XML 45 R30.htm IDEA: XBRL DOCUMENT
v3.6.0.2

Investment Securities (Tables) | 12 Months Ended
--- | ---
Dec. 31, 2016
Investments, Debt and Equity Securities [Abstract] |
Schedule of Amortized Cost and Fair Values of Investment Securities | The following tables present the amortized cost and estimated fair values of investment securities, which were all classified as available for sale, as of December 31:
| Amortized Cost |  | Gross Unrealized Gains |  | Gross Unrealized Losses |  | Estimated Fair Value
| (in thousands)
2016 |  |  |  |  |  |  |
U.S. Government sponsored agency securities | $ | 132 |  |  | $ | 2 |  |  | $ | — |  |  | $ | 134 |
State and municipal securities | 405,274 |  |  | 2,043 |  |  | (15,676 | ) |  | 391,641 |
Corporate debt securities | 112,016 |  |  | 1,978 |  |  | (4,585 | ) |  | 109,409 |
Collateralized mortgage obligations | 604,095 |  |  | 1,943 |  |  | (12,178 | ) |  | 593,860 |
Mortgage-backed securities | 1,353,292 |  |  | 6,546 |  |  | (17,437 | ) |  | 1,342,401 |
Auction rate securities | 107,215 |  |  | — |  |  | (9,959 | ) |  | 97,256 |
Total debt securities | 2,582,024 |  |  | 12,512 |  |  | (59,835 | ) |  | 2,534,701 |
Equity securities | 12,231 |  |  | 12,295 |  |  | — |  |  | 24,526 |
Total | $ | 2,594,255 |  |  | $ | 24,807 |  |  | $ | (59,835 | ) |  | $ | 2,559,227 |
2015 |  |  |  |  |  |  |
U.S. Government sponsored agency securities | $ | 25,154 |  |  | $ | 35 |  |  | $ | (53 | ) |  | $ | 25,136 |
State and municipal securities | 256,746 |  |  | 6,019 |  |  | — |  |  | 262,765 |
Corporate debt securities | 100,336 |  |  | 2,695 |  |  | (6,076 | ) |  | 96,955 |
Collateralized mortgage obligations | 835,439 |  |  | 3,042 |  |  | (16,972 | ) |  | 821,509 |
Mortgage-backed securities | 1,154,935 |  |  | 10,104 |  |  | (6,204 | ) |  | 1,158,835 |
Auction rate securities | 106,772 |  |  | — |  |  | (8,713 | ) |  | 98,059 |
Total debt securities | 2,479,382 |  |  | 21,895 |  |  | (38,018 | ) |  | 2,463,259 |
Equity securities | 14,677 |  |  | 6,845 |  |  | (8 | ) |  | 21,514 |
Total | $ | 2,494,059 |  |  | $ | 28,740 |  |  | $ | (38,026 | ) |  | $ | 2,484,773 |
Schedule of Amortized Cost and Fair Values of Debt Securities by Contractual Maturities | The amortized cost and estimated fair values of debt securities as of December 31, 2016, by contractual maturity, are shown in the following table. Actual maturities may differ from contractual maturities because borrowers may have the right to call or prepay obligations with or without call or prepayment penalties.
