC on February  28, 2014.

ITEM 4. CONTROLS AND PROCEDURES

EVALUATION OF DISCLOSURE CONTROLS AND PROCEDURES. The Corporation’s management, with the participation of the Corporation’s principal executive and financial officers, evaluated the Corporation’s disclosure controls and procedures (as defined in Rules 13a–15(e) and 15d–15(e) under the Securities Exchange Act of 1934, as amended) as of the end of the period covered by this Quarterly Report on Form 10-Q. Based on this evaluation, the Corporation’s management, including the Chief Executive Officer (CEO) and the Chief Financial Officer (CFO), concluded that, as of the end of the period covered by this quarterly report, the Corporation’s disclosure controls and procedures were effective as of such date at the reasonable assurance level as discussed below to ensure that information required to be disclosed by the Corporation in the reports it files under the Securities Exchange Act of 1934, as amended, is recorded, processed, summarized and reported within the time periods specified in the rules and forms of the SEC and that such information is accumulated and communicated to the Corporation’s management, including its principal executive officer and principal financial officer, as appropriate to allow timely decisions regarding required disclosure.

LIMITATIONS ON THE EFFECTIVENESS OF CONTROLS. The Corporation’s management, including the CEO and the CFO, does not expect that the Corporation’s disclosure controls and internal controls will prevent all errors and all fraud. A control system, no matter how well conceived and operated, can provide only reasonable, not absolute, assurance that the objectives of the control system are met. Because of the inherent limitations in all control systems, no evaluation of controls can provide absolute assurance that all control issues and instances of fraud, if any, within the Corporation have been detected. These inherent limitations include the realities that judgments in decision-making can be faulty, and that breakdowns can occur because of simple error or mistake. In addition, controls can be circumvented by the individual acts of some persons, by collusion of two or more people or by management override of the controls.

CHANGES IN INTERNAL CONTROLS. The CEO and the CFO have evaluated the changes to the Corporation’s internal controls over financial reporting that occurred during the Corporation’s fiscal quarter ended March 31, 2014, as required by paragraph (d) of Rules 13a–15 and 15d–15 under the Securities Exchange Act of 1934, as amended, and have concluded that there were no such changes that materially affected, or are reasonably likely to materially affect, the Corporation’s internal controls over financial reporting.

65

PART II—OTHER INFORMATION

ITEM 1. LEGAL PROCEEDINGS

The Corporation and its subsidiaries are involved in various pending and threatened legal proceedings in which claims for monetary damages and other relief are asserted. These actions include claims brought against the Corporation and its subsidiaries where the Corporation or a subsidiary acted as one or more of the following: a depository bank, lender, underwriter, fiduciary, financial advisor, broker or was engaged in other business activities. Although the ultimate outcome for any asserted claim cannot be predicted with certainty, the Corporation believes that it and its subsidiaries have valid defenses for all asserted claims. Reserves are established for legal claims when losses associated with the claims are judged to be probable and the amount of the loss can be reasonably estimated.

Based on information currently available, advice of counsel, available insurance coverage and established reserves, the Corporation does not anticipate, at the present time, that the aggregate liability, if any, arising out of such legal proceedings will have a material adverse effect on the Corporation’s consolidated financial position. However, the Corporation cannot determine whether or not any claims asserted against it will have a material adverse effect on its consolidated results of operations in any future reporting period.

ITEM 1A. RISK FACTORS

There are no material changes from any of the risk factors previously disclosed in the Corporation’s 2013 Annual Report on Form 10-K as filed with the SEC on February 28, 2014.

ITEM 2. UNREGISTERED SALES OF EQUITY SECURITIES AND USE OF PROCEEDS

NONE

ITEM 3. DEFAULTS UPON SENIOR SECURITIES

NONE

ITEM 4. MINE SAFETY DISCLOSURES

Not Applicable.

ITEM 5. OTHER INFORMATION

NONE

66

ITEM 6. EXHIBITS

Exhibit Index

10.1	Amendment to the Second Amended and Restated Consulting Agreement between F.N.B. Corporation, First National Bank of Pennsylvania, F.N.B. Payroll Services, LLC and Stephen J. Gurgovits. (filed herewith).
10.2	Mutual Conclusion of Consulting Agreement Letter between Stephen J. Gurgovits, F.N.B. Corporation, First National Bank of Pennsylvania and F.N.B. Payroll Services, LLC. (filed herewith).
31.1	Certification of Chief Executive Officer Sarbanes-Oxley Act Section 302. (filed herewith).
31.2	Certification of Chief Financial Officer Sarbanes-Oxley Act Section 302. (filed herewith).
32.1	Certification of Chief Executive Officer Sarbanes-Oxley Act Section 906. (furnished herewith).
32.2	Certification of Chief Financial Officer Sarbanes-Oxley Act Section 906. (furnished herewith).
101	The following materials from F.N.B. Corporation’s Quarterly Report on Form 10-Q for the period ended March 31, 2014, formatted in XBRL: (i) the Consolidated Balance Sheets, (ii) the Consolidated Statements of Comprehensive Income, (iii) the Consolidated Statements of Stockholders’ Equity, (iv) the Consolidated Statements of Cash Flows and (v) the Notes to Consolidated Financial Statements.

67

SIGNATURES

Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned, thereunto duly authorized.

	F.N.B. Corporation
Dated: May 9, 2014	/s/ Vincent J. Delie, Jr.
	Vincent J. Delie, Jr.
	President and Chief Executive Officer
	(Principal Executive Officer)
Dated: May 9, 2014	/s/ Vincent J. Calabrese, Jr.
	Vincent J. Calabrese, Jr.
	Chief Financial Officer
	(Principal Financial Officer)
Dated: May 9, 2014	/s/ Timothy G. Rubritz
	Timothy G. Rubritz
	Corporate Controller
	(Principal Accounting Officer)

68

EX-10.1

EXHIBIT 10.1

AMENDMENT TO THE

SECOND AMENDED AND RESTATED CONSULTING AGREEMENT

THIS AMENDMENT TO THE SECOND AMENDED AND RESTATED CONSULTING AGREEMENT (“Amendment”) is dated this 20^th day of March 2013, among F.N.B. Corporation, First National Bank of Pennsylvania, and F.N.B. Payroll Services, LLC (collectively “Companies”), and Stephen J. Gurgovits (“Consultant”), and provides as follows:

WITNESSETH:

WHEREAS, there is a scrivener’s error in the Second Amended and Restated Consulting Agreement (“Second Agreement”); and

WHEREAS, this Amendment is designed to clarify the Second Agreement.

NOW, THEREFORE, in consideration of the premises and mutual covenants contained in this Amendment, and intending to be legally bound hereby, it is mutually agreed as follows:

SECTION 1 RECITALS.

The foregoing recitals are incorporated by reference as if fully set forth in this section.

SECTION 2 AMENDMENT.

The Second Agreement is amended by deleting Section 1(a)(i) and substituting the following:

Effective on March 1, 2012, (the “Effective Date”), the Companies shall employ the Consultant to provide consulting services to the Companies and the Consultant shall provide consulting services to the Companies in accordance with the terms and subject to the conditions set forth in this Agreement for a term (the “Term”) that shall commence on the Effective Date and, subject to paragraphs 1(b), 1(c) and 1(d), shall expire on the 58^th month after the Effective Date such that the termination date will be December 31, 2016.

1

SECTION 3 OTHER PROVISIONS.

Except as amended in paragraph 2 above, all other terms and provisions of the Second Agreement shall remain in full force and effect.

IN WITNESS WHEREOF, the parties hereto executed this Amendment as of the date and year first above written.

F.N.B. CORPORATION
By:	/s/ Vincent J. Delie, Jr.
	Vincent J. Delie, Jr.
	Chief Executive Officer
FIRST NATIONAL BANK OF PENNSYLVANIA
By:	/s/ Vincent J. Delie, Jr.
	Vincent J. Delie, Jr.
	Chief Executive Officer
F.N.B. PAYROLL SERVICES, LLC.
By:	/s/ Vincent J. Delie, Jr.
	Vincent J. Delie, Jr.
	Chief Executive Officer
STEPHEN J. GURGOVITS
/s/ Stephen J. Gurgovits

2

EX-10.2

Exhibit 10.2

March 27, 2014

Mr. Stephen J. Gurgovits

Re: Consulting Agreement

Dear Steve:

The purpose of this letter is to notify you of the mutually agreed upon termination of our second amended Consulting Agreement, dated as of March 27, 2012, as amended (the “Consulting Agreement”). We agree that the Consulting Agreement and your services as a consultant are voluntarily terminated without Cause effective March 31, 2014. We will satisfy our post-termination obligations under the Consulting Agreement and certain other items as set forth below:

1. During the six-month period commencing upon termination, we will pay you equal monthly installments of $86,666.66 on the first business day of each month, for a total of $520,000, as provided in the Consulting Agreement and permitted under Section 409A of the Internal Revenue Code.

2. Commencing on the first business day of the seventh month following termination through December, 2016, we will pay you equal monthly installments of $39,161.74, for a total of $1,057,367, representing the balance of the annual fees due under the Consulting Agreement.

3. On May 1, 2014, we will pay you an additional amount of $43,857 representing country club dues through December, 2016 and transfer title to the Company car you are currently assigned, neither of which is required under the Consulting Agreement.

4. On May 1, 2014, we will pay you an additional amount of $259,583 representing the value of certain non-vested restricted stock units granted to you on March 16, 2011 that are forfeited by their terms in connection with termination, which payment is not required under the Restricted Stock Unit Agreement or the Consulting Agreement. Under the terms of the Restricted Stock Award Agreement, the remaining portion of the award vests pro-rated for the period worked.

Payment of the amounts and the transfer of title set forth in items 3 and 4 above are contingent upon your signing and not revoking a general release of claims in favor of FNB, within 21 days following the termination date. You are responsible for payment of applicable taxes on all of the above items and for complying with your post-termination covenants as set forth in the Consulting Agreement. You acknowledge that the amounts set forth in items 1 and 2 above, when paid to you, constitutes full payment in satisfaction of any obligations under the Consulting Agreement.

Very truly yours,

F. N. B. Corporation
By	/s/ Vincent J. Delie, Jr.
	Vincent J. Delie, Jr.
	President & CEO

Agreed and Acknowledged

/s/ Stephen J. Gurgovits

Stephen J. Gurgovits

CONFIDENTIAL SETTLEMENT AGREEMENT AND GENERAL RELEASE

F.N.B. Corporation, a Florida corporation having its principal place of business at One F.N.B. Boulevard, Hermitage, Pennsylvania 16148 (“FNB”), First National Bank of Pennsylvania, a national banking association having its principal place of business at One F.N.B. Boulevard, Hermitage, Pennsylvania 16148 (“FNB Bank”), and F.N.B. Payroll Services, LLC (“LLC”) (hereinafter collectively referred to as the “Companies”), and Stephen J. Gurgovits (hereinafter the “Consultant”), in exchange for their mutual promises herein set forth, each intending to be legally bound hereby, and in consideration of the following mutual promises and covenants, hereby agree as follows:

1. Effective Date. Consultant acknowledges and agrees that the Consultant’s services performed pursuant to that second amended and restated Consulting Agreement dated as of March 27, 2012, as amended March 20, 2013 (the “Consulting Agreement”), are terminated March 31, 2014.

2. Voluntary Election. Consultant acknowledges and agrees that his election to accept the Companies’ offer is entirely voluntary.

3. Satisfaction of All Claims. Consultant unconditionally generally releases, remises, settles, compromises and forever discharges any and all manner of suits, actions, causes of action, damages and claims, known and unknown (including, but not limited to, claims for attorneys fees, expenses and/or costs) that he has or may have (whether brought by himself or on his behalf by some other person or entity, including any government agency) against the Companies or their past or present parent corporations, affiliates or subsidiaries or any of its or their predecessors or successors, against any pension or benefit plans of the Companies or any of its or their predecessors or successors, against the past or present officers, directors, trustees, administrators, agents, attorneys and employees of the Companies or of the Companies past or

present parent corporations, affiliates or subsidiaries, against the past or present officers, directors, trustees, administrators, agents, attorneys and employees of the pension or benefit plans of the Companies, or any of its or their predecessors or successors, for any actions up to and including the date hereof, for all actions related to Consultant’s employment or termination, and all continuing effects thereof, and any claims relating to the Consulting Agreement or any predecessor agreement, except for the performance of the provisions of this Confidential Settlement Agreement and General Release it being the intention of the undersigned to effect a general release of all claims. The Consultant and the Companies acknowledge that post-termination covenants and indemnification obligations in the Consulting Agreement will remain in effect.

4. Release Includes Federal, State, Local or Common Law. This Confidential Settlement Agreement and General Release includes, but is not limited to, rights or claims under the common law, the Pennsylvania Human Relations Act and the Pennsylvania Equal Pay Act, the Older Worker Benefit Protection Act, the Rehabilitation Act of 1973, the federal Age Discrimination in Employment Act of 1967, as amended, Title VII of the Civil Rights Act of 1964, as amended, the Americans with Disabilities Act, and all other federal, state and local statutes, ordinances, executive orders and regulations prohibiting discrimination upon the basis of age, race, color, sex, sexual orientation, national origin, religion, handicap, disability, personal appearance, retaliation and other types of discrimination, the Employee Retirement Income Security Act of 1974, as amended, and state, local, and common law claims.

5. Payment. In exchange for Consultant’s agreements herein, the Companies will pay Consultant the amounts and items set forth in the termination letter dated March 27, 2014 which is incorporated by reference and attached hereto.

6. Disclaimer of Wrongdoing. The parties understand and agree that by negotiating and/or entering into this Confidential Settlement Agreement and General Release, the Companies are not admitting to have violated any of Consultant’s rights or to have violated any of the duties or obligations owed Consultant or to have engaged in any conduct in violation of the common law or the above-referenced statutes.

7. Confidentiality. Consultant agrees that, except as required by law, the terms and conditions of this Agreement and General Release will be kept completely confidential and will not be discussed in any manner with anyone except the Consultant’s spouse who, prior to disclosure to him or her, shall likewise agree to maintain the Confidentiality of this Confidential Settlement Agreement and General Release.

8. Twenty One Days. Consultant fully acknowledges that he has been given the opportunity to consider this Confidential Settlement Agreement and General Release for at least twenty-one days, which is a reasonable period of time, and that he has been advised to consult with an attorney in relation thereto prior to executing this Confidential Settlement Agreement and General Release. Consultant further acknowledges that he has had a full and fair opportunity to consult with an attorney.

9. Seven Days. For a period of seven (7) days following the execution of this Confidential Settlement Agreement and General Release, Consultant may revoke this Confidential Settlement Agreement and General Release by delivery of a written notice revoking the same, within that seven day period to the office of Charles Casalnova at 1 F.N.B. Boulevard, Hermitage, Pennsylvania 16148. This Confidential Settlement Agreement and General Release shall not become effective and enforceable until that seven day revocation period has expired. After the expiration of this seven day period following the execution of this Confidential Settlement Agreement and General Release without any revocation, this Confidential Settlement Agreement and General Release shall become irrevocable.

10. Full Agreement/No Oral Modifications. The parties further understand, covenant and agree that the terms and conditions of this Confidential Settlement Agreement and General Release constitute the full and complete understandings and agreements between them and that there are no understandings or agreements between the parties other than as specifically set forth in this Confidential Settlement Agreement and General Release. The parties further understand and agree that no changes will be made in this Confidential Settlement Agreement and General Release other than in writing. Consultant acknowledges that he has carefully read and fully understands all of the provisions of this Confidential Settlement Agreement and General Release and that he is voluntarily entering into and executing this Confidential Settlement Agreement and General Release.

11. Severability. It is the intention of the parties that the provisions of this Agreement shall be enforceable to the fullest extent permissible under applicable law, but that the unenforceability (or modification to conform to such law) of any provision or provisions hereof shall not render unenforceable, or impair, the remaining provisions of this Agreement. If any provision or provisions of this Agreement shall be deemed illegal, invalid or otherwise unenforceable, either in whole or in part, this Agreement shall be deemed amended to delete or modify, as necessary, the offending provision or provisions and to alter the bounds thereof to render it valid and enforceable.

12. Counterparts. This Release may be signed in two counterparts, each of which shall be deemed an original when signed and shall constitute the same instrument. The Companies shall retain Counterpart No. 1 of this Release and the Consultant shall retain Counterpart No. 2 of this Release.

13. The undersigned Consultant, intending to be legally bound by this Confidential Settlement Agreement and General Release, signs, seals and delivers it without coercion and with knowledge of the nature and consequences thereof.

Dated: March 28, 2014	/s/ Stephen J. Gurgovits, Consultant
	Stephen J. Gurgovits, Consultant
	F.N.B. Corporation
Dated:	By	/s/ Vincent J. Delie, Jr.
		Name and Title of Company
		Representative
	First National Bank of Pennsylvania
Dated:	By:	/s/ Vincent J. Delie, Jr.
		Name and Title of Company
		Representative
	F.N.B. Payroll Services, LLC
Dated:	By:	/s/ Vincent J. Delie, Jr.
		Name and Title of Company
		Representative

EX-31.1

EXHIBIT 31.1

CERTIFICATION OF CHIEF EXECUTIVE OFFICER

SARBANES-OXLEY ACT SECTION 302

I, Vincent J. Delie, Jr., certify that:

1. I have reviewed this quarterly report on Form 10-Q for the quarter ended March 31, 2014 of F.N.B. Corporation;

2. Based on my knowledge, this report does not contain any untrue statement of a material fact or omit to state a material fact necessary to make the statements made, in light of the circumstances under which such statements were made, not misleading with respect to the period covered by this report;

3. Based on my knowledge, the financial statements, and other financial information included in this report, fairly present in all material respects the financial condition, results of operations and cash flows of the registrant as of, and for, the periods presented in this report.

4. The registrant’s other certifying officer and I are responsible for establishing and maintaining disclosure controls and procedures (as defined in Exchange Act Rules 13a-15(e) and 15d-15(e)) and internal controls over financial reporting (as defined in Exchange Act Rules 13a-15(f) and 15d-15(f)) for the registrant and have:

(a) Designed such disclosure controls and procedures, or caused such disclosure controls and procedures to be designed under our supervision, to ensure that material information relating to the registrant, including its consolidated subsidiaries, is made known to us by others within those entities, particularly during the period in which this report is being prepared;

(b) Designed such internal control over financial reporting, or caused such internal control over financial reporting to be designed under our supervision, to provide reasonable assurance regarding the reliability of financial reporting and the preparation of financial statements for external purposes in accordance with generally accepted accounting principles;

(c) Evaluated the effectiveness of the registrant’s disclosure controls and procedures and presented in this report our conclusions about the effectiveness of the disclosure controls and procedures, as of the end of the period covered by this report based on such evaluation; and

(d) Disclosed in this report any change in the registrant’s internal control over financial reporting that occurred during the registrant’s most recent fiscal quarter (the registrant’s fourth fiscal quarter in the case of an annual report) that has materially affected, or is reasonably likely to materially affect, the registrant’s internal control over financial reporting; and

5. The registrant’s other certifying officer and I have disclosed, based on our most recent evaluation of internal control over financial reporting, to the registrant’s auditors and the audit committee of registrant’s board of directors (or persons performing the equivalent functions):

(a) All significant deficiencies and material weaknesses in the design or operation of internal control over financial reporting which are reasonably likely to adversely affect the registrant’s ability to record, process, summarize and report financial information; and

(b) Any fraud, whether or not material, that involves management or other employees who have a significant role in the registrant’s internal control over financial reporting.

Date: May 9, 2014	/s/ Vincent J. Delie, Jr.
	Vincent J. Delie, Jr. President and Chief Executive Officer

EX-31.2

EXHIBIT 31.2

CERTIFICATION OF CHIEF FINANCIAL OFFICER

SARBANES-OXLEY ACT SECTION 302

I, Vincent J. Calabrese, Jr., certify that:

1. I have reviewed this quarterly report on Form 10-Q for the quarter ended March 31, 2014 of F.N.B. Corporation;

2. Based on my knowledge, this report does not contain any untrue statement of a material fact or omit to state a material fact necessary to make the statements made, in light of the circumstances under which such statements were made, not misleading with respect to the period covered by this report;

3. Based on my knowledge, the financial statements, and other financial information included in this report, fairly present in all material respects the financial condition, results of operations and cash flows of the registrant as of, and for, the periods presented in this report.

4. The registrant’s other certifying officer and I are responsible for establishing and maintaining disclosure controls and procedures (as defined in Exchange Act Rules 13a-15(e) and 15d-15(e)) and internal controls over financial reporting (as defined in Exchange Act Rules 13a-15(f) and 15d-15(f)) for the registrant and have:

(a) Designed such disclosure controls and procedures, or caused such disclosure controls and procedures to be designed under our supervision, to ensure that material information relating to the registrant, including its consolidated subsidiaries, is made known to us by others within those entities, particularly during the period in which this report is being prepared;

(b) Designed such internal control over financial reporting, or caused such internal control over financial reporting to be designed under our supervision, to provide reasonable assurance regarding the reliability of financial reporting and the preparation of financial statements for external purposes in accordance with generally accepted accounting principles;

(c) Evaluated the effectiveness of the registrant’s disclosure controls and procedures and presented in this report our conclusions about the effectiveness of the disclosure controls and procedures, as of the end of the period covered by this report based on such evaluation; and

(d) Disclosed in this report any change in the registrant’s internal control over financial reporting that occurred during the registrant’s most recent fiscal quarter (the registrant’s fourth fiscal quarter in the case of an annual report) that has materially affected, or is reasonably likely to materially affect, the registrant’s internal control over financial reporting; and

5. The registrant’s other certifying officer and I have disclosed, based on our most recent evaluation of internal control over financial reporting, to the registrant’s auditors and the audit committee of registrant’s board of directors (or persons performing the equivalent functions):

(a) All significant deficiencies and material weaknesses in the design or operation of internal control over financial reporting which are reasonably likely to adversely affect the registrant’s ability to record, process, summarize and report financial information; and

(b) Any fraud, whether or not material, that involves management or other employees who have a significant role in the registrant’s internal control over financial reporting.

Date: May 9, 2014	/s/ Vincent J. Calabrese, Jr.
	Vincent J. Calabrese, Jr. Chief Financial Officer

EX-32.1

EXHIBIT 32.1

CERTIFICATION OF CHIEF EXECUTIVE OFFICER

SARBANES-OXLEY ACT SECTION 906

Pursuant to Section 1350 of Title 18 of the United States Code, I, Vincent J. Delie, Jr., President and Chief Executive Officer of F.N.B. Corporation (the “Company”), hereby certify that, to the best of my knowledge:

1. The Company’s Form 10-Q Quarterly Report for the period ended March 31, 2014 (the “Report”) fully complies with the requirements of Section 13(a) or 15(d) of the Securities Exchange Act of 1934; and

2. The information contained in the Report fairly presents, in all material respects, the financial condition and results of operations of the Company.

Date: May 9, 2014	/s/ Vincent J. Delie, Jr.
	Vincent J. Delie, Jr. President and Chief Executive Officer

EX-32.2

EXHIBIT 32.2

CERTIFICATION OF CHIEF FINANCIAL OFFICER

SARBANES-OXLEY ACT SECTION 906

Pursuant to Section 1350 of Title 18 of the United States Code, I, Vincent J. Calabrese, Jr., Chief Financial Officer of F.N.B. Corporation (the “Company”), hereby certify that, to the best of my knowledge:

1. The Company’s Form 10-Q Quarterly Report for the period ended March 31, 2014 (the “Report”) fully complies with the requirements of Section 13(a) or 15(d) of the Securities Exchange Act of 1934; and

2. The information contained in the Report fairly presents, in all material respects, the financial condition and results of operations of the Company.

Date: May 9, 2014	/s/ Vincent J. Calabrese, Jr.
	Vincent J. Calabrese, Jr. Chief Financial Officer

XML

EARNINGS PER COMMON SHARE (Tables)

3 Months Ended

Mar. 31, 2014

Earnings Per Share [Abstract]

Computation of Basic and Diluted Earnings Per Common Share

The following table sets forth the computation of basic and diluted earnings per common share:

	Three Months Ended
	March 31,
	2014		2013
Net income	$	34,524	$	28,538
Preferred stock dividends		2,322		—
Net income available to common stockholders	$	32,202	$	28,538
Basic weighted average common shares outstanding		162,186,395		139,650,495
Net effect of dilutive stock options, warrants, restricted stock and convertible debt		1,780,851		1,415,695
Diluted weighted average common shares outstanding		163,967,246		141,066,190
Earnings per common share:
Basic	$	0.20	$	0.20
Diluted	$	0.20	$	0.20

XML

Loans and Allowance for Loan Losses - Summary of Loans, Net of Unearned Income (Detail) (USD $) In Thousands, unless otherwise specified	Mar. 31, 2014	Dec. 31, 2013
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loans, net of unearned income	$ 9,943,136	$ 9,506,094
Commercial Real Estate [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loans, net of unearned income	3,464,598	3,245,209
Commercial and Industrial [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loans, net of unearned income	1,965,065	1,881,474
Commercial Leases [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loans, net of unearned income	161,494	158,895
Total Commercial Loans and Leases [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loans, net of unearned income	5,591,157	5,285,578
Direct Installment [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loans, net of unearned income	1,467,558	1,467,236
Residential Mortgages [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loans, net of unearned income	1,135,790	1,086,739
Indirect Installment [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loans, net of unearned income	678,918	655,587
Consumer Lines of Credit [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loans, net of unearned income	1,010,501	965,771
Other [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loans, net of unearned income	59,212	45,183
Originated Loans [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loans, net of unearned income	8,344,398	8,154,765
Originated Loans [Member] | Commercial Real Estate [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loans, net of unearned income	2,677,152	2,640,428
Originated Loans [Member] | Commercial and Industrial [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loans, net of unearned income	1,848,332	1,761,668
Originated Loans [Member] | Commercial Leases [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loans, net of unearned income	161,494	158,895
Originated Loans [Member] | Total Commercial Loans and Leases [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loans, net of unearned income	4,686,978	4,560,991
Originated Loans [Member] | Direct Installment [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loans, net of unearned income	1,386,940	1,387,995
Originated Loans [Member] | Residential Mortgages [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loans, net of unearned income	688,038	678,227
Originated Loans [Member] | Indirect Installment [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loans, net of unearned income	674,347	649,701
Originated Loans [Member] | Consumer Lines of Credit [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loans, net of unearned income	848,883	832,668
Originated Loans [Member] | Other [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loans, net of unearned income	59,212	45,183
Acquired Loans [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loans, net of unearned income	1,598,738	1,351,329
Acquired Loans [Member] | Commercial Real Estate [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loans, net of unearned income	787,446	604,781
Acquired Loans [Member] | Commercial and Industrial [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loans, net of unearned income	116,733	119,806
Acquired Loans [Member] | Commercial Leases [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loans, net of unearned income
Acquired Loans [Member] | Total Commercial Loans and Leases [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loans, net of unearned income	904,179	724,587
Acquired Loans [Member] | Direct Installment [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loans, net of unearned income	80,618	79,241
Acquired Loans [Member] | Residential Mortgages [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loans, net of unearned income	447,752	408,512
Acquired Loans [Member] | Indirect Installment [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loans, net of unearned income	4,571	5,886
Acquired Loans [Member] | Consumer Lines of Credit [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loans, net of unearned income	161,618	133,103
Acquired Loans [Member] | Other [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loans, net of unearned income

XML

Securities - Gross Gains and Gross Losses Realized on Sales of Securities (Detail) (USD $) In Thousands, unless otherwise specified	3 Months Ended
	Mar. 31, 2014	Mar. 31, 2013
Investments Debt And Equity Securities [Abstract]
Gross gains	$ 18,009	$ 1,032
Gross losses	(8,548)	(348)
Total	$ 9,461	$ 684

XML

Borrowings - Summary of Long-Term Debt (Detail) (USD $) In Thousands, unless otherwise specified	Mar. 31, 2014	Dec. 31, 2013
Debt Disclosure [Abstract]
Federal Home Loan Bank advances	$ 150,073	$ 50,076
Subordinated notes	85,679	84,637
Other subordinated debt		8,637
Convertible debt		578
Long-term debt	$ 235,752	$ 143,928

XML

Loans and Allowance for Loan Losses - Additional Information (Detail) (USD $) In Thousands, unless otherwise specified	3 Months Ended		12 Months Ended
	Mar. 31, 2014	Mar. 31, 2013	Dec. 31, 2013
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loans, net of unearned income	$ 9,943,136		$ 9,506,094
Outstanding contractual balance receivable of acquired loans	1,704,889		1,449,227
Commercial construction loans	270,913		252,842
Payoffs received on loans in excess of expected cash flows	242		440
Threshold period past due for default status of trade accounts receivable	90 days	90 days
Minimum corporation reserves for commercial loan	500
Minimum amount to allocate specific valuation allowance	500
Recorded Investment	9,525
Allowance for loan losses	5,096		5,900
Restructured loans returned to performing status	3,194
Specific reserves in allowance for loan losses, TDRs	523		561
Pooled reserves in allowance for loan losses, TDRs	188		193
Valuation for impairment of loans with pooled reserves	500		500
Pooled reserves for all other classes of loans	1,026		1,005
Commercial Real Estate [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loans, net of unearned income	3,464,598		3,245,209
Recorded Investment	46,331		44,075
Allowance for loan losses	2,612		3,093
Commercial Real Estate [Member] | FLORIDA [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Commercial real estate loans	39,118		39,379
Percentage of loan portfolio	0.40%		0.40%
Commercial and Industrial [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loans, net of unearned income	1,965,065		1,881,474
Recorded Investment	5,153		7,423
Allowance for loan losses	817		786
Direct Installment [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loans, net of unearned income	1,467,558		1,467,236
Recorded Investment	12,047		10,577
Allowance for loan losses	906		727
Residential Mortgages [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loans, net of unearned income	1,135,790		1,086,739
Recorded Investment	13,961		14,012
Allowance for loan losses	504		970
Indirect Installment [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loans, net of unearned income	678,918		655,587
Recorded Investment	1,399		1,202
Allowance for loan losses	257		324
Consumer Lines of Credit [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loans, net of unearned income	1,010,501		965,771
Percentage of loan portfolio	1.70%		1.90%
Consumer loans	171,228		179,970
Recorded Investment	922		597
Commercial Construction Loans [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Percentage of loan portfolio	2.70%		2.70%
Acquired Loans [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loans, net of unearned income	1,593,642		1,345,429
Purchased Credit-Impaired Loans [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Carrying Amount	14,513		21,192
Outstanding contractual receivable of PCI loan	46,809		56,500
Recorded Investment	$ 15,221		$ 22,192
Owner-Occupied [Member] | Commercial Real Estate [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Percentage of loan portfolio	42.00%		43.10%
Non-Owner-Occupied [Member] | Commercial Real Estate [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Percentage of loan portfolio	58.00%		56.90%
Commercial Loans [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Threshold period past due for default non-accrual status of trade accounts receivable	90 days
Installment Loans [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Threshold period past due for default non-accrual status of trade accounts receivable	120 days
Residential Mortgages [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Threshold period past due for default non-accrual status of trade accounts receivable	180 days

XML

Derivative Instruments - Effect of Corporation's Derivative Financial Instruments on Income Statement (Detail) (Interest Rate Contracts [Member], Other Income [Member], USD $) In Thousands, unless otherwise specified	3 Months Ended
	Mar. 31, 2014	Mar. 31, 2013
Interest Rate Contracts [Member] | Other Income [Member]
Derivative [Line Items]
Interest Rate Products	$ (14)	$ 136

XML

Securities - Schedule of Amortized Cost and Fair Value of Securities Available for Sale (Detail) (USD $) In Thousands, unless otherwise specified	Mar. 31, 2014	Dec. 31, 2013
Schedule of Available-for-sale Securities [Line Items]
Securities Available For Sale, Amortized Cost	$ 1,285,605	$ 1,169,482
Securities Available For Sale, Gross Unrealized Gains	7,746	11,463
Securities Available For Sale, Gross Unrealized Losses	(19,281)	(39,295)
Securities Available For Sale, Fair Value	1,271,927	1,139,524
Securities Available For Sale, Fair Value	2,143	2,126
Assets measured at fair value, Available for sale securities	1,274,070	1,141,650
U.S. Government-Sponsored Entities [Member]
Schedule of Available-for-sale Securities [Line Items]
Securities Available For Sale, Amortized Cost	268,330	336,763
Securities Available For Sale, Gross Unrealized Gains	50	126
Securities Available For Sale, Gross Unrealized Losses	(3,699)	(5,904)
Securities Available For Sale, Fair Value	264,681	330,985
Agency Mortgage-Backed Securities [Member]
Schedule of Available-for-sale Securities [Line Items]
Securities Available For Sale, Amortized Cost	352,209	247,880
Securities Available For Sale, Gross Unrealized Gains	4,637	4,304
Securities Available For Sale, Gross Unrealized Losses	(905)	(1,303)
Securities Available For Sale, Fair Value	355,941	250,881
Assets measured at fair value, Available for sale securities	355,941
Agency Collateralized Mortgage Obligations [Member]
Schedule of Available-for-sale Securities [Line Items]
Securities Available For Sale, Amortized Cost	622,060	511,098
Securities Available For Sale, Gross Unrealized Gains	1,335	895
Securities Available For Sale, Gross Unrealized Losses	(13,643)	(20,794)
Securities Available For Sale, Fair Value	609,752	491,199
Assets measured at fair value, Available for sale securities	609,752
Non-Agency Collateralized Mortgage Obligations [Member]
Schedule of Available-for-sale Securities [Line Items]
Securities Available For Sale, Amortized Cost	1,661	1,747
Securities Available For Sale, Gross Unrealized Gains	18	15
Securities Available For Sale, Gross Unrealized Losses
Securities Available For Sale, Fair Value	1,679	1,762
Assets measured at fair value, Available for sale securities	1,679
Commercial Mortgage-Backed Securities [Member]
Schedule of Available-for-sale Securities [Line Items]
Securities Available For Sale, Amortized Cost	9,153
Securities Available For Sale, Gross Unrealized Gains
Securities Available For Sale, Gross Unrealized Losses	(24)
Securities Available For Sale, Fair Value	9,129
Assets measured at fair value, Available for sale securities	9,129
States of the U.S. and Political Subdivisions [Member]
Schedule of Available-for-sale Securities [Line Items]
Securities Available For Sale, Amortized Cost	14,216	16,842
Securities Available For Sale, Gross Unrealized Gains	438	410
Securities Available For Sale, Gross Unrealized Losses	(149)	(250)
Securities Available For Sale, Fair Value	14,505	17,002
Collateralized Debt Obligations [Member]
Schedule of Available-for-sale Securities [Line Items]
Securities Available For Sale, Amortized Cost		37,203
Securities Available For Sale, Gross Unrealized Gains		4,507
Securities Available For Sale, Gross Unrealized Losses		(10,115)
Securities Available For Sale, Fair Value		31,595
Other Debt Securities [Member]
Schedule of Available-for-sale Securities [Line Items]
Securities Available For Sale, Amortized Cost	16,532	16,505
Securities Available For Sale, Gross Unrealized Gains	569	524
Securities Available For Sale, Gross Unrealized Losses	(861)	(929)
Securities Available For Sale, Fair Value	16,240	16,100
Debt securities [Member]
Schedule of Available-for-sale Securities [Line Items]
Securities Available For Sale, Amortized Cost	1,284,161	1,168,038
Securities Available For Sale, Gross Unrealized Gains	7,047	10,781
Securities Available For Sale, Gross Unrealized Losses	(19,281)	(39,295)
Securities Available For Sale, Fair Value	1,271,927	1,139,524
Equity Securities [Member]
Schedule of Available-for-sale Securities [Line Items]
Securities Available For Sale, Amortized Cost	1,444	1,444
Securities Available For Sale, Gross Unrealized Gains	699	682
Securities Available For Sale, Gross Unrealized Losses
Securities Available For Sale, Fair Value	2,143	2,126
Assets measured at fair value, Available for sale securities	$ 2,143

XML

JUNIOR SUBORDINATED DEBT (Tables)

3 Months Ended

Mar. 31, 2014

Text Block [Abstract]

Junior Subordinated Debt Trusts

The following table provides information relating to the Trusts as of March 31, 2014:

	Trust Preferred Securities		Common Securities		Junior Subordinated Debt		Stated Maturity Date		Interest Rate
F.N.B. Statutory Trust II	$	21,500	$	665	$	22,165		6/15/36		1.88	%	Variable; LIBOR + 165 basis points (bps)
Omega Financial Capital Trust I		36,000		1,114		36,042		10/18/34		2.43	%	Variable; LIBOR + 219 bps
BCSB Capital Trust II		10,000		310		10,310		10/07/33		3.24	%	Variable; LIBOR + 300 bps
	$	67,500	$	2,089	$	68,517

XML

Commitments, Credit Risk and Contingencies - Summary of Off-Balance Sheet Credit Risk Information (Detail) (USD $) In Thousands, unless otherwise specified	Mar. 31, 2014	Dec. 31, 2013
Commitments to Extend Credit [Member]
Fair Value, Off-balance Sheet Risks, Disclosure Information [Line Items]
Extended credit and standby letters of credit	$ 3,103,359	$ 2,897,748
Standby Letters of Credit [Member]
Fair Value, Off-balance Sheet Risks, Disclosure Information [Line Items]
Extended credit and standby letters of credit	$ 118,281	$ 114,298

XML

Junior Subordinated Debt - Junior Subordinated Debt Trusts (Detail) (USD $) In Thousands, unless otherwise specified			3 Months Ended
	Mar. 31, 2014	Dec. 31, 2013	Mar. 31, 2014 F.N.B. Statutory Trust II [Member]	Mar. 31, 2014 Omega Financial Capital Trust I [Member]	Mar. 31, 2014 BCSB Capital Trust II [Member]
Subordinated Borrowing [Line Items]
Trust Preferred Securities	$ 67,500		$ 21,500	$ 36,000	$ 10,000
Common Securities	2,089		665	1,114	310
Junior subordinated debt	$ 68,517	$ 75,205	$ 22,165	$ 36,042	$ 10,310
Stated Maturity Date			Jun. 15, 2036	Oct. 18, 2034	Oct. 07, 2033
Interest Rate			1.88%	2.43%	3.24%
Description of variable rate			Variable; LIBOR + 165 basis points (bps)	Variable; LIBOR + 219 bps	Variable; LIBOR + 300 bps
Basis points			1.65%	2.19%	3.00%

XML

Comprehensive Income - Changes in Accumulated Other Comprehensive Income, Net of Tax, by Component (Detail) (USD $) In Thousands, unless otherwise specified	3 Months Ended
	Mar. 31, 2014	Mar. 31, 2013
Accumulated Other Comprehensive Income (Loss) [Line Items]
Accumulated other comprehensive income (loss), balance at beginning of period	$ (56,924)
Other comprehensive income (loss) before reclassifications	19,033
Amounts reclassified from accumulated other comprehensive income	(6,150)
Net current period other comprehensive income (loss)	12,883	(974)
Accumulated other comprehensive income (loss), balance at end of period	(44,041)
Unrealized Net Gains (Losses) on Securities Available for Sale [Member]
Accumulated Other Comprehensive Income (Loss) [Line Items]
Accumulated other comprehensive income (loss), balance at beginning of period	(11,874)
Other comprehensive income (loss) before reclassifications	10,550
Amounts reclassified from accumulated other comprehensive income	(6,150)
Net current period other comprehensive income (loss)	4,400
Accumulated other comprehensive income (loss), balance at end of period	(7,474)
Non-Credit Related Loss on Debt Securities not Expected to be Sold [Member]
Accumulated Other Comprehensive Income (Loss) [Line Items]
Accumulated other comprehensive income (loss), balance at beginning of period	(6,192)
Other comprehensive income (loss) before reclassifications	6,192
Amounts reclassified from accumulated other comprehensive income
Net current period other comprehensive income (loss)	6,192
Accumulated other comprehensive income (loss), balance at end of period
Unrealized Losses on Derivative Instruments [Member]
Accumulated Other Comprehensive Income (Loss) [Line Items]
Accumulated other comprehensive income (loss), balance at beginning of period	(6,586)
Other comprehensive income (loss) before reclassifications	2,074
Amounts reclassified from accumulated other comprehensive income
Net current period other comprehensive income (loss)	2,074
Accumulated other comprehensive income (loss), balance at end of period	(4,512)
Unrecognized Pension and Postretirement Obligations [Member]
Accumulated Other Comprehensive Income (Loss) [Line Items]
Accumulated other comprehensive income (loss), balance at beginning of period	(32,272)
Other comprehensive income (loss) before reclassifications	217
Amounts reclassified from accumulated other comprehensive income
Net current period other comprehensive income (loss)	217
Accumulated other comprehensive income (loss), balance at end of period	$ (32,055)

XML

Loans and Allowance for Loan Losses - Summary of Change in Accretable Yield of Acquired Loans (Detail) (USD $) In Thousands, unless otherwise specified	3 Months Ended	12 Months Ended
	Mar. 31, 2014	Dec. 31, 2013
Certain Loans Acquired in Transfer Not Accounted for as Debt Securities Acquired During Period [Line Items]
Balance at beginning of period	$ 305,646	$ 254,153
Acquisitions		115,352
Reduction due to unexpected early payoffs	(12,694)	(42,582)
Reclass from non-accretable difference	768	16,393
Disposals/transfers	(944)	(592)
Accretion	(15,913)	(37,078)
Balance at end of period	276,863	305,646
Acquired Impaired Loans [Member]
Certain Loans Acquired in Transfer Not Accounted for as Debt Securities Acquired During Period [Line Items]
Balance at beginning of period	7,456	778
Acquisitions		2,505
Reduction due to unexpected early payoffs
Reclass from non-accretable difference	332	8,097
Disposals/transfers	(759)	(368)
Accretion	(1,264)	(3,556)
Balance at end of period	5,765	7,456
Acquired Performing Loans [Member]
Certain Loans Acquired in Transfer Not Accounted for as Debt Securities Acquired During Period [Line Items]
Balance at beginning of period	298,190	253,375
Acquisitions		112,847
Reduction due to unexpected early payoffs	(12,694)	(42,582)
Reclass from non-accretable difference	436	8,296
Disposals/transfers	(185)	(224)
Accretion	(14,649)	(33,522)
Balance at end of period	$ 271,098	$ 298,190

