Consolidated Balance Sheets (USD $)
In Thousands, unless otherwise specified |
Dec. 31, 2014
|
Dec. 31, 2013
|
---|---|---|
Cash and cash equivalents: | ||
Cash and due from banks | $ 229,901us-gaap_CashAndDueFromBanks | $ 212,473us-gaap_CashAndDueFromBanks |
Interest-bearing deposits with banks | 7,456us-gaap_InterestBearingDepositsInBanks | 4,770us-gaap_InterestBearingDepositsInBanks |
Federal funds sold and securities purchased under agreements to resell | 180,512us-gaap_FederalFundsSoldAndSecuritiesPurchasedUnderAgreementsToResell | 262,218us-gaap_FederalFundsSoldAndSecuritiesPurchasedUnderAgreementsToResell |
Total cash and cash equivalents | 417,869us-gaap_CashCashEquivalentsAndFederalFundsSold | 479,461us-gaap_CashCashEquivalentsAndFederalFundsSold |
Investment securities: | ||
Securities held to maturity (fair value of $10,233 and $12,891, respectively) | 9,659us-gaap_HeldToMaturitySecurities | 12,426us-gaap_HeldToMaturitySecurities |
Securities available for sale, at fair value | 806,766us-gaap_AvailableForSaleSecurities | 786,791us-gaap_AvailableForSaleSecurities |
Other investments | 10,518ssb_OtherInvestmentSecurities | 13,386ssb_OtherInvestmentSecurities |
Total investment securities | 826,943us-gaap_MarketableSecurities | 812,603us-gaap_MarketableSecurities |
Loans held for sale | 60,270us-gaap_LoansReceivableHeldForSaleNet | 30,586us-gaap_LoansReceivableHeldForSaleNet |
Loans: | ||
Loans, net | 5,680,688us-gaap_LoansReceivableNet | 5,652,458us-gaap_LoansReceivableNet |
FDIC receivable for loss share agreements | 22,161us-gaap_FDICIndemnificationAsset | 86,447us-gaap_FDICIndemnificationAsset |
Other real estate owned (covered of $16,227, and $27,520, respectively; non-covered of $26,499, and $37,398, respectively) | 42,726us-gaap_OtherRealEstateAndForeclosedAssets | 64,918us-gaap_OtherRealEstateAndForeclosedAssets |
Premises and equipment, net | 171,772us-gaap_PropertyPlantAndEquipmentNet | 188,114us-gaap_PropertyPlantAndEquipmentNet |
Bank owned life insurance | 99,140us-gaap_BankOwnedLifeInsurance | 97,197us-gaap_BankOwnedLifeInsurance |
Deferred tax assets | 42,692us-gaap_DeferredTaxAssetsLiabilitiesNet | 73,763us-gaap_DeferredTaxAssetsLiabilitiesNet |
Mortgage servicing rights | 21,601us-gaap_ServicingAsset | 20,729us-gaap_ServicingAsset |
Core deposit and other intangibles | 49,239ssb_CoreDepositAndOtherIntangibles | 59,908ssb_CoreDepositAndOtherIntangibles |
Goodwill | 317,688ssb_GoodwillAndOtherIntangiblesNet | 317,688ssb_GoodwillAndOtherIntangiblesNet |
Other assets | 73,438us-gaap_OtherAssets | 47,626us-gaap_OtherAssets |
Total assets | 7,826,227us-gaap_Assets | 7,931,498us-gaap_Assets |
Deposits: | ||
Noninterest-bearing | 1,639,953us-gaap_NoninterestBearingDepositLiabilities | 1,486,445us-gaap_NoninterestBearingDepositLiabilities |
Interest-bearing | 4,821,092us-gaap_InterestBearingDepositLiabilities | 5,067,699us-gaap_InterestBearingDepositLiabilities |
Total deposits | 6,461,045us-gaap_Deposits | 6,554,144us-gaap_Deposits |
Federal funds purchased and securities sold under agreements to repurchase | 221,541us-gaap_FederalFundsPurchasedAndSecuritiesSoldUnderAgreementsToRepurchase | 211,401us-gaap_FederalFundsPurchasedAndSecuritiesSoldUnderAgreementsToRepurchase |
Other borrowings | 101,210us-gaap_LongTermDebtNoncurrent | 102,060us-gaap_LongTermDebtNoncurrent |
Other liabilities | 57,511us-gaap_OtherLiabilities | 82,424us-gaap_OtherLiabilities |
Total liabilities | 6,841,307us-gaap_Liabilities | 6,950,029us-gaap_Liabilities |
Shareholders' equity: | ||
Preferred stock-$.01 par value; authorized 10,000,000 shares; 65,000, and 0 shares issued and outstanding, respectively | 1us-gaap_PreferredStockValue | |