| Amortized Cost |  | Estimated Fair Value
| (in thousands)
Due in one year or less | $ | 54,727 |  |  | $ | 55,027 |
Due from one year to five years | 28,720 |  |  | 29,342 |
Due from five years to ten years | 95,658 |  |  | 96,933 |
Due after ten years | 445,532 |  |  | 417,138 |
| 624,637 |  |  | 598,440 |
Collateralized mortgage obligations (1) | 604,095 |  |  | 593,860 |
Mortgage-backed securities (1) | 1,353,292 |  |  | 1,342,401 |
Total debt securities | $ | 2,582,024 |  |  | $ | 2,534,701 |
Summary of Gains and Losses from Equity and Debt Securities, and Losses Recognized from Other-than-Temporary Impairment | The following table presents information related to gross gains and losses on the sales of equity and debt securities, and losses recognized for other-than-temporary impairment of investments:
| Gross Realized Gains |  | Gross Realized Losses |  | Other- than- temporary Impairment Losses |  | Net Gains
| (in thousands)
2016: |  |  |  |  |  |  |
Equity securities | $ | 2,005 |  |  | $ | (10 | ) |  | $ | — |  |  | $ | 1,995 |
Debt securities | 581 |  |  | (26 | ) |  | — |  |  | 555 |
Total | $ | 2,586 |  |  | $ | (36 | ) |  | $ | — |  |  | $ | 2,550 |
2015: |  |  |  |  |  |  |
Equity securities | $ | 6,496 |  |  | $ | (1 | ) |  | $ | — |  |  | $ | 6,495 |
Debt securities | 2,571 |  |  | — |  |  | — |  |  | 2,571 |
Total | $ | 9,067 |  |  | $ | (1 | ) |  | $ | — |  |  | $ | 9,066 |
2014: |  |  |  |  |  |  |
Equity securities | $ | 335 |  |  | $ | — |  |  | $ | (12 | ) |  | $ | 323 |
Debt securities | 2,058 |  |  | (322 | ) |  | (18 | ) |  | 1,718 |
Total | $ | 2,393 |  |  | $ | (322 | ) |  | $ | (30 | ) |  | $ | 2,041 |
Summary Of Other Than Temporary Impairment Charges Recorded In Statement Of Operations | There were no other-than-temporary impairment charges in 2016 or 2015. In 2014, there were $30,000 of other-than-temporary impairment charges, consisting of $12,000 of impairment charges on equity securities and $18,000 of charges on pooled trust preferred securities.
Summary of Cumulative Other-than-Temporary Impairment Charges Recognized in Earnings for Pooled Trust Preferred Securities Held | The following table presents a summary of the cumulative credit related other-than-temporary impairment charges, recognized as components of earnings, for debt securities held by the Corporation at December 31:
| 2016 |  | 2015 |  | 2014
| (in thousands)
Balance of cumulative credit losses on debt securities, beginning of year | $ | (11,510 | ) |  | $ | (16,242 | ) |  | $ | (20,691 | )
Additions for credit losses recorded which were not previously recognized as components of earnings | — |  |  | — |  |  | (18 | )
Reductions for securities sold during the period | — |  |  | 4,730 |  |  | 4,460 |
Reductions for increases in cash flows expected to be collected that are recognized over the remaining life of the security | — |  |  | 2 |  |  | 7 |
Balance of cumulative credit losses on debt securities, end of year | $ | (11,510 | ) |  | $ | (11,510 | ) |  | $ | (16,242 | )
Gross Unrealized Losses and Fair Values of Investments by Category and Length of Time in Continuous Unrealized Loss Position | The following table presents the gross unrealized losses and estimated fair values of investments, aggregated by investment category and length of time that individual securities have been in a continuous unrealized loss position, as of December 31, 2016. There were no gross unrealized losses on equity securities as of December 31, 2016.
| Less Than 12 months |  | 12 Months or Longer |  | Total
| Estimated Fair Value |  | Unrealized Losses |  | Estimated Fair Value |  | Unrealized Losses |  | Estimated Fair Value |  | Unrealized Losses
| (in thousands)
State and municipal securities | $ | 247,509 |  |  | $ | (15,676 | ) |  | $ | — |  |  | $ | — |  |  | $ | 247,509 |  |  | $ | (15,676 | )
Corporate debt securities | 11,922 |  |  | (110 | ) |  | 34,629 |  |  | (4,475 | ) |  | 46,551 |  |  | (4,585 | )
Collateralized mortgage obligations | 166,905 |  |  | (3,899 | ) |  | 258,237 |  |  | (8,279 | ) |  | 425,142 |  |  | (12,178 | )
Mortgage-backed securities | 1,137,510 |  |  | (17,437 | ) |  | — |  |  | — |  |  | 1,137,510 |  |  | (17,437 | )
Auction rate securities | — |  |  | — |  |  | 97,256 |  |  | (9,959 | ) |  | 97,256 |  |  | (9,959 | )
Total debt securities | 1,563,846 |  |  | (37,122 | ) |  | 390,122 |  |  | (22,713 | ) |  | 1,953,968 |  |  | (59,835 | )
For comparative purposes, the following table presents gross unrealized losses and the estimated fair value of investments, aggregated by investment category and length of time that individual securities have been in a continuous unrealized loss position, at December 31, 2015.
