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FAIR VALUE DISCLOSURES (Tables)
12 Months Ended
Dec. 31, 2013
FAIR VALUE DISCLOSURES [Abstract]  
Assets And Liabilities Measured At Fair Value On A Recurring Basis

 

 

 

 

 

 

 

 

 

 

 

 

 

December 31, 2013

 

 

Level 1

 

Level 2

 

Level 3

 

Total

Assets:

 

(In thousands)

Available-for-sale securities:

 

 

 

 

 

 

 

 

U.S. Government agencies

 

$              -

 

$    1,458,349

 

$              -

 

$    1,458,349

Government agency issued residential

 

 

 

 

 

 

 

 

mortgage-back securities

 

 -

 

250,234 

 

 -

 

250,234 

Government agency issued commercial

 

 

 

 

 

 

 

 

mortgage-back securities

 

 -

 

230,912 

 

 -

 

230,912 

Obligations of states and political

 

 

 

 

 

 

 

 

subdivisions

 

 -

 

519,405 

 

 -

 

519,405 

Other

 

1,102 

 

6,987 

 

 -

 

8,089 

Mortgage servicing rights

 

 -

 

 -

 

54,662 

 

54,662 

Derivative instruments

 

 -

 

 -

 

30,230 

 

30,230 

Total

 

$      1,102

 

$    2,465,887

 

$    84,892

 

$    2,551,881

Liabilities:

 

 

 

 

 

 

 

 

Derivative instruments

 

$              -

 

$                   -

 

$    29,352

 

$         29,352

 

 

 

 

 

 

 

 

 

 

 

 

 

December 31, 2012

 

 

Level 1

 

Level 2

 

Level 3

 

Total

Assets:

 

(In thousands)

Available-for-sale securities:

 

 

 

 

 

 

 

 

U.S. Government agencies

 

$              -

 

$    1,401,996

 

$              -

 

$    1,401,996

Government agency issued residential

 

 

 

 

 

 

 

 

mortgage-back securities

 

 -

 

366,875 

 

 -

 

366,875 

Government agency issued commercial

 

 

 

 

 

 

 

 

mortgage-back securities

 

 -

 

91,445 

 

 -

 

91,445 

Obligations of states and political

 

 

 

 

 

 

 

 

subdivisions

 

 -

 

565,873 

 

 -

 

565,873 

Other

 

744 

 

7,099 

 

 -

 

7,843 

Mortgage servicing rights

 

 -

 

 -

 

37,882 

 

37,882 

Derivative instruments

 

 -

 

 -

 

55,684 

 

55,684 

Total

 

$         744

 

$    2,433,288

 

$    93,566

 

$    2,527,598

Liabilities:

 

 

 

 

 

 

 

 

Derivative instruments

 

$              -

 

$                   -

 

$    52,773

 

$         52,773

 

Changes In Level Three Assets and Liabilities Measured At Fair Value On A Recurring Basis

 

 

 

 

 

 

 

 

 

Mortgage

 

 

 

Available-

 

 

Servicing

 

Derivative

 

for-sale

 

 

Rights

 

Instruments

 

Securities

 

 

(In thousands)

Balance at December 31, 2012

 

$        37,882

 

$          2,911

 

$              -

Total net gains for the year included in:

 

 

 

 

 

 

Net income (loss)

 

2,690 

 

(2,033)

 

 -

Other comprehensive income

 

 -

 

 -

 

 -

Additions

 

14,090 

 

 -

 

 -

Transfers in and/or out of Level 3

 

 -

 

 -

 

 -

Balance at December 31, 2013

 

$        54,662

 

$             878

 

$              -

Net unrealized gains (losses) included in net income for the

 

 

 

 

 

 

year relating to assets and liabilities held at December 31, 2013

 

$          8,943

 

$          (2,033)

 

$              -

 

 

 

 

 

 

 

 

 

 

 

Mortgage

 

 

 

Available-

 

 

Servicing

 

Derivative

 

for-sale

 

 

Rights

 

Instruments

 

Securities

 

 

(In thousands)

Balance at December 31, 2011

 

