10-Q

UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

WASHINGTON, D.C. 20549

FORM 10-Q

x QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934

For the quarterly period ended March 31, 2015

OR

¨ 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 0-13089

HANCOCK HOLDING COMPANY

(Exact name of registrant as specified in its charter)

Mississippi	64-0693170
(State or other jurisdiction of incorporation or organization)	(I.R.S. Employer Identification Number)

One Hancock Plaza, P.O. Box 4019, Gulfport, Mississippi	39502
(Address of principal executive offices)	(Zip Code)

(228) 868-4000

(Registrant’s telephone number, including area code)

NOT APPLICABLE

(Former name, address and 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 corporate Web site, if any, every Interactive Data File required to be submitted and posted pursuant to Rule 405 of Regulation S-T 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, or 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

Indicate the number of shares outstanding of each of the issuer’s classes of common stock, as of the latest practicable date. 77,891,909 common shares were outstanding as of May 1, 2015.

Hancock Holding Company

Index

		Page Number
Part I. Financial Information
ITEM 1.	Financial Statements
	Consolidated Balance Sheets — March 31, 2015 (unaudited) and December 31, 2014		1
	Consolidated Statements of Income (unaudited) — Three months ended March 31, 2015 and 2014		2
	Consolidated Statements of Comprehensive Income (unaudited) — Three months ended March  31, 2015 and 2014		3
	Consolidated Statements of Changes in Stockholders’ Equity (unaudited)  — Three months ended March 31, 2015 and 2014		4
	Consolidated Statements of Cash Flows (unaudited) — Three months ended March 31, 2015 and 2014		5
	Notes to Consolidated Financial Statements (unaudited) — March 31, 2015		6-48
ITEM 2.	Management’s Discussion and Analysis of Financial Condition and Results of Operations		49-72
ITEM 3.	Quantitative and Qualitative Disclosures about Market Risk		72
ITEM 4.	Controls and Procedures		73
Part II. Other Information
ITEM 1.	Legal Proceedings		73
ITEM 1A.	Risk Factors		73
ITEM 2.	Unregistered Sales of Equity Securities and Use of Proceeds		74
ITEM 3.	Default on Senior Securities		N/A
ITEM 4.	Mine Safety Disclosures		N/A
ITEM 5.	Other Information		N/A
ITEM 6	Exhibits		74
Signatures			76

Part I. Financial Information

Item 1. Financial Statements

Hancock Holding Company and Subsidiaries

Consolidated Balance Sheets

(in thousands, except share data)	March 31 2015			December 31 2014
ASSETS		unaudited
Cash and due from banks	$	333,736		$	356,455
Interest-bearing bank deposits		515,025			801,576
Federal funds sold		772			1,372
Securities available for sale, at fair value (amortized cost of $1,792,947 and $1,631,761)		1,825,608			1,660,165
Securities held to maturity (fair value of $2,316,118 and $2,186,340)		2,282,296			2,166,289
Loans held for sale		19,950			20,252
Loans		13,924,386			13,895,276
Less: allowance for loan losses		(128,386	)		(128,762	)
Loans, net		13,796,000			13,766,514
Property and equipment, net of accumulated depreciation of $200,424 and $193,527		399,762			398,384
Prepaid expenses		28,221			28,277
Other real estate, net		41,701			58,415
Accrued interest receivable		48,473			47,501
Goodwill		621,193			621,193
Other intangible assets, net		125,404			132,810
Life insurance contracts		429,412			426,617
FDIC loss share receivable		49,897			60,272
Deferred tax asset, net		69,495			74,335
Other assets		137,566			126,839
Total assets	$	20,724,511		$	20,747,266
LIABILITIES AND STOCKHOLDERS’ EQUITY
Deposits:
Noninterest-bearing	$	6,201,403		$	5,945,208
Interest-bearing		10,659,082			10,627,623
Total deposits		16,860,485			16,572,831
Short-term borrowings		755,250			1,151,573
Long-term debt		516,007			374,371
Accrued interest payable		6,609			4,204
Other liabilities		161,062			171,885
Total liabilities		18,299,413			18,274,864
Stockholders’ equity
Common stock — $3.33 par value per share; 350,000,000 shares authorized, 77,886,120 and 80,426,485 shares outstanding		259,361			267,820
Capital surplus		1,701,377			1,689,291
Treasury shares at cost — 8,917,814 and 7,053,028, respectively		(234,002	)		(158,131	)
Retained earnings		744,131			723,496
Accumulated other comprehensive (loss), net		(45,769	)		(50,074	)
Total stockholders’ equity		2,425,098			2,472,402
Total liabilities and stockholders’ equity	$	20,724,511		$	20,747,266

See notes to consolidated financial statements.

1

Hancock Holding Company and Subsidiaries

Consolidated Statements of Income

(Unaudited)

	Three Months Ended March 31,
(in thousands, except per share data)	2015			2014
Interest income:
Loans, including fees	$	146,967		$	150,982
Loans held for sale		96			195
Securities-taxable		20,790			22,708
Securities-tax exempt		880			1,027
Federal funds sold and other short term investments		354			228
Total interest income		169,087			175,140
Interest expense:
Deposits		7,126			5,352
Short-term borrowings		172			1,049
Long-term debt and other interest expense		3,631			3,177
Total interest expense		10,929			9,578
Net interest income		158,158			165,562
Provision for loan losses		6,154			7,963
Net interest income after provision for loan losses		152,004			157,599
Noninterest income:
Service charges on deposit accounts		17,315			18,712
Trust fees		11,200			10,238
Bank card and ATM fees		11,183			10,569
Investment and annuity fees		5,050			4,952
Secondary mortgage market operations		2,664			1,965
Insurance commissions and fees		1,754			3,744
Amortization of FDIC loss share receivable		(1,197	)		(3,908	)
Other income		8,244			10,427
Securities transactions gains, net		333			—
Total noninterest income		56,546			56,699
Noninterest expense:
Compensation expense		65,017			67,165
Employee benefits		15,634			14,267
Personnel expense		80,651			81,432
Net occupancy expense		11,177			11,266
Equipment expense		3,935			4,274
Data processing expense		13,556			12,419
Professional services expense		15,370			6,409
Amortization of intangibles		6,318			7,038
Telecommunications and postage		3,651			3,583
Deposit insurance and regulatory fees		3,595			2,967
Other real estate expense, net		456			1,777
Other expense		14,806			15,817
Total noninterest expense		153,515			146,982
Income before income taxes		55,035			67,316
Income taxes		14,876			18,201
Net income	$	40,159		$	49,115
Basic earnings per common share	$	0.49		$	0.58
Diluted earnings per common share	$	0.49		$	0.58
Dividends paid per share	$	0.24		$	0.24
Weighted average shares outstanding-basic		79,496			82,277
Weighted average shares outstanding-diluted		79,661			82,534

See notes to unaudited consolidated financial statements.

2

Hancock Holding Company and Subsidiaries

Consolidated Statements of Comprehensive Income

(Unaudited)

	Three Months Ended March 31,
(in thousands)	2015		2014
Net income	$	40,159	$	49,115
Other comprehensive income:
Net change in unrealized gains		5,413		4,514
Reclassification adjustment for net losses realized and included in earnings		605		53
Amortization of unrealized net gain on securities transferred to held to maturity		647		665
Other comprehensive income, before income taxes		6,665		5,232
Income tax expense		2,360		1,842
Other comprehensive income net of income taxes		4,305		3,390
Comprehensive income	$	44,464	$	52,505

See notes to unaudited consolidated financial statements.

3

Hancock Holding Company and Subsidiaries

Consolidated Statements of Changes in Stockholders’ Equity

(Unaudited)

(in thousands, except share data)	Common Stock						Capital Surplus		Retained Earnings			Accumulated Other Comprehensive Income (Loss), net			Treasury Stock			Total
	Shares			Amount
Balance, January 1, 2014		82,237,162		$	273,850		$	1,647,467	$	628,166		$	(35,379	)	$	(89,035	)	$	2,425,069
Net income		—			—			—		49,115			—			—			49,115
Other comprehensive income		—			—			—		—			3,390			—			3,390
Comprehensive income		—			—			—		49,115			3,390			—			52,505
Cash dividends declared ($0.24 per common share)		—			—			—		(20,219	)		—			—			(20,219	)
Common stock activity, long-term incentive plan		44,895			149			4,294		—			—			736			5,179
Balance, March 31, 2014		82,282,057		$	273,999		$	1,651,761	$	657,062		$	(31,989	)	$	(88,299	)	$	2,462,534
Balance, January 1, 2015		80,426,485		$	267,820		$	1,689,291	$	723,496		$	(50,074	)	$	(158,131	)	$	2,472,402
Net income		—			—			—		40,159			—			—			40,159
Other comprehensive income		—			—			—		—			4,305			—			4,305
Comprehensive income		—			—			—		40,159			4,305			—			44,464
Cash dividends declared ($0.24 per common share)		—			—			—		(19,524	)		—			—			(19,524	)
Common stock activity, long-term incentive plan		23,242			78			12,086		—			—			(9,138	)		3,026
Purchase of common stock under stock buyback program		(2,563,607	)		(8,537	)		—		—			—			(66,733	)		(75,270	)
Balance, March 31, 2015		77,886,120		$	259,361		$	1,701,377	$	744,131		$	(45,769	)	$	(234,002	)	$	2,425,098

See notes to unaudited consolidated financial statements.

4

Hancock Holding Company and Subsidiaries

Consolidated Statements of Cash Flows

(Unaudited)

	Three Months Ended March 31,
(in thousands)	2015			2014
CASH FLOWS FROM OPERATING ACTIVITIES:
Net income	$	40,159		$	49,115
Adjustments to reconcile net income to net cash provided by operating activities:
Depreciation and amortization		7,218			7,899
Provision for loan losses		6,154			7,963
(Gain) loss on other real estate owned		(248	)		1,388
Deferred tax expense		9,252			13,182
Increase in cash surrender value of life insurance contracts		(2,596	)		(2,282	)
Gain on disposal of other assets		(7	)		(1,682	)
Net decrease in loans held for sale		356			9,264
Net amortization of securities premium/discount		4,223			4,236
Amortization of intangible assets		6,318			7,038
Amortization of FDIC indemnification asset		1,197			3,908
Stock-based compensation expense		3,071			3,832
Decrease in interest payable and other liabilities		(8,577	)		(7,814	)
Net payments from FDIC for loss share claims		7,580			—
Increase in FDIC loss share receivable		(1,188	)		(1,414	)
(Increase) decrease in other assets		(6,657	)		6,545
Other, net		(949	)		1,947
Net cash provided by operating activities		65,306			103,125
CASH FLOWS FROM INVESTING ACTIVITIES:
Proceeds from sales of securities		9,221			1,301
Proceeds from maturities of securities available for sale		468,358			76,221
Purchases of securities available for sale		(638,861	)		(24,703	)
Proceeds from maturities of securities held to maturity		88,381			183,363
Purchases of securities held to maturity		(207,849	)		—
Net decrease (increase) in interest-bearing bank deposits		286,551			(12,086	)
Net decrease in federal funds sold and short-term investments		600			553
Net increase in loans		(36,137	)		(217,289	)
Purchases of property and equipment		(8,609	)		(6,111	)
Proceeds from sales of property and equipment		—			6,562
Proceeds from sales of other real estate		21,969			11,348
Other, net		(4,582	)		758
Net cash (used in) provided by investing activities		(20,958	)		19,917
CASH FLOWS FROM FINANCING ACTIVITIES:
Net increase (decrease) in deposits		287,654			(85,742	)
Net (decrease) increase in short-term borrowings		(396,323	)		54,674
Repayments of long-term debt		(8,800	)		(8,955	)
Net proceeds from issuance of long-term debt		145,196			3,130
Dividends paid		(19,524	)		(20,219	)
Purchase of common stock under stock buyback program		(75,270	)		—
Proceeds from exercise of stock options		—			654
Net cash used in financing activities		(67,067	)		(56,458	)
NET (DECREASE) INCREASE IN CASH AND DUE FROM BANKS		(22,719	)		66,584
CASH AND DUE FROM BANKS, BEGINNING		356,455			348,440
CASH AND DUE FROM BANKS, ENDING	$	333,736		$	415,024
SUPPLEMENTAL INFORMATION FOR NON-CASH INVESTING AND FINANCING ACTIVITIES
Assets acquired in settlement of loans	$	4,161		$	6,337

See notes to unaudited consolidated financial statements.

5

Hancock Holding Company and Subsidiaries

Notes to Consolidated Financial Statements

(Unaudited)

1. Basis of Presentation

The consolidated financial statements include the accounts of Hancock Holding Company and all other entities in which it has a controlling interest (the “Company”). The financial statements include all adjustments that are, in the opinion of management, necessary to present fairly the Company’s financial condition, results of operations, changes in stockholders’ equity and cash flows for the interim periods presented. Some financial information and disclosures normally included in financial statements prepared in accordance with accounting principles generally accepted in the U.S. (“GAAP”) have been condensed or omitted in this Form 10-Q pursuant to Securities and Exchange Commission rules and regulations. These financial statements should be read in conjunction with the audited consolidated financial statements and the notes thereto included in the Company’s Annual Report on Form 10-K for the year ended December 31, 2014. Financial information reported in these financial statements is not necessarily indicative of the Company’s financial condition, results of operations, or cash flows for any other interim or annual period.

Use of Estimates

The accounting principles the Company follows and the methods for applying these principles conform with GAAP and with those generally practiced within the banking industry. These accounting principles require management to make estimates and assumptions about future events that affect the amounts reported in the consolidated financial statements and the accompanying notes. Actual results could differ from those estimates.

Critical Accounting Policies and Estimates

There were no material changes or developments with respect to methodologies that the Company uses when applying what management believes are critical accounting policies and developing critical accounting estimates as disclosed in our Annual Report on Form 10-K for the year ended December 31, 2014.

6

Hancock Holding Company and Subsidiaries

Notes to Consolidated Financial Statements

(Unaudited)

2. Securities

The amortized cost and fair value of securities classified as available for sale and held to maturity follow:

Securities Available for Sale
(in thousands)	March 31, 2015								December 31, 2014
	Amortized Cost		Gross Unrealized Gains		Gross Unrealized Losses		Fair Value		Amortized Cost		Gross Unrealized Gains		Gross Unrealized Losses		Fair Value
US Treasury and government agency securities	$	100,182	$	—	$	766	$	99,416	$	300,207	$	372	$	71	$	300,508
Municipal obligations		12,734		231		—		12,965		13,995		186		5		14,176
Mortgage-backed securities		1,441,474		35,262		1,947		1,474,789		1,217,293		31,094		2,823		1,245,564
CMOs		232,545		378		811		232,112		88,093		—		1,229		86,864
Corporate debt securities		3,500		—		—		3,500		3,500		—		—		3,500
Equity securities		2,512		322		8		2,826		8,673		891		11		9,553
	$	1,792,947	$	36,193	$	3,532	$	1,825,608	$	1,631,761	$	32,543	$	4,139	$	1,660,165

Securities Held to Maturity
(in thousands)	March 31, 2015								December 31, 2014
	Amortized Cost		Gross Unrealized Gains		Gross Unrealized Losses		Fair Value		Amortized Cost		Gross Unrealized Gains		Gross Unrealized Losse		Fair Value
US Treasury and government agency securities	$	200,000	$	99	$	149		199,950	$	—	$	—	$	—	$	—
Municipal obligations		183,206		4,003		634		186,575		180,615		3,416		1,144		182,887
Mortgage-backed securities		873,729		28,061		—		901,790		899,923		23,897		162		923,658
CMOs		1,025,361		8,443		6,001		1,027,803		1,085,751		5,590		11,546		1,079,795
	$	2,282,296	$	40,606	$	6,784	$	2,316,118	$	2,166,289	$	32,903	$	12,852	$	2,186,340

7

Hancock Holding Company and Subsidiaries

Notes to Consolidated Financial Statements

(Unaudited)

2. Securities (continued)

The following table presents the amortized cost and fair value of debt securities at March 31, 2015 by contractual maturity. Actual maturities will differ from contractual maturities because of rights to call or repay obligations with or without penalties and scheduled and unscheduled principal payments on mortgage-backed securities and CMOs.

(in thousands)	Amortized Cost		Fair Value
Debt Securities Available for Sale
Due in one year or less	$	105,262	$	104,516
Due after one year through five years		136,962		138,138
Due after five years through ten years		232,151		240,235
Due after ten years		1,316,060		1,339,893
Total available for sale debt securities	$	1,790,435	$	1,822,782

	Amortized Cost		Fair Value
Debt Securities Held to Maturity
Due in one year or less	$	425,253	$	427,208
Due after one year through five years		387,765		386,448
Due after five years through ten years		108,198		108,110
Due after ten years		1,361,080		1,394,352
Total held to maturity securities	$	2,282,296	$	2,316,118

The Company held no securities classified as trading at March 31, 2015 or December 31, 2014.

The details for securities classified as available for sale with unrealized losses for the periods indicated follow:

March 31, 2015	Losses < 12 months				Losses 12 months or >				Total
(in thousands)	Fair Value		Gross Unrealized Losses		Fair Value		Gross Unrealized Losses		Fair Value		Unrealized Gross Losses
US Treasury and government agency securities	$	99,249	$	765	$	106	$	1	$	99,355	$	766
Mortgage-backed securities		23,484		152		124,102		1,795		147,586		1,947
CMOs		104,199		105		37,979		706		142,178		811
Equity securities		1,848		6		2		2		1,850		8
	$	228,780	$	1,028	$	162,189	$	2,504	$	390,969	$	3,532

8

Hancock Holding Company and Subsidiaries

Notes to Consolidated Financial Statements

(Unaudited)

2. Securities (continued)

December 31, 2014	Losses < 12 months				Losses 12 months or >				Total
(in thousands)	Fair Value		Gross Unrealized Losses		Fair Value		Gross Unrealized Losses		Fair Value		Gross Unrealized Losses
US Treasury and government agency securities	$	99,950	$	70	$	121	$	1	$	100,071	$	71
Municipal obligations		2,995		5		—		—		2,995		5
Mortgage-backed securities		38,955		163		125,641		2,660		164,596		2,823
CMOs		—		—		86,864		1,229		86,864		1,229
Equity securities		5,998		10		3		1		6,001		11
	$	147,898	$	248	$	212,629	$	3,891	$	360,527	$	4,139

The details for securities classified as held to maturity with unrealized losses for the periods indicated follow:

Held to maturity March 31, 2015	Losses < 12 months				Losses 12 months or >				Total
(in thousands)	Fair Value		Gross Unrealized Losses		Fair Value		Gross Unrealized Losses		Fair Value		Gross Unrealized Losses
US Treasury and government agency securities	$	99,851	$	149	$	—	$	—	$	99,851	$	149
Municipal obligations		8,757		17		49,110		617		57,867		634
CMOs		84,621		429		387,944		5,572		472,565		6,001
	$	193,229	$	595	$	437,054	$	6,189	$	630,283	$	6,784

Held to maturity December 31, 2014	Losses < 12 months				Losses 12 months or >				Total
(in thousands)	Fair Value		Gross Unrealized Losses		Fair Value		Gross Unrealized Losses		Fair Value		Gross Unrealized Losses
Municipal obligations	$	4,316	$	12	$	58,105	$	1,132	$	62,421	$	1,144
Mortgage-backed securities		—		—		95,522		162		95,522		162
CMOs		119,222		616		540,607		10,930		659,829		11,546
	$	123,538	$	628	$	694,234	$	12,224	$	817,772	$	12,852

9

Hancock Holding Company and Subsidiaries

Notes to Consolidated Financial Statements

(Unaudited)

2. Securities (continued)

The unrealized losses relate to changes in market rates on fixed-rate debt securities since the respective purchase dates. In all cases, the indicated impairment would be recovered no later than the security’s maturity date or possibly earlier if the market price for the security increases with a reduction in the yield required by the market. None of the unrealized losses relate to the marketability of the securities or the issuer’s ability to meet contractual obligations. The Company believes it has adequate liquidity and, therefore, does not plan to and, more likely than not, will not be required to sell these securities before recovery of the indicated impairment. Accordingly, the unrealized losses on these securities have been determined to be temporary.

Securities with carrying values totaling $3.0 billion at March 31, 2015 and $3.2 billion at December 31, 2014 were pledged as collateral primarily to secure public deposits or securities sold under agreements to repurchase.

10

Hancock Holding Company and Subsidiaries

Notes to Consolidated Financial Statements

(Unaudited)

3. Loans and Allowance for Loan Losses

Loans, net of unearned income, consisted of the following:

(in thousands)	March 31, 2015		December 31, 2014
Originated loans:
Commercial non-real estate	$	5,861,887	$	5,917,728
Construction and land development		1,087,449		1,073,964
Commercial real estate		2,492,351		2,428,195
Residential mortgages		1,736,033		1,704,770
Consumer		1,742,810		1,685,542
Total originated loans	$	12,920,530	$	12,810,199
Acquired loans:
Commercial non-real estate	$	118,260	$	120,137
Construction and land development		14,579		21,123
Commercial real estate		629,975		688,045
Residential mortgages		2,485		2,378
Consumer		25		985
Total acquired loans	$	765,324	$	832,668
FDIC acquired loans:
Commercial non-real estate	$	6,937	$	6,195
Construction and land development		11,482		11,674
Commercial real estate		27,777		27,808
Residential mortgages		175,367		187,033
Consumer		16,969		19,699
Total FDIC acquired loans	$	238,532	$	252,409
Total loans:
Commercial non-real estate	$	5,987,084	$	6,044,060
Construction and land development		1,113,510		1,106,761
Commercial real estate		3,150,103		3,144,048
Residential mortgages		1,913,885		1,894,181
Consumer		1,759,804		1,706,226
Total loans	$	13,924,386	$	13,895,276

11

Hancock Holding Company and Subsidiaries

Notes to Consolidated Financial Statements

(Unaudited)

3. Loans and Allowance for Loan Losses (continued)

The following briefly describes the distinction among originated, acquired and FDIC acquired loans and certain significant accounting policies relevant to each category.

Originated loans

Loans reported as “originated” include both loans originated for investment and acquired-performing loans where the discount (premium) has been fully accreted (amortized). Originated loans are reported at the principal balance outstanding, net of unearned income. Interest on loans and accretion of unearned income, including deferred loan fees, are computed in a manner that approximates a level yield on recorded principal. Interest on loans is recognized in income as earned.

The accrual of interest on an originated loan is discontinued when, in management’s opinion, it is probable that the borrower will be unable to meet payment obligations as they become due, as well as when required by regulatory provisions. When accrual of interest is discontinued on a loan, all unpaid accrued interest is reversed and payments subsequently received are applied first to recover principal. Interest income is recognized for payments received after contractual principal has been satisfied. Loans are returned to accrual status when all the principal and interest contractually due are brought current and future payment performance is reasonably assured.

Acquired loans

Loans reported as “acquired” are those loans that were purchased in the 2011 Whitney Holding Corporation acquisition. These loans were recorded at estimated fair value at the acquisition date with no carryover of the related allowance for loan losses. The Whitney acquired loans were segregated between those considered to be performing (“acquired-performing”) and those with evidence of credit deterioration (“acquired-impaired”) based on such factors as past due status, nonaccrual status and credit risk ratings (rated substandard or worse). The acquired loans were further segregated into loan pools designed to facilitate the development of expected cash flows to be used in estimating fair value to facilitate purchase accounting. Acquired-performing loans are accounted for under ASC 310-20 and acquired-impaired loans are accounted for under ASC 310-30.

Acquired-performing loans were segregated into pools based on common risk characteristics such as loan type, credit risk ratings, and contractual interest rate and repayment terms. The major loan types included commercial and industrial loans not secured by real estate, real estate construction and land development loans, commercial real estate loans, residential mortgage loans, and consumer loans, with further segregation within certain loan types as needed. Expected cash flows, both principal and interest, from each pool were estimated based on key assumptions covering such factors as prepayments, default rates, and severity of loss given a default. These assumptions were developed using both historical experience and the portfolio characteristics at acquisition as well as available market research. The fair value estimate for each acquired-performing pool was based on the estimate of expected cash flows from the pool discounted at prevailing market rates.

The difference at the acquisition date between the fair value and the contractual amounts due of an acquired-performing loan pool (the “fair value discount”) is accreted into income over the estimated life of the pool. Acquired-performing loans are placed on nonaccrual status and reported as nonperforming or past due using the same criteria applied to the originated portfolio.

12

Hancock Holding Company and Subsidiaries

Notes to Consolidated Financial Statements

(Unaudited)

3. Loans and Allowance for Loan Losses (continued)

The acquired-impaired loans were segregated into pools by identifying loans with common credit risk profiles and were based primarily on characteristics such as loan type and market area in which originated. The major loan types included commercial and industrial loans not secured by real estate, real estate construction and land development loans, commercial real estate loans, and residential mortgage loans, with further segregation within certain loan types as needed. The acquired-impaired loans were further disaggregated by geographic region in recognition of the differences in general economic conditions affecting borrowers in certain states. The fair value estimate for each pool of acquired-impaired loans was based on the estimate of expected cash flows from the pool discounted at prevailing market rates.

The excess of estimated cash flows expected to be collected from an acquired-impaired loan pool over the pool’s carrying value is referred to as the accretable yield and is recognized in interest income using an effective yield method over the expected life of the loan pool. Each pool of acquired-impaired loans is accounted for as a single asset with a single composite interest rate and an aggregate expectation of cash flows. Acquired-impaired loans in pools with an accretable yield and expected cash flows that are reasonably estimable are considered to be accruing and performing even though collection of contractual payments on loans within the pool may be in doubt, because the pool is the unit of accounting. Acquired-impaired loans are generally not subject to individual evaluation for impairment and are not reported with impaired loans or troubled debt restructurings even if they would otherwise qualify for such treatment.

FDIC acquired loans and the related loss share receivable

Loans reported as “FDIC acquired” are loans purchased in the 2009 acquisition of Peoples First Community Bank (Peoples First) that were covered by two loss share agreements between the FDIC and the Company. These loans are accounted for as acquired-impaired loans as described above in the section on acquired loans. The Company treated all loans for the Peoples First acquisition as impaired based on the significant amount of deteriorating and nonperforming loans, comprised mainly of adjustable rate mortgages and home equity loans, located in Florida. The loss share receivable is measured separately from the related covered loans as it is not contractually embedded in the loans and is not transferrable should the loans be sold. The fair value of the loss share receivable at acquisition was estimated by discounting expected reimbursements for losses from the loans covered by the loss share agreements, including appropriate consideration of possible true-up payments to the FDIC at the expiration of the agreements.

The loss share receivable is reviewed and updated prospectively as loss estimates related to covered loan pools change. Increases in expected reimbursements under the loss sharing agreement will lead to an increase in the loss share receivable. A decrease in expected reimbursements is reflected first as a reversal of any previously recorded increase in the loss share receivable on the covered loan pool with the remainder reflected as a reduction in the loss share receivable’s accretion rate. Increases and decreases in the loss share receivable related to changes in loss estimates result in reductions in or additions to the provision for loan losses, which serves to offset the impact on the provision from impairments or impairment reversals recognized on the underlying covered loan pool. The excess (or shortfall) of expected claims as compared to the carrying value of the loss share receivable is accreted (amortized) into noninterest income over the shorter of the remaining life of the covered loan pool or the life of the loss share agreement. The impact on operations of a reduction in the loss share receivable’s accretion rate is associated with an increase in the accretable yield on the underlying loan pool. The loss share receivable is reduced as cash is received from the FDIC related to losses incurred on covered assets.

13

Hancock Holding Company and Subsidiaries

Notes to Consolidated Financial Statements

(Unaudited)

3. Loans and Allowance for Loan Losses (continued)

The following schedule shows activity in the loss share receivable for the three months ended March 31, 2015 and 2014:

	Three Months Ended
(in thousands)	March 31, 2015			March 31, 2014
Balance, January 1	$	60,272		$	113,834
Amortization		(1,197	)		(3,908	)
Charge-offs, write-downs and other recoveries		(1,475	)		(452	)
External expenses qualifying under loss share agreement		298			1,848
Changes due to changes in cash flow projections		(421	)		(6,853	)
Net payments from FDIC		(7,580	)		—
Ending balance	$	49,897		$	104,469

The loss share agreement covering the non-single family FDIC acquired portfolio expired in December 2014. The loss share agreement covering the single family portfolio expires in December 2019.

14

Hancock Holding Company and Subsidiaries

Notes to Consolidated Financial Statements

(Unaudited)

3. Loans and Allowance for Loan Losses (continued)

The following schedule shows activity in the allowance for loan losses by portfolio segment for the three months ended March 31, 2015 and 2014 as well as the corresponding recorded investment in loans at the end of each period.

(in thousands)	Commercial non-real estate			Construction and land development			Commercial real estate			Residential mortgages			Consumer			Total
	Three Months Ended March 31, 2015
Originated loans
Allowance for loan losses:
Beginning balance	$	50,258		$	5,413		$	16,544		$	8,051		$	17,435		$	97,701
Charge-offs		(1,697	)		(747	)		(251	)		(1,209	)		(3,556	)		(7,460	)
Recoveries		981			1,243			(3	)		305			1,280			3,806
Net provision for loan losses		6,754			(1,500	)		(966	)		738			1,421			6,447
Ending balance	$	56,296		$	4,409		$	15,324		$	7,885		$	16,580		$	100,494
Ending balance:
Individually evaluated for impairment	$	529		$	71		$	147		$	88		$	3		$	838
Collectively evaluated for impairment		55,767			4,338			15,177			7,797			16,577			99,656
Loans:
Ending balance:	$	5,861,887		$	1,087,449		$	2,492,351		$	1,736,033		$	1,742,810		$	12,920,530
Individually evaluated for impairment		14,566			4,381			17,210			2,423			120			38,700
Collectively evaluated for impairment		5,847,321			1,083,068			2,475,141			1,733,610			1,742,690			12,881,830
Acquired loans
Allowance for loan losses:
Beginning balance	$	—		$	—		$	477		$	—		$	—		$	477
Charge-offs		—			—			—			—			—			—
Recoveries		—			—			—			—			—			—
Net provision for loan losses		—			—			(223	)		—			—			(223	)
Ending balance	$	—		$	—		$	254		$	—		$	—		$	254
Ending balance:
Individually evaluated for impairment	$	—		$	—		$	254		$	—		$	—		$	254
Amounts related to acquired-impaired loans		—			—			—			—			—			—
Collectively evaluated for impairment		—			—			—			—			—			—
Loans:
Ending balance:	$	118,260		$	14,579		$	629,975		$	2,485		$	25		$	765,324
Individually evaluated for impairment		—			—			2,579			—			—			2,579
Acquired-impaired loans		8,708			12,801			21,226			2,485			25			45,245
Collectively evaluated for impairment		109,552			1,778			606,170			—			—			717,500

15

Hancock Holding Company and Subsidiaries

Notes to Consolidated Financial Statements

(Unaudited)

3. Loans and Allowance for Loan Losses (continued)

(in thousands)	Commercial non-real estate			Construction and land development			Commercial real estate			Residential mortgages			Consumer			Total
	Three Months Ended March 31, 2015
FDIC acquired loans
Allowance for loan losses:
Beginning balance	$	911		$	1,008		$	4,061		$	20,609		$	3,995		$	30,584
Charge-offs		(127	)		(276	)		(2,368	)		(93	)		(140	)		(3,004	)
Recoveries		14			406			113			—			16			549
Net provision for loan losses		(2	)		(6	)		202			(195	)		(69	)		(70	)
(Decrease) increase in FDIC loss share receivable		(13	)		(34	)		1,207			(1,171	)		(410	)		(421	)
Ending balance	$	783		$	1,098		$	3,215		$	19,150		$	3,392		$	27,638
Ending balance:
Individually evaluated for impairment	$	—		$	—		$	—		$	—		$	—		$	—
Amounts related to acquired-impaired loans		783			1,098			3,215			19,150			3,392			27,638
Collectively evaluated for impairment		—			—			—			—			—			—
Loans:
Ending balance:	$	6,937		$	11,482		$	27,777		$	175,367		$	16,969		$	238,532
Individually evaluated for impairment		—			—			—			—			—			—
Acquired-impaired loans		6,937			11,482			27,777			175,367			16,969			238,532
Collectively evaluated for impairment		—			—			—			—			—			—
Total loans
Allowance for loan losses:
Beginning balance	$	51,169		$	6,421		$	21,082		$	28,660		$	21,430		$	128,762
Charge-offs		(1,824	)		(1,023	)		(2,619	)		(1,302	)		(3,696	)		(10,464	)
Recoveries		995			1,649			110			305			1,296			4,355
Net provision for loan losses		6,752			(1,506	)		(987	)		543			1,352			6,154
(Decrease) increase in FDIC loss share receivable		(13	)		(34	)		1,207			(1,171	)		(410	)		(421	)
Ending balance	$	57,079		$	5,507		$	18,793		$	27,035		$	19,972		$	128,386
Ending balance:
Individually evaluated for impairment	$	529		$	71		$	401		$	88		$	3		$	1,092
Amounts related to acquired-impaired loans		783			1,098			3,215			19,150			3,392			27,638
Collectively evaluated for impairment		55,767			4,338			15,177			7,797			16,577			99,656
Loans:
Ending balance:	$	5,987,084		$	1,113,510		$	3,150,103		$	1,913,885		$	1,759,804		$	13,924,386
Individually evaluated for impairment		14,566			4,381			19,789			2,423			120			41,279
Acquired-impaired loans		15,645			24,283			49,003			177,852			16,994			283,777
Collectively evaluated for impairment		5,956,873			1,084,846			3,081,311			1,733,610			1,742,690			13,599,330

16

Hancock Holding Company and Subsidiaries

Notes to Consolidated Financial Statements

(Unaudited)

3. Loans and Allowance for Loan Losses (continued)

(in thousands)	Commercial non-real estate			Construction and land development			Commercial real estate			Residential mortgages			Consumer			Total
	Three Months Ended March 31, 2014
Originated loans
Allowance for loan losses:
Beginning balance	$	33,091		$	6,180		$	20,649		$	6,892		$	12,073		$	78,885
Charge-offs		(2,386	)		(91	)		(723	)		(241	)		(4,041	)		(7,482	)
Recoveries		826			651			331			94			1,602			3,504
Net provision for loan losses		2,202			(739	)		716			(153	)		2,627			4,653
Ending balance	$	33,733		$	6,001		$	20,973		$	6,592		$	12,261		$	79,560
Ending balance:
Individually evaluated for impairment	$	1,457		$	508		$	189		$	196		$	—		$	2,350
Collectively evaluated for impairment		32,276			5,493			20,784			6,396			12,261			77,210
Loans:
Ending balance:	$	4,353,549		$	824,837		$	2,110,096		$	1,228,170		$	1,407,712		$	9,924,364
Individually evaluated for impairment		9,109			11,064			12,418			2,549			—			35,140
Collectively evaluated for impairment		4,344,440			813,773			2,097,678			1,225,621			1,407,712			9,889,224
Acquired loans
Allowance for loan losses:
Beginning balance	$	1,603		$	10		$	34		$	—		$	—		$	1,647
Charge-offs		—			—			—			—			—			—
Recoveries		—			—			—			—			—			—
Net provision for loan losses		2,396			108			424			496			188			3,612
Ending balance	$	3,999		$	118		$	458		$	496		$	188		$	5,259
Ending balance:
Individually evaluated for impairment	$	88		$	32		$	282		$	—		$	—		$	402
Amounts related to acquired-impaired loans		—			—			—			—			—			—
Collectively evaluated for impairment		3,911			86			176			496			188			4,857
Loans:
Ending balance:	$	830,211		$	134,443		$	907,170		$	293,111		$	107,501		$	2,272,436
Individually evaluated for impairment		1,998			721			2,281			—			—			5,000
Acquired-impaired loans		13,272			17,560			30,018			5,545			102			66,497
Collectively evaluated for impairment		814,941			116,162			874,871			287,566			107,399			2,200,939

17

Hancock Holding Company and Subsidiaries

Notes to Consolidated Financial Statements

(Unaudited)

3. Loans and Allowance for Loan Losses (continued)

(in thousands)	Commercial non-real estate			Construction and land development			Commercial real estate			Residential mortgages			Consumer			Total
	Three Months Ended March 31, 2014
FDIC acquired loans
Allowance for loan losses:
Beginning balance	$	2,323		$	2,655		$	10,929		$	27,989		$	9,198		$	53,094
Charge-offs		(46	)		(458	)		(3,117	)		(308	)		(81	)		(4,010	)
Recoveries		445			857			136			6			56			1,500
Net provision for loan losses		(36	)		(32	)		(22	)		(118	)		(94	)		(302	)
Decrease in FDIC loss share receivable		(809	)		(732	)		(507	)		(2,666	)		(2,139	)		(6,853	)
Ending balance	$	1,877		$	2,290		$	7,419		$	24,903		$	6,940		$	43,429
Ending balance:
Individually evaluated for impairment	$	—		$	—		$	—		$	—		$	—		$	—
Amounts related to acquired-impaired loans		1,877			2,290			7,419			24,903			6,940			43,429
Collectively evaluated for impairment		—			—			—			—			—			—
Loans:
Ending balance:	$	14,269		$	19,518		$	52,050		$	199,026		$	46,274		$	331,137
Individually evaluated for impairment		—			—			—			—			—			—
Acquired-impaired loans		14,269			19,518			52,050			199,026			46,274			331,137
Collectively evaluated for impairment		—			—			—			—			—			—
Total loans
Allowance for loan losses:
Beginning balance	$	37,017		$	8,845		$	31,612		$	34,881		$	21,271		$	133,626
Charge-offs		(2,432	)		(549	)		(3,840	)		(549	)		(4,122	)		(11,492	)
Recoveries		1,271			1,508			467			100			1,658			5,004
Net provision for loan losses		4,562			(663	)		1,118			225			2,721			7,963
Decrease in FDIC loss share receivable		(809	)		(732	)		(507	)		(2,666	)		(2,139	)		(6,853	)
Ending balance	$	39,609		$	8,409		$	28,850		$	31,991		$	19,389		$	128,248
Ending balance:
Individually evaluated for impairment	$	1,545		$	540		$	471		$	196		$	—		$	2,752
Amounts related to acquired-impaired loans		1,877			2,290			7,419			24,903			6,940			43,429
Collectively evaluated for impairment		36,187			5,579			20,960			6,892			12,449			82,067
Loans:
Ending balance:	$	5,198,029		$	978,798		$	3,069,316		$	1,720,307		$	1,561,487		$	12,527,937
Individually evaluated for impairment		11,107			11,785			14,699			2,549			—			40,140
Acquired-impaired loans		27,541			37,078			82,068			204,571			46,376			397,634
Collectively evaluated for impairment		5,159,381			929,935			2,972,549			1,513,187			1,515,111			12,090,163

18

Hancock Holding Company and Subsidiaries

Notes to Consolidated Financial Statements

(Unaudited)

3. Loans and Allowance for Loan Losses (continued)

The following table shows the composition of nonaccrual loans by portfolio segment and class. Acquired-impaired and certain FDIC acquired loans are considered to be performing due to the application of the accretion method and are excluded from the table. FDIC acquired loans accounted for using the cost recovery method do not have an accretable yield and are included below as nonaccrual loans. Acquired-performing loans that have subsequently been placed on nonaccrual status are also included below.

(in thousands)	March 31, 2015		December 31, 2014
Originated loans:
Commercial non-real estate	$	25,614	$	15,511
Construction and land development		5,255		6,462
Commercial real estate		24,668		22,047
Residential mortgages		22,383		21,702
Consumer		5,492		5,574
Total originated loans	$	83,412	$	71,296
Acquired loans:
Commercial non-real estate	$	—	$	—
Construction and land development		—		—
Commercial real estate		5,820		6,139
Residential mortgages		—		—
Consumer		—		—
Total acquired loans	$	5,820	$	6,139
FDIC acquired loans:
Commercial non-real estate	$	—	$	—
Construction and land development		1,156		1,103
Commercial real estate		433		433
Residential mortgages		—		392
Consumer		—		174
Total FDIC acquired loans	$	1,589	$	2,102
Total loans:
Commercial non-real estate	$	25,614	$	15,511
Construction and land development		6,411		7,565
Commercial real estate		30,921		28,619
Residential mortgages		22,383		22,094
Consumer		5,492		5,748
Total loans	$	90,821	$	79,537

The estimated amount of interest that would have been recorded on nonaccrual loans had the loans not been classified as nonaccrual in the three months ended March 31, 2015 was approximately $0.8 million. Interest actually received and recorded as income on nonaccrual loans during the three months ended March 31, 2015 was approximately $0.3 million.

Nonaccrual loans include loans modified in troubled debt restructurings (“TDRs”) of $5.0 million and $7.0 million at March 31, 2015 and December 31, 2014, respectively. Total TDRs both accruing and nonaccruing were $12.5 million as of March 31, 2015 and $16.0 million at December 31, 2014. Modified acquired-impaired loans are not removed from their accounting pool and accounted for as TDRs, even if those loans would otherwise be deemed TDRs.

19

Hancock Holding Company and Subsidiaries

Notes to Consolidated Financial Statements

(Unaudited)

3. Loans and Allowance for Loan Losses (continued)

The tables below detail TDRs that were modified during the three months ended March 31, 2015 and March 31, 2014 by portfolio segment. All TDRs are individually evaluated for impairment.

	Three Months Ended
(in thousands)	March 31, 2015						March 31, 2014
Troubled Debt Restructurings:	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
Originated loans:
Commercial non-real estate		—	$	—	$	—		—	$	—	$	—
Construction and land development		—		—		—		—		—		—
Commercial real estate		—		—				1		963		918
Residential mortgages		2		68		68		2		773		507
Consumer		1		20		20		—		—		—
Total originated loans		3	$	88	$	88		3	$	1,736	$	1,425
Acquired loans:
Commercial non-real estate		—	$	—	$	—		—	$	—	$	—
Construction and land development		—		—		—		—		—		—
Commercial real estate		—		—		—		—		—		—
Residential mortgages		—		—		—		—		—		—
Consumer		—		—		—		—		—		—
Total acquired loans		—	$	—	$	—		—	$	—	$	—
FDIC acquired loans:
Commercial non-real estate		—	$	—	$	—		—	$	—	$	—
Construction and land development		—		—		—		—		—		—
Commercial real estate		—		—		—		—		—		—
Residential mortgages		—		—		—		—		—		—
Consumer		—		—		—		—		—		—
Total FDIC acquired loans		—	$	—	$	—		—	$	—	$	—
Total loans:
Commercial non-real estate		—	$	—	$	—		—	$	—	$	—
Construction and land development		—		—		—		—		—		—
Commercial real estate		—		—		—		1		963		918
Residential mortgages		2		68		68		2		773		507
Consumer		1		20		20		—		—		—
Total loans		3	$	88	$	88		3	$	1,736	$	1,425

20

Hancock Holding Company and Subsidiaries

Notes to Consolidated Financial Statements

(Unaudited)

3. Loans and Allowance for Loan Losses (continued)

The table below details TDRs that subsequently defaulted within twelve months of modification.

	Three Months Ended
(in thousands)	March 31, 2015				March 31, 2014
Troubled Debt Restructurings:	Number of Contracts		Recorded Investment		Number of Contracts		Recorded Investment
Originated loans:
Commercial non-real estate		—	$	—		1	$	926
Construction and land development		—		—		—		—
Commercial real estate		—		—		—		—
Residential mortgages		—		—		—		—
Consumer		—		—		—		—
Total originated loans		—	$	—		1	$	926
Acquired loans:
Commercial non-real estate		—	$	—		—	$	—
Construction and land development		—		—		—		—
Commercial real estate		—		—		—		—
Residential mortgages		—		—		—		—
Consumer		—		—		—		—
Total acquired loans		—	$	—		—	$	—
FDIC acquired loans:
Commercial non-real estate		—	$	—		—	$	—
Construction and land development		—		—		—		—
Commercial real estate		—		—		—		—
Residential mortgages		—		—		—		—
Consumer		—		—		—		—
Total FDIC acquired loans		—	$	—		—	$	—
Total loans:
Commercial non-real estate		—	$	—		1	$	926
Construction and land development		—		—		—		—
Commercial real estate		—		—		—		—
Residential mortgages		—		—		—		—
Consumer		—		—		—		—
Total loans		—	$	—		1	$	926

21

Hancock Holding Company and Subsidiaries

Notes to Consolidated Financial Statements

(Unaudited)

3. Loans and Allowance for Loan Losses (continued)

Those loans that are determined to be impaired and have balances of $1 million or more are individually evaluated for impairment. The tables below present loans that are individually evaluated for impairment disaggregated by class at March 31, 2015 and December 31, 2014:

March 31, 2015 (in thousands)	Recorded Investment		Unpaid Principal Balance		Related Allowance		Average Recorded Investment		Interest Income Recognized
Originated loans:
With no related allowance recorded:
Commercial non-real estate	$	11,389	$	11,893	$	—	$	7,196	$	—
Construction and land development		484		2,045		—		1,915		—
Commercial real estate		10,659		12,598		—		9,563		10
Residential mortgages		1,034		1,435		—		517		1
Consumer		101		101		—		51		—
		23,667		28,072		—		19,242		11
With an allowance recorded:
Commercial non-real estate	$	3,177	$	3,928	$	529	$	2,081		2
Construction and land development		3,897		4,555		71		4,401		32
Commercial real estate		6,551		6,556		147		5,103		17
Residential mortgages		1,389		1,900		88		2,023		11
Consumer		19		19		3		13		2
		15,033		16,958		838		13,621		64
Total:
Commercial non-real estate		14,566		15,821		529	$	9,277		2
Construction and land development		4,381		6,600		71		6,316		32
Commercial real estate		17,210		19,154		147		14,666		27
Residential mortgages		2,423		3,335		88		2,540		12
Consumer		120		120		3		63		2
Total originated loans	$	38,700	$	45,030	$	838	$	32,862	$	75
Acquired loans:
With no related allowance recorded:
Commercial non-real estate	$	—	$	—	$	—	$	—	$	—
Construction and land development		—		—		—		—		—
Commercial real estate		—		—		—		—		—
Residential mortgages		—		—		—		—		—
Consumer		—		—		—		—		—
		—		—		—		—		—
With an allowance recorded:
Commercial non-real estate		—		—		—	$	—		—
Construction and land development		—		—		—		—		—
Commercial real estate		2,579		2,602		254		2,635		—
Residential mortgages		—		—		—		—		—
Consumer		—		—		—		—		—
		2,579		2,602		254		2,635		—
Total:
Commercial non-real estate		—		—		—	$	—		—
Construction and land development		—		—		—		—		—
Commercial real estate		2,579		2,602		254		2,635		—
Residential mortgages		—		—		—		—		—
Consumer		—		—		—		—		—
Total acquired loans	$	2,579	$	2,602	$	254	$	2,635	$	—

22

Hancock Holding Company and Subsidiaries

Notes to Consolidated Financial Statements

(Unaudited)

3. Loans and Allowance for Loan Losses (continued)

March 31, 2015 (in thousands)	Recorded Investment		Unpaid Principal Balance		Related Allowance		Average Recorded Investment		Interest Income Recognized
Total loans:
With no related allowance recorded:
Commercial non-real estate	$	11,389	$	11,893	$	—	$	7,196	$	—
Construction and land development		484		2,045		—		1,915		—
Commercial real estate		10,659		12,598		—		9,563		10
Residential mortgages		1,034		1,435		—		517		1
Consumer		101		101		—		51		—
		23,667		28,072		—		19,242		11
With an allowance recorded:
Commercial non-real estate		3,177		3,928		529	$	2,081		2
Construction and land development		3,897		4,555		71		4,401		32
Commercial real estate		9,130		9,158		401		7,738		17
Residential mortgages		1,389		1,900		88		2,023		11
Consumer		19		19		3		13		2
		17,612		19,560		1,092		16,256		64
Total:
Commercial non-real estate		14,566		15,821		529	$	9,277		2
Construction and land development		4,381		6,600		71		6,316		32
Commercial real estate		19,789		21,756		401		17,301		27
Residential mortgages		2,423		3,335		88		2,540		12
Consumer		120		120		3		63		2
Total loans	$	41,279	$	47,632	$	1,092	$	35,497	$	75

23

Hancock Holding Company and Subsidiaries

Notes to Consolidated Financial Statements

(Unaudited)

3. Loans and Allowance for Loan Losses (continued)

December 31, 2014 (in thousands)	Recorded Investment		Unpaid Principal Balance		Related Allowance		Average Recorded Investment		Interest Incsme Recsgnized
Originated loans:
With no related allowance recorded:
Commercial non-real estate	$	3,003	$	3,646	$	—	$	1,209	$	51
Construction and land development		3,345		6,486		—		3,330		142
Commercial real estate		8,467		10,575		—		8,461		331
Residential mortgages		—		—		—		88		3
Consumer		—		—		—		—		—
		14,815		20,707		—		13,088		527
With an allowance recorded:
Commercial non-real estate		984		984		14		5,522		99
Construction and land development		4,905		4,906		19		6,660		137
Commercial real estate		3,654		3,654		11		7,500		109
Residential mortgages		2,656		3,311		330		2,204		50
Consumer		6		6		3		1		—
		12,205		12,861		377		21,887		395
Total:
Commercial non-real estate		3,987		4,630		14		6,732		150
Construction and land development		8,250		11,392		19		9,990		279
Commercial real estate		12,121		14,229		11		15,961		439
Residential mortgages		2,656		3,311		330		2,292		53
Consumer		6		6		3		1		—
Total originated loans	$	27,020	$	33,568	$	377	$	34,976	$	921
Acquired loans:
With no related allowance recorded:
Commercial non-real estate	$	—	$	—	$	—	$	357	$	—
Construction and land development		—		—		—		121		—
Commercial real estate		—		—		—		311		—
Residential mortgages		—		—		—		88		—
Consumer		—		—		—		—		—
		—		—		—		877		—
With an allowance recorded:
Commercial non-real estate		—		—		—		1,059		122
Construction and land development		—		—		—		1,037		56
Commercial real estate		2,691		2,720		477		1,357		75
Residential mortgages		—		—		—		—		—
Consumer		—		—		—		—		—
		2,691		2,720		477		3,453		253
Total:
Commercial non-real estate		—		—		—		1,416		122
Construction and land development		—		—		—		1,158		56
Commercial real estate		2,691		2,720		477		1,668		75
Residential mortgages		—		—		—		88		—
Consumer		—		—		—		—		—
Total acquired loans	$	2,691	$	2,720	$	477	$	4,330	$	253

24

Hancock Holding Company and Subsidiaries

Notes to Consolidated Financial Statements

(Unaudited)

3. Loans and Allowance for Loan Losses (continued)

December 31, 2014 (in thousands)	Recorded Investment		Unpaid Principal Balance		Related Allowance		Average Recorded Investment		Interest Incsme Recsgnized
Total loans:
With no related allowance recorded:
Commercial non-real estate	$	3,003	$	3,646	$	—	$	1,566	$	51
Construction and land development		3,345		6,486		—		3,451		142
Commercial real estate		8,467		10,575		—		8,772		331
Residential mortgages		—		—		—		176		3
Consumer		—		—		—		—		—
		14,815		20,707		—		13,965		527
With an allowance recorded:
Commercial non-real estate		984		984		14		6,581		221
Construction and land development		4,905		4,906		19		7,697		193
Commercial real estate		6,345		6,374		488		8,857		184
Residential mortgages		2,656		3,311		330		2,204		50
Consumer		6		6		3		1		—
		14,896		15,581		854		25,340		648
Total:
Commercial non-real estate		3,987		4,630		14		8,147		272
Construction and land development		8,250		11,392		19		11,148		335
Commercial real estate		14,812		16,949		488		17,629		515
Residential mortgages		2,656		3,311		330		2,380		53
Consumer		6		6		3		1		—
Total loans	$	29,711	$	36,288	$	854	$	39,305	$	1,175

25

Hancock Holding Company and Subsidiaries

Notes to Consolidated Financial Statements

(Unaudited)

3. Loans and Allowance for Loan Losses (continued)

The following tables present the age analysis of past due loans at March 31, 2015 and December 31, 2014. FDIC acquired and acquired-impaired loans with an accretable yield are considered to be current in the table.

