XML 47 R33.htm IDEA: XBRL DOCUMENT
v3.8.0.1

Business Combinations and Divestitures (Tables) | 12 Months Ended
--- | ---
Dec. 31, 2017
Valley Bancorp, Inc. |
Business Acquisition [Line Items] |
Summary of Fair Values of the Identifiable Assets Acquired and Liabilities Assumed | A summary of the estimated fair values of assets acquired, liabilities assumed, consideration transferred, and the resulting goodwill is as follows:
(Dollars in thousands) |  |  |  |
Assets acquired: |  |  |  |
Cash and cash equivalents |  | $ | 38,473 |
Securities |  |  | 97,687 |
Loans |  |  | 171,199 |
FHLB stock |  |  | 315 |
Premises and equipment |  |  | 6,238 |
Other real estate owned |  |  | 2,282 |
Intangible assets |  |  | 6,072 |
Bank-owned life insurance |  |  | 7,153 |
Other assets |  |  | 1,882 |
|  |  | 331,301 |
Liabilities assumed: |  |  |  |
Deposits |  |  | 293,398 |
Junior subordinated debentures |  |  | 5,470 |
Other liabilities |  |  | 2,881 |
|  |  | 301,749 |
Fair value of net assets acquired |  |  | 29,552 |
Consideration transferred |  |  | 40,075 |
Goodwill |  | $ | 10,523 |
Summary of Acquired Loans | In connection with the acquisition, the Company acquired loans both with and without evidence of credit quality deterioration since origination. The acquired loans were initially recorded at fair value with no carryover of any allowance for loan and lease losses. Acquired loans were segregated between those considered to be purchased credit impaired (“PCI”) loans and those without credit impairment at acquisition. The following table presents details of the estimated fair value of acquired loans at the acquisition date:
|  | Loans, |  |  |  |  |  |  |  |  |
|  | Excluding |  |  | PCI |  |  | Total |
(Dollars in thousands) |  | PCI Loans |  |  | Loans |  |  | Loans |
Commercial real estate |  | $ | 73,273 |  |  | $ | 254 |  |  | $ | 73,527 |
Construction, land development, land |  |  | 19,770 |  |  |  | 1,199 |  |  |  | 20,969 |
1-4 family residential properties |  |  | 26,264 |  |  |  | — |  |  |  | 26,264 |
Farmland |  |  | 16,934 |  |  |  | — |  |  |  | 16,934 |
Commercial |  |  | 31,893 |  |  |  | — |  |  |  | 31,893 |
Factored receivables |  |  | — |  |  |  | — |  |  |  | — |
Consumer |  |  | 1,612 |  |  |  | — |  |  |  | 1,612 |
Mortgage warehouse |  |  | — |  |  |  | — |  |  |  | — |
|  | $ | 169,746 |  |  | $ | 1,453 |  |  | $ | 171,199 |
Valley Bancorp, Inc. | PCI Loans |
Business Acquisition [Line Items] |
Schedule of Loans Acquired in Business Combination | The following presents information at the acquisition date for PCI loans acquired in the transaction:
(Dollars in thousands) |  |  |  |
Contractually required principal and interest payments |  | $ | 2,599 |
Contractual cash flows not expected to be collected (nonaccretable difference) |  |  | 775 |
Expected cash flows at acquisition |  |  | 1,824 |
Interest component of expected cash flows (accretable yield) |  |  | 371 |
Fair value of loans acquired with deterioration of credit quality |  | $ | 1,453 |
Valley Bancorp, Inc. | Non-PCI |
Business Acquisition [Line Items] |
Schedule of Loans Acquired in Business Combination | The following presents information at the acquisition date for non-PCI loans acquired in the transaction:
(Dollars in thousands) |  |  |  |
Contractually required principal and interest payments |  | $ | 214,139 |
Contractual cash flows not expected to be collected |  | $ | 3,646 |
Fair value at acquisition |  | $ | 169,746 |
Independent Bank - Colorado Branches |
Business Acquisition [Line Items] |
Summary of Fair Values of the Identifiable Assets Acquired and Liabilities Assumed | A summary of the estimated fair values of assets acquired, liabilities assumed, consideration transferred, and the resulting goodwill is as follows:
(Dollars in thousands) |  |  |  |
Assets acquired: |  |  |  |
Cash and cash equivalents |  | $ | 1,611 |
Loans |  |  | 95,794 |
Premises and equipment |  |  | 7,524 |
Intangible assets |  |  | 3,255 |
Other assets |  |  | 1,644 |
|  |  | 109,828 |
Liabilities assumed: |  |  |  |
Deposits |  |  | 160,702 |
Other liabilities |  |  | 249 |
|  |  | 160,951 |
Fair value of net assets acquired |  |  | (51,123 | )
Cash received from seller, net of $6,771 deposit premium |  |  | 45,306 |
Goodwill |  | $ | 5,817 |
