FAIR VALUE MEASUREMENTS (Tables)

12 Months Ended

Dec. 31, 2014

Quantitative information about the significant unobservable inputs within Level 3

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

	December 31, 2014
	Level 1		Level 2		Level 3		Total
(In thousands)	Inputs		Inputs		Inputs		Fair Value

Trading security	$	—	$	—	$	14,909	$	14,909
Available-for-sale securities:
Municipal bonds and obligations	—		133,699		—		133,699
Government guaranteed residential mortgage-backed securities	—		69,468		—		69,468
Government-sponsored residential mortgage-backed securities	—		760,184		—		760,184
Corporate bonds	—		54,151		—		54,151
Trust preferred securities	—		14,667		1,548		16,215
Other bonds and obligations	—		3,159		—		3,159
Marketable equity securities	53,806		358		778		54,942
Loans held for sale	—		19,493		—		19,493
Derivative assets	—		12,328		625		12,953
Derivative liabilities	417		18,259		93		18,769

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

Trading security	$	—	$	—	$	14,840	$	14,840
Available-for-sale securities:
Municipal bonds and obligations	—		77,671		—		77,671
Government guaranteed residential mortgage-backed securities	—		78,771		—		78,771
Government-sponsored residential mortgage-backed securities	—		522,658		—		522,658
Corporate bonds	—		39,280		—		39,280
Trust preferred securities	—		15,372		1,239		16,611
Other bonds and obligations	—		3,084		—		3,084
Marketable equity securities	20,891		357		725		21,973
Loans held for sale	—		15,840		—		15,840
Derivative assets	242		7,799		277		8,318
Derivative liabilities	—		11,964		—		11,964

Schedule of loans held for sale

					Aggregate Fair Value
	Aggregate		Aggregate		Less Aggregate
December 31, 2014 (In thousands)	Fair Value		Unpaid Principal		Unpaid Principal
Loans Held for Sale	$	19,493	$	18,885	$	608

					Aggregate Fair Value
	Aggregate		Aggregate		Less Aggregate
December 31, 2013 (In thousands)	Fair Value		Unpaid Principal		Unpaid Principal
Loans Held for Sale	$	15,840	$	15,641	$	199

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

	Assets (Liabilities)
				Securities			Interest Rate
	Trading			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, net recognized in other non-interest income	(1,539		)	—			8,722			1,074
Unrealized gain included in accumulated other comprehensive loss	—			309			—			—
Paydown of trading security	(514		)	—			—			—
Transfers to held for sale loans	—			—			(14,722		)	—
Balance as of December 31, 2013	$	14,840		$	1,964		$	258		$	19
Purchase of marketable equity security	—			—			—			—
Unrealized (loss) gain, net recognized in other non-interest income	610			—			3,804			(112		)
Unrealized gain included in accumulated other comprehensive loss	—			362			—			—
Paydown of trading security	(541		)	—			—			—
Transfers to held for sale loans	—			—			(3,437		)	—
Balance as of December 31, 2014	$	14,909		$	2,326		$	625		$	(93	)

Unrealized gains (losses) relating to instruments still held at December 31, 2014	$	2,355		$	(999	)	$	625		$	(93	)
Unrealized gains (losses) relating to instruments still held at December 31, 2013	$	1,745		$	(1,410	)	$	258		$	19

Summary of applicable non-recurring fair value measurements

	December 31, 2014		Year ended December 31, 2014
	Level 3		Total
(In thousands)	Inputs		Losses (Gains)
Assets
Impaired loans	$	5,820	$	278
Capitalized mortgage servicing rights	3,757		—
Other real estate owned	2,049		231

Total	$	11,626	$	509

	December 31, 2013		Year ended December 31, 2013
	Level 3		Total
(In thousands)	Inputs		Losses
Assets
Impaired loans	$	5,542	$	(562	)
Capitalized mortgage servicing rights	4,112		(773		)
Other real estate owned	2,995		2

Total	$	12,649	$	(1,333	)

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

	December 31, 2014
	Carrying		Fair
(In thousands)	Amount		Value		Level 1		Level 2		Level 3

Financial Assets

Cash and cash equivalents	$	71,754	$	71,754	$	71,754	$	—	$	—
Trading security	14,909		14,909		—		—		14,909
Securities available for sale	1,091,818		1,091,818		53,806		1,035,686		2,326
Securities held to maturity	43,347		44,997		—		—		44,997
Restricted equity securities	55,720		55,720		—		55,720		—
Net loans	4,644,938		4,695,256		—		—		4,695,256
Loans held for sale	19,493		19,493		—		19,493		—
Accrued interest receivable	17,274		17,274		—		17,274		—
Cash surrender value of bank-owned life insurance policies	104,588		104,588		—		104,588		—
Derivative assets	12,953		12,953		—		12,328		625
Assets held for sale	1,280		1,280		—		1,280		—