March 31, 2015	30-59 days past due		60-89 days past due		Greater than 90 days past due		Total past due		Current		Total Loans		Recorded investment > 90 days and still accruing
(in thousands)
Originated loans:
Commercial non-real estate	$	4,969	$	3,498	$	8,692	$	17,159	$	5,844,728	$	5,861,887	$	1,114
Construction and land development		4,014		741		4,777		9,532		1,077,917		1,087,449		768
Commercial real estate		2,456		2,549		15,694		20,699		2,471,652		2,492,351		1,831
Residential mortgages		21,365		2,062		7,072		30,499		1,705,534		1,736,033		1,067
Consumer		11,631		1,994		2,992		16,617		1,726,193		1,742,810		879
Total	$	44,435	$	10,844	$	39,227	$	94,506	$	12,826,024	$	12,920,530	$	5,659
Acquired loans:
Commercial non-real estate	$	—	$	—	$	—	$	—	$	118,260	$	118,260	$	—
Construction and land development		—		—		—		—		14,579		14,579		—
Commercial real estate		564		2,579		2,095		5,238		624,737		629,975		213
Residential mortgages		—		—		—		—		2,485		2,485		—
Consumer		—		—		—		—		25		25		—
Total	$	564	$	2,579	$	2,095	$	5,238	$	760,086	$	765,324	$	213
FDIC acquired loans:
Commercial non-real estate	$	—	$	—	$	—	$	—	$	6,937	$	6,937	$	—
Construction and land development		—		—		1,156		1,156		10,326		11,482		—
Commercial real estate		—		—		433		433		27,344		27,777		—
Residential mortgages		—		—		—		—		175,367		175,367		—
Consumer		—		—		—		—		16,969		16,969		—
Total	$	—	$	—	$	1,589	$	1,589	$	236,943	$	238,532	$	—
Total loans:
Commercial non-real estate	$	4,969	$	3,498	$	8,692	$	17,159	$	5,969,925	$	5,987,084	$	1,114
Construction and land development		4,014		741		5,933		10,688		1,102,822		1,113,510		768
Commercial real estate		3,020		5,128		18,222		26,370		3,123,733		3,150,103		2,044
Residential mortgages		21,365		2,062		7,072		30,499		1,883,386		1,913,885		1,067
Consumer		11,631		1,994		2,992		16,617		1,743,187		1,759,804		879
Total	$	44,999	$	13,423	$	42,911	$	101,333	$	13,823,053	$	13,924,386	$	5,872

26

Hancock Holding Company and Subsidiaries

Notes to Consolidated Financial Statements

(Unaudited)

3. Loans and Allowance for Loan Losses (continued)

December 31, 2014	30-59 days past due		60-89 days past due		Greater than 90 days past due		Total past due		Current		Total Loans		Recorded investment > 90 days and still accruing
(in thousands)
Originated loans:
Commercial non-real estate	$	4,380	$	1,742	$	8,560	$	14,682	$	5,903,046	$	5,917,728	$	630
Construction and land development		6,620		1,532		4,453		12,605		1,061,359		1,073,964		142
Commercial real estate		6,527		2,964		13,234		22,725		2,405,470		2,428,195		696
Residential mortgages		14,730		3,261		11,208		29,199		1,675,571		1,704,770		1,199
Consumer		8,422		2,450		4,365		15,237		1,670,305		1,685,542		1,897
Total	$	40,679	$	11,949	$	41,820	$	94,448	$	12,715,751	$	12,810,199	$	4,564
Acquired loans:
Commercial non-real estate	$	—	$	—	$	—	$	—	$	120,137	$	120,137	$	—
Construction and land development		111		—		—		111		21,012		21,123		—
Commercial real estate		3,861		282		1,591		5,734		682,311		688,045		261
Residential mortgages		—		—		—		—		2,378		2,378		—
Consumer		—		—		—		—		985		985		—
Total	$	3,972	$	282	$	1,591	$	5,845	$	826,823	$	832,668	$	261
FDIC acquired loans:
Commercial non-real estate	$	—	$	—	$	—	$	—	$	6,195	$	6,195	$	—
Construction and land development		—		—		1,103		1,103		10,571		11,674		—
Commercial real estate		—		—		433		433		27,375		27,808		—
Residential mortgages		—		272		—		272		186,761		187,033		—
Consumer		1		—		34		35		19,664		19,699		—
Total	$	1	$	272	$	1,570	$	1,843	$	250,566	$	252,409	$	—
Total loans:
Commercial non-real estate	$	4,380	$	1,742	$	8,560	$	14,682	$	6,029,378	$	6,044,060	$	630
Construction and land development		6,731		1,532		5,556		13,819		1,092,942		1,106,761		142
Commercial real estate		10,388		3,246		15,258		28,892		3,115,156		3,144,048		957
Residential mortgages		14,730		3,533		11,208		29,471		1,864,710		1,894,181		1,199
Consumer		8,423		2,450		4,399		15,272		1,690,954		1,706,226		1,897
Total	$	44,652	$	12,503	$	44,981	$	102,136	$	13,793,140	$	13,895,276	$	4,825

27

Hancock Holding Company and Subsidiaries

Notes to Consolidated Financial Statements

(Unaudited)

3. Loans and Allowance for Loan Losses (continued)

The following tables present the credit quality indicators of the Company’s various classes of loans at March 31, 2015 and December 31, 2014.

Commercial Non-Real Estate Credit Exposure

Credit Risk Profile by Internally Assigned Grade

(in thousands)	March 31, 2015								December 31, 2014
	Originated		Acquired		FDIC acquired		Total		Originated		Acquired		FDIC acquired		Total
Grade:
Pass	$	5,438,058	$	109,784	$	2,892	$	5,550,734	$	5,577,827	$	111,847	$	2,027	$	5,691,701
Pass-Watch		235,510		282		995		236,787		174,742		715		1,120		176,577
Special Mention		64,045		367		—		64,412		52,962		350		—		53,312
Substandard		124,219		7,827		3,021		135,067		112,153		7,225		3,017		122,395
Doubtful		40		—		29		69		44		—		31		75
Loss		15		—		—		15		—		—		—		—
Total	$	5,861,887	$	118,260	$	6,937	$	5,987,084	$	5,917,728	$	120,137	$	6,195	$	6,044,060

Construction Credit Exposure

Credit Risk Profile Based on Payment Activity

(in thousands)	March 31, 2015								December 31, 2014
	Originated		Acquired		FDIC acquired		Total		Originated		Acquired		FDIC acquired		Total
Grade:
Pass	$	1,032,054	$	5,225	$	2,750	$	1,040,029	$	1,012,128	$	14,377	$	2,468	$	1,028,973
Pass-Watch		18,493		2,727		534		21,754		21,516		432		532		22,480
Special Mention		9,100		139		315		9,554		7,097		129		319		7,545
Substandard		27,802		6,488		7,883		42,173		33,223		6,185		8,355		47,763
Total	$	1,087,449	$	14,579	$	11,482	$	1,113,510	$	1,073,964	$	21,123	$	11,674	$	1,106,761

Commercial Real Estate Credit Exposure

Credit Risk Profile by Internally Assigned Grade

(in thousands)	March 31, 2015								December 31, 2014
	Originated		Acquired		FDIC acquired		Total		Originated		Acquired		FDIC acquired		Total
Grade:
Pass	$	2,316,577	$	588,942	$	5,869	$	2,911,388	$	2,241,391	$	641,966	$	4,139	$	2,887,496
Pass-Watch		58,743		9,644		2,872		71,259		61,589		11,142		4,547		77,278
Special Mention		14,915		9,531		1,654		26,100		21,543		8,113		1,319		30,975
Substandard		102,097		21,858		17,382		141,337		103,651		26,824		17,803		148,278
Doubtful		19		—		—		19		21		—		—		21
Total	$	2,492,351	$	629,975	$	27,777	$	3,150,103	$	2,428,195	$	688,045	$	27,808	$	3,144,048

28

Hancock Holding Company and Subsidiaries

Notes to Consolidated Financial Statements

(Unaudited)

3. Loans and Allowance for Loan Losses (continued)

Residential Mortgage Credit Exposure

Credit Risk Profile Based on Payment Activity and Accrual Status

(in thousands)	March 31, 2015								December 31, 2014
	Originated		Acquired		FDIC acquired		Total		Originated		Acquired		FDIC acquired		Total
Performing	$	1,712,583	$	2,485	$	175,367	$	1,890,435	$	1,681,868	$	2,378	$	186,641	$	1,870,887
Nonperforming		23,450		—		—		23,450		22,902		—		392		23,294
Total	$	1,736,033	$	2,485	$	175,367	$	1,913,885	$	1,704,770	$	2,378	$	187,033	$	1,894,181

Consumer Credit Exposure

Credit Risk Profile Based on Payment Activity and Accrual Status

(in thousands)	March 31, 2015								December 31, 2014
	Originated		Acquired		FDIC acquired		Total		Originated		Acquired		FDIC acquired		Total
Performing	$	1,736,438	$	25	$	16,969	$	1,753,432	$	1,678,069	$	985	$	19,525	$	1,698,579
Nonperforming		6,372		—		—		6,372		7,473		—		174		7,647
Total	$	1,742,810	$	25	$	16,969	$	1,759,804	$	1,685,542	$	985	$	19,699	$	1,706,226

Loan review uses a risk-focused continuous monitoring program that provides for an independent, objective and timely review of credit risk within the Company. Below are the definitions of the Company’s internally assigned grades:

Commercial:

• Pass - loans properly approved, documented, collateralized, and performing which do not reflect an abnormal credit risk.

• Pass - Watch – credits in this category are of sufficient risk to cause concern. This category is reserved for credits that display negative performance trends. The “Watch” grade should be regarded as a transition category.

• Special Mention – a criticized asset category defined as having potential weaknesses that deserve management’s close attention. If left uncorrected, these potential weaknesses may, at some future date, result in the deterioration of the repayment prospects for the credit or the institution’s credit position. Special mention credits are not considered part of the Classified credit categories and do not expose an institution to sufficient risk to warrant adverse classification.

• Substandard – an asset that is inadequately protected by the current sound worth and paying capacity of the obligor or of the collateral pledged, if any. Assets so classified must have a well-defined weakness or weaknesses that jeopardize the liquidation of the debt. They are characterized by the distinct possibility that the institution will sustain some loss if the deficiencies are not corrected.

29

Hancock Holding Company and Subsidiaries

Notes to Consolidated Financial Statements

(Unaudited)

3. Loans and Allowance for Loan Losses (continued)

• Doubtful – an asset that has all the weaknesses inherent in one classified Substandard with the added characteristic that the weaknesses make collection nor liquidation in full, on the basis of currently existing facts, conditions, and values, highly questionable and improbable.

• Loss – credits classified as Loss are considered uncollectable and are charged off promptly once so classified.

Residential and Consumer:

• Performing – loans on which payments of principal and interest are less than 90 days past due.

• Nonperforming – a nonperforming loan is a loan that is in default or close to being in default and there are good reasons to doubt that payments will be made in full. All loans rated as nonaccrual loans are also classified as nonperforming.

Changes in the carrying amount of acquired-impaired loans and accretable yield are presented in the following table for the three months ended March 31, 2015 and the year ended December 31, 2014:

(in thousands)	March 31, 2015												December 31, 2014
	FDIC acquired						Acquired						FDIC acquired						Acquired
	Carrying Amount of Loans			Accretable Yield			Carrying Amount of Loans			Accretable Yield			Carrying Amount of Loans			Accretable Yield			Carrying Amount of Loans			Accretable Yield
Balance at beginning of period	$	252,409		$	112,788		$	61,276		$	74,668		$	358,666		$	122,715		$	68,075		$	131,370
Payments received, net		(17,483	)		(371	)		(21,396	)		(9,036	)		(125,388	)		(1,071	)		(50,178	)		(32,855	)
Accretion		3,606			(3,606	)		5,365			(5,365	)		19,131			(19,131	)		43,379			(43,379	)
(Decrease) Increase in expected cash flows based on actual cash flows and changes in cash flow assumptions		—			(1,389	)		—			87			—			(1,137	)		—			(203	)
Net transfers from nonaccretable difference to accretable yield		—			150			—			(2,265	)		—			11,412			—			19,735
Balance at end of period	$	238,532		$	107,572		$	45,245		$	58,089		$	252,409		$	112,788		$	61,276		$	74,668

Included in loans are $10.1 million and $13.7 million of consumer loans secured by single family residential mortgage real estate that are in process of foreclosure as of March 31, 2015 and December 31, 2014, respectively. Of these loans, $6.0 million and $8.1 million, respectively, are covered by an FDIC loss share agreement that provides significant protection against losses. Loans in process of foreclosure include those for which formal foreclosure proceedings are in process according to local requirements of the applicable jurisdiction. In addition to the single family residential real estate loans in process of foreclosure, the company also held $12.4 million and $12.7 million of foreclosed single family residential properties in other real estate owned as of March 31, 2015 and December 31, 2014, respectively. Of these foreclosed properties, $7.1 million and $8.2 million as of March 31, 2015 and December 31, 2014, respectively, are also covered by the FDIC loss share agreement.

30

Hancock Holding Company and Subsidiaries

Notes to Consolidated Financial Statements

(Unaudited)

Note 4. Long-Term Debt

Long-term debt consisted of the following:

(in thousands)	March 31, 2015		December 31, 2014
Subordinated notes payable maturing June 2045	$	150,000	$	—
Subordinated notes payable maturing April 2017		98,011		98,011
Term note payable maturing December 2015		140,800		149,600
Other long-term debt		127,196		126,760
Total long-term debt	$	516,007	$	374,371

On March 9, 2015, the Company completed the issuance of subordinated notes payable with an aggregate principal amount of $150 million. The notes mature on June 15, 2045 and accrue interest at a rate of 5.95% per annum, with quarterly interest payments beginning in June 2015. Subject to prior approval by the Federal Reserve, the Company may redeem the notes in whole or in part on any interest payment date on or after June 15, 2020. This debt qualifies as Tier 2 capital in the calculation of certain regulatory capital ratios.

The 5.875% fixed-rate subordinated notes maturing April 2017 had been issued by Whitney National Bank and were assumed by Hancock in the Whitney acquisition. As of March 31, 2015, 40% of the balance of these notes qualifies as capital in the calculation of certain regulatory capital ratios. The qualifying amount will be further reduced to 20% in the second quarter of 2015 and will no longer qualify as capital as of April 1, 2016.

On December 21, 2012, the Company entered into a three-year term loan agreement that provides for a $220 million term loan facility, all of which was borrowed on the closing date. The agreement also provides for up to $50 million in additional borrowings under the loan facility, subject to obtaining additional commitments from existing or new lenders and satisfaction of certain other conditions. Amounts borrowed under the loan facility bear interest at a variable rate based on LIBOR plus 1.875% per annum. The loan agreement requires quarterly principal payments of $8.8 million, and outstanding borrowings may be prepaid in whole or in part at any time prior to the December 21, 2015 maturity date without premium or penalty.

The Company and the Bank must satisfy certain financial covenants in the term loan agreement and is subject to other restrictions customary in financings of this nature, none of which is expected to adversely impact the operations of the Company. The financial covenants cover, among other things, the maintenance of minimum levels for regulatory capital ratios, consolidated net worth, consolidated return on assets, and holding company liquidity and dividend capacity, and specify a maximum ratio of consolidated nonperforming assets to consolidated total loans and other real estate, calculated without FDIC acquired assets. The Company was in compliance with all covenants as of March 31, 2015 and December 31, 2014.

Substantially all of the other long-term debt consists of borrowings associated with tax credit fund activities. Although these borrowings have indicated maturities beginning in the second quarter of 2015 through 2052, they are expected to be paid off at the end of their seven-year compliance period.

31

Hancock Holding Company and Subsidiaries

Notes to Consolidated Financial Statements

(Unaudited)

5. Fair Value

The Financial Accounting Standards Board (“FASB”) defines fair value as the exchange price that would be received to sell an asset or paid to transfer a liability in the principal or most advantageous market for the asset or liability in an orderly transaction between market participants on the measurement date. The FASB’s guidance also established a fair value hierarchy that prioritizes the inputs to these valuation techniques used to measure fair value, giving preference to quoted prices in active markets for identical assets or liabilities (“level 1”) and the lowest priority to unobservable inputs such as a reporting entity’s own data (“level 3”). Level 2 inputs include quoted prices for similar assets or liabilities in active markets, quoted prices for identical assets or liabilities in markets that are not active, observable inputs other than quoted prices, such as interest rates and yield curves, and inputs that are derived principally from or corroborated by observable market data by correlation or other means.

Fair Value of Assets and Liabilities Measured on a Recurring Basis

The following tables present for each of the fair value hierarchy levels the Company’s assets and liabilities that are measured at fair value on a recurring basis in the consolidated balance sheets.

	March 31, 2015
(in thousands)	Level 1		Level 2		Total
Assets
Available for sale debt securities:
U.S. Treasury and government agency securities	$	—	$	99,416	$	99,416
Municipal obligations		—		12,965		12,965
Corporate debt securities		—		3,500		3,500
Mortgage-backed securities		—		1,474,789		1,474,789
Collateralized mortgage obligations		—		232,112		232,112
Equity securities		2,826		—		2,826
Total available for sale securities		2,826		1,822,782		1,825,608
Derivative assets (1)		—		28,562		28,562
Total recurring fair value measurements - assets	$	2,826	$	1,851,344	$	1,854,170
Liabilities
Derivative liabilities (1)	$	—	$	29,379	$	29,379
Total recurring fair value measurements - liabilities	$	—	$	29,379	$	29,379

(1) For further disaggregation of derivative assets and liabilities, see Note 6 - Derivatives.

32

Hancock Holding Company and Subsidiaries

Notes to Consolidated Financial Statements

(Unaudited)

5. Fair Value (continued)

	December 31, 2014
(in thousands)	Level 1		Level 2		Total
Assets
Available for sale debt securities:
U.S. Treasury and government agency securities	$	—	$	300,508	$	300,508
Municipal obligations		—		14,176		14,176
Corporate debt securities		—		3,500		3,500
Mortgage-backed securities		—		1,245,564		1,245,564
Collateralized mortgage obligations		—		86,864		86,864
Equity securities		9,553		—		9,553
Total available for sale securities		9,553		1,650,612		1,660,165
Derivative assets (1)		—		19,432		19,432
Total recurring fair value measurements - assets	$	9,553	$	1,670,044	$	1,679,597
Liabilities
Derivative liabilities (1)	$	—	$	20,860	$	20,860
Total recurring fair value measurements - liabilities	$	—	$	20,860	$	20,860

(1) For further disaggregation of derivative assets and liabilities, see Note 6 - Derivatives.

Securities classified as level 1 within the valuation hierarchy include U.S. Treasury securities and certain other debt and equity securities. Level 2 classified securities include U.S. Treasury securities, obligations of the U.S. Government-sponsored agencies, residential mortgage-backed securities and collateralized mortgage obligations that are issued or guaranteed by U.S. government agencies, and state and municipal bonds. The level 2 fair value measurements for investment securities are obtained quarterly from a third-party pricing service that uses industry-standard pricing models. Substantially all of the model inputs are observable in the marketplace or can be supported by observable data.

The Company invests only in high quality securities of investment grade quality with a targeted duration, for the overall portfolio, generally between two and five. Company policies generally limit investments to agency securities and municipal securities determined to be investment grade according to an internally generated score which generally includes a rating of not less than “Baa” or its equivalent by a nationally recognized statistical rating agency. There were no transfers between valuation hierarchy levels during the periods shown.

The fair value of derivative financial instruments, which are predominantly customer interest rate swaps, is obtained from a third-party pricing service that uses an industry-standard discounted cash flow model that relies on inputs, LIBOR swap curves and Overnight Index swap rate curves, observable in the marketplace. To comply with the accounting guidance, credit valuation adjustments are incorporated in the fair values to appropriately reflect nonperformance risk for both the Company and the counterparties. Although the Company has determined that the majority of the inputs used to value the derivative instruments fall within level 2 of the fair value hierarchy, the credit value adjustments utilize level 3 inputs, such as estimates of current credit spreads. The Company has determined that the impact of the credit valuation adjustments is not significant to the overall valuation of these derivatives. As a result, the Company has classified its derivative valuations in their entirety in level 2 of the fair value hierarchy. The Company’s policy is to measure counterparty credit risk quarterly for all derivative instruments, including those subject to master netting arrangements consistent with how market participants would price the net risk exposure at the measurement date.

33

Hancock Holding Company and Subsidiaries

Notes to Consolidated Financial Statements

(Unaudited)

5. Fair Value (continued)

The Company also has certain derivative instruments associated with the Bank’s mortgage-banking activities. These derivative instruments include interest rate lock commitments on prospective residential mortgage loans and forward commitments to sell these loans to investors on a best efforts delivery basis. The fair value of these derivative instruments is measured using observable market prices for similar instruments and is classified as a level 2 measurement.

Fair Value of Assets Measured on a Nonrecurring Basis

Certain assets and liabilities are measured at fair value on a nonrecurring basis. Collateral-dependent impaired loans are level 2 assets measured at the fair value of the underlying collateral based on independent third-party appraisals that take into consideration market-based information such as recent sales activity for similar assets in the property’s market.

Other real estate owned, including both foreclosed property and surplus banking property, are level 3 assets that are adjusted to fair value, less estimated selling costs, upon transfer to other real estate owned. Subsequently, other real estate owned is carried at the lower of carrying value or fair value less estimated selling costs. Fair values are determined by sales agreement or third-party appraisals as discounted for estimated selling costs, information from comparable sales, and marketability of the property.

The following tables present the Company’s financial assets that are measured at fair value on a nonrecurring basis for each of the fair value hierarchy levels.

	March 31, 2015
(in thousands)	Level 1		Level 2		Level 3		Total
Collateral-dependent impaired loans	$	—	$	33,818	$	—	$	33,818
Other real estate owned		—		—		18,414		18,414
Total nonrecurring fair value measurements	$	—	$	33,818	$	18,414	$	52,232

	December 31, 2014
(in thousands)	Level 1		Level 2		Level 3		Total
Collateral-dependent impaired loans	$	—	$	30,204	$	—	$	30,204
Other real estate owned		—		—		29,715		29,715
Total nonrecurring fair value measurements	$	—	$	30,204	$	29,715	$	59,919

Accounting guidance from the FASB requires the disclosure of estimated fair value information about certain on- and off-balance sheet financial instruments, including those financial instruments that are not measured and reported at fair value on a recurring basis. The significant methods and assumptions used by the Company to estimate the fair value of financial instruments are discussed below.

Cash, Short-Term Investments and Federal Funds Sold - For these short-term instruments, the carrying amount is a reasonable estimate of fair value.

34

Hancock Holding Company and Subsidiaries

Notes to Consolidated Financial Statements

(Unaudited)

5. Fair Value (continued)

Securities – The fair value measurement for securities available for sale was discussed earlier in the note. The same measurement techniques were applied to the valuation of securities held to maturity.

Loans, Net – The fair value measurement for certain impaired loans was discussed earlier in the note. For the remaining portfolio, fair values were generally determined by discounting scheduled cash flows using discount rates determined with reference to current market rates at which loans with similar terms would be made to borrowers of similar credit quality.

Loans Held for Sale – These loans are recorded at fair value and carried at the lower of cost or market. The carrying amount is considered a reasonable estimate of fair value.

Deposits – The accounting guidance requires that the fair value of deposits with no stated maturity, such as noninterest-bearing demand deposits, interest-bearing checking and savings accounts, be assigned fair values equal to amounts payable upon demand (“carrying amounts”). The fair value of fixed-maturity certificates of deposit is estimated using the rates currently offered for deposits of similar remaining maturities.

Securities Sold under Agreements to Repurchase, Federal Funds Purchased, and FHLB Borrowings – For these short-term liabilities, the carrying amount is a reasonable estimate of fair value.

Long-Term Debt – The fair value is estimated by discounting the future contractual cash flows using current market rates at which debt with similar terms could be obtained.

Derivative Financial Instruments – The fair value measurement for derivative financial instruments was discussed earlier in the note.

35

Hancock Holding Company and Subsidiaries

Notes to Consolidated Financial Statements

(Unaudited)

5. Fair Value (continued)

The following tables present the estimated fair values of the Company’s financial instruments by fair value hierarchy levels and the corresponding carrying amount at March 31, 2015 and December 31, 2014:

	March 31, 2015
(in thousands)	Level 1		Level 2		Level 3		Total Fair Value		Carrying Amount
Financial assets:
Cash, interest-bearing bank deposits, and federal funds sold	$	849,533	$	—	$	—	$	849,533	$	849,533
Available for sale securities		2,826		1,822,782		—		1,825,608		1,825,608
Held to maturity securities		—		2,316,118		—		2,316,118		2,282,296
Loans, net		—		33,818		13,833,218		13,867,036		13,796,000
Loans held for sale		—		19,950		—		19,950		19,950
Derivative financial instruments		—		28,562		—		28,562		28,562
Financial liabilities:
Deposits	$	—	$	—	$	16,430,295	$	16,430,295	$	16,860,485
Federal funds purchased		11,175		—		—		11,175		11,175
Securities sold under agreements to repurchase		544,075		—		—		544,075		544,075
FHLB borrowings		200,000		—		—		200,000		200,000
Long-term debt		—		508,095		—		508,095		516,007
Derivative financial instruments		—		29,379		—		29,379		29,379

36

Hancock Holding Company and Subsidiaries

Notes to Consolidated Financial Statements

(Unaudited)

5. Fair Value (continued)

	December 31, 2014
(in thousands)	Level 1		Level 2		Level 3		Total Fair Value		Carrying Amount
Financial assets:
Cash, interest-bearing bankdeposits, and federal funds sold	$	1,159,403	$	—	$	—	$	1,159,403	$	1,159,403
Available for sale securities		9,553		1,650,612		—		1,660,165		1,660,165
Held to maturity securities		—		2,186,340		—		2,186,340		2,166,289
Loans, net		—		30,204		13,672,427		13,702,631		13,766,514
Loans held for sale		—		20,252		—		20,252		20,252
Derivative financial instruments		—		19,432		—		19,432		19,432
Financial liabilities:
Deposits	$	—	$	—	$	16,398,878	$	16,398,878	$	16,572,831
Federal funds purchased		12,000		—		—		12,000		12,000
Securities sold under agreements to repurchase		624,573		—		—		624,573		624,573
FHLB borrowings		515,000		—		—		—		515,000
Long-term debt		—		346,379		—		346,379		374,371
Derivative financial instruments		—		20,860		—		20,860		20,860

6. Derivatives

Risk Management Objective of Using Derivatives

The Company enters into derivative financial instruments to manage risks related to differences in the amount, timing, and duration of the Company’s known or expected cash receipts and its known or expected cash payments, currently related to our variable rate borrowing. The Bank has also entered into interest rate derivative agreements as a service to certain qualifying customers. The Bank manages a matched book with respect to these customer derivatives in order to minimize their net risk exposure resulting from such agreements. The Bank also enters into risk participation agreements under which they may either sell or buy credit risk associated with a customer’s performance under certain interest rate derivative contracts related to loans in which participation interests have been sold to or purchased from other banks.

37

Hancock Holding Company and Subsidiaries

Notes to Consolidated Financial Statements

(Unaudited)

6. Derivatives (continued)

Fair Values of Derivative Instruments on the Balance Sheet

The table below presents the notional amounts and fair values of the Company’s derivative financial instruments as well as their classification on the consolidated balance sheets as of March 31, 2015 and December 31, 2014.

						Fair Values (1)
	Type of Hedge	Notional Amounts				Assets				Liabilities
(in thousands)		March 31, 2015		December 31, 2014		March 31, 2015		December 31, 2014		March 31, 2015		December 31, 2014
Derivatives designated as hedging instruments:
Interest rate swaps	Cash Flow	$	300,000	$	300,000	$	399	$	—	$	—	$	592
		$	300,000	$	300,000	$	399	$	—	$	—	$	592
Derivatives not designated as hedging instruments:
Interest rate swaps (2)	N/A	$	754,970	$	747,754	$	22,914	$	17,806	$	23,830	$	18,419
Risk participation agreements	N/A		79,887		80,438		127		125		241		208
Forward commitments to sell residential mortgage loans	N/A		70,421		52,238		55		80		764		250
Interest rate-lock commitments on residential mortgage loans	N/A		51,986		33,068		577		111		25		44
Foreign exchange forward contracts	N/A		68,756		89,432		4,490		1,310		4,519		1,347
		$	1,026,020	$	1,002,930	$	28,163	$	19,432	$	29,379	$	20,268

(1) Derivative assets and liabilities are reported with other assets or other liabilities, respectively, in the consolidated balance sheets.

(2) The notional amount represents both the customer accommodation agreements and offsetting agreements with unrelated financial institutions.

Cash Flow Hedges of Interest Rate Risk

The Company is party to an interest rate swap agreement with a notional amount of $300 million under which the Company received interest at a fixed rate and paid at a variable rate. The derivative instrument represented by this swap agreement was designated as and qualifies as a cash flow hedge of the Company’s forecasted variable cash flows for a pool of variable rate loans. The swap agreement expires in January, 2017.

During the term of the swap agreement, the effective portion of changes in the fair value of the derivative instrument is recorded in accumulated other comprehensive income (“AOCI”) and subsequently reclassified into earnings in the periods that the hedged forecasted variable-rate interest payments affects earnings. The impact on AOCI was insignificant in the first quarter of 2015. There was no ineffective portion of the change in fair value of the derivative recognized directly in earnings.

38

Hancock Holding Company and Subsidiaries

Notes to Consolidated Financial Statements

(Unaudited)

6. Derivatives (continued)

Derivatives Not Designated as Hedges

Customer interest rate derivative program

The Bank enters into interest rate derivative agreements, primarily rate swaps, with commercial banking customers to facilitate their risk management strategies. The Bank enters into offsetting agreements with unrelated financial institutions, thereby mitigating its net risk exposure resulting from such transactions. Because the interest rate derivatives associated with this program do not meet hedge accounting requirements, changes in the fair value of both the customer derivatives and the offsetting derivatives are recognized directly in earnings.

Risk participation agreements

The Bank also enters into risk participation agreements under which it may either assume or sell credit risk associated with a borrower’s performance under certain interest rate derivative contracts. In those instances where the Bank has assumed credit risk, it is not a direct counterparty to the derivative contract with the borrower and has entered into the risk participation agreement because it is a party to the related loan agreement with the borrower. In those instances in which the Bank has sold credit risk, it is the sole counterparty to the derivative contract with the borrower and has entered into the risk participation agreement because other banks participate in the related loan agreement. The Bank manages their credit risk under risk participation agreements by monitoring the creditworthiness of the borrower, based on its normal credit review process.

Mortgage banking derivatives

The Bank also enters into certain derivative agreements as part of its mortgage banking activities. These agreements include interest rate lock commitments on prospective residential mortgage loans and forward commitments to sell these loans to investors on a best efforts delivery basis.

Customer foreign exchange forward contract derivatives

The Bank enters into foreign exchange forward derivative agreements, primarily forward currency contracts, with commercial banking customers to facilitate its risk management strategies. The Bank manages its risk exposure from such transactions by entering into offsetting agreements with unrelated financial institutions. Because the foreign exchange forward contract derivatives associated with this program do not meet hedge accounting requirements, changes in the fair value of both the customer derivatives and the offsetting derivatives are recognized directly in earnings.

Effect of Derivative Instruments on the Income Statement

The effect of the Company’s derivative financial instruments on the income statement was immaterial for the three-month periods ended March 31, 2015 and 2014.

39

Hancock Holding Company and Subsidiaries

Notes to Consolidated Financial Statements

(Unaudited)

6. Derivatives (continued)

Credit risk-related Contingent Features

Certain of the Bank’s derivative instruments contain provisions allowing the financial institution counterparty to terminate the contracts in certain circumstances, such as the downgrade of the Bank’s credit ratings below specified levels, a default by the Bank on its indebtedness, or the failure of the Bank to maintain specified minimum regulatory capital ratios or its regulatory status as a well-capitalized institution. These derivative agreements also contain provisions regarding the posting of collateral by each party. As of March 31, 2015, the aggregate fair value of derivative instruments with credit risk-related contingent features that were in a net liability position was $9.6 million, for which the Bank had posted collateral of $27.3 million.

Offsetting Assets and Liabilities

Offsetting information in regards to derivative assets and liabilities subject to master netting agreements at March 31, 2015 and December 31, 2014 is presented in the following tables:

	Gross Amounts Recognized		Gross Amounts Offset in the Statement of Financial Position		Net Amounts Presented in the Statement of Financial Position		Gross Amounts Not Offset in the Statement of Financial Position
(in thousands)							Financial Instruments		Cash Collateral		Net Amount
As of March 31, 2015
Derivative Assets	$	23,041	$	—	$	23,041	$	189	$	—	$	22,852
Total	$	23,041	$	—	$	23,041	$	189	$	—	$	22,852
Derivative Liabilities	$	24,071	$	—	$	24,071	$	189	$	27,118	$	(3,236	)
Total	$	24,071	$	—	$	24,071	$	189	$	27,118	$	(3,236	)
As of December 31, 2014
Derivative Assets	$	17,931	$	—	$	17,931	$	936	$	—	$	16,995
Total	$	17,931	$	—	$	17,931	$	936	$	—	$	16,995
Derivative Liabilities	$	18,627	$	—	$	18,627	$	936	$	17,343	$	348
Total	$	18,627	$	—	$	18,627	$	936	$	17,343	$	348

40

Hancock Holding Company and Subsidiaries

Notes to Consolidated Financial Statements

(Unaudited)

7. Stockholders’ Equity

Stock Repurchase Program

In March 2015, the Company completed the stock repurchase program approved by the Company’s board of directors on July 16, 2014 which authorized the repurchase of up to 5%, or approximately 4 million shares, of its outstanding common stock. The approved plan allowed the Company to repurchase its common shares either in the open market in compliance with Rule 10b-18 promulgated under the Securities Exchange Act of 1934, as amended, or in privately negotiated transactions with non-affiliated sellers or as otherwise determined by the Company. Under this plan, the Company repurchased a total of 4.1 million shares of our common stock at an average price of $30.02 per share.

Accumulated Other Comprehensive Income (Loss)

Accumulated other comprehensive income (loss) (“AOCI”) is reported as a component of stockholders’ equity. AOCI can include, among other items, unrealized holding gains and losses on securities available for sale (“AFS”), gains and losses associated with pension or other post retirement benefits that are not recognized immediately as a component of net periodic benefit cost, and gains and losses on derivative instruments that are designated as, and qualify as, cash flow hedges. Net unrealized gains/losses on AFS securities reclassified as securities held to maturity (“HTM”) also continue to be reported as a component of AOCI and will be amortized over the estimated remaining life of the securities as an adjustment to interest income. The components of AOCI are reported net of related tax effects.

The components of AOCI and changes in those components are presented in the following table:

(in thousands)	Available for Sale Securities			HTM Securities Transferred from AFS			Employee Benefit Plans			Loss on Effective Cash Flow Hedges			Total
Balance, December 31, 2013	$	8,263		$	(21,189	)	$	(22,453	)	$	—		$	(35,379	)
Other comprehensive income before income taxes:
Net change in unrealized (loss) gain		4,514			—			—			—			4,514
Reclassification of net losses realized and included in earnings		—			—			53			—			53
Amortization of unrealized net loss on securities transferred to HTM		—			665			—			—			665
Income tax expense		1,598			225			19			—			1,842
Balance, March 31, 2014	$	11,179		$	(20,749	)	$	(22,419	)	$	—		$	(31,989	)
Balance, December 31, 2014	$	18,001		$	(19,074	)	$	(48,626	)	$	(375	)	$	(50,074	)
Other comprehensive income before income taxes:
Net change in unrealized gain		4,421			—			—			992			5,413
Reclassification of net losses realized and included in earnings		(165	)		—			770			—			605
Amortization of unrealized net loss on securities transferred to HTM		—			647			—			—			647
Income tax expense		1,481			238			280			361			2,360
Balance, March 31, 2015	$	20,776		$	(18,665	)	$	(48,136	)	$	256		$	(45,769	)

41

Hancock Holding Company and Subsidiaries

Notes to Consolidated Financial Statements

(Unaudited)

7. Stockholders’ Equity (continued)

The following table shows the line item affected by amounts reclassified from accumulated other comprehensive income:

Amount reclassified from AOCI (in thousands)	Three Months Ended March 31,				Increase (decrease) in affected line item on the income statement
	2015		2014
Gain on sale of AFS securities	$	165	$	—	Securities gains (losses)
Tax effect		58		—	Income taxes
Net of tax		107		—	Net income
Amortization/accretion of unrealized net gain/(loss) on securities transferred to HTM	$	647	$	665	Interest income
Tax effect		238		225	Income taxes
Net of tax		409		440	Net income
Amortization of defined benefit pension and post-retirement items	$	770	$	53	(a) Employee benefits expense
Tax effect		280		19	Income taxes
Net of tax		490		34	Net income
Total reclassifications, net of tax	$	1,006	$	474	Net income

(a) These accumulated other comprehensive income components are included in the computation of net periodic pension and post-retirement cost that is reported with employee benefits expense (see Note 10 for additional details).

42

Hancock Holding Company and Subsidiaries

Notes to Consolidated Financial Statements

(Unaudited)

8. Earnings Per Share

Hancock calculates earnings per share using the two-class method. The two-class method allocates net income to each class of common stock and participating security according to common dividends declared and participation rights in undistributed earnings. Participating securities consist of unvested stock-based payment awards that contain nonforfeitable rights to dividends or dividend equivalents.

A summary of the information used in the computation of earnings per common share follows:

	Three Months Ended March 31,
(in thousands, except per share data)	2015		2014
Numerator:
Net income to common shareholders	$	40,159	$	49,115
Net income allocated to participating securities - basic and diluted		935		1,081
Net income allocated to common shareholders - basic and diluted	$	39,224	$	48,034
Denominator:
Weighted-average common shares - basic		79,496		82,277
Dilutive potential common shares		165		257
Weighted-average common shares - diluted		79,661		82,534
Earnings per common share:
Basic	$	0.49	$	0.58
Diluted	$	0.49	$	0.58

Potential common shares consist of employee and director stock options. These potential common shares do not enter into the calculation of diluted earnings per share if the impact would be anti-dilutive, i.e., increase earnings per share or reduce a loss per share. Weighted-average anti-dilutive potential common shares totaled 862,402 and 689,958, respectively, for the three months ended March 31, 2015 and March 31, 2014.

43

Hancock Holding Company and Subsidiaries

Notes to Consolidated Financial Statements

(Unaudited)

9. Share-Based Payment Arrangements

Hancock maintains incentive compensation plans that provide for awards of share-based compensation to employees and directors. These plans have been approved by the Company’s shareholders. Detailed descriptions of these plans were included in Note 12 to the consolidated financial statements in the Company’s Annual Report on Form 10-K for the year ended December 31, 2014.

A summary of option activity for the three months ended March 31, 2015 is presented below:

Options	Number of Shares			Weighted Average Exercise Price		Weighted Average Remaining Contractual Term (Years)		Aggregate Intrinsic Value ($000)
Outstanding at January 1, 2015		933,750		$	37.03
Exercised		—			—
Cancelled/Forfeited		(11,473	)		36.79
Expired		(75,480	)		31.20
Outstanding at March 31, 2015		846,797		$	37.55		4.4	$	15
Exercisable at March 31, 2015		691,344		$	39.20		3.8	$	6

The total intrinsic value of options exercised during the three months ended March 31, 2015 and 2014 was $0.5 million and $0.2 million, respectively.

A summary of the status of the Company’s nonvested restricted and performance shares as of March 31, 2015 and changes during the three months ended March 31, 2015, is presented below. These restricted and performance shares are subject to service requirements.

	Number of Shares			Weighted Average Grant Date Fair Value
Nonvested at January 1, 2015		2,040,299		$	32.27
Granted		79,410			26.70
Vested		(19,136	)		36.15
Forfeited		(63,796	)		33.51
Nonvested at March 31, 2015		2,036,777		$	31.98

44

Hancock Holding Company and Subsidiaries

Notes to Consolidated Financial Statements

(Unaudited)

9. Share-Based Payment Arrangements (continued)

As of March 31, 2015, there were $40.1 million of total unrecognized compensation expense related to nonvested restricted and performance shares expected to vest. This compensation is expected to be recognized in expense over a weighted average period of 3.5 years. The total fair value of shares which vested during the three months ended March 31, 2015 and 2014 was $0.9 million and $0.8 million, respectively.

During the three months ended March 31, 2015, the Company granted 59,312 performance shares with a grant date fair value of $25.77 per share to key members of executive and senior management. The number of 2015 performance shares that ultimately vest at the end of the three-year required service period, if any, will be based on the relative rank of Hancock’s three-year total shareholder return (“TSR”) among the TSRs of a peer group of fifty regional banks. The maximum number of performance shares that could vest is 200% of the target award. The fair value of the performance awards at the grant date was determined using a Monte Carlo simulation method. Compensation expense for these performance shares will be recognized on a straight-line basis over the service period.

10. Retirement Plans

The Company has a qualified defined benefit pension plan covering all eligible employees. Eligibility is based on minimum age-related and service-related requirements as well as job classification. Accrued benefits under a nonqualified plan covering certain legacy Whitney employees were frozen as of December 31, 2012 and no future benefits will be accrued under this plan.

The Company also sponsors defined benefit postretirement plans for both legacy Hancock and legacy Whitney employees that provide health care and life insurance benefits. Benefits under the Hancock plan are not available to employees hired on or after January 1, 2000. Benefits under the Whitney plan are restricted to retirees who were already receiving benefits at the time of plan amendments in 2007 or active participants who were eligible to receive benefits as of December 31, 2007.

The following table shows the components of net periodic benefits cost included in expense for the plans for the periods indicated:

	Three Months Ended March 31,
(in thousands)	2015			2014			2015		2014
	Pension benefits						Other Post- retirement Benefits
Service cost	$	3,363		$	3,425		$	50	$	37
Interest cost		4,619			4,809			369		338
Expected return on plan assets		(8,213	)		(8,061	)		—		—
Amortization of net loss		644			8			125		157
Net periodic benefit cost	$	413		$	181		$	544	$	532

Hancock contributed $10 million to the pension plan during the first quarter of 2015. Based on currently available information, the Company does not anticipate making any further contribution during the remainder of 2015.

The Company also provides a defined contribution 401(k) retirement benefit plan. Under the plan, the Company matches 100% of the first 1% of compensation saved by a participant, and 50% of the next 5% of compensation saved.

45

Hancock Holding Company and Subsidiaries

Notes to Consolidated Financial Statements

(Unaudited)

11. Other Noninterest Income

Components of other noninterest income are as follows:

	Three Months Ended March 31,
(in thousands)	2015			2014
Income from bank owned life insurance	$	2,666		$	2,314
Credit related fees		2,457			2,732
(Loss) income from derivatives		(52	)		759
Net gain on sale of assets		7			1,682
Safety deposit box income		486			513
Other miscellaneous		2,680			2,427
Total other noninterest income	$	8,244		$	10,427

12. Other Noninterest Expense

Components of other noninterest expense are as follows:

	Three Months Ended March 31,
(in thousands)	2015		2014
Advertising	$	2,165	$	1,759
Ad valorem and franchise taxes		2,715		2,661
Printing and supplies		1,217		1,031
Insurance expense		922		1,040
Travel expense		1,219		896
Entertainment and contributions		1,639		1,412
Tax credit investment amortization		2,095		2,172
Other miscellaneous		2,834		4,846
Total other noninterest expense	$	14,806	$	15,817

46

Hancock Holding Company and Subsidiaries

Notes to Consolidated Financial Statements

(Unaudited)

13. New Accounting Pronouncements

In April 2015, the FASB (Financial Accounting Standards Board) issued an Accounting Standard Update (“ASU”) to simplify presentation of debt issuance costs by requiring that debt issuance costs related to a recognized debt liability be presented in the balance sheet as a direct deduction from the carrying amount of that debt liability, consistent with debt discounts. The amendments in this update are effective for public business entities for fiscal years beginning after December 15, 2015. Early adoption of the amendments in this update is permitted for financial statements that have not been previously issued. The adoption of this guidance is not expected to have a material impact on the Company’s financial condition or results of operations.

In January 2015, the FASB issued an ASU to address the elimination of the concept of extraordinary items. The standard is the first in the FASB’s simplification initiative that is aimed at reducing the cost and complexity of financial reporting while improving or maintaining the usefulness of information reported to investors. The amendments in this update are effective for fiscal years, and for interim periods within those fiscal years, beginning after December 15, 2015. Early adoption is permitted but adoption must occur at the beginning of the year. The Company adopted this guidance in January and it did not have a material impact on the Company’s financial condition or results of operations.

In August 2014, the FASB issued an ASU to address the diversity in practice regarding the classification and measurement of foreclosed loans which were part of a government-sponsored loan guarantee program (e.g. “HUD,” “FHA,” “VA”). The ASU outlines certain criteria that, if met, the loan (residential or commercial) should be derecognized and a separate other receivable should be recorded upon foreclosure at the amount of the loan balance (principal and interest) expected to be recovered from the guarantor. This ASU was effective for annual reporting periods beginning after December 15, 2014, including interim periods within that reporting period. The adoption of this guidance did not have a material impact on the Company’s financial condition or results of operations.

In June 2014, the FASB issued an ASU regarding repurchase-to-maturity transactions, repurchase financings, and disclosures. Under the new standard, repurchase-to-maturity transactions will be reported as secured borrowings, and transferors will no longer apply the current “linked” accounting model to repurchase agreements executed contemporaneously with the initial transfer of the underlying financial asset with the same counterparty. Public business entities are generally required to apply the accounting changes and comply with the enhanced disclosure requirements for periods beginning after December 15, 2014 and interim periods beginning after March 15, 2015. A public business entity may not early adopt the standard’s provisions. The adoption of this guidance did not have a material impact on the Company’s financial condition or results of operations.

47

Hancock Holding Company and Subsidiaries

Notes to Consolidated Financial Statements

(Unaudited)

13. New Accounting Pronouncements (continued)

In May 2014, the FASB issued an ASU regarding revenue from contracts with customers affecting any entity that enters into contracts with customers to transfer goods or services or enters into contracts for the transfer of nonfinancial assets unless those contracts are within the scope of other standards. The core principle of this standard is that an entity should recognize revenue to depict the transfer of promised goods or services to customers in an amount that reflects the consideration to which the entity expects to be entitled in exchange for those goods or services. The standard will be effective for the Company for periods beginning after December 15, 2016. The Company is currently assessing this pronouncement and adoption of this guidance is not expected to have a material impact on the Company’s financial condition or results of operations.

In January 2014, the FASB issued an ASU on reclassification of residential real estate collateralized consumer mortgage loans upon foreclosure. The new ASU clarifies 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 receivable should be derecognized and the real estate property recognized. The new ASU requires a creditor to reclassify a collateralized consumer mortgage loan to real estate property 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 ASU is effective for interim and annual reporting periods beginning after December 15, 2014. The new disclosure requirements are included at the end of Note 3 - Loans and Allowance for Loan Losses. The adoption of this guidance did not have a material impact on the Company’s financial condition or results of operations.

In January 2014, the FASB issued an ASU in order to provide guidance on accounting for investments in flow-through limited liability entities that manage or invest in affordable housing projects that qualify for low-income housing tax credit (“LIHTC”). Through the Company’s investments in these entities, the Company receives tax credits and/or tax deductions from operating losses, which are allowable on the Company’s filed income tax returns over the life of the project beginning with the first year the tax credits are earned. The ASU was effective beginning with the Company’s first quarter ending March 31, 2015. The adoption of this guidance did not have a material impact to the financial condition, results of operations, or liquidity of the Company.

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Item 2. Management’s Discussion and Analysis of Financial Condition and Results of Operations

OVERVIEW

NON-GAAP FINANCIAL MEASURES

Throughout Management’s Discussion and Analysis of Financial Condition and Results of Operations, management uses several non-GAAP financial measures including Operating Income, Core Income, Core Net Interest Income and Core Net Interest Margin. These measures are provided to assist the reader with better understanding the Company’s financial condition and results of operations.

We define Operating Income as net income less tax-effected nonoperating expense items and securities gains/losses. Management believes this is a useful financial measure as it enables investors to assess ongoing operations and compare the Company’s fundamental operational performance from period to period. A reconciliation of Net Income to Operating Income is included in Selected Financial Data. The components of nonoperating expense are further discussed in the Noninterest Expense section of this item.

We define Core Income as Operating Income excluding the tax-effected purchase accounting adjustments. A reconciliation of Operating Income to Core Income is included in Selected Financial Data. We define Core Net Interest Income as reported taxable equivalent (te) net interest income excluding net purchase accounting adjustments. We define Core Net Interest Margin as Core Net Interest Income expressed as a percentage of average earning assets. A reconciliation of Reported Net Interest Income to Core Net Interest Income and Reported Net Interest Margin to Core Net Interest Margin is included in the Net Interest Income section of this item. Management believes that Core Income, Core Net Interest Income and Core Net Interest Margin provide a useful measure to investors regarding the Company’s performance period over period as well as providing investors with assistance in understanding the success management has experienced in executing its strategic initiatives.

Recent Economic and Industry Developments

The Federal Reserve publishes its Summary of Commentary on Current Economic Conditions (the “Beige Book”) eight times a year, most recently on April 15, 2015. The Beige Book includes summaries from all 12 Banks in the Federal Reserve System. Reports from the Atlanta Bank and the Dallas Bank indicate continued improvement of economic activity throughout most of Hancock’s market area. However, activity among energy-related businesses operating mainly in Hancock’s south Louisiana and Houston, Texas market areas continued to decline. The travel and tourism industry, which is important within several of the Company’s market areas, saw an increase in activity with many hotels and resorts reporting high occupancy levels. Companies reported that lower gas prices encouraged travel to the areas in which we operate. Outlooks for the second quarter were optimistic. Auto sales were a little softer, but dealers noted that buyers were purchasing larger vehicles due to low gas prices. Reports on manufacturing activity were generally positive, with nearly half of purchasing managers polled expecting higher production over the next three to six months.

The real estate markets for residential properties were mixed. Some of Hancock’s market areas reported growth in activity, while others were slightly down to flat. Inventory levels declined year-over-year. The demand for apartments increased, keeping occupancy rates at high levels. The outlook for home sales is positive, with brokers expecting to see an increase in sales over the next three months. New home sales and construction activity are flat to slightly ahead of prior-year levels and expected to improve modestly.

The commercial real estate market continues to improve, with growing demand for office and industrial space in certain market areas. Commercial construction activity has increased in these sectors. Continued improvement is expected in the commercial real estate market.

Loan demand across most of the markets that Hancock serves has increased slightly since the last Beige Book report, but competition for quality borrowers remains stiff. Consumer lending and business outside the oil and gas industry increased, while commercial real estate held steady. The outlook for increased growth was cautiously optimistic.

The overall U.S. economy continued to expand, with almost all regions showing modest to moderate growth rates. Confidence in the prospect of a higher rate of sustained growth is improving for businesses and consumers alike, although uncertainties remain about such matters as the health of the international economy and the implications of pending or proposed changes in U.S. fiscal and tax policies and regulations.

Highlights of First Quarter 2015 Financial Results

Net income in the first quarter of 2015 was $40.2 million, or $0.49 per diluted common share, compared to $40.1 million, or $0.48 per share, in the fourth quarter of 2014. Net income was $49.1 million, or $0.58 per share, in the first quarter of 2014. Net income for the first quarter of 2015 and fourth quarter of 2014 reflect the impact of nonoperating items totaling $7.3 million in the first quarter and $9.7 million in the fourth quarter. The first quarter of 2014 was not impacted by certain nonoperating items.

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Operating income for the first quarter of 2015 was $44.7 million or $0.55 per diluted common share, compared to $46.4 million, or $0.56 per share, in the fourth quarter of 2014. Operating income was $49.1 million, or $0.58 per share, in the first quarter of 2014. First quarter 2015 core income was $39.6 million, or $0.49 per diluted common share, compared to $41.5 million, or $0.50 per share, in the fourth quarter of 2014. Core income was $37.7 million, or $0.45, in the first quarter of 2014.

Highlights of the Company’s first quarter of 2015 results:

• Relatively stable operating results impacted by seasonality and the energy cycle

• Completed 5% share buyback authorization

• Issued $150 million of subordinated debt to support future growth

• End of period loan balances increased $92 million, or 3% linked-quarter annualized (“LQA”); excludes net paydowns in the energy and non-FDIC acquired loan portfolios; average loans increased $291 million, or 8.6% LQA

• Average noninterest-bearing demand deposits increased $75 million, or 5.1%, LQA

The Company’s total allowance for loan losses was $128.4 million at March 31, 2015, down $0.4 million from December 31, 2014. The allowance maintained on the non-FDIC acquired portion of the loan portfolio increased $2.6 million linked quarter, totaling $100.7 million, and the impaired reserve on the FDIC acquired portfolio declined $2.9 million from December 31, 2014. The increase in the non-FDIC acquired portion of the loan portfolio is attributable to some downward pressure on risk ratings related to loans in the Company’s energy portfolio as pricing pressures on oil continued during the quarter. Management believes that if further risk rating downgrades occur in the energy portfolio, additional loan loss provisions may be necessary, but will not translate to significant losses. The impact and severity will ultimately depend on the overall oil price reduction and duration of the cycle.

RESULTS OF OPERATIONS

Net Interest Income

Net interest income (te) for the first quarter of 2015 was $161.1 million, down $2.5 million from the fourth quarter of 2014, primarily due to two fewer days in the first quarter of 2015 compared to the fourth quarter of 2014. Excluding the impact of purchase accounting adjustments and the number of days in the quarter, net interest income (te) was up approximately $0.8 million as average total loans increased $291million. For analytical purposes, management adjusts net interest income to a taxable equivalent basis using a 35% federal tax rate on tax exempt items (primarily interest on municipal securities and loans).

Net interest income (te) for the first quarter of 2015 was down $7.1 million, or 4%, compared to the first quarter of 2014. The $13 million reduction in total purchase accounting accretion was partially offset by interest earned on a $1.5 billion increase in average loans. A number of loan growth initiatives were implemented in 2014 to improve the Company’s earning asset mix and generate additional revenue. As a result of these initiatives, average loans comprised 76% of average earning assets in the current quarter compared to 74% in the first quarter of 2014.

The net interest margin was 3.55% for the first quarter of 2015, down 8 bps from the fourth quarter of 2015, and down 51 bps from the first quarter of 2014. The current quarter’s core net interest margin of 3.21% compressed 6 bps compared to the fourth quarter of 2014 and 16 bps compared to the first quarter of 2014. The primary driver for the reduction in the net interest margin was the decline in the loan yield. The reported loan portfolio yield of 4.36% for the current quarter was down 5 bps from the fourth quarter of 2014 and 64 bps from the first quarter of 2014. Excluding purchase-accounting accretion, the loan yield of 3.88% in the current quarter was down 3 bps from the fourth quarter of 2014 and 15 bps from a year earlier. However, when excluding, the impact of fees and interest income related to the volatile FDIC acquired portfolio, loan yield excluding purchase accounting adjustments was basically flat linked quarter.

The overall reported yield on earning assets was 3.79% in the first quarter of 2015, declining 7 bps from the fourth quarter of 2014 and 50 bps from the first quarter of 2014. This decrease was primarily a result of the lower yields on the loan portfolio noted above.

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The cost of funding earning assets was 0.24% in the first quarter of 2015, up 1 bp from the fourth quarter of 2014. This increase was attributable to the issuance of $150 million in subordinated debt in early March at a rate of 5.95%.

