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Purchase and Assumption

PURCHASE AND ASSUMPTION

Effective February 10, 2012, the Bank assumed substantially all of the deposits and certain other liabilities and acquired certain assets of SCB Bank, a federal savings bank headquartered in Shelbyville, Indiana, from the Federal Deposit Insurance Corporation (“FDIC”), as receiver for SCB Bank (the “Acquisition”), pursuant to the terms of the Purchase and Assumption Agreement - Modified Whole Bank; All Deposits (the “Agreement”), entered into by the Bank, the FDIC as receiver of SCB Bank and the FDIC.

Under the terms of the Agreement, the Bank acquired $147.7 million in assets, including approximately $11.9 million of cash and cash equivalents, $18.9 million of marketable securities, $1.8 million in Federal Home Loan Bank stock, $113.0 million in loans and $2.1 million of premises and other assets. The Bank assumed approximately $135.7 million of liabilities, including approximately $125.9 million in customer deposits, $9.6 million of other borrowed money and $402,000 in other liabilities. These balances are book balances and do not reflect the fair value adjustments which are shown in the following table. The acquisition did not include any loss sharing agreement with the FDIC.

The bid accepted by the FDIC included no deposit premium. The assets were acquired at a discount of $29.0 million from book value. The FDIC made a payment of $17.2 million to the Bank upon the final closing date balance sheet for SCB Bank that reflected the difference between the purchase price of the assets acquired and the value of the liabilities assumed.

The Bank engaged in this transaction with the expectation that it would be immediately accretive and add a new market area with a demographic profile consistent with many of the current Indiana markets served by the Bank.

The transaction was accounted for under the acquisition method of accounting in accordance with the Business Combination topic of the FASB Accounting Standards Codification (“ASC 310-20 and 310-30”). The statement of net assets and liabilities acquired as of February 10, 2012, are presented below. The assets and liabilities of SCB were recorded at the respective acquisition date provisional fair values, and identifiable intangible assets were recorded at provisional fair value.



Assets			Liabilities
Cash and due from banks ⁽¹⁾	$	29,113	Deposits:
Investment securities, available for sale	18,896		Non-interest bearing	$	13,715
Federal Home Loan Bank stock	1,761		NOW accounts	14,746
Loans:			Savings and money market	25,843
Commercial	51,042		Certificate of deposit	71,605
Residential mortgage	11,181		Total Deposits	125,909
Installment	31,570
Total Loans	93,793		Federal Home Loan Bank advances	10,286
			Other liabilities	804
Premises	1,516		Total Liabilities Assumed	$	136,999
Core deposit intangible	484
Other assets	560		Net Gain on Acquisition	$	9,124
Total Assets Purchased	$	146,123


(1)	Includes $17,200,000 cash received from the FDIC.

In many cases, the fair values of assets acquired and liabilities assumed were determined by estimating cash flows expected to result from those assets and liabilities and discounting them at appropriate market rates. The most significant category of assets for which this procedure was used was acquired loans. The Bank acquired the $113.0 million loan portfolio at a fair value discount of $19.2 million. The performing portion of the portfolio,$86.3 million, had an estimated fair value of $76.5 million. The excess of expected cash flows above the fair value of the performing portion of loans will be accreted to interest income over the remaining lives of the loans in accordance with ASC 310-20. Discounts or premiums on term loans are accounted for under an effective yield method. Prepayments on term loans would be accounted for in the effective yield calculation. Discounts or premiums on lines of credit are treated in a straight line method over the term of the lines of credit.

Certain loans for which specific credit-related deterioration has occurred since origination are recorded at fair value which is derived from calculating the present value of the amounts expected to be collected. Income recognition on these loans is based on reasonable expectation about the timing and amount of cash flows to be collected. Some of the acquired loans deemed impaired and considered collateral dependent, with the timing of a sale of loan collateral indeterminate, remain on non-accrual status and have little or no accretable yield.

In accordance with ASC 310-30 (formerly Statement of Position (“SOP”) 03-3 as of February 10, 2012, loans acquired during 2012 for which it was probable at acquisition that all contractually required payments would not be collected are as follows:



Preliminary estimate of contractually required principal and interest at acquisition	$	31,143
Preliminary estimate of contractual cash flows not expected to be collected (nonaccretable differences)	9,688
Preliminary estimate of expected cash flows at acquisition	21,455
Preliminary estimate of interest component of expected cash flows (accretable discount)	4,152
Preliminary estimate of fair value of acquired loans accounted for under ASC 310-30	$	17,303

Pro-forma statements were determined to be impracticable due to the nature of the transaction as certain assets were not purchased.

The entire disclosure for a business combination (or series of individually immaterial business combinations) completed during the period, including background, timing, and recognized assets and liabilities. The disclosure may include leverage buyout transactions (as applicable).

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Merger with CFS Bancorp, Inc. (Citizens)

Business Combination

12 Months Ended

Dec. 31, 2013

Business Combination

BUSINESS COMBINATION

On November 12, 2013, the Corporation acquired 100 percent of CFS Bancorp, Inc. ("CFS") in an all stock transaction. CFS was headquartered in Munster, Indiana and had 20 full-service banking centers serving the northwestern Indiana and northeastern Illinois areas. Pursuant to the merger agreement, the shareholders of CFS received 0.65 percent of the Corporation's common stock for each share of CFS Bancorp common stock held. The Corporation issued approximately 7.1 million shares of common stock, which was valued at approximately $135.6 million.

The Corporation engaged in this transaction with the expectation that it would be accretive and add a new market area with a demographic profile consistent with many of the current Indiana markets served by the Bank. Goodwill resulted from this transaction due to the expected synergies from combining operations.

Under the acquisition method of accounting, the total purchase price is allocated to CFS's net tangible and intangible assets based on their current estimated fair values on the date of the acquisition. Based on preliminary valuations of the fair value of tangible and intangible assets acquired and liabilities assumed, which are based on assumptions that are subject to change, the purchase price for the CFS acquisition was allocated as follows:



	Fair Value
Cash and cash equivalents	$	10,992
Interest-bearing time deposits	213,379
Investment securities available for sale	15,913
Investment securities held to maturity	14,372
Mortgage loans held for sale	189
Loans	603,114
Premises and equipment	19,643
Federal Home Loan Bank stock	6,188
Interest receivable	1,770
Cash surrender value of life insurance	36,555
Other real estate owned	12,857
Tax asset, deferred and receivable	30,717
Other assets	111,656
Deposits	(955,432		)
Securities sold under repurchase agreements	(9,830		)
Federal Home Loan Bank advances	(15,000		)
Interest payable	(294		)
Other liabilities	(16,033		)
Net tangible assets acquired	80,756
Core deposit intangible	7,313
Goodwill	47,573
Purchase price	$	135,642

Of the total purchase price, $7,313,000 has been allocated to a core deposit intangible that will be amortized over its estimated life of 10 years. The remaining purchase price has been allocated to goodwill, which is not deductible for tax purposes.

Prior to the end of the one year measurement period for finalizing the purchase price allocation, if information becomes available which would indicate adjustments are required to the purchase price allocation, such adjustments will be included in the purchase price allocation retrospectively.

The results of operations of CFS have been included in the Corporation's consolidated financial statements since the acquisition date. The following schedule includes pro forma results for the periods ended December 31, 2013 and 2012 as if the CFS acquisition had occurred as of the beginning of the periods presented.



	2013		2012
Total revenue (net interest income plus other income)	$	243,972	$	266,034
Net income	$	38,637	$	50,092
Net income available to common shareholders	$	36,257	$	45,553
Earnings per share:
Basic	$	0.98	$	1.28
Diluted	$	0.98	$	1.27

The pro forma information includes adjustments for interest income on loans and securities acquired, amortization of intangibles arising from the transaction, interest expense on deposits acquired, premises expense for the banking centers acquired and the related income tax effects. The pro forma information for the year ended 2013 includes $4.9 million of operating revenue from CFS since the acquisition and approximately $9.5 million, net of tax, of non-recurring expenses directly attributable to the CFS acquisition.

The pro forma financial information is presented for information purposes only and is not indicative of the results of operations that actually would have been achieved had the acquisition consummated as of that time, nor is it intended to be a projection of future results.

Restriction on Cash and Due From Banks	12 Months Ended
Restriction on Cash and Due From Banks	Dec. 31, 2013
Cash and Cash Equivalents [Abstract]
Restriction on Cash and Due From Banks	RESTRICTION ON CASH AND DUE FROM BANKS The Corporation considers all liquid investments with original maturities of three months or less to be cash equivalents. As of December 31, 2013, cash and cash equivalents is defined to include cash on hand, deposits in other institutions and federal funds sold. Effective October 3, 2008, the FDIC’s insurance limits temporarily increased to $250,000. On July 21, 2010, the Dodd-Frank Wall Street Reform and Consumer Protection Act (“Dodd-Frank Act”) was signed into law, which, in part, permanently raised the standard maximum deposit insurance amount to $250,000. On November 9, 2010, the FDIC implemented section 343 of the Dodd-Frank Act providing unlimited insurance coverage on noninterest-bearing transaction accounts. Beginning December 31, 2010, through December 31, 2012, all noninterest-bearing transaction accounts were fully insured, regardless of the balance of the account, at all FDIC-insured institutions. As of January 1, 2013, noninterest-bearing transaction deposit accounts are no longer insured separately from other accounts at the same FDIC-insured institution. Instead, noninterest-bearing transaction accounts are added to any of the Corporation's other accounts, and the aggregate balance insured up to at least the Standard Maximum Deposit Insurance Amount of $250,000, at each institution. At December 31, 2013, the Corporation’s interest-bearing cash accounts and noninterest-bearing transaction deposits held at other institutions exceeded federally insured limits by approximately $40,420,000. Each correspondent bank’s financial performance and market rating are reviewed on a quarterly basis to ensure the Corporation has deposits only at institutions providing minimal risk for those exceeding the federally insured limits. Additionally, the Corporation had approximately $38,583,000 at the Federal Home Loan Bank and Federal Reserve Bank, which are government-sponsored entities not insured by the FDIC. The Corporation is required to maintain reserve funds in cash and/or on deposit with the Federal Reserve Bank. The reserve required at December 31, 2013, was $29,015,000.

The entire disclosure for cash and cash equivalent footnotes, which may include the types of deposits and money market instruments, applicable carrying amounts, restricted amounts and compensating balance arrangements. Cash and equivalents include: (1) currency on hand (2) demand deposits with banks or financial institutions (3) other kinds of accounts that have the general characteristics of demand deposits (4) short-term, highly liquid investments that are both readily convertible to known amounts of cash and so near their maturity that they present insignificant risk of changes in value because of changes in interest rates. Generally, only investments maturing within three months from the date of acquisition qualify.

Investments, Debt and Equity Securities [Abstract]

Investment Securities

12 Months Ended

Dec. 31, 2013

Investment Securities

INVESTMENT SECURITIES

The amortized cost, gross unrealized gains, gross unrealized losses and approximate market value of the investment securities at the dates indicated were:



	Amortized Cost		Gross Unrealized Gains		Gross Unrealized Losses		Fair Value
Available for sale at December 31, 2013
U.S. Treasury	$	15,914	$	80	$	21	$	15,973
U.S. Government-sponsored agency securities	3,550		12		17		3,545
State and municipal	231,005		3,878		3,896		230,987
U.S. Government-sponsored mortgage-backed securities	279,299		3,926		1,973		281,252
Corporate obligations	6,374				3,636		2,738
Equity securities	1,706						1,706
Total available for sale	537,848		7,896		9,543		536,201
Held to maturity at December 31, 2013
State and municipal	145,941		62		91		145,912
U.S. Government-sponsored mortgage-backed securities	413,437		5,220		3,722		414,935
Total held to maturity	559,378		5,282		3,813		560,847
Total Investment Securities	$	1,097,226	$	13,178	$	13,356	$	1,097,048

Available for sale at December 31, 2012
U.S. Government-sponsored agency securities	$	4,475	$	165			$	4,640
State and municipal	148,187		10,025		$	18	158,194
U.S. Government-sponsored mortgage-backed securities	337,631		10,994		46		348,579
Corporate obligations	6,105				5,881		224
Equity securities	1,706						1,706
Total available for sale	498,104		21,184		5,945		513,343
Held to maturity at December 31, 2012
State and municipal	117,227		5,489		1		122,715
U.S. Government-sponsored mortgage-backed securities	243,793		11,681		15		255,459
Total held to maturity	361,020		17,170		16		378,174
Total Investment Securities	$	859,124	$	38,354	$	5,961	$	891,517

Certain investments in debt securities are reported in the financial statements at an amount less than their historical cost. The historical cost of these investments totaled $490,488,000 and $22,999,000 at December 31, 2013 and 2012, respectively. Total fair value of these investments was $477,132,000 and $17,038,000, which is approximately 43.6 and 1.9 percent of the Corporation's available for sale and held to maturity investment portfolio at December 31, 2013 and 2012, respectively.

Except as discussed below, management believes the declines in fair value for these securities are temporary. Should the impairment of any of these securities become other-than-temporary, the cost basis of the investment will be reduced and the resulting loss recognized in net income in the period the other-than-temporary impairment (“OTTI”) is identified.

The Corporation’s management has evaluated all securities with unrealized losses for OTTI as of December 31, 2013. The evaluations are based on the nature of the securities, the extent and duration of the loss and the intent and ability of the Corporation to hold these securities either to maturity or through the expected recovery period.

In determining the fair value of the trust preferred securities, the Corporation utilizes a third party for portfolio accounting services, including market value input. The Corporation has obtained an understanding of what inputs are being used by the vendor in pricing the portfolio and how the vendor was classifying these securities based upon these inputs. From these discussions, the Corporation’s management is comfortable that the classifications are proper. The Corporation has gained trust in the data for two reasons: (a) independent spot testing of the data is conducted by the Corporation through obtaining market quotes from various brokers on a periodic basis and (b) actual gains or loss resulting from the sale of certain securities has proven the data to be accurate over time. Discount rates used in the cash flow analysis on these variable rate securities were those margins in effect at the inception of the security added to the appropriate three-month LIBOR spot rate obtained from the forward LIBOR curve used to project future principal and interest payments. These spreads ranged from .85 percent to 1.57 percent spread over LIBOR. On all but one small pool investment, the Corporation utilized Standard and Poor's to determine their fair value.

U.S. Treasury Securities

The unrealized losses on the Corporation's investment in U.S. Treasury securities were a result of interest rate changes. The Corporation expects to recover the amortized cost basis over the term of the securities. Because the decline in market value is attributable to changes in interest rates and not credit quality, and because the Corporation does not intend to sell the investments and it is not more likely than not, the Corporation will be required to sell the investments before recovery of their amortized cost basis, which may be maturity, the Corporation does not consider those investments to be other-than-temporarily impaired at December 31, 2013. As noted in the table above, the U.S. Treasury securities portfolio contains unrealized losses of $21,000 on one security.

U.S. Government-Sponsored Agency Securities

The unrealized losses on the Corporation's investment in U.S. Government-Sponsored Agency securities were a result of interest rate changes. The Corporation expects to recover the amortized cost basis over the term of the securities. Because the decline in market value is attributable to changes in interest rates and not credit quality, and because the Corporation does not intend to sell the investments and it is not more likely than not, the Corporation will be required to sell the investments before recovery of their amortized cost basis, which may be maturity, the Corporation does not consider those investments to be other-than-temporarily impaired at December 31, 2013. As noted in the table above, the U.S. Government-Sponsored Agency securities portfolio contains unrealized losses of $17,000 on three securities.

U.S. Government-Sponsored Mortgage-Backed Securities

The unrealized losses on the Corporation's investment in mortgage-backed securities were a result of interest rate changes. The Corporation expects to recover the amortized cost basis over the term of the securities. Because the decline in market value is attributable to changes in interest rates and not credit quality, and because the Corporation does not intend to sell the investments and it is not more likely than not, the Corporation will be required to sell the investments before recovery of their amortized cost basis, which may be maturity, the Corporation does not consider those investments to be other-than-temporarily impaired at December 31, 2013. As noted in the table above, the mortgage-backed securities portfolio contains unrealized losses of $1,973,000 on twenty-six securities and $3,722,000 on forty-five securities in the available for sale and held to maturity portfolios, respectively. All these securities are issued by a government-sponsored entity.

State and Municipal Securities

The unrealized losses on the Corporation's investments in securities of state and political subdivisions were caused by interest rate increases. The contractual terms of those investments do not permit the issuer to settle the securities at a price less than the amortized cost basis of the investments. Because the Corporation does not intend to sell the investments and it is not more likely than not the Corporation will be required to sell the investments before recovery of their amortized cost basis, which may be maturity, the Corporation does not consider those investments to be other-than-temporarily impaired at December 31, 2013. As noted in the table above, the state and political subdivision securities portfolio contains unrealized losses of $3,896,000 on 137 securities and $91,000 on forty-one securities in the available for sale and held to maturity portfolios respectively.

Corporate Obligations

The Corporation’s unrealized losses on trust preferred securities total $3.6 million on a book value of $6.4 million. On all but one small pool investment, the Corporation utilized Standard and Poor's to determine their fair value. The decline in value is attributable to temporary illiquidity and the financial crisis affecting these markets coupled with the potential credit loss resulting from the adverse change in expected cash flows. Due to the illiquidity in the market, it is unlikely that the Corporation would be able to recover its investment in these securities if the Corporation sold the securities at this time. Management has analyzed the cash flow characteristics of the securities and this analysis included utilizing the most recent trustee reports and any other relevant market information, including announcements of deferrals or defaults of trust preferred securities. The Corporation compared expected discounted cash flows, based on performance indicators of the underlying assets in the security, to the carrying value of the investment to determine if OTTI existed. The Corporation does not consider the remainder of the investment securities, which are classified as Level 3 inputs in the fair value hierarchy, to be other-than-temporarily impaired at December 31, 2013. The Corporation does not intend to sell the investment, and it is not more likely than not that the Corporation will be required to sell the investment before recovery of its new, lower amortized cost basis, which may be maturity.

Certain Losses Recognized on Investments

Certain debt securities have experienced fair value deterioration due to credit losses and other market factors. The following table provides information about debt securities for which only a credit loss was recognized in income and other losses are recorded in other comprehensive income.



	Accumulated Credit Losses in		Accumulated Credit Losses in
	2013		2012
Credit losses on debt securities held:
Balance, January 1	$	11,355	$	11,355
Additions related to other-than-temporary losses not previously recognized
Balance, December 31	$	11,355	$	11,355

The following table shows the Corporation’s gross unrealized losses and fair value, aggregated by investment category and length of time that individual securities have been in a continuous unrealized loss position at December 31, 2013 and 2012:



	Fair Value		Gross Unrealized Losses		Fair Value		Gross Unrealized Losses		Fair Value		Gross Unrealized Losses
	Less than 12 Months				12 Months or Longer				Total
Temporarily Impaired Investment
Securities at December 31, 2013
U.S. Treasury	$	4,875	$	21					$	4,875	$	21
U.S. Government-sponsored Agency securities	3,433		17						3,433		17
State and municipal	129,109		3,931		$	767	$	56	129,876		3,987
U.S. Government-sponsored mortgage-backed securities	330,914		5,163		5,323		532		336,237		5,695
Corporate obligations					2,711		3,636		2,711		3,636
Total Temporarily Impaired Investment Securities	$	468,331	$	9,132	$	8,801	$	4,224	$	477,132	$	13,356

Temporarily Impaired Investment
Securities at December 31, 2012
State and municipal	$	4,524	$	19					$	4,524	$	19
U.S. Government-sponsored mortgage-backed securities	12,320		61						12,320		61
Corporate obligations					$	194	$	5,881	194		5,881
Total Temporarily Impaired Investment Securities	$	16,844	$	80	$	194	$	5,881	$	17,038	$	5,961

The amortized cost and fair value of securities available for sale and held to maturity at December 31, 2013 by contractual maturity are shown below. Expected maturities will differ from contractual maturities because issuers may have the right to call or prepay obligations with or without call or prepayment penalties.



	Available for Sale				Held to Maturity
	Amortized Cost		Fair Value		Amortized Cost		Fair Value
Maturity Distribution at December 31, 2013
Due in one year or less	$	9,755	$	9,912	$	4,446	$	4,442
Due after one through five years	27,096		27,606		17,129		17,324
Due after five through ten years	50,169		50,739		77,012		76,860
Due after ten years	169,823		164,986		47,354		47,286
	$	256,843	$	253,243	$	145,941	$	145,912
U.S. Government-sponsored mortgage-backed securities	279,299		281,252		413,437		414,935
Equity securities	1,706		1,706
Total Investment Securities	$	537,848	$	536,201	$	559,378	$	560,847

Securities with a carrying value of approximately $373,533,000, $345,866,000 and $306,024,000 were pledged at December 31, 2013, 2012 and 2011, respectively, to secure certain deposits and securities sold under repurchase agreements, and for other purposes as permitted or required by law.

Gross gains of $487,000, $2,389,000 and $2,439,000 in 2013, 2012 and 2011, respectively, and there were no gross losses in 2013, 2012 and 2011, respectively, were realized on sales of available for sale securities.

The entire disclosure for investments in certain debt and equity securities.

Loans and Allowance

12 Months Ended

Dec. 31, 2013

Loans and Allowance

LOANS AND ALLOWANCE

The Corporation's primary lending focus is small business and middle market commercial, commercial real estate, residential real estate, auto and small consumer lending, which results in portfolio diversification. The following tables show the composition of the loan portfolio, loan grades and the allowance for loan losses excluding loans held for sale. Residential real estate loans held for sale at December 31, 2013, and December 31, 2012, were $5,331,000 and $22,300,000, respectively.

The following table shows the composition of the Corporation’s loan portfolio by loan class for the years indicated:



	December 31, 2013			December 31, 2012

Commercial and industrial loans	$	761,705		$	622,579
Agricultural production financing and other loans to farmers	114,348			112,527
Real estate loans:
Construction	177,082			98,639
Commercial and farmland	1,611,809			1,266,682
Residential	616,385			473,537
Home Equity	255,223			203,406
Individuals' loans for household and other personal expenditures	69,783			75,748
Lease financing receivables, net of unearned income	1,545			2,590
Other loans	24,529			46,501
Loans	3,632,409			2,902,209
Allowance for loan losses	(67,870		)	(69,366		)
Net Loans	$	3,564,539		$	2,832,843

Purchased Loans

On February 10, 2012, the Bank assumed $113.0 million in loans as part of the Purchase and Assumption Agreement discussed in NOTE 2. PURCHASE AND ASSUMPTION included in the Notes to Consolidated Condensed Financial Statements of this Form 10-K. This loan portfolio was acquired at a fair value discount of $19.2 million.

On November 12, 2013, the Corporation acquired all of the assets of CFS Bancorp, Inc. as discussed in NOTE 3. BUSINESS COMBINATIONS included in the Notes to Consolidated Condensed Financial Statements of this Form 10-K. The acquired assets included $639.6 million in loans which were acquired at a fair value discount of $36.5 million.

In conformance with ASC 805 and ASC 820, loans purchased after December 31, 2008 are recorded at the acquisition date fair value. Such loans are only included in the allowance to the extent a specific impairment is identified that exceeds the fair value adjustment on an impaired loan or the historical loss and environmental factor analysis indicates losses inherent in a purchased portfolio exceeds the fair value adjustment on the portion of the purchased portfolio not deemed impaired.

Allowance, Credit Quality and Loan Portfolio

The Corporation maintains an allowance for loan losses to cover probable credit losses identified during its loan review process. Management believes that the allowance for loan losses is adequate to cover probable losses inherent in the loan portfolio at December 31, 2013. The process for determining the adequacy of the allowance for loan losses is critical to the Corporation’s financial results. It requires management to make difficult, subjective and complex judgments, to estimate the effect of uncertain matters. The allowance for loan losses considers current factors, including economic conditions and ongoing internal and external examinations, and will increase or decrease as deemed necessary to ensure the allowance remains adequate. In addition, the allowance as a percentage of charge offs and nonperforming loans will change at different points in time based on credit performance, loan mix and collateral values.

The allowance is increased by the provision for loan losses and decreased by charge offs less recoveries. All charge offs are approved by the Bank’s senior loan officers or loan committees, depending on the amount of the charge off. The Bank charges off a loan when a determination is made that all or a portion of the loan is uncollectible. The allowance for loan losses is maintained through the provision for loan losses, which is a charge against earnings. The amount provided for loan losses in a given period may be greater than or less than net loan losses experienced during the period, and is based on management’s judgment as to the appropriate level of the allowance for loan losses. The determination of the provision amount in a given period is based on management’s ongoing review and evaluation of the loan portfolio, including an internally administered loan "watch" list and independent loan reviews. The evaluation takes into consideration identified credit problems, the possibility of losses inherent in the loan portfolio that are not specifically identified and management’s judgment as to the impact of the current environment and economic conditions on the portfolio.

The allowance consists of specific impairment reserves as required by ASC 310-10-35, a component for historical losses in accordance with ASC 450 and the consideration of current environmental factors in accordance with ASC 450. A loan is deemed impaired when, based on current information or events, it is probable that all amounts due of principal and interest according to the contractual terms of the loan agreement will not be collected.

The historical loss allocation for loans not deemed impaired according to ASC 310 is the product of the volume of loans within the non-impaired criticized and non-criticized risk grade classifications, each segmented by call code, and the historical loss factor for each respective classification and call code segment. The historical loss factors are based upon actual loss experience within each risk and call code classification. The historical look back period for non-criticized loans looks to the most recent rolling-four-quarter average and aligns with the look back period for non-impaired criticized loans. Each of the rolling four quarter periods used to obtain the average, include all charge offs for the previous twelve-month period, therefore the historical look back period includes seven quarters. The resulting allocation is reflective of current conditions. Criticized loans are grouped based on the risk grade assigned to the loan. Loans with a special mention grade are assigned a loss factor, and loans with a classified grade but not impaired are assigned a separate loss factor. The loss factor computation for this allocation includes a segmented historical loss migration analysis of criticized risk grades to charge off.

In addition to the specific reserves and historical loss components of the allowance, consideration is given to various environmental factors to help ensure that losses inherent in the portfolio are reflected in the allowance for loan losses. The environmental component adjusts the historical loss allocations for commercial and consumer loans to reflect relevant current conditions that, in management's opinion, have an impact on loss recognition. Environmental factors that management reviews in the analysis include: national and local economic trends and conditions; trends in growth in the loan portfolio and growth in higher risk areas; levels of, and trends in, delinquencies and non-accruals; experience and depth of lending management and staff; adequacy of, and adherence to, lending policies and procedures including those for underwriting; industry concentrations of credit; and adequacy of risk identification systems and controls through the internal loan review and internal audit processes.

The following table summarizes changes in the allowance for loan losses by loan segment for the twelve months ended December 31, 2013, December 31, 2012 and December 31, 2011:



	Twelve Months Ended December 31, 2013
	Commercial			Commercial Real Estate			Consumer			Residential			Finance Leases			Total
Allowance for loan losses:
Balances, January 1	$	25,913		$	26,703		$	2,593		$	14,157					$	69,366
Provision for losses	2,794			340			(11		)	3,514			$	11		6,648
Recoveries on loans	4,586			3,552			556			1,292			4			9,990
Loans charged off	(6,117		)	(7,493		)	(623		)	(3,886		)	(15		)	(18,134		)
Balances, December 31, 2013	$	27,176		$	23,102		$	2,515		$	15,077					$	67,870



	Twelve Months Ended December 31, 2012
	Commercial			Commercial Real Estate			Consumer			Residential			Finance Leases			Total
Allowance for loan losses:
Balances, January 1	$	17,731		$	37,919		$	2,902		$	12,343		$	3		$	70,898
Provision for losses	14,749			(2,546		)	126			6,176			29			18,534
Recoveries on loans	1,744			3,652			695			1,113			2			7,206
Loans charged off	(8,311		)	(12,322		)	(1,130		)	(5,475		)	(34		)	(27,272		)
Balances, December 31, 2012	$	25,913		$	26,703		$	2,593		$	14,157					$	69,366



	Twelve Months Ended December 31, 2011
	Commercial			Commercial Real Estate			Consumer			Residential			Finance Leases			Total
Allowance for loan losses:
Balances, January 1	$	32,508		$	36,341		$	3,622		$	10,408		$	98		$	82,977
Provision for losses	(13,787		)	28,574			(221		)	8,166			(102		)	22,630
Recoveries on loans	8,828			2,811			942			1,176			7			13,764
Loans charged off	(9,818		)	(29,807		)	(1,441		)	(7,407		)				(48,473		)
Balances, December 31, 2011	$	17,731		$	37,919		$	2,902		$	12,343		$	3		$	70,898

The following tables show the Corporation’s allowance for credit losses and loan portfolio by loan segment for the years indicated:



	December 31, 2013
	Commercial		Commercial Real Estate		Consumer		Residential		Finance Leases		Total
Allowance Balances:
Individually evaluated for impairment	$	585	$	763			$	6			$	1,354
Collectively evaluated for impairment	26,493		22,208		$	2,515	15,071				66,287
Loans Acquired with Deteriorated Credit Quality	98		131								229
Total Allowance for Loan Losses	$	27,176	$	23,102	$	2,515	$	15,077			$	67,870
Loan Balances:
Individually evaluated for impairment	$	10,240	$	29,007			$	2,820			$	42,067
Collectively evaluated for impairment	882,794		1,690,285		$	69,783	867,094		$	1,545	3,511,501
Loans Acquired with Deteriorated Credit Quality	7,548		69,599				1,694				78,841
Loans	$	900,582	$	1,788,891	$	69,783	$	871,608	$	1,545	$	3,632,409



	December 31, 2012
	Commercial		Commercial Real Estate		Consumer		Residential		Finance Leases		Total
Allowance Balances:
Individually evaluated for impairment	$	1,628	$	2,565			$	50			$	4,243
Collectively evaluated for impairment	24,285		24,138		$	2,593	14,107				65,123
Loans Acquired with Deteriorated Credit Quality
Total Allowance for Loan Losses	$	25,913	$	26,703	$	2,593	$	14,157			$	69,366
Loan Balances:
Individually evaluated for impairment	$	14,190	$	45,394			$	8,515			$	68,099
Collectively evaluated for impairment	765,707		1,309,912		$	75,748	667,401		$	2,590	2,821,358
Loans Acquired with Deteriorated Credit Quality	1,710		10,015				1,027				12,752
Loans	$	781,607	$	1,365,321	$	75,748	$	676,943	$	2,590	$	2,902,209

The risk characteristics of the Corporation’s material portfolio segments are as follows:

Commercial

Commercial loans are primarily based on the identified cash flows of the borrower and secondarily on the underlying collateral provided by the borrower. The cash flows of borrowers, however, may not be as expected and the collateral securing these loans may fluctuate in value. Most commercial loans are secured by the assets being financed or other business assets such as accounts receivable or inventory and may incorporate a personal guarantee; however, some short-term loans may be made on an unsecured basis. In the case of loans secured by accounts receivable, the availability of funds for the repayment of these loans may be substantially dependent on the ability of the borrower to collect amounts due from its customers.

Commercial real estate

These loans are viewed primarily as cash flow loans and secondarily as loans secured by real estate. Commercial real estate lending typically involves higher loan principal amounts and the repayment of these loans is generally dependent on the successful operation of the property securing the loan or the business conducted on the property securing the loan. Commercial real estate loans may be more adversely affected by conditions in the real estate markets or in the general economy. Management monitors and evaluates commercial real estate loans based on collateral and risk grade criteria. In addition, management tracks the level of owner-occupied commercial real estate loans versus non-owner occupied loans.

Residential and Consumer

With respect to residential loans that are secured by 1-4 family residences and are generally owner occupied, the Corporation generally establishes a maximum loan-to-value ratio and requires private mortgage insurance if that ratio is exceeded. Home equity loans are typically secured by a subordinate interest in 1-4 family residences, and consumer loans are secured by consumer assets such as automobiles or recreational vehicles. Some consumer loans are unsecured such as small installment loans and certain lines of credit. Repayment of these loans is primarily dependent on the personal income and credit rating of the borrowers, which can be impacted by economic conditions in their market areas such as unemployment levels. Repayment can also be impacted by changes in property values on residential properties. Risk is mitigated by the fact that the loans are of smaller individual amounts and spread over a large number of borrowers.

Loans are reclassified to a non-accruing status when, in management’s judgment, the collateral value and financial condition of the borrower do not justify accruing interest. Interest previously recorded, but not deemed collectible, is reversed and charged against current income. Payments subsequently received on non-accrual loans are applied to principal. A loan is returned to accrual status when principal and interest are no longer past due and collectability is probable, typically after a minimum of six consecutive months of performance. Payments received on impaired accruing or delinquent loans are applied to interest income as accrued.

The following table summarizes the Corporation’s non-accrual loans by loan class for the years indicated:



	December 31, 2013		December 31, 2012
Commercial and industrial loans	$	9,283	$	12,195
Agriculture Production financing and other loans to farmers	30
Real Estate Loans:
Construction	4,978		4,814
Commercial and farmland	28,095		22,612
Residential	12,068		11,476
Home Equity	1,667		1,997
Individuals' loans for household and other personal expenditures	117
Lease financing receivables, net of unearned income			301
Other Loans	164		4
Total	$	56,402	$	53,399

Commercial impaired loans include all non-accrual loans, loans accounted for under ASC 310-30 and renegotiated loans, as well as substandard, doubtful and loss grade loans that were still accruing but deemed impaired according to guidance set forth in ASC 310. Also included in impaired loans are accruing loans that are contractually past due 90 days or more and troubled debt restructurings.

Allowable methods for determining the amount of impairment include estimating fair value using the fair value of the collateral for collateral dependent loans. If the impaired loan is identified as collateral dependent, then the fair value method of measuring the amount of impairment is utilized. This method requires obtaining a current independent appraisal of the collateral and applying a discount factor to the value. The fair value of real estate is generally based on appraisals by qualified licensed appraisers. The appraisers typically determine the value of the real estate by utilizing an income or market valuation approach. If an appraisal is not available, the fair value may be determined by using a cash flow analysis. Fair value on other collateral such as business assets is typically ascertained by assessing, either singularly or some combination of, asset appraisals, accounts receivable aging reports, inventory listings and or customer financial statements. Both appraised values and values based on borrower’s financial information are discounted as considered appropriate based on age and quality of the information and current market conditions.

The following tables show the composition of only the Corporation’s commercial impaired loans by loan class for the years indicated:



	December 31, 2013
	Unpaid Principal Balance		Recorded Investment		Related Allowance		Average Recorded Investment		Interest Income Recognized
Impaired loans with no related allowance:
Commercial and industrial loans	$	35,066	$	16,371			$	19,209	$	192
Agriculture production financing and other loans to farmers	32		30				32
Real Estate Loans:
Construction	16,109		10,625				11,621		117
Commercial and farmland	128,073		83,033				84,057		1,663
Residential	6,746		3,910				4,236		75
Home equity	3,299		112				225
Other loans	454		172				181		1
Total	$	189,779	$	114,253			$	119,561	$	2,048
Impaired loans with related allowance:
Commercial and industrial loans	$	1,390	$	1,216	$	683	$	1,240	$	9
Real Estate Loans:
Construction
Commercial and farmland	4,657		4,215		894		4,291		9
Residential	74		71		6		76
Total	$	6,121	$	5,502	$	1,583	$	5,607	$	18
Total Impaired Loans	$	195,900	$	119,755	$	1,583	$	125,168	$	2,066



	December 31, 2012
	Unpaid Principal Balance		Recorded Investment		Related Allowance		Average Recorded Investment		Interest Income Recognized
Impaired loans with no related allowance:
Commercial and industrial loans	$	28,532	$	11,730			$	15,089	$	124
Real Estate Loans:
Construction	9,787		5,164				6,471		66
Commercial and farmland	58,173		43,204				46,788		1,211
Residential	8,820		6,215				7,129		83
Home equity	4,199		1,006				1,022		13
Other loans	83		14				18		1
Total	$	109,594	$	67,333			$	76,517	$	1,498
Impaired loans with related allowance:
Commercial and industrial loans	$	4,415	$	4,155	$	1,628	$	4,225	$	33
Real Estate Loans:
Construction	1,202		1,058		105		1,175
Commercial and farmland	5,579		5,182		2,460		5,239		95
Residential	1,722		1,451		50		1,458		75
Total	$	12,918	$	11,846	$	4,243	$	12,097	$	203
Total Impaired Loans	$	122,512	$	79,179	$	4,243	$	88,614	$	1,701



	December 31, 2011
	Unpaid Principal Balance		Recorded Investment		Related Allowance		Average Recorded Investment		Interest Income Recognized
Impaired loans with no related allowance:
Commercial and industrial loans	$	23,364	$	10,116			$	13,399	$	615
Real Estate Loans:
Construction	14,301		7,701				8,836
Commercial and farmland	49,242		34,571				39,032		591
Residential	7,491		6,185				6,539		20
Home equity	4,425		1,241				1,500		15
Other loans	99		21				24
Total	$	98,922	$	59,835			$	69,330	$	1,241
Impaired loans with related allowance:
Commercial and industrial loans	$	8,691	$	8,104	$	4,142	$	8,196	$	174
Real Estate Loans:
Construction	961		961		321		961
Commercial and farmland	12,115		8,748		2,183		10,028		140
Residential	1,888		1,575		391		1,687		7
Other loans	579		552		559		590
Total	$	24,234	$	19,940	$	7,596	$	21,462	$	321
Total Impaired Loans	$	123,156	$	79,775	$	7,596	$	90,792	$	1,562

As part of the ongoing monitoring of the credit quality of the Corporation's loan portfolio, management tracks certain credit quality indicators including trends related to: (i) the level of criticized commercial loans, (ii) net charge offs, (iii) non-performing loans and (iv) the general national and local economic conditions.