XML

Derivative Instruments - Derivative Assets (Detail) (USD $) In Thousands, unless otherwise specified	Mar. 31, 2014	Dec. 31, 2013
Derivative [Line Items]
Net Amount Presented in the Balance Sheet	$ 33,292	$ 33,317
Gross Amounts Not Offset in the Balance Sheet Cash Collateral Received, Derivative Assets	133	53
Net Amount, Derivative Assets		82
Derivative Assets Subject to Master Netting Arrangement [Member]
Derivative [Line Items]
Net Amount Presented in the Balance Sheet	2,213	3,579
Gross Amounts Not Offset in the Balance Sheet Financial Instruments, Derivative Assets	2,080	3,444
Counterparty B [Member]
Derivative [Line Items]
Gross Amounts Not Offset in the Balance Sheet Cash Collateral Received, Derivative Assets
Net Amount, Derivative Assets
Counterparty B [Member] | Derivative Assets Subject to Master Netting Arrangement [Member]
Derivative [Line Items]
Net Amount Presented in the Balance Sheet	17	24
Gross Amounts Not Offset in the Balance Sheet Financial Instruments, Derivative Assets	17	24
Counterparty D [Member]
Derivative [Line Items]
Gross Amounts Not Offset in the Balance Sheet Cash Collateral Received, Derivative Assets
Net Amount, Derivative Assets
Counterparty D [Member] | Derivative Assets Subject to Master Netting Arrangement [Member]
Derivative [Line Items]
Net Amount Presented in the Balance Sheet	246	566
Gross Amounts Not Offset in the Balance Sheet Financial Instruments, Derivative Assets	246	566
Counterparty E [Member]
Derivative [Line Items]
Gross Amounts Not Offset in the Balance Sheet Cash Collateral Received, Derivative Assets
Net Amount, Derivative Assets
Counterparty E [Member] | Derivative Assets Subject to Master Netting Arrangement [Member]
Derivative [Line Items]
Net Amount Presented in the Balance Sheet	1,046	1,696
Gross Amounts Not Offset in the Balance Sheet Financial Instruments, Derivative Assets	1,046	1,696
Counterparty F [Member]
Derivative [Line Items]
Gross Amounts Not Offset in the Balance Sheet Cash Collateral Received, Derivative Assets
Net Amount, Derivative Assets		82
Counterparty F [Member] | Derivative Assets Subject to Master Netting Arrangement [Member]
Derivative [Line Items]
Net Amount Presented in the Balance Sheet	233	355
Gross Amounts Not Offset in the Balance Sheet Financial Instruments, Derivative Assets	233	273
Counterparty G [Member]
Derivative [Line Items]
Gross Amounts Not Offset in the Balance Sheet Cash Collateral Received, Derivative Assets
Net Amount, Derivative Assets
Counterparty G [Member] | Derivative Assets Subject to Master Netting Arrangement [Member]
Derivative [Line Items]
Net Amount Presented in the Balance Sheet	133	251
Gross Amounts Not Offset in the Balance Sheet Financial Instruments, Derivative Assets	133	251
Counterparty I [Member]
Derivative [Line Items]
Gross Amounts Not Offset in the Balance Sheet Cash Collateral Received, Derivative Assets
Net Amount, Derivative Assets
Counterparty I [Member] | Derivative Assets Subject to Master Netting Arrangement [Member]
Derivative [Line Items]
Net Amount Presented in the Balance Sheet	405	634
Gross Amounts Not Offset in the Balance Sheet Financial Instruments, Derivative Assets	405	634
Counterparty J [Member]
Derivative [Line Items]
Gross Amounts Not Offset in the Balance Sheet Cash Collateral Received, Derivative Assets	133	53
Net Amount, Derivative Assets
Counterparty J [Member] | Derivative Assets Subject to Master Netting Arrangement [Member]
Derivative [Line Items]
Net Amount Presented in the Balance Sheet	133	53
Gross Amounts Not Offset in the Balance Sheet Financial Instruments, Derivative Assets

XML

Retirement Plans - Net Periodic Benefit Cost for Defined Benefit Plans (Detail) (Defined Benefit Plans [Member], USD $) In Thousands, unless otherwise specified	3 Months Ended
	Mar. 31, 2014	Mar. 31, 2013
Defined Benefit Plans [Member]
Defined Benefit Plan Disclosure [Line Items]
Service cost	$ 16	$ 18
Interest cost	1,596	1,427
Expected return on plan assets	(2,487)	(2,270)
Amortization
Unrecognized net transition asset	(5)	(23)
Unrecognized prior service cost (credit)	2	2
Unrecognized loss	337	557
Net periodic pension cost	$ (541)	$ (289)

XML

Stock Incentive Plans - Additional Information (Detail) (USD $) In Thousands, except Share data, unless otherwise specified	3 Months Ended						3 Months Ended
	Mar. 31, 2014	Mar. 31, 2013	Jun. 16, 2009	Mar. 31, 2014 Parkvale Financial Corporation [Member]	Mar. 31, 2014 Annapolis Bancorp, Inc. [Member]	Apr. 06, 2013 Annapolis Bancorp, Inc. [Member]	Mar. 31, 2014 Restricted Stock [Member]	Mar. 31, 2013 Restricted Stock [Member]	Mar. 31, 2014 Employee Stock Option [Member]	Mar. 31, 2013 Employee Stock Option [Member]	Mar. 31, 2014 Service-Based Awards [Member]	Mar. 31, 2014 Performance-Based Awards [Member]	Mar. 31, 2014 Discretionary Service-Based Awards [Member]	Mar. 31, 2014 Warrant Expires In 2019 [Member]	Apr. 06, 2013 Warrant Expires In 2019 [Member] Annapolis Bancorp, Inc. [Member]	Mar. 24, 2014 Warrant Expires in 2018 [Member] Parkvale Financial Corporation [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Restricted stock awards issued		295,705
Aggregate, weighted average grant date fair value		$ 3,472
Common stock shares available under Incentive Compensation Plans	2,467,326
Vesting period of awards expensed, years									10 years		3 years	4 years	5 years
Share-based compensation expense related to restricted stock awards							$ 532	$ 1,083
Tax benefit related to restricted stock awards							186	379
Total fair value of awards vested							8,631	8,259
Unrecognized compensation cost related to unvested restricted stock awards	4,159						4,159				1,390	2,769
Amount subject to accelerated vesting under Incentive Compensation Plan							56
Stock options exercised	87,332								87,332
Stock options granted
Intrinsic value of outstanding and exercisable stock options	$ 3,012
Maximum common shares available for purchase under warrants	1,302,083		651,042
Warrant issued, exercise price						3.57								11.52	3.57	5.81
Warrant issued				819,640	342,564

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Comprehensive Income - Components of Comprehensive Income, Net of Related Tax (Detail) (USD $) In Thousands, unless otherwise specified	3 Months Ended
	Mar. 31, 2014	Mar. 31, 2013
Components Of Comprehensive Income [Abstract]
Net income	$ 34,524	$ 28,538
Securities available for sale, Unrealized gains (losses) arising during the period, net of tax expense (benefit) of $5,681 and $(99)	10,550	(184)
Securities available for sale, Reversal of non-credit related losses on debt securities not expected to be sold, net of tax expense of $3,335	6,192
Securities available for sale, Reclassification adjustment for gains included in net income, net of tax expense of $3,311 and $239	(6,150)	(445)
Unrealized gains (losses) on derivative instruments arising during the period, net of tax expense (benefit) of $1,117 and $(373)	2,074	(694)
Unrealized gains on pension and postretirement benefit obligations arising during the period, net of tax expense of $117 and $188	217	349
Other comprehensive income (loss)	12,883	(974)
Comprehensive income	$ 47,407	$ 27,564

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Derivative Instruments - Derivative Liabilities (Detail) (USD $) In Thousands, unless otherwise specified	Mar. 31, 2014	Dec. 31, 2013
Derivative [Line Items]
Net Amount Presented in the Balance Sheet	$ 40,165	$ 43,369
Derivative Liabilities Subject to Master Netting Arrangement [Member]
Derivative [Line Items]
Net Amount Presented in the Balance Sheet	38,332	40,323
Gross Amount Not Offset in the Balance Sheet Financial Instruments, Derivative Liabilities	33,541	36,581
Gross Amount Not Offset in the Balance Sheet Cash Collateral Pledged, Derivative Liabilities	2,672	1,610
Net Amount, Derivative Liabilities	2,119	2,132
Derivative Liabilities Subject to Master Netting Arrangement [Member] | Counterparty A [Member]
Derivative [Line Items]
Net Amount Presented in the Balance Sheet	4,682	4,934
Gross Amount Not Offset in the Balance Sheet Financial Instruments, Derivative Liabilities	4,682	4,934
Gross Amount Not Offset in the Balance Sheet Cash Collateral Pledged, Derivative Liabilities
Net Amount, Derivative Liabilities
Derivative Liabilities Subject to Master Netting Arrangement [Member] | Counterparty B [Member]
Derivative [Line Items]
Net Amount Presented in the Balance Sheet	3,005	3,249
Gross Amount Not Offset in the Balance Sheet Financial Instruments, Derivative Liabilities	3,005	3,249
Gross Amount Not Offset in the Balance Sheet Cash Collateral Pledged, Derivative Liabilities
Net Amount, Derivative Liabilities
Derivative Liabilities Subject to Master Netting Arrangement [Member] | Counterparty C [Member]
Derivative [Line Items]
Net Amount Presented in the Balance Sheet	1,356	1,431
Gross Amount Not Offset in the Balance Sheet Financial Instruments, Derivative Liabilities	1,356	1,431
Gross Amount Not Offset in the Balance Sheet Cash Collateral Pledged, Derivative Liabilities
Net Amount, Derivative Liabilities
Derivative Liabilities Subject to Master Netting Arrangement [Member] | Counterparty D [Member]
Derivative [Line Items]
Net Amount Presented in the Balance Sheet	8,855	9,614
Gross Amount Not Offset in the Balance Sheet Financial Instruments, Derivative Liabilities	8,855	9,614
Gross Amount Not Offset in the Balance Sheet Cash Collateral Pledged, Derivative Liabilities
Net Amount, Derivative Liabilities
Derivative Liabilities Subject to Master Netting Arrangement [Member] | Counterparty E [Member]
Derivative [Line Items]
Net Amount Presented in the Balance Sheet	5,093	6,257
Gross Amount Not Offset in the Balance Sheet Financial Instruments, Derivative Liabilities	5,093	6,257
Gross Amount Not Offset in the Balance Sheet Cash Collateral Pledged, Derivative Liabilities
Net Amount, Derivative Liabilities
Derivative Liabilities Subject to Master Netting Arrangement [Member] | Counterparty F [Member]
Derivative [Line Items]
Net Amount Presented in the Balance Sheet	15	13
Gross Amount Not Offset in the Balance Sheet Financial Instruments, Derivative Liabilities	15	13
Gross Amount Not Offset in the Balance Sheet Cash Collateral Pledged, Derivative Liabilities
Net Amount, Derivative Liabilities
Derivative Liabilities Subject to Master Netting Arrangement [Member] | Counterparty G [Member]
Derivative [Line Items]
Net Amount Presented in the Balance Sheet	4,804	5,309
Gross Amount Not Offset in the Balance Sheet Financial Instruments, Derivative Liabilities	4,804	5,309
Gross Amount Not Offset in the Balance Sheet Cash Collateral Pledged, Derivative Liabilities
Net Amount, Derivative Liabilities
Derivative Liabilities Subject to Master Netting Arrangement [Member] | Counterparty H [Member]
Derivative [Line Items]
Net Amount Presented in the Balance Sheet	2,119	2,257
Gross Amount Not Offset in the Balance Sheet Financial Instruments, Derivative Liabilities		125
Gross Amount Not Offset in the Balance Sheet Cash Collateral Pledged, Derivative Liabilities
Net Amount, Derivative Liabilities	2,119	2,132
Derivative Liabilities Subject to Master Netting Arrangement [Member] | Counterparty I [Member]
Derivative [Line Items]
Net Amount Presented in the Balance Sheet	5,731	5,649
Gross Amount Not Offset in the Balance Sheet Financial Instruments, Derivative Liabilities	5,731	5,649
Gross Amount Not Offset in the Balance Sheet Cash Collateral Pledged, Derivative Liabilities
Net Amount, Derivative Liabilities
Derivative Liabilities Subject to Master Netting Arrangement [Member] | Counterparty J [Member]
Derivative [Line Items]
Net Amount Presented in the Balance Sheet	2,672	1,610
Gross Amount Not Offset in the Balance Sheet Financial Instruments, Derivative Liabilities
Gross Amount Not Offset in the Balance Sheet Cash Collateral Pledged, Derivative Liabilities	2,672	1,610
Net Amount, Derivative Liabilities

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Borrowings - Additional Information (Detail) (USD $) In Thousands, unless otherwise specified	Mar. 31, 2014	Dec. 31, 2013
Debt Disclosure [Abstract]
Credit available with FHLB	$ 3,574,396
Credit with FHLB used	$ 150,073	$ 50,076
Federal Home Loan Bank advances are scheduled to mature periodically through the year	2019
Effective interest rates, minimum	0.95%	1.06%
Effective interest rates, maximum	4.19%	4.19%

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EARNINGS PER COMMON SHARE

3 Months Ended

Mar. 31, 2014

Earnings Per Share [Abstract]

EARNINGS PER COMMON SHARE

EARNINGS PER COMMON SHARE

Basic earnings per common share is calculated by dividing net income available to common stockholders by the weighted average number of shares of common stock outstanding net of unvested shares of restricted stock.

Diluted earnings per common share is calculated by dividing net income available to common stockholders by the weighted average number of shares of common stock outstanding, adjusted for the dilutive effect of potential common shares issuable for stock options, warrants and restricted shares, as calculated using the treasury stock method. Adjustments to the weighted average number of shares of common stock outstanding are made only when such adjustments dilute earnings per common share.

The following table sets forth the computation of basic and diluted earnings per common share:

	Three Months Ended
	March 31,
	2014		2013
Net income	$	34,524	$	28,538
Preferred stock dividends		2,322		—
Net income available to common stockholders	$	32,202	$	28,538
Basic weighted average common shares outstanding		162,186,395		139,650,495
Net effect of dilutive stock options, warrants, restricted stock and convertible debt		1,780,851		1,415,695
Diluted weighted average common shares outstanding		163,967,246		141,066,190
Earnings per common share:
Basic	$	0.20	$	0.20
Diluted	$	0.20	$	0.20

For the three months ended March 31, 2014 and 2013, 51,641 and 71,555 shares of common stock, respectively, related to stock options and warrants were excluded from the computation of diluted earnings per common share because the exercise price of the shares was greater than the average market price of the common shares and, therefore, the effect would be anti-dilutive.

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Securities - Amortized Cost and Fair Value of Securities, by Contractual Maturities (Detail) (USD $) In Thousands, unless otherwise specified	Mar. 31, 2014	Dec. 31, 2013
Schedule Of Securities [Line Items]
Available for Sale, Due in one year or less, Amortized Cost
Available for Sale, Due from one to five years, Amortized Cost	209,466
Available for Sale, Due from five to ten years, Amortized Cost	82,024
Available for Sale, Due after ten years, Amortized Cost	7,588
Available for Sale, with contractual maturities, Amortized Cost	299,078
Total securities available for sale, Amortized Cost	1,285,605	1,169,482
Available for Sale, Due in one year or less, Fair Value
Available for Sale, Due from one to five years, Fair Value	207,689
Available for Sale, Due from five to ten years, Fair Value	80,998
Available for Sale, Due after ten years, Fair Value	6,739
Available for Sale, with contractual maturities, Fair Value	295,426
Total available for sale Securities, Fair Value	1,274,070	1,141,650
Held to Maturity, Due in one year or less, Amortized Cost	2,716
Held to Maturity, Due from one to five years, Amortized Cost	77,526
Held to Maturity, Due from five to ten years, Amortized Cost	85,763
Held to Maturity, Due after ten years, Amortized Cost	67,790
Securities Held To Maturity, with contractual maturities, Amortized Cost	233,795
Held to Maturity, with contractual maturities, Amortized Cost	1,420,446	1,199,169
Held to Maturity, Due in one year or less, Fair Value	2,766
Held to Maturity, Due from one to five years, Fair Value	76,567
Held to Maturity, Due from five to ten years, Fair Value	86,428
Held to Maturity, Due after ten years, Fair Value	68,491
Securities Held To Maturity, with contractual maturities, Fair Value	234,252
Held to Maturity, with contractual maturities, Fair Value	1,418,994	1,189,563
Agency Mortgage-Backed Securities [Member]
Schedule Of Securities [Line Items]
Total securities available for sale, Amortized Cost	352,209	247,880
Total available for sale Securities, Fair Value	355,941
Held to Maturity, with contractual maturities, Amortized Cost	725,154	628,681
Held to Maturity, with contractual maturities, Fair Value	733,866	634,930
Agency Collateralized Mortgage Obligations [Member]
Schedule Of Securities [Line Items]
Total securities available for sale, Amortized Cost	622,060	511,098
Total available for sale Securities, Fair Value	609,752
Held to Maturity, with contractual maturities, Amortized Cost	452,909	385,408
Held to Maturity, with contractual maturities, Fair Value	442,158	370,328
Non-Agency Collateralized Mortgage Obligations [Member]
Schedule Of Securities [Line Items]
Total securities available for sale, Amortized Cost	1,661	1,747
Total available for sale Securities, Fair Value	1,679
Held to Maturity, with contractual maturities, Amortized Cost	6,352	6,852
Held to Maturity, with contractual maturities, Fair Value	6,376	6,892
Commercial Mortgage-Backed Securities [Member]
Schedule Of Securities [Line Items]
Total securities available for sale, Amortized Cost	9,153
Total available for sale Securities, Fair Value	9,129
Held to Maturity, with contractual maturities, Amortized Cost	2,236	2,241
Held to Maturity, with contractual maturities, Fair Value	2,342	2,328
Equity Securities [Member]
Schedule Of Securities [Line Items]
Total securities available for sale, Amortized Cost	1,444	1,444
Total available for sale Securities, Fair Value	2,143
Held to Maturity, with contractual maturities, Amortized Cost
Held to Maturity, with contractual maturities, Fair Value

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FAIR VALUE MEASUREMENTS (Tables)

3 Months Ended

Mar. 31, 2014

Fair Value Disclosures [Abstract]

Balances of Assets and Liabilities Measured at Fair Value on Recurring Basis

The following table presents the balances of assets and liabilities measured at fair value on a recurring basis:

	Level 1		Level 2		Level 3		Total
March 31, 2014
Assets measured at fair value
Available for sale debt securities:
U.S. government-sponsored entities	$	—	$	264,681	$	—	$	264,681
Residential mortgage-backed securities
Agency mortgage-backed securities		—		355,941		—		355,941
Agency collateralized mortgage obligations		—		609,752		—		609,752
Non-agency collateralized mortgage obligations		—		16		1,663		1,679
Commercial mortgage-backed securities		—		9,129		—		9,129
States of the U.S. and political subdivisions		—		14,505		—		14,505
Other debt securities		—		16,240		—		16,240
		—		1,270,264		1,663		1,271,927
Available for sale equity securities:
Financial services industry		558		1,106		414		2,078
Insurance services industry		65		—		—		65
		623		1,106		414		2,143
		623		1,271,370		2,077		1,274,070
Derivative financial instruments:
Trading		—		33,173		—		33,173
Not for trading		—		119		—		119
		—		33,292		—		33,292
	$	623	$	1,304,662	$	2,077	$	1,307,362
Liabilities measured at fair value
Derivative financial instruments:
Trading		—	$	33,105		—	$	33,105
Not for trading		—		7,060		—		7,060
		—	$	40,165		—	$	40,165

	Level 1		Level 2		Level 3		Total
December 31, 2013
Assets measured at fair value
Available for sale debt securities:
U.S. government-sponsored entities	$	—	$	330,985	$	—	$	330,985
Residential mortgage-backed securities
Agency mortgage-backed securities		—		250,881		—		250,881
Agency collateralized mortgage obligations		—		491,199		—		491,199
Non-agency collateralized mortgage obligations		—		18		1,744		1,762
States of the U.S. and political subdivisions		—		17,002		—		17,002
Collateralized debt obligations		—		—		31,595		31,595
Other debt securities		—		16,100		—		16,100
		—		1,106,185		33,339		1,139,524
Available for sale equity securities:
Financial services industry		584		1,067		410		2,061
Insurance services industry		65		—		—		65
		649		1,067		410		2,126
		649		1,107,252		33,749		1,141,650
Derivative financial instruments:
Trading		—		33,317		—		33,317
Not for trading		—		—		—		—
		—		33,317		—		33,317
	$	649	$	1,140,569	$	33,749	$	1,174,967
Liabilities measured at fair value
Derivative financial instruments:
Trading		—	$	33,236		—	$	33,236
Not for trading		—		10,133		—		10,133
		—	$	43,369		—	$	43,369

Additional Information about Assets Measured at Fair Value on Recurring Basis

The following table presents additional information about assets measured at fair value on a recurring basis and for which the Corporation has utilized Level 3 inputs to determine fair value:

	Pooled Trust Preferred Collateralized Debt Obligations			Other Debt Securities			Equity Securities			Residential Non-Agency Collateralized Mortgage Obligations			Total
Three Months Ended March 31, 2014
Balance at beginning of period	$	31,595			—		$	410		$	1,744		$	33,749
Total gains (losses) – realized/unrealized:
Included in earnings		13,766			—			—			—			13,766
Included in other comprehensive income		5,608			—			4			4			5,616
Accretion included in earnings		657			—			—			1			658
Purchases, issuances, sales and settlements:
Purchases		—			—			—			—			—
Issuances		—			—			—			—			—
Sales/redemptions		(51,527	)		—			—			—			(51,527	)
Settlements		(99	)		—			—			(86	)		(185	)
Transfers from Level 3		—			—			—			—			—
Transfers into Level 3		—			—			—			—			—
Balance at end of period	$	—			—		$	414		$	1,663		$	2,077
Year Ended December 31, 2013
Balance at beginning of period	$	22,456		$	6,892		$	512		$	2,705		$	32,565
Total gains (losses) – realized/unrealized:
Included in earnings		—			78			—			—			78
Included in other comprehensive income		6,701			21			18			(35	)		6,705
Accretion included in earnings		3,160			4			—			12			3,176
Purchases, issuances, sales and settlements:
Purchases		—			—			—			—			—
Issuances		38			—			—			—			38
Sales/redemptions		—			(1,033	)		—			—			(1,033	)
Settlements		(760	)		—			—			(938	)		(1,698	)
Transfers from Level 3		—			(5,962	)		(120	)		—			(6,082	)
Transfers into Level 3		—			—			—			—			—
Balance at end of period	$	31,595		$	—		$	410		$	1,744		$	33,749

Additional Information about Assets Measured at Fair Value on Non-Recurring Basis

For assets measured at fair value on a non-recurring basis still held at the balance sheet date, the following table provides the hierarchy level and the fair value of the related assets or portfolios:

	Level 1		Level 2		Level 3		Total
March 31, 2014
Impaired loans		—	$	9,422	$	—	$	9,422
Other real estate owned		—		1,373		3,286		4,659
December 31, 2013
Impaired loans		—	$	3,235	$	59	$	3,294
Other real estate owned		—		4,485		14,957		19,442

Fair Values of Corporation's Financial Instruments

The fair values of the Corporation’s financial instruments are as follows:

	Carrying		Fair		Fair Value Measurements
	Amount		Value		Level 1		Level 2		Level 3
March 31, 2014
Financial Assets
Cash and cash equivalents	$	246,253	$	246,253	$	246,253	$	—	$	—
Securities available for sale		1,274,070		1,274,070		623		1,271,370		2,077
Securities held to maturity		1,420,446		1,418,994		—		1,412,618		6,376
Net loans, including loans held for sale		9,834,857		9,668,159		—		—		9,668,159
Bank owned life insurance		307,872		312,290		312,290		—		—
Derivative assets		33,292		33,292		—		33,292		—
Accrued interest receivable		37,199		37,199		37,199		—		—
Financial Liabilities
Deposits		10,938,736		10,948,821		8,161,249		2,787,572		—
Short-term borrowings		1,216,624		1,216,624		1,216,624		—		—
Long-term debt		235,752		238,381		—		—		238,381
Junior subordinated debt		68,517		69,465		—		—		69,465
Derivative liabilities		40,165		40,165		—		40,165		—
Accrued interest payable		6,539		6,539		6,539		—		—
December 31, 2013
Financial Assets
Cash and cash equivalents	$	213,981	$	213,981	$	213,981	$	—	$	—
Securities available for sale		1,141,650		1,141,650		649		1,107,252		33,749
Securities held to maturity		1,199,169		1,189,563		—		1,182,671		6,892
Net loans, including loans held for sale		9,402,448		9,243,780		—		—		9,243,780
Bank owned life insurance		289,402		292,694		292,694		—		—
Derivative assets		33,317		33,317		—		33,317		—
Accrued interest receivable		35,520		35,520		35,520		—		—
Financial Liabilities
Deposits		10,198,232		10,208,268		7,592,159		2,616,109		—
Short-term borrowings		1,241,239		1,241,239		1,241,239		—		—
Long-term debt		143,928		145,995		—		—		145,995
Junior subordinated debt		75,205		70,442		—		—		70,442
Derivative liabilities		43,369		43,369		—		43,369		—
Accrued interest payable		7,061		7,061		7,061		—		—

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Derivative Instruments - Offsetting of Derivative Assets and Liabilities (Detail) (USD $) In Thousands, unless otherwise specified	Mar. 31, 2014	Dec. 31, 2013
Derivatives, Fair Value [Line Items]
Gross Amount	$ 33,292	$ 33,317
Gross Amounts Offset in the Balance Sheet, Derivative Assets
Net Amount Presented in the Balance Sheet	33,292	33,317
Gross Amount	40,165	43,369
Gross Amounts Offset in the Balance Sheet, Derivative Liabilities
Net Amount Presented in the Balance Sheet	40,165	43,369
Derivative Assets Subject to Master Netting Arrangement [Member]
Derivatives, Fair Value [Line Items]
Net Amount Presented in the Balance Sheet	2,213	3,579
Derivative Assets Subject to Master Netting Arrangement [Member] | Interest Rate Contracts [Member]
Derivatives, Fair Value [Line Items]
Gross Amount	2,172	3,547
Gross Amounts Offset in the Balance Sheet, Derivative Assets
Net Amount Presented in the Balance Sheet	2,172	3,547
Derivative Assets Subject to Master Netting Arrangement [Member] | Equity Contracts [Member]
Derivatives, Fair Value [Line Items]
Gross Amount	41	32
Gross Amounts Offset in the Balance Sheet, Derivative Assets
Net Amount Presented in the Balance Sheet	41	32
Derivative Assets Not Subject to Master Netting Arrangement [Member] | Interest Rate Contracts [Member]
Derivatives, Fair Value [Line Items]
Gross Amount	31,079	29,738
Gross Amounts Offset in the Balance Sheet, Derivative Assets
Net Amount Presented in the Balance Sheet	31,079	29,738
Derivative Liabilities Subject to Master Netting Arrangement [Member]
Derivatives, Fair Value [Line Items]
Net Amount Presented in the Balance Sheet	38,332	40,323
Derivative Liabilities Subject to Master Netting Arrangement [Member] | Interest Rate Contracts [Member]
Derivatives, Fair Value [Line Items]
Gross Amount	38,332	40,323
Gross Amounts Offset in the Balance Sheet, Derivative Liabilities
Net Amount Presented in the Balance Sheet	38,332	40,323
Derivative Liabilities Not Subject to Master Netting Arrangement [Member] | Interest Rate Contracts [Member]
Derivatives, Fair Value [Line Items]
Gross Amount	1,792	3,014
Gross Amounts Offset in the Balance Sheet, Derivative Liabilities
Net Amount Presented in the Balance Sheet	1,792	3,014
Derivative Liabilities Not Subject to Master Netting Arrangement [Member] | Equity Contracts [Member]
Derivatives, Fair Value [Line Items]
Gross Amount	41	32
Gross Amounts Offset in the Balance Sheet, Derivative Liabilities
Net Amount Presented in the Balance Sheet	$ 41	$ 32

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Fair Value Measurements - Balances of Assets and Liabilities Measured at Fair Value on Recurring Basis (Detail) (USD $) In Thousands, unless otherwise specified	Mar. 31, 2014	Dec. 31, 2013
Fair Value Assets And Liabilities Measured On Recurring Basis [Line Items]
Assets measured at fair value, Available for sale debt securities	$ 1,271,927	$ 1,139,524
Assets measured at fair value, Available for sale equity securities	2,143	2,126
Assets measured at fair value, Available for sale securities	1,274,070	1,141,650
Derivative financial instruments	33,292	33,317
Assets measured at fair value, Total	1,307,362	1,174,967
Derivative financial instruments	40,165	43,369
Liabilities measured at fair value, Total	40,165	43,369
U.S. Government-Sponsored Entities [Member]
Fair Value Assets And Liabilities Measured On Recurring Basis [Line Items]
Assets measured at fair value, Available for sale debt securities	264,681	330,985
States of the U.S. and Political Subdivisions [Member]
Fair Value Assets And Liabilities Measured On Recurring Basis [Line Items]
Assets measured at fair value, Available for sale debt securities	14,505	17,002
Other Debt Securities [Member]
Fair Value Assets And Liabilities Measured On Recurring Basis [Line Items]
Assets measured at fair value, Available for sale debt securities	16,240	16,100
Agency Mortgage-Backed Securities [Member]
Fair Value Assets And Liabilities Measured On Recurring Basis [Line Items]
Assets measured at fair value, Available for sale debt securities	355,941	250,881
Agency Collateralized Mortgage Obligations [Member]
Fair Value Assets And Liabilities Measured On Recurring Basis [Line Items]
Assets measured at fair value, Available for sale debt securities	609,752	491,199
Non-Agency Collateralized Mortgage Obligations [Member]
Fair Value Assets And Liabilities Measured On Recurring Basis [Line Items]
Assets measured at fair value, Available for sale debt securities	1,679	1,762
Commercial Mortgage-Backed Securities [Member]
Fair Value Assets And Liabilities Measured On Recurring Basis [Line Items]
Assets measured at fair value, Available for sale debt securities	9,129
Financial Services Industry [Member]
Fair Value Assets And Liabilities Measured On Recurring Basis [Line Items]
Assets measured at fair value, Available for sale equity securities	2,078	2,061
Insurance Services Industry [Member]
Fair Value Assets And Liabilities Measured On Recurring Basis [Line Items]
Assets measured at fair value, Available for sale equity securities	65	65
Collateralized Debt Obligations [Member]
Fair Value Assets And Liabilities Measured On Recurring Basis [Line Items]
Assets measured at fair value, Available for sale debt securities		31,595
Trading Assets [Member]
Fair Value Assets And Liabilities Measured On Recurring Basis [Line Items]
Derivative financial instruments	33,173	33,317
Not for Trading Assets [Member]
Fair Value Assets And Liabilities Measured On Recurring Basis [Line Items]
Derivative financial instruments	119
Trading Liabilities [Member]
Fair Value Assets And Liabilities Measured On Recurring Basis [Line Items]
Derivative financial instruments	33,105	33,236
Not for Trading Liabilities [Member]
Fair Value Assets And Liabilities Measured On Recurring Basis [Line Items]
Derivative financial instruments	7,060	10,133
Level 1 [Member]
Fair Value Assets And Liabilities Measured On Recurring Basis [Line Items]
Assets measured at fair value, Available for sale debt securities
Assets measured at fair value, Available for sale equity securities	623	649
Assets measured at fair value, Available for sale securities	623	649
Derivative financial instruments
Assets measured at fair value, Total	623	649
Derivative financial instruments
Liabilities measured at fair value, Total
Level 1 [Member] | U.S. Government-Sponsored Entities [Member]
Fair Value Assets And Liabilities Measured On Recurring Basis [Line Items]
Assets measured at fair value, Available for sale debt securities
Level 1 [Member] | States of the U.S. and Political Subdivisions [Member]
Fair Value Assets And Liabilities Measured On Recurring Basis [Line Items]
Assets measured at fair value, Available for sale debt securities
Level 1 [Member] | Other Debt Securities [Member]
Fair Value Assets And Liabilities Measured On Recurring Basis [Line Items]
Assets measured at fair value, Available for sale debt securities
Level 1 [Member] | Agency Mortgage-Backed Securities [Member]
Fair Value Assets And Liabilities Measured On Recurring Basis [Line Items]
Assets measured at fair value, Available for sale debt securities
Level 1 [Member] | Agency Collateralized Mortgage Obligations [Member]
Fair Value Assets And Liabilities Measured On Recurring Basis [Line Items]
Assets measured at fair value, Available for sale debt securities
Level 1 [Member] | Non-Agency Collateralized Mortgage Obligations [Member]
Fair Value Assets And Liabilities Measured On Recurring Basis [Line Items]
Assets measured at fair value, Available for sale debt securities
Level 1 [Member] | Commercial Mortgage-Backed Securities [Member]
Fair Value Assets And Liabilities Measured On Recurring Basis [Line Items]
Assets measured at fair value, Available for sale debt securities
Level 1 [Member] | Financial Services Industry [Member]
Fair Value Assets And Liabilities Measured On Recurring Basis [Line Items]
Assets measured at fair value, Available for sale equity securities	558	584
Level 1 [Member] | Insurance Services Industry [Member]
Fair Value Assets And Liabilities Measured On Recurring Basis [Line Items]
Assets measured at fair value, Available for sale equity securities	65	65
Level 1 [Member] | Collateralized Debt Obligations [Member]
Fair Value Assets And Liabilities Measured On Recurring Basis [Line Items]
Assets measured at fair value, Available for sale debt securities
Level 1 [Member] | Trading Assets [Member]
Fair Value Assets And Liabilities Measured On Recurring Basis [Line Items]
Derivative financial instruments
Level 1 [Member] | Not for Trading Assets [Member]
Fair Value Assets And Liabilities Measured On Recurring Basis [Line Items]
Derivative financial instruments
Level 1 [Member] | Trading Liabilities [Member]
Fair Value Assets And Liabilities Measured On Recurring Basis [Line Items]
Derivative financial instruments
Level 1 [Member] | Not for Trading Liabilities [Member]
Fair Value Assets And Liabilities Measured On Recurring Basis [Line Items]
Derivative financial instruments
Level 2 [Member]
Fair Value Assets And Liabilities Measured On Recurring Basis [Line Items]
Assets measured at fair value, Available for sale debt securities	1,270,264	1,106,185
Assets measured at fair value, Available for sale equity securities	1,106	1,067
Assets measured at fair value, Available for sale securities	1,271,370	1,107,252
Derivative financial instruments	33,292	33,317
Assets measured at fair value, Total	1,304,662	1,140,569
Derivative financial instruments	40,165	43,369
Liabilities measured at fair value, Total	40,165	43,369
Level 2 [Member] | U.S. Government-Sponsored Entities [Member]
Fair Value Assets And Liabilities Measured On Recurring Basis [Line Items]
Assets measured at fair value, Available for sale debt securities	264,681	330,985
Level 2 [Member] | States of the U.S. and Political Subdivisions [Member]
Fair Value Assets And Liabilities Measured On Recurring Basis [Line Items]
Assets measured at fair value, Available for sale debt securities	14,505	17,002
Level 2 [Member] | Other Debt Securities [Member]
Fair Value Assets And Liabilities Measured On Recurring Basis [Line Items]
Assets measured at fair value, Available for sale debt securities	16,240	16,100
Level 2 [Member] | Agency Mortgage-Backed Securities [Member]
Fair Value Assets And Liabilities Measured On Recurring Basis [Line Items]
Assets measured at fair value, Available for sale debt securities	355,941	250,881
Level 2 [Member] | Agency Collateralized Mortgage Obligations [Member]
Fair Value Assets And Liabilities Measured On Recurring Basis [Line Items]
Assets measured at fair value, Available for sale debt securities	609,752	491,199
Level 2 [Member] | Non-Agency Collateralized Mortgage Obligations [Member]
Fair Value Assets And Liabilities Measured On Recurring Basis [Line Items]
Assets measured at fair value, Available for sale debt securities	16	18
Level 2 [Member] | Commercial Mortgage-Backed Securities [Member]
Fair Value Assets And Liabilities Measured On Recurring Basis [Line Items]
Assets measured at fair value, Available for sale debt securities	9,129
Level 2 [Member] | Financial Services Industry [Member]
Fair Value Assets And Liabilities Measured On Recurring Basis [Line Items]
Assets measured at fair value, Available for sale equity securities	1,106	1,067
Level 2 [Member] | Insurance Services Industry [Member]
Fair Value Assets And Liabilities Measured On Recurring Basis [Line Items]
Assets measured at fair value, Available for sale equity securities
Level 2 [Member] | Collateralized Debt Obligations [Member]
Fair Value Assets And Liabilities Measured On Recurring Basis [Line Items]
Assets measured at fair value, Available for sale debt securities
Level 2 [Member] | Trading Assets [Member]
Fair Value Assets And Liabilities Measured On Recurring Basis [Line Items]
Derivative financial instruments	33,173	33,317
Level 2 [Member] | Not for Trading Assets [Member]
Fair Value Assets And Liabilities Measured On Recurring Basis [Line Items]
Derivative financial instruments	119
Level 2 [Member] | Trading Liabilities [Member]
Fair Value Assets And Liabilities Measured On Recurring Basis [Line Items]
Derivative financial instruments	33,105	33,236
Level 2 [Member] | Not for Trading Liabilities [Member]
Fair Value Assets And Liabilities Measured On Recurring Basis [Line Items]
Derivative financial instruments	7,060	10,133
Level 3 [Member]
Fair Value Assets And Liabilities Measured On Recurring Basis [Line Items]
Assets measured at fair value, Available for sale debt securities	1,663	33,339
Assets measured at fair value, Available for sale equity securities	414	410
Assets measured at fair value, Available for sale securities	2,077	33,749
Derivative financial instruments
Assets measured at fair value, Total	2,077	33,749
Derivative financial instruments
Liabilities measured at fair value, Total
Level 3 [Member] | U.S. Government-Sponsored Entities [Member]
Fair Value Assets And Liabilities Measured On Recurring Basis [Line Items]
Assets measured at fair value, Available for sale debt securities
Level 3 [Member] | States of the U.S. and Political Subdivisions [Member]
Fair Value Assets And Liabilities Measured On Recurring Basis [Line Items]
Assets measured at fair value, Available for sale debt securities
Level 3 [Member] | Other Debt Securities [Member]
Fair Value Assets And Liabilities Measured On Recurring Basis [Line Items]
Assets measured at fair value, Available for sale debt securities
Level 3 [Member] | Agency Mortgage-Backed Securities [Member]
Fair Value Assets And Liabilities Measured On Recurring Basis [Line Items]
Assets measured at fair value, Available for sale debt securities
Level 3 [Member] | Agency Collateralized Mortgage Obligations [Member]
Fair Value Assets And Liabilities Measured On Recurring Basis [Line Items]
Assets measured at fair value, Available for sale debt securities
Level 3 [Member] | Non-Agency Collateralized Mortgage Obligations [Member]
Fair Value Assets And Liabilities Measured On Recurring Basis [Line Items]
Assets measured at fair value, Available for sale debt securities	1,663	1,744
Level 3 [Member] | Commercial Mortgage-Backed Securities [Member]
Fair Value Assets And Liabilities Measured On Recurring Basis [Line Items]
Assets measured at fair value, Available for sale debt securities
Level 3 [Member] | Financial Services Industry [Member]
Fair Value Assets And Liabilities Measured On Recurring Basis [Line Items]
Assets measured at fair value, Available for sale equity securities	414	410
Level 3 [Member] | Insurance Services Industry [Member]
Fair Value Assets And Liabilities Measured On Recurring Basis [Line Items]
Assets measured at fair value, Available for sale equity securities
Level 3 [Member] | Collateralized Debt Obligations [Member]
Fair Value Assets And Liabilities Measured On Recurring Basis [Line Items]
Assets measured at fair value, Available for sale debt securities		31,595
Level 3 [Member] | Trading Assets [Member]
Fair Value Assets And Liabilities Measured On Recurring Basis [Line Items]
Derivative financial instruments
Level 3 [Member] | Not for Trading Assets [Member]
Fair Value Assets And Liabilities Measured On Recurring Basis [Line Items]
Derivative financial instruments
Level 3 [Member] | Trading Liabilities [Member]
Fair Value Assets And Liabilities Measured On Recurring Basis [Line Items]
Derivative financial instruments
Level 3 [Member] | Not for Trading Liabilities [Member]
Fair Value Assets And Liabilities Measured On Recurring Basis [Line Items]
Derivative financial instruments

XML

RETIREMENT PLANS (Tables)

3 Months Ended

Mar. 31, 2014

Compensation And Retirement Disclosure [Abstract]