Common stock - $2.50 par value; authorized 40,000,000 shares; 24,150,702 and 24,104,124 shares issued and outstanding, respectively | 60,377us-gaap_CommonStockValue | 60,260us-gaap_CommonStockValue |
Surplus | 701,764us-gaap_AdditionalPaidInCapital | 762,354us-gaap_AdditionalPaidInCapital |
Retained earnings | 223,156us-gaap_RetainedEarningsAccumulatedDeficit | 168,577us-gaap_RetainedEarningsAccumulatedDeficit |
Accumulated other comprehensive income (loss) | (377)us-gaap_AccumulatedOtherComprehensiveIncomeLossNetOfTax | (9,723)us-gaap_AccumulatedOtherComprehensiveIncomeLossNetOfTax |
Total shareholders' equity | 984,920us-gaap_StockholdersEquity | 981,469us-gaap_StockholdersEquity |
Total liabilities and shareholders' equity | 7,826,227us-gaap_LiabilitiesAndStockholdersEquity | 7,931,498us-gaap_LiabilitiesAndStockholdersEquity |
Non-acquired loans | ||
Loans: | ||
Loans, gross | 3,467,826us-gaap_NotesAndLoansReceivableGrossCurrent / us-gaap_AccountsNotesLoansAndFinancingReceivableByReceivableTypeAxis = ssb_NonAcquiredLoansMember |
2,865,216us-gaap_NotesAndLoansReceivableGrossCurrent / us-gaap_AccountsNotesLoansAndFinancingReceivableByReceivableTypeAxis = ssb_NonAcquiredLoansMember |
Less allowance for non-acquired loan losses | (34,539)us-gaap_AllowanceForNotesAndLoansReceivableCurrent / us-gaap_AccountsNotesLoansAndFinancingReceivableByReceivableTypeAxis = ssb_NonAcquiredLoansMember |
(34,331)us-gaap_AllowanceForNotesAndLoansReceivableCurrent / us-gaap_AccountsNotesLoansAndFinancingReceivableByReceivableTypeAxis = ssb_NonAcquiredLoansMember |
Credit impaired | Acquired loans | ||
Loans: | ||
Loans, net | 919,402us-gaap_LoansReceivableNet / us-gaap_AccountsNotesLoansAndFinancingReceivableByReceivableTypeAxis = ssb_AcquiredLoansMember / us-gaap_FinancingReceivableRecordedInvestmentByClassOfFinancingReceivableAxis = ssb_AccountingStandardCodificationTopic31030LoansMember |
1,220,638us-gaap_LoansReceivableNet / us-gaap_AccountsNotesLoansAndFinancingReceivableByReceivableTypeAxis = ssb_AcquiredLoansMember / us-gaap_FinancingReceivableRecordedInvestmentByClassOfFinancingReceivableAxis = ssb_AccountingStandardCodificationTopic31030LoansMember |
Non-Credit impaired | Acquired loans | ||
Loans: | ||
Loans, net | $ 1,327,999us-gaap_LoansReceivableNet / us-gaap_AccountsNotesLoansAndFinancingReceivableByReceivableTypeAxis = ssb_AcquiredLoansMember / us-gaap_FinancingReceivableRecordedInvestmentByClassOfFinancingReceivableAxis = ssb_AccountingStandardCodificationTopic31020LoansMember |
$ 1,600,935us-gaap_LoansReceivableNet / us-gaap_AccountsNotesLoansAndFinancingReceivableByReceivableTypeAxis = ssb_AcquiredLoansMember / us-gaap_FinancingReceivableRecordedInvestmentByClassOfFinancingReceivableAxis = ssb_AccountingStandardCodificationTopic31020LoansMember |
X | ||||||||||
- Definition
Represents carrying amount of the core deposit intangible on the acquired deposit accounts and other intangibles for non-compete agreements. No definition available.
|
X | ||||||||||
- Definition
This element represents carrying amount as of the balance sheet date, which is the cumulative amount paid, adjusted for any amortization recognized prior to adoption of FAS 142 and for any impairment charges, in excess of the fair value of net assets acquired in one or more business combination transactions and it also include gross carrying amount before accumulated amortization as of the balance sheet date of intangible assets not otherwise specified in the taxonomy having a reasonably expected period of economic benefit. No definition available.
