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Fair Value (Tables)
12 Months Ended
Dec. 31, 2016
Fair Value Disclosures [Abstract]  
Schedule Of Assets And Liabilities Measured At Fair Value By Class On A Recurring Basis
(In thousands)
December 31, 2016
 
Level 1
 
Level 2
 
Level 3
 
Total
ASSETS
 
 
 
 
 
 
 
Investment securities:
 
 
 
 
 
 
 
Available-for-sale:
 
 
 
 
 
 
 
U.S. Treasury, agencies and corporations
$

 
$
12,009,676

 
$

 
$
12,009,676

Municipal securities
 
 
1,154,210

 


 
1,154,210

Other debt securities
 
 
23,892

 


 
23,892

Money market mutual funds and other
183,699

 
717

 
 
 
184,416

 
183,699

 
13,188,495

 

 
13,372,194

Trading account
 
 
114,803

 
 
 
114,803

Other noninterest-bearing investments:
 
 
 
 
 
 
 
Bank-owned life insurance
 
 
497,466

 
 
 
497,466

Private equity investments
 
 


 
128,654

 
128,654

Other assets:
 
 
 
 
 
 
 
Agriculture loan servicing and interest-only strips
 
 
 
 
20,248

 
20,248

Deferred compensation plan assets
91,040

 
 
 
 
 
91,040

Derivatives:
 
 
 
 
 
 
 
Interest rate related and other
 
 
4,165

 
 
 
4,165

Interest rate swaps for customers
 
 
48,754

 
 
 
48,754

Foreign currency exchange contracts
11,276

 
 
 
 
 
11,276

 
11,276

 
52,919

 

 
64,195

 
$
286,015

 
$
13,853,683

 
$
148,902

 
$
14,288,600

LIABILITIES
 
 
 
 
 
 
 
Securities sold, not yet purchased
$
25,321

 
$

 
$

 
$
25,321

Other liabilities:
 
 
 
 
 
 
 
Deferred compensation plan obligations
91,040

 
 
 
 
 
91,040

Derivatives:
 
 
 
 
 
 
 
Interest rate related and other
 
 
1,499

 
 
 
1,499

Interest rate swaps for customers
 
 
49,050

 
 
 
49,050

Foreign currency exchange contracts
8,672

 
 
 
 
 
8,672

 
8,672

 
50,549

 

 
59,221

 
$
125,033

 
$
50,549

 
$

 
$
175,582

(In thousands)
December 31, 2015
 
Level 1
 
Level 2
 
Level 3
 
Total
ASSETS
 
 
 
 
 
 
 
Investment securities:
 
 
 
 
 
 
 
Available-for-sale:
 
 
 
 
 
 
 
U.S. Treasury, agencies and corporations
$

 
$
7,100,844

 
$

 
$
7,100,844

Municipal securities
 
 
418,695

 


 
418,695

Other debt securities
 
 
22,941

 


 
22,941

Money market mutual funds and other
61,807

 
38,829

 
 
 
100,636

 
61,807

 
7,581,309

 

 
7,643,116

Trading account
 
 
48,168

 
 
 
48,168

Other noninterest-bearing investments:
 
 
 
 
 
 
 
Bank-owned life insurance
 
 
485,978

 
 
 
485,978

Private equity investments
 
 


 
120,027

 
120,027

Other assets:
 
 
 
 
 
 


Agriculture loan servicing and interest-only strips
 
 
 
 
13,514

 
13,514

Deferred compensation plan assets
84,570

 
 
 
 
 
84,570

Derivatives:
 
 
 
 
 
 
 
Interest rate related and other
 
 
5,966

 
 
 
5,966

Interest rate swaps for customers
 
 
51,353

 
 
 
51,353

Foreign currency exchange contracts
20,824

 
 
 
 
 
20,824

 
20,824

 
57,319

 

 
78,143

 
$
167,201

 
$
8,172,774

 
$
133,541

 
$
8,473,516

LIABILITIES
 
 
 
 
 
 
 
Securities sold, not yet purchased
$
30,158

 
$

 
$

 
$
30,158

Other liabilities:
 
 
 
 
 
 


Deferred compensation plan obligations
84,570

 
 
 
 
 
84,570

Derivatives:
 
 
 
 
 
 
 
Interest rate related and other
 
 
835

 
 
