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FAIR VALUE DISCLOSURES (Tables)
3 Months Ended
Jun. 30, 2015
FAIR VALUE DISCLOSURES [Abstract]  
Assets And Liabilities Measured At Fair Value On A Recurring Basis

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

June 30, 2015

 

 

Level 1

 

Level 2

 

Level 3

 

Total

 

 

 

 

 

 

 

 

 

Assets:

 

(In thousands)

Available-for-sale securities:

 

 

 

 

 

 

 

 

U.S. Government agencies

 

$                    -

 

$    1,336,846

 

$              -

 

$    1,336,846

Government agency issued residential

 

 

 

 

 

 

 

 

mortgage-backed securities

 

 -

 

217,191 

 

 -

 

217,191 

Government agency issued commercial

 

 

 

 

 

 

 

 

mortgage-backed securities

 

 -

 

224,450 

 

 -

 

224,450 

Obligations of states and

 

 

 

 

 

 

 

 

political subdivisions

 

 -

 

458,322 

 

 -

 

458,322 

Other

 

1,160 

 

13,184 

 

 -

 

14,344 

Mortgage servicing rights

 

 -

 

 -

 

55,924 

 

55,924 

Derivative instruments

 

 -

 

 -

 

25,307 

 

25,307 

Loans held for sale

 

 -

 

199,370 

 

 -

 

199,370 

Total

 

$            1,160

 

$    2,449,363

 

$    81,231

 

$    2,531,754

Liabilities:

 

 

 

 

 

 

 

 

Derivative instruments

 

$                    -

 

$                   -

 

$    18,869

 

$         18,869

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

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

 

 

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, 2014

 

$        51,296

 

$             623

 

$              -

Year to date net gains included in:

 

 

 

 

 

 

Net (loss) gain

 

(2,215)

 

5,815 

 

 -

Other comprehensive income

 

 -

 

 -

 

 -

Additions

 

6,843 

 

 -

 

 -

Transfers in and/or out of Level 3

 

 -

 

 -

 

 -

Balance at June 30, 2015

 

$        55,924

 

$          6,438

 

$              -

Net unrealized gains included in net income for the

 

 

 

 

 

 

quarter relating to assets and liabilities held at June 30, 2015

 

$          4,321

 

$          3,017

 

$              -

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

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

 

$              -

 

Assets And Liabilities Recorded At Fair Value On A Nonrecurring Basis

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

June 30, 2015

 

 

 

 

 

 

 

 

 

 

Total

 

 

Level 1

 

Level 2

 

Level 3

 

Total

 

Losses

 

 

 

 

 

 

 

 

 

 

 

Assets:

 

(In thousands)

Impaired loans

 

$                    -

 

$              -

 

$    35,113

 

35,113 

 

$            (3,942)

Other real estate owned

 

 -

 

 -

 

24,299 

 

24,299 

 

(11,807)

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

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)

 

 

 

 

Carrying And Fair Value Information

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

June 30, 2015

 

December 31, 2014

 

 

Carrying

 

Fair

 

Carrying

 

Fair

 

 

Value

 

Value

 

Value

 

Value

 

 

 

 

 

 

 

 

 

Assets:

 

(In thousands)

Cash and due from banks

 

$      183,541

 

$      183,541

 

$      204,231

 

$      204,231

Interest bearing deposits with other banks

 

34,438 

 

34,438 

 

153,019 

 

153,019 

Available-for-sale securities

 

2,251,153 

 

2,251,153 

 

2,156,927 

 

2,156,927 

Net loans and leases

 

9,869,259 

 

9,967,969 

 

9,570,493 

 

10,066,945 

Loans held for sale

 

199,370 

 

199,370 

 

141,015 

 

141,015 

 

 

 

 

 

 

 

 

 

Liabilities:

 

 

 

 

 

 

 

 

Noninterest bearing deposits

 

2,911,972 

 

2,911,972 

 

2,778,686 

 

2,778,686 

Savings and interest bearing deposits

 

6,289,085 

 

6,289,085 

 

6,200,017 

 

6,200,017 

Other time deposits

 

1,933,904 

 

1,946,877 

 

1,993,636 

 

2,005,023 

Federal funds purchased and securities

 

 

 

 

 

 

 

 

sold under agreement to repurchase

 

 

 

 

 

 

 

 

and other short-term borrowings

 

468,480 

 

468,503 

 

391,666 

 

391,743 

Long-term debt and other borrowings

 

97,177 

 

100,961 

 

101,372 

 

106,218 

 

 

 

 

 

 

 

 

 

Derivative instruments:

 

 

 

 

 

 

 

 

Forward commitments to sell fixed rate

 

 

 

 

 

 

 

 

mortgage loans

 

2,204 

 

2,204 

 

(1,163)

 

(1,163)

Commitments to fund fixed rate

 

 

 

 

 

 

 

 

mortgage loans

 

4,505 

 

4,505 

 

2,137 

 

2,137 

Interest rate swap position to receive

 

18,294 

 

18,294 

 

21,653 

 

21,653 

Interest rate swap position to pay

 

(18,565)

 

(18,565)

 

(22,004)

 

(22,004)