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FAIR VALUE MEASUREMENTS (Tables)

3 Months Ended

Mar. 31, 2013

Summary of assets and financial liabilities measured at fair value on a recurring basis segregated by the level of the valuation inputs within the fair value hierarchy utilized to measure fair value

	March 31, 2013
	Level 1		Level 2		Level 3		Total
(In thousands)	Inputs		Inputs		Inputs		Fair Value

Trading account security	$	—	$	—	$	16,485	$	16,485
Available-for-sale securities:
Municipal bonds and obligations	—		85,459		—		85,459
Governmentguaranteed residential mortgage-backed securities	—		43,640		—		43,640
Government-sponsored residential mortgage-backed securities	—		339,305		—		339,305
Corporate bonds	—		36,216		—		36,216
Trust preferred securities	—		17,479		898		18,377
Other bonds and obligations	—		3,382		—		3,382
Marketable equity securities	31,130		596		770		32,496
Loans held for sale	—		72,348		—		72,348
Derivative assets (1)	—		13,269		2,758		16,027
Derivative liabilities (2)	33		26,562		517		27,112

	December 31, 2012
	Level 1		Level 2		Level 3		Total
(In thousands)	Inputs		Inputs		Inputs		Fair Value

Trading account security	$	—	$	—	$	16,893	$	16,893
Available-for-sale securities:
Municipal bonds and obligations	—		84,757		—		84,757
Government guaranteed residential mortgage-backed securities	—		43,091		—		43,091
Government-sponsored residential mortgage-backed securities	—		278,593		—		278,593
Corporate bonds	—		10,007		—		10,007
Trust preferred securities	—		20,072		885		20,957
Other bonds and obligations	—		3,472		—		3,472
Marketable equity securities	25,291		—		—		25,291
Loans Held for Sale	—		85,368		—		85,368
Derivative assets (1)	—		14,746		6,258		21,004
Derivative liabilities (2)	282		29,818		1,055		31,155

(1) Total fair value excludes $0.5 million and 1.3 million of unrealized losses as of March 31, 2013 and December 31, 2012, respectively, on forward commitments presented under other assets on the consolidated balance sheet.

(2) Total fair value includes $0.5 million and 1.3 million of unrealized losses as of March 31, 2013 and December 31, 2012, respectively, on forward commitments presented under other assets on the consolidated balance sheet.

Schedule of loans held for sale

					Aggregate Fair Value
March 31, 2013	Aggregate		Aggregate		Less Aggregate
(In thousands)	Fair Value		Unpaid Principal		Unpaid Principal
Loans Held for Sale	$	72,348	$	70,577	$	1,771

					Aggregate Fair Value
December 31, 2012	Aggregate		Aggregate		Less Aggregate
(In thousands)	Fair Value		Unpaid Principal		Unpaid Principal
Loans Held for Sale	$	85,368	$	82,560	$	2,808

Schedule of changes in level 3 assets and liabilities that were measured at fair value on a recurring basis

	Assets									Liabilities
	Trading			Securities			Interest Rate
	Account			Available			Lock			Forward
(In thousands)	Security			for Sale			Commitments			Commitments

Balance as of December 31, 2012	$	16,893		$	885		$	6,258		$	(1,055	)

Purchase of Marketable Equity Security	—			770			—			—
Unrealized (loss) gain recognized in other non-interest income	(280		)	—			3,998			538
Unrealized gain included in accumulated other comprehensive loss	—			13			—			—
Paydown of trading account security	(128		)	—			—			—
Cash settlements	—			—			—			—
Transfers to held for sale loans	—			—			(7,498		)	—
Balance as of March 31, 2013	$	16,485		$	1,668		$	2,758		$	(517	)

Unrealized gains (losses) relating to instruments still held at March 31, 2013	$	3,004		$	(1,704	)	$	2,758		$	(517	)

	Assets								Liabilities
	Trading			Securities			Interest Rate
	Account			Available			Lock		Forward
(In thousands)	Security			for Sale			Commitments		Commitments

Balance as of December 31, 2011	$	17,395		$	544		$	—	$	—

Unrealized gain recognized in other non-interest income	(428		)	—			—		—
Unrealized loss included in accumulated other comprehensive loss	—			—			—		—
Paydown of trading account security	(120		)	—			—		—
Balance as of March 31, 2012	$	16,847		$	544		$	—	$	—