Summary of Acquired Loans | The loans acquired in the transaction were initially recorded at fair value with no carryover of any allowance for loan and lease losses. There were no loans acquired that were considered to be purchased credit impaired (“PCI”) loans. The following table presents details of the estimated fair value of acquired loans at the acquisition date:
(Dollars in thousands) |  |  |  |
Commercial real estate |  | $ | 13,382 |
Construction, land development, land |  |  | 537 |
1-4 family residential properties |  |  | 6,986 |
Farmland |  |  | 31,490 |
Commercial |  |  | 43,104 |
Factored receivables |  |  | — |
Consumer |  |  | 295 |
Mortgage warehouse |  |  | — |
|  | $ | 95,794 |
Independent Bank - Colorado Branches | Non-PCI |
Business Acquisition [Line Items] |
Schedule of Loans Acquired in Business Combination | The following presents information at the acquisition date for non-PCI loans acquired in the transaction:
(Dollars in thousands) |  |  |  |
Contractually required principal and interest payments |  | $ | 122,498 |
Contractual cash flows not expected to be collected |  | $ | 3,415 |
Fair value at acquisition |  | $ | 95,794 |
ColoEast Bankshares, Inc. |
Business Acquisition [Line Items] |
Summary of Fair Values of the Identifiable Assets Acquired and Liabilities Assumed | A summary of the fair values of assets acquired, liabilities assumed, consideration transferred, and the resulting goodwill is as follows:
|  | Initial Values |  |  | Measurement |  |  |  |  |
|  | Recorded at |  |  | Period |  |  | Adjusted |
(Dollars in thousands) |  | Acquisition Date |  |  | Adjustments |  |  | Values |
Assets acquired: |  |  |  |  |  |  |  |  |  |  |  |
Cash and cash equivalents |  | $ | 57,671 |  |  | $ | — |  |  | $ | 57,671 |
Securities |  |  | 161,693 |  |  |  | — |  |  |  | 161,693 |
Loans |  |  | 460,775 |  |  |  | — |  |  |  | 460,775 |
FHLB and Federal Reserve Bank stock |  |  | 550 |  |  |  | — |  |  |  | 550 |
Premises and equipment |  |  | 23,940 |  |  |  | — |  |  |  | 23,940 |
Other real estate owned |  |  | 3,105 |  |  |  | (143 | ) |  |  | 2,962 |
Intangible assets |  |  | 7,238 |  |  |  | — |  |  |  | 7,238 |
Bank-owned life insurance |  |  | 6,400 |  |  |  | — |  |  |  | 6,400 |
Deferred income taxes |  |  | 4,511 |  |  |  | (70 | ) |  |  | 4,441 |
Other assets |  |  | 10,022 |  |  |  | — |  |  |  | 10,022 |
|  |  | 735,905 |  |  |  | (213 | ) |  |  | 735,692 |
Liabilities assumed: |  |  |  |  |  |  |  |  |  |  |  |
Deposits |  |  | 652,952 |  |  |  | — |  |  |  | 652,952 |
Junior subordinated debentures |  |  | 7,728 |  |  |  | — |  |  |  | 7,728 |
Other liabilities |  |  | 6,784 |  |  |  | — |  |  |  | 6,784 |
|  |  | 667,464 |  |  |  | — |  |  |  | 667,464 |
Fair value of net assets acquired |  |  | 68,441 |  |  |  | (213 | ) |  |  | 68,228 |
Cash paid |  |  | 70,000 |  |  |  | — |  |  |  | 70,000 |
TARP Preferred Stock assumed |  |  | 10,500 |  |  |  | — |  |  |  | 10,500 |
Consideration transferred |  |  | 80,500 |  |  |  | — |  |  |  | 80,500 |
Goodwill |  | $ | 12,059 |  |  | $ | 213 |  |  | $ | 12,272 |
Summary of Acquired Loans | The following table presents details on acquired loans at the acquisition date:
|  | Loans, Excluding |  |  | PCI |  |  | Total |
(Dollars in thousands) |  | PCI Loans |  |  | Loans |  |  | Loans |
Commercial real estate |  | $ | 86,569 |  |  | $ | 10,907 |  |  | $ | 97,476 |
Construction, land development, land |  |  | 58,718 |  |  |  | 2,933 |  |  |  | 61,651 |
1-4 family residential properties |  |  | 36,412 |  |  |  | 91 |  |  |  | 36,503 |
Farmland |  |  | 100,977 |  |  |  | 233 |  |  |  | 101,210 |
Commercial |  |  | 151,605 |  |  |  | 5,129 |  |  |  | 156,734 |
Factored receivables |  |  | 694 |  |  |  | — |  |  |  | 694 |
Consumer |  |  | 6,507 |  |  |  | — |  |  |  | 6,507 |
|  | $ | 441,482 |  |  | $ | 19,293 |  |  | $ | 460,775 |
Schedule of Pro Forma Information on Acquisition | The following table presents pro forma information for the years ended December 31, 2016 and 2015 as if the ColoEast acquisition had occurred at the beginning of 2015. The pro forma information includes adjustments for interest income on loans acquired, interest expense on junior subordinated debentures assumed, depreciation expense on property acquired, amortization of intangibles arising from the transaction, and the related income tax effects. The pro forma financial information is not necessarily indicative of the results of operations that would have occurred had the transaction been completed on the assumed date.
