XML 47 R35.htm IDEA: XBRL DOCUMENT v3.5.0.2
FAIR VALUE DISCLOSURES (Tables)
9 Months Ended
Sep. 30, 2016
FAIR VALUE DISCLOSURES [Abstract]  
Assets And Liabilities Measured At Fair Value On A Recurring Basis









 

 

 

 

 

 

 

 



 

 

 

 

 

 

 

 



 

September 30, 2016



 

Level 1

 

Level 2

 

Level 3

 

Total



 

 

 

 

 

 

 

 

Assets:

 

(In thousands)

Available-for-sale securities:

 

 

 

 

 

 

 

 

U.S. Government agencies

 

$                    -

 

$    1,691,866

 

$              -

 

$    1,691,866

U.S. Government agency issued residential

 

 

 

 

 

 

 

 

mortgage-backed securities

 

 -

 

184,095 

 

 -

 

184,095 

U.S. Government agency issued commercial

 

 

 

 

 

 

 

 

mortgage-backed securities

 

 -

 

178,827 

 

 -

 

178,827 

Obligations of states and

 

 

 

 

 

 

 

 

political subdivisions

 

 -

 

384,995 

 

 -

 

384,995 

Other

 

959 

 

27,457 

 

 -

 

28,416 

Mortgage servicing rights

 

 -

 

 -

 

51,930 

 

51,930 

Derivative instruments

 

 -

 

 -

 

20,741 

 

20,741 

Loans held for sale

 

 -

 

204,441 

 

 -

 

204,441 

Total

 

$               959

 

$    2,671,681

 

$    72,671

 

$    2,745,311

Liabilities:

 

 

 

 

 

 

 

 

Derivative instruments

 

$                    -

 

$                   -

 

$    15,168

 

$         15,168









 

 

 

 

 

 

 

 



 

 

 

 

 

 

 

 



 

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

U.S. Government agency issued residential

 

 

 

 

 

 

 

 

mortgage-backed securities

 

 -

 

206,878 

 

 -

 

206,878 

U.S. 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



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

 

(16,022)

 

2,316 

Other comprehensive income

 

 -

 

 -

Additions

 

10,684 

 

 -

Transfers in and/or out of Level 3

 

 -

 

 -

Balance at September 30, 2016

 

$        51,930

 

$          5,573

Net unrealized gains included in net income for the

 

 

 

 

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

 

$          1,813

 

$             544





 

 

 

 



 

 

 

 



 

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 Level 3 assets and liabilities at September 30, 2015

 

$          (5,308)

 

$          (3,909)



Assets And Liabilities Recorded At Fair Value On A Nonrecurring Basis









 

 

 

 

 

 

 

 

 

 



 

 

 

 

 

 

 

 

 

 



 

September 30, 2016

 

Nine Months Ended



 

 

 

 

 

 

 

 

 

September 30, 2016



 

Level 1

 

Level 2

 

Level 3

 

Total

 

Net losses

Assets:

 

(In thousands)

Impaired loans (1)

 

$               -

 

$              -

 

$    39,113

 

$     39,113

 

$                (1,520)

Other real estate owned (2)

 

 -

 

 -

 

11,391 

 

11,391 

 

(1,389)





 

 

 

 

 

 

 

 

 

 



 

 

 

 

 

 

 

 

 

 



 

September 30, 2015

 

Nine Months Ended



 

 

 

 

 

 

 

 

 

September 30, 2015



 

Level 1

 

Level 2

 

Level 3

 

Total

 

Net losses

Assets:

 

(In thousands)

Impaired loans (1)

 

$               -

 

$              -

 

$    40,736

 

$     40,736

 

$                (6,744)

Other real estate owned (2)

 

 -

 

 -

 

23,696 

 

23,696 

 

(1,504)



 

 

 

 

 

 

 

 

 

 

(1)  Represents carrying value of loans for which adjustments are required to be based on the appraised value of the collateral.  Writedowns on these loans are recognized as part of provision.

(2)  Represents the fair value and related losses of foreclosed properties that were measured subsequent to their initial classification as foreclosed assets.



Carrying And Fair Value Information



 

 

 

 

 

 

 

 



 

 

 

 

 

 

 

 



 

September 30, 2016

 

December 31, 2015



 

Carrying

 

Fair

 

Carrying

 

Fair



 

Value

 

Value

 

Value

 

Value



 

 

 

 

 

 

 

 

Assets:

 

(In thousands)

Cash and due from banks

 

$      172,782

 

$      172,782

 

$      154,192

 

$      154,192

Interest bearing deposits with other banks

 

151,944 

 

151,944 

 

43,777 

 

43,777 

Available-for-sale securities

 

2,468,199 

 

2,468,199 

 

2,082,329 

 

2,082,329 

Net loans and leases

 

10,532,874 

 

10,682,407 

 

10,246,320 

 

10,331,043 

Loans held for sale

 

204,441 

 

204,441 

 

157,907 

 

157,907 



 

 

 

 

 

 

 

 

Liabilities:

 

 

 

 

 

 

 

 

Noninterest bearing deposits

 

3,308,361 

 

3,308,361 

 

3,031,528 

 

3,031,528 

Savings and interest bearing deposits

 

6,410,883 

 

6,410,883 

 

6,446,142 

 

6,446,142 

Other time deposits

 

1,870,815 

 

1,888,068 

 

1,853,491 

 

1,867,034 

Federal funds purchased and securities

 

 

 

 

 

 

 

 

sold under agreement to repurchase

 

 

 

 

 

 

 

 

and other short-term borrowings

 

468,969 

 

468,135 

 

467,946 

 

467,263 

Long-term debt and other borrowings

 

586,693 

 

596,352 

 

92,973 

 

98,502 



 

 

 

 

 

 

 

 

Derivative instruments:

 

 

 

 

 

 

 

 

Forward commitments to sell fixed rate

 

 

 

 

 

 

 

 

mortgage loans

 

(1,127)

 

(1,127)

 

109 

 

109 

Commitments to fund fixed rate

 

 

 

 

 

 

 

 

mortgage loans

 

6,942 

 

6,942 

 

3,390 

 

3,390 

Interest rate swap position to receive

 

13,799 

 

13,799 

 

15,614 

 

15,614 

Interest rate swap position to pay

 

(14,041)

 

(14,041)

 

(15,856)

 

(15,856)