The cost of funding earning assets also increased 1 bp from the first quarter of 2014. The 23 bps increase in the rate paid on long-term debt and a 5 bps increase in overall rate paid on interest-bearing deposits were offset by the effect of the early redemption in the second quarter of 2014 of $115 million in fixed rate reverse repurchase obligations with an average rate of 3.43%. This early redemption resulted in a 46 bps reduction in the average rate paid on short-term borrowings compared to the first quarter of 2014. The increase in deposit rates reflects the initiatives implemented during the second quarter of 2014 to increase deposits in an effort to support the funding for loan growth.

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The following tables detail the components of our net interest income and net interest margin.

	Three Months Ended
	March 31, 2015							December 31, 2014							March 31, 2014
(dollars in millions)	Volume		Interest		Rate			Volume		Interest		Rate			Volume		Interest		Rate
Average earning assets
Commercial & real estate loans (te) (a) (b)	$	10,235.2	$	106.8		4.23	%	$	9,943.4	$	105.8		4.23	%	$	9,095.7	$	107.9		4.81	%
Mortgage loans		1,902.9		20.4		4.30			1,886.2		20.3		4.31			1,720.6		21.3		4.96
Consumer loans		1,731.3		21.9		5.13			1,748.6		23.9		5.43			1,563.1		23.1		6.00
Loan fees & late charges		—		0.3					—		0.6		—			—		0.8
Total loans (te)		13,869.4		149.4		4.36			13,578.2		150.6		4.41			12,379.4		153.1		5.00
Loans held for sale		15.6		0.1		2.45			15.4		0.2		4.27			19.2		0.2		4.06
US Treasury and agency securities		275.0		1.1		1.58			300.0		1.1		1.52			93.5		0.5		2.28
Mortgage-backed securities and CMOs		3,290.5		18.6		2.26			3,324.5		19.1		2.30			3,612.8		21.2		2.34
Municipals (te) (a)		195.8		2.3		4.61			199.3		2.3		4.63			217.0		2.5		4.56
Other securities		11.6		0.1		4.47			12.3		0.1		2.24			12.3		0.1		3.87
Total securities (te) (c)		3,772.9		22.1		2.35			3,836.1		22.6		2.36			3,935.6		24.3		2.47
Total short-term investments		657.9		0.4		0.22			481.4		0.3		0.23			406.2		0.2		0.23
Average earning assets (te)	$	18,315.8	$	172.0		3.79	%	$	17,911.1	$	173.7		3.86	%	$	16,740.4	$	177.8		4.29	%
Average interest-bearing liabilities
Interest-bearing transaction and savings deposits	$	6,506.8	$	2.2		0.14	%	$	6,380.3	$	2.1		0.13	%	$	6,072.1	$	1.5		0.10	%
Time deposits		2,238.8		3.7		0.67			2,064.3		3.5		0.68			2,170.4		3.1		0.58
Public funds		1,815.4		1.2		0.27			1,598.5		1.1		0.28			1,526.6		0.8		0.20
Total interest-bearing deposits		10,561.0		7.1		0.27			10,043.1		6.7		0.27			9,769.1		5.4		0.22
Short-term borrowings		920.5		0.2		0.08			1,135.3		0.3		0.09			785.1		1.0		0.54
Long-term debt		412.9		3.6		3.57			376.8		3.1		3.28			386.0		3.2		3.34
Total borrowings		1,333.4		3.8		1.16			1,512.1		3.4		0.88			1,171.1		4.2		1.46
Total interest-bearing liabilities		11,894.4		10.9		0.37	%		11,555.2		10.1		0.35	%		10,940.2		9.6		0.36	%
Net interest-free funding sources		6,421.4							6,355.9							5,800.2
Total cost of funds	$	18,315.8	$	10.9		0.24	%	$	17,911.1	$	10.1		0.23	%	$	16,740.4	$	9.6		0.23	%
Net interest spread (te)			$	161.1		3.42	%			$	163.6		3.51	%			$	168.2		3.93	%
Net interest margin	$	18,315.8	$	161.1		3.55	%	$	17,911.1	$	163.6		3.63	%	$	16,740.4	$	168.2		4.06	%

(a) Tax equivalent (te) amounts are calculated using a marginal federal income tax rate of 35%.

(b) Includes nonaccrual loans.

(c) Average securities do not include unrealized holding gains/losses on available for sale securities.

Due to the significant, unsustainable contribution from purchase accounting accretion, management believes that core net interest income and core net interest margin provide meaningful financial measures to investors of the Company’s performance over time. The following table provides a reconciliation of reported and core net interest income and reported and core net interest margin.

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Reconciliation of Reported Net Interest Income and Margin to Core Net interest Income and Margin

	Three Months Ended
(dollars in millions)	March 31, 2015			December 31, 2014			March 31, 2014
Net interest income (te) (a)	$	161.1		$	163.6		$	168.2
Purchase accounting adjustments
Loan discount accretion		16.4			17.2			29.7
Bond premium amortization		(1.1	)		(1.2	)		(1.5	)
CD premium accretion		—			—			0.1
Total net purchase accounting adjustments		15.3			16.0			28.3
Net interest income (te) - core	$	145.8		$	147.6		$	139.9
Average earning assets	$	18,315.8		$	17,911.1		$	16,740.4
Net interest margin - reported		3.55	%		3.63	%		4.06	%
Net purchase accounting adjustments		0.34	%		0.36	%		0.69	%
Net interest margin - core		3.21	%		3.27	%		3.37	%

(a) Tax equivalent (te) amounts are calculated using a marginal federal income tax rate of 35%.

Provision for Loan Losses

During the first quarter of 2015, Hancock recorded a total provision for loan losses of $6.2 million, declining $3.6 million from the fourth quarter of 2014 and $1.8 million from the first quarter of 2014. The linked-quarter reduction in provision for loan losses was attributable to a lower level of loan growth and a lower amount of risk rating downgrades during the first quarter of 2015 as compared to the fourth quarter of 2014. Loans increased $547 million, or 16% LQA, during the fourth quarter of 2014 as compared to $29 million, or 1% LQA, during the first quarter of 2015. The fourth quarter risk rating downgrades were primarily due to a small number of loans that were downgraded for specific reasons related to the individual credits and not indicative of any deteriorating credit trend related to a specific industry or geography. The provision for the FDIC acquired portfolio was a small net credit in each of the three-month periods ended March 31, 2015, December 31, 2014, and March 31, 2014.

The section below on “Allowance for Loan Losses and Asset Quality” provides additional information on changes in the allowance for loan losses and general credit quality. Certain differences in the determination of the allowance for loan losses for originated loans and for acquired-performing loans and acquired-impaired loans (which includes all FDIC acquired loans) are described in Note 3 to the consolidated financial statements in the Company’s Annual Report on Form 10-K for the year ended December 31, 2014.

Noninterest Income

Noninterest income totaled $56.5 million for the first quarter of 2015, a $0.4 million, or 1%, decrease compared to the fourth quarter of 2014, and down $0.2 million from the first quarter of 2014. Excluding the impacts of lost revenue from the sale of certain insurance business lines during the second quarter of 2014, the amortization of the FDIC loss share receivable discussed further below, and securities gains, first quarter 2015 noninterest income decreased approximately $1.7 million from fourth quarter 2014, and was down $1.4 million from the first quarter of 2014.

Service charges on deposits totaled $17.3 million for the first quarter of 2015, down $1.7 million, or 9%, from the fourth quarter of 2014, and down $1.4 million, or 8%, from the first quarter of 2014. The year-over-year decrease in service charges is primarily related to a decrease in overdraft (“OD”) and NSF charges as a result of a 14% decline in OD/NSF occurrences.

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This decline is attributable, in part, to a 9% increase in average balances per account in the consumer noninterest-bearing checking portfolio, a reduction in the number of consumer accounts, mostly attributable to branch closings and sales, and a higher customer penetration rate for our OD protection product. In addition to these reasons, the linked quarter decrease is attributable to seasonality and the number of days within the reporting period.

Trust fees totaled $11.2 million for the quarter ended March 31, 2015, down $0.4 million, or 3%, from the fourth quarter of 2014. Trust fees in the fourth quarter of 2014 included approximately $0.2 million of one-time fee income. Trust fees increased $1.0 million, or 9%, compared to the first quarter of 2014 as a result of increased revenues from sales of our Hancock Horizon mutual funds via national distribution channels and increased new business in personal trusts.

Bank card and ATM fees totaled $11.2 million in the first quarter of 2015 virtually unchanged from the fourth quarter of 2014, and up $0.6 million, or 6%, compared to the first quarter of 2014. Included in bank card and ATM fees are fees from credit card, debit card and ATM transactions, and merchant service fees. Compared to the first quarter of 2014, a $0.7 million increase in credit card-related interchange fee income was partially offset by a decrease in merchant service fees. The increase in credit card fees resulted from various strategic initiatives during 2014 to increase card usage, including specific commercial card enhancements. ATM fee income in the first quarter of 2015 compared to the first quarter of 2014 was down $0.1 million, or 5%, due in part to the closing of 16 branches in July 2014 as part of the Company’s branch rationalization program.

Insurance fees totaled $1.8 million in the first quarter of 2015 compared to $1.9 million in the fourth quarter of 2014, and $3.7 million in the first quarter of 2014. The 53% decrease compared to the first quarter of 2014 resulted from the Company selling its property and casualty and group benefits insurance intermediary business in April 2014.

Fees from the secondary mortgage operations in the first quarter of 2015 were up $0.7 million, or over 30%, compared to both the fourth quarter of 2014 and the first quarter of 2014. The Company typically sells its longer-term fixed-rate loans in the secondary market while retaining in the portfolio the majority of its adjustable rate loans. We also retain loans generated through certain programs to support customer relationships including programs for high net worth individuals and non-builder construction loans. The increase in fee income during the first quarter of 2015 compared to the fourth quarter of 2014 was due to a greater portion of mortgage loans originated during the quarter being sold in the secondary market. Management expects this trend to continue through 2015.

Amortization of the FDIC loss share receivable totaled $1.2 million in the first quarter of 2015 compared to $2.1 million in the fourth quarter of 2014 and $3.9 million in the first quarter of 2014. The amortization reflects a reduction in the amount of expected reimbursements under the loss share agreements due to lower loss projections for the related FDIC acquired loan pools and the expiration of the non-single family loss share agreement.

54

The components of noninterest income are presented in the following table for the indicated periods:

	Three Months Ended
(in thousands)	March 31, 2015			December 31, 2014			March 31, 2014
Service charges on deposit accounts	$	17,315		$	19,025		$	18,712
Trust fees		11,200			11,559			10,238
Bank card and ATM fees		11,183			11,225			10,569
Investment and annuity fees		5,050			4,736			4,952
Secondary mortgage market operations		2,664			2,000			1,965
Insurance commissions and fees		1,754			1,862			3,744
Amortization of FDIC loss share receivable		(1,197	)		(2,113	)		(3,908	)
Income from bank owned life insurance		2,666			3,266			2,314
Credit-related fees		2,457			2,733			2,732
Income from derivatives		(52	)		214			759
Gain (loss) on sale of assets		7			(130	)		1,682
Safety deposit box income		486			426			513
Other miscellaneous		2,680			2,158			2,427
Securities transactions gains, net		333			—			—
Total noninterest income	$	56,546		$	56,961		$	56,699

Noninterest Expense

Noninterest expense for the first quarter of 2015 was $153.5 million, virtually flat with the fourth quarter of 2014, and up $6.5 million, or 4%, from the first quarter of 2014. Excluding nonoperating expense items, operating expense for the first quarter of 2015 totaled $146.2 million, which was up $2.1 million, or 1%, from the fourth quarter of 2014 and almost unchanged from the same period in 2014.

Nonoperating expense totaled $7.3 million in the first quarter of 2015 and $9.7 million in the fourth quarter of 2014. There were no nonoperating expenses in the first quarter of 2014. Nonoperating expenses for the first three months of 2015 included consulting and professional fees related to investments in technology to enhance the Company’s risk management processes and a net premium related to the sale of four Houston branches.

Total personnel expense, excluding $0.5 million in nonoperating expense, totaled $80.1 million for the first quarter of 2015, up slightly compared to the fourth quarter of 2014. Compensation expense decreased $2.4 million, or 4%, during the first quarter of 2015, while benefits expense increased $3.0 million linked-quarter due to both annual seasonal payroll tax expense and increased pension costs. Total personnel expense in the current quarter was $1.3 million, or 2%, less than the prior year as the 3,785 full-time-equivalent employees as of March 31, 2015, were almost 200 fewer than a year earlier.

Occupancy and equipment expenses totaled $15.1 million for the first quarter of 2015, up $0.5 million, or 4%, from the fourth quarter of 2014 and down $0.4 million, or 3%, from the first quarter of 2014, partially due to branch closings and sales in 2014.

ORE expense in the first quarter of 2015 was $0.5 million, compared to $1.0 million expense in the fourth quarter of 2014 and $1.8 million in the first quarter of 2014. The total for fourth quarter of 2014 reflects a more normalized level of quarterly expense.

55

All other expenses, excluding amortization of intangibles and $6.3 million of nonoperating expense items, totaled $44.2 million for the first quarter of 2015, up $1.7 million, or 4%, from the fourth quarter of 2014 and up $3.0 million, or 7%, from the first quarter of 2014.

The components of noninterest expense are presented in the following table for the indicated periods:

	Three Months Ended
(in thousands)	March 31, 2015		December 31, 2014		March 31, 2014
Operating expense
Compensation expense	$	64,547	$	66,986	$	67,165
Employee benefits		15,570		12,536		14,267
Personnel expense		80,117		79,522		81,432
Net occupancy expense		11,162		10,571		11,266
Equipment expense		3,933		3,986		4,274
Data processing expense		13,536		13,048		12,419
Professional services expense		6,320		7,046		6,409
Amortization of intangibles		6,318		6,445		7,038
Telecommunications and postage		3,651		3,582		3,583
Deposit insurance and regulatory fees		3,595		3,195		2,967
Other real estate owned expense, net		456		1,001		1,777
Advertising		2,157		2,525		1,759
Ad valorem and franchise taxes		2,715		2,095		2,661
Printing and supplies		1,217		1,066		1,031
Insurance expense		922		917		1,040
Travel		1,219		1,096		896
Entertainment and contributions		1,639		1,425		1,412
Tax credit investment amortization		2,095		2,227		2,172
Other expense		5,149		4,333		4,846
Total operating expense	$	146,201	$	144,080	$	146,982
Nonoperating expense items
Expense and efficiency initiatives and other items		7,314		9,667		—
Total nonoperating expense items	$	7,314	$	9,667	$	—
Total noninterest expense	$	153,515	$	153,747	$	146,982

Income Taxes

The effective income tax rate for the first quarter of 2015 was approximately 27% compared to 26% in the fourth quarter of 2014 and 27% in the first quarter of 2014. Management expects the effective tax rate for the remainder of 2015 to be approximately 27%. Hancock’s effective tax rates have varied from the 35% federal statutory rate primarily because of tax-exempt income and the use of tax credits. Interest income on bonds issued by or loans to state and municipal governments and authorities, and earnings from the bank-owned life insurance program are the major components of tax-exempt income. The main source of tax credits has been investments in tax-advantaged securities and tax credit projects. These investments are made primarily in the markets the Company serves and are directed at tax credits issued under the Qualified Zone Academy Bonds (“QZAB”), Qualified School Construction Bonds (“QSCB”), Federal and State New Market Tax Credit (“NMTC”) and Low-Income Housing Tax Credit (“LIHTC”) programs. The investments generate tax credits, which reduce current and future taxes and are recognized when earned as a benefit in the provision for income taxes.

56

The Company invests in Federal and State NMTC projects related to tax credit allocations that have been awarded to its wholly-owned Community Development Entity (“CDE”) as well as projects that utilize credits awarded to unrelated CDEs. From 2008 through 2014, the Company’s CDE was awarded three allocations totaling $148 million. These awards are expected to generate tax credits totaling $57.7 million over their respective seven-year compliance periods.

The Company intends to continue making investments in tax credit projects, though its ability to access new credits will depend upon, among other factors, federal and state tax policies and the level of competition for such credits. Based on tax credit investments that have been made, the Company expects to realize tax credits over the next three years of $10.1 million, $9.0 million and $7.8 million for 2016, 2017 and 2018, respectively.

The following table reconciles reported income tax expense to that computed at the statutory federal tax rate for the quarters-ended March 31, 2015, December 31, 2014, and March 31, 2014.

	Three Months Ended
(in thousands)	March 31, 2015			December 31, 2014			March 31, 2014
Taxes computed at statutory rate	$	19,262		$	19,008		$	23,561
Tax credits:
QZAB/QSCB		(730	)		(793	)		(769	)
NMTC - Federal and State		(2,573	)		(3,173	)		(3,433	)
LIHTC		(24	)		(113	)		(113	)
Total tax credits		(3,327	)		(4,079	)		(4,315	)
State income taxes, net of federal income tax benefit		728			1,226			1,674
Tax-exempt interest		(1,710	)		(1,610	)		(1,584	)
Bank owned life insurance		(919	)		(1,129	)		(810	)
Other, net		842			801			(325	)
Income tax expense	$	14,876		$	14,217		$	18,201

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Selected Financial Data

The following tables contain selected financial data as of the dates and for the periods indicated.

	Three Months Ended
(in thousands)	March 31, 2015		December 31, 2014		March 31, 2014
Common Share Data
Earnings per share:
Basic	$	0.49	$	0.48	$	0.58
Diluted	$	0.49	$	0.48	$	0.58
Operating earnings per share: (a)
Basic	$	0.55	$	0.56	$	0.58
Diluted	$	0.55	$	0.56	$	0.58
Core earnings per share: (b)
Basic	$	0.49	$	0.50	$	0.45
Diluted	$	0.49	$	0.50	$	0.45
Cash dividends paid	$	0.24	$	0.24	$	0.24
Book value per share (period-end)	$	31.14	$	30.74	$	29.93
Tangible book value per share (period-end)	$	21.55	$	21.37	$	20.47
Weighted average number of shares (000s):
Basic		79,496		81,326		82,277
Diluted		79,661		81,530		82,534
Period-end number of shares (000s)		77,886		80,426		82,282
Market data:
High sales price	$	31.13	$	35.67	$	38.50
Low sales price	$	24.96	$	28.68	$	32.66
Period-end closing price	$	29.86	$	30.70	$	36.65
Trading volume (000s) (c)		51,866		36,396		31,328

(a) Net income less tax-effected nonoperating expense items and securities gains/losses. Management believes that this is a useful financial measure because it enables investors to assess ongoing operations.

(b) Operating income excluding tax-effected purchase accounting adjustments. Management believes that reporting on core income provides a useful measure of financial performance that helps investors determine whether management is successfully executing its strategic initiatives.

(c) Trading volume is based on the total volume as determined by NASDAQ on the last day of the quarter.

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	Three Months Ended
(in thousands)	March 31, 2015			December 31, 2014		March 31, 2014
Income Statement:
Interest income	$	169,087		$	170,971	$	175,140
Interest income (te) (a)		172,043			173,739		177,776
Interest expense		10,929			10,158		9,578
Net interest income (te)		161,114			163,581		168,198
Provision for loan losses		6,154			9,718		7,963
Noninterest income excluding securities transactions		56,213			56,961		56,699
Securities transactions gains, net		333			—		—
Operating expense (excluding amortization of intangibles)		147,197			147,302		139,944
Amortization of intangibles		6,318			6,445		7,038
Income before income taxes		55,035			54,309		67,316
Income tax expense		14,876			14,217		18,201
Net income	$	40,159		$	40,092	$	49,115
Securities transactions gains, net		(333	)		—		—
Total nonoperating expense items		7,314			9,667		—
Taxes on adjustments at marginal tax rate		2,443			3,383		—
Total adjustments, net of taxes		4,538			6,284		—
Operating income (b)	$	44,697		$	46,376	$	49,115
Purchase accounting adjustments (net of tax)		5,078			4,839		11,373
Core income (c)	$	39,619		$	41,537	$	37,742

(a) For analytical purposes, management adjusts net interest income to a “taxable equivalent” basis using a 35% federal tax rate on tax exempt items (primarily interest on municipal securities and loans).

(b) Net income less nonoperating expense items and securities gains/losses. Management believes that this is a useful financial measure because it enables investors to assess ongoing operations.

(c) Operating income excluding tax-effected purchase accounting adjustments. Management believes that reporting on core income provides a useful measure of financial performance that helps investors determine whether management is successfully executing its strategic initiatives.

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	Three Months Ended
(in thousands)	March 31, 2015			December 31, 2014			March 31, 2014
Performance Ratios
Return on average assets		0.80	%		0.79	%		1.05	%
Return on average assets-operating (a)		0.89	%		0.92	%		1.05	%
Return on average common equity		6.65	%		6.34	%		8.18	%
Return on average common equity-operating (a)		7.41	%		7.33	%		8.18	%
Return on tangible common equity		9.60	%		9.08	%		12.04	%
Return on average tangible common equity—operating (a)		10.68	%		10.50	%		12.04	%
Earning asset yield (te)		3.79	%		3.86	%		4.29	%
Total cost of funds		0.24	%		0.23	%		0.23	%
Net interest margin (te)		3.55	%		3.63	%		4.06	%
Core net interest margin (b)		3.21	%		3.27	%		3.37	%
Noninterest income excluding securities transactions to total revenue (te)		25.87	%		25.83	%		25.21	%
Efficiency ratio (c)		64.36	%		62.41	%		62.23	%
Average loan/deposit ratio		84.13	%		85.44	%		81.07	%
FTE employees (period-end)		3,785			3,794			3,974
Capital Ratios
Common stockholders’ equity to total assets		11.70	%		11.92	%		12.96	%
Tangible common equity ratio		8.40	%		8.59	%		9.24	%

(a) Excludes tax-effected securities transactions and nonoperating expense items. Management believes that this is a useful financial measure that helps investors compare the Company’s fundamental operations over time.

(b) Reported taxable equivalent (te) net interest income, excluding net purchase accounting adjustments, expressed as a percentage of average earning assets

(c) Noninterest expense as a percent of total revenue (te) before amortization of purchased intangibles, securities transactions, and nonoperating expense items.

	Three Months Ended
(in thousands)	March 31, 2015			December 31, 2014			March 31, 2014
Asset Quality Information
Nonaccrual loans (a)	$	90,821		$	79,537		$	101,400
Restructured loans - still accruing		7,564			8,971			8,459
Total nonperforming loans		98,385			88,508			109,859
Other real estate (ORE) and foreclosed assets		42,956			59,569			69,813
Total nonperforming assets	$	141,341		$	148,077		$	179,672
Accruing loans 90 days past due (a)		5,872			4,825			3,998
Net charge-offs - non-FDIC acquired		3,654			2,638			3,978
Net charge-offs - FDIC acquired		2,455			(624	)		2,510
Allowance for loan losses		128,386			128,762			128,248
Provision for loan losses		6,154			9,718			7,963
Nonperforming assets to loans, ORE and foreclosed assets		1.01	%		1.06	%		1.43	%
Accruing loans 90 days past due to loans		0.04	%		0.03	%		0.03	%
Nonperforming assets + accruing loans 90 days past due to loans, ORE and foreclosed assets		1.05	%		1.10	%		1.46	%
Net charge-offs - non-FDIC acquired to average loans		0.11	%		0.08	%		0.13	%
Allowance for loan losses to period-end loans		0.92	%		0.93	%		1.02	%
Allowance for loan losses to nonperforming loans + accruing loans 90 days past due		123.14	%		137.96	%		112.64	%

(a) Nonaccrual loans and accruing loans past due 90 days or more do not include acquired-impaired loans with an accretable yield. Included in nonaccrual loans are $5.0 million, $7.0 million, and $16.1 million in restructured loans at March 31, 2015, December 31, 2014, and March 31, 2014, respectively.

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Supplemental Asset Quality Information	Originated		Acquired (a)		FDIC acquired (b)		Total
(in thousands)	March 31, 2015
Nonaccrual loans (c)	$	83,412	$	5,820	$	1,589	$	90,821
Restructured loans - still accruing		7,564		—		—		7,564
Total nonperforming loans		90,976		5,820		1,589		98,385
ORE and foreclosed assets (d)		29,380		—		13,576		42,956
Total nonperforming assets		120,356		5,820		15,165		141,341
Accruing loans 90 days past due		5,659		213		—		5,872
Allowance for loan losses		100,494		254		27,638		128,386
	December 31, 2014
Nonaccrual loans	$	71,296	$	6,139	$	2,102	$	79,537
Restructured loans - still accruing		8,971		—		—		8,971
Total nonperforming loans		80,267		6,139		2,102		88,508
ORE and foreclosed assets		40,148		—		19,421		59,569
Total nonperforming assets		120,415		6,139		21,523		148,077
Accruing loans 90 days past due		4,564		261		—		4,825
Allowance for loan losses		97,701		477		30,584		128,762

Loans Outstanding	Originated		Acquired (a)			FDIC acquired (b)			Total
(in thousands)	March 31, 2015
Commercial non-real estate loans	$	5,861,887	$	118,260		$	6,937		$	5,987,084
Construction and land development loans		1,087,449		14,579			11,482			1,113,510
Commercial real estate loans		2,492,351		629,975			27,777			3,150,103
Residential mortgage loans		1,736,033		2,485			175,367			1,913,885
Consumer loans		1,742,810		25			16,969			1,759,804
Total loans		12,920,530		765,324			238,532			13,924,386
Change in loan balance from previous quarter		110,331		(67,344	)		(13,877	)		29,110
	December 31, 2014
Commercial non-real estate loans	$	5,917,728	$	120,137		$	6,195		$	6,044,060
Construction and land development loans		1,073,964		21,123			11,674			1,106,761
Commercial real estate loans		2,428,195		688,045			27,808			3,144,048
Residential mortgage loans		1,704,770		2,378			187,033			1,894,181
Consumer loans		1,685,542		985			19,699			1,706,226
Total loans		12,810,199		832,668			252,409			13,895,276
Change in loan balance from previous quarter		1,524,631		(949,508	)		(28,421	)		546,702

(a) Loans which have been acquired and no allowance brought forward in accordance with acquisition accounting. Acquired-performing loans in pools with fully accreted purchase fair value discounts are reported as originated loans, resulting in changes in classification between periods.

(b) Loans acquired in an FDIC-assisted transaction. Non-single family loss share agreement expired on December 31, 2014. $186.1 in loans and $6.0 million in ORE remain covered by the FDIC single family loss share agreement as of March 31, 2015, providing considerable protection against credit risk. As of December 31, 2014 $196.7 million in loans and $7.1 million in ORE remained covered by the FDIC single family loss share agreement.

(c) Included in nonaccrual loans are $5.0 million and $7.0 million of nonaccruing restructured loans at March 31, 2015 and December 31, 2014, respectively.

(d) ORE received in settlement of acquired loans is no longer subject to purchase accounting guidance and has been included with ORE from originated loans. ORE received in settlement of FDIC acquired loans remains covered under the FDIC loss share agreement.

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	Three Months Ended
(in thousands)	March 31, 2015			December 31, 2014			March 31, 2014
Period-End Balance Sheet
Total loans, net of unearned income (a)	$	13,924,386		$	13,895,276		$	12,527,937
Loans held for sale		19,950			20,252			15,911
Securities		4,107,904			3,826,454			3,797,883
Short-term investments		515,797			802,948			280,373
Earning assets		18,568,037			18,544,930			16,622,104
Allowance for loan losses		(128,386	)		(128,762	)		(128,248	)
Goodwill		621,193			621,193			625,675
Other intangible assets, net		125,404			132,810			152,734
Other assets		1,538,263			1,577,095			1,731,905
Total assets	$	20,724,511		$	20,747,266		$	19,004,170
Noninterest-bearing deposits	$	6,201,403		$	5,945,208		$	5,613,872
Interest-bearing transaction and savings deposits		6,576,658			6,531,628			6,118,150
Interest-bearing public funds deposits		1,828,559			1,982,616			1,451,430
Time deposits		2,253,865			2,113,379			2,091,322
Total interest-bearing deposits		10,659,082			10,627,623			9,660,902
Total deposits		16,860,485			16,572,831			15,274,774
Short-term borrowings		755,250			1,151,573			712,634
Long-term debt		516,007			374,371			380,001
Other liabilities		167,671			176,089			174,227
Stockholders’ equity		2,425,098			2,472,402			2,462,534
Total liabilities & stockholders’ equity	$	20,724,511		$	20,747,266		$	19,004,170

	Three Months Ended
(in thousands)	March 31, 2015			December 31, 2014			March 31, 2014
Average Balance Sheet
Total loans, net of unearned income (a)	$	13,869,397		$	13,578,223		$	12,379,316
Loans held for sale		15,567			15,424			19,207
Securities (b)		3,772,997			3,836,123			3,935,616
Short-term investments		657,878			481,373			406,214
Earning assets		18,315,839			17,911,143			16,740,353
Allowance for loan losses		(130,217	)		(127,356	)		(134,670	)
Goodwill and other intangible assets		750,705			757,123			781,434
Other assets		1,507,532			1,549,462			1,667,990
Total assets	$	20,443,859		$	20,090,372		$	19,055,107
Noninterest-bearing deposits	$	5,924,196		$	5,849,356		$	5,499,993
Interest-bearing transaction and savings deposits		6,506,812			6,380,347			6,072,113
Interest-bearing public fund deposits		1,815,445			1,598,482			1,526,611
Time deposits		2,238,806			2,064,322			2,170,426
Total interest-bearing deposits		10,561,063			10,043,151			9,769,150
Total deposits		16,485,259			15,892,507			15,269,143
Short-term borrowings		920,436			1,135,255			785,063
Long-term debt		412,938			376,819			386,026
Other liabilities		177,356			176,282			178,895
Stockholders’ equity		2,447,870			2,509,509			2,435,980
Total liabilities & stockholders’ equity	$	20,443,859		$	20,090,372		$	19,055,107

(a) Includes nonaccrual loans.

(b) Average securities does not include unrealized holding gains/losses on available for sale securities.

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LIQUIDITY

Liquidity management is focused on ensuring that funds are available to meet the cash flow requirements of our depositors and borrowers, while also meeting the operating, capital and strategic cash flow needs of the Company, the Bank and other subsidiaries. Hancock develops its liquidity management strategies and measures and monitors liquidity risk as part of its overall asset/liability management process.

The asset portion of the balance sheet provides liquidity primarily through loan principal repayments, maturities and repayments of investment securities. Short-term investments such as federal funds sold, securities purchased under agreements to resell and interest-bearing deposits with the Federal Reserve Bank or with other commercial banks are additional sources of liquidity to meet cash flow requirements. As shown in the table below, our ratio of free securities to total securities was 27% at March 31, 2015, compared to 14% at December 31, 2014 and 21% at March 31, 2014. The increase compared to year-end was due in part to the reduction in securities required to collateralize public funds deposits as discussed below in the section on “Deposits.” Free securities represent unpledged securities that can be sold or used as collateral for borrowings, and include unpledged securities assigned to short-term dealer repurchase agreements or to the Federal Reserve Bank discount window. Management has established a 15% minimum target for the ratio of free securities to total securities although management will allow the ratio to be less than 15% on a temporary basis if it believes there are sufficient securities available to meet the Companies projected funding needs.

Liquidity Metrics
	March 31, 2015			December 31, 2014			September 30, 2014			June 30, 2014			March 31, 2014
Free securities / total securities		27.06	%		14.04	%		23.00	%		20.00	%		21.00	%
Core deposits / total deposits		93.08	%		93.95	%		94.57	%		94.36	%		94.13	%
Wholesale funds / core deposits		8.10	%		9.80	%		10.40	%		10.00	%		7.60	%
Quarter-to-date average loans / quarter-to-date average deposits		84.13	%		85.44	%		85.24	%		84.20	%		81.07	%

The liability portion of the balance sheet provides liquidity mainly through various customers’ interest-bearing and noninterest-bearing deposit and sweep accounts. Core deposits consist of total deposits less certificates of deposits (“CDs”) of $250,000 or more, brokered CDs, and balances in sweep time deposit products used by commercial customers. The ratio of core deposits to total deposits was a very healthy 93.08% at March 31, 2015, down 87 bps from December 31, 2014 and 105 bps from March 31, 2014. Brokered CDs totaled $262 million as of March 31, 2015 and $98 million a year ago. The Company will occasionally use brokered deposits, subject to very strict parameters regarding the maturity and interest rate, as a funding source. There were no brokered CDs outstanding at December 31, 2014.

Purchases of federal funds, securities sold under agreements to repurchase and other short-term borrowings provide additional sources of liquidity to meet short-term funding requirements. Besides funding from customer sources, our short-term borrowing capacity includes an approved line of credit with the FHLB of $3.4 billion and borrowing capacity at the Federal Reserve’s discount window of $1.8 billion at March 31, 2015. Wholesale funds, which are comprised of short-term borrowings and long-term debt, were 8.10% of core deposits at March 31, 2015, compared to 9.80% at December 31, 2014 and 7.60% at March 31, 2014. The decrease from December 31, 2014 reflects the lower utilization of the FHLB line, partially offset by the $150 million subordinated debt discussed in “Capital Resources,” below. At March 31, 2015, the Company had borrowings from the FHLB totaling $200 million compared to $515 million at December 31, 2014. There were no borrowings from the FHLB as of March 31, 2014. No amounts had been borrowed at the Federal Reserve’s discount window in any period. See the discussion on “Deposits” for more information.

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Another key measure the Company uses to monitor its liquidity position is the loan to deposit ratio (average loans outstanding for the reporting period divided by average deposits outstanding). The loan to deposit ratio measures the amount of funds the Company lends out for each dollar of deposits on hand. The Company’s loan to deposit ratio for the first quarter of 2015 was 84.13%, a slight decrease from 85.44% for the fourth quarter of 2014, and up 306 bps from the first quarter of 2014. The Company has established an internal loan to deposit ratio target of 85.00%

Cash generated from operations is another important source of funds to meet liquidity needs. The consolidated statements of cash flows present operating cash flows and summarize all significant sources and uses of funds for the three months ended March 31, 2015 and 2014.

Dividends received from the Bank have been the primary source of funds available to the Company for the payment of dividends to our stockholders, stock buybacks, and for servicing debt issued by the holding company. The liquidity management process takes into account the various regulatory provisions that can limit the amount of dividends the Bank can distribute to the Company. The Company maintains cash and other liquid assets at the holding company to provide liquidity sufficient to fund six quarters of anticipated common stockholder dividends.

CAPITAL RESOURCES

Stockholders’ equity totaled $2.4 billion at March 31, 2015, down $47 million from December 31, 2014. The tangible common equity ratio decreased to 8.40% at March 31, 2015 from 8.59% at December 31, 2014. This decline mainly reflects the repurchase of common stock during the quarter.

The Board of Directors authorized a common stock buyback program in July 2014 for up to 5%, or approximately 4.1 million shares, of the Company’s common stock issued and outstanding. Under the program, the shares could be repurchased in the open market or in privately negotiated transactions from time to time, depending upon market conditions and other factors, and in accordance with applicable regulations of the Securities and Exchange Commission. During the first quarter of 2015, the Company completed this buyback authorization by repurchasing 2,563,607 shares of its common stock at an average price of $29.36 per share. The Company repurchased a total of 4,093,149 shares at an average price of $30.02 per share.

On March 9, 2015, the Company issued $150 million in subordinated debt at an annual interest rate of 5.95% maturing on June 15, 2045. Subject to prior approval by the Federal Reserve, the Company may redeem the notes in whole or in part on any interest payment date on or after June 15, 2020. The debt qualifies as Tier 2 Capital under regulatory guidelines. A portion of the proceeds from the subordinated debt issuance was used to repurchase the Company’s common stock as noted above with the remainder available for general corporate purposes.

On July 2, 2013 the Federal Reserve Board finalized its rule implementing the Basel III regulatory capital framework and related Dodd-Frank Act changes. The final rule became effective January 1, 2015 with transition periods for certain changes. The final rule strengthens the definition of regulatory capital, increases risk-based capital requirements, and makes selected changes to the calculation of risk-weighted assets. The rule sets the Basel III minimum regulatory capital requirements for all organizations. Under the final rule, the primary quantitative measures that regulators use to gauge capital adequacy are the ratios of Total, Tier 1 and Common Equity Tier 1 regulatory capital to risk-weighted assets (risk-based capital ratios) and the ratio of Tier 1 capital to average total assets (“leverage ratio”). Both the Company and its bank subsidiary are currently required to maintain minimum risk-based capital ratios of 8.0% total regulatory capital, 6.0% Tier 1 capital and 4.5% Common Equity Tier 1 capital. Additionally the final rule establishes a new conservation buffer of 2.5% of risk-weighted assets when fully phased in 2019.

At March 31, 2015, the regulatory capital ratios of the Company and the Bank were well in excess of current regulatory minimum requirements, as indicated in the table below. The Company and the Bank have been categorized as “well-capitalized” in the most recent notices received from our regulators and both currently exceed all capital requirements of the new rule, including the fully phased-in conservation buffer.

The additional $150 million of subordinated debt and transitional guidelines under Basel III had positive impacts on capital ratios, while asset growth, the stock repurchase and other changes in the capital calculations under Basel III negatively affected capital ratios.

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The following table shows the regulatory capital ratios for the Company and the Bank for the indicated periods.

	March 31, 2015			December 31, 2014			September 30, 2014			June 30, 2014			March 31, 2014
Total capital (to risk weighted assets)
Hancock Holding Company		12.77	%		12.30	%		12.66	%		12.96	%		13.20	%
Whitney Bank		12.17	%		12.20	%		12.40	%		12.72	%		13.02	%
Tier 1 common equity capital (to risk weighted assets)
Hancock Holding Company		10.86	%		11.23	%		11.59	%		11.83	%		11.90	%
Whitney Bank		11.16	%		11.13	%		11.32	%		11.58	%		11.72	%
Tier 1 capital (to risk weighted assets)
Hancock Holding Company		10.86	%		11.23	%		11.59	%		11.83	%		11.90	%
Whitney Bank		11.16	%		11.13	%		11.32	%		11.58	%		11.72	%
Tier 1 leverage capital
Hancock Holding Company		9.17	%		9.17	%		9.48	%		9.61	%		9.43	%
Whitney Bank		9.45	%		9.13	%		9.31	%		9.44	%		9.32	%

Regulatory definitions:

(1) Tier 1 common equity capital generally includes common equity and retained earnings, reduced by goodwill and other disallowed intangibles and disallowed deferred tax assets and certain other assets.

(2) Tier 1 capital consists of Tier 1 common equity capital plus non-controlling interest in equity of consolidated subsidiaries and a limited amount of qualifying perpetual preferred stock.

(3) Total capital consists of Tier 1 capital plus perpetual preferred stock not qualifying as Tier 1 capital, mandatory convertible securities, certain types of subordinated debt and a limited amount of allowances for credit losses.

(4) The risk-weighted asset base is equal to the sum of the aggregate value of assets and credit-converted off-balance sheet items in each risk category as specified in regulatory guidelines, multiplied by the weight assigned by the guidelines to that category.

(5) The Tier 1 leverage capital ratio is Tier 1 capital divided by average total assets reduced by the deductions for Tier 1 capital noted above.

BALANCE SHEET ANALYSIS

Securities

Investment in securities totaled $4.1 billion at March 31, 2015, up $282 million from December 31, 2014 and $310 million from March 31, 2014. The quarterly increase in securities was a result of investing liquidity generated during the quarter. At March 31, 2015, securities available for sale totaled $1.8 billion and securities held to maturity totaled $2.3 billion.

The securities portfolio consists mainly of residential mortgage-backed securities and collateralized mortgage obligations issued or guaranteed by U.S. government agencies. The portfolio is designed to enhance liquidity while providing an acceptable rate of return. The Company invests only in high quality securities of investment grade quality with a targeted duration for the overall portfolio of between two and five. At March 31, 2015, the average maturity of the portfolio was 5.01 years with an effective duration of 3.45 and a weighted-average yield of 2.35%. The effective duration increases, under management scenarios, to 4.13 with a 100 basis point increase in the yield curve and to 4.34 with a 200 basis point increase. At year-end 2014, the average maturity of the portfolio was 4.38 years with an effective duration of 3.51 and a weighted-average yield of 2.36%.

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Loans

Total loans at March 31, 2015 were $13.9 billion, virtually flat compared to December 31, 2014, and up $1.4 billion, or 11%, compared to March 31, 2014. Excluding the FDIC acquired portfolio, total loans increased $43 million from year end 2014, and $1.5 billion, or 12%, from March 31, 2014. See Note 3 to the consolidated financial statements for the composition of originated, acquired and FDIC acquired loans at March 31, 2015 and December 31, 2014.

Net loan growth during the quarter was mainly in the Alabama and Florida markets, with additional growth in indirect and mortgage lending. Louisiana and Texas markets were impacted by both the energy cycle and annual seasonality. Historically, loan balances increase towards year end with payoffs and paydowns in the first quarter of each year.

The Company’s commercial customer base is diversified over a range of industries, including energy, wholesale and retail trade in various durable and nondurable products and the manufacture of such products, marine transportation and maritime construction, financial and professional services, and agricultural production.

At March 31, 2015, loans in the energy segment totaled $1.7 billion, or 12% of total loans. The energy portfolio declined approximately $50 million linked quarter and is comprised of credits to both the exploration and production segment and the support services segment. See Item 7 in the Company’s December 31, 2104 Form 10-K for a further discussion regarding the Company’s energy portfolio. In light of the first quarter’s net paydowns in the energy portfolio, and the expected headwinds related to the current energy cycle, management has updated its end of period annual loan growth guidance for 2015 to 5% - 8%.

The Bank lends mainly to middle-market and smaller commercial entities, although it participates in larger shared-credit loan facilities with familiar businesses operating in the Company’s market areas. Shared credits funded at March 31, 2015 totaled approximately $1.8 billion, up approximately $352 million from March 31, 2014 and $3 million from December 31, 2014. Approximately $1.0 billion of shared national credits were with energy-related customers at March 31, 2015, down $21 million from year end, but up $95 million from March 31, 2014.

Commercial non-real estate loans, construction and land development loans, and commercial real estate (“CRE”) loans in the originated and acquired portfolios decreased a net $45 million over the first three months of 2015. CRE loans include loans on both income-producing properties as well as properties used by borrowers in commercial operations.

Residential mortgages in the originated and acquired portfolios were up a net $31 million during the first quarter. Consumer loans increased by a net $56 million as a result of a number of initiatives implemented by management during 2014.

Total FDIC acquired loans at March 31, 2015 were down $93 million from March 31, 2014 and $14 million from December 31, 2014, reflecting normal repayments, charge-offs and foreclosures.

Allowance for Loan Losses and Asset Quality

The Company’s total allowance for loan losses was $128.4 million at March 31, 2015, compared to $128.8 million at December 31, 2014. A $2.9 million reduction in the allowance on the FDIC acquired portfolio from December 31, 2014 was offset by a $2.7 million increase in the originated portfolio. The increase in the allowance related to the originated portfolio is primarily attributable to risk rating downgrades in the energy portfolio as pricing pressures on oil continued during the quarter. Management believes that if further downgrades occur, additional loan loss reserves may be necessary, but will not translate into significant losses. The impact and severity will depend upon the overall oil price reduction and the duration of the cycle. See Item 7. In the Company’s December 31, 2014 Form 10-K for further discussion of the company’s energy portfolio and its potential impact on the allowance for loan losses.

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The ratio of the allowance to period-end loans was 0.92% at March 31, 2015, down slightly from 0.93% at December 31, 2014. The allowance maintained on the originated portion of the loan portfolio totaled $100.5 million, or 0.78% of related loans, at March 31, 2015, as compared to $97.7 million, or 0.76%, at March 31, 2014.

During the first quarter of 2015, Hancock recorded a total provision for loan losses of $6.2 million, down from $9.7 million in the fourth quarter of 2014, and down from $8.0 million for the March 31, 2014. See the Provision for Loan Losses section above for further discussion of the provision for loan losses.

Net charge-offs from the non-FDIC acquired loan portfolio were $3.7 million, or 0.11% of average total loans on an annualized basis in the first quarter of 2015, compared to $2.6 million, or 0.08%, in the fourth quarter of 2014.

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The following table sets forth activity in the allowance for loan losses for the periods indicated.

	Three Months Ended
(in thousands)	March 31, 2015			December 31, 2014			March 31, 2014
Allowance for loan losses at beginning of period	$	128,762		$	125,572		$	133,626
Loans charged-off:
Non-FDIC acquired loans:
Commercial non real estate		1,697			2,123			2,386
Construction and land development		747			2,155			91
Commercial real estate		251			1,324			723
Residential mortgages		1,209			492			241
Consumer		3,556			2,135			4,041
Total non-FDIC acquired charge-offs		7,460			8,229			7,482
FDIC acquired loans:
Commercial non real estate		127			45			46
Construction and land development		276			(202	)		458
Commercial real estate		2,368			870			3,117
Residential mortgages		93			331			308
Consumer		140			78			81
Total FDIC acquired charge-offs		3,004			1,122			4,010
Total charge-offs		10,464			9,351			11,492
Recoveries of loans previously charged-off:
Non-FDIC acquired loans:
Commercial non real estate		981			929			826
Construction and land development		1,243			2,780			651
Commercial real estate		(3	)		447			331
Residential mortgages		305			143			94
Consumer		1,280			1,292			1,602
Total non-FDIC acquired recoveries		3,806			5,591			3,504
FDIC acquired loans:
Commercial non real estate		14			18			445
Construction and land development		406			1,634			857
Commercial real estate		113			33			136
Residential mortgages		—			—			6
Consumer		16			61			56
Total FDIC acquired recoveries		549			1,746			1,500
Total recoveries		4,355			7,337			5,004
Net charge-offs - non-FDIC acquired		3,654			2,638			3,978
Net charge-offs - FDIC acquired		2,455			(624	)		2,510
Total net charge-offs		6,109			2,014			6,488
Provision for loan losses before FDIC benefit - FDIC acquired loans		(491	)		(4,674	)		(7,155	)
Benefit attributable to FDIC loss share agreement		421			4,514			6,853
Provision for loan losses non-FDIC acquired loans		6,224			9,878			8,265
Provision for loan losses, net		6,154			9,718			7,963
(Decrease) Increase in FDIC loss share receivable		(421	)		(4,514	)		(6,853	)
Allowance for loan losses at end of period	$	128,386		$	128,762		$	128,248
Ratios:
Gross charge-offs - non-FDIC acquired to average loans		0.22	%		0.24	%		0.24	%
Recoveries - non-FDIC acquired to average loans		0.11	%		0.16	%		0.11	%
Net charge-offs - non-FDIC acquired to average loans		0.11	%		0.08	%		0.13	%
Allowance for loan losses to period-end loans		0.92	%		0.93	%		1.02	%

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The following table sets forth nonperforming assets by type for the periods indicated, consisting of nonaccrual loans, troubled debt restructurings and foreclosed and surplus ORE and other foreclosed assets. Loans past due 90 days or more and still accruing are also disclosed.

(in thousands)	March 31, 2015			December 31, 2014
Loans accounted for on a nonaccrual basis: (a)
Commercial non-real estate loans	$	24,934		$	14,248
Commercial non-real estate loans - restructured		680			1,263
Total commercial non-real estate loans		25,614			15,511
Construction and land development loans		4,790			5,187
Construction and land development loans - restructured		1,621			2,378
Total construction and land development loans		6,411			7,565
Commercial real estate loans		28,973			26,017
Commercial real estate loans - restructured		1,948			2,602
Total commercial real estate loans		30,921			28,619
Residential mortgage loans		21,648			21,348
Residential mortgage loans - restructured		735			746
Total residential mortgage loans		22,383			22,094
Consumer loans		5,492			5,748
Total nonaccrual loans		90,821			79,537
Restructured loans - still accruing:
Commercial non-real estate loans		—			424
Construction and land development loans		2,470			4,905
Commercial real estate loans		4,965			3,580
Residential mortgage loans		110			54
Consumer loans		19			8
Total restructured loans - still accruing		7,564			8,971
Total restructured loans		12,548			15,960
ORE and foreclosed assets		42,956			59,569
Total nonperforming assets (b)	$	141,341		$	148,077
Loans 90 days past due still accruing	$	5,872		$	4,825
Ratios:
Nonperforming assets to loans plus
ORE and foreclosed assets		1.01	%		1.06	%
Allowance for loan losses to nonperforming loans and accruing loans 90 days past due		123.14	%		137.96	%
Loans 90 days past due still accruing to loans		0.04	%		0.03	%

(a) Nonaccrual loans and accruing loans past due 90 days or more do not include acquired credit-impaired loans which were written down to fair value upon acquisition and accrete interest income over the remaining life of the loan.

(b) Includes total nonaccrual loans, total restructured loans - still accruing and ORE and foreclosed assets.

Nonperforming assets totaled $141.3 million at March 31, 2015, down $6.7 million from December 31, 2014. Nonperforming assets as a percent of total loans, ORE, and other foreclosed assets was 1.01% at March 31, 2015, compared to 1.43% at March 31, 2014 and 1.06% at December 31, 2014. The increase in nonaccrual non-real estate loans from December 31, 2014 to March 31, 2015 is primarily due to the movement of one energy-related loan to nonaccrual status during the first quarter of 2015.

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Short-Term Investments

Short-term liquidity investments, including interest-bearing bank deposits and federal funds sold, decreased $287 million from December 31, 2014, to a total of $516 million at March 31, 2015. Short-term liquidity assets are held to ensure funds are available to meet the cash flow needs of both borrowers and depositors. Average short-term investments for the first quarter of 2015 were up $177 million, or 37%, compared to the fourth quarter of 2014.

Deposits

Total deposits were $16.9 billion at March 31, 2015, up $288 million, or 2%, from December 31, 2014. and $1.6 billion, or 10%, from March 31, 2014. Average deposits for the first quarter of 2015 were $16.5 billion, up $593 million, or 4% from the fourth quarter of 2014. The deposit growth is due, in part, to a number of strategic initiatives aimed at growing deposits implemented during 2014.

Noninterest-bearing demand deposits (“DDAs”) increased by $256 million, or 4%, during the first quarter to $6.2 billion at March 31, 2015, and were up $588 million, or 10%, from March 31, 2014. DDAs comprised 37% of total period-end deposits at March 31, 2015, flat with March 31, 2014 and up slightly from year end 2014.

Interest-bearing public fund deposits totaled $1.8 billion at March 31, 2015, down $154 million, or 8%, from December 31, 2014, but up $377 million, or 26%, from March 31, 2014. The decrease compared to the prior quarter was primarily due to the seasonality of public funds, which typically carry higher balances at year end. The increase from March 31, 2014 was related to specific initiatives implement during 2014 related to attracting public fund deposits.

Time deposits totaled $2.3 billion at March 31, 2015, up $140 million, or 7%, from December 31, 2014, and up $162 million, or 8%, from March 31, 2014. CDs increased $233 million, or 14%, from December 31, 2014, due to an increase in brokered CDs. As discussed in the Liquidity section above, the Company will occasionally use brokered deposits, subject to strict parameters regarding maturity and rates, as a short-term funding source. Balances in sweep deposit products decreased $93 million, or 19%, from balances at December 31, 2014.

Short-Term Borrowings

At March 31, 2015, short-term borrowings totaled $755 million, down $396 million, or 34%, from December 31, 2014. The decrease was mainly due to a decrease in the FHLB borrowings from year end, partially replaced by brokered deposits as noted above. Securities sold under agreements to repurchase are another major source of short-term borrowings. These agreements are offered mainly to commercial customers to assist them with their cash management strategies or to provide a temporary investment vehicle for their excess liquidity pending redeployment for corporate or investment purposes. While customer repurchase agreements provide a recurring source of funds to the Bank, the amounts available over time can be volatile.

OFF-BALANCE SHEET ARRANGEMENTS

Loan Commitments and Letters of Credit

In the normal course of business, the Bank enters into financial instruments, such as commitments to extend credit and letters of credit, to meet the financing needs of their customers. Such instruments are not reflected in the accompanying consolidated financial statements until they are funded, although they expose the Bank to varying degrees of credit risk and interest rate risk in much the same way as funded loans. Under regulatory capital guidelines, the Company must include unfunded commitments meeting certain criteria in its risk-weighted capital calculation.

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Commitments to extend credit include revolving commercial credit lines, nonrevolving loan commitments issued mainly to finance the acquisition and development or construction of real property or equipment, and credit card and personal credit lines. The availability of funds under commercial credit lines and loan commitments generally depends on whether the borrower continues to meet credit standards established in the underlying contract and has not violated other contractual conditions. Loan commitments generally have fixed expiration dates or other termination clauses and may require payment of a fee by the borrower. Credit card and personal credit lines are generally subject to cancellation if the borrower’s credit quality deteriorates. A number of commercial and personal credit lines are used only partially or, in some cases, not at all before they expire, and the total commitment amounts do not necessarily represent future cash requirements of the Company.

A substantial majority of the letters of credit are standby agreements that obligate the Bank to fulfill a customer’s financial commitments to a third party if the customer is unable to perform. The Bank issues standby letters of credit primarily to provide credit enhancement to its customers’ other commercial or public financing arrangements and to help them demonstrate financial capacity to vendors of essential goods and services.

The contract amounts of these instruments reflect the Company’s exposure to credit risk. The Company undertakes the same credit evaluation in making loan commitments and assuming conditional obligations as it does for on-balance sheet instruments and may require collateral or other credit support.

The following table shows the commitments to extend credit and letters of credit at March 31, 2015 according to expiration date.

			Expiration Date
(in thousands)	Total		Less than 1 year		1-3 years		3-5 years		More than 5 years
Commitments to extend credit	$	5,883,301	$	2,922,059	$	1,132,811	$	1,254,831	$	573,600
Letters of credit		400,669		240,620		58,355		97,801		3,893
Total	$	6,283,970	$	3,162,679	$	1,191,166	$	1,352,632	$	577,493

CRITICAL ACCOUNTING POLICIES AND ESTIMATES

There were no material changes or developments with respect to methodologies that the Company uses when applying what management believes are critical accounting policies and developing critical accounting estimates as disclosed in our Form 10-K for the year ended December 31, 2014.

