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Fair Value Of Financial Instruments
 3 Months Ended
Mar. 31, 2020
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 Company prospectively adopted ASU 2016-01 on January 1, 2018. In accordance with its requirements, the fair value of loans as of March 31, 2020 and December 31, 2019 were measured using an exit price notion.

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 at March 31, 2020 and December 31, 2019:

Carrying Amount
Estimated Fair Value at March 31, 2020

(In thousands)

Level 1
Level 2
Level 3
Total
Financial Assets
Loans:
Business$5,773,865  $—  $—  $5,769,557  $5,769,557  
Real estate - construction and land
873,402  —  —  862,370  862,370  
Real estate - business
2,960,308  —  —  2,991,527  2,991,527  
Real estate - personal
2,464,819  —  —  2,426,824  2,426,824  
Consumer
1,941,787  —  —  1,909,021  1,909,021  
Revolving home equity349,735  —  —  344,821  344,821  
Consumer credit card706,753  —  —  654,065  654,065  
Overdrafts
3,143  —  —  2,278  2,278  
Total loans15,073,812  —  —  14,960,463  14,960,463  
Loans held for sale6,214  —  6,214  —  6,214  
Investment securities8,861,989  843,080  7,854,068  164,841  8,861,989  
Federal funds sold400  400  —  —  400  
Securities purchased under agreements to resell850,000  —  —  913,418  913,418  
Interest earning deposits with banks474,156  474,156  —  —  474,156  
Cash and due from banks401,185  401,185  —  —  401,185  
Derivative instruments250,450  —  250,026  424  250,450  
Assets held in trust for deferred compensation plan14,194  14,194  —  —  14,194  
       Total$25,932,400  $1,733,015  $8,110,308  $16,039,146  $25,882,469  
Financial Liabilities
Non-interest bearing deposits$6,952,236  $6,952,236  $—  $—  $6,952,236  
Savings, interest checking and money market deposits12,049,279  12,049,279  —  —  12,049,279  
Certificates of deposit1,774,348  —  —  1,794,039  1,794,039  
Federal funds purchased18,720  18,720  —  —  18,720  
Securities sold under agreements to repurchase1,409,293  —  —  1,409,777  1,409,777  
Other borrowings754,976  —  4,976  750,000  754,976  
Derivative instruments20,443  —  19,462  981  20,443  
Liabilities held in trust for deferred compensation plan14,194  14,194  —  —  14,194  
       Total$22,993,489  $19,034,429  $24,438  $3,954,797  $23,013,664  
Carrying AmountEstimated Fair Value at December 31, 2019

(In thousands)
Level 1
Level 2
Level 3
Total
Financial Assets
Loans:
Business$5,565,449  $—  $—  $5,526,303  $5,526,303  
Real estate - construction and land
899,377  —  —  898,152  898,152  
Real estate - business
2,833,554  —  —  2,849,213  2,849,213  
Real estate - personal
2,354,760  —  —  2,333,002  2,333,002  
Consumer
1,964,145  —  —  1,938,505  1,938,505  
Revolving home equity349,251  —  —  344,424  344,424  
Consumer credit card764,977  —  —  708,209  708,209  
Overdrafts
6,304  —  —  4,478  4,478  
Total loans14,737,817  —  —  14,602,286  14,602,286  
Loans held for sale13,809  —  13,809  —  13,809  
Investment securities8,741,888  854,705  7,738,158  149,025  8,741,888  
Securities purchased under agreements to resell850,000  —  —  869,592  869,592  
Interest earning deposits with banks395,850  395,850  —  —  395,850  
Cash and due from banks491,615  491,615  —  —  491,615  
Derivative instruments105,674  —  105,075  599  105,674  
Assets held in trust for deferred compensation plan16,518  16,518  —  —  16,518  
       Total$25,353,171  $1,758,688  $7,857,042  $15,621,502  $25,237,232  
Financial Liabilities
Non-interest bearing deposits$6,890,687  $6,890,687  $—  $—  $6,890,687  
Savings, interest checking and money market deposits11,621,716  11,621,716  —  —  11,621,716  
Certificates of deposit2,008,012  —  —  2,022,629  2,022,629  
Federal funds purchased20,035  20,035  —  —  20,035  
Securities sold under agreements to repurchase1,830,737  —  —  1,831,518  1,831,518  
Other borrowings988  —  988  —  988  
Derivative instruments10,219  —  9,989  230  10,219  
Liabilities held in trust for deferred compensation plan16,518  16,518  —  —  16,518  
       Total$22,398,912  $18,548,956  $10,977  $3,854,377  $22,414,310