Unrealized gains (losses) relating to instruments still held at March 31, 2012	$	2,871		$	(2,055	)	$	—	$	—

Summary of applicable non-recurring fair value measurements

	March 31, 2013		December 31, 2012		Three months ended March 31, 2013
	Level 3		Level 3		Total
(In thousands)	Inputs		Inputs		Gains (Losses)
Assets
Impaired loans	$	6,864	$	6,104	$	(760	)
Capitalized mortgage servicing rights	3,617		3,198		324
Other real estate owned	2,513		1,929		115

Total	$	12,994	$	11,231	$	(321	)

Summary of estimated fair values, and related carrying amounts, of financial instruments

	March 31, 2013
	Carrying		Fair
(In thousands)	Amount		Value		Level 1		Level 2		Level 3

Financial Assets

Cash and cash equivalents	$	53,683	$	53,683	$	53,683	$	—	$	—
Trading security	16,485		16,485		—		—		16,485
Securities available for sale	558,875		558,875		31,130		526,077		1,668
Securities held to maturity	50,472		51,634		—		—		51,634
Restricted equity securities	37,870		37,870		—		37,870		—
Net loans	3,855,809		3,917,205		—		—		3,917,205
Loans held for sale	72,348		72,348		—		72,348		—
Accrued interest receivable	12,368		12,368		—		12,368		—
Cash surrender value of bank-owned life insurance policies	88,893		88,893		—		88,893		—
Derivative assets (1)	16,027		16,027		—		13,269		2,758

Financial Liabilities

Total deposits	$	4,100,591	$	4,110,772	$	—	$	4,110,772	$	—
Short-term debt	114,390		114,644		—		114,644		—
Long-term Federal Home Loan Bank advances	195,208		198,591		—		198,591		—
Subordinated notes	89,632		88,589		—		88,589		—
Derivative liabilities (2)	27,112		27,112		33		26,562		517

	December 31, 2012
	Carrying		Fair
(In thousands)	Amount		Value		Level 1		Level 2		Level 3

Financial Assets

Cash and cash equivalents	$	63,382	$	63,382	$	63,382	$	—	$	—
Trading security	16,893		16,893		—		—		16,893
Securities available for sale	466,169		466,169		25,291		439,993		885
Securities held to maturity	51,024		51,024		—		—		51,024
Restricted equity securities	39,785		39,785		—		39,785		—
Net loans	3,955,446		4,004,259		—		—		4,044,259
Loans held for sale	85,368		85,368		—		85,368		—
Accrued interest receivable	14,731		14,731		—		14,731		—
Cash surrender value of bank-owned life insurance policies	88,198		88,198		—		88,198		—
Derivative assets (1)	21,004		21,004		—		14,746		6,258

Financial Liabilities

Total deposits	$	4,104,402	$	4,116,999	$	—	$	4,116,999	$	—
Short-term debt	163,150		163,150		—		163,150		—
Long-term Federal Home Loan Bank advances	195,321		199,420		—		199,420		—
Subordinated notes	89,617		73,967		—		73,967		—
Derivative liabilities (2)	31,155		31,155		282		29,818		1,055

Recurring

Quantitative information about the significant unobservable inputs within Level 3

Schedule of quantitative information about the significant unobservable inputs within Level 3

	Fair Value				Significant Unobservable
(In thousands)	March 31, 2013		Valuation Techniques	Unobservable Inputs	Input Value
Assets
Trading Account Security	$	16,485	Discounted Cash Flow	Discount Rate	2.46	%

Interest Rate Lock Commitment	2,758		Historical Trend	Closing Ratio	91.98	%
			Pricing Model	Origination Costs	2,500

Total	$	19,243

	Fair Value				Significant Unobservable
(In thousands)	December 31, 2012		Valuation Techniques	Unobservable Inputs	Input Value
Assets
Trading Account Security	$	16,893	Discounted Cash Flow	Discount Rate	2.08	%

Interest Rate Lock Commitment	6,258		Historical Trend	Closing Ratio	93.04	%
			Pricing Model	Origination Costs	2,500

Total	$	23,151

Non-recurring

Quantitative information about the significant unobservable inputs within Level 3

