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FAIR VALUE DISCLOSURES (Tables)
3 Months Ended
Jun. 30, 2014
FAIR VALUE DISCLOSURES [Abstract]  
Assets And Liabilities Measured At Fair Value On A Recurring Basis

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

June 30, 2014

 

 

Level 1

 

Level 2

 

Level 3

 

Total

 

 

 

 

 

 

 

 

 

Assets:

 

(In thousands)

Available-for-sale securities:

 

 

 

 

 

 

 

 

U.S. Government agencies

 

$                    -

 

$    1,333,368

 

$              -

 

$    1,333,368

Government agency issued residential

 

 

 

 

 

 

 

 

mortgage-backed securities

 

 -

 

229,414 

 

 -

 

229,414 

Government agency issued commercial

 

 

 

 

 

 

 

 

mortgage-backed securities

 

 -

 

237,321 

 

 -

 

237,321 

Obligations of states and

 

 

 

 

 

 

 

 

political subdivisions

 

 -

 

520,897 

 

 -

 

520,897 

Other

 

1,090 

 

10,102 

 

 -

 

11,192 

Mortgage servicing rights

 

 -

 

 -

 

52,272 

 

52,272 

Derivative instruments

 

 -

 

 -

 

29,625 

 

29,625 

Loans held for sale

 

 -

 

105,643 

 

 -

 

105,643 

Total

 

$            1,090

 

$    2,436,745

 

$    81,897

 

$    2,519,732

Liabilities:

 

 

 

 

 

 

 

 

Derivative instruments

 

$                    -

 

$                   -

 

$    27,593

 

$         27,593

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

June 30, 2013

 

 

Level 1

 

Level 2

 

Level 3

 

Total

 

 

 

 

 

 

 

 

 

Assets:

 

(In thousands)

Available-for-sale securities:

 

 

 

 

 

 

 

 

U.S. Government agencies

 

$                    -

 

$    1,581,570

 

$              -

 

$    1,581,570

Government agency issued residential

 

 

 

 

 

 

 

 

mortgage-backed securities

 

 -

 

292,586 

 

 -

 

292,586 

Government agency issued commercial

 

 

 

 

 

 

 

 

mortgage-backed securities

 

 -

 

227,381 

 

 -

 

227,381 

Obligations of states and

 

 

 

 

 

 

 

 

political subdivisions

 

 -

 

535,337 

 

 -

 

535,337 

Other

 

955 

 

7,110 

 

 -

 

8,065 

Mortgage servicing rights

 

 -

 

 -

 

49,001 

 

49,001 

Derivative instruments

 

 -

 

 -

 

43,337 

 

43,337 

Total

 

$               955

 

$    2,643,984

 

$    92,338

 

$    2,737,277

Liabilities:

 

 

 

 

 

 

 

 

Derivative instruments

 

$                    -

 

$                   -

 

$    36,474

 

$         36,474

 

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, 2013

 

$        54,662

 

$             878

 

$              -

Year to date net gains included in:

 

 

 

 

 

 

Net (loss) gain

 

(6,415)

 

1,154 

 

 -

Other comprehensive income

 

 -

 

 -

 

 -

Additions

 

4,025 

 

 -

 

 -

Transfers in and/or out of Level 3

 

 -

 

 -

 

 -

Balance at June 30, 2014

 

$        52,272

 

$          2,032

 

$              -

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

 

 

 

 

 

 

quarter relating to assets and liabilities held at June 30, 2014

 

$          (2,111)

 

$          1,417

 

$              -

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Mortgage

 

 

 

Available-

 

 

Servicing

 

Derivative

 

for-sale

 

 

Rights

 

Instruments

 

Securities

 

 

 

 

 

 

 

 

 

(In thousands)

Balance at December 31, 2012

 

$        37,882

 

$          2,911

 

$              -

Year to date net gains (losses) included in:

 

 

 

 

 

 

Net loss

 

2,839 

 

3,952 

 

 -

Other comprehensive income

 

 -

 

 -

 

 -

Additions

 

8,280 

 

 -

 

 -

Transfers in and/or out of Level 3

 

 -

 

 -

 

 -

Balance at June 30, 2013

 

$        49,001

 

$          6,863

 

$              -

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

 

 

 

 

 

 

quarter relating to assets and liabilities held at June 30, 2013

 

$          5,252

 

$          4,722

 

$              -

 

Assets And Liabilities Recorded At Fair Value On A Nonrecurring Basis

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

June 30, 2014

 

 

 

 

 

 

 

 

 

 

Total

 

 

Level 1

 

Level 2

 

Level 3

 

Total

 

Losses

 

 

 

 

 

 

 

 

 

 

 

Assets:

 

(In thousands)

Impaired loans

 

 -

 

 -

 

30,128 

 

30,128 

 

(1,371)

Other real estate owned

 

 -

 

 -

 

55,253 

 

55,253 

 

(17,357)

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

June 30, 2013

 

 

 

 

 

 

 

 

 

 

Total

 

 

Level 1

 

Level 2

 

Level 3

 

Total

 

Losses

 

 

 

 

 

 

 

 

 

 

 

Assets:

 

(In thousands)

Loans held for sale

 

$                    -

 

$    111,574

 

$                -

 

$    111,574

 

$                   -

Impaired loans

 

 -

 

 -

 

105,492 

 

105,492 

 

(7,965)

Other real estate owned

 

 -

 

 -

 

88,438 

 

88,438 

 

(24,073)

 

Carrying And Fair Value Information

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

June 30, 2014

 

December 31, 2013

 

 

Carrying

 

Fair

 

Carrying

 

Fair

 

 

Value

 

Value

 

Value

 

Value

 

 

 

 

 

 

 

 

 

Assets:

 

(In thousands)

Cash and due from banks

 

$      201,196

 

$      201,196

 

$      208,961

 

$      208,961

Interest bearing deposits with other banks

 

44,949 

 

44,949 

 

319,462 

 

319,462 

Available-for-sale securities

 

2,332,192 

 

2,332,192 

 

2,466,989 

 

2,466,989 

Net loans and leases

 

9,164,529 

 

9,527,050 

 

8,804,779 

 

9,059,171 

Loans held for sale

 

105,643 

 

105,643 

 

69,593 

 

70,063 

 

 

 

 

 

 

 

 

 

Liabilities:

 

 

 

 

 

 

 

 

Noninterest bearing deposits

 

2,718,242 

 

2,718,242 

 

2,644,592 

 

2,644,592 

Savings and interest bearing deposits

 

5,810,963 

 

5,810,963 

 

5,816,580 

 

5,816,580 

Other time deposits

 

2,141,209 

 

2,157,507 

 

2,312,664 

 

2,332,380 

Federal funds purchased and securities

 

 

 

 

 

 

 

 

sold under agreement to repurchase

 

 

 

 

 

 

 

 

and other short-term borrowings

 

396,446 

 

396,444 

 

421,028 

 

414,238 

Long-term debt and other borrowings

 

107,066 

 

110,125 

 

113,201 

 

112,721 

 

 

 

 

 

 

 

 

 

Derivative instruments:

 

 

 

 

 

 

 

 

Forward commitments to sell fixed rate

 

 

 

 

 

 

 

 

mortgage loans

 

(1,020)

 

(1,020)

 

654 

 

654 

Commitments to fund fixed rate

 

 

 

 

 

 

 

 

mortgage loans

 

3,468 

 

3,468 

 

567 

 

567 

Interest rate swap position to receive

 

26,018 

 

26,018 

 

28,907 

 

28,907 

Interest rate swap position to pay

 

(26,434)

 

(26,434)

 

(29,249)

 

(29,249)