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Fair Value Of Financial Instruments
6 Months Ended
Jun. 30, 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 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 June 30, 2020 and December 31, 2019:

Carrying Amount
Estimated Fair Value at June 30, 2020

(In thousands)

Level 1
Level 2
Level 3
Total
Financial Assets
Loans:
Business$6,858,217  $—  $—  $6,810,070  $6,810,070  
Real estate - construction and land
932,022  —  —  905,629  905,629  
Real estate - business
2,941,163  —  —  2,928,213  2,928,213  
Real estate - personal
2,690,542  —  —  2,699,804  2,699,804  
Consumer
1,966,707  —  —  1,951,111  1,951,111  
Revolving home equity334,627  —  —  330,906  330,906  
Consumer credit card666,597  —  —  589,031  589,031  
Overdrafts
5,179  —  —  5,011  5,011  
Total loans16,395,054  —  —  16,219,775  16,219,775  
Loans held for sale12,785  —  12,785  —  12,785  
Investment securities10,468,129  829,205  9,510,256  128,668  10,468,129  
Securities purchased under agreements to resell850,000  —  —  912,674  912,674  
Interest earning deposits with banks1,404,968  1,404,968  —  —  1,404,968  
Cash and due from banks391,268  391,268  —  —  391,268  
Derivative instruments269,010  —  266,028  2,982  269,010  
Assets held in trust for deferred compensation plan16,310  16,310  —  —  16,310  
       Total$29,807,524  $2,641,751  $9,789,069  $17,264,099  $29,694,919  
Financial Liabilities
Non-interest bearing deposits$9,700,261  $9,700,261  $—  $—  $9,700,261  
Savings, interest checking and money market deposits12,792,993  12,792,993  —  —  12,792,993  
Certificates of deposit2,033,713  —  —  2,051,053  2,051,053  
Federal funds purchased36,965  36,965  —  —  36,965  
Securities sold under agreements to repurchase1,703,473  —  —  1,703,547  1,703,547  
Derivative instruments21,373  —  20,279  1,094  21,373  
Liabilities held in trust for deferred compensation plan16,310  16,310  —  —  16,310  
       Total$26,305,088  $22,546,529  $20,279  $3,755,694  $26,322,502  
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