(Dollars in thousands) |  | December 31, 2016 |  |  | December 31, 2015 |
Net interest income |  | $ | 128,322 |  |  | $ | 117,051 |
Noninterest income |  | $ | 22,671 |  |  | $ | 36,539 |
Net income |  | $ | 21,220 |  |  | $ | 31,624 |
Basic earnings per common share |  | $ | 1.14 |  |  | $ | 1.73 |
Diluted earnings per common share |  | $ | 1.13 |  |  | $ | 1.70 |
ColoEast Bankshares, Inc. | PCI Loans |
Business Acquisition [Line Items] |
Schedule of Loans Acquired in Business Combination | Information about the acquired loan portfolio subject to PCI accounting guidance as of August 1, 2016 is as follows:
(Dollars in thousands) |  |  |  |
Contractually required principal and interest payments |  | $ | 25,124 |
Contractual cash flows not expected to be collected (nonaccretable difference) |  |  | 1,707 |
Expected cash flows at acquisition |  |  | 23,417 |
Interest component of expected cash flows (accretable yield) |  |  | 4,124 |
Fair value of loans acquired with deterioration of credit quality |  | $ | 19,293 |
ColoEast Bankshares, Inc. | Non-PCI |
Business Acquisition [Line Items] |
Schedule of Loans Acquired in Business Combination | The following presents information at the acquisition date for non-PCI loans acquired in the transaction:
(Dollars in thousands) |  |  |  |
Contractually required principal and interest payments |  | $ | 530,404 |
Contractual cash flows not expected to be collected |  | $ | 21,272 |
Fair value at acquisition |  | $ | 441,482 |
Doral Money Acquisition |
Business Acquisition [Line Items] |
Summary of Fair Values of the Identifiable Assets Acquired and Liabilities Assumed | A summary of the fair values of assets acquired, liabilities assumed, net consideration transferred, and the resulting bargain purchase gain is as follows:
|  | Initial Values |  |  | Measurement |  |  |  |  |
|  | Recorded at |  |  | Period |  |  | Adjusted |
(Dollars in thousands) |  | Acquisition Date |  |  | Adjustments |  |  | Values |
Assets acquired: |  |  |  |  |  |  |  |  |  |  |  |
Cash |  | $ | 8,273 |  |  | $ | — |  |  | $ | 8,273 |
CLO Securities |  |  | 98,316 |  |  |  | — |  |  |  | 98,316 |
Intangible asset - CLO management contracts |  |  | 1,918 |  |  |  | — |  |  |  | 1,918 |
Loans |  |  | 36,765 |  |  |  | 900 |  |  |  | 37,665 |
Prepaid corporate income tax |  |  | 3,014 |  |  |  | 1,688 |  |  |  | 4,702 |
Other assets |  |  | 772 |  |  |  | — |  |  |  | 772 |
|  |  | 149,058 |  |  |  | 2,588 |  |  |  | 151,646 |
Liabilities assumed: |  |  |  |  |  |  |  |  |  |  |  |
Deferred tax liability |  |  | 663 |  |  |  | — |  |  |  | 663 |
Other liabilities |  |  | 22 |  |  |  | (20 | ) |  |  | 2 |
|  |  | 685 |  |  |  | (20 | ) |  |  | 665 |
Fair value of net assets acquired |  |  | 148,373 |  |  |  | 2,608 |  |  |  | 150,981 |
Net consideration transferred |  |  | 135,864 |  |  |  | — |  |  |  | 135,864 |
Bargain purchase gain |  | $ | (12,509 | ) |  | $ | (2,608 | ) |  | $ | (15,117 | )
Triumph Healthcare Finance |
Business Acquisition [Line Items] |
Summary of Assets Held for Sale and Consideration Received and Gain on Sale | A summary of the carrying amount of the assets in the Disposal Group transferred to held for sale is as follows:
(Dollars in thousands) |  |  |  |
Loans |  | $ | 70,771 |
Allowance for loan and lease losses |  |  | (2,103 | )
Loans, net of allowance for loan and lease losses |  |  | 68,668 |
Premises and equipment, net |  |  | 33 |
Goodwill |  |  | 1,024 |
Intangible assets, net |  |  | 1,007 |
Other assets |  |  | 630 |
Total carrying amount |  | $ | 71,362 |
Triumph Capital Advisors, LLC |
Business Acquisition [Line Items] |
Summary of Assets Held for Sale and Consideration Received and Gain on Sale | A summary of the consideration received and the gain on sale is as follows:
(Dollars in thousands) |  |  |  |
Consideration received (fair value): |  |  |  |
Cash |  | $ | 10,554 |
Loan receivable |  |  | 10,500 |
Revenue share |  |  | 1,623 |
Total consideration received |  |  | 22,677 |
Carrying value of TCA membership interest |  |  | 1,417 |
Gain on sale of subsidiary |  |  | 21,260 |
Transaction costs |  |  | 400 |
Gain on sale of subsidiary, net of transaction costs |  | $ | 20,860 |