The consolidated financial statements have been prepared in conformity with accounting principles generally accepted in the United States of America and with those generally practiced within the banking industry which require management to make estimates and assumptions about future events. We base our estimates on historical experience and on various other assumptions that are believed to be reasonable under the circumstances, and the resulting estimates form the basis for making judgments about the carrying values of certain assets and liabilities not readily apparent from other sources. Actual results could differ significantly from those estimates.

NEW ACCOUNTING PRONOUNCEMENTS

See Note 13 to our Consolidated Financial Statements included elsewhere in this report.

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FORWARD-LOOKING STATEMENTS

This report contains “forward-looking statements” within the meaning of section 27A of the Securities Act of 1933, as amended, and section 21E of the Securities Exchange Act of 1934, as amended, and we intend such forward-looking statements to be covered by the safe harbor provisions therein and are including this statement for purposes of invoking these safe-harbor provisions. Forward-looking statements provide projections of results of operations or of financial condition or state other forward-looking information, such as expectations about future conditions and descriptions of plans and strategies for the future.

Forward-looking statements that we may make include, but may not be limited to, comments with respect to future levels of economic activity in our markets, including the impact of volatility of oil and gas prices on our energy portfolio and associated loan loss reserves and the downstream impact on businesses that support the energy sector, especially in the Gulf Coast region, loan growth expectations, deposit trends, credit quality trends, net interest margin trends, future expense levels, success of revenue-generating initiatives, projected tax rates, future profitability, improvements in expense to revenue (efficiency) ratio, purchase accounting impacts such as accretion levels, the impact of the branch rationalization process, details of the common stock buyback, possible repurchases of shares under stock buyback programs, and the financial impact of regulatory requirements. Hancock’s ability to accurately project results, predict the effects of future plans or strategies, or predict market or economic developments is inherently limited. Although Hancock believes that the expectations reflected in its forward-looking statements are based on reasonable assumptions, actual results and performance could differ materially from those set forth in the forward-looking statements. Factors that could cause actual results to differ from those expressed in Hancock’s forward-looking statements include, but are not limited to, those risk factors outlined in Hancock’s public filings with the Securities and Exchange Commission, which are available at the SEC’s internet site (http://www.sec.gov).

You are cautioned not to place undue reliance on these forward-looking statements. Hancock does not intend, and undertakes no obligation, to update or revise any forward-looking statements, whether as a result of differences in actual results, changes in assumptions or changes in other factors affecting such statements, except as required by law.

Item 3. Quantitative and Qualitative Disclosures About Market Risk

Our net income is materially dependent on our net interest income. Hancock’s primary market risk is interest rate risk that stems from uncertainty with respect to absolute and relative levels of future market interest rates that affect our financial products and services. In an attempt to manage our exposure to interest rate risk, management measures the sensitivity of our net interest income and cash flows under various market interest rate scenarios, establishes interest rate risk management policies and implements asset/liability management strategies designed to produce a relatively stable net interest margin under varying rate environments.

Hancock measures its interest rate sensitivity primarily by running net interest income simulations. The model measures annual net interest income sensitivity relative to a base case scenario and incorporates assumptions regarding balance sheet growth and the mix of earning assets and funding sources as well as pricing, re-pricing and maturity characteristics of the existing and projected balance sheet. The table below presents the results of simulations run as of March 31, 2015 for year 1 and year 2, assuming the indicated instantaneous and sustained parallel shift in the yield curve at the measurement date. These results indicate that we are slightly asset sensitive as compared to the stable rate environment assumed for the base case.

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Net Interest Income (te) at Risk
Change in interest rate	Estimated increase (decrease) in net interest income
(basis points)	Year 1	Year 2
+100	2.26%	2.85%
+200	5.37%	6.32%
+300	7.87%	8.84%

Note: Decrease in interest rates discontinued in the current rate environment

The foregoing disclosures related to our market risk should be read in conjunction with our audited consolidated financial statements, related notes and management’s discussion and analysis for the year ended December  31, 2014 included in our 2014 Annual Report on Form 10-K.

Item 4. Controls and Procedures

At the end of the period covered by this Quarterly Report on Form 10-Q, we carried out an evaluation, under the supervision and with the participation of management, including the Chief Executive Officer and the Chief Financial Officer, of the effectiveness of our disclosure controls and procedures (as defined in Rules 13a-15 (e) and 15d-15 (e) under the Exchange Act). Based upon that evaluation, our Chief Executive Officer and Chief Financial Officer have concluded that our disclosure controls and procedures are effective as of the end of the period covered by this report to timely alert them to material information relating to us (including our consolidated subsidiaries) required to be included in our Exchange Act filings.

Our management, including the Chief Executive Officer and Chief Financial Officer, identified no change in our internal control over financial reporting that occurred during the three-month period ended March 31, 2015, that has materially affected, or is reasonably likely to materially affect, our internal controls over financial reporting.

PART II. OTHER INFORMATION

Item 1. Legal Proceedings

The Company, including subsidiaries, is party to various legal proceedings arising in the ordinary course of business. We do not believe that loss contingencies, if any, arising from pending litigation and regulatory matters will have a material adverse effect on our consolidated financial position or liquidity.

Item 1A. Risk Factors

There were no changes to the risk factors that were previously disclosed in our Form 10-K for the year ended December 31, 2014. In addition to the risk of vulnerability to certain sectors of the economy related to the real estate portfolio, recent trends in the energy sector point to possible vulnerability.

The risks described may not be the only risks facing us. Additional risks and uncertainties not currently known to us or that are currently considered to not be material also may materially adversely affect our business, financial condition, and/or operating results.

73

Item 2. Unregistered Sales of Equity Securities and Use of Proceeds.

The following table provides information with respect to purchases made by the issuer or any affiliated purchaser of the issuer’s equity securities for the three months ended March 31, 2015.

	Total number of shares or units purchased		Average price paid per share		Total number of shares purchased as a part of publicly announced plans or programs (1)		Maximum number of shares that may yet be purchased under plans or programs
Jan. 1, 2015 - Jan. 31, 2015		—	$	—		—		2,563,607
Feb. 1, 2015 - Feb. 28, 2015		1,147,446		28.43		1,147,446		1,416,161
Mar. 1, 2015 - Mar. 31, 2015		1,416,161		30.12		1,416,161		—
Total		2,563,607	$	29.36		2,563,607

(1) The Company publicly announced its 2014 stock buyback program on July  24, 2014.

Item 6. Exhibits.

(a) Exhibits:

74

Exhibit Number	Description
*10.1	Hancock Holding Company 2014 Long Term Incentive Plan (filed as Exhibit 10.1 to Hancock’s Form 8-K filed with the Commission on April 21, 2014 and incorporated herein by reference).
*10.2	Form of Change in Control Employment Agreement between the Company and its executive officers (filed as Exhibit 10.2 to Hancock’s Form 8-K filed with the Commission on June 20, 2014 and incorporated herein by reference).
*10.3	Addendum to Nonqualified Deferred Compensation Plan describing SERP benefit (filed as Exhibit 10.3 to Hancock’s Form 10-Q filed with the Commission on August 8, 2014 and incorporated herein by reference).
*10.4	Form of 2014 Restricted Stock Award Agreement (filed as Exhibit 10.4 to Hancock’s Form 10-Q filed with the Commission on August 8, 2014 and incorporated herein by reference).
*10.5	Hancock Holding Company Executive Incentive Plan
31.1	Certification of Chief Executive Officer pursuant to Section 302 of the Sarbanes-Oxley Act of 2002.
31.2	Certification of Chief Financial Officer pursuant to Section 302 of the Sarbanes-Oxley Act of 2002.
32.1	Certification of Chief Executive Officer pursuant to Section 906 of the Sarbanes-Oxley Act of 2002.
32.2	Certification of Chief Financial Officer pursuant to Section 906 of the Sarbanes-Oxley Act of 2002.
101	XBRL Interactive Data.

* Compensatory plan or arrangement

75

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.

Hancock Holding Company
By:	/s/ John M. Hairston
	John M. Hairston
	President & Chief Executive Officer
	/s/ Michael M. Achary
	Michael M. Achary
	Chief Financial Officer
Date:	May 8, 2015

76

Index to Exhibits

Exhibit Number	Description
*10.1	Hancock Holding Company 2014 Long Term Incentive Plan (filed as Exhibit 10.1 to Hancock’s Form 8-K filed with the Commission on April 21, 2014 and incorporated herein by reference).
*10.2	Form of Change in Control Employment Agreement between the Company and its executive officers (filed as Exhibit 10.2 to Hancock’s Form 8-K filed with the Commission on June 20, 2014 and incorporated herein by reference).
*10.3	Addendum to Nonqualified Deferred Compensation Plan describing SERP benefit (filed as Exhibit 10.3 to Hancock’s Form 10-Q filed with the Commission on August 8, 2014 and incorporated herein by reference).
*10.4	Form of 2014 Restricted Stock Award Agreement (filed as Exhibit 10.4 to Hancock’s Form 10-Q filed with the Commission on August 8, 2014 and incorporated herein by reference).
*10.5	Hancock Holding Company Executive Incentive Plan
31.1	Certification of Chief Executive Officer pursuant to Section 302 of the Sarbanes-Oxley Act of 2002.
31.2	Certification of Chief Financial Officer pursuant to Section 302 of the Sarbanes-Oxley Act of 2002.
32.1	Certification of Chief Executive Officer pursuant to Section 906 of the Sarbanes-Oxley Act of 2002.
32.2	Certification of Chief Financial Officer pursuant to Section 906 of the Sarbanes-Oxley Act of 2002.
101	XBRL Interactive Data.

* Compensatory plan or arrangement

EX-10.5

Exhibit 10.5

Hancock Holding Company

Executive Incentive Plan (EIP)

Overview

Hancock Holding Company provides an annual incentive opportunity to Section 16 officers (Participants) to reward achievement of individual as well as department and corporate objectives. The Executive Incentive Plan (EIP) is designed to attract and retain results-oriented executives.

This document is not a contract and all incentives are payable at the discretion of the Compensation Committee (Committee) of the Board of Directors.

Cash Compensation Philosophy

As a preeminent financial industry leader in the Gulf South, Hancock recognizes that our executives are our primary asset, and our principal source of competitive advantage.

In order to achieve our goal of being the employer of choice, we must attract, retain and motivate a highly qualified workforce. In doing so, Hancock’s compensation philosophy is to provide a total cash compensation program that is competitive with that paid by local and regional competitors for similar work. Total cash compensation is comprised of two components – base salary and incentive compensation.

Base salary is determined by the essential job functions, competencies, skills, and abilities for the position.

Incentive compensation is determined by the executive’s performance compared to established goals and overall corporate performance. This component contains goals that are set by the Committee after consultation with senior leadership and that are further described below.

Eligibility Criteria

• Participants must be employed in a full or part time eligible position and be actively employed on December 31^st of the plan year in order to be eligible to receive a payment. Participants terminated for cause are not eligible to receive a payment.

• Pro-rata incentives will be based upon a Participant’s eligible tenure. Tenure is defined in terms of the amount of time spent (in full months) in an incentive eligible position.

• Participants are not eligible to participate in a LOB functional plan and the EIP plan simultaneously.

• Corporate performance measured against performance targets for the calendar year, as well as the achievement of unit and individual objectives will determine incentive awards.

• Incentive awards will be calculated as a percentage of the Participant’s base earnings.

• Incentive calculations for Participants hired or who transfer internally to the EIP will be paid via a goal sheet, if before September 30. Goal sheets must be turned into the Executive Compensation Analyst in Human Resources. Associates hired on October 1^st or later will not be eligible to participate in that year’s incentive plan. They will be eligible to participate in the EIP in the following year.

• Grade changes due to promotion during the plan year will result in a pro-rata incentive based upon an associate’s eligible time in each grade. Time in each grade is defined in terms of the amount of time spent (in full months) in each grade.

Plan Targets

The EIP is designed to provide an incentive component for Section 16 officers. The EIP is driven by corporate and unit/individual goal achievement and is funded based on achievement of pre-established corporate performance targets and unit/individual goals. Except as noted above, a goal sheet will be established for each Participant to ensure understanding of the applicable target goals and potential percentage incentive payout.

Title	Target Payout as a % Base Earnings*			Corporate Payout %			Blended Unit/ Individual Payout %
President and CEO		80	%		90	%		10	%
Chief Financial Officer		60	%		85	%		15	%
Chief Operating Officer		60	%		85	%		15	%
President, Whitney Bank		60	%		85	%		15	%
Chief Banking Officer		60	%		70	%		30	%
Chief Wealth Banking Officer		60	%		70	%		30	%
Chief Credit Risk Officer		50	%		70	%		30	%
General Counsel		50	%		70	%		30	%
Chief Credit Officer		50	%		60	%		40	%
Chief Risk Officer		50	%		60	%		40	%
Chief Accounting Officer		40	%		60	%		40	%

* Incentive targets are reviewed and set annually by the Committee. The target payout percentage is established using market data, internal equity and overall Participant contribution. This percentage is not guaranteed and is within the sole discretion of the Committee. In any given year, the percentage can move up or down. Any decision of the Committee is considered final and nonappealable.

The target is the value at which 100% credit is given. No credit should be planned or given above 100% in the unit/individual component.

Corporate Performance Targets

As noted above, the EIP funding is tied directly to the company achieving annual corporate performance targets. These targets are set annually by the Committee. If 100% of all corporate performance targets are not achieved, the plan may not be funded at 100%.

Each corporate component line item funds independent and can have a maximum funding of 200%. The aggregate corporate component cannot fund any higher than 200%.

Corporate performance targets shall be measured based on the financial performance of Hancock and its subsidiaries (the Company) as in existence at the beginning of the performance period. The effect on the financial performance of the Company resulting from a merger or any other similar corporate transaction or from the acquisition of a subsidiary or other affiliated entity during the performance period may be taken into consideration. The Committee has the discretion to take into consideration the effect of any such transaction when determining awards under the EIP.

If in any quarter during a given calendar year, Hancock reduces the common dividend per share from the actual amount per share paid in the immediate prior quarter, then a minimum of 50% of that year’s corporate component of the EIP will be forfeited.

In exercising its discretion under the Plan, the Committee will also consider the financial performance of regional and top quartile peer companies and corporate strategic objectives.

Risk Tolerance

The EIP is designed to deliver incentives for superior performance, provided acceptable risk tolerance standards are met. In general, the EIP is designed to meet the risk standards by:

• Motivating appropriate behaviors and results without exposing the company to potential excessive risk taking by Participants

• Closely aligning Participant goals with the Company’s goals and values

• Discouraging actions by Participant’s that would enhance personal compensation over that of Company performance

• Discouraging unnecessary risk, be it Strategic, Operational, Financial, Reputation, Administrative, Compliance, and any behaviors leading to such risk

• Encouraging Business Unit Management to promote Risk Awareness within their operations

In summary, Hancock has established the Plan to reward superior performance by Participants while maintaining vigilant risk management.

Clawback

This EIP is subject to the Hancock Holding Company clawback policy.

Incentive Payment

The target for paying incentives to eligible Participants is in February following the end of the calendar year, but no later than March 15^th of such year. All incentives are paid through the normal payroll processes and include applicable tax withholdings and 401(k) deductions according to plan documents.

EX-31.1

Exhibit 31.1

Certification of Chief Executive Officer

I, John M. Hairston, certify that:

1. I have reviewed this quarterly report on Form 10-Q of Hancock Holding Company;

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 officers and I are responsible for establishing and maintaining disclosure controls and procedures (as defined in Exchange Act Rules 13a-15(e) and 15d-15(e)) and internal control over financial reporting (as defined in Exchange Act Rules 13a-15(f) and 15d-15(f)) for the registrant and have:

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

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

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

(d) Disclosed in this report any change in the registrant’s internal control over financial reporting that occurred during the registrant’s most recent fiscal quarter 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 officers and I have disclosed, based on our most recent evaluation of internal control over financial reporting, to the registrant’s auditors and the audit committee of the registrant’s board of directors (or persons performing the equivalent functions):

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

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

Date: May 8, 2015
By:	/s/	John M. Hairston
		John M. Hairston
		President & Chief Executive Officer

EX-31.2

Exhibit 31.2

Certification of Chief Financial Officer

I, Michael M. Achary, certify that:

1. I have reviewed this quarterly report on Form 10-Q of Hancock Holding Company;

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 officers and I are responsible for establishing and maintaining disclosure controls and procedures (as defined in Exchange Act Rules 13a-15(e) and 15d-15(e)) and internal control over financial reporting (as defined in Exchange Act Rules 13a-15(f) and 15d-15(f)) for the registrant and have:

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

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

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

(d) Disclosed in this report any change in the registrant’s internal control over financial reporting that occurred during the registrant’s most recent fiscal quarter 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 officers and I have disclosed, based on our most recent evaluation of internal control over financial reporting, to the registrant’s auditors and the audit committee of the registrant’s board of directors (or persons performing the equivalent functions):

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

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

Date: May 8, 2015
By:	/s/	Michael M. Achary
		Michael M. Achary
		Chief Financial Officer

EX-32.1

Exhibit 32.1

CERTIFICATION PURSUANT TO

18 U.S.C. SECTION 1350,

AS ADOPTED PURSUANT TO

SECTION 906 OF THE SARBANES-OXLEY ACT OF 2002

In connection with the Quarterly Report of Hancock Holding Company (the “Company”) on Form 10-Q for the period ended March 31, 2015 as filed with the Securities and Exchange Commission on the date hereof (the “Report”), I, John M. Hairston, Chief Executive Officer of the Company, certify, pursuant to 18 U.S.C. Section 1350, as adopted pursuant to Section 906 of the Sarbanes-Oxley Act of 2002, that:

(1) The Report fully complies with the requirements of Section 13(a) or 15(d) of the Securities Exchange Act of 1934; and

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

/s/ John M. Hairston
Name:	John M. Hairston
Title:	President & Chief Executive Officer
Date:	May 8, 2015

EX-32.2

Exhibit 32.2

CERTIFICATION PURSUANT TO

18 U.S.C. SECTION 1350,

AS ADOPTED PURSUANT TO

SECTION 906 OF THE SARBANES-OXLEY ACT OF 2002

In connection with the Quarterly Report of Hancock Holding Company (the “Company”) on Form 10-Q for the period ended March 31, 2015 as filed with the Securities and Exchange Commission on the date hereof (the “Report”), I, Michael M. Achary, Chief Financial Officer of the Company, certify, pursuant to 18 U.S.C. Section 1350, as adopted pursuant to Section 906 of the Sarbanes-Oxley Act of 2002, that:

(1) The Report fully complies with the requirements of Section 13(a) or 15(d) of the Securities Exchange Act of 1934; and

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

/s/ Michael M. Achary
Name:	Michael M. Achary
Title:	Chief Financial Officer
Date:	May 8, 2015

XML

Securities - Held to Maturity with Unrealized Losses (Detail) (USD $) In Thousands, unless otherwise specified	Mar. 31, 2015	Dec. 31, 2014
Schedule of Held-to-maturity Securities [Line Items]
Held to maturity securities, Losses less than 12 months, Fair Value	$ 193,229	$ 123,538
Held to maturity securities, Losses Less than 12 months, Gross Unrealized Losses	595	628
Held to maturity securities, Losses 12 months or longer, Fair value	437,054	694,234
Held to maturity securities, Losses 12 months or longer, Gross Unrealized Losses	6,189	12,224
Held to maturity securities, Total, Fair value	630,283	817,772
Held to maturity securities, Total, Gross Unrealized Losses	6,784	12,852
Municipal Obligations [Member]
Schedule of Held-to-maturity Securities [Line Items]
Held to maturity securities, Losses less than 12 months, Fair Value	8,757	4,316
Held to maturity securities, Losses Less than 12 months, Gross Unrealized Losses	17	12
Held to maturity securities, Losses 12 months or longer, Fair value	49,110	58,105
Held to maturity securities, Losses 12 months or longer, Gross Unrealized Losses	617	1,132
Held to maturity securities, Total, Fair value	57,867	62,421
Held to maturity securities, Total, Gross Unrealized Losses	634	1,144
U.S. Treasury and Government Agency Securities [Member]
Schedule of Held-to-maturity Securities [Line Items]
Held to maturity securities, Losses less than 12 months, Fair Value	99,851
Held to maturity securities, Losses Less than 12 months, Gross Unrealized Losses	149
Held to maturity securities, Total, Fair value	99,851
Held to maturity securities, Total, Gross Unrealized Losses	149
Mortgage-Backed Securities [Member]
Schedule of Held-to-maturity Securities [Line Items]
Held to maturity securities, Losses 12 months or longer, Fair value		95,522
Held to maturity securities, Losses 12 months or longer, Gross Unrealized Losses		162
Held to maturity securities, Total, Fair value		95,522
Held to maturity securities, Total, Gross Unrealized Losses		162
Collateralized Mortgage Obligations [Member]
Schedule of Held-to-maturity Securities [Line Items]
Held to maturity securities, Losses less than 12 months, Fair Value	84,621	119,222
Held to maturity securities, Losses Less than 12 months, Gross Unrealized Losses	429	616
Held to maturity securities, Losses 12 months or longer, Fair value	387,944	540,607
Held to maturity securities, Losses 12 months or longer, Gross Unrealized Losses	5,572	10,930
Held to maturity securities, Total, Fair value	472,565	659,829
Held to maturity securities, Total, Gross Unrealized Losses	$ 6,001	$ 11,546

XML

Long-Term Debt - Long-Term Debt (Detail) (USD $) In Thousands, unless otherwise specified	Mar. 31, 2015	Dec. 31, 2014	Dec. 31, 2012	Mar. 09, 2015
Debt Instrument [Line Items]
Term note payable			$ 220,000
Other long-term debt	127,196	126,760
Total long-term debt	516,007	374,371
Term Note Payable Maturing December 2015 [Member]
Debt Instrument [Line Items]
Term note payable	140,800	149,600
Subordinated Debt [Member] | Subordinated Notes Payable Maturing June 2045 [Member]
Debt Instrument [Line Items]
Subordinated notes payable	150,000			150,000
Subordinated Debt [Member] | Subordinated Notes Payable Maturing April 2017 [Member]
Debt Instrument [Line Items]
Subordinated notes payable	$ 98,011	$ 98,011

XML

Loans and Allowance for Loan Losses - Summary of Impaired Loans Disaggregated by Class (Detail) (USD $) In Thousands, unless otherwise specified	3 Months Ended	12 Months Ended
	Mar. 31, 2015	Dec. 31, 2014
Accounts, Notes, Loans and Financing Receivable [Line Items]
Recorded Investment, With no related allowance recorded	$ 23,667	$ 14,815
Recorded Investment, With a related allowance recorded	17,612	14,896
Recorded Investment, Total	41,279	29,711
Unpaid Principal Balance, With no related allowance recorded	28,072	20,707
Unpaid Principal Balance, With a related allowance recorded	19,560	15,581
Unpaid Principal Balance, Total	47,632	36,288
Related Allowance, With no related allowance recorded	0	0
Related Allowance, With a related allowance recorded	1,092	854
Related Allowance, Total	1,092	854
Average Recorded Investment, With no related allowance recorded	19,242	13,965
Average Recorded Investment, With a related allowance recorded	16,256	25,340
Average Recorded Investment, Total	35,497	39,305
Interest Income Recognized, With no related allowance recorded	11	527
Interest Income Recognized, With a related allowance recorded	64	648
Interest Income Recognized, Total	75	1,175
Commercial Non-Real Estate [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Recorded Investment, With no related allowance recorded	11,389	3,003
Recorded Investment, With a related allowance recorded	3,177	984
Recorded Investment, Total	14,566	3,987
Unpaid Principal Balance, With no related allowance recorded	11,893	3,646
Unpaid Principal Balance, With a related allowance recorded	3,928	984
Unpaid Principal Balance, Total	15,821	4,630
Related Allowance, With no related allowance recorded	0	0
Related Allowance, With a related allowance recorded	529	14
Related Allowance, Total	529	14
Average Recorded Investment, With no related allowance recorded	7,196	1,566
Average Recorded Investment, With a related allowance recorded	2,081	6,581
Average Recorded Investment, Total	9,277	8,147
Interest Income Recognized, With no related allowance recorded		51
Interest Income Recognized, With a related allowance recorded	2	221
Interest Income Recognized, Total	2	272
Construction and Land Development [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Recorded Investment, With no related allowance recorded	484	3,345
Recorded Investment, With a related allowance recorded	3,897	4,905
Recorded Investment, Total	4,381	8,250
Unpaid Principal Balance, With no related allowance recorded	2,045	6,486
Unpaid Principal Balance, With a related allowance recorded	4,555	4,906
Unpaid Principal Balance, Total	6,600	11,392
Related Allowance, With no related allowance recorded	0	0
Related Allowance, With a related allowance recorded	71	19
Related Allowance, Total	71	19
Average Recorded Investment, With no related allowance recorded	1,915	3,451
Average Recorded Investment, With a related allowance recorded	4,401	7,697
Average Recorded Investment, Total	6,316	11,148
Interest Income Recognized, With no related allowance recorded		142
Interest Income Recognized, With a related allowance recorded	32	193
Interest Income Recognized, Total	32	335
Commercial Real Estate [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Recorded Investment, With no related allowance recorded	10,659	8,467
Recorded Investment, With a related allowance recorded	9,130	6,345
Recorded Investment, Total	19,789	14,812
Unpaid Principal Balance, With no related allowance recorded	12,598	10,575
Unpaid Principal Balance, With a related allowance recorded	9,158	6,374
Unpaid Principal Balance, Total	21,756	16,949
Related Allowance, With no related allowance recorded	0	0
Related Allowance, With a related allowance recorded	401	488
Related Allowance, Total	401	488
Average Recorded Investment, With no related allowance recorded	9,563	8,772
Average Recorded Investment, With a related allowance recorded	7,738	8,857
Average Recorded Investment, Total	17,301	17,629
Interest Income Recognized, With no related allowance recorded	10	331
Interest Income Recognized, With a related allowance recorded	17	184
Interest Income Recognized, Total	27	515
Residential Mortgages [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Recorded Investment, With no related allowance recorded	1,034
Recorded Investment, With a related allowance recorded	1,389	2,656
Recorded Investment, Total	2,423	2,656
Unpaid Principal Balance, With no related allowance recorded	1,435
Unpaid Principal Balance, With a related allowance recorded	1,900	3,311
Unpaid Principal Balance, Total	3,335	3,311
Related Allowance, With no related allowance recorded	0	0
Related Allowance, With a related allowance recorded	88	330
Related Allowance, Total	88	330
Average Recorded Investment, With no related allowance recorded	517	176
Average Recorded Investment, With a related allowance recorded	2,023	2,204
Average Recorded Investment, Total	2,540	2,380
Interest Income Recognized, With no related allowance recorded	1	3
Interest Income Recognized, With a related allowance recorded	11	50
Interest Income Recognized, Total	12	53
Consumer [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Recorded Investment, With no related allowance recorded	101
Recorded Investment, With a related allowance recorded	19	6
Recorded Investment, Total	120	6
Unpaid Principal Balance, With no related allowance recorded	101
Unpaid Principal Balance, With a related allowance recorded	19	6
Unpaid Principal Balance, Total	120	6
Related Allowance, With no related allowance recorded	0	0
Related Allowance, With a related allowance recorded	3	3
Related Allowance, Total	3	3
Average Recorded Investment, With no related allowance recorded	51
Average Recorded Investment, With a related allowance recorded	13	1
Average Recorded Investment, Total	63	1
Interest Income Recognized, With a related allowance recorded	2
Interest Income Recognized, Total	2
Originated Loans [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Recorded Investment, With no related allowance recorded	23,667	14,815
Recorded Investment, With a related allowance recorded	15,033	12,205
Recorded Investment, Total	38,700	27,020
Unpaid Principal Balance, With no related allowance recorded	28,072	20,707
Unpaid Principal Balance, With a related allowance recorded	16,958	12,861
Unpaid Principal Balance, Total	45,030	33,568
Related Allowance, With no related allowance recorded	0	0
Related Allowance, With a related allowance recorded	838	377
Related Allowance, Total	838	377
Average Recorded Investment, With no related allowance recorded	19,242	13,088
Average Recorded Investment, With a related allowance recorded	13,621	21,887
Average Recorded Investment, Total	32,862	34,976
Interest Income Recognized, With no related allowance recorded	11	527
Interest Income Recognized, With a related allowance recorded	64	395
Interest Income Recognized, Total	75	921
Originated Loans [Member] | Commercial Non-Real Estate [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Recorded Investment, With no related allowance recorded	11,389	3,003
Recorded Investment, With a related allowance recorded	3,177	984
Recorded Investment, Total	14,566	3,987
Unpaid Principal Balance, With no related allowance recorded	11,893	3,646
Unpaid Principal Balance, With a related allowance recorded	3,928	984
Unpaid Principal Balance, Total	15,821	4,630
Related Allowance, With no related allowance recorded	0	0
Related Allowance, With a related allowance recorded	529	14
Related Allowance, Total	529	14
Average Recorded Investment, With no related allowance recorded	7,196	1,209
Average Recorded Investment, With a related allowance recorded	2,081	5,522
Average Recorded Investment, Total	9,277	6,732
Interest Income Recognized, With no related allowance recorded		51
Interest Income Recognized, With a related allowance recorded	2	99
Interest Income Recognized, Total	2	150
Originated Loans [Member] | Construction and Land Development [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Recorded Investment, With no related allowance recorded	484	3,345
Recorded Investment, With a related allowance recorded	3,897	4,905
Recorded Investment, Total	4,381	8,250
Unpaid Principal Balance, With no related allowance recorded	2,045	6,486
Unpaid Principal Balance, With a related allowance recorded	4,555	4,906
Unpaid Principal Balance, Total	6,600	11,392
Related Allowance, With no related allowance recorded	0	0
Related Allowance, With a related allowance recorded	71	19
Related Allowance, Total	71	19
Average Recorded Investment, With no related allowance recorded	1,915	3,330
Average Recorded Investment, With a related allowance recorded	4,401	6,660
Average Recorded Investment, Total	6,316	9,990
Interest Income Recognized, With no related allowance recorded		142
Interest Income Recognized, With a related allowance recorded	32	137
Interest Income Recognized, Total	32	279
Originated Loans [Member] | Commercial Real Estate [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Recorded Investment, With no related allowance recorded	10,659	8,467
Recorded Investment, With a related allowance recorded	6,551	3,654
Recorded Investment, Total	17,210	12,121
Unpaid Principal Balance, With no related allowance recorded	12,598	10,575
Unpaid Principal Balance, With a related allowance recorded	6,556	3,654
Unpaid Principal Balance, Total	19,154	14,229
Related Allowance, With no related allowance recorded	0	0
Related Allowance, With a related allowance recorded	147	11
Related Allowance, Total	147	11
Average Recorded Investment, With no related allowance recorded	9,563	8,461
Average Recorded Investment, With a related allowance recorded	5,103	7,500
Average Recorded Investment, Total	14,666	15,961
Interest Income Recognized, With no related allowance recorded	10	331
Interest Income Recognized, With a related allowance recorded	17	109
Interest Income Recognized, Total	27	439
Originated Loans [Member] | Residential Mortgages [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Recorded Investment, With no related allowance recorded	1,034
Recorded Investment, With a related allowance recorded	1,389	2,656
Recorded Investment, Total	2,423	2,656
Unpaid Principal Balance, With no related allowance recorded	1,435
Unpaid Principal Balance, With a related allowance recorded	1,900	3,311
Unpaid Principal Balance, Total	3,335	3,311
Related Allowance, With no related allowance recorded	0	0
Related Allowance, With a related allowance recorded	88	330
Related Allowance, Total	88	330
Average Recorded Investment, With no related allowance recorded	517	88
Average Recorded Investment, With a related allowance recorded	2,023	2,204
Average Recorded Investment, Total	2,540	2,292
Interest Income Recognized, With no related allowance recorded	1	3
Interest Income Recognized, With a related allowance recorded	11	50
Interest Income Recognized, Total	12	53
Originated Loans [Member] | Consumer [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Recorded Investment, With no related allowance recorded	101
Recorded Investment, With a related allowance recorded	19	6
Recorded Investment, Total	120	6
Unpaid Principal Balance, With no related allowance recorded	101
Unpaid Principal Balance, With a related allowance recorded	19	6
Unpaid Principal Balance, Total	120	6
Related Allowance, With no related allowance recorded	0	0
Related Allowance, With a related allowance recorded	3	3
Related Allowance, Total	3	3
Average Recorded Investment, With no related allowance recorded	51
Average Recorded Investment, With a related allowance recorded	13	1
Average Recorded Investment, Total	63	1
Interest Income Recognized, With a related allowance recorded	2
Interest Income Recognized, Total	2
Acquired Loans [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Recorded Investment, With a related allowance recorded	2,579	2,691
Recorded Investment, Total	2,579	2,691
Unpaid Principal Balance, With a related allowance recorded	2,602	2,720
Unpaid Principal Balance, Total	2,602	2,720
Related Allowance, With no related allowance recorded	0	0
Related Allowance, With a related allowance recorded	254	477
Related Allowance, Total	254	477
Average Recorded Investment, With no related allowance recorded		877
Average Recorded Investment, With a related allowance recorded	2,635	3,453
Average Recorded Investment, Total	2,635	4,330
Interest Income Recognized, With a related allowance recorded		253
Interest Income Recognized, Total		253
Acquired Loans [Member] | Commercial Non-Real Estate [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Related Allowance, With no related allowance recorded	0	0
Average Recorded Investment, With no related allowance recorded		357
Average Recorded Investment, With a related allowance recorded		1,059
Average Recorded Investment, Total		1,416
Interest Income Recognized, With a related allowance recorded		122
Interest Income Recognized, Total		122
Acquired Loans [Member] | Construction and Land Development [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Related Allowance, With no related allowance recorded	0	0
Average Recorded Investment, With no related allowance recorded		121
Average Recorded Investment, With a related allowance recorded		1,037
Average Recorded Investment, Total		1,158
Interest Income Recognized, With a related allowance recorded		56
Interest Income Recognized, Total		56
Acquired Loans [Member] | Commercial Real Estate [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Recorded Investment, With a related allowance recorded	2,579	2,691
Recorded Investment, Total	2,579	2,691
Unpaid Principal Balance, With a related allowance recorded	2,602	2,720
Unpaid Principal Balance, Total	2,602	2,720
Related Allowance, With no related allowance recorded	0	0
Related Allowance, With a related allowance recorded	254	477
Related Allowance, Total	254	477
Average Recorded Investment, With no related allowance recorded		311
Average Recorded Investment, With a related allowance recorded	2,635	1,357
Average Recorded Investment, Total	2,635	1,668
Interest Income Recognized, With a related allowance recorded		75
Interest Income Recognized, Total		75
Acquired Loans [Member] | Residential Mortgages [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Related Allowance, With no related allowance recorded	0	0
Average Recorded Investment, With no related allowance recorded		88
Average Recorded Investment, Total		88
Acquired Loans [Member] | Consumer [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Related Allowance, With no related allowance recorded	$ 0	$ 0

XML

Share-Based Payment Arrangements - Additional Information (Detail) (USD $) In Millions, except Share data, unless otherwise specified	3 Months Ended
	Mar. 31, 2015 Bank	Mar. 31, 2014
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Intrinsic value of options exercised	$ 0.5	$ 0.2
Unrecognized compensation cost	40.1
Weighted-average period in years	3 years 6 months
Total fair value of shares vested	$ 0.9	$ 0.8
Shareholder return period	3 years
Number of peer group of regional banks	50
Performance Share Award [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Shares granted to key members of executives and senior management	59,312
Weighted average fair value of shares granted	$ 25.77
Percentage of maximum number of shares earned of target award	200.00%

XML

Long-Term Debt - Long-Term Debt (Parenthetical) (Detail)	3 Months Ended
	Jun. 30, 2012	Mar. 31, 2015
Debt Instrument [Line Items]
Subordinated notes payable maturity date	Apr. 30, 2017
Subordinated Notes Payable Maturing June 2045 [Member] | Subordinated Debt [Member]
Debt Instrument [Line Items]
Subordinated notes payable maturity date		Jun. 15, 2045
Subordinated Notes Payable Maturing April 2017 [Member] | Subordinated Debt [Member]
Debt Instrument [Line Items]
Subordinated notes payable maturity date		Apr. 30, 2017

XML

Loans and Allowance for Loan Losses - Schedule of Troubled Debt Restructurings Occurred During Period by Portfolio Segment (Detail) (Troubled Debt Restructurings [Member], USD $) In Thousands, unless otherwise specified	3 Months Ended
	Mar. 31, 2015 Contract	Mar. 31, 2014 Contract
Troubled Debt Restructuring, Debtor, Current Period [Line Items]
Number of Contracts	3	3
Pre-Modification Outstanding Recorded Investment	$ 88	$ 1,736
Post-Modification Outstanding Recorded Investment	88	1,425
Commercial Real Estate [Member]
Troubled Debt Restructuring, Debtor, Current Period [Line Items]
Number of Contracts		1
Pre-Modification Outstanding Recorded Investment		963
Post-Modification Outstanding Recorded Investment		918
Residential Mortgages [Member]
Troubled Debt Restructuring, Debtor, Current Period [Line Items]
Number of Contracts	2	2
Pre-Modification Outstanding Recorded Investment	68	773
Post-Modification Outstanding Recorded Investment	68	507
Consumer [Member]
Troubled Debt Restructuring, Debtor, Current Period [Line Items]
Number of Contracts	1
Pre-Modification Outstanding Recorded Investment	20
Post-Modification Outstanding Recorded Investment	20
Originated Loans [Member]
Troubled Debt Restructuring, Debtor, Current Period [Line Items]
Number of Contracts	3	3
Pre-Modification Outstanding Recorded Investment	88	1,736
Post-Modification Outstanding Recorded Investment	88	1,425
Originated Loans [Member] | Commercial Real Estate [Member]
Troubled Debt Restructuring, Debtor, Current Period [Line Items]
Number of Contracts		1
Pre-Modification Outstanding Recorded Investment		963
Post-Modification Outstanding Recorded Investment		918
Originated Loans [Member] | Residential Mortgages [Member]
Troubled Debt Restructuring, Debtor, Current Period [Line Items]
Number of Contracts	2	2
Pre-Modification Outstanding Recorded Investment	68	773
Post-Modification Outstanding Recorded Investment	68	507
Originated Loans [Member] | Consumer [Member]
Troubled Debt Restructuring, Debtor, Current Period [Line Items]
Number of Contracts	1
Pre-Modification Outstanding Recorded Investment	20
Post-Modification Outstanding Recorded Investment	$ 20

XML

Other Noninterest Expense (Tables)

3 Months Ended

Mar. 31, 2015

Text Block [Abstract]

Components of Other Noninterest Expense

Components of other noninterest expense are as follows:

	Three Months Ended March 31,
(in thousands)	2015		2014
Advertising	$	2,165	$	1,759
Ad valorem and franchise taxes		2,715		2,661
Printing and supplies		1,217		1,031
Insurance expense		922		1,040
Travel expense		1,219		896
Entertainment and contributions		1,639		1,412
Tax credit investment amortization		2,095		2,172
Other miscellaneous		2,834		4,846
Total other noninterest expense	$	14,806	$	15,817

XML

Retirement Plans - Additional Information (Detail) (USD $) In Millions, unless otherwise specified	3 Months Ended
	Mar. 31, 2015
Compensation and Retirement Disclosure [Abstract]
Contributed to pension plan	$ 10
Percentage of compensation saved by participant for which employer contributes hundred percent	100.00%
Employer matching contribution for first one percent of compensation saved	1.00%
Percentage of compensation saved by participant for which employer contributes fifty percent	50.00%
Employer matching contribution for next five percent of compensation saved	5.00%

XML

Fair Value - Schedule of Financial Assets and Liabilities Measured at Fair Value on Recurring Basis (Detail) (USD $) In Thousands, unless otherwise specified	Mar. 31, 2015	Dec. 31, 2014
Fair Value Assets And Liabilities Measured On Recurring Basis [Line Items]
Available for sale debt securities	$ 1,825,608	$ 1,660,165
Derivative assets	28,562	19,432
Total recurring fair value measurements-assets	1,854,170	1,679,597
Derivative liabilities	29,379	20,860
Total recurring fair value measurements-liabilities	29,379	20,860
Municipal Obligations [Member]
Fair Value Assets And Liabilities Measured On Recurring Basis [Line Items]
Available for sale debt securities	12,965	14,176
U.S. Treasury and Government Agency Securities [Member]
Fair Value Assets And Liabilities Measured On Recurring Basis [Line Items]
Available for sale debt securities	99,416	300,508
Corporate Debt Securities [Member]
Fair Value Assets And Liabilities Measured On Recurring Basis [Line Items]
Available for sale debt securities	3,500	3,500
Mortgage-Backed Securities [Member]
Fair Value Assets And Liabilities Measured On Recurring Basis [Line Items]
Available for sale debt securities	1,474,789	1,245,564
Collateralized Mortgage Obligations [Member]
Fair Value Assets And Liabilities Measured On Recurring Basis [Line Items]
Available for sale debt securities	232,112	86,864
Equity Securities [Member]
Fair Value Assets And Liabilities Measured On Recurring Basis [Line Items]
Available for sale debt securities	2,826	9,553
Level 1 [Member]
Fair Value Assets And Liabilities Measured On Recurring Basis [Line Items]
Available for sale debt securities	2,826	9,553
Total recurring fair value measurements-assets	2,826	9,553
Level 1 [Member] | Equity Securities [Member]
Fair Value Assets And Liabilities Measured On Recurring Basis [Line Items]
Available for sale debt securities	2,826	9,553
Level 2 [Member]
Fair Value Assets And Liabilities Measured On Recurring Basis [Line Items]
Available for sale debt securities	1,822,782	1,650,612
Derivative assets	28,562	19,432
Total recurring fair value measurements-assets	1,851,344	1,670,044
Derivative liabilities	29,379	20,860
Total recurring fair value measurements-liabilities	29,379	20,860
Level 2 [Member] | Municipal Obligations [Member]
Fair Value Assets And Liabilities Measured On Recurring Basis [Line Items]
Available for sale debt securities	12,965	14,176
Level 2 [Member] | U.S. Treasury and Government Agency Securities [Member]
Fair Value Assets And Liabilities Measured On Recurring Basis [Line Items]
Available for sale debt securities	99,416	300,508
Level 2 [Member] | Corporate Debt Securities [Member]
Fair Value Assets And Liabilities Measured On Recurring Basis [Line Items]
Available for sale debt securities	3,500	3,500
Level 2 [Member] | Mortgage-Backed Securities [Member]
Fair Value Assets And Liabilities Measured On Recurring Basis [Line Items]
Available for sale debt securities	1,474,789	1,245,564
Level 2 [Member] | Collateralized Mortgage Obligations [Member]
Fair Value Assets And Liabilities Measured On Recurring Basis [Line Items]
Available for sale debt securities	$ 232,112	$ 86,864

XML

Share-Based Payment Arrangements - Schedule of Nonvested Restricted and Performance Shares (Detail) (Restricted Stock and Performance Shares [Member], USD $)	3 Months Ended
	Mar. 31, 2015
Restricted Stock and Performance Shares [Member]
Nonvested Share Activity [Line Items]
Number of Shares, Nonvested at Beginning	2,040,299
Number of Shares, Granted	79,410
Number of Shares, Vested	(19,136)
Number of Shares, Forfeited	(63,796)
Number of Shares, Nonvested at Ending	2,036,777
Weighted-Average Grant-Date Fair Value, Nonvested at Beginning	$ 32.27
Weighted-Average Grant-Date Fair Value, Granted	$ 26.70
Weighted-Average Grant-Date Fair Value, Vested	$ 36.15
Weighted-Average Grant-Date Fair Value, Cancelled/Forfeited	$ 33.51
Weighted-Average Grant-Date Fair Value, Nonvested at Ending	$ 31.98

XML

Long-Term Debt (Tables)

3 Months Ended

Mar. 31, 2015

Debt Disclosure [Abstract]

Long-Term Debt

Long-term debt consisted of the following:

(in thousands)	March 31, 2015		December 31, 2014
Subordinated notes payable maturing June 2045	$	150,000	$	—
Subordinated notes payable maturing April 2017		98,011		98,011
Term note payable maturing December 2015		140,800		149,600
Other long-term debt		127,196		126,760
Total long-term debt	$	516,007	$	374,371

XML

Loans and Allowance for Loan Losses - Schedule of Credit Quality Indicators of Various Classes of Loans - Credit Risk Profile by Internally Assigned Grade (Detail) (USD $) In Thousands, unless otherwise specified	Mar. 31, 2015	Dec. 31, 2014
Commercial Real Estate Credit Exposure [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Credit risk profile by internally assigned grade	$ 3,150,103	$ 3,144,048
Commercial Real Estate Credit Exposure [Member] | Pass [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Credit risk profile by internally assigned grade	2,911,388	2,887,496
Commercial Real Estate Credit Exposure [Member] | Pass-Watch [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Credit risk profile by internally assigned grade	71,259	77,278
Commercial Real Estate Credit Exposure [Member] | Special Mention [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Credit risk profile by internally assigned grade	26,100	30,975
Commercial Real Estate Credit Exposure [Member] | Substandard [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Credit risk profile by internally assigned grade	141,337	148,278
Commercial Real Estate Credit Exposure [Member] | Doubtful [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Credit risk profile by internally assigned grade	19	21
Commercial Real Estate Credit Exposure [Member] | Originated Loans [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Credit risk profile by internally assigned grade	2,492,351	2,428,195
Commercial Real Estate Credit Exposure [Member] | Originated Loans [Member] | Pass [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Credit risk profile by internally assigned grade	2,316,577	2,241,391
Commercial Real Estate Credit Exposure [Member] | Originated Loans [Member] | Pass-Watch [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Credit risk profile by internally assigned grade	58,743	61,589
Commercial Real Estate Credit Exposure [Member] | Originated Loans [Member] | Special Mention [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Credit risk profile by internally assigned grade	14,915	21,543
Commercial Real Estate Credit Exposure [Member] | Originated Loans [Member] | Substandard [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Credit risk profile by internally assigned grade	102,097	103,651
Commercial Real Estate Credit Exposure [Member] | Originated Loans [Member] | Doubtful [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Credit risk profile by internally assigned grade	19	21
Commercial Real Estate Credit Exposure [Member] | Acquired Loans [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Credit risk profile by internally assigned grade	629,975	688,045
Commercial Real Estate Credit Exposure [Member] | Acquired Loans [Member] | Pass [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Credit risk profile by internally assigned grade	588,942	641,966
Commercial Real Estate Credit Exposure [Member] | Acquired Loans [Member] | Pass-Watch [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Credit risk profile by internally assigned grade	9,644	11,142
Commercial Real Estate Credit Exposure [Member] | Acquired Loans [Member] | Special Mention [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Credit risk profile by internally assigned grade	9,531	8,113
Commercial Real Estate Credit Exposure [Member] | Acquired Loans [Member] | Substandard [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Credit risk profile by internally assigned grade	21,858	26,824
Commercial Real Estate Credit Exposure [Member] | FDIC Acquired Loans [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Credit risk profile by internally assigned grade	27,777	27,808
Commercial Real Estate Credit Exposure [Member] | FDIC Acquired Loans [Member] | Pass [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Credit risk profile by internally assigned grade	5,869	4,139
Commercial Real Estate Credit Exposure [Member] | FDIC Acquired Loans [Member] | Pass-Watch [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Credit risk profile by internally assigned grade	2,872	4,547
Commercial Real Estate Credit Exposure [Member] | FDIC Acquired Loans [Member] | Special Mention [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Credit risk profile by internally assigned grade	1,654	1,319
Commercial Real Estate Credit Exposure [Member] | FDIC Acquired Loans [Member] | Substandard [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Credit risk profile by internally assigned grade	17,382	17,803
Commercial Non Real Estate Credit Exposure [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Credit risk profile by internally assigned grade	5,987,084	6,044,060
Commercial Non Real Estate Credit Exposure [Member] | Pass [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Credit risk profile by internally assigned grade	5,550,734	5,691,701
Commercial Non Real Estate Credit Exposure [Member] | Pass-Watch [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Credit risk profile by internally assigned grade	236,787	176,577
Commercial Non Real Estate Credit Exposure [Member] | Special Mention [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Credit risk profile by internally assigned grade	64,412	53,312
Commercial Non Real Estate Credit Exposure [Member] | Substandard [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Credit risk profile by internally assigned grade	135,067	122,395
Commercial Non Real Estate Credit Exposure [Member] | Doubtful [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Credit risk profile by internally assigned grade	69	75
Commercial Non Real Estate Credit Exposure [Member] | Loss [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Credit risk profile by internally assigned grade	15
Commercial Non Real Estate Credit Exposure [Member] | Originated Loans [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Credit risk profile by internally assigned grade	5,861,887	5,917,728
Commercial Non Real Estate Credit Exposure [Member] | Originated Loans [Member] | Pass [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Credit risk profile by internally assigned grade	5,438,058	5,577,827
Commercial Non Real Estate Credit Exposure [Member] | Originated Loans [Member] | Pass-Watch [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Credit risk profile by internally assigned grade	235,510	174,742
Commercial Non Real Estate Credit Exposure [Member] | Originated Loans [Member] | Special Mention [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Credit risk profile by internally assigned grade	64,045	52,962
Commercial Non Real Estate Credit Exposure [Member] | Originated Loans [Member] | Substandard [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Credit risk profile by internally assigned grade	124,219	112,153
Commercial Non Real Estate Credit Exposure [Member] | Originated Loans [Member] | Doubtful [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Credit risk profile by internally assigned grade	40	44
Commercial Non Real Estate Credit Exposure [Member] | Originated Loans [Member] | Loss [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Credit risk profile by internally assigned grade	15
Commercial Non Real Estate Credit Exposure [Member] | Acquired Loans [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Credit risk profile by internally assigned grade	118,260	120,137
Commercial Non Real Estate Credit Exposure [Member] | Acquired Loans [Member] | Pass [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Credit risk profile by internally assigned grade	109,784	111,847
Commercial Non Real Estate Credit Exposure [Member] | Acquired Loans [Member] | Pass-Watch [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Credit risk profile by internally assigned grade	282	715
Commercial Non Real Estate Credit Exposure [Member] | Acquired Loans [Member] | Special Mention [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Credit risk profile by internally assigned grade	367	350
Commercial Non Real Estate Credit Exposure [Member] | Acquired Loans [Member] | Substandard [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Credit risk profile by internally assigned grade	7,827	7,225
Commercial Non Real Estate Credit Exposure [Member] | FDIC Acquired Loans [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Credit risk profile by internally assigned grade	6,937	6,195
Commercial Non Real Estate Credit Exposure [Member] | FDIC Acquired Loans [Member] | Pass [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Credit risk profile by internally assigned grade	2,892	2,027
Commercial Non Real Estate Credit Exposure [Member] | FDIC Acquired Loans [Member] | Pass-Watch [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Credit risk profile by internally assigned grade	995	1,120
Commercial Non Real Estate Credit Exposure [Member] | FDIC Acquired Loans [Member] | Substandard [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Credit risk profile by internally assigned grade	3,021	3,017
Commercial Non Real Estate Credit Exposure [Member] | FDIC Acquired Loans [Member] | Doubtful [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Credit risk profile by internally assigned grade	$ 29	$ 31

XML

Loans and Allowance for Loan Losses - Schedule of Activity in Loss Share Receivable (Detail) (USD $) In Thousands, unless otherwise specified	3 Months Ended
	Mar. 31, 2015	Mar. 31, 2014
Receivables [Abstract]
Beginning balance	$ 60,272	$ 113,834
Amortization	(1,197)	(3,908)
Charge-offs, write-downs and other recoveries	(1,475)	(452)
External expenses qualifying under loss share agreement	298	1,848
Changes due to changes in cash flow projections	(421)	(6,853)
Net payments from FDIC	(7,580)
Ending balance	$ 49,897	$ 104,469

XML

Other Noninterest Expense - Components of Other Noninterest Expense (Detail) (USD $) In Thousands, unless otherwise specified	3 Months Ended
	Mar. 31, 2015	Mar. 31, 2014
Noninterest Expense [Abstract]
Advertising	$ 2,165	$ 1,759
Ad valorem and franchise taxes	2,715	2,661
Printing and supplies	1,217	1,031
Insurance expense	922	1,040
Travel expense	1,219	896
Entertainment and contributions	1,639	1,412
Tax credit investment amortization	2,095	2,172
Other miscellaneous	2,834	4,846
Total other noninterest expense	$ 14,806	$ 15,817

XML

Securities - Amortized Cost and Fair Value of Held to Maturity Securities by Final Contractual Maturity (Detail) (USD $) In Thousands, unless otherwise specified	Mar. 31, 2015	Dec. 31, 2014
Amortized Cost And Estimated Fair Value Of Debt Securities By Contractual Maturity [Abstract]
Securities Held to Maturity, Due in one year or less, Amortized Cost	$ 425,253
Securities Held to Maturity, Due after one year through five years, Amortized Cost	387,765
Securities Held to Maturity, Due after five years through ten years, Amortized Cost	108,198
Securities Held to Maturity, Due after ten years, Amortized Cost	1,361,080
Securities Held to Maturity, Amortized Cost	2,282,296	2,166,289
Securities Held to Maturity, Due in one year or less, Fair Value	427,208
Securities Held to Maturity, Due after one year through five years, Fair Value	386,448
Securities Held to Maturity, Due after five years through ten years, Fair Value	108,110
Securities Held to Maturity, Due after ten years, Fair Value	1,394,352
Total Held to Maturity Securities, Fair Value	$ 2,316,118	$ 2,186,340