Net Periodic Benefit Cost for Defined Benefit Plans

The net periodic benefit cost for the defined benefit plans includes the following components:

	Three Months Ended
	March 31,
	2014			2013
Service cost	$	16		$	18
Interest cost		1,596			1,427
Expected return on plan assets		(2,487	)		(2,270	)
Amortization:
Unrecognized net transition asset		(5	)		(23	)
Unrecognized prior service cost (credit)		2			2
Unrecognized loss		337			557
Net periodic pension cost	$	(541	)	$	(289	)

XML

Securities - Summary of Cumulative Credit-Related OTTI Charges (Detail) (USD $) In Thousands, unless otherwise specified	3 Months Ended
	Mar. 31, 2014	Mar. 31, 2013
Other than Temporary Impairment, Credit Losses Recognized in Earnings [Line Items]
Beginning balance	$ 17,182	$ 17,367
Loss where impairment was not previously recognized
Additional loss where impairment was previously recognized
Reduction due to credit impaired securities sold	(17,155)	(212)
Ending balance	27	17,155
Collateralized Debt Obligations [Member]
Other than Temporary Impairment, Credit Losses Recognized in Earnings [Line Items]
Beginning balance	17,155	17,155
Loss where impairment was not previously recognized
Additional loss where impairment was previously recognized
Reduction due to credit impaired securities sold	(17,155)
Ending balance		17,155
Residential Non-Agency Collateralized Mortgage Obligations [Member]
Other than Temporary Impairment, Credit Losses Recognized in Earnings [Line Items]
Beginning balance		212
Loss where impairment was not previously recognized
Additional loss where impairment was previously recognized
Reduction due to credit impaired securities sold		(212)
Ending balance
Equity Securities [Member]
Other than Temporary Impairment, Credit Losses Recognized in Earnings [Line Items]
Beginning balance	27
Loss where impairment was not previously recognized
Additional loss where impairment was previously recognized
Reduction due to credit impaired securities sold
Ending balance	$ 27

XML

Loans and Allowance for Loan Losses - Summary of Changes in Allowance for Loan Losses by Class (Detail) (USD $) In Thousands, unless otherwise specified	3 Months Ended
	Mar. 31, 2014	Mar. 31, 2013
Schedule Of Allowance For Loan Losses [Line Items]
Balance at Beginning of Year	$ 110,784	$ 104,374
Charge- Offs	(7,103)	(6,804)
Recoveries	1,532	2,591
Net Charge- Offs	(5,571)	(4,213)
Provision for loan losses	7,006	7,541
Balance at End of Year	112,219	107,702
Originated Loans [Member]
Schedule Of Allowance For Loan Losses [Line Items]
Balance at Beginning of Year	104,884	100,194
Charge- Offs	(6,863)	(6,435)
Recoveries	1,246	2,387
Net Charge- Offs	(5,617)	(4,048)
Provision for loan losses	7,856	6,358
Balance at End of Year	107,123	102,504
Acquired Loans [Member]
Schedule Of Allowance For Loan Losses [Line Items]
Balance at Beginning of Year	5,900	4,180
Charge- Offs	(240)	(369)
Recoveries	286	204
Net Charge- Offs	46	(165)
Provision for loan losses	(850)	1,183
Balance at End of Year	5,096	5,198
Commercial Real Estate [Member]
Schedule Of Allowance For Loan Losses [Line Items]
Balance at Beginning of Year	32,548	34,810
Charge- Offs	(2,223)	(2,287)
Recoveries	299	1,427
Net Charge- Offs	(1,924)	(860)
Provision for loan losses	7,910	6,062
Balance at End of Year	38,534	40,012
Commercial and Industrial [Member]
Schedule Of Allowance For Loan Losses [Line Items]
Balance at Beginning of Year	32,603	31,849
Charge- Offs	(513)	(208)
Recoveries	370	356
Net Charge- Offs	(143)	148
Provision for loan losses	(2,489)	(3,159)
Balance at End of Year	29,971	28,838
Commercial Leases [Member]
Schedule Of Allowance For Loan Losses [Line Items]
Balance at Beginning of Year	1,903	1,744
Charge- Offs	(87)	(57)
Recoveries	29	62
Net Charge- Offs	(58)	5
Provision for loan losses	99	(53)
Balance at End of Year	1,944	1,696
Total Commercial Loans and Leases [Member]
Schedule Of Allowance For Loan Losses [Line Items]
Balance at Beginning of Year	67,054	68,403
Charge- Offs	(2,823)	(2,552)
Recoveries	698	1,845
Net Charge- Offs	(2,125)	(707)
Provision for loan losses	5,520	2,850
Balance at End of Year	70,449	70,546
Direct Installment [Member]
Schedule Of Allowance For Loan Losses [Line Items]
Balance at Beginning of Year	17,824	15,130
Charge- Offs	(2,521)	(2,345)
Recoveries	267	233
Net Charge- Offs	(2,254)	(2,112)
Provision for loan losses	1,060	2,082
Balance at End of Year	16,630	15,100
Residential Mortgages [Member]
Schedule Of Allowance For Loan Losses [Line Items]
Balance at Beginning of Year	5,836	5,155
Charge- Offs	(132)	(209)
Recoveries	4	29
Net Charge- Offs	(128)	(180)
Provision for loan losses	(401)	3
Balance at End of Year	5,307	4,978
Indirect Installment [Member]
Schedule Of Allowance For Loan Losses [Line Items]
Balance at Beginning of Year	6,409	5,449
Charge- Offs	(802)	(810)
Recoveries	217	193
Net Charge- Offs	(585)	(617)
Provision for loan losses	676	320
Balance at End of Year	6,500	5,152
Consumer Lines of Credit [Member]
Schedule Of Allowance For Loan Losses [Line Items]
Balance at Beginning of Year	7,231	6,057
Charge- Offs	(323)	(342)
Recoveries	55	87
Net Charge- Offs	(268)	(255)
Provision for loan losses	695	243
Balance at End of Year	7,658	6,045
Other [Member]
Schedule Of Allowance For Loan Losses [Line Items]
Balance at Beginning of Year	530
Charge- Offs	(262)	(177)
Recoveries	5
Net Charge- Offs	(257)	(177)
Provision for loan losses	306	860
Balance at End of Year	579	683
Purchased Credit-Impaired Loans [Member]
Schedule Of Allowance For Loan Losses [Line Items]
Balance at Beginning of Year	1,000	759
Charge- Offs	(249)	(156)
Recoveries
Net Charge- Offs	(249)	(156)
Provision for loan losses	(43)	(20)
Balance at End of Year	708	583
Other Acquired Loans [Member]
Schedule Of Allowance For Loan Losses [Line Items]
Balance at Beginning of Year	4,900	3,421
Charge- Offs	9	(213)
Recoveries	286	204
Net Charge- Offs	295	(9)
Provision for loan losses	(807)	1,203
Balance at End of Year	$ 4,388	$ 4,615

XML

Loans and Allowance for Loan Losses - Summary of Commercial Loans by Credit Quality (Detail) (USD $) In Thousands, unless otherwise specified	Mar. 31, 2014	Dec. 31, 2013
Originated Loans [Member]
Financing Receivable, Recorded Investment [Line Items]
Total commercial loans and leases	$ 4,686,978	$ 4,560,991
Originated Loans [Member] | Commercial Real Estate [Member]
Financing Receivable, Recorded Investment [Line Items]
Total commercial loans and leases	2,677,152	2,640,428
Originated Loans [Member] | Commercial and Industrial [Member]
Financing Receivable, Recorded Investment [Line Items]
Total commercial loans and leases	1,848,332	1,761,668
Originated Loans [Member] | Commercial Leases [Member]
Financing Receivable, Recorded Investment [Line Items]
Total commercial loans and leases	161,494	158,895
Acquired Loans [Member]
Financing Receivable, Recorded Investment [Line Items]
Total commercial loans and leases	904,179	724,587
Acquired Loans [Member] | Commercial Real Estate [Member]
Financing Receivable, Recorded Investment [Line Items]
Total commercial loans and leases	787,446	604,781
Acquired Loans [Member] | Commercial and Industrial [Member]
Financing Receivable, Recorded Investment [Line Items]
Total commercial loans and leases	116,733	119,806
Acquired Loans [Member] | Commercial Leases [Member]
Financing Receivable, Recorded Investment [Line Items]
Total commercial loans and leases
Pass [Member] | Originated Loans [Member]
Financing Receivable, Recorded Investment [Line Items]
Total commercial loans and leases	4,348,866	4,244,509
Pass [Member] | Originated Loans [Member] | Commercial Real Estate [Member]
Financing Receivable, Recorded Investment [Line Items]
Total commercial loans and leases	2,501,710	2,476,988
Pass [Member] | Originated Loans [Member] | Commercial and Industrial [Member]
Financing Receivable, Recorded Investment [Line Items]
Total commercial loans and leases	1,688,867	1,611,530
Pass [Member] | Originated Loans [Member] | Commercial Leases [Member]
Financing Receivable, Recorded Investment [Line Items]
Total commercial loans and leases	158,289	155,991
Pass [Member] | Acquired Loans [Member]
Financing Receivable, Recorded Investment [Line Items]
Total commercial loans and leases	674,575	543,347
Pass [Member] | Acquired Loans [Member] | Commercial Real Estate [Member]
Financing Receivable, Recorded Investment [Line Items]
Total commercial loans and leases	575,859	442,604
Pass [Member] | Acquired Loans [Member] | Commercial and Industrial [Member]
Financing Receivable, Recorded Investment [Line Items]
Total commercial loans and leases	98,716	100,743
Pass [Member] | Acquired Loans [Member] | Commercial Leases [Member]
Financing Receivable, Recorded Investment [Line Items]
Total commercial loans and leases
Special Mention [Member] | Originated Loans [Member]
Financing Receivable, Recorded Investment [Line Items]
Total commercial loans and leases	170,157	155,760
Special Mention [Member] | Originated Loans [Member] | Commercial Real Estate [Member]
Financing Receivable, Recorded Investment [Line Items]
Total commercial loans and leases	70,417	56,140
Special Mention [Member] | Originated Loans [Member] | Commercial and Industrial [Member]
Financing Receivable, Recorded Investment [Line Items]
Total commercial loans and leases	97,558	97,675
Special Mention [Member] | Originated Loans [Member] | Commercial Leases [Member]
Financing Receivable, Recorded Investment [Line Items]
Total commercial loans and leases	2,182	1,945
Special Mention [Member] | Acquired Loans [Member]
Financing Receivable, Recorded Investment [Line Items]
Total commercial loans and leases	98,726	80,497
Special Mention [Member] | Acquired Loans [Member] | Commercial Real Estate [Member]
Financing Receivable, Recorded Investment [Line Items]
Total commercial loans and leases	94,461	74,315
Special Mention [Member] | Acquired Loans [Member] | Commercial and Industrial [Member]
Financing Receivable, Recorded Investment [Line Items]
Total commercial loans and leases	4,265	6,182
Special Mention [Member] | Acquired Loans [Member] | Commercial Leases [Member]
Financing Receivable, Recorded Investment [Line Items]
Total commercial loans and leases
Substandard [Member] | Originated Loans [Member]
Financing Receivable, Recorded Investment [Line Items]
Total commercial loans and leases	166,503	159,880
Substandard [Member] | Originated Loans [Member] | Commercial Real Estate [Member]
Financing Receivable, Recorded Investment [Line Items]
Total commercial loans and leases	103,838	106,599
Substandard [Member] | Originated Loans [Member] | Commercial and Industrial [Member]
Financing Receivable, Recorded Investment [Line Items]
Total commercial loans and leases	61,642	52,322
Substandard [Member] | Originated Loans [Member] | Commercial Leases [Member]
Financing Receivable, Recorded Investment [Line Items]
Total commercial loans and leases	1,023	959
Substandard [Member] | Acquired Loans [Member]
Financing Receivable, Recorded Investment [Line Items]
Total commercial loans and leases	125,008	97,952
Substandard [Member] | Acquired Loans [Member] | Commercial Real Estate [Member]
Financing Receivable, Recorded Investment [Line Items]
Total commercial loans and leases	111,306	85,086
Substandard [Member] | Acquired Loans [Member] | Commercial and Industrial [Member]
Financing Receivable, Recorded Investment [Line Items]
Total commercial loans and leases	13,702	12,866
Substandard [Member] | Acquired Loans [Member] | Commercial Leases [Member]
Financing Receivable, Recorded Investment [Line Items]
Total commercial loans and leases
Doubtful [Member] | Originated Loans [Member]
Financing Receivable, Recorded Investment [Line Items]
Total commercial loans and leases	1,452	842
Doubtful [Member] | Originated Loans [Member] | Commercial Real Estate [Member]
Financing Receivable, Recorded Investment [Line Items]
Total commercial loans and leases	1,187	701
Doubtful [Member] | Originated Loans [Member] | Commercial and Industrial [Member]
Financing Receivable, Recorded Investment [Line Items]
Total commercial loans and leases	265	141
Doubtful [Member] | Originated Loans [Member] | Commercial Leases [Member]
Financing Receivable, Recorded Investment [Line Items]
Total commercial loans and leases
Doubtful [Member] | Acquired Loans [Member]
Financing Receivable, Recorded Investment [Line Items]
Total commercial loans and leases	5,870	2,791
Doubtful [Member] | Acquired Loans [Member] | Commercial Real Estate [Member]
Financing Receivable, Recorded Investment [Line Items]
Total commercial loans and leases	5,820	2,776
Doubtful [Member] | Acquired Loans [Member] | Commercial and Industrial [Member]
Financing Receivable, Recorded Investment [Line Items]
Total commercial loans and leases	50	15
Doubtful [Member] | Acquired Loans [Member] | Commercial Leases [Member]
Financing Receivable, Recorded Investment [Line Items]
Total commercial loans and leases

XML

Securities - Schedule of Amortized Cost and Fair Value of Securities Held to Maturity (Detail) (USD $) In Thousands, unless otherwise specified	Mar. 31, 2014	Dec. 31, 2013
Investment Securities Held To Maturity [Line Items]
Securities Held To Maturity, Amortized Cost	$ 1,420,446	$ 1,199,169
Securities Held To Maturity, Gross Unrealized Gains	16,595	15,484
Securities Held To Maturity, Gross Unrealized Losses	(18,047)	(25,090)
Securities Held To Maturity, Fair Value	1,418,994	1,189,563
U.S. Treasury [Member]
Investment Securities Held To Maturity [Line Items]
Securities Held To Maturity, Amortized Cost	502	503
Securities Held To Maturity, Gross Unrealized Gains	123	99
Securities Held To Maturity, Gross Unrealized Losses
Securities Held To Maturity, Fair Value	625	602
U.S. Government-Sponsored Entities [Member]
Investment Securities Held To Maturity [Line Items]
Securities Held To Maturity, Amortized Cost	101,787	43,322
Securities Held To Maturity, Gross Unrealized Gains	181	180
Securities Held To Maturity, Gross Unrealized Losses	(1,284)	(1,151)
Securities Held To Maturity, Fair Value	100,684	42,351
Agency Mortgage-Backed Securities [Member]
Investment Securities Held To Maturity [Line Items]
Securities Held To Maturity, Amortized Cost	725,154	628,681
Securities Held To Maturity, Gross Unrealized Gains	12,529	12,281
Securities Held To Maturity, Gross Unrealized Losses	(3,817)	(6,032)
Securities Held To Maturity, Fair Value	733,866	634,930
Agency Collateralized Mortgage Obligations [Member]
Investment Securities Held To Maturity [Line Items]
Securities Held To Maturity, Amortized Cost	452,909	385,408
Securities Held To Maturity, Gross Unrealized Gains	1,225	764
Securities Held To Maturity, Gross Unrealized Losses	(11,976)	(15,844)
Securities Held To Maturity, Fair Value	442,158	370,328
Non-Agency Collateralized Mortgage Obligations [Member]
Investment Securities Held To Maturity [Line Items]
Securities Held To Maturity, Amortized Cost	6,352	6,852
Securities Held To Maturity, Gross Unrealized Gains	24	44
Securities Held To Maturity, Gross Unrealized Losses		(4)
Securities Held To Maturity, Fair Value	6,376	6,892
Commercial Mortgage-Backed Securities [Member]
Investment Securities Held To Maturity [Line Items]
Securities Held To Maturity, Amortized Cost	2,236	2,241
Securities Held To Maturity, Gross Unrealized Gains	121	124
Securities Held To Maturity, Gross Unrealized Losses	(15)	(37)
Securities Held To Maturity, Fair Value	2,342	2,328
States of the U.S. and Political Subdivisions [Member]
Investment Securities Held To Maturity [Line Items]
Securities Held To Maturity, Amortized Cost	131,506	132,162
Securities Held To Maturity, Gross Unrealized Gains	2,392	1,992
Securities Held To Maturity, Gross Unrealized Losses	(955)	(2,022)
Securities Held To Maturity, Fair Value	$ 132,943	$ 132,132

XML

BASIS OF PRESENTATION

3 Months Ended

Mar. 31, 2014

Accounting Policies [Abstract]

BASIS OF PRESENTATION

BASIS OF PRESENTATION

The Corporation’s accompanying consolidated financial statements and these notes to the financial statements include subsidiaries in which the Corporation has a controlling financial interest. The Corporation owns and operates FNBPA, First National Trust Company, First National Investment Services Company, LLC, F.N.B. Investment Advisors, Inc., First National Insurance Agency, LLC, Regency, F.N.B. Capital Corporation, LLC and Bank Capital Services, LLC, and includes results for each of these entities in the accompanying consolidated financial statements.

The accompanying consolidated financial statements include all adjustments that are necessary, in the opinion of management, to fairly reflect the Corporation’s financial position and results of operations in accordance with U.S. generally accepted accounting principles (GAAP). All significant intercompany balances and transactions have been eliminated. Certain prior period amounts have been reclassified to conform to the current period presentation. Events occurring subsequent to the date of the balance sheet have been evaluated for potential recognition or disclosure in the consolidated financial statements through the date of the filing of the consolidated financial statements with the Securities and Exchange Commission (SEC).

Certain information and note disclosures normally included in consolidated financial statements prepared in accordance with GAAP have been condensed or omitted pursuant to the rules and regulations of the SEC. The interim operating results are not necessarily indicative of operating results the Corporation expects for the full year. These interim consolidated financial statements should be read in conjunction with the audited consolidated financial statements and notes thereto included in the Corporation’s Annual Report on Form 10-K filed with the SEC on February 28, 2014.

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Loans and Allowance for Loan Losses - Summary of Consumer Loans by Payment Status (Detail) (USD $) In Thousands, unless otherwise specified	Mar. 31, 2014	Dec. 31, 2013
Credit Quality [Line Items]
Loans, net of unearned income	$ 9,943,136	$ 9,506,094
Non-Performing [Member]
Credit Quality [Line Items]
Non-Performing Loans	79,423	77,453
Direct Installment [Member]
Credit Quality [Line Items]
Loans, net of unearned income	1,467,558	1,467,236
Direct Installment [Member] | Performing [Member]
Credit Quality [Line Items]
Performing Loans	1,374,893	1,377,418
Direct Installment [Member] | Non-Performing [Member]
Credit Quality [Line Items]
Non-Performing Loans	12,047	10,577
Residential Mortgages [Member]
Credit Quality [Line Items]
Loans, net of unearned income	1,135,790	1,086,739
Residential Mortgages [Member] | Performing [Member]
Credit Quality [Line Items]
Performing Loans	674,077	664,214
Residential Mortgages [Member] | Non-Performing [Member]
Credit Quality [Line Items]
Non-Performing Loans	13,961	14,013
Indirect Installment [Member]
Credit Quality [Line Items]
Loans, net of unearned income	678,918	655,587
Indirect Installment [Member] | Performing [Member]
Credit Quality [Line Items]
Performing Loans	672,948	648,499
Indirect Installment [Member] | Non-Performing [Member]
Credit Quality [Line Items]
Non-Performing Loans	1,399	1,202
Consumer Lines of Credit [Member] | Performing [Member]
Credit Quality [Line Items]
Performing Loans	847,961	832,071
Consumer Lines of Credit [Member] | Non-Performing [Member]
Credit Quality [Line Items]
Non-Performing Loans	922	597
Other [Member]
Credit Quality [Line Items]
Loans, net of unearned income	59,212	45,183
Other [Member] | Performing [Member]
Credit Quality [Line Items]
Performing Loans	59,212	45,183
Other [Member] | Non-Performing [Member]
Credit Quality [Line Items]
Non-Performing Loans
Originated Loans [Member]
Credit Quality [Line Items]
Loans, net of unearned income	8,344,398	8,154,765
Originated Loans [Member] | Direct Installment [Member]
Credit Quality [Line Items]
Loans, net of unearned income	1,386,940	1,387,995
Originated Loans [Member] | Residential Mortgages [Member]
Credit Quality [Line Items]
Loans, net of unearned income	688,038	678,227
Originated Loans [Member] | Indirect Installment [Member]
Credit Quality [Line Items]
Loans, net of unearned income	674,347	649,701
Originated Loans [Member] | Consumer Lines of Credit [Member]
Credit Quality [Line Items]
Loans, net of unearned income	848,883	832,668
Originated Loans [Member] | Other [Member]
Credit Quality [Line Items]
Loans, net of unearned income	$ 59,212	$ 45,183

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Business - Additional Information (Detail)	3 Months Ended
	Mar. 31, 2014 Office Location State
Organization Consolidation And Presentation Of Financial Statements [Abstract]
Number of states, Company operating financial services	6
Number of metropolitan areas, Company operating financial services	3
Number of consumer finance offices	72
Number of banking offices	283

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NEW ACCOUNTING STANDARDS (Policies)

3 Months Ended

Mar. 31, 2014

New Accounting Pronouncements and Changes in Accounting Principles [Abstract]

Troubled Debt Restructurings

Troubled Debt Restructurings

In January 2014, the Financial Accounting Standards Board (FASB) issued Accounting Standards Update (ASU) No. 2014-04, Reclassification of Residential Real Estate Collateralized Consumer Mortgage Loans upon Foreclosure, to clarify when an in-substance repossession or foreclosure occurs; that is, when a creditor should be considered to have received physical possession of residential real estate property collateralizing a consumer mortgage loan such that the loan should be derecognized and other real estate owned (OREO) recognized. This update requires a creditor to reclassify a collateralized consumer mortgage loan to OREO upon obtaining legal title to the real estate collateral, or the borrower voluntarily conveying all interest in the real estate property to the lender to satisfy the loan through a deed in lieu of foreclosure or similar legal agreement. The requirements of ASU 2014-04 are effective for reporting periods beginning after December 15, 2014. The adoption of this update will not have an impact on the financial statements, results of operations or liquidity of the Corporation since the Corporation already accounts for foreclosures according to the requirements of this update.

Investments in Qualified Affordable Housing Projects

Investments in Qualified Affordable Housing Projects

In January 2014, the FASB issued ASU No. 2014-01, Accounting for Investments in Qualified Affordable Housing Projects, to revise the accounting for investments in qualified affordable housing projects. This update modifies the conditions that must be met to present the pretax effects and related tax benefits of such investments as a component of income taxes (“net” within income tax expense). It is expected that the new guidance will enable more investors to use a “net” presentation for investments in qualified affordable housing projects. Investors that do not qualify for “net” presentation under the new guidance will continue to account for such investments under the equity method or cost method, which results in losses recognized in pretax income and tax benefits recognized in income taxes (“gross” presentation of investment results). For investments that qualify for the “net” presentation of investment performance, the guidance introduces a “proportional amortization method” that can be elected to amortize the investment basis. If elected, the method is required for all eligible investments in qualified affordable housing projects. The requirements of ASU 2014-01 are effective for reporting periods beginning after December 15, 2014, with early adoption permitted. The adoption of this update is not expected to have a material effect on the financial statements, results of operations or liquidity of the Corporation.

Income Taxes

Income Taxes

In July 2013, the FASB issued ASU No. 2013-11, Presentation of an Unrecognized Tax Benefit When a Net Operating Loss Carryforward, a Similar Tax Loss, or a Tax Credit Carryforward Exists, to provide guidance on the financial statement presentation of certain unrecognized tax benefits. An unrecognized tax benefit or a portion of an unrecognized tax benefit should be presented in the financial statements as a reduction to a deferred tax asset for a net operating loss carryforward, a similar tax loss or a tax credit carryforward with certain exceptions related to availability. The requirements of ASU 2013-11 are effective prospectively for reporting periods beginning after December 15, 2013, with early adoption permitted. The adoption of this update did not have a material effect on the financial statements, results of operations or liquidity of the Corporation.

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FAIR VALUE MEASUREMENTS

3 Months Ended

Mar. 31, 2014

Fair Value Disclosures [Abstract]

FAIR VALUE MEASUREMENTS

FAIR VALUE MEASUREMENTS

The Corporation uses fair value measurements to record fair value adjustments to certain financial assets and liabilities and to determine fair value disclosures. Securities available for sale and derivatives are recorded at fair value on a recurring basis. Additionally, from time to time, the Corporation may be required to record at fair value other assets on a non-recurring basis, such as mortgage loans held for sale, certain impaired loans, OREO and certain other assets.

Fair value is defined as an exit price, representing the price that would be received to sell an asset or paid to transfer a liability in an orderly transaction between market participants at the measurement date. Fair value measurements are not adjusted for transaction costs. Fair value is a market-based measure considered from the perspective of a market participant who holds the asset or owes the liability rather than an entity-specific measure.

In determining fair value, the Corporation uses various valuation approaches, including market, income and cost approaches. ASC 820, Fair Value Measurements and Disclosures, establishes a hierarchy for inputs used in measuring fair value that maximizes the use of observable inputs and minimizes the use of unobservable inputs by requiring that observable inputs be used when available. Observable inputs are inputs that market participants would use in pricing the asset or liability, which are developed based on market data obtained from sources independent of the Corporation. Unobservable inputs reflect the Corporation’s assumptions about the assumptions that market participants would use in pricing an asset or liability, which are developed based on the best information available in the circumstances.

The fair value hierarchy gives the highest priority to unadjusted quoted market prices in active markets for identical assets or liabilities (Level 1 measurement) and the lowest priority to unobservable inputs (Level 3 measurement). The fair value hierarchy is broken down into three levels based on the reliability of inputs as follows:

Measurement Category	Definition
Level 1	valuation is based upon unadjusted quoted market prices for identical instruments traded in active markets.
Level 2	valuation is based upon quoted market prices for similar instruments traded in active markets, quoted market prices for identical or similar instruments traded in markets that are not active and model-based valuation techniques for which all significant assumptions are observable in the market or can be corroborated by market data.
Level 3	valuation is derived from other valuation methodologies including discounted cash flow models and similar techniques that use significant assumptions not observable in the market. These unobservable assumptions reflect estimates of assumptions that market participants would use in determining fair value.

A financial instrument’s level within the fair value hierarchy is based on the lowest level of input that is significant to the fair value measurement.

Following is a description of the valuation methodologies the Corporation uses for financial instruments recorded at fair value on either a recurring or non-recurring basis:

Securities Available For Sale

Securities available for sale consists of both debt and equity securities. These securities are recorded at fair value on a recurring basis. At March 31, 2014, 99.8% of these securities used valuation methodologies involving market-based or market-derived information, collectively Level 1 and Level 2 measurements, to measure fair value. The remaining 0.2% of these securities were measured using model-based techniques, with primarily unobservable (Level 3) inputs.

The Corporation closely monitors market conditions involving assets that have become less actively traded. If the fair value measurement is based upon recent observable market activity of such assets or comparable assets (other than forced or distressed transactions) that occur in sufficient volume, and do not require significant adjustment using unobservable inputs, those assets are classified as Level 1 or Level 2; if not, they are classified as Level 3. Making this assessment requires significant judgment.

The Corporation uses prices from independent pricing services and, to a lesser extent, indicative (non-binding) quotes from independent brokers, to measure the fair value of investment securities. The Corporation validates prices received from pricing services or brokers using a variety of methods, including, but not limited to, comparison to secondary pricing services, corroboration of pricing by reference to other independent market data such as secondary broker quotes and relevant benchmark indices, and review of pricing by Corporate personnel familiar with market liquidity and other market-related conditions.

Derivative Financial Instruments

The Corporation determines its fair value for derivatives using widely accepted valuation techniques including discounted cash flow analysis on the expected cash flows of each derivative. This analysis reflects contractual terms of the derivative, including the period to maturity and uses observable market based inputs, including interest rate curves and implied volatilities.

The Corporation incorporates credit valuation adjustments to appropriately reflect both its own non-performance risk and the respective counterparty’s non-performance risk in the fair value measurements. In adjusting the fair value of its derivative contracts for the effect of non-performance risk, the Corporation considers the impact of netting and any applicable credit enhancements, such as collateral postings, thresholds, mutual puts and guarantees.

Although the Corporation has determined that the majority of the inputs used to value its derivatives fall within Level 2 of the fair value hierarchy, the credit valuation adjustments associated with its derivatives utilize Level 3 inputs, such as estimates of current credit spreads to evaluate the likelihood of default by itself and its counterparties. However, as of March 31, 2014, the Corporation has assessed the significance of the impact of the credit valuation adjustments on the overall valuation of its derivative positions and has determined that the credit valuation adjustments are not significant to the overall valuation of its derivatives. As a result, the Corporation has determined that its derivative valuations in their entirety are classified in Level 2 of the fair value hierarchy.

Residential Mortgage Loans Held For Sale

These loans are carried at the lower of cost or fair value. Under lower of cost or fair value accounting, periodically, it may be necessary to record non-recurring fair value adjustments. Fair value, when recorded, is based on independent quoted market prices and is classified as Level 2.

Impaired Loans

The Corporation reserves for commercial loan relationships greater than or equal to $500 that the Corporation considers impaired as defined in ASC 310 at the time the Corporation identifies the loan as impaired based upon the present value of expected future cash flows available to pay the loan, or based upon the fair value of the collateral less estimated selling costs where a loan is collateral dependent. Collateral may be real estate and/or business assets including equipment, inventory and accounts receivable.

The Corporation determines the value of real estate based on appraisals by licensed or certified appraisers. The value of business assets is generally based on amounts reported on the business’ financial statements. Management must rely on the financial statements prepared and certified by the borrower or its accountants in determining the value of these business assets on an ongoing basis which may be subject to significant change over time. Based on the quality of information or statements provided, management may require the use of business asset appraisals and site-inspections to better value these assets. The Corporation may discount appraised and reported values based on management’s historical knowledge, changes in market conditions from the time of valuation or management’s knowledge of the borrower and the borrower’s business. Since not all valuation inputs are observable, the Corporation classifies these non-recurring fair value determinations as Level 2 or Level 3 based on the lowest level of input that is significant to the fair value measurement.

The Corporation reviews and evaluates impaired loans no less frequently than quarterly for additional impairment based on the same factors identified above.

Other Real Estate Owned

OREO is comprised of commercial and residential real estate properties obtained in partial or total satisfaction of loan obligations plus some bank owned real estate. OREO acquired in settlement of indebtedness is recorded at the lower of carrying amount of the loan or fair value less costs to sell. Subsequently, these assets are carried at the lower of carrying value or fair value less costs to sell. Accordingly, it may be necessary to record non-recurring fair value adjustments. Fair value is generally based upon appraisals by licensed or certified appraisers and other market information and is classified as Level 2 or Level 3.

The following table presents the balances of assets and liabilities measured at fair value on a recurring basis:

	Level 1		Level 2		Level 3		Total
March 31, 2014
Assets measured at fair value
Available for sale debt securities:
U.S. government-sponsored entities	$	—	$	264,681	$	—	$	264,681
Residential mortgage-backed securities
Agency mortgage-backed securities		—		355,941		—		355,941
Agency collateralized mortgage obligations		—		609,752		—		609,752
Non-agency collateralized mortgage obligations		—		16		1,663		1,679
Commercial mortgage-backed securities		—		9,129		—		9,129
States of the U.S. and political subdivisions		—		14,505		—		14,505
Other debt securities		—		16,240		—		16,240
		—		1,270,264		1,663		1,271,927
Available for sale equity securities:
Financial services industry		558		1,106		414		2,078
Insurance services industry		65		—		—		65
		623		1,106		414		2,143
		623		1,271,370		2,077		1,274,070
Derivative financial instruments:
Trading		—		33,173		—		33,173
Not for trading		—		119		—		119
		—		33,292		—		33,292
	$	623	$	1,304,662	$	2,077	$	1,307,362
Liabilities measured at fair value
Derivative financial instruments:
Trading		—	$	33,105		—	$	33,105
Not for trading		—		7,060		—		7,060
		—	$	40,165		—	$	40,165

	Level 1		Level 2		Level 3		Total
December 31, 2013
Assets measured at fair value
Available for sale debt securities:
U.S. government-sponsored entities	$	—	$	330,985	$	—	$	330,985
Residential mortgage-backed securities
Agency mortgage-backed securities		—		250,881		—		250,881
Agency collateralized mortgage obligations		—		491,199		—		491,199
Non-agency collateralized mortgage obligations		—		18		1,744		1,762
States of the U.S. and political subdivisions		—		17,002		—		17,002
Collateralized debt obligations		—		—		31,595		31,595
Other debt securities		—		16,100		—		16,100
		—		1,106,185		33,339		1,139,524
Available for sale equity securities:
Financial services industry		584		1,067		410		2,061
Insurance services industry		65		—		—		65
		649		1,067		410		2,126
		649		1,107,252		33,749		1,141,650
Derivative financial instruments:
Trading		—		33,317		—		33,317
Not for trading		—		—		—		—
		—		33,317		—		33,317
	$	649	$	1,140,569	$	33,749	$	1,174,967
Liabilities measured at fair value
Derivative financial instruments:
Trading		—	$	33,236		—	$	33,236
Not for trading		—		10,133		—		10,133
		—	$	43,369		—	$	43,369

There were no transfers of assets or liabilities between the hierarchy levels for 2014. During 2013, the Corporation transferred out of Level 2 and Level 3 equity securities that now trade on NASDAQ. At December 31, 2013, the securities are classified as Level 1. Additionally during 2013, the Corporation transferred out of Level 3 and into Level 2 four single name TPS.

The following table presents additional information about assets measured at fair value on a recurring basis and for which the Corporation has utilized Level 3 inputs to determine fair value:

	Pooled Trust Preferred Collateralized Debt Obligations			Other Debt Securities			Equity Securities			Residential Non-Agency Collateralized Mortgage Obligations			Total
Three Months Ended March 31, 2014
Balance at beginning of period	$	31,595			—		$	410		$	1,744		$	33,749
Total gains (losses) – realized/unrealized:
Included in earnings		13,766			—			—			—			13,766
Included in other comprehensive income		5,608			—			4			4			5,616
Accretion included in earnings		657			—			—			1			658
Purchases, issuances, sales and settlements:
Purchases		—			—			—			—			—
Issuances		—			—			—			—			—
Sales/redemptions		(51,527	)		—			—			—			(51,527	)
Settlements		(99	)		—			—			(86	)		(185	)
Transfers from Level 3		—			—			—			—			—
Transfers into Level 3		—			—			—			—			—
Balance at end of period	$	—			—		$	414		$	1,663		$	2,077
Year Ended December 31, 2013
Balance at beginning of period	$	22,456		$	6,892		$	512		$	2,705		$	32,565
Total gains (losses) – realized/unrealized:
Included in earnings		—			78			—			—			78
Included in other comprehensive income		6,701			21			18			(35	)		6,705
Accretion included in earnings		3,160			4			—			12			3,176
Purchases, issuances, sales and settlements:
Purchases		—			—			—			—			—
Issuances		38			—			—			—			38
Sales/redemptions		—			(1,033	)		—			—			(1,033	)
Settlements		(760	)		—			—			(938	)		(1,698	)
Transfers from Level 3		—			(5,962	)		(120	)		—			(6,082	)
Transfers into Level 3		—			—			—			—			—
Balance at end of period	$	31,595		$	—		$	410		$	1,744		$	33,749

The Corporation reviews fair value hierarchy classifications on a quarterly basis. Changes in the observability of the valuation attributes may result in reclassification of certain financial assets or liabilities. Such reclassifications are reported as transfers in/out of Level 3 at fair value at the beginning of the period in which the changes occur. See the Securities footnote in the Notes to Consolidated Financial Statements section of this Report for information relating to significant unobservable inputs used in determining Level 3 fair values.

For the three months ended March 31, 2014 and 2013, there were no gains or losses included in earnings attributable to the change in unrealized gains or losses relating to assets still held as of those dates. The total gains included in earnings are in the net securities gains line item in the Consolidated Statements of Comprehensive Income.

In accordance with GAAP, from time to time, the Corporation measures certain assets at fair value on a non-recurring basis. These adjustments to fair value usually result from the application of the lower of cost or fair value accounting or write-downs of individual assets. Valuation methodologies used to measure these fair value adjustments were previously described. For assets measured at fair value on a non-recurring basis still held at the balance sheet date, the following table provides the hierarchy level and the fair value of the related assets or portfolios:

	Level 1		Level 2		Level 3		Total
March 31, 2014
Impaired loans		—	$	9,422	$	—	$	9,422
Other real estate owned		—		1,373		3,286		4,659
December 31, 2013
Impaired loans		—	$	3,235	$	59	$	3,294
Other real estate owned		—		4,485		14,957		19,442

Impaired loans measured or re-measured at fair value on a non-recurring basis during the three months ended March 31, 2014 had a carrying amount of $9,525 and an allocated allowance for loan losses of $1,268 at March 31, 2014. The allocated allowance is based on fair value of $9,422 less estimated costs to sell of $1,165. The allowance for loan losses includes a provision applicable to the current period fair value measurements of $622, which was included in the provision for loan losses for the three months ended March 31, 2014.

OREO with a carrying amount of $4,946 was written down to $4,099 (fair value of $4,659 less estimated costs to sell of $560), resulting in a loss of $847, which was included in earnings for the three months ended March 31, 2014.

Fair Value of Financial Instruments

The following methods and assumptions were used to estimate the fair value of each financial instrument:

Cash and Cash Equivalents, Accrued Interest Receivable and Accrued Interest Payable. For these short-term instruments, the carrying amount is a reasonable estimate of fair value.

Securities. For both securities available for sale and securities held to maturity, fair value equals the quoted market price from an active market, if available, and is classified within Level 1. If a quoted market price is not available, fair value is estimated using quoted market prices for similar securities or pricing models, and is classified as Level 2. Where there is limited market activity or significant valuation inputs are unobservable, securities are classified within Level 3. Under current market conditions, assumptions used to determine the fair value of Level 3 securities have greater subjectivity due to the lack of observable market transactions.

Loans. The fair value of fixed rate loans is estimated by discounting the future cash flows using the current rates at which similar loans would be made to borrowers with similar credit ratings and for the same remaining maturities less an illiquidity discount. The fair value of variable and adjustable rate loans approximates the carrying amount. Due to the significant judgment involved in evaluating credit quality, loans are classified within Level 3 of the fair value hierarchy.

Bank Owned Life Insurance. The Corporation owns general account, separate account and hybrid account bank owned life insurance (BOLI). The fair value of the general account BOLI is based on the insurance contract cash surrender value. The separate account BOLI has a stable value protection (SVP) component that mitigates the impact of market value fluctuations of the underlying account assets. The SVP component guarantees the book value, which is the insurance contract cash surrender value. The hybrid account BOLI also has a guaranteed book value, except it does not require a stable value protection component. Instead, the insurance carrier incurs the investment return risk, which is imbedded in their fee structure.

If the Corporation’s separate account and hybrid account BOLI book value exceeds the market value of the underlying securities, then the fair value of the separate account and hybrid account BOLI is the cash surrender value. If the Corporation’s separate account and hybrid account BOLI book value is less than the market value of the underlying securities, then the fair value of the separate account and hybrid account BOLI is the quoted market price of the underlying securities.

Derivative Assets and Liabilities. The Corporation determines its fair value for derivatives using widely accepted valuation techniques including discounted cash flow analysis on the expected cash flows of each derivative. This analysis reflects contractual terms of the derivative, including the period to maturity and uses observable market based inputs, including interest rate curves and implied volatilities.

The Corporation incorporates credit valuation adjustments to appropriately reflect both its own non-performance risk and the respective counterparty’s non-performance risk in the fair value measurements. In adjusting the fair value of its derivative contracts for the effect of non-performance risk, the Corporation considers the impact of netting and any applicable credit enhancements, such as collateral postings, thresholds, mutual puts and guarantees.

Although the Corporation has determined that the majority of the inputs used to value its derivatives fall within Level 2 of the fair value hierarchy, the credit valuation adjustments associated with its derivatives utilize Level 3 inputs, such as estimates of current credit spreads to evaluate the likelihood of default by itself and its counterparties. However, as of March 31, 2014, the Corporation has assessed the significance of the impact of the credit valuation adjustments on the overall valuation of its derivative positions and has determined that the credit valuation adjustments are not significant to the overall valuation of its derivatives. As a result, the Corporation has determined that its derivative valuations in their entirety are classified in Level 2 of the fair value hierarchy.

Deposits. The estimated fair value of demand deposits, savings accounts and certain money market deposits is the amount payable on demand at the reporting date because of the customers’ ability to withdraw funds immediately. The fair value of fixed-maturity deposits is estimated by discounting future cash flows using rates currently offered for deposits of similar remaining maturities.

Short-Term Borrowings. The carrying amounts for short-term borrowings approximate fair value for amounts that mature in 90 days or less. The fair value of subordinated notes is estimated by discounting future cash flows using rates currently offered.

Long-Term and Junior Subordinated Debt. The fair value of long-term and junior subordinated debt is estimated by discounting future cash flows based on the market prices for the same or similar issues or on the current rates offered to the Corporation for debt of the same remaining maturities.

