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Fair Value Of Financial Instruments
 6 Months Ended
Jun. 30, 2017
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 2016 Annual Report on Form 10-K. There have been no significant changes in these methods and inputs since December 31, 2016, except as mentioned in Note 10 on Derivatives.

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
June 30, 2017
 
December 31, 2016

(In thousands)
Carrying
Amount
Estimated
Fair Value
 
Carrying
Amount
Estimated
Fair Value
Financial Assets
 
 
 
 
 
 
Loans:
 
 
 
 
 
 
Business
Level 3
$
4,852,408

$
4,866,125

 
$
4,776,365

$
4,787,469

Real estate - construction and land
Level 3
848,152

859,171

 
791,236

800,426

Real estate - business
Level 3
2,727,349

2,740,841

 
2,643,374

2,658,093

Real estate - personal
Level 3
2,009,203

2,022,671

 
2,010,397

2,005,227

Consumer
Level 3
2,038,514

2,021,537

 
1,990,801

1,974,784

Revolving home equity
Level 3
403,387

404,177

 
413,634

414,499

Consumer credit card
Level 3
740,865

754,763

 
776,465

794,856

Overdrafts
Level 3
6,714

6,714

 
10,464

10,464

Loans held for sale
Level 2
22,002

22,002

 
14,456

14,456

Investment securities:
 
 
 
 
 
 
Available for sale
Level 1
933,711

933,711

 
945,871

945,871

Available for sale
Level 2
8,489,165

8,489,165

 
8,686,650

8,686,650

Available for sale
Level 3
16,825

16,825

 
16,682

16,682

Trading
Level 2
22,291

22,291

 
22,225

22,225

Non-marketable
Level 3
102,388

102,388

 
99,558

99,558

Federal funds sold
Level 1
16,520

16,520

 
15,470

15,470

Securities purchased under agreements to resell
Level 3
625,000

628,148

 
725,000

728,179

Interest earning deposits with banks
Level 1
80,860

80,860

 
272,275

272,275

Cash and due from banks
Level 1
433,747

433,747

 
494,690

494,690

Derivative instruments
Level 2
11,097

11,097

 
13,146

13,146

Derivative instruments
Level 3
930

930

 
420

420

Assets held in trust for deferred compensation plan
Level 1
11,893

11,893

 
10,261

10,261

Financial Liabilities
 
 
 
 
 
 
Non-interest bearing deposits
Level 1
$
7,314,506

$
7,314,506

 
$
7,429,398

$
7,429,398

Savings, interest checking and money market deposits
Level 1
11,427,615

11,427,615

 
11,430,789
11,430,789
Time open and certificates of deposit
Level 3
2,083,541

2,075,563

 
2,240,908

2,235,218

Federal funds purchased
Level 1
253,510

253,510

 
52,840

52,840

Securities sold under agreements to repurchase
Level 3
1,002,934

1,003,183

 
1,671,065

1,671,227

Other borrowings
Level 3
101,903

102,907

 
102,049

104,298

Derivative instruments
Level 2
6,108

6,108

 
13,177

13,177

Derivative instruments
Level 3
139

139

 
162

162

Liabilities held in trust for deferred compensation plan
Level 1
11,893

11,893

 
10,261

10,261