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Fair Value Of Financial Instruments
 9 Months Ended
Sep. 30, 2016
Fair Value Of Financial Instruments [Abstract]  
Fair Value Of Financial Instruments
Fair Value of Financial Instruments

The carrying amounts and estimated fair values of financial instruments held by the Company are set forth below. Fair value estimates are made at a specific point in time based on relevant market information. They do not reflect any premium or discount that could result from offering for sale at one time the Company’s entire holdings of a particular financial instrument. Because no market exists for many of the Company’s financial instruments, fair value estimates are based on judgments regarding future expected loss experience, risk characteristics and economic conditions. These estimates are subjective, involve uncertainties, and cannot be determined with precision. Changes in assumptions could significantly affect the estimates.

The methods and inputs used in the estimation of fair value for the financial instruments in the table below are discussed in the Fair Value Measurements and the Fair Value of Financial Instruments notes in the Company's 2015 Annual Report on Form 10-K. There have been no significant changes in these methods and inputs since December 31, 2015.

The estimated fair values of the Company’s financial instruments and the classification of their fair value measurement within the valuation hierarchy are as follows:
 
Fair Value Hierarchy Level
September 30, 2016
 
December 31, 2015

(In thousands)
Carrying
Amount
Estimated
Fair Value
 
Carrying
Amount
Estimated
Fair Value
Financial Assets
 
 
 
 
 
 
Loans:
 
 
 
 
 
 
Business
Level 3
$
4,770,883

$
4,819,577

 
$
4,397,893

$
4,421,237

Real estate - construction and land
Level 3
800,545

810,403

 
624,070

633,083

Real estate - business
Level 3
2,520,528

2,561,306

 
2,355,544

2,387,101

Real estate - personal
Level 3
1,968,005

1,998,235

 
1,915,953

1,940,863

Consumer
Level 3
1,972,969

1,972,559

 
1,924,365

1,916,747

Revolving home equity
Level 3
417,591

419,543

 
432,981

434,607

Consumer credit card
Level 3
760,022

780,059

 
779,744

793,428

Overdrafts
Level 3
19,698

19,698

 
6,142

6,142

Loans held for sale
Level 2
9,511

9,511

 
7,607

7,607

Investment securities:
 
 
 
 
 
 
Available for sale
Level 1
778,694

778,694

 
747,339

747,339

Available for sale
Level 2
8,643,269

8,643,269

 
9,012,470

9,012,470

Available for sale
Level 3
16,908

16,908

 
17,195

17,195

Trading
Level 2
28,586

28,586

 
11,890

11,890

Non-marketable
Level 3
108,224

108,224

 
112,786

112,786

Federal funds sold
Level 1
13,415

13,415

 
14,505

14,505

Securities purchased under agreements to resell
Level 3
725,000

731,362

 
875,000

879,546

Interest earning deposits with banks
Level 1
56,767

56,767

 
23,803

23,803

Cash and due from banks
Level 1
396,938

396,938

 
464,411

464,411

Derivative instruments
Level 2
31,179

31,179

 
12,507

12,507

Derivative instruments
Level 3
877

877

 
264

264

Assets held in trust for deferred compensation plan
Level 1
10,028

10,028

 
9,278

9,278

Financial Liabilities
 
 
 
 
 
 
Non-interest bearing deposits
Level 1
$
7,130,415

$
7,130,415

 
$
7,146,398

$
7,146,398

Savings, interest checking and money market deposits
Level 1
11,023,526

11,023,526

 
10,834,746
10,834,746
Time open and certificates of deposit
Level 3
2,012,219

2,009,071

 
1,997,709

1,993,521

Federal funds purchased
Level 1
293,640

293,640

 
556,970

556,970

Securities sold under agreements to repurchase
Level 3
1,196,251

1,196,339

 
1,406,582

1,406,670

Other borrowings
Level 3
101,415

104,490

 
103,818

108,542

Derivative instruments
Level 2
31,500

31,500

 
12,534

12,534

Derivative instruments
Level 3
272

272

 
195

195

Liabilities held in trust for deferred compensation plan
Level 1
10,028

10,028

 
9,278

9,278