Loan Commitments and Standby Letters of Credit. Estimates of the fair value of these off-balance sheet items were not made because of the short-term nature of these arrangements and the credit standing of the counterparties. Also, unfunded loan commitments relate principally to variable rate commercial loans, typically are non-binding, and fees are not normally assessed on these balances.

Nature of Estimates. Many of the estimates presented herein are based upon the use of highly subjective information and assumptions and, accordingly, the results may not be precise. Management believes that fair value estimates may not be comparable to other financial institutions due to the wide range of permitted valuation techniques and numerous estimates which must be made. Further, because the disclosed fair value amounts were estimated as of the balance sheet date, the amounts actually realized or paid upon maturity or settlement of the various financial instruments could be significantly different.

The fair values of the Corporation’s financial instruments are as follows:

	Carrying		Fair		Fair Value Measurements
	Amount		Value		Level 1		Level 2		Level 3
March 31, 2014
Financial Assets
Cash and cash equivalents	$	246,253	$	246,253	$	246,253	$	—	$	—
Securities available for sale		1,274,070		1,274,070		623		1,271,370		2,077
Securities held to maturity		1,420,446		1,418,994		—		1,412,618		6,376
Net loans, including loans held for sale		9,834,857		9,668,159		—		—		9,668,159
Bank owned life insurance		307,872		312,290		312,290		—		—
Derivative assets		33,292		33,292		—		33,292		—
Accrued interest receivable		37,199		37,199		37,199		—		—
Financial Liabilities
Deposits		10,938,736		10,948,821		8,161,249		2,787,572		—
Short-term borrowings		1,216,624		1,216,624		1,216,624		—		—
Long-term debt		235,752		238,381		—		—		238,381
Junior subordinated debt		68,517		69,465		—		—		69,465
Derivative liabilities		40,165		40,165		—		40,165		—
Accrued interest payable		6,539		6,539		6,539		—		—
December 31, 2013
Financial Assets
Cash and cash equivalents	$	213,981	$	213,981	$	213,981	$	—	$	—
Securities available for sale		1,141,650		1,141,650		649		1,107,252		33,749
Securities held to maturity		1,199,169		1,189,563		—		1,182,671		6,892
Net loans, including loans held for sale		9,402,448		9,243,780		—		—		9,243,780
Bank owned life insurance		289,402		292,694		292,694		—		—
Derivative assets		33,317		33,317		—		33,317		—
Accrued interest receivable		35,520		35,520		35,520		—		—
Financial Liabilities
Deposits		10,198,232		10,208,268		7,592,159		2,616,109		—
Short-term borrowings		1,241,239		1,241,239		1,241,239		—		—
Long-term debt		143,928		145,995		—		—		145,995
Junior subordinated debt		75,205		70,442		—		—		70,442
Derivative liabilities		43,369		43,369		—		43,369		—
Accrued interest payable		7,061		7,061		7,061		—		—

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Fair Value Measurements - Fair Values of Corporation's Financial Instruments (Detail) (USD $) In Thousands, unless otherwise specified	Mar. 31, 2014	Dec. 31, 2013	Mar. 31, 2013	Dec. 31, 2012
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Cash and cash equivalents, carrying amount	$ 246,253	$ 213,981	$ 161,596	$ 239,044
Securities available for sale, carrying amount	1,274,070	1,141,650
Securities held to maturity, carrying amount	1,420,446	1,199,169
Net loans, including loans held for sale, carrying amount	9,834,857	9,402,448
Bank owned life insurance, carrying amount	307,872	289,402
Derivative assets, carrying amount	33,292	33,317
Accrued interest receivable, carrying amount	37,199	35,520
Deposits, carrying amount	10,938,736	10,198,232
Short-term borrowings, carrying amount	1,216,624	1,241,239
Long-term debt, carrying amount	235,752	143,928
Junior subordinated debt, carrying amount	68,517	75,205
Derivative liabilities, carrying amount	40,165	43,369
Accrued interest payable, carrying amount	6,539	7,061
Cash and cash equivalents, fair value	246,253	213,981
Securities available for sale, fair value	1,274,070	1,141,650
Securities held to maturity, fair value	1,418,994	1,189,563
Net loans, including loans held for sale, fair value	9,668,159	9,243,780
Bank owned life insurance, fair value	312,290	292,694
Derivative assets, fair value	33,292	33,317
Accrued interest receivable, fair value	37,199	35,520
Deposits, fair value	10,948,821	10,208,268
Short-term borrowings, fair value	1,216,624	1,241,239
Long-term debt, fair value	238,381	145,995
Junior subordinated debt, fair value	69,465	70,442
Derivative liabilities, fair value	40,165	43,369
Accrued interest payable, fair value	6,539	7,061
Level 1 [Member]
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Cash and cash equivalents, fair value	246,253	213,981
Securities available for sale, fair value	623	649
Securities held to maturity, fair value
Net loans, including loans held for sale, fair value
Bank owned life insurance, fair value	312,290	292,694
Derivative assets, fair value
Accrued interest receivable, fair value	37,199	35,520
Deposits, fair value	8,161,249	7,592,159
Short-term borrowings, fair value	1,216,624	1,241,239
Long-term debt, fair value
Junior subordinated debt, fair value
Derivative liabilities, fair value
Accrued interest payable, fair value	6,539	7,061
Level 2 [Member]
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Cash and cash equivalents, fair value
Securities available for sale, fair value	1,271,370	1,107,252
Securities held to maturity, fair value	1,412,618	1,182,671
Net loans, including loans held for sale, fair value
Bank owned life insurance, fair value
Derivative assets, fair value	33,292	33,317
Accrued interest receivable, fair value
Deposits, fair value	2,787,572	2,616,109
Short-term borrowings, fair value
Long-term debt, fair value
Junior subordinated debt, fair value
Derivative liabilities, fair value	40,165	43,369
Accrued interest payable, fair value
Level 3 [Member]
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Cash and cash equivalents, fair value
Securities available for sale, fair value	2,077	33,749
Securities held to maturity, fair value	6,376	6,892
Net loans, including loans held for sale, fair value	9,668,159	9,243,780
Bank owned life insurance, fair value
Derivative assets, fair value
Accrued interest receivable, fair value
Deposits, fair value
Short-term borrowings, fair value
Long-term debt, fair value	238,381	145,995
Junior subordinated debt, fair value	69,465	70,442
Derivative liabilities, fair value
Accrued interest payable, fair value

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Loans and Allowance for Loan Losses - Carrying Amounts at Acquisition of All Purchased Loans (Impaired and Non-Impaired) Acquired (Detail) (Acquired Loans [Member], Annapolis Bancorp Inc. And PVF Capital Corp. [Member], USD $) In Thousands, unless otherwise specified	Dec. 31, 2013
Certain Loans Acquired in Transfer Not Accounted for as Debt Securities Acquired During Period [Line Items]
Contractually required cash flows at acquisition	$ 837,086
Non-accretable difference (expected losses and foregone interest)	(76,199)
Cash flows expected to be collected at acquisition	760,887
Accretable yield	(115,352)
Basis in acquired loans at acquisition	645,535
Impaired Loans [Member]
Certain Loans Acquired in Transfer Not Accounted for as Debt Securities Acquired During Period [Line Items]
Contractually required cash flows at acquisition	40,972
Non-accretable difference (expected losses and foregone interest)	(23,207)
Cash flows expected to be collected at acquisition	17,765
Accretable yield	(2,505)
Basis in acquired loans at acquisition	15,260
Performing Loans [Member]
Certain Loans Acquired in Transfer Not Accounted for as Debt Securities Acquired During Period [Line Items]
Contractually required cash flows at acquisition	796,114
Non-accretable difference (expected losses and foregone interest)	(52,992)
Cash flows expected to be collected at acquisition	743,122
Accretable yield	(112,847)
Basis in acquired loans at acquisition	$ 630,275

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Securities Offerings - Additional Information (Detail) (USD $) In Thousands, except Share data, unless otherwise specified	0 Months Ended		3 Months Ended
	Nov. 14, 2013	Nov. 01, 2013	Mar. 31, 2014	Mar. 31, 2013
Stockholders' Equity [Line Items]
Public offering, common stock		4,693,876
Common stock per share price		$ 12.25
Net proceeds from common stock offerings	$ 54,434		$ 3,755	$ (696)
Net proceeds from preferred stock offerings	$ 106,882
Series E [Member]
Stockholders' Equity [Line Items]
Public offering, depositary shares		4,000,000
Depositary shares, price per share		$ 25.00
Common Stock Over-Allotment Option [Member]
Stockholders' Equity [Line Items]
Public offering, common stock		612,244
Preferred Stock Over-Allotment Option [Member]
Stockholders' Equity [Line Items]
Public offering, depositary shares	435,080

XML

SECURITIES (Tables)

3 Months Ended

Mar. 31, 2014

Text Block [Abstract]

Schedule of Amortized Cost and Fair Value of Securities Available for Sale

The amortized cost and fair value of securities are as follows:

	Amortized Cost		Gross Unrealized Gains		Gross Unrealized Losses			Fair Value
Securities Available for Sale:
March 31, 2014
U.S. government-sponsored entities	$	268,330	$	50	$	(3,699	)	$	264,681
Residential mortgage-backed securities:
Agency mortgage-backed securities		352,209		4,637		(905	)		355,941
Agency collateralized mortgage obligations		622,060		1,335		(13,643	)		609,752
Non-agency collateralized mortgage obligations		1,661		18		—			1,679
Commercial mortgage-backed securities		9,153		—		(24	)		9,129
States of the U.S. and political subdivisions		14,216		438		(149	)		14,505
Other debt securities		16,532		569		(861	)		16,240
Total debt securities		1,284,161		7,047		(19,281	)		1,271,927
Equity securities		1,444		699		—			2,143
	$	1,285,605	$	7,746	$	(19,281	)	$	1,274,070
December 31, 2013
U.S. government-sponsored entities	$	336,763	$	126	$	(5,904	)	$	330,985
Residential mortgage-backed securities:
Agency mortgage-backed securities		247,880		4,304		(1,303	)		250,881
Agency collateralized mortgage obligations		511,098		895		(20,794	)		491,199
Non-agency collateralized mortgage obligations		1,747		15		—			1,762
States of the U.S. and political subdivisions		16,842		410		(250	)		17,002
Collateralized debt obligations		37,203		4,507		(10,115	)		31,595
Other debt securities		16,505		524		(929	)		16,100
Total debt securities		1,168,038		10,781		(39,295	)		1,139,524
Equity securities		1,444		682		—			2,126
	$	1,169,482	$	11,463	$	(39,295	)	$	1,141,650

Schedule of Amortized Cost and Fair Value of Securities Held to Maturity

	Amortized Cost		Gross Unrealized Gains		Gross Unrealized Losses			Fair Value
Securities Available for Sale:
March 31, 2014
U.S. government-sponsored entities	$	268,330	$	50	$	(3,699	)	$	264,681
Residential mortgage-backed securities:
Agency mortgage-backed securities		352,209		4,637		(905	)		355,941
Agency collateralized mortgage obligations		622,060		1,335		(13,643	)		609,752
Non-agency collateralized mortgage obligations		1,661		18		—			1,679
Commercial mortgage-backed securities		9,153		—		(24	)		9,129
States of the U.S. and political subdivisions		14,216		438		(149	)		14,505
Other debt securities		16,532		569		(861	)		16,240
Total debt securities		1,284,161		7,047		(19,281	)		1,271,927
Equity securities		1,444		699		—			2,143
	$	1,285,605	$	7,746	$	(19,281	)	$	1,274,070
December 31, 2013
U.S. government-sponsored entities	$	336,763	$	126	$	(5,904	)	$	330,985
Residential mortgage-backed securities:
Agency mortgage-backed securities		247,880		4,304		(1,303	)		250,881
Agency collateralized mortgage obligations		511,098		895		(20,794	)		491,199
Non-agency collateralized mortgage obligations		1,747		15		—			1,762
States of the U.S. and political subdivisions		16,842		410		(250	)		17,002
Collateralized debt obligations		37,203		4,507		(10,115	)		31,595
Other debt securities		16,505		524		(929	)		16,100
Total debt securities		1,168,038		10,781		(39,295	)		1,139,524
Equity securities		1,444		682		—			2,126
	$	1,169,482	$	11,463	$	(39,295	)	$	1,141,650
Securities Held to Maturity:
March 31, 2014
U.S. Treasury	$	502	$	123	$	—		$	625
U.S. government-sponsored entities		101,787		181		(1,284	)		100,684
Residential mortgage-backed securities:
Agency mortgage-backed securities		725,154		12,529		(3,817	)		733,866
Agency collateralized mortgage obligations		452,909		1,225		(11,976	)		442,158
Non-agency collateralized mortgage obligations		6,352		24		—			6,376
Commercial mortgage-backed securities		2,236		121		(15	)		2,342
States of the U.S. and political subdivisions		131,506		2,392		(955	)		132,943
	$	1,420,446	$	16,595	$	(18,047	)	$	1,418,994
December 31, 2013
U.S. Treasury	$	503	$	99	$	—		$	602
U.S. government-sponsored entities		43,322		180		(1,151	)		42,351
Residential mortgage-backed securities:
Agency mortgage-backed securities		628,681		12,281		(6,032	)		634,930
Agency collateralized mortgage obligations		385,408		764		(15,844	)		370,328
Non-agency collateralized mortgage obligations		6,852		44		(4	)		6,892
Commercial mortgage-backed securities		2,241		124		(37	)		2,328
States of the U.S. and political subdivisions		132,162		1,992		(2,022	)		132,132
	$	1,199,169	$	15,484	$	(25,090	)	$	1,189,563

Gross Gains and Gross Losses Realized on Sales of Securities

Gross gains and gross losses were realized on securities as follows:

	Three Months Ended
	March 31,
	2014			2013
Gross gains	$	18,009		$	1,032
Gross losses		(8,548	)		(348	)
	$	9,461		$	684

Amortized Cost and Fair Value of Securities, by Contractual Maturities

As of March 31, 2014, the amortized cost and fair value of securities, by contractual maturities, were as follows:

	Available for Sale				Held to Maturity
	Amortized Cost		Fair Value		Amortized Cost		Fair Value
Due in one year or less	$	—	$	—	$	2,716	$	2,766
Due from one to five years		209,466		207,689		77,526		76,567
Due from five to ten years		82,024		80,998		85,763		86,428
Due after ten years		7,588		6,739		67,790		68,491
		299,078		295,426		233,795		234,252
Residential mortgage-backed securities:
Agency mortgage-backed securities		352,209		355,941		725,154		733,866
Agency collateralized mortgage obligations		622,060		609,752		452,909		442,158
Non-agency collateralized mortgage obligations		1,661		1,679		6,352		6,376
Commercial mortgage-backed securities		9,153		9,129		2,236		2,342
Equity securities		1,444		2,143		—		—
	$	1,285,605	$	1,274,070	$	1,420,446	$	1,418,994

Summaries of Fair Values and Unrealized Losses of Securities, Segregated by Length of Impairment

Following are summaries of the fair values and unrealized losses of securities, segregated by length of impairment:

	Less than 12 Months							12 Months or More							Total
	#		Fair Value		Unrealized Losses			#		Fair Value		Unrealized Losses			#		Fair Value		Unrealized Losses
Securities Available for Sale:
March 31, 2014
U.S. government-sponsored entities		18	$	249,631	$	(3,699	)		—	$	—	$	—			18	$	249,631	$	(3,699	)
Residential mortgage-backed securities:
Agency mortgage-backed securities		11		177,722		(905	)		—		—		—			11		177,722		(905	)
Agency collateralized mortgage obligations		24		398,335		(9,937	)		4		68,266		(3,706	)		28		466,601		(13,643	)
Commercial mortgage-backed securities		1		9,129		(24	)		—		—		—			1		9,129		(24	)
States of the U.S. and political subdivisions		2		3,123		(149	)		—		—		—			2		3,123		(149	)
Other debt securities		—		—		—			4		6,020		(861	)		4		6,020		(861	)
		56	$	837,940	$	(14,714	)		8	$	74,286	$	(4,567	)		64	$	912,226	$	(19,281	)
December 31, 2013
U.S. government-sponsored entities		17	$	232,962	$	(5,904	)		—	$	—	$	—			17	$	232,962	$	(5,904	)
Residential mortgage-backed securities:
Agency mortgage-backed securities		9		108,284		(1,303	)		—		—		—			9		108,284		(1,303	)
Agency collateralized mortgage obligations		26		389,989		(18,644	)		2		34,229		(2,150	)		28		424,218		(20,794	)
States of the U.S. and political subdivisions		2		3,022		(250	)		—		—		—			2		3,022		(250	)
Collateralized debt obligations		—		—		—			8		7,965		(10,115	)		8		7,965		(10,115	)
Other debt securities		—		—		—			4		5,950		(929	)		4		5,950		(929	)
		54	$	734,257	$	(26,101	)		14	$	48,144	$	(13,194	)		68	$	782,401	$	(39,295	)
Securities Held to Maturity:
March 31, 2014
U.S. government-sponsored entities		7	$	73,748	$	(788	)		1	$	14,504	$	(496	)		8	$	88,252	$	(1,284	)
Residential mortgage-backed securities:
Agency mortgage-backed securities		23		347,721		(3,745	)		1		1,304		(72	)		24		349,025		(3,817	)
Agency collateralized mortgage obligations		20		249,082		(8,442	)		4		66,850		(3,534	)		24		315,932		(11,976	)
Commercial mortgage-backed securities		1		1,005		(15	)		—		—		—			1		1,005		(15	)
States of the U.S. and political subdivisions		21		27,262		(955	)		—		—		—			21		27,262		(955	)
		72	$	698,818	$	(13,945	)		6	$	82,658	$	(4,102	)		78	$	781,476	$	(18,047	)
December 31, 2013
U.S. government-sponsored entities		2	$	24,513	$	(530	)		1	$	14,378	$	(621	)		3	$	38,891	$	(1,151	)
Residential mortgage-backed securities:
Agency mortgage-backed securities		24		308,864		(5,942	)		1		1,296		(90	)		25		310,160		(6,032	)
Agency collateralized mortgage obligations		21		301,312		(15,844	)		—		—		—			21		301,312		(15,844	)
Non-agency collateralized mortgage obligations		3		2,010		(4	)		—		—		—			3		2,010		(4	)
Commercial mortgage-backed securities		1		984		(37	)		—		—		—			1		984		(37	)
States of the U.S. and political subdivisions		27		31,537		(2,022	)		—		—		—			27		31,537		(2,022	)
		78	$	669,220	$	(24,379	)		2	$	15,674	$	(711	)		80	$	684,894	$	(25,090	)

Summary of Cumulative Credit-Related OTTI Charges

The following table presents a summary of the cumulative credit-related OTTI charges recognized as components of earnings for securities for which a portion of an OTTI is recognized in other comprehensive income:

	Collateralized Debt Obligations			Residential Non-Agency CMOs			Equities		Total
For the Three Months Ended March 31, 2014
Beginning balance	$	17,155		$	—		$	27	$	17,182
Loss where impairment was not previously recognized		—			—			—		—
Additional loss where impairment was previously recognized		—			—			—		—
Reduction due to credit impaired securities sold		(17,155	)		—			—		(17,155	)
Ending balance	$	—		$	—		$	27	$	27
For the Three Months Ended March 31, 2013
Beginning balance	$	17,155		$	212			—	$	17,367
Loss where impairment was not previously recognized		—			—			—		—
Additional loss where impairment was previously recognized		—			—			—		—
Reduction due to credit impaired securities sold		—			(212	)		—		(212	)
Ending balance	$	17,155		$	—			—	$	17,155

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LOANS AND ALLOWANCE FOR LOAN LOSSES (Tables)

3 Months Ended

Mar. 31, 2014

Receivables [Abstract]

Summary of Loans, Net of Unearned Income

Following is a summary of loans, net of unearned income:

	Originated Loans		Acquired Loans		Total Loans
March 31, 2014
Commercial real estate	$	2,677,152	$	787,446	$	3,464,598
Commercial and industrial		1,848,332		116,733		1,965,065
Commercial leases		161,494		—		161,494
Total commercial loans and leases		4,686,978		904,179		5,591,157
Direct installment		1,386,940		80,618		1,467,558
Residential mortgages		688,038		447,752		1,135,790
Indirect installment		674,347		4,571		678,918
Consumer lines of credit		848,883		161,618		1,010,501
Other		59,212		—		59,212
	$	8,344,398		1,598,738	$	9,943,136
December 31, 2013
Commercial real estate	$	2,640,428	$	604,781	$	3,245,209
Commercial and industrial		1,761,668		119,806		1,881,474
Commercial leases		158,895		—		158,895
Total commercial loans and leases		4,560,991		724,587		5,285,578
Direct installment		1,387,995		79,241		1,467,236
Residential mortgages		678,227		408,512		1,086,739
Indirect installment		649,701		5,886		655,587
Consumer lines of credit		832,668		133,103		965,771
Other		45,183		—		45,183
	$	8,154,765	$	1,351,329	$	9,506,094

Carrying Amounts at Acquisition of All Purchased Loans (Impaired and Non-Impaired) Acquired

The following table reflects amounts at acquisition for all purchased loans subject to ASC 310-30 (impaired and non-impaired) acquired from PVF and ANNB in 2013. ASC 310-30 (impaired and non-impaired) loans acquired from BCSB in 2014 are not presented because their values are expected to be immaterial, are preliminary in nature and are subject to refinement as additional information becomes available.

	Acquired Impaired Loans			Acquired Performing Loans			Total
Acquired from PVF and ANNB in 2013
Contractually required cash flows at acquisition	$	40,972		$	796,114		$	837,086
Non-accretable difference (expected losses and foregone interest)		(23,207	)		(52,992	)		(76,199	)
Cash flows expected to be collected at acquisition		17,765			743,122			760,887
Accretable yield		(2,505	)		(112,847	)		(115,352	)
Basis in acquired loans at acquisition	$	15,260		$	630,275		$	645,535

Summary of Change in Accretable Yield of Acquired Loans

The following table provides a summary of change in accretable yield for all acquired loans, excluding loans from the BCSB acquisition.

	Acquired Impaired Loans			Acquired Performing Loans			Total
Three Months Ended March 31, 2014
Balance at beginning of period	$	7,456		$	298,190		$	305,646
Acquisitions		—			—			—
Reduction due to unexpected early payoffs		—			(12,694	)		(12,694	)
Reclass from non-accretable difference		332			436			768
Disposals/transfers		(759	)		(185	)		(944	)
Accretion		(1,264	)		(14,649	)		(15,913	)
Balance at end of period	$	5,765		$	271,098		$	276,863
Year Ended December 31, 2013
Balance at beginning of period	$	778		$	253,375		$	254,153
Acquisitions		2,505			112,847			115,352
Reduction due to unexpected early payoffs		—			(42,582	)		(42,582	)
Reclass from non-accretable difference		8,097			8,296			16,393
Disposals/transfers		(368	)		(224	)		(592	)
Accretion		(3,556	)		(33,522	)		(37,078	)
Balance at end of period	$	7,456		$	298,190		$	305,646

Summary of Information about Corporation's Purchased Credit-Impaired Loans

Following is information about PCI loans. The table below does not include impaired loans from the BCSB acquisition because their values are expected to be immaterial, are preliminary in nature and are subject to refinement as additional information becomes available.

	Outstanding Balance			Non-Accretable Difference			Expected Cash Flows			Accretable Yield			Recorded Investment
For the Three Months Ended March 31, 2014
Balance at beginning of period	$	56,500		$	(26,852	)	$	29,648		$	(7,456	)	$	22,192
Acquisitions		—			—			—			—			—
Accretion		—			—			—			1,264			1,264
Payments received		(8,040	)		437			(7,603	)		—			(7,603	)
Reclass from non-accretable difference		—			332			332			(332	)		—
Disposals/transfers		(2,520	)		1,129			(1,391	)		759			(632	)
Contractual interest		869			(869	)		—			—			—
Balance at end of period	$	46,809		$	(25,823	)	$	20,896		$	(5,765	)	$	15,221
For the Year Ended December 31, 2013
Balance at beginning of period	$	41,134		$	(23,733	)	$	17,401		$	(778	)	$	16,623
Acquisitions		42,031			(24,266	)		17,765			(2,505	)		15,260
Accretion		—			—			—			3,556			3,556
Payments received		(10,670	)		1,345			(9,325	)		—			(9,325	)
Reclass from non-accretable difference		—			8,097			8,097			(8,097	)		—
Disposals/transfers		(18,695	)		14,405			(4,290	)		368			(3,922	)
Contractual interest		2,700			(2,700	)		—			—			—
Balance at end of period	$	56,500		$	(26,852	)	$	29,648		$	(7,456	)	$	22,192

Summary of Non-Performing Assets

Following is a summary of non-performing assets:

	March 31, 2014			December 31, 2013
Non-accrual loans	$	60,039		$	58,755
Troubled debt restructurings		19,384			18,698
Total non-performing loans		79,423			77,453
Other real estate owned (OREO)		43,216			40,681
Total non-performing loans and OREO		122,639			118,134
Non-performing investments		—			797
Total non-performing assets	$	122,639		$	118,931
Asset quality ratios:
Non-performing loans as a percent of total loans		0.80	%		0.81	%
Non-performing loans + OREO as a percent of total loans + OREO		1.23	%		1.24	%
Non-performing assets as a percent of total assets		0.85	%		0.88	%

Age Analysis of Past Due Loans, by Class

The following tables provide an analysis of the aging of the Corporation’s past due loans by class, segregated by loans originated and loans acquired:

	30-89 Days Past Due		>90 Days Past Due and Still Accruing		Non- Accrual		Total Past Due		Current		Total Loans
Originated loans:
March 31, 2014
Commercial real estate	$	6,297	$	243	$	43,385	$	49,925	$	2,627,227	$	2,677,152
Commercial and industrial		2,564		8		4,194		6,766		1,841,566		1,848,332
Commercial leases		1,150		—		744		1,894		159,600		161,494
Total commercial loans and leases		10,011		251		48,323		58,585		4,628,393		4,686,978
Direct installment		7,893		2,876		6,405		17,174		1,369,766		1,386,940
Residential mortgages		8,591		1,406		3,521		13,518		674,520		688,038
Indirect installment		3,762		240		1,259		5,261		669,086		674,347
Consumer lines of credit		2,207		685		531		3,423		845,460		848,883
Other		26		9		—		35		59,177		59,212
	$	32,490	$	5,467	$	60,039	$	97,996	$	8,246,402	$	8,344,398
December 31, 2013
Commercial real estate	$	5,428	$	252	$	40,960	$	46,640	$	2,593,788	$	2,640,428
Commercial and industrial		2,066		8		6,643		8,717		1,752,951		1,761,668
Commercial leases		714		—		734		1,448		157,447		158,895
Total commercial loans and leases		8,208		260		48,337		56,805		4,504,186		4,560,991
Direct installment		9,038		3,753		4,686		17,477		1,370,518		1,387,995
Residential mortgages		12,681		2,401		4,260		19,342		658,885		678,227
Indirect installment		5,653		471		1,060		7,184		642,517		649,701
Consumer lines of credit		1,737		1,076		412		3,225		829,443		832,668
Other		25		10		—		35		45,148		45,183
	$	37,342	$	7,971	$	58,755	$	104,068	$	8,050,697	$	8,154,765

	30-89 Days Past Due		> 90 Days Past Due and Still Accruing		Non- Accrual		Total Past Due (1)		Current		Discount			Total Loans
Acquired Loans:
March 31, 2014
Commercial real estate	$	23,180	$	31,063		—	$	54,243	$	790,425	$	(57,222	)	$	787,446
Commercial and industrial		726		5,296		—		6,022		119,541		(8,830	)		116,733
Commercial leases		—		—		—		—		—		—			—
Total commercial loans and leases		23,906		36,359		—		60,265		909,966		(66,052	)		904,179
Direct installment		1,112		957		—		2,069		76,628		1,921			80,618
Residential mortgages		8,514		20,886		—		29,400		452,306		(33,954	)		447,752
Indirect installment		101		31		—		132		5,032		(593	)		4,571
Consumer lines of credit		1,035		3,396		—		4,431		164,660		(7,473	)		161,618
Other		—		—		—		—		—		—			—
	$	34,668	$	61,629		—	$	96,297	$	1,608,592	$	(106,151	)	$	1,598,738
December 31, 2013
Commercial real estate	$	13,637	$	20,668		—	$	34,305	$	619,197	$	(48,721	)	$	604,781
Commercial and industrial		1,860		1,899		—		3,759		124,415		(8,368	)		119,806
Commercial leases		—		—		—		—		—		—			—
Total commercial loans and leases		15,497		22,567		—		38,064		743,612		(57,089	)		724,587
Direct installment		1,447		1,178		—		2,625		74,917		1,699			79,241
Residential mortgages		11,464		19,298		—		30,762		412,704		(34,954	)		408,512
Indirect installment		205		31		—		236		6,267		(617	)		5,886
Consumer lines of credit		1,592		2,749		—		4,341		135,699		(6,937	)		133,103
Other		—		—		—		—		—		—			—
	$	30,205	$	45,823		—	$	76,028	$	1,373,199	$	(97,898	)	$	1,351,329

(1) Past due information for loans acquired is based on the contractual balance outstanding at March 31, 2014 and December 31, 2013.

Summary of Commercial Loans by Credit Quality

The following tables present a summary of the Corporation’s commercial loans by credit quality category, segregated by loans originated and loans acquired:

	Commercial Loan Credit Quality Categories
	Pass		Special Mention		Substandard		Doubtful		Total
Originated Loans:
March 31, 2014
Commercial real estate	$	2,501,710	$	70,417	$	103,838	$	1,187	$	2,677,152
Commercial and industrial		1,688,867		97,558		61,642		265		1,848,332
Commercial leases		158,289		2,182		1,023		—		161,494
	$	4,348,866	$	170,157	$	166,503	$	1,452	$	4,686,978
December 31, 2013
Commercial real estate	$	2,476,988	$	56,140	$	106,599	$	701	$	2,640,428
Commercial and industrial		1,611,530		97,675		52,322		141		1,761,668
Commercial leases		155,991		1,945		959		—		158,895
	$	4,244,509	$	155,760	$	159,880	$	842	$	4,560,991
Acquired Loans:
March 31, 2014
Commercial real estate	$	575,859	$	94,461	$	111,306	$	5,820	$	787,446
Commercial and industrial		98,716		4,265		13,702		50		116,733
Commercial leases		—		—		—		—		—
	$	674,575	$	98,726	$	125,008	$	5,870	$	904,179
December 31, 2013
Commercial real estate	$	442,604	$	74,315	$	85,086	$	2,776	$	604,781
Commercial and industrial		100,743		6,182		12,866		15		119,806
Commercial leases		—		—		—		—		—
	$	543,347	$	80,497	$	97,952	$	2,791	$	724,587

Summary of Consumer Loans by Payment Status

Following is a table showing originated consumer loans by payment status:

	Consumer Loan Credit Quality by Payment Status
	Performing		Non-Performing		Total
March 31, 2014
Direct installment	$	1,374,893	$	12,047	$	1,386,940
Residential mortgages		674,077		13,961		688,038
Indirect installment		672,948		1,399		674,347
Consumer lines of credit		847,961		922		848,883
Other		59,212		—		59,212
December 31, 2013
Direct installment	$	1,377,418	$	10,577	$	1,387,995
Residential mortgages		664,214		14,013		678,227
Indirect installment		648,499		1,202		649,701
Consumer lines of credit		832,071		597		832,668
Other		45,183		—		45,183

Summary of Impaired Loans, by Class

Following is a summary of information pertaining to originated loans considered to be impaired, by class of loans:

	Recorded Investment		Unpaid Principal Balance		Specific Related Allowance		Average Recorded Investment
At or For the Three Months Ended March 31, 2014
With no specific allowance recorded:
Commercial real estate	$	36,987	$	50,287	$	—	$	38,730
Commercial and industrial		4,972		6,613		—		6,136
Commercial leases		744		744		—		739
Total commercial loans and leases		42,703		57,644		—		45,605
Direct installment		12,047		12,150		—		11,312
Residential mortgages		13,961		14,507		—		88,787
Indirect installment		1,399		2,861		—		1,301
Consumer lines of credit		922		1,000		—		760
Other		—		—		—		—
With a specific allowance recorded:
Commercial real estate		9,344		19,951		1,087		6,474
Commercial and industrial		181		190		181		152
Commercial leases		—		—		—		—
Total commercial loans and leases		9,525		20,141		1,268		6,626
Direct installment		—		—		—		—
Residential mortgages		—		—		—		—
Indirect installment		—		—		—		—
Consumer lines of credit		—		—		—		—
Other		—		—		—		—
Total:
Commercial real estate		46,331		70,238		1,087		45,204
Commercial and industrial		5,153		6,803		181		6,288
Commercial leases		744		744		—		739
Total commercial loans and leases		52,228		77,785		1,268		52,231
Direct installment		12,047		12,150		—		11,312
Residential mortgages		13,961		14,507		—		88,787
Indirect installment		1,399		2,861		—		1,301
Consumer lines of credit		922		1,000		—		760
Other		—		—		—		—

	Recorded Investment		Unpaid Principal Balance		Specific Related Allowance		Average Recorded Investment
At or For the Year Ended December 31, 2013
With no specific allowance recorded:
Commercial real estate	$	40,472	$	62,034	$	—	$	37,376
Commercial and industrial		7,301		8,669		—		8,304
Commercial leases		734		734		—		758
Total commercial loans and leases		48,507		71,437		—		46,438
Direct installment		10,577		10,830		—		10,557
Residential mortgages		14,012		14,560		—		13,565
Indirect installment		1,202		2,633		—		1,127
Consumer lines of credit		597		668		—		573
Other		—		—		—		—
With a specific allowance recorded:
Commercial real estate		3,603		3,818		701		14,379
Commercial and industrial		122		130		123		126
Commercial leases		—		—		—		—
Total commercial loans and leases		3,725		3,948		824		14,505
Direct installment		—		—		—		—
Residential mortgages		—		—		—		—
Indirect installment		—		—		—		—
Consumer lines of credit		—		—		—		—
Other		—		—		—		—
Total:
Commercial real estate		44,075		65,852		701		51,755
Commercial and industrial		7,423		8,799		123		8,430
Commercial leases		734		734		—		758
Total commercial loans and leases		52,232		75,385		824		60,943
Direct installment		10,577		10,830		—		10,557
Residential mortgages		14,012		14,560		—		13,565
Indirect installment		1,202		2,633		—		1,127
Consumer lines of credit		597		668		—		573
Other		—		—		—		—

Summary of Composition of Total TDRs

Following is a summary of the composition of total TDRs:

	March 31, 2014		December 31, 2013
Accruing:
Performing	$	10,289	$	10,220
Non-performing		19,384		18,698
Non-accrual		12,389		12,705
	$	42,062	$	41,623

Summary of Troubled Debt Restructurings by Class of Loans

The majority of TDRs are the result of interest rate concessions for a limited period of time. Following is a summary of loans, by class, that have been restructured during the periods indicated:

	Three Months Ended March 31, 2014						Three Months Ended March 31, 2013
	Number of Contracts		Pre-Modification Outstanding Recorded Investment		Post- Modification Outstanding Recorded Investment		Number of Contracts		Pre-Modification Outstanding Recorded Investment		Post- Modification Outstanding Recorded Investment
Commercial real estate		1	$	188	$	188		5	$	1,029	$	905
Commercial and industrial		1		52		50		—		—		—
Commercial leases		—		—		—		—		—		—
Total commercial loans and leases		2		240		238		5		1,029		905
Direct installment		126		1,678		1,647		110		1,176		1,150
Residential mortgages		9		281		280		14		597		709
Indirect installment		7		17		16		10		56		56
Consumer lines of credit		7		255		255		9		173		172
Other		—		—		—		—		—		—
		151	$	2,471	$	2,436		148	$	3,031	$	2,992

Summary of Troubled Debt Restructurings by Class of Loans, Payment Default

Following is a summary of TDRs, by class of loans, for which there was a payment default, excluding loans that were either charged-off or cured by period end. Default occurs when a loan is 90 days or more past due and is within 12 months of restructuring.

	Three Months Ended March 31, 2014 (1)				Three Months Ended March 31, 2013 (1)
	Number of Contracts		Recorded Investment		Number of Contracts		Recorded Investment
Commercial real estate		—	$	—		—	$	—
Commercial and industrial		—		—		1		33
Commercial leases		—		—		—		—
Total commercial loans and leases		—		—		1		33
Direct installment		18		171		21		170
Residential mortgages		—		—		2		93
Indirect installment		1		—		4		18
Consumer lines of credit		—		—		—		—
Other		—		—		—		—
		19	$	171		28	$	314

(1) The recorded investment is as of period end.

Summary of Changes in Allowance for Loan Losses by Class

Following is a summary of changes in the allowance for loan losses, by loan class:

	Balance at Beginning of Period		Charge- Offs			Recoveries		Net Charge- Offs			Provision for Loan Losses			Balance at End of Period
Three Months Ended March 31, 2014
Commercial real estate	$	32,548	$	(2,223	)	$	299	$	(1,924	)	$	7,910		$	38,534
Commercial and industrial		32,603		(513	)		370		(143	)		(2,489	)		29,971
Commercial leases		1,903		(87	)		29		(58	)		99			1,944
Total commercial loans and leases		67,054		(2,823	)		698		(2,125	)		5,520			70,449
Direct installment		17,824		(2,521	)		267		(2,254	)		1,060			16,630
Residential mortgages		5,836		(132	)		4		(128	)		(401	)		5,307
Indirect installment		6,409		(802	)		217		(585	)		676			6,500
Consumer lines of credit		7,231		(323	)		55		(268	)		695			7,658
Other		530		(262	)		5		(257	)		306			579
Total allowance on originated loans		104,884		(6,863	)		1,246		(5,617	)		7,856			107,123
Purchased credit-impaired loans		1,000		(249	)		—		(249	)		(43	)		708
Other acquired loans		4,900		9			286		295			(807	)		4,388
Total allowance on acquired loans		5,900		(240	)		286		46			(850	)		5,096
Total allowance	$	110,784	$	(7,103	)	$	1,532	$	(5,571	)	$	7,006		$	112,219
Three Months Ended March 31, 2013
Commercial real estate	$	34,810	$	(2,287	)	$	1,427	$	(860	)	$	6,062		$	40,012
Commercial and industrial		31,849		(208	)		356		148			(3,159	)		28,838
Commercial leases		1,744		(57	)		62		5			(53	)		1,696
Total commercial loans and leases		68,403		(2,552	)		1,845		(707	)		2,850			70,546
Direct installment		15,130		(2,345	)		233		(2,112	)		2,082			15,100
Residential mortgages		5,155		(209	)		29		(180	)		3			4,978
Indirect installment		5,449		(810	)		193		(617	)		320			5,152
Consumer lines of credit		6,057		(342	)		87		(255	)		243			6,045
Other		—		(177	)		—		(177	)		860			683
Total allowance on originated loans		100,194		(6,435	)		2,387		(4,048	)		6,358			102,504
Purchased credit-impaired loans		759		(156	)		—		(156	)		(20	)		583
Other acquired loans		3,421		(213	)		204		(9	)		1,203			4,615
Total allowance on acquired loans		4,180		(369	)		204		(165	)		1,183			5,198
Total allowance	$	104,374	$	(6,804	)	$	2,591	$	(4,213	)	$	7,541		$	107,702

Summary of Individual and Collective Allowance for Loan Losses and Loan Balances by Class

Following is a summary of the individual and collective originated allowance for loan losses and corresponding loan balances by class:

	Allowance				Loans Outstanding
	Individually Evaluated for Impairment		Collectively Evaluated for Impairment		Loans		Individually Evaluated for Impairment		Collectively Evaluated for Impairment
March 31, 2014
Commercial real estate	$	1,087	$	37,446	$	2,677,152	$	34,062	$	2,643,090
Commercial and industrial		181		29,791		1,848,332		1,704		1,846,628
Commercial leases		—		1,945		161,494		—		161,494
Total commercial loans and leases		1,268		69,182		4,686,978		35,766		4,651,212
Direct installment		—		16,629		1,386,940		—		1,386,940
Residential mortgages		—		5,307		688,038		—		688,038
Indirect installment		—		6,500		674,347		—		674,347
Consumer lines of credit		—		7,658		848,883		—		848,883
Other		—		579		59,212		—		59,212
	$	1,268	$	105,855	$	8,344,398	$	35,766	$	8,308,632
December 31, 2013
Commercial real estate	$	701	$	31,847	$	2,640,428	$	30,133	$	2,610,295
Commercial and industrial		123		32,480		1,761,668		4,243		1,757,425
Commercial leases		—		1,903		158,895		—		158,895
Total commercial loans and leases		824		66,230		4,560,991		34,376		4,526,615
Direct installment		—		17,824		1,387,995		—		1,387,995
Residential mortgages		—		5,836		678,227		—		678,227
Indirect installment		—		6,409		649,701		—		649,701
Consumer lines of credit		—		7,231		832,668		—		832,668
Other		—		530		45,183		—		45,183
	$	824	$	104,060	$	8,154,765	$	34,376	$	8,120,389

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BUSINESS

3 Months Ended

Mar. 31, 2014

Accounting Policies [Abstract]

BUSINESS

BUSINESS

F.N.B. Corporation (the Corporation), headquartered in Hermitage, Pennsylvania, is a regional diversified financial services company operating in six states and three major metropolitan areas, including Pittsburgh, Pennsylvania, Baltimore, Maryland and Cleveland, Ohio. As of March 31, 2014, the Corporation had 283 banking offices throughout Pennsylvania, Ohio, Maryland and West Virginia. The Corporation provides a full range of commercial banking, consumer banking and wealth management solutions through its subsidiary network which is led by its largest affiliate, First National Bank of Pennsylvania (FNBPA). Commercial banking solutions include corporate banking, small business banking, investment real estate financing, business credit, capital markets and lease financing. Consumer banking products and services include deposit products, mortgage lending, consumer lending and a complete suite of mobile and online banking services. Wealth management services include asset management, private banking and insurance. The Corporation also operates Regency Finance Company (Regency), which had 72 consumer finance offices in Pennsylvania, Ohio, Kentucky and Tennessee as of March 31, 2014.

