Fair Value Measurements (Tables)

9 Months Ended

Sep. 30, 2013

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

The table below presents the September 30, 2013 and December 31, 2012 carrying values of assets and liabilities measured at fair value on a recurring basis. There were no transfers among levels during the first nine months of 2013 or the year ended December 31, 2012.



			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)
September 30, 2013
Assets:
Available for sale securities:
U.S. government and federal agency obligations	$	415,505	$	415,505	$	—	$	—
Government-sponsored enterprise obligations	424,962		—		424,962		—
State and municipal obligations	1,603,311		—		1,478,289		125,022
Agency mortgage-backed securities	2,810,261		—		2,810,261		—
Non-agency mortgage-backed securities	222,081		—		222,081		—
Asset-backed securities	2,890,646		—		2,890,646		—
Other debt securities	161,806		—		161,806		—
Equity securities	48,710		29,790		18,920		—
Trading securities	18,295		—		18,295		—
Private equity investments	64,507		—		—		64,507
Derivatives *	13,714		—		13,709		5
Assets held in trust	6,951		6,951		—		—
Total assets	$	8,680,749	$	452,246	$	8,038,969	$	189,534
Liabilities:
Derivatives *	$	14,312	$	—	$	14,224	$	88
Total liabilities	$	14,312	$	—	$	14,224	$	88
December 31, 2012
Assets:
Available for sale securities:
U.S. government and federal agency obligations	$	438,759	$	438,759	$	—	$	—
Government-sponsored enterprise obligations	471,574		—		471,574		—
State and municipal obligations	1,615,707		—		1,489,293		126,414
Agency mortgage-backed securities	3,380,955		—		3,380,955		—
Non-agency mortgage-backed securities	237,011		—		237,011		—
Asset-backed securities	3,167,394		—		3,167,394		—
Other debt securities	177,752		—		177,752		—
Equity securities	33,096		17,835		15,261		—
Trading securities	28,837		—		28,837		—
Private equity investments	68,167		—		—		68,167
Derivatives *	16,740		—		16,731		9
Assets held in trust	5,440		5,440		—		—
Total assets	$	9,641,432	$	462,034	$	8,984,808	$	194,590
Liabilities:
Derivatives *	$	17,718	$	—	$	17,522	$	196
Total liabilities	$	17,718	$	—	$	17,522	$	196

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

Assets held in an outside trust for the Company’s deferred compensation plan consist of investments in mutual funds. T

Summary Of Gains And Losses On Level 3 Assets And Liabilities

Gains and losses included in earnings for the Level 3 assets and liabilities in the previous table are reported in the following line items in the consolidated statements of income:



(In thousands)	Loan Fees and Sales			Other Non-Interest Income			Investment Securities Gains (Losses), Net			Total
For the three months ended September 30, 2013
Total gains or losses included in earnings	$	—		$	51		$	865		$	916
Change in unrealized gains or losses relating to assets still held at September 30, 2013	$	—		$	51		$	865		$	916
For the nine months ended September 30, 2013
Total gains or losses included in earnings	$	—		$	176		$	(612	)	$	(436	)
Change in unrealized gains or losses relating to assets still held at September 30, 2013	$	—		$	176		$	(612	)	$	(436	)
For the three months ended September 30, 2012
Total gains or losses included in earnings	$	—		$	1		$	2,774		$	2,775
Change in unrealized gains or losses relating to assets still held at September 30, 2012	$	—		$	(37	)	$	2,774		$	2,737
For the nine months ended September 30, 2012
Total gains or losses included in earnings	$	(9	)	$	6		$	8,374		$	8,371
Change in unrealized gains or losses relating to assets still held at September 30, 2012	$	—		$	(40	)	$	6,949		$	6,909

Summary Of Quantitative Information About Level 3 Fair Value Measurements

As shown above, the Company's significant Level 3 measurements which employ unobservable inputs that are readily quantifiable pertain to auction rate securities (ARS) held by the Bank and investments in portfolio concerns held by the Company's private equity subsidiaries. ARS are included in state and municipal securities and totaled $125.0 million at September 30, 2013, while private equity investments, included in non-marketable securities, totaled $64.5 million.

Information about these inputs is presented in the table and discussions below.



Quantitative Information about Level 3 Fair Value Measurements
	Valuation Technique	Unobservable Input	Range
Auction rate securities	Discounted cash flow	Estimated market recovery period	5 years
		Estimated market rate	2.1%	-	4.1%
Private equity investments	Market comparable companies	EBITDA multiple	4.0	-	5.5

Schedule Of Fair Value Disclosures Measured On Nonrecurring Basis [Table Text Block]

For assets measured at fair value on a nonrecurring basis during the first nine months of 2013 and 2012, and still held as of September 30, 2013 and 2012, the following table provides the adjustments to fair value recognized during the respective periods, the level of valuation inputs used to determine each adjustment, and the carrying value of the related individual assets or portfolios at September 30, 2013 and 2012.



			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 Nine Months Ended Sept. 30
September 30, 2013
Collateral dependent impaired loans	$	9,683	$	—	$	—	$	9,683	$	(3,132	)
Private equity investments	675		—		—		675		(325		)
Mortgage servicing rights	628		—		—		628		227
Foreclosed assets	1,115		—		—		1,115		(168		)

September 30, 2012
Collateral dependent impaired loans	$	24,749	$	—	$	—	$	24,749	$	(7,669	)
Mortgage servicing rights	515		—		—		515		37
Foreclosed assets	538		—		—		538		(277		)
Long-lived assets	5,622		—		—		5,622		(3,428		)