 
835

Interest rate swaps for customers
 
 
53,843

 
 
 
53,843

Foreign currency exchange contracts
17,761

 
 
 
 
 
17,761

 
17,761

 
54,678

 

 
72,439

 
$
132,489

 
$
54,678

 
$

 
$
187,167

Schedule Of Assets And Liabilities Measured At Fair Value By Class On A Recurring Basis Using Level 3 Inputs
 
Level 3 Instruments
 
Year Ended December 31, 2016
(In thousands)
Municipal
securities
 
Trust 
preferred – banks and insurance
 
Other
 
Private
equity
investments
 
Ag loan svcg and int-only strips
 
Derivatives
and other
liabilities
 
 
 
 
 
 
 
 
 
 
 
 
Balance at December 31, 2015
$

 
$

 
$

 
$
120,027

 
$
13,514

 
$

Total net gains (losses) included in:
 
 
 
 
 
 
 
 
 
 
 
Statement of income:
 
 
 
 
 
 
 
 
 
 
 
Dividends and other investment loss
 
 
 
 
 
 
(1,340
)
 
 
 
 
Equity securities gains, net
 
 
 
 
 
 
5,325

 
 
 
 
Other noninterest income
 
 
 
 
 
 
 
 
7,549

 
 
Purchases
 
 

 
 
 
19,174

 
368

 
 
Sales

 

 

 
(3,673
)
 
 
 
 
Redemptions and paydowns


 


 


 
(10,859
)
 
(1,183
)
 


Balance at December 31, 2016
$

 
$


$


$
128,654


$
20,248


$


 
Level 3 Instruments
 
Year Ended December 31, 2015
(In thousands)
Municipal
securities
 
Trust 
preferred – banks and insurance
 
Other
 
Private
equity
investments
 
Ag loan svcg and int-only strips
 
Derivatives
and other
liabilities
 
 
 
 
 
 
 
 
 
 
 
 
Balance at December 31, 2014
$
4,164

 
$
393,007

 
$
4,761

 
$
97,649

 
$
12,227

 
$
(12
)
Total net gains (losses) included in:
 
 
 
 
 
 
 
 
 
 
 
Statement of income:
 
 
 
 
 
 
 
 
 
 
 
Accretion of purchase discount on securities available-for-sale
3

 
471

 


 
 
 
 
 
 
Dividends and other investment loss
 
 
 
 
 
 
(3,657
)
 
 
 
 
Equity securities gains, net
 
 
 
 
 
 
7,270

 
 
 
 
Fixed income securities losses, net
(344
)
 
(136,691
)
 
(606
)
 
 
 
 
 
 
Other noninterest income
 
 
 
 
 
 
 
 
1,480

 
 
Other noninterest expense
 
 
 
 
 
 
 
 
 
 
12

Other comprehensive income (loss)
687

 
141,547

 
(74
)
 
 
 
 
 
 
Fair Value of HTM securities reclassified as AFS
 
 
57,308

 
 
 
 
 
 
 
 
Purchases
 
 
 
 
 
 
24,898

 
993

 
 
Sales
(2,651
)
 
(440,055
)
 
(4,081
)
 
(4,107
)
 
 
 
 
Redemptions and paydowns
(1,859
)
 
(15,587
)
 


 
(2,026
)
 
(1,186
)
 

Balance at December 31, 2015
$


$


$


$
120,027


$
13,514


$

1 
Real Estate Investment Trust
Schedule Of Realized Gains (Losses) Using Level 3 Inputs
(In thousands)
Year Ended
December 31,
2016
 
2015
 
 
 
 
Dividends and other investment loss
$

 
$
(2
)
Equity securities gains (losses), net
5,727

 
(11,311
)
Fixed income securities losses, net

 
(137,641
)
Schedule Of Assets With Fair Value Changes On Nonrecurring Basis
(In thousands)
Fair value at December 31, 2016
 
Gains (losses) from
fair value changes Year Ended December 31, 2016
Level 1
 
Level 2
 
Level 3
 
Total
 
ASSETS
 
 
 
 
 
 
 
 
 
Private equity investments, carried at cost
$

 
$

 
$
1,297

 
$
1,297

 
$
(522
)
Impaired loans

 
51,842

 

 
51,842

 
(36,276
)
Other real estate owned

 
871

 