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BORROWINGS (Tables)

3 Months Ended

Mar. 31, 2014

Debt Disclosure [Abstract]

Summary of Short-Term Borrowings

Following is a summary of short-term borrowings:

	March 31, 2014		December 31, 2013
Securities sold under repurchase agreements	$	787,712	$	841,741
Federal funds purchased		300,000		270,000
Subordinated notes		128,912		129,498
	$	1,216,624	$	1,241,239

Summary of Long-Term Debt

Following is a summary of long-term debt:

	March 31, 2014		December 31, 2013
Federal Home Loan Bank advances	$	150,073	$	50,076
Subordinated notes		85,679		84,637
Other subordinated debt		—		8,637
Convertible debt		—		578
	$	235,752	$	143,928

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Stock Incentive Plans - Components of Restricted Stock Awards (Detail) (USD $) In Thousands, except Share data, unless otherwise specified	3 Months Ended
	Mar. 31, 2014	Dec. 31, 2013	Mar. 31, 2013	Dec. 31, 2012
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Unvested awards	1,051,257	1,729,033	1,486,034	1,913,073
Unrecognized compensation expense	$ 4,159
Intrinsic value	14,090
Weighted average remaining life (in years)	1 year 11 months 27 days
Service-Based Awards [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Unvested awards	262,189
Unrecognized compensation expense	1,390
Intrinsic value	3,516
Weighted average remaining life (in years)	1 year 10 months 28 days
Performance-Based Awards [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Unvested awards	789,068
Unrecognized compensation expense	2,769
Intrinsic value	$ 10,574
Weighted average remaining life (in years)	2 years 7 days

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CASH FLOW INFORMATION (Tables)

3 Months Ended

Mar. 31, 2014

Supplemental Cash Flow Elements [Abstract]

Summary of Cash Flow Information

Following is a summary of supplemental cash flow information:

Three Months Ended March 31	2014		2013
Interest paid on deposits and other borrowings	$	10,576	$	13,489
Income taxes paid		—		—
Transfers of loans to other real estate owned		4,849		3,271
Financing of other real estate owned sold		—		113

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Federal Home Loan Bank Stock - Additional Information (Detail) (USD $) In Thousands, unless otherwise specified	Mar. 31, 2014	Dec. 31, 2013
Statement Of Financial Position [Abstract]
Federal Home Loan Bank stock	$ 24,636	$ 23,636

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Junior Subordinated Debt - Additional Information (Detail) (USD $) In Thousands, unless otherwise specified	3 Months Ended	12 Months Ended
	Mar. 31, 2014 Trust	Dec. 31, 2013
Subordinated Borrowing [Line Items]
Number of unconsolidated subsidiary trusts	3
Percent of the common equity of each Trust owned by the Corporation	100.00%
Redemption of Corporation Issued TPS	$ 23,000	$ 130,000
BCSB Acquisition [Member]
Subordinated Borrowing [Line Items]
Junior subordinated debt assumed in acquisition	$ 6,500

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Consolidated Balance Sheets (USD $) In Thousands, unless otherwise specified	Mar. 31, 2014	Dec. 31, 2013
Assets
Cash and due from banks	$ 221,615	$ 197,534
Interest bearing deposits with banks	24,638	16,447
Cash and Cash Equivalents	246,253	213,981
Securities available for sale	1,274,070	1,141,650
Securities held to maturity (fair value of $1,418,994 and $1,189,563)	1,420,446	1,199,169
Residential mortgage loans held for sale	3,940	7,138
Loans, net of unearned income of $52,625 and $55,051	9,943,136	9,506,094
Allowance for loan losses	(112,219)	(110,784)
Net Loans	9,830,917	9,395,310
Premises and equipment, net	165,603	154,032
Goodwill	805,788	764,248
Core deposit and other intangible assets, net	51,024	47,608
Bank owned life insurance	307,872	289,402
Other assets	370,597	350,867
Total Assets	14,476,510	13,563,405
Liabilities
Non-interest bearing demand	2,353,444	2,200,081
Interest bearing demand	4,238,715	3,968,679
Savings	1,569,090	1,423,399
Certificates and other time deposits	2,777,487	2,606,073
Total Deposits	10,938,736	10,198,232
Other liabilities	131,894	130,418
Short-term borrowings	1,216,624	1,241,239
Long-term debt	235,752	143,928
Junior subordinated debt	68,517	75,205
Total Liabilities	12,591,523	11,789,022
Stockholders' Equity
Preferred stock - $0.01 par value Authorized - 20,000,000 shares Issued - 110,877 shares	106,882	106,882
Common stock - $0.01 par value Authorized - 500,000,000 shares Issued - 167,377,712 and 159,624,796 shares	1,671	1,592
Additional paid-in capital	1,697,177	1,608,117
Retained earnings	133,828	121,870
Accumulated other comprehensive loss	(44,041)	(56,924)
Treasury stock - 1,000,385 and 657,585 shares at cost	(10,530)	(7,154)
Total Stockholders' Equity	1,884,987	1,774,383
Total Liabilities and Stockholders' Equity	$ 14,476,510	$ 13,563,405

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Mergers and Acquisitions - Additional Information (Detail) (USD $) In Thousands, except Share data, unless otherwise specified				0 Months Ended
	Mar. 31, 2014	Dec. 31, 2013	Apr. 08, 2014 Subsequent Event [Member]	Oct. 12, 2013 PVF Capital Corp (PVF) [Member]	Feb. 15, 2014 BCSB Bancorp, Inc. (BCSB) [Member]	Apr. 06, 2013 Annapolis Bancorp, Inc. [Member]
Business Acquisition [Line Items]
Assets acquired as a result of merger			$ 390,000	$ 686,401	$ 596,795	$ 394,363
Value of acquisition			94,000
Exchange ratio			1.781
Loans acquired as a result of merger				512,566	308,389	256,199
Deposits acquired as a result of merger				627,046	532,197	349,370
Value of acquisition				109,856	80,554	56,300
Common shares issued				8,893,598	6,730,597	4,641,412
Common shares acquired				26,119,398	3,235,961	4,060,802
Goodwill recorded as a result of merger	805,788	764,248		52,085	42,292	35,854
Core deposit intangibles recorded as result of the acquisition				6,867	6,591	3,775
Contingent cash payment due to collection of loan						$ 609
Contingent cash payment due to collection of loan, per share						$ 0.15
Warrants converted to purchase common stock						342,564
Warrant expiration date						Jan. 30, 2019
Warrant exercise price						3.57

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Fair Value Measurements - Additional Information (Detail) (USD $) In Thousands, unless otherwise specified	3 Months Ended	12 Months Ended	3 Months Ended
	Mar. 31, 2014 Securities	Dec. 31, 2013 Securities	Mar. 31, 2014 Assets Still Held [Member]	Mar. 31, 2013 Assets Still Held [Member]
Fair Value Measurements Disclosure [Line Items]
Percentage of securities using market-based information	99.80%
Percentage of securities using model-based techniques	0.20%
Minimum corporation reserves for commercial loan	$ 500
Number of single-issuer trust preferred securities transferred between hierarchy levels	0	4
Change in unrealized gains or losses included in earnings relating to assets still held	13,766	78	0	0
Impaired loans, carrying amount	9,525
Allocated allowance for loan losses	1,268
Fair value of allocated allowance	9,422
Estimated costs to sell	1,165
Provision for fair value measurements included in allowance for loan losses	622
Carrying amount of OREO	4,946
Written down of OREO	4,099
Fair value of OREO	4,659	19,442
Estimated cost to sell OREO	560
Loss from OREO included in earnings	$ 847
Short-term borrowings approximate fair value for amounts that mature, days, less than	90 days

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Consolidated Statement of Stockholders' Equity (Unaudited) (Parenthetical) (USD $)	3 Months Ended
	Mar. 31, 2014	Mar. 31, 2013
Statement Of Stockholders Equity [Abstract]
Common stock dividends per share	$ 0.12	$ 0.12

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Business Segments - Additional Information (Detail)	3 Months Ended
	Mar. 31, 2014 Segment
Segment Reporting [Abstract]
Number of reportable segments	4

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Loans and Allowance for Loan Losses - Summary of Non-Performing Assets (Detail) (USD $) In Thousands, unless otherwise specified	Mar. 31, 2014	Dec. 31, 2013
Accounts, Notes, Loans and Financing Receivable [Line Items]
Troubled debt restructurings	$ 42,062	$ 41,623
Non-Performing [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Non-accrual loans	60,039	58,755
Troubled debt restructurings	19,384	18,698
Total non-performing loans	79,423	77,453
Other real estate owned (OREO)	43,216	40,681
Total non-performing loans and OREO	122,639	118,134
Non-performing investments		797
Total non-performing assets	$ 122,639	$ 118,931
Non-performing loans as a percent of total loans	0.80%	0.81%
Non-performing loans + OREO as a percent of total loans + OREO	1.23%	1.24%
Non-performing assets as a percent of total assets	0.85%	0.88%

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Fair Value Measurements - Additional Information about Assets Measured at Fair Value on Non-Recurring Basis (Detail) (USD $) In Thousands, unless otherwise specified	Mar. 31, 2014	Dec. 31, 2013
Fair Value Assets And Liabilities Measured On Nonrecurring Basis [Line Items]
Impaired loans	$ 9,422	$ 3,294
Other real estate owned	4,659	19,442
Level 1 [Member]
Fair Value Assets And Liabilities Measured On Nonrecurring Basis [Line Items]
Impaired loans
Other real estate owned
Level 2 [Member]
Fair Value Assets And Liabilities Measured On Nonrecurring Basis [Line Items]
Impaired loans	9,422	3,235
Other real estate owned	1,373	4,485
Level 3 [Member]
Fair Value Assets And Liabilities Measured On Nonrecurring Basis [Line Items]
Impaired loans		59
Other real estate owned	$ 3,286	$ 14,957

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COMMITMENTS, CREDIT RISK AND CONTINGENCIES (Tables)

3 Months Ended

Mar. 31, 2014

Commitments And Contingencies Disclosure [Abstract]

Summary of Off-Balance Sheet Credit Risk Information

Following is a summary of off-balance sheet credit risk information:

	March 31, 2014		December 31, 2013
Commitments to extend credit	$	3,103,359	$	2,897,748
Standby letters of credit		118,281		114,298

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Loans and Allowance for Loan Losses - Summary of Troubled Debt Restructurings by Class of Loans (Detail) (USD $) In Thousands, unless otherwise specified	3 Months Ended
	Mar. 31, 2014 Contract	Mar. 31, 2013 Contract
Financing Receivable, Modifications [Line Items]
Number of Contracts	151	148
Pre-Modification Outstanding Recorded Investment	$ 2,471	$ 3,031
Post-Modification Outstanding Recorded Investment	2,436	2,992
Commercial Real Estate [Member]
Financing Receivable, Modifications [Line Items]
Number of Contracts	1	5
Pre-Modification Outstanding Recorded Investment	188	1,029
Post-Modification Outstanding Recorded Investment	188	905
Commercial and Industrial [Member]
Financing Receivable, Modifications [Line Items]
Number of Contracts	1
Pre-Modification Outstanding Recorded Investment	52
Post-Modification Outstanding Recorded Investment	50
Total Commercial Loans and Leases [Member]
Financing Receivable, Modifications [Line Items]
Number of Contracts	2	5
Pre-Modification Outstanding Recorded Investment	240	1,029
Post-Modification Outstanding Recorded Investment	238	905
Direct Installment [Member]
Financing Receivable, Modifications [Line Items]
Number of Contracts	126	110
Pre-Modification Outstanding Recorded Investment	1,678	1,176
Post-Modification Outstanding Recorded Investment	1,647	1,150
Residential Mortgages [Member]
Financing Receivable, Modifications [Line Items]
Number of Contracts	9	14
Pre-Modification Outstanding Recorded Investment	281	597
Post-Modification Outstanding Recorded Investment	280	709
Indirect Installment [Member]
Financing Receivable, Modifications [Line Items]
Number of Contracts	7	10
Pre-Modification Outstanding Recorded Investment	17	56
Post-Modification Outstanding Recorded Investment	16	56
Consumer Lines of Credit [Member]
Financing Receivable, Modifications [Line Items]
Number of Contracts	7	9
Pre-Modification Outstanding Recorded Investment	255	173
Post-Modification Outstanding Recorded Investment	$ 255	$ 172

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RETIREMENT PLANS

3 Months Ended

Mar. 31, 2014

Compensation And Retirement Disclosure [Abstract]

RETIREMENT PLANS

RETIREMENT PLANS

The Corporation sponsors the Retirement Income Plan (RIP), a qualified noncontributory defined benefit pension plan that covered substantially all salaried employees hired prior to January 1, 2008. The RIP covers employees who satisfied minimum age and length of service requirements. During 2006, the Corporation amended the RIP such that effective January 1, 2007 benefits were earned based on the employee’s compensation each year. The Corporation’s funding guideline has been to make annual contributions to the RIP each year, if necessary, such that minimum funding requirements have been met. The Corporation amended the RIP on October 20, 2010 to be frozen effective December 31, 2010.

The Corporation also sponsors two supplemental non-qualified retirement plans. The ERISA Excess Retirement Plan provides retirement benefits equal to the difference, if any, between the maximum benefit allowable under the Internal Revenue Code and the amount that would be provided under the RIP, if no limits were applied. The Basic Retirement Plan (BRP) is applicable to certain officers whom the Board of Directors designates. Officers participating in the BRP receive a benefit based on a target benefit percentage based on years of service at retirement and a designated tier as determined by the Board of Directors. When a participant retires, the basic benefit under the BRP is a monthly benefit equal to the target benefit percentage times the participant’s highest average monthly cash compensation during five consecutive calendar years within the last ten calendar years of employment. This monthly benefit was reduced by the monthly benefit the participant receives from Social Security, the RIP, the ERISA Excess Retirement Plan and the annuity equivalent of the three percent automatic contributions to the qualified 401(k) defined contribution plan and the ERISA Excess Lost Match Plan. The BRP was frozen as of December 31, 2008. The ERISA Excess Retirement Plan was frozen as of December 31, 2010.

The net periodic benefit cost for the defined benefit plans includes the following components:

	Three Months Ended
	March 31,
	2014			2013
Service cost	$	16		$	18
Interest cost		1,596			1,427
Expected return on plan assets		(2,487	)		(2,270	)
Amortization:
Unrecognized net transition asset		(5	)		(23	)
Unrecognized prior service cost (credit)		2			2
Unrecognized loss		337			557
Net periodic pension cost	$	(541	)	$	(289	)

The Corporation’s subsidiaries participate in a qualified 401(k) defined contribution plan under which employees may contribute a percentage of their salary. Employees are eligible to participate upon their first day of employment. Under this plan, the Corporation matches 100% of the first four percent that the employee defers. Additionally, substantially all employees receive an automatic contribution of three percent of compensation at the end of the year and the Corporation may make an additional contribution of up to two percent depending on the Corporation achieving its performance goals for the plan year. The Corporation’s contribution expense was $2,570 and $2,335 for the three months ended March 31, 2014 and 2013, respectively.

The Corporation also sponsors an ERISA Excess Lost Match Plan for certain officers. This plan provides retirement benefits equal to the difference, if any, between the maximum benefit allowable under the Internal Revenue Code and the amount that would have been provided under the qualified 401(k) defined contribution plan, if no limits were applied.

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STOCK INCENTIVE PLANS (Tables)

3 Months Ended

Mar. 31, 2014

Disclosure Of Compensation Related Costs Sharebased Payments [Abstract]

Summary of Information Concerning Restricted Stock Awards

The following table summarizes certain information concerning restricted stock awards:

	Three Months Ended March 31,
	2014					2013
	Awards			Weighted Average Grant Price		Awards			Weighted Average Grant Price
Unvested awards outstanding at beginning of period		1,729,033		$	10.23		1,913,073		$	9.17
Granted		—			—		295,705			11.74
Net adjustment due to performance		(19,002	)		8.48		—			—
Vested		(667,956	)		9.01		(734,130	)		7.90
Forfeited		(430	)		10.69		(622	)		9.23
Dividend reinvestment		9,612			13.01		12,008			11.78
Unvested awards outstanding at end of period		1,051,257			11.06		1,486,034			10.34

Components of Restricted Stock Awards

The components of the restricted stock awards as of March 31, 2014 are as follows:

	Service- Based Awards		Performance- Based Awards		Total
Unvested awards		262,189		789,068		1,051,257
Unrecognized compensation expense	$	1,390	$	2,769	$	4,159
Intrinsic value	$	3,516	$	10,574	$	14,090
Weighted average remaining life (in years)		1.91		2.02		1.99

Summary of Information Concerning Stock Option Awards

The following table summarizes certain information concerning stock option awards:

	Three Months Ended March 31,
	2014					2013
	Shares			Weighted Average Exercise Price		Shares			Weighted Average Exercise Price
Options outstanding at beginning of period		533,524		$	11.50		640,050		$	13.21
Assumed from acquisition		304,785			5.77		—			—
Exercised		(87,332	)		6.05		—			—
Forfeited		(48,172	)		25.79		(263,589	)		14.92
Options outstanding and exercisable at end of period		702,805			8.71		376,461			12.01

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Fair Value Measurements - Additional Information about Assets Measured at Fair Value on Recurring Basis (Detail) (USD $) In Thousands, unless otherwise specified	3 Months Ended	12 Months Ended
	Mar. 31, 2014	Dec. 31, 2013
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation [Line Items]
Balance at beginning of period	$ 33,749	$ 32,565
Total gains (losses) - realized/unrealized, Included in earnings	13,766	78
Total gains (losses) - realized/unrealized, Included in other comprehensive income	5,616	6,705
Accretion included in earnings	658	3,176
Purchases
Issuances		38
Sales/redemptions	(51,527)	(1,033)
Settlements	(185)	(1,698)
Transfers from Level 3		(6,082)
Transfers into Level 3
Balance at end of period	2,077	33,749
Pooled Trust Preferred Collateralized Debt Obligations [Member]
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation [Line Items]
Balance at beginning of period	31,595	22,456
Total gains (losses) - realized/unrealized, Included in earnings	13,766
Total gains (losses) - realized/unrealized, Included in other comprehensive income	5,608	6,701
Accretion included in earnings	657	3,160
Purchases
Issuances		38
Sales/redemptions	(51,527)
Settlements	(99)	(760)
Transfers from Level 3
Transfers into Level 3
Balance at end of period		31,595
Other Debt Securities [Member]
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation [Line Items]
Balance at beginning of period		6,892
Total gains (losses) - realized/unrealized, Included in earnings		78
Total gains (losses) - realized/unrealized, Included in other comprehensive income		21
Accretion included in earnings		4
Purchases
Issuances
Sales/redemptions		(1,033)
Settlements
Transfers from Level 3		(5,962)
Transfers into Level 3
Balance at end of period
Equity Securities [Member]
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation [Line Items]
Balance at beginning of period	410	512
Total gains (losses) - realized/unrealized, Included in earnings
Total gains (losses) - realized/unrealized, Included in other comprehensive income	4	18
Accretion included in earnings
Purchases
Issuances
Sales/redemptions
Settlements
Transfers from Level 3		(120)
Transfers into Level 3
Balance at end of period	414	410
Residential Non-Agency Collateralized Mortgage Obligations [Member]
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation [Line Items]
Balance at beginning of period	1,744	2,705
Total gains (losses) - realized/unrealized, Included in earnings
Total gains (losses) - realized/unrealized, Included in other comprehensive income	4	(35)
Accretion included in earnings	1	12
Purchases
Issuances
Sales/redemptions
Settlements	(86)	(938)
Transfers from Level 3
Transfers into Level 3
Balance at end of period	$ 1,663	$ 1,744

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COMPREHENSIVE INCOME

3 Months Ended

Mar. 31, 2014

Equity [Abstract]

COMPREHENSIVE INCOME

COMPREHENSIVE INCOME

The components of comprehensive income, net of related tax, are as follows:

	Three Months Ended
	March 31,
	2014			2013
Net income	$	34,524		$	28,538
Other comprehensive income (loss):
Securities available for sale:
Unrealized gains (losses) arising during the period, net of tax expense (benefit) of $5,681 and $(99)		10,550			(184	)
Reversal of non-credit related losses on debt securities not expected to be sold, net of tax expense of $3,335		6,192			—
Reclassification adjustment for gains included in net income, net of tax expense of $3,311 and $239		(6,150	)		(445	)
Derivative instruments:
Unrealized gains (losses) arising during the period, net of tax expense (benefit) of $1,117 and $(373)		2,074			(694	)
Pension and postretirement benefit obligations:
Unrealized gains arising during the period, net of tax expense of $117 and $188		217			349
Other comprehensive income (loss)		12,883			(974	)
Comprehensive income	$	47,407		$	27,564

The following table presents changes in accumulated other comprehensive income, net of tax, by component:

	Unrealized Net Gains (Losses) on Securities Available for Sale			Non-Credit Related Loss on Debt Securities not Expected  to be Sold			Unrealized Losses on Derivative Instruments			Unrecognized Pension and Postretirement Obligations			Total
Three Months Ended March 31, 2014
Balance at beginning of period	$	(11,874	)	$	(6,192	)	$	(6,586	)	$	(32,272	)	$	(56,924	)
Other comprehensive income (loss) before reclassifications		10,550			6,192			2,074			217			19,033
Amounts reclassified from accumulated other comprehensive income		(6,150	)		—			—			—			(6,150	)
Net current period other comprehensive income (loss)		4,400			6,192			2,074			217			12,883
Balance at end of period	$	(7,474	)	$	—		$	(4,512	)	$	(32,055	)	$	(44,041	)

The following table presents a summary of the reclassifications out of accumulated other comprehensive income:

Three Months Ended March 31, 2014

Details About Accumulated Other Comprehensive Income Component	Amount Reclassified from Other Comprehensive Income			Affected Line Item in the Statement where Net Income is Presented
Unrealized net gains on securities available for sale (1)	$	(9,461	)	Net securities gains
		(3,311	)	Tax expense
	$	(6,150	)

(1) For additional detail related to unrealized net gains on securities available for sale and related amounts reclassified from accumulated other comprehensive income see the “Securities” note in this Report.

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Loans and Allowance for Loan Losses - Summary of Individual and Collective Allowance for Loan Losses and Loan Balances by Class (Detail) (USD $) In Thousands, unless otherwise specified	Mar. 31, 2014	Dec. 31, 2013
Valuation Allowance [Line Items]
Allowance, Individually Evaluated for Impairment	$ 1,268	$ 824
Allowance, Collectively Evaluated for Impairment	105,855	104,060
Loans	9,943,136	9,506,094
Loans Outstanding, Individually Evaluated for Impairment	35,766	34,376
Loans Outstanding, Collectively Evaluated for Impairment	8,308,632	8,120,389
Commercial Real Estate [Member]
Valuation Allowance [Line Items]
Allowance, Individually Evaluated for Impairment	1,087	701
Allowance, Collectively Evaluated for Impairment	37,446	31,847
Loans	3,464,598	3,245,209
Loans Outstanding, Individually Evaluated for Impairment	34,062	30,133
Loans Outstanding, Collectively Evaluated for Impairment	2,643,090	2,610,295
Commercial and Industrial [Member]
Valuation Allowance [Line Items]
Allowance, Individually Evaluated for Impairment	181	123
Allowance, Collectively Evaluated for Impairment	29,791	32,480
Loans	1,965,065	1,881,474
Loans Outstanding, Individually Evaluated for Impairment	1,704	4,243
Loans Outstanding, Collectively Evaluated for Impairment	1,846,628	1,757,425
Commercial Leases [Member]
Valuation Allowance [Line Items]
Allowance, Individually Evaluated for Impairment
Allowance, Collectively Evaluated for Impairment	1,945	1,903
Loans	161,494	158,895
Loans Outstanding, Collectively Evaluated for Impairment	161,494	158,895
Total Commercial Loans and Leases [Member]
Valuation Allowance [Line Items]
Allowance, Individually Evaluated for Impairment	1,268	824
Allowance, Collectively Evaluated for Impairment	69,182	66,230
Loans	5,591,157	5,285,578
Loans Outstanding, Individually Evaluated for Impairment	35,766	34,376
Loans Outstanding, Collectively Evaluated for Impairment	4,651,212	4,526,615
Direct Installment [Member]
Valuation Allowance [Line Items]
Allowance, Collectively Evaluated for Impairment	16,629	17,824
Loans	1,467,558	1,467,236
Loans Outstanding, Collectively Evaluated for Impairment	1,386,940	1,387,995
Residential Mortgages [Member]
Valuation Allowance [Line Items]
Allowance, Collectively Evaluated for Impairment	5,307	5,836
Loans	1,135,790	1,086,739
Loans Outstanding, Collectively Evaluated for Impairment	688,038	678,227
Indirect Installment [Member]
Valuation Allowance [Line Items]
Allowance, Collectively Evaluated for Impairment	6,500	6,409
Loans	678,918	655,587
Loans Outstanding, Collectively Evaluated for Impairment	674,347	649,701
Consumer Lines of Credit [Member]
Valuation Allowance [Line Items]
Allowance, Collectively Evaluated for Impairment	7,658	7,231
Loans	1,010,501	965,771
Loans Outstanding, Collectively Evaluated for Impairment	848,883	832,668
Other [Member]
Valuation Allowance [Line Items]
Allowance, Collectively Evaluated for Impairment	579	530
Loans	59,212	45,183
Loans Outstanding, Collectively Evaluated for Impairment	59,212	45,183
Originated Loans [Member]
Valuation Allowance [Line Items]
Loans	8,344,398	8,154,765
Originated Loans [Member] | Commercial Real Estate [Member]
Valuation Allowance [Line Items]
Loans	2,677,152	2,640,428
Originated Loans [Member] | Commercial and Industrial [Member]
Valuation Allowance [Line Items]
Loans	1,848,332	1,761,668
Originated Loans [Member] | Commercial Leases [Member]
Valuation Allowance [Line Items]
Loans	161,494	158,895
Originated Loans [Member] | Total Commercial Loans and Leases [Member]
Valuation Allowance [Line Items]
Loans	4,686,978	4,560,991
Originated Loans [Member] | Direct Installment [Member]
Valuation Allowance [Line Items]
Loans	1,386,940	1,387,995
Originated Loans [Member] | Residential Mortgages [Member]
Valuation Allowance [Line Items]
Loans	688,038	678,227
Originated Loans [Member] | Indirect Installment [Member]
Valuation Allowance [Line Items]
Loans	674,347	649,701
Originated Loans [Member] | Consumer Lines of Credit [Member]
Valuation Allowance [Line Items]
Loans	848,883	832,668
Originated Loans [Member] | Other [Member]
Valuation Allowance [Line Items]
Loans	$ 59,212	$ 45,183

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Consolidated Statements of Cash Flows (Unaudited) (USD $) In Thousands, unless otherwise specified	3 Months Ended
	Mar. 31, 2014	Mar. 31, 2013
Operating Activities
Net income	$ 34,524	$ 28,538
Adjustments to reconcile net income to net cash flows provided by operating activities:
Depreciation, amortization and accretion	8,339	8,181
Provision for loan losses	7,006	7,541
Deferred tax expenses	(2,154)	6,057
Net securities gains	(9,461)	(684)
Tax benefit of stock-based compensation	(1,224)	(1,247)
Loans originated for sale	(18,245)	(65,340)
Loans sold	22,635	68,241
Gain on sale of loans	(1,193)	(1,021)
Net change in:
Interest receivable	(123)	(1,971)
Interest payable	(750)	(1,467)
Trading securities	203,178
Bank owned life insurance	(1,513)	(1,675)
Other, net	3,096	(18,176)
Net cash flows provided by operating activities	244,115	26,977
Investing Activities
Net change in loans	(140,938)	(80,520)
Securities available for sale:
Purchases	(318,332)	(92,521)
Sales	85,877	21,919
Maturities	130,641	77,002
Securities held to maturity:
Purchases	(266,486)	(113,176)
Sales		17,429
Maturities	44,159	90,826
Purchase of bank owned life insurance	(4,433)	(5,000)
Withdrawal/surrender of bank owned life insurance	716
(Increase) decrease in premises and equipment	(6,042)	1,783
Net cash received in business combinations	26,964
Net cash flows used in investing activities	(447,874)	(82,258)
Financing Activities
Demand (non-interest bearing and interest bearing) and savings accounts	253,935	220,825
Time deposits	(44,043)	(90,793)
Short-term borrowings	(24,615)	(138,137)
Increase in long-term debt	108,079	13,331
Decrease in long-term debt	(16,254)	(11,017)
Decrease in junior subordinated debt	(23,712)
Net proceeds from issuance of common stock	3,755	(696)
Tax benefit of stock-based compensation	1,224	1,247
Cash dividends paid:
Preferred stock	(2,322)
Common stock	(20,016)	(16,927)
Net cash flows provided by (used in) financing activities	236,031	(22,167)
Net Decrease (Increase) in Cash and Cash Equivalents	32,272	(77,448)
Cash and cash equivalents at beginning of period	213,981	239,044
Cash and Cash Equivalents at End of Period	$ 246,253	$ 161,596

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Consolidated Balance Sheets (Parenthetical) (USD $) In Thousands, except Share data, unless otherwise specified	Mar. 31, 2014	Dec. 31, 2013
Statement Of Financial Position [Abstract]
Securities held to maturity, fair value	$ 1,418,994	$ 1,189,563
Unearned income on loans	$ 52,625	$ 55,051
Preferred stock, par value	$ 0.01	$ 0.01
Preferred stock, shares authorized	20,000,000	20,000,000
Preferred stock, shares issued	110,877	110,877
Common stock, par value	$ 0.01	$ 0.01
Common stock, shares authorized	500,000,000	500,000,000
Common stock, shares issued	167,377,712	159,624,796
Treasury stock, shares	1,000,385	657,585

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BORROWINGS

3 Months Ended

Mar. 31, 2014

Debt Disclosure [Abstract]

BORROWINGS

BORROWINGS

Following is a summary of short-term borrowings:

	March 31, 2014		December 31, 2013
Securities sold under repurchase agreements	$	787,712	$	841,741
Federal funds purchased		300,000		270,000
Subordinated notes		128,912		129,498
	$	1,216,624	$	1,241,239

Securities sold under repurchase agreements is comprised of customer repurchase agreements, which are sweep accounts with next day maturities utilized by larger commercial customers to earn interest on their funds. Securities are pledged to these customers in an amount equal to the outstanding balance.

Following is a summary of long-term debt:

	March 31, 2014		December 31, 2013
Federal Home Loan Bank advances	$	150,073	$	50,076
Subordinated notes		85,679		84,637
Other subordinated debt		—		8,637
Convertible debt		—		578
	$	235,752	$	143,928

The Corporation’s banking affiliate has available credit with the FHLB of $3,574,396 of which $150,073 was used as of March 31, 2014. These advances are secured by loans collateralized by 1-4 family mortgages and FHLB stock and are scheduled to mature in various amounts periodically through the year 2019. Effective interest rates paid on these advances ranged from 0.95% to 4.19% for the three months ended March 31, 2014 and 1.06% to 4.19% for the year ended December 31, 2013.

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Cash Flow Information - Summary of Cash Flow Information (Detail) (USD $) In Thousands, unless otherwise specified	3 Months Ended
	Mar. 31, 2014	Mar. 31, 2013
Statement Of Cash Flows [Abstract]
Interest paid on deposits and other borrowings	$ 10,576	$ 13,489
Income taxes paid
Transfers of loans to other real estate owned	4,849	3,271
Financing of other real estate owned sold		$ 113

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Earnings Per Common Share - Computation of Basic and Diluted Earnings Per Common Share (Detail) (USD $) In Thousands, except Share data, unless otherwise specified	3 Months Ended
	Mar. 31, 2014	Mar. 31, 2013
Earnings Per Share [Abstract]
Net income	$ 34,524	$ 28,538
Preferred stock dividends	2,322
Net income available to common stockholders	$ 32,202	$ 28,538
Basic weighted average common shares outstanding	162,186,395	139,650,495
Net effect of dilutive stock options, warrants, restricted stock and convertible debt	1,780,851	1,415,695
Diluted weighted average common shares outstanding	163,967,246	141,066,190
Basic	$ 0.20	$ 0.20
Diluted	$ 0.20	$ 0.20

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Document and Entity Information	3 Months Ended
	Mar. 31, 2014	Apr. 30, 2014
Document And Entity Information [Abstract]
Document Type	10-Q
Amendment Flag	false
Document Period End Date	Mar. 31, 2014
Document Fiscal Year Focus	2014
Document Fiscal Period Focus	Q1
Trading Symbol	FNB
Entity Registrant Name	FNB CORP/FL/
Entity Central Index Key	0000037808
Current Fiscal Year End Date	--12-31
Entity Filer Category	Large Accelerated Filer
Entity Common Stock, Shares Outstanding		166,426,974

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JUNIOR SUBORDINATED DEBT

3 Months Ended

Mar. 31, 2014

Text Block [Abstract]

JUNIOR SUBORDINATED DEBT

JUNIOR SUBORDINATED DEBT

The Corporation has three unconsolidated subsidiary trusts as of March 31, 2014 (collectively, the Trusts): F.N.B. Statutory Trust II, Omega Financial Capital Trust I and BCSB Capital Trust II. One hundred percent of the common equity of each Trust is owned by the Corporation. The Trusts were formed for the purpose of issuing Corporation-obligated mandatorily redeemable capital securities (TPS) to third-party investors. The proceeds from the sale of TPS and the issuance of common equity by the Trusts were invested in junior subordinated debt securities (subordinated debt) issued by the Corporation, which are the sole assets of each Trust. Since third-party investors are the primary beneficiaries, the Trusts are not consolidated in the Corporation’s financial statements. The Trusts pay dividends on the TPS at the same rate as the distributions paid by the Corporation on the junior subordinated debt held by the Trusts. Omega Financial Capital Trust I and BCSB Capital Trust II were assumed as a result of acquisitions.

Distributions on the subordinated debt issued to the Trusts are recorded as interest expense by the Corporation. The TPS are subject to mandatory redemption, in whole or in part, upon repayment of the subordinated debt. The TPS are eligible for redemption, at any time, at the Corporation’s discretion. The subordinated debt, net of the Corporation’s investment in the Trusts, qualifies as tier 1 capital under the Board of Governors of the Federal Reserve System (FRB) guidelines. Under recently issued capital guidelines, these TPS obligations are subject to limitations when total assets of the Corporation exceed $15,000,000. The Corporation has entered into agreements which, when taken collectively, fully and unconditionally guarantee the obligations under the TPS subject to the terms of each of the guarantees.

During the first quarter of 2014, the Corporation redeemed $23,000 of the Corporation-issued TPS, including $6,500 that the Corporation assumed as a result of the BCSB acquisition. During 2013, the Corporation redeemed $130,000 of the Corporation-issued TPS. The Corporation proactively redeemed these Corporation-issued TPS, primarily using proceeds from the November 2013 capital raise, in anticipation of meeting the limitations as described above. Under applicable regulatory capital guidelines issued by the bank regulatory agencies, upon notice of redemption, the redeemed TPS no longer qualify as tier 1 capital for the Corporation. The BCSB Capital Trust II holders were redeemed and paid in full on April 7, 2014.

The following table provides information relating to the Trusts as of March 31, 2014:

	Trust Preferred Securities		Common Securities		Junior Subordinated Debt		Stated Maturity Date		Interest Rate
F.N.B. Statutory Trust II	$	21,500	$	665	$	22,165		6/15/36		1.88	%	Variable; LIBOR + 165 basis points (bps)
Omega Financial Capital Trust I		36,000		1,114		36,042		10/18/34		2.43	%	Variable; LIBOR + 219 bps
BCSB Capital Trust II		10,000		310		10,310		10/07/33		3.24	%	Variable; LIBOR + 300 bps
	$	67,500	$	2,089	$	68,517

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Commitments, Credit Risk and Contingencies - Additional Information (Detail)	Mar. 31, 2014
Commitments And Contingencies Disclosure [Abstract]
Percentage of Commitments to extend credit dependent upon the financial condition of the customers	76.10%

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Comprehensive Income - Summary of Reclassifications Out of Accumulated Other Comprehensive Income (Detail) (USD $) In Thousands, unless otherwise specified	3 Months Ended
	Mar. 31, 2014	Mar. 31, 2013
Accumulated Other Comprehensive Income (Loss) [Line Items]
Net securities gains	$ 9,461	$ 684
Tax (expense) benefit	14,199	11,827
Net Income	34,524	28,538
Amount Reclassified from Other Comprehensive Income [Member] | Unrealized Net Gains (Losses) on Securities Available for Sale [Member]
Accumulated Other Comprehensive Income (Loss) [Line Items]
Net securities gains	(9,461)
Tax (expense) benefit	(3,311)
Net Income	$ (6,150)

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Consolidated Statements of Comprehensive Income (Unaudited) (USD $) In Thousands, except Per Share data, unless otherwise specified	3 Months Ended
	Mar. 31, 2014	Mar. 31, 2013
Interest Income
Loans, including fees	$ 104,097	$ 92,975
Securities:
Taxable	12,287	10,597
Nontaxable	1,291	1,516
Dividends	179	16
Other	26	14
Total Interest Income	117,880	105,118
Interest Expense
Deposits	7,149	8,265
Short-term borrowings	1,194	1,107
Long-term debt	1,071	774
Junior subordinated debt	641	1,876
Total Interest Expense	10,055	12,022
Net Interest Income	107,825	93,096
Provision for loan losses	7,006	7,541
Net Interest Income After Provision for Loan Losses	100,819	85,555
Non-Interest Income
Service charges	15,288	16,425
Trust fees	4,764	4,085
Insurance commissions and fees	4,945	4,430
Securities commissions and fees	2,372	2,923
Net securities gains	9,461	684
Mortgage banking	214	1,084
Bank owned life insurance	2,185	1,636
Other	2,841	2,345
Total Non-Interest Income	42,070	33,612
Non-Interest Expense
Salaries and employee benefits	48,953	43,905
Net occupancy	8,482	6,698
Equipment	6,899	5,492
Amortization of intangibles	2,283	1,925
Outside services	7,237	7,205
FDIC insurance	2,994	2,364
Merger related	5,318	352
Other	12,000	10,861
Total Non-Interest Expense	94,166	78,802
Income Before Income Taxes	48,723	40,365
Income taxes	14,199	11,827
Net Income	34,524	28,538
Preferred stock dividends	2,322
Net Income Available to Common Stockholders	32,202	28,538
Net Income per Common Share - Basic	$ 0.20	$ 0.20
Net Income per Common Share - Diluted	$ 0.20	$ 0.20
Cash Dividends per Common Share	$ 0.12	$ 0.12
Comprehensive Income	$ 47,407	$ 27,564

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MERGERS AND ACQUISITIONS

3 Months Ended

Mar. 31, 2014

Business Combinations [Abstract]

MERGERS AND ACQUISITIONS

MERGERS AND ACQUISITIONS

OBA Financial Services, Inc.

On April 8, 2014, the Corporation announced the signing of a definitive merger agreement to acquire OBA Financial Services, Inc. (OBA), a bank holding company with approximately $390,000 in total assets based in Germantown, Maryland. The transaction is valued at approximately $94,000. Under the terms of the merger agreement, OBA shareholders will be entitled to receive 1.781 shares of the Corporation’s common stock for each share of OBA common stock. OBA’s banking affiliate, OBA Bank, will be merged into FNBPA. The transaction is expected to be completed in the third quarter of 2014, pending regulatory approvals, the approval of shareholders of OBA and the satisfaction of other closing conditions.

BCSB Bancorp, Inc.

On February 15, 2014, the Corporation completed its acquisition of BCSB Bancorp, Inc. (BCSB), a bank holding company based in Baltimore, Maryland. On the acquisition date, the estimated fair values of BCSB included $596,795 in assets, $308,389 in loans and $532,197 in deposits. The acquisition was valued at approximately $80,554 and resulted in the Corporation issuing 6,730,597 shares of its common stock in exchange for 3,235,961 shares of BCSB common stock. The Corporation also acquired the outstanding stock options of BCSB that became fully vested upon the acquisition. The assets and liabilities of BCSB were recorded on the Corporation’s consolidated balance sheet at their preliminary estimated fair values as of February 15, 2014, the acquisition date, and BCSB’s results of operations have been included in the Corporation’s consolidated statement of comprehensive income since that date. BCSB’s banking affiliate, Baltimore County Savings Bank, was merged into FNBPA on February 15, 2014. Based on a preliminary purchase price allocation, the Corporation recorded $42,292 in goodwill and $6,591 in core deposit intangibles as a result of the acquisition. These fair value estimates are provisional amounts based on third party valuations that are currently under review. None of the goodwill is deductible for income tax purposes.

PVF Capital Corp.

