XML 45 R71.htm IDEA: XBRL DOCUMENT v2.4.0.8
Mergers and Acquisitions (Details) (USD $)
12 Months Ended 0 Months Ended 5 Months Ended 9 Months Ended 12 Months Ended 0 Months Ended 12 Months Ended
Dec. 31, 2013
Dec. 31, 2012
Dec. 31, 2011
Jul. 26, 2013
FFCH
Dec. 31, 2013
FFCH
Sep. 30, 2013
FFCH
Sep. 30, 2012
FFCH
Dec. 31, 2013
FFCH
Dec. 31, 2012
FFCH
Dec. 31, 2013
FFCH
Minimum
Dec. 31, 2013
FFCH
Maximum
Jul. 26, 2013
FFCH
Common Stock
Jul. 26, 2013
FFCH
FFCH Preferred Stock
Jul. 26, 2013
FFCH
As previously recorded by acquiree
Jul. 26, 2013
FFCH
Initial Fair Value Adjustments
Jul. 26, 2013
FFCH
Subsequent Fair Value Adjustments
Dec. 31, 2013
Savannah Bancorp and FFCH
Mergers and Acquisitions                                  
Fixed exchange ratio for shares issued                       0.4237 1        
Period over which the entity expects to record fair value adjustments of assets                   3 months 6 months            
Assets                                  
Cash and cash equivalents       $ 174,082,000                   $ 174,082,000      
Investment securities       311,812,000                   313,200,000 (1,388,000)    
Loans held for sale       19,864,000                   19,858,000 6,000    
Loans       2,264,127,000                   2,355,527,000 (92,720,000) 1,320,000  
Premises and equipment       76,964,000                   82,399,000 (5,435,000)    
Intangible assets       40,775,000                   7,037,000 33,738,000    
Mortgage servicing rights       19,156,000                   19,156,000      
Other real estate owned       11,622,000                   13,271,000 (2,065,000) 416,000  
FDIC receivable for loss sharing agreement       29,391,000                   47,459,000 (18,122,000) 54,000  
Bank owned life insurance 97,197,000 42,737,000   51,513,000                   51,513,000      
Deferred tax asset       36,483,000                   (5,279,000) 42,741,000 (979,000)  
Other assets       42,664,000                   47,257,000 (6,125,000) 1,532,000  
Total assets       3,078,453,000                   3,125,480,000 (49,370,000) 2,343,000  
Deposits:                                  
Noninterest-bearing       430,517,000                   430,517,000      
Interest-bearing       2,091,296,000                   2,083,495,000 7,801,000    
Total deposits       2,521,813,000                   2,514,012,000 7,801,000    
Other borrowings       301,713,000                   280,187,000 21,526,000    
Other liabilities       24,111,000                   25,584,000 (2,059,000) 586,000  
Total liabilities       2,847,637,000                   2,819,783,000 27,268,000 586,000  
Net identifiable assets acquired over (under) liabilities assumed       230,816,000                   305,697,000 (76,638,000) 1,757,000  
Goodwill 319,429,000 103,292,000 62,888,000 216,137,000                     217,894,000 (1,757,000)  
Net assets acquired over liabilities assumed       446,953,000                   305,697,000 141,256,000    
Consideration:                                  
Common shares issued       7,018,274               7,018,274          
Purchase price per share of the Company's common stock (in dollars per share)       $ 54.34                          
Company common stock issued and cash exchanged for fractional shares       381,423,000                          
Cash paid for stock options outstanding       530,000                          
Assumption of preferred stock       65,000,000                          
Fair value of total consideration transferred       446,953,000                          
Merger-related expense       19,700,000                         22,800,000
Provision for loan losses 1,886,000 13,619,000 30,236,000         6,400,000 20,100,000                
Proforma amounts                                  
Total revenues (net interest income plus noninterest income), Actual since Acquisition         75,206,000                        
Net income available to the common shareholder, Actual since Acquisition         17,619,000                        
Total revenues (net interest income plus noninterest income), Pro Forma           438,625,000 480,672,000                    
Net income available to the common shareholder, Pro Forma           $ 80,624,000 $ 54,529,000