| Less Than 12 months |  | 12 Months or Longer |  | Total
| Estimated Fair Value |  | Unrealized Losses |  | Estimated Fair Value |  | Unrealized Losses |  | Estimated Fair Value |  | Unrealized Losses
| (in thousands)
U.S. Government sponsored agency securities | $ | 9,957 |  |  | $ | (53 | ) |  | $ | — |  |  | $ | — |  |  | $ | 9,957 |  |  | $ | (53 | )
Corporate debt securities | 12,892 |  |  | (97 | ) |  | 33,036 |  |  | (5,979 | ) |  | 45,928 |  |  | (6,076 | )
Collateralized mortgage obligations | 166,007 |  |  | (1,467 | ) |  | 467,778 |  |  | (15,505 | ) |  | 633,785 |  |  | (16,972 | )
Mortgage-backed securities | 611,920 |  |  | (4,783 | ) |  | 63,818 |  |  | (1,421 | ) |  | 675,738 |  |  | (6,204 | )
Auction rate securities | — |  |  | — |  |  | 98,059 |  |  | (8,713 | ) |  | 98,059 |  |  | (8,713 | )
Total debt securities | 800,776 |  |  | (6,400 | ) |  | 662,691 |  |  | (31,618 | ) |  | 1,463,467 |  |  | (38,018 | )
Equity securities | — |  |  | — |  |  | 14 |  |  | (8 | ) |  | 14 |  |  | (8 | )
Total | $ | 800,776 |  |  | $ | (6,400 | ) |  | $ | 662,705 |  |  | $ | (31,626 | ) |  | $ | 1,463,481 |  |  | $ | (38,026 | )
Summary of Amortized Cost and Fair Values of Corporate Debt Securities | The majority of the Corporation’s available for sale corporate debt securities are issued by financial institutions. The following table presents the amortized cost and estimated fair values of corporate debt securities as of December 31:
| 2016 |  | 2015
| Amortized Cost |  | Estimated Fair Value |  | Amortized Cost |  | Estimated Fair Value
| (in thousands)
Single-issuer trust preferred securities | $ | 43,746 |  |  | $ | 39,829 |  |  | $ | 44,648 |  |  | $ | 39,106 |
Subordinated debt | 46,231 |  |  | 46,723 |  |  | 39,610 |  |  | 40,779 |
Senior debt | 18,037 |  |  | 18,433 |  |  | 12,043 |  |  | 12,329 |
Pooled trust preferred securities | — |  |  | 422 |  |  | — |  |  | 706 |
Corporate debt securities issued by financial institutions | 108,014 |  |  | 105,407 |  |  | 96,301 |  |  | 92,920 |
Other corporate debt securities | 4,002 |  |  | 4,002 |  |  | 4,035 |  |  | 4,035 |
Available for sale corporate debt securities | $ | 112,016 |  |  | $ | 109,409 |  |  | $ | 100,336 |  |  | $ | 96,955 |

X
- Definition Summary Of Other Than Temporary Impairment Charges [Table Text Block] + References No definition available. + Details
Name: | fult_SummaryOfOtherThanTemporaryImpairmentChargesRecordedInStatementOfOperationsTableTextBlock
Namespace Prefix: | fult_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of available-for-sale securities which includes, but is not limited to, changes in the cost basis and fair value, fair value and gross unrealized gain (loss), fair values by type of security, contractual maturity and classification, amortized cost basis, contracts to acquire securities to be accounted for as available-for-sale, debt maturities, transfers to trading, change in net unrealized holding gain (loss) net of tax, continuous unrealized loss position fair value, aggregate losses qualitative disclosures, other than temporary impairment (OTTI) losses or other disclosures related to available for sale securities. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 942 -SubTopic 320 -Section 50 -Paragraph 2 -URI http://asc.fasb.org/extlink&oid=6957658&loc=d3e62557-112803 Reference 2: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 320 -SubTopic 10 -Section 50 -Paragraph 7 -URI http://asc.fasb.org/extlink&oid=73527792&loc=d3e27337-111563 Reference 3: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 320 -SubTopic 10 -Section 50 -Paragraph 3 -URI http://asc.fasb.org/extlink&oid=73527792&loc=d3e27198-111563 Reference 4: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 942 -SubTopic 320 -Section 50 -Paragraph 3 -URI http://asc.fasb.org/extlink&oid=6957658&loc=d3e62586-112803 Reference 5: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 320 -SubTopic 10 -Section 50 -Paragraph 2 -URI http://asc.fasb.org/extlink&oid=73527792&loc=d3e27161-111563 Reference 6: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 320 -SubTopic 10 -Section 50 -Paragraph 9 -URI http://asc.fasb.org/extlink&oid=73527792&loc=d3e27357-111563 Reference 7: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 320 -SubTopic 10 -Section 50 -Paragraph 6 -URI http://asc.fasb.org/extlink&oid=73527792&loc=d3e27290-111563 + Details