The Corporation utilizes a risk grading of pass, special mention, substandard, doubtful and loss to assess the overall credit quality of large commercial loans. All large commercial credit grades are reviewed at a minimum of once a year for pass grade loans. Loans with grades below pass are reviewed more frequently depending on the grade. A description of the general characteristics of these grades is as follows:


•	Pass - Loans that are considered to be of acceptable credit quality.

•

Special Mention - Loans which possess some credit deficiency or potential weakness, which deserves close attention. If left uncorrected, these potential weaknesses may result in deterioration of the repayment prospects for the asset or in the Corporation's credit position at some future date. Special mention assets are not adversely classified and do not expose the Corporation to sufficient risk to warrant adverse classification. The key distinctions of this category's classification are that it is indicative of an unwarranted level of risk; and weaknesses are considered “potential”, not “defined”, impairments to the primary source of repayment. Examples include businesses that may be suffering from inadequate management, loss of key personnel or significant customer or litigation.

•

Substandard - A substandard loan is inadequately protected by the current net worth and paying capacity of the obligor or of the collateral pledged, if any. Assets so classified have a well-defined weakness that jeopardizes the liquidation of the debt. They are characterized by the distinct possibility that the Corporation will sustain some loss if the deficiencies are not corrected. Other characteristics may include:



	o	the likelihood that a loan will be paid from the primary source of repayment is uncertain or financial deterioration is underway and very close attention is warranted to ensure that the loan is collected without loss,



	o	the primary source of repayment is gone, and the Corporation is forced to rely on a secondary source of repayment, such as collateral liquidation or guarantees,



	o	loans have a distinct possibility that the Corporation will sustain some loss if deficiencies are not corrected,



	o	unusual courses of action are needed to maintain a high probability of repayment,



	o	the borrower is not generating enough cash flow to repay loan principal; however, it continues to make interest payments,



	o	the Corporation is forced into a subordinated or unsecured position due to flaws in documentation,



	o	loans have been restructured so that payment schedules, terms and collateral represent concessions to the borrower when compared to the normal loan terms,



	o	the Corporation is seriously contemplating foreclosure or legal action due to the apparent deterioration of the loan, and



	o	there is significant deterioration in market conditions to which the borrower is highly vulnerable.

•

Doubtful - Loans that have all of the weaknesses of those classified as Substandard. However, based on currently existing facts, conditions and values, these weaknesses make full collection of principal highly questionable and improbable. Other credit characteristics may include the primary source of repayment is gone or there is considerable doubt as to the quality of the secondary sources of repayment. The possibility of loss is high, but because of certain important pending factors that may strengthen the loan, loss classification is deferred until the exact status of repayment is known.


•	Loss – Loans that are considered uncollectible and of such little value that continuing to carry them as an asset is not warranted. Loans will be classified as Loss when it is neither practical not desirable to defer writing off or reserving all or a portion of a basically worthless asset, even though partial recovery may be possible at some time in the future.

The following tables summarize the credit quality of the Corporation’s loan portfolio, by loan class for the years indicated. Consumer non-performing loans include accruing consumer loans 90 plus days delinquent and consumer non-accrual loans. The entire balance of a loan is considered delinquent if the minimum payment contractually required to be made is not received by the specified date. Loans that evidenced deterioration of credit quality since origination and it was probable, at acquisition, that all contractually required payments would not be collected are included in the applicable categories below.



	December 31, 2013
	Commercial Pass		Commercial Special Mention		Commercial Substandard		Commercial Doubtful		Commercial Loss	Consumer Performing		Consumer Non Performing		Total
Commercial and Industrial loans	$	708,835	$	11,332	$	41,013	$	525						$	761,705
Agriculture production financing and other loans to farmers	114,318				30									114,348
Real Estate Loans:
Construction	162,976		1,132		12,029							$	945	177,082
Commercial and farmland	1,473,714		57,676		80,184							235		1,611,809
Residential	143,657		2,232		11,494		136			$	448,494	10,372		616,385
Home Equity	6,194		35		1,184					246,101		1,709		255,223
Individuals' loans for household and other personal expenditures										69,666		117		69,783
Lease financing receivables, net of unearned income	1,420				125									1,545
Other Loans	24,334				195									24,529
Loans	$	2,635,448	$	72,407	$	146,254	$	661		$	764,261	$	13,378	$	3,632,409



	December 31, 2012
	Commercial Pass		Commercial Special Mention		Commercial Substandard		Commercial Doubtful		Commercial Loss	Consumer Performing		Consumer Non Performing		Total
Commercial and Industrial loans	$	559,852	$	23,678	$	34,460	$	4,589						$	622,579
Agriculture production financing and other loans to farmers	112,209		224		94									112,527
Real Estate Loans:
Construction	85,728		1,384		11,356							$	171	98,639
Commercial and farmland	1,148,561		38,199		79,078		553					291		1,266,682
Residential	145,402		5,437		13,880		922			$	301,614	6,282		473,537
Home Equity	9,092		893		1,657					189,721		2,043		203,406
Individuals' loans for household and other personal expenditures										75,748				75,748
Lease financing receivables, net of unearned income										2,289		301		2,590
Other Loans	46,473				28									46,501
Loans	$	2,107,317	$	69,815	$	140,553	$	6,064		$	569,372	$	9,088	$	2,902,209

The following tables show a past due aging of the Corporation’s loan portfolio, by loan class, for the years indicated:



	December 31, 2013
	Current		30-59 Days Past Due		60-89 Days Past Due		Loans > 90 Days And Accruing		Non-Accrual		Total Past Due & Non-Accrual		Total
Commercial and industrial loans	$	749,020	$	2,628	$	774			$	9,283	$	12,685	$	761,705
Agriculture production financing and other loans to farmers	114,305		13						30		43		114,348
Real Estate Loans:
Construction	171,046		1,058						4,978		6,036		177,082
Commercial and farmland	1,573,403		3,807		5,801		$	703	28,095		38,406		1,611,809
Residential	595,192		7,156		1,475		494		12,068		21,193		616,385
Home equity	251,188		1,652		563		153		1,667		4,035		255,223
Individuals' loans for household and other personal expenditures	69,061		550		55				117		722		69,783
Lease financing receivables, net of unearned income	1,545												1,545
Other loans	24,365								164		164		24,529
Loans	$	3,549,125	$	16,864	$	8,668	$	1,350	$	56,402	$	83,284	$	3,632,409



	December 31, 2012
	Current		30-59 Days Past Due		60-89 Days Past Due		Loans > 90 Days And Accruing		Non-Accrual		Total Past Due & Non-Accrual		Total
Commercial and industrial loans	$	607,442	$	2,628	$	144	$	170	$	12,195	$	15,137	$	622,579
Agriculture production financing and other loans to farmers	112,527												112,527
Real Estate Loans:
Construction	93,426		399						4,814		5,213		98,639
Commercial and farmland	1,238,907		3,276		1,822		65		22,612		27,775		1,266,682
Residential	453,743		5,734		1,338		1,246		11,476		19,794		473,537
Home equity	199,063		1,467		323		556		1,997		4,343		203,406
Individuals' loans for household and other personal expenditures	74,919		799		30						829		75,748
Lease financing receivables, net of unearned income	2,289								301		301		2,590
Other loans	46,497								4		4		46,501
Loans	$	2,828,813	$	14,303	$	3,657	$	2,037	$	53,399	$	73,396	$	2,902,209

See the information regarding the analysis of loan loss experience in the “LOAN QUALITY" section of Management’s Discussion and Analysis of Financial Condition and Results of Operations included as Item 7 of this Annual Report on Form 10-K.

On occasion, borrower experience declines in income and cash flow. As a result, these borrowers seek to reduce contractual cash outlays including debt payments. Concurrently, in an effort to preserve and protect its earning assets, specifically troubled loans, the Corporation is working to maintain its relationship with certain customers who are experiencing financial difficulty by contractually modifying the borrower's debt agreement with the Corporation. In certain loan restructuring situations, the Corporation may grant a concession to a debtor experiencing financial difficulty, resulting in a trouble debt restructuring. A concession is deemed to be granted when, as a result of the restructuring, the Corporation does not expect to collect all amounts due, including interest accrued at the original contract rate. If the payment of principal at original maturity is primarily dependent on the value of collateral, the current value of the collateral is considered in determining whether the principal will be paid.

The following tables summarize troubled debt restructurings that occurred during the periods ended December 31, 2013 and December 31, 2012:



	December 31, 2013
	Pre-Modification Recorded Balance		Post-Modification Recorded Balance		Number of Loans
Commercial and industrial loans	$	295	$	316	5
Real Estate Loans:
Commercial and farmland	6,506		5,492		11
Residential	809		804		12
Individuals' loans for household and other personal expenditures	143		145		4
Total	$	7,753	$	6,757	32



	December 31, 2012
	Pre-Modification Recorded Balance		Post-Modification Recorded Balance		Number of Loans
Commercial and industrial loans	$	1,562	$	1,547	9
Real Estate Loans:
Construction	794		653		2
Commercial and farmland	10,366		10,154		14
Residential	2,302		2,172		20
Individuals' loans for household and other personal expenditures	170		197		5
Total	$	15,194	$	14,723	50

The following tables show the recorded investment of troubled debt restructurings, by modification type, that occurred during the years indicated:



	December 31, 2013
	Term Modification		Rate Modification		Combination		Total Modification
Commercial and industrial loans	$	207			$	60	$	267
Real Estate Loans:
Commercial and farmland	1,388				1,985		3,373
Residential	167		$	237	351		755
Individuals' loans for household and other personal expenditures	61		38		25		124
Total	$	1,823	$	275	$	2,421	$	4,519



	December 31, 2012
	Term Modification		Rate Modification		Combination		Total Modification
Commercial and industrial loans	$	259			$	1,029	$	1,288
Real Estate Loans:
Construction					625		625
Commercial and farmland	6,668		$	903	381		7,952
Residential	525		380		995		1,900
Individuals' loans for household and other personal expenditures			7		183		190
Total	$	7,452	$	1,290	$	3,213	$	11,955

Loans secured by commercial and farm real estate made up 75 percent of the post-modification balances of the troubled debt restructured loans during the twelve months ending December 31, 2013. The second largest class of troubled debt restructurings during 2013 was residential real estate loans, accounting for 17 percent of the total post modification balances.

The following tables summarize troubled debt restructures that occurred during the twelve months ended December 31, 2013 and December 31, 2012, that subsequently defaulted during those periods:



	Twelve Months Ended December 31, 2013
	Number of Loans	Recorded Balance
Commercial and industrial loans	3	$	173
Real Estate Loans:
Commercial and farmland	2	1,034
Total	5	$	1,207



	Twelve Months Ended December 31, 2012
	Number of Loans	Recorded Balance
Commercial and industrial loans	1	$	23
Real Estate Loans:
Commercial and farmland	2	212
Residential	4	385
Total	7	$	620

For potential consumer loan restructures, impairment evaluation occurs prior to modification. Any subsequent impairment is typically addressed through the charge off process, or may be addressed through a specific reserve. Consumer troubled debt restructurings are generally included in the general historical allowance for loan loss at the post modification balance. Consumer non-accrual and delinquent troubled debt restructurings are also considered in the calculation of the non-accrual and delinquency trend environmental allowance allocation. Commercial troubled debt restructured loans risk graded special mention, substandard, doubtful and loss are individually evaluated for impairment under ASC 310. Any resulting specific reserves are included in the allowance for loan losses. Commercial 30 - 89 day delinquent troubled debt restructurings are included in the calculation of the delinquency trend environmental allowance allocation. All commercial non-impaired loans, including non-accrual and 90+ day delinquents, are included in the ASC 450 loss migration analysis.

The entire disclosure for claims held for amounts due a entity, excluding financing receivables. Examples include, but are not limited to, trade accounts receivables, notes receivables, loans receivables. Includes disclosure for allowance for credit losses.

Accounting For Certain Loans Acquired In a Purchase

12 Months Ended

Dec. 31, 2013

Accounting For Certain Loans Acquired In a Purchase

ACCOUNTING FOR CERTAIN LOANS ACQUIRED IN A PURCHASE

The Bank acquired loans in a purchase during the years ended December 31, 2013 and December 31, 2012. The following table includes the outstanding balance and carrying amount of these loans, which are included in the balance sheet amounts of loans receivable at December 31, 2013 and December 31, 2012.



	December 31, 2013						December 31, 2012
	CFS		SCB		Total		SCB
Commercial and industrial loans	$	81,303	$	8,184	$	89,487	$	12,645
Agricultural production financing and other loans to farmers			1,161		1,161		1,179
Real estate loans:
Construction	17,962				17,962		65
Commercial and farmland	311,631		23,418		335,049		30,303
Residential	166,754		9,359		176,113		13,724
Home Equity	49,042		18,236		67,278		21,544
Individuals' loans for household and other personal expenditures	2,360		269		2,629		705
Other Loans	132		407		539
Total	$	629,184	$	61,034	$	690,218	$	80,165

Carrying Amount	$	585,913	$	50,269	$	636,182	$	65,600
Allowance			229		229
Carrying Amount Net of Allowance	$	585,913	$	50,040	$	635,953	$	65,600

The balance of the allowance for loan losses and the corresponding provision expense for loans acquired and accounted for under ASC310-30 was $229,000 and $0 at December 31, 2013 and December 31, 2012, respectively.

Accretable yield, or income expected to be collected, is as follows:



	Twelve Months Ended December 31, 2013									Twelve Months Ended December 31, 2012
	CFS			SCB			Total			SCB
Beginning balance				$	5,142		$	5,142
Additions	$	13,599					13,599			$	9,774
Accretion	(164		)	(2,071		)	(2,235		)	(4,632		)
Reclassification from nonaccretable				2,888			2,888
Disposals				(95		)	(95		)
Ending balance	$	13,435		$	5,864		$	19,299		$	5,142

At acquisition, certain purchased loans evidenced deterioration of credit quality since origination and it was probable, at acquisition, that all contractually required payments would not be collected.

Certain loans purchased with evidence of credit deterioration since origination and for which it is probable that all contractually required payments will not be collected are considered to be credit impaired. Evidence of credit quality deterioration as of the purchase date may include information such as past-due and non-accrual status, borrower credit scores and recent loan to value percentages. Purchased credit-impaired loans are accounted for under the accounting guidance for loans and debt securities acquired with deteriorated credit quality (ASC 310-30) and initially measured at fair value, which includes estimated future credit losses expected to be incurred over the life of the loan. Accordingly, an allowance for credit losses related to these loans is not carried over and recorded at the acquisition date. Management estimated the cash flows expected to be collected at acquisition, which incorporated the estimate of current key assumptions, such as default rates, severity and prepayment speeds.

The following table presents loans acquired during the periods ending December 31, 2013 and 2012, for which it was probable at acquisition that all contractually required payments would not be collected:



	CFS - 2013		SCB - 2012
Contractually required payments receivable at acquisition date	$	109,839	$	31,143
Nonaccretable difference	22,679		9,688
Expected cash flows at acquisition date	87,160		21,455
Accretable difference	3,502		4,152
Basis in loans at acquisition date	$	83,658	$	17,303

Premises and Equipment

12 Months Ended

Dec. 31, 2013

Property, Plant and Equipment [Abstract]

Premises and Equipment

PREMISES AND EQUIPMENT

The following table summarizes the Corporation's premises and equipment as of December 31, 2013 and 2012:



	2013			2012
Cost at December 31:
Land	$	17,992		$	14,692
Buildings and Leasehold Improvements	92,693			62,606
Equipment	54,274			42,564
Total Cost	164,959			119,862
Accumulated Depreciation and Amortization	(90,505		)	(67,113		)
Net	$	74,454		$	52,749

On November 12, 2013, the Corporation acquired 100 percent of CFS in an all stock transaction, as discussed in NOTE 3. BUSINESS COMBINATIONS, in the Notes to Consolidated Financial Statements included as Item 8 of this Annual Report on Form 10-K. This purchase resulted in premises and equipment acquired of approximately $19,643,000.

The Corporation is committed under various non-cancelable lease contracts for certain subsidiary office facilities and equipment. Total lease expense for 2013, 2012 and 2011 was $2,608,000, $2,812,000 and $2,636,000, respectively. The future minimum rental commitments required under the operating leases in effect at December 31, 2013, expiring at various dates through the year 2028 are as follows for the years ending December 31:



	Future Minimum Rental Commitments
2014	$	2,804
2015	2,551
2016	2,067
2017	1,356
2018	749
After 2018	3,158
Total Future Minimum Obligations	$	12,685

Goodwill

12 Months Ended

Dec. 31, 2013

Goodwill Disclosure [Abstract]

Goodwill

GOODWILL

In July 2012, FMIG acquired a book of business that resulted in goodwill acquired of $18,000. This transaction was deemed to be an immaterial transaction.

No impairment loss was recorded in 2013 or 2012. The Corporation tested goodwill for impairment during 2012 and 2013. In both valuations, the fair value exceeded the Corporation’s carrying value; therefore, it was concluded goodwill is not impaired. For additional details related to impairment testing, see the “GOODWILL” section of Management’s Discussion and Analysis of Financial Condition and Results of Operations included as Item 7 of this Annual Report on Form 10-K.



	2013		2012
Balance, January 1	$	141,375	$	141,357
Goodwill acquired	47,573		18
Balance, December 31	$	188,948	$	141,375

Core Deposit and Other Intangibles

12 Months Ended

Dec. 31, 2013

Intangible Assets, Net (Excluding Goodwill) [Abstract]

Core Deposit and Other Intangibles

CORE DEPOSIT AND OTHER INTANGIBLES

On November 12, 2013, the Corporation acquired 100 percent of CFS in an all stock transaction, as discussed in NOTE 3. BUSINESS COMBINATIONS, in the Notes to Consolidated Financial Statements included as Item 8 of this Annual Report on Form 10-K. This purchase resulted in a core deposit intangible of approximately $7,313,000.

Effective February 10, 2012, the Bank assumed substantially all of the deposits and certain other liabilities and acquired certain assets of SCB Bank, as discussed in NOTE 2 Purchase and Assumption, in the Notes to Consolidated Financial Statements included as Item 8 of this Annual Report on form 10-K. This purchase resulted in a core deposit intangible of approximately $484,000. In July 2012, FMIG purchased a book of business which resulted in an other intangible of approximately $483,000.

The carrying basis and accumulated amortization of recognized core deposit and other intangibles are noted below.



	2013			2012
Gross carrying amount	$	46,389		$	45,422
Core deposit intangible and other intangibles acquired	7,313			967
Accumulated amortization	(39,884		)	(38,235		)
Core Deposit and Other Intangibles	$	13,818		$	8,154

Amortization expense for the years ended December 31, 2013, 2012 and 2011, was $1,649,000, $1,927,000 and $3,548,000, respectively.

Estimated amortization expense for each of the following five years is:



	Amortization Expense
2014	$	2,367
2015	2,351
2016	2,294
2017	2,211
2018	1,044
After 2018	3,551
Total Future Minimum Obligations	$	13,818

Deposits

12 Months Ended

Dec. 31, 2013

Derivative Instruments and Hedging Activities Disclosure [Abstract]

Deposits

DEPOSITS

The composition of the deposit portfolio is included in the table below for the years indicated:



	December 31, 2013		December 31, 2012
Demand Deposits	$	2,018,650	$	1,646,756
Savings Deposits	1,257,994		831,952
Certificates and Other Time Deposits of $100,000 or more	272,660		236,470
Other Certificates and Time Deposits	595,110		502,927
Brokered Deposits	87,054		128,278
Total Deposits	$	4,231,468	$	3,346,383

At December 31, 2013, the contractual maturities of time deposits are summarized as follows:



	Certificates and Other Time Deposits
2014	$	597,612
2015	163,985
2016	101,132
2017	48,244
2018	24,005
After 2018	19,846
	$	954,824

Borrowings

12 Months Ended

Dec. 31, 2013

Debt Disclosure [Abstract]

Borrowings

BORROWINGS

The following table summarizes the Corporation's borrowings as of December 31, 2013 and 2012:



	December 31, 2013		December 31, 2012
Federal Funds Purchased	$	125,645	$	18,862
Securities Sold Under Repurchase Agreements	148,672		141,828
Federal Home Loan Bank Advances	122,140		94,238
Subordinated Debentures and Term Loans	126,807		112,161
Total Borrowings	$	523,264	$	367,089

Securities sold under repurchase agreements consist of obligations of the Bank to other parties. The obligations are secured by U.S. Treasury and U.S. Government-Sponsored Enterprise obligations, certain municipal securities and mortgage loans. The maximum amount of outstanding agreements at any month-end during 2013 and 2012 totaled $161,814,000 and $160,127,000, respectively, and the average of such agreements totaled $140,126,000 and $144,555,000 during 2013 and 2012, respectively.

None of the Federal Home Loan Bank Advances are putable advances as of December 31, 2013 and 2012 respectively. Maturities of securities sold under repurchase agreements; Federal Home Loan Bank Advances, subordinated debentures and term loans as of December 31, 2013, are as follows:



Maturities in Years Ending December 31:	Securities Sold Under Repurchase Agreements		Federal Home Loan Bank Advances		Subordinated Debentures and Term Loans
2014	$	148,672	$	26,437	$	105
2015			30,886
2016			28,833
2017			2,629
2018			13,252
After 2018			20,103		126,702
	$	148,672	$	122,140	$	126,807

The terms of a security agreement with the FHLB require the Corporation to pledge, as collateral for advances, qualifying first mortgage loans, investment securities and multifamily loans in an amount equal to at least 155 percent of these advances depending on the type of collateral pledged. Advances, with interest rates from 0.45 to 6.81 percent, are subject to restrictions or penalties in the event of prepayment. The total available remaining borrowing capacity from the FHLB at December 31, 2013, was $228,124,000.

Subordinated Debentures and Term Loans. As of December 31, 2013, subordinated debentures and term loans totaled $126,807,000.

•

First Merchants Capital Trust II. The subordinated debenture, entered into on July 2, 2007, for $56,702,000 will mature on September 15, 2037. The Corporation could not redeem the debenture prior to September 15, 2012, and redemption is subject to the prior approval of the Board of Governors of the Federal Reserve System, as required by law or regulation. Interest was fixed at 6.495 percent for the period from the date of issuance through September 15, 2012; interest is now an annual floating rate equal to the three-month LIBOR plus 1.56 percent, reset quarterly. Interest is payable in March, June, September and December of each year. The interest rate at December 31, 2013 was 1.7 percent. The Corporation holds all of the outstanding common securities of First Merchants Capital Trust II.

•

On November 1, 2013, the Corporation completed the private issuance and sale to four institutional investors of an aggregate of $70 million of debt comprised of (a) 5.00 percent Fixed-to-Floating Rate Senior Notes due 2028 in the aggregate principal amount of $5 million (the "Senior Debt") and (b) 6.75 percent Fixed-to-Floating Rate Subordinated Notes due 2028 in the aggregate principal amount of $65 million (the "Subordinated Debt"). The interest rate on the Senior Debt and Subordinated Debt remains fixed for the first ten (10) years and will become floating thereafter. The net proceeds of the placement were used to pay off the Corporation's $55 million credit facility with Bank of America, N.A. which was scheduled to mature on February 15, 2015.

•

Bank of America, N.A. The Corporation had a $55 million credit facility with Bank of America, N.A. comprised of (a) a term loan in the principal amount of $5 million (the “Term Loan”) and (b) a subordinated debenture in the principal amount of $50 million (the “Subordinated Debt”). Pursuant to the terms of the underlying Loan Agreement (the “Loan Agreement”), the Term Loan and the Subordinated Debt would have matured on February 15, 2015. The Term Loan was secured by a pledge of all of the issued and outstanding shares of the Bank. On November 1, 2013, the Corporation used a portion of the proceeds from the $70 million subordinated debt placement to pay-off the Bank of America $55 million credit facility.

Subordinated Debentures and Term Loans. As of December 31, 2012, subordinated debentures and term loans totaled $112,161,000.

•

First Merchants Capital Trust II. The subordinated debenture, entered into on July 2, 2007, for $56,702,000 will mature on September 15, 2037. The Corporation could not redeem the debenture prior to September 15, 2012, and redemption is subject to the prior approval of the Board of Governors of the Federal Reserve System, as required by law or regulation. Interest was fixed at 6.495 percent for the period from the date of issuance through September 15, 2012; interest is now an annual floating rate equal to the three-month LIBOR plus 1.56 percent, reset quarterly. Interest is payable in March, June, September and December of each year. The interest rate at December 31, 2012 was 1.87 percent. The Corporation holds all of the outstanding common securities of First Merchants Capital Trust II.

•

Bank of America, N.A. The Corporation currently has a $55 million credit facility with Bank of America, N.A. comprised of (a) a term loan in the principal amount of $5 million (the “Term Loan”) and (b) a subordinated debenture in the principal amount of $50 million (the “Subordinated Debt”). Pursuant to the terms of the underlying Loan Agreement (the “Loan Agreement”), the Term Loan and the Subordinated Debt each mature on February 15, 2015. The Term Loan is secured by a pledge of all of the issued and outstanding shares of the Bank.

The Loan Agreement contains certain customary representations and warranties and financial and negative covenants. A breach of any of these covenants could result in a default under the Loan Agreement. As of December 31, 2012, the Corporation was in compliance with these financial covenants.

The Loan Agreement provides that upon an event of default as the result of the Corporation’s failure to comply with a financial covenant, Bank of America may (a) declare the $5 million outstanding principal amount of the Term Loan immediately due and payable, (b) exercise all of its rights and remedies at law, in equity and/or pursuant to any or all collateral documents, including foreclosing on the collateral if payment of the Term Loan is not made in full, and (c) add a default rate of 3 percent per annum to the Term Loan. Because the Subordinated Debt is treated as Tier 2 capital for regulatory capital purposes, the Loan Agreement does not provide Bank of America with any right of acceleration or other remedies with regard to the Subordinated Debt upon an event of default caused by the Corporation’s breach of a financial covenant. Bank of America chose to apply the default rate through March 31, 2012 but not to accelerate the Term Loan based on the Corporation’s failure to meet these financial covenants. As of March 31, 2012, the Corporation was no longer in default due to breach of a financial covenant; therefore, the default rate of 3 percent per annum was no longer applied to the Term Loan.


•	CNBC Statutory Trust I. As part of the March 1, 2003, acquisition of CNBC Bancorp, the Corporation assumed $4,124,000 of a junior subordinated debenture entered into on February 22, 2001. On August 22, 2012, the Corporation exercised its option to redeem the $4,124,000 subordinated debt. The redemption price premium was 104.59. The debenture carried a fixed interest rate of 10.2 percent.


•	Temporary Liquidity Guarantee Program. On March 31, 2009, the Bank, entered into $79,000,000 of 2.625 percent Senior Notes (the “Notes”) due on March 30, 2012 through a pooled offering. On March 30, 2012, the Bank completed repayment of these Notes, which were guaranteed by the FDIC under its Temporary Liquidity Guarantee Program ("TLGP").

Derivative Instruments and Hedging Activities

12 Months Ended

Dec. 31, 2013

Derivative Instruments and Hedging Activities

DERIVATIVE INSTRUMENTS AND HEDGING ACTIVITIES

Risk Management Objective of Using Derivatives

The Corporation is exposed to certain risks arising from both its business operations and economic conditions. The Corporation principally manages its exposures to a wide variety of business and operational risks through management of its core business activities. The Corporation manages economic risks, including interest rate, liquidity, and credit risk, primarily by managing the amount, sources, and duration of its assets and liabilities and through the use of derivative financial instruments. Specifically, the Corporation enters into derivative financial instruments to manage exposures that arise from business activities that result in the receipt or payment of future known and uncertain cash amounts, the value of which are determined by interest rates. The Corporation’s derivative financial instruments are used to manage differences in the amount, timing, and duration of the Corporation’s known or expected cash payments principally related to certain variable-rate liabilities. The Corporation also has derivatives that are a result of a service the Corporation provides to certain qualifying customers, and, therefore, are not used to manage interest rate risk in the Corporation’s assets or liabilities. The Corporation manages a matched book with respect to its derivative instruments offered as a part of this service to its customers in order to minimize its net risk exposure resulting from such transactions.

Fair Values of Derivative Instruments on the Balance Sheet

The table below presents the fair value of the Corporation’s derivative financial instruments as well as their classification on the Balance Sheet as of December 31, 2013 and December 31, 2012.

Asset Derivatives

Liability Derivatives

December 31, 2013

December 31, 2012

December 31, 2013

December 31, 2012

Balance Sheet Location

Fair
Value

Balance Sheet Location

Fair
Value

Balance Sheet Location

Fair
Value

Balance Sheet Location

Fair
Value

Derivatives designated as hedging instruments:

Interest rate contracts

Other Assets

1,162

Other Assets

197

Other Liabilities

1,021

Other Liabilities

3,332

Derivatives not designated as hedging instruments:

Interest rate contracts

Other Assets

2,847

Other Assets

6,103

Other Liabilities

2,932

Other Liabilities

6,434

Cash Flow Hedges of Interest Rate Risk

The Corporation’s objectives in using interest rate derivatives are to add stability to interest expense and to manage its exposure to interest rate movements. To accomplish this objective, the Corporation primarily uses interest rate swaps and interest rate caps as part of its interest rate risk management strategy. Interest rate swaps designated as cash flow hedges involve the payment of fixed amounts to a counterparty in exchange for the Corporation receiving variable payments over the life of the agreements without exchange of the underlying notional amount. Interest rate caps designated as cash flow hedges involve the receipt of variable amounts from a counterparty if interest rates rise above the strike rate on the contract in exchange for an up-front premium. As of December 31, 2013, the Corporation had five interest rate swaps with a notional amount of $56.0 million and one interest rate cap with a notional amount of $13.0 million. As of December 31, 2012, the Corporation had two interest rate swaps with a notional amount of $26.0 million and one interest rate cap with a notional amount of $13.0 million that were designated as cash flow hedges.

The effective portion of changes in the fair value of derivatives designated and that qualify as cash flow hedges is recorded in accumulated other comprehensive income and is subsequently reclassified into earnings in the period that the hedged forecasted transaction affects earnings. During 2013, $26.0 million of the interest rate swaps and the $13.0 million interest rate cap were used to hedge the variable cash outflows (LIBOR-based) associated with existing trust preferred securities when the outflows converted from a fixed rate to variable rate in September 2012. In addition, the remaining $30.0 million of interest rate swaps were used to hedge the variable cash outflows (LIBOR-based) associated with three Federal Home Loan Bank advances. The ineffective portion of the change in fair value of the derivatives is recognized directly in earnings. During the years ended December 31, 2013 and 2012, the Corporation did not recognize any ineffectiveness.

Amounts reported in accumulated other comprehensive income related to derivatives will be reclassified to interest expense as interest payments are made on the Corporation’s variable-rate liabilities. During the next twelve months, the Corporation expects to reclassify $1,368,000 from accumulated other comprehensive income to interest expense.

Non-designated Hedges

The Corporation does not use derivatives for trading or speculative purposes. Derivatives not designated as hedges are not speculative and result from a service the Corporation provides to certain customers. The Corporation executes interest rate swaps with commercial banking customers to facilitate their respective risk management strategies. Those interest rate swaps are simultaneously hedged by offsetting interest rate swaps that the Corporation executes with a third party, such that the Corporation minimizes its net risk exposure resulting from such transactions. As the interest rate swaps associated with this program do not meet the strict hedge accounting requirements, changes in the fair value of both the customer swaps and the offsetting swaps are recognized directly in earnings. As of December 31, 2013, the notional amount of customer-facing swaps was approximately $153,024,000. This amount is offset with third party counterparties, as described above.

Effect of Derivative Instruments on the Income Statement

The tables below present the effect of the Corporation’s derivative financial instruments on the Income Statement for the years ended December 31, 2013, 2012 and 2011.



Derivatives Not Designated as Hedging Instruments under FASB ASC 815-10	Location of Gain (Loss) Recognized in Income on Derivative	Amount of Gain (Loss) Recognized in Income on Derivative for the Year Ended December 31, 2013	Amount of Gain (Loss) Recognized in Income on Derivative for the Year Ended December 31, 2012	Amount of Gain (Loss) Recognized in Income on Derivative for the Year Ended December 31, 2011
Interest Rate Contracts	Other income	$247	$(79)	$(94)



Derivatives in Cash Flow Hedging Relationships	Amount of Gain (Loss) Recognized in Other Comprehensive Income on Derivative (Effective Portion) For the Year Ended		Location of Loss Reclassified from Accumulated Other Comprehensive Income (Effective Portion)	Amount of Loss Reclassified from Other Comprehensive Income into Income (Effective Portion) For the Year Ended
Derivatives in Cash Flow Hedging Relationships	2013	2012		2013	2012
Interest Rate Products	$2,374	$(1,466)	Interest Expense	$(935)	$(217)

The Corporation’s exposure to credit risk occurs because of nonperformance by its counterparties. The counterparties approved by the Corporation are usually financial institutions, which are well capitalized and have credit ratings through Moody’s and/or Standard & Poor’s, at or above investment grade. The Corporation’s control of such risk is through quarterly financial reviews, comparing mark-to-market values with policy limitations, credit ratings and collateral pledging.

Credit-Risk-Related Contingent Features

The Corporation has agreements with certain of its derivative counterparties that contain a provision where if the Corporation fails to maintain its status as a well/adequate capitalized institution, then the Corporation could be required to terminate or fully collateralize all outstanding derivative contracts.

The Corporation has agreements with certain of its derivative counterparties that contain a provision where if the Corporation defaults on any of its indebtedness, including default where repayment of the indebtedness has not been accelerated by the lender, then the Corporation could also be declared in default on its derivative obligations. As of December 31, 2013, the termination value of derivatives in a net liability position related to these agreements was $2,736,000. As of December 31, 2013, the Corporation has minimum collateral posting thresholds with certain of its derivative counterparties and has posted collateral of $2,751,000. If the Corporation had breached any of these provisions at December 31, 2013, it could have been required to settle its obligations under the agreements at their termination value.

The entire disclosure for derivative instruments and hedging activities including, but not limited to, risk management strategies, non-hedging derivative instruments, assets, liabilities, revenue and expenses, and methodologies and assumptions used in determining the amounts.

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Fair Values of Financial Instruments

Fair Values of Financial Instruments

12 Months Ended

Dec. 31, 2013

Fair Value Disclosures [Abstract]

FAIR VALUES OF FINANCIAL INSTRUMENTS

The Corporation used fair value measurements to record fair value adjustments, to certain assets, and liabilities and to determine fair value disclosures. The accounting guidance defines fair value, establishes a framework for measuring fair value and expands disclosures about fair value measurements. ASC 820 applies only when other guidance requires or permits assets or liabilities to be measured at fair value; it does not expand the use of fair value in any new circumstances.

As defined in ASC 820, fair value is the price to sell an asset or transfer a liability in an orderly transaction between market participants. It represents an exit price at the measurement date. Market participants are buyers and sellers, who are independent, knowledgeable, and willing and able to transact in the principal (or most advantageous) market for the asset or liability being measured. Current market conditions, including imbalances between supply and demand, are considered in determining fair value. The Corporation values its assets and liabilities in the principal market where it sells the particular asset or transfers the liability with the greatest volume and level of activity. In the absence of a principal market, the valuation is based on the most advantageous market for the asset or liability (i.e., the market where the asset could be sold or the liability transferred at a price that maximizes the amount to be received for the asset or minimizes the amount to be paid to transfer the liability).

Valuation inputs refer to the assumptions market participants would use in pricing a given asset or liability. Inputs can be observable or unobservable. Observable inputs are those assumptions which market participants would use in pricing the particular asset or liability. These inputs are based on market data and are obtained from a source independent of the Corporation. Unobservable inputs are assumptions based on the Corporation’s own information or estimate of assumptions used by market participants in pricing the asset or liability. Unobservable inputs are based on the best and most current information available on the measurement date. All inputs, whether observable or unobservable, are ranked in accordance with a prescribed fair value hierarchy which gives the highest ranking to quoted prices (unadjusted) in active markets for identical assets or liabilities (Level 1) and the lowest ranking to unobservable inputs for which there is little or no market activity (Level 3). Fair values for assets or liabilities classified as Level 2 are based on one or a combination of the following factors: (i) quoted prices for similar assets; (ii) observable inputs for the asset or liability, such as interest rates or yield curves; or (iii) inputs derived principally from or corroborated by observable market data. The level in the fair value hierarchy within which the fair value measurement in its entirety falls is determined based on the lowest level input that is significant to the fair value measurement in its entirety. The Corporation considers an input to be significant if it drives 10 percent or more of the total fair value of a particular asset or liability.

