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

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

September 30, 2015

 

 

Level 1

 

Level 2

 

Level 3

 

Total

 

 

 

 

 

 

 

 

 

Assets:

 

(In thousands)

Available-for-sale securities:

 

 

 

 

 

 

 

 

U.S. Government agencies

 

$                    -

 

$    1,255,717

 

$              -

 

$    1,255,717

Government agency issued residential

 

 

 

 

 

 

 

 

mortgage-backed securities

 

 -

 

206,878 

 

 -

 

206,878 

Government agency issued commercial

 

 

 

 

 

 

 

 

mortgage-backed securities

 

 -

 

229,922 

 

 -

 

229,922 

Obligations of states and

 

 

 

 

 

 

 

 

political subdivisions

 

 -

 

451,600 

 

 -

 

451,600 

Other

 

790 

 

16,218 

 

 -

 

17,008 

Mortgage servicing rights

 

 -

 

 -

 

52,973 

 

52,973 

Derivative instruments

 

 -

 

 -

 

24,197 

 

24,197 

Loans held for sale

 

 -

 

170,175 

 

 -

 

170,175 

Total

 

$               790

 

$    2,330,510

 

$    77,170

 

$    2,408,470

Liabilities:

 

 

 

 

 

 

 

 

Derivative instruments

 

$                    -

 

$                   -

 

$    21,668

 

$         21,668

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

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

 

 

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

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Mortgage

 

 

 

 

Servicing

 

Derivative

 

 

Rights

 

Instruments

 

 

 

 

 

 

 

(In thousands)

Balance at December 31, 2014

 

$        51,296

 

$             623

Year to date net gains included in:

 

 

 

 

Net (loss) gain

 

(9,397)

 

1,906 

Other comprehensive income

 

 -

 

 -

Additions

 

11,074 

 

 -

Transfers in and/or out of Level 3

 

 -

 

 -

Balance at September 30, 2015

 

$        52,973

 

$          2,529

Net unrealized losses included in net income for the

 

 

 

 

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

 

$          (5,308)

 

$          (3,909)

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Mortgage

 

 

 

 

Servicing

 

Derivative

 

 

Rights

 

Instruments

 

 

 

 

 

 

 

(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)

 

Assets And Liabilities Recorded At Fair Value On A Nonrecurring Basis

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

September 30, 2015

 

 

 

 

 

 

 

 

 

 

Total

 

 

Level 1

 

Level 2

 

Level 3

 

Total

 

Losses

 

 

 

 

 

 

 

 

 

 

 

Assets:

 

(In thousands)

Impaired loans

 

$                    -

 

$              -

 

$    40,736

 

40,736 

 

$            (5,353)

Other real estate owned

 

 -

 

 -

 

23,696 

 

23,696 

 

(12,073)

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

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)

 

 

 

 

Carrying And Fair Value Information

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

September 30, 2015

 

December 31, 2014

 

 

Carrying

 

Fair

 

Carrying

 

Fair

 

 

Value

 

Value

 

Value

 

Value

 

 

 

 

 

 

 

 

 

Assets:

 

(In thousands)

Cash and due from banks

 

$      159,923

 

$      159,923

 

$      204,231

 

$      204,231

Interest bearing deposits with other banks

 

113,068 

 

113,068 

 

153,019 

 

153,019 

Available-for-sale securities

 

2,161,125 

 

2,161,125 

 

2,156,927 

 

2,156,927 

Net loans and leases

 

10,086,567 

 

10,207,723 

 

9,570,493 

 

10,066,945 

Loans held for sale

 

170,175 

 

170,175 

 

141,015 

 

141,015 

 

 

 

 

 

 

 

 

 

Liabilities:

 

 

 

 

 

 

 

 

Noninterest bearing deposits

 

3,053,439 

 

3,053,439 

 

2,778,686 

 

2,778,686 

Savings and interest bearing deposits

 

6,204,512 

 

6,204,512 

 

6,200,017 

 

6,200,017 

Other time deposits

 

1,883,995 

 

1,897,196 

 

1,993,636 

 

2,005,023 

Federal funds purchased and securities

 

 

 

 

 

 

 

 

sold under agreement to repurchase

 

 

 

 

 

 

 

 

and other short-term borrowings

 

649,703 

 

649,707 

 

391,666 

 

391,743 

Long-term debt and other borrowings

 

95,079 

 

101,026 

 

101,372 

 

106,218 

 

 

 

 

 

 

 

 

 

Derivative instruments:

 

 

 

 

 

 

 

 

Forward commitments to sell fixed rate

 

 

 

 

 

 

 

 

mortgage loans

 

(2,072)

 

(2,072)

 

(1,163)

 

(1,163)

Commitments to fund fixed rate

 

 

 

 

 

 

 

 

mortgage loans

 

4,901 

 

4,901 

 

2,137 

 

2,137 

Interest rate swap position to receive

 

19,297 

 

19,297 

 

21,653 

 

21,653 

Interest rate swap position to pay

 

(19,596)

 

(19,596)

 

(22,004)

 

(22,004)