Schedule of quantitative information about the significant unobservable inputs within Level 3

	Fair Value				Range (Weighted
(in thousands)	March 31, 2013		Valuation Techniques	Unobservable Inputs	Average) (a)
Assets
Impaired loans	$	6,864	Fair value of collateral	Loss severity	9.18% to 50.0% (25.57%)
				Appraised value	$130.0 to $1,950.0 ($887.0)

Capitaized mortgage servicing rights	3,617		Discounted cash flow	Constant prepayment rate (CPR)	11.49% to 20.42% (15.09%)
				Discount rate	11.00% to 15.50% (11.23%)

Other real estate owned	2,513		Fair value of collateral	Appraised value	$0 to $1,000.0 ($414.1)

Total	$	12,994

	Fair Value
(in thousands)	Decemeber 31, 2012		Valuation Techniques	Unobservable Inputs	Range (Weighted Average) (a)
Assets
Impaired loans	$	6,104	Fair value of collateral	Loss severity	5.24% to 100.0% (42.79%)
				Appraised value	$15.7 to $1,584.0 ($863.8)

Capitaized mortgage servicing rights	3,198		Discounted cash flow	Constant prepayment rate (CPR)	13.25% to 26.02% (18.41%)
				Discount rate	11.00% to 15.50% (11.14%)

Other real estate owned	1,929		Fair value of collateral	Appraised value	$0 to $1,000.0 ($457.1)

Total	$	11,231

(a) Where dollar amounts are disclosed, the amounts represent the lowest and highest fair value of the respective assets in the population except for adjustments for market/property conditions, which represents the range of adjustments to individuals properties.

- Definition

Tabular disclosure of assets and liabilities by class, including financial instruments measured at fair value that are classified in shareholders' equity, if any, that are measured at fair value on a nonrecurring basis in periods after initial recognition (for example, impaired assets). Disclosures may include, but are not limited to: (a) the fair value measurements recorded and the reasons for the measurements and (b) the level within the fair value hierarchy in which the fair value measurements are categorized in their entirety (levels 1, 2, 3).

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- Definition

Tabular disclosure of the fair value of financial instruments (as defined), including financial assets and financial liabilities (collectively, as defined), and the measurements of those instruments, assets, and liabilities. Such certain disclosures about the financial instruments, assets, and liabilities include: (1) the fair value of the required items together with their carrying amounts (as appropriate) and (2) the methodology and assumptions used in developing such estimates of fair value.

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- Definition

Tabular disclosure of the application of the fair value option for measurement and reporting of eligible financial assets and liabilities (as defined), as well as certain other eligible items (as defined) included in the statement of financial position, whether such option is elected for a single eligible item or a group of similar eligible items and is in addition to other disclosures concerning fair value which the company may be required to provide. Such disclosure might be expected to include: (1) for items included in the statement of financial position: (a) for each line item in the statement of financial position that includes an item or items for which the fair value option has been elected, provide the aggregate carrying amount of ineligible items included in each line item in the balance sheet, if any; (b) the difference between the aggregate fair value and the aggregate unpaid principal balance (assuming contractual principal amounts and fair value option elected) of: (i) loans and long-term receivables (other than securities otherwise reported at fair value) and (ii) long-term debt instruments; (c) for loans held as assets for which the fair value option has been elected: (i) the aggregate fair value of loans that are 90 days or more past due, (ii) if the policy is to recognize interest income separately from other changes in fair value, the aggregate fair value of loans in nonaccrual status, and (iii) the difference between the aggregate fair value and the aggregate unpaid principal balance for loans that are 90 days or more past due, in nonaccrual status, or both; (2) for items included in the income statement: (a) the amounts of gains and losses from fair value changes included in earnings and in which line in the income statement those gains and losses are reported whether or not combined with gains and losses from items required to be accounted for at fair value; (b) for loans and other receivables held as assets, the estimated amount of gains or losses included in earnings attributable to changes in instrument-specific credit risk; (c) for liabilities with fair values that have been significantly affected during the reporting period by changes in the instrument-specific credit risk, the estimated amount of gains and losses from fair value changes included in earnings that are attributable to changes in the instrument-specific credit risk; and (3) certain other disclosures as required or determined to be provided.

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