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FAIR VALUE DISCLOSURES (Tables)
3 Months Ended
Mar. 31, 2016
FAIR VALUE DISCLOSURES [Abstract]  
Assets And Liabilities Measured At Fair Value On A Recurring Basis









 

 

 

 

 

 

 

 



 

 

 

 

 

 

 

 



 

March 31, 2016



 

Level 1

 

Level 2

 

Level 3

 

Total



 

 

 

 

 

 

 

 

Assets:

 

(In thousands)

Available-for-sale securities:

 

 

 

 

 

 

 

 

U.S. Government agencies

 

$                    -

 

$    1,196,167

 

$              -

 

$    1,196,167

Government agency issued residential

 

 

 

 

 

 

 

 

mortgage-backed securities

 

 -

 

189,741 

 

 -

 

189,741 

Government agency issued commercial

 

 

 

 

 

 

 

 

mortgage-backed securities

 

 -

 

207,908 

 

 -

 

207,908 

Obligations of states and

 

 

 

 

 

 

 

 

political subdivisions

 

 -

 

408,537 

 

 -

 

408,537 

Other

 

810 

 

13,210 

 

 -

 

14,020 

Mortgage servicing rights

 

 -

 

 -

 

50,544 

 

50,544 

Derivative instruments

 

 -

 

 -

 

23,479 

 

23,479 

Loans held for sale

 

 -

 

150,046 

 

 -

 

150,046 

Total

 

$               810

 

$    2,165,609

 

$    74,023

 

$    2,240,442

Liabilities:

 

 

 

 

 

 

 

 

Derivative instruments

 

$                    -

 

$                   -

 

$    19,089

 

$         19,089









 

 

 

 

 

 

 

 



 

 

 

 

 

 

 

 



 

March 31, 2015



 

Level 1

 

Level 2

 

Level 3

 

Total



 

 

 

 

 

 

 

 

Assets:

 

(In thousands)

Available-for-sale securities:

 

 

 

 

 

 

 

 

U.S. Government agencies

 

$                    -

 

$    1,286,981

 

$              -

 

$    1,286,981

Government agency issued residential

 

 

 

 

 

 

 

 

mortgage-backed securities

 

 -

 

200,381 

 

 -

 

200,381 

Government agency issued commercial

 

 

 

 

 

 

 

 

mortgage-backed securities

 

 -

 

227,409 

 

 -

 

227,409 

Obligations of states and

 

 

 

 

 

 

 

 

political subdivisions

 

 -

 

471,539 

 

 -

 

471,539 

Other

 

1,214 

 

6,849 

 

 -

 

8,063 

Mortgage servicing rights

 

 -

 

 -

 

49,190 

 

49,190 

Derivative instruments

 

 -

 

 -

 

27,145 

 

27,145 

Loans held for sale

 

 -

 

186,510 

 

 -

 

186,510 

Total

 

$            1,214

 

$    2,379,669

 

$    76,335

 

$    2,457,218

Liabilities:

 

 

 

 

 

 

 

 

Derivative instruments

 

$                    -

 

$                   -

 

$    23,724

 

$         23,724



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, 2015

 

$        57,268

 

$          3,257

Year to date net gains included in:

 

 

 

 

Net (loss) gain

 

(9,336)

 

1,133 

Other comprehensive income

 

 -

 

 -

Additions

 

2,612 

 

 -

Transfers in and/or out of Level 3

 

 -

 

 -

Balance at March 31, 2016

 

$        50,544

 

$          4,390

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

 

 

 

 

quarter relating to assets and liabilities held at March 31, 2016

 

$          (7,954)

 

$          1,133







 

 

 

 



 

 

 

 



 

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

 

(4,605)

 

2,798 

Other comprehensive income

 

 -

 

 -

Additions

 

2,499 

 

 -

Transfers in and/or out of Level 3

 

 -

 

 -

Balance at March 31, 2015

 

$        49,190

 

$          3,421

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

 

 

 

 

quarter relating to assets and liabilities held at March 31, 2015

 

$          (3,039)

 

$          2,798



Assets And Liabilities Recorded At Fair Value On A Nonrecurring Basis









 

 

 

 

 

 

 

 

 

 



 

 

 

 

 

 

 

 

 

 



 

March 31, 2016



 

 

 

 

 

 

 

 

 

Total



 

Level 1

 

Level 2

 

Level 3

 

Total

 

Losses



 

 

 

 

 

 

 

 

 

 

Assets:

 

(In thousands)

Impaired loans

 

$                    -

 

$              -

 

$    49,646

 

49,646 

 

$            (2,270)

Other real estate owned

 

 -

 

 -

 

12,685 

 

12,685 

 

(7,036)





 

 

 

 

 

 

 

 

 

 



 

 

 

 

 

 

 

 

 

 



 

March 31, 2015



 

 

 

 

 

 

 

 

 

Total



 

Level 1

 

Level 2

 

Level 3

 

Total

 

Losses



 

 

 

 

 

 

 

 

 

 

Assets:

 

(In thousands)

Impaired loans

 

 -

 

 -

 

24,837 

 

24,837 

 

(388)

Other real estate owned

 

 -

 

 -

 

27,889 

 

27,889 

 

(11,725)



Carrying And Fair Value Information



 

 

 

 

 

 

 

 



 

 

 

 

 

 

 

 



 

March 31, 2016

 

December 31, 2015



 

Carrying

 

Fair

 

Carrying

 

Fair



 

Value

 

Value

 

Value

 

Value



 

 

 

 

 

 

 

 

Assets:

 

(In thousands)

Cash and due from banks

 

$      197,538

 

$      197,538

 

$      154,192

 

$      154,192

Interest bearing deposits with other banks

 

148,915 

 

148,915 

 

43,777 

 

43,777 

Available-for-sale securities

 

2,016,373 

 

2,016,373 

 

2,082,329 

 

2,082,329 

Net loans and leases

 

10,318,191 

 

10,458,334 

 

10,246,320 

 

10,331,043 

Loans held for sale

 

150,046 

 

150,046 

 

157,907 

 

157,907 



 

 

 

 

 

 

 

 

Liabilities:

 

 

 

 

 

 

 

 

Noninterest bearing deposits

 

3,103,321 

 

3,103,321 

 

3,031,528 

 

3,031,528 

Savings and interest bearing deposits

 

6,540,507 

 

6,540,507 

 

6,446,142 

 

6,446,142 

Other time deposits

 

1,842,869 

 

1,856,817 

 

1,853,491 

 

1,867,034 

Federal funds purchased and securities

 

 

 

 

 

 

 

 

sold under agreement to repurchase

 

 

 

 

 

 

 

 

and other short-term borrowings

 

431,093 

 

430,343 

 

467,946 

 

467,263 

Long-term debt and other borrowings

 

90,879 

 

99,279 

 

92,973 

 

98,502 



 

 

 

 

 

 

 

 

Derivative instruments:

 

 

 

 

 

 

 

 

Forward commitments to sell fixed rate

 

 

 

 

 

 

 

 

mortgage loans

 

(1,804)

 

(1,804)

 

109 

 

109 

Commitments to fund fixed rate

 

 

 

 

 

 

 

 

mortgage loans

 

6,436 

 

6,436 

 

3,390 

 

3,390 

Interest rate swap position to receive

 

17,043 

 

17,043 

 

15,614 

 

15,614 

Interest rate swap position to pay

 

(17,285)

 

(17,285)

 

(15,856)

 

(15,856)