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Loans and Allowance for Loan Losses - Schedule of Credit Quality Indicators of Various Classes of Loans - Credit Risk Profile Based on Payment Activity and Accrual Status (Detail) (USD $) In Thousands, unless otherwise specified	Mar. 31, 2015	Dec. 31, 2014
Residential Mortgages [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Credit risk profile based on payment activity and accrual status	$ 1,913,885	$ 1,894,181
Residential Mortgages [Member] | Performing [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Credit risk profile based on payment activity and accrual status	1,890,435	1,870,887
Residential Mortgages [Member] | Nonperforming [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Credit risk profile based on payment activity and accrual status	23,450	23,294
Residential Mortgages [Member] | Originated Loans [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Credit risk profile based on payment activity and accrual status	1,736,033	1,704,770
Residential Mortgages [Member] | Originated Loans [Member] | Performing [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Credit risk profile based on payment activity and accrual status	1,712,583	1,681,868
Residential Mortgages [Member] | Originated Loans [Member] | Nonperforming [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Credit risk profile based on payment activity and accrual status	23,450	22,902
Residential Mortgages [Member] | Acquired Loans [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Credit risk profile based on payment activity and accrual status	2,485	2,378
Residential Mortgages [Member] | Acquired Loans [Member] | Performing [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Credit risk profile based on payment activity and accrual status	2,485	2,378
Residential Mortgages [Member] | FDIC Acquired Loans [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Credit risk profile based on payment activity and accrual status	175,367	187,033
Residential Mortgages [Member] | FDIC Acquired Loans [Member] | Performing [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Credit risk profile based on payment activity and accrual status	175,367	186,641
Residential Mortgages [Member] | FDIC Acquired Loans [Member] | Nonperforming [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Credit risk profile based on payment activity and accrual status		392
Consumer [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Credit risk profile based on payment activity and accrual status	1,759,804	1,706,226
Consumer [Member] | Performing [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Credit risk profile based on payment activity and accrual status	1,753,432	1,698,579
Consumer [Member] | Nonperforming [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Credit risk profile based on payment activity and accrual status	6,372	7,647
Consumer [Member] | Originated Loans [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Credit risk profile based on payment activity and accrual status	1,742,810	1,685,542
Consumer [Member] | Originated Loans [Member] | Performing [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Credit risk profile based on payment activity and accrual status	1,736,438	1,678,069
Consumer [Member] | Originated Loans [Member] | Nonperforming [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Credit risk profile based on payment activity and accrual status	6,372	7,473
Consumer [Member] | Acquired Loans [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Credit risk profile based on payment activity and accrual status	25	985
Consumer [Member] | Acquired Loans [Member] | Performing [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Credit risk profile based on payment activity and accrual status	25	985
Consumer [Member] | FDIC Acquired Loans [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Credit risk profile based on payment activity and accrual status	16,969	19,699
Consumer [Member] | FDIC Acquired Loans [Member] | Performing [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Credit risk profile based on payment activity and accrual status	16,969	19,525
Consumer [Member] | FDIC Acquired Loans [Member] | Nonperforming [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Credit risk profile based on payment activity and accrual status		$ 174

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Earnings Per Share - Computation of Earnings Per Common Share (Detail) (USD $) In Thousands, except Per Share data, unless otherwise specified	3 Months Ended
	Mar. 31, 2015	Mar. 31, 2014
Numerator:
Net income to common shareholders	$ 40,159	$ 49,115
Net income allocated to participating securities - basic and diluted	935	1,081
Net income allocated to common shareholders - basic and diluted	$ 39,224	$ 48,034
Denominator:
Weighted-average common shares - basic	79,496	82,277
Dilutive potential common shares	165	257
Weighted-average common shares - diluted	79,661	82,534
Earnings per common share:
Basic	$ 0.49	$ 0.58
Diluted	$ 0.49	$ 0.58

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Derivatives - Fair Values of Derivative Instruments on Balance Sheet (Detail) (USD $)	Mar. 31, 2015	Dec. 31, 2014
Derivatives, Fair Value [Line Items]
Derivative Fair Value Of Asset	$ 28,562,000	$ 19,432,000
Derivative Fair Value Of Liability	29,379,000	20,860,000
Interest Rate Swaps [Member]
Derivatives, Fair Value [Line Items]
Notional Amount	300,000,000
Derivatives Designated as Hedging Instruments [Member]
Derivatives, Fair Value [Line Items]
Notional Amount	300,000,000	300,000,000
Derivative Fair Value Of Asset	399,000
Derivative Fair Value Of Liability		592,000
Derivatives Designated as Hedging Instruments [Member] | Interest Rate Swaps [Member]
Derivatives, Fair Value [Line Items]
Notional Amount	300,000,000	300,000,000
Derivative Fair Value Of Asset	399,000
Derivative Fair Value Of Liability		592,000
Derivatives Not Designated as Hedging Instruments [Member]
Derivatives, Fair Value [Line Items]
Notional Amount	1,026,020,000	1,002,930,000
Derivative Fair Value Of Asset	28,163,000	19,432,000
Derivative Fair Value Of Liability	29,379,000	20,268,000
Derivatives Not Designated as Hedging Instruments [Member] | Interest Rate Swaps [Member]
Derivatives, Fair Value [Line Items]
Notional Amount	754,970,000	747,754,000
Derivative Fair Value Of Asset	22,914,000	17,806,000
Derivative Fair Value Of Liability	23,830,000	18,419,000
Derivatives Not Designated as Hedging Instruments [Member] | Risk Participation Agreements [Member]
Derivatives, Fair Value [Line Items]
Notional Amount	79,887,000	80,438,000
Derivative Fair Value Of Asset	127,000	125,000
Derivative Fair Value Of Liability	241,000	208,000
Derivatives Not Designated as Hedging Instruments [Member] | Forward Commitments to Sell Residential Mortgage Loans [Member]
Derivatives, Fair Value [Line Items]
Notional Amount	70,421,000	52,238,000
Derivative Fair Value Of Asset	55,000	80,000
Derivative Fair Value Of Liability	764,000	250,000
Derivatives Not Designated as Hedging Instruments [Member] | Interest Rate-Lock Commitments on Residential Mortgage Loans [Member]
Derivatives, Fair Value [Line Items]
Notional Amount	51,986,000	33,068,000
Derivative Fair Value Of Asset	577,000	111,000
Derivative Fair Value Of Liability	25,000	44,000
Derivatives Not Designated as Hedging Instruments [Member] | Foreign Exchange Forward Contracts [Member]
Derivatives, Fair Value [Line Items]
Notional Amount	68,756,000	89,432,000
Derivative Fair Value Of Asset	4,490,000	1,310,000
Derivative Fair Value Of Liability	$ 4,519,000	$ 1,347,000

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Loans and Allowance for Loan Losses - Schedule of Troubled Debt Restructurings Occurred During Period by Portfolio Segment - Troubled Debt Restructurings That Subsequently Defaulted (Detail) (Troubled Debt Restructurings That Subsequently Defaulted [Member], USD $) In Thousands, unless otherwise specified	3 Months Ended
	Mar. 31, 2014 Contract
Troubled Debt Restructuring, Debtor, Current Period [Line Items]
Number of Contracts	1
Recorded Investment	$ 926
Commercial Non-Real Estate [Member]
Troubled Debt Restructuring, Debtor, Current Period [Line Items]
Number of Contracts	1
Recorded Investment	926
Originated Loans [Member]
Troubled Debt Restructuring, Debtor, Current Period [Line Items]
Number of Contracts	1
Recorded Investment	926
Originated Loans [Member] | Commercial Non-Real Estate [Member]
Troubled Debt Restructuring, Debtor, Current Period [Line Items]
Number of Contracts	1
Recorded Investment	$ 926

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Basis of Presentation

3 Months Ended

Mar. 31, 2015

Accounting Policies [Abstract]

Basis of Presentation

1. Basis of Presentation

The consolidated financial statements include the accounts of Hancock Holding Company and all other entities in which it has a controlling interest (the “Company”). The financial statements include all adjustments that are, in the opinion of management, necessary to present fairly the Company’s financial condition, results of operations, changes in stockholders’ equity and cash flows for the interim periods presented. Some financial information and disclosures normally included in financial statements prepared in accordance with accounting principles generally accepted in the U.S. (“GAAP”) have been condensed or omitted in this Form 10-Q pursuant to Securities and Exchange Commission rules and regulations. These financial statements should be read in conjunction with the audited consolidated financial statements and the notes thereto included in the Company’s Annual Report on Form 10-K for the year ended December 31, 2014. Financial information reported in these financial statements is not necessarily indicative of the Company’s financial condition, results of operations, or cash flows for any other interim or annual period.

Use of Estimates

The accounting principles the Company follows and the methods for applying these principles conform with GAAP and with those generally practiced within the banking industry. These accounting principles require management to make estimates and assumptions about future events that affect the amounts reported in the consolidated financial statements and the accompanying notes. Actual results could differ from those estimates.

Critical Accounting Policies and Estimates

There were no material changes or developments with respect to methodologies that the Company uses when applying what management believes are critical accounting policies and developing critical accounting estimates as disclosed in our Annual Report on Form 10-K for the year ended December 31, 2014.

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Derivatives - Additional Information (Detail) (USD $)	3 Months Ended
	Mar. 31, 2015
Derivative [Line Items]
Variable rate term loan agreement maturity	January 2017
Termination value of derivatives in a net liability position	$ 9,600,000
Collateral obligations for derivative counterparties	27,300,000
Interest Rate Swaps [Member]
Derivative [Line Items]
Notional amount of derivatives	$ 300,000,000

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Loans and Allowance for Loan Losses - Allowance for Loan Losses by Portfolio Segment and Related Recorded Investment in Loans (Detail) (USD $) In Thousands, unless otherwise specified	3 Months Ended
	Mar. 31, 2015	Mar. 31, 2014	Dec. 31, 2014
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loans and Leases receivable, Allowance, Beginning Balance	$ 128,762
Ending balance: FDIC acquired loans	238,532		252,409
Ending balance: Loans	13,924,386		13,895,276
Net provision for loan losses	(6,154)	(7,963)
(Decrease) increase in FDIC loss share receivable	(421)	(6,853)
Loans and Leases receivable, Allowance, Ending Balance	128,386
Allowance for Loan Losses [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loans and Leases receivable, Allowance, Beginning Balance	128,762	133,626
Charge-offs	(10,464)	(11,492)
Recoveries	4,355	5,004
Net provision for loan losses	6,154	7,963
(Decrease) increase in FDIC loss share receivable	(421)	(6,853)
Loans and Leases receivable, Allowance, Ending Balance	128,386	128,248
Ending balance: Individually evaluated for impairment	1,092	2,752
Ending balance: Amounts related to acquired-impaired loans	27,638	43,429
Ending balance: Collectively evaluated for impairment	99,656	82,067
Loans [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Ending balance: Loans	13,924,386	12,527,937
Ending balance: Individually evaluated for impairment	41,279	40,140
Ending balance: Acquired-impaired loans	283,777	397,634
Ending balance: Collectively evaluated for impairment	13,599,330	12,090,163
Commercial Non-Real Estate [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Ending balance: FDIC acquired loans	6,937		6,195
Ending balance: Loans	5,987,084		6,044,060
Commercial Non-Real Estate [Member] | Allowance for Loan Losses [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loans and Leases receivable, Allowance, Beginning Balance	51,169	37,017
Charge-offs	(1,824)	(2,432)
Recoveries	995	1,271
Net provision for loan losses	6,752	4,562
(Decrease) increase in FDIC loss share receivable	(13)	(809)
Loans and Leases receivable, Allowance, Ending Balance	57,079	39,609
Ending balance: Individually evaluated for impairment	529	1,545
Ending balance: Amounts related to acquired-impaired loans	783	1,877
Ending balance: Collectively evaluated for impairment	55,767	36,187
Commercial Non-Real Estate [Member] | Loans [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Ending balance: Loans	5,987,084	5,198,029
Ending balance: Individually evaluated for impairment	14,566	11,107
Ending balance: Acquired-impaired loans	15,645	27,541
Ending balance: Collectively evaluated for impairment	5,956,873	5,159,381
Construction and Land Development [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Ending balance: FDIC acquired loans	11,482		11,674
Ending balance: Loans	1,113,510		1,106,761
Construction and Land Development [Member] | Allowance for Loan Losses [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loans and Leases receivable, Allowance, Beginning Balance	6,421	8,845
Charge-offs	(1,023)	(549)
Recoveries	1,649	1,508
Net provision for loan losses	(1,506)	(663)
(Decrease) increase in FDIC loss share receivable	(34)	(732)
Loans and Leases receivable, Allowance, Ending Balance	5,507	8,409
Ending balance: Individually evaluated for impairment	71	540
Ending balance: Amounts related to acquired-impaired loans	1,098	2,290
Ending balance: Collectively evaluated for impairment	4,338	5,579
Construction and Land Development [Member] | Loans [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Ending balance: Loans	1,113,510	978,798
Ending balance: Individually evaluated for impairment	4,381	11,785
Ending balance: Acquired-impaired loans	24,283	37,078
Ending balance: Collectively evaluated for impairment	1,084,846	929,935
Commercial Real Estate [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Ending balance: FDIC acquired loans	27,777		27,808
Ending balance: Loans	3,150,103		3,144,048
Commercial Real Estate [Member] | Allowance for Loan Losses [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loans and Leases receivable, Allowance, Beginning Balance	21,082	31,612
Charge-offs	(2,619)	(3,840)
Recoveries	110	467
Net provision for loan losses	(987)	1,118
(Decrease) increase in FDIC loss share receivable	1,207	(507)
Loans and Leases receivable, Allowance, Ending Balance	18,793	28,850
Ending balance: Individually evaluated for impairment	401	471
Ending balance: Amounts related to acquired-impaired loans	3,215	7,419
Ending balance: Collectively evaluated for impairment	15,177	20,960
Commercial Real Estate [Member] | Loans [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Ending balance: Loans	3,150,103	3,069,316
Ending balance: Individually evaluated for impairment	19,789	14,699
Ending balance: Acquired-impaired loans	49,003	82,068
Ending balance: Collectively evaluated for impairment	3,081,311	2,972,549
Residential Mortgages [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Ending balance: FDIC acquired loans	175,367		187,033
Ending balance: Loans	1,913,885		1,894,181
Residential Mortgages [Member] | Allowance for Loan Losses [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loans and Leases receivable, Allowance, Beginning Balance	28,660	34,881
Charge-offs	(1,302)	(549)
Recoveries	305	100
Net provision for loan losses	543	225
(Decrease) increase in FDIC loss share receivable	(1,171)	(2,666)
Loans and Leases receivable, Allowance, Ending Balance	27,035	31,991
Ending balance: Individually evaluated for impairment	88	196
Ending balance: Amounts related to acquired-impaired loans	19,150	24,903
Ending balance: Collectively evaluated for impairment	7,797	6,892
Residential Mortgages [Member] | Loans [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Ending balance: Loans	1,913,885	1,720,307
Ending balance: Individually evaluated for impairment	2,423	2,549
Ending balance: Acquired-impaired loans	177,852	204,571
Ending balance: Collectively evaluated for impairment	1,733,610	1,513,187
Consumer [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Ending balance: FDIC acquired loans	16,969		19,699
Ending balance: Loans	1,759,804		1,706,226
Consumer [Member] | Allowance for Loan Losses [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loans and Leases receivable, Allowance, Beginning Balance	21,430	21,271
Charge-offs	(3,696)	(4,122)
Recoveries	1,296	1,658
Net provision for loan losses	1,352	2,721
(Decrease) increase in FDIC loss share receivable	(410)	(2,139)
Loans and Leases receivable, Allowance, Ending Balance	19,972	19,389
Ending balance: Individually evaluated for impairment	3
Ending balance: Amounts related to acquired-impaired loans	3,392	6,940
Ending balance: Collectively evaluated for impairment	16,577	12,449
Consumer [Member] | Loans [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Ending balance: Loans	1,759,804	1,561,487
Ending balance: Individually evaluated for impairment	120
Ending balance: Acquired-impaired loans	16,994	46,376
Ending balance: Collectively evaluated for impairment	1,742,690	1,515,111
Originated Loans [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Ending balance: Loans	12,920,530		12,810,199
Originated Loans [Member] | Allowance for Loan Losses [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Allowance for loan losses, Beginning Balance	97,701	78,885
Charge-offs	(7,460)	(7,482)
Recoveries	3,806	3,504
Net provision for loan losses	6,447	4,653
Allowance for loan losses, Ending Balance	100,494	79,560
Ending balance: Individually evaluated for impairment	838	2,350
Ending balance: Collectively evaluated for impairment	99,656	77,210
Originated Loans [Member] | Loans [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Ending balance: Loans	12,920,530	9,924,364
Ending balance: Individually evaluated for impairment	38,700	35,140
Ending balance: Collectively evaluated for impairment	12,881,830	9,889,224
Originated Loans [Member] | Commercial Non-Real Estate [Member] | Allowance for Loan Losses [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Allowance for loan losses, Beginning Balance	50,258	33,091
Charge-offs	(1,697)	(2,386)
Recoveries	981	826
Net provision for loan losses	6,754	2,202
Allowance for loan losses, Ending Balance	56,296	33,733
Ending balance: Individually evaluated for impairment	529	1,457
Ending balance: Collectively evaluated for impairment	55,767	32,276
Originated Loans [Member] | Commercial Non-Real Estate [Member] | Loans [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Ending balance: Loans	5,861,887	4,353,549
Ending balance: Individually evaluated for impairment	14,566	9,109
Ending balance: Collectively evaluated for impairment	5,847,321	4,344,440
Originated Loans [Member] | Construction and Land Development [Member] | Allowance for Loan Losses [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Allowance for loan losses, Beginning Balance	5,413	6,180
Charge-offs	(747)	(91)
Recoveries	1,243	651
Net provision for loan losses	(1,500)	(739)
Allowance for loan losses, Ending Balance	4,409	6,001
Ending balance: Individually evaluated for impairment	71	508
Ending balance: Collectively evaluated for impairment	4,338	5,493
Originated Loans [Member] | Construction and Land Development [Member] | Loans [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Ending balance: Loans	1,087,449	824,837
Ending balance: Individually evaluated for impairment	4,381	11,064
Ending balance: Collectively evaluated for impairment	1,083,068	813,773
Originated Loans [Member] | Commercial Real Estate [Member] | Allowance for Loan Losses [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Allowance for loan losses, Beginning Balance	16,544	20,649
Charge-offs	(251)	(723)
Recoveries	(3)	331
Net provision for loan losses	(966)	716
Allowance for loan losses, Ending Balance	15,324	20,973
Ending balance: Individually evaluated for impairment	147	189
Ending balance: Collectively evaluated for impairment	15,177	20,784
Originated Loans [Member] | Commercial Real Estate [Member] | Loans [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Ending balance: Loans	2,492,351	2,110,096
Ending balance: Individually evaluated for impairment	17,210	12,418
Ending balance: Collectively evaluated for impairment	2,475,141	2,097,678
Originated Loans [Member] | Residential Mortgages [Member] | Allowance for Loan Losses [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Allowance for loan losses, Beginning Balance	8,051	6,892
Charge-offs	(1,209)	(241)
Recoveries	305	94
Net provision for loan losses	738	(153)
Allowance for loan losses, Ending Balance	7,885	6,592
Ending balance: Individually evaluated for impairment	88	196
Ending balance: Collectively evaluated for impairment	7,797	6,396
Originated Loans [Member] | Residential Mortgages [Member] | Loans [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Ending balance: Loans	1,736,033	1,228,170
Ending balance: Individually evaluated for impairment	2,423	2,549
Ending balance: Collectively evaluated for impairment	1,733,610	1,225,621
Originated Loans [Member] | Consumer [Member] | Allowance for Loan Losses [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Allowance for loan losses, Beginning Balance	17,435	12,073
Charge-offs	(3,556)	(4,041)
Recoveries	1,280	1,602
Net provision for loan losses	1,421	2,627
Allowance for loan losses, Ending Balance	16,580	12,261
Ending balance: Individually evaluated for impairment	3
Ending balance: Collectively evaluated for impairment	16,577	12,261
Originated Loans [Member] | Consumer [Member] | Loans [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Ending balance: Loans	1,742,810	1,407,712
Ending balance: Individually evaluated for impairment	120
Ending balance: Collectively evaluated for impairment	1,742,690	1,407,712
Acquired Loans [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Ending balance: Loans	765,324		832,668
Acquired Loans [Member] | Allowance for Loan Losses [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Allowance for loan losses, Beginning Balance	477	1,647
Net provision for loan losses	(223)	3,612
Allowance for loan losses, Ending Balance	254	5,259
Ending balance: Individually evaluated for impairment	254	402
Ending balance: Collectively evaluated for impairment		4,857
Acquired Loans [Member] | Loans [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Ending balance: Loans	765,324	2,272,436
Ending balance: Individually evaluated for impairment	2,579	5,000
Ending balance: Acquired-impaired loans	45,245	66,497
Ending balance: Collectively evaluated for impairment	717,500	2,200,939
Acquired Loans [Member] | Commercial Non-Real Estate [Member] | Allowance for Loan Losses [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Allowance for loan losses, Beginning Balance		1,603
Net provision for loan losses		2,396
Allowance for loan losses, Ending Balance		3,999
Ending balance: Individually evaluated for impairment		88
Ending balance: Collectively evaluated for impairment		3,911
Acquired Loans [Member] | Commercial Non-Real Estate [Member] | Loans [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Ending balance: Loans	118,260	830,211
Ending balance: Individually evaluated for impairment		1,998
Ending balance: Acquired-impaired loans	8,708	13,272
Ending balance: Collectively evaluated for impairment	109,552	814,941
Acquired Loans [Member] | Construction and Land Development [Member] | Allowance for Loan Losses [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Allowance for loan losses, Beginning Balance		10
Net provision for loan losses		108
Allowance for loan losses, Ending Balance		118
Ending balance: Individually evaluated for impairment		32
Ending balance: Collectively evaluated for impairment		86
Acquired Loans [Member] | Construction and Land Development [Member] | Loans [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Ending balance: Loans	14,579	134,443
Ending balance: Individually evaluated for impairment		721
Ending balance: Acquired-impaired loans	12,801	17,560
Ending balance: Collectively evaluated for impairment	1,778	116,162
Acquired Loans [Member] | Commercial Real Estate [Member] | Allowance for Loan Losses [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Allowance for loan losses, Beginning Balance	477	34
Net provision for loan losses	(223)	424
Allowance for loan losses, Ending Balance	254	458
Ending balance: Individually evaluated for impairment	254	282
Ending balance: Collectively evaluated for impairment		176
Acquired Loans [Member] | Commercial Real Estate [Member] | Loans [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Ending balance: Loans	629,975	907,170
Ending balance: Individually evaluated for impairment	2,579	2,281
Ending balance: Acquired-impaired loans	21,226	30,018
Ending balance: Collectively evaluated for impairment	606,170	874,871
Acquired Loans [Member] | Residential Mortgages [Member] | Allowance for Loan Losses [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Net provision for loan losses		496
Allowance for loan losses, Ending Balance		496
Ending balance: Collectively evaluated for impairment		496
Acquired Loans [Member] | Residential Mortgages [Member] | Loans [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Ending balance: Loans	2,485	293,111
Ending balance: Acquired-impaired loans	2,485	5,545
Ending balance: Collectively evaluated for impairment		287,566
Acquired Loans [Member] | Consumer [Member] | Allowance for Loan Losses [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Net provision for loan losses		188
Allowance for loan losses, Ending Balance		188
Ending balance: Collectively evaluated for impairment		188
Acquired Loans [Member] | Consumer [Member] | Loans [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Ending balance: Loans	25	107,501
Ending balance: Acquired-impaired loans	25	102
Ending balance: Collectively evaluated for impairment		107,399
FDIC Acquired Loans [Member] | Allowance for Loan Losses [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loans and Leases receivable, Allowance, Beginning Balance	30,584	53,094
Charge-offs	(3,004)	(4,010)
Recoveries	549	1,500
Net provision for loan losses	(70)	(302)
(Decrease) increase in FDIC loss share receivable	(421)	(6,853)
Loans and Leases receivable, Allowance, Ending Balance	27,638	43,429
Ending balance: Amounts related to acquired-impaired loans	27,638	43,429
FDIC Acquired Loans [Member] | Loans [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Ending balance: FDIC acquired loans	238,532	331,137
Ending balance: Acquired-impaired loans	238,532	331,137
FDIC Acquired Loans [Member] | Commercial Non-Real Estate [Member] | Allowance for Loan Losses [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loans and Leases receivable, Allowance, Beginning Balance	911	2,323
Charge-offs	(127)	(46)
Recoveries	14	445
Net provision for loan losses	(2)	(36)
(Decrease) increase in FDIC loss share receivable	(13)	(809)
Loans and Leases receivable, Allowance, Ending Balance	783	1,877
Ending balance: Amounts related to acquired-impaired loans	783	1,877
FDIC Acquired Loans [Member] | Commercial Non-Real Estate [Member] | Loans [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Ending balance: FDIC acquired loans	6,937	14,269
Ending balance: Acquired-impaired loans	6,937	14,269
FDIC Acquired Loans [Member] | Construction and Land Development [Member] | Allowance for Loan Losses [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loans and Leases receivable, Allowance, Beginning Balance	1,008	2,655
Charge-offs	(276)	(458)
Recoveries	406	857
Net provision for loan losses	(6)	(32)
(Decrease) increase in FDIC loss share receivable	(34)	(732)
Loans and Leases receivable, Allowance, Ending Balance	1,098	2,290
Ending balance: Amounts related to acquired-impaired loans	1,098	2,290
FDIC Acquired Loans [Member] | Construction and Land Development [Member] | Loans [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Ending balance: FDIC acquired loans	11,482	19,518
Ending balance: Acquired-impaired loans	11,482	19,518
FDIC Acquired Loans [Member] | Commercial Real Estate [Member] | Allowance for Loan Losses [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loans and Leases receivable, Allowance, Beginning Balance	4,061	10,929
Charge-offs	(2,368)	(3,117)
Recoveries	113	136
Net provision for loan losses	202	(22)
(Decrease) increase in FDIC loss share receivable	1,207	(507)
Loans and Leases receivable, Allowance, Ending Balance	3,215	7,419
Ending balance: Amounts related to acquired-impaired loans	3,215	7,419
FDIC Acquired Loans [Member] | Commercial Real Estate [Member] | Loans [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Ending balance: FDIC acquired loans	27,777	52,050
Ending balance: Acquired-impaired loans	27,777	52,050
FDIC Acquired Loans [Member] | Residential Mortgages [Member] | Allowance for Loan Losses [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loans and Leases receivable, Allowance, Beginning Balance	20,609	27,989
Charge-offs	(93)	(308)
Recoveries		6
Net provision for loan losses	(195)	(118)
(Decrease) increase in FDIC loss share receivable	(1,171)	(2,666)
Loans and Leases receivable, Allowance, Ending Balance	19,150	24,903
Ending balance: Amounts related to acquired-impaired loans	19,150	24,903
FDIC Acquired Loans [Member] | Residential Mortgages [Member] | Loans [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Ending balance: FDIC acquired loans	175,367	199,026
Ending balance: Acquired-impaired loans	175,367	199,026
FDIC Acquired Loans [Member] | Consumer [Member] | Allowance for Loan Losses [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loans and Leases receivable, Allowance, Beginning Balance	3,995	9,198
Charge-offs	(140)	(81)
Recoveries	16	56
Net provision for loan losses	(69)	(94)
(Decrease) increase in FDIC loss share receivable	(410)	(2,139)
Loans and Leases receivable, Allowance, Ending Balance	3,392	6,940
Ending balance: Amounts related to acquired-impaired loans	3,392	6,940
FDIC Acquired Loans [Member] | Consumer [Member] | Loans [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Ending balance: FDIC acquired loans	16,969	46,274
Ending balance: Acquired-impaired loans	$ 16,969	$ 46,274

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Earnings Per Share (Tables)

3 Months Ended

Mar. 31, 2015

Earnings Per Share [Abstract]

Computation of Earnings Per Common Share

A summary of the information used in the computation of earnings per common share follows:

	Three Months Ended March 31,
(in thousands, except per share data)	2015		2014
Numerator:
Net income to common shareholders	$	40,159	$	49,115
Net income allocated to participating securities - basic and diluted		935		1,081
Net income allocated to common shareholders - basic and diluted	$	39,224	$	48,034
Denominator:
Weighted-average common shares - basic		79,496		82,277
Dilutive potential common shares		165		257
Weighted-average common shares - diluted		79,661		82,534
Earnings per common share:
Basic	$	0.49	$	0.58
Diluted	$	0.49	$	0.58

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Stockholders' Equity (Tables)

3 Months Ended

Mar. 31, 2015

Equity [Abstract]

Components of Accumulated Other Comprehensive Income (Loss)

The components of AOCI and changes in those components are presented in the following table:

(in thousands)	Available for Sale Securities			HTM Securities Transferred from AFS			Employee Benefit Plans			Loss on Effective Cash Flow Hedges			Total
Balance, December 31, 2013	$	8,263		$	(21,189	)	$	(22,453	)	$	—		$	(35,379	)
Other comprehensive income before income taxes:
Net change in unrealized (loss) gain		4,514			—			—			—			4,514
Reclassification of net losses realized and included in earnings		—			—			53			—			53
Amortization of unrealized net loss on securities transferred to HTM		—			665			—			—			665
Income tax expense		1,598			225			19			—			1,842
Balance, March 31, 2014	$	11,179		$	(20,749	)	$	(22,419	)	$	—		$	(31,989	)
Balance, December 31, 2014	$	18,001		$	(19,074	)	$	(48,626	)	$	(375	)	$	(50,074	)
Other comprehensive income before income taxes:
Net change in unrealized gain		4,421			—			—			992			5,413
Reclassification of net losses realized and included in earnings		(165	)		—			770			—			605
Amortization of unrealized net loss on securities transferred to HTM		—			647			—			—			647
Income tax expense		1,481			238			280			361			2,360
Balance, March 31, 2015	$	20,776		$	(18,665	)	$	(48,136	)	$	256		$	(45,769	)

Summary of Line Item Affected by Amounts Reclassified from Accumulated Other Comprehensive Income

The following table shows the line item affected by amounts reclassified from accumulated other comprehensive income:

Amount reclassified from AOCI (in thousands)	Three Months Ended March 31,				Increase (decrease) in affected line item on the income statement
	2015		2014
Gain on sale of AFS securities	$	165	$	—	Securities gains (losses)
Tax effect		58		—	Income taxes
Net of tax		107		—	Net income
Amortization/accretion of unrealized net gain/(loss) on securities transferred to HTM	$	647	$	665	Interest income
Tax effect		238		225	Income taxes
Net of tax		409		440	Net income
Amortization of defined benefit pension and post-retirement items	$	770	$	53	(a) Employee benefits expense
Tax effect		280		19	Income taxes
Net of tax		490		34	Net income
Total reclassifications, net of tax	$	1,006	$	474	Net income

(a) These accumulated other comprehensive income components are included in the computation of net periodic pension and post-retirement cost that is reported with employee benefits expense (see Note 10 for additional details).

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Long-Term Debt - Additional Information (Detail) (USD $)	3 Months Ended		12 Months Ended	3 Months Ended	0 Months Ended
	Mar. 31, 2015	Jun. 30, 2012	Dec. 31, 2012	Jun. 30, 2015	Mar. 09, 2015
Debt Instrument [Line Items]
Subordinated notes payable maturity date		Apr. 30, 2017
Subordinated notes interest rate	5.875%
Qualified percentage of subordinated notes in regulatory capital	40.00%
Term note payable			$ 220,000,000
Additional borrowings			50,000,000
Reference rate for loan variable rate	LIBOR
Percentage points added to reference rate			1.875%
Debt instrument term loan facility maturity date	December 21, 2015
Principal payment of term loan			8,800,000
Other long term debt maturity date, starting period	2015
Other long term debt maturity date, ending period	2052
Expected compliance period	7 years
Scenario, Forecast [Member]
Debt Instrument [Line Items]
Percentage of potential amount of reduction from capital				20.00%
Subordinated Debt [Member] | Subordinated Notes Payable Maturing June 2045 [Member]
Debt Instrument [Line Items]
Sale of aggregate principal amount of subordinated notes	150,000,000				$ 150,000,000
Subordinated notes payable maturity date	Jun. 15, 2045
Subordinated notes interest rate					5.95%

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Loans and Allowance for Loan Losses - Summary of Composition of Non-Accrual Loans by Portfolio Segment (Detail) (USD $) In Thousands, unless otherwise specified	Mar. 31, 2015	Dec. 31, 2014
Nonaccrual Loans By Portfolio [Line Items]
Non-accrual loans	$ 90,821	$ 79,537
Commercial Non-Real Estate [Member]
Nonaccrual Loans By Portfolio [Line Items]
Non-accrual loans	25,614	15,511
Construction and Land Development [Member]
Nonaccrual Loans By Portfolio [Line Items]
Non-accrual loans	6,411	7,565
Commercial Real Estate [Member]
Nonaccrual Loans By Portfolio [Line Items]
Non-accrual loans	30,921	28,619
Residential Mortgages [Member]
Nonaccrual Loans By Portfolio [Line Items]
Non-accrual loans	22,383	22,094
Consumer [Member]
Nonaccrual Loans By Portfolio [Line Items]
Non-accrual loans	5,492	5,748
Originated Loans [Member]
Nonaccrual Loans By Portfolio [Line Items]
Non-accrual loans	83,412	71,296
Originated Loans [Member] | Commercial Non-Real Estate [Member]
Nonaccrual Loans By Portfolio [Line Items]
Non-accrual loans	25,614	15,511
Originated Loans [Member] | Construction and Land Development [Member]
Nonaccrual Loans By Portfolio [Line Items]
Non-accrual loans	5,255	6,462
Originated Loans [Member] | Commercial Real Estate [Member]
Nonaccrual Loans By Portfolio [Line Items]
Non-accrual loans	24,668	22,047
Originated Loans [Member] | Residential Mortgages [Member]
Nonaccrual Loans By Portfolio [Line Items]
Non-accrual loans	22,383	21,702
Originated Loans [Member] | Consumer [Member]
Nonaccrual Loans By Portfolio [Line Items]
Non-accrual loans	5,492	5,574
Acquired Loans [Member]
Nonaccrual Loans By Portfolio [Line Items]
Non-accrual loans	5,820	6,139
Acquired Loans [Member] | Commercial Real Estate [Member]
Nonaccrual Loans By Portfolio [Line Items]
Non-accrual loans	5,820	6,139
FDIC Acquired Loans [Member]
Nonaccrual Loans By Portfolio [Line Items]
Non-accrual loans	1,589	2,102
FDIC Acquired Loans [Member] | Construction and Land Development [Member]
Nonaccrual Loans By Portfolio [Line Items]
Non-accrual loans	1,156	1,103
FDIC Acquired Loans [Member] | Commercial Real Estate [Member]
Nonaccrual Loans By Portfolio [Line Items]
Non-accrual loans	433	433
FDIC Acquired Loans [Member] | Residential Mortgages [Member]
Nonaccrual Loans By Portfolio [Line Items]
Non-accrual loans		392
FDIC Acquired Loans [Member] | Consumer [Member]
Nonaccrual Loans By Portfolio [Line Items]
Non-accrual loans		$ 174

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Share-Based Payment Arrangements (Tables)

3 Months Ended

Mar. 31, 2015

Disclosure of Compensation Related Costs, Share-based Payments [Abstract]

Schedule of Option Activity Under Stock Option Plans

A summary of option activity for the three months ended March 31, 2015 is presented below:

Options	Number of Shares			Weighted Average Exercise Price		Weighted Average Remaining Contractual Term (Years)		Aggregate Intrinsic Value ($000)
Outstanding at January 1, 2015		933,750		$	37.03
Exercised		—			—
Cancelled/Forfeited		(11,473	)		36.79
Expired		(75,480	)		31.20
Outstanding at March 31, 2015		846,797		$	37.55		4.4	$	15
Exercisable at March 31, 2015		691,344		$	39.20		3.8	$	6

Schedule of Nonvested Restricted and Performance Shares

A summary of the status of the Company’s nonvested restricted and performance shares as of March 31, 2015 and changes during the three months ended March 31, 2015, is presented below. These restricted and performance shares are subject to service requirements.

	Number of Shares			Weighted Average Grant Date Fair Value
Nonvested at January 1, 2015		2,040,299		$	32.27
Granted		79,410			26.70
Vested		(19,136	)		36.15
Forfeited		(63,796	)		33.51
Nonvested at March 31, 2015		2,036,777		$	31.98

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Retirement Plans (Tables)

3 Months Ended

Mar. 31, 2015

Compensation and Retirement Disclosure [Abstract]

Components of Net Periodic Benefits Cost

The following table shows the components of net periodic benefits cost included in expense for the plans for the periods indicated:

	Three Months Ended March 31,
(in thousands)	2015			2014			2015		2014
	Pension benefits						Other Post- retirement Benefits
Service cost	$	3,363		$	3,425		$	50	$	37
Interest cost		4,619			4,809			369		338
Expected return on plan assets		(8,213	)		(8,061	)		—		—
Amortization of net loss		644			8			125		157
Net periodic benefit cost	$	413		$	181		$	544	$	532

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Consolidated Statements of Cash Flows (Unaudited) (USD $) In Thousands, unless otherwise specified	3 Months Ended
	Mar. 31, 2015	Mar. 31, 2014
CASH FLOWS FROM OPERATING ACTIVITIES:
Net income	$ 40,159	$ 49,115
Adjustments to reconcile net income to net cash provided by operating activities:
Depreciation and amortization	7,218	7,899
Provision for loan losses	6,154	7,963
(Gain) loss on other real estate owned	(248)	1,388
Deferred tax expense	9,252	13,182
Increase in cash surrender value of life insurance contracts	(2,596)	(2,282)
Gain on disposal of other assets	(7)	(1,682)
Net decrease in loans held for sale	356	9,264
Net amortization of securities premium/discount	4,223	4,236
Amortization of intangible assets	6,318	7,038
Amortization of FDIC indemnification asset	1,197	3,908
Stock-based compensation expense	3,071	3,832
Decrease in interest payable and other liabilities	(8,577)	(7,814)
Net payments from FDIC for loss share claims	7,580
Increase in FDIC loss share receivable	(1,188)	(1,414)
(Increase) decrease in other assets	(6,657)	6,545
Other, net	(949)	1,947
Net cash provided by operating activities	65,306	103,125
CASH FLOWS FROM INVESTING ACTIVITIES:
Proceeds from sales of securities	9,221	1,301
Proceeds from maturities of securities available for sale	468,358	76,221
Purchases of securities available for sale	(638,861)	(24,703)
Proceeds from maturities of securities held to maturity	88,381	183,363
Purchases of securities held to maturity	(207,849)
Net decrease (increase) in interest-bearing bank deposits	286,551	(12,086)
Net decrease in federal funds sold and short-term investments	600	553
Net increase in loans	(36,137)	(217,289)
Purchases of property and equipment	(8,609)	(6,111)
Proceeds from sales of property and equipment		6,562
Proceeds from sales of other real estate	21,969	11,348
Other, net	(4,582)	758
Net cash (used in) provided by investing activities	(20,958)	19,917
CASH FLOWS FROM FINANCING ACTIVITIES:
Net increase (decrease) in deposits	287,654	(85,742)
Net (decrease) increase in short-term borrowings	(396,323)	54,674
Repayments of long-term debt	(8,800)	(8,955)
Net proceeds from issuance of long-term debt	145,196	3,130
Dividends paid	(19,524)	(20,219)
Purchase of common stock under stock buyback program	(75,270)
Proceeds from exercise of stock options		654
Net cash used in financing activities	(67,067)	(56,458)
NET (DECREASE) INCREASE IN CASH AND DUE FROM BANKS	(22,719)	66,584
CASH AND DUE FROM BANKS, BEGINNING	356,455	348,440
CASH AND DUE FROM BANKS, ENDING	333,736	415,024
SUPPLEMENTAL INFORMATION FOR NON-CASH INVESTING AND FINANCING ACTIVITIES
Assets acquired in settlement of loans	$ 4,161	$ 6,337

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Other Noninterest Income (Tables)

3 Months Ended

Mar. 31, 2015

Equity [Abstract]

Components of Other Noninterest Income

Components of other noninterest income are as follows:

	Three Months Ended March 31,
(in thousands)	2015			2014
Income from bank owned life insurance	$	2,666		$	2,314
Credit related fees		2,457			2,732
(Loss) income from derivatives		(52	)		759
Net gain on sale of assets		7			1,682
Safety deposit box income		486			513
Other miscellaneous		2,680			2,427
Total other noninterest income	$	8,244		$	10,427

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Securities - Additional Information (Detail) (USD $) In Billions, unless otherwise specified	Mar. 31, 2015	Dec. 31, 2014
Amortized Cost and Fair Value Debt Securities [Abstract]
Securities pledged to secure public deposits and securities sold under agreements to repurchase	$ 3.0	$ 3.2

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Loans and Allowance for Loan Losses - Changes in Carrying Amount of Acquired Loans and Accretable Yield for Loans Receivable (Detail) (USD $) In Thousands, unless otherwise specified	3 Months Ended	12 Months Ended
	Mar. 31, 2015	Dec. 31, 2014
FDIC Acquired Loans [Member]
Financing Receivable, Impaired [Line Items]
Carrying Amount of Loans, Balance at beginning of period	$ 252,409	$ 358,666
Carrying Amount of Loans, Payments received, net	(17,483)	(125,388)
Carrying Amount of Loans, Accretion	3,606	19,131
Carrying Amount of Loans, Balance at end of period	238,532	252,409
Accretable Yield, Balance at beginning of period	112,788	122,715
Accretable Yield, Payments received, net	(371)	(1,071)
Accretable Yield, Accretion	(3,606)	(19,131)
Accretable Yield,(Decrease) Increase in expected cash flows based on actual cash flows and changes in cash flow assumptions	(1,389)	(1,137)
Net transfers from nonaccretable difference to accretable yield	150	11,412
Accretable Yield, Balance at end of period	107,572	112,788
Acquired Loans [Member]
Financing Receivable, Impaired [Line Items]
Carrying Amount of Loans, Balance at beginning of period	61,276	68,075
Carrying Amount of Loans, Payments received, net	(21,396)	(50,178)
Carrying Amount of Loans, Accretion	5,365	43,379
Carrying Amount of Loans, Balance at end of period	45,245	61,276
Accretable Yield, Balance at beginning of period	74,668	131,370
Accretable Yield, Payments received, net	(9,036)	(32,855)
Accretable Yield, Accretion	(5,365)	(43,379)
Accretable Yield,(Decrease) Increase in expected cash flows based on actual cash flows and changes in cash flow assumptions	87	(203)
Net transfers from nonaccretable difference to accretable yield	(2,265)	19,735
Accretable Yield, Balance at end of period	$ 58,089	$ 74,668

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Retirement Plans - Components of Net Periodic Benefits Cost (Detail) (USD $) In Thousands, unless otherwise specified	3 Months Ended
	Mar. 31, 2015	Mar. 31, 2014
Pension Benefits [Member]
Defined Benefit Plan Net Periodic Benefit Cost [Line Items]
Service cost	$ 3,363	$ 3,425
Interest cost	4,619	4,809
Expected return on plan assets	(8,213)	(8,061)
Amortization of net loss	644	8
Net periodic benefit cost	413	181
Other Post-retirement Benefits [Member]
Defined Benefit Plan Net Periodic Benefit Cost [Line Items]
Service cost	50	37
Interest cost	369	338
Amortization of net loss	125	157
Net periodic benefit cost	$ 544	$ 532

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Consolidated Balance Sheets (USD $) In Thousands, unless otherwise specified	Mar. 31, 2015	Dec. 31, 2014
ASSETS
Cash and due from banks	$ 333,736	$ 356,455
Interest-bearing bank deposits	515,025	801,576
Federal funds sold	772	1,372
Securities available for sale, at fair value (amortized cost of $1,792,947 and $1,631,761)	1,825,608	1,660,165
Securities held to maturity (fair value of $2,316,118 and $2,186,340)	2,282,296	2,166,289
Loans held for sale	19,950	20,252
Loans	13,924,386	13,895,276
Less: allowance for loan losses	(128,386)	(128,762)
Loans, net	13,796,000	13,766,514
Property and equipment, net of accumulated depreciation of $200,424 and $193,527	399,762	398,384
Prepaid expenses	28,221	28,277
Other real estate, net	41,701	58,415
Accrued interest receivable	48,473	47,501
Goodwill	621,193	621,193
Other intangible assets, net	125,404	132,810
Life insurance contracts	429,412	426,617
FDIC loss share receivable	49,897	60,272
Deferred tax asset, net	69,495	74,335
Other assets	137,566	126,839
Total assets	20,724,511	20,747,266
Deposits:
Noninterest-bearing	6,201,403	5,945,208
Interest-bearing	10,659,082	10,627,623
Total deposits	16,860,485	16,572,831
Short-term borrowings	755,250	1,151,573
Long-term debt	516,007	374,371
Accrued interest payable	6,609	4,204
Other liabilities	161,062	171,885
Total liabilities	18,299,413	18,274,864
Stockholders' equity
Common stock - $3.33 par value per share; 350,000,000 shares authorized, 77,886,120 and 80,426,485 shares outstanding	259,361	267,820
Capital surplus	1,701,377	1,689,291
Treasury shares at cost - 8,917,814 and 7,053,028, respectively	(234,002)	(158,131)
Retained earnings	744,131	723,496
Accumulated other comprehensive (loss), net	(45,769)	(50,074)
Total stockholders' equity	2,425,098	2,472,402
Total liabilities and stockholders' equity	$ 20,724,511	$ 20,747,266

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Loans and Allowance for Loan Losses - Additional Information (Detail) (USD $)	3 Months Ended	12 Months Ended
	Mar. 31, 2015	Dec. 31, 2014
Non Accrual Loans Segregated By Class Of Loans [Line Items]
Interest that would have been recorded on nonaccrual loans	$ 800,000
Interest recorded on nonaccrual loans	300,000
Nonaccrual loans	90,821,000	79,537,000
Troubled debt restructuring both accruing and nonaccruing	12,500,000	16,000,000
Minimum bank portfolio loan need to be reviewed	1,000,000
Real estate acquired through foreclosure	41,701,000	58,415,000
Consumer [Member]
Non Accrual Loans Segregated By Class Of Loans [Line Items]
Nonaccrual loans	5,492,000	5,748,000
Mortgage loan in process of foreclosure	10,100,000	13,700,000
Real estate acquired through foreclosure	12,400,000	12,700,000
Performing [Member]
Non Accrual Loans Segregated By Class Of Loans [Line Items]
Period for which payments of principal and interest are past due	Less than 90 days
Troubled Debt Restructurings [Member]
Non Accrual Loans Segregated By Class Of Loans [Line Items]
Nonaccrual loans	5,000,000	7,000,000
FDIC Acquired Loans [Member]
Non Accrual Loans Segregated By Class Of Loans [Line Items]
Nonaccrual loans	1,589,000	2,102,000
FDIC Acquired Loans [Member] | Consumer [Member]
Non Accrual Loans Segregated By Class Of Loans [Line Items]
Nonaccrual loans		174,000
Mortgage loan in process of foreclosure	6,000,000	8,100,000
Real estate acquired through foreclosure	$ 7,100,000	$ 8,200,000

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Consolidated Statements of Changes in Stockholders' Equity (Unaudited) (USD $) In Thousands, except Share data	Total	Common Stock [Member]	Capital Surplus [Member]	Retained Earnings [Member]	Accumulated Other Comprehensive Income (Loss), net [Member]	Treasury Stock [Member]
Balance at Dec. 31, 2013	$ 2,425,069	$ 273,850	$ 1,647,467	$ 628,166	$ (35,379)	$ (89,035)
Balance, Shares at Dec. 31, 2013		82,237,162
Net income	49,115			49,115
Other comprehensive income	3,390				3,390
Comprehensive income	52,505			49,115	3,390
Cash dividends declared ($0.24 per common share)	(20,219)			(20,219)
Common stock activity, long-term incentive plan	5,179	149	4,294			736
Common stock activity, long-term incentive plan, shares		44,895
Balance at Mar. 31, 2014	2,462,534	273,999	1,651,761	657,062	(31,989)	(88,299)
Balance, Shares at Mar. 31, 2014		82,282,057
Balance at Dec. 31, 2014	2,472,402	267,820	1,689,291	723,496	(50,074)	(158,131)
Balance, Shares at Dec. 31, 2014		80,426,485
Net income	40,159			40,159
Other comprehensive income	4,305				4,305
Comprehensive income	44,464			40,159	4,305
Cash dividends declared ($0.24 per common share)	(19,524)			(19,524)
Common stock activity, long-term incentive plan	3,026	78	12,086			(9,138)
Common stock activity, long-term incentive plan, shares		23,242
Purchase of common stock under stock buyback program	(75,270)	(8,537)				(66,733)
Purchase of common stock under stock buyback program, shares		(2,563,607)
Balance at Mar. 31, 2015	$ 2,425,098	$ 259,361	$ 1,701,377	$ 744,131	$ (45,769)	$ (234,002)
Balance, Shares at Mar. 31, 2015		77,886,120

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Fair Value - Schedule of Financial Assets Measured at Fair Value on Nonrecurring Basis (Detail) (USD $) In Thousands, unless otherwise specified	Mar. 31, 2015	Dec. 31, 2014
Fair Value Of Assets And Liabilities Measured On Non Recurring Basis [Line Items]
Collateral-dependent impaired loans	$ 33,818	$ 30,204
Other real estate owned	18,414	29,715
Total nonrecurring fair value measurements	52,232	59,919
Level 2 [Member]
Fair Value Of Assets And Liabilities Measured On Non Recurring Basis [Line Items]
Collateral-dependent impaired loans	33,818	30,204
Total nonrecurring fair value measurements	33,818	30,204
Level 3 [Member]
Fair Value Of Assets And Liabilities Measured On Non Recurring Basis [Line Items]
Other real estate owned	18,414	29,715
Total nonrecurring fair value measurements	$ 18,414	$ 29,715

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Securities - Amortized Cost and Fair Value of Held to Maturity Securities (Detail) (USD $) In Thousands, unless otherwise specified	Mar. 31, 2015	Dec. 31, 2014
Schedule of Held-to-maturity Securities [Line Items]
Securities Held to Maturity, Amortized Cost	$ 2,282,296	$ 2,166,289
Securities Held to Maturity, Gross Unrealized Gains	40,606	32,903
Securities Held to Maturity, Gross Unrealized Losses	6,784	12,852
Securities Held to Maturity, Fair Value	2,316,118	2,186,340
U.S. Treasury and Government Agency Securities [Member]
Schedule of Held-to-maturity Securities [Line Items]
Securities Held to Maturity, Amortized Cost	200,000
Securities Held to Maturity, Gross Unrealized Gains	99
Securities Held to Maturity, Gross Unrealized Losses	149
Securities Held to Maturity, Fair Value	199,950
Municipal Obligations [Member]
Schedule of Held-to-maturity Securities [Line Items]
Securities Held to Maturity, Amortized Cost	183,206	180,615
Securities Held to Maturity, Gross Unrealized Gains	4,003	3,416
Securities Held to Maturity, Gross Unrealized Losses	634	1,144
Securities Held to Maturity, Fair Value	186,575	182,887
Mortgage-Backed Securities [Member]
Schedule of Held-to-maturity Securities [Line Items]
Securities Held to Maturity, Amortized Cost	873,729	899,923
Securities Held to Maturity, Gross Unrealized Gains	28,061	23,897
Securities Held to Maturity, Gross Unrealized Losses		162
Securities Held to Maturity, Fair Value	901,790	923,658
Collateralized Mortgage Obligations [Member]
Schedule of Held-to-maturity Securities [Line Items]
Securities Held to Maturity, Amortized Cost	1,025,361	1,085,751
Securities Held to Maturity, Gross Unrealized Gains	8,443	5,590
Securities Held to Maturity, Gross Unrealized Losses	6,001	11,546
Securities Held to Maturity, Fair Value	$ 1,027,803	$ 1,079,795

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Stockholders' Equity - Components of Accumulated Other Comprehensive Income (Loss) (Detail) (USD $) In Thousands, unless otherwise specified	3 Months Ended
	Mar. 31, 2015	Mar. 31, 2014
Accumulated Other Comprehensive Income (Loss) [Line Items]
Accumulated other comprehensive income (loss), Beginning balance	$ (50,074)	$ (35,379)
Net change in unrealized (loss) gain	5,413	4,514
Reclassification of net losses realized and included in earnings	605	53
Amortization of unrealized net loss on securities transferred to HTM	647	665
Income tax expense	2,360	1,842
Accumulated other comprehensive income (loss), Ending balance	(45,769)	(31,989)
Available for Sale Securities [Member]
Accumulated Other Comprehensive Income (Loss) [Line Items]
Accumulated other comprehensive income (loss), Beginning balance	18,001	8,263
Net change in unrealized (loss) gain	4,421	4,514
Reclassification of net losses realized and included in earnings	(165)
Income tax expense	1,481	1,598
Accumulated other comprehensive income (loss), Ending balance	20,776	11,179
Held to Maturity Securities Transferred from AFS [Member]
Accumulated Other Comprehensive Income (Loss) [Line Items]
Accumulated other comprehensive income (loss), Beginning balance	(19,074)	(21,189)
Amortization of unrealized net loss on securities transferred to HTM	647	665
Income tax expense	238	225
Accumulated other comprehensive income (loss), Ending balance	(18,665)	(20,749)
Employee Benefit Plans [Member]
Accumulated Other Comprehensive Income (Loss) [Line Items]
Accumulated other comprehensive income (loss), Beginning balance	(48,626)	(22,453)
Reclassification of net losses realized and included in earnings	770	53
Income tax expense	280	19
Accumulated other comprehensive income (loss), Ending balance	(48,136)	(22,419)
Loss on Effective Cash Flow Hedges [Member]
Accumulated Other Comprehensive Income (Loss) [Line Items]
Accumulated other comprehensive income (loss), Beginning balance	(375)
Net change in unrealized (loss) gain	992
Income tax expense	361
Accumulated other comprehensive income (loss), Ending balance	$ 256

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Basis of Presentation (Policies)

3 Months Ended

Mar. 31, 2015

Accounting Policies [Abstract]

Basis of Presentation

1. Basis of Presentation

The consolidated financial statements include the accounts of Hancock Holding Company and all other entities in which it has a controlling interest (the “Company”). The financial statements include all adjustments that are, in the opinion of management, necessary to present fairly the Company’s financial condition, results of operations, changes in stockholders’ equity and cash flows for the interim periods presented. Some financial information and disclosures normally included in financial statements prepared in accordance with accounting principles generally accepted in the U.S. (“GAAP”) have been condensed or omitted in this Form 10-Q pursuant to Securities and Exchange Commission rules and regulations. These financial statements should be read in conjunction with the audited consolidated financial statements and the notes thereto included in the Company’s Annual Report on Form 10-K for the year ended December 31, 2014. Financial information reported in these financial statements is not necessarily indicative of the Company’s financial condition, results of operations, or cash flows for any other interim or annual period.