On October 12, 2013, the Corporation completed its acquisition of PVF Capital Corp. (PVF), a savings and loan holding company based in Solon, Ohio. On the acquisition date, the estimated fair values of PVF included $686,401 in assets, $512,566 in loans and $627,046 in deposits. The acquisition was valued at $109,856 and resulted in the Corporation issuing 8,893,598 shares of its common stock in exchange for 26,119,398 shares of PVF common stock. The Corporation also acquired the outstanding stock options of PVF that became fully vested upon the acquisition. The assets and liabilities of PVF were recorded on the Corporation’s consolidated balance sheets at their preliminary estimated fair values as of October 12, 2013, the acquisition date, and PVF’s results of operations have been included in the Corporation’s consolidated statements of comprehensive income since that date. PVF’s banking affiliate, Park View Federal Savings Bank, was merged into FNBPA on October 12, 2013. Based on a preliminary purchase price allocation, the Corporation recorded $52,085 in goodwill and $6,867 in core deposit intangibles as a result of the acquisition. These fair value estimates are provisional amounts based on third party valuations that are currently under review. None of the goodwill is deductible for income tax purposes.

Annapolis Bancorp, Inc.

On April 6, 2013, the Corporation completed its acquisition of Annapolis Bancorp, Inc. (ANNB), a bank holding company based in Annapolis, Maryland. On the acquisition date, the estimated fair values of ANNB included $394,363 in assets, $256,199 in loans and $349,370 in deposits. The acquisition was valued at $56,300 and resulted in the Corporation issuing 4,641,412 shares of its common stock in exchange for 4,060,802 shares of ANNB common stock. The Corporation also acquired the outstanding stock options of ANNB that became fully vested upon the acquisition. Additionally, the Corporation paid $609, or $0.15 per share, to the holders of ANNB common stock as cash consideration due to the collection of a certain loan, as designated in the merger agreement. The assets and liabilities of ANNB were recorded on the Corporation’s consolidated balance sheets at their preliminary estimated fair values as of April 6, 2013, the acquisition date, and ANNB’s results of operations have been included in the Corporation’s consolidated statements of comprehensive income since that date. ANNB’s banking affiliate, BankAnnapolis, was merged into FNBPA on April 6, 2013. In conjunction with the acquisition, a warrant issued by ANNB to the U.S. Department of the Treasury (UST) under the Capital Purchase Program (CPP) was assumed by the Corporation and converted into a warrant to purchase up to 342,564 shares of the Corporation’s common stock. The warrant expires January 30, 2019 and has an exercise price of $3.57 per share. Based on the purchase price allocation, the Corporation recorded $35,854 in goodwill and $3,775 in core deposit intangibles as a result of the acquisition. None of the goodwill is deductible for income tax purposes.

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SECURITIES OFFERINGS

3 Months Ended

Mar. 31, 2014

Equity [Abstract]

SECURITIES OFFERINGS

SECURITIES OFFERINGS

On November 1, 2013, the Corporation completed a public offering of 4,693,876 shares of common stock at a price of $12.25 per share, including 612,244 shares of common stock purchased by the underwriters pursuant to an over-allotment option, which the underwriters exercised in full. On November 1, 2013, the Corporation also completed a public offering of 4,000,000 Depositary Shares, each representing a 1/40^th interest in the Non-Cumulative Perpetual Preferred Stock, Series E, of the Corporation, at a price of $25.00 per share. On November 14, 2013, the underwriters exercised their over-allotment option of 435,080 additional Depositary Shares at the same terms. The net proceeds of the common and preferred stock offerings after deducting underwriting discounts and commissions and offering expenses were $54,434 and $106,882, respectively.

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INCOME TAXES

3 Months Ended

Mar. 31, 2014

Income Tax Disclosure [Abstract]

INCOME TAXES

INCOME TAXES

The Corporation bases its provision for income taxes upon income before income taxes, adjusted for the effect of certain tax-exempt income and non-deductible expenses. In addition, the Corporation reports certain items of income and expense in different periods for financial reporting and tax return purposes. The Corporation recognizes the tax effects of these temporary differences currently in the deferred income tax provision or benefit. The Corporation computes deferred tax assets or liabilities based upon the differences between the financial statement and income tax bases of assets and liabilities using the applicable marginal tax rate.

The Corporation must evaluate the probability that it will ultimately realize the full value of its deferred tax assets. Realization of the Corporation’s deferred tax assets is dependent upon a number of factors including the existence of any cumulative losses in prior periods, the amount of taxes paid in available carry-back periods, expectations for future earnings, applicable tax planning strategies and assessment of current and future economic and business conditions. The Corporation establishes a valuation allowance when it is “more likely than not” that the Corporation will not be able to realize a benefit from its deferred tax assets, or when future deductibility is uncertain.

At March 31, 2014, the Corporation anticipates that it will not utilize state net operating loss carryforwards and other net deferred tax assets at certain of its subsidiaries and has recorded a valuation allowance against the state deferred tax assets. The Corporation believes that, except for the portion which is covered by the valuation allowance, it is more likely than not the Corporation will realize the benefits of its deferred tax assets, net of the valuation allowance, at March 31, 2014, based on the level of historical taxable income and taxes paid in available carry-back periods.

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DERIVATIVE INSTRUMENTS

3 Months Ended

Mar. 31, 2014

Derivative Instruments And Hedging Activities Disclosure [Abstract]

DERIVATIVE INSTRUMENTS

DERIVATIVE INSTRUMENTS

The Corporation is exposed to certain risks arising from both its business operations and economic conditions. The Corporation principally manages its exposures to a wide variety of business and operational risks through management of its core business activities. The Corporation manages economic risks, including interest rate risk, primarily by managing the amount, source, and duration of its assets and liabilities, and through the use of derivative instruments. Interest rate swaps are the primary derivative instrument used by the Corporation for interest rate management. The Corporation also uses derivative instruments to facilitate transactions on behalf of its customers.

Commercial Borrower Derivatives

The Corporation enters into interest rate swap agreements to meet the financing, interest rate and equity risk management needs of qualifying commercial loan customers. These agreements provide the customer the ability to convert from variable to fixed interest rates. The Corporation then enters into positions with a derivative counterparty in order to offset its exposure on the fixed components of the customer agreements. The credit risk associated with derivatives executed with customers is essentially the same as that involved in extending loans and is subject to normal credit policies and monitoring. The Corporation seeks to minimize counterparty credit risk by entering into transactions with only high-quality institutions. These arrangements meet the definition of derivatives, but are not designated as hedging instruments under ASC 815, Derivatives and Hedging. The interest rate swap agreement with the loan customer and with the counterparty is reported at fair value in other assets and other liabilities on the consolidated balance sheet with any resulting gain or loss recorded in current period earnings as other income or other expense.

Risk Management Derivatives

The Corporation entered into interest rate derivative agreements in order to manage its net interest income by increasing the stability of the net interest income over a range of potential interest rate scenarios. Interest rate swaps are also used to modify the interest rate characteristics of designated commercial loans from variable to fixed in order to reduce the impact of changes in future cash flows due to interest rate changes. These agreements are designated as cash flow hedges (i.e., hedging the exposure to variability in expected future cash flows). The effective portion of the derivative’s gain or loss is initially reported as a component of other comprehensive income and subsequently reclassified into earnings in the same line item associated with the forecasted transaction when the forecasted transaction affects earnings. The ineffective portion of the gain or loss is reported in earnings immediately. Gains and losses from hedge ineffectiveness recognized in the consolidated statement of comprehensive income were not material for the three months ended March 31, 2014.

In accordance with the requirements of ASU No. 2011-04, the Corporation made an accounting policy election to use the portfolio exception with respect to measuring derivative instruments, consistent with the guidance in ASC 820. The Corporation further documents that it meets the criteria for this exception as follows:

• The Corporation manages credit risk for its derivative positions on a counterparty-by-counterparty basis, consistent with its risk management strategy for such transactions. The Corporation manages credit risk by considering indicators of risk such as credit ratings, and by negotiating terms in its master netting arrangements and credit support annex documentation with each individual counterparty. Review of credit risk plays a central role in the decision of which counterparties to consider for such relationships and when deciding with whom it will enter into derivative transactions.

• Since the effective date of ASC 820, the Corporation’s management has monitored and measured credit risk and calculated credit valuation adjustments (CVAs) for its derivative transactions on a counterparty-by-counterparty basis. Management receives reports from an independent third-party valuation specialist on a monthly basis to assist in determining CVAs by counterparty for purposes of reviewing and managing its credit risk exposures. Since the portfolio exception applies only to the fair value measurement and not to the financial statement presentation, the portfolio-level adjustments are then allocated in a reasonable and consistent manner each period to the individual assets or liabilities that make up the counterparty derivative portfolio, in accordance with the Corporation’s accounting policy elections.

The Corporation notes that key market participants take into account the existence of such arrangements that mitigate credit risk exposure in the event of default. As such, the Corporation formally elects to apply the portfolio exception in ASC 820 with respect to measuring counterparty credit risk for all of its derivative transactions subject to master netting arrangements.

At March 31, 2014, the Corporation was party to 318 swaps with customers with notional amounts totaling $840,190 and 284 swaps with derivative counterparties with notional amounts totaling $1,040,190.

Derivative assets are classified in the balance sheet under “other assets” and derivative liabilities are classified in the balance sheet under “other liabilities.” The following tables present information about derivative assets and derivative liabilities that are subject to enforceable master netting agreements as well as those not subject to enforceable master netting arrangements:

	Gross Amount		Gross Amounts Offset in the Balance Sheet		Net Amount Presented in the Balance Sheet
Offsetting of Derivative Assets:
March 31, 2014
Derivative assets subject to master netting arrangement:
Interest rate contracts	$	2,172		—	$	2,172
Equity contracts		41		—		41
Derivative assets not subject to master netting arrangement:
Interest rate contracts		31,079		—		31,079
Total derivative assets	$	33,292		—	$	33,292
December 31, 2013
Derivative assets subject to master netting arrangement:
Interest rate contracts	$	3,547		—	$	3,547
Equity contracts		32		—		32
Derivative assets not subject to master netting arrangement:
Interest rate contracts		29,738		—		29,738
Total derivative assets	$	33,317		—	$	33,317
Offsetting of Derivative Liabilities:
March 31, 2014
Derivative liabilities subject to master netting arrangement:
Interest rate contracts	$	38,332		—	$	38,332
Derivative liabilities not subject to master netting arrangement:
Interest rate contracts		1,792		—		1,792
Equity contracts		41		—		41
Total derivative liabilities	$	40,165		—	$	40,165
December 31, 2013
Derivative liabilities subject to master netting arrangement:
Interest rate contracts	$	40,323		—	$	40,323
Derivative liabilities not subject to master netting arrangement:
Interest rate contracts		3,014		—		3,014
Equity contracts		32		—		32
Total derivative liabilities	$	43,369		—	$	43,369

The following tables present a reconciliation of the net amounts of derivative assets and derivative liabilities presented in the balance sheet to the net amounts that would result in the event of offset:

			Gross Amounts Not Offset in the Balance Sheet
	Net Amount Presented in the Balance Sheet		Financial Instruments		Cash Collateral Received		Net Amount
Derivative Assets:
March 31, 2014
Counterparty B	$	17	$	17	$	—	$	—
Counterparty D		246		246		—		—
Counterparty E		1,046		1,046		—		—
Counterparty F		233		233		—		—
Counterparty G		133		133		—		—
Counterparty I		405		405		—		—
Counterparty J		133		—		133		—
	$	2,213	$	2,080	$	133		—
December 31, 2013
Counterparty B	$	24	$	24	$	—	$	—
Counterparty D		566		566		—		—
Counterparty E		1,696		1,696		—		—
Counterparty F		355		273		—		82
Counterparty G		251		251		—		—
Counterparty I		634		634		—		—
Counterparty J		53		—		53		—
	$	3,579	$	3,444	$	53	$	82
Derivative Liabilities:
March 31, 2014
Counterparty A	$	4,682	$	4,682	$	—	$	—
Counterparty B		3,005		3,005		—
Counterparty C		1,356		1,356		—		—
Counterparty D		8,855		8,855		—		—
Counterparty E		5,093		5,093		—		—
Counterparty F		15		15		—		—
Counterparty G		4,804		4,804		—		—
Counterparty H		2,119		—		—		2,119
Counterparty I		5,731		5,731		—		—
Counterparty J		2,672		—		2,672		—
	$	38,332	$	33,541	$	2,672	$	2,119
December 31, 2013
Counterparty A	$	4,934	$	4,934	$	—	$	—
Counterparty B		3,249		3,249		—		—
Counterparty C		1,431		1,431		—		—
Counterparty D		9,614		9,614		—		—
Counterparty E		6,257		6,257		—		—
Counterparty F		13		13		—		—
Counterparty G		5,309		5,309		—		—
Counterparty H		2,257		125		—		2,132
Counterparty I		5,649		5,649		—		—
Counterparty J		1,610		—		1,610		—
	$	40,323	$	36,581	$	1,610	$	2,132

The following table presents the effect of the Corporation’s derivative financial instruments on the income statement:

	Income		Three Months Ended
	Statement		March 31,
	Location		2014			2013
Interest Rate Products		Other income	$	(14	)	$	136

The Corporation has agreements with each of its derivative counterparties that contain a provision where if the Corporation defaults on any of its indebtedness, including default where repayment of the indebtedness has not been accelerated by the lender, then the Corporation could also be declared in default on its derivative obligations. The Corporation also has agreements with certain of its derivative counterparties that contain a provision that if the Corporation fails to maintain its status as a well-capitalized institution, then the counterparty could terminate the derivative positions and the Corporation would be required to settle its obligations under the agreements. Certain of the Corporation’s agreements with its derivative counterparties contain provisions where if a material or adverse change occurs that materially changes the Corporation’s creditworthiness in an adverse manner, the Corporation may be required to fully collateralize its obligations under the derivative instrument.

Interest rate swap agreements generally require posting of collateral by either party under certain conditions. As of March 31, 2014 and December 31, 2013, the fair value of counterparty derivatives in a net liability position, which includes accrued interest but excludes any adjustment for non-performance risk related to these agreements, was $37,545 and $38,239, respectively. At March 31, 2014, the Corporation has posted collateral with derivative counterparties with a fair value of $35,068 and cash collateral of $3,472. At December 31, 2013, the Corporation had posted collateral with derivative counterparties with a fair value of $37,427 and cash collateral of $1,976. Additionally, if the Corporation had breached its agreements with its derivative counterparties it would be required to settle its obligations under the agreements at the termination value and would be required to pay an additional $2,199 and $2,224 as of March 31, 2014 and December 31, 2013, respectively, in excess of amounts previously posted as collateral with the respective counterparty.

The Corporation has entered into interest rate lock commitments to originate residential mortgage loans held for sale and forward commitments to sell residential mortgage loans to secondary market investors. These arrangements are considered derivative instruments. The fair values of the Corporation’s rate lock commitments to customers and commitments with investors at March 31, 2014 and December 31, 2013 are not material.

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Stock Incentive Plans - Summary of Information Concerning Stock Option Awards (Detail) (USD $)	3 Months Ended
	Mar. 31, 2014	Mar. 31, 2013
Disclosure Of Compensation Related Costs Sharebased Payments [Abstract]
Weighted Average Price per Share, Options outstanding at beginning of year	$ 11.50	$ 13.21
Weighted Average Price per Share, Assumed from acquisition	$ 5.77
Weighted Average Price per Share, Exercised	$ 6.05
Weighted Average Price per Share, Forfeited	$ 25.79	$ 14.92
Weighted Average Price per Share, Options outstanding and exercisable at end of year	$ 8.71	$ 12.01
Shares, Options outstanding at beginning of year	533,524	640,050
Shares, Assumed from acquisition	304,785
Shares, Exercised	(87,332)
Shares, Forfeited	(48,172)	(263,589)
Shares, Options outstanding and exercisable at end of year	702,805	376,461

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FEDERAL HOME LOAN BANK STOCK

3 Months Ended

Mar. 31, 2014

Banking And Thrift [Abstract]

FEDERAL HOME LOAN BANK STOCK

FEDERAL HOME LOAN BANK STOCK

The Corporation is a member of the Federal Home Loan Bank (FHLB) of Pittsburgh. The FHLB requires members to purchase and hold a specified minimum level of FHLB stock based upon their level of borrowings, collateral balances and participation in other programs offered by the FHLB. Stock in the FHLB is non-marketable and is redeemable at the discretion of the FHLB. Both cash and stock dividends on FHLB stock are reported as income.

Members do not purchase stock in the FHLB for the same reasons that traditional equity investors acquire stock in an investor-owned enterprise. Rather, members purchase stock to obtain access to the low-cost products and services offered by the FHLB. Unlike equity securities of traditional for-profit enterprises, the stock of FHLB does not provide its holders with an opportunity for capital appreciation because, by regulation, FHLB stock can only be purchased, redeemed and transferred at par value.

At March 31, 2014 and December 31, 2013, the Corporation’s FHLB stock totaled $24,636 and $23,636, respectively, and is included in other assets on the balance sheet. The Corporation accounts for the stock in accordance with ASC 325, which requires the investment to be carried at cost and evaluated for impairment based on the ultimate recoverability of the par value. Due to the continued improvement of the FHLB’s financial performance and stability over the past several years, the Corporation believes its holdings in the stock are ultimately recoverable at par value and, therefore, determined that FHLB stock was not other-than-temporarily impaired. In addition, the Corporation has ample liquidity and does not require redemption of its FHLB stock in the foreseeable future.

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Loans and Allowance for Loan Losses - Age Analysis of Past Due Loans, by Class (Detail) (USD $) In Thousands, unless otherwise specified	Mar. 31, 2014	Dec. 31, 2013
Financing Receivable, Recorded Investment, Past Due [Line Items]
Total Loans	$ 9,943,136	$ 9,506,094
Commercial Real Estate [Member]
Financing Receivable, Recorded Investment, Past Due [Line Items]
Total Loans	3,464,598	3,245,209
Commercial and Industrial [Member]
Financing Receivable, Recorded Investment, Past Due [Line Items]
Total Loans	1,965,065	1,881,474
Commercial Leases [Member]
Financing Receivable, Recorded Investment, Past Due [Line Items]
Total Loans	161,494	158,895
Total Commercial Loans and Leases [Member]
Financing Receivable, Recorded Investment, Past Due [Line Items]
Total Loans	5,591,157	5,285,578
Direct Installment [Member]
Financing Receivable, Recorded Investment, Past Due [Line Items]
Total Loans	1,467,558	1,467,236
Residential Mortgages [Member]
Financing Receivable, Recorded Investment, Past Due [Line Items]
Total Loans	1,135,790	1,086,739
Indirect Installment [Member]
Financing Receivable, Recorded Investment, Past Due [Line Items]
Total Loans	678,918	655,587
Consumer Lines of Credit [Member]
Financing Receivable, Recorded Investment, Past Due [Line Items]
Total Loans	1,010,501	965,771
Other [Member]
Financing Receivable, Recorded Investment, Past Due [Line Items]
Total Loans	59,212	45,183
Originated Loans [Member]
Financing Receivable, Recorded Investment, Past Due [Line Items]
30-89 Days Past Due	32,490	37,342
> 90 Days Past Due and Still Accruing	5,467	7,971
Non- Accrual	60,039	58,755
Total Past Due	97,996	104,068
Current	8,246,402	8,050,697
Total Loans	8,344,398	8,154,765
Originated Loans [Member] | Commercial Real Estate [Member]
Financing Receivable, Recorded Investment, Past Due [Line Items]
30-89 Days Past Due	6,297	5,428
> 90 Days Past Due and Still Accruing	243	252
Non- Accrual	43,385	40,960
Total Past Due	49,925	46,640
Current	2,627,227	2,593,788
Total Loans	2,677,152	2,640,428
Originated Loans [Member] | Commercial and Industrial [Member]
Financing Receivable, Recorded Investment, Past Due [Line Items]
30-89 Days Past Due	2,564	2,066
> 90 Days Past Due and Still Accruing	8	8
Non- Accrual	4,194	6,643
Total Past Due	6,766	8,717
Current	1,841,566	1,752,951
Total Loans	1,848,332	1,761,668
Originated Loans [Member] | Commercial Leases [Member]
Financing Receivable, Recorded Investment, Past Due [Line Items]
30-89 Days Past Due	1,150	714
> 90 Days Past Due and Still Accruing
Non- Accrual	744	734
Total Past Due	1,894	1,448
Current	159,600	157,447
Total Loans	161,494	158,895
Originated Loans [Member] | Total Commercial Loans and Leases [Member]
Financing Receivable, Recorded Investment, Past Due [Line Items]
30-89 Days Past Due	10,011	8,208
> 90 Days Past Due and Still Accruing	251	260
Non- Accrual	48,323	48,337
Total Past Due	58,585	56,805
Current	4,628,393	4,504,186
Total Loans	4,686,978	4,560,991
Originated Loans [Member] | Direct Installment [Member]
Financing Receivable, Recorded Investment, Past Due [Line Items]
30-89 Days Past Due	7,893	9,038
> 90 Days Past Due and Still Accruing	2,876	3,753
Non- Accrual	6,405	4,686
Total Past Due	17,174	17,477
Current	1,369,766	1,370,518
Total Loans	1,386,940	1,387,995
Originated Loans [Member] | Residential Mortgages [Member]
Financing Receivable, Recorded Investment, Past Due [Line Items]
30-89 Days Past Due	8,591	12,681
> 90 Days Past Due and Still Accruing	1,406	2,401
Non- Accrual	3,521	4,260
Total Past Due	13,518	19,342
Current	674,520	658,885
Total Loans	688,038	678,227
Originated Loans [Member] | Indirect Installment [Member]
Financing Receivable, Recorded Investment, Past Due [Line Items]
30-89 Days Past Due	3,762	5,653
> 90 Days Past Due and Still Accruing	240	471
Non- Accrual	1,259	1,060
Total Past Due	5,261	7,184
Current	669,086	642,517
Total Loans	674,347	649,701
Originated Loans [Member] | Consumer Lines of Credit [Member]
Financing Receivable, Recorded Investment, Past Due [Line Items]
30-89 Days Past Due	2,207	1,737
> 90 Days Past Due and Still Accruing	685	1,076
Non- Accrual	531	412
Total Past Due	3,423	3,225
Current	845,460	829,443
Total Loans	848,883	832,668
Originated Loans [Member] | Other [Member]
Financing Receivable, Recorded Investment, Past Due [Line Items]
30-89 Days Past Due	26	25
> 90 Days Past Due and Still Accruing	9	10
Non- Accrual
Total Past Due	35	35
Current	59,177	45,148
Total Loans	59,212	45,183
Acquired Loans [Member]
Financing Receivable, Recorded Investment, Past Due [Line Items]
30-89 Days Past Due	34,668	30,205
> 90 Days Past Due and Still Accruing	61,629	45,823
Non- Accrual
Total Past Due	96,297	76,028
Current	1,608,592	1,373,199
Total Loans	1,598,738	1,351,329
Discount	(106,151)	(97,898)
Acquired Loans [Member] | Commercial Real Estate [Member]
Financing Receivable, Recorded Investment, Past Due [Line Items]
30-89 Days Past Due	23,180	13,637
> 90 Days Past Due and Still Accruing	31,063	20,668
Non- Accrual
Total Past Due	54,243	34,305
Current	790,425	619,197
Total Loans	787,446	604,781
Discount	(57,222)	(48,721)
Acquired Loans [Member] | Commercial and Industrial [Member]
Financing Receivable, Recorded Investment, Past Due [Line Items]
30-89 Days Past Due	726	1,860
> 90 Days Past Due and Still Accruing	5,296	1,899
Non- Accrual
Total Past Due	6,022	3,759
Current	119,541	124,415
Total Loans	116,733	119,806
Discount	(8,830)	(8,368)
Acquired Loans [Member] | Commercial Leases [Member]
Financing Receivable, Recorded Investment, Past Due [Line Items]
30-89 Days Past Due
> 90 Days Past Due and Still Accruing
Non- Accrual
Total Past Due
Current
Total Loans
Discount
Acquired Loans [Member] | Total Commercial Loans and Leases [Member]
Financing Receivable, Recorded Investment, Past Due [Line Items]
30-89 Days Past Due	23,906	15,497
> 90 Days Past Due and Still Accruing	36,359	22,567
Non- Accrual
Total Past Due	60,265	38,064
Current	909,966	743,612
Total Loans	904,179	724,587
Discount	(66,052)	(57,089)
Acquired Loans [Member] | Direct Installment [Member]
Financing Receivable, Recorded Investment, Past Due [Line Items]
30-89 Days Past Due	1,112	1,447
> 90 Days Past Due and Still Accruing	957	1,178
Non- Accrual
Total Past Due	2,069	2,625
Current	76,628	74,917
Total Loans	80,618	79,241
Discount	1,921	1,699
Acquired Loans [Member] | Residential Mortgages [Member]
Financing Receivable, Recorded Investment, Past Due [Line Items]
30-89 Days Past Due	8,514	11,464
> 90 Days Past Due and Still Accruing	20,886	19,298
Non- Accrual
Total Past Due	29,400	30,762
Current	452,306	412,704
Total Loans	447,752	408,512
Discount	(33,954)	(34,954)
Acquired Loans [Member] | Indirect Installment [Member]
Financing Receivable, Recorded Investment, Past Due [Line Items]
30-89 Days Past Due	101	205
> 90 Days Past Due and Still Accruing	31	31
Non- Accrual
Total Past Due	132	236
Current	5,032	6,267
Total Loans	4,571	5,886
Discount	(593)	(617)
Acquired Loans [Member] | Consumer Lines of Credit [Member]
Financing Receivable, Recorded Investment, Past Due [Line Items]
30-89 Days Past Due	1,035	1,592
> 90 Days Past Due and Still Accruing	3,396	2,749
Non- Accrual
Total Past Due	4,431	4,341
Current	164,660	135,699
Total Loans	161,618	133,103
Discount	(7,473)	(6,937)
Acquired Loans [Member] | Other [Member]
Financing Receivable, Recorded Investment, Past Due [Line Items]
30-89 Days Past Due
> 90 Days Past Due and Still Accruing
Non- Accrual
Total Past Due
Current
Total Loans
Discount

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NEW ACCOUNTING STANDARDS

3 Months Ended

Mar. 31, 2014

New Accounting Pronouncements and Changes in Accounting Principles [Abstract]

NEW ACCOUNTING STANDARDS

NEW ACCOUNTING STANDARDS

Troubled Debt Restructurings

In January 2014, the Financial Accounting Standards Board (FASB) issued Accounting Standards Update (ASU) No. 2014-04, Reclassification of Residential Real Estate Collateralized Consumer Mortgage Loans upon Foreclosure, to clarify when an in-substance repossession or foreclosure occurs; that is, when a creditor should be considered to have received physical possession of residential real estate property collateralizing a consumer mortgage loan such that the loan should be derecognized and other real estate owned (OREO) recognized. This update requires a creditor to reclassify a collateralized consumer mortgage loan to OREO upon obtaining legal title to the real estate collateral, or the borrower voluntarily conveying all interest in the real estate property to the lender to satisfy the loan through a deed in lieu of foreclosure or similar legal agreement. The requirements of ASU 2014-04 are effective for reporting periods beginning after December 15, 2014. The adoption of this update will not have an impact on the financial statements, results of operations or liquidity of the Corporation since the Corporation already accounts for foreclosures according to the requirements of this update.

Investments in Qualified Affordable Housing Projects

In January 2014, the FASB issued ASU No. 2014-01, Accounting for Investments in Qualified Affordable Housing Projects, to revise the accounting for investments in qualified affordable housing projects. This update modifies the conditions that must be met to present the pretax effects and related tax benefits of such investments as a component of income taxes (“net” within income tax expense). It is expected that the new guidance will enable more investors to use a “net” presentation for investments in qualified affordable housing projects. Investors that do not qualify for “net” presentation under the new guidance will continue to account for such investments under the equity method or cost method, which results in losses recognized in pretax income and tax benefits recognized in income taxes (“gross” presentation of investment results). For investments that qualify for the “net” presentation of investment performance, the guidance introduces a “proportional amortization method” that can be elected to amortize the investment basis. If elected, the method is required for all eligible investments in qualified affordable housing projects. The requirements of ASU 2014-01 are effective for reporting periods beginning after December 15, 2014, with early adoption permitted. The adoption of this update is not expected to have a material effect on the financial statements, results of operations or liquidity of the Corporation.

Income Taxes

In July 2013, the FASB issued ASU No. 2013-11, Presentation of an Unrecognized Tax Benefit When a Net Operating Loss Carryforward, a Similar Tax Loss, or a Tax Credit Carryforward Exists, to provide guidance on the financial statement presentation of certain unrecognized tax benefits. An unrecognized tax benefit or a portion of an unrecognized tax benefit should be presented in the financial statements as a reduction to a deferred tax asset for a net operating loss carryforward, a similar tax loss or a tax credit carryforward with certain exceptions related to availability. The requirements of ASU 2013-11 are effective prospectively for reporting periods beginning after December 15, 2013, with early adoption permitted. The adoption of this update did not have a material effect on the financial statements, results of operations or liquidity of the Corporation.

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SECURITIES

3 Months Ended

Mar. 31, 2014

Text Block [Abstract]

SECURITIES

SECURITIES

The amortized cost and fair value of securities are as follows:

	Amortized Cost		Gross Unrealized Gains		Gross Unrealized Losses			Fair Value
Securities Available for Sale:
March 31, 2014
U.S. government-sponsored entities	$	268,330	$	50	$	(3,699	)	$	264,681
Residential mortgage-backed securities:
Agency mortgage-backed securities		352,209		4,637		(905	)		355,941
Agency collateralized mortgage obligations		622,060		1,335		(13,643	)		609,752
Non-agency collateralized mortgage obligations		1,661		18		—			1,679
Commercial mortgage-backed securities		9,153		—		(24	)		9,129
States of the U.S. and political subdivisions		14,216		438		(149	)		14,505
Other debt securities		16,532		569		(861	)		16,240
Total debt securities		1,284,161		7,047		(19,281	)		1,271,927
Equity securities		1,444		699		—			2,143
	$	1,285,605	$	7,746	$	(19,281	)	$	1,274,070
December 31, 2013
U.S. government-sponsored entities	$	336,763	$	126	$	(5,904	)	$	330,985
Residential mortgage-backed securities:
Agency mortgage-backed securities		247,880		4,304		(1,303	)		250,881
Agency collateralized mortgage obligations		511,098		895		(20,794	)		491,199
Non-agency collateralized mortgage obligations		1,747		15		—			1,762
States of the U.S. and political subdivisions		16,842		410		(250	)		17,002
Collateralized debt obligations		37,203		4,507		(10,115	)		31,595
Other debt securities		16,505		524		(929	)		16,100
Total debt securities		1,168,038		10,781		(39,295	)		1,139,524
Equity securities		1,444		682		—			2,126
	$	1,169,482	$	11,463	$	(39,295	)	$	1,141,650
Securities Held to Maturity:
March 31, 2014
U.S. Treasury	$	502	$	123	$	—		$	625
U.S. government-sponsored entities		101,787		181		(1,284	)		100,684
Residential mortgage-backed securities:
Agency mortgage-backed securities		725,154		12,529		(3,817	)		733,866
Agency collateralized mortgage obligations		452,909		1,225		(11,976	)		442,158
Non-agency collateralized mortgage obligations		6,352		24		—			6,376
Commercial mortgage-backed securities		2,236		121		(15	)		2,342
States of the U.S. and political subdivisions		131,506		2,392		(955	)		132,943
	$	1,420,446	$	16,595	$	(18,047	)	$	1,418,994
December 31, 2013
U.S. Treasury	$	503	$	99	$	—		$	602
U.S. government-sponsored entities		43,322		180		(1,151	)		42,351
Residential mortgage-backed securities:
Agency mortgage-backed securities		628,681		12,281		(6,032	)		634,930
Agency collateralized mortgage obligations		385,408		764		(15,844	)		370,328
Non-agency collateralized mortgage obligations		6,852		44		(4	)		6,892
Commercial mortgage-backed securities		2,241		124		(37	)		2,328
States of the U.S. and political subdivisions		132,162		1,992		(2,022	)		132,132
	$	1,199,169	$	15,484	$	(25,090	)	$	1,189,563

The Corporation classifies securities as trading securities when management intends to sell such securities in the near term. Such securities are carried at fair value, with unrealized gains (losses) reflected through the consolidated statements of comprehensive income. The Corporation classified certain securities acquired in conjunction with the BCSB, PVF and ANNB acquisitions as trading securities. The Corporation both acquired and sold these trading securities during the quarterly periods in which each of the acquisitions occurred. As of March 31, 2014 and December 31, 2013, the Corporation did not hold any trading securities.

Gross gains and gross losses were realized on securities as follows:

	Three Months Ended
	March 31,
	2014			2013
Gross gains	$	18,009		$	1,032
Gross losses		(8,548	)		(348	)
	$	9,461		$	684

During the first quarter of 2014, the Corporation strategically sold its entire portfolio of pooled trust preferred securities (TPS) with net proceeds of $51,540 and a gain of $13,766. Of the 23 pooled securities sold, one was determined to be a disallowed investment under the Volcker Rule (Section 619) of the Dodd-Frank Wall Street Reform and Consumer Protection Act of 2010 (Dodd-Frank Act), and as such, was required to be disposed of by July 2015. By selling these securities, the Corporation strengthened the risk profile of its investment portfolio, improved its capital levels due to lowered risk-weighted assets and generated leverageable capital to support future growth.

As of March 31, 2014, the amortized cost and fair value of securities, by contractual maturities, were as follows:

	Available for Sale				Held to Maturity
	Amortized Cost		Fair Value		Amortized Cost		Fair Value
Due in one year or less	$	—	$	—	$	2,716	$	2,766
Due from one to five years		209,466		207,689		77,526		76,567
Due from five to ten years		82,024		80,998		85,763		86,428
Due after ten years		7,588		6,739		67,790		68,491
		299,078		295,426		233,795		234,252
Residential mortgage-backed securities:
Agency mortgage-backed securities		352,209		355,941		725,154		733,866
Agency collateralized mortgage obligations		622,060		609,752		452,909		442,158
Non-agency collateralized mortgage obligations		1,661		1,679		6,352		6,376
Commercial mortgage-backed securities		9,153		9,129		2,236		2,342
Equity securities		1,444		2,143		—		—
	$	1,285,605	$	1,274,070	$	1,420,446	$	1,418,994

Maturities may differ from contractual terms because borrowers may have the right to call or prepay obligations with or without penalties. Periodic payments are received on mortgage-backed securities based on the payment patterns of the underlying collateral.

At March 31, 2014 and December 31, 2013, securities with a carrying value of $946,173 and $909,548, respectively, were pledged to secure public deposits, trust deposits and for other purposes as required by law. Securities with a carrying value of $811,881 and $860,279 at March 31, 2014 and December 31, 2013, respectively, were pledged as collateral for short-term borrowings.

Following are summaries of the fair values and unrealized losses of securities, segregated by length of impairment:

	Less than 12 Months							12 Months or More							Total
	#		Fair Value		Unrealized Losses			#		Fair Value		Unrealized Losses			#		Fair Value		Unrealized Losses
Securities Available for Sale:
March 31, 2014
U.S. government-sponsored entities		18	$	249,631	$	(3,699	)		—	$	—	$	—			18	$	249,631	$	(3,699	)
Residential mortgage-backed securities:
Agency mortgage-backed securities		11		177,722		(905	)		—		—		—			11		177,722		(905	)
Agency collateralized mortgage obligations		24		398,335		(9,937	)		4		68,266		(3,706	)		28		466,601		(13,643	)
Commercial mortgage-backed securities		1		9,129		(24	)		—		—		—			1		9,129		(24	)
States of the U.S. and political subdivisions		2		3,123		(149	)		—		—		—			2		3,123		(149	)
Other debt securities		—		—		—			4		6,020		(861	)		4		6,020		(861	)
		56	$	837,940	$	(14,714	)		8	$	74,286	$	(4,567	)		64	$	912,226	$	(19,281	)
December 31, 2013
U.S. government-sponsored entities		17	$	232,962	$	(5,904	)		—	$	—	$	—			17	$	232,962	$	(5,904	)
Residential mortgage-backed securities:
Agency mortgage-backed securities		9		108,284		(1,303	)		—		—		—			9		108,284		(1,303	)
Agency collateralized mortgage obligations		26		389,989		(18,644	)		2		34,229		(2,150	)		28		424,218		(20,794	)
States of the U.S. and political subdivisions		2		3,022		(250	)		—		—		—			2		3,022		(250	)
Collateralized debt obligations		—		—		—			8		7,965		(10,115	)		8		7,965		(10,115	)
Other debt securities		—		—		—			4		5,950		(929	)		4		5,950		(929	)
		54	$	734,257	$	(26,101	)		14	$	48,144	$	(13,194	)		68	$	782,401	$	(39,295	)
Securities Held to Maturity:
March 31, 2014
U.S. government-sponsored entities		7	$	73,748	$	(788	)		1	$	14,504	$	(496	)		8	$	88,252	$	(1,284	)
Residential mortgage-backed securities:
Agency mortgage-backed securities		23		347,721		(3,745	)		1		1,304		(72	)		24		349,025		(3,817	)
Agency collateralized mortgage obligations		20		249,082		(8,442	)		4		66,850		(3,534	)		24		315,932		(11,976	)
Commercial mortgage-backed securities		1		1,005		(15	)		—		—		—			1		1,005		(15	)
States of the U.S. and political subdivisions		21		27,262		(955	)		—		—		—			21		27,262		(955	)
		72	$	698,818	$	(13,945	)		6	$	82,658	$	(4,102	)		78	$	781,476	$	(18,047	)
December 31, 2013
U.S. government-sponsored entities		2	$	24,513	$	(530	)		1	$	14,378	$	(621	)		3	$	38,891	$	(1,151	)
Residential mortgage-backed securities:
Agency mortgage-backed securities		24		308,864		(5,942	)		1		1,296		(90	)		25		310,160		(6,032	)
Agency collateralized mortgage obligations		21		301,312		(15,844	)		—		—		—			21		301,312		(15,844	)
Non-agency collateralized mortgage obligations		3		2,010		(4	)		—		—		—			3		2,010		(4	)
Commercial mortgage-backed securities		1		984		(37	)		—		—		—			1		984		(37	)
States of the U.S. and political subdivisions		27		31,537		(2,022	)		—		—		—			27		31,537		(2,022	)
		78	$	669,220	$	(24,379	)		2	$	15,674	$	(711	)		80	$	684,894	$	(25,090	)

The Corporation does not intend to sell the debt securities and it is not more likely than not the Corporation will be required to sell the securities before recovery of their amortized cost basis.

The Corporation’s unrealized losses on collateralized debt obligations (CDOs) as of December 31, 2013 related to investments in pooled TPS, all of which were sold during the first quarter of 2014 as previously noted. The Corporation’s remaining portfolio of TPS consists of four single-issuer securities, which are primarily from money-center and large regional banks and are included in other debt securities. These single-issuer TPS had an amortized cost and estimated fair value of $6,881 and $6,020 at March 31, 2014, respectively. The Corporation has concluded from its analysis performed at March 31, 2014 that it is probable that the Corporation will collect all contractual principal and interest payments related to these securities.

Other-Than-Temporary Impairment

The Corporation evaluates its investment securities portfolio for other-than-temporary impairment (OTTI) on a quarterly basis. Impairment is assessed at the individual security level. The Corporation considers an investment security impaired if the fair value of the security is less than its cost or amortized cost basis. The following table presents a summary of the cumulative credit-related OTTI charges recognized as components of earnings for securities for which a portion of an OTTI is recognized in other comprehensive income:

	Collateralized Debt Obligations			Residential Non-Agency CMOs			Equities		Total
For the Three Months Ended March 31, 2014
Beginning balance	$	17,155		$	—		$	27	$	17,182
Loss where impairment was not previously recognized		—			—			—		—
Additional loss where impairment was previously recognized		—			—			—		—
Reduction due to credit impaired securities sold		(17,155	)		—			—		(17,155	)
Ending balance	$	—		$	—		$	27	$	27
For the Three Months Ended March 31, 2013
Beginning balance	$	17,155		$	212			—	$	17,367
Loss where impairment was not previously recognized		—			—			—		—
Additional loss where impairment was previously recognized		—			—			—		—
Reduction due to credit impaired securities sold		—			(212	)		—		(212	)
Ending balance	$	17,155		$	—			—	$	17,155

The Corporation did not recognize any impairment losses on securities for the three months ended March 31, 2014 or 2013.

States of the U.S. and Political Subdivisions

The Corporation’s municipal bond portfolio of $146,011 as of March 31, 2014 is highly rated with an average entity-specific rating of AA and 98.5% of the portfolio rated A or better. General obligation bonds comprise 98.9% of the portfolio. Geographically, municipal bonds support the Corporation’s footprint as 80.9% of the securities are from municipalities located throughout Pennsylvania. The average holding size of the securities in the municipal bond portfolio is $1,000. In addition to the strong stand-alone ratings, 69.2% of the municipalities have purchased credit enhancement insurance to strengthen the creditworthiness of their issue. Management also reviews the credit profile of each issuer on a quarterly basis.

