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

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

September 30, 2014

 

 

Level 1

 

Level 2

 

Level 3

 

Total

 

 

 

 

 

 

 

 

 

Assets:

 

(In thousands)

Available-for-sale securities:

 

 

 

 

 

 

 

 

U.S. Government agencies

 

$                    -

 

$    1,238,088

 

$              -

 

$    1,238,088

Government agency issued residential

 

 

 

 

 

 

 

 

mortgage-backed securities

 

 -

 

218,748 

 

 -

 

218,748 

Government agency issued commercial

 

 

 

 

 

 

 

 

mortgage-backed securities

 

 -

 

237,325 

 

 -

 

237,325 

Obligations of states and

 

 

 

 

 

 

 

 

political subdivisions

 

 -

 

509,304 

 

 -

 

509,304 

Other

 

1,094 

 

6,903 

 

 -

 

7,997 

Mortgage servicing rights

 

 -

 

 -

 

53,759 

 

53,759 

Derivative instruments

 

 -

 

 -

 

23,884 

 

23,884 

Loans held for sale

 

 -

 

137,005 

 

 -

 

137,005 

Total

 

$            1,094

 

$    2,347,373

 

$    77,643

 

$    2,426,110

Liabilities:

 

 

 

 

 

 

 

 

Derivative instruments

 

$                    -

 

$                   -

 

$    22,470

 

$         22,470

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

September 30, 2013

 

 

Level 1

 

Level 2

 

Level 3

 

Total

 

 

 

 

 

 

 

 

 

Assets:

 

(In thousands)

Available-for-sale securities:

 

 

 

 

 

 

 

 

U.S. Government agencies

 

$                    -

 

$    1,519,459

 

$              -

 

$    1,519,459

Government agency issued residential

 

 

 

 

 

 

 

 

mortgage-backed securities

 

 -

 

268,367 

 

 -

 

268,367 

Government agency issued commercial

 

 

 

 

 

 

 

 

mortgage-backed securities

 

 -

 

229,412 

 

 -

 

229,412 

Obligations of states and

 

 

 

 

 

 

 

 

political subdivisions

 

 -

 

528,889 

 

 -

 

528,889 

Other

 

1,048 

 

6,981 

 

 -

 

8,029 

Mortgage servicing rights

 

 -

 

 -

 

51,025 

 

51,025 

Derivative instruments

 

 -

 

 -

 

35,004 

 

35,004 

Total

 

$            1,048

 

$    2,553,108

 

$    86,029

 

$    2,640,185

Liabilities:

 

 

 

 

 

 

 

 

Derivative instruments

 

$                    -

 

$                   -

 

$    35,386

 

$         35,386

 

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

 

(7,328)

 

536 

 

 -

Other comprehensive income

 

 -

 

 -

 

 -

Additions

 

6,425 

 

 -

 

 -

Transfers in and/or out of Level 3

 

 -

 

 -

 

 -

Balance at September 30, 2014

 

$        53,759

 

$          1,414

 

$              -

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

 

 

 

 

 

 

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

 

$             648

 

$             (618)

 

$              -

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

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 gain (loss)

 

1,037 

 

(3,293)

 

 -

Other comprehensive income

 

 -

 

 -

 

 -

Additions

 

12,106 

 

 -

 

 -

Transfers in and/or out of Level 3

 

 -

 

 -

 

 -

Balance at September 30, 2013

 

$        51,025

 

$             (382)

 

$              -

Net unrealized losses included in net income for the

 

 

 

 

 

 

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

 

$             (240)

 

$          (7,245)

 

$              -

 

Assets And Liabilities Recorded At Fair Value On A Nonrecurring Basis

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

September 30, 2014

 

 

 

 

 

 

 

 

 

 

Total

 

 

Level 1

 

Level 2

 

Level 3

 

Total

 

Losses

 

 

 

 

 

 

 

 

 

 

 

Assets:

 

(In thousands)

Impaired loans

 

 -

 

 -

 

22,821 

 

22,821 

 

(1,239)

Other real estate owned

 

 -

 

 -

 

42,691 

 

42,691 

 

(15,948)

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

September 30, 2013

 

 

 

 

 

 

 

 

 

 

Total

 

 

Level 1

 

Level 2

 

Level 3

 

Total

 

Losses

 

 

 

 

 

 

 

 

 

 

 

Assets:

 

(In thousands)

Loans held for sale

 

$                    -

 

$     77,114

 

$               -

 

77,114 

 

$                   -

Impaired loans

 

 -

 

 -

 

79,745 

 

79,745 

 

(3,843)

Other real estate owned

 

 -

 

 -

 

76,853 

 

76,853 

 

(20,332)

 

Carrying And Fair Value Information

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

September 30, 2014

 

December 31, 2013

 

 

Carrying

 

Fair

 

Carrying

 

Fair

 

 

Value

 

Value

 

Value

 

Value

 

 

 

 

 

 

 

 

 

Assets:

 

(In thousands)

Cash and due from banks

 

$      169,226

 

$      169,226

 

$      208,961

 

$      208,961

Interest bearing deposits with other banks

 

70,408 

 

70,408 

 

319,462 

 

319,462 

Available-for-sale securities

 

2,211,462 

 

2,211,462 

 

2,466,989 

 

2,466,989 

Net loans and leases

 

9,366,592 

 

9,822,000 

 

8,804,779 

 

9,059,171 

Loans held for sale

 

137,005 

 

137,005 

 

69,593 

 

70,063 

 

 

 

 

 

 

 

 

 

Liabilities:

 

 

 

 

 

 

 

 

Noninterest bearing deposits

 

2,811,156 

 

2,811,156 

 

2,644,592 

 

2,644,592 

Savings and interest bearing deposits

 

5,810,149 

 

5,810,149 

 

5,816,580 

 

5,816,580 

Other time deposits

 

2,080,232 

 

2,092,783 

 

2,312,664 

 

2,332,380 

Federal funds purchased and securities

 

 

 

 

 

 

 

 

sold under agreement to repurchase

 

 

 

 

 

 

 

 

and other short-term borrowings

 

433,428 

 

433,468 

 

421,028 

 

414,238 

Long-term debt and other borrowings

 

104,969 

 

107,649 

 

113,201 

 

112,721 

 

 

 

 

 

 

 

 

 

Derivative instruments:

 

 

 

 

 

 

 

 

Forward commitments to sell fixed rate

 

 

 

 

 

 

 

 

mortgage loans

 

(291)

 

(291)

 

654 

 

654 

Commitments to fund fixed rate

 

 

 

 

 

 

 

 

mortgage loans

 

2,144 

 

2,144 

 

567 

 

567 

Interest rate swap position to receive

 

21,704 

 

21,704 

 

28,907 

 

28,907 

Interest rate swap position to pay

 

22,056 

 

22,056 

 

(29,249)

 

(29,249)