|
X | ||||||||||
- Definition
This element represents other investments including Federal Reserve Bank stock, Federal Home Loan Bank stock, and investment in unconsolidated subsidiaries. Federal Reserve Bank stock represents an equity interest in the Federal Reserve Bank. Federal Home Loan Bank (FHLB) stock represents an equity interest in a FHLB. The FRB and FHLB stock do not have a readily determinable fair value because its ownership is restricted and it lacks a market (liquidity). No definition available.
|
X | ||||||||||
- Definition
Accumulated change in equity from transactions and other events and circumstances from non-owner sources, net of tax effect, at period end. Excludes Net Income (Loss), and accumulated changes in equity from transactions resulting from investments by owners and distributions to owners. Includes foreign currency translation items, certain pension adjustments, unrealized gains and losses on certain investments in debt and equity securities, other than temporary impairment (OTTI) losses related to factors other than credit losses on available-for-sale and held-to-maturity debt securities that an entity does not intend to sell and it is not more likely than not that the entity will be required to sell before recovery of the amortized cost basis, as well as changes in the fair value of derivatives related to the effective portion of a designated cash flow hedge. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Definition
Excess of issue price over par or stated value of the entity's capital stock and amounts received from other transactions involving the entity's stock or stockholders. Includes adjustments to additional paid in capital. Some examples of such adjustments include recording the issuance of debt with a beneficial conversion feature and certain tax consequences of equity instruments awarded to employees. Use this element for the aggregate amount of additional paid-in capital associated with common and preferred stock. For additional paid-in capital associated with only common stock, use the element additional paid in capital, common stock. For additional paid-in capital associated with only preferred stock, use the element additional paid in capital, preferred stock. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Definition
A valuation allowance relating to a written agreement to receive money (at a specified future date(s) within one year from the reporting date (or the normal operating cycle, whichever is longer), consisting of principal as well as any accrued interest) for the portion that is expected to be uncollectible. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Definition
Sum of the carrying amounts as of the balance sheet date of all assets that are recognized. Assets are probable future economic benefits obtained or controlled by an entity as a result of past transactions or events. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Definition
Amount of investment in debt and equity securities categorized neither as held-to-maturity nor trading. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Definition
The carrying amount of a life insurance policy on an officer, executive or employee for which the reporting entity (a bank) is entitled to proceeds from the policy upon death of the insured or surrender of the insurance policy. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Definition
For banks and other depository institutions: Includes cash on hand (currency and coin), cash items in process of collection, noninterest bearing deposits due from other financial institutions (including corporate credit unions), and noninterest bearing balances with the Federal Reserve Banks, Federal Home Loan Banks and central banks. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Definition
The sum of cash and cash equivalents plus Federal Funds Sold. Cash and cash equivalents consist of short term, highly liquid investments that are readily convertible to known amounts of cash and are so near their maturity that they present negligible risk of changes in value due to changes in interest rates -- usually with an original maturity less than 90 days. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Details
|
X | ||||||||||
- Definition
Aggregate par or stated value of issued nonredeemable common stock (or common stock redeemable solely at the option of the issuer). This item includes treasury stock repurchased by the entity. Note: elements for number of nonredeemable common shares, par value and other disclosure concepts are in another section within stockholders' equity. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Definition
Amount after allocation of valuation allowances of deferred tax asset attributable to deductible temporary differences and carryforwards, net of deferred tax liability attributable to taxable temporary differences. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Definition
The aggregate of all deposit liabilities held by the entity, including foreign and domestic, interest and noninterest bearing; may include demand deposits, saving deposits, Negotiable Order of Withdrawal (NOW) and time deposits among others. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Details
|
X | ||||||||||
- Definition
Carrying amount of receivable assets originating from the indemnification agreement with the Federal Deposit Insurance Corporation (FDIC), in which the FDIC is to partially cover losses. No definition available.
