Fair Value Measurements (Tables)

6 Months Ended

Jun. 30, 2013

Fair Value Disclosures [Abstract]

Schedule of assets and liabilities measured at fair value on recurring basis

The following table summarizes financial assets and financial liabilities measured at fair value on a recurring basis as of June 30, 2013 and December 31, 2012, segregated by the level of valuation inputs within the fair value hierarchy used to measure fair value.

Recurring Fair Value Measurements
June 30, 2013
(in thousands)	Total		(Level 1)		(Level 2)		(Level 3)
Trading securities
Obligations of U.S. Government sponsored entities	$	11,185	$	11,185	$	0	$	0
Mortgage-backed securities – residential U.S. Government sponsored entities		3,503		3,503		0		0
Available-for-sale securities
Obligations of U.S. Government sponsored entities		588,311		0		588,311		0
Obligations of U.S. states and political subdivisions		73,951		0		73,951		0
Mortgage-backed securities – residential, issued by:
U.S. Government agencies		144,293		0		144,293		0
U.S. Government sponsored entities		620,578		0		620,578		0
Non-U.S. Government agencies or sponsored entities		394		0		394		0
U.S. corporate debt securities		4,945		0		4,945		0
Equity securities		1,982		0		0		1,982
Borrowings
Other borrowings		11,424		0		11,424		0

The change in the fair value of the $1.9 million of available-for-sale securities valued using significant unobservable inputs (level 3), between January 1, 2013 and June 30, 2013 was immaterial.

Recurring Fair Value Measurements
December 31, 2012
(in thousands)	Total		(Level 1)		(Level 2)		(Level 3)
Trading securities
Obligations of U.S. Government sponsored entities	$	11,860	$	11,860	$	0	$	0
Mortgage-backed securities – residential U.S. Government sponsored entities		4,590		4,590		0		0
Available-for-sale securities
U.S. Treasury securities		1,004		1,004		0		0
Obligations of U.S. Government sponsored entities		593,778		0		593,778		0
Obligations of U.S. states and political subdivisions		79,056		0		79,056		0
Mortgage-backed securities – residential, issued by:
U.S. Government agencies		167,667		0		167,667		0
U.S. Government sponsored entities		540,355		0		540,355		0
Non-U.S. Government agencies or sponsored entities		4,354		0		4,354		0
U.S. corporate debt securities		5,083		0		5,083		0
Equity securities		2,043		0		985		1,058
Borrowings
Other borrowings		11,847		0		11,847		0

Schedule of assets and liabilities measured at fair value on non recurring basis

Non-Recurring Fair Value Measurements
Three months ended June 30, 2013
									Total gain (loss)
(In thousands)	Fair Value		(Level 1)		(Level 2)		(Level 3)
Collateral dependent impaired loans1	$	1,034	$	0	$	1,034	$	0	$	0
Other real estate owned2		1,331		0		1,331		0		(61	)

1 Collateral-dependent impaired loans held at June 30, 2013 that had write-downs in fair value or whose specific reserve changed during the second quarter 2013.

2 There were nine OREO properties held at June 30, 2013 that had a change in fair value measurements for the second quarter of 2013.

Non-Recurring Fair Value Measurements
Three months ended June 30, 2012
									Total gain (loss)
(In thousands)	Fair Value		(Level 1)		(Level 2)		(Level 3)
Collateral dependent impaired loans1	$	7,789	$	0	$	7,789	$	0	$	0
Other real estate owned2		2,163		0		2,163		0		(222	)

1 Collateral-dependent impaired loans held at June 30, 2012 that had write-downs in fair value or whose specific reserve changed during the second quarter 2012.

2 There were two OREO properties held at June 30, 2012 that had a change in fair value measurements for the second quarter of 2012.

Non-Recurring Fair Value Measurements
Six months ended June 30, 2013
									Total gain (loss)
(In thousands)	Fair Value		(Level 1)		(Level 2)		(Level 3)
Collateral dependent impaired loans1	$	4,994	$	0	$	4,994	$	0	$	0
Other real estate owned2		2,452		0		2,452		0		(190	)

1 Collateral-dependent impaired loans held at June 30, 2013 that had write-downs in fair value or whose specific reserve changed during the six months ended 2013.

2 There were twenty two OREO properties held at June 30, 2013 that had a change in fair value measurements for the six months ended 2013.

Non-Recurring Fair Value Measurements
Six months ended June 30, 2012
									Total gain (loss)
(In thousands)	Fair Value		(Level 1)		(Level 2)		(Level 3)
Collateral dependent impaired loans1	$	9,134	$	0	$	9,134	$	0	$	0
Other real estate owned2		2,163		0		2,163		0		(222	)

1 Collateral-dependent impaired loans held at June 30, 2012 that had write-downs in fair value or whose specific reserve changed during the six months ended 2012.

2 There were five OREO properties held at June 30, 2012 that had a change in fair value measurements for the six months ended 2012.

Schedule of carrying amount and fair value of financial instruments

The following table presents the carrying amounts and estimated fair values of the Company's financial instruments at June 30, 2013 and December 31, 2012. The carrying amounts shown in the table are included in the Consolidated Statements of Condition under the indicated captions.

Estimated Fair Value of Financial Instruments
June 30, 2013
(in thousands)	Carrying Amount		Fair Value		(Level 1)		(Level 2)		(Level 3)
Financial Assets:
Cash and cash equivalents	$	66,543	$	66,543	$	66,543	$	0	$	0
Securities - held to maturity		20,173		21,129		0		21,129		0
FHLB and FRB stock		26,039		26,039		0		26,039		0
Accrued interest receivable		17,031		17,031		0		17,031		0
Loans/leases, net1		3,029,725		3,035,038		0		4,994		3,030,044
Financial Liabilities:
Time deposits	$	937,775	$	943,732	$	0	$	943,732	$	0
Other deposits		2,975,135		2,975,135		0		2,975,135		0
Fed funds purchased and securities sold under agreements to repurchase		171,498		178,320		0		178,320		0
Other borrowings		287,674		294,897		0		294,897		0
Accrued interest payable		2,915		2,915		0		2,915		0
Trust preferred debentures		43,703		47,879		0		47,879		0

Estimated Fair Value of Financial Instruments
December 31, 2012
(in thousands)	Carrying Amount		Fair Value		(Level 1)		(Level 2)		(Level 3)
Financial Assets:
Cash and cash equivalents	$	118,930	$	118,930	$	118,930	$	0	$	0
Securities - held to maturity		24,062		25,163		0		25,163		0
FHLB and FRB stock		19,388		19,388		0		19,388		0
Accrued interest receivable		17,516		17,516		0		17,516		0
Loans/leases, net1		2,929,967		3,047,833		0		9,134		3,038,699
Financial Liabilities:
Time deposits	$	973,883	$	984,435	$	0	$	984,435	$	0
Other deposits		2,976,286		2,976,286		0		2,976,286		0
Fed funds purchased and securities sold under agreements to repurchase		213,973		222,873		0		222,873		0
Other borrowings		100,001		111,203		0		111,203		0
Accrued interest payable		3,067		3,067		0		3,067		0
Trust preferred debentures		43,668		49,421		0		49,421		0

1 Lease receivables, although excluded from the scope of ASC Topic 825, are included in the estimated fair value amounts at their carrying value.