RECURRING MEASUREMENTS

Assets and liabilities are considered to be fair valued on a recurring basis if fair value is measured regularly (i.e., daily, weekly, monthly or quarterly). Recurring valuation occurs at a minimum on the measurement date. Assets and liabilities are considered to be fair valued on a nonrecurring basis if the fair value measurement of the instrument does not necessarily result in a change in the amount recorded on the balance sheet. Generally, nonrecurring valuation is the result of the application of other accounting pronouncements which require assets or liabilities to be assessed for impairment or recorded at the lower of cost or fair value. The fair value of assets or liabilities transferred in or out of Level 3 is measured on the transfer date, with any additional changes in fair value subsequent to the transfer considered to be realized or unrealized gains or losses.

Following is a description of the valuation methodologies used for instruments measured at fair value on a recurring basis and recognized in the accompanying balance sheet, as well as the general classification of such instruments pursuant to the valuation hierarchy.

Investment Securities

Where quoted, market prices are available in an active market and securities are classified within Level 1 of the valuation hierarchy. There are no securities classified within Level 1 of the hierarchy. If quoted market prices are not available, then fair values are estimated by using pricing models, quoted prices of securities with similar characteristics or discounted cash flows. Level 2 securities include agencies, government-sponsored mortgage backs, state and municipal, equity securities and U.S. Treasuries. In certain cases where Level 1 or Level 2 inputs are not available, securities are classified within Level 3 of the hierarchy and include state and municipal, corporate obligations and equity securities. Level 3 fair value on state and municipal, corporate obligations and equity securities was determined using a discounted cash flow model that incorporated market estimates of interest rates and volatility in markets that have not been active.

Third party vendors compile prices from various sources and may apply such techniques as matrix pricing to determine the value of identical or similar investment securities (Level 2). Matrix pricing is a mathematical technique widely used in the banking industry to value investment securities without relying exclusively on quoted prices for specific investment securities but rather relying on the investment securities’ relationship to other benchmark quoted investment securities. Any investment security not valued based upon the methods above are considered Level 3.

Corporate Obligations

The pooled trust preferred securities in the portfolio fall within the scope of ASC 325-10 (formerly EITF 99-20) and include $6.4 million amortized cost, with a fair value of $2.7 million. The issuers in these securities are primarily banks, but some of the pools do include a limited number of insurance companies. The Corporation uses an other-than-temporary impairment (“OTTI”) evaluation process to compare the present value of expected cash flows to determine whether an adverse change in cash flows has occurred. The OTTI process considers the structure and term of the collateralized debt obligation (“CDO”) and the financial condition of the underlying issuers. Specifically, the process details interest rates, principal balances of note classes and underlying issuers, the timing and amount of interest and principal payments of the underlying issuers, and the allocation of the payments to the note classes. The current estimate of expected cash flows is based on the most recent trustee reports and any other relevant market information including announcements of interest payment deferrals or defaults of underlying trust preferred securities. Assumptions used in the process include expected future default rates and prepayments as well as recovery assumptions on defaults and deferrals. In addition, the process is used to “stress” each CDO, or make assumptions more severe than expected activity, to determine the degree to which assumptions could deteriorate before the CDO could no longer fully support repayment of the Corporation’s note class. In 2013, securities for which OTTI has been previously taken, had a decrease in unrealized losses of $1.4 million, net of tax, of which all was recorded in other comprehensive income.

Interest Rate Derivative Agreements

See information regarding the Corporation’s interest rate derivative products in Note 13. DERIVATIVE INSTRUMENTS AND HEDGING ACTIVITIES, in the Notes to Consolidated Financial Statements included as Item 8 of this Annual Report on Form 10-K.

The fair value of the interest rate swap and cap instruments were transferred from Level 3 to Level 2 as of March 31, 2012 due to the availability of additional valuation information. These instruments are valued using widely accepted valuation techniques including discounted cash flow analysis using observable inputs such as contractual terms and LIBOR-based rate curves.

The following table presents the fair value measurements of assets and liabilities recognized in the accompanying balance sheets measured at fair value on a recurring basis and the level within the ASC 820-10 fair value hierarchy in which the fair value measurements fall at December 31, 2013 and 2012.



			Fair Value Measurements Using:
			Quoted Prices in Active Markets for Identical Assets	Significant Other Observable Inputs		Significant Unobservable Inputs
December 31, 2013	Fair Value		(Level 1)	(Level 2)		(Level 3)
U.S. Treasury	$	15,973		$	15,973
U.S. Government-sponsored agency securities	3,545			3,545
State and municipal	230,987			223,752		$	7,235
U.S. Government-sponsored mortgage-backed securities	281,252			281,252
Corporate obligations	2,738					2,738
Equity securities	1,706			1,702		4
Interest rate swap asset	3,619			3,619
Interest rate cap	390			390
Interest rate swap liability	3,953			3,953



			Fair Value Measurements Using:
			Quoted Prices in Active Markets for Identical Assets	Significant Other Observable Inputs		Significant Unobservable Inputs
December 31, 2012	Fair Value		(Level 1)	(Level 2)		(Level 3)
U.S. Government-sponsored agency securities	$	4,640		$	4,640
State and municipal	158,194			140,094		$	18,100
U.S. Government-sponsored mortgage-backed securities	348,579			348,579
Corporate obligations	224					224
Equity securities	1,706			1,702		4
Interest rate swap asset	6,103			6,103
Interest rate cap	197			197
Interest rate swap liability	9,766			9,766

LEVEL 3 RECONCILIATION

The following is a reconciliation of the beginning and ending balances of recurring fair value measurements recognized in the accompanying balance sheet using significant unobservable Level 3 inputs for year ended December 31, 2013 and 2012.



	Year Ended December 31, 2013
	Available for Sale Securities
Beginning Balance	$	18,328
Total realized and unrealized gains and losses
Included in net income
Included in other comprehensive income	1,330
Purchases, issuances, and settlements	7,590
Transfers in/(out) of Level 3	(16,434		)
Principal payments	(837		)
Ending balance	$	9,977



	Year Ended December 31, 2012
	Available for Sale Securities			Interest Rate Swap Asset			Interest Rate Cap			Interest Rate Swap Liability
Beginning Balance	$	20,838		$	5,241		$	424		$	7,797
Total realized and unrealized gains and losses
Included in net income				(860		)				(863		)
Included in other comprehensive income	(1,141		)	481			(15		)
Purchases, issuances, and settlements
Transfers in/(out) of Level 3				(4,862		)	(409		)	(6,934		)
Principal payments	(1,369		)
Ending balance	$	18,328

There were no gains or losses for the period included in earnings that were attributable to the changes in unrealized gains or losses related to assets or liabilities held at December 31, 2013 or December 31, 2012.

TRANSFERS BETWEEN LEVELS



	Quoted Prices in Active Markets for Identical Assets	Significant Other Observable Inputs			Significant Unobservable Inputs
December 31, 2013	(Level 1)	(Level 2)			(Level 3)			Reason for Transfer
Transfers to/(from) Level:
Available for sale securities		$	(350	)	$	350		Selected state and municipal securities were transferred from Level 2 to Level 3 due to limited availability of similar securities in active markets
Available for sale securities transferred to held to maturity					$	(16,784	)	Selected state and municipal securities were transferred from available for sale to held to maturity. These securities are valued at amortized cost and are no longer classified within the fair value hierarchy.



	Quoted Prices in Active Markets for Identical Assets	Significant Other Observable Inputs		Significant Unobservable Inputs
December 31, 2012	(Level 1)	(Level 2)		(Level 3)			Reason for Transfer
Transfers to/(from) Level:							The interest rate swap and cap instruments were transferred from Level 3 to Level 2 as of March 31, 2012 due to the availability of additional valuation information. These instruments are valued using widely accepted valuation techniques including discounted cash flow analysis using observable inputs such as contractual terms and LIBOR-based rate curves.
Interest rate swap asset		$	4,862	$	(4,862	)
Interest rate cap		$	409	$	(409	)
Interest rate swap liability		$	6,934	$	(6,934	)

In 2013, approximately $350,000 of selected state and municipal securities were transferred from Level 2 to Level 3 due to limited availability of similar securities in active markets. Additionally, the Corporation transferred $16,784,000 of selected state and municipal securities from available for sale to held to maturity. These securities are valued at amortized cost and are no longer classified within the fair value hierarchy. All securities transferred to held to maturity were previously classified as Level 3 in the fair value hierarchy.

NONRECURRING MEASUREMENTS

Following is a description of valuation methodologies used for instruments measured at fair value on a non-recurring basis and recognized in the accompanying balance sheet, as well as the general classification of such instruments pursuant to the valuation hierarchy for year ended December 31, 2013 and 2012.



			Fair Value Measurements Using
			Quoted Prices in Active Markets for Identical Assets	Significant Other Observable Inputs	Significant Unobservable Inputs
December 31, 2013	Fair Value		(Level 1)	(Level 2)	(Level 3)
Impaired Loans (collateral dependent)	$	12,117			$	12,117
Other real estate owned	$	6,877			$	6,877



			Fair Value Measurements Using
			Quoted Prices in Active Markets for Identical Assets	Significant Other Observable Inputs	Significant Unobservable Inputs
December 31, 2012	Fair Value		(Level 1)	(Level 2)	(Level 3)
Impaired Loans (collateral dependent)	$	17,703			$	17,703
Other real estate owned	$	7,684			$	7,684

Impaired Loans (collateral dependent)

Loans for which it is probable that the Corporation will not collect all principal and interest due according to contractual terms are measured for impairment. Allowable methods for determining the amount of impairment include estimating fair value of the collateral for collateral dependent loans. If the impaired loan is identified as collateral dependent, then the fair value method of measuring the amount of impairment is utilized. This method requires obtaining a current independent appraisal of the collateral and applying a discount factor to the value. A portion of the allowance for loan losses is allocated to impaired loans if the value of such loans is deemed to be less than the unpaid balance. If these allocations cause the allowance for loan losses to increase, such increase is reported as a component of the provision for loan losses. Loan losses are charged against the allowance when management believes the uncollectability of the loan is confirmed. During 2013, certain impaired loans were partially charged off or re-evaluated. Impaired loans that are collateral dependent are classified within Level 3 of the fair value hierarchy when impairment is determined using the fair value method.

Other Real Estate Owned

The fair value for impaired loans and other real estate owned is measured based on the value of the collateral securing those loans or real estate and is determined using several methods. The fair value of real estate is generally determined based on appraisals by qualified licensed appraisers. The appraisers typically determine the value of the real estate by utilizing an income or market valuation approach. If an appraisal is not available, the fair value may be determined by using a cash flow analysis. Fair value on other collateral such as business assets is typically ascertained by assessing, either singularly or some combination of, asset appraisals, accounts receivable aging reports, inventory listings and or customer financial statements. Both appraised values and values based on borrower’s financial information are discounted as considered appropriate based on age and quality of the information and current market conditions.

UNOBSERVABLE (LEVEL 3) INPUTS

The following table presents quantitative information about unobservable inputs used in recurring and nonrecurring Level 3 fair value measurements, other than goodwill, at December 31, 2013 .



	Fair Value		Valuation Technique	Unobservable Inputs	Range (Weighted-Average)
State and municipal securities	$	7,235	Discounted cash flow	Maturity Call Date US Muni BQ curve Discount rate	1 month to 15 years BBB- 1% - 5%

Corporate obligations/Equity securities	$	2,742	Discounted cash flow	Risk free rate plus Premium for illiquidity	3 month LIBOR plus 200 bps

Impaired loans (collateral dependent)	$	12,117	Collateral based measurements	Discount to reflect current market conditions and ultimate collectability	0% - 50% (3%)

Other real estate owned	$	6,877	Appraisals	Discount to reflect current market conditions	0% - 20% (2%)

The following is a discussion of the sensitivity of significant unobservable inputs on recurring fair value measurements, the interrelationships between those inputs and other unobservable inputs used in recurring fair value measurement and of how those inputs might magnify or mitigate the effect of changes in the unobservable inputs on the fair value measurement.

State and Municipal Securities

The significant unobservable inputs used in the fair value measurement of the Corporation's state and municipal securities are premiums for unrated securities and marketability discounts. Significant increases or decreases in either of those inputs in isolation would result in a significantly lower or higher fair value measurement. Generally, changes in either of those inputs will not affect the other input.

Corporate Obligations/Equity Securities

The significant unobservable inputs used in the fair value measurement of the Corporation's corporate obligations and equity securities are premiums for unrated securities and marketability discounts. Significant increases or decreased in either of those inputs in isolation would result in a significantly lower or higher fair value measurement. Generally changes in either of those inputs will not affect the other input.

FAIR VALUE OF FINANCIAL INSTRUMENTS

The following table presents estimated fair values of the Corporation's financial instruments and the level within the fair value hierarchy in which the fair value measurements fall at December 31, 2013 and December 31, 2012.



	2013
	Carrying Amount		Quoted Prices in Active Markets for Identical Assets (Level 1)		Significant Other Observable Inputs (Level 2)		Significant Unobservable Inputs (Level 3)
Assets at December 31:
Cash and cash equivalents	$	109,434	$	109,434
Interest-bearing time deposits	55,069		55,069
Investment securities available for sale	536,201				$	526,224	$	9,977
Investment securities held to maturity	559,378				525,998		34,849
Mortgage loans held for sale	5,331				5,331
Loans	3,564,539						3,506,615
FRB and FHLB stock	38,990				38,990
Interest rate swap asset	4,009				4,009
Interest receivable	18,672				18,672
Liabilities at December 31:
Deposits	$	4,231,468	$	3,082,117	$	934,937
Borrowings:
Federal funds purchased	125,645				125,645
Securities sold under repurchase agreements	148,672				148,852
FHLB Advances	122,140				122,962
Subordinated debentures and term loans	126,807				82,607
Interest rate swap liability	3,953				3,953
Interest payable	1,771				1,771



	2012
	Carrying Amount		Quoted Prices in Active Markets for Identical Assets (Level 1)		Significant Other Observable Inputs (Level 2)		Significant Unobservable Inputs (Level 3)
Assets at December 31:
Cash and cash equivalents	$	101,460	$	101,460
Interest-bearing time deposits	38,443		38,443
Investment securities available for sale	513,343				$	495,015	$	18,328
Investment securities held to maturity	361,020				366,590		11,584
Mortgage loans held for sale	22,300				22,300
Loans	2,832,843						2,852,614
FRB and FHLB stock	32,785				32,785
Interest rate swap asset	6,300				6,300
Interest receivable	16,367				16,367
Liabilities at December 31:
Deposits	$	3,346,383	$	2,478,706	$	865,793
Borrowings:
Federal funds purchased	18,862				18,862
Securities sold under repurchase agreements	141,828				142,318
FHLB Advances	94,238				97,357
Subordinated debentures and term loans	112,161				62,133
Interest rate swap liability	9,766				9,766
Interest payable	1,841				1,841

Cash and cash equivalents: The fair value of cash and cash equivalents approximates carrying value.

Interest-bearing time deposits: The fair value of interest-bearing time deposits approximates carrying value.

Investment securities: Fair value is based on quoted market prices, if available. If a quoted market price is not available, fair value is estimated using quoted market prices for similar securities.

Mortgage loans held for sale: The carrying amount approximates fair value due to the short duration between origination and date of sale.

Loans: The fair value for loans is estimated using discounted cash flow analysis, using interest rates currently being offered for loans with similar terms to borrowers of similar credit quality. See Impaired Loans above.

Federal Reserve and Federal Home Loan Bank stock: The fair value of Federal Reserve Bank and Federal Home Loan Bank stock is based on the price which it may be resold to the Federal Reserve and Federal Home Loan Bank.

Derivative instruments: The fair value of interest rate swaps reflect the estimated amounts that would have been received to terminate these contracts at the reporting date based upon pricing or valuation models applied to current market information. Interest rate caps are valued using the market standard methodology of discounting the future expected cash receipts that would occur if variable interest rates rose above the strike rate of the caps. The projected cash receipts on the caps are based on an expectation of future interest rates derived from observed market interest rate curves and volatilities.

Interest receivable and Interest payable: The fair value of interest receivable/payable approximates carrying value.

Deposits: The fair values of noninterest-bearing and interest-bearing demand accounts and savings deposits are equal to the amount payable on demand at the balance sheet date. The carrying amounts for variable rate, fixed-term certificates of deposit approximate their fair values at the balance sheet date. Fair values for fixed-rate certificates of deposit and other time deposits are estimated using a discounted cash flow calculation that applies interest rates currently being offered to a schedule of aggregated expected monthly maturities on such time deposits.

Borrowings: The fair value of borrowings is estimated using a discounted cash flow calculation, based on current rates for similar debt.

The entire disclosure for the fair value of financial instruments (as defined), including financial assets and financial liabilities (collectively, as defined), and the measurements of those instruments as well as disclosures related to the fair value of non-financial assets and liabilities. Such disclosures about the financial instruments, assets, and liabilities would include: (1) the fair value of the required items together with their carrying amounts (as appropriate); (2) for items for which it is not practicable to estimate fair value, disclosure would include: (a) information pertinent to estimating fair value (including, carrying amount, effective interest rate, and maturity, and (b) the reasons why it is not practicable to estimate fair value; (3) significant concentrations of credit risk including: (a) information about the activity, region, or economic characteristics identifying a concentration, (b) the maximum amount of loss the entity is exposed to based on the gross fair value of the related item, (c) policy for requiring collateral or other security and information as to accessing such collateral or security, and (d) the nature and brief description of such collateral or security; (4) quantitative information about market risks and how such risks are managed; (5) for items measured on both a recurring and nonrecurring basis information regarding the inputs used to develop the fair value measurement; and (6) for items presented in the financial statement for which fair value measurement is elected: (a) information necessary to understand the reasons for the election, (b) discussion of the effect of fair value changes on earnings, (c) a description of [similar groups] items for which the election is made and the relation thereof to the balance sheet, the aggregate carrying value of items included in the balance sheet that are not eligible for the election; (7) all other required (as defined) and desired information.

Commitments and Contingencies Disclosure [Abstract]

Commitments and Contingent Liabilities

12 Months Ended

Dec. 31, 2013

Commitments and Contingent Liabilities

COMMITMENTS AND CONTINGENT LIABILITIES

In the normal course of business there are outstanding commitments and contingent liabilities, such as commitments to extend credit and standby letters of credit, which are not included in the accompanying financial statements. The Corporation's exposure to credit loss in the event of nonperformance by the other party to the financial instruments for commitments to extend credit and standby letters of credit is represented by the contractual or notional amount of those instruments. The Bank uses the same credit policies in making such commitments as they do for instruments that are included in the consolidated balance sheets.

Financial instruments, whose contract amount represents credit risk as of December 31, were as follows:



	2013		2012
Amounts of commitments:
Loan commitments to extend credit	$	1,216,470	$	873,455
Standby letters of credit	$	41,508	$	21,734

Commitments to extend credit are agreements to lend to a customer, as long as there is no violation of any condition established in the contract. Commitments generally have fixed expiration dates or other termination clauses and may require payment of a fee. Since many of the commitments are expected to expire without being drawn upon, the total commitment amounts do not necessarily represent future cash requirements. The Bank evaluates each customer’s creditworthiness on a case-by-case basis. The amount of collateral obtained, if deemed necessary by the Bank upon extension of credit, is based on management's credit evaluation. Collateral held varies, but may include accounts receivable, inventory, property and equipment, and income-producing commercial properties.

Standby letters of credit are conditional commitments issued by the Bank to guarantee the performance of a customer to a third party.

The Corporation and subsidiaries are also subject to claims and lawsuits, which arise primarily in the ordinary course of business. It is the opinion of management that the disposition or ultimate resolution of such claims and lawsuits will not have a material adverse effect on the consolidated financial position of the Corporation.

Stockholders' Equity	12 Months Ended
Stockholders' Equity	Dec. 31, 2013
Equity [Abstract]
Stockholders' Equity	STOCKHOLDERS' EQUITY National banking laws restrict the maximum amount of dividends that a bank may pay in any calendar year. National banks are limited to the bank’s retained net income (as defined) for the current year plus those for the previous two years. The amount at December 31, 2013, available for 2014 dividends from the Corporation’s subsidiaries (both banking and non-banking) was $40,982,000. Total stockholders' equity for all subsidiaries at December 31, 2013, was $744,116,000 of which $703,134,000 was restricted from dividend distribution to the Corporation. The Corporation has a Dividend Reinvestment and Stock Purchase Plan, enabling stockholders to elect to have their cash dividends on all shares held automatically reinvested in additional shares of the Corporation’s common stock. In addition, stockholders may elect to make optional cash payments up to an aggregate of $2,500 per quarter for the purchase of additional shares of common stock. The stock is credited to participant accounts at fair market value. Dividends are reinvested on a quarterly basis. Preferred Stock On September 22, 2011, the Corporation entered into a Securities Purchase Agreement (the “Purchase Agreement”) with the Treasury, pursuant to which the Corporation issued 90,782.94 shares of the Corporation’s Senior Non-Cumulative Perpetual Preferred Stock, Series B (the “Series B Preferred Stock”), having a liquidation amount per share equal to $1,000, for a total purchase price of $90,782,940. The Purchase Agreement was entered into, and the Series B Preferred Stock was issued, pursuant to the SBLF program, a $30 billion fund established under the Small Business Jobs Act of 2010, that encourages lending to small businesses by providing capital to qualified community banks with assets of less than $10 billion. On January 3, 2013, the Corporation redeemed 22,695.94 shares of the Series B Preferred Stock held by the Treasury at an aggregate redemption price of $22,695,940 plus accrued but unpaid dividends. Following the redemption, the Treasury held 68,087 shares of the Series B Preferred Stock representing a remaining liquidation amount of approximately $68 million. On July 2, 2013, the Corporation redeemed an additional 34,044 shares of the Series B Preferred Stock held by the Treasury at an aggregate redemption price of $34,044,000 plus accrued but unpaid dividends. Following the redemption, the Treasury held 34,043 shares of the Series B Preferred Stock representing a remaining liquidation amount of approximately $34 million. On November 22, 2013, the Corporation redeemed the final 34,043 shares of the Series B Preferred Stock held by the Treasury at an aggregate redemption price of $34,043,000 plus accrued but unpaid dividends. There are no shares of the Corporation's Series B Preferred Stock currently outstanding. CFS Bancorp, Inc. Acquisition On November 12, 2013, the Corporation acquired 100 percent of CFS Bancorp, Inc. ("CFS") in an all stock transaction. Pursuant to the merger agreement, the shareholders of CFS received 0.65 percent of the Corporation's common stock for each share of CFS Bancorp common stock held. The Corporation issued approximately 7.1 million shares of common stock, which was valued at approximately $135.6 million. See Note 3. BUSINESS COMBINATIONS, to the Notes to Consolidated Financial Statements included as Item 8 of this Annual Report on Form 10-K for additional information.

The entire disclosure for shareholders' equity comprised of portions attributable to the parent entity and noncontrolling interest, including other comprehensive income. Includes, but is not limited to, balances of common stock, preferred stock, additional paid-in capital, other capital and retained earnings, accumulated balance for each classification of other comprehensive income and amount of comprehensive income.

Reference 1: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 235
-SubTopic 10
-Section S99
-Paragraph 1
-Subparagraph (SX 210.4-08.(d),(e))
-URI http://asc.fasb.org/extlink&oid=26873400&loc=d3e23780-122690

Reference 2: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 505
-SubTopic 10
-Section 50
-Paragraph 4
-URI http://asc.fasb.org/extlink&oid=6928386&loc=d3e21484-112644

Reference 3: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 310
-SubTopic 10
-Section S99
-Paragraph 2
-Subparagraph (SAB TOPIC 4.E)
-URI http://asc.fasb.org/extlink&oid=27010918&loc=d3e74512-122707

Reference 4: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 505
-SubTopic 10
-Section 50
-Paragraph 5
-URI http://asc.fasb.org/extlink&oid=6928386&loc=d3e21488-112644

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-Name Accounting Standards Codification
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-Paragraph 1
-Subparagraph (SX 210.5-02.29-31)
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-Name Accounting Standards Codification
-Glossary Preferred Stock
-URI http://asc.fasb.org/extlink&oid=6521494

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-Publisher SEC
-Name Regulation S-X (SX)
-Number 210
-Section 08
-Paragraph d
-Article 4

Reference 15: http://www.xbrl.org/2003/role/presentationRef
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-Name Regulation S-X (SX)
-Number 210
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Reference 16: http://www.xbrl.org/2003/role/presentationRef
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-Name Staff Accounting Bulletin (SAB)
-Number Topic 4
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Reference 17: http://www.xbrl.org/2003/role/presentationRef
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-Number 210
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Reference 18: http://www.xbrl.org/2003/role/presentationRef
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Reference 19: http://www.xbrl.org/2003/role/presentationRef
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Accumulated Other Comprehensive Income (Loss)

Accumulated Other Comprehensive Income (Loss)

12 Months Ended

Dec. 31, 2013

Equity [Abstract]

ACCUMULATED OTHER COMPREHENSIVE INCOME (LOSS)

The following table summarizes the changes in the balances of each component of accumulated other comprehensive income (loss), net of tax, as of December 31, 2013 and 2012:



	Accumulated Other Comprehensive Income (Loss)
	Unrealized Gains (Losses) on Securities Available for Sale			Unrealized Gains (Losses) on Securities Available for Sale for which a Portion of Other-Than-Temporary Impairment has been Recognized in Income			Unrealized Gains (Losses) on Cash Flow Hedges			Unrealized Gains (Losses) on Defined Benefit Plans			Total
Balance at December 31, 2012	$	17,904		$	(3,272	)	$	(2,652	)	$	(17,479	)	$	(5,499	)
Other comprehensive income before reclassifications	(16,021		)	1,425			1,543			10,704			(2,349		)
Amounts reclassified from accumulated other comprehensive income	(317		)				608			1,147			1,438
Period change	(16,338		)	1,425			2,151			11,851			(911		)
Balance at December 31, 2013	$	1,566		$	(1,847	)	$	(501	)	$	(5,628	)	$	(6,410	)


Balance at December 31, 2011	$	18,244		$	(3,168	)	$	(1,841	)	$	(16,837	)	$	(3,602	)
Other comprehensive income before reclassifications	1,214			(104		)	(952		)	(577		)	(419		)
Amounts reclassified from accumulated other comprehensive income	(1,554		)				141			(65		)	(1,478		)
Period change	(340		)	(104		)	(811		)	(642		)	(1,897		)
Balance at December 31, 2012	$	17,904		$	(3,272	)	$	(2,652	)	$	(17,479	)	$	(5,499	)

The following table presents the reclassification adjustments out of accumulated other comprehensive income (loss) that were included in net income in the Consolidated Condensed Statements of Income for the twelve months ended December 31, 2013 and 2012:



	Amount Reclassified from Accumulated Other Comprehensive Income (Loss) For the Year Ended December 31,
Details about Accumulated Other Comprehensive Income (Loss) Components	2013			2012			2011			Affected Line Item in the Statements of Income
Unrealized gains (losses) on available for sale securities (1)
Realized securities gains reclassified into income	$	487		$	2,389		$	2,439		Other income - net realized gains on sales of available for sale securities
Related income tax expense	(170		)	(835		)	(854		)	Income tax expense
	$	317		$	1,554		$	1,585

Unrealized gains (losses) on cash flow hedges (2)
Interest rate contracts	$	(935	)	$	(217	)				Interest expense - subordinated debentures and term loans
Related income tax benefit	327			76						Income tax expense
	$	(608	)	$	(141	)

Unrealized gains (losses) on defined benefit plans
Amortization of net loss and prior service costs	$	(1,765	)	$	100		$	252		Other expenses - salaries and employee benefits
Related income tax benefit (expense)	618			(35		)	(88		)	Income tax expense
	$	(1,147	)	$	65		$	164

Total reclassifications for the period, net of tax	$	(1,438	)	$	1,478		1,749

⁽¹⁾For additional detail related to unrealized gains (losses) on available for sale securities and related amounts reclassified from accumulated other comprehensive income see NOTE 5. INVESTMENT SECURITIES.

⁽²⁾ For additional detail related to unrealized gains (losses) on cash flow hedges and related amounts reclassified from accumulated other comprehensive income see NOTE 13. DERIVATIVE INSTRUMENTS AND HEDGING ACTIVITIES.

The entire disclosure for comprehensive income, which includes, but is not limited to, 1) the amount of income tax expense or benefit allocated to each component of other comprehensive income, including reclassification adjustments, 2) the reclassification adjustments for each classification of other comprehensive income and 3) the ending accumulated balances for each component of comprehensive income.

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Reference 9: http://www.xbrl.org/2003/role/presentationRef
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-Glossary Reclassification Adjustments
-URI http://asc.fasb.org/extlink&oid=6522872

Regulatory Capital

12 Months Ended

Dec. 31, 2013

Regulatory Capital

REGULATORY CAPITAL

The Corporation and the Bank are subject to various regulatory capital requirements administered by the federal banking agencies and are assigned to a capital category. The assigned capital category is largely determined by three ratios that are calculated according to the regulations: total risk adjusted capital, Tier 1 capital, and Tier 1 leverage ratios. The ratios are intended to measure capital relative to assets and credit risk associated with those assets and off-balance sheet exposures of the entity. The capital category assigned to an entity can also be affected by qualitative judgments made by regulatory agencies about the risk inherent in the entity's activities that are not part of the calculated ratios.

There are five capital categories defined in the regulations, ranging from well capitalized to critically undercapitalized. Classification of a bank in any of the undercapitalized categories can result in actions by regulators that could have a material effect on a bank's operations.

At December 31, 2013, the management of the Corporation believes that it meets all capital adequacy requirements to which it is subject. The most recent notifications from the regulatory agencies categorized the Bank as well capitalized under the regulatory framework for prompt corrective action. To be categorized as well capitalized, a bank must maintain a minimum total capital to risk-weighted assets, Tier I capital to risk-weighted assets and Tier I capital to average assets of 10 percent, 6 percent and 5 percent, respectively. It should be noted that a bank's capital category is determined solely for the purpose of applying the OCC's "prompt corrective action" regulations and that the capital category may not constitute an accurate representation of the Bank's overall financial condition or prospects.

Actual and required capital amounts and ratios are listed below.



	2013								2012
					Required For								Required For
	Actual				Adequate Capital				Actual				Adequate Capital
December 31,	Amount		Ratio		Amount		Ratio		Amount		Ratio		Amount		Ratio
Total Capital (to Risk-weighted Assets)
First Merchants Corporation	$	599,966	14.54	%	$	330,107	8.00	%	$	526,792	16.34	%	$	257,927	8.00	%
First Merchants Bank	599,272		14.56		329,344		8.00		515,337		16.01		257,446		8.00
Tier I Capital (to Risk-weighted Assets)
First Merchants Corporation	$	483,186	11.71	%	$	165,053	4.00	%	$	456,132	14.15	%	$	128,964	4.00	%
First Merchants Bank	547,655		13.30		164,672		4.00		474,782		14.75		128,723		4.00
Tier I Capital (to Average Assets)
First Merchants Corporation	$	483,186	10.20	%	$	189,485	4.00	%	$	456,132	11.03	%	$	165,460	4.00	%
First Merchants Bank	547,655		11.58		189,095		4.00		474,782		11.50		165,124		4.00

The entire disclosure for banks, savings institutions, and credit unions, for regulatory capital requirements imposed by the Federal Reserve System (FRB), the Federal Deposit Insurance Corporation (FDIC), the Office of Thrift Supervision (OTS) or for any state imposed capital requirements, as applicable. The disclosure may include (1) a description of regulatory capital requirements (a) for capital adequacy purposes and (b) established by the prompt corrective action provisions of Section 38 of the Federal Depository Insurance Act; (2) the actual or possible material effects of noncompliance with such requirements; (3) whether the entity is in compliance with the regulatory capital requirements including (a) required and actual ratios and amounts of Tier 1 leverage, Tier 1 risk-based, and total risk-based capital, tangible capital (for savings institutions), and Tier 3 capital for market risk (for certain banks and bank holding companies), (b) factors that may significantly affect capital adequacy; (4) the prompt corrective action category in which the entity was classified as of its most recent notification; (5) whether management believes any conditions or events since notification have changed the entity's category. Also may include additional information that might be disclosed in situations where substantial doubt about the entity's ability to continue as a going concern for a reasonable period of time.

Reference 1: http://www.xbrl.org/2003/role/presentationRef
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Disclosure of Compensation Related Costs, Share-based Payments [Abstract]

Loan Servicing	12 Months Ended
Loan Servicing	Dec. 31, 2013
Banking and Thrift [Abstract]
Loan Servicing	LOAN SERVICING Mortgage loans serviced for others are not included in the accompanying consolidated balance sheets. The loans are serviced primarily for the Federal Home Loan Mortgage Corporation and Fannie Mae, and the unpaid balances totaled $271,871,000, $167,879,000 and $136,867,000 at December 31, 2013, 2012 and 2011, respectively. The amount of capitalized servicing assets is considered immaterial.

Share-Based Compensation

12 Months Ended

Dec. 31, 2013

Share-Based Compensation

SHARE-BASED COMPENSATION

Stock options and restricted stock awards ("RSAs") have been issued to directors, officers and other management employees under the Corporation's 1999 Long-term Equity Incentive Plan and the 2009 Long-term Equity Incentive Plan. The stock options, which have a ten-year life, become 100 percent vested ranging from six months to two years and are fully exercisable when vested. Option exercise prices equal the Corporation's common stock closing price on NASDAQ on the date of grant. RSAs provide for the issuance of shares of the Corporation's common stock at no cost to the holder and generally vest after three years. The RSAs vest only if the employee is actively employed by the Corporation on the vesting date and, therefore, any unvested shares are forfeited. RSAs for employees retired from the Corporation are either immediately vested at retirement or continue to vest after retirement, depending on which plan under which the shares were granted. Deferred stock units ("DSUs") have been credited to non-employee directors who have elected to defer payment of compensation under the Corporation's 2008 Equity Compensation Plan for Non-employee Directors. DSUs credited are equal to the restricted shares that the non-employee director would have received under the plan. As of December 31, 2013, the Corporation did not have any outstanding DSUs.

The Corporation’s 2009 Employee Stock Purchase Plan (“ESPP”) provides eligible employees of the Corporation and its subsidiaries an opportunity to purchase shares of common stock of the Corporation through quarterly offerings financed by payroll deductions. The price of the stock to be paid by the employees shall be equal to 85 percent of the average of the closing price of the Corporation’s common stock on each trading day during the offering period. However, in no event shall such purchase price be less than the lesser of an amount equal to 85 percent of the market price of the Corporation’s stock on the offering date or an amount equal to 85 percent of the market value on the date of purchase. Common stock purchases are made quarterly and are paid through advance payroll deductions up to a calendar year maximum of $25,000.

Compensation expense related to unvested share-based awards is recorded by recognizing the unamortized grant date fair value of these awards over the remaining service periods of those awards, with no change in historical reported fair values and earnings. Awards are valued at fair value in accordance with provisions of share-based compensation guidance and are recognized on a straight-line basis over the service periods of each award. To complete the exercise of vested stock options, RSA’s and ESPP options, the Corporation generally issues new shares from its authorized but unissued share pool. Share-based compensation for the years ended December 31, 2013, 2012, and 2011 was $1,773,000, $1,492,000, and $1,315,000, respectively, and has been recognized as a component of salaries and benefits expense in the accompanying CONSOLIDATED STATEMENTS OF INCOME.

The estimated fair value of the stock options granted during 2013, 2012, and 2011 was calculated using a Black-Scholes option pricing model. The following summarizes the assumptions used in the Black-Scholes model:



	2013			2012			2011
Risk-free interest rate	1.25	%		1.36	%		2.74	%
Expected price volatility	45.68	%		46.22	%		45.43	%
Dividend yield	2.96	%		3.29	%		3.65	%
Forfeiture rate	4.73	%		4.77	%		5.00	%
Weighted-average expected life, until exercise	7.27		years	7.20		years	6.91		years

The Black-Scholes model incorporates assumptions used to value share-based awards. The risk-free rate of interest, for periods equal to the expected life of the option, is based on a U.S. government instrument over a similar contractual term of the equity instrument. Expected price volatility is based on historical volatility of the Corporation’s common stock. In addition, the Corporation generally uses historical information to determine the dividend yield and weighted-average expected life of the options until exercise. Separate groups of employees that have similar historical exercise behavior with regard to option exercise timing and forfeiture rates are considered separately for valuation and attribution purposes.

Share-based compensation expense recognized in the CONSOLIDATED STATEMENTS OF INCOME is based on awards ultimately expected to vest and is reduced for estimated forfeitures. Share-based compensation guidance requires forfeitures to be estimated at the time of grant and revised, if necessary, in subsequent periods, if actual forfeitures differ from those estimates. Pre-vesting forfeitures were estimated to be approximately 5 percent for the year ended December 31, 2013, based on historical experience.