X
- Definition Summary of acquired loans at acquisition date. + References No definition available. + Details
Name: | tbk_SummaryOfAcquiredLoansAtAcquisitionDateTableTextBlock
Namespace Prefix: | tbk_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition Line items represent financial concepts included in a table. These concepts are used to disclose reportable information associated with domain members defined in one or many axes to the table. + References No definition available. + Details
Name: | us-gaap_BusinessAcquisitionLineItems
Namespace Prefix: | us-gaap_
Data Type: | xbrli:stringItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of pro forma results of operations for a material business acquisition or series of individually immaterial business acquisitions that are material in the aggregate. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 805 -SubTopic 10 -Section 50 -Paragraph 2 -Subparagraph (h)(2)-(3) -URI http://asc.fasb.org/extlink&oid=79982066&loc=d3e1392-128463 + Details
Name: | us-gaap_BusinessAcquisitionProFormaInformationTextBlock
Namespace Prefix: | us-gaap_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of the reconciliation of contractual cash flows to the carrying amount relating to certain loans acquired in a transfer. + References No definition available. + Details
Name: | us-gaap_CertainLoansAcquiredInTransferNotAccountedForAsDebtSecuritiesAcquiredDuringPeriodTableTextBlock
Namespace Prefix: | us-gaap_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of information related to a disposal group. Includes, but is not limited to, a discontinued operation, disposal classified as held-for-sale or disposed of by means other than sale or disposal of an individually significant component. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 205 -SubTopic 20 -Section 45 -Paragraph 11 -URI http://asc.fasb.org/extlink&oid=65878427&loc=SL51721533-107759 Reference 2: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 205 -SubTopic 20 -Section 50 -Paragraph 4B -URI http://asc.fasb.org/extlink&oid=64827811&loc=SL51721665-107760 Reference 3: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 205 -SubTopic 20 -Section 50 -Paragraph 3 -URI http://asc.fasb.org/extlink&oid=64827811&loc=d3e1474-107760 Reference 4: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 205 -SubTopic 20 -Section 50 -Paragraph 1 -URI http://asc.fasb.org/extlink&oid=64827811&loc=d3e1361-107760 Reference 5: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 205 -SubTopic 20 -Section 50 -Paragraph 7 -URI http://asc.fasb.org/extlink&oid=64827811&loc=SL51721683-107760 Reference 6: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 360 -SubTopic 10 -Section 50 -Paragraph 3A -URI http://asc.fasb.org/extlink&oid=84176398&loc=SL51724579-110230 Reference 7: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 205 -SubTopic 20 -Section 50 -Paragraph 5C -URI http://asc.fasb.org/extlink&oid=64827811&loc=SL51721675-107760 Reference 8: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 205 -SubTopic 20 -Section 50 -Paragraph 4A -URI http://asc.fasb.org/extlink&oid=64827811&loc=SL51721663-107760 Reference 9: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 360 -SubTopic 10 -Section 50 -Paragraph 3 -URI http://asc.fasb.org/extlink&oid=84176398&loc=d3e2941-110230 Reference 10: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 205 -SubTopic 20 -Section 50 -Paragraph 5B -URI http://asc.fasb.org/extlink&oid=64827811&loc=SL51721673-107760 Reference 11: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 205 -SubTopic 20 -Section 50 -Paragraph 3A -URI http://asc.fasb.org/extlink&oid=64827811&loc=SL51721659-107760 Reference 12: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 205 -SubTopic 20 -Section 50 -Paragraph 5A -URI http://asc.fasb.org/extlink&oid=64827811&loc=SL51721671-107760 Reference 13: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 205 -SubTopic 20 -Section 50 -Paragraph 5D -URI http://asc.fasb.org/extlink&oid=64827811&loc=SL51721677-107760 + Details
Name: | us-gaap_ScheduleOfDisposalGroupsIncludingDiscontinuedOperationsIncomeStatementBalanceSheetAndAdditionalDisclosuresTextBlock
Namespace Prefix: | us-gaap_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- 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://www.xbrl.org/2003/role/presentationRef -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
Name: | us-gaap_ScheduleOfRecognizedIdentifiedAssetsAcquiredAndLiabilitiesAssumedTableTextBlock
Namespace Prefix: | us-gaap_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Details
Name: | us-gaap_BusinessAcquisitionAxis=tbk_ValleyBancorpIncorporationMember
Namespace Prefix: |
Data Type: | na
Balance Type: |
Period Type: |

