Fair Value Measurements (Tables)

6 Months Ended

Jun. 30, 2012

Fair Value Measurements [Abstract]

Summary of assets measured at fair value on a recurring basis

	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)
June 30, 2012
Investment securities – available-for-sale:
Government sponsored agencies	$	—	$	95,145	$	—	$	95,145
State and political subdivisions		—		52,131		—		52,131
Residential mortgage-backed securities		—		113,091		—		113,091
Collateralized mortgage obligations		—		321,897		—		321,897
Corporate bonds		—		91,766		—		91,766
Preferred stock		—		1,446		—		1,446
Total investment securities – available-for-sale	$	—	$	675,476	$	—	$	675,476
December 31, 2011
Investment securities – available-for-sale:
Government sponsored agencies	$	—	$	70,679	$	—	$	70,679
State and political subdivisions		—		45,235		—		45,235
Residential mortgage-backed securities		—		120,780		—		120,780
Collateralized mortgage obligations		—		332,400		—		332,400
Corporate bonds		—		96,768		—		96,768
Preferred stock		—		1,414		—		1,414
Total investment securities – available-for-sale	$	—	$	667,276	$	—	$	667,276
June 30, 2011
Investment securities – available-for-sale:
Government sponsored agencies	$	—	$	109,204	$	—	$	109,204
State and political subdivisions		—		44,950		—		44,950
Residential mortgage-backed securities		—		115,605		—		115,605
Collateralized mortgage obligations		—		284,244		—		284,244
Corporate bonds		—		56,904		—		56,904
Preferred stock		—		1,559		—		1,559
Total investment securities – available-for-sale	$	—	$	612,466	$	—	$	612,466

Summary of assets measured at fair value on a nonrecurring basis

	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)
June 30, 2012
Impaired originated loans	$	—	$	—	$	55,115	$	55,115
Other real estate/repossessed assets		—		—		23,509		23,509
Total	$	—	$	—	$	78,624	$	78,624
December 31, 2011
Impaired originated loans	$	—	$	—	$	52,721	$	52,721
Other real estate/repossessed assets		—		—		25,484		25,484
Total	$	—	$	—	$	78,205	$	78,205
June 30, 2011
Impaired originated loans	$	—	$	—	$	68,766	$	68,766
Other real estate/repossessed assets		—		—		24,607		24,607
Total	$	—	$	—	$	93,373	$	93,373

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

	Level in
	Fair Value	June 30, 2012				December 31, 2011				June 30, 2011
	Measurement Hierarchy	Carrying Amount		Fair Value		Carrying Amount		Fair Value		Carrying Amount		Fair Value
		(In thousands)
Assets:
Cash and cash equivalents	Level 1	$	241,823	$	241,823	$	381,940	$	381,940	$	400,279	$	400,279
Investment securities:
Available-for-sale	Level 2		675,476		675,476		667,276		667,276		612,466		612,466
Available-for-sale	NA		4,755		4,755		—		—		—		—
Held-to-maturity	Level 2		205,034		205,852		175,339		175,769		182,029		179,595
Held-to-maturity	Level 3		8,000		8,000		8,000		8,000		8,000		8,000
Nonmarketable equity securities	NA		25,572		25,572		25,572		25,572		25,572		25,572
Loans held-for-sale	Level 2		12,625		12,625		18,818		18,972		6,874		6,874
Net loans	Level 3		3,875,631		3,886,308		3,742,952		3,753,799		3,658,277		3,651,307
Interest receivable	Level 2		15,764		15,764		16,308		16,308		15,621		15,621
Liabilities:
Deposits without defined maturities	Level 2	$	2,933,079	$	2,933,079	$	2,851,883	$	2,851,883	$	2,678,064	$	2,678,064
Time deposits	Level 3		1,450,465		1,469,738		1,514,974		1,538,566		1,572,912		1,596,321
Interest payable	Level 2		1,755		1,755		2,147		2,147		2,487		2,487
Short-term borrowings	Level 2		299,748		299,748		303,786		303,786		276,600		276,600
FHLB advances	Level 2		38,177		39,066		43,057		44,307		71,928		73,380