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LOANS AND ALLOWANCE FOR LOAN LOSSES

3 Months Ended

Mar. 31, 2014

Receivables [Abstract]

LOANS AND ALLOWANCE FOR LOAN LOSSES

LOANS AND ALLOWANCE FOR LOAN LOSSES

Following is a summary of loans, net of unearned income:

	Originated Loans		Acquired Loans		Total Loans
March 31, 2014
Commercial real estate	$	2,677,152	$	787,446	$	3,464,598
Commercial and industrial		1,848,332		116,733		1,965,065
Commercial leases		161,494		—		161,494
Total commercial loans and leases		4,686,978		904,179		5,591,157
Direct installment		1,386,940		80,618		1,467,558
Residential mortgages		688,038		447,752		1,135,790
Indirect installment		674,347		4,571		678,918
Consumer lines of credit		848,883		161,618		1,010,501
Other		59,212		—		59,212
	$	8,344,398		1,598,738	$	9,943,136
December 31, 2013
Commercial real estate	$	2,640,428	$	604,781	$	3,245,209
Commercial and industrial		1,761,668		119,806		1,881,474
Commercial leases		158,895		—		158,895
Total commercial loans and leases		4,560,991		724,587		5,285,578
Direct installment		1,387,995		79,241		1,467,236
Residential mortgages		678,227		408,512		1,086,739
Indirect installment		649,701		5,886		655,587
Consumer lines of credit		832,668		133,103		965,771
Other		45,183		—		45,183
	$	8,154,765	$	1,351,329	$	9,506,094

The carrying amount of acquired loans at March 31, 2014 totaled $1,593,642, including purchased credit-impaired (PCI) loans with a carrying amount of $14,513, while the carrying amount of acquired loans at December 31, 2013 totaled $1,345,429, including PCI loans with a carrying amount of $21,192. The outstanding contractual balance receivable of acquired loans at March 31, 2014 totaled $1,704,889, including PCI loans with an outstanding contractual balance receivable of $46,809, while the outstanding contractual balance receivable of acquired loans at December 31, 2013 totaled $1,449,227, including PCI loans with an outstanding contractual balance receivable of $56,500.

Commercial real estate includes both owner-occupied and non-owner-occupied loans secured by commercial properties. Commercial and industrial includes loans to businesses that are not secured by real estate. Commercial leases consist of loans for new or used equipment. Direct installment is comprised of fixed-rate, closed-end consumer loans for personal, family or household use, such as home equity loans and automobile loans. Residential mortgages consist of conventional and jumbo mortgage loans for non-commercial properties. Indirect installment is comprised of loans originated by third parties and underwritten by the Corporation, primarily automobile loans. Consumer lines of credit include home equity lines of credit (HELOC) and consumer lines of credit that are either unsecured or secured by collateral other than home equity. Other is comprised primarily of mezzanine loans and student loans.

The loan portfolio consists principally of loans to individuals and small- and medium-sized businesses within the Corporation’s primary market area of Pennsylvania, eastern Ohio, Maryland and northern West Virginia. The commercial real estate portfolio also includes run-off loans in Florida, which totaled $39,118 or 0.4% of total loans at March 31, 2014, compared to $39,379 or 0.4% of total loans at December 31, 2013. Additionally, the total loan portfolio contains consumer finance loans to individuals in Pennsylvania, Ohio, Tennessee and Kentucky, which totaled $171,228 or 1.7% of total loans at March 31, 2014, compared to $179,970 or 1.9% of total loans at December 31, 2013. Due to the relative size of the consumer finance loan portfolio, they are not segregated from other consumer loans.

As of March 31, 2014, 42.0% of the commercial real estate loans were owner-occupied, while the remaining 58.0% were non-owner-occupied, compared to 43.1% and 56.9%, respectively, as of December 31, 2013. As of March 31, 2014 and December 31, 2013, the Corporation had commercial construction loans of $270,913 and $252,842, respectively, representing 2.7% of total loans.

ASC 310-30 Loans

All loans acquired in the BCSB, PVF and ANNB acquisitions, except for revolving loans, are accounted for in accordance with ASC 310-30. Revolving loans are accounted for under ASC 310-20. The Corporation’s allowance for loan losses for acquired loans reflects only those losses incurred after acquisition.

The following table reflects amounts at acquisition for all purchased loans subject to ASC 310-30 (impaired and non-impaired) acquired from PVF and ANNB in 2013. ASC 310-30 (impaired and non-impaired) loans acquired from BCSB in 2014 are not presented because their values are expected to be immaterial, are preliminary in nature and are subject to refinement as additional information becomes available.

	Acquired Impaired Loans			Acquired Performing Loans			Total
Acquired from PVF and ANNB in 2013
Contractually required cash flows at acquisition	$	40,972		$	796,114		$	837,086
Non-accretable difference (expected losses and foregone interest)		(23,207	)		(52,992	)		(76,199	)
Cash flows expected to be collected at acquisition		17,765			743,122			760,887
Accretable yield		(2,505	)		(112,847	)		(115,352	)
Basis in acquired loans at acquisition	$	15,260		$	630,275		$	645,535

The following table provides a summary of change in accretable yield for all acquired loans, excluding loans from the BCSB acquisition.

	Acquired Impaired Loans			Acquired Performing Loans			Total
Three Months Ended March 31, 2014
Balance at beginning of period	$	7,456		$	298,190		$	305,646
Acquisitions		—			—			—
Reduction due to unexpected early payoffs		—			(12,694	)		(12,694	)
Reclass from non-accretable difference		332			436			768
Disposals/transfers		(759	)		(185	)		(944	)
Accretion		(1,264	)		(14,649	)		(15,913	)
Balance at end of period	$	5,765		$	271,098		$	276,863
Year Ended December 31, 2013
Balance at beginning of period	$	778		$	253,375		$	254,153
Acquisitions		2,505			112,847			115,352
Reduction due to unexpected early payoffs		—			(42,582	)		(42,582	)
Reclass from non-accretable difference		8,097			8,296			16,393
Disposals/transfers		(368	)		(224	)		(592	)
Accretion		(3,556	)		(33,522	)		(37,078	)
Balance at end of period	$	7,456		$	298,190		$	305,646

Purchased Credit-Impaired (PCI) Loans

The Corporation has acquired loans for which there was evidence of deterioration of credit quality since origination and for which it was probable, at acquisition, that all contractually required payments would not be collected.

Following is information about PCI loans. The table below does not include impaired loans from the BCSB acquisition because their values are expected to be immaterial, are preliminary in nature and are subject to refinement as additional information becomes available.

	Outstanding Balance			Non-Accretable Difference			Expected Cash Flows			Accretable Yield			Recorded Investment
For the Three Months Ended March 31, 2014
Balance at beginning of period	$	56,500		$	(26,852	)	$	29,648		$	(7,456	)	$	22,192
Acquisitions		—			—			—			—			—
Accretion		—			—			—			1,264			1,264
Payments received		(8,040	)		437			(7,603	)		—			(7,603	)
Reclass from non-accretable difference		—			332			332			(332	)		—
Disposals/transfers		(2,520	)		1,129			(1,391	)		759			(632	)
Contractual interest		869			(869	)		—			—			—
Balance at end of period	$	46,809		$	(25,823	)	$	20,896		$	(5,765	)	$	15,221
For the Year Ended December 31, 2013
Balance at beginning of period	$	41,134		$	(23,733	)	$	17,401		$	(778	)	$	16,623
Acquisitions		42,031			(24,266	)		17,765			(2,505	)		15,260
Accretion		—			—			—			3,556			3,556
Payments received		(10,670	)		1,345			(9,325	)		—			(9,325	)
Reclass from non-accretable difference		—			8,097			8,097			(8,097	)		—
Disposals/transfers		(18,695	)		14,405			(4,290	)		368			(3,922	)
Contractual interest		2,700			(2,700	)		—			—			—
Balance at end of period	$	56,500		$	(26,852	)	$	29,648		$	(7,456	)	$	22,192

The accretion in the table above includes $242 in 2014 and $440 in 2013 that primarily represents payoffs received on certain loans in excess of expected cash flows.

Credit Quality

Management monitors the credit quality of the Corporation’s loan portfolio on an ongoing basis. Measurement of delinquency and past due status are based on the contractual terms of each loan.

Non-performing loans include non-accrual loans and non-performing troubled debt restructurings (TDRs). Past due loans are reviewed on a monthly basis to identify loans for non-accrual status. The Corporation places a loan on non-accrual status and discontinues interest accruals on originated loans generally when principal or interest is due and has remained unpaid for a certain number of days unless the loan is both well secured and in the process of collection. Commercial loans are placed on non-accrual at 90 days, installment loans are placed on non-accrual at 120 days and residential mortgages and consumer lines of credit are generally placed on non-accrual at 180 days. When a loan is placed on non-accrual status, all unpaid interest is reversed. Non-accrual loans may not be restored to accrual status until all delinquent principal and interest have been paid and the ultimate ability to collect the remaining principal and interest is reasonably assured. TDRs are loans in which the borrower has been granted a concession on the interest rate or the original repayment terms due to financial distress. Non-performing assets also include debt securities on which OTTI has been taken in the current or prior periods that have not been returned to accrual status.

Following is a summary of non-performing assets:

	March 31, 2014			December 31, 2013
Non-accrual loans	$	60,039		$	58,755
Troubled debt restructurings		19,384			18,698
Total non-performing loans		79,423			77,453
Other real estate owned (OREO)		43,216			40,681
Total non-performing loans and OREO		122,639			118,134
Non-performing investments		—			797
Total non-performing assets	$	122,639		$	118,931
Asset quality ratios:
Non-performing loans as a percent of total loans		0.80	%		0.81	%
Non-performing loans + OREO as a percent of total loans + OREO		1.23	%		1.24	%
Non-performing assets as a percent of total assets		0.85	%		0.88	%

The following tables provide an analysis of the aging of the Corporation’s past due loans by class, segregated by loans originated and loans acquired:

	30-89 Days Past Due		>90 Days Past Due and Still Accruing		Non- Accrual		Total Past Due		Current		Total Loans
Originated loans:
March 31, 2014
Commercial real estate	$	6,297	$	243	$	43,385	$	49,925	$	2,627,227	$	2,677,152
Commercial and industrial		2,564		8		4,194		6,766		1,841,566		1,848,332
Commercial leases		1,150		—		744		1,894		159,600		161,494
Total commercial loans and leases		10,011		251		48,323		58,585		4,628,393		4,686,978
Direct installment		7,893		2,876		6,405		17,174		1,369,766		1,386,940
Residential mortgages		8,591		1,406		3,521		13,518		674,520		688,038
Indirect installment		3,762		240		1,259		5,261		669,086		674,347
Consumer lines of credit		2,207		685		531		3,423		845,460		848,883
Other		26		9		—		35		59,177		59,212
	$	32,490	$	5,467	$	60,039	$	97,996	$	8,246,402	$	8,344,398
December 31, 2013
Commercial real estate	$	5,428	$	252	$	40,960	$	46,640	$	2,593,788	$	2,640,428
Commercial and industrial		2,066		8		6,643		8,717		1,752,951		1,761,668
Commercial leases		714		—		734		1,448		157,447		158,895
Total commercial loans and leases		8,208		260		48,337		56,805		4,504,186		4,560,991
Direct installment		9,038		3,753		4,686		17,477		1,370,518		1,387,995
Residential mortgages		12,681		2,401		4,260		19,342		658,885		678,227
Indirect installment		5,653		471		1,060		7,184		642,517		649,701
Consumer lines of credit		1,737		1,076		412		3,225		829,443		832,668
Other		25		10		—		35		45,148		45,183
	$	37,342	$	7,971	$	58,755	$	104,068	$	8,050,697	$	8,154,765

	30-89 Days Past Due		> 90 Days Past Due and Still Accruing		Non- Accrual		Total Past Due (1)		Current		Discount			Total Loans
Acquired Loans:
March 31, 2014
Commercial real estate	$	23,180	$	31,063		—	$	54,243	$	790,425	$	(57,222	)	$	787,446
Commercial and industrial		726		5,296		—		6,022		119,541		(8,830	)		116,733
Commercial leases		—		—		—		—		—		—			—
Total commercial loans and leases		23,906		36,359		—		60,265		909,966		(66,052	)		904,179
Direct installment		1,112		957		—		2,069		76,628		1,921			80,618
Residential mortgages		8,514		20,886		—		29,400		452,306		(33,954	)		447,752
Indirect installment		101		31		—		132		5,032		(593	)		4,571
Consumer lines of credit		1,035		3,396		—		4,431		164,660		(7,473	)		161,618
Other		—		—		—		—		—		—			—
	$	34,668	$	61,629		—	$	96,297	$	1,608,592	$	(106,151	)	$	1,598,738
December 31, 2013
Commercial real estate	$	13,637	$	20,668		—	$	34,305	$	619,197	$	(48,721	)	$	604,781
Commercial and industrial		1,860		1,899		—		3,759		124,415		(8,368	)		119,806
Commercial leases		—		—		—		—		—		—			—
Total commercial loans and leases		15,497		22,567		—		38,064		743,612		(57,089	)		724,587
Direct installment		1,447		1,178		—		2,625		74,917		1,699			79,241
Residential mortgages		11,464		19,298		—		30,762		412,704		(34,954	)		408,512
Indirect installment		205		31		—		236		6,267		(617	)		5,886
Consumer lines of credit		1,592		2,749		—		4,341		135,699		(6,937	)		133,103
Other		—		—		—		—		—		—			—
	$	30,205	$	45,823		—	$	76,028	$	1,373,199	$	(97,898	)	$	1,351,329

(1) Past due information for loans acquired is based on the contractual balance outstanding at March 31, 2014 and December 31, 2013.

The Corporation utilizes the following categories to monitor credit quality within its commercial loan portfolio:

Rating Category	Definition
Pass	in general, the condition of the borrower and the performance of the loan is satisfactory or better
Special Mention	in general, the condition of the borrower has deteriorated, requiring an increased level of monitoring
Substandard	in general, the condition of the borrower has significantly deteriorated and the performance of the loan could further deteriorate if deficiencies are not corrected
Doubtful	in general, the condition of the borrower has significantly deteriorated and the collection in full of both principal and interest is highly questionable or improbable

The use of these internally assigned credit quality categories within the commercial loan portfolio permits management’s use of migration and roll rate analysis to estimate a quantitative portion of credit risk. The Corporation’s internal credit risk grading system is based on past experiences with similarly graded loans and conforms with regulatory categories. In general, loan risk ratings within each category are reviewed on an ongoing basis according to the Corporation’s policy for each class of loans. Each quarter, management analyzes the resulting ratings, as well as other external statistics and factors such as delinquency, to track the migration performance of the commercial loan portfolio. Loans within the Pass credit category or that migrate toward the Pass credit category generally have a lower risk of loss compared to loans that migrate toward the Substandard or Doubtful credit categories. Accordingly, management applies higher risk factors to Substandard and Doubtful credit categories.

The following tables present a summary of the Corporation’s commercial loans by credit quality category, segregated by loans originated and loans acquired:

	Commercial Loan Credit Quality Categories
	Pass		Special Mention		Substandard		Doubtful		Total
Originated Loans:
March 31, 2014
Commercial real estate	$	2,501,710	$	70,417	$	103,838	$	1,187	$	2,677,152
Commercial and industrial		1,688,867		97,558		61,642		265		1,848,332
Commercial leases		158,289		2,182		1,023		—		161,494
	$	4,348,866	$	170,157	$	166,503	$	1,452	$	4,686,978
December 31, 2013
Commercial real estate	$	2,476,988	$	56,140	$	106,599	$	701	$	2,640,428
Commercial and industrial		1,611,530		97,675		52,322		141		1,761,668
Commercial leases		155,991		1,945		959		—		158,895
	$	4,244,509	$	155,760	$	159,880	$	842	$	4,560,991
Acquired Loans:
March 31, 2014
Commercial real estate	$	575,859	$	94,461	$	111,306	$	5,820	$	787,446
Commercial and industrial		98,716		4,265		13,702		50		116,733
Commercial leases		—		—		—		—		—
	$	674,575	$	98,726	$	125,008	$	5,870	$	904,179
December 31, 2013
Commercial real estate	$	442,604	$	74,315	$	85,086	$	2,776	$	604,781
Commercial and industrial		100,743		6,182		12,866		15		119,806
Commercial leases		—		—		—		—		—
	$	543,347	$	80,497	$	97,952	$	2,791	$	724,587

Credit quality information for acquired loans is based on the contractual balance outstanding at March 31, 2014 and December 31, 2013. The increase in acquired loans in 2014 primarily relates to the BCSB acquisition on February 15, 2014.

The Corporation uses payment status and delinquency migration analysis within the consumer and other loan classes to enable management to estimate a quantitative portion of credit risk. Each month, management analyzes payment and volume activity, as well as other external statistics and factors such as unemployment, to determine how consumer loans are performing.

Following is a table showing originated consumer loans by payment status:

	Consumer Loan Credit Quality by Payment Status
	Performing		Non-Performing		Total
March 31, 2014
Direct installment	$	1,374,893	$	12,047	$	1,386,940
Residential mortgages		674,077		13,961		688,038
Indirect installment		672,948		1,399		674,347
Consumer lines of credit		847,961		922		848,883
Other		59,212		—		59,212
December 31, 2013
Direct installment	$	1,377,418	$	10,577	$	1,387,995
Residential mortgages		664,214		14,013		678,227
Indirect installment		648,499		1,202		649,701
Consumer lines of credit		832,071		597		832,668
Other		45,183		—		45,183

Loans are designated as impaired when, in the opinion of management, based on current information and events, the collection of principal and interest in accordance with the loan contract is doubtful. Typically, the Corporation does not consider loans for impairment unless a sustained period of delinquency (i.e., 90-plus days) is noted or there are subsequent events that impact repayment probability (i.e., negative financial trends, bankruptcy filings, imminent foreclosure proceedings, etc.). Impairment is evaluated in the aggregate for consumer installment loans, residential mortgages, consumer lines of credit, commercial leases and commercial loan relationships less than $500. For commercial loan relationships greater than or equal to $500, a specific valuation allowance is allocated, if necessary, so that the loan is reported net, at the present value of estimated future cash flows using a market interest rate or at the fair value of collateral if repayment is expected solely from the collateral. Consistent with the Corporation’s existing method of income recognition for loans, interest on impaired loans, except those classified as non-accrual, is recognized as income using the accrual method. Impaired loans, or portions thereof, are charged off when deemed uncollectible.

Following is a summary of information pertaining to originated loans considered to be impaired, by class of loans:

	Recorded Investment		Unpaid Principal Balance		Specific Related Allowance		Average Recorded Investment
At or For the Three Months Ended March 31, 2014
With no specific allowance recorded:
Commercial real estate	$	36,987	$	50,287	$	—	$	38,730
Commercial and industrial		4,972		6,613		—		6,136
Commercial leases		744		744		—		739
Total commercial loans and leases		42,703		57,644		—		45,605
Direct installment		12,047		12,150		—		11,312
Residential mortgages		13,961		14,507		—		88,787
Indirect installment		1,399		2,861		—		1,301
Consumer lines of credit		922		1,000		—		760
Other		—		—		—		—
With a specific allowance recorded:
Commercial real estate		9,344		19,951		1,087		6,474
Commercial and industrial		181		190		181		152
Commercial leases		—		—		—		—
Total commercial loans and leases		9,525		20,141		1,268		6,626
Direct installment		—		—		—		—
Residential mortgages		—		—		—		—
Indirect installment		—		—		—		—
Consumer lines of credit		—		—		—		—
Other		—		—		—		—
Total:
Commercial real estate		46,331		70,238		1,087		45,204
Commercial and industrial		5,153		6,803		181		6,288
Commercial leases		744		744		—		739
Total commercial loans and leases		52,228		77,785		1,268		52,231
Direct installment		12,047		12,150		—		11,312
Residential mortgages		13,961		14,507		—		88,787
Indirect installment		1,399		2,861		—		1,301
Consumer lines of credit		922		1,000		—		760
Other		—		—		—		—

	Recorded Investment		Unpaid Principal Balance		Specific Related Allowance		Average Recorded Investment
At or For the Year Ended December 31, 2013
With no specific allowance recorded:
Commercial real estate	$	40,472	$	62,034	$	—	$	37,376
Commercial and industrial		7,301		8,669		—		8,304
Commercial leases		734		734		—		758
Total commercial loans and leases		48,507		71,437		—		46,438
Direct installment		10,577		10,830		—		10,557
Residential mortgages		14,012		14,560		—		13,565
Indirect installment		1,202		2,633		—		1,127
Consumer lines of credit		597		668		—		573
Other		—		—		—		—
With a specific allowance recorded:
Commercial real estate		3,603		3,818		701		14,379
Commercial and industrial		122		130		123		126
Commercial leases		—		—		—		—
Total commercial loans and leases		3,725		3,948		824		14,505
Direct installment		—		—		—		—
Residential mortgages		—		—		—		—
Indirect installment		—		—		—		—
Consumer lines of credit		—		—		—		—
Other		—		—		—		—
Total:
Commercial real estate		44,075		65,852		701		51,755
Commercial and industrial		7,423		8,799		123		8,430
Commercial leases		734		734		—		758
Total commercial loans and leases		52,232		75,385		824		60,943
Direct installment		10,577		10,830		—		10,557
Residential mortgages		14,012		14,560		—		13,565
Indirect installment		1,202		2,633		—		1,127
Consumer lines of credit		597		668		—		573
Other		—		—		—		—

Interest income is generally no longer recognized once a loan becomes impaired.

The above tables do not include PCI loans with a recorded investment of $15,221 at March 31, 2014 and $22,192 at December 31, 2013. These tables do not reflect the additional allowance for loan losses relating to acquired loans in the following pools and categories: commercial real estate of $2,612; commercial and industrial of $817; direct installment of $906; residential mortgages of $504; and indirect installment of $257, totaling $5,096 at March 31, 2014 and commercial real estate of $3,093; commercial and industrial of $786; direct installment of $727; residential mortgages of $970 and indirect installment of $324, totaling $5,900 at December 31, 2013.

Troubled Debt Restructurings

TDRs are loans whose contractual terms have been modified in a manner that grants a concession to a borrower experiencing financial difficulties. TDRs typically result from loss mitigation activities and could include the extension of a maturity date, interest rate reduction, principal forgiveness, deferral or decrease in payments for a period of time and other actions intended to minimize the economic loss and to avoid foreclosure or repossession of collateral.

Following is a summary of the composition of total TDRs:

	March 31, 2014		December 31, 2013
Accruing:
Performing	$	10,289	$	10,220
Non-performing		19,384		18,698
Non-accrual		12,389		12,705
	$	42,062	$	41,623

TDRs that are accruing and performing include loans that met the criteria for non-accrual of interest prior to restructuring for which the Corporation can reasonably estimate the timing and amount of the expected cash flows on such loans and for which the Corporation expects to fully collect the new carrying value of the loans. During the three months ended March 31, 2014, the Corporation returned to performing status $3,194 in restructured loans, all of which were secured by residential mortgages that have consistently met their modified obligations for more than six months. TDRs that are accruing and non-performing are comprised of consumer loans that have not demonstrated a consistent repayment pattern on the modified terms for more than six months, however it is expected that the Corporation will collect all future principal and interest payments. TDRs that are on non-accrual are not placed on accruing status until all delinquent principal and interest have been paid and the ultimate collectability of the remaining principal and interest is reasonably assured. Some loan modifications classified as TDRs may not ultimately result in the full collection of principal and interest, as modified, and result in potential incremental losses which are factored into the allowance for loan losses.

Excluding purchased impaired loans, commercial loans over $500 whose terms have been modified in a TDR are generally placed on non-accrual, individually analyzed and measured for estimated impairment based on the fair value of the underlying collateral. The Corporation’s allowance for loan losses included specific reserves for commercial TDRs of $523 and $561 at March 31, 2014 and December 31, 2013, respectively, and pooled reserves for individual loans under $500 of $188 and $193 for those same respective periods, based on historical loss experience. Upon default, the amount of the recorded investment in the TDR in excess of the fair value of the collateral less estimated selling costs is generally considered a confirmed loss and is charged-off against the allowance for loan losses.

All other classes of loans, which are primarily secured by residential properties, whose terms have been modified in a TDR are pooled and measured for estimated impairment based on the expected net present value of the estimated future cash flows of the pool. The Corporation’s allowance for loan losses included pooled reserves for these classes of loans of $1,026 and $1,005 at March 31, 2014 and December 31, 2013, respectively. Upon default of an individual loan, the Corporation’s charge-off policy is followed accordingly for that class of loan.

The majority of TDRs are the result of interest rate concessions for a limited period of time. Following is a summary of loans, by class, that have been restructured during the periods indicated:

	Three Months Ended March 31, 2014						Three Months Ended March 31, 2013
	Number of Contracts		Pre-Modification Outstanding Recorded Investment		Post- Modification Outstanding Recorded Investment		Number of Contracts		Pre-Modification Outstanding Recorded Investment		Post- Modification Outstanding Recorded Investment
Commercial real estate		1	$	188	$	188		5	$	1,029	$	905
Commercial and industrial		1		52		50		—		—		—
Commercial leases		—		—		—		—		—		—
Total commercial loans and leases		2		240		238		5		1,029		905
Direct installment		126		1,678		1,647		110		1,176		1,150
Residential mortgages		9		281		280		14		597		709
Indirect installment		7		17		16		10		56		56
Consumer lines of credit		7		255		255		9		173		172
Other		—		—		—		—		—		—
		151	$	2,471	$	2,436		148	$	3,031	$	2,992

Following is a summary of TDRs, by class of loans, for which there was a payment default, excluding loans that were either charged-off or cured by period end. Default occurs when a loan is 90 days or more past due and is within 12 months of restructuring.

	Three Months Ended March 31, 2014 (1)				Three Months Ended March 31, 2013 (1)
	Number of Contracts		Recorded Investment		Number of Contracts		Recorded Investment
Commercial real estate		—	$	—		—	$	—
Commercial and industrial		—		—		1		33
Commercial leases		—		—		—		—
Total commercial loans and leases		—		—		1		33
Direct installment		18		171		21		170
Residential mortgages		—		—		2		93
Indirect installment		1		—		4		18
Consumer lines of credit		—		—		—		—
Other		—		—		—		—
		19	$	171		28	$	314

(1) The recorded investment is as of period end.

Allowance for Loan Losses

The allowance for loan losses is established as losses are estimated to have occurred through a provision charged to earnings. Loan losses are charged against the allowance for loan losses when management believes the uncollectibility of a loan balance is confirmed. Subsequent recoveries, if any, are credited to the allowance for loan losses. Allowances for impaired loans are generally determined based on collateral values or the present value of estimated cash flows. Changes in the allowance for loan losses related to impaired loans are charged or credited to the provision for loan losses.

The allowance for loan losses is maintained at a level that, in management’s judgment, is believed adequate to absorb probable losses associated with specifically identified loans, as well as estimated probable credit losses inherent in the remainder of the loan portfolio. Adequacy of the allowance for loan losses is based on management’s evaluation of potential loan losses in the loan portfolio, which includes an assessment of past experience, current economic conditions in specific industries and geographic areas, general economic conditions, known and inherent risks in the loan portfolio, the estimated value of underlying collateral and residuals and changes in the composition of the loan portfolio. Determination of the allowance for loan losses is inherently subjective as it requires significant estimates, including the amounts and timing of expected future cash flows on impaired loans, estimated losses on pools of homogeneous loans based on historical loss experience and consideration of current environmental factors and economic trends, all of which are susceptible to significant change.

Credit impaired loans obtained through acquisitions are accounted for under the provisions of ASC 310-30. The Corporation also accounts for certain acquired loans considered performing at the time of acquisition by analogy to ASC 310-30. ASC 310-30 requires the initial recognition of acquired loans at the present value of amounts expected to be received. Any deterioration in the credit quality of acquired loans subsequent to acquisition would be considered in the allowance for loan losses.

Following is a summary of changes in the allowance for loan losses, by loan class:

	Balance at Beginning of Period		Charge- Offs			Recoveries		Net Charge- Offs			Provision for Loan Losses			Balance at End of Period
Three Months Ended March 31, 2014
Commercial real estate	$	32,548	$	(2,223	)	$	299	$	(1,924	)	$	7,910		$	38,534
Commercial and industrial		32,603		(513	)		370		(143	)		(2,489	)		29,971
Commercial leases		1,903		(87	)		29		(58	)		99			1,944
Total commercial loans and leases		67,054		(2,823	)		698		(2,125	)		5,520			70,449
Direct installment		17,824		(2,521	)		267		(2,254	)		1,060			16,630
Residential mortgages		5,836		(132	)		4		(128	)		(401	)		5,307
Indirect installment		6,409		(802	)		217		(585	)		676			6,500
Consumer lines of credit		7,231		(323	)		55		(268	)		695			7,658
Other		530		(262	)		5		(257	)		306			579
Total allowance on originated loans		104,884		(6,863	)		1,246		(5,617	)		7,856			107,123
Purchased credit-impaired loans		1,000		(249	)		—		(249	)		(43	)		708
Other acquired loans		4,900		9			286		295			(807	)		4,388
Total allowance on acquired loans		5,900		(240	)		286		46			(850	)		5,096
Total allowance	$	110,784	$	(7,103	)	$	1,532	$	(5,571	)	$	7,006		$	112,219
Three Months Ended March 31, 2013
Commercial real estate	$	34,810	$	(2,287	)	$	1,427	$	(860	)	$	6,062		$	40,012
Commercial and industrial		31,849		(208	)		356		148			(3,159	)		28,838
Commercial leases		1,744		(57	)		62		5			(53	)		1,696
Total commercial loans and leases		68,403		(2,552	)		1,845		(707	)		2,850			70,546
Direct installment		15,130		(2,345	)		233		(2,112	)		2,082			15,100
Residential mortgages		5,155		(209	)		29		(180	)		3			4,978
Indirect installment		5,449		(810	)		193		(617	)		320			5,152
Consumer lines of credit		6,057		(342	)		87		(255	)		243			6,045
Other		—		(177	)		—		(177	)		860			683
Total allowance on originated loans		100,194		(6,435	)		2,387		(4,048	)		6,358			102,504
Purchased credit-impaired loans		759		(156	)		—		(156	)		(20	)		583
Other acquired loans		3,421		(213	)		204		(9	)		1,203			4,615
Total allowance on acquired loans		4,180		(369	)		204		(165	)		1,183			5,198
Total allowance	$	104,374	$	(6,804	)	$	2,591	$	(4,213	)	$	7,541		$	107,702

Following is a summary of the individual and collective originated allowance for loan losses and corresponding loan balances by class:

	Allowance				Loans Outstanding
	Individually Evaluated for Impairment		Collectively Evaluated for Impairment		Loans		Individually Evaluated for Impairment		Collectively Evaluated for Impairment
March 31, 2014
Commercial real estate	$	1,087	$	37,446	$	2,677,152	$	34,062	$	2,643,090
Commercial and industrial		181		29,791		1,848,332		1,704		1,846,628
Commercial leases		—		1,945		161,494		—		161,494
Total commercial loans and leases		1,268		69,182		4,686,978		35,766		4,651,212
Direct installment		—		16,629		1,386,940		—		1,386,940
Residential mortgages		—		5,307		688,038		—		688,038
Indirect installment		—		6,500		674,347		—		674,347
Consumer lines of credit		—		7,658		848,883		—		848,883
Other		—		579		59,212		—		59,212
	$	1,268	$	105,855	$	8,344,398	$	35,766	$	8,308,632
December 31, 2013
Commercial real estate	$	701	$	31,847	$	2,640,428	$	30,133	$	2,610,295
Commercial and industrial		123		32,480		1,761,668		4,243		1,757,425
Commercial leases		—		1,903		158,895		—		158,895
Total commercial loans and leases		824		66,230		4,560,991		34,376		4,526,615
Direct installment		—		17,824		1,387,995		—		1,387,995
Residential mortgages		—		5,836		678,227		—		678,227
Indirect installment		—		6,409		649,701		—		649,701
Consumer lines of credit		—		7,231		832,668		—		832,668
Other		—		530		45,183		—		45,183
	$	824	$	104,060	$	8,154,765	$	34,376	$	8,120,389

XML

Loans and Allowance for Loan Losses - Summary of Composition of Total TDRs (Detail) (USD $) In Thousands, unless otherwise specified	Mar. 31, 2014	Dec. 31, 2013
Financing Receivable, Modifications [Line Items]
Troubled debt restructurings ("TDRs")	$ 42,062	$ 41,623
Performing [Member]
Financing Receivable, Modifications [Line Items]
Troubled debt restructurings ("TDRs")	10,289	10,220
Non-Performing [Member]
Financing Receivable, Modifications [Line Items]
Troubled debt restructurings ("TDRs")	19,384	18,698
Non-Accrual [Member]
Financing Receivable, Modifications [Line Items]
Troubled debt restructurings ("TDRs")	$ 12,389	$ 12,705

XML

Retirement Plans - Additional Information (Detail) (USD $) In Thousands, unless otherwise specified	3 Months Ended		12 Months Ended
	Mar. 31, 2014 RetirementPlans	Mar. 31, 2013	Dec. 31, 2008
Disclosure Retirement Plans [Abstract]
Number of supplemental non-qualified retirement plans sponsored by the Corporation	2
Consecutive calendar years used to calculate BRP benefits			5 years
Term of employment for consideration of BRP			10 years
Annuity equivalent of contribution to defined contribution plan deducted from monthly benefit of basic retirement plan	3.00%
Percent of employer match	100.00%
Employee contribution percentage	4.00%
Additional automatic contribution increase, percentage	3.00%
Additional discretionary contribution, performance goals, percentage	2.00%
Contribution expense of the Corporation	$ 2,570	$ 2,335

XML

Loans and Allowance for Loan Losses - Summary of Troubled Debt Restructurings by Class of Loans, Payment Default (Detail) (USD $) In Thousands, unless otherwise specified	3 Months Ended
	Mar. 31, 2014 Contract		Mar. 31, 2013 Contract
Financing Receivable, Modifications [Line Items]
Number of Contracts	19	[1]	28	[1]
Recorded Investment	$ 171	[1]	$ 314	[1]
Commercial Real Estate [Member]
Financing Receivable, Modifications [Line Items]
Number of Contracts				[1]
Recorded Investment		[1]
Commercial and Industrial [Member]
Financing Receivable, Modifications [Line Items]
Number of Contracts			1	[1]
Recorded Investment			33	[1]
Total Commercial Loans and Leases [Member]
Financing Receivable, Modifications [Line Items]
Number of Contracts			1	[1]
Recorded Investment			33	[1]
Direct Installment [Member]
Financing Receivable, Modifications [Line Items]
Number of Contracts	18	[1]	21	[1]
Recorded Investment	171	[1]	170	[1]
Residential Mortgages [Member]
Financing Receivable, Modifications [Line Items]
Number of Contracts			2	[1]
Recorded Investment			93	[1]
Indirect Installment [Member]
Financing Receivable, Modifications [Line Items]
Number of Contracts	1	[1]	4	[1]
Recorded Investment			18	[1]
Consumer Lines of Credit [Member]
Financing Receivable, Modifications [Line Items]
Number of Contracts				[1]
Recorded Investment		[1]

[1] The recorded investment is as of period end.

XML

Loans and Allowance for Loan Losses - Summary of Impaired Loans, by Class (Detail) (USD $) In Thousands, unless otherwise specified	3 Months Ended	12 Months Ended
	Mar. 31, 2014	Dec. 31, 2013
Financial Receivables Impaired Or Restructured [Line Items]
With allowance recorded, Specific Related Allowance	$ 1,268	$ 824
Recorded Investment	9,525
Specific Related Allowance	1,268
Commercial Real Estate [Member]
Financial Receivables Impaired Or Restructured [Line Items]
With no allowance recorded, Recorded Investment	36,987	40,472
With no allowance recorded, Unpaid Principal Balance	50,287	62,034
With no allowance recorded, Specific Related Allowance
With no allowance recorded, Average Recorded Investment	38,730	37,376
With allowance recorded, Recorded Investment	9,344	3,603
With allowance recorded, Unpaid Principal Balance	19,951	3,818
With allowance recorded, Specific Related Allowance	1,087	701
With allowance recorded, Average Recorded Investment	6,474	14,379
Recorded Investment	46,331	44,075
Unpaid Principal Balance	70,238	65,852
Specific Related Allowance	1,087	701
Average Recorded Investment	45,204	51,755
Commercial and Industrial [Member]
Financial Receivables Impaired Or Restructured [Line Items]
With no allowance recorded, Recorded Investment	4,972	7,301
With no allowance recorded, Unpaid Principal Balance	6,613	8,669
With no allowance recorded, Specific Related Allowance
With no allowance recorded, Average Recorded Investment	6,136	8,304
With allowance recorded, Recorded Investment	181	122
With allowance recorded, Unpaid Principal Balance	190	130
With allowance recorded, Specific Related Allowance	181	123
With allowance recorded, Average Recorded Investment	152	126
Recorded Investment	5,153	7,423
Unpaid Principal Balance	6,803	8,799
Specific Related Allowance	181	123
Average Recorded Investment	6,288	8,430
Commercial Leases [Member]
Financial Receivables Impaired Or Restructured [Line Items]
With no allowance recorded, Recorded Investment	744	734
With no allowance recorded, Unpaid Principal Balance	744	734
With no allowance recorded, Specific Related Allowance
With no allowance recorded, Average Recorded Investment	739	758
With allowance recorded, Recorded Investment
With allowance recorded, Unpaid Principal Balance
With allowance recorded, Specific Related Allowance
With allowance recorded, Average Recorded Investment
Recorded Investment	744	734
Unpaid Principal Balance	744	734
Average Recorded Investment	739	758
Total Commercial Loans and Leases [Member]
Financial Receivables Impaired Or Restructured [Line Items]
With no allowance recorded, Recorded Investment	42,703	48,507
With no allowance recorded, Unpaid Principal Balance	57,644	71,437
With no allowance recorded, Specific Related Allowance
With no allowance recorded, Average Recorded Investment	45,605	46,438
With allowance recorded, Recorded Investment	9,525	3,725
With allowance recorded, Unpaid Principal Balance	20,141	3,948
With allowance recorded, Specific Related Allowance	1,268	824
With allowance recorded, Average Recorded Investment	6,626	14,505
Recorded Investment	52,228	52,232
Unpaid Principal Balance	77,785	75,385
Specific Related Allowance	1,268	824
Average Recorded Investment	52,231	60,943
Direct Installment [Member]
Financial Receivables Impaired Or Restructured [Line Items]
With no allowance recorded, Recorded Investment	12,047	10,577
With no allowance recorded, Unpaid Principal Balance	12,150	10,830
With no allowance recorded, Specific Related Allowance
With no allowance recorded, Average Recorded Investment	11,312	10,557
Recorded Investment	12,047	10,577
Unpaid Principal Balance	12,150	10,830
Average Recorded Investment	11,312	10,557
Residential Mortgages [Member]
Financial Receivables Impaired Or Restructured [Line Items]
With no allowance recorded, Recorded Investment	13,961	14,012
With no allowance recorded, Unpaid Principal Balance	14,507	14,560
With no allowance recorded, Specific Related Allowance
With no allowance recorded, Average Recorded Investment	88,787	13,565
Recorded Investment	13,961	14,012
Unpaid Principal Balance	14,507	14,560
Average Recorded Investment	88,787	13,565
Indirect Installment [Member]
Financial Receivables Impaired Or Restructured [Line Items]
With no allowance recorded, Recorded Investment	1,399	1,202
With no allowance recorded, Unpaid Principal Balance	2,861	2,633
With no allowance recorded, Specific Related Allowance
With no allowance recorded, Average Recorded Investment	1,301	1,127
Recorded Investment	1,399	1,202
Unpaid Principal Balance	2,861	2,633
Average Recorded Investment	1,301	1,127
Consumer Lines of Credit [Member]
Financial Receivables Impaired Or Restructured [Line Items]
With no allowance recorded, Recorded Investment	922	597
With no allowance recorded, Unpaid Principal Balance	1,000	668
With no allowance recorded, Specific Related Allowance
With no allowance recorded, Average Recorded Investment	760	573
Recorded Investment	922	597
Unpaid Principal Balance	1,000	668
Average Recorded Investment	760	573
Other [Member]
Financial Receivables Impaired Or Restructured [Line Items]
With no allowance recorded, Recorded Investment
With no allowance recorded, Unpaid Principal Balance
With no allowance recorded, Specific Related Allowance
With no allowance recorded, Average Recorded Investment
Recorded Investment
Unpaid Principal Balance
Specific Related Allowance
Average Recorded Investment

XML

Earnings Per Common Share - Additional Information (Detail)	3 Months Ended
	Mar. 31, 2014	Mar. 31, 2013
Earnings Per Share [Abstract]
Common stock excluded from computation of diluted earnings per common share	51,641	71,555

XML

DERIVATIVE INSTRUMENTS (Tables)

3 Months Ended

Mar. 31, 2014

Derivative Instruments And Hedging Activities Disclosure [Abstract]

Offsetting of Derivative Assets

	Gross Amount		Gross Amounts Offset in the Balance Sheet		Net Amount Presented in the Balance Sheet
Offsetting of Derivative Assets:
March 31, 2014
Derivative assets subject to master netting arrangement:
Interest rate contracts	$	2,172		—	$	2,172
Equity contracts		41		—		41
Derivative assets not subject to master netting arrangement:
Interest rate contracts		31,079		—		31,079
Total derivative assets	$	33,292		—	$	33,292
December 31, 2013
Derivative assets subject to master netting arrangement:
Interest rate contracts	$	3,547		—	$	3,547
Equity contracts		32		—		32
Derivative assets not subject to master netting arrangement:
Interest rate contracts		29,738		—		29,738
Total derivative assets	$	33,317		—	$	33,317

Offsetting of Derivative Liabilities

Offsetting of Derivative Liabilities:
March 31, 2014
Derivative liabilities subject to master netting arrangement:
Interest rate contracts	$	38,332	—	$	38,332
Derivative liabilities not subject to master netting arrangement:
Interest rate contracts		1,792	—		1,792
Equity contracts		41	—		41
Total derivative liabilities	$	40,165	—	$	40,165
December 31, 2013
Derivative liabilities subject to master netting arrangement:
Interest rate contracts	$	40,323	—	$	40,323
Derivative liabilities not subject to master netting arrangement:
Interest rate contracts		3,014	—		3,014
Equity contracts		32	—		32
Total derivative liabilities	$	43,369	—	$	43,369