X
- Details
Name: | us-gaap_ReceivablesAcquiredWithDeterioratedCreditQualityAxis=us-gaap_ReceivablesAcquiredWithDeterioratedCreditQualityMember
Namespace Prefix: |
Data Type: | na
Balance Type: |
Period Type: |

X
- Details
Name: | us-gaap_InternalCreditAssessmentAxis=tbk_LoansExcludingPurchasedCreditImpairedLoansMember
Namespace Prefix: |
Data Type: | na
Balance Type: |
Period Type: |

X
- Details
Name: | us-gaap_BusinessAcquisitionAxis=tbk_IndependentBankColoradoBranchesMember
Namespace Prefix: |
Data Type: | na
Balance Type: |
Period Type: |

X
- Details
Name: | us-gaap_BusinessAcquisitionAxis=tbk_ColoEastBanksharesIncMember
Namespace Prefix: |
Data Type: | na
Balance Type: |
Period Type: |

X
- Details
Name: | us-gaap_BusinessAcquisitionAxis=tbk_DoralMoneyAcquisitionMember
Namespace Prefix: |
Data Type: | na
Balance Type: |
Period Type: |

X
- Details
Name: | us-gaap_IncomeStatementBalanceSheetAndAdditionalDisclosuresByDisposalGroupsIncludingDiscontinuedOperationsAxis=tbk_TriumphHealthcareFinanceMember
Namespace Prefix: |
Data Type: | na
Balance Type: |
Period Type: |

X
- Details
Name: | us-gaap_IncomeStatementBalanceSheetAndAdditionalDisclosuresByDisposalGroupsIncludingDiscontinuedOperationsAxis=tbk_TriumphCapitalAdvisorsLLCMember
Namespace Prefix: |
Data Type: | na
Balance Type: |
Period Type: |