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ACQUISITIONS & DISPOSITIONS (Tables) | 12 Months Ended
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Dec. 31, 2018
Business Combinations [Abstract] |
Schedule of Recognized Identified Assets Acquired and Liabilities Assumed | The following table provides an assessment of the consideration transferred, assets acquired, and liabilities assumed as of the date of the acquisition (dollars in thousands):
Purchase Price: |  |
Fair value of shares of the Company's common stock issued & warrants converted |  | $ | 794,809 |
Cash paid for Xenith stock options |  | 6,170 |
Total purchase price |  | $ | 800,979 |
Fair value of assets acquired: |  |
Cash and cash equivalents | $ | 174,218 |  |
AFS securities | 295,782 |  |
Restricted stock, at cost | 27,569 |  |
Net loans | 2,453,856 |  |
Premises and equipment | 46,077 |  |
OREO | 5,250 |  |
Core deposit intangibles | 38,470 |  |
Other assets | 202,984 |  |
Total assets | $ | 3,244,206 |  |
Fair value of liabilities assumed: |  |
Deposits | $ | 2,549,683 |  |
Short-term borrowings | 235,000 |  |
Long-term borrowings | 55,542 |  |
Other liabilities | 26,842 |  |
Total liabilities | $ | 2,867,067 |  |
Net assets acquired |  | $ | 377,139 |
Preliminary goodwill |  | $ | 423,840 |
Outstanding Principal Balance And Carrying Amount of Acquired Impaired Loans | The following table presents the acquired impaired loans receivable at the acquisition date (dollars in thousands):
Contractually required principal and interest payments | $ | 114,270 |
Nonaccretable difference | (19,800 | )
Cash flows expected to be collected | 94,470 |
Accretable difference | (15,206 | )
Fair value of loans acquired with a deterioration of credit quality | $ | 79,264 |
Business Acquisition, Pro Forma Information | The Company expects to achieve further operating cost savings and other business synergies, including branch closures, as a result of the acquisition which are not reflected in the pro forma amounts below (dollars in thousands):
| For the years ended December 31,
| 2018 |  | 2017 |  | 2016
Total revenues | $ | 530,932 |  |  | $ | 470,484 |  |  | $ | 425,794 |
Net income | $ | 176,473 |  |  | $ | 45,036 |  |  | $ | 138,960 |
Earnings per share | $ | 2.68 |  |  | $ | 0.68 |  |  | $ | 2.23 |
Schedule of Effect of Amortization and Accretion Related to Acquisition | The net effect of the amortization and accretion of premiums and discounts associated with the Company’s acquisition accounting adjustments had the following impact on the Consolidated Statements of Income during the years ended December 31, 2018, 2017, and 2016 (dollars in thousands):
| For the years ended December 31,
| 2018 |  | 2017 |  | 2016
Loans (1) | $ | 17,145 |  |  | $ | 6,784 |  |  | $ | 5,218 |
Buildings (2) | 228 |  |  | — |  |  | — |
Core deposit intangible (3) | (11,464 | ) |  | (5,603 | ) |  | (6,930 | )
Other amortizable intangibles (3) | (1,375 | ) |  | (485 | ) |  | (280 | )
Borrowings (4) | (506 | ) |  | 170 |  |  | 458 |
Time deposits (5) | 2,553 |  |  | — |  |  | — |
Leases (2) | 130 |  |  | — |  |  | — |
Net impact to income before taxes | $ | 6,711 |  |  | $ | 866 |  |  | $ | (1,534 | )
(1) Loan acquisition-related fair value adjustments accretion is included in "Interest and fees on loans" in the "Interest and dividend income" section of the Company's Consolidated Statements of Income. (2) Building and lease acquisition-related fair value adjustments amortization is included in "Occupancy expenses" in the "Noninterest expense" section of the Company's Consolidated Statements of Income. (3) Core deposit and other intangible premium amortization is included in "Amortization of intangible assets" in the "Noninterest expense" section of the Company's Consolidated Statements of Income. (4) Borrowings acquisition-related fair value adjustments (amortization) accretion is included in "Interest on long-term borrowings" in the "Interest Expense" section of the Company's Consolidated Statements of Income. (5) Certificate of deposit acquisition-related fair value adjustments accretion is included in "Interest on deposits" in the "Interest expense" section of the Company's Consolidated Statements of Income.

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- Definition Tabular disclosure of the amounts recognized as of the acquisition date for each major class of assets acquired and liabilities assumed. May include but not limited to the following: (a) acquired receivables; (b) contingencies recognized at the acquisition date; and (c) the fair value of noncontrolling interests in the acquiree. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 805 -SubTopic 20 -Section 50 -Paragraph 1 -URI http://asc.fasb.org/extlink&oid=84161108&loc=d3e4845-128472 + Details
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