Derivative Assets

			Gross Amounts Not Offset in the Balance Sheet
	Net Amount Presented in the Balance Sheet		Financial Instruments		Cash Collateral Received		Net Amount
Derivative Assets:
March 31, 2014
Counterparty B	$	17	$	17	$	—	$	—
Counterparty D		246		246		—		—
Counterparty E		1,046		1,046		—		—
Counterparty F		233		233		—		—
Counterparty G		133		133		—		—
Counterparty I		405		405		—		—
Counterparty J		133		—		133		—
	$	2,213	$	2,080	$	133		—
December 31, 2013
Counterparty B	$	24	$	24	$	—	$	—
Counterparty D		566		566		—		—
Counterparty E		1,696		1,696		—		—
Counterparty F		355		273		—		82
Counterparty G		251		251		—		—
Counterparty I		634		634		—		—
Counterparty J		53		—		53		—
	$	3,579	$	3,444	$	53	$	82

Derivative Liabilities

Derivative Liabilities:
March 31, 2014
Counterparty A	$	4,682	$	4,682	$	—	$	—
Counterparty B		3,005		3,005		—
Counterparty C		1,356		1,356		—		—
Counterparty D		8,855		8,855		—		—
Counterparty E		5,093		5,093		—		—
Counterparty F		15		15		—		—
Counterparty G		4,804		4,804		—		—
Counterparty H		2,119		—		—		2,119
Counterparty I		5,731		5,731		—		—
Counterparty J		2,672		—		2,672		—
	$	38,332	$	33,541	$	2,672	$	2,119
December 31, 2013
Counterparty A	$	4,934	$	4,934	$	—	$	—
Counterparty B		3,249		3,249		—		—
Counterparty C		1,431		1,431		—		—
Counterparty D		9,614		9,614		—		—
Counterparty E		6,257		6,257		—		—
Counterparty F		13		13		—		—
Counterparty G		5,309		5,309		—		—
Counterparty H		2,257		125		—		2,132
Counterparty I		5,649		5,649		—		—
Counterparty J		1,610		—		1,610		—
	$	40,323	$	36,581	$	1,610	$	2,132

Effect of Corporation's Derivative Financial Instruments on Income Statement

The following table presents the effect of the Corporation’s derivative financial instruments on the income statement:

	Income		Three Months Ended
	Statement		March 31,
	Location		2014			2013
Interest Rate Products		Other income	$	(14	)	$	136

XML

Securities - Summaries of Fair Values and Unrealized Losses of Securities, Segregated by Length of Impairment (Detail) (USD $) In Thousands, unless otherwise specified	Mar. 31, 2014 Security	Dec. 31, 2013 Security
Schedule Of Securities [Line Items]
Number of available for sale securities, Less than 1 year	56	54
Number of available for sale securities, Greater than 1 year	8	14
Number of available for sale securities	64	68
Securities Available For Sale, Less than 12 Months, Fair Value	$ 837,940	$ 734,257
Securities Available For Sale, Less than 12 Months, Unrealized Losses	(14,714)	(26,101)
Securities Available For Sale, 12 Months or More, Fair Value	74,286	48,144
Securities Available For Sale, 12 Months or More, Unrealized Losses	(4,567)	(13,194)
Securities Available For Sale, Fair Value, Total	912,226	782,401
Securities Available For Sale, Unrealized Losses, Total	(19,281)	(39,295)
Number of held to maturity securities	78	80
Securities Held To Maturity, Less than 12 Months, Fair Value	698,818	669,220
Securities Held To Maturity, Less than 12 Months, Unrealized Losses	(13,945)	(24,379)
Securities Held To Maturity, Greater than 12 Months, Fair Value	82,658	15,674
Securities Held To Maturity, Greater than 12 Months, Unrealized Losses	(4,102)	(711)
Securities Held To Maturity, Fair Value, Total	781,476	684,894
Securities Held To Maturity, Unrealized Losses, Total	(18,047)	(25,090)
Less than 12 Months [Member]
Schedule Of Securities [Line Items]
Number of held to maturity securities	72	78
Greater than 12 Months [Member]
Schedule Of Securities [Line Items]
Number of held to maturity securities	6	2
U.S. Government-Sponsored Entities [Member]
Schedule Of Securities [Line Items]
Number of available for sale securities, Less than 1 year	18	17
Number of available for sale securities, Greater than 1 year
Number of available for sale securities	18	17
Securities Available For Sale, Less than 12 Months, Fair Value	249,631	232,962
Securities Available For Sale, Less than 12 Months, Unrealized Losses	(3,699)	(5,904)
Securities Available For Sale, 12 Months or More, Fair Value
Securities Available For Sale, 12 Months or More, Unrealized Losses
Securities Available For Sale, Fair Value, Total	249,631	232,962
Securities Available For Sale, Unrealized Losses, Total	(3,699)	(5,904)
Number of held to maturity securities	8	3
Securities Held To Maturity, Less than 12 Months, Fair Value	73,748	24,513
Securities Held To Maturity, Less than 12 Months, Unrealized Losses	(788)	(530)
Securities Held To Maturity, Greater than 12 Months, Fair Value	14,504	14,378
Securities Held To Maturity, Greater than 12 Months, Unrealized Losses	(496)	(621)
Securities Held To Maturity, Fair Value, Total	88,252	38,891
Securities Held To Maturity, Unrealized Losses, Total	(1,284)	(1,151)
U.S. Government-Sponsored Entities [Member] | Less than 12 Months [Member]
Schedule Of Securities [Line Items]
Number of held to maturity securities	7	2
U.S. Government-Sponsored Entities [Member] | Greater than 12 Months [Member]
Schedule Of Securities [Line Items]
Number of held to maturity securities	1	1
Agency Mortgage-Backed Securities [Member]
Schedule Of Securities [Line Items]
Number of available for sale securities, Less than 1 year	11	9
Number of available for sale securities, Greater than 1 year
Number of available for sale securities	11	9
Securities Available For Sale, Less than 12 Months, Fair Value	177,722	108,284
Securities Available For Sale, Less than 12 Months, Unrealized Losses	(905)	(1,303)
Securities Available For Sale, 12 Months or More, Fair Value
Securities Available For Sale, 12 Months or More, Unrealized Losses
Securities Available For Sale, Fair Value, Total	177,722	108,284
Securities Available For Sale, Unrealized Losses, Total	(905)	(1,303)
Number of held to maturity securities	24	25
Securities Held To Maturity, Less than 12 Months, Fair Value	347,721	308,864
Securities Held To Maturity, Less than 12 Months, Unrealized Losses	(3,745)	(5,942)
Securities Held To Maturity, Greater than 12 Months, Fair Value	1,304	1,296
Securities Held To Maturity, Greater than 12 Months, Unrealized Losses	(72)	(90)
Securities Held To Maturity, Fair Value, Total	349,025	310,160
Securities Held To Maturity, Unrealized Losses, Total	(3,817)	(6,032)
Agency Mortgage-Backed Securities [Member] | Less than 12 Months [Member]
Schedule Of Securities [Line Items]
Number of held to maturity securities	23	24
Agency Mortgage-Backed Securities [Member] | Greater than 12 Months [Member]
Schedule Of Securities [Line Items]
Number of held to maturity securities	1	1
Agency Collateralized Mortgage Obligations [Member]
Schedule Of Securities [Line Items]
Number of available for sale securities, Less than 1 year	24	26
Number of available for sale securities, Greater than 1 year	4	2
Number of available for sale securities	28	28
Securities Available For Sale, Less than 12 Months, Fair Value	398,335	389,989
Securities Available For Sale, Less than 12 Months, Unrealized Losses	(9,937)	(18,644)
Securities Available For Sale, 12 Months or More, Fair Value	68,266	34,229
Securities Available For Sale, 12 Months or More, Unrealized Losses	(3,706)	(2,150)
Securities Available For Sale, Fair Value, Total	466,601	424,218
Securities Available For Sale, Unrealized Losses, Total	(13,643)	(20,794)
Number of held to maturity securities	24	21
Securities Held To Maturity, Less than 12 Months, Fair Value	249,082	301,312
Securities Held To Maturity, Less than 12 Months, Unrealized Losses	(8,442)	(15,844)
Securities Held To Maturity, Greater than 12 Months, Fair Value	66,850
Securities Held To Maturity, Greater than 12 Months, Unrealized Losses	(3,534)
Securities Held To Maturity, Fair Value, Total	315,932	301,312
Securities Held To Maturity, Unrealized Losses, Total	(11,976)	(15,844)
Agency Collateralized Mortgage Obligations [Member] | Less than 12 Months [Member]
Schedule Of Securities [Line Items]
Number of held to maturity securities	20	21
Agency Collateralized Mortgage Obligations [Member] | Greater than 12 Months [Member]
Schedule Of Securities [Line Items]
Number of held to maturity securities	4
Commercial Mortgage-Backed Securities [Member]
Schedule Of Securities [Line Items]
Number of available for sale securities, Less than 1 year	1
Number of available for sale securities, Greater than 1 year
Number of available for sale securities	1
Securities Available For Sale, Less than 12 Months, Fair Value	9,129
Securities Available For Sale, Less than 12 Months, Unrealized Losses	(24)
Securities Available For Sale, 12 Months or More, Fair Value
Securities Available For Sale, 12 Months or More, Unrealized Losses
Securities Available For Sale, Fair Value, Total	9,129
Securities Available For Sale, Unrealized Losses, Total	(24)
Number of held to maturity securities	1	1
Securities Held To Maturity, Less than 12 Months, Fair Value	1,005	984
Securities Held To Maturity, Less than 12 Months, Unrealized Losses	(15)	(37)
Securities Held To Maturity, Greater than 12 Months, Fair Value
Securities Held To Maturity, Greater than 12 Months, Unrealized Losses
Securities Held To Maturity, Fair Value, Total	1,005	984
Securities Held To Maturity, Unrealized Losses, Total	(15)	(37)
Commercial Mortgage-Backed Securities [Member] | Less than 12 Months [Member]
Schedule Of Securities [Line Items]
Number of held to maturity securities	1	1
Commercial Mortgage-Backed Securities [Member] | Greater than 12 Months [Member]
Schedule Of Securities [Line Items]
Number of held to maturity securities
States of the U.S. and Political Subdivisions [Member]
Schedule Of Securities [Line Items]
Number of available for sale securities, Less than 1 year	2	2
Number of available for sale securities, Greater than 1 year
Number of available for sale securities	2	2
Securities Available For Sale, Less than 12 Months, Fair Value	3,123	3,022
Securities Available For Sale, Less than 12 Months, Unrealized Losses	(149)	(250)
Securities Available For Sale, 12 Months or More, Fair Value
Securities Available For Sale, 12 Months or More, Unrealized Losses
Securities Available For Sale, Fair Value, Total	3,123	3,022
Securities Available For Sale, Unrealized Losses, Total	(149)	(250)
Number of held to maturity securities	21	27
Securities Held To Maturity, Less than 12 Months, Fair Value	27,262	31,537
Securities Held To Maturity, Less than 12 Months, Unrealized Losses	(955)	(2,022)
Securities Held To Maturity, Greater than 12 Months, Fair Value
Securities Held To Maturity, Greater than 12 Months, Unrealized Losses
Securities Held To Maturity, Fair Value, Total	27,262	31,537
Securities Held To Maturity, Unrealized Losses, Total	(955)	(2,022)
States of the U.S. and Political Subdivisions [Member] | Less than 12 Months [Member]
Schedule Of Securities [Line Items]
Number of held to maturity securities	21	27
States of the U.S. and Political Subdivisions [Member] | Greater than 12 Months [Member]
Schedule Of Securities [Line Items]
Number of held to maturity securities
Other Debt Securities [Member]
Schedule Of Securities [Line Items]
Number of available for sale securities, Less than 1 year
Number of available for sale securities, Greater than 1 year	4	4
Number of available for sale securities	4	4
Securities Available For Sale, Less than 12 Months, Fair Value
Securities Available For Sale, Less than 12 Months, Unrealized Losses
Securities Available For Sale, 12 Months or More, Fair Value	6,020	5,950
Securities Available For Sale, 12 Months or More, Unrealized Losses	(861)	(929)
Securities Available For Sale, Fair Value, Total	6,020	5,950
Securities Available For Sale, Unrealized Losses, Total	(861)	(929)
Collateralized Debt Obligations [Member]
Schedule Of Securities [Line Items]
Number of available for sale securities, Less than 1 year
Number of available for sale securities, Greater than 1 year		8
Number of available for sale securities		8
Securities Available For Sale, Less than 12 Months, Fair Value
Securities Available For Sale, Less than 12 Months, Unrealized Losses
Securities Available For Sale, 12 Months or More, Fair Value		7,965
Securities Available For Sale, 12 Months or More, Unrealized Losses		(10,115)
Securities Available For Sale, Fair Value, Total		7,965
Securities Available For Sale, Unrealized Losses, Total		(10,115)
Non-Agency Collateralized Mortgage Obligations [Member]
Schedule Of Securities [Line Items]
Number of held to maturity securities		3
Securities Held To Maturity, Less than 12 Months, Fair Value		2,010
Securities Held To Maturity, Less than 12 Months, Unrealized Losses		(4)
Securities Held To Maturity, Greater than 12 Months, Fair Value
Securities Held To Maturity, Greater than 12 Months, Unrealized Losses
Securities Held To Maturity, Fair Value, Total		2,010
Securities Held To Maturity, Unrealized Losses, Total		$ (4)
Non-Agency Collateralized Mortgage Obligations [Member] | Less than 12 Months [Member]
Schedule Of Securities [Line Items]
Number of held to maturity securities		3
Non-Agency Collateralized Mortgage Obligations [Member] | Greater than 12 Months [Member]
Schedule Of Securities [Line Items]
Number of held to maturity securities

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STOCK INCENTIVE PLANS

3 Months Ended

Mar. 31, 2014

Disclosure Of Compensation Related Costs Sharebased Payments [Abstract]

STOCK INCENTIVE PLANS

STOCK INCENTIVE PLANS

Restricted Stock

The Corporation issues restricted stock awards, consisting of both restricted stock and restricted stock units, to key employees under its Incentive Compensation Plans (Plans). The grant date fair value of the restricted stock awards is equal to the price of the Corporation’s common stock on the grant date. For the three months ended March 31, 2014, the Corporation did not issue any restricted stock awards. For the three months ended March 31, 2013, the Corporation issued 295,705 restricted stock awards with aggregate weighted average grant date fair values of $3,472, under these Plans. As of March 31, 2014, the Corporation had available up to 2,467,326 shares of common stock to issue under these Plans.

Under the Plans, more than half of the restricted stock awards granted to management are earned if the Corporation meets or exceeds certain financial performance results when compared to its peers. These performance-related awards are expensed ratably from the date that the likelihood of meeting the performance measure is probable through the end of a four-year vesting period. The service-based awards are expensed ratably over a three-year vesting period. The Corporation also issues discretionary service-based awards to certain employees that vest over five years.

The unvested restricted stock awards are eligible to receive cash dividends or dividend equivalents which are ultimately used to purchase additional shares of stock. Any additional shares of stock received as a result of cash dividends are subject to forfeiture if the requisite service period is not completed or the specified performance criteria are not met. These awards are subject to certain accelerated vesting provisions upon retirement, death, disability or in the event of a change of control as defined in the award agreements.

Share-based compensation expense related to restricted stock awards was $532 and $1,083 for the three months ended March 31, 2014 and 2013, the tax benefit of which was $186 and $379, respectively.

The following table summarizes certain information concerning restricted stock awards:

	Three Months Ended March 31,
	2014					2013
	Awards			Weighted Average Grant Price		Awards			Weighted Average Grant Price
Unvested awards outstanding at beginning of period		1,729,033		$	10.23		1,913,073		$	9.17
Granted		—			—		295,705			11.74
Net adjustment due to performance		(19,002	)		8.48		—			—
Vested		(667,956	)		9.01		(734,130	)		7.90
Forfeited		(430	)		10.69		(622	)		9.23
Dividend reinvestment		9,612			13.01		12,008			11.78
Unvested awards outstanding at end of period		1,051,257			11.06		1,486,034			10.34

The total fair value of awards vested was $8,631 and $8,259 for the three months ended March 31, 2014 and 2013, respectively.

As of March 31, 2014, there was $4,159 of unrecognized compensation cost related to unvested restricted stock awards, including $56 that is subject to accelerated vesting under the Plan’s immediate vesting upon retirement provision for awards granted prior to the adoption of ASC 718, Compensation – Stock Compensation. The components of the restricted stock awards as of March 31, 2014 are as follows:

	Service- Based Awards		Performance- Based Awards		Total
Unvested awards		262,189		789,068		1,051,257
Unrecognized compensation expense	$	1,390	$	2,769	$	4,159
Intrinsic value	$	3,516	$	10,574	$	14,090
Weighted average remaining life (in years)		1.91		2.02		1.99

Stock Options

The Corporation did not grant stock options during the three months ended March 31, 2014 or 2013. All outstanding stock options were granted at prices equal to the fair market value at the date of the grant, are primarily exercisable within ten years from the date of the grant and are fully vested. The Corporation issues shares of treasury stock or authorized but unissued shares to satisfy stock options exercised. Shares issued upon the exercise of stock options were 87,332 for the three months ended March 31, 2014. No stock options were exercised during the three months ended March 31, 2013.

The following table summarizes certain information concerning stock option awards:

	Three Months Ended March 31,
	2014					2013
	Shares			Weighted Average Exercise Price		Shares			Weighted Average Exercise Price
Options outstanding at beginning of period		533,524		$	11.50		640,050		$	13.21
Assumed from acquisition		304,785			5.77		—			—
Exercised		(87,332	)		6.05		—			—
Forfeited		(48,172	)		25.79		(263,589	)		14.92
Options outstanding and exercisable at end of period		702,805			8.71		376,461			12.01

The intrinsic value of outstanding and exercisable stock options at March 31, 2014 was $3,012.

Warrants

In conjunction with its participation in the UST’s CPP, the Corporation issued to the UST a warrant to purchase up to 1,302,083 shares of the Corporation’s common stock. Pursuant to Section 13(H) of the Warrant to Purchase Common Stock, the number of shares of common stock issuable upon exercise of the warrant was reduced in half to 651,042 shares on June 16, 2009, the date the Corporation completed a public offering. The warrant, which expires in 2019, has an exercise price of $11.52 per share.

In conjunction with the Parkvale Financial Corporation (Parkvale) acquisition on January 1, 2012, the warrant issued by Parkvale to the UST under the CPP has been converted into a warrant to purchase up to 819,640 shares of the Corporation’s common stock. This warrant, which was recorded at its fair value on January 1, 2012, expires in 2018 and has an exercise price of $5.81 per share.

In conjunction with the ANNB acquisition, the warrant issued by ANNB to the UST under the CPP has been converted into a warrant to purchase up to 342,564 shares of the Corporation’s common stock. The warrant, which was recorded at its fair value on April 6, 2013, expires in 2019 and has an exercise price of $3.57 per share.

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CASH FLOW INFORMATION

3 Months Ended

Mar. 31, 2014

Supplemental Cash Flow Elements [Abstract]

CASH FLOW INFORMATION

CASH FLOW INFORMATION

Following is a summary of supplemental cash flow information:

Three Months Ended March 31	2014		2013
Interest paid on deposits and other borrowings	$	10,576	$	13,489
Income taxes paid		—		—
Transfers of loans to other real estate owned		4,849		3,271
Financing of other real estate owned sold		—		113

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Business Segments - Financial Information for Segments of Corporation (Detail) (USD $) In Thousands, unless otherwise specified	3 Months Ended
	Mar. 31, 2014	Mar. 31, 2013	Dec. 31, 2013
Segment Reporting Information [Line Items]
Interest income	$ 117,880	$ 105,118
Interest expense	10,055	12,022
Net interest income	107,825	93,096
Provision for loan losses	7,006	7,541
Non-interest income	42,070	33,612
Non-interest expense	91,883	76,877
Intangible amortization	2,283	1,925
Income tax expense (benefit)	14,199	11,827
Net income (loss)	34,524	28,538
Total assets	14,476,510	11,997,990	13,563,405
Total intangibles	856,812	711,420
Operating Segments [Member] | Community Banking [Member]
Segment Reporting Information [Line Items]
Interest income	106,691	94,051
Interest expense	8,248	8,918
Net interest income	98,443	85,133
Provision for loan losses	5,296	5,820
Non-interest income	31,913	23,698
Non-interest expense	76,866	62,968
Intangible amortization	2,110	1,748
Income tax expense (benefit)	13,343	11,172
Net income (loss)	32,741	27,123
Total assets	14,299,543	11,816,414
Total intangibles	833,642	687,545
Operating Segments [Member] | Wealth Management [Member]
Segment Reporting Information [Line Items]
Interest income
Interest expense
Net interest income
Provision for loan losses
Non-interest income	7,323	7,115
Non-interest expense	6,292	6,086
Intangible amortization	72	76
Income tax expense (benefit)	351	350
Net income (loss)	608	603
Total assets	19,542	18,520
Total intangibles	10,936	11,236
Operating Segments [Member] | Insurance [Member]
Segment Reporting Information [Line Items]
Interest income	25	28
Interest expense
Net interest income	25	28
Provision for loan losses
Non-interest income	4,210	3,559
Non-interest expense	3,046	2,811
Intangible amortization	101	101
Income tax expense (benefit)	385	239
Net income (loss)	703	436
Total assets	19,954	19,141
Total intangibles	10,425	10,830
Operating Segments [Member] | Consumer Finance [Member]
Segment Reporting Information [Line Items]
Interest income	9,365	9,016
Interest expense	846	856
Net interest income	8,519	8,160
Provision for loan losses	1,457	1,527
Non-interest income	660	629
Non-interest expense	4,937	4,516
Intangible amortization
Income tax expense (benefit)	1,073	1,048
Net income (loss)	1,712	1,698
Total assets	182,018	175,710
Total intangibles	1,809	1,809
Parent and Other [Member]
Segment Reporting Information [Line Items]
Interest income	1,799	2,023
Interest expense	961	2,248
Net interest income	838	(225)
Provision for loan losses	253	194
Non-interest income	(2,036)	(1,389)
Non-interest expense	742	496
Intangible amortization
Income tax expense (benefit)	(953)	(982)
Net income (loss)	(1,240)	(1,322)
Total assets	(44,547)	(31,795)
Total intangibles

XML

Securities - Additional Information (Detail) (USD $) In Thousands, unless otherwise specified	3 Months Ended
	Mar. 31, 2014 Security Securities	Mar. 31, 2013	Dec. 31, 2013
Schedule Of Securities [Line Items]
Number of pooled issue securities	23
Net proceeds from sale of securities	$ 85,877	$ 21,919
Gain on sale of securities	9,461	684
Securities pledged to secure public deposits, trust deposits and for other purposes, carrying value	946,173		909,548
Securities pledged as collateral for short-term borrowings, carrying value	811,881		860,279
Number of single-issuer securities	4
Estimated fair value of single-issue trust preferred securities	6,020
Amortized cost of single-issue trust preferred securities	6,881
Impairment losses on securities	0	0
Municipal bond portfolio, value	146,011
Percent of municipal bond portfolio rated A or better	98.50%
Percent of municipal bond portfolio, general obligation bonds	98.90%
Average holding size of municipal bond	1,000
Percent of portfolio with credit support	69.20%
State of Pennsylvania [Member]
Schedule Of Securities [Line Items]
Percent of municipal bonds	80.90%
Pooled TPS [Member]
Schedule Of Securities [Line Items]
Net proceeds from sale of securities	51,540
Gain on sale of securities	$ 13,766

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BUSINESS SEGMENTS (Tables)

3 Months Ended

Mar. 31, 2014

Segment Reporting [Abstract]

Financial Information for Segments of Corporation

The following tables provide financial information for these segments of the Corporation. The information provided under the caption “Parent and Other” represents operations not considered to be reportable segments and/or general operating expenses of the Corporation, and includes the parent company, other non-bank subsidiaries and eliminations and adjustments which are necessary for purposes of reconciliation to the consolidated amounts.

	Community Banking		Wealth Management		Insurance		Consumer Finance		Parent and Other			Consolidated
At or for the Three Months Ended March 31, 2014
Interest income	$	106,691	$	—	$	25	$	9,365	$	1,799		$	117,880
Interest expense		8,248		—		—		846		961			10,055
Net interest income		98,443		—		25		8,519		838			107,825
Provision for loan losses		5,296		—		—		1,457		253			7,006
Non-interest income		31,913		7,323		4,210		660		(2,036	)		42,070
Non-interest expense		76,866		6,292		3,046		4,937		742			91,883
Intangible amortization		2,110		72		101		—		—			2,283
Income tax expense (benefit)		13,343		351		385		1,073		(953	)		14,199
Net income (loss)		32,741		608		703		1,712		(1,240	)		34,524
Total assets		14,299,543		19,542		19,954		182,018		(44,547	)		14,476,510
Total intangibles		833,642		10,936		10,425		1,809		—			856,812
At or for the Three Months Ended March 31, 2013
Interest income	$	94,051	$	—	$	28	$	9,016	$	2,023		$	105,118
Interest expense		8,918		—		—		856		2,248			12,022
Net interest income		85,133		—		28		8,160		(225	)		93,096
Provision for loan losses		5,820		—		—		1,527		194			7,541
Non-interest income		23,698		7,115		3,559		629		(1,389	)		33,612
Non-interest expense		62,968		6,086		2,811		4,516		496			76,877
Intangible amortization		1,748		76		101		—		—			1,925
Income tax expense (benefit)		11,172		350		239		1,048		(982	)		11,827
Net income (loss)		27,123		603		436		1,698		(1,322	)		28,538
Total assets		11,816,414		18,520		19,141		175,710		(31,795	)		11,997,990
Total intangibles		687,545		11,236		10,830		1,809		—			711,420

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Consolidated Statement of Stockholders' Equity (Unaudited) (USD $) In Thousands, unless otherwise specified	Total	Preferred Stock [Member]	Common Stock [Member]	Additional Paid-In Capital [Member]	Retained Earnings [Member]	Accumulated Other Comprehensive Income (Loss) [Member]	Treasury Stock [Member]
Balance at Dec. 31, 2012	$ 1,402,069		$ 1,398	$ 1,376,601	$ 75,312	$ (46,224)	$ (5,018)
Net income	28,538				28,538
Change in other comprehensive income (loss), net of tax	(974)					(974)
Dividends declared:
Preferred stock
Common stock: $0.12/share	(16,927)				(16,927)
Issuance of common stock	(1,779)		8	155			(1,942)
Restricted stock compensation	1,083			1,083
Tax benefit of stock-based compensation	1,247			1,247
Balance at Mar. 31, 2013	1,413,257		1,406	1,379,086	86,923	(47,198)	(6,960)
Balance at Dec. 31, 2013	1,774,383	106,882	1,592	1,608,117	121,870	(56,924)	(7,154)
Net income	34,524				34,524
Change in other comprehensive income (loss), net of tax	12,883					12,883
Dividends declared:
Preferred stock	(2,322)				(2,322)
Common stock: $0.12/share	(20,016)				(20,016)
Issuance of common stock	2,347		12	5,939	(228)		(3,376)
Issuance of common stock - acquisitions	81,397		67	81,330
Restricted stock compensation	567			567
Tax benefit of stock-based compensation	1,224			1,224
Balance at Mar. 31, 2014	$ 1,884,987	$ 106,882	$ 1,671	$ 1,697,177	$ 133,828	$ (44,041)	$ (10,530)

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Comprehensive Income - Components of Comprehensive Income, Net of Related Tax (Parenthetical) (Detail) (USD $) In Thousands, unless otherwise specified	3 Months Ended
	Mar. 31, 2014	Mar. 31, 2013
Components Of Comprehensive Income [Abstract]
Securities available for sale, Unrealized gains (losses) arising during the period, tax expense (benefit)	$ 5,681	$ (99)
Securities available for sale, Reversal of non-credit related losses on debt securities not expected to be sold, tax expense	3,335
Securities available for sale, Reclassification adjustment for gains included in net income, tax expense	3,311	239
Unrealized gains (losses) on derivative instruments arising during the period, tax expense (benefit)	1,117	(373)
Unrealized gains on pension and postretirement benefit obligations arising during the period, tax expense	$ 117	$ 188

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USE OF ESTIMATES

3 Months Ended

Mar. 31, 2014

Text Block [Abstract]

USE OF ESTIMATES

USE OF ESTIMATES

The accounting and reporting policies of the Corporation conform with GAAP. The preparation of financial statements in conformity with GAAP requires management to make estimates and assumptions that affect the amounts reported in the consolidated financial statements and accompanying notes. Actual results could materially differ from those estimates. Material estimates that are particularly susceptible to significant changes include the allowance for loan losses, securities valuations, goodwill and other intangible assets and income taxes.

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Loans and Allowance for Loan Losses - Summary of Information about Corporation's Purchased Credit-Impaired Loans (Detail) (USD $) In Thousands, unless otherwise specified	3 Months Ended	12 Months Ended
	Mar. 31, 2014	Dec. 31, 2013
Accounts, Notes, Loans and Financing Receivable [Line Items]
Balance at beginning of period	$ 305,646	$ 254,153
Accretion	15,913	37,078
Reclass from non-accretable difference	768	16,393
Disposals/transfers	(944)	(592)
Balance at end of period	276,863	305,646
Recorded Investment [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Balance at beginning of period	22,192	16,623
Acquisitions		15,260
Accretion	1,264	3,556
Payments received	(7,603)	(9,325)
Reclass from non-accretable difference
Disposals/transfers	(632)	(3,922)
Contractual interest
Balance at end of period	15,221	22,192
Accretable Yield [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Balance at beginning of period	(7,456)	(778)
Acquisitions		(2,505)
Accretion	1,264	3,556
Payments received
Reclass from non-accretable difference	(332)	(8,097)
Disposals/transfers	759	368
Contractual interest
Balance at end of period	(5,765)	(7,456)
Expected Cash Flows [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Balance at beginning of period	29,648	17,401
Acquisitions		17,765
Accretion
Payments received	(7,603)	(9,325)
Reclass from non-accretable difference	332	8,097
Disposals/transfers	(1,391)	(4,290)
Contractual interest
Balance at end of period	20,896	29,648
Non-Accretable Difference [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Balance at beginning of period	(26,852)	(23,733)
Acquisitions		(24,266)
Accretion
Payments received	437	1,345
Reclass from non-accretable difference	332	8,097
Disposals/transfers	1,129	14,405
Contractual interest	(869)	(2,700)
Balance at end of period	(25,823)	(26,852)
Outstanding Balance [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Balance at beginning of period	56,500	41,134
Acquisitions		42,031
Accretion
Payments received	(8,040)	(10,670)
Reclass from non-accretable difference
Disposals/transfers	(2,520)	(18,695)
Contractual interest	869	2,700
Balance at end of period	$ 46,809	$ 56,500

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Stock Incentive Plans - Summary of Information Concerning Restricted Stock Awards (Detail) (USD $)	3 Months Ended
	Mar. 31, 2014	Mar. 31, 2013
Disclosure Of Compensation Related Costs Sharebased Payments [Abstract]
Awards, Unvested awards outstanding at beginning of period	1,729,033	1,913,073
Awards, Granted		295,705
Awards, Net adjustment due to performance	(19,002)
Awards, Vested	(667,956)	(734,130)
Awards, Forfeited	(430)	(622)
Awards, Dividend reinvestment	9,612	12,008
Awards, Unvested awards outstanding at end of period	1,051,257	1,486,034
Weighted Average Grant Price per Share, Unvested awards outstanding at beginning of period	$ 10.23	$ 9.17
Weighted Average Grant Price per Share, Granted		$ 11.74
Weighted Average Grant Price per Share, Net adjustment due to performance	$ 8.48
Weighted Average Grant Price per Share, Vested	$ 9.01	$ 7.90
Weighted Average Grant Price per Share, Forfeited	$ 10.69	$ 9.23
Weighted Average Grant Price per Share, Dividend reinvestment	$ 13.01	$ 11.78
Weighted Average Grant Price per Share, Unvested awards outstanding at end of period	$ 11.06	$ 10.34

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Borrowings - Summary of Short-Term Borrowings (Detail) (USD $) In Thousands, unless otherwise specified	Mar. 31, 2014	Dec. 31, 2013
Debt Disclosure [Abstract]
Securities sold under repurchase agreements	$ 787,712	$ 841,741
Federal funds purchased	300,000	270,000
Subordinated notes	128,912	129,498
Short-term borrowings	$ 1,216,624	$ 1,241,239

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BUSINESS SEGMENTS

3 Months Ended

Mar. 31, 2014

Segment Reporting [Abstract]

BUSINESS SEGMENTS

BUSINESS SEGMENTS

The Corporation operates in four reportable segments: Community Banking, Wealth Management, Insurance and Consumer Finance.

• The Community Banking segment provides commercial and consumer banking services. Commercial banking solutions include corporate banking, small business banking, investment real estate financing, asset based lending, capital markets and lease financing. Consumer banking products and services include deposit products, mortgage lending, consumer lending and a complete suite of mobile and online banking services.

• The Wealth Management segment provides a broad range of personal and corporate fiduciary services including the administration of decedent and trust estates. In addition, it offers various alternative products, including securities brokerage and investment advisory services, mutual funds and annuities.

• The Insurance segment includes a full-service insurance agency offering all lines of commercial and personal insurance through major carriers. The Insurance segment also includes a reinsurer.

• The Consumer Finance segment primarily makes installment loans to individuals and purchases installment sales finance contracts from retail merchants. The Consumer Finance segment activity is funded through the sale of the Corporation’s subordinated notes at the finance company’s branch offices.

The following tables provide financial information for these segments of the Corporation. The information provided under the caption “Parent and Other” represents operations not considered to be reportable segments and/or general operating expenses of the Corporation, and includes the parent company, other non-bank subsidiaries and eliminations and adjustments which are necessary for purposes of reconciliation to the consolidated amounts.

	Community Banking		Wealth Management		Insurance		Consumer Finance		Parent and Other			Consolidated
At or for the Three Months Ended March 31, 2014
Interest income	$	106,691	$	—	$	25	$	9,365	$	1,799		$	117,880
Interest expense		8,248		—		—		846		961			10,055
Net interest income		98,443		—		25		8,519		838			107,825
Provision for loan losses		5,296		—		—		1,457		253			7,006
Non-interest income		31,913		7,323		4,210		660		(2,036	)		42,070
Non-interest expense		76,866		6,292		3,046		4,937		742			91,883
Intangible amortization		2,110		72		101		—		—			2,283
Income tax expense (benefit)		13,343		351		385		1,073		(953	)		14,199
Net income (loss)		32,741		608		703		1,712		(1,240	)		34,524
Total assets		14,299,543		19,542		19,954		182,018		(44,547	)		14,476,510
Total intangibles		833,642		10,936		10,425		1,809		—			856,812
At or for the Three Months Ended March 31, 2013
Interest income	$	94,051	$	—	$	28	$	9,016	$	2,023		$	105,118
Interest expense		8,918		—		—		856		2,248			12,022
Net interest income		85,133		—		28		8,160		(225	)		93,096
Provision for loan losses		5,820		—		—		1,527		194			7,541
Non-interest income		23,698		7,115		3,559		629		(1,389	)		33,612
Non-interest expense		62,968		6,086		2,811		4,516		496			76,877
Intangible amortization		1,748		76		101		—		—			1,925
Income tax expense (benefit)		11,172		350		239		1,048		(982	)		11,827
Net income (loss)		27,123		603		436		1,698		(1,322	)		28,538
Total assets		11,816,414		18,520		19,141		175,710		(31,795	)		11,997,990
Total intangibles		687,545		11,236		10,830		1,809		—			711,420

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Derivative Instruments - Additional Information (Detail) (USD $) In Thousands, unless otherwise specified	Mar. 31, 2014	Dec. 31, 2013
Derivative [Line Items]
Notional amount of swaps	$ 840,190
Fair value of derivatives, in a net liability position	37,545	38,239
Collateral with derivative counterparties, fair value	35,068	37,427
Cash collateral posted	3,472	1,976
Additional amount in excess of posted collateral required in case of breached agreements	2,199	2,224
Swap [Member] | Short [Member]
Derivative [Line Items]
Number of swaps	318
Swap [Member] | Long [Member]
Derivative [Line Items]
Number of swaps	284
Notional amount of swaps	$ 1,040,190

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COMPREHENSIVE INCOME (Tables)

3 Months Ended

Mar. 31, 2014

Equity [Abstract]

Components of Comprehensive Income, Net of Related Tax

The components of comprehensive income, net of related tax, are as follows:

	Three Months Ended
	March 31,
	2014			2013
Net income	$	34,524		$	28,538
Other comprehensive income (loss):
Securities available for sale:
Unrealized gains (losses) arising during the period, net of tax expense (benefit) of $5,681 and $(99)		10,550			(184	)
Reversal of non-credit related losses on debt securities not expected to be sold, net of tax expense of $3,335		6,192			—
Reclassification adjustment for gains included in net income, net of tax expense of $3,311 and $239		(6,150	)		(445	)
Derivative instruments:
Unrealized gains (losses) arising during the period, net of tax expense (benefit) of $1,117 and $(373)		2,074			(694	)
Pension and postretirement benefit obligations:
Unrealized gains arising during the period, net of tax expense of $117 and $188		217			349
Other comprehensive income (loss)		12,883			(974	)
Comprehensive income	$	47,407		$	27,564

Changes in Accumulated Other Comprehensive Income, Net of Tax, by Component

The following table presents changes in accumulated other comprehensive income, net of tax, by component:

	Unrealized Net Gains (Losses) on Securities Available for Sale			Non-Credit Related Loss on Debt Securities not Expected  to be Sold			Unrealized Losses on Derivative Instruments			Unrecognized Pension and Postretirement Obligations			Total
Three Months Ended March 31, 2014
Balance at beginning of period	$	(11,874	)	$	(6,192	)	$	(6,586	)	$	(32,272	)	$	(56,924	)
Other comprehensive income (loss) before reclassifications		10,550			6,192			2,074			217			19,033
Amounts reclassified from accumulated other comprehensive income		(6,150	)		—			—			—			(6,150	)
Net current period other comprehensive income (loss)		4,400			6,192			2,074			217			12,883
Balance at end of period	$	(7,474	)	$	—		$	(4,512	)	$	(32,055	)	$	(44,041	)

Summary of Reclassifications Out of Accumulated Other Comprehensive Income

The following table presents a summary of the reclassifications out of accumulated other comprehensive income:

Three Months Ended March 31, 2014

Details About Accumulated Other Comprehensive Income Component	Amount Reclassified from Other Comprehensive Income			Affected Line Item in the Statement where Net Income is Presented
Unrealized net gains on securities available for sale (1)	$	(9,461	)	Net securities gains
		(3,311	)	Tax expense
	$	(6,150	)

(1) For additional detail related to unrealized net gains on securities available for sale and related amounts reclassified from accumulated other comprehensive income see the “Securities” note in this Report.

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COMMITMENTS, CREDIT RISK AND CONTINGENCIES

3 Months Ended

Mar. 31, 2014

Commitments And Contingencies Disclosure [Abstract]

COMMITMENTS, CREDIT RISK AND CONTINGENCIES

COMMITMENTS, CREDIT RISK AND CONTINGENCIES

The Corporation has commitments to extend credit and standby letters of credit that involve certain elements of credit risk in excess of the amount stated in the consolidated balance sheet. The Corporation’s exposure to credit loss in the event of non-performance by the customer is represented by the contractual amount of those instruments. The credit risk associated with loan commitments and standby letters of credit is essentially the same as that involved in extending loans to customers and is subject to normal credit policies. Since many of these commitments expire without being drawn upon, the total commitment amounts do not necessarily represent future cash flow requirements.

Following is a summary of off-balance sheet credit risk information:

	March 31, 2014		December 31, 2013
Commitments to extend credit	$	3,103,359	$	2,897,748
Standby letters of credit		118,281		114,298

At March 31, 2014, funding of 76.1% of the commitments to extend credit was dependent on the financial condition of the customer. The Corporation has the ability to withdraw such commitments at its discretion. Commitments generally have fixed expiration dates or other termination clauses and may require payment of a fee. Based on management’s credit evaluation of the customer, collateral may be deemed necessary. Collateral requirements vary and may include accounts receivable, inventory, property, plant and equipment and income-producing commercial properties.

Standby letters of credit are conditional commitments issued by the Corporation that may require payment at a future date. The credit risk involved in issuing letters of credit is quantified on a quarterly basis, through the review of historical performance of the Corporation’s portfolios and allocated as a liability on the Corporation’s balance sheet.

The Corporation and its subsidiaries are involved in various pending and threatened legal proceedings in which claims for monetary damages and other relief are asserted. These actions include claims brought against the Corporation and its subsidiaries where the Corporation or a subsidiary acted as one or more of the following: a depository bank, lender, underwriter, fiduciary, financial advisor, broker or was engaged in other business activities. Although the ultimate outcome for any asserted claim cannot be predicted with certainty, the Corporation believes that it and its subsidiaries have valid defenses for all asserted claims. Reserves are established for legal claims when losses associated with the claims are judged to be probable and the amount of the loss can be reasonably estimated.

Based on information currently available, advice of counsel, available insurance coverage and established reserves, the Corporation does not anticipate, at the present time, that the aggregate liability, if any, arising out of such legal proceedings will have a material adverse effect on the Corporation’s consolidated financial position. However, the Corporation cannot determine whether or not any claims asserted against it will have a material adverse effect on its consolidated results of operations in any future reporting period.