Fair Value Measurements (Tables)

12 Months Ended

Dec. 31, 2013

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

The table below presents the carrying values of assets and liabilities measured at fair value on a recurring basis at December 31, 2013 and 2012. There were no transfers among levels during these years.



			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)
December 31, 2013
Assets:
Available for sale securities:
U.S. government and federal agency obligations	$	505,696	$	505,696	$	—	$	—
Government-sponsored enterprise obligations	741,766		—		741,766		—
State and municipal obligations	1,619,171		—		1,491,447		127,724
Agency mortgage-backed securities	2,772,338		—		2,772,338		—
Non-agency mortgage-backed securities	246,983		—		246,983		—
Asset-backed securities	2,844,071		—		2,844,071		—
Other debt securities	141,757		—		141,757		—
Equity securities	43,898		24,646		19,252		—
Trading securities	19,993		—		19,993		—
Private equity investments	56,612		—		—		56,612
Derivatives *	12,980		—		12,976		4
Assets held in trust	7,511		7,511		—		—
Total assets	9,012,776		537,853		8,290,583		184,340
Liabilities:
Derivatives *	13,329		—		13,260		69
Total liabilities	$	13,329	$	—	$	13,260	$	69
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


*	The fair value of each class of derivative is shown in Note 18.

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

The changes in Level 3 assets and liabilities measured at fair value on a recurring basis are summarized as follows:



	Fair Value Measurements Using Significant Unobservable Inputs (Level 3)
(In thousands)	State and Municipal Obligations			Private Equity Investments			Derivatives			Total
Year ended December 31, 2013:
Balance at January 1, 2013	$	126,414		$	68,167		$	(187	)	$	194,394
Total gains or losses (realized/unrealized):
Included in earnings	—			(2,971		)	234			(2,737		)
Included in other comprehensive income	3,253			—			—			3,253
Investment securities called	(2,150		)	—			—			(2,150		)
Discount accretion	207			—			—			207
Purchases of private equity securities	—			3,950			—			3,950
Sale / paydown of private equity securities	—			(12,865		)	—			(12,865		)
Capitalized interest/dividends	—			331			—			331
Sale of risk participation agreement	—			—			(112		)	(112		)
Balance at December 31, 2013	$	127,724		$	56,612		$	(65	)	$	184,271
Total gains or losses for the annual period included in earnings attributable to the change in unrealized gains or losses relating to assets still held at December 31, 2013	$	—		$	(5,297	)	$	234		$	(5,063	)
Year ended December 31, 2012:
Balance at January 1, 2012	$	135,621		$	66,978		$	(123	)	$	202,476
Total gains or losses (realized/unrealized):
Included in earnings	—			4,505			16			4,521
Included in other comprehensive income	(1,368		)	—			—			(1,368		)
Investment securities called	(8,275		)	—			—			(8,275		)
Discount accretion	436			—			—			436
Purchases of private equity securities	—			8,910			—			8,910
Sale / paydown of private equity securities	—			(12,751		)	—			(12,751		)
Capitalized interest/dividends	—			525			—			525
Purchase of risk participation agreement	—			—			28			28
Sale of risk participation agreement	—			—			(108		)	(108		)
Balance at December 31, 2012	$	126,414		$	68,167		$	(187	)	$	194,394
Total gains or losses for the annual period included in earnings attributable to the change in unrealized gains or losses relating to assets still held at December 31, 2012	$	—		$	3,080		$	(21	)	$	3,059

Summary Of Gains And Losses On Level 3 Assets And Liabilities

Gains and losses on the Level 3 assets and liabilities in the table above are reported in the following income categories:



(In thousands)	Loan Fees and Sales			Other Non-Interest Income			Investment Securities Gains (Losses), Net			Total
Year ended December 31, 2013:
Total gains or losses included in earnings	$	—		$	234		$	(2,971	)	$	(2,737	)
Change in unrealized gains or losses relating to assets still held at December 31, 2013	$	—		$	234		$	(5,297	)	$	(5,063	)
Year ended December 31, 2012:
Total gains or losses included in earnings	$	(9	)	$	25		$	4,505		$	4,521
Change in unrealized gains or losses relating to assets still held at December 31, 2012	$	—		$	(21	)	$	3,080		$	3,059

Summary Of Quantitative Information About Level 3 Fair Value Measurements

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	4	-	5 years
		Estimated market rate	1.9%	-	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 2013 and 2012, and still held as of December 31, 2013 and 2012, the following table provides the adjustments to fair value recognized during the respective periods, the level of valuation assumptions used to determine each adjustment, and the carrying value of the related individual assets or portfolios at December 31, 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)
Balance at December 31, 2013
Collateral dependent impaired loans	$	23,654	$	—	$	—	$	23,654	$	(8,406	)
Private equity investments	500		—		—		500		(500		)
Mortgage servicing rights	779		—		—		779		309
Foreclosed assets	1,287		—		—		1,287		(430		)
Balance at December 31, 2012
Collateral dependent impaired loans	$	24,572	$	—	$	—	$	24,572	$	(8,411	)
Mortgage servicing rights	472		—		—		472		34
Foreclosed assets	297		—		—		297		(170		)
Long-lived assets	5,617		—		—		5,617		(3,428		)