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FAIR VALUE DISCLOSURES (Tables)
6 Months Ended
Jun. 30, 2016
FAIR VALUE DISCLOSURES [Abstract]  
Assets And Liabilities Measured At Fair Value On A Recurring Basis









 

 

 

 

 

 

 

 



 

 

 

 

 

 

 

 



 

June 30, 2016



 

Level 1

 

Level 2

 

Level 3

 

Total



 

 

 

 

 

 

 

 

Assets:

 

(In thousands)

Available-for-sale securities:

 

 

 

 

 

 

 

 

U.S. Government agencies

 

$                    -

 

$    1,310,803

 

$              -

 

$    1,310,803

Government agency issued residential

 

 

 

 

 

 

 

 

mortgage-backed securities

 

 -

 

180,178 

 

 -

 

180,178 

Government agency issued commercial

 

 

 

 

 

 

 

 

mortgage-backed securities

 

 -

 

193,475 

 

 -

 

193,475 

Obligations of states and

 

 

 

 

 

 

 

 

political subdivisions

 

 -

 

399,391 

 

 -

 

399,391 

Other

 

795 

 

19,241 

 

 -

 

20,036 

Mortgage servicing rights

 

 -

 

 -

 

48,108 

 

48,108 

Derivative instruments

 

 -

 

 -

 

25,452 

 

25,452 

Loans held for sale

 

 -

 

210,698 

 

 -

 

210,698 

Total

 

$               795

 

$    2,313,786

 

$    73,560

 

$    2,388,141

Liabilities:

 

 

 

 

 

 

 

 

Derivative instruments

 

$                    -

 

$                   -

 

$    20,423

 

$         20,423









 

 

 

 

 

 

 

 



 

 

 

 

 

 

 

 



 

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



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

 

(15,495)

 

1,772 

Other comprehensive income

 

 -

 

 -

Additions

 

6,335 

 

 -

Transfers in and/or out of Level 3

 

 -

 

 -

Balance at June 30, 2016

 

$        48,108

 

$          5,029

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

 

 

 

 

quarter relating to Level 3 assets and liabilities at June 30, 2016

 

$          (4,092)

 

$             639







 

 

 

 



 

 

 

 



 

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

 

(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 Level 3 assets and liabilities at June 30, 2015

 

$          4,321

 

$          3,017



Assets And Liabilities Recorded At Fair Value On A Nonrecurring Basis









 

 

 

 

 

 

 

 

 

 



 

 

 

 

 

 

 

 

 

 



 

June 30, 2016

 

Six Months Ended



 

 

 

 

 

 

 

 

 

June 30, 2016



 

Level 1

 

Level 2

 

Level 3

 

Total

 

Net losses

Assets:

 

(In thousands)

Impaired loans

 

$                    -

 

$               -

 

$     40,236

 

$     40,236

 

$                (1,380)

Other real estate owned

 

 -

 

 -

 

14,658 

 

14,658 

 

(1,168)







 

 

 

 

 

 

 

 

 

 



 

 

 

 

 

 

 

 

 

 



 

June 30, 2015

 

Six Months Ended



 

 

 

 

 

 

 

 

 

June 30, 2015



 

Level 1

 

Level 2

 

Level 3

 

Total

 

Net losses

Assets:

 

(In thousands)

Impaired loans

 

$                    -

 

$               -

 

$     35,113

 

$     35,113

 

$                (3,454)

Other real estate owned

 

 -

 

 -

 

24,299 

 

24,299 

 

(3,198)





Carrying And Fair Value Information



 

 

 

 

 

 

 

 



 

 

 

 

 

 

 

 



 

June 30, 2016

 

December 31, 2015



 

Carrying

 

Fair

 

Carrying

 

Fair



 

Value

 

Value

 

Value

 

Value



 

 

 

 

 

 

 

 

Assets:

 

(In thousands)

Cash and due from banks

 

$      186,381

 

$      186,381

 

$      154,192

 

$      154,192

Interest bearing deposits with other banks

 

86,472 

 

86,472 

 

43,777 

 

43,777 

Available-for-sale securities

 

2,103,883 

 

2,103,883 

 

2,082,329 

 

2,082,329 

Net loans and leases

 

10,449,043 

 

10,600,855 

 

10,246,320 

 

10,331,043 

Loans held for sale

 

210,698 

 

210,698 

 

157,907 

 

157,907 



 

 

 

 

 

 

 

 

Liabilities:

 

 

 

 

 

 

 

 

Noninterest bearing deposits

 

3,133,460 

 

3,133,460 

 

3,031,528 

 

3,031,528 

Savings and interest bearing deposits

 

6,351,398 

 

6,351,398 

 

6,446,142 

 

6,446,142 

Other time deposits

 

1,879,509 

 

1,895,455 

 

1,853,491 

 

1,867,034 

Federal funds purchased and securities

 

 

 

 

 

 

 

 

sold under agreement to repurchase

 

 

 

 

 

 

 

 

and other short-term borrowings

 

415,949 

 

415,357 

 

467,946 

 

467,263 

Long-term debt and other borrowings

 

388,786 

 

398,262 

 

92,973 

 

98,502 



 

 

 

 

 

 

 

 

Derivative instruments:

 

 

 

 

 

 

 

 

Forward commitments to sell fixed rate

 

 

 

 

 

 

 

 

mortgage loans

 

(3,569)

 

(3,569)

 

109 

 

109 

Commitments to fund fixed rate

 

 

 

 

 

 

 

 

mortgage loans

 

8,840 

 

8,840 

 

3,390 

 

3,390 

Interest rate swap position to receive

 

16,612 

 

16,612 

 

15,614 

 

15,614 

Interest rate swap position to pay

 

(16,854)

 

(16,854)

 

(15,856)

 

(15,856)