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FAIR VALUE DISCLOSURES (Tables)
12 Months Ended
Dec. 31, 2015
FAIR VALUE DISCLOSURES [Abstract]  
Assets And Liabilities Measured At Fair Value On A Recurring Basis

 

 

 

 

 

 

 

 

 

 

 

 

 

December 31, 2015

 

 

Level 1

 

Level 2

 

Level 3

 

Total

Assets:

 

(In thousands)

Available-for-sale securities:

 

 

 

 

 

 

 

 

U.S. Government agencies

 

$              -

 

$    1,244,640

 

$              -

 

$    1,244,640

Government agency issued residential

 

 

 

 

 

 

 

 

mortgage-back securities

 

 -

 

140,540 

 

 -

 

140,540 

Government agency issued commercial

 

 

 

 

 

 

 

 

mortgage-back securities

 

 -

 

260,693 

 

 -

 

260,693 

Obligations of states and political

 

 

 

 

 

 

 

 

subdivisions

 

 -

 

417,499 

 

 -

 

417,499 

Other

 

776 

 

18,181 

 

 -

 

18,957 

Mortgage servicing rights

 

 -

 

 -

 

57,268 

 

57,268 

Derivative instruments

 

 -

 

 -

 

19,508 

 

19,508 

Loans held for sale

 

 -

 

157,907 

 

 -

 

157,907 

Total

 

$         776

 

$    2,239,460

 

$    76,776

 

$    2,317,012

Liabilities:

 

 

 

 

 

 

 

 

Derivative instruments

 

$              -

 

$                   -

 

$    16,251

 

$         16,251

 

 

 

 

 

 

 

 

 

 

 

 

 

 

December 31, 2014

 

 

Level 1

 

Level 2

 

Level 3

 

Total

Assets:

 

(In thousands)

Available-for-sale securities:

 

 

 

 

 

 

 

 

U.S. Government agencies

 

$              -

 

$    1,215,054

 

$              -

 

$    1,215,054

Government agency issued residential

 

 

 

 

 

 

 

 

mortgage-back securities

 

 -

 

209,230 

 

 -

 

209,230 

Government agency issued commercial

 

 

 

 

 

 

 

 

mortgage-back securities

 

 -

 

240,568 

 

 -

 

240,568 

Obligations of states and political

 

 

 

 

 

 

 

 

subdivisions

 

 -

 

483,864 

 

 -

 

483,864 

Other

 

1,302 

 

6,909 

 

 -

 

8,211 

Mortgage servicing rights

 

 -

 

 -

 

51,296 

 

51,296 

Derivative instruments

 

 -

 

 -

 

23,830 

 

23,830 

Loans held for sale

 

 -

 

141,015 

 

 -

 

141,015 

Total

 

$      1,302

 

$    2,296,640

 

$    75,126

 

$    2,373,068

Liabilities:

 

 

 

 

 

 

 

 

Derivative instruments

 

$              -

 

$                   -

 

$    23,207

 

$         23,207

 

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

 

$              -

Total net gains for the year included in:

 

 

 

 

 

 

Net (loss) gain

 

(8,167)

 

2,634 

 

 -

Other comprehensive income

 

 -

 

 -

 

 -

Additions

 

14,139 

 

 -

 

 -

Transfers in and/or out of Level 3

 

 -

 

 -

 

 -

Balance at December 31, 2015

 

$        57,268

 

$          3,257

 

$              -

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

 

 

 

 

 

 

year relating to assets and liabilities held at December 31, 2015

 

$          (1,161)

 

$          2,634

 

$              -

 

 

 

 

 

 

 

 

 

 

 

Mortgage

 

 

 

Available-

 

 

Servicing

 

Derivative

 

for-sale

 

 

Rights

 

Instruments

 

Securities

 

 

(In thousands)

Balance at December 31, 2013

 

$        54,662

 

$             878

 

$              -

Total net gains for the year included in:

 

 

 

 

 

 

Net loss

 

(12,244)

 

(255)

 

 -

Other comprehensive income

 

 -

 

 -

 

 -

Additions

 

8,878 

 

 -

 

 -

Transfers in and/or out of Level 3

 

 -

 

 -

 

 -

Balance at December 31, 2014

 

$        51,296

 

$             623

 

$              -

Net unrealized losses included in net income for the

 

 

 

 

 

 

year relating to assets and liabilities held at December 31, 2014

 

$          (6,444)

 

$             (255)

 

$              -

 

Assets And Liabilities Recorded At Fair Value On A Nonrecurring Basis

 

 

 

 

 

 

 

 

 

 

 

 

 

December 31, 2015

 

 

 

 

 

 

 

 

 

 

Total

 

 

Level 1

 

Level 2

 

Level 3

 

Total

 

Gains (Losses)

Assets:

 

(In thousands)

Impaired loans

 

 -

 

 -

 

51,392 

 

51,392 

 

(2,350)

Other real estate owned

 

 -

 

 -

 

14,759 

 

14,759 

 

(7,745)

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

December 31, 2014

 

 

 

 

 

 

 

 

 

 

Total

 

 

Level 1

 

Level 2

 

Level 3

 

Total

 

Gains (Losses)

Assets:

 

(In thousands)

Impaired loans

 

 -

 

 -

 

28,101 

 

28,101 

 

(1,519)

Other real estate owned

 

 -

 

 -

 

33,984 

 

33,984 

 

(11,974)

 

Carrying And Fair Value Information

 

 

 

 

 

 

 

 

 

 

 

2015

 

2014

 

 

Carrying

 

Fair

 

Carrying

 

Fair

 

 

Value

 

Value

 

Value

 

Value

Assets:

 

(In thousands)

Cash and due from banks

 

$      154,192

 

$      154,192

 

$      204,231

 

$      204,231

Interest bearing deposits with other banks

 

43,777 

 

43,777 

 

153,019 

 

153,019 

Available for sale securities

 

2,082,329 

 

2,082,329 

 

2,156,927 

 

2,156,927 

Net loans and leases

 

10,246,320 

 

10,331,043 

 

9,570,493 

 

10,066,945 

Loans held for sale

 

157,907 

 

157,907 

 

141,015 

 

141,015 

 

 

 

 

 

 

 

 

 

Liabilities:

 

 

 

 

 

 

 

 

Noninterest bearing deposits

 

3,031,528 

 

3,031,528 

 

2,778,686 

 

2,778,686 

Savings and interest bearing deposits

 

6,446,142 

 

6,446,142 

 

6,200,017 

 

6,200,017 

Other time deposits

 

1,853,491 

 

1,867,034 

 

1,993,636 

 

2,005,023 

Federal funds purchased and securities

 

 

 

 

 

 

 

 

sold under agreement to repurchase

 

 

 

 

 

 

 

 

and other short-term borrowings

 

467,946 

 

467,263 

 

391,666 

 

391,743 

Long-term debt and other borrowings

 

92,973 

 

98,502 

 

101,372 

 

106,218 

 

 

 

 

 

 

 

 

 

Derivative instruments:

 

 

 

 

 

 

 

 

Forward commitments to sell fixed rate

 

 

 

 

 

 

 

 

  mortgage loans

 

109 

 

109 

 

(1,163)

 

(1,163)

Commitments to fund fixed rate

 

 

 

 

 

 

 

 

mortgage loans

 

3,390 

 

3,390 

 

2,137 

 

2,137 

Interest rate swap position to receive

 

15,614 

 

15,614 

 

21,653 

 

21,653 

Interest rate swap position to pay

 

(15,856)

 

(15,856)

 

(22,004)

 

(22,004)