The following table summarizes the components of the Corporation's share-based compensation awards recorded as expense:



	Year Ended December 31,			Year Ended December 31,			Year Ended December 31,
	2013			2012			2011
Stock and ESPP Options
Pre-tax compensation expense	$	253		$	284		$	237
Income tax benefit	(16		)	(23		)	(21		)
Stock and ESPP option expense, net of income taxes	$	237		$	261		$	216
Restricted Stock Awards
Pre-tax compensation expense	$	1,520		$	1,208		$	1,078
Income tax benefit	(531		)	(428		)	(371		)
Restricted stock awards expense, net of income taxes	$	989		$	780		$	707
Total Share-Based Compensation:
Pre-tax compensation expense	$	1,773		$	1,492		$	1,315
Income tax benefit	(547		)	(451		)	(392		)
Total share-based compensation expense, net of income taxes	$	1,226		$	1,041		$	923

As of December 31, 2013, unrecognized compensation expense related to stock options and RSAs totaling $36,000 and $2,665,000, respectively, is expected to be recognized over weighted-average periods of 0.39 years and 1.33 years, respectively.

Stock option activity under the Corporation's stock option plans, as of December 31, 2013, and changes during the year ended December 31, 2013, were as follows:



	Number of Shares		Weighted-Average Exercise Price		Weighted Average Remaining Contractual Term (in Years)	Aggregate Intrinsic Value
Outstanding at January 1, 2013	906,636		$	21.58
Granted	184,269		$	16.50
Exercised	(13,750	)	$	7.77
Canceled	(118,369	)	$	23.42
Outstanding December 31, 2013	958,786		$	21.32	3.28	3,064,900
Vested and Expected to Vest at December 31, 2013	958,786		$	21.32	3.28	3,064,900
Exercisable at December 31, 2013	907,986		$	21.74	2.98	2,603,971

The weighted-average grant date fair value was $5.73, $3.97 and $3.09 for stock options granted during the years ended December 31, 2013, 2012 and 2011, respectively.

The aggregate intrinsic value in the table above represents the total pre-tax intrinsic value (the difference between the Corporation's closing stock price on the last trading day of 2013 and the exercise price, multiplied by the number of in-the-money options) that would have been received by the option holders had all option holders exercised their stock options on December 31, 2013. The amount of aggregate intrinsic value will change based on the fair market value of the Corporation's common stock.

The aggregate intrinsic value of stock options exercised during the years ended December 31, 2013 and December 31, 2012 was $143,000 and $60,000, respectively. There were no stock options exercised during the year ended 2011. Cash receipts of stock options exercised during 2013 and 2012 were $115,000 and $78,000.

The following table summarizes information on unvested RSAs outstanding as of December 31, 2013:



	Number of Shares		Weighted-Average Grant Date Fair Value
Unvested RSAs at January 1, 2013	401,375		$	9.29
Granted	146,639		$	16.35
Forfeited	(2,025	)	$	11.73
Vested	(116,987	)	$	6.27
Unvested RSAs at December 31, 2013	429,002		$	12.51

The grant date fair value of ESPP options was estimated at the beginning of the October 1, 2013, quarterly offering period of approximately $16,000. The ESPP options vested during the three months ending December 31, 2013, leaving no unrecognized compensation expense related to unvested ESPP options at December 31, 2013.

Pension and Other Post Retirement Benefit Plans

12 Months Ended

Dec. 31, 2013

Compensation and Retirement Disclosure [Abstract]

Pension and Other Post Retirement Benefit Plans

PENSION AND OTHER POST RETIREMENT BENEFIT PLANS

The Corporation’s defined-benefit pension plans cover approximately 24 percent of the Corporation’s employees. In 2005, the Board of Directors of the Corporation approved the curtailment of the accumulation of defined benefits for future services provided by certain participants in the First Merchants Corporation Retirement Plan. No additional pension benefits have been earned by any employees who had not attained both the age of 55 and accrued at least 10 years of vesting service as of March 1, 2005. The benefits are based primarily on years of service and employees’ pay near retirement. Contributions are intended to provide not only for benefits attributed to service-to-date, but also for those expected to be earned in the future. The Corporation also maintains post retirement benefit plans that provide health insurance benefits to retirees. The plans allow retirees to be carried under the Corporation’s health insurance plan, generally from ages 55 to 65. The retirees pay 100 percent of the premiums due for their coverage.

The table below sets forth the plans’ funded status and amounts recognized in the consolidated balance sheet at December 31, using measurement dates of December 31, 2013 and December 31, 2012.



	2013			2012
Change in benefit obligation
Benefit obligation at beginning of year	$	69,166		$	68,769
Service Cost	131			161
Interest Cost	2,670			2,990
Actuarial Loss (Gain)	(5,597		)	3,168
Benefits paid	(4,100		)	(5,922		)
Benefit obligation at end of year	62,270			69,166
Change in plan assets
Fair value of plan assets at beginning of year	62,865			62,078
Actual return on plan assets	10,610			6,141
Employer contributions	496			568
Benefits Paid	(4,100		)	(5,922		)
End of Year	69,871			62,865
Funded Status at End of Year	$	7,601		$	(6,301	)
Assets and Liabilities Recognized in the Balance Sheets:
Deferred Tax Asset	$	4,266		$	9,200
Assets	$	12,383
Liabilities	$	4,782		$	6,301
Amounts Recognized in Accumulated Other Comprehensive Income Not Yet Recognized as Components of Net Periodic Benefit Cost Consist of:
Accumulated Loss	$	(7,922	)	$	(17,085	)
Prior Service Credit	(28		)	(41		)
	$	(7,950	)	$	(17,126	)

The accumulated benefit obligation for all defined benefit plans was $4,782,000 and $69,139,000 at December 31, 2013 and 2012, respectively.

Information for pension plans with an accumulated benefit obligation in excess of plan assets is included in the table below.



	December 31, 2013		December 31, 2012
Projected Benefit Obligation	$	4,782	$	69,166
Accumulated Benefit Obligation	$	4,782	$	69,139
Fair Value of Plan Assets			$	62,865

The following table shows the components of net periodic pension costs:



	December 31, 2013			December 31, 2012
Service Cost	$	131		$	161
Interest Cost	2,670			2,990
Expected Return on Plan Assets	(4,265		)	(4,216		)
Amortization of Prior Service Costs	25			25
Amortization of Net Loss	2,131			2,207
Net Periodic Pension Cost	$	692		$	1,167

Other changes in plan assets and benefit obligations recognized in other comprehensive income:



	December 31, 2013			December 31, 2012
Net Periodic Pension Cost	$	692		$	1,167
Net gain (loss)	(11,942		)	1,242
Actuarial gain (loss)	(2,131		)	(2,207		)
Amortization of prior service (cost) credit	(25		)	(25		)
Total Recognized in Other Comprehensive Income	(14,098		)	(990		)
Total Recognized in NPPC and OCI	$	(13,406	)	$	177

The estimated net loss and transition obligation for the defined benefit pension plans that will be amortized from accumulated other comprehensive income into net periodic pension cost over the next fiscal year are:



	December 31, 2013			December 31, 2012
Amortization of Net Loss	$	(533	)	$	(2,158	)
Amortization of Prior Service Cost	(25		)	(25		)
Total	$	(558	)	$	(2,183	)

Significant assumptions include:



	December 31, 2013		December 31, 2012
Weighted-average Assumptions Used to Determine Benefit Obligation:
Discount Rate	4.80	%	4.00	%
Rate of Compensation Increase for accruing active participants	3.00	%	3.00	%
Weighted-average Assumptions Used to Determine Benefit Cost:
Discount Rate	4.00	%	4.50	%
Expected Return on Plan Assets	7.00	%	7.00	%
Rate of Compensation Increase for accruing active participants	3.00	%	4.00	%

At December 31, 2013 and December 31, 2012, the Corporation based its estimate of the expected long-term rate of return on analysis of the historical returns of the plans and current market information available. The plans’ investment strategies are to provide for preservation of capital with an emphasis on long-term growth without undue exposure to risk. The assets of the plans’ are invested in accordance with the plans’ Investment Policy Statement, subject to strict compliance with Employee Retirement Income Security Act of 1974 ("ERISA") and any other applicable statutes.

The plans’ risk management practices include quarterly evaluations of investment managers, including reviews of compliance with investment manager guidelines and restrictions; ability to exceed performance objectives; adherence to the investment philosophy and style; and ability to exceed the performance of other investment managers. The evaluations are reviewed by management with appropriate follow-up and actions taken, as deemed necessary. The Investment Policy Statement generally allows investments in cash and cash equivalents, real estate, fixed income debt securities and equity securities, and specifically prohibits investments in derivatives, options, futures, private placements, short selling, non-marketable securities and purchases of non-investment grade bonds.

At December 31, 2013, the maturities of the plans’ debt securities ranged from 2 days to 9.61 years, with a weighted average maturity of 4.63 years. At December 31, 2012, the maturities of the plans’ debt securities ranged from 31 days to 9.08 years, with a weighted average maturity of 4.97 years.

The following benefit payments, which reflect expected future service, as appropriate, are expected to be paid as of December 31, 2013. The minimum contribution required in 2014 will likely be zero but the Corporation may decide to make a discretionary contribution during the year.



2014	$	4,195
2015	4,318
2016	4,317
2017	4,219
2018	4,241
After 2018	21,458
	$	42,748

Plan assets are re-balanced quarterly. At December 31, 2013 and 2012, plan assets by category are as follows:



	December 31, 2013				December 31, 2012
	Actual		Target		Actual		Target
Cash and cash equivalents	2.7	%	2.0	%	1.3	%	3.0	%
Equity securities	62.2		60.0		53.7		51.0
Debt securities	33.2		36.0		43.0		44.0
Alternative investments	1.9		2.0		2.0		2.0
	100.0	%	100.0	%	100.0	%	100.0	%

Citizens Financial Bank participated in the Pentegra Defined Benefit Plan for Financial Institutions (the "Pentegra Plan”), an industry-wide, tax-qualified defined-benefit pension plan. The Pentegra Plan operates as a multi-employer plan for accounting purposes and as a multiple employer plan under ERISA and the Internal Revenue Code. On September 30, 2013, the Board of Citizens Financial Bank approved a resolution to withdraw as a Participating Employer in the Pentegra Plan. Upon completion of the withdrawal from the Pentegra Plan, the assets and liabilities will be merged into the First Merchants Corporation Retirement Plan. A liability of $6 million has been recorded as the estimated final contribution to the Pentegra Plan to complete the withdrawal. The merging of the plan assets and liabilities is expected in early 2014.

The First Merchants Corporation Retirement and Income Savings Plan (the “Savings Plan”), a Section 401(k) qualified defined contribution plan, was amended on March 1, 2005 to provide enhanced retirement benefits, including employer and matching contributions, for eligible employees of the Corporation and its subsidiaries. The Corporation matches employees’ contributions primarily at the rate of 50 percent for the first 6 percent of base salary contributed by participants.

Beginning in 2005, employees who have completed 1000 hours of service and are an active employee on the last day of the year receive an additional retirement contribution after year-end. The amount of a participant’s retirement contribution varies from 2 to 7 percent of salary based upon years of service. Employees hired after January 1, 2010 do not participate in the additional retirement contribution. The amount of a participant’s retirement contribution varied from 2 to 7 percent of salary based upon years of service through December 31, 2012. Effective January 1, 2013, the amount of all participant’s retirement contribution is 2 percent, regardless of years of service. Full vesting occurs after five years of service. The Corporation’s expense for the Savings Plan, including the additional retirement contribution, was $3,138,000 for 2013, $2,914,000 for 2012 and $2,824,000 for 2011.

The Corporation maintains post retirement benefit plans that provide health insurance benefits to retirees. The plans allow retirees to be carried under the Corporation’s health insurance plan, generally from ages 55 to 65. The retirees pay 100 percent of the premiums due for their coverage. The accrued benefits payable under the plans totaled $1,534,000 and $4,035,000 at December 31, 2013 and 2012, respectively. Post retirement plan expense totaled $519,000, $477,000 and $528,000 for the years ending December 31, 2013, 2012 and 2011, respectively.

Pension Plan Assets

Following is a description of the valuation methodologies used for pension plan assets measured at fair value on a recurring basis, as well as the general classification of pension plan assets pursuant to the valuation hierarchy.

Where quoted market prices are available in an active market, plan assets are classified within Level 1 of the valuation hierarchy. Level 1 plan assets total $51,176,000 and include cash and cash equivalents, common stocks, mutual funds and corporate bonds and notes. If quoted market prices are not available, then fair values are estimated by using pricing models, quoted prices of plan assets with similar characteristics or discounted cash flows. Level 2 plan assets total $18,695,000 and include governmental agencies, taxable municipals, common collective trust investments (which are classified below as Party-in-Interest investments -- common bond fund and common equity fund) and certificates of deposit. In certain cases where Level 1 or Level 2 inputs are not available, plan assets are classified within Level 3 of the hierarchy. There are no assets classified within Level 3 of the hierarchy at December 31, 2013.



			Fair Value Measurements Using
			Quoted Prices in Active Markets for Identical Assets		Significant Other Observable Inputs		Significant Unobservable Inputs
December 31, 2013	Fair Value		(Level 1)		(Level 2)		(Level 3)
Cash & Cash Equivalents	$	1,864	$	1,864
Corporate Bonds and Notes	6,076		6,076
Government Agency and Municipal Bonds and Notes	8,263				$	8,263
Certificates of Deposit	607				607
Party-in-Interest Investments
Common Stock	1,375		1,375
Common Bond Fund	5,318				5,318
Common Equity Fund	4,507				4,507
Mutual Funds
Taxable Bond	3,901		3,901
Large Cap Equity	20,617		20,617
Mid Cap Equity	8,721		8,721
Small Cap Equity	3,584		3,584
International Equity	3,727		3,727
Specialty Alternative Equity	1,311		1,311
	$	69,871	$	51,176	$	18,695	$	—

Income Tax

12 Months Ended

Dec. 31, 2013

Income Tax Disclosure [Abstract]

Income Tax

INCOME TAX

The reconciliation between the statutory and actual income tax expense (benefit) is summarized in the following table for the years indicated:



	2013			2012			2011
Income Tax Expense for the Year Ended December 31:
Currently Payable:
Federal	$	738		$	(23	)	$	399
State
Deferred:
Federal	13,939			15,890			8,256
State
Total Income Tax Expense	$	14,677		$	15,867		$	8,655
Reconciliation of Federal Statutory to Actual Tax Expense:
Federal Statutory Income Tax at 35%	$	20,722		$	21,347		$	11,867
Tax-exempt Interest Income	(3,923		)	(3,716		)	(3,714		)
Non-deductible Interest Expense							649
Stock Compensation	50			76			69
Earnings on Life Insurance	(905		)	(1,187		)	(899		)
Tax Credits	(857		)	(73		)	(99		)
Other	(410		)	(580		)	782
Actual Tax Expense	$	14,677		$	15,867		$	8,655

Tax expense applicable to security gains and losses, including unrealized losses relating to other-than-temporary impairment charges, for the years ended December 31, 2013, 2012 and 2011, was $157,000, $759,000 and $714,000, respectively.

The Corporation or one of its subsidiaries files income tax returns in the U.S. federal jurisdiction and various state jurisdictions. With a few exceptions, the Corporation is no longer subject to U.S. federal, state and local or non-U.S. income tax examinations by tax authorities for years before 2010.

The tax effects of temporary differences related to deferred taxes shown on the balance sheets were:



	2013			2012
Deferred Tax Asset at December 31:
Assets:
Differences in Accounting for Loan Losses	$	28,064		$	28,788
Differences in Accounting for Loan Fees	736			941
Differences in Accounting for Loans and Securities	13,579			477
Deferred Compensation	5,479			7,181
Difference in Accounting for Pensions and Other Employee Benefits				1,953
Federal & State Income Tax Loss Carryforward and Credits	24,981			9,356
Net Unrealized Loss on Securities Available for Sale	151
Other	12,828			9,356
Total Assets	85,818			58,052
Liabilities:
Differences in Depreciation Methods	8,008			6,050
Difference in Accounting for Pensions and Other Employee Benefits	1,096
State Income Tax	354			354
Net Unrealized Gain on Securities Available for Sale				7,879
Gain on FDIC Modified Whole Bank Transaction	2,147			2,737
Other	1,257			1,051
Total Liabilities	12,862			18,071
Net Deferred Tax Asset Before Valuation Allowance	72,956			39,981
Valuation allowance:
Beginning Balance	(13,859		)	(15,701		)
Decrease/(Increase) During the Year	(3,312		)	1,842
Ending Balance	(17,171		)	(13,859		)
Net Deferred Tax Asset	$	55,785		$	26,122

The $29,663,000 increase in the Corporation’s net deferred tax asset was primarily driven by a $30,265,000 increase resulting from the CFS acquisition. Additionally, an increase in the net deferred tax asset of $8,030,000 resulted from net unrealized gains/losses associated with securities available for sale. Partially offsetting this were decreases in the net deferred tax asset of $5,880,000 related to pensions and other employee benefits and $1,702,000 related to deferred compensation.

The Corporation has recorded a valuation allowance of $17,171,000 related to deferred state taxes as it does not anticipate having future state taxable income sufficient to fully utilize the deferred state tax asset. This is primarily due to the Corporation’s current tax structure as discussed in the “INCOME TAXES” section of Management’s Discussion and Analysis of Financial Condition and Results of Operations included as item 7 of this Annual Report on Form 10-K.

As of December 31, 2013, the Corporation had approximately $136,769,000 of state tax loss carryforward available to offset future franchise tax. This state loss carryforward has a full valuation allowance.

The Corporation has approximately $13,393,000 of additional paid-in capital that is considered restricted resulting from the CFS acquisition. CFS qualified as a bank under provisions of the Internal Revenue Code which permitted it to deduct from taxable income an allowance for bad debts which differed from the provision for losses charged to income. No provision for income taxes had been provided. If in the future this portion of additional paid-in capital is distributed, or the Corporation no longer qualifies as a bank for income tax purposes, income taxes may be imposed at the then applicable tax rates. The unrecorded deferred tax liability at December 31, 2013, would have been approximately $4,688,000.

Net Income Per Share

12 Months Ended

Dec. 31, 2013

Earnings Per Share [Abstract]

Net Income Per Share

NET INCOME PER SHARE

Basic net income per share is computed by dividing net income by the weighted-average shares outstanding during the reporting period. Diluted net income per share is computed by dividing net income by the combination of all dilutive common share equivalents, comprised of shares issuable under the Corporation’s share-based compensation plans, and the weighted-average shares outstanding during the reporting period.

Dilutive common share equivalents include the dilutive effect of in-the-money share-based awards, which are calculated based on the average share price for each period using the treasury stock method. Under the treasury stock method, the exercise price of share-based awards, the amount of compensation expense, if any, for future service that the Corporation has not yet recognized, and the amount of estimated tax benefits that would be recorded in additional paid-in capital when share-based awards are exercised, are assumed to be used to repurchase common stock in the current period.

The following table reconciles basic and diluted net income per share for the years indicated:



	2013						2012						2011
				Weighted-Average Shares						Weighted-Average Shares						Weighted-Average Shares
Basic net income per share:	$	44,530					$	45,122					$	25,252
Loss on CPP unamortized discount													(1,401		)
Loss on extinguishment of trust preferred securities													(10,857		)
Preferred stock dividends	(2,380		)				(4,539		)				(3,981		)
Net income available to common stockholders	42,150			29,731,420	$	1.42	40,583			28,632,915	$	1.42	9,013			26,550,043	$	0.34
Effect of dilutive stock options and warrants				276,960						213,769						143,805
Diluted net income per share:
Net income available to common stockholders	$	42,150		30,008,380	$	1.41	$	40,583		28,846,684	$	1.41	$	9,013		26,693,848	$	0.34

Options to purchase 800,674, 820,706, and 1,029,577 shares of common stock with weighted average exercise prices of $21.32, $21.58, and $22.57 at December 31, 2013, 2012 and 2011 respectively, were excluded from the computation of diluted net income per share because the options exercise price was greater than the average market price of the common stock.

Quarterly Results of Operations (Unaudited)

12 Months Ended

Dec. 31, 2013

Quarterly Financial Information Disclosure [Abstract]

Quarterly Results of Operations (Unaudited)

QUARTERLY RESULTS OF OPERATIONS (UNAUDITED)

The following table sets forth certain quarterly results for the years ended December 31, 2013 and 2012:



	2013												2012
	First			Second			Third			Fourth			First			Second			Third			Fourth
Interest income	$	43,738		$	40,653		$	40,736		$	45,707		$	43,469		$	44,169		$	45,347		$	42,964
Interest expense	4,280			4,003			3,714			4,572			7,353			6,116			5,445			4,699
Net interest income	39,458			36,650			37,022			41,135			36,116			38,053			39,902			38,265
Provision for loan losses	2,102			1,997			1,533			1,016			4,875			4,545			4,609			4,505
Net interest income after provision for loan losses	37,356			34,653			35,489			40,119			31,241			33,508			35,293			33,760
Non-interest income	13,877			14,059			11,800			15,073			22,658			13,165			14,273			14,206
Non-interest expense	34,700			33,742			34,219			40,558			34,028			34,180			34,404			34,503
Income before income tax expense	16,533			14,970			13,070			14,634			19,871			12,493			15,162			13,463
Income tax expense	4,668			4,155			2,667			3,187			5,500			3,288			3,926			3,153
Net income	11,865			10,815			10,403			11,447			14,371			9,205			11,236			10,310
Preferred stock dividends	(857		)	(852		)	(430		)	(241		)	(1,135		)	(1,135		)	(1,134		)	(1,135		)
Net income available to common stockholders	$	11,008		$	9,963		$	9,973		$	11,206		$	13,236		$	8,070		$	10,102		$	9,175

Basic EPS	$	0.38		$	0.35		$	0.35		$	0.34		$	0.46		$	0.29		$	0.35		$	0.32
Diluted EPS	$	0.38		$	0.34		$	0.35		$	0.34		$	0.46		$	0.28		$	0.35		$	0.32
Average Shares Outstanding:
Basic	28,716,987			28,783,407			28,806,809			32,597,145			28,582,616			28,624,609			28,649,996			28,673,802
Diluted	28,971,238			29,023,513			29,081,472			32,912,605			28,754,713			28,815,019			28,888,076			28,930,392

Condensed Financial Information (parent company only)

12 Months Ended

Dec. 31, 2013

Condensed Financial Information of Parent Company Only Disclosure [Abstract]

Condensed Financial Information (parent company only)

CONDENSED FINANCIAL INFORMATION (parent company only)

Presented below is condensed financial information as to financial position, results of operations, and cash flows of the Corporation.

Condensed Balance Sheets



	December 31, 2013		December 31, 2012
Assets
Cash	$	13,228	$	35,160
Investment in Subsidiaries	745,818		633,971
Goodwill	448		448
Other Assets	8,695		6,638
Total Assets	$	768,189	$	676,217
Liabilities
Borrowings	$	126,702	$	111,702
Other Liabilities	6,564		12,279
Total Liabilities	133,266		123,981
Stockholders' Equity	634,923		552,236
Total Liabilities and Stockholders' Equity	$	768,189	$	676,217

Condensed Statements of Income and Comprehensive Income



	December 31, 2013			December 31, 2012			December 31, 2011
Income
Dividends from Subsidiaries	$	63,732		$	30,096		$	4,677
Other Income	45			85			(11		)
Total Income	63,777			30,181			4,666
Expenses
Interest Expense	3,531			4,655			7,661
Salaries and Employee Benefits	3,284			3,194			2,688
Net Occupancy and Equipment Expenses	258			312			31
Telephone Expenses	42			30			21
Postage and Courier Expenses				1			2
Other Expenses	2,617			1,502			1,501
Total Expenses	9,732			9,694			11,904
Income (Loss) Before Income Tax Benefit and Equity in Undistributed Income of Subsidiaries	54,045			20,487			(7,238		)
Income Tax Benefit	3,153			3,316			3,256
Income (Loss) Before Equity in Undistributed Income of Subsidiaries	57,198			23,803			(3,982		)
Equity in Undistributed (Distributions in Excess of) Income of Subsidiaries	(12,668		)	21,319			29,234
Net Income	44,530			45,122			25,252
Loss on CPP Unamortized Discount							(1,401		)
Loss on Extinguishment of Trust Preferred Securities							(10,857		)
Preferred Stock Dividends and Discount Accretion	(2,380		)	(4,539		)	(3,981		)
Net Income Available to Common Stockholders	$	42,150		$	40,583		$	9,013

Net Income	$	44,530		$	45,122		$	25,252
Other Comprehensive Income (Loss)	(911		)	(1,897		)	6,555
Comprehensive Income	$	43,619		$	43,225		$	31,807

Condensed Statement of Cash Flows



	Year Ended December 31,
	2013			2012			2011
Operating Activities:
Net Income	$	44,530		$	45,122		$	25,252
Adjustments to Reconcile Net Income to Net Cash:
Share-based Compensation	778			632			524
Distributions in Excess of (Equity in Undistributed) Income of Subsidiaries	12,668			(21,319		)	(29,234		)
Net Change in:
Other Assets	(1,354		)	1,902			5,747
Other Liabilities	(8,438		)	1,122			1,091
Investment in Subsidiaries - Operating Activities	12,991			(1,755		)	(6,593		)
Net Cash Provided (Used) by Operating Activities	$	61,175		$	25,704		$	(3,213	)
Investing Activities:
Investment in Subsidiaries				$	(126	)	$	704
Other	$	240
Net Cash Provided (Used) in Investing Activities	$	240		$	(126	)	$	704
Financing Activities:
Cash Dividends	$	(7,992	)	$	(7,442	)	$	(4,729	)
Repayment of Borrowings	(55,000		)	(4,124		)	(46,400		)
Proceeds from issuance of long-term debt	70,000
Preferred stock redemption under Capital Purchase Program							(69,600		)
Preferred stock issued under Small Business Lending Fund							90,783
Preferred stock redemption under Small Business Lending Fund	(90,783		)
Repurchase of Common Stock Warrants under Capital Purchase Program							(368		)
Common Stock Issued							21,165
Stock Issued Under Employee Benefit Plans	479			449			669
Stock Issued Under Dividend Reinvestment and Stock Purchase Plan	325			202			89
Stock Options Exercised	115			78
Stock Redeemed	(491		)	(235		)	(126		)
Other							298
Net Cash Used by Financing Activities	$	(83,347	)	$	(11,072	)	$	(8,219	)
Net Change in Cash	(21,932		)	14,506			(10,728		)
Cash, Beginning of the Year	35,160			20,654			31,382
Cash, End of Year	$	13,228		$	35,160		$	20,654

Accounting Matters	12 Months Ended
Accounting Matters	Dec. 31, 2013
Accounting Changes and Error Corrections [Abstract]
Accounting Matters	ACCOUNTING MATTERS In January 2014, the Financial Accounting Standards Board (FASB) issued Accounting Standards Update (ASU) 2014-04, "Reclassification of Residential Real Estate Collateralized Consumer Mortgage Loans upon Foreclosure,” to reduce diversity by clarifying when a creditor should be considered to have received physical possession of residential real estate property collateralizing a consumer mortgage loan such that the loan receivable should be derecognized and the real estate property recognized. The ASU is effective for fiscal years, and interim periods within those years, beginning after December 15, 2014. Adoption of the ASU is not expected to have a significant effect on the Corporation’s consolidated financial statements. In January 2014, the FASB issued ASU 2014-01, "Accounting for Investments in Qualified Affordable Housing Projects,” to permit entities to make an accounting policy election to account for their investments in qualified affordable housing projects using the proportional amortization method if certain conditions are met. The ASU modifies the conditions that an entity must meet to be eligible to use a method other than the equity or cost methods to account for qualified affordable housing project investments. The ASU is effective for fiscal years, and interim periods within those years, beginning after December 15, 2014. Adoption of the ASU is not expected to have a significant effect on the Corporation’s consolidated financial statements. In July 2013, the FASB issued ASU 2013-11, "Presentation of an Unrecognized Tax Benefit When a Net Operating Loss Carryforward, a Similar Tax Loss, or a Tax Credit Carryforward Exists,” to require presentation in the financial statements of an unrecognized tax benefit or a portion of an unrecognized tax benefit, as a reduction to a deferred tax asset for a net operating loss (NOL) carryforward, a similar tax loss, or a tax credit carryforward, except as follows. When an NOL carryforward, a similar tax loss, or a tax credit carryforward is not available at the reporting date under the tax law of the applicable jurisdiction to settle any additional income taxes that would result from the disallowance of a tax position, or when the tax law of the applicable jurisdiction does not require the entity to use, and the entity does not intend to use, the deferred tax asset for such purpose, the unrecognized tax benefit should be presented in the financial statements as a liability and should not be combined with deferred tax assets. The ASU is effective for fiscal years, and interim periods within those years, beginning after December 15, 2013. Adoption of the ASU is not expected to have a significant effect on the Corporation’s consolidated financial statements. In July 2013, the FASB issued ASU 2013-10, "Inclusion of the Fed Funds Effective Swap Rate (or Overnight Index Swap Rate) as a Benchmark Interest Rate for Hedge Accounting Purposes,” to allow the Fed Funds Effective Swap Rate to be used as a U.S. benchmark interest rate for hedge accounting purposes, in addition to the current benchmark rates of direct Treasury obligations of the U.S. government and LIBOR (London Interbank Offered Rate). The amendments were effective on a prospective basis for new or newly-designated hedging relationships on July 17, 2013. Adoption of the ASU is not expected to have a significant effect on the Corporation’s consolidated financial statements. In February 2013, the FASB issued ASU No. 2013-02, “Reporting of Amounts Reclassified Out of Accumulated Other Comprehensive Income,” to amend Topic 220, Comprehensive Income, to improve the transparency of reporting reclassifications out of accumulated other comprehensive income. The amendments require an entity to present, either in the income statement or in the notes, significant amounts reclassified out of accumulated other comprehensive income by the respective line items of net income, but only if the amount reclassified is required under U.S. GAAP to be reclassified to net income in its entirety in the same reporting period. For other amounts that are not required under U.S. GAAP to be reclassified in their entirety, an entity is required to cross-reference to other disclosures that provide additional detail about those amounts. This ASU was effective for annual and interim periods beginning January 1, 2013. Adoption of the ASU is not expected to have a significant effect on the Corporation’s consolidated financial statements.

Contingent Liabilities	12 Months Ended
Contingent Liabilities	Dec. 31, 2013
Commitments and Contingencies Disclosure [Abstract]
Contingent Liabilities	CONTINGENT LIABILITIES On April 16, 2013, First Merchants was named in a class action lawsuit in Delaware County Circuit Court challenging First Merchant's checking account practices associated with the assessment of overdraft fees. The plaintiff sought damages and other relief, including restitution and injunctive relief. First Merchants removed the case from state court to federal district court. First Merchants then filed a motion to stay the federal action pending arbitration. The motion was granted by the court and the action was stayed. To the extent the plaintiff desires to further pursue the matter, the plaintiff must do so through a separate arbitration proceeding. To date, there has been no effort by the plaintiff to initiate arbitration proceedings and no further activity in the court proceedings. If arbitration is pursued, First Merchants believes it has meritorious defenses to the claims brought by the plaintiff.

Nature of Operations and Summary of Significant Accounting Policies (Policies)	12 Months Ended
	Dec. 31, 2013
Accounting Policies [Abstract]
Basis of Accounting	The preparation of financial statements in conformity with accounting principles generally accepted in the United States of America requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities and disclosure of contingent assets and liabilities at the date of the financial statements and the reported amounts of revenues and expenses during the reporting period. Actual results could differ from those estimates.
Consolidation	CONSOLIDATION of the Corporation's financial statements include the accounts of the Corporation and all its subsidiaries, after elimination of all material intercompany transactions.
Business Combinations	BUSINESS COMBINATIONS are accounted for under the acquisition method of accounting. Under the acquisition method, assets and liabilities of the business acquired are recorded at their estimated fair values as of the date of acquisition with any excess of the cost of the acquisition over the fair value of the net tangible and intangible assets acquired recorded as goodwill. Results of operations of the acquired business are included in the income statement from the date of acquisition.
Available For Sale Securities	AVAILABLE FOR SALE SECURITIES are recorded at fair value on a recurring basis with the unrealized gains and losses, net of applicable income taxes, recorded in other comprehensive income. Realized gains and losses are recorded in earnings and the prior fair value adjustments are reclassified within stockholders' equity. Gains and losses on sales of securities are determined on the specific-identification method. Amortization of premiums and accretion of discounts are recorded as interest income from securities. Available for sale and held to maturity securities are evaluated for other-than-temporary impairment (“OTTI”) at least on a quarterly basis, and more frequently when economic or market conditions warrant such an evaluation. The investment securities portfolio is evaluated for OTTI by segregating the portfolio into two general segments and applying the appropriate OTTI model. Investment securities are generally evaluated for OTTI under ASC 320. However, certain purchased beneficial interest, including certain non-agency government-sponsored mortgage-backed securities, asset-backed securities and collateralized debt obligations are evaluated using the model outlined in ASC 325-10. In determining OTTI under ASC 320, management considers many factors, including: (1) the length of time and the extent to which the fair value has been less than cost, (2) the financial condition and near term prospects of the issuer, (3) whether the market decline was affected by macroeconomic conditions, and (4) whether the Corporation has the intent to sell the debt security or more likely than not will be required to sell the debt security before its anticipated recovery. The assessment of whether a decline exists that is other-than-temporary, involves a high degree of subjectivity and judgment and is based on the information available to management at a point in time. When the Corporation does not intend to sell a debt security, and it is more likely than not, the Corporation will not have to sell the security before recovery of its cost basis, it recognizes the credit component of an other-than-temporary impairment of a debt security in earnings and the remaining portion in other comprehensive income. The amount of the total OTTI related to the credit loss is determined based on the present value of cash flows expected to be collected and is recognized in earnings. The amount of the total OTTI related to other factors has been recognized in other comprehensive income, net of applicable income taxes. The previous amortized cost basis less the OTTI recognized in earnings becomes the new amortized cost basis of the investment. If the intent is to sell or it is more likely than not that the Corporation will be required to sell the security before recovery of its amortized cost basis, less any recognized credit loss, the OTTI is recognized in earnings equal to the entire difference between the investment’s amortized cost basis, less any recognized credit loss, and its fair value at the balance sheet date.
Held To Maturity Securities	HELD TO MATURITY SECURITIES are classified as held to maturity when the Corporation has the positive intent and ability to hold the securities to maturity. Securities held to maturity are carried at amortized cost. For held to maturity debt securities, the amount of an OTTI recorded in other comprehensive income for the noncredit portion of a previous other-than-temporary impairment is amortized prospectively over the remaining life of the security on the basis of the timing of future estimated cash flows of the security.
Mortgage Loans Held For Sale	MORTGAGE LOANS HELD FOR SALE are carried at the principal amount outstanding. The carrying amount approximates fair value due to the short duration between origination and the date of sale.
Loans	LOANS held in the Corporation’s portfolio are carried at the principal amount outstanding, net of unearned income. Certain non-accrual and substantially delinquent loans may be considered to be impaired. A loan is impaired when, based on current information or events, it is probable that the Bank will be unable to collect all amounts due (principal and interest) according to the contractual terms of the loan agreement. In applying the provisions of ASC 310, the Corporation considers its investment in one-to-four family residential loans and consumer installment loans to be homogeneous and therefore excluded from separate identification for evaluation of impairment. Interest income is accrued on the principal balances of loans, except for installment loans with add-on interest, for which a method that approximates the level yield method is used. The accrual of interest on impaired loans is discontinued when, in management’s opinion, the borrower may be unable to meet payments as they become due. When interest accrual is discontinued, all unpaid accrued interest is reversed against earnings when considered uncollectable. Interest income accrued in the prior year, if any, is charged to the allowance for loan losses. Interest income is subsequently recognized only to the extent cash payments are received and the loan is returned to accruing status. Certain loan fees and direct costs are being deferred and amortized as an adjustment of yield on the loans. Impaired loans are carried at the present value of estimated future cash flows using the loan’s existing rate, or the fair value of collateral if the loan is collateral dependent. A portion of the allowance for loan losses is allocated to impaired loans if the value of such loans is deemed to be less than the unpaid balance. If these allocations cause the allowance for loan losses to increase, such increase is reported as a component of the provision for loan losses. Loan losses are charged against the allowance when management believes the uncollectability of the loan is confirmed. The valuation would be considered Level 3, consisting of appraisals of underlying collateral and discounted cash flow analysis. Loan commitments and letters-of-credit generally have short-term, variable-rate features and contain clauses which limit the Bank’s exposure to changes in customer credit quality. Accordingly, their carrying values, which are immaterial at the respective balance sheet dates, are reasonable estimates of fair value.
Loans Acquired in Business Combinations	LOANS ACQUIRED IN BUSINESS COMBINATIONS with evidence of credit deterioration since origination and for which it is probable that all contractually required payments will not be collected are considered to be credit impaired. Evidence of credit quality deterioration as of purchase dates may include information such as past-due and nonaccrual status, borrower credit scores and recent loan to value percentages. Acquired credit-impaired loans are accounted for under the accounting guidance for loans and debt securities acquired with deteriorated credit quality (FASB ASC 310-30) and initially measured at fair value, which includes estimated future credit losses expected to be incurred over the life of the loans. Accordingly, allowances for credit losses related to these loans are not carried over and recorded at the acquisition date. As a result, related discounts are recognized subsequently through accretion based on the expected cash flows of the acquired loans. For purposes of applying FASB ASC 310-30, loans acquired in business combinations are aggregated into pools of loans with common risk characteristics for the initial fair value measurement. The expected cash flows of the acquired loans in excess of the fair values recorded is referred to as the accretable yield and is recognized in interest income over the remaining estimated lives of the loans. The Corporation will continually evaluate the fair value of the loans including cash flows expected to be collected.
Allowance for Loan Losses	ALLOWANCE FOR LOAN LOSSES is maintained to absorb losses inherent in the loan portfolio and is based on ongoing, quarterly assessments of the probable losses inherent in the loan portfolio. The allowance is increased by the provision for loan losses, which is charged against current operating results. Loan losses are charged against the allowance when management believes the uncollectability of a loan balance is confirmed. Subsequent recoveries, if any, are credited to the allowance. The Corporation’s strategy for credit risk management includes conservative credit policies and underwriting criteria for all loans, as well as an overall credit limit for each customer significantly below legal lending limits. The strategy also emphasizes diversification on a regional geographic, industry and customer level, regular credit quality reviews and management reviews of large credit exposures and loans experiencing deterioration of credit quality. The Corporation’s methodology for assessing the appropriateness of the allowance consists of three key elements – the determination of the appropriate reserves for specifically identified loans, probable losses estimated from historical loss rates, and probable losses resulting from economic, environmental, qualitative or other deterioration above and beyond what is reflected in the first two components of the allowance. Larger commercial loans that exhibit probable or observed credit weaknesses are subject to individual review. Where appropriate, reserves are allocated to individual loans based on management’s estimate of the borrower’s ability to repay the loan given the availability of collateral, other sources of cash flow and legal options available to the Corporation. Included in the review of individual loans are those that are impaired as provided in ASC 310. Any allowances for impaired loans are measured based on the present value of expected future cash flows discounted at the loan’s effective interest rate or fair value of the underlying collateral. The Corporation evaluates the collectability of both principal and interest when assessing the need for a loss accrual. Historical loss rates are applied to other commercial loans not subject to specific reserve allocations. The historical allocation for commercial loans graded pass are established by loan segments using loss rates based on the Corporation’s migration analysis. This migration analysis shows the loss rates for each segment of loans based on the loan grades at the beginning of the twelve month period. This loss rate is then applied to the current portfolio of loans in each respective loan segment. Homogenous loans, such as consumer installment and residential mortgage loans, are not individually risk graded. Reserves are established for each segment of loans using loss rates based on charge offs for the same period as the migration analysis used for commercial loans. Historical loss allocations for commercial and consumer loans may be adjusted for significant factors that, in management’s judgment, reflect the impact of any current conditions on loss recognition. Factors which management considers in the analysis include the effects of the national and local economies, trends in loan growth and charge-off rates, changes in mix, concentration of loans in specific industries, asset quality trends (delinquencies, charge offs and non-accrual loans), risk management and loan administration, changes in the internal lending policies and credit standards, examination results from bank regulatory agencies and the Corporation’s internal loan review.
Pension	PENSION benefits are provided to the Corporation’s employees. Its accounting policies related to pensions and other post retirement benefits reflect the guidance in ASC 715, Compensation – Retirement Benefits. The Corporation does not consolidate the assets and liabilities associated with the pension plan. Instead, the Corporation recognizes the funded status of the plan in the balance sheet. The measurement of the funded status and the annual pension expense involves actuarial and economic assumptions. Various statistical and other factors, which attempt to anticipate future events, are used in calculating the expense and liabilities related to the plans. Key factors include assumptions on the expected rates of return on plan assets, discount rates, expected rates of salary increases and health care costs and trends. The Corporation considers market conditions, including changes in investment returns and interest rates in making these assumptions. The primary assumptions used in determining the Corporation’s pension and post retirement benefit obligations and related expenses are presented in Note 21. PENSION AND OTHER POST RETIREMENT BENEFIT PLANS, in the Notes to Consolidated Financial Statements included as Item 8 of this Annual Report on Form 10-K.
Premises and Equipment	PREMISES AND EQUIPMENT is carried at cost net of accumulated depreciation. Depreciation is computed using the straight-line and declining balance methods based on the estimated useful lives of the assets ranging from three to forty years. Maintenance and repairs are expensed as incurred, while major additions and improvements, which extend the useful life, are capitalized. Gains and losses on dispositions are included in current operations.
Federal Reserve and Federal Home Loan Bank Stock	FEDERAL RESERVE AND FEDERAL HOME LOAN BANK STOCK are required investments for institutions that are members of the Federal Reserve Bank (“FRB”) and Federal Home Loan Bank systems. The required investment in the common stock is based on a predetermined formula based on the level of borrowings and other factors. These investments are carried at cost, classified as a restricted security and periodically evaluated for impairment based on ultimate recovery of par value. Both cash and stock dividends are reported as income.
Intangible Assets	INTANGIBLE ASSETS that are subject to amortization, including core deposit intangibles, are being amortized on both the straight-line and accelerated basis over three to twenty years. Intangible assets are periodically evaluated as to the recoverability of their carrying value.
Goodwill	GOODWILL is maintained by applying the provisions of ASC 350. For purchase acquisitions, the Corporation is required to record the assets acquired, including identified intangible assets, and the liabilities assumed at their fair value, which in many instances involves estimates based on third party valuations, such as appraisals, or internal valuations based on discounted cash flow analysis or other valuation techniques that may include estimates of attrition, inflation, asset growth rates or other relevant factors. In addition, the determination of the useful lives for which an intangible asset will be amortized is subjective. Under ASC 350, Intangibles – Goodwill and Other, the Corporation is required to evaluate goodwill for impairment on an annual basis, as well as on an interim basis, if events or changes indicate that the asset may be impaired, indicating that the carrying value may not be recoverable. The Corporation has historically elected to test for goodwill impairment as of October 1 of each year and has determined that no impairment exists.
Bank Owned Life Insurance	BANK OWNED LIFE INSURANCE has been purchased on certain officers of the Corporation. The Corporation records the life insurance at the amount that can be realized under the insurance contract at the balance sheet date, which is the cash surrender value adjusted for other charges or amounts due that are probable at settlement.
Other Real Estate Owned	OTHER REAL ESTATE OWNED consists of assets acquired through, or in lieu of, loan foreclosure and are held for sale. They are initially recorded at fair value less cost to sell at the date of foreclosure, establishing a new cost basis. Subsequent to foreclosure, valuations are periodically performed by management and the assets are carried at the lower of carrying amount or fair value less cost to sell. Revenue and expenses from operations and changes in the valuation are included in net income or expense from foreclosed assets. Other real estate owned also includes bank premises qualifying as held for sale. Bank premises are transferred at the lower of carrying value or fair value less cost to sell.
Derivative Instruments	DERIVATIVE INSTRUMENTS are carried at the fair value of the derivatives and reflects the estimated amounts that would have been received to terminate these contracts at the reporting date based upon pricing or valuation models applied to current market information. As part of the asset/liability management program, the Corporation will utilize, from time to time, interest rate floors, caps or swaps to reduce its sensitivity to interest rate fluctuations. These are derivative instruments, which are recorded as assets or liabilities in the consolidated balance sheets at fair value. Changes in the fair values of derivatives are reported in the consolidated statements of operations or other comprehensive income (“OCI”) depending on the use of the derivative and whether the instrument qualifies for hedge accounting. The key criterion for the hedge accounting is that the hedged relationship must be highly effective in achieving offsetting changes in those cash flows that are attributable to the hedged risk, both at inception of the hedge and on an ongoing basis. Derivatives that qualify for the hedge accounting treatment are designated as either: a hedge of the fair value of the recognized asset or liability or of an unrecognized firm commitment (a fair value hedge) or a hedge of a forecasted transaction or the variability of cash flows to be received or paid related to a recognized asset or liability (a cash flow hedge). To date, the Corporation has only entered into a cash flow hedge. For cash flow hedges, changes in the fair values of the derivative instruments are reported in OCI to the extent the hedge is effective. The gains and losses on derivative instruments that are reported in OCI are reflected in the consolidated statements of income in the periods in which the results of operations are impacted by the variability of the cash flows of the hedged item. Generally, net interest income is increased or decreased by amounts receivable or payable with respect to the derivatives, which qualify for hedge accounting. At inception of the hedge, the Corporation establishes the method it uses for assessing the effectiveness of the hedging derivative and the measurement approach for determining the ineffective aspect of the hedge. The ineffective portion of the hedge, if any, is recognized currently in the consolidated statements of operations. The Corporation excludes the time value expiration of the hedge when measuring ineffectiveness. The Corporation offers interest rate derivative products (e.g. interest rate swaps) to certain of its high-quality commercial borrowers. This product allows customers to enter into an agreement with the Corporation to swap their variable rate loan to a fixed rate. These derivative products are designed to reduce, eliminate or modify the risk of changes in the borrower’s interest rate or market price risk. The extension of credit incurred through the execution of these derivative products is subject to the same approvals and rigorous underwriting standards as the related traditional credit product. The Corporation limits its risk exposure to these products by entering into a mirror-image, offsetting swap agreement with a separate, well-capitalized and rated counterparty previously approved by the Credit and Asset Liability Committee. By using these interest rate swap arrangements, the Corporation is also better insulated from the interest rate risk associated with underwriting fixed-rate loans. These derivative contracts are not designated against specific assets or liabilities under ASC 815, Derivatives and Hedging, and, therefore, do not qualify for hedge accounting. The derivatives are recorded on the balance sheet at fair value and changes in fair value of both the customer and the offsetting swap agreements are recorded (and essentially offset) in non-interest income. The fair value of the derivative instruments incorporates a consideration of credit risk (in accordance with ASC 820), resulting in some volatility in earnings each period.
Income Tax	INCOME TAX in the consolidated statements of income includes deferred income tax provisions or benefits for all significant temporary differences in recognizing income and expenses for financial reporting and income tax purposes. The Corporation files consolidated income tax returns with its subsidiaries. The Corporation adopted the provisions of the ASC 740, Income Taxes, which prescribes a recognition threshold and measurement attribute for the financial statement recognition and measurement of a tax position taken or expected to be taken in a tax return. ASC 740 also provides guidance on derecognition, classification, interest and penalties, accounting in interim periods, disclosure and transition. As a result of the implementation of ASC 740, the Corporation did not identify any uncertain tax positions that it believes should be recognized in the financial statements. The tax years still subject to examination by taxing authorities are years subsequent to 2009.
Stock Option and Restricted Stock Award Plans	STOCK OPTION AND RESTRICTED STOCK AWARD PLANS are maintained by the Corporation. The compensation costs are recognized for stock options and restricted stock awards issued to employees and directors based on the fair value of these awards at the date of grant. A Black-Scholes model is utilized to estimate the fair value of stock options. The market price of the Corporation’s common stock at the date of grant is used for restricted stock awards. Compensation expense is recognized over the appropriate service period, which is generally two or three years.
Transfers of Financial Assets	TRANSFERS OF FINANCIAL ASSETS are accounted for as sales, when control over the assets has been surrendered. Control over transferred assets is deemed to be surrendered when (1) the assets have been isolated from the Corporation and put presumptively beyond the reach of the transferor and its creditors, even in bankruptcy or other receivership, (2) the transferee obtains the right (free of conditions that constrain it from taking advantage of that right) to pledge or exchange the transferred assets and (3) the Corporation does not maintain effective control over the transferred assets through an agreement to repurchase them before their maturity or the ability to unilaterally cause the holder to return specific assets.
Net Income Per Share	NET INCOME PER SHARE is computed by dividing net income available to common shareholders by the weighted-average number of shares of common stock outstanding. Diluted net income per share is computed by dividing net income available to common shareholders by the weighted-average number of shares of common stock outstanding, plus the dilutive effect of outstanding stock options and nonvested restricted stock.
Reclassifications	RECLASSIFICATIONS have been made to prior financial statements to conform to the current financial statement presentation. These reclassifications had no effect on net income.

Purchase and Assumption (Tables)

12 Months Ended

Dec. 31, 2013

Acquired Loans Accounted With ASC 310 30



	CFS - 2013		SCB - 2012
Contractually required payments receivable at acquisition date	$	109,839	$	31,143
Nonaccretable difference	22,679		9,688
Expected cash flows at acquisition date	87,160		21,455
Accretable difference	3,502		4,152
Basis in loans at acquisition date	$	83,658	$	17,303

SCB Bank

Assets and Liabilities of SCB Recorded at Provisional Fair Value

The assets and liabilities of SCB were recorded at the respective acquisition date provisional fair values, and identifiable intangible assets were recorded at provisional fair value.



Assets			Liabilities
Cash and due from banks ⁽¹⁾	$	29,113	Deposits:
Investment securities, available for sale	18,896		Non-interest bearing	$	13,715
Federal Home Loan Bank stock	1,761		NOW accounts	14,746
Loans:			Savings and money market	25,843
Commercial	51,042		Certificate of deposit	71,605
Residential mortgage	11,181		Total Deposits	125,909
Installment	31,570
Total Loans	93,793		Federal Home Loan Bank advances	10,286
			Other liabilities	804
Premises	1,516		Total Liabilities Assumed	$	136,999
Core deposit intangible	484
Other assets	560		Net Gain on Acquisition	$	9,124
Total Assets Purchased	$	146,123


(1)	Includes $17,200,000 cash received from the FDIC.

Acquired Loans Accounted With ASC 310 30



Preliminary estimate of contractually required principal and interest at acquisition	$	31,143
Preliminary estimate of contractual cash flows not expected to be collected (nonaccretable differences)	9,688
Preliminary estimate of expected cash flows at acquisition	21,455
Preliminary estimate of interest component of expected cash flows (accretable discount)	4,152
Preliminary estimate of fair value of acquired loans accounted for under ASC 310-30	$	17,303

Business Combination (Tables) - Merger with CFS Bancorp, Inc. (Citizens)

12 Months Ended

Dec. 31, 2013

Schedule of preliminary valuations of the fair value of assets acquired and liabilities assumed

Based on preliminary valuations of the fair value of tangible and intangible assets acquired and liabilities assumed, which are based on assumptions that are subject to change, the purchase price for the CFS acquisition was allocated as follows:



	Fair Value
Cash and cash equivalents	$	10,992
Interest-bearing time deposits	213,379
Investment securities available for sale	15,913
Investment securities held to maturity	14,372
Mortgage loans held for sale	189
Loans	603,114
Premises and equipment	19,643
Federal Home Loan Bank stock	6,188
Interest receivable	1,770
Cash surrender value of life insurance	36,555
Other real estate owned	12,857
Tax asset, deferred and receivable	30,717
Other assets	111,656
Deposits	(955,432		)
Securities sold under repurchase agreements	(9,830		)
Federal Home Loan Bank advances	(15,000		)
Interest payable	(294		)
Other liabilities	(16,033		)
Net tangible assets acquired	80,756
Core deposit intangible	7,313
Goodwill	47,573
Purchase price	$	135,642

Schedule of pro forma information from acquisition

The following schedule includes pro forma results for the periods ended December 31, 2013 and 2012 as if the CFS acquisition had occurred as of the beginning of the periods presented.



	2013		2012
Total revenue (net interest income plus other income)	$	243,972	$	266,034
Net income	$	38,637	$	50,092
Net income available to common shareholders	$	36,257	$	45,553
Earnings per share:
Basic	$	0.98	$	1.28
Diluted	$	0.98	$	1.27

Investment Securities (Tables)

12 Months Ended

Dec. 31, 2013

Investments, Debt and Equity Securities [Abstract]

Amortized Cost and Approximate Fair Values of Securities

The amortized cost, gross unrealized gains, gross unrealized losses and approximate market value of the investment securities at the dates indicated were:



	Amortized Cost		Gross Unrealized Gains		Gross Unrealized Losses		Fair Value
Available for sale at December 31, 2013
U.S. Treasury	$	15,914	$	80	$	21	$	15,973
U.S. Government-sponsored agency securities	3,550		12		17		3,545
State and municipal	231,005		3,878		3,896		230,987
U.S. Government-sponsored mortgage-backed securities	279,299		3,926		1,973		281,252
Corporate obligations	6,374				3,636		2,738
Equity securities	1,706						1,706
Total available for sale	537,848		7,896		9,543		536,201
Held to maturity at December 31, 2013
State and municipal	145,941		62		91		145,912
U.S. Government-sponsored mortgage-backed securities	413,437		5,220		3,722		414,935
Total held to maturity	559,378		5,282		3,813		560,847
Total Investment Securities	$	1,097,226	$	13,178	$	13,356	$	1,097,048

Available for sale at December 31, 2012
U.S. Government-sponsored agency securities	$	4,475	$	165			$	4,640
State and municipal	148,187		10,025		$	18	158,194
U.S. Government-sponsored mortgage-backed securities	337,631		10,994		46		348,579
Corporate obligations	6,105				5,881		224
Equity securities	1,706						1,706
Total available for sale	498,104		21,184		5,945		513,343
Held to maturity at December 31, 2012
State and municipal	117,227		5,489		1		122,715
U.S. Government-sponsored mortgage-backed securities	243,793		11,681		15		255,459
Total held to maturity	361,020		17,170		16		378,174
Total Investment Securities	$	859,124	$	38,354	$	5,961	$	891,517

Debt Securities Credit Loss Recognized in Income, and Other Losses Recorded in Other Comprehensive Income

The following table provides information about debt securities for which only a credit loss was recognized in income and other losses are recorded in other comprehensive income.



	Accumulated Credit Losses in		Accumulated Credit Losses in
	2013		2012
Credit losses on debt securities held:
Balance, January 1	$	11,355	$	11,355
Additions related to other-than-temporary losses not previously recognized
Balance, December 31	$	11,355	$	11,355

Investments' Gross Unrealized Losses and Fair Value Aggregated by Investment Category and Length of Time in Continuous Unrealized Loss Position



	Fair Value		Gross Unrealized Losses		Fair Value		Gross Unrealized Losses		Fair Value		Gross Unrealized Losses
	Less than 12 Months				12 Months or Longer				Total
Temporarily Impaired Investment
Securities at December 31, 2013
U.S. Treasury	$	4,875	$	21					$	4,875	$	21
U.S. Government-sponsored Agency securities	3,433		17						3,433		17
State and municipal	129,109		3,931		$	767	$	56	129,876		3,987
U.S. Government-sponsored mortgage-backed securities	330,914		5,163		5,323		532		336,237		5,695
Corporate obligations					2,711		3,636		2,711		3,636
Total Temporarily Impaired Investment Securities	$	468,331	$	9,132	$	8,801	$	4,224	$	477,132	$	13,356

Temporarily Impaired Investment
Securities at December 31, 2012
State and municipal	$	4,524	$	19					$	4,524	$	19
U.S. Government-sponsored mortgage-backed securities	12,320		61						12,320		61
Corporate obligations					$	194	$	5,881	194		5,881
Total Temporarily Impaired Investment Securities	$	16,844	$	80	$	194	$	5,881	$	17,038	$	5,961

Amortized Cost and Fair Value of Available for Sale Securities and Held to Maturity Securities by Contractual Maturity

Expected maturities will differ from contractual maturities because issuers may have the right to call or prepay obligations with or without call or prepayment penalties.



	Available for Sale				Held to Maturity
	Amortized Cost		Fair Value		Amortized Cost		Fair Value
Maturity Distribution at December 31, 2013
Due in one year or less	$	9,755	$	9,912	$	4,446	$	4,442
Due after one through five years	27,096		27,606		17,129		17,324
Due after five through ten years	50,169		50,739		77,012		76,860
Due after ten years	169,823		164,986		47,354		47,286
	$	256,843	$	253,243	$	145,941	$	145,912
U.S. Government-sponsored mortgage-backed securities	279,299		281,252		413,437		414,935
Equity securities	1,706		1,706
Total Investment Securities	$	537,848	$	536,201	$	559,378	$	560,847

Loans and Allowance (Tables)

12 Months Ended

Dec. 31, 2013

Composition of Loan Portfolio by Loan Class

The following table shows the composition of the Corporation’s loan portfolio by loan class for the years indicated:



	December 31, 2013			December 31, 2012

Commercial and industrial loans	$	761,705		$	622,579
Agricultural production financing and other loans to farmers	114,348			112,527
Real estate loans:
Construction	177,082			98,639
Commercial and farmland	1,611,809			1,266,682
Residential	616,385			473,537
Home Equity	255,223			203,406
Individuals' loans for household and other personal expenditures	69,783			75,748
Lease financing receivables, net of unearned income	1,545			2,590
Other loans	24,529			46,501
Loans	3,632,409			2,902,209
Allowance for loan losses	(67,870		)	(69,366		)
Net Loans	$	3,564,539		$	2,832,843

Changes in Allowance for Loan Losses

The following table summarizes changes in the allowance for loan losses by loan segment for the twelve months ended December 31, 2013, December 31, 2012 and December 31, 2011:



	Twelve Months Ended December 31, 2013
	Commercial			Commercial Real Estate			Consumer			Residential			Finance Leases			Total
Allowance for loan losses:
Balances, January 1	$	25,913		$	26,703		$	2,593		$	14,157					$	69,366
Provision for losses	2,794			340			(11		)	3,514			$	11		6,648
Recoveries on loans	4,586			3,552			556			1,292			4			9,990
Loans charged off	(6,117		)	(7,493		)	(623		)	(3,886		)	(15		)	(18,134		)
Balances, December 31, 2013	$	27,176		$	23,102		$	2,515		$	15,077					$	67,870



	Twelve Months Ended December 31, 2012
	Commercial			Commercial Real Estate			Consumer			Residential			Finance Leases			Total
Allowance for loan losses:
Balances, January 1	$	17,731		$	37,919		$	2,902		$	12,343		$	3		$	70,898
Provision for losses	14,749			(2,546		)	126			6,176			29			18,534
Recoveries on loans	1,744			3,652			695			1,113			2			7,206
Loans charged off	(8,311		)	(12,322		)	(1,130		)	(5,475		)	(34		)	(27,272		)
Balances, December 31, 2012	$	25,913		$	26,703		$	2,593		$	14,157					$	69,366



	Twelve Months Ended December 31, 2011
	Commercial			Commercial Real Estate			Consumer			Residential			Finance Leases			Total
Allowance for loan losses:
Balances, January 1	$	32,508		$	36,341		$	3,622		$	10,408		$	98		$	82,977
Provision for losses	(13,787		)	28,574			(221		)	8,166			(102		)	22,630
Recoveries on loans	8,828			2,811			942			1,176			7			13,764
Loans charged off	(9,818		)	(29,807		)	(1,441		)	(7,407		)				(48,473		)
Balances, December 31, 2011	$	17,731		$	37,919		$	2,902		$	12,343		$	3		$	70,898

Allowance for Credit Losses and Loan Portfolio by Loan Segment

The following tables show the Corporation’s allowance for credit losses and loan portfolio by loan segment for the years indicated:



	December 31, 2013
	Commercial		Commercial Real Estate		Consumer		Residential		Finance Leases		Total
Allowance Balances:
Individually evaluated for impairment	$	585	$	763			$	6			$	1,354
Collectively evaluated for impairment	26,493		22,208		$	2,515	15,071				66,287
Loans Acquired with Deteriorated Credit Quality	98		131								229
Total Allowance for Loan Losses	$	27,176	$	23,102	$	2,515	$	15,077			$	67,870
Loan Balances:
Individually evaluated for impairment	$	10,240	$	29,007			$	2,820			$	42,067
Collectively evaluated for impairment	882,794		1,690,285		$	69,783	867,094		$	1,545	3,511,501
Loans Acquired with Deteriorated Credit Quality	7,548		69,599				1,694				78,841
Loans	$	900,582	$	1,788,891	$	69,783	$	871,608	$	1,545	$	3,632,409



	December 31, 2012
	Commercial		Commercial Real Estate		Consumer		Residential		Finance Leases		Total
Allowance Balances:
Individually evaluated for impairment	$	1,628	$	2,565			$	50			$	4,243
Collectively evaluated for impairment	24,285		24,138		$	2,593	14,107				65,123
Loans Acquired with Deteriorated Credit Quality
Total Allowance for Loan Losses	$	25,913	$	26,703	$	2,593	$	14,157			$	69,366
Loan Balances:
Individually evaluated for impairment	$	14,190	$	45,394			$	8,515			$	68,099
Collectively evaluated for impairment	765,707		1,309,912		$	75,748	667,401		$	2,590	2,821,358
Loans Acquired with Deteriorated Credit Quality	1,710		10,015				1,027				12,752
Loans	$	781,607	$	1,365,321	$	75,748	$	676,943	$	2,590	$	2,902,209

Summary of Non-Accrual Loans by Loan class

The following table summarizes the Corporation’s non-accrual loans by loan class for the years indicated:



	December 31, 2013		December 31, 2012
Commercial and industrial loans	$	9,283	$	12,195
Agriculture Production financing and other loans to farmers	30
Real Estate Loans:
Construction	4,978		4,814
Commercial and farmland	28,095		22,612
Residential	12,068		11,476
Home Equity	1,667		1,997
Individuals' loans for household and other personal expenditures	117
Lease financing receivables, net of unearned income			301
Other Loans	164		4
Total	$	56,402	$	53,399

Composition of Impaired Loans by Loan Class

The following tables show the composition of only the Corporation’s commercial impaired loans by loan class for the years indicated:



	December 31, 2013
	Unpaid Principal Balance		Recorded Investment		Related Allowance		Average Recorded Investment		Interest Income Recognized
Impaired loans with no related allowance:
Commercial and industrial loans	$	35,066	$	16,371			$	19,209	$	192
Agriculture production financing and other loans to farmers	32		30				32
Real Estate Loans:
Construction	16,109		10,625				11,621		117
Commercial and farmland	128,073		83,033				84,057		1,663
Residential	6,746		3,910				4,236		75
Home equity	3,299		112				225
Other loans	454		172				181		1
Total	$	189,779	$	114,253			$	119,561	$	2,048
Impaired loans with related allowance:
Commercial and industrial loans	$	1,390	$	1,216	$	683	$	1,240	$	9
Real Estate Loans:
Construction
Commercial and farmland	4,657		4,215		894		4,291		9
Residential	74		71		6		76
Total	$	6,121	$	5,502	$	1,583	$	5,607	$	18
Total Impaired Loans	$	195,900	$	119,755	$	1,583	$	125,168	$	2,066



	December 31, 2012
	Unpaid Principal Balance		Recorded Investment		Related Allowance		Average Recorded Investment		Interest Income Recognized
Impaired loans with no related allowance:
Commercial and industrial loans	$	28,532	$	11,730			$	15,089	$	124
Real Estate Loans:
Construction	9,787		5,164				6,471		66
Commercial and farmland	58,173		43,204				46,788		1,211
Residential	8,820		6,215				7,129		83
Home equity	4,199		1,006				1,022		13
Other loans	83		14				18		1
Total	$	109,594	$	67,333			$	76,517	$	1,498
Impaired loans with related allowance:
Commercial and industrial loans	$	4,415	$	4,155	$	1,628	$	4,225	$	33
Real Estate Loans:
Construction	1,202		1,058		105		1,175
Commercial and farmland	5,579		5,182		2,460		5,239		95
Residential	1,722		1,451		50		1,458		75
Total	$	12,918	$	11,846	$	4,243	$	12,097	$	203
Total Impaired Loans	$	122,512	$	79,179	$	4,243	$	88,614	$	1,701



	December 31, 2011
	Unpaid Principal Balance		Recorded Investment		Related Allowance		Average Recorded Investment		Interest Income Recognized
Impaired loans with no related allowance:
Commercial and industrial loans	$	23,364	$	10,116			$	13,399	$	615
Real Estate Loans:
Construction	14,301		7,701				8,836
Commercial and farmland	49,242		34,571				39,032		591
Residential	7,491		6,185				6,539		20
Home equity	4,425		1,241				1,500		15
Other loans	99		21				24
Total	$	98,922	$	59,835			$	69,330	$	1,241
Impaired loans with related allowance:
Commercial and industrial loans	$	8,691	$	8,104	$	4,142	$	8,196	$	174
Real Estate Loans:
Construction	961		961		321		961
Commercial and farmland	12,115		8,748		2,183		10,028		140
Residential	1,888		1,575		391		1,687		7
Other loans	579		552		559		590
Total	$	24,234	$	19,940	$	7,596	$	21,462	$	321
Total Impaired Loans	$	123,156	$	79,775	$	7,596	$	90,792	$	1,562

Credit Quality of Loan Portfolio by Loan Class



	December 31, 2013
	Commercial Pass		Commercial Special Mention		Commercial Substandard		Commercial Doubtful		Commercial Loss	Consumer Performing		Consumer Non Performing		Total
Commercial and Industrial loans	$	708,835	$	11,332	$	41,013	$	525						$	761,705
Agriculture production financing and other loans to farmers	114,318				30									114,348
Real Estate Loans:
Construction	162,976		1,132		12,029							$	945	177,082
Commercial and farmland	1,473,714		57,676		80,184							235		1,611,809
Residential	143,657		2,232		11,494		136			$	448,494	10,372		616,385
Home Equity	6,194		35		1,184					246,101		1,709		255,223
Individuals' loans for household and other personal expenditures										69,666		117		69,783
Lease financing receivables, net of unearned income	1,420				125									1,545
Other Loans	24,334				195									24,529
Loans	$	2,635,448	$	72,407	$	146,254	$	661		$	764,261	$	13,378	$	3,632,409



	December 31, 2012
	Commercial Pass		Commercial Special Mention		Commercial Substandard		Commercial Doubtful		Commercial Loss	Consumer Performing		Consumer Non Performing		Total
Commercial and Industrial loans	$	559,852	$	23,678	$	34,460	$	4,589						$	622,579
Agriculture production financing and other loans to farmers	112,209		224		94									112,527
Real Estate Loans:
Construction	85,728		1,384		11,356							$	171	98,639
Commercial and farmland	1,148,561		38,199		79,078		553					291		1,266,682
Residential	145,402		5,437		13,880		922			$	301,614	6,282		473,537
Home Equity	9,092		893		1,657					189,721		2,043		203,406
Individuals' loans for household and other personal expenditures										75,748				75,748
Lease financing receivables, net of unearned income										2,289		301		2,590
Other Loans	46,473				28									46,501
Loans	$	2,107,317	$	69,815	$	140,553	$	6,064		$	569,372	$	9,088	$	2,902,209

Past Due Aging of Loan Portfolio by Loan Class

The following tables show a past due aging of the Corporation’s loan portfolio, by loan class, for the years indicated:



	December 31, 2013
	Current		30-59 Days Past Due		60-89 Days Past Due		Loans > 90 Days And Accruing		Non-Accrual		Total Past Due & Non-Accrual		Total
Commercial and industrial loans	$	749,020	$	2,628	$	774			$	9,283	$	12,685	$	761,705
Agriculture production financing and other loans to farmers	114,305		13						30		43		114,348
Real Estate Loans:
Construction	171,046		1,058						4,978		6,036		177,082
Commercial and farmland	1,573,403		3,807		5,801		$	703	28,095		38,406		1,611,809
Residential	595,192		7,156		1,475		494		12,068		21,193		616,385
Home equity	251,188		1,652		563		153		1,667		4,035		255,223
Individuals' loans for household and other personal expenditures	69,061		550		55				117		722		69,783
Lease financing receivables, net of unearned income	1,545												1,545
Other loans	24,365								164		164		24,529
Loans	$	3,549,125	$	16,864	$	8,668	$	1,350	$	56,402	$	83,284	$	3,632,409



	December 31, 2012
	Current		30-59 Days Past Due		60-89 Days Past Due		Loans > 90 Days And Accruing		Non-Accrual		Total Past Due & Non-Accrual		Total
Commercial and industrial loans	$	607,442	$	2,628	$	144	$	170	$	12,195	$	15,137	$	622,579
Agriculture production financing and other loans to farmers	112,527												112,527
Real Estate Loans:
Construction	93,426		399						4,814		5,213		98,639
Commercial and farmland	1,238,907		3,276		1,822		65		22,612		27,775		1,266,682
Residential	453,743		5,734		1,338		1,246		11,476		19,794		473,537
Home equity	199,063		1,467		323		556		1,997		4,343		203,406
Individuals' loans for household and other personal expenditures	74,919		799		30						829		75,748
Lease financing receivables, net of unearned income	2,289								301		301		2,590
Other loans	46,497								4		4		46,501
Loans	$	2,828,813	$	14,303	$	3,657	$	2,037	$	53,399	$	73,396	$	2,902,209

Summary of Troubled Debt Restructurings

The following tables summarize troubled debt restructurings that occurred during the periods ended December 31, 2013 and December 31, 2012:



	December 31, 2013
	Pre-Modification Recorded Balance		Post-Modification Recorded Balance		Number of Loans
Commercial and industrial loans	$	295	$	316	5
Real Estate Loans:
Commercial and farmland	6,506		5,492		11
Residential	809		804		12
Individuals' loans for household and other personal expenditures	143		145		4
Total	$	7,753	$	6,757	32



	December 31, 2012
	Pre-Modification Recorded Balance		Post-Modification Recorded Balance		Number of Loans
Commercial and industrial loans	$	1,562	$	1,547	9
Real Estate Loans:
Construction	794		653		2
Commercial and farmland	10,366		10,154		14
Residential	2,302		2,172		20
Individuals' loans for household and other personal expenditures	170		197		5
Total	$	15,194	$	14,723	50

Schedule of Troubled Debt Restructurings by Modification Type

The following tables show the recorded investment of troubled debt restructurings, by modification type, that occurred during the years indicated:



	December 31, 2013
	Term Modification		Rate Modification		Combination		Total Modification
Commercial and industrial loans	$	207			$	60	$	267
Real Estate Loans:
Commercial and farmland	1,388				1,985		3,373
Residential	167		$	237	351		755
Individuals' loans for household and other personal expenditures	61		38		25		124
Total	$	1,823	$	275	$	2,421	$	4,519



	December 31, 2012
	Term Modification		Rate Modification		Combination		Total Modification
Commercial and industrial loans	$	259			$	1,029	$	1,288
Real Estate Loans:
Construction					625		625
Commercial and farmland	6,668		$	903	381		7,952
Residential	525		380		995		1,900
Individuals' loans for household and other personal expenditures			7		183		190
Total	$	7,452	$	1,290	$	3,213	$	11,955

Summary of Troubled Debt Restructurings and Subsequent Defaults

The following tables summarize troubled debt restructures that occurred during the twelve months ended December 31, 2013 and December 31, 2012, that subsequently defaulted during those periods:



	Twelve Months Ended December 31, 2013
	Number of Loans	Recorded Balance
Commercial and industrial loans	3	$	173
Real Estate Loans:
Commercial and farmland	2	1,034
Total	5	$	1,207



	Twelve Months Ended December 31, 2012
	Number of Loans	Recorded Balance
Commercial and industrial loans	1	$	23
Real Estate Loans:
Commercial and farmland	2	212
Residential	4	385
Total	7	$	620

Accounting For Certain Loans Acquired In a Purchase (Tables)

12 Months Ended

Dec. 31, 2013

Schedule of Carrying Values of Certain Loans Acquired in Transfer Not Accounted for as Debt Securities

The following table includes the outstanding balance and carrying amount of these loans, which are included in the balance sheet amounts of loans receivable at December 31, 2013 and December 31, 2012.



	December 31, 2013						December 31, 2012
	CFS		SCB		Total		SCB
Commercial and industrial loans	$	81,303	$	8,184	$	89,487	$	12,645
Agricultural production financing and other loans to farmers			1,161		1,161		1,179
Real estate loans:
Construction	17,962				17,962		65
Commercial and farmland	311,631		23,418		335,049		30,303
Residential	166,754		9,359		176,113		13,724
Home Equity	49,042		18,236		67,278		21,544
Individuals' loans for household and other personal expenditures	2,360		269		2,629		705
Other Loans	132		407		539
Total	$	629,184	$	61,034	$	690,218	$	80,165

Carrying Amount	$	585,913	$	50,269	$	636,182	$	65,600
Allowance			229		229
Carrying Amount Net of Allowance	$	585,913	$	50,040	$	635,953	$	65,600

Schedule of Certain Loans Acquired in Transfer Not Accounted for as Debt Securities, Accretable Yield Movement

Accretable yield, or income expected to be collected, is as follows:



	Twelve Months Ended December 31, 2013									Twelve Months Ended December 31, 2012
	CFS			SCB			Total			SCB
Beginning balance				$	5,142		$	5,142
Additions	$	13,599					13,599			$	9,774
Accretion	(164		)	(2,071		)	(2,235		)	(4,632		)
Reclassification from nonaccretable				2,888			2,888
Disposals				(95		)	(95		)
Ending balance	$	13,435		$	5,864		$	19,299		$	5,142

Schedule Of Loans Acquired During Period For Which Contractually Required Payments Would Not Be Collected



	CFS - 2013		SCB - 2012
Contractually required payments receivable at acquisition date	$	109,839	$	31,143
Nonaccretable difference	22,679		9,688
Expected cash flows at acquisition date	87,160		21,455
Accretable difference	3,502		4,152
Basis in loans at acquisition date	$	83,658	$	17,303

Premises and Equipment (Tables)

12 Months Ended

Dec. 31, 2013

Property, Plant and Equipment [Abstract]

Schedule of Premises and Equipment

The following table summarizes the Corporation's premises and equipment as of December 31, 2013 and 2012:



	2013			2012
Cost at December 31:
Land	$	17,992		$	14,692
Buildings and Leasehold Improvements	92,693			62,606
Equipment	54,274			42,564
Total Cost	164,959			119,862
Accumulated Depreciation and Amortization	(90,505		)	(67,113		)
Net	$	74,454		$	52,749

Schedule of Future Minimum Rental Payments for Operating Leases

The future minimum rental commitments required under the operating leases in effect at December 31, 2013, expiring at various dates through the year 2028 are as follows for the years ending December 31:



	Future Minimum Rental Commitments
2014	$	2,804
2015	2,551
2016	2,067
2017	1,356
2018	749
After 2018	3,158
Total Future Minimum Obligations	$	12,685

Goodwill (Tables)

12 Months Ended

Dec. 31, 2013

Goodwill Disclosure [Abstract]

Schedule of Goodwill



	2013		2012
Balance, January 1	$	141,375	$	141,357
Goodwill acquired	47,573		18
Balance, December 31	$	188,948	$	141,375

Core Deposit and Other Intangibles (Tables)

12 Months Ended

Dec. 31, 2013

Intangible Assets, Net (Excluding Goodwill) [Abstract]

Schedule of Core Deposit and Other Intangibles

The carrying basis and accumulated amortization of recognized core deposit and other intangibles are noted below.



	2013			2012
Gross carrying amount	$	46,389		$	45,422
Core deposit intangible and other intangibles acquired	7,313			967
Accumulated amortization	(39,884		)	(38,235		)
Core Deposit and Other Intangibles	$	13,818		$	8,154

Schedule of Estimated Amortization Expense

Estimated amortization expense for each of the following five years is:



	Amortization Expense
2014	$	2,367
2015	2,351
2016	2,294
2017	2,211
2018	1,044
After 2018	3,551
Total Future Minimum Obligations	$	13,818

Deposits (Tables)

12 Months Ended

Dec. 31, 2013

Schedule of Deposit Contractual Maturities, Excluding Demand and Savings

Schedule Of Deposits

The composition of the deposit portfolio is included in the table below for the years indicated:



	December 31, 2013		December 31, 2012
Demand Deposits	$	2,018,650	$	1,646,756
Savings Deposits	1,257,994		831,952
Certificates and Other Time Deposits of $100,000 or more	272,660		236,470
Other Certificates and Time Deposits	595,110		502,927
Brokered Deposits	87,054		128,278
Total Deposits	$	4,231,468	$	3,346,383

At December 31, 2013, the contractual maturities of time deposits are summarized as follows:



	Certificates and Other Time Deposits
2014	$	597,612
2015	163,985
2016	101,132
2017	48,244
2018	24,005
After 2018	19,846
	$	954,824

Borrowings (Tables)

12 Months Ended

Dec. 31, 2013

Debt Disclosure [Abstract]

Schedule of Debt

The following table summarizes the Corporation's borrowings as of December 31, 2013 and 2012:



	December 31, 2013		December 31, 2012
Federal Funds Purchased	$	125,645	$	18,862
Securities Sold Under Repurchase Agreements	148,672		141,828
Federal Home Loan Bank Advances	122,140		94,238
Subordinated Debentures and Term Loans	126,807		112,161
Total Borrowings	$	523,264	$	367,089

Schedule of Maturities of Long-term Debt

Maturities of securities sold under repurchase agreements; Federal Home Loan Bank Advances, subordinated debentures and term loans as of December 31, 2013, are as follows:



Maturities in Years Ending December 31:	Securities Sold Under Repurchase Agreements		Federal Home Loan Bank Advances		Subordinated Debentures and Term Loans
2014	$	148,672	$	26,437	$	105
2015			30,886
2016			28,833
2017			2,629
2018			13,252
After 2018			20,103		126,702
	$	148,672	$	122,140	$	126,807

Derivative Instruments and Hedging Activities (Tables)

12 Months Ended

Dec. 31, 2013

Derivative Instruments and Hedging Activities Disclosure [Abstract]

Fair Value of Derivative Financial Instruments and Their Classification on Balance Sheet

The table below presents the fair value of the Corporation’s derivative financial instruments as well as their classification on the Balance Sheet as of December 31, 2013 and December 31, 2012.

Asset Derivatives

Liability Derivatives

December 31, 2013

December 31, 2012

December 31, 2013

December 31, 2012

Balance Sheet Location

Fair
Value

Balance Sheet Location

Fair
Value

Balance Sheet Location

Fair
Value

Balance Sheet Location

Fair
Value

Derivatives designated as hedging instruments:

Interest rate contracts

Other Assets

1,162

Other Assets

197

Other Liabilities

1,021

Other Liabilities

3,332

Derivatives not designated as hedging instruments:

Interest rate contracts

Other Assets

2,847

Other Assets

6,103

Other Liabilities

2,932

Other Liabilities

6,434

Effect of Derivative Financial Instruments on Income Statement

The tables below present the effect of the Corporation’s derivative financial instruments on the Income Statement for the years ended December 31, 2013, 2012 and 2011.



Derivatives Not Designated as Hedging Instruments under FASB ASC 815-10	Location of Gain (Loss) Recognized in Income on Derivative	Amount of Gain (Loss) Recognized in Income on Derivative for the Year Ended December 31, 2013	Amount of Gain (Loss) Recognized in Income on Derivative for the Year Ended December 31, 2012	Amount of Gain (Loss) Recognized in Income on Derivative for the Year Ended December 31, 2011
Interest Rate Contracts	Other income	$247	$(79)	$(94)



Derivatives in Cash Flow Hedging Relationships	Amount of Gain (Loss) Recognized in Other Comprehensive Income on Derivative (Effective Portion) For the Year Ended		Location of Loss Reclassified from Accumulated Other Comprehensive Income (Effective Portion)	Amount of Loss Reclassified from Other Comprehensive Income into Income (Effective Portion) For the Year Ended
Derivatives in Cash Flow Hedging Relationships	2013	2012		2013	2012
Interest Rate Products	$2,374	$(1,466)	Interest Expense	$(935)	$(217)

Fair Values of Financial Instruments (Tables)

12 Months Ended

Dec. 31, 2013

Fair Value Disclosures [Abstract]

Fair Value Measurements of Assets and Liabilities Recognized in Consolidated Condensed Balance Sheets Measured at Fair Value



			Fair Value Measurements Using:
			Quoted Prices in Active Markets for Identical Assets	Significant Other Observable Inputs		Significant Unobservable Inputs
December 31, 2013	Fair Value		(Level 1)	(Level 2)		(Level 3)
U.S. Treasury	$	15,973		$	15,973
U.S. Government-sponsored agency securities	3,545			3,545
State and municipal	230,987			223,752		$	7,235
U.S. Government-sponsored mortgage-backed securities	281,252			281,252
Corporate obligations	2,738					2,738
Equity securities	1,706			1,702		4
Interest rate swap asset	3,619			3,619
Interest rate cap	390			390
Interest rate swap liability	3,953			3,953



			Fair Value Measurements Using:
			Quoted Prices in Active Markets for Identical Assets	Significant Other Observable Inputs		Significant Unobservable Inputs
December 31, 2012	Fair Value		(Level 1)	(Level 2)		(Level 3)
U.S. Government-sponsored agency securities	$	4,640		$	4,640
State and municipal	158,194			140,094		$	18,100
U.S. Government-sponsored mortgage-backed securities	348,579			348,579
Corporate obligations	224					224
Equity securities	1,706			1,702		4
Interest rate swap asset	6,103			6,103
Interest rate cap	197			197
Interest rate swap liability	9,766			9,766

Reconciliation of Beginning and Ending Balances of Recurring Fair Value Measurements Recognized in Consolidated Condensed Balance Sheets using Significant Unobservable Level 3 Inputs



	Year Ended December 31, 2013
	Available for Sale Securities
Beginning Balance	$	18,328
Total realized and unrealized gains and losses
Included in net income
Included in other comprehensive income	1,330
Purchases, issuances, and settlements	7,590
Transfers in/(out) of Level 3	(16,434		)
Principal payments	(837		)
Ending balance	$	9,977



	Year Ended December 31, 2012
	Available for Sale Securities			Interest Rate Swap Asset			Interest Rate Cap			Interest Rate Swap Liability
Beginning Balance	$	20,838		$	5,241		$	424		$	7,797
Total realized and unrealized gains and losses
Included in net income				(860		)				(863		)
Included in other comprehensive income	(1,141		)	481			(15		)
Purchases, issuances, and settlements
Transfers in/(out) of Level 3				(4,862		)	(409		)	(6,934		)
Principal payments	(1,369		)
Ending balance	$	18,328

Transfer Between Levels 1, 2 and 3 and Reasons For Transfers

TRANSFERS BETWEEN LEVELS



	Quoted Prices in Active Markets for Identical Assets	Significant Other Observable Inputs			Significant Unobservable Inputs
December 31, 2013	(Level 1)	(Level 2)			(Level 3)			Reason for Transfer
Transfers to/(from) Level:
Available for sale securities		$	(350	)	$	350		Selected state and municipal securities were transferred from Level 2 to Level 3 due to limited availability of similar securities in active markets
Available for sale securities transferred to held to maturity					$	(16,784	)	Selected state and municipal securities were transferred from available for sale to held to maturity. These securities are valued at amortized cost and are no longer classified within the fair value hierarchy.



	Quoted Prices in Active Markets for Identical Assets	Significant Other Observable Inputs		Significant Unobservable Inputs
December 31, 2012	(Level 1)	(Level 2)		(Level 3)			Reason for Transfer
Transfers to/(from) Level:							The interest rate swap and cap instruments were transferred from Level 3 to Level 2 as of March 31, 2012 due to the availability of additional valuation information. These instruments are valued using widely accepted valuation techniques including discounted cash flow analysis using observable inputs such as contractual terms and LIBOR-based rate curves.
Interest rate swap asset		$	4,862	$	(4,862	)
Interest rate cap		$	409	$	(409	)
Interest rate swap liability		$	6,934	$	(6,934	)

Description of Valuation Methodologies Used for Instruments Measured at Fair Value on a Non-Recurring Basis and Recognized in Consolidated Condensed Balance Sheets



			Fair Value Measurements Using
			Quoted Prices in Active Markets for Identical Assets	Significant Other Observable Inputs	Significant Unobservable Inputs
December 31, 2013	Fair Value		(Level 1)	(Level 2)	(Level 3)
Impaired Loans (collateral dependent)	$	12,117			$	12,117
Other real estate owned	$	6,877			$	6,877



			Fair Value Measurements Using
			Quoted Prices in Active Markets for Identical Assets	Significant Other Observable Inputs	Significant Unobservable Inputs
December 31, 2012	Fair Value		(Level 1)	(Level 2)	(Level 3)
Impaired Loans (collateral dependent)	$	17,703			$	17,703
Other real estate owned	$	7,684			$	7,684

Unobservable Inputs Used in Recurring and Nonrecurring Level 3 Fair Value Measurements Other Than Goodwill

The following table presents quantitative information about unobservable inputs used in recurring and nonrecurring Level 3 fair value measurements, other than goodwill, at December 31, 2013 .



	Fair Value		Valuation Technique	Unobservable Inputs	Range (Weighted-Average)
State and municipal securities	$	7,235	Discounted cash flow	Maturity Call Date US Muni BQ curve Discount rate	1 month to 15 years BBB- 1% - 5%

Corporate obligations/Equity securities	$	2,742	Discounted cash flow	Risk free rate plus Premium for illiquidity	3 month LIBOR plus 200 bps

Impaired loans (collateral dependent)	$	12,117	Collateral based measurements	Discount to reflect current market conditions and ultimate collectability	0% - 50% (3%)

Other real estate owned	$	6,877	Appraisals	Discount to reflect current market conditions	0% - 20% (2%)

Estimated Fair Values of Financial Instruments



	2013
	Carrying Amount		Quoted Prices in Active Markets for Identical Assets (Level 1)		Significant Other Observable Inputs (Level 2)		Significant Unobservable Inputs (Level 3)
Assets at December 31:
Cash and cash equivalents	$	109,434	$	109,434
Interest-bearing time deposits	55,069		55,069
Investment securities available for sale	536,201				$	526,224	$	9,977
Investment securities held to maturity	559,378				525,998		34,849
Mortgage loans held for sale	5,331				5,331
Loans	3,564,539						3,506,615
FRB and FHLB stock	38,990				38,990
Interest rate swap asset	4,009				4,009
Interest receivable	18,672				18,672
Liabilities at December 31:
Deposits	$	4,231,468	$	3,082,117	$	934,937
Borrowings:
Federal funds purchased	125,645				125,645
Securities sold under repurchase agreements	148,672				148,852
FHLB Advances	122,140				122,962
Subordinated debentures and term loans	126,807				82,607
Interest rate swap liability	3,953				3,953
Interest payable	1,771				1,771



	2012
	Carrying Amount		Quoted Prices in Active Markets for Identical Assets (Level 1)		Significant Other Observable Inputs (Level 2)		Significant Unobservable Inputs (Level 3)
Assets at December 31:
Cash and cash equivalents	$	101,460	$	101,460
Interest-bearing time deposits	38,443		38,443
Investment securities available for sale	513,343				$	495,015	$	18,328
Investment securities held to maturity	361,020				366,590		11,584
Mortgage loans held for sale	22,300				22,300
Loans	2,832,843						2,852,614
FRB and FHLB stock	32,785				32,785
Interest rate swap asset	6,300				6,300
Interest receivable	16,367				16,367
Liabilities at December 31:
Deposits	$	3,346,383	$	2,478,706	$	865,793
Borrowings:
Federal funds purchased	18,862				18,862
Securities sold under repurchase agreements	141,828				142,318
FHLB Advances	94,238				97,357
Subordinated debentures and term loans	112,161				62,133
Interest rate swap liability	9,766				9,766
Interest payable	1,841				1,841

Commitments and Contingent Liabilities (Tables)

12 Months Ended

Dec. 31, 2013

Commitments and Contingencies Disclosure [Abstract]

Schedule of Fair Value, Off-balance Sheet Risks

Financial instruments, whose contract amount represents credit risk as of December 31, were as follows:



	2013		2012
Amounts of commitments:
Loan commitments to extend credit	$	1,216,470	$	873,455
Standby letters of credit	$	41,508	$	21,734

Accumulated Other Comprehensive Income (Loss) (Tables)

12 Months Ended

Dec. 31, 2013

Equity [Abstract]

Schedule of Accumulated Other Comprehensive Income (Loss)

The following table summarizes the changes in the balances of each component of accumulated other comprehensive income (loss), net of tax, as of December 31, 2013 and 2012:



	Accumulated Other Comprehensive Income (Loss)
	Unrealized Gains (Losses) on Securities Available for Sale			Unrealized Gains (Losses) on Securities Available for Sale for which a Portion of Other-Than-Temporary Impairment has been Recognized in Income			Unrealized Gains (Losses) on Cash Flow Hedges			Unrealized Gains (Losses) on Defined Benefit Plans			Total
Balance at December 31, 2012	$	17,904		$	(3,272	)	$	(2,652	)	$	(17,479	)	$	(5,499	)
Other comprehensive income before reclassifications	(16,021		)	1,425			1,543			10,704			(2,349		)
Amounts reclassified from accumulated other comprehensive income	(317		)				608			1,147			1,438
Period change	(16,338		)	1,425			2,151			11,851			(911		)
Balance at December 31, 2013	$	1,566		$	(1,847	)	$	(501	)	$	(5,628	)	$	(6,410	)


Balance at December 31, 2011	$	18,244		$	(3,168	)	$	(1,841	)	$	(16,837	)	$	(3,602	)
Other comprehensive income before reclassifications	1,214			(104		)	(952		)	(577		)	(419		)
Amounts reclassified from accumulated other comprehensive income	(1,554		)				141			(65		)	(1,478		)
Period change	(340		)	(104		)	(811		)	(642		)	(1,897		)
Balance at December 31, 2012	$	17,904		$	(3,272	)	$	(2,652	)	$	(17,479	)	$	(5,499	)

Reclassification out of Accumulated Other Comprehensive Income (Loss)



	Amount Reclassified from Accumulated Other Comprehensive Income (Loss) For the Year Ended December 31,
Details about Accumulated Other Comprehensive Income (Loss) Components	2013			2012			2011			Affected Line Item in the Statements of Income
Unrealized gains (losses) on available for sale securities (1)
Realized securities gains reclassified into income	$	487		$	2,389		$	2,439		Other income - net realized gains on sales of available for sale securities
Related income tax expense	(170		)	(835		)	(854		)	Income tax expense
	$	317		$	1,554		$	1,585

Unrealized gains (losses) on cash flow hedges (2)
Interest rate contracts	$	(935	)	$	(217	)				Interest expense - subordinated debentures and term loans
Related income tax benefit	327			76						Income tax expense
	$	(608	)	$	(141	)

Unrealized gains (losses) on defined benefit plans
Amortization of net loss and prior service costs	$	(1,765	)	$	100		$	252		Other expenses - salaries and employee benefits
Related income tax benefit (expense)	618			(35		)	(88		)	Income tax expense
	$	(1,147	)	$	65		$	164

Total reclassifications for the period, net of tax	$	(1,438	)	$	1,478		1,749

Regulatory Capital (Tables)

12 Months Ended

Dec. 31, 2013

Schedule of Compliance with Regulatory Capital Requirements under Banking Regulations

Actual and required capital amounts and ratios are listed below.



	2013								2012
					Required For								Required For
	Actual				Adequate Capital				Actual				Adequate Capital
December 31,	Amount		Ratio		Amount		Ratio		Amount		Ratio		Amount		Ratio
Total Capital (to Risk-weighted Assets)
First Merchants Corporation	$	599,966	14.54	%	$	330,107	8.00	%	$	526,792	16.34	%	$	257,927	8.00	%
First Merchants Bank	599,272		14.56		329,344		8.00		515,337		16.01		257,446		8.00
Tier I Capital (to Risk-weighted Assets)
First Merchants Corporation	$	483,186	11.71	%	$	165,053	4.00	%	$	456,132	14.15	%	$	128,964	4.00	%
First Merchants Bank	547,655		13.30		164,672		4.00		474,782		14.75		128,723		4.00
Tier I Capital (to Average Assets)
First Merchants Corporation	$	483,186	10.20	%	$	189,485	4.00	%	$	456,132	11.03	%	$	165,460	4.00	%
First Merchants Bank	547,655		11.58		189,095		4.00		474,782		11.50		165,124		4.00

Share-Based Compensation (Tables)

12 Months Ended

Dec. 31, 2013

Disclosure of Compensation Related Costs, Share-based Payments [Abstract]

Assumptions Used In 2012 Black Scholes Model



	2013			2012			2011
Risk-free interest rate	1.25	%		1.36	%		2.74	%
Expected price volatility	45.68	%		46.22	%		45.43	%
Dividend yield	2.96	%		3.29	%		3.65	%
Forfeiture rate	4.73	%		4.77	%		5.00	%
Weighted-average expected life, until exercise	7.27		years	7.20		years	6.91		years

Components of Share Based Compensation Awards

The following table summarizes the components of the Corporation's share-based compensation awards recorded as expense:



	Year Ended December 31,			Year Ended December 31,			Year Ended December 31,
	2013			2012			2011
Stock and ESPP Options
Pre-tax compensation expense	$	253		$	284		$	237
Income tax benefit	(16		)	(23		)	(21		)
Stock and ESPP option expense, net of income taxes	$	237		$	261		$	216
Restricted Stock Awards
Pre-tax compensation expense	$	1,520		$	1,208		$	1,078
Income tax benefit	(531		)	(428		)	(371		)
Restricted stock awards expense, net of income taxes	$	989		$	780		$	707
Total Share-Based Compensation:
Pre-tax compensation expense	$	1,773		$	1,492		$	1,315
Income tax benefit	(547		)	(451		)	(392		)
Total share-based compensation expense, net of income taxes	$	1,226		$	1,041		$	923

Stock Option Activity Under Stock Option Plans

Stock option activity under the Corporation's stock option plans, as of December 31, 2013, and changes during the year ended December 31, 2013, were as follows:



	Number of Shares		Weighted-Average Exercise Price		Weighted Average Remaining Contractual Term (in Years)	Aggregate Intrinsic Value
Outstanding at January 1, 2013	906,636		$	21.58
Granted	184,269		$	16.50
Exercised	(13,750	)	$	7.77
Canceled	(118,369	)	$	23.42
Outstanding December 31, 2013	958,786		$	21.32	3.28	3,064,900
Vested and Expected to Vest at December 31, 2013	958,786		$	21.32	3.28	3,064,900
Exercisable at December 31, 2013	907,986		$	21.74	2.98	2,603,971

Unvested RSAs Outstanding

The following table summarizes information on unvested RSAs outstanding as of December 31, 2013:



	Number of Shares		Weighted-Average Grant Date Fair Value
Unvested RSAs at January 1, 2013	401,375		$	9.29
Granted	146,639		$	16.35
Forfeited	(2,025	)	$	11.73
Vested	(116,987	)	$	6.27
Unvested RSAs at December 31, 2013	429,002		$	12.51

Pension and Other Post Retirement Benefit Plans (Tables)

12 Months Ended

Dec. 31, 2013

Compensation and Retirement Disclosure [Abstract]

Schedule of Changes in Benefit Obligation, Changes in Plan Assets and the Funded Status of the Pension Plan and Other Post Retirement Benefit Plans

The table below sets forth the plans’ funded status and amounts recognized in the consolidated balance sheet at December 31, using measurement dates of December 31, 2013 and December 31, 2012.



	2013			2012
Change in benefit obligation
Benefit obligation at beginning of year	$	69,166		$	68,769
Service Cost	131			161
Interest Cost	2,670			2,990
Actuarial Loss (Gain)	(5,597		)	3,168
Benefits paid	(4,100		)	(5,922		)
Benefit obligation at end of year	62,270			69,166
Change in plan assets
Fair value of plan assets at beginning of year	62,865			62,078
Actual return on plan assets	10,610			6,141
Employer contributions	496			568
Benefits Paid	(4,100		)	(5,922		)
End of Year	69,871			62,865
Funded Status at End of Year	$	7,601		$	(6,301	)
Assets and Liabilities Recognized in the Balance Sheets:
Deferred Tax Asset	$	4,266		$	9,200
Assets	$	12,383
Liabilities	$	4,782		$	6,301
Amounts Recognized in Accumulated Other Comprehensive Income Not Yet Recognized as Components of Net Periodic Benefit Cost Consist of:
Accumulated Loss	$	(7,922	)	$	(17,085	)
Prior Service Credit	(28		)	(41		)
	$	(7,950	)	$	(17,126	)

Schedule of Accumulated Benefit Obligations in Excess of Fair Value of Plan Assets

Information for pension plans with an accumulated benefit obligation in excess of plan assets is included in the table below.



	December 31, 2013		December 31, 2012
Projected Benefit Obligation	$	4,782	$	69,166
Accumulated Benefit Obligation	$	4,782	$	69,139
Fair Value of Plan Assets			$	62,865

Schedule of Net Periodic Pension Costs

The following table shows the components of net periodic pension costs:



	December 31, 2013			December 31, 2012
Service Cost	$	131		$	161
Interest Cost	2,670			2,990
Expected Return on Plan Assets	(4,265		)	(4,216		)
Amortization of Prior Service Costs	25			25
Amortization of Net Loss	2,131			2,207
Net Periodic Pension Cost	$	692		$	1,167

Schedule of Plan Assets and Benefit Obligations Recognized in Other Comprehensive Income, Net of Tax

Other changes in plan assets and benefit obligations recognized in other comprehensive income:



	December 31, 2013			December 31, 2012
Net Periodic Pension Cost	$	692		$	1,167
Net gain (loss)	(11,942		)	1,242
Actuarial gain (loss)	(2,131		)	(2,207		)
Amortization of prior service (cost) credit	(25		)	(25		)
Total Recognized in Other Comprehensive Income	(14,098		)	(990		)
Total Recognized in NPPC and OCI	$	(13,406	)	$	177

Schedule of Amounts in Accumulated Other Comprehensive Income (Loss) to be Recognized over Next Fiscal Year



	December 31, 2013			December 31, 2012
Amortization of Net Loss	$	(533	)	$	(2,158	)
Amortization of Prior Service Cost	(25		)	(25		)
Total	$	(558	)	$	(2,183	)

Schedule of Assumptions Used

Significant assumptions include:



	December 31, 2013		December 31, 2012
Weighted-average Assumptions Used to Determine Benefit Obligation:
Discount Rate	4.80	%	4.00	%
Rate of Compensation Increase for accruing active participants	3.00	%	3.00	%
Weighted-average Assumptions Used to Determine Benefit Cost:
Discount Rate	4.00	%	4.50	%
Expected Return on Plan Assets	7.00	%	7.00	%
Rate of Compensation Increase for accruing active participants	3.00	%	4.00	%

Schedule of Expected Benefit Payments

The minimum contribution required in 2014 will likely be zero but the Corporation may decide to make a discretionary contribution during the year.



2014	$	4,195
2015	4,318
2016	4,317
2017	4,219
2018	4,241
After 2018	21,458
	$	42,748

Schedule of Allocation of Plan Assets

There are no assets classified within Level 3 of the hierarchy at December 31, 2013.



			Fair Value Measurements Using
			Quoted Prices in Active Markets for Identical Assets		Significant Other Observable Inputs		Significant Unobservable Inputs
December 31, 2013	Fair Value		(Level 1)		(Level 2)		(Level 3)
Cash & Cash Equivalents	$	1,864	$	1,864
Corporate Bonds and Notes	6,076		6,076
Government Agency and Municipal Bonds and Notes	8,263				$	8,263
Certificates of Deposit	607				607
Party-in-Interest Investments
Common Stock	1,375		1,375
Common Bond Fund	5,318				5,318
Common Equity Fund	4,507				4,507
Mutual Funds
Taxable Bond	3,901		3,901
Large Cap Equity	20,617		20,617
Mid Cap Equity	8,721		8,721
Small Cap Equity	3,584		3,584
International Equity	3,727		3,727
Specialty Alternative Equity	1,311		1,311
	$	69,871	$	51,176	$	18,695	$	—

Plan assets are re-balanced quarterly. At December 31, 2013 and 2012, plan assets by category are as follows:



	December 31, 2013				December 31, 2012
	Actual		Target		Actual		Target
Cash and cash equivalents	2.7	%	2.0	%	1.3	%	3.0	%
Equity securities	62.2		60.0		53.7		51.0
Debt securities	33.2		36.0		43.0		44.0
Alternative investments	1.9		2.0		2.0		2.0
	100.0	%	100.0	%	100.0	%	100.0	%

Income Tax (Tables)

12 Months Ended

Dec. 31, 2013

Income Tax Disclosure [Abstract]

Income tax

The reconciliation between the statutory and actual income tax expense (benefit) is summarized in the following table for the years indicated:



	2013			2012			2011
Income Tax Expense for the Year Ended December 31:
Currently Payable:
Federal	$	738		$	(23	)	$	399
State
Deferred:
Federal	13,939			15,890			8,256
State
Total Income Tax Expense	$	14,677		$	15,867		$	8,655
Reconciliation of Federal Statutory to Actual Tax Expense:
Federal Statutory Income Tax at 35%	$	20,722		$	21,347		$	11,867
Tax-exempt Interest Income	(3,923		)	(3,716		)	(3,714		)
Non-deductible Interest Expense							649
Stock Compensation	50			76			69
Earnings on Life Insurance	(905		)	(1,187		)	(899		)
Tax Credits	(857		)	(73		)	(99		)
Other	(410		)	(580		)	782
Actual Tax Expense	$	14,677		$	15,867		$	8,655

Deferred Tax Assets and Liabilities

The tax effects of temporary differences related to deferred taxes shown on the balance sheets were:



	2013			2012
Deferred Tax Asset at December 31:
Assets:
Differences in Accounting for Loan Losses	$	28,064		$	28,788
Differences in Accounting for Loan Fees	736			941
Differences in Accounting for Loans and Securities	13,579			477
Deferred Compensation	5,479			7,181
Difference in Accounting for Pensions and Other Employee Benefits				1,953
Federal & State Income Tax Loss Carryforward and Credits	24,981			9,356
Net Unrealized Loss on Securities Available for Sale	151
Other	12,828			9,356
Total Assets	85,818			58,052
Liabilities:
Differences in Depreciation Methods	8,008			6,050
Difference in Accounting for Pensions and Other Employee Benefits	1,096
State Income Tax	354			354
Net Unrealized Gain on Securities Available for Sale				7,879
Gain on FDIC Modified Whole Bank Transaction	2,147			2,737
Other	1,257			1,051
Total Liabilities	12,862			18,071
Net Deferred Tax Asset Before Valuation Allowance	72,956			39,981
Valuation allowance:
Beginning Balance	(13,859		)	(15,701		)
Decrease/(Increase) During the Year	(3,312		)	1,842
Ending Balance	(17,171		)	(13,859		)
Net Deferred Tax Asset	$	55,785		$	26,122

Net Income Per Share (Tables)

12 Months Ended

Dec. 31, 2013

Earnings Per Share [Abstract]

Net Income Per Share

The following table reconciles basic and diluted net income per share for the years indicated:



	2013						2012						2011
				Weighted-Average Shares						Weighted-Average Shares						Weighted-Average Shares
Basic net income per share:	$	44,530					$	45,122					$	25,252
Loss on CPP unamortized discount													(1,401		)
Loss on extinguishment of trust preferred securities													(10,857		)
Preferred stock dividends	(2,380		)				(4,539		)				(3,981		)
Net income available to common stockholders	42,150			29,731,420	$	1.42	40,583			28,632,915	$	1.42	9,013			26,550,043	$	0.34
Effect of dilutive stock options and warrants				276,960						213,769						143,805
Diluted net income per share:
Net income available to common stockholders	$	42,150		30,008,380	$	1.41	$	40,583		28,846,684	$	1.41	$	9,013		26,693,848	$	0.34

Quarterly Results of Operations (Unaudited) (Tables)

12 Months Ended

Dec. 31, 2013

Quarterly Financial Information Disclosure [Abstract]

Quarterly Results of Operations (Unaudited)

The following table sets forth certain quarterly results for the years ended December 31, 2013 and 2012:



	2013												2012
	First			Second			Third			Fourth			First			Second			Third			Fourth
Interest income	$	43,738		$	40,653		$	40,736		$	45,707		$	43,469		$	44,169		$	45,347		$	42,964
Interest expense	4,280			4,003			3,714			4,572			7,353			6,116			5,445			4,699
Net interest income	39,458			36,650			37,022			41,135			36,116			38,053			39,902			38,265
Provision for loan losses	2,102			1,997			1,533			1,016			4,875			4,545			4,609			4,505
Net interest income after provision for loan losses	37,356			34,653			35,489			40,119			31,241			33,508			35,293			33,760
Non-interest income	13,877			14,059			11,800			15,073			22,658			13,165			14,273			14,206
Non-interest expense	34,700			33,742			34,219			40,558			34,028			34,180			34,404			34,503
Income before income tax expense	16,533			14,970			13,070			14,634			19,871			12,493			15,162			13,463
Income tax expense	4,668			4,155			2,667			3,187			5,500			3,288			3,926			3,153
Net income	11,865			10,815			10,403			11,447			14,371			9,205			11,236			10,310
Preferred stock dividends	(857		)	(852		)	(430		)	(241		)	(1,135		)	(1,135		)	(1,134		)	(1,135		)
Net income available to common stockholders	$	11,008		$	9,963		$	9,973		$	11,206		$	13,236		$	8,070		$	10,102		$	9,175

Basic EPS	$	0.38		$	0.35		$	0.35		$	0.34		$	0.46		$	0.29		$	0.35		$	0.32
Diluted EPS	$	0.38		$	0.34		$	0.35		$	0.34		$	0.46		$	0.28		$	0.35		$	0.32
Average Shares Outstanding:
Basic	28,716,987			28,783,407			28,806,809			32,597,145			28,582,616			28,624,609			28,649,996			28,673,802
Diluted	28,971,238			29,023,513			29,081,472			32,912,605			28,754,713			28,815,019			28,888,076			28,930,392

Condensed Financial Information (parent company only) (Tables)

12 Months Ended

Dec. 31, 2013

Condensed Financial Information of Parent Company Only Disclosure [Abstract]

Schedule Of Parent Company Information Balance Sheet

Condensed Balance Sheets



	December 31, 2013		December 31, 2012
Assets
Cash	$	13,228	$	35,160
Investment in Subsidiaries	745,818		633,971
Goodwill	448		448
Other Assets	8,695		6,638
Total Assets	$	768,189	$	676,217
Liabilities
Borrowings	$	126,702	$	111,702
Other Liabilities	6,564		12,279
Total Liabilities	133,266		123,981
Stockholders' Equity	634,923		552,236
Total Liabilities and Stockholders' Equity	$	768,189	$	676,217

Schedule Of Parent Company Information Income Statement

Condensed Statements of Income and Comprehensive Income



	December 31, 2013			December 31, 2012			December 31, 2011
Income
Dividends from Subsidiaries	$	63,732		$	30,096		$	4,677
Other Income	45			85			(11		)
Total Income	63,777			30,181			4,666
Expenses
Interest Expense	3,531			4,655			7,661
Salaries and Employee Benefits	3,284			3,194			2,688
Net Occupancy and Equipment Expenses	258			312			31
Telephone Expenses	42			30			21
Postage and Courier Expenses				1			2
Other Expenses	2,617			1,502			1,501
Total Expenses	9,732			9,694			11,904
Income (Loss) Before Income Tax Benefit and Equity in Undistributed Income of Subsidiaries	54,045			20,487			(7,238		)
Income Tax Benefit	3,153			3,316			3,256
Income (Loss) Before Equity in Undistributed Income of Subsidiaries	57,198			23,803			(3,982		)
Equity in Undistributed (Distributions in Excess of) Income of Subsidiaries	(12,668		)	21,319			29,234
Net Income	44,530			45,122			25,252
Loss on CPP Unamortized Discount							(1,401		)
Loss on Extinguishment of Trust Preferred Securities							(10,857		)
Preferred Stock Dividends and Discount Accretion	(2,380		)	(4,539		)	(3,981		)
Net Income Available to Common Stockholders	$	42,150		$	40,583		$	9,013

Net Income	$	44,530		$	45,122		$	25,252
Other Comprehensive Income (Loss)	(911		)	(1,897		)	6,555
Comprehensive Income	$	43,619		$	43,225		$	31,807

Schedule Of Parent Company Information Cash Flow

Condensed Statement of Cash Flows



	Year Ended December 31,
	2013			2012			2011
Operating Activities:
Net Income	$	44,530		$	45,122		$	25,252
Adjustments to Reconcile Net Income to Net Cash:
Share-based Compensation	778			632			524
Distributions in Excess of (Equity in Undistributed) Income of Subsidiaries	12,668			(21,319		)	(29,234		)
Net Change in:
Other Assets	(1,354		)	1,902			5,747
Other Liabilities	(8,438		)	1,122			1,091
Investment in Subsidiaries - Operating Activities	12,991			(1,755		)	(6,593		)
Net Cash Provided (Used) by Operating Activities	$	61,175		$	25,704		$	(3,213	)
Investing Activities:
Investment in Subsidiaries				$	(126	)	$	704
Other	$	240
Net Cash Provided (Used) in Investing Activities	$	240		$	(126	)	$	704
Financing Activities:
Cash Dividends	$	(7,992	)	$	(7,442	)	$	(4,729	)
Repayment of Borrowings	(55,000		)	(4,124		)	(46,400		)
Proceeds from issuance of long-term debt	70,000
Preferred stock redemption under Capital Purchase Program							(69,600		)
Preferred stock issued under Small Business Lending Fund							90,783
Preferred stock redemption under Small Business Lending Fund	(90,783		)
Repurchase of Common Stock Warrants under Capital Purchase Program							(368		)
Common Stock Issued							21,165
Stock Issued Under Employee Benefit Plans	479			449			669
Stock Issued Under Dividend Reinvestment and Stock Purchase Plan	325			202			89
Stock Options Exercised	115			78
Stock Redeemed	(491		)	(235		)	(126		)
Other							298
Net Cash Used by Financing Activities	$	(83,347	)	$	(11,072	)	$	(8,219	)
Net Change in Cash	(21,932		)	14,506			(10,728		)
Cash, Beginning of the Year	35,160			20,654			31,382
Cash, End of Year	$	13,228		$	35,160		$	20,654

Nature of Operations and Summary of Significant Accounting Policies (Details)	12 Months Ended
	Dec. 31, 2013 key_element
Accounting Policies [Abstract]
Number of key element used in assessing the appropriateness of the allowance for loan losses	3

Nature of Operations and Summary of Significant Accounting Policies - Estimated Useful Lives, Premises and Equipment (Details)	12 Months Ended
	Dec. 31, 2013
Minimum
Premises and Equipment [Line Items]
Estimated Useful Lives, Premises and Equipment	3 years
Maximum
Premises and Equipment [Line Items]
Estimated Useful Lives, Premises and Equipment	40 years

Nature of Operations and Summary of Significant Accounting Policies - Estimated Useful Lives, Intangible Assets (Details)	12 Months Ended
	Dec. 31, 2013
Minimum
Intangible Assets [Abstract]
Estimated Useful Lives, Intangible Assets	3 years
Maximum
Intangible Assets [Abstract]
Estimated Useful Lives, Intangible Assets	20 years

Nature of Operations and Summary of Significant Accounting Policies - Requisite Service Period for Stock Option and Restricted Stock Award Plans (Details)	12 Months Ended
	Dec. 31, 2013
Minimum
Schedule of Stock Options and Restricted Stock Award Plans [Line Items]
Requisite Service Period	2 years
Maximum
Schedule of Stock Options and Restricted Stock Award Plans [Line Items]
Requisite Service Period	3 years

Purchase and Assumption - Narrative (Detail) $ in Thousands	Feb. 10, 2012 USD ($)
Business Acquisition [Line Items]
Assets acquired, discount	$ 29,000
Difference between the purchase price of the assets acquired and the value of the liabilities assumed	17,200
Loans Receivable
Business Acquisition [Line Items]
Loans	86,300
Loan portfolio acquired, fair value discount	19,200
Performing portion of loan portfolio, fair value	76,500
Book value of assets and liabilities acquired
Business Acquisition [Line Items]
Assets Acquired	147,700
Cash and cash equivalents	11,900
Marketable securities	18,900
Federal Home Loan Bank stock	1,800
Loans	113,000
Premises and equipment	2,100
Liabilities absorbed	135,700
Customer deposits	125,900
Other Borrowed money	9,600
Other Liabilities	$ 402

Purchase and Assumption - Assets and Liabilities of SCB Recorded at Provisional Fair Value (Detail) - USD ($)
$ in Thousands

12 Months Ended

Feb. 10, 2012

Dec. 31, 2012

Net Gain on Acquisition

$ 9,124

SCB Bank

Cash and due from banks (1)

^[1]

$ 29,113

Investment securities, available for sale

18,896

Federal Home Loan Bank stock

1,761

93,793

Premises

1,516

Core deposit intangible

484

Other assets

560

Total Assets Purchased

146,123

Federal Home Loan Bank advances

125,909

10,286

Other liabilities

804

Total Liabilities Assumed

136,999

Net Gain on Acquisition

9,124

Non-interest bearing | SCB Bank

13,715

NOW accounts | SCB Bank

Savings and money market | SCB Bank

14,746

Certificate of deposit | SCB Bank

25,843

71,605

Commercial | SCB Bank

Residential Mortgage | SCB Bank

51,042

Installment Loans | SCB Bank

11,181

$ 31,570

[1]	Includes $17,200,000 cash received from the FDIC.

Purchase and Assumption - Assets and Liabilities of SCB Recorded at Provisional Fair Value (Parenthetical) (Detail) $ in Millions	Feb. 10, 2012 USD ($)
Business Combinations [Abstract]
Cash received from FDIC	$ 17.2

Purchase and Assumption - Acquired Loans Accounted With ASC 310 30 (Detail) $ in Thousands	Feb. 10, 2012 USD ($)
Business Combinations [Abstract]
Preliminary estimate of contractually required principal and interest at acquisition	$ 31,143
Preliminary estimate of contractual cash flows not expected to be collected (nonaccretable differences)	9,688
Preliminary estimate of expected cash flows at acquisition	21,455
Preliminary estimate of interest component of expected cash flows (accretable discount)	4,152
Preliminary estimate of fair value of acquired loans accounted for under ASC 310-30	$ 17,303

Business Combination - Narrative (Details) $ in Thousands, shares in Millions		12 Months Ended
	Nov. 12, 2013 USD ($) bank shares	Dec. 31, 2013 USD ($)
Business Acquisition [Line Items]
Value of stock issued as a part of acquisition		$ 135,642
Merger with CFS Bancorp, Inc. (Citizens)
Business Acquisition [Line Items]
Percentage of Interest Acquired	100.00%
Number of full service banking centers owned \| bank	20
Stock issued as a part of acquisition (in shares) \| shares	7.1
Value of stock issued as a part of acquisition	$ 135,642
Core deposit intangible	$ 7,313
Acquired intangible asset, expected useful life	10 years
Pro forma revenue		4,900
Pro forma nonrecurring expense		$ 9,500
CFS Bancorp \| Merger with CFS Bancorp, Inc. (Citizens)
Business Acquisition [Line Items]
Percentage of common stock received per shares owned through acquisition	0.65%

Business Combination - Assets Acquired and Liabilities Assumed (Details) - USD ($) $ in Thousands	Dec. 31, 2013	Nov. 12, 2013	Dec. 31, 2012	Dec. 31, 2011
Business Acquisition [Line Items]
Goodwill	$ 188,948		$ 141,375	$ 141,357
Merger with CFS Bancorp, Inc. (Citizens)
Business Acquisition [Line Items]
Cash and cash equivalents		$ 10,992
Interest-bearing time deposits		213,379
Mortgage loans held for sale		189
Loans		603,114
Premises and equipment		19,643
Federal Home Loan Bank stock		6,188
Interest receivable		1,770
Cash surrender value of life insurance		36,555
Other real estate owned		12,857
Tax asset, deferred and receivable		30,717
Other assets		111,656
Deposits		(955,432)
Securities sold under repurchase agreements		(9,830)
Federal Home Loan Bank advances		(15,000)
Interest payable		(294)
Other liabilities		(16,033)
Net tangible assets acquired		80,756
Core deposit intangible		7,313
Goodwill		47,573
Purchase price		135,642
Merger with CFS Bancorp, Inc. (Citizens) \| Available for Sale Securities
Business Acquisition [Line Items]
Investment securities		15,913
Merger with CFS Bancorp, Inc. (Citizens) \| Held to Maturity Securities
Business Acquisition [Line Items]
Investment securities		$ 14,372

Business Combination - Pro Forma Information (Details) - Merger with CFS Bancorp, Inc. (Citizens) - USD ($) $ / shares in Units, $ in Thousands	12 Months Ended
	Dec. 31, 2013	Dec. 31, 2012
Business Acquisition [Line Items]
Total revenue (net interest income plus other income)	$ 243,972	$ 266,034
Net income	38,637	50,092
Net income available to common shareholders	$ 36,257	$ 45,553
Earnings per share:
Basic (in dollars per share)	$ 0.98	$ 1.28
Diluted (in dollars per share)	$ 0.98	$ 1.27

Restriction on Cash and Due From Banks (Details) $ in Thousands	Dec. 31, 2013 USD ($)
Restricted Cash and Cash Equivalents Items [Line Items]
Cash Balance, Federal Home Loan Bank And Federal Reserve Bank	$ 38,583
Cash Reserve With Federal Reserve Bank	29,015
Interest-bearing Deposits
Restricted Cash and Cash Equivalents Items [Line Items]
Cash Amount That Exceeded Federally Insured Limits	$ 40,420

Investment Securities - Amortized Cost and Approximate Fair Values of Securities (Detail) - USD ($) $ in Thousands	Dec. 31, 2013	Dec. 31, 2012
Gain (Loss) on Investments [Line Items]
Amortized Cost	$ 537,848	$ 498,104
Gross Unrealized Gains	7,896	21,184
Gross Unrealized Losses	9,543	5,945
Fair Value	536,201	513,343
Amortized Cost	559,378	361,020
Gross Unrealized Gains	5,282	17,170
Gross Unrealized Losses	3,813	16
Fair Value	560,847	378,174
Amortized Cost	1,097,226	859,124
Gross Unrealized Gains	13,178	38,354
Gross Unrealized Losses	13,356	5,961
Fair Value	1,097,048	891,517
U.S. Treasury
Gain (Loss) on Investments [Line Items]
Amortized Cost	15,914
Gross Unrealized Gains	80
Gross Unrealized Losses	21
Fair Value	15,973
Government Agency and Municipal Bonds and Notes
Gain (Loss) on Investments [Line Items]
Amortized Cost	3,550	4,475
Gross Unrealized Gains	12	165
Gross Unrealized Losses	17
Fair Value	3,545	4,640
State and municipal
Gain (Loss) on Investments [Line Items]
Amortized Cost	231,005	148,187
Gross Unrealized Gains	3,878	10,025
Gross Unrealized Losses	3,896	18
Fair Value	230,987	158,194
Amortized Cost	145,941	117,227
Gross Unrealized Gains	62	5,489
Gross Unrealized Losses	91	1
Fair Value	145,912	122,715
U.S. Government-sponsored mortgage-backed securities
Gain (Loss) on Investments [Line Items]
Amortized Cost	279,299	337,631
Gross Unrealized Gains	3,926	10,994
Gross Unrealized Losses	1,973	46
Fair Value	281,252	348,579
Amortized Cost	413,437	243,793
Gross Unrealized Gains	5,220	11,681
Gross Unrealized Losses	3,722	15
Fair Value	414,935	255,459
Corporate obligations
Gain (Loss) on Investments [Line Items]
Amortized Cost	6,374	6,105
Gross Unrealized Losses	3,636	5,881
Fair Value	2,738	224
Equity securities
Gain (Loss) on Investments [Line Items]
Amortized Cost	1,706	1,706
Fair Value	$ 1,706	$ 1,706

Investment Securities - Narrative (Detail)	12 Months Ended
Investment Securities - Narrative (Detail)	Dec. 31, 2013 USD ($) security	Dec. 31, 2012 USD ($)	Dec. 31, 2011 USD ($)
Schedule of Available for sale Securities and Held to maturity Securities [Line Items]
Fair value	$ 477,132,000	$ 17,038,000
Gross Unrealized Losses	9,543,000	5,945,000
Gross Unrealized Losses	3,813,000	16,000
Amortized Cost	537,848,000	498,104,000
Carrying value of securities pledged as collateral	373,533,000	345,866,000	$ 306,024,000
Gross gains	487,000	2,389,000	2,439,000
Gross losses	$ 0	0	$ 0
Minimum
Schedule of Available for sale Securities and Held to maturity Securities [Line Items]
Spread over LIBOR	0.85%
Maximum
Schedule of Available for sale Securities and Held to maturity Securities [Line Items]
Spread over LIBOR	1.57%
Investments in Debt and Equity Securities, Reported at Less than Historical Cost
Schedule of Available for sale Securities and Held to maturity Securities [Line Items]
Historical cost	$ 490,488,000	22,999,000
Fair value	$ 477,132,000	$ 17,038,000
Percent of the Corporation's available for sale and held to maturity portfolio	43.60%	1.90%
U.S. Treasury Securities
Schedule of Available for sale Securities and Held to maturity Securities [Line Items]
Fair value	$ 4,875,000
Gross Unrealized Losses	$ 21,000
Available-for-sale, number of securities in unrealized loss positions \| security	1
Amortized Cost	$ 15,914,000
U.S. Government-sponsored agency securities
Schedule of Available for sale Securities and Held to maturity Securities [Line Items]
Fair value	3,433,000
Gross Unrealized Losses	$ 17,000
Available-for-sale, number of securities in unrealized loss positions \| security	3
Amortized Cost	$ 3,550,000	$ 4,475,000
U.S. Government-sponsored mortgage-backed securities
Schedule of Available for sale Securities and Held to maturity Securities [Line Items]
Fair value	336,237,000	12,320,000
Gross Unrealized Losses	$ 1,973,000	46,000
Available-for-sale, number of securities in unrealized loss positions \| security	26
Gross Unrealized Losses	$ 3,722,000	15,000
Held-to-maturity, number of securities in unrealized loss positions \| security	45
Amortized Cost	$ 279,299,000	337,631,000
State and municipal
Schedule of Available for sale Securities and Held to maturity Securities [Line Items]
Fair value	129,876,000	4,524,000
Gross Unrealized Losses	$ 3,896,000	18,000
Available-for-sale, number of securities in unrealized loss positions \| security	137
Gross Unrealized Losses	$ 91,000	1,000
Held-to-maturity, number of securities in unrealized loss positions \| security	41
Amortized Cost	$ 231,005,000	148,187,000
Corporate obligations
Schedule of Available for sale Securities and Held to maturity Securities [Line Items]
Fair value	2,711,000	194,000
Gross Unrealized Losses	3,636,000	5,881,000
Amortized Cost	$ 6,374,000	$ 6,105,000

Investment Securities - Debt Securities Credit Loss Recognized in Income, and Other Losses Recorded in Other Comprehensive Income (Detail) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2013	Dec. 31, 2012
Credit losses on debt securities held:
Balance, January 1	$ 11,355	$ 11,355
Additions related to other-than-temporary losses not previously recognized
Balance, December 31	$ 11,355	$ 11,355

Investment Securities - Investments' Gross Unrealized Losses and Fair Value Aggregated by Investment Category and Length of Time in Continuous Unrealized Loss Position (Detail) - USD ($) $ in Thousands	Dec. 31, 2013	Dec. 31, 2012
Investments, Unrealized Loss Position [Line Items]
Less than 12 Months Fair Value	$ 468,331	$ 16,844
Less than 12 Months Gross Unrealized Losses	9,132	80
12 Months or Longer Fair Value	8,801	194
12 Months or Longer Gross Unrealized Losses	4,224	5,881
Total Fair Value	477,132	17,038
Total Gross Unrealized Losses	13,356	5,961
U.S. Treasury
Investments, Unrealized Loss Position [Line Items]
Less than 12 Months Fair Value	4,875
Less than 12 Months Gross Unrealized Losses	21
Total Fair Value	4,875
Total Gross Unrealized Losses	21
U.S. Government-sponsored agency securities
Investments, Unrealized Loss Position [Line Items]
Less than 12 Months Fair Value	3,433
Less than 12 Months Gross Unrealized Losses	17
Total Fair Value	3,433
Total Gross Unrealized Losses	17
State and municipal
Investments, Unrealized Loss Position [Line Items]
Less than 12 Months Fair Value	129,109	4,524
Less than 12 Months Gross Unrealized Losses	3,931	19
12 Months or Longer Fair Value	767
12 Months or Longer Gross Unrealized Losses	56
Total Fair Value	129,876	4,524
Total Gross Unrealized Losses	3,987	19
U.S. Government-sponsored mortgage-backed securities
Investments, Unrealized Loss Position [Line Items]
Less than 12 Months Fair Value	330,914	12,320
Less than 12 Months Gross Unrealized Losses	5,163	61
12 Months or Longer Fair Value	5,323
12 Months or Longer Gross Unrealized Losses	532
Total Fair Value	336,237	12,320
Total Gross Unrealized Losses	5,695	61
Corporate obligations
Investments, Unrealized Loss Position [Line Items]
Less than 12 Months Fair Value
Less than 12 Months Gross Unrealized Losses
12 Months or Longer Fair Value	2,711	194
12 Months or Longer Gross Unrealized Losses	3,636	5,881
Total Fair Value	2,711	194
Total Gross Unrealized Losses	$ 3,636	$ 5,881

Investment Securities - Amortized Cost and Fair Value of Available for Sale Securities and Held to Maturity Securities by Contractual Maturity (Detail) - USD ($) $ in Thousands	Dec. 31, 2013	Dec. 31, 2012
Schedule of Available for sale Securities and Held to maturity Securities [Line Items]
Due in one year or less	$ 9,755
Due after one through five years	27,096
Due after five through ten years	50,169
Due after ten years	169,823
Available-For-Sale Securities, Debt Maturity, with Single Maturity Date, Amortized Cost, Total	256,843
Total Investment Securities	537,848
Due in one year or less	9,912
Due after one through five years	27,606
Due after five through ten years	50,739
Due after ten years	164,986
Available-For-Sale Securities, Debt Maturity, with Single Maturity Date, Fair Value, Total	253,243
Total Investment Securities	536,201
Due in one year or less	4,446
Due after one through five years	17,129
Due after five through ten years	77,012
Due after ten years	47,354
Held-To-Maturity Securities, Debt Maturities, with Single Maturity Date, Net Carrying Amount, Total	145,941
Amortized Cost	559,378	$ 361,020
Due in one year or less	4,442
Due after one through five years	17,324
Due after five through ten years	76,860
Due after ten years	47,286
Held-To-Maturity Securities, Debt Maturity, with Single Maturity Date, Fair Value, Total	145,912
Total Investment Securities	560,847	378,174
U.S. Government-sponsored mortgage-backed securities
Schedule of Available for sale Securities and Held to maturity Securities [Line Items]
Without single maturity date	279,299
Without single maturity date	281,252
Amortized Cost	413,437	243,793
Total Investment Securities	414,935	$ 255,459
Equity securities
Schedule of Available for sale Securities and Held to maturity Securities [Line Items]
Without single maturity date	1,706
Without single maturity date	$ 1,706

Loans and Allowance - Narrative (Detail) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2013	Nov. 12, 2013	Dec. 31, 2012	Feb. 10, 2012
Accounts, Notes, Loans and Financing Receivable [Line Items]
Residential real estate loans held for sale	$ 5,331		$ 22,300
SCB Bank
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loan Acquired during acquisition				$ 113,000
Fair Value Discount				$ 19,200
Merger with CFS Bancorp, Inc. (Citizens)
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loan Acquired during acquisition		$ 639,600
Fair Value Discount		$ 36,500
Commercial and farmland
Accounts, Notes, Loans and Financing Receivable [Line Items]
Percentage of troubled debt restructured loans	75.00%
Residential
Accounts, Notes, Loans and Financing Receivable [Line Items]
Percentage of troubled debt restructured loans	17.00%

Loans and Allowance - Composition of Loan Portfolio by Loan Class (Detail) - USD ($) $ in Thousands	Dec. 31, 2013	Dec. 31, 2012	Dec. 31, 2011	Dec. 31, 2010
Loans:
Loans	$ 3,632,409	$ 2,902,209
Allowance for loan losses	(67,870)	(69,366)	$ (70,898)	$ (82,977)
Net loans	3,564,539	2,832,843
Commercial and industrial loans
Loans:
Loans	761,705	622,579
Agricultural production financing and other loans to farmers
Loans:
Loans	114,348	112,527
Construction
Loans:
Loans	177,082	98,639
Commercial and farmland
Loans:
Loans	1,611,809	1,266,682
Residential
Loans:
Loans	616,385	473,537
Allowance for loan losses	(15,077)	(14,157)	(12,343)	(10,408)
Home Equity
Loans:
Loans	255,223	203,406
Individuals' loans for household and other personal expenditures
Loans:
Loans	69,783	75,748
Allowance for loan losses	(2,515)	(2,593)	(2,902)	(3,622)
Lease financing receivables, net of unearned income
Loans:
Loans	1,545	2,590
Allowance for loan losses			$ (3)	$ (98)
Other loans
Loans:
Loans	$ 24,529	$ 46,501

Loans and Allowance - Changes in Allowance for Loan Losses by Loan Segment (Detail) - USD ($) $ in Thousands	3 Months Ended								12 Months Ended
	Dec. 31, 2013	Sep. 30, 2013	Jun. 30, 2013	Mar. 31, 2013	Dec. 31, 2012	Sep. 30, 2012	Jun. 30, 2012	Mar. 31, 2012	Dec. 31, 2013	Dec. 31, 2012	Dec. 31, 2011
Allowance for loan losses:
Beginning balance				$ 69,366				$ 70,898	$ 69,366	$ 70,898	$ 82,977
Provision for losses	$ 1,016	$ 1,533	$ 1,997	2,102	$ 4,505	$ 4,609	$ 4,545	4,875	6,648	18,534	22,630
Recoveries on loans									9,990	7,206	13,764
Loans charged off									(18,134)	(27,272)	(48,473)
Ending balance	67,870				69,366				67,870	69,366	70,898
Commercial
Allowance for loan losses:
Beginning balance				25,913				17,731	25,913	17,731	32,508
Provision for losses									2,794	14,749	(13,787)
Recoveries on loans									4,586	1,744	8,828
Loans charged off									(6,117)	(8,311)	(9,818)
Ending balance	27,176				25,913				27,176	25,913	17,731
Commercial Real Estate
Allowance for loan losses:
Beginning balance				26,703				37,919	26,703	37,919	36,341
Provision for losses									340	(2,546)	28,574
Recoveries on loans									3,552	3,652	2,811
Loans charged off									(7,493)	(12,322)	(29,807)
Ending balance	23,102				26,703				23,102	26,703	37,919
Consumer
Allowance for loan losses:
Beginning balance				2,593				2,902	2,593	2,902	3,622
Provision for losses									(11)	126	(221)
Recoveries on loans									556	695	942
Loans charged off									(623)	(1,130)	(1,441)
Ending balance	2,515				2,593				2,515	2,593	2,902
Residential
Allowance for loan losses:
Beginning balance				14,157				12,343	14,157	12,343	10,408
Provision for losses									3,514	6,176	8,166
Recoveries on loans									1,292	1,113	1,176
Loans charged off									(3,886)	(5,475)	(7,407)
Ending balance	15,077				14,157				15,077	14,157	12,343
Finance Leases
Allowance for loan losses:
Beginning balance								$ 3		3	98
Provision for losses									11	29	(102)
Recoveries on loans									4	2	7
Loans charged off									(15)	(34)
Ending balance											$ 3

Loans and Allowance - Allowance for Credit Losses and Loan Portfolio by Loan Segment (Detail) - USD ($) $ in Thousands	Dec. 31, 2013	Dec. 31, 2012	Dec. 31, 2011	Dec. 31, 2010
Financing Receivable, Allowance for Credit Losses [Line Items]
Allowance balances - Individually evaluated for impairment	$ 1,354	$ 4,243
Allowance balances - Collectively evaluated for impairment	66,287	65,123
Allowance balances - Loans Acquired with Deteriorated Credit Quality	229
Total Allowance for Loan Losses	67,870	69,366	$ 70,898	$ 82,977
Loan balances - Individually evaluated for impairment	42,067	68,099
Loan balances - Collectively evaluated for impairment	3,511,501	2,821,358
Loan balances - Loans Acquired with Deteriorated Credit Quality	78,841	12,752
Loans	3,632,409	2,902,209
Commercial
Financing Receivable, Allowance for Credit Losses [Line Items]
Allowance balances - Individually evaluated for impairment	585	1,628
Allowance balances - Collectively evaluated for impairment	26,493	24,285
Allowance balances - Loans Acquired with Deteriorated Credit Quality	98
Total Allowance for Loan Losses	27,176	25,913	17,731	32,508
Loan balances - Individually evaluated for impairment	10,240	14,190
Loan balances - Collectively evaluated for impairment	882,794	765,707
Loan balances - Loans Acquired with Deteriorated Credit Quality	7,548	1,710
Loans	900,582	781,607
Commercial Real Estate
Financing Receivable, Allowance for Credit Losses [Line Items]
Allowance balances - Individually evaluated for impairment	763	2,565
Allowance balances - Collectively evaluated for impairment	22,208	24,138
Allowance balances - Loans Acquired with Deteriorated Credit Quality	131
Total Allowance for Loan Losses	23,102	26,703	37,919	36,341
Loan balances - Individually evaluated for impairment	29,007	45,394
Loan balances - Collectively evaluated for impairment	1,690,285	1,309,912
Loan balances - Loans Acquired with Deteriorated Credit Quality	69,599	10,015
Loans	1,788,891	1,365,321
Consumer
Financing Receivable, Allowance for Credit Losses [Line Items]
Allowance balances - Collectively evaluated for impairment	2,515	2,593
Total Allowance for Loan Losses	2,515	2,593	2,902	3,622
Loan balances - Collectively evaluated for impairment	69,783	75,748
Loans	69,783	75,748
Residential
Financing Receivable, Allowance for Credit Losses [Line Items]
Allowance balances - Individually evaluated for impairment	6	50
Allowance balances - Collectively evaluated for impairment	15,071	14,107
Total Allowance for Loan Losses	15,077	14,157	12,343	10,408
Loan balances - Individually evaluated for impairment	2,820	8,515
Loan balances - Collectively evaluated for impairment	867,094	667,401
Loan balances - Loans Acquired with Deteriorated Credit Quality	1,694	1,027
Loans	871,608	676,943
Finance Leases
Financing Receivable, Allowance for Credit Losses [Line Items]
Allowance balances - Collectively evaluated for impairment
Total Allowance for Loan Losses			$ 3	$ 98
Loan balances - Collectively evaluated for impairment	1,545	2,590
Loans	$ 1,545	$ 2,590

Loans and Allowance - Summary of Non-Accrual Loans by Loan Class (Detail) - USD ($) $ in Thousands	Dec. 31, 2013	Dec. 31, 2012
Accounts, Notes, Loans and Financing Receivable [Line Items]
Non-accrual loans	$ 56,402	$ 53,399
Commercial and industrial loans
Accounts, Notes, Loans and Financing Receivable [Line Items]
Non-accrual loans	9,283	12,195
Agriculture Production financing and other loans to farmers
Accounts, Notes, Loans and Financing Receivable [Line Items]
Non-accrual loans	30
Construction
Accounts, Notes, Loans and Financing Receivable [Line Items]
Non-accrual loans	4,978	4,814
Commercial and farmland
Accounts, Notes, Loans and Financing Receivable [Line Items]
Non-accrual loans	28,095	22,612
Residential
Accounts, Notes, Loans and Financing Receivable [Line Items]
Non-accrual loans	12,068	11,476
Home Equity
Accounts, Notes, Loans and Financing Receivable [Line Items]
Non-accrual loans	1,667	1,997
Consumer
Accounts, Notes, Loans and Financing Receivable [Line Items]
Non-accrual loans	117
Finance Leases
Accounts, Notes, Loans and Financing Receivable [Line Items]
Non-accrual loans		301
Other loans
Accounts, Notes, Loans and Financing Receivable [Line Items]
Non-accrual loans	$ 164	$ 4

Loans and Allowance - Composition of Impaired Loans by Loan Class (Detail) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2013	Dec. 31, 2012	Dec. 31, 2011
Financing Receivable, Impaired [Line Items]
Unpaid Principal Balance	$ 189,779	$ 109,594	$ 98,922
Recorded Investment	114,253	67,333	59,835
Average Recorded Investment	119,561	76,517	69,330
Interest Income Recognized	2,048	1,498	1,241
Unpaid Principal Balance	6,121	12,918	24,234
Recorded Investment	5,502	11,846	19,940
Related Allowance	1,583	4,243	7,596
Average Recorded Investment	5,607	12,097	21,462
Interest Income Recognized	18	203	321
Impaired Financing Receivable, Unpaid Principal Balance	195,900	122,512	123,156
Impaired Financing Receivable, Recorded Investment	119,755	79,179	79,775
Average Recorded Investment	125,168	88,614	90,792
Interest Income Recognized	2,066	1,701	1,562
Commercial and industrial loans
Financing Receivable, Impaired [Line Items]
Unpaid Principal Balance	35,066	28,532	23,364
Recorded Investment	16,371	11,730	10,116
Average Recorded Investment	19,209	15,089	13,399
Interest Income Recognized	192	124	615
Unpaid Principal Balance	1,390	4,415	8,691
Recorded Investment	1,216	4,155	8,104
Related Allowance	683	1,628	4,142
Average Recorded Investment	1,240	4,225	8,196
Interest Income Recognized	9	33	174
Agriculture Production financing and other loans to farmers
Financing Receivable, Impaired [Line Items]
Unpaid Principal Balance	32
Recorded Investment	30
Average Recorded Investment	32
Construction
Financing Receivable, Impaired [Line Items]
Unpaid Principal Balance	16,109	9,787	14,301
Recorded Investment	10,625	5,164	7,701
Average Recorded Investment	11,621	6,471	8,836
Interest Income Recognized	117	66
Unpaid Principal Balance		1,202	961
Recorded Investment		1,058	961
Related Allowance		105	321
Average Recorded Investment		1,175	961
Commercial and farmland
Financing Receivable, Impaired [Line Items]
Unpaid Principal Balance	128,073	58,173	49,242
Recorded Investment	83,033	43,204	34,571
Average Recorded Investment	84,057	46,788	39,032
Interest Income Recognized	1,663	1,211	591
Unpaid Principal Balance	4,657	5,579	12,115
Recorded Investment	4,215	5,182	8,748
Related Allowance	894	2,460	2,183
Average Recorded Investment	4,291	5,239	10,028
Interest Income Recognized	9	95	140
Residential
Financing Receivable, Impaired [Line Items]
Unpaid Principal Balance	6,746	8,820	7,491
Recorded Investment	3,910	6,215	6,185
Average Recorded Investment	4,236	7,129	6,539
Interest Income Recognized	75	83	20
Unpaid Principal Balance	74	1,722	1,888
Recorded Investment	71	1,451	1,575
Related Allowance	6	50	391
Average Recorded Investment	76	1,458	1,687
Interest Income Recognized		75	7
Home Equity
Financing Receivable, Impaired [Line Items]
Unpaid Principal Balance	3,299	4,199	4,425
Recorded Investment	112	1,006	1,241
Average Recorded Investment	225	1,022	1,500
Interest Income Recognized		13	15
Other loans
Financing Receivable, Impaired [Line Items]
Unpaid Principal Balance	454	83	99
Recorded Investment	172	14	21
Average Recorded Investment	181	18	24
Interest Income Recognized	$ 1	$ 1
Unpaid Principal Balance			579
Recorded Investment			552
Related Allowance			559
Average Recorded Investment			$ 590

Loans and Allowance - Past Due Aging of Loan Portfolio by Loan Class (Detail) - USD ($) $ in Thousands	Dec. 31, 2013	Dec. 31, 2012
Financing Receivable, Recorded Investment, Past Due [Line Items]
Current	$ 3,549,125	$ 2,828,813
30-59 Days Past Due	16,864	14,303
60-89 Days Past Due	8,668	3,657
Loans 90 Days And Accruing	1,350	2,037
Non-Accrual	56,402	53,399
Total Past Due & Non-Accrual	83,284	73,396
Total Loans	3,632,409	2,902,209
Commercial and industrial loans
Financing Receivable, Recorded Investment, Past Due [Line Items]
Current	749,020	607,442
30-59 Days Past Due	2,628	2,628
60-89 Days Past Due	774	144
Loans 90 Days And Accruing		170
Non-Accrual	9,283	12,195
Total Past Due & Non-Accrual	12,685	15,137
Total Loans	761,705	622,579
Agricultural production financing and other loans to farmers
Financing Receivable, Recorded Investment, Past Due [Line Items]
Current	114,305	112,527
30-59 Days Past Due	13
Non-Accrual	30
Total Past Due & Non-Accrual	43
Total Loans	114,348	112,527
Construction
Financing Receivable, Recorded Investment, Past Due [Line Items]
Current	171,046	93,426
30-59 Days Past Due	1,058	399
Non-Accrual	4,978	4,814
Total Past Due & Non-Accrual	6,036	5,213
Total Loans	177,082	98,639
Commercial and farmland
Financing Receivable, Recorded Investment, Past Due [Line Items]
Current	1,573,403	1,238,907
30-59 Days Past Due	3,807	3,276
60-89 Days Past Due	5,801	1,822
Loans 90 Days And Accruing	703	65
Non-Accrual	28,095	22,612
Total Past Due & Non-Accrual	38,406	27,775
Total Loans	1,611,809	1,266,682
Residential
Financing Receivable, Recorded Investment, Past Due [Line Items]
Current	595,192	453,743
30-59 Days Past Due	7,156	5,734
60-89 Days Past Due	1,475	1,338
Loans 90 Days And Accruing	494	1,246
Non-Accrual	12,068	11,476
Total Past Due & Non-Accrual	21,193	19,794
Total Loans	616,385	473,537
Home Equity
Financing Receivable, Recorded Investment, Past Due [Line Items]
Current	251,188	199,063
30-59 Days Past Due	1,652	1,467
60-89 Days Past Due	563	323
Loans 90 Days And Accruing	153	556
Non-Accrual	1,667	1,997
Total Past Due & Non-Accrual	4,035	4,343
Total Loans	255,223	203,406
Consumer
Financing Receivable, Recorded Investment, Past Due [Line Items]
Current	69,061	74,919
30-59 Days Past Due	550	799
60-89 Days Past Due	55	30
Non-Accrual	117
Total Past Due & Non-Accrual	722	829
Total Loans	69,783	75,748
Finance Leases
Financing Receivable, Recorded Investment, Past Due [Line Items]
Current	1,545	2,289
Non-Accrual		301
Total Past Due & Non-Accrual		301
Total Loans	1,545	2,590
Other loans
Financing Receivable, Recorded Investment, Past Due [Line Items]
Current	24,365	46,497
Non-Accrual	164	4
Total Past Due & Non-Accrual	164	4
Total Loans	$ 24,529	$ 46,501

Loans and Allowance - Summary of Troubled Debt Restructurings (Detail) $ in Thousands	12 Months Ended
	Dec. 31, 2013 USD ($) loan	Dec. 31, 2012 USD ($) loan
Financing Receivable, Modifications [Line Items]
Pre-Modification Recorded Balance	$ 7,753	$ 15,194
Post-Modification Recorded Balance	$ 6,757	$ 14,723
Number of Loans \| loan	32	50
Commercial and industrial loans
Financing Receivable, Modifications [Line Items]
Pre-Modification Recorded Balance	$ 295	$ 1,562
Post-Modification Recorded Balance	$ 316	$ 1,547
Number of Loans \| loan	5	9
Construction
Financing Receivable, Modifications [Line Items]
Pre-Modification Recorded Balance		$ 794
Post-Modification Recorded Balance		$ 653
Number of Loans \| loan		2
Commercial and farmland
Financing Receivable, Modifications [Line Items]
Pre-Modification Recorded Balance	$ 6,506	$ 10,366
Post-Modification Recorded Balance	$ 5,492	$ 10,154
Number of Loans \| loan	11	14
Residential
Financing Receivable, Modifications [Line Items]
Pre-Modification Recorded Balance	$ 809	$ 2,302
Post-Modification Recorded Balance	$ 804	$ 2,172
Number of Loans \| loan	12	20
Consumer
Financing Receivable, Modifications [Line Items]
Pre-Modification Recorded Balance	$ 143	$ 170
Post-Modification Recorded Balance	$ 145	$ 197
Number of Loans \| loan	4	5

Loans and Allowance - Summary of Troubled Debt Restructurings by Modification (Detail) - USD ($) $ in Thousands	Dec. 31, 2013	Dec. 31, 2012
Financing Receivable, Modifications [Line Items]
Modification	$ 4,519	$ 11,955
Troubled Debt Restructurings, Term Modifications
Financing Receivable, Modifications [Line Items]
Modification	1,823	7,452
Troubled Debt Restructurings, Rate Modifications
Financing Receivable, Modifications [Line Items]
Modification	275	1,290
Troubled Debt Restructurings, Rate and Term Modifications
Financing Receivable, Modifications [Line Items]
Modification	2,421	3,213
Commercial and industrial loans
Financing Receivable, Modifications [Line Items]
Modification	267	1,288
Commercial and industrial loans \| Troubled Debt Restructurings, Term Modifications
Financing Receivable, Modifications [Line Items]
Modification	207	259
Commercial and industrial loans \| Troubled Debt Restructurings, Rate and Term Modifications
Financing Receivable, Modifications [Line Items]
Modification	60	1,029
Construction
Financing Receivable, Modifications [Line Items]
Modification		625
Construction \| Troubled Debt Restructurings, Rate and Term Modifications
Financing Receivable, Modifications [Line Items]
Modification		625
Commercial and farmland
Financing Receivable, Modifications [Line Items]
Modification	3,373	7,952
Commercial and farmland \| Troubled Debt Restructurings, Term Modifications
Financing Receivable, Modifications [Line Items]
Modification	1,388	6,668
Commercial and farmland \| Troubled Debt Restructurings, Rate Modifications
Financing Receivable, Modifications [Line Items]
Modification		903
Commercial and farmland \| Troubled Debt Restructurings, Rate and Term Modifications
Financing Receivable, Modifications [Line Items]
Modification	1,985	381
Residential
Financing Receivable, Modifications [Line Items]
Modification	755	1,900
Residential \| Troubled Debt Restructurings, Term Modifications
Financing Receivable, Modifications [Line Items]
Modification	167	525
Residential \| Troubled Debt Restructurings, Rate Modifications
Financing Receivable, Modifications [Line Items]
Modification	237	380
Residential \| Troubled Debt Restructurings, Rate and Term Modifications
Financing Receivable, Modifications [Line Items]
Modification	351	995
Consumer
Financing Receivable, Modifications [Line Items]
Modification	124	190
Consumer \| Troubled Debt Restructurings, Term Modifications
Financing Receivable, Modifications [Line Items]
Modification	61
Consumer \| Troubled Debt Restructurings, Rate Modifications
Financing Receivable, Modifications [Line Items]
Modification	38	7
Consumer \| Troubled Debt Restructurings, Rate and Term Modifications
Financing Receivable, Modifications [Line Items]
Modification	$ 25	$ 183

Loans and Allowance - Subsequent Default (Detail) $ in Thousands	12 Months Ended
	Dec. 31, 2013 USD ($) loan	Dec. 31, 2012 USD ($) loan
Financing Receivable, Impaired [Line Items]
Number of Loans \| loan	5	7
Recorded Balance \| $	$ 1,207	$ 620
Commercial and industrial loans
Financing Receivable, Impaired [Line Items]
Number of Loans \| loan	3	1
Recorded Balance \| $	$ 173	$ 23
Commercial and farmland
Financing Receivable, Impaired [Line Items]
Number of Loans \| loan	2	2
Recorded Balance \| $	$ 1,034	$ 212
Residential
Financing Receivable, Impaired [Line Items]
Number of Loans \| loan		4
Recorded Balance \| $		$ 385