Use of Estimates

Use of Estimates

The accounting principles the Company follows and the methods for applying these principles conform with GAAP and with those generally practiced within the banking industry. These accounting principles require management to make estimates and assumptions about future events that affect the amounts reported in the consolidated financial statements and the accompanying notes. Actual results could differ from those estimates.

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Securities - Amortized Cost and Fair Value of Available for Sale Securities by Final Contractual Maturity (Detail) (USD $) In Thousands, unless otherwise specified	Mar. 31, 2015
Amortized Cost And Estimated Fair Value Of Debt Securities By Contractual Maturity [Abstract]
Securities Available for Sale, Due in one year or less, Amortized Cost	$ 105,262
Securities Available for Sale, Due after one year through five years, Amortized Cost	136,962
Securities Available for Sale, Due after five years through ten years, Amortized Cost	232,151
Securities Available for Sale, Due after ten years, Amortized Cost	1,316,060
Total available for sale securities, Amortized Cost	1,790,435
Securities Available for Sale, Due in one year or less, Fair Value	104,516
Securities Available for Sale, Due after one year through five years, Fair Value	138,138
Securities Available for Sale, Due after five years through ten years, Fair Value	240,235
Securities Available for Sale, Due after ten years, Fair Value	1,339,893
Total available for sale securities, Fair Value	$ 1,822,782

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Loans and Allowance for Loan Losses (Tables)

3 Months Ended

Mar. 31, 2015

Loans, Net of Unearned Income

Loans, net of unearned income, consisted of the following:

(in thousands)	March 31, 2015		December 31, 2014
Originated loans:
Commercial non-real estate	$	5,861,887	$	5,917,728
Construction and land development		1,087,449		1,073,964
Commercial real estate		2,492,351		2,428,195
Residential mortgages		1,736,033		1,704,770
Consumer		1,742,810		1,685,542
Total originated loans	$	12,920,530	$	12,810,199
Acquired loans:
Commercial non-real estate	$	118,260	$	120,137
Construction and land development		14,579		21,123
Commercial real estate		629,975		688,045
Residential mortgages		2,485		2,378
Consumer		25		985
Total acquired loans	$	765,324	$	832,668
FDIC acquired loans:
Commercial non-real estate	$	6,937	$	6,195
Construction and land development		11,482		11,674
Commercial real estate		27,777		27,808
Residential mortgages		175,367		187,033
Consumer		16,969		19,699
Total FDIC acquired loans	$	238,532	$	252,409
Total loans:
Commercial non-real estate	$	5,987,084	$	6,044,060
Construction and land development		1,113,510		1,106,761
Commercial real estate		3,150,103		3,144,048
Residential mortgages		1,913,885		1,894,181
Consumer		1,759,804		1,706,226
Total loans	$	13,924,386	$	13,895,276

Schedule of Activity in Loss Share Receivable

The following schedule shows activity in the loss share receivable for the three months ended March 31, 2015 and 2014:

	Three Months Ended
(in thousands)	March 31, 2015			March 31, 2014
Balance, January 1	$	60,272		$	113,834
Amortization		(1,197	)		(3,908	)
Charge-offs, write-downs and other recoveries		(1,475	)		(452	)
External expenses qualifying under loss share agreement		298			1,848
Changes due to changes in cash flow projections		(421	)		(6,853	)
Net payments from FDIC		(7,580	)		—
Ending balance	$	49,897		$	104,469

Allowance for Loan Losses by Portfolio Segment and Related Recorded Investment in Loans

The following schedule shows activity in the allowance for loan losses by portfolio segment for the three months ended March 31, 2015 and 2014 as well as the corresponding recorded investment in loans at the end of each period.

(in thousands)	Commercial non-real estate			Construction and land development			Commercial real estate			Residential mortgages			Consumer			Total
	Three Months Ended March 31, 2015
Originated loans
Allowance for loan losses:
Beginning balance	$	50,258		$	5,413		$	16,544		$	8,051		$	17,435		$	97,701
Charge-offs		(1,697	)		(747	)		(251	)		(1,209	)		(3,556	)		(7,460	)
Recoveries		981			1,243			(3	)		305			1,280			3,806
Net provision for loan losses		6,754			(1,500	)		(966	)		738			1,421			6,447
Ending balance	$	56,296		$	4,409		$	15,324		$	7,885		$	16,580		$	100,494
Ending balance:
Individually evaluated for impairment	$	529		$	71		$	147		$	88		$	3		$	838
Collectively evaluated for impairment		55,767			4,338			15,177			7,797			16,577			99,656
Loans:
Ending balance:	$	5,861,887		$	1,087,449		$	2,492,351		$	1,736,033		$	1,742,810		$	12,920,530
Individually evaluated for impairment		14,566			4,381			17,210			2,423			120			38,700
Collectively evaluated for impairment		5,847,321			1,083,068			2,475,141			1,733,610			1,742,690			12,881,830
Acquired loans
Allowance for loan losses:
Beginning balance	$	—		$	—		$	477		$	—		$	—		$	477
Charge-offs		—			—			—			—			—			—
Recoveries		—			—			—			—			—			—
Net provision for loan losses		—			—			(223	)		—			—			(223	)
Ending balance	$	—		$	—		$	254		$	—		$	—		$	254
Ending balance:
Individually evaluated for impairment	$	—		$	—		$	254		$	—		$	—		$	254
Amounts related to acquired-impaired loans		—			—			—			—			—			—
Collectively evaluated for impairment		—			—			—			—			—			—
Loans:
Ending balance:	$	118,260		$	14,579		$	629,975		$	2,485		$	25		$	765,324
Individually evaluated for impairment		—			—			2,579			—			—			2,579
Acquired-impaired loans		8,708			12,801			21,226			2,485			25			45,245
Collectively evaluated for impairment		109,552			1,778			606,170			—			—			717,500

(in thousands)	Commercial non-real estate			Construction and land development			Commercial real estate			Residential mortgages			Consumer			Total
	Three Months Ended March 31, 2015
FDIC acquired loans
Allowance for loan losses:
Beginning balance	$	911		$	1,008		$	4,061		$	20,609		$	3,995		$	30,584
Charge-offs		(127	)		(276	)		(2,368	)		(93	)		(140	)		(3,004	)
Recoveries		14			406			113			—			16			549
Net provision for loan losses		(2	)		(6	)		202			(195	)		(69	)		(70	)
(Decrease) increase in FDIC loss share receivable		(13	)		(34	)		1,207			(1,171	)		(410	)		(421	)
Ending balance	$	783		$	1,098		$	3,215		$	19,150		$	3,392		$	27,638
Ending balance:
Individually evaluated for impairment	$	—		$	—		$	—		$	—		$	—		$	—
Amounts related to acquired-impaired loans		783			1,098			3,215			19,150			3,392			27,638
Collectively evaluated for impairment		—			—			—			—			—			—
Loans:
Ending balance:	$	6,937		$	11,482		$	27,777		$	175,367		$	16,969		$	238,532
Individually evaluated for impairment		—			—			—			—			—			—
Acquired-impaired loans		6,937			11,482			27,777			175,367			16,969			238,532
Collectively evaluated for impairment		—			—			—			—			—			—
Total loans
Allowance for loan losses:
Beginning balance	$	51,169		$	6,421		$	21,082		$	28,660		$	21,430		$	128,762
Charge-offs		(1,824	)		(1,023	)		(2,619	)		(1,302	)		(3,696	)		(10,464	)
Recoveries		995			1,649			110			305			1,296			4,355
Net provision for loan losses		6,752			(1,506	)		(987	)		543			1,352			6,154
(Decrease) increase in FDIC loss share receivable		(13	)		(34	)		1,207			(1,171	)		(410	)		(421	)
Ending balance	$	57,079		$	5,507		$	18,793		$	27,035		$	19,972		$	128,386
Ending balance:
Individually evaluated for impairment	$	529		$	71		$	401		$	88		$	3		$	1,092
Amounts related to acquired-impaired loans		783			1,098			3,215			19,150			3,392			27,638
Collectively evaluated for impairment		55,767			4,338			15,177			7,797			16,577			99,656
Loans:
Ending balance:	$	5,987,084		$	1,113,510		$	3,150,103		$	1,913,885		$	1,759,804		$	13,924,386
Individually evaluated for impairment		14,566			4,381			19,789			2,423			120			41,279
Acquired-impaired loans		15,645			24,283			49,003			177,852			16,994			283,777
Collectively evaluated for impairment		5,956,873			1,084,846			3,081,311			1,733,610			1,742,690			13,599,330

(in thousands)	Commercial non-real estate			Construction and land development			Commercial real estate			Residential mortgages			Consumer			Total
	Three Months Ended March 31, 2014
Originated loans
Allowance for loan losses:
Beginning balance	$	33,091		$	6,180		$	20,649		$	6,892		$	12,073		$	78,885
Charge-offs		(2,386	)		(91	)		(723	)		(241	)		(4,041	)		(7,482	)
Recoveries		826			651			331			94			1,602			3,504
Net provision for loan losses		2,202			(739	)		716			(153	)		2,627			4,653
Ending balance	$	33,733		$	6,001		$	20,973		$	6,592		$	12,261		$	79,560
Ending balance:
Individually evaluated for impairment	$	1,457		$	508		$	189		$	196		$	—		$	2,350
Collectively evaluated for impairment		32,276			5,493			20,784			6,396			12,261			77,210
Loans:
Ending balance:	$	4,353,549		$	824,837		$	2,110,096		$	1,228,170		$	1,407,712		$	9,924,364
Individually evaluated for impairment		9,109			11,064			12,418			2,549			—			35,140
Collectively evaluated for impairment		4,344,440			813,773			2,097,678			1,225,621			1,407,712			9,889,224
Acquired loans
Allowance for loan losses:
Beginning balance	$	1,603		$	10		$	34		$	—		$	—		$	1,647
Charge-offs		—			—			—			—			—			—
Recoveries		—			—			—			—			—			—
Net provision for loan losses		2,396			108			424			496			188			3,612
Ending balance	$	3,999		$	118		$	458		$	496		$	188		$	5,259
Ending balance:
Individually evaluated for impairment	$	88		$	32		$	282		$	—		$	—		$	402
Amounts related to acquired-impaired loans		—			—			—			—			—			—
Collectively evaluated for impairment		3,911			86			176			496			188			4,857
Loans:
Ending balance:	$	830,211		$	134,443		$	907,170		$	293,111		$	107,501		$	2,272,436
Individually evaluated for impairment		1,998			721			2,281			—			—			5,000
Acquired-impaired loans		13,272			17,560			30,018			5,545			102			66,497
Collectively evaluated for impairment		814,941			116,162			874,871			287,566			107,399			2,200,939

(in thousands)	Commercial non-real estate			Construction and land development			Commercial real estate			Residential mortgages			Consumer			Total
	Three Months Ended March 31, 2014
FDIC acquired loans
Allowance for loan losses:
Beginning balance	$	2,323		$	2,655		$	10,929		$	27,989		$	9,198		$	53,094
Charge-offs		(46	)		(458	)		(3,117	)		(308	)		(81	)		(4,010	)
Recoveries		445			857			136			6			56			1,500
Net provision for loan losses		(36	)		(32	)		(22	)		(118	)		(94	)		(302	)
Decrease in FDIC loss share receivable		(809	)		(732	)		(507	)		(2,666	)		(2,139	)		(6,853	)
Ending balance	$	1,877		$	2,290		$	7,419		$	24,903		$	6,940		$	43,429
Ending balance:
Individually evaluated for impairment	$	—		$	—		$	—		$	—		$	—		$	—
Amounts related to acquired-impaired loans		1,877			2,290			7,419			24,903			6,940			43,429
Collectively evaluated for impairment		—			—			—			—			—			—
Loans:
Ending balance:	$	14,269		$	19,518		$	52,050		$	199,026		$	46,274		$	331,137
Individually evaluated for impairment		—			—			—			—			—			—
Acquired-impaired loans		14,269			19,518			52,050			199,026			46,274			331,137
Collectively evaluated for impairment		—			—			—			—			—			—
Total loans
Allowance for loan losses:
Beginning balance	$	37,017		$	8,845		$	31,612		$	34,881		$	21,271		$	133,626
Charge-offs		(2,432	)		(549	)		(3,840	)		(549	)		(4,122	)		(11,492	)
Recoveries		1,271			1,508			467			100			1,658			5,004
Net provision for loan losses		4,562			(663	)		1,118			225			2,721			7,963
Decrease in FDIC loss share receivable		(809	)		(732	)		(507	)		(2,666	)		(2,139	)		(6,853	)
Ending balance	$	39,609		$	8,409		$	28,850		$	31,991		$	19,389		$	128,248
Ending balance:
Individually evaluated for impairment	$	1,545		$	540		$	471		$	196		$	—		$	2,752
Amounts related to acquired-impaired loans		1,877			2,290			7,419			24,903			6,940			43,429
Collectively evaluated for impairment		36,187			5,579			20,960			6,892			12,449			82,067
Loans:
Ending balance:	$	5,198,029		$	978,798		$	3,069,316		$	1,720,307		$	1,561,487		$	12,527,937
Individually evaluated for impairment		11,107			11,785			14,699			2,549			—			40,140
Acquired-impaired loans		27,541			37,078			82,068			204,571			46,376			397,634
Collectively evaluated for impairment		5,159,381			929,935			2,972,549			1,513,187			1,515,111			12,090,163

Summary of Composition of Non-Accrual Loans by Portfolio Segment

The following table shows the composition of nonaccrual loans by portfolio segment and class. Acquired-impaired and certain FDIC acquired loans are considered to be performing due to the application of the accretion method and are excluded from the table. FDIC acquired loans accounted for using the cost recovery method do not have an accretable yield and are included below as nonaccrual loans. Acquired-performing loans that have subsequently been placed on nonaccrual status are also included below.

(in thousands)	March 31, 2015		December 31, 2014
Originated loans:
Commercial non-real estate	$	25,614	$	15,511
Construction and land development		5,255		6,462
Commercial real estate		24,668		22,047
Residential mortgages		22,383		21,702
Consumer		5,492		5,574
Total originated loans	$	83,412	$	71,296
Acquired loans:
Commercial non-real estate	$	—	$	—
Construction and land development		—		—
Commercial real estate		5,820		6,139
Residential mortgages		—		—
Consumer		—		—
Total acquired loans	$	5,820	$	6,139
FDIC acquired loans:
Commercial non-real estate	$	—	$	—
Construction and land development		1,156		1,103
Commercial real estate		433		433
Residential mortgages		—		392
Consumer		—		174
Total FDIC acquired loans	$	1,589	$	2,102
Total loans:
Commercial non-real estate	$	25,614	$	15,511
Construction and land development		6,411		7,565
Commercial real estate		30,921		28,619
Residential mortgages		22,383		22,094
Consumer		5,492		5,748
Total loans	$	90,821	$	79,537

Schedule of Troubled Debt Restructurings Occurred During Period by Portfolio Segment

The tables below detail TDRs that were modified during the three months ended March 31, 2015 and March 31, 2014 by portfolio segment. All TDRs are individually evaluated for impairment.

	Three Months Ended
(in thousands)	March 31, 2015						March 31, 2014
Troubled Debt Restructurings:	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
Originated loans:
Commercial non-real estate		—	$	—	$	—		—	$	—	$	—
Construction and land development		—		—		—		—		—		—
Commercial real estate		—		—				1		963		918
Residential mortgages		2		68		68		2		773		507
Consumer		1		20		20		—		—		—
Total originated loans		3	$	88	$	88		3	$	1,736	$	1,425
Acquired loans:
Commercial non-real estate		—	$	—	$	—		—	$	—	$	—
Construction and land development		—		—		—		—		—		—
Commercial real estate		—		—		—		—		—		—
Residential mortgages		—		—		—		—		—		—
Consumer		—		—		—		—		—		—
Total acquired loans		—	$	—	$	—		—	$	—	$	—
FDIC acquired loans:
Commercial non-real estate		—	$	—	$	—		—	$	—	$	—
Construction and land development		—		—		—		—		—		—
Commercial real estate		—		—		—		—		—		—
Residential mortgages		—		—		—		—		—		—
Consumer		—		—		—		—		—		—
Total FDIC acquired loans		—	$	—	$	—		—	$	—	$	—
Total loans:
Commercial non-real estate		—	$	—	$	—		—	$	—	$	—
Construction and land development		—		—		—		—		—		—
Commercial real estate		—		—		—		1		963		918
Residential mortgages		2		68		68		2		773		507
Consumer		1		20		20		—		—		—
Total loans		3	$	88	$	88		3	$	1,736	$	1,425

Summary of Impaired Loans Disaggregated by Class

The tables below present loans that are individually evaluated for impairment disaggregated by class at March 31, 2015 and December 31, 2014:

March 31, 2015 (in thousands)	Recorded Investment		Unpaid Principal Balance		Related Allowance		Average Recorded Investment		Interest Income Recognized
Originated loans:
With no related allowance recorded:
Commercial non-real estate	$	11,389	$	11,893	$	—	$	7,196	$	—
Construction and land development		484		2,045		—		1,915		—
Commercial real estate		10,659		12,598		—		9,563		10
Residential mortgages		1,034		1,435		—		517		1
Consumer		101		101		—		51		—
		23,667		28,072		—		19,242		11
With an allowance recorded:
Commercial non-real estate	$	3,177	$	3,928	$	529	$	2,081		2
Construction and land development		3,897		4,555		71		4,401		32
Commercial real estate		6,551		6,556		147		5,103		17
Residential mortgages		1,389		1,900		88		2,023		11
Consumer		19		19		3		13		2
		15,033		16,958		838		13,621		64
Total:
Commercial non-real estate		14,566		15,821		529	$	9,277		2
Construction and land development		4,381		6,600		71		6,316		32
Commercial real estate		17,210		19,154		147		14,666		27
Residential mortgages		2,423		3,335		88		2,540		12
Consumer		120		120		3		63		2
Total originated loans	$	38,700	$	45,030	$	838	$	32,862	$	75
Acquired loans:
With no related allowance recorded:
Commercial non-real estate	$	—	$	—	$	—	$	—	$	—
Construction and land development		—		—		—		—		—
Commercial real estate		—		—		—		—		—
Residential mortgages		—		—		—		—		—
Consumer		—		—		—		—		—
		—		—		—		—		—
With an allowance recorded:
Commercial non-real estate		—		—		—	$	—		—
Construction and land development		—		—		—		—		—
Commercial real estate		2,579		2,602		254		2,635		—
Residential mortgages		—		—		—		—		—
Consumer		—		—		—		—		—
		2,579		2,602		254		2,635		—
Total:
Commercial non-real estate		—		—		—	$	—		—
Construction and land development		—		—		—		—		—
Commercial real estate		2,579		2,602		254		2,635		—
Residential mortgages		—		—		—		—		—
Consumer		—		—		—		—		—
Total acquired loans	$	2,579	$	2,602	$	254	$	2,635	$	—

March 31, 2015 (in thousands)	Recorded Investment		Unpaid Principal Balance		Related Allowance		Average Recorded Investment		Interest Income Recognized
Total loans:
With no related allowance recorded:
Commercial non-real estate	$	11,389	$	11,893	$	—	$	7,196	$	—
Construction and land development		484		2,045		—		1,915		—
Commercial real estate		10,659		12,598		—		9,563		10
Residential mortgages		1,034		1,435		—		517		1
Consumer		101		101		—		51		—
		23,667		28,072		—		19,242		11
With an allowance recorded:
Commercial non-real estate		3,177		3,928		529	$	2,081		2
Construction and land development		3,897		4,555		71		4,401		32
Commercial real estate		9,130		9,158		401		7,738		17
Residential mortgages		1,389		1,900		88		2,023		11
Consumer		19		19		3		13		2
		17,612		19,560		1,092		16,256		64
Total:
Commercial non-real estate		14,566		15,821		529	$	9,277		2
Construction and land development		4,381		6,600		71		6,316		32
Commercial real estate		19,789		21,756		401		17,301		27
Residential mortgages		2,423		3,335		88		2,540		12
Consumer		120		120		3		63		2
Total loans	$	41,279	$	47,632	$	1,092	$	35,497	$	75

December 31, 2014 (in thousands)	Recorded Investment		Unpaid Principal Balance		Related Allowance		Average Recorded Investment		Interest Incsme Recsgnized
Originated loans:
With no related allowance recorded:
Commercial non-real estate	$	3,003	$	3,646	$	—	$	1,209	$	51
Construction and land development		3,345		6,486		—		3,330		142
Commercial real estate		8,467		10,575		—		8,461		331
Residential mortgages		—		—		—		88		3
Consumer		—		—		—		—		—
		14,815		20,707		—		13,088		527
With an allowance recorded:
Commercial non-real estate		984		984		14		5,522		99
Construction and land development		4,905		4,906		19		6,660		137
Commercial real estate		3,654		3,654		11		7,500		109
Residential mortgages		2,656		3,311		330		2,204		50
Consumer		6		6		3		1		—
		12,205		12,861		377		21,887		395
Total:
Commercial non-real estate		3,987		4,630		14		6,732		150
Construction and land development		8,250		11,392		19		9,990		279
Commercial real estate		12,121		14,229		11		15,961		439
Residential mortgages		2,656		3,311		330		2,292		53
Consumer		6		6		3		1		—
Total originated loans	$	27,020	$	33,568	$	377	$	34,976	$	921
Acquired loans:
With no related allowance recorded:
Commercial non-real estate	$	—	$	—	$	—	$	357	$	—
Construction and land development		—		—		—		121		—
Commercial real estate		—		—		—		311		—
Residential mortgages		—		—		—		88		—
Consumer		—		—		—		—		—
		—		—		—		877		—
With an allowance recorded:
Commercial non-real estate		—		—		—		1,059		122
Construction and land development		—		—		—		1,037		56
Commercial real estate		2,691		2,720		477		1,357		75
Residential mortgages		—		—		—		—		—
Consumer		—		—		—		—		—
		2,691		2,720		477		3,453		253
Total:
Commercial non-real estate		—		—		—		1,416		122
Construction and land development		—		—		—		1,158		56
Commercial real estate		2,691		2,720		477		1,668		75
Residential mortgages		—		—		—		88		—
Consumer		—		—		—		—		—
Total acquired loans	$	2,691	$	2,720	$	477	$	4,330	$	253

December 31, 2014 (in thousands)	Recorded Investment		Unpaid Principal Balance		Related Allowance		Average Recorded Investment		Interest Incsme Recsgnized
Total loans:
With no related allowance recorded:
Commercial non-real estate	$	3,003	$	3,646	$	—	$	1,566	$	51
Construction and land development		3,345		6,486		—		3,451		142
Commercial real estate		8,467		10,575		—		8,772		331
Residential mortgages		—		—		—		176		3
Consumer		—		—		—		—		—
		14,815		20,707		—		13,965		527
With an allowance recorded:
Commercial non-real estate		984		984		14		6,581		221
Construction and land development		4,905		4,906		19		7,697		193
Commercial real estate		6,345		6,374		488		8,857		184
Residential mortgages		2,656		3,311		330		2,204		50
Consumer		6		6		3		1		—
		14,896		15,581		854		25,340		648
Total:
Commercial non-real estate		3,987		4,630		14		8,147		272
Construction and land development		8,250		11,392		19		11,148		335
Commercial real estate		14,812		16,949		488		17,629		515
Residential mortgages		2,656		3,311		330		2,380		53
Consumer		6		6		3		1		—
Total loans	$	29,711	$	36,288	$	854	$	39,305	$	1,175

Summary of Age Analysis of Past Due Loans

The following tables present the age analysis of past due loans at March 31, 2015 and December 31, 2014. FDIC acquired and acquired-impaired loans with an accretable yield are considered to be current in the table.

March 31, 2015	30-59 days past due		60-89 days past due		Greater than 90 days past due		Total past due		Current		Total Loans		Recorded investment > 90 days and still accruing
(in thousands)
Originated loans:
Commercial non-real estate	$	4,969	$	3,498	$	8,692	$	17,159	$	5,844,728	$	5,861,887	$	1,114
Construction and land development		4,014		741		4,777		9,532		1,077,917		1,087,449		768
Commercial real estate		2,456		2,549		15,694		20,699		2,471,652		2,492,351		1,831
Residential mortgages		21,365		2,062		7,072		30,499		1,705,534		1,736,033		1,067
Consumer		11,631		1,994		2,992		16,617		1,726,193		1,742,810		879
Total	$	44,435	$	10,844	$	39,227	$	94,506	$	12,826,024	$	12,920,530	$	5,659
Acquired loans:
Commercial non-real estate	$	—	$	—	$	—	$	—	$	118,260	$	118,260	$	—
Construction and land development		—		—		—		—		14,579		14,579		—
Commercial real estate		564		2,579		2,095		5,238		624,737		629,975		213
Residential mortgages		—		—		—		—		2,485		2,485		—
Consumer		—		—		—		—		25		25		—
Total	$	564	$	2,579	$	2,095	$	5,238	$	760,086	$	765,324	$	213
FDIC acquired loans:
Commercial non-real estate	$	—	$	—	$	—	$	—	$	6,937	$	6,937	$	—
Construction and land development		—		—		1,156		1,156		10,326		11,482		—
Commercial real estate		—		—		433		433		27,344		27,777		—
Residential mortgages		—		—		—		—		175,367		175,367		—
Consumer		—		—		—		—		16,969		16,969		—
Total	$	—	$	—	$	1,589	$	1,589	$	236,943	$	238,532	$	—
Total loans:
Commercial non-real estate	$	4,969	$	3,498	$	8,692	$	17,159	$	5,969,925	$	5,987,084	$	1,114
Construction and land development		4,014		741		5,933		10,688		1,102,822		1,113,510		768
Commercial real estate		3,020		5,128		18,222		26,370		3,123,733		3,150,103		2,044
Residential mortgages		21,365		2,062		7,072		30,499		1,883,386		1,913,885		1,067
Consumer		11,631		1,994		2,992		16,617		1,743,187		1,759,804		879
Total	$	44,999	$	13,423	$	42,911	$	101,333	$	13,823,053	$	13,924,386	$	5,872

December 31, 2014	30-59 days past due		60-89 days past due		Greater than 90 days past due		Total past due		Current		Total Loans		Recorded investment > 90 days and still accruing
(in thousands)
Originated loans:
Commercial non-real estate	$	4,380	$	1,742	$	8,560	$	14,682	$	5,903,046	$	5,917,728	$	630
Construction and land development		6,620		1,532		4,453		12,605		1,061,359		1,073,964		142
Commercial real estate		6,527		2,964		13,234		22,725		2,405,470		2,428,195		696
Residential mortgages		14,730		3,261		11,208		29,199		1,675,571		1,704,770		1,199
Consumer		8,422		2,450		4,365		15,237		1,670,305		1,685,542		1,897
Total	$	40,679	$	11,949	$	41,820	$	94,448	$	12,715,751	$	12,810,199	$	4,564
Acquired loans:
Commercial non-real estate	$	—	$	—	$	—	$	—	$	120,137	$	120,137	$	—
Construction and land development		111		—		—		111		21,012		21,123		—
Commercial real estate		3,861		282		1,591		5,734		682,311		688,045		261
Residential mortgages		—		—		—		—		2,378		2,378		—
Consumer		—		—		—		—		985		985		—
Total	$	3,972	$	282	$	1,591	$	5,845	$	826,823	$	832,668	$	261
FDIC acquired loans:
Commercial non-real estate	$	—	$	—	$	—	$	—	$	6,195	$	6,195	$	—
Construction and land development		—		—		1,103		1,103		10,571		11,674		—
Commercial real estate		—		—		433		433		27,375		27,808		—
Residential mortgages		—		272		—		272		186,761		187,033		—
Consumer		1		—		34		35		19,664		19,699		—
Total	$	1	$	272	$	1,570	$	1,843	$	250,566	$	252,409	$	—
Total loans:
Commercial non-real estate	$	4,380	$	1,742	$	8,560	$	14,682	$	6,029,378	$	6,044,060	$	630
Construction and land development		6,731		1,532		5,556		13,819		1,092,942		1,106,761		142
Commercial real estate		10,388		3,246		15,258		28,892		3,115,156		3,144,048		957
Residential mortgages		14,730		3,533		11,208		29,471		1,864,710		1,894,181		1,199
Consumer		8,423		2,450		4,399		15,272		1,690,954		1,706,226		1,897
Total	$	44,652	$	12,503	$	44,981	$	102,136	$	13,793,140	$	13,895,276	$	4,825

Changes in Carrying Amount of Acquired Loans and Accretable Yield for Loans Receivable

Changes in the carrying amount of acquired-impaired loans and accretable yield are presented in the following table for the three months ended March 31, 2015 and the year ended December 31, 2014:

(in thousands)	March 31, 2015												December 31, 2014
	FDIC acquired						Acquired						FDIC acquired						Acquired
	Carrying Amount of Loans			Accretable Yield			Carrying Amount of Loans			Accretable Yield			Carrying Amount of Loans			Accretable Yield			Carrying Amount of Loans			Accretable Yield
Balance at beginning of period	$	252,409		$	112,788		$	61,276		$	74,668		$	358,666		$	122,715		$	68,075		$	131,370
Payments received, net		(17,483	)		(371	)		(21,396	)		(9,036	)		(125,388	)		(1,071	)		(50,178	)		(32,855	)
Accretion		3,606			(3,606	)		5,365			(5,365	)		19,131			(19,131	)		43,379			(43,379	)
(Decrease) Increase in expected cash flows based on actual cash flows and changes in cash flow assumptions		—			(1,389	)		—			87			—			(1,137	)		—			(203	)
Net transfers from nonaccretable difference to accretable yield		—			150			—			(2,265	)		—			11,412			—			19,735
Balance at end of period	$	238,532		$	107,572		$	45,245		$	58,089		$	252,409		$	112,788		$	61,276		$	74,668

Commercial Non-Real Estate [Member]

Schedule of Credit Quality Indicators of Various Classes of Loans - Credit Risk Profile by Internally Assigned Grade

The following tables present the credit quality indicators of the Company’s various classes of loans at March 31, 2015 and December 31, 2014.

Commercial Non-Real Estate Credit Exposure

Credit Risk Profile by Internally Assigned Grade

(in thousands)	March 31, 2015								December 31, 2014
	Originated		Acquired		FDIC acquired		Total		Originated		Acquired		FDIC acquired		Total
Grade:
Pass	$	5,438,058	$	109,784	$	2,892	$	5,550,734	$	5,577,827	$	111,847	$	2,027	$	5,691,701
Pass-Watch		235,510		282		995		236,787		174,742		715		1,120		176,577
Special Mention		64,045		367		—		64,412		52,962		350		—		53,312
Substandard		124,219		7,827		3,021		135,067		112,153		7,225		3,017		122,395
Doubtful		40		—		29		69		44		—		31		75
Loss		15		—		—		15		—		—		—		—
Total	$	5,861,887	$	118,260	$	6,937	$	5,987,084	$	5,917,728	$	120,137	$	6,195	$	6,044,060

Construction and Land Development [Member]

Schedule of Credit Quality Indicators of Various Classes of Loans - Credit Risk Profile Based on Payment Activity

Construction Credit Exposure

Credit Risk Profile Based on Payment Activity

(in thousands)	March 31, 2015								December 31, 2014
	Originated		Acquired		FDIC acquired		Total		Originated		Acquired		FDIC acquired		Total
Grade:
Pass	$	1,032,054	$	5,225	$	2,750	$	1,040,029	$	1,012,128	$	14,377	$	2,468	$	1,028,973
Pass-Watch		18,493		2,727		534		21,754		21,516		432		532		22,480
Special Mention		9,100		139		315		9,554		7,097		129		319		7,545
Substandard		27,802		6,488		7,883		42,173		33,223		6,185		8,355		47,763
Total	$	1,087,449	$	14,579	$	11,482	$	1,113,510	$	1,073,964	$	21,123	$	11,674	$	1,106,761

Commercial Real Estate [Member]

Schedule of Credit Quality Indicators of Various Classes of Loans - Credit Risk Profile by Internally Assigned Grade

Commercial Real Estate Credit Exposure

Credit Risk Profile by Internally Assigned Grade

(in thousands)	March 31, 2015								December 31, 2014
	Originated		Acquired		FDIC acquired		Total		Originated		Acquired		FDIC acquired		Total
Grade:
Pass	$	2,316,577	$	588,942	$	5,869	$	2,911,388	$	2,241,391	$	641,966	$	4,139	$	2,887,496
Pass-Watch		58,743		9,644		2,872		71,259		61,589		11,142		4,547		77,278
Special Mention		14,915		9,531		1,654		26,100		21,543		8,113		1,319		30,975
Substandard		102,097		21,858		17,382		141,337		103,651		26,824		17,803		148,278
Doubtful		19		—		—		19		21		—		—		21
Total	$	2,492,351	$	629,975	$	27,777	$	3,150,103	$	2,428,195	$	688,045	$	27,808	$	3,144,048

Residential Mortgages [Member]

Schedule of Credit Quality Indicators of Various Classes of Loans - Credit Risk Profile Based on Payment Activity and Accrual Status

Residential Mortgage Credit Exposure

Credit Risk Profile Based on Payment Activity and Accrual Status

(in thousands)	March 31, 2015								December 31, 2014
	Originated		Acquired		FDIC acquired		Total		Originated		Acquired		FDIC acquired		Total
Performing	$	1,712,583	$	2,485	$	175,367	$	1,890,435	$	1,681,868	$	2,378	$	186,641	$	1,870,887
Nonperforming		23,450		—		—		23,450		22,902		—		392		23,294
Total	$	1,736,033	$	2,485	$	175,367	$	1,913,885	$	1,704,770	$	2,378	$	187,033	$	1,894,181

Consumer [Member]

Schedule of Credit Quality Indicators of Various Classes of Loans - Credit Risk Profile Based on Payment Activity and Accrual Status

Consumer Credit Exposure

Credit Risk Profile Based on Payment Activity and Accrual Status

(in thousands)	March 31, 2015								December 31, 2014
	Originated		Acquired		FDIC acquired		Total		Originated		Acquired		FDIC acquired		Total
Performing	$	1,736,438	$	25	$	16,969	$	1,753,432	$	1,678,069	$	985	$	19,525	$	1,698,579
Nonperforming		6,372		—		—		6,372		7,473		—		174		7,647
Total	$	1,742,810	$	25	$	16,969	$	1,759,804	$	1,685,542	$	985	$	19,699	$	1,706,226

Troubled Debt Restructurings That Subsequently Defaulted [Member]

Schedule of Troubled Debt Restructurings Occurred During Period by Portfolio Segment

The table below details TDRs that subsequently defaulted within twelve months of modification.

	Three Months Ended
(in thousands)	March 31, 2015				March 31, 2014
Troubled Debt Restructurings:	Number of Contracts		Recorded Investment		Number of Contracts		Recorded Investment
Originated loans:
Commercial non-real estate		—	$	—		1	$	926
Construction and land development		—		—		—		—
Commercial real estate		—		—		—		—
Residential mortgages		—		—		—		—
Consumer		—		—		—		—
Total originated loans		—	$	—		1	$	926
Acquired loans:
Commercial non-real estate		—	$	—		—	$	—
Construction and land development		—		—		—		—
Commercial real estate		—		—		—		—
Residential mortgages		—		—		—		—
Consumer		—		—		—		—
Total acquired loans		—	$	—		—	$	—
FDIC acquired loans:
Commercial non-real estate		—	$	—		—	$	—
Construction and land development		—		—		—		—
Commercial real estate		—		—		—		—
Residential mortgages		—		—		—		—
Consumer		—		—		—		—
Total FDIC acquired loans		—	$	—		—	$	—
Total loans:
Commercial non-real estate		—	$	—		1	$	926
Construction and land development		—		—		—		—
Commercial real estate		—		—		—		—
Residential mortgages		—		—		—		—
Consumer		—		—		—		—
Total loans		—	$	—		1	$	926

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Earnings Per Share - Additional Information (Detail)	3 Months Ended
	Mar. 31, 2015	Mar. 31, 2014
Earnings Per Share [Abstract]
Weighted-average anti-dilutive potential common shares	862,402	689,958

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Consolidated Statements of Changes in Stockholders' Equity (Unaudited) (Parenthetical) (USD $)	3 Months Ended
	Mar. 31, 2015	Mar. 31, 2014
Cash dividends declared, per common share	$ 0.24	$ 0.24
Retained Earnings [Member]
Cash dividends declared, per common share	$ 0.24	$ 0.24

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Consolidated Balance Sheets (Parenthetical) (USD $) In Thousands, except Share data, unless otherwise specified	Mar. 31, 2015	Dec. 31, 2014
Statement of Financial Position [Abstract]
Securities available for sale, amortized cost	$ 1,792,947	$ 1,631,761
Held to maturity securities	2,316,118	2,186,340
Property and equipment, accumulated depreciation	$ 200,424	$ 193,527
Common stock, par value per share	$ 3.33	$ 3.33
Common stock, shares authorized	350,000,000	350,000,000
Common stock, shares outstanding	77,886,120	80,426,485
Treasury shares, shares	8,917,814	7,053,028

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Share-Based Payment Arrangements

3 Months Ended

Mar. 31, 2015

Disclosure of Compensation Related Costs, Share-based Payments [Abstract]

Share-Based Payment Arrangements

9. Share-Based Payment Arrangements

Hancock maintains incentive compensation plans that provide for awards of share-based compensation to employees and directors. These plans have been approved by the Company’s shareholders. Detailed descriptions of these plans were included in Note 12 to the consolidated financial statements in the Company’s Annual Report on Form 10-K for the year ended December 31, 2014.

A summary of option activity for the three months ended March 31, 2015 is presented below:

Options	Number of Shares			Weighted Average Exercise Price		Weighted Average Remaining Contractual Term (Years)		Aggregate Intrinsic Value ($000)
Outstanding at January 1, 2015		933,750		$	37.03
Exercised		—			—
Cancelled/Forfeited		(11,473	)		36.79
Expired		(75,480	)		31.20
Outstanding at March 31, 2015		846,797		$	37.55		4.4	$	15
Exercisable at March 31, 2015		691,344		$	39.20		3.8	$	6

The total intrinsic value of options exercised during the three months ended March 31, 2015 and 2014 was $0.5 million and $0.2 million, respectively.

A summary of the status of the Company’s nonvested restricted and performance shares as of March 31, 2015 and changes during the three months ended March 31, 2015, is presented below. These restricted and performance shares are subject to service requirements.

	Number of Shares			Weighted Average Grant Date Fair Value
Nonvested at January 1, 2015		2,040,299		$	32.27
Granted		79,410			26.70
Vested		(19,136	)		36.15
Forfeited		(63,796	)		33.51
Nonvested at March 31, 2015		2,036,777		$	31.98

As of March 31, 2015, there were $40.1 million of total unrecognized compensation expense related to nonvested restricted and performance shares expected to vest. This compensation is expected to be recognized in expense over a weighted average period of 3.5 years. The total fair value of shares which vested during the three months ended March 31, 2015 and 2014 was $0.9 million and $0.8 million, respectively.

During the three months ended March 31, 2015, the Company granted 59,312 performance shares with a grant date fair value of $25.77 per share to key members of executive and senior management. The number of 2015 performance shares that ultimately vest at the end of the three-year required service period, if any, will be based on the relative rank of Hancock’s three-year total shareholder return (“TSR”) among the TSRs of a peer group of fifty regional banks. The maximum number of performance shares that could vest is 200% of the target award. The fair value of the performance awards at the grant date was determined using a Monte Carlo simulation method. Compensation expense for these performance shares will be recognized on a straight-line basis over the service period.

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Document and Entity Information	3 Months Ended
	Mar. 31, 2015	May 01, 2015
Document And Entity Information [Abstract]
Document Type	10-Q
Amendment Flag	false
Document Period End Date	Mar. 31, 2015
Document Fiscal Year Focus	2015
Document Fiscal Period Focus	Q1
Trading Symbol	HBHC
Entity Registrant Name	HANCOCK HOLDING CO
Entity Central Index Key	0000750577
Current Fiscal Year End Date	--12-31
Entity Filer Category	Large Accelerated Filer
Entity Common Stock, Shares Outstanding		77,891,909

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Retirement Plans

3 Months Ended

Mar. 31, 2015

Compensation and Retirement Disclosure [Abstract]

Retirement Plans

10. Retirement Plans

The Company has a qualified defined benefit pension plan covering all eligible employees. Eligibility is based on minimum age-related and service-related requirements as well as job classification. Accrued benefits under a nonqualified plan covering certain legacy Whitney employees were frozen as of December 31, 2012 and no future benefits will be accrued under this plan.

The Company also sponsors defined benefit postretirement plans for both legacy Hancock and legacy Whitney employees that provide health care and life insurance benefits. Benefits under the Hancock plan are not available to employees hired on or after January 1, 2000. Benefits under the Whitney plan are restricted to retirees who were already receiving benefits at the time of plan amendments in 2007 or active participants who were eligible to receive benefits as of December 31, 2007.

The following table shows the components of net periodic benefits cost included in expense for the plans for the periods indicated:

	Three Months Ended March 31,
(in thousands)	2015			2014			2015		2014
	Pension benefits						Other Post- retirement Benefits
Service cost	$	3,363		$	3,425		$	50	$	37
Interest cost		4,619			4,809			369		338
Expected return on plan assets		(8,213	)		(8,061	)		—		—
Amortization of net loss		644			8			125		157
Net periodic benefit cost	$	413		$	181		$	544	$	532

Hancock contributed $10 million to the pension plan during the first quarter of 2015. Based on currently available information, the Company does not anticipate making any further contribution during the remainder of 2015.

The Company also provides a defined contribution 401(k) retirement benefit plan. Under the plan, the Company matches 100% of the first 1% of compensation saved by a participant, and 50% of the next 5% of compensation saved.

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Consolidated Statements of Income (Unaudited) (USD $) In Thousands, except Per Share data, unless otherwise specified	3 Months Ended
	Mar. 31, 2015	Mar. 31, 2014
Interest income:
Loans, including fees	$ 146,967	$ 150,982
Loans held for sale	96	195
Securities-taxable	20,790	22,708
Securities-tax exempt	880	1,027
Federal funds sold and other short term investments	354	228
Total interest income	169,087	175,140
Interest expense:
Deposits	7,126	5,352
Short-term borrowings	172	1,049
Long-term debt and other interest expense	3,631	3,177
Total interest expense	10,929	9,578
Net interest income	158,158	165,562
Provision for loan losses	6,154	7,963
Net interest income after provision for loan losses	152,004	157,599
Noninterest income:
Service charges on deposit accounts	17,315	18,712
Trust fees	11,200	10,238
Bank card and ATM fees	11,183	10,569
Investment and annuity fees	5,050	4,952
Secondary mortgage market operations	2,664	1,965
Insurance commissions and fees	1,754	3,744
Amortization of FDIC loss share receivable	(1,197)	(3,908)
Other income	8,244	10,427
Securities transactions gains, net	333
Total noninterest income	56,546	56,699
Noninterest expense:
Compensation expense	65,017	67,165
Employee benefits	15,634	14,267
Personnel expense	80,651	81,432
Net occupancy expense	11,177	11,266
Equipment expense	3,935	4,274
Data processing expense	13,556	12,419
Professional services expense	15,370	6,409
Amortization of intangibles	6,318	7,038
Telecommunications and postage	3,651	3,583
Deposit insurance and regulatory fees	3,595	2,967
Other real estate expense, net	456	1,777
Other expense	14,806	15,817
Total noninterest expense	153,515	146,982
Income before income taxes	55,035	67,316
Income taxes	14,876	18,201
Net income	$ 40,159	$ 49,115
Basic earnings per common share	$ 0.49	$ 0.58
Diluted earnings per common share	$ 0.49	$ 0.58
Dividends paid per share	$ 0.24	$ 0.24
Weighted average shares outstanding-basic	79,496	82,277
Weighted average shares outstanding-diluted	79,661	82,534

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Long-Term Debt

3 Months Ended

Mar. 31, 2015

Debt Disclosure [Abstract]

Long-Term Debt

Note 4. Long-Term Debt

Long-term debt consisted of the following:

(in thousands)	March 31, 2015		December 31, 2014
Subordinated notes payable maturing June 2045	$	150,000	$	—
Subordinated notes payable maturing April 2017		98,011		98,011
Term note payable maturing December 2015		140,800		149,600
Other long-term debt		127,196		126,760
Total long-term debt	$	516,007	$	374,371

On March 9, 2015, the Company completed the issuance of subordinated notes payable with an aggregate principal amount of $150 million. The notes mature on June 15, 2045 and accrue interest at a rate of 5.95% per annum, with quarterly interest payments beginning in June 2015. Subject to prior approval by the Federal Reserve, the Company may redeem the notes in whole or in part on any interest payment date on or after June 15, 2020. This debt qualifies as Tier 2 capital in the calculation of certain regulatory capital ratios.

The 5.875% fixed-rate subordinated notes maturing April 2017 had been issued by Whitney National Bank and were assumed by Hancock in the Whitney acquisition. As of March 31, 2015, 40% of the balance of these notes qualifies as capital in the calculation of certain regulatory capital ratios. The qualifying amount will be further reduced to 20% in the second quarter of 2015 and will no longer qualify as capital as of April 1, 2016.

On December 21, 2012, the Company entered into a three-year term loan agreement that provides for a $220 million term loan facility, all of which was borrowed on the closing date. The agreement also provides for up to $50 million in additional borrowings under the loan facility, subject to obtaining additional commitments from existing or new lenders and satisfaction of certain other conditions. Amounts borrowed under the loan facility bear interest at a variable rate based on LIBOR plus 1.875% per annum. The loan agreement requires quarterly principal payments of $8.8 million, and outstanding borrowings may be prepaid in whole or in part at any time prior to the December 21, 2015 maturity date without premium or penalty.

The Company and the Bank must satisfy certain financial covenants in the term loan agreement and is subject to other restrictions customary in financings of this nature, none of which is expected to adversely impact the operations of the Company. The financial covenants cover, among other things, the maintenance of minimum levels for regulatory capital ratios, consolidated net worth, consolidated return on assets, and holding company liquidity and dividend capacity, and specify a maximum ratio of consolidated nonperforming assets to consolidated total loans and other real estate, calculated without FDIC acquired assets. The Company was in compliance with all covenants as of March 31, 2015 and December 31, 2014.

Substantially all of the other long-term debt consists of borrowings associated with tax credit fund activities. Although these borrowings have indicated maturities beginning in the second quarter of 2015 through 2052, they are expected to be paid off at the end of their seven-year compliance period.

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Loans and Allowance for Loan Losses

3 Months Ended

Mar. 31, 2015

Receivables [Abstract]

Loans and Allowance for Loan Losses

3. Loans and Allowance for Loan Losses

Loans, net of unearned income, consisted of the following:

(in thousands)	March 31, 2015		December 31, 2014
Originated loans:
Commercial non-real estate	$	5,861,887	$	5,917,728
Construction and land development		1,087,449		1,073,964
Commercial real estate		2,492,351		2,428,195
Residential mortgages		1,736,033		1,704,770
Consumer		1,742,810		1,685,542
Total originated loans	$	12,920,530	$	12,810,199
Acquired loans:
Commercial non-real estate	$	118,260	$	120,137
Construction and land development		14,579		21,123
Commercial real estate		629,975		688,045
Residential mortgages		2,485		2,378
Consumer		25		985
Total acquired loans	$	765,324	$	832,668
FDIC acquired loans:
Commercial non-real estate	$	6,937	$	6,195
Construction and land development		11,482		11,674
Commercial real estate		27,777		27,808
Residential mortgages		175,367		187,033
Consumer		16,969		19,699
Total FDIC acquired loans	$	238,532	$	252,409
Total loans:
Commercial non-real estate	$	5,987,084	$	6,044,060
Construction and land development		1,113,510		1,106,761
Commercial real estate		3,150,103		3,144,048
Residential mortgages		1,913,885		1,894,181
Consumer		1,759,804		1,706,226
Total loans	$	13,924,386	$	13,895,276

The following briefly describes the distinction among originated, acquired and FDIC acquired loans and certain significant accounting policies relevant to each category.

Originated loans

Loans reported as “originated” include both loans originated for investment and acquired-performing loans where the discount (premium) has been fully accreted (amortized). Originated loans are reported at the principal balance outstanding, net of unearned income. Interest on loans and accretion of unearned income, including deferred loan fees, are computed in a manner that approximates a level yield on recorded principal. Interest on loans is recognized in income as earned.

The accrual of interest on an originated loan is discontinued when, in management’s opinion, it is probable that the borrower will be unable to meet payment obligations as they become due, as well as when required by regulatory provisions. When accrual of interest is discontinued on a loan, all unpaid accrued interest is reversed and payments subsequently received are applied first to recover principal. Interest income is recognized for payments received after contractual principal has been satisfied. Loans are returned to accrual status when all the principal and interest contractually due are brought current and future payment performance is reasonably assured.

Acquired loans

Loans reported as “acquired” are those loans that were purchased in the 2011 Whitney Holding Corporation acquisition. These loans were recorded at estimated fair value at the acquisition date with no carryover of the related allowance for loan losses. The Whitney acquired loans were segregated between those considered to be performing (“acquired-performing”) and those with evidence of credit deterioration (“acquired-impaired”) based on such factors as past due status, nonaccrual status and credit risk ratings (rated substandard or worse). The acquired loans were further segregated into loan pools designed to facilitate the development of expected cash flows to be used in estimating fair value to facilitate purchase accounting. Acquired-performing loans are accounted for under ASC 310-20 and acquired-impaired loans are accounted for under ASC 310-30.

Acquired-performing loans were segregated into pools based on common risk characteristics such as loan type, credit risk ratings, and contractual interest rate and repayment terms. The major loan types included commercial and industrial loans not secured by real estate, real estate construction and land development loans, commercial real estate loans, residential mortgage loans, and consumer loans, with further segregation within certain loan types as needed. Expected cash flows, both principal and interest, from each pool were estimated based on key assumptions covering such factors as prepayments, default rates, and severity of loss given a default. These assumptions were developed using both historical experience and the portfolio characteristics at acquisition as well as available market research. The fair value estimate for each acquired-performing pool was based on the estimate of expected cash flows from the pool discounted at prevailing market rates.

The difference at the acquisition date between the fair value and the contractual amounts due of an acquired-performing loan pool (the “fair value discount”) is accreted into income over the estimated life of the pool. Acquired-performing loans are placed on nonaccrual status and reported as nonperforming or past due using the same criteria applied to the originated portfolio.

The acquired-impaired loans were segregated into pools by identifying loans with common credit risk profiles and were based primarily on characteristics such as loan type and market area in which originated. The major loan types included commercial and industrial loans not secured by real estate, real estate construction and land development loans, commercial real estate loans, and residential mortgage loans, with further segregation within certain loan types as needed. The acquired-impaired loans were further disaggregated by geographic region in recognition of the differences in general economic conditions affecting borrowers in certain states. The fair value estimate for each pool of acquired-impaired loans was based on the estimate of expected cash flows from the pool discounted at prevailing market rates.

The excess of estimated cash flows expected to be collected from an acquired-impaired loan pool over the pool’s carrying value is referred to as the accretable yield and is recognized in interest income using an effective yield method over the expected life of the loan pool. Each pool of acquired-impaired loans is accounted for as a single asset with a single composite interest rate and an aggregate expectation of cash flows. Acquired-impaired loans in pools with an accretable yield and expected cash flows that are reasonably estimable are considered to be accruing and performing even though collection of contractual payments on loans within the pool may be in doubt, because the pool is the unit of accounting. Acquired-impaired loans are generally not subject to individual evaluation for impairment and are not reported with impaired loans or troubled debt restructurings even if they would otherwise qualify for such treatment.

FDIC acquired loans and the related loss share receivable

Loans reported as “FDIC acquired” are loans purchased in the 2009 acquisition of Peoples First Community Bank (Peoples First) that were covered by two loss share agreements between the FDIC and the Company. These loans are accounted for as acquired-impaired loans as described above in the section on acquired loans. The Company treated all loans for the Peoples First acquisition as impaired based on the significant amount of deteriorating and nonperforming loans, comprised mainly of adjustable rate mortgages and home equity loans, located in Florida. The loss share receivable is measured separately from the related covered loans as it is not contractually embedded in the loans and is not transferrable should the loans be sold. The fair value of the loss share receivable at acquisition was estimated by discounting expected reimbursements for losses from the loans covered by the loss share agreements, including appropriate consideration of possible true-up payments to the FDIC at the expiration of the agreements.

The loss share receivable is reviewed and updated prospectively as loss estimates related to covered loan pools change. Increases in expected reimbursements under the loss sharing agreement will lead to an increase in the loss share receivable. A decrease in expected reimbursements is reflected first as a reversal of any previously recorded increase in the loss share receivable on the covered loan pool with the remainder reflected as a reduction in the loss share receivable’s accretion rate. Increases and decreases in the loss share receivable related to changes in loss estimates result in reductions in or additions to the provision for loan losses, which serves to offset the impact on the provision from impairments or impairment reversals recognized on the underlying covered loan pool. The excess (or shortfall) of expected claims as compared to the carrying value of the loss share receivable is accreted (amortized) into noninterest income over the shorter of the remaining life of the covered loan pool or the life of the loss share agreement. The impact on operations of a reduction in the loss share receivable’s accretion rate is associated with an increase in the accretable yield on the underlying loan pool. The loss share receivable is reduced as cash is received from the FDIC related to losses incurred on covered assets.