 
871

 
(1,871
)
 
$

 
$
52,713

 
$
1,297

 
$
54,010

 
$
(38,669
)

(In thousands)
Fair value at December 31, 2015
 
Gains (losses) from
fair value changes Year Ended December 31, 2016
Level 1
 
Level 2
 
Level 3
 
Total
 
ASSETS
 
 
 
 
 
 
 
 
 
Private equity investments, carried at cost
$

 
$

 
$
10,707

 
$
10,707

 
$
(5,119
)
Impaired loans

 
10,991

 

 
10,991

 
(12,039
)
Other real estate owned

 
2,388

 

 
2,388

 
(2,467
)
 
$

 
$
13,379

 
$
10,707

 
$
24,086

 
$
(19,625
)
Schedule Of Carrying Values And Estimated Fair Values Of Financial Instruments
 
 
December 31, 2016
(In thousands)
 
 
 
 
 
 
 
Gross amounts not offset in the balance sheet
 
 
Description
 
Gross amounts recognized
 
Gross amounts offset in the balance sheet
 
Net amounts presented in the balance sheet
 
Financial instruments
 
Cash collateral received/pledged
 
Net amount
Assets:
 
 
 
 
 
 
 
 
 
 
 
 
Federal funds sold and security resell agreements
 
$
568,334

 
$

 
$
568,334

 
$

 
$

 
$
568,334

Derivatives (included in other assets)
 
64,195

 

 
64,195

 
(17,118
)
 
(162
)
 
46,915

 
 
$
632,529

 
$

 
$
632,529

 
$
(17,118
)
 
$
(162
)
 
$
615,249

Liabilities:
 
 
 
 
 
 
 
 
 
 
 
 
Federal funds and other short-term borrowings
 
$
827,269

 
$

 
$
827,269

 
$

 
$

 
$
827,269

Derivatives (included in other liabilities)
 
59,221

 

 
59,221

 
(17,118
)
 
(16,570
)
 
25,533

 
 
$
886,490

 
$

 
$
886,490

 
$
(17,118
)

$
(16,570
)

$
852,802

 
 
December 31, 2015
(In thousands)
 
 
 
 
 
 
 
Gross amounts not offset in the balance sheet
 
 
Description
 
Gross amounts recognized
 
Gross amounts offset in the balance sheet
 
Net amounts presented in the balance sheet
 
Financial instruments
 
Cash collateral received/pledged
 
Net amount
Assets:
 
 
 
 
 
 
 
 
 
 
 
 
Federal funds sold and security resell agreements
 
$
619,758

 
$

 
$
619,758

 
$

 
$

 
$
619,758

Derivatives (included in other assets)
 
77,638

 

 
77,638

 
(6,990
)
 

 
70,648

 
 
$
697,396

 
$

 
$
697,396

 
$
(6,990
)
 
$

 
$
690,406

Liabilities:
 
 
 
 
 
 
 
 
 
 
 
 
Federal funds and other short-term borrowings
 
$
346,987

 
$

 
$
346,987

 
$

 
$

 
$
346,987

Derivatives (included in other liabilities)
 
72,568

 

 
72,568

 
(6,990
)
 
(60,923
)
 
4,655

 
 
$
419,555

 
$

 
$
419,555

 
$
(6,990
)
 
$
(60,923
)
 
$
351,642

 
December 31, 2016
 
December 31, 2015
(In thousands)
Carrying
value
 
Estimated
fair value
 
Level
 
Carrying
value
 
Estimated
fair value
 
Level
Financial assets:
 
 
 
 
 
 
 
 
 
 
 
HTM investment securities
$
867,904

 
$
850,473

 
2
 
$
545,648

 
$
552,088

 
2
Loans and leases (including loans held for sale), net of allowance
42,253,677

 
42,110,544

 
3
 
40,193,374

 
39,535,365

 
3
Financial liabilities:
 
 
 
 
 
 
 
 
 
 
 
Time deposits
2,756,810

 
2,743,885

 
2
 
2,130,680

 
2,129,742

 
2
Foreign deposits

 

 
2
 
294,391

 
294,321

 
2
Other short-term borrowings
500,000

 
500,000

 
2
 

 

 
2
Long-term debt (less fair value hedges)
534,850

 
551,881

 
2
 
812,366

 
838,796

 
2