Accounting For Certain Loans Acquired In a Purchase - Carrying Amount of Loans Included in Balance Sheet (Details) - USD ($) $ in Thousands	Dec. 31, 2013	Dec. 31, 2012
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loans Acquired	$ 690,218
Carrying Amount	636,182
Allowance	229	$ 0
Carrying Amount	635,953
Merger with CFS Bancorp, Inc. (Citizens)
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loans Acquired	629,184
Carrying Amount	585,913
Carrying Amount	585,913
SCB Bank
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loans Acquired	61,034	80,165
Carrying Amount	50,269	65,600
Allowance	229
Carrying Amount	50,040	65,600
Commercial and industrial loans
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loans Acquired	89,487
Commercial and industrial loans \| Merger with CFS Bancorp, Inc. (Citizens)
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loans Acquired	81,303
Commercial and industrial loans \| SCB Bank
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loans Acquired	8,184	12,645
Agriculture Production financing and other loans to farmers
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loans Acquired	1,161
Agriculture Production financing and other loans to farmers \| SCB Bank
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loans Acquired	1,161	1,179
Construction
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loans Acquired	17,962
Construction \| Merger with CFS Bancorp, Inc. (Citizens)
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loans Acquired	17,962
Construction \| SCB Bank
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loans Acquired		65
Commercial and farmland
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loans Acquired	335,049
Commercial and farmland \| Merger with CFS Bancorp, Inc. (Citizens)
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loans Acquired	311,631
Commercial and farmland \| SCB Bank
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loans Acquired	23,418	30,303
Residential
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loans Acquired	176,113
Residential \| Merger with CFS Bancorp, Inc. (Citizens)
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loans Acquired	166,754
Residential \| SCB Bank
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loans Acquired	9,359	13,724
Home Equity
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loans Acquired	67,278
Home Equity \| Merger with CFS Bancorp, Inc. (Citizens)
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loans Acquired	49,042
Home Equity \| SCB Bank
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loans Acquired	18,236	21,544
Individuals' loans for household and other personal expenditures
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loans Acquired	2,629
Individuals' loans for household and other personal expenditures \| Merger with CFS Bancorp, Inc. (Citizens)
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loans Acquired	2,360
Individuals' loans for household and other personal expenditures \| SCB Bank
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loans Acquired	269	705
Other loans
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loans Acquired	539
Other loans \| Merger with CFS Bancorp, Inc. (Citizens)
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loans Acquired	132
Other loans \| SCB Bank
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loans Acquired	$ 407

Accounting For Certain Loans Acquired In a Purchase - Accretable Yield or Income Expected to be Collected (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2013	Dec. 31, 2012
Certain Loans Acquired in Transfer Not Accounted for as Debt Securities, Accretable Yield Movement Schedule [Roll Forward]
Beginning balance	$ 5,142
Additions	13,599
Accretion	(2,235)
Reclassification from nonaccretable	2,888
Disposals	(95)
Ending balance	19,299	$ 5,142
Merger with CFS Bancorp, Inc. (Citizens)
Certain Loans Acquired in Transfer Not Accounted for as Debt Securities, Accretable Yield Movement Schedule [Roll Forward]
Beginning balance
Additions	13,599
Accretion	(164)
Ending balance	13,435
SCB Bank
Certain Loans Acquired in Transfer Not Accounted for as Debt Securities, Accretable Yield Movement Schedule [Roll Forward]
Beginning balance	5,142
Additions		9,774
Accretion	(2,071)	(4,632)
Reclassification from nonaccretable	2,888
Disposals	(95)
Ending balance	$ 5,864	$ 5,142

Accounting For Certain Loans Acquired In a Purchase - Contractually Required Payments (Details) - USD ($) $ in Thousands	Dec. 31, 2013	Dec. 31, 2012	Feb. 10, 2012
Certain Loans Acquired in Transfer Not Accounted for as Debt Securities Acquired During Period [Line Items]
Contractually required payments receivable at acquisition date			$ 31,143
Nonaccretable difference			9,688
Accretable difference			4,152
Basis in loans at acquisition date			$ 17,303
Merger with CFS Bancorp, Inc. (Citizens)
Certain Loans Acquired in Transfer Not Accounted for as Debt Securities Acquired During Period [Line Items]
Contractually required payments receivable at acquisition date	$ 109,839
Nonaccretable difference	22,679
Expected cash flows at acquisition date	87,160
Accretable difference	3,502
Basis in loans at acquisition date	$ 83,658
SCB Bank
Certain Loans Acquired in Transfer Not Accounted for as Debt Securities Acquired During Period [Line Items]
Contractually required payments receivable at acquisition date		$ 31,143
Nonaccretable difference		9,688
Expected cash flows at acquisition date		21,455
Accretable difference		4,152
Basis in loans at acquisition date		$ 17,303

Premises and Equipment - (Details) - USD ($) $ in Thousands	Dec. 31, 2013	Dec. 31, 2012
Premises and Equipment [Line Items]
Premises and Equipment	$ 164,959	$ 119,862
Accumulated Depreciation and Amortization	(90,505)	(67,113)
Net	74,454	52,749
Land
Premises and Equipment [Line Items]
Premises and Equipment	17,992	14,692
Buildings and Leasehold Improvements
Premises and Equipment [Line Items]
Premises and Equipment	92,693	62,606
Equipment
Premises and Equipment [Line Items]
Premises and Equipment	$ 54,274	$ 42,564

Premises and Equipment - Narrative (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2013	Dec. 31, 2012	Dec. 31, 2011	Nov. 12, 2013
Business Acquisition [Line Items]
Rent expense	$ 2,608	$ 2,812	$ 2,636
Merger with CFS Bancorp, Inc. (Citizens)
Business Acquisition [Line Items]
Percentage of Interest Acquired				100.00%
Premises and equipment				$ 19,643

Premises and Equipment - Schedule of Future Minimum Rental Payments for Operating Leases (Details) $ in Thousands	Dec. 31, 2013 USD ($)
Property, Plant and Equipment [Abstract]
2014	$ 2,804
2015	2,551
2016	2,067
2017	1,356
2018	749
After 2018	3,158
Total Future Minimum Obligations	$ 12,685

Goodwill - Narrative (Details) - USD ($)	12 Months Ended
Goodwill - Narrative (Details) - USD ($)	Dec. 31, 2013	Dec. 31, 2012	Nov. 12, 2013
Business Acquisition [Line Items]
Goodwill acquired	$ 47,573,000	$ 18,000
Goodwill impairment loss	$ 0	$ 0
Merger with CFS Bancorp, Inc. (Citizens)
Business Acquisition [Line Items]
Percentage of Interest Acquired			100.00%

Goodwill (Details) - USD ($) $ in Thousands	12 Months Ended
Goodwill (Details) - USD ($) $ in Thousands	Dec. 31, 2013	Dec. 31, 2012
Goodwill [Roll Forward]
Goodwill Beginning Balance	$ 141,375	$ 141,357
Goodwill acquired	47,573	18
Goodwill Ending Balance	$ 188,948	$ 141,375

Core Deposit and Other Intangibles - Schedule of Finite-lived Intangible Assets Acquired (Details) - USD ($) $ in Thousands		1 Months Ended
	Feb. 10, 2012	Jul. 31, 2012	Nov. 12, 2013
Other Intangible Assets
Acquired Finite-Lived Intangible Assets [Line Items]
Core deposit intangible and other intangibles acquired		$ 483
Merger with CFS Bancorp, Inc. (Citizens)
Acquired Finite-Lived Intangible Assets [Line Items]
Percentage of Interest Acquired			100.00%
Core deposit intangible			$ 7,313
SCB Bank
Acquired Finite-Lived Intangible Assets [Line Items]
Core deposit intangible	$ 484
SCB Bank \| Core Deposits
Acquired Finite-Lived Intangible Assets [Line Items]
Core deposit intangible and other intangibles acquired	$ 484

Core Deposit and Other Intangibles - Schedule of Core Deposit and Other Intangibles (Details) - USD ($) $ in Thousands	Dec. 31, 2013	Dec. 31, 2012
Intangible Assets, Net (Excluding Goodwill) [Abstract]
Gross carrying amount	$ 46,389	$ 45,422
Core deposit intangible and other intangibles acquired	7,313	967
Accumulated amortization	(39,884)	(38,235)
Core Deposit and Other Intangibles	$ 13,818	$ 8,154

Core Deposit and Other Intangibles - Narrative (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2013	Dec. 31, 2012	Dec. 31, 2011
Intangible Assets, Net (Excluding Goodwill) [Abstract]
Core deposit amortization	$ 1,649	$ 1,927	$ 3,548

Core Deposit and Other Intangibles - Schedule of Estimated Amortization Expense (details) - USD ($) $ in Thousands	Dec. 31, 2013	Dec. 31, 2012
Intangible Assets, Net (Excluding Goodwill) [Abstract]
2014	$ 2,367
2015	2,351
2016	2,294
2017	2,211
2018	1,044
After 2018	3,551
Core Deposit and Other Intangibles	$ 13,818	$ 8,154

Deposits - Schedule of Deposits (Details) - USD ($) $ in Thousands	Dec. 31, 2013	Dec. 31, 2012
Banking and Thrift [Abstract]
Demand Deposits	$ 2,018,650	$ 1,646,756
Savings Deposits	1,257,994	831,952
Certificates and Other Time Deposits of $100,000 or more	272,660	236,470
Other Certificates and Time Deposits	595,110	502,927
Brokered Deposits	87,054	128,278
Total Deposits	$ 4,231,468	$ 3,346,383

Deposits - Narrative (Details) - Merger with CFS Bancorp, Inc. (Citizens) $ in Thousands	Nov. 12, 2013 USD ($)
Business Acquisition [Line Items]
Percentage of Interest Acquired	100.00%
Deposits assumed	$ 955,432

Deposits - Schedule of Contractual Maturities of Time Deposits (Details) $ in Thousands	Dec. 31, 2013 USD ($)
Banking and Thrift [Abstract]
2014	$ 597,612
2015	163,985
2016	101,132
2017	48,244
2018	24,005
After 2018	19,846
Total	$ 954,824

Borrowings - Schedule of Debt (Details) - USD ($) $ in Thousands	Dec. 31, 2013	Dec. 31, 2012
Debt Disclosure [Abstract]
Federal Funds Purchased	$ 125,645	$ 18,862
Securities Sold Under Repurchase Agreements	148,672	141,828
Federal Home Loan Bank Advances	122,140	94,238
Subordinated Debentures and Term Loans	126,807	112,161
Total Borrowings	$ 523,264	$ 367,089

Borrowings - Schedule of Securities Sold Under Repurchase Agreements (Details) - Securities Sold Under Repurchase Agreements - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2013	Dec. 31, 2012
Debt Instrument [Line Items]
Maximum Amount Outstanding During Period	$ 161,814	$ 160,127
Average Outstanding Amount	$ 140,126	$ 144,555

Borrowings - Schedule of Maturities of Long Term Debt (Details) - USD ($) $ in Thousands	Dec. 31, 2013	Dec. 31, 2012
Securities Sold Under Repurchase Agreements
Debt Instrument [Line Items]
2014	$ 148,672
2015
Total	148,672
Federal Home Loan Bank Advances
Debt Instrument [Line Items]
2014	26,437
2015	30,886
2016	28,833
2017	2,629
2018	13,252
After 2018	20,103
Total	122,140
Subordinated Debentures and Term Loans
Debt Instrument [Line Items]
2014	105
2016
After 2018	126,702
Total	$ 126,807	$ 112,161

Borrowings - Collateral Agreement With Federal Home Loans Bank (Details) $ in Thousands	12 Months Ended
	Dec. 31, 2013 USD ($)
Debt Instrument [Line Items]
Interest Rate, Minimum	0.45%
Interest Rate, Maximum	6.81%
Total available remaining borrowing capacity from FHLB	$ 228,124
Minimum
Debt Instrument [Line Items]
Required value of assets pledged as collateral as a percentage to outstanding advances	155.00%

Borrowings - Narrative (Details)		12 Months Ended
Borrowings - Narrative (Details)	Aug. 22, 2012 USD ($)	Dec. 31, 2013 USD ($)	Nov. 01, 2013 USD ($) investor	Dec. 31, 2012 USD ($)	Sep. 15, 2012	Mar. 31, 2009 USD ($)	Jul. 02, 2007 USD ($)	Mar. 02, 2003 USD ($)
Debt Instrument [Line Items]
Private debt issuance, number of institutional investors \| investor			4
5% Senior Notes Due 2028
Debt Instrument [Line Items]
Debt face amount			$ 5,000,000
Interest rate on notes			5.00%
6.75% Subordinated Notes Due 2028
Debt Instrument [Line Items]
Debt face amount			$ 65,000,000
Interest rate on notes			6.75%
Subordinated Debentures and Term Loans
Debt Instrument [Line Items]
Total Debt		$ 126,807,000		$ 112,161,000
Subordinated Debt \| First Merchant Capital Trust II
Debt Instrument [Line Items]
Debt face amount			$ 70,000,000				$ 56,702,000
Interest rate on notes		1.70%		1.87%	6.495%
Description of variable rate basis		three-month LIBOR
Basis spread on variable rate		1.56%
Junior Subordinated Debt \| CNBC Statutory Trust I
Debt Instrument [Line Items]
Debt face amount	$ 4,124,000							$ 4,124,000
Interest rate on notes								10.20%
The redemption price of the debt, percentage	104.59%
Senior Notes
Debt Instrument [Line Items]
Debt face amount						$ 79,000,000
Interest rate on notes						2.625%
Revolving Credit Facility \| Line of Credit \| Bank Of America, N.A.
Debt Instrument [Line Items]
Line of credit maximum borrowing capacity		$ 55,000,000	$ 55,000,000
Term Loan \| Line of Credit \| Bank Of America, N.A.
Debt Instrument [Line Items]
Line of credit maximum borrowing capacity		5,000,000
Amount due in the event of a default		$ 5,000,000
The default rate percentage (per annum) on debt instrument		3.00%
Subordinated Debt \| Line of Credit \| Bank Of America, N.A.
Debt Instrument [Line Items]
Line of credit maximum borrowing capacity		$ 50,000,000

Derivative Instruments and Hedging Activities - Fair Value of Derivative Financial Instruments and Their Classification on Balance Sheet (Detail) - Interest Rate Contract - USD ($) $ in Thousands	Dec. 31, 2013	Dec. 31, 2012
Designated as Hedging Instrument \| Other Assets
Derivatives, Fair Value [Line Items]
Asset derivatives	$ 1,162	$ 197
Designated as Hedging Instrument \| Other Liabilities
Derivatives, Fair Value [Line Items]
Liability derivatives	1,021	3,332
Not Designated as Hedging Instrument \| Other Assets
Derivatives, Fair Value [Line Items]
Asset derivatives	2,847	6,103
Not Designated as Hedging Instrument \| Other Liabilities
Derivatives, Fair Value [Line Items]
Liability derivatives	$ 2,932	$ 6,434

Derivative Instruments and Hedging Activities - Narrative (Detail) $ in Thousands	12 Months Ended
	Dec. 31, 2013 USD ($) InterestRateCap InterestRateSwap	Dec. 31, 2012 USD ($) InterestRateCap InterestRateSwap
Derivative [Line Items]
Termination value of derivatives in a net liability position	$ 2,736
Derivative collateral posted	2,751
Not Designated as Hedging Instrument
Derivative [Line Items]
Notional amount of interest rate derivatives	153,024
Cash Flow Hedging
Derivative [Line Items]
Estimated amount to be transferred from OCI to earnings	$ 1,368
Interest Rate Swap
Derivative [Line Items]
Number of Interest Rate Derivatives Held \| InterestRateSwap	5	2
Notional amount of interest rate derivatives	$ 56,000
Interest Rate Swap \| Cash Flow Hedging
Derivative [Line Items]
Notional amount of interest rate derivatives	26,000	$ 26,000
Interest Rate Swap \| Cash Flow Hedging \| Federal Home Loan Bank Advances
Derivative [Line Items]
Notional amount of interest rate derivatives	$ 30,000
Interest rate cap
Derivative [Line Items]
Number of Interest Rate Derivatives Held \| InterestRateCap	1	1
Notional amount of interest rate derivatives	$ 13,000
Interest rate cap \| Cash Flow Hedging
Derivative [Line Items]
Notional amount of interest rate derivatives	$ 13,000	$ 13,000

Derivative Instruments and Hedging Activities - Effect of Derivative Financial Instruments on Income Statement (Detail) - Not Designated as Hedging Instrument - Interest Rate Contract - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2013	Dec. 31, 2012	Dec. 31, 2011
Other Income
Derivative [Line Items]
Amount of Gain (Loss) Recognized Income on Derivative	$ 247	$ (79)	$ (94)
Cash Flow Hedging
Derivative [Line Items]
Amount of Loss Recognized in Other Comprehensive Income on Derivative (Effective Portion)	2,374	(1,466)
Cash Flow Hedging \| Interest Expense
Derivative [Line Items]
Amount of Loss Reclassified from Other Comprehensive Income Into Income (Effective Portion)	$ (935)	$ (217)

Fair Values of Financial Instruments - Narrative (Detail) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2013	Dec. 31, 2012
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Amortized Cost	$ 537,848	$ 498,104
Investment securities available for sale	536,201	$ 513,343
Significant Unobservable Inputs (Level 3)
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Other-than-temporary impairment ("OTTI") loss	1,400
Significant Unobservable Inputs (Level 3) \| Corporate Bonds and Notes
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Amortized Cost	6,400
Investment securities available for sale	2,700
Significant Unobservable Inputs (Level 3) \| Available for Sale Securities
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Transfer between Levels 1, 2 and 3	350
Significant Unobservable Inputs (Level 3) \| Held to Maturity Securities
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Transfer between Levels 1, 2 and 3	$ (16,784)

Fair Values of Financial Instruments - Fair Value Measurements of Assets and Liabilities Measured at Fair Value on Recurring Basis (Detail) - USD ($) $ in Thousands	Dec. 31, 2013	Dec. 31, 2012
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Investment securities available for sale	$ 536,201	$ 513,343
Significant Unobservable Inputs (Level 3) \| Corporate obligations
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Investment securities available for sale	2,700
Fair Value, Measurements, Recurring \| Fair Value \| Interest rate swap liability
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Liability derivatives	3,953	9,766
Fair Value, Measurements, Recurring \| Fair Value \| U.S. Treasury
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Investment securities available for sale	15,973
Fair Value, Measurements, Recurring \| Fair Value \| U.S. Government-sponsored agency securities
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Investment securities available for sale	3,545	4,640
Fair Value, Measurements, Recurring \| Fair Value \| State and municipal
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Investment securities available for sale	230,987	158,194
Fair Value, Measurements, Recurring \| Fair Value \| U.S. Government-sponsored mortgage-backed securities
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Investment securities available for sale	281,252	348,579
Fair Value, Measurements, Recurring \| Fair Value \| Corporate obligations
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Investment securities available for sale	2,738	224
Fair Value, Measurements, Recurring \| Fair Value \| Equity securities
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Investment securities available for sale	1,706	1,706
Fair Value, Measurements, Recurring \| Fair Value \| Interest rate swap asset
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Asset derivatives	3,619	6,103
Fair Value, Measurements, Recurring \| Fair Value \| Interest rate cap
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Asset derivatives	390	197
Fair Value, Measurements, Recurring \| Significant Other Observable Inputs (Level 2) \| Interest rate swap liability
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Liability derivatives	3,953	9,766
Fair Value, Measurements, Recurring \| Significant Other Observable Inputs (Level 2) \| U.S. Treasury
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Investment securities available for sale	15,973
Fair Value, Measurements, Recurring \| Significant Other Observable Inputs (Level 2) \| U.S. Government-sponsored agency securities
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Investment securities available for sale	3,545	4,640
Fair Value, Measurements, Recurring \| Significant Other Observable Inputs (Level 2) \| State and municipal
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Investment securities available for sale	223,752	140,094
Fair Value, Measurements, Recurring \| Significant Other Observable Inputs (Level 2) \| U.S. Government-sponsored mortgage-backed securities
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Investment securities available for sale	281,252	348,579
Fair Value, Measurements, Recurring \| Significant Other Observable Inputs (Level 2) \| Equity securities
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Investment securities available for sale	1,702	1,702
Fair Value, Measurements, Recurring \| Significant Other Observable Inputs (Level 2) \| Interest rate swap asset
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Asset derivatives	3,619	6,103
Fair Value, Measurements, Recurring \| Significant Other Observable Inputs (Level 2) \| Interest rate cap
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Asset derivatives	390	197
Fair Value, Measurements, Recurring \| Significant Unobservable Inputs (Level 3) \| State and municipal
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Investment securities available for sale	7,235	18,100
Fair Value, Measurements, Recurring \| Significant Unobservable Inputs (Level 3) \| Corporate obligations
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Investment securities available for sale	2,738	224
Fair Value, Measurements, Recurring \| Significant Unobservable Inputs (Level 3) \| Equity securities
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Investment securities available for sale	$ 4	$ 4

Fair Values of Financial Instruments - Reconciliation of Beginning and Ending Balances of Recurring Fair Value Measurements using Significant Unobservable Level 3 Inputs (Detail) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2013	Dec. 31, 2012
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation, Calculation [Roll Forward]
Purchases, issuances, and settlements
Fair Value, Measurements, Recurring \| Interest rate swap liability
Fair Value, Liabilities Measured on Recurring Basis, Unobservable Input Reconciliation, Calculation [Roll Forward]
Beginning Balance		7,797
Included in net income		(863)
Transfers in/(out) of Level 3		(6,934)
Ending balance
Fair Value, Measurements, Recurring \| Available for Sale Securities
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation, Calculation [Roll Forward]
Beginning Balance	18,328	20,838
Included in other comprehensive income	1,330	(1,141)
Purchases, issuances, and settlements	7,590
Transfers in/(out) of Level 3	(16,434)
Principal (payments)/additions	(837)	(1,369)
Ending balance	9,977	18,328
Fair Value, Measurements, Recurring \| Interest rate swap asset
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation, Calculation [Roll Forward]
Beginning Balance		5,241
Included in net income		(860)
Included in other comprehensive income		481
Transfers in/(out) of Level 3		(4,862)
Ending balance
Fair Value, Measurements, Recurring \| Interest rate cap
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation, Calculation [Roll Forward]
Beginning Balance		424
Included in other comprehensive income		(15)
Transfers in/(out) of Level 3		(409)
Ending balance

Fair Values of Financial Instruments - Transfer Between Levels 1, 2 and 3 and Reasons For Those Transfers (Detail) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2013	Dec. 31, 2012
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Reason for Transfer		The interest rate swap and cap instruments were transferred from Level 3 to Level 2 as of March 31, 2012 due to the availability of additional valuation information. These instruments are valued using widely accepted valuation techniques including discounted cash flow analysis using observable inputs such as contractual terms and LIBOR-based rate curves.
Available-for-sale securities
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Reason for Transfer	Selected state and municipal securities were transferred from Level 2 to Level 3 due to limited availability of similar securities in active markets
Held to Maturity Securities
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Reason for Transfer	Selected state and municipal securities were transferred from available for sale to held to maturity. These securities are valued at amortized cost and are no longer classified within the fair value hierarchy.
Significant Other Observable Inputs (Level 2) \| Interest rate swap liability
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Transfer between Levels 1, 2 and 3		$ 6,934
Significant Other Observable Inputs (Level 2) \| Available-for-sale securities
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Transfer between Levels 1, 2 and 3	$ (350)
Significant Other Observable Inputs (Level 2) \| Interest rate swap asset
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Transfer between Levels 1, 2 and 3		4,862
Significant Other Observable Inputs (Level 2) \| Interest rate cap
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Transfer between Levels 1, 2 and 3		409
Significant Unobservable Inputs (Level 3) \| Interest rate swap liability
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Transfer between Levels 1, 2 and 3		(6,934)
Significant Unobservable Inputs (Level 3) \| Available-for-sale securities
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Transfer between Levels 1, 2 and 3	350
Significant Unobservable Inputs (Level 3) \| Held to Maturity Securities
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Transfer between Levels 1, 2 and 3	$ (16,784)
Significant Unobservable Inputs (Level 3) \| Interest rate swap asset
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Transfer between Levels 1, 2 and 3		(4,862)
Significant Unobservable Inputs (Level 3) \| Interest rate cap
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Transfer between Levels 1, 2 and 3		$ (409)

Fair Values of Financial Instruments - Valuation Methodologies Used for Instruments Measured at Fair Value on Non-Recurring Basis (Detail) - Fair Value, Measurements, Nonrecurring - USD ($) $ in Thousands	Dec. 31, 2013	Dec. 31, 2012
Fair Value \| Impaired Loans (collateral dependent)
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Asset fair value	$ 12,117	$ 17,703
Fair Value \| Other real estate owned
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Asset fair value	6,877	7,684
Significant Unobservable Inputs (Level 3) \| Impaired Loans (collateral dependent)
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Asset fair value	12,117	17,703
Significant Unobservable Inputs (Level 3) \| Other real estate owned
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Asset fair value	$ 6,877	$ 7,684

Fair Values of Financial Instruments - Unobservable Inputs Used in Recurring and Nonrecurring Level 3 Fair Value Measurements Other Than Goodwill (Detail) $ in Thousands	12 Months Ended
	Dec. 31, 2013 USD ($)
Discounted Cash Flow \| State and municipal securities
Fair Value Measurements, Recurring and Nonrecurring, Valuation Techniques [Line Items]
Fair Value	$ 7,235
Discounted Cash Flow \| State and municipal securities \| Minimum
Fair Value Measurements, Recurring and Nonrecurring, Valuation Techniques [Line Items]
Maturity/Call date	1 month
Discount rate	1.00%
Discounted Cash Flow \| State and municipal securities \| Maximum
Fair Value Measurements, Recurring and Nonrecurring, Valuation Techniques [Line Items]
Maturity/Call date	15 years
Blend of US Muni BQ curve	BBB-
Discount rate	5.00%
Discounted Cash Flow \| Corporate Bonds and Notes
Fair Value Measurements, Recurring and Nonrecurring, Valuation Techniques [Line Items]
Fair Value	$ 2,742
Discounted Cash Flow \| 3 month libor \| Corporate Bonds and Notes
Fair Value Measurements, Recurring and Nonrecurring, Valuation Techniques [Line Items]
Premium for illiquidity	2.00%
Collateral Based Measurements \| Impaired loans (collateral dependent)
Fair Value Measurements, Recurring and Nonrecurring, Valuation Techniques [Line Items]
Fair Value	$ 12,117
Collateral Based Measurements \| Impaired loans (collateral dependent) \| Minimum
Fair Value Measurements, Recurring and Nonrecurring, Valuation Techniques [Line Items]
Discount to reflect current market conditions and ultimate collectability	0.00%
Collateral Based Measurements \| Impaired loans (collateral dependent) \| Maximum
Fair Value Measurements, Recurring and Nonrecurring, Valuation Techniques [Line Items]
Discount to reflect current market conditions and ultimate collectability	50.00%
Collateral Based Measurements \| Impaired loans (collateral dependent) \| Weighted Average
Fair Value Measurements, Recurring and Nonrecurring, Valuation Techniques [Line Items]
Discount to reflect current market conditions and ultimate collectability	3.00%
Appraisals \| Other real estate owned
Fair Value Measurements, Recurring and Nonrecurring, Valuation Techniques [Line Items]
Fair Value	$ 6,877
Appraisals \| Other real estate owned \| Minimum
Fair Value Measurements, Recurring and Nonrecurring, Valuation Techniques [Line Items]
Discount to reflect current market conditions	0.00%
Appraisals \| Other real estate owned \| Maximum
Fair Value Measurements, Recurring and Nonrecurring, Valuation Techniques [Line Items]
Discount to reflect current market conditions	20.00%
Appraisals \| Other real estate owned \| Weighted Average
Fair Value Measurements, Recurring and Nonrecurring, Valuation Techniques [Line Items]
Discount to reflect current market conditions	2.00%

Fair Values of Financial Instruments - Estimated Fair Values of Financial Instruments (Detail) - USD ($) $ in Thousands	Dec. 31, 2013	Dec. 31, 2012
Assets:
Investment securities available for sale	$ 536,201	$ 513,343
Investment securities held to maturity	560,847	378,174
Carrying Amount
Assets:
Cash and cash equivalents	109,434	101,460
Interest-bearing time deposits	55,069	38,443
Investment securities available for sale	536,201	513,343
Investment securities held to maturity	559,378	361,020
Mortgage loans held for sale	5,331	22,300
Loans	3,564,539	2,832,843
FRB and FHLB stock	38,990	32,785
Interest rate swap asset	4,009	6,300
Interest receivable	18,672	16,367
Liabilities:
Deposits	4,231,468	3,346,383
Borrowings:
Federal funds purchased	125,645	18,862
Securities sold under repurchase agreements	148,672	141,828
FHLB Advances	122,140	94,238
Subordinated debentures and term loans	126,807	112,161
Interest rate swap liability	3,953	9,766
Interest payable	1,771	1,841
Quoted Prices in Active Markets for Identical Assets (Level 1)
Assets:
Cash and cash equivalents	109,434	101,460
Interest-bearing time deposits	55,069	38,443
Liabilities:
Deposits	3,082,117	2,478,706
Significant Other Observable Inputs (Level 2)
Assets:
Investment securities available for sale	526,224	495,015
Investment securities held to maturity	525,998	366,590
Mortgage loans held for sale	5,331	22,300
FRB and FHLB stock	38,990	32,785
Interest rate swap asset	4,009	6,300
Interest receivable	18,672	16,367
Liabilities:
Deposits	934,937	865,793
Borrowings:
Federal funds purchased	125,645	18,862
Securities sold under repurchase agreements	148,852	142,318
FHLB Advances	122,962	97,357
Subordinated debentures and term loans	82,607	62,133
Interest rate swap liability	3,953	9,766
Interest payable	1,771	1,841
Significant Unobservable Inputs (Level 3)
Assets:
Investment securities available for sale	9,977	18,328
Investment securities held to maturity	34,849	11,584
Loans	$ 3,506,615	$ 2,852,614

Commitments and Contingent Liabilities (Details) - USD ($) $ in Thousands	Dec. 31, 2013	Dec. 31, 2012
Loan commitments to extend credit
Fair Value, Off-balance Sheet Risks, Disclosure Information [Line Items]
Amounts of commitments	$ 1,216,470	$ 873,455
Standby letters of credit
Fair Value, Off-balance Sheet Risks, Disclosure Information [Line Items]
Amounts of commitments	$ 41,508	$ 21,734

Stockholders' Equity (Details) - USD ($)						12 Months Ended
Stockholders' Equity (Details) - USD ($)	Nov. 22, 2013	Nov. 12, 2013	Jul. 02, 2013	Jan. 03, 2013	Sep. 22, 2011	Dec. 31, 2013	Dec. 31, 2012	Dec. 31, 2011	Dec. 31, 2010
Class of Stock [Line Items]
Total Stockholders' Equity						$ 634,923,000	$ 552,236,000	$ 514,467,000	$ 454,408,000
Stockholders' Equity restricted from dividend distribution						703,134,000
Dividend reinvestment and stock purchase plan, Stockholder's maximum amount of cash payments per quarter in purchase of common stock						2,500
Number of new stock issued during the period value								21,165,000
Price of preferred stock redeemed						491,000	$ 235,000	$ 126,000
Value of stock issued as a part of acquisition						$ 135,642,000
Merger with CFS Bancorp, Inc. (Citizens)
Class of Stock [Line Items]
Percentage of Interest Acquired		100.00%
Stock issued as a part of acquisition (in shares)		7,100,000
Value of stock issued as a part of acquisition		$ 135,642,000
Series B Preferred Stock
Class of Stock [Line Items]
Number of new stock issued during the period (shares)					90,782.94
Preferred Stock, liquidation value (in dollars per share)					$ 1,000
Number of new stock issued during the period value					$ 90,782,940
Preferred stock redeemed (in shares)	34,043		34,044	22,695.94
Price of preferred stock redeemed	$ 34,043,000		$ 34,044,000	$ 22,695,940
Preferred Stock, shares outstanding			34,043	68,087		0
Series B Preferred Stock remaining liquidation amount			$ 34,000,000	$ 68,000,000
Subsidiaries
Class of Stock [Line Items]
Amount Available for Dividend Distribution without Affecting Capital Adequacy Requirements						$ 40,982,000
Total Stockholders' Equity						$ 744,116,000
CFS Bancorp \| Merger with CFS Bancorp, Inc. (Citizens)
Class of Stock [Line Items]
Percentage of common stock received per shares owned through acquisition		0.65%

Accumulated Other Comprehensive Income (Loss) (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2013	Dec. 31, 2012	Dec. 31, 2011
Accumulated Other Comprehensive Income [Roll Forward]
AOCI - beginning balance	$ (5,499)	$ (3,602)
Other comprehensive income before reclassifications	(2,349)	(419)
Amounts reclassified from accumulated other comprehensive income	1,438	(1,478)
Other Comprehensive Income, net of tax	(911)	(1,897)	$ 6,555
AOCI - ending balance	(6,410)	(5,499)	(3,602)
Unrealized Gains (Losses) on Securities Available for Sale
Accumulated Other Comprehensive Income [Roll Forward]
AOCI - beginning balance	17,904	18,244
Other comprehensive income before reclassifications	(16,021)	1,214
Amounts reclassified from accumulated other comprehensive income	(317)	(1,554)
Other Comprehensive Income, net of tax	(16,338)	(340)
AOCI - ending balance	1,566	17,904	18,244
Unrealized Gains (Losses) on Securities Available for Sale for which a Portion of Other-Than-Temporary Impairment has been Recognized in Income
Accumulated Other Comprehensive Income [Roll Forward]
AOCI - beginning balance	(3,272)	(3,168)
Other comprehensive income before reclassifications	1,425	(104)
Amounts reclassified from accumulated other comprehensive income
Other Comprehensive Income, net of tax	1,425	(104)
AOCI - ending balance	(1,847)	(3,272)	(3,168)
Unrealized Gains (Losses) on Cash Flow Hedges
Accumulated Other Comprehensive Income [Roll Forward]
AOCI - beginning balance	(2,652)	(1,841)
Other comprehensive income before reclassifications	1,543	(952)
Amounts reclassified from accumulated other comprehensive income	608	141
Other Comprehensive Income, net of tax	2,151	(811)
AOCI - ending balance	(501)	(2,652)	(1,841)
Unrealized Gains (Losses) on Defined Benefit Plans
Accumulated Other Comprehensive Income [Roll Forward]
AOCI - beginning balance	(17,479)	(16,837)
Other comprehensive income before reclassifications	10,704	(577)
Amounts reclassified from accumulated other comprehensive income	1,147	(65)
Other Comprehensive Income, net of tax	11,851	(642)
AOCI - ending balance	$ (5,628)	$ (17,479)	$ (16,837)

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.

Reclassification Adjustments out of Accumulated Other Comprehensive Income [Line Items]

Accumulated Other Comprehensive Income (Loss) - Reclassifications (Loss) (Details) - USD ($)
$ in Thousands

3 Months Ended

12 Months Ended

Dec. 31, 2013

Sep. 30, 2013

Jun. 30, 2013

Mar. 31, 2013

Dec. 31, 2012

Sep. 30, 2012

Jun. 30, 2012

Mar. 31, 2012

Dec. 31, 2013

Dec. 31, 2012

Dec. 31, 2011

Interest expense - subordinated debentures and term loans

$ (3,531)

$ (5,213)

$ (9,892)

Other expenses - salaries and employee benefits

(85,413)

(79,398)

(74,735)

$ (3,187)

$ (2,667)

$ (4,155)

$ (4,668)

$ (3,153)

$ (3,926)

$ (3,288)

$ (5,500)

(14,677)

(15,867)

(8,655)

Amount Reclassified from Accumulated Other Comprehensive Income (Loss) for the Period

$ 11,447

$ 10,403

$ 10,815

$ 11,865

$ 10,310

$ 11,236

$ 9,205

$ 14,371

44,530

45,122

25,252

Reclassification Adjustments out of Accumulated Other Comprehensive Income [Line Items]

Amount Reclassified from Accumulated Other Comprehensive Income (Loss) for the Period | Unrealized gains (losses) on available for sale securities

(1,438)

1,478

1,749

Reclassification Adjustments out of Accumulated Other Comprehensive Income [Line Items]

Other income - net realized gains on sales of available for sale securities

^[1]

487

2,389

2,439

^[1]

(170)

(835)

(854)

Amount Reclassified from Accumulated Other Comprehensive Income (Loss) for the Period | Unrealized gains (losses) on cash flow hedges

^[1]

317

1,554

1,585

Reclassification Adjustments out of Accumulated Other Comprehensive Income [Line Items]

Interest expense - subordinated debentures and term loans

^[2]

(935)

(217)

^[2]

327

Amount Reclassified from Accumulated Other Comprehensive Income (Loss) for the Period | Unrealized gains (losses) on defined benefit plans

^[2]

(608)

(141)

Reclassification Adjustments out of Accumulated Other Comprehensive Income [Line Items]

Other expenses - salaries and employee benefits

(1,765)

100

252

618

(35)

(88)