Fair Value Measurements (Tables)

3 Months Ended

Mar. 31, 2012

Summary Of Assets And Liabilities Measured At Fair Value On A Recurring Basis


			Fair Value Measurements Using
(In thousands)	Total Fair Value		Quoted Prices in Active Markets for Identical Assets (Level 1)		Significant Other Observable Inputs (Level 2)		Significant Unobservable Inputs (Level 3)
March 31, 2012
Assets:
Available for sale securities:
U.S. government and federal agency obligations	$	368,662	$	361,150	$	7,512	$	—
Government-sponsored enterprise obligations	277,924		—		277,924		—
State and municipal obligations	1,326,867		—		1,196,994		129,873
Agency mortgage-backed securities	3,866,456		—		3,866,456		—
Non-agency mortgage-backed securities	294,221		—		294,221		—
Other asset-backed securities	2,817,492		—		2,817,492		—
Other debt securities	123,355		—		123,355		—
Equity securities	45,422		32,225		13,197		—
Trading securities	34,178		—		34,178		—
Private equity investments	72,121		—		—		72,121
Derivatives *	18,785		—		18,776		9
Assets held in trust	5,375		5,375		—		—
Total assets	$	9,250,858	$	398,750	$	8,650,105	$	202,003
Liabilities:
Derivatives *	$	20,076	$	—	$	19,961	$	115
Total liabilities	$	20,076	$	—	$	19,961	$	115
December 31, 2011
Assets:
Available for sale securities:
U.S. government and federal agency obligations	$	364,665	$	357,155	$	7,510	$	—
Government-sponsored enterprise obligations	315,698		—		315,698		—
State and municipal obligations	1,245,284		—		1,109,663		135,621
Agency mortgage-backed securities	4,106,059		—		4,106,059		—
Non-agency mortgage-backed securities	316,902		—		316,902		—
Other asset-backed securities	2,693,143		—		2,693,143		—
Other debt securities	141,260		—		141,260		—
Equity securities	41,691		27,808		13,883		—
Trading securities	17,853		—		17,853		—
Private equity investments	66,978		—		—		66,978
Derivatives *	21,537		—		21,502		35
Assets held in trust	4,506		4,506		—		—
Total assets	$	9,335,576	$	389,469	$	8,743,473	$	202,634
Liabilities:
Derivatives *	$	22,722	$	—	$	22,564	$	158
Total liabilities	$	22,722	$	—	$	22,564	$	158

* The fair value of each class of derivative is shown in Note 10.

Summary Of Changes In Level 3 Assets And Liabilities Measured At Fair Value On A Recurring Basis

	Fair Value Measurements Using Significant Unobservable Inputs (Level 3)
(In thousands)	State and Municipal Obligations			Private Equity Investments			Derivatives			Total
For the three months ended March 31, 2012
Balance January 1, 2012	$	135,621		$	66,978		$	(123	)	$	202,476
Total gains or losses (realized/unrealized):
Included in earnings	—			4,125			(11		)	4,114
Included in other comprehensive income	(5,458		)	—			—			(5,458		)
Investment securities called	(350		)	—			—			(350		)
Discount accretion	60			—			—			60
Purchase of private equity securities	—			3,275			—			3,275
Sale / paydown of private equity securities	—			(2,434		)	—			(2,434		)
Capitalized interest/dividends	—			177			—			177
Purchase of risk participation agreement	—			—			28			28
Balance March 31, 2012	$	129,873		$	72,121		$	(106	)	$	201,888
Total gains or losses for the three months included in earnings attributable to the
change in unrealized gains or losses relating to assets still held at March 31, 2012	$	—		$	4,125		$	(2	)	$	4,123
For the three months ended March 31, 2011
Balance January 1, 2011	$	150,089		$	53,860		$	352		$	204,301
Total gains or losses (realized/unrealized):
Included in earnings	—			1,425			(363		)	1,062
Included in other comprehensive income	(1,271		)	—			—			(1,271		)
Investment securities called	(5,918		)	—			—			(5,918		)
Discount accretion	307			—			—			307
Purchase of private equity securities	—			179			—			179
Sale / paydown of private equity securities	—			43			—			43
Capitalized interest/dividends	—			—			79			79
Sales of risk participation agreements	—			—			(76		)	(76		)
Balance March 31, 2011	$	143,207		$	55,507		$	(8	)	$	198,706
Total gains or losses for the three months included in earnings attributable to the
change in unrealized gains or losses relating to assets still held at March 31, 2011	$	—		$	1,425		$	119		$	1,544

Summary Of Gains And Losses On Level 3 Assets And Liabilities




(In thousands)	Loan Fees and Sales			Other Non-Interest Income			Investment Securities Gains (Losses), Net		Total
For the three months ended March 31, 2012
Total gains or losses included in earnings	$	(9	)	$	(2	)	$	4,125	$	4,114
Change in unrealized gains or losses relating to assets still held at March 31, 2012	$	—		$	(2	)	$	4,125	$	4,123
For the three months ended March 31, 2011
Total gains or losses included in earnings	$	(369	)	$	6		$	1,425	$	1,062
Change in unrealized gains or losses relating to assets still held at March 31, 2011	$	113		$	6		$	1,425	$	1,544

Summary Of Quantitative Information About Level 3 Fair Value Measurements




Quantitative Information about Level 3 Fair Value Measurements
	Valuation Technique	Unobservable Input	Range
Auction rate securities	Discounted cash flow	Estimated market recovery period	5years
		Estimated market rate	2.7% - 4.6%
Private equity investments	Market comparable companies	EBITDA multiple	4.0% - 5.5%

Summary Of Adjustments To Fair Value And Related Level Of Valuation Assumptions




			Fair Value Measurements Using
(In thousands)	Fair Value		Quoted Prices in Active Markets for Identical Assets (Level 1)		Significant Other Observable Inputs (Level 2)		Significant Unobservable Inputs (Level 3)		Total Gains (Losses) Recognized During the Three Months Ended Mar. 31
March 31, 2012
Loans	$	19,579	$	—	$	—	$	19,579	$	(1,208	)
Mortgage servicing rights	686		—		—		686		40
Foreclosed assets	330		—		—		330		(50		)
Long-lived assets	4,647		—		—		4,647		(3,000		)

March 31, 2011
Loans	$	41,091	$	—	$	—	$	41,091	$	(5,458	)
Mortgage servicing rights	1,281		—		—		1,281		51
Foreclosed assets	2,301		—		—		2,301		(288		)
Long-lived assets	3,300		—		—		3,300		(1,000		)