The following schedule shows activity in the loss share receivable for the three months ended March 31, 2015 and 2014:

	Three Months Ended
(in thousands)	March 31, 2015			March 31, 2014
Balance, January 1	$	60,272		$	113,834
Amortization		(1,197	)		(3,908	)
Charge-offs, write-downs and other recoveries		(1,475	)		(452	)
External expenses qualifying under loss share agreement		298			1,848
Changes due to changes in cash flow projections		(421	)		(6,853	)
Net payments from FDIC		(7,580	)		—
Ending balance	$	49,897		$	104,469

The loss share agreement covering the non-single family FDIC acquired portfolio expired in December 2014. The loss share agreement covering the single family portfolio expires in December 2019.

The following schedule shows activity in the allowance for loan losses by portfolio segment for the three months ended March 31, 2015 and 2014 as well as the corresponding recorded investment in loans at the end of each period.

(in thousands)	Commercial non-real estate			Construction and land development			Commercial real estate			Residential mortgages			Consumer			Total
	Three Months Ended March 31, 2015
Originated loans
Allowance for loan losses:
Beginning balance	$	50,258		$	5,413		$	16,544		$	8,051		$	17,435		$	97,701
Charge-offs		(1,697	)		(747	)		(251	)		(1,209	)		(3,556	)		(7,460	)
Recoveries		981			1,243			(3	)		305			1,280			3,806
Net provision for loan losses		6,754			(1,500	)		(966	)		738			1,421			6,447
Ending balance	$	56,296		$	4,409		$	15,324		$	7,885		$	16,580		$	100,494
Ending balance:
Individually evaluated for impairment	$	529		$	71		$	147		$	88		$	3		$	838
Collectively evaluated for impairment		55,767			4,338			15,177			7,797			16,577			99,656
Loans:
Ending balance:	$	5,861,887		$	1,087,449		$	2,492,351		$	1,736,033		$	1,742,810		$	12,920,530
Individually evaluated for impairment		14,566			4,381			17,210			2,423			120			38,700
Collectively evaluated for impairment		5,847,321			1,083,068			2,475,141			1,733,610			1,742,690			12,881,830
Acquired loans
Allowance for loan losses:
Beginning balance	$	—		$	—		$	477		$	—		$	—		$	477
Charge-offs		—			—			—			—			—			—
Recoveries		—			—			—			—			—			—
Net provision for loan losses		—			—			(223	)		—			—			(223	)
Ending balance	$	—		$	—		$	254		$	—		$	—		$	254
Ending balance:
Individually evaluated for impairment	$	—		$	—		$	254		$	—		$	—		$	254
Amounts related to acquired-impaired loans		—			—			—			—			—			—
Collectively evaluated for impairment		—			—			—			—			—			—
Loans:
Ending balance:	$	118,260		$	14,579		$	629,975		$	2,485		$	25		$	765,324
Individually evaluated for impairment		—			—			2,579			—			—			2,579
Acquired-impaired loans		8,708			12,801			21,226			2,485			25			45,245
Collectively evaluated for impairment		109,552			1,778			606,170			—			—			717,500

(in thousands)	Commercial non-real estate			Construction and land development			Commercial real estate			Residential mortgages			Consumer			Total
	Three Months Ended March 31, 2015
FDIC acquired loans
Allowance for loan losses:
Beginning balance	$	911		$	1,008		$	4,061		$	20,609		$	3,995		$	30,584
Charge-offs		(127	)		(276	)		(2,368	)		(93	)		(140	)		(3,004	)
Recoveries		14			406			113			—			16			549
Net provision for loan losses		(2	)		(6	)		202			(195	)		(69	)		(70	)
(Decrease) increase in FDIC loss share receivable		(13	)		(34	)		1,207			(1,171	)		(410	)		(421	)
Ending balance	$	783		$	1,098		$	3,215		$	19,150		$	3,392		$	27,638
Ending balance:
Individually evaluated for impairment	$	—		$	—		$	—		$	—		$	—		$	—
Amounts related to acquired-impaired loans		783			1,098			3,215			19,150			3,392			27,638
Collectively evaluated for impairment		—			—			—			—			—			—
Loans:
Ending balance:	$	6,937		$	11,482		$	27,777		$	175,367		$	16,969		$	238,532
Individually evaluated for impairment		—			—			—			—			—			—
Acquired-impaired loans		6,937			11,482			27,777			175,367			16,969			238,532
Collectively evaluated for impairment		—			—			—			—			—			—
Total loans
Allowance for loan losses:
Beginning balance	$	51,169		$	6,421		$	21,082		$	28,660		$	21,430		$	128,762
Charge-offs		(1,824	)		(1,023	)		(2,619	)		(1,302	)		(3,696	)		(10,464	)
Recoveries		995			1,649			110			305			1,296			4,355
Net provision for loan losses		6,752			(1,506	)		(987	)		543			1,352			6,154
(Decrease) increase in FDIC loss share receivable		(13	)		(34	)		1,207			(1,171	)		(410	)		(421	)
Ending balance	$	57,079		$	5,507		$	18,793		$	27,035		$	19,972		$	128,386
Ending balance:
Individually evaluated for impairment	$	529		$	71		$	401		$	88		$	3		$	1,092
Amounts related to acquired-impaired loans		783			1,098			3,215			19,150			3,392			27,638
Collectively evaluated for impairment		55,767			4,338			15,177			7,797			16,577			99,656
Loans:
Ending balance:	$	5,987,084		$	1,113,510		$	3,150,103		$	1,913,885		$	1,759,804		$	13,924,386
Individually evaluated for impairment		14,566			4,381			19,789			2,423			120			41,279
Acquired-impaired loans		15,645			24,283			49,003			177,852			16,994			283,777
Collectively evaluated for impairment		5,956,873			1,084,846			3,081,311			1,733,610			1,742,690			13,599,330

(in thousands)	Commercial non-real estate			Construction and land development			Commercial real estate			Residential mortgages			Consumer			Total
	Three Months Ended March 31, 2014
Originated loans
Allowance for loan losses:
Beginning balance	$	33,091		$	6,180		$	20,649		$	6,892		$	12,073		$	78,885
Charge-offs		(2,386	)		(91	)		(723	)		(241	)		(4,041	)		(7,482	)
Recoveries		826			651			331			94			1,602			3,504
Net provision for loan losses		2,202			(739	)		716			(153	)		2,627			4,653
Ending balance	$	33,733		$	6,001		$	20,973		$	6,592		$	12,261		$	79,560
Ending balance:
Individually evaluated for impairment	$	1,457		$	508		$	189		$	196		$	—		$	2,350
Collectively evaluated for impairment		32,276			5,493			20,784			6,396			12,261			77,210
Loans:
Ending balance:	$	4,353,549		$	824,837		$	2,110,096		$	1,228,170		$	1,407,712		$	9,924,364
Individually evaluated for impairment		9,109			11,064			12,418			2,549			—			35,140
Collectively evaluated for impairment		4,344,440			813,773			2,097,678			1,225,621			1,407,712			9,889,224
Acquired loans
Allowance for loan losses:
Beginning balance	$	1,603		$	10		$	34		$	—		$	—		$	1,647
Charge-offs		—			—			—			—			—			—
Recoveries		—			—			—			—			—			—
Net provision for loan losses		2,396			108			424			496			188			3,612
Ending balance	$	3,999		$	118		$	458		$	496		$	188		$	5,259
Ending balance:
Individually evaluated for impairment	$	88		$	32		$	282		$	—		$	—		$	402
Amounts related to acquired-impaired loans		—			—			—			—			—			—
Collectively evaluated for impairment		3,911			86			176			496			188			4,857
Loans:
Ending balance:	$	830,211		$	134,443		$	907,170		$	293,111		$	107,501		$	2,272,436
Individually evaluated for impairment		1,998			721			2,281			—			—			5,000
Acquired-impaired loans		13,272			17,560			30,018			5,545			102			66,497
Collectively evaluated for impairment		814,941			116,162			874,871			287,566			107,399			2,200,939

(in thousands)	Commercial non-real estate			Construction and land development			Commercial real estate			Residential mortgages			Consumer			Total
	Three Months Ended March 31, 2014
FDIC acquired loans
Allowance for loan losses:
Beginning balance	$	2,323		$	2,655		$	10,929		$	27,989		$	9,198		$	53,094
Charge-offs		(46	)		(458	)		(3,117	)		(308	)		(81	)		(4,010	)
Recoveries		445			857			136			6			56			1,500
Net provision for loan losses		(36	)		(32	)		(22	)		(118	)		(94	)		(302	)
Decrease in FDIC loss share receivable		(809	)		(732	)		(507	)		(2,666	)		(2,139	)		(6,853	)
Ending balance	$	1,877		$	2,290		$	7,419		$	24,903		$	6,940		$	43,429
Ending balance:
Individually evaluated for impairment	$	—		$	—		$	—		$	—		$	—		$	—
Amounts related to acquired-impaired loans		1,877			2,290			7,419			24,903			6,940			43,429
Collectively evaluated for impairment		—			—			—			—			—			—
Loans:
Ending balance:	$	14,269		$	19,518		$	52,050		$	199,026		$	46,274		$	331,137
Individually evaluated for impairment		—			—			—			—			—			—
Acquired-impaired loans		14,269			19,518			52,050			199,026			46,274			331,137
Collectively evaluated for impairment		—			—			—			—			—			—
Total loans
Allowance for loan losses:
Beginning balance	$	37,017		$	8,845		$	31,612		$	34,881		$	21,271		$	133,626
Charge-offs		(2,432	)		(549	)		(3,840	)		(549	)		(4,122	)		(11,492	)
Recoveries		1,271			1,508			467			100			1,658			5,004
Net provision for loan losses		4,562			(663	)		1,118			225			2,721			7,963
Decrease in FDIC loss share receivable		(809	)		(732	)		(507	)		(2,666	)		(2,139	)		(6,853	)
Ending balance	$	39,609		$	8,409		$	28,850		$	31,991		$	19,389		$	128,248
Ending balance:
Individually evaluated for impairment	$	1,545		$	540		$	471		$	196		$	—		$	2,752
Amounts related to acquired-impaired loans		1,877			2,290			7,419			24,903			6,940			43,429
Collectively evaluated for impairment		36,187			5,579			20,960			6,892			12,449			82,067
Loans:
Ending balance:	$	5,198,029		$	978,798		$	3,069,316		$	1,720,307		$	1,561,487		$	12,527,937
Individually evaluated for impairment		11,107			11,785			14,699			2,549			—			40,140
Acquired-impaired loans		27,541			37,078			82,068			204,571			46,376			397,634
Collectively evaluated for impairment		5,159,381			929,935			2,972,549			1,513,187			1,515,111			12,090,163

The following table shows the composition of nonaccrual loans by portfolio segment and class. Acquired-impaired and certain FDIC acquired loans are considered to be performing due to the application of the accretion method and are excluded from the table. FDIC acquired loans accounted for using the cost recovery method do not have an accretable yield and are included below as nonaccrual loans. Acquired-performing loans that have subsequently been placed on nonaccrual status are also included below.

(in thousands)	March 31, 2015		December 31, 2014
Originated loans:
Commercial non-real estate	$	25,614	$	15,511
Construction and land development		5,255		6,462
Commercial real estate		24,668		22,047
Residential mortgages		22,383		21,702
Consumer		5,492		5,574
Total originated loans	$	83,412	$	71,296
Acquired loans:
Commercial non-real estate	$	—	$	—
Construction and land development		—		—
Commercial real estate		5,820		6,139
Residential mortgages		—		—
Consumer		—		—
Total acquired loans	$	5,820	$	6,139
FDIC acquired loans:
Commercial non-real estate	$	—	$	—
Construction and land development		1,156		1,103
Commercial real estate		433		433
Residential mortgages		—		392
Consumer		—		174
Total FDIC acquired loans	$	1,589	$	2,102
Total loans:
Commercial non-real estate	$	25,614	$	15,511
Construction and land development		6,411		7,565
Commercial real estate		30,921		28,619
Residential mortgages		22,383		22,094
Consumer		5,492		5,748
Total loans	$	90,821	$	79,537

The estimated amount of interest that would have been recorded on nonaccrual loans had the loans not been classified as nonaccrual in the three months ended March 31, 2015 was approximately $0.8 million. Interest actually received and recorded as income on nonaccrual loans during the three months ended March 31, 2015 was approximately $0.3 million.

Nonaccrual loans include loans modified in troubled debt restructurings (“TDRs”) of $5.0 million and $7.0 million at March 31, 2015 and December 31, 2014, respectively. Total TDRs both accruing and nonaccruing were $12.5 million as of March 31, 2015 and $16.0 million at December 31, 2014. Modified acquired-impaired loans are not removed from their accounting pool and accounted for as TDRs, even if those loans would otherwise be deemed TDRs.

The tables below detail TDRs that were modified during the three months ended March 31, 2015 and March 31, 2014 by portfolio segment. All TDRs are individually evaluated for impairment.

	Three Months Ended
(in thousands)	March 31, 2015						March 31, 2014
Troubled Debt Restructurings:	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
Originated loans:
Commercial non-real estate		—	$	—	$	—		—	$	—	$	—
Construction and land development		—		—		—		—		—		—
Commercial real estate		—		—				1		963		918
Residential mortgages		2		68		68		2		773		507
Consumer		1		20		20		—		—		—
Total originated loans		3	$	88	$	88		3	$	1,736	$	1,425
Acquired loans:
Commercial non-real estate		—	$	—	$	—		—	$	—	$	—
Construction and land development		—		—		—		—		—		—
Commercial real estate		—		—		—		—		—		—
Residential mortgages		—		—		—		—		—		—
Consumer		—		—		—		—		—		—
Total acquired loans		—	$	—	$	—		—	$	—	$	—
FDIC acquired loans:
Commercial non-real estate		—	$	—	$	—		—	$	—	$	—
Construction and land development		—		—		—		—		—		—
Commercial real estate		—		—		—		—		—		—
Residential mortgages		—		—		—		—		—		—
Consumer		—		—		—		—		—		—
Total FDIC acquired loans		—	$	—	$	—		—	$	—	$	—
Total loans:
Commercial non-real estate		—	$	—	$	—		—	$	—	$	—
Construction and land development		—		—		—		—		—		—
Commercial real estate		—		—		—		1		963		918
Residential mortgages		2		68		68		2		773		507
Consumer		1		20		20		—		—		—
Total loans		3	$	88	$	88		3	$	1,736	$	1,425

The table below details TDRs that subsequently defaulted within twelve months of modification.

	Three Months Ended
(in thousands)	March 31, 2015				March 31, 2014
Troubled Debt Restructurings:	Number of Contracts		Recorded Investment		Number of Contracts		Recorded Investment
Originated loans:
Commercial non-real estate		—	$	—		1	$	926
Construction and land development		—		—		—		—
Commercial real estate		—		—		—		—
Residential mortgages		—		—		—		—
Consumer		—		—		—		—
Total originated loans		—	$	—		1	$	926
Acquired loans:
Commercial non-real estate		—	$	—		—	$	—
Construction and land development		—		—		—		—
Commercial real estate		—		—		—		—
Residential mortgages		—		—		—		—
Consumer		—		—		—		—
Total acquired loans		—	$	—		—	$	—
FDIC acquired loans:
Commercial non-real estate		—	$	—		—	$	—
Construction and land development		—		—		—		—
Commercial real estate		—		—		—		—
Residential mortgages		—		—		—		—
Consumer		—		—		—		—
Total FDIC acquired loans		—	$	—		—	$	—
Total loans:
Commercial non-real estate		—	$	—		1	$	926
Construction and land development		—		—		—		—
Commercial real estate		—		—		—		—
Residential mortgages		—		—		—		—
Consumer		—		—		—		—
Total loans		—	$	—		1	$	926

Those loans that are determined to be impaired and have balances of $1 million or more are individually evaluated for impairment. The tables below present loans that are individually evaluated for impairment disaggregated by class at March 31, 2015 and December 31, 2014:

March 31, 2015 (in thousands)	Recorded Investment		Unpaid Principal Balance		Related Allowance		Average Recorded Investment		Interest Income Recognized
Originated loans:
With no related allowance recorded:
Commercial non-real estate	$	11,389	$	11,893	$	—	$	7,196	$	—
Construction and land development		484		2,045		—		1,915		—
Commercial real estate		10,659		12,598		—		9,563		10
Residential mortgages		1,034		1,435		—		517		1
Consumer		101		101		—		51		—
		23,667		28,072		—		19,242		11
With an allowance recorded:
Commercial non-real estate	$	3,177	$	3,928	$	529	$	2,081		2
Construction and land development		3,897		4,555		71		4,401		32
Commercial real estate		6,551		6,556		147		5,103		17
Residential mortgages		1,389		1,900		88		2,023		11
Consumer		19		19		3		13		2
		15,033		16,958		838		13,621		64
Total:
Commercial non-real estate		14,566		15,821		529	$	9,277		2
Construction and land development		4,381		6,600		71		6,316		32
Commercial real estate		17,210		19,154		147		14,666		27
Residential mortgages		2,423		3,335		88		2,540		12
Consumer		120		120		3		63		2
Total originated loans	$	38,700	$	45,030	$	838	$	32,862	$	75
Acquired loans:
With no related allowance recorded:
Commercial non-real estate	$	—	$	—	$	—	$	—	$	—
Construction and land development		—		—		—		—		—
Commercial real estate		—		—		—		—		—
Residential mortgages		—		—		—		—		—
Consumer		—		—		—		—		—
		—		—		—		—		—
With an allowance recorded:
Commercial non-real estate		—		—		—	$	—		—
Construction and land development		—		—		—		—		—
Commercial real estate		2,579		2,602		254		2,635		—
Residential mortgages		—		—		—		—		—
Consumer		—		—		—		—		—
		2,579		2,602		254		2,635		—
Total:
Commercial non-real estate		—		—		—	$	—		—
Construction and land development		—		—		—		—		—
Commercial real estate		2,579		2,602		254		2,635		—
Residential mortgages		—		—		—		—		—
Consumer		—		—		—		—		—
Total acquired loans	$	2,579	$	2,602	$	254	$	2,635	$	—

March 31, 2015 (in thousands)	Recorded Investment		Unpaid Principal Balance		Related Allowance		Average Recorded Investment		Interest Income Recognized
Total loans:
With no related allowance recorded:
Commercial non-real estate	$	11,389	$	11,893	$	—	$	7,196	$	—
Construction and land development		484		2,045		—		1,915		—
Commercial real estate		10,659		12,598		—		9,563		10
Residential mortgages		1,034		1,435		—		517		1
Consumer		101		101		—		51		—
		23,667		28,072		—		19,242		11
With an allowance recorded:
Commercial non-real estate		3,177		3,928		529	$	2,081		2
Construction and land development		3,897		4,555		71		4,401		32
Commercial real estate		9,130		9,158		401		7,738		17
Residential mortgages		1,389		1,900		88		2,023		11
Consumer		19		19		3		13		2
		17,612		19,560		1,092		16,256		64
Total:
Commercial non-real estate		14,566		15,821		529	$	9,277		2
Construction and land development		4,381		6,600		71		6,316		32
Commercial real estate		19,789		21,756		401		17,301		27
Residential mortgages		2,423		3,335		88		2,540		12
Consumer		120		120		3		63		2
Total loans	$	41,279	$	47,632	$	1,092	$	35,497	$	75

December 31, 2014 (in thousands)	Recorded Investment		Unpaid Principal Balance		Related Allowance		Average Recorded Investment		Interest Incsme Recsgnized
Originated loans:
With no related allowance recorded:
Commercial non-real estate	$	3,003	$	3,646	$	—	$	1,209	$	51
Construction and land development		3,345		6,486		—		3,330		142
Commercial real estate		8,467		10,575		—		8,461		331
Residential mortgages		—		—		—		88		3
Consumer		—		—		—		—		—
		14,815		20,707		—		13,088		527
With an allowance recorded:
Commercial non-real estate		984		984		14		5,522		99
Construction and land development		4,905		4,906		19		6,660		137
Commercial real estate		3,654		3,654		11		7,500		109
Residential mortgages		2,656		3,311		330		2,204		50
Consumer		6		6		3		1		—
		12,205		12,861		377		21,887		395
Total:
Commercial non-real estate		3,987		4,630		14		6,732		150
Construction and land development		8,250		11,392		19		9,990		279
Commercial real estate		12,121		14,229		11		15,961		439
Residential mortgages		2,656		3,311		330		2,292		53
Consumer		6		6		3		1		—
Total originated loans	$	27,020	$	33,568	$	377	$	34,976	$	921
Acquired loans:
With no related allowance recorded:
Commercial non-real estate	$	—	$	—	$	—	$	357	$	—
Construction and land development		—		—		—		121		—
Commercial real estate		—		—		—		311		—
Residential mortgages		—		—		—		88		—
Consumer		—		—		—		—		—
		—		—		—		877		—
With an allowance recorded:
Commercial non-real estate		—		—		—		1,059		122
Construction and land development		—		—		—		1,037		56
Commercial real estate		2,691		2,720		477		1,357		75
Residential mortgages		—		—		—		—		—
Consumer		—		—		—		—		—
		2,691		2,720		477		3,453		253
Total:
Commercial non-real estate		—		—		—		1,416		122
Construction and land development		—		—		—		1,158		56
Commercial real estate		2,691		2,720		477		1,668		75
Residential mortgages		—		—		—		88		—
Consumer		—		—		—		—		—
Total acquired loans	$	2,691	$	2,720	$	477	$	4,330	$	253

December 31, 2014 (in thousands)	Recorded Investment		Unpaid Principal Balance		Related Allowance		Average Recorded Investment		Interest Incsme Recsgnized
Total loans:
With no related allowance recorded:
Commercial non-real estate	$	3,003	$	3,646	$	—	$	1,566	$	51
Construction and land development		3,345		6,486		—		3,451		142
Commercial real estate		8,467		10,575		—		8,772		331
Residential mortgages		—		—		—		176		3
Consumer		—		—		—		—		—
		14,815		20,707		—		13,965		527
With an allowance recorded:
Commercial non-real estate		984		984		14		6,581		221
Construction and land development		4,905		4,906		19		7,697		193
Commercial real estate		6,345		6,374		488		8,857		184
Residential mortgages		2,656		3,311		330		2,204		50
Consumer		6		6		3		1		—
		14,896		15,581		854		25,340		648
Total:
Commercial non-real estate		3,987		4,630		14		8,147		272
Construction and land development		8,250		11,392		19		11,148		335
Commercial real estate		14,812		16,949		488		17,629		515
Residential mortgages		2,656		3,311		330		2,380		53
Consumer		6		6		3		1		—
Total loans	$	29,711	$	36,288	$	854	$	39,305	$	1,175

The following tables present the age analysis of past due loans at March 31, 2015 and December 31, 2014. FDIC acquired and acquired-impaired loans with an accretable yield are considered to be current in the table.

March 31, 2015	30-59 days past due		60-89 days past due		Greater than 90 days past due		Total past due		Current		Total Loans		Recorded investment > 90 days and still accruing
(in thousands)
Originated loans:
Commercial non-real estate	$	4,969	$	3,498	$	8,692	$	17,159	$	5,844,728	$	5,861,887	$	1,114
Construction and land development		4,014		741		4,777		9,532		1,077,917		1,087,449		768
Commercial real estate		2,456		2,549		15,694		20,699		2,471,652		2,492,351		1,831
Residential mortgages		21,365		2,062		7,072		30,499		1,705,534		1,736,033		1,067
Consumer		11,631		1,994		2,992		16,617		1,726,193		1,742,810		879
Total	$	44,435	$	10,844	$	39,227	$	94,506	$	12,826,024	$	12,920,530	$	5,659
Acquired loans:
Commercial non-real estate	$	—	$	—	$	—	$	—	$	118,260	$	118,260	$	—
Construction and land development		—		—		—		—		14,579		14,579		—
Commercial real estate		564		2,579		2,095		5,238		624,737		629,975		213
Residential mortgages		—		—		—		—		2,485		2,485		—
Consumer		—		—		—		—		25		25		—
Total	$	564	$	2,579	$	2,095	$	5,238	$	760,086	$	765,324	$	213
FDIC acquired loans:
Commercial non-real estate	$	—	$	—	$	—	$	—	$	6,937	$	6,937	$	—
Construction and land development		—		—		1,156		1,156		10,326		11,482		—
Commercial real estate		—		—		433		433		27,344		27,777		—
Residential mortgages		—		—		—		—		175,367		175,367		—
Consumer		—		—		—		—		16,969		16,969		—
Total	$	—	$	—	$	1,589	$	1,589	$	236,943	$	238,532	$	—
Total loans:
Commercial non-real estate	$	4,969	$	3,498	$	8,692	$	17,159	$	5,969,925	$	5,987,084	$	1,114
Construction and land development		4,014		741		5,933		10,688		1,102,822		1,113,510		768
Commercial real estate		3,020		5,128		18,222		26,370		3,123,733		3,150,103		2,044
Residential mortgages		21,365		2,062		7,072		30,499		1,883,386		1,913,885		1,067
Consumer		11,631		1,994		2,992		16,617		1,743,187		1,759,804		879
Total	$	44,999	$	13,423	$	42,911	$	101,333	$	13,823,053	$	13,924,386	$	5,872

December 31, 2014	30-59 days past due		60-89 days past due		Greater than 90 days past due		Total past due		Current		Total Loans		Recorded investment > 90 days and still accruing
(in thousands)
Originated loans:
Commercial non-real estate	$	4,380	$	1,742	$	8,560	$	14,682	$	5,903,046	$	5,917,728	$	630
Construction and land development		6,620		1,532		4,453		12,605		1,061,359		1,073,964		142
Commercial real estate		6,527		2,964		13,234		22,725		2,405,470		2,428,195		696
Residential mortgages		14,730		3,261		11,208		29,199		1,675,571		1,704,770		1,199
Consumer		8,422		2,450		4,365		15,237		1,670,305		1,685,542		1,897
Total	$	40,679	$	11,949	$	41,820	$	94,448	$	12,715,751	$	12,810,199	$	4,564
Acquired loans:
Commercial non-real estate	$	—	$	—	$	—	$	—	$	120,137	$	120,137	$	—
Construction and land development		111		—		—		111		21,012		21,123		—
Commercial real estate		3,861		282		1,591		5,734		682,311		688,045		261
Residential mortgages		—		—		—		—		2,378		2,378		—
Consumer		—		—		—		—		985		985		—
Total	$	3,972	$	282	$	1,591	$	5,845	$	826,823	$	832,668	$	261
FDIC acquired loans:
Commercial non-real estate	$	—	$	—	$	—	$	—	$	6,195	$	6,195	$	—
Construction and land development		—		—		1,103		1,103		10,571		11,674		—
Commercial real estate		—		—		433		433		27,375		27,808		—
Residential mortgages		—		272		—		272		186,761		187,033		—
Consumer		1		—		34		35		19,664		19,699		—
Total	$	1	$	272	$	1,570	$	1,843	$	250,566	$	252,409	$	—
Total loans:
Commercial non-real estate	$	4,380	$	1,742	$	8,560	$	14,682	$	6,029,378	$	6,044,060	$	630
Construction and land development		6,731		1,532		5,556		13,819		1,092,942		1,106,761		142
Commercial real estate		10,388		3,246		15,258		28,892		3,115,156		3,144,048		957
Residential mortgages		14,730		3,533		11,208		29,471		1,864,710		1,894,181		1,199
Consumer		8,423		2,450		4,399		15,272		1,690,954		1,706,226		1,897
Total	$	44,652	$	12,503	$	44,981	$	102,136	$	13,793,140	$	13,895,276	$	4,825

The following tables present the credit quality indicators of the Company’s various classes of loans at March 31, 2015 and December 31, 2014.

Commercial Non-Real Estate Credit Exposure

Credit Risk Profile by Internally Assigned Grade

(in thousands)	March 31, 2015								December 31, 2014
	Originated		Acquired		FDIC acquired		Total		Originated		Acquired		FDIC acquired		Total
Grade:
Pass	$	5,438,058	$	109,784	$	2,892	$	5,550,734	$	5,577,827	$	111,847	$	2,027	$	5,691,701
Pass-Watch		235,510		282		995		236,787		174,742		715		1,120		176,577
Special Mention		64,045		367		—		64,412		52,962		350		—		53,312
Substandard		124,219		7,827		3,021		135,067		112,153		7,225		3,017		122,395
Doubtful		40		—		29		69		44		—		31		75
Loss		15		—		—		15		—		—		—		—
Total	$	5,861,887	$	118,260	$	6,937	$	5,987,084	$	5,917,728	$	120,137	$	6,195	$	6,044,060

Construction Credit Exposure

Credit Risk Profile Based on Payment Activity

(in thousands)	March 31, 2015								December 31, 2014
	Originated		Acquired		FDIC acquired		Total		Originated		Acquired		FDIC acquired		Total
Grade:
Pass	$	1,032,054	$	5,225	$	2,750	$	1,040,029	$	1,012,128	$	14,377	$	2,468	$	1,028,973
Pass-Watch		18,493		2,727		534		21,754		21,516		432		532		22,480
Special Mention		9,100		139		315		9,554		7,097		129		319		7,545
Substandard		27,802		6,488		7,883		42,173		33,223		6,185		8,355		47,763
Total	$	1,087,449	$	14,579	$	11,482	$	1,113,510	$	1,073,964	$	21,123	$	11,674	$	1,106,761

Commercial Real Estate Credit Exposure

Credit Risk Profile by Internally Assigned Grade

(in thousands)	March 31, 2015								December 31, 2014
	Originated		Acquired		FDIC acquired		Total		Originated		Acquired		FDIC acquired		Total
Grade:
Pass	$	2,316,577	$	588,942	$	5,869	$	2,911,388	$	2,241,391	$	641,966	$	4,139	$	2,887,496
Pass-Watch		58,743		9,644		2,872		71,259		61,589		11,142		4,547		77,278
Special Mention		14,915		9,531		1,654		26,100		21,543		8,113		1,319		30,975
Substandard		102,097		21,858		17,382		141,337		103,651		26,824		17,803		148,278
Doubtful		19		—		—		19		21		—		—		21
Total	$	2,492,351	$	629,975	$	27,777	$	3,150,103	$	2,428,195	$	688,045	$	27,808	$	3,144,048

Residential Mortgage Credit Exposure

Credit Risk Profile Based on Payment Activity and Accrual Status

(in thousands)	March 31, 2015								December 31, 2014
	Originated		Acquired		FDIC acquired		Total		Originated		Acquired		FDIC acquired		Total
Performing	$	1,712,583	$	2,485	$	175,367	$	1,890,435	$	1,681,868	$	2,378	$	186,641	$	1,870,887
Nonperforming		23,450		—		—		23,450		22,902		—		392		23,294
Total	$	1,736,033	$	2,485	$	175,367	$	1,913,885	$	1,704,770	$	2,378	$	187,033	$	1,894,181

Consumer Credit Exposure

Credit Risk Profile Based on Payment Activity and Accrual Status

(in thousands)	March 31, 2015								December 31, 2014
	Originated		Acquired		FDIC acquired		Total		Originated		Acquired		FDIC acquired		Total
Performing	$	1,736,438	$	25	$	16,969	$	1,753,432	$	1,678,069	$	985	$	19,525	$	1,698,579
Nonperforming		6,372		—		—		6,372		7,473		—		174		7,647
Total	$	1,742,810	$	25	$	16,969	$	1,759,804	$	1,685,542	$	985	$	19,699	$	1,706,226

Loan review uses a risk-focused continuous monitoring program that provides for an independent, objective and timely review of credit risk within the Company. Below are the definitions of the Company’s internally assigned grades:

Commercial:

• Pass - loans properly approved, documented, collateralized, and performing which do not reflect an abnormal credit risk.

• Pass - Watch – credits in this category are of sufficient risk to cause concern. This category is reserved for credits that display negative performance trends. The “Watch” grade should be regarded as a transition category.

• Special Mention – a criticized asset category defined as having potential weaknesses that deserve management’s close attention. If left uncorrected, these potential weaknesses may, at some future date, result in the deterioration of the repayment prospects for the credit or the institution’s credit position. Special mention credits are not considered part of the Classified credit categories and do not expose an institution to sufficient risk to warrant adverse classification.

• Substandard – an asset that is inadequately protected by the current sound worth and paying capacity of the obligor or of the collateral pledged, if any. Assets so classified must have a well-defined weakness or weaknesses that jeopardize the liquidation of the debt. They are characterized by the distinct possibility that the institution will sustain some loss if the deficiencies are not corrected.

• Doubtful – an asset that has all the weaknesses inherent in one classified Substandard with the added characteristic that the weaknesses make collection nor liquidation in full, on the basis of currently existing facts, conditions, and values, highly questionable and improbable.

• Loss – credits classified as Loss are considered uncollectable and are charged off promptly once so classified.

Residential and Consumer:

• Performing – loans on which payments of principal and interest are less than 90 days past due.

• Nonperforming – a nonperforming loan is a loan that is in default or close to being in default and there are good reasons to doubt that payments will be made in full. All loans rated as nonaccrual loans are also classified as nonperforming.

Changes in the carrying amount of acquired-impaired loans and accretable yield are presented in the following table for the three months ended March 31, 2015 and the year ended December 31, 2014:

(in thousands)	March 31, 2015												December 31, 2014
	FDIC acquired						Acquired						FDIC acquired						Acquired
	Carrying Amount of Loans			Accretable Yield			Carrying Amount of Loans			Accretable Yield			Carrying Amount of Loans			Accretable Yield			Carrying Amount of Loans			Accretable Yield
Balance at beginning of period	$	252,409		$	112,788		$	61,276		$	74,668		$	358,666		$	122,715		$	68,075		$	131,370
Payments received, net		(17,483	)		(371	)		(21,396	)		(9,036	)		(125,388	)		(1,071	)		(50,178	)		(32,855	)
Accretion		3,606			(3,606	)		5,365			(5,365	)		19,131			(19,131	)		43,379			(43,379	)
(Decrease) Increase in expected cash flows based on actual cash flows and changes in cash flow assumptions		—			(1,389	)		—			87			—			(1,137	)		—			(203	)
Net transfers from nonaccretable difference to accretable yield		—			150			—			(2,265	)		—			11,412			—			19,735
Balance at end of period	$	238,532		$	107,572		$	45,245		$	58,089		$	252,409		$	112,788		$	61,276		$	74,668

Included in loans are $10.1 million and $13.7 million of consumer loans secured by single family residential mortgage real estate that are in process of foreclosure as of March 31, 2015 and December 31, 2014, respectively. Of these loans, $6.0 million and $8.1 million, respectively, are covered by an FDIC loss share agreement that provides significant protection against losses. Loans in process of foreclosure include those for which formal foreclosure proceedings are in process according to local requirements of the applicable jurisdiction. In addition to the single family residential real estate loans in process of foreclosure, the company also held $12.4 million and $12.7 million of foreclosed single family residential properties in other real estate owned as of March 31, 2015 and December 31, 2014, respectively. Of these foreclosed properties, $7.1 million and $8.2 million as of March 31, 2015 and December 31, 2014, respectively, are also covered by the FDIC loss share agreement.

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Securities (Tables)

3 Months Ended

Mar. 31, 2015

Amortized Cost and Fair Value of Available for Sale Securities

The amortized cost and fair value of securities classified as available for sale and held to maturity follow:

Securities Available for Sale
(in thousands)	March 31, 2015								December 31, 2014
	Amortized Cost		Gross Unrealized Gains		Gross Unrealized Losses		Fair Value		Amortized Cost		Gross Unrealized Gains		Gross Unrealized Losses		Fair Value
US Treasury and government agency securities	$	100,182	$	—	$	766	$	99,416	$	300,207	$	372	$	71	$	300,508
Municipal obligations		12,734		231		—		12,965		13,995		186		5		14,176
Mortgage-backed securities		1,441,474		35,262		1,947		1,474,789		1,217,293		31,094		2,823		1,245,564
CMOs		232,545		378		811		232,112		88,093		—		1,229		86,864
Corporate debt securities		3,500		—		—		3,500		3,500		—		—		3,500
Equity securities		2,512		322		8		2,826		8,673		891		11		9,553
	$	1,792,947	$	36,193	$	3,532	$	1,825,608	$	1,631,761	$	32,543	$	4,139	$	1,660,165

Amortized Cost and Fair Value of Held to Maturity Securities

Securities Held to Maturity
(in thousands)	March 31, 2015								December 31, 2014
	Amortized Cost		Gross Unrealized Gains		Gross Unrealized Losses		Fair Value		Amortized Cost		Gross Unrealized Gains		Gross Unrealized Losse		Fair Value
US Treasury and government agency securities	$	200,000	$	99	$	149		199,950	$	—	$	—	$	—	$	—
Municipal obligations		183,206		4,003		634		186,575		180,615		3,416		1,144		182,887
Mortgage-backed securities		873,729		28,061		—		901,790		899,923		23,897		162		923,658
CMOs		1,025,361		8,443		6,001		1,027,803		1,085,751		5,590		11,546		1,079,795
	$	2,282,296	$	40,606	$	6,784	$	2,316,118	$	2,166,289	$	32,903	$	12,852	$	2,186,340

Available for Sale Securities Unrealized Losses

The details for securities classified as available for sale with unrealized losses for the periods indicated follow:

March 31, 2015	Losses < 12 months				Losses 12 months or >				Total
(in thousands)	Fair Value		Gross Unrealized Losses		Fair Value		Gross Unrealized Losses		Fair Value		Unrealized Gross Losses
US Treasury and government agency securities	$	99,249	$	765	$	106	$	1	$	99,355	$	766
Mortgage-backed securities		23,484		152		124,102		1,795		147,586		1,947
CMOs		104,199		105		37,979		706		142,178		811
Equity securities		1,848		6		2		2		1,850		8
	$	228,780	$	1,028	$	162,189	$	2,504	$	390,969	$	3,532

December 31, 2014	Losses < 12 months				Losses 12 months or >				Total
(in thousands)	Fair Value		Gross Unrealized Losses		Fair Value		Gross Unrealized Losses		Fair Value		Gross Unrealized Losses
US Treasury and government agency securities	$	99,950	$	70	$	121	$	1	$	100,071	$	71
Municipal obligations		2,995		5		—		—		2,995		5
Mortgage-backed securities		38,955		163		125,641		2,660		164,596		2,823
CMOs		—		—		86,864		1,229		86,864		1,229
Equity securities		5,998		10		3		1		6,001		11
	$	147,898	$	248	$	212,629	$	3,891	$	360,527	$	4,139

Held to Maturity with Unrealized Losses

The details for securities classified as held to maturity with unrealized losses for the periods indicated follow:

Held to maturity March 31, 2015	Losses < 12 months				Losses 12 months or >				Total
(in thousands)	Fair Value		Gross Unrealized Losses		Fair Value		Gross Unrealized Losses		Fair Value		Gross Unrealized Losses
US Treasury and government agency securities	$	99,851	$	149	$	—	$	—	$	99,851	$	149
Municipal obligations		8,757		17		49,110		617		57,867		634
CMOs		84,621		429		387,944		5,572		472,565		6,001
	$	193,229	$	595	$	437,054	$	6,189	$	630,283	$	6,784

Held to maturity December 31, 2014	Losses < 12 months				Losses 12 months or >				Total
(in thousands)	Fair Value		Gross Unrealized Losses		Fair Value		Gross Unrealized Losses		Fair Value		Gross Unrealized Losses
Municipal obligations	$	4,316	$	12	$	58,105	$	1,132	$	62,421	$	1,144
Mortgage-backed securities		—		—		95,522		162		95,522		162
CMOs		119,222		616		540,607		10,930		659,829		11,546
	$	123,538	$	628	$	694,234	$	12,224	$	817,772	$	12,852

Available for Sale Securities [Member]

Amortized Cost and Fair Value of Available for Sale Securities by Final Contractual Maturity

The following table presents the amortized cost and fair value of debt securities at March 31, 2015 by contractual maturity. Actual maturities will differ from contractual maturities because of rights to call or repay obligations with or without penalties and scheduled and unscheduled principal payments on mortgage-backed securities and CMOs.

(in thousands)	Amortized Cost		Fair Value
Debt Securities Available for Sale
Due in one year or less	$	105,262	$	104,516
Due after one year through five years		136,962		138,138
Due after five years through ten years		232,151		240,235
Due after ten years		1,316,060		1,339,893
Total available for sale debt securities	$	1,790,435	$	1,822,782

Held to Maturity Securities Transferred from AFS [Member]

Amortized Cost and Fair Value of Available for Sale Securities by Final Contractual Maturity

	Amortized Cost		Fair Value
Debt Securities Held to Maturity
Due in one year or less	$	425,253	$	427,208
Due after one year through five years		387,765		386,448
Due after five years through ten years		108,198		108,110
Due after ten years		1,361,080		1,394,352
Total held to maturity securities	$	2,282,296	$	2,316,118

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Other Noninterest Income

3 Months Ended

Mar. 31, 2015

Equity [Abstract]

Other Noninterest Income

11. Other Noninterest Income

Components of other noninterest income are as follows:

	Three Months Ended March 31,
(in thousands)	2015			2014
Income from bank owned life insurance	$	2,666		$	2,314
Credit related fees		2,457			2,732
(Loss) income from derivatives		(52	)		759
Net gain on sale of assets		7			1,682
Safety deposit box income		486			513
Other miscellaneous		2,680			2,427
Total other noninterest income	$	8,244		$	10,427

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Stockholders' Equity

3 Months Ended

Mar. 31, 2015

Equity [Abstract]

Stockholders' Equity

7. Stockholders’ Equity

Stock Repurchase Program

In March 2015, the Company completed the stock repurchase program approved by the Company’s board of directors on July 16, 2014 which authorized the repurchase of up to 5%, or approximately 4 million shares, of its outstanding common stock. The approved plan allowed the Company to repurchase its common shares either in the open market in compliance with Rule 10b-18 promulgated under the Securities Exchange Act of 1934, as amended, or in privately negotiated transactions with non-affiliated sellers or as otherwise determined by the Company. Under this plan, the Company repurchased a total of 4.1 million shares of our common stock at an average price of $30.02 per share.

Accumulated Other Comprehensive Income (Loss)

Accumulated other comprehensive income (loss) (“AOCI”) is reported as a component of stockholders’ equity. AOCI can include, among other items, unrealized holding gains and losses on securities available for sale (“AFS”), gains and losses associated with pension or other post retirement benefits that are not recognized immediately as a component of net periodic benefit cost, and gains and losses on derivative instruments that are designated as, and qualify as, cash flow hedges. Net unrealized gains/losses on AFS securities reclassified as securities held to maturity (“HTM”) also continue to be reported as a component of AOCI and will be amortized over the estimated remaining life of the securities as an adjustment to interest income. The components of AOCI are reported net of related tax effects.

The components of AOCI and changes in those components are presented in the following table:

(in thousands)	Available for Sale Securities			HTM Securities Transferred from AFS			Employee Benefit Plans			Loss on Effective Cash Flow Hedges			Total
Balance, December 31, 2013	$	8,263		$	(21,189	)	$	(22,453	)	$	—		$	(35,379	)
Other comprehensive income before income taxes:
Net change in unrealized (loss) gain		4,514			—			—			—			4,514
Reclassification of net losses realized and included in earnings		—			—			53			—			53
Amortization of unrealized net loss on securities transferred to HTM		—			665			—			—			665
Income tax expense		1,598			225			19			—			1,842
Balance, March 31, 2014	$	11,179		$	(20,749	)	$	(22,419	)	$	—		$	(31,989	)
Balance, December 31, 2014	$	18,001		$	(19,074	)	$	(48,626	)	$	(375	)	$	(50,074	)
Other comprehensive income before income taxes:
Net change in unrealized gain		4,421			—			—			992			5,413
Reclassification of net losses realized and included in earnings		(165	)		—			770			—			605
Amortization of unrealized net loss on securities transferred to HTM		—			647			—			—			647
Income tax expense		1,481			238			280			361			2,360
Balance, March 31, 2015	$	20,776		$	(18,665	)	$	(48,136	)	$	256		$	(45,769	)

The following table shows the line item affected by amounts reclassified from accumulated other comprehensive income:

Amount reclassified from AOCI (in thousands)	Three Months Ended March 31,				Increase (decrease) in affected line item on the income statement
	2015		2014
Gain on sale of AFS securities	$	165	$	—	Securities gains (losses)
Tax effect		58		—	Income taxes
Net of tax		107		—	Net income
Amortization/accretion of unrealized net gain/(loss) on securities transferred to HTM	$	647	$	665	Interest income
Tax effect		238		225	Income taxes
Net of tax		409		440	Net income
Amortization of defined benefit pension and post-retirement items	$	770	$	53	(a) Employee benefits expense
Tax effect		280		19	Income taxes
Net of tax		490		34	Net income
Total reclassifications, net of tax	$	1,006	$	474	Net income

(a) These accumulated other comprehensive income components are included in the computation of net periodic pension and post-retirement cost that is reported with employee benefits expense (see Note 10 for additional details).

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Fair Value - Schedule of Estimated Fair Values of Financial Instruments (Detail) (USD $) In Thousands, unless otherwise specified	Mar. 31, 2015	Dec. 31, 2014
Available for sale securities	$ 1,825,608	$ 1,660,165
Held to maturity securities	2,282,296	2,166,289
Loans, net	13,796,000	13,766,514
Loans held for sale	19,950	20,252
Derivative financial instruments	28,562	19,432
Deposits	16,860,485	16,572,831
Long-term debt	516,007	374,371
Derivative financial instruments	29,379	20,860
Level 1 [Member]
Cash, interest-bearing bank deposits, and federal funds sold	849,533	1,159,403
Available for sale securities	2,826	9,553
Federal funds purchased	11,175	12,000
Securities sold under agreements to repurchase	544,075	624,573
FHLB borrowings	200,000	515,000
Level 2 [Member]
Available for sale securities	1,822,782	1,650,612
Held to maturity securities	2,316,118	2,186,340
Loans, net	33,818	30,204
Loans held for sale	19,950	20,252
Derivative financial instruments	28,562	19,432
Long-term debt	508,095	346,379
Derivative financial instruments	29,379	20,860
Level 3 [Member]
Loans, net	13,833,218	13,672,427
Deposits	16,430,295	16,398,878
Total Fair Value [Member]
Cash, interest-bearing bank deposits, and federal funds sold	849,533	1,159,403
Available for sale securities	1,825,608	1,660,165
Held to maturity securities	2,316,118	2,186,340
Loans, net	13,867,036	13,702,631
Loans held for sale	19,950	20,252
Derivative financial instruments	28,562	19,432
Deposits	16,430,295	16,398,878
Federal funds purchased	11,175	12,000
Securities sold under agreements to repurchase	544,075	624,573
FHLB borrowings	200,000
Long-term debt	508,095	346,379
Derivative financial instruments	29,379	20,860
Carrying Amount [Member]
Cash, interest-bearing bank deposits, and federal funds sold	849,533	1,159,403
Available for sale securities	1,825,608	1,660,165
Held to maturity securities	2,282,296	2,166,289
Loans, net	13,796,000	13,766,514
Loans held for sale	19,950	20,252
Derivative financial instruments	28,562	19,432
Deposits	16,860,485	16,572,831
Federal funds purchased	11,175	12,000
Securities sold under agreements to repurchase	544,075	624,573
FHLB borrowings	200,000	515,000
Long-term debt	516,007	374,371
Derivative financial instruments	$ 29,379	$ 20,860

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Fair Value

3 Months Ended

Mar. 31, 2015

Fair Value Disclosures [Abstract]

Fair Value

5. Fair Value

The Financial Accounting Standards Board (“FASB”) defines fair value as the exchange price that would be received to sell an asset or paid to transfer a liability in the principal or most advantageous market for the asset or liability in an orderly transaction between market participants on the measurement date. The FASB’s guidance also established a fair value hierarchy that prioritizes the inputs to these valuation techniques used to measure fair value, giving preference to quoted prices in active markets for identical assets or liabilities (“level 1”) and the lowest priority to unobservable inputs such as a reporting entity’s own data (“level 3”). Level 2 inputs include quoted prices for similar assets or liabilities in active markets, quoted prices for identical assets or liabilities in markets that are not active, observable inputs other than quoted prices, such as interest rates and yield curves, and inputs that are derived principally from or corroborated by observable market data by correlation or other means.

Fair Value of Assets and Liabilities Measured on a Recurring Basis

The following tables present for each of the fair value hierarchy levels the Company’s assets and liabilities that are measured at fair value on a recurring basis in the consolidated balance sheets.

	March 31, 2015
(in thousands)	Level 1		Level 2		Total
Assets
Available for sale debt securities:
U.S. Treasury and government agency securities	$	—	$	99,416	$	99,416
Municipal obligations		—		12,965		12,965
Corporate debt securities		—		3,500		3,500
Mortgage-backed securities		—		1,474,789		1,474,789
Collateralized mortgage obligations		—		232,112		232,112
Equity securities		2,826		—		2,826
Total available for sale securities		2,826		1,822,782		1,825,608
Derivative assets (1)		—		28,562		28,562
Total recurring fair value measurements - assets	$	2,826	$	1,851,344	$	1,854,170
Liabilities
Derivative liabilities (1)	$	—	$	29,379	$	29,379
Total recurring fair value measurements - liabilities	$	—	$	29,379	$	29,379

(1) For further disaggregation of derivative assets and liabilities, see Note 6 - Derivatives.

	December 31, 2014
(in thousands)	Level 1		Level 2		Total
Assets
Available for sale debt securities:
U.S. Treasury and government agency securities	$	—	$	300,508	$	300,508
Municipal obligations		—		14,176		14,176
Corporate debt securities		—		3,500		3,500
Mortgage-backed securities		—		1,245,564		1,245,564
Collateralized mortgage obligations		—		86,864		86,864
Equity securities		9,553		—		9,553
Total available for sale securities		9,553		1,650,612		1,660,165
Derivative assets (1)		—		19,432		19,432
Total recurring fair value measurements - assets	$	9,553	$	1,670,044	$	1,679,597
Liabilities
Derivative liabilities (1)	$	—	$	20,860	$	20,860
Total recurring fair value measurements - liabilities	$	—	$	20,860	$	20,860

(1) For further disaggregation of derivative assets and liabilities, see Note 6 - Derivatives.

Securities classified as level 1 within the valuation hierarchy include U.S. Treasury securities and certain other debt and equity securities. Level 2 classified securities include U.S. Treasury securities, obligations of the U.S. Government-sponsored agencies, residential mortgage-backed securities and collateralized mortgage obligations that are issued or guaranteed by U.S. government agencies, and state and municipal bonds. The level 2 fair value measurements for investment securities are obtained quarterly from a third-party pricing service that uses industry-standard pricing models. Substantially all of the model inputs are observable in the marketplace or can be supported by observable data.

The Company invests only in high quality securities of investment grade quality with a targeted duration, for the overall portfolio, generally between two and five. Company policies generally limit investments to agency securities and municipal securities determined to be investment grade according to an internally generated score which generally includes a rating of not less than “Baa” or its equivalent by a nationally recognized statistical rating agency. There were no transfers between valuation hierarchy levels during the periods shown.

The fair value of derivative financial instruments, which are predominantly customer interest rate swaps, is obtained from a third-party pricing service that uses an industry-standard discounted cash flow model that relies on inputs, LIBOR swap curves and Overnight Index swap rate curves, observable in the marketplace. To comply with the accounting guidance, credit valuation adjustments are incorporated in the fair values to appropriately reflect nonperformance risk for both the Company and the counterparties. Although the Company has determined that the majority of the inputs used to value the derivative instruments fall within level 2 of the fair value hierarchy, the credit value adjustments utilize level 3 inputs, such as estimates of current credit spreads. The Company has determined that the impact of the credit valuation adjustments is not significant to the overall valuation of these derivatives. As a result, the Company has classified its derivative valuations in their entirety in level 2 of the fair value hierarchy. The Company’s policy is to measure counterparty credit risk quarterly for all derivative instruments, including those subject to master netting arrangements consistent with how market participants would price the net risk exposure at the measurement date.

The Company also has certain derivative instruments associated with the Bank’s mortgage-banking activities. These derivative instruments include interest rate lock commitments on prospective residential mortgage loans and forward commitments to sell these loans to investors on a best efforts delivery basis. The fair value of these derivative instruments is measured using observable market prices for similar instruments and is classified as a level 2 measurement.

Fair Value of Assets Measured on a Nonrecurring Basis

Certain assets and liabilities are measured at fair value on a nonrecurring basis. Collateral-dependent impaired loans are level 2 assets measured at the fair value of the underlying collateral based on independent third-party appraisals that take into consideration market-based information such as recent sales activity for similar assets in the property’s market.

Other real estate owned, including both foreclosed property and surplus banking property, are level 3 assets that are adjusted to fair value, less estimated selling costs, upon transfer to other real estate owned. Subsequently, other real estate owned is carried at the lower of carrying value or fair value less estimated selling costs. Fair values are determined by sales agreement or third-party appraisals as discounted for estimated selling costs, information from comparable sales, and marketability of the property.

The following tables present the Company’s financial assets that are measured at fair value on a nonrecurring basis for each of the fair value hierarchy levels.

