Business Combination (Tables)

12 Months Ended

Dec. 31, 2020

The following table illustrates the change in the Company’s goodwill for the year ended December 31, 2019. No measurement period adjustments were recorded during the year ended December 31, 2020.

(in thousands)
Goodwill balance at December 31, 2018	$	790,972
Final settlement of cash consideration - acquisition of trust and asset management business		1,112
Initial goodwill recorded in acquisition of MidSouth Bancorp, Inc.		69,207
Measurement period adjustments - acquisition of MidSouth Bancorp, Inc.		(5,838	)
Goodwill balance at December 31, 2019	$	855,453
Goodwill balance at December 31, 2020	$	855,453

MidSouth [Member]

Business Acquisition [Line Items]

Schedule of Fair Value of Net Assets Acquired and Liabilities Assumed

The following table sets forth the acquisition date fair value of the assets acquired and liabilities assumed, and the resulting goodwill.

(in thousands)
ASSETS
Cash and due from banks	$	28,059
Interest bearing bank deposits		276,911
Federal funds sold		3,475
Securities available for sale		272,240
Loans		787,628
Property and equipment		34,288
Other real estate		343
Identifiable intangible assets		31,500
Other assets		79,888
Total identifiable assets		1,514,332
LIABILITIES
Deposit liabilities		1,280,947
Short term borrowings		66,996
Long term debt		13,919
Other liabilities		21,990
Total liabilities		1,383,852
Net assets acquired		130,480
Value of stock-based consideration		193,849
Goodwill	$	63,369

Schedule of Acquisitions Related Costs by Component

The following table presents the acquisition related costs by component:

(in thousands)
Personnel expense	$	7,506
Net occupancy and equipment expense		1,464
Professional services expense		7,075
Data processing expense		1,092
Other real estate		130
Advertising expense		2,581
Other expense		12,818
Total merger-related expenses	$	32,666