Fair Value Measurements (Tables)

12 Months Ended

Dec. 31, 2013

Fair Value Disclosures [Abstract]

Summary of assets measured at fair value on a recurring basis

For assets measured at fair value on a recurring basis, quantitative disclosures about the fair value measurements for each major category of assets follow:

	Fair Value Measurements — Recurring Basis
	Quoted Prices In Active Markets for Identical Assets (Level 1)		Significant Other Observable Inputs (Level 2)		Significant Unobservable Inputs (Level 3)		Total
	(In thousands)
December 31, 2013
Investment securities — available-for-sale:
Government sponsored agencies	$	—	$	93,763	$	—	$	93,763
State and political subdivisions	—		43,798		—		43,798
Residential mortgage-backed securities	—		299,366		—		299,366
Collateralized mortgage obligations	—		180,941		—		180,941
Corporate bonds	—		65,275		—		65,275
Preferred stock	—		1,427		—		1,427
Total investment securities — available-for-sale	—		684,570		—		684,570
Loans held-for-sale	—		5,219		—		5,219
Total assets measured at fair value on a recurring basis	$	—	$	689,789	$	—	$	689,789
December 31, 2012
Investment securities — available-for-sale:
Government sponsored agencies	$	—	$	97,557	$	—	$	97,557
State and political subdivisions	—		49,965		—		49,965
Residential mortgage-backed securities	—		99,411		—		99,411
Collateralized mortgage obligations	—		263,592		—		263,592
Corporate bonds	—		69,795		—		69,795
Preferred stock	—		1,734		—		1,734
Total investment securities — available-for-sale	—		582,054		—		582,054
Loans held-for-sale	—		17,665		—		17,665
Total assets measured at fair value on a recurring basis	$	—	$	599,719	$	—	$	599,719

Summary of assets measured at fair value on a nonrecurring basis

For assets measured at fair value on a nonrecurring basis, quantitative disclosures about fair value measurements for each major category of assets follow:

	Fair Value Measurements — Nonrecurring Basis
	Quoted Prices In Active Markets for Identical Assets (Level 1)		Significant Other Observable Inputs (Level 2)		Significant Unobservable Inputs (Level 3)		Total
	(In thousands)
December 31, 2013
Impaired originated loans	$	—	$	—	$	28,852	$	28,852
Other real estate/repossessed assets	—		—		9,776		9,776
Total	$	—	$	—	$	38,628	$	38,628
December 31, 2012
Impaired originated loans	$	—	$	—	$	51,694	$	51,694
Other real estate/repossessed assets	—		—		18,469		18,469
Total	$	—	$	—	$	70,163	$	70,163

Summary of carrying amounts and estimated fair values of the financial instruments

A summary of carrying amounts and estimated fair values of the Corporation's financial instruments included in the consolidated statements of financial position follows:

	Level in Fair Value Measurement Hierarchy	December 31, 2013				December 31, 2012
		Carrying Amount		Fair Value		Carrying Amount		Fair Value
		(In thousands)
Assets:
Cash and cash equivalents	Level 1	$	310,788	$	310,788	$	656,135	$	656,135
Investment securities:
Available-for-sale	Level 2	684,570		684,570		582,054		582,054
Available-for-sale	NA	—		—		4,755		4,755
Held-to-maturity	Level 2	263,405		262,021		229,977		229,922
Held-to-maturity	Level 3	10,500		6,250		—		—
Nonmarketable equity securities	NA	25,572		25,572		25,572		25,572
Loans held-for-sale	Level 2	5,219		5,219		17,665		17,665
Net loans	Level 3	4,568,549		4,575,532		4,083,244		4,093,880
Interest receivable	Level 2	15,748		15,748		14,933		14,933
Liabilities:
Deposits without defined maturities	Level 2	$	3,790,454	$	3,790,454	$	3,448,886	$	3,448,886
Time deposits	Level 3	1,331,931		1,340,746		1,472,557		1,489,072
Interest payable	Level 2	868		868		1,501		1,501
Short-term borrowings	Level 2	327,428		327,428		310,463		310,463
FHLB advances	Level 2	—		—		34,289		34,835