	March 31, 2015
(in thousands)	Level 1		Level 2		Level 3		Total
Collateral-dependent impaired loans	$	—	$	33,818	$	—	$	33,818
Other real estate owned		—		—		18,414		18,414
Total nonrecurring fair value measurements	$	—	$	33,818	$	18,414	$	52,232

	December 31, 2014
(in thousands)	Level 1		Level 2		Level 3		Total
Collateral-dependent impaired loans	$	—	$	30,204	$	—	$	30,204
Other real estate owned		—		—		29,715		29,715
Total nonrecurring fair value measurements	$	—	$	30,204	$	29,715	$	59,919

Accounting guidance from the FASB requires the disclosure of estimated fair value information about certain on- and off-balance sheet financial instruments, including those financial instruments that are not measured and reported at fair value on a recurring basis. The significant methods and assumptions used by the Company to estimate the fair value of financial instruments are discussed below.

Cash, Short-Term Investments and Federal Funds Sold - For these short-term instruments, the carrying amount is a reasonable estimate of fair value.

Securities – The fair value measurement for securities available for sale was discussed earlier in the note. The same measurement techniques were applied to the valuation of securities held to maturity.

Loans, Net – The fair value measurement for certain impaired loans was discussed earlier in the note. For the remaining portfolio, fair values were generally determined by discounting scheduled cash flows using discount rates determined with reference to current market rates at which loans with similar terms would be made to borrowers of similar credit quality.

Loans Held for Sale – These loans are recorded at fair value and carried at the lower of cost or market. The carrying amount is considered a reasonable estimate of fair value.

Deposits – The accounting guidance requires that the fair value of deposits with no stated maturity, such as noninterest-bearing demand deposits, interest-bearing checking and savings accounts, be assigned fair values equal to amounts payable upon demand (“carrying amounts”). The fair value of fixed-maturity certificates of deposit is estimated using the rates currently offered for deposits of similar remaining maturities.

Securities Sold under Agreements to Repurchase, Federal Funds Purchased, and FHLB Borrowings – For these short-term liabilities, the carrying amount is a reasonable estimate of fair value.

Long-Term Debt – The fair value is estimated by discounting the future contractual cash flows using current market rates at which debt with similar terms could be obtained.

Derivative Financial Instruments – The fair value measurement for derivative financial instruments was discussed earlier in the note.

The following tables present the estimated fair values of the Company’s financial instruments by fair value hierarchy levels and the corresponding carrying amount at March 31, 2015 and December 31, 2014:

	March 31, 2015
(in thousands)	Level 1		Level 2		Level 3		Total Fair Value		Carrying Amount
Financial assets:
Cash, interest-bearing bank deposits, and federal funds sold	$	849,533	$	—	$	—	$	849,533	$	849,533
Available for sale securities		2,826		1,822,782		—		1,825,608		1,825,608
Held to maturity securities		—		2,316,118		—		2,316,118		2,282,296
Loans, net		—		33,818		13,833,218		13,867,036		13,796,000
Loans held for sale		—		19,950		—		19,950		19,950
Derivative financial instruments		—		28,562		—		28,562		28,562
Financial liabilities:
Deposits	$	—	$	—	$	16,430,295	$	16,430,295	$	16,860,485
Federal funds purchased		11,175		—		—		11,175		11,175
Securities sold under agreements to repurchase		544,075		—		—		544,075		544,075
FHLB borrowings		200,000		—		—		200,000		200,000
Long-term debt		—		508,095		—		508,095		516,007
Derivative financial instruments		—		29,379		—		29,379		29,379

	December 31, 2014
(in thousands)	Level 1		Level 2		Level 3		Total Fair Value		Carrying Amount
Financial assets:
Cash, interest-bearing bankdeposits, and federal funds sold	$	1,159,403	$	—	$	—	$	1,159,403	$	1,159,403
Available for sale securities		9,553		1,650,612		—		1,660,165		1,660,165
Held to maturity securities		—		2,186,340		—		2,186,340		2,166,289
Loans, net		—		30,204		13,672,427		13,702,631		13,766,514
Loans held for sale		—		20,252		—		20,252		20,252
Derivative financial instruments		—		19,432		—		19,432		19,432
Financial liabilities:
Deposits	$	—	$	—	$	16,398,878	$	16,398,878	$	16,572,831
Federal funds purchased		12,000		—		—		12,000		12,000
Securities sold under agreements to repurchase		624,573		—		—		624,573		624,573
FHLB borrowings		515,000		—		—		—		515,000
Long-term debt		—		346,379		—		346,379		374,371
Derivative financial instruments		—		20,860		—		20,860		20,860

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Derivatives

3 Months Ended

Mar. 31, 2015

Derivative Instruments and Hedging Activities Disclosure [Abstract]

Derivatives

6. Derivatives

Risk Management Objective of Using Derivatives

The Company enters into derivative financial instruments to manage risks related to differences in the amount, timing, and duration of the Company’s known or expected cash receipts and its known or expected cash payments, currently related to our variable rate borrowing. The Bank has also entered into interest rate derivative agreements as a service to certain qualifying customers. The Bank manages a matched book with respect to these customer derivatives in order to minimize their net risk exposure resulting from such agreements. The Bank also enters into risk participation agreements under which they may either sell or buy credit risk associated with a customer’s performance under certain interest rate derivative contracts related to loans in which participation interests have been sold to or purchased from other banks.

Fair Values of Derivative Instruments on the Balance Sheet

The table below presents the notional amounts and fair values of the Company’s derivative financial instruments as well as their classification on the consolidated balance sheets as of March 31, 2015 and December 31, 2014.

						Fair Values (1)
	Type of Hedge	Notional Amounts				Assets				Liabilities
(in thousands)		March 31, 2015		December 31, 2014		March 31, 2015		December 31, 2014		March 31, 2015		December 31, 2014
Derivatives designated as hedging instruments:
Interest rate swaps	Cash Flow	$	300,000	$	300,000	$	399	$	—	$	—	$	592
		$	300,000	$	300,000	$	399	$	—	$	—	$	592
Derivatives not designated as hedging instruments:
Interest rate swaps (2)	N/A	$	754,970	$	747,754	$	22,914	$	17,806	$	23,830	$	18,419
Risk participation agreements	N/A		79,887		80,438		127		125		241		208
Forward commitments to sell residential mortgage loans	N/A		70,421		52,238		55		80		764		250
Interest rate-lock commitments on residential mortgage loans	N/A		51,986		33,068		577		111		25		44
Foreign exchange forward contracts	N/A		68,756		89,432		4,490		1,310		4,519		1,347
		$	1,026,020	$	1,002,930	$	28,163	$	19,432	$	29,379	$	20,268

(1) Derivative assets and liabilities are reported with other assets or other liabilities, respectively, in the consolidated balance sheets.

(2) The notional amount represents both the customer accommodation agreements and offsetting agreements with unrelated financial institutions.

Cash Flow Hedges of Interest Rate Risk

The Company is party to an interest rate swap agreement with a notional amount of $300 million under which the Company received interest at a fixed rate and paid at a variable rate. The derivative instrument represented by this swap agreement was designated as and qualifies as a cash flow hedge of the Company’s forecasted variable cash flows for a pool of variable rate loans. The swap agreement expires in January, 2017.

During the term of the swap agreement, the effective portion of changes in the fair value of the derivative instrument is recorded in accumulated other comprehensive income (“AOCI”) and subsequently reclassified into earnings in the periods that the hedged forecasted variable-rate interest payments affects earnings. The impact on AOCI was insignificant in the first quarter of 2015. There was no ineffective portion of the change in fair value of the derivative recognized directly in earnings.

Derivatives Not Designated as Hedges

Customer interest rate derivative program

The Bank enters into interest rate derivative agreements, primarily rate swaps, with commercial banking customers to facilitate their risk management strategies. The Bank enters into offsetting agreements with unrelated financial institutions, thereby mitigating its net risk exposure resulting from such transactions. Because the interest rate derivatives associated with this program do not meet hedge accounting requirements, changes in the fair value of both the customer derivatives and the offsetting derivatives are recognized directly in earnings.

Risk participation agreements

The Bank also enters into risk participation agreements under which it may either assume or sell credit risk associated with a borrower’s performance under certain interest rate derivative contracts. In those instances where the Bank has assumed credit risk, it is not a direct counterparty to the derivative contract with the borrower and has entered into the risk participation agreement because it is a party to the related loan agreement with the borrower. In those instances in which the Bank has sold credit risk, it is the sole counterparty to the derivative contract with the borrower and has entered into the risk participation agreement because other banks participate in the related loan agreement. The Bank manages their credit risk under risk participation agreements by monitoring the creditworthiness of the borrower, based on its normal credit review process.

Mortgage banking derivatives

The Bank also enters into certain derivative agreements as part of its mortgage banking activities. These agreements include interest rate lock commitments on prospective residential mortgage loans and forward commitments to sell these loans to investors on a best efforts delivery basis.

Customer foreign exchange forward contract derivatives

The Bank enters into foreign exchange forward derivative agreements, primarily forward currency contracts, with commercial banking customers to facilitate its risk management strategies. The Bank manages its risk exposure from such transactions by entering into offsetting agreements with unrelated financial institutions. Because the foreign exchange forward contract derivatives associated with this program do not meet hedge accounting requirements, changes in the fair value of both the customer derivatives and the offsetting derivatives are recognized directly in earnings.

Effect of Derivative Instruments on the Income Statement

The effect of the Company’s derivative financial instruments on the income statement was immaterial for the three-month periods ended March 31, 2015 and 2014.

Credit risk-related Contingent Features

Certain of the Bank’s derivative instruments contain provisions allowing the financial institution counterparty to terminate the contracts in certain circumstances, such as the downgrade of the Bank’s credit ratings below specified levels, a default by the Bank on its indebtedness, or the failure of the Bank to maintain specified minimum regulatory capital ratios or its regulatory status as a well-capitalized institution. These derivative agreements also contain provisions regarding the posting of collateral by each party. As of March 31, 2015, the aggregate fair value of derivative instruments with credit risk-related contingent features that were in a net liability position was $9.6 million, for which the Bank had posted collateral of $27.3 million.

Offsetting Assets and Liabilities

Offsetting information in regards to derivative assets and liabilities subject to master netting agreements at March 31, 2015 and December 31, 2014 is presented in the following tables:

	Gross Amounts Recognized		Gross Amounts Offset in the Statement of Financial Position		Net Amounts Presented in the Statement of Financial Position		Gross Amounts Not Offset in the Statement of Financial Position
(in thousands)							Financial Instruments		Cash Collateral		Net Amount
As of March 31, 2015
Derivative Assets	$	23,041	$	—	$	23,041	$	189	$	—	$	22,852
Total	$	23,041	$	—	$	23,041	$	189	$	—	$	22,852
Derivative Liabilities	$	24,071	$	—	$	24,071	$	189	$	27,118	$	(3,236	)
Total	$	24,071	$	—	$	24,071	$	189	$	27,118	$	(3,236	)
As of December 31, 2014
Derivative Assets	$	17,931	$	—	$	17,931	$	936	$	—	$	16,995
Total	$	17,931	$	—	$	17,931	$	936	$	—	$	16,995
Derivative Liabilities	$	18,627	$	—	$	18,627	$	936	$	17,343	$	348
Total	$	18,627	$	—	$	18,627	$	936	$	17,343	$	348

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Earnings Per Share

3 Months Ended

Mar. 31, 2015

Earnings Per Share [Abstract]

Earnings Per Share

8. Earnings Per Share

Hancock calculates earnings per share using the two-class method. The two-class method allocates net income to each class of common stock and participating security according to common dividends declared and participation rights in undistributed earnings. Participating securities consist of unvested stock-based payment awards that contain nonforfeitable rights to dividends or dividend equivalents.

A summary of the information used in the computation of earnings per common share follows:

	Three Months Ended March 31,
(in thousands, except per share data)	2015		2014
Numerator:
Net income to common shareholders	$	40,159	$	49,115
Net income allocated to participating securities - basic and diluted		935		1,081
Net income allocated to common shareholders - basic and diluted	$	39,224	$	48,034
Denominator:
Weighted-average common shares - basic		79,496		82,277
Dilutive potential common shares		165		257
Weighted-average common shares - diluted		79,661		82,534
Earnings per common share:
Basic	$	0.49	$	0.58
Diluted	$	0.49	$	0.58

Potential common shares consist of employee and director stock options. These potential common shares do not enter into the calculation of diluted earnings per share if the impact would be anti-dilutive, i.e., increase earnings per share or reduce a loss per share. Weighted-average anti-dilutive potential common shares totaled 862,402 and 689,958, respectively, for the three months ended March 31, 2015 and March 31, 2014.

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Stockholders' Equity - Additional Information (Detail) (USD $)	0 Months Ended
	Jul. 16, 2014	Jul. 16, 2014
Stockholders' Equity Note [Abstract]
Shares authorized for repurchase	5.00%
Number of shares authorized for repurchase		4,000,000
Repurchased common stock shares	4,100,000
Shares repurchased, price per share	$ 30.02

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Stockholders' Equity - Summary of Line Item Affected by Amounts Reclassified from Accumulated Other Comprehensive Income (Detail) (USD $) In Thousands, unless otherwise specified	3 Months Ended
	Mar. 31, 2015	Mar. 31, 2014
Reclassification Adjustment out of Accumulated Other Comprehensive Income [Line Items]
Tax effect	$ 14,876	$ 18,201
Amount reclassified from accumulated other comprehensive income [Member]
Reclassification Adjustment out of Accumulated Other Comprehensive Income [Line Items]
Net of tax	1,006	474
Amount reclassified from accumulated other comprehensive income [Member] | Gains and Losses on Sale of AFS Securities [Member]
Reclassification Adjustment out of Accumulated Other Comprehensive Income [Line Items]
Gain on sale of AFS securities	165
Tax effect	58
Net of tax	107
Amount reclassified from accumulated other comprehensive income [Member] | Unrealized Gains And Losses On Securities Available For Sale Transferred To Held To Maturity [Member]
Reclassification Adjustment out of Accumulated Other Comprehensive Income [Line Items]
Amortization/accretion of unrealized net gain/(loss) on securities transferred to HTM	647	665
Tax effect	238	225
Net of tax	409	440
Amount reclassified from accumulated other comprehensive income [Member] | Amortization of Defined Benefit Pension and Post-Retirement Items [Member]
Reclassification Adjustment out of Accumulated Other Comprehensive Income [Line Items]
Amortization of defined benefit pension and post-retirement items	770	53
Tax effect	280	19
Net of tax	$ 490	$ 34

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Derivatives - Offsetting Derivative Assets and Liabilities (Detail) (USD $) In Thousands, unless otherwise specified	Mar. 31, 2015	Dec. 31, 2014
Derivative Instruments and Hedging Activities Disclosure [Abstract]
Gross Amounts Recognized, Derivative Liabilities	$ 24,071	$ 18,627
Gross Amounts Offset in the Statement of Financial Position, Derivative Liabilities	0	0
Net Amounts Presented in the Statement of Financial Position, Derivative Liabilities	24,071	18,627
Gross Amounts Not Offset in the Statement of Financial Position - Financial Instruments, Derivative Liabilities	189	936
Gross Amounts Not offset in the Statement of Financial Position -Cash Collateral, Derivative Liabilities	27,118	17,343
Net Amount, Derivative Liabilities	(3,236)	348
Gross Amounts Recognized, Derivative Assets	23,041	17,931
Gross Amounts Offset in the Statement of Financial Position, Derivative Assets	0	0
Net Amounts Presented in the Statement of Financial Position, Derivative Assets	23,041	17,931
Gross Amounts Not Offset in the Statement of Financial Position - Financial Instruments, Derivative Assets	189	936
Gross Amounts Not offset in the Statement of Financial Position -Cash Collateral, Derivative Assets	0	0
Net Amount, Derivative Assets	$ 22,852	$ 16,995

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Securities - Amortized Cost and Fair Value of Available for Sale Securities (Detail) (USD $) In Thousands, unless otherwise specified	Mar. 31, 2015	Dec. 31, 2014
Schedule of Available-for-sale Securities [Line Items]
Securities available for sale, amortized cost	$ 1,792,947	$ 1,631,761
Securities available for sale, Gross Unrealized Gains	36,193	32,543
Securities available for sale, Gross Unrealized Losses	3,532	4,139
Securities Available for Sale, Fair Value	1,825,608	1,660,165
U.S. Treasury and Government Agency Securities [Member]
Schedule of Available-for-sale Securities [Line Items]
Securities available for sale, amortized cost	100,182	300,207
Securities available for sale, Gross Unrealized Gains		372
Securities available for sale, Gross Unrealized Losses	766	71
Securities Available for Sale, Fair Value	99,416	300,508
Municipal Obligations [Member]
Schedule of Available-for-sale Securities [Line Items]
Securities available for sale, amortized cost	12,734	13,995
Securities available for sale, Gross Unrealized Gains	231	186
Securities available for sale, Gross Unrealized Losses		5
Securities Available for Sale, Fair Value	12,965	14,176
Corporate Debt Securities [Member]
Schedule of Available-for-sale Securities [Line Items]
Securities available for sale, amortized cost	3,500	3,500
Securities Available for Sale, Fair Value	3,500	3,500
Equity Securities [Member]
Schedule of Available-for-sale Securities [Line Items]
Securities available for sale, amortized cost	2,512	8,673
Securities available for sale, Gross Unrealized Gains	322	891
Securities available for sale, Gross Unrealized Losses	8	11
Securities Available for Sale, Fair Value	2,826	9,553
Mortgage-Backed Securities [Member]
Schedule of Available-for-sale Securities [Line Items]
Securities available for sale, amortized cost	1,441,474	1,217,293
Securities available for sale, Gross Unrealized Gains	35,262	31,094
Securities available for sale, Gross Unrealized Losses	1,947	2,823
Securities Available for Sale, Fair Value	1,474,789	1,245,564
Collateralized Mortgage Obligations [Member]
Schedule of Available-for-sale Securities [Line Items]
Securities available for sale, amortized cost	232,545	88,093
Securities available for sale, Gross Unrealized Gains	378
Securities available for sale, Gross Unrealized Losses	811	1,229
Securities Available for Sale, Fair Value	$ 232,112	$ 86,864

XML

Loans and Allowance for Loan Losses - Schedule of Credit Quality Indicators of Various Classes of Loans - Credit Risk Profile Based on Payment Activity (Detail) (Construction Credit Exposure [Member], USD $) In Thousands, unless otherwise specified	Mar. 31, 2015	Dec. 31, 2014
Accounts, Notes, Loans and Financing Receivable [Line Items]
Credit risk profile based on payment activity	$ 1,113,510	$ 1,106,761
Originated Loans [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Credit risk profile based on payment activity	1,087,449	1,073,964
Acquired Loans [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Credit risk profile based on payment activity	14,579	21,123
FDIC Acquired Loans [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Credit risk profile based on payment activity	11,482	11,674
Pass [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Credit risk profile based on payment activity	1,040,029	1,028,973
Pass [Member] | Originated Loans [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Credit risk profile based on payment activity	1,032,054	1,012,128
Pass [Member] | Acquired Loans [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Credit risk profile based on payment activity	5,225	14,377
Pass [Member] | FDIC Acquired Loans [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Credit risk profile based on payment activity	2,750	2,468
Pass-Watch [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Credit risk profile based on payment activity	21,754	22,480
Pass-Watch [Member] | Originated Loans [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Credit risk profile based on payment activity	18,493	21,516
Pass-Watch [Member] | Acquired Loans [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Credit risk profile based on payment activity	2,727	432
Pass-Watch [Member] | FDIC Acquired Loans [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Credit risk profile based on payment activity	534	532
Special Mention [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Credit risk profile based on payment activity	9,554	7,545
Special Mention [Member] | Originated Loans [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Credit risk profile based on payment activity	9,100	7,097
Special Mention [Member] | Acquired Loans [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Credit risk profile based on payment activity	139	129
Special Mention [Member] | FDIC Acquired Loans [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Credit risk profile based on payment activity	315	319
Substandard [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Credit risk profile based on payment activity	42,173	47,763
Substandard [Member] | Originated Loans [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Credit risk profile based on payment activity	27,802	33,223
Substandard [Member] | Acquired Loans [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Credit risk profile based on payment activity	6,488	6,185
Substandard [Member] | FDIC Acquired Loans [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Credit risk profile based on payment activity	$ 7,883	$ 8,355

XML

New Accounting Pronouncements

3 Months Ended

Mar. 31, 2015

Accounting Changes and Error Corrections [Abstract]

New Accounting Pronouncements

13. New Accounting Pronouncements

In April 2015, the FASB (Financial Accounting Standards Board) issued an Accounting Standard Update (“ASU”) to simplify presentation of debt issuance costs by requiring that debt issuance costs related to a recognized debt liability be presented in the balance sheet as a direct deduction from the carrying amount of that debt liability, consistent with debt discounts. The amendments in this update are effective for public business entities for fiscal years beginning after December 15, 2015. Early adoption of the amendments in this update is permitted for financial statements that have not been previously issued. The adoption of this guidance is not expected to have a material impact on the Company’s financial condition or results of operations.

In January 2015, the FASB issued an ASU to address the elimination of the concept of extraordinary items. The standard is the first in the FASB’s simplification initiative that is aimed at reducing the cost and complexity of financial reporting while improving or maintaining the usefulness of information reported to investors. The amendments in this update are effective for fiscal years, and for interim periods within those fiscal years, beginning after December 15, 2015. Early adoption is permitted but adoption must occur at the beginning of the year. The Company adopted this guidance in January and it did not have a material impact on the Company’s financial condition or results of operations.

In August 2014, the FASB issued an ASU to address the diversity in practice regarding the classification and measurement of foreclosed loans which were part of a government-sponsored loan guarantee program (e.g. “HUD,” “FHA,” “VA”). The ASU outlines certain criteria that, if met, the loan (residential or commercial) should be derecognized and a separate other receivable should be recorded upon foreclosure at the amount of the loan balance (principal and interest) expected to be recovered from the guarantor. This ASU was effective for annual reporting periods beginning after December 15, 2014, including interim periods within that reporting period. The adoption of this guidance did not have a material impact on the Company’s financial condition or results of operations.

In June 2014, the FASB issued an ASU regarding repurchase-to-maturity transactions, repurchase financings, and disclosures. Under the new standard, repurchase-to-maturity transactions will be reported as secured borrowings, and transferors will no longer apply the current “linked” accounting model to repurchase agreements executed contemporaneously with the initial transfer of the underlying financial asset with the same counterparty. Public business entities are generally required to apply the accounting changes and comply with the enhanced disclosure requirements for periods beginning after December 15, 2014 and interim periods beginning after March 15, 2015. A public business entity may not early adopt the standard’s provisions. The adoption of this guidance did not have a material impact on the Company’s financial condition or results of operations.

In May 2014, the FASB issued an ASU regarding revenue from contracts with customers affecting any entity that enters into contracts with customers to transfer goods or services or enters into contracts for the transfer of nonfinancial assets unless those contracts are within the scope of other standards. The core principle of this standard is that an entity should recognize revenue to depict the transfer of promised goods or services to customers in an amount that reflects the consideration to which the entity expects to be entitled in exchange for those goods or services. The standard will be effective for the Company for periods beginning after December 15, 2016. The Company is currently assessing this pronouncement and adoption of this guidance is not expected to have a material impact on the Company’s financial condition or results of operations.

In January 2014, the FASB issued an ASU on reclassification of residential real estate collateralized consumer mortgage loans upon foreclosure. The new ASU clarifies 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 receivable should be derecognized and the real estate property recognized. The new ASU requires a creditor to reclassify a collateralized consumer mortgage loan to real estate property 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 ASU is effective for interim and annual reporting periods beginning after December 15, 2014. The new disclosure requirements are included at the end of Note 3 - Loans and Allowance for Loan Losses. The adoption of this guidance did not have a material impact on the Company’s financial condition or results of operations.

In January 2014, the FASB issued an ASU in order to provide guidance on accounting for investments in flow-through limited liability entities that manage or invest in affordable housing projects that qualify for low-income housing tax credit (“LIHTC”). Through the Company’s investments in these entities, the Company receives tax credits and/or tax deductions from operating losses, which are allowable on the Company’s filed income tax returns over the life of the project beginning with the first year the tax credits are earned. The ASU was effective beginning with the Company’s first quarter ending March 31, 2015. The adoption of this guidance did not have a material impact to the financial condition, results of operations, or liquidity of the Company.

XML

Fair Value (Tables)

3 Months Ended

Mar. 31, 2015

Fair Value Disclosures [Abstract]

Schedule of Financial Assets and Liabilities Measured at Fair Value on Recurring Basis

The following tables present for each of the fair value hierarchy levels the Company’s assets and liabilities that are measured at fair value on a recurring basis in the consolidated balance sheets.

	March 31, 2015
(in thousands)	Level 1		Level 2		Total
Assets
Available for sale debt securities:
U.S. Treasury and government agency securities	$	—	$	99,416	$	99,416
Municipal obligations		—		12,965		12,965
Corporate debt securities		—		3,500		3,500
Mortgage-backed securities		—		1,474,789		1,474,789
Collateralized mortgage obligations		—		232,112		232,112
Equity securities		2,826		—		2,826
Total available for sale securities		2,826		1,822,782		1,825,608
Derivative assets (1)		—		28,562		28,562
Total recurring fair value measurements - assets	$	2,826	$	1,851,344	$	1,854,170
Liabilities
Derivative liabilities (1)	$	—	$	29,379	$	29,379
Total recurring fair value measurements - liabilities	$	—	$	29,379	$	29,379

(1) For further disaggregation of derivative assets and liabilities, see Note 6 - Derivatives.

	December 31, 2014
(in thousands)	Level 1		Level 2		Total
Assets
Available for sale debt securities:
U.S. Treasury and government agency securities	$	—	$	300,508	$	300,508
Municipal obligations		—		14,176		14,176
Corporate debt securities		—		3,500		3,500
Mortgage-backed securities		—		1,245,564		1,245,564
Collateralized mortgage obligations		—		86,864		86,864
Equity securities		9,553		—		9,553
Total available for sale securities		9,553		1,650,612		1,660,165
Derivative assets (1)		—		19,432		19,432
Total recurring fair value measurements - assets	$	9,553	$	1,670,044	$	1,679,597
Liabilities
Derivative liabilities (1)	$	—	$	20,860	$	20,860
Total recurring fair value measurements - liabilities	$	—	$	20,860	$	20,860

(1) For further disaggregation of derivative assets and liabilities, see Note 6 - Derivatives.

Schedule of Financial Assets Measured at Fair Value on Nonrecurring Basis

The following tables present the Company’s financial assets that are measured at fair value on a nonrecurring basis for each of the fair value hierarchy levels.

	March 31, 2015
(in thousands)	Level 1		Level 2		Level 3		Total
Collateral-dependent impaired loans	$	—	$	33,818	$	—	$	33,818
Other real estate owned		—		—		18,414		18,414
Total nonrecurring fair value measurements	$	—	$	33,818	$	18,414	$	52,232

	December 31, 2014
(in thousands)	Level 1		Level 2		Level 3		Total
Collateral-dependent impaired loans	$	—	$	30,204	$	—	$	30,204
Other real estate owned		—		—		29,715		29,715
Total nonrecurring fair value measurements	$	—	$	30,204	$	29,715	$	59,919

Schedule of Estimated Fair Values of Financial Instruments

The following tables present the estimated fair values of the Company’s financial instruments by fair value hierarchy levels and the corresponding carrying amount at March 31, 2015 and December 31, 2014:

	March 31, 2015
(in thousands)	Level 1		Level 2		Level 3		Total Fair Value		Carrying Amount
Financial assets:
Cash, interest-bearing bank deposits, and federal funds sold	$	849,533	$	—	$	—	$	849,533	$	849,533
Available for sale securities		2,826		1,822,782		—		1,825,608		1,825,608
Held to maturity securities		—		2,316,118		—		2,316,118		2,282,296
Loans, net		—		33,818		13,833,218		13,867,036		13,796,000
Loans held for sale		—		19,950		—		19,950		19,950
Derivative financial instruments		—		28,562		—		28,562		28,562
Financial liabilities:
Deposits	$	—	$	—	$	16,430,295	$	16,430,295	$	16,860,485
Federal funds purchased		11,175		—		—		11,175		11,175
Securities sold under agreements to repurchase		544,075		—		—		544,075		544,075
FHLB borrowings		200,000		—		—		200,000		200,000
Long-term debt		—		508,095		—		508,095		516,007
Derivative financial instruments		—		29,379		—		29,379		29,379

	December 31, 2014
(in thousands)	Level 1		Level 2		Level 3		Total Fair Value		Carrying Amount
Financial assets:
Cash, interest-bearing bankdeposits, and federal funds sold	$	1,159,403	$	—	$	—	$	1,159,403	$	1,159,403
Available for sale securities		9,553		1,650,612		—		1,660,165		1,660,165
Held to maturity securities		—		2,186,340		—		2,186,340		2,166,289
Loans, net		—		30,204		13,672,427		13,702,631		13,766,514
Loans held for sale		—		20,252		—		20,252		20,252
Derivative financial instruments		—		19,432		—		19,432		19,432
Financial liabilities:
Deposits	$	—	$	—	$	16,398,878	$	16,398,878	$	16,572,831
Federal funds purchased		12,000		—		—		12,000		12,000
Securities sold under agreements to repurchase		624,573		—		—		624,573		624,573
FHLB borrowings		515,000		—		—		—		515,000
Long-term debt		—		346,379		—		346,379		374,371
Derivative financial instruments		—		20,860		—		20,860		20,860

XML

Loans and Allowance for Loan Losses - Summary of Age Analysis of Past Due Loans (Detail) (USD $) In Thousands, unless otherwise specified	Mar. 31, 2015	Dec. 31, 2014
Accounts, Notes, Loans and Financing Receivable [Line Items]
Total FDIC acquired loans	$ 238,532	$ 252,409
Total loans	13,924,386	13,895,276
30-59 days past due	44,999	44,652
60-89 days past due	13,423	12,503
Greater than 90 days past due	42,911	44,981
Total past due	101,333	102,136
Current	13,823,053	13,793,140
Recorded investment > 90 days and accruing	5,872	4,825
Commercial Non-Real Estate [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Total FDIC acquired loans	6,937	6,195
Total loans	5,987,084	6,044,060
30-59 days past due	4,969	4,380
60-89 days past due	3,498	1,742
Greater than 90 days past due	8,692	8,560
Total past due	17,159	14,682
Current	5,969,925	6,029,378
Recorded investment > 90 days and accruing	1,114	630
Construction and Land Development [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Total FDIC acquired loans	11,482	11,674
Total loans	1,113,510	1,106,761
30-59 days past due	4,014	6,731
60-89 days past due	741	1,532
Greater than 90 days past due	5,933	5,556
Total past due	10,688	13,819
Current	1,102,822	1,092,942
Recorded investment > 90 days and accruing	768	142
Commercial Real Estate [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Total FDIC acquired loans	27,777	27,808
Total loans	3,150,103	3,144,048
30-59 days past due	3,020	10,388
60-89 days past due	5,128	3,246
Greater than 90 days past due	18,222	15,258
Total past due	26,370	28,892
Current	3,123,733	3,115,156
Recorded investment > 90 days and accruing	2,044	957
Residential Mortgages [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Total FDIC acquired loans	175,367	187,033
Total loans	1,913,885	1,894,181
30-59 days past due	21,365	14,730
60-89 days past due	2,062	3,533
Greater than 90 days past due	7,072	11,208
Total past due	30,499	29,471
Current	1,883,386	1,864,710
Recorded investment > 90 days and accruing	1,067	1,199
Consumer [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Total FDIC acquired loans	16,969	19,699
Total loans	1,759,804	1,706,226
30-59 days past due	11,631	8,423
60-89 days past due	1,994	2,450
Greater than 90 days past due	2,992	4,399
Total past due	16,617	15,272
Current	1,743,187	1,690,954
Recorded investment > 90 days and accruing	879	1,897
Originated Loans [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Total loans	12,920,530	12,810,199
30-59 days past due	44,435	40,679
60-89 days past due	10,844	11,949
Greater than 90 days past due	39,227	41,820
Total past due	94,506	94,448
Current	12,826,024	12,715,751
Recorded investment > 90 days and accruing	5,659	4,564
Originated Loans [Member] | Commercial Non-Real Estate [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Total Commercial non-real estate	5,861,887	5,917,728
30-59 days past due	4,969	4,380
60-89 days past due	3,498	1,742
Greater than 90 days past due	8,692	8,560
Total past due	17,159	14,682
Current	5,844,728	5,903,046
Recorded investment > 90 days and accruing	1,114	630
Originated Loans [Member] | Construction and Land Development [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Total Construction and land development	1,087,449	1,073,964
30-59 days past due	4,014	6,620
60-89 days past due	741	1,532
Greater than 90 days past due	4,777	4,453
Total past due	9,532	12,605
Current	1,077,917	1,061,359
Recorded investment > 90 days and accruing	768	142
Originated Loans [Member] | Commercial Real Estate [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Total Commercial real estate	2,492,351	2,428,195
30-59 days past due	2,456	6,527
60-89 days past due	2,549	2,964
Greater than 90 days past due	15,694	13,234
Total past due	20,699	22,725
Current	2,471,652	2,405,470
Recorded investment > 90 days and accruing	1,831	696
Originated Loans [Member] | Residential Mortgages [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Total Residential mortgages	1,736,033	1,704,770
30-59 days past due	21,365	14,730
60-89 days past due	2,062	3,261
Greater than 90 days past due	7,072	11,208
Total past due	30,499	29,199
Current	1,705,534	1,675,571
Recorded investment > 90 days and accruing	1,067	1,199
Originated Loans [Member] | Consumer [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Total Consumer	1,742,810	1,685,542
30-59 days past due	11,631	8,422
60-89 days past due	1,994	2,450
Greater than 90 days past due	2,992	4,365
Total past due	16,617	15,237
Current	1,726,193	1,670,305
Recorded investment > 90 days and accruing	879	1,897
Acquired Loans [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Total loans	765,324	832,668
30-59 days past due	564	3,972
60-89 days past due	2,579	282
Greater than 90 days past due	2,095	1,591
Total past due	5,238	5,845
Current	760,086	826,823
Recorded investment > 90 days and accruing	213	261
Acquired Loans [Member] | Commercial Non-Real Estate [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Total Commercial non-real estate	118,260	120,137
Current	118,260	120,137
Acquired Loans [Member] | Construction and Land Development [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Total Construction and land development	14,579	21,123
30-59 days past due		111
Total past due		111
Current	14,579	21,012
Acquired Loans [Member] | Commercial Real Estate [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Total Commercial real estate	629,975	688,045
30-59 days past due	564	3,861
60-89 days past due	2,579	282
Greater than 90 days past due	2,095	1,591
Total past due	5,238	5,734
Current	624,737	682,311
Recorded investment > 90 days and accruing	213	261
Acquired Loans [Member] | Residential Mortgages [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Total Residential mortgages	2,485	2,378
Current	2,485	2,378
Acquired Loans [Member] | Consumer [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Total Consumer	25	985
Current	25	985
FDIC Acquired Loans [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
30-59 days past due		1
60-89 days past due		272
Greater than 90 days past due	1,589	1,570
Total past due	1,589	1,843
Current	236,943	250,566
FDIC Acquired Loans [Member] | Commercial Non-Real Estate [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Current	6,937	6,195
FDIC Acquired Loans [Member] | Construction and Land Development [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Greater than 90 days past due	1,156	1,103
Total past due	1,156	1,103
Current	10,326	10,571
FDIC Acquired Loans [Member] | Commercial Real Estate [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Greater than 90 days past due	433	433
Total past due	433	433
Current	27,344	27,375
FDIC Acquired Loans [Member] | Residential Mortgages [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
60-89 days past due		272
Total past due		272
Current	175,367	186,761
FDIC Acquired Loans [Member] | Consumer [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
30-59 days past due		1
Greater than 90 days past due		34
Total past due		35
Current	$ 16,969	$ 19,664

XML

Loans and Allowance for Loan Losses - Loans, Net of Unearned Income (Detail) (USD $) In Thousands, unless otherwise specified	Mar. 31, 2015	Dec. 31, 2014
Loans Receivable [Line Items]
Total FDIC acquired loans	$ 238,532	$ 252,409
Total loans	13,924,386	13,895,276
Commercial Non-Real Estate [Member]
Loans Receivable [Line Items]
Total FDIC acquired loans	6,937	6,195
Total loans	5,987,084	6,044,060
Construction and Land Development [Member]
Loans Receivable [Line Items]
Total FDIC acquired loans	11,482	11,674
Total loans	1,113,510	1,106,761
Commercial Real Estate [Member]
Loans Receivable [Line Items]
Total FDIC acquired loans	27,777	27,808
Total loans	3,150,103	3,144,048
Residential Mortgages [Member]
Loans Receivable [Line Items]
Total FDIC acquired loans	175,367	187,033
Total loans	1,913,885	1,894,181
Consumer [Member]
Loans Receivable [Line Items]
Total FDIC acquired loans	16,969	19,699
Total loans	1,759,804	1,706,226
Originated Loans [Member]
Loans Receivable [Line Items]
Total loans	12,920,530	12,810,199
Originated Loans [Member] | Commercial Non-Real Estate [Member]
Loans Receivable [Line Items]
Total Commercial non-real estate	5,861,887	5,917,728
Originated Loans [Member] | Construction and Land Development [Member]
Loans Receivable [Line Items]
Total Construction and land development	1,087,449	1,073,964
Originated Loans [Member] | Commercial Real Estate [Member]
Loans Receivable [Line Items]
Total Commercial real estate	2,492,351	2,428,195
Originated Loans [Member] | Residential Mortgages [Member]
Loans Receivable [Line Items]
Total Residential mortgages	1,736,033	1,704,770
Originated Loans [Member] | Consumer [Member]
Loans Receivable [Line Items]
Total Consumer	1,742,810	1,685,542
Acquired Loans [Member]
Loans Receivable [Line Items]
Total loans	765,324	832,668
Acquired Loans [Member] | Commercial Non-Real Estate [Member]
Loans Receivable [Line Items]
Total Commercial non-real estate	118,260	120,137
Acquired Loans [Member] | Construction and Land Development [Member]
Loans Receivable [Line Items]
Total Construction and land development	14,579	21,123
Acquired Loans [Member] | Commercial Real Estate [Member]
Loans Receivable [Line Items]
Total Commercial real estate	629,975	688,045
Acquired Loans [Member] | Residential Mortgages [Member]
Loans Receivable [Line Items]
Total Residential mortgages	2,485	2,378
Acquired Loans [Member] | Consumer [Member]
Loans Receivable [Line Items]
Total Consumer	$ 25	$ 985

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Consolidated Statements of Comprehensive Income (Unaudited) (USD $) In Thousands, unless otherwise specified	3 Months Ended
	Mar. 31, 2015	Mar. 31, 2014
Statement of Comprehensive Income [Abstract]
Net income	$ 40,159	$ 49,115
Other comprehensive income:
Net change in unrealized gains	5,413	4,514
Reclassification adjustment for net losses realized and included in earnings	605	53
Amortization of unrealized net gain on securities transferred to held to maturity	647	665
Other comprehensive income, before income taxes	6,665	5,232
Income tax expense	2,360	1,842
Other comprehensive income net of income taxes	4,305	3,390
Comprehensive income	$ 44,464	$ 52,505

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Securities

3 Months Ended

Mar. 31, 2015

Investments, Debt and Equity Securities [Abstract]

Securities

2. Securities

The amortized cost and fair value of securities classified as available for sale and held to maturity follow:

Securities Available for Sale
(in thousands)	March 31, 2015								December 31, 2014
	Amortized Cost		Gross Unrealized Gains		Gross Unrealized Losses		Fair Value		Amortized Cost		Gross Unrealized Gains		Gross Unrealized Losses		Fair Value
US Treasury and government agency securities	$	100,182	$	—	$	766	$	99,416	$	300,207	$	372	$	71	$	300,508
Municipal obligations		12,734		231		—		12,965		13,995		186		5		14,176
Mortgage-backed securities		1,441,474		35,262		1,947		1,474,789		1,217,293		31,094		2,823		1,245,564
CMOs		232,545		378		811		232,112		88,093		—		1,229		86,864
Corporate debt securities		3,500		—		—		3,500		3,500		—		—		3,500
Equity securities		2,512		322		8		2,826		8,673		891		11		9,553
	$	1,792,947	$	36,193	$	3,532	$	1,825,608	$	1,631,761	$	32,543	$	4,139	$	1,660,165

Securities Held to Maturity
(in thousands)	March 31, 2015								December 31, 2014
	Amortized Cost		Gross Unrealized Gains		Gross Unrealized Losses		Fair Value		Amortized Cost		Gross Unrealized Gains		Gross Unrealized Losse		Fair Value
US Treasury and government agency securities	$	200,000	$	99	$	149		199,950	$	—	$	—	$	—	$	—
Municipal obligations		183,206		4,003		634		186,575		180,615		3,416		1,144		182,887
Mortgage-backed securities		873,729		28,061		—		901,790		899,923		23,897		162		923,658
CMOs		1,025,361		8,443		6,001		1,027,803		1,085,751		5,590		11,546		1,079,795
	$	2,282,296	$	40,606	$	6,784	$	2,316,118	$	2,166,289	$	32,903	$	12,852	$	2,186,340

The following table presents the amortized cost and fair value of debt securities at March 31, 2015 by contractual maturity. Actual maturities will differ from contractual maturities because of rights to call or repay obligations with or without penalties and scheduled and unscheduled principal payments on mortgage-backed securities and CMOs.

(in thousands)	Amortized Cost		Fair Value
Debt Securities Available for Sale
Due in one year or less	$	105,262	$	104,516
Due after one year through five years		136,962		138,138
Due after five years through ten years		232,151		240,235
Due after ten years		1,316,060		1,339,893
Total available for sale debt securities	$	1,790,435	$	1,822,782

	Amortized Cost		Fair Value
Debt Securities Held to Maturity
Due in one year or less	$	425,253	$	427,208
Due after one year through five years		387,765		386,448
Due after five years through ten years		108,198		108,110
Due after ten years		1,361,080		1,394,352
Total held to maturity securities	$	2,282,296	$	2,316,118

The Company held no securities classified as trading at March 31, 2015 or December 31, 2014.

The details for securities classified as available for sale with unrealized losses for the periods indicated follow:

March 31, 2015	Losses < 12 months				Losses 12 months or >				Total
(in thousands)	Fair Value		Gross Unrealized Losses		Fair Value		Gross Unrealized Losses		Fair Value		Unrealized Gross Losses
US Treasury and government agency securities	$	99,249	$	765	$	106	$	1	$	99,355	$	766
Mortgage-backed securities		23,484		152		124,102		1,795		147,586		1,947
CMOs		104,199		105		37,979		706		142,178		811
Equity securities		1,848		6		2		2		1,850		8
	$	228,780	$	1,028	$	162,189	$	2,504	$	390,969	$	3,532

December 31, 2014	Losses < 12 months				Losses 12 months or >				Total
(in thousands)	Fair Value		Gross Unrealized Losses		Fair Value		Gross Unrealized Losses		Fair Value		Gross Unrealized Losses
US Treasury and government agency securities	$	99,950	$	70	$	121	$	1	$	100,071	$	71
Municipal obligations		2,995		5		—		—		2,995		5
Mortgage-backed securities		38,955		163		125,641		2,660		164,596		2,823
CMOs		—		—		86,864		1,229		86,864		1,229
Equity securities		5,998		10		3		1		6,001		11
	$	147,898	$	248	$	212,629	$	3,891	$	360,527	$	4,139

The details for securities classified as held to maturity with unrealized losses for the periods indicated follow:

Held to maturity March 31, 2015	Losses < 12 months				Losses 12 months or >				Total
(in thousands)	Fair Value		Gross Unrealized Losses		Fair Value		Gross Unrealized Losses		Fair Value		Gross Unrealized Losses
US Treasury and government agency securities	$	99,851	$	149	$	—	$	—	$	99,851	$	149
Municipal obligations		8,757		17		49,110		617		57,867		634
CMOs		84,621		429		387,944		5,572		472,565		6,001
	$	193,229	$	595	$	437,054	$	6,189	$	630,283	$	6,784

Held to maturity December 31, 2014	Losses < 12 months				Losses 12 months or >				Total
(in thousands)	Fair Value		Gross Unrealized Losses		Fair Value		Gross Unrealized Losses		Fair Value		Gross Unrealized Losses
Municipal obligations	$	4,316	$	12	$	58,105	$	1,132	$	62,421	$	1,144
Mortgage-backed securities		—		—		95,522		162		95,522		162
CMOs		119,222		616		540,607		10,930		659,829		11,546
	$	123,538	$	628	$	694,234	$	12,224	$	817,772	$	12,852

The unrealized losses relate to changes in market rates on fixed-rate debt securities since the respective purchase dates. In all cases, the indicated impairment would be recovered no later than the security’s maturity date or possibly earlier if the market price for the security increases with a reduction in the yield required by the market. None of the unrealized losses relate to the marketability of the securities or the issuer’s ability to meet contractual obligations. The Company believes it has adequate liquidity and, therefore, does not plan to and, more likely than not, will not be required to sell these securities before recovery of the indicated impairment. Accordingly, the unrealized losses on these securities have been determined to be temporary.

Securities with carrying values totaling $3.0 billion at March 31, 2015 and $3.2 billion at December 31, 2014 were pledged as collateral primarily to secure public deposits or securities sold under agreements to repurchase.

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Fair Value - Additional Information (Detail)	3 Months Ended
	Mar. 31, 2015
Minimum [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Period of Investment	2 years
Maximum [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Period of Investment	5 years

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Share-Based Payment Arrangements - Schedule of Option Activity Under Stock Option Plans (Detail) (USD $) In Thousands, except Share data, unless otherwise specified	3 Months Ended
	Mar. 31, 2015
Disclosure of Compensation Related Costs, Share-based Payments [Abstract]
Number of Shares, Outstanding at Beginning	933,750
Number of Shares, Exercised	0
Number of Shares, Cancelled/Forfeited	(11,473)
Number of Shares, Expired	(75,480)
Number of Shares, Outstanding at Ending	846,797
Number of Shares, Exercisable at Ending	691,344
Weighted- Average Exercise Price, Outstanding at Beginning	$ 37.03
Weighted- Average Exercise Price, Exercised	$ 0
Weighted- Average Exercise Price, Cancelled/Forfeited	$ 36.79
Weighted- Average Exercise Price, Expired	$ 31.20
Weighted- Average Exercise Price, Outstanding at Ending	$ 37.55
Weighted- Average Exercise Price, Exercisable at Ending	$ 39.20
Weighted-Average Remaining Contractual Term, Outstanding at Ending Balance (in years)	4 years 4 months 24 days
Weighted-Average Remaining Contractual Term, Exercisable at Ending Balance (in years)	3 years 9 months 18 days
Aggregate Intrinsic Value, Outstanding at Ending	$ 15
Aggregate Intrinsic Value, Exercisable at Ending	$ 6

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Derivatives (Tables)

3 Months Ended

Mar. 31, 2015

Derivative Instruments and Hedging Activities Disclosure [Abstract]

Fair Values of Derivative Instruments on Balance Sheet

 

The table below presents the notional amounts and fair values of the Company’s derivative financial instruments as well as their classification on the consolidated balance sheets as of March 31, 2015 and December 31, 2014.

						Fair Values (1)
	Type of Hedge	Notional Amounts				Assets				Liabilities
(in thousands)		March 31, 2015		December 31, 2014		March 31, 2015		December 31, 2014		March 31, 2015		December 31, 2014
Derivatives designated as hedging instruments:
Interest rate swaps	Cash Flow	$	300,000	$	300,000	$	399	$	—	$	—	$	592
		$	300,000	$	300,000	$	399	$	—	$	—	$	592
Derivatives not designated as hedging instruments:
Interest rate swaps (2)	N/A	$	754,970	$	747,754	$	22,914	$	17,806	$	23,830	$	18,419
Risk participation agreements	N/A		79,887		80,438		127		125		241		208
Forward commitments to sell residential mortgage loans	N/A		70,421		52,238		55		80		764		250
Interest rate-lock commitments on residential mortgage loans	N/A		51,986		33,068		577		111		25		44
Foreign exchange forward contracts	N/A		68,756		89,432		4,490		1,310		4,519		1,347
		$	1,026,020	$	1,002,930	$	28,163	$	19,432	$	29,379	$	20,268

(1) Derivative assets and liabilities are reported with other assets or other liabilities, respectively, in the consolidated balance sheets.

(2) The notional amount represents both the customer accommodation agreements and offsetting agreements with unrelated financial institutions.

Offsetting Derivative Assets and Liabilities

Offsetting information in regards to derivative assets and liabilities subject to master netting agreements at March 31, 2015 and December 31, 2014 is presented in the following tables:

	Gross Amounts Recognized		Gross Amounts Offset in the Statement of Financial Position		Net Amounts Presented in the Statement of Financial Position		Gross Amounts Not Offset in the Statement of Financial Position
(in thousands)							Financial Instruments		Cash Collateral		Net Amount
As of March 31, 2015
Derivative Assets	$	23,041	$	—	$	23,041	$	189	$	—	$	22,852
Total	$	23,041	$	—	$	23,041	$	189	$	—	$	22,852
Derivative Liabilities	$	24,071	$	—	$	24,071	$	189	$	27,118	$	(3,236	)
Total	$	24,071	$	—	$	24,071	$	189	$	27,118	$	(3,236	)
As of December 31, 2014
Derivative Assets	$	17,931	$	—	$	17,931	$	936	$	—	$	16,995
Total	$	17,931	$	—	$	17,931	$	936	$	—	$	16,995
Derivative Liabilities	$	18,627	$	—	$	18,627	$	936	$	17,343	$	348
Total	$	18,627	$	—	$	18,627	$	936	$	17,343	$	348

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Other Noninterest Income - Components of Other Noninterest Income (Detail) (USD $) In Thousands, unless otherwise specified	3 Months Ended
	Mar. 31, 2015	Mar. 31, 2014
Noninterest Income [Abstract]
Income from bank owned life insurance	$ 2,666	$ 2,314
Credit related fees	2,457	2,732
(Loss) income from derivatives	(52)	759
Net gain on sale of assets	7	1,682
Safety deposit box income	486	513
Other miscellaneous	2,680	2,427
Total other noninterest income	$ 8,244	$ 10,427

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Securities - Available for Sale Securities Unrealized Losses (Detail) (USD $) In Thousands, unless otherwise specified	Mar. 31, 2015	Dec. 31, 2014
Unrealized Loss And Fair Value Available For Sale Securities [Line Items]
Available for sale securities, Losses less than 12 months, Fair Value	$ 228,780	$ 147,898
Available for sale securities, Losses Less than 12 months, Gross Unrealized Losses	1,028	248
Available for sale securities, Losses 12 months or longer, Fair value	162,189	212,629
Available for sale securities, Losses 12 months or longer, Gross Unrealized Losses	2,504	3,891
Available for sale securities, Total, Fair value	390,969	360,527
Available for sale securities, Total, Gross Unrealized Losses	3,532	4,139
Equity Securities [Member]
Unrealized Loss And Fair Value Available For Sale Securities [Line Items]
Available for sale securities, Losses less than 12 months, Fair Value	1,848	5,998
Available for sale securities, Losses Less than 12 months, Gross Unrealized Losses	6	10
Available for sale securities, Losses 12 months or longer, Fair value	2	3
Available for sale securities, Losses 12 months or longer, Gross Unrealized Losses	2	1
Available for sale securities, Total, Fair value	1,850	6,001
Available for sale securities, Total, Gross Unrealized Losses	8	11
U.S. Treasury and Government Agency Securities [Member]
Unrealized Loss And Fair Value Available For Sale Securities [Line Items]
Available for sale securities, Losses less than 12 months, Fair Value	99,249	99,950
Available for sale securities, Losses Less than 12 months, Gross Unrealized Losses	765	70
Available for sale securities, Losses 12 months or longer, Fair value	106	121
Available for sale securities, Losses 12 months or longer, Gross Unrealized Losses	1	1
Available for sale securities, Total, Fair value	99,355	100,071
Available for sale securities, Total, Gross Unrealized Losses	766	71
Municipal Obligations [Member]
Unrealized Loss And Fair Value Available For Sale Securities [Line Items]
Available for sale securities, Losses less than 12 months, Fair Value		2,995
Available for sale securities, Losses Less than 12 months, Gross Unrealized Losses		5
Available for sale securities, Total, Fair value		2,995
Available for sale securities, Total, Gross Unrealized Losses		5
Mortgage-Backed Securities [Member]
Unrealized Loss And Fair Value Available For Sale Securities [Line Items]
Available for sale securities, Losses less than 12 months, Fair Value	23,484	38,955
Available for sale securities, Losses Less than 12 months, Gross Unrealized Losses	152	163
Available for sale securities, Losses 12 months or longer, Fair value	124,102	125,641
Available for sale securities, Losses 12 months or longer, Gross Unrealized Losses	1,795	2,660
Available for sale securities, Total, Fair value	147,586	164,596
Available for sale securities, Total, Gross Unrealized Losses	1,947	2,823
Collateralized Mortgage Obligations [Member]
Unrealized Loss And Fair Value Available For Sale Securities [Line Items]
Available for sale securities, Losses less than 12 months, Fair Value	104,199
Available for sale securities, Losses Less than 12 months, Gross Unrealized Losses	105
Available for sale securities, Losses 12 months or longer, Fair value	37,979	86,864
Available for sale securities, Losses 12 months or longer, Gross Unrealized Losses	706	1,229
Available for sale securities, Total, Fair value	142,178	86,864
Available for sale securities, Total, Gross Unrealized Losses	$ 811	$ 1,229

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Other Noninterest Expense

3 Months Ended

Mar. 31, 2015

Text Block [Abstract]

Other Noninterest Expense

12. Other Noninterest Expense

Components of other noninterest expense are as follows:

	Three Months Ended March 31,
(in thousands)	2015		2014
Advertising	$	2,165	$	1,759
Ad valorem and franchise taxes		2,715		2,661
Printing and supplies		1,217		1,031
Insurance expense		922		1,040
Travel expense		1,219		896
Entertainment and contributions		1,639		1,412
Tax credit investment amortization		2,095		2,172
Other miscellaneous		2,834		4,846
Total other noninterest expense	$	14,806	$	15,817