Name: | us-gaap_AvailableForSaleSecuritiesTextBlock
Namespace Prefix: | us-gaap_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of data and information required in the supplementary schedule applicable to management investment companies listing holdings of unaffiliated investments. + References No definition available. + Details
Name: | us-gaap_InvestmentHoldingsScheduleOfInvestmentsTableTextBlock
Namespace Prefix: | us-gaap_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of maturities of an entity's investments as well as any other information pertinent to the investments. + References No definition available. + Details
Name: | us-gaap_InvestmentsClassifiedByContractualMaturityDateTableTextBlock
Namespace Prefix: | us-gaap_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- References No definition available. + Details
Name: | us-gaap_InvestmentsDebtAndEquitySecuritiesAbstract
Namespace Prefix: | us-gaap_
Data Type: | xbrli:stringItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of the amount of other than temporary impairment (OTTI) related to credit losses recognized in earnings including: (a) the beginning balance of the amount related to credit losses on debt securities held by the investor at the beginning of the period for which a portion of an OTTI was recognized in other comprehensive income; (b) additions for the amount related to the credit loss for which an OTTI was not previously recognized; (c) reductions for securities sold during the period (realized); (d) reductions for securities for which the amount previously recognized in other comprehensive income was recognized in earnings because the investor intends to sell the security or more likely than not will be required to sell the security before recovery of its amortized cost basis; (e) additional increases to the amount related to the credit loss for which an OTTI was previously recognized when the investor does not intend to sell the security and it is not more likely than not that the investor will be required to sell the security before recovery of its amortized cost basis; (f) reductions for increases in cash flows expected to be collected that are recognized over the remaining life of the security; and (g) the ending balance of the amount related to credit losses on debt securities held by the entity at the end of the period for which a portion of an OTTI was recognized in other comprehensive income. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 320 -SubTopic 10 -Section 50 -Paragraph 8 -URI http://asc.fasb.org/extlink&oid=73527792&loc=d3e27340-111563 + Details
Name: | us-gaap_OtherThanTemporaryImpairmentCreditLossesRecognizedInEarningsTableTextBlock
Namespace Prefix: | us-gaap_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of realized gains and losses on investments reported in the statement of income. + References No definition available. + Details
Name: | us-gaap_RealizedGainLossOnInvestmentsTableTextBlock
Namespace Prefix: | us-gaap_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition For all investments in an unrealized loss position, including those for which other-than-temporary impairments have not been recognized in earnings (including investments for which a portion of an other-than-temporary impairment has been recognized in other comprehensive income), a tabular disclosure of the aggregate related fair value of investments with unrealized losses and the aggregate amount of unrealized losses (that is, the amount by which amortized cost basis exceeds fair value). + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 320 -SubTopic 10 -Section 50 -Paragraph 6 -URI http://asc.fasb.org/extlink&oid=73527792&loc=d3e27290-111563 + Details
Name: | us-gaap_ScheduleOfUnrealizedLossOnInvestmentsTableTextBlock
Namespace Prefix: | us-gaap_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration