XML 54 R43.htm IDEA: XBRL DOCUMENT v3.10.0.1
Fair Value Measurements (Tables)
9 Months Ended
Sep. 30, 2018
Fair Value Disclosures [Abstract]  
Financial Assets and Financial Liabilities Measured at Fair Value on Recurring Basis
The table below summarizes financial assets and financial liabilities measured at fair value on a recurring basis as of September 30, 2018 and December 31, 2017, segregated by the level of the valuation inputs within the fair value hierarchy of ASC Topic 820 utilized to measure fair value.
 
Level 1
Inputs
 
Level 2
Inputs
 
Level 3
Inputs
 
Total Fair
Value
September 30, 2018
 
 
 
 
 
 
 
Securities available for sale:
 
 
 
 
 
 
 
U.S. Treasury
$
3,402,879

 
$
—

 
$
—

 
$
3,402,879

Residential mortgage-backed securities
—

 
756,371

 
—

 
756,371

States and political subdivisions
—

 
6,976,690

 
—

 
6,976,690

Other
—

 
42,651

 
—

 
42,651

Trading account securities:
 
 
 
 
 
 
 
U.S. Treasury
21,804

 
—

 
—

 
21,804

States and political subdivisions
—

 
434

 
—

 
434

Derivative assets:
 
 
 
 
 
 
 
Interest rate swaps, caps and floors
—

 
14,430

 
—

 
14,430

Commodity swaps and options
—

 
35,813

 
1,296

 
37,109

Foreign currency forward contracts
263

 
—

 
—

 
263

Derivative liabilities:
 
 
 
 
 
 
 
Interest rate swaps, caps and floors
—

 
26,867

 
—

 
26,867

Commodity swaps and options
—

 
36,848

 
—

 
36,848

Foreign currency forward contracts
189

 
—

 
—

 
189

December 31, 2017
 
 
 
 
 
 
 
Securities available for sale:
 
 
 
 
 
 
 
U.S. Treasury
$
3,445,153

 
$
—

 
$
—

 
$
3,445,153

Residential mortgage-backed securities
—

 
665,086

 
—

 
665,086

States and political subdivisions
—

 
6,336,209

 
—

 
6,336,209

Other
—

 
42,561

 
—

 
42,561

Trading account securities:
 
 
 
 
 
 
 
U.S. Treasury
19,210

 
—

 
—

 
19,210

States and political subdivisions
—

 
1,888

 
—

 
1,888

Derivative assets:
 
 
 
 
 
 
 
Interest rate swaps, caps and floors
—

 
20,022

 
—

 
20,022

Commodity swaps and options
—

 
14,408

 
1,233

 
15,641

Foreign currency forward contracts
415

 
—

 
—

 
415

Derivative liabilities:
 
 
 
 
 
 
 
Interest rate swaps, caps and floors
—

 
18,754

 
—

 
18,754

Commodity swaps and options
—

 
15,327

 
—

 
15,327

Foreign currency forward contracts
239

 
—

 
—

 
239


Impaired Loans Remeasured And Reported At Fair Value Specific Valuation Allowance Allocation Method Of Underlying Collateral [Table Text Block]
The following table presents impaired loans that were remeasured and reported at fair value through a specific valuation allowance allocation of the allowance for loan losses based upon the fair value of the underlying collateral during the reported periods.
 
Nine Months Ended 
 September 30, 2018
 
Nine Months Ended 
 September 30, 2017
 
Level 2
 
Level 3
 
Level 2
 
Level 3
Carrying value of impaired loans before allocations
$
12,876

 
$
28,638

 
$
—

 
$
64,287

Specific valuation allowance (allocations) reversals of prior allocations
(2,599
)
 
4,256

 
—

 
(13,477
)
Fair value
$
10,277

 
$
32,894

 
$
—

 
$
50,810

Foreclosed Assets Remeasured and Reported at Fair Value
The following table presents foreclosed assets that were remeasured and reported at fair value during the reported periods:
 
Nine Months Ended 
 September 30,
 
2018
 
2017
Foreclosed assets remeasured at initial recognition:
 
 
 
Carrying value of foreclosed assets prior to remeasurement
$
2,898

 
$
—

Charge-offs recognized in the allowance for loan losses
—

 
—

Fair value
$
2,898

 
$
—

Foreclosed assets remeasured subsequent to initial recognition:
 
 
 
Carrying value of foreclosed assets prior to remeasurement
$
1,823

 
$
89

Write-downs included in other non-interest expense
(473
)
 
(16
)
Fair value
$
1,350

 
$
73

Estimated Fair Values of Financial Instruments
The estimated fair values of financial instruments that are reported at amortized cost in our consolidated balance sheets, segregated by the level of the valuation inputs within the fair value hierarchy utilized to measure fair value, were as follows:
 
September 30, 2018
 
December 31, 2017
 
Carrying
Amount
 
Estimated
Fair Value
 
Carrying
Amount
 
Estimated
Fair Value
Financial assets:
 
 
 
 
 
 
 
Level 2 inputs:
 
 
 
 
 
 
 
Cash and cash equivalents
$
3,419,489

 
$
3,419,489

 
$
5,053,047

 
$
5,053,047

Securities held to maturity
1,111,762

 
1,116,845

 
1,432,098

 
1,455,791

Cash surrender value of life insurance policies
182,603

 
182,603

 
180,477

 
180,477

Accrued interest receivable
137,553

 
137,553

 
167,508

 
167,508

Level 3 inputs:
 
 
 
 
 
 
 
Loans, net
13,677,260

 
13,621,005

 
12,990,301

 
12,981,165

Financial liabilities:
 
 
 
 
 
 
 
Level 2 inputs:
 
 
 
 
 
 
 
Deposits
26,348,854

 
26,342,071

 
26,872,389

 
26,866,676

Federal funds purchased and repurchase agreements
1,083,777

 
1,083,777

 
1,147,824

 
1,147,824

Junior subordinated deferrable interest debentures
136,227

 
137,115

 
136,184

 
137,115

Subordinated notes payable and other borrowings
98,669

 
98,875

 
98,552

 
105,311

Accrued interest payable
4,904

 
4,904

 
3,358

 
3,358