|
X | ||||||||||
- Definition
Amount after offset of short term borrowing where a bank borrows, at the federal funds rate, from another bank and securities that an entity sells and agrees to repurchase at a specified date for a specified price. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Definition
Includes: (1) the amount outstanding of funds lent to other depository institutions, securities brokers, or securities dealers in the form of Federal Funds sold; for example, immediately available funds lent under agreements or contracts that mature in one business day or roll over under a continuing contract, regardless of the nature of the transaction or the collateral involved, excluding overnight lending for commercial and industrial purposes. Also include Federal Funds sold under agreements to resell on a gross basis, excluding (1) sales of term Federal Funds, (2) due bills representing purchases of securities or other assets by the reporting bank that have not yet been delivered and similar instruments, (3) resale agreements that mature in more than one business day involving assets other than securities, and (4) yield maintenance dollar repurchase agreements (Federal Funds Sold) and (2) the dollar amount outstanding of funds lent in the form of security resale agreements regardless of maturity, if the agreement requires the bank to resell the identical security purchased or a security that meets the definition of substantially the same in the case of a dollar roll. Also include purchases of participations in pools of securities, regardless of maturity (Securities Purchased Under Agreements to Re-sell). Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Definition
Amount after other than temporary impairment (OTTI) accretion, of investments in debt securities classified as held-to-maturity. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Definition
The aggregate of all domestic and foreign interest-bearing deposit liabilities. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Definition
For banks and other depository institutions (including Federal Reserve Banks, if applicable): Interest-bearing deposits in other financial institutions for relatively short periods of time including, for example, certificates of deposits, which are presented separately from cash on the balance sheet. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Definition
Sum of the carrying amounts as of the balance sheet date of all liabilities that are recognized. Liabilities are probable future sacrifices of economic benefits arising from present obligations of an entity to transfer assets or provide services to other entities in the future. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Definition
Amount of liabilities and equity items, including the portion of equity attributable to noncontrolling interests, if any. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Definition
Amount classified as loans attributable to disposal group held for sale or disposed of. Excludes loans and leases covered under loss sharing agreements and loans classified as debt securities. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Definition
Amount after allowance and deduction of deferred interest and fees, unamortized costs and premiums and discounts from face amounts, of loans and leases held in portfolio, including but not limited to, commercial and consumer loans. Includes loans held for sale. Excludes loans and leases covered under loss sharing agreements. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Definition
Carrying amount of long-term debt, net of unamortized discount or premium, excluding amounts to be repaid within one year or the normal operating cycle, if longer (current maturities). Includes, but not limited to, notes payable, bonds payable, debentures, mortgage loans and commercial paper. Excludes capital lease obligations. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Definition
Total debt and equity financial instruments including: (1) securities held-to-maturity, (2) trading securities, and (3) securities available-for-sale. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Details
|
X | ||||||||||
- Definition
The aggregate amount of all domestic and foreign noninterest-bearing deposits liabilities held by the entity. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Definition
An amount representing an agreement for an unconditional promise by the maker to pay the Entity (holder) a definite sum of money at a future date(s) within one year of the balance sheet date or the normal operating cycle, whichever is longer. Such amount may include accrued interest receivable in accordance with the terms of the debt. The debt also may contain provisions including a discount or premium, payable on demand, secured, or unsecured, interest bearing or noninterest bearing, among a myriad of other features and characteristics. This amount does not include amounts related to receivables held-for-sale. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Details
|
X | ||||||||||
- Definition
The aggregate carrying amounts, as of the balance sheet date, of assets not separately disclosed in the balance sheet. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Definition
The aggregate carrying amount, as of the balance sheet date, of liabilities not separately disclosed in the balance sheet. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Definition
Carrying amount as of the balance sheet date of other real estate and foreclosed assets. Other real estate may include real estate investments, real estate loans that qualify as investments in real estate, and premises that are no longer used in operations may also be included in real estate owned. Foreclosed assets include all assets obtained in full or partial satisfaction of a debt arrangement through foreclosure proceedings. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Definition
Aggregate par or stated value of issued nonredeemable preferred stock (or preferred stock redeemable solely at the option of the issuer). This item includes treasury stock repurchased by the entity. Note: elements for number of nonredeemable preferred shares, par value and other disclosure concepts are in another section within stockholders' equity. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Definition
Amount after accumulated depreciation, depletion and amortization of physical assets used in the normal conduct of business to produce goods and services and not intended for resale. Examples include, but are not limited to, land, buildings, machinery and equipment, office equipment, and furniture and fixtures. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Definition
The cumulative amount of the reporting entity's undistributed earnings or deficit. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Definition
Aggregate amount of servicing assets that are subsequently measured at fair value and servicing assets that are subsequently measured using the amortization method. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Definition
Total of all stockholders' equity (deficit) items, net of receivables from officers, directors, owners, and affiliates of the entity which are attributable to the parent. The amount of the economic entity's stockholders' equity attributable to the parent excludes the amount of stockholders' equity which is allocable to that ownership interest in subsidiary equity which is not attributable to the parent (noncontrolling interest, minority interest). This excludes temporary equity and is sometimes called permanent equity. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Details
|
X | ||||||||||
- Details
|
X | ||||||||||
- Details
|
X | ||||||||||
- Details
|