Financial Liabilities

Total deposits	4,654,679		4,655,234		—		4,655,234		—
Short-term debt	900,900		900,983		—		900,983		—
Long-term Federal Home Loan Bank advances	61,676		63,283		—		63,283		—
Subordinated notes	89,747		93,441		—		93,441		—
Derivative liabilities	18,769		18,769		417		18,259		93
Liabilities held for sale	—		—		—		—		—

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

Financial Assets

Cash and cash equivalents	$	75,539	$	75,539	$	75,539	$	—	$	—
Trading security	14,840		14,840		—		—		14,840
Securities available for sale	760,048		760,048		20,891		737,193		1,964
Securities held to maturity	44,921		45,764		—		—		45,764
Restricted equity securities	50,282		50,282		—		50,282		—
Net loans	4,147,200		4,154,663		—		—		4,154,663
Loans held for sale	15,840		15,840		—		15,840		—
Accrued interest receivable	15,072		15,072		—		15,072		—
Cash surrender value of bank-owned life insurance policies	101,530		101,530		—		101,530		—
Derivative assets	8,318		8,318		242		7,799		277
Assets held for sale	3,969		3,969		—		3,969		—

Financial Liabilities

Total deposits	$	3,848,529	$	3,848,926	$	—	$	3,848,926	$	—
Short-term debt	872,510		872,545		—		872,545		—
Long-term Federal Home Loan Bank advances	101,918		103,660		—		103,660		—
Subordinated notes	89,679		87,882		—		87,882		—
Derivative liabilities	11,964		11,964		—		11,964		—
Liabilities held for sale	24,834		24,834		—		24,834		—

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 Input
(In thousands)	December 31, 2014			Valuation Techniques	Unobservable Inputs	Value
Assets

Trading Security	$	14,909		Discounted Cash Flow	Discount Rate	2.60	%

Securities Available for Sale	2,326			Discounted Cash Flow	Discount Rate	13.74	%
					Credit Spread	11.06	%

Forward Commitments	(93		)	Historical Trend	Closing Ratio	91.07	%
				Pricing Model	Origination Costs, per loan	2,500

Interest Rate Lock Commitment	625			Historical Trend	Closing Ratio	91.07	%
				Pricing Model	Origination Costs, per loan	2,500
Total	$	17,767

	Fair Value				Significant Unobservable Input
(In thousands)	December 31, 2013		Valuation Techniques	Unobservable Inputs	Value
Assets

Trading Security	$	14,840	Discounted Cash Flow	Discount Rate	3.39	%

Securities Available for Sale	1,964		Discounted Cash Flow	Discount Rate	13.17	%
				Credit Spread	9.45	%

Forward Commitments	19		Historical Trend	Closing Ratio	94.83	%
			Pricing Model	Origination Costs, per loan	2,500

Interest Rate Lock Commitment	258		Historical Trend	Closing Ratio	94.83	%
			Pricing Model	Origination Costs, per loan	2,500
Total	$	17,081

Non-recurring

Quantitative information about the significant unobservable inputs within Level 3

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

(in thousands)	December 31, 2014		Valuation Techniques	Unobservable Inputs	Range (Weighted Average) (a)
Assets

Impaired loans	$	5,820	Fair value of collateral	Loss severity	.31% to 38.7% (12.65%)
				Appraised value	$5 to $1,600.0 ($912.7)

Capitalized mortgage servicing rights	3,757		Discounted cash flow	Constant prepayment rate (CPR)	7.83% to 19.00% (9.92%)
				Discount rate	10.00% to 13.00% (10.43%)

Other real estate owned	2,049		Fair value of collateral	Appraised value	$57 to $700.0 ($462.6)
Total	$	11,626

(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.

(in thousands)	December 31, 2013		Valuation Techniques	Unobservable Inputs	Range (Weighted Average) (a)
Assets

Impaired loans	$	5,542	Fair value of collateral	Loss severity	4.2% to 100.0% (57.41%)
				Appraised value	$0 to $900.0 ($505.4)

Capitalized mortgage servicing rights	4,112		Discounted cash flow	Constant prepayment rate (CPR)	6.96% to 15.97% (8.58%)
				Discount rate	10.00% to 13.00% (10.34%)

Other real estate owned	2,995		Fair value of collateral	Appraised value	$0 to $774.0 ($413.4)
Total Assets	$	12,649

- Definition

Tabular disclosure of the fair value of financial instruments, including financial assets and financial liabilities, and the measurements of those instruments, assets, and liabilities.

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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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