$        30,174

 

$             342

 

$              -

Total net gains for the year included in:

 

 

 

 

 

 

Net (loss) income

 

(10,823)

 

2,569 

 

 -

Other comprehensive income

 

 -

 

 -

 

 -

Additions

 

18,531 

 

 -

 

 -

Transfers in and/or out of Level 3

 

 -

 

 -

 

 -

Balance at December 31, 2012

 

$        37,882

 

$          2,911

 

$              -

Net unrealized (losses) gains included in net income for the

 

 

 

 

 

 

year relating to assets and liabilities held at December 31, 2012

 

$          (3,163)

 

$          2,569

 

$              -

 

Assets And Liabilities Recorded At Fair Value On A Nonrecurring Basis

 

 

 

 

 

 

 

 

 

 

 

 

 

December 31, 2013

 

 

 

 

 

 

 

 

 

 

Total

 

 

Level 1

 

Level 2

 

Level 3

 

Total

 

Gains (Losses)

Assets:

 

(In thousands)

Loans held for sale

 

$              -

 

$    69,593

 

$              -

 

$    69,593

 

$                   -

Impaired loans

 

 -

 

 -

 

54,943 

 

54,943 

 

(4,146)

Other real estate owned

 

 -

 

 -

 

69,338 

 

69,338 

 

(17,963)

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

December 31, 2012

 

 

 

 

 

 

 

 

 

 

Total

 

 

Level 1

 

Level 2

 

Level 3

 

Total

 

Gains (Losses)

Assets:

 

(In thousands)

Loans held for sale

 

$              -

 

$  129,138

 

$              -

 

$  129,138

 

$                   -

Impaired loans

 

 -

 

 -

 

156,728 

 

156,728 

 

(10,541)

Other real estate owned

 

 -

 

 -

 

103,248 

 

103,248 

 

(31,055)

 

Carrying And Fair Value Information

 

 

 

 

 

 

 

 

 

 

 

2013

 

2012

 

 

Carrying

 

Fair

 

Carrying

 

Fair

 

 

Value

 

Value

 

Value

 

Value

Assets:

 

(In thousands)

Cash and due from banks

 

$      208,961

 

$      208,961

 

$      223,814

 

$      223,814

Interest bearing deposits with other banks

 

319,462 

 

319,462 

 

979,800 

 

979,800 

Available-for-sale and trading securities

 

2,466,989 

 

2,466,989 

 

2,434,032 

 

2,434,032 

Net loans and leases

 

8,804,779 

 

9,059,171 

 

8,472,523 

 

8,546,810 

Loans held for sale

 

69,593 

 

70,063 

 

129,138 

 

129,230 

 

 

 

 

 

 

 

 

 

Liabilities:

 

 

 

 

 

 

 

 

Noninterest bearing deposits

 

2,644,592 

 

2,644,592 

 

2,545,169 

 

2,545,169 

Savings and interest bearing deposits

 

5,816,580 

 

5,816,580 

 

5,945,281 

 

5,945,281 

Other time deposits

 

2,312,664 

 

2,332,380 

 

2,597,696 

 

2,634,099 

Federal funds purchased and securities

 

 

 

 

 

 

 

 

sold under agreement to repurchase

 

 

 

 

 

 

 

 

and other short-term borrowings

 

421,028 

 

414,238 

 

414,611 

 

414,399 

Long-term debt and other borrowings

 

113,201 

 

112,721 

 

193,867 

 

205,072 

 

 

 

 

 

 

 

 

 

Derivative instruments:

 

 

 

 

 

 

 

 

Forward commitments to sell fixed rate

 

 

 

 

 

 

 

 

  mortgage loans

 

654 

 

654 

 

(536)

 

(536)

Commitments to fund fixed rate

 

 

 

 

 

 

 

 

mortgage loans

 

567 

 

567 

 

4,081 

 

4,081 

Interest rate swap position to receive

 

28,907 

 

28,907 

 

51,517 

 

51,517 

Interest rate swap position to pay

 

(29,249)

 

(29,249)

 

(52,154)

 

(52,154)