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









 

 

 

 

 

 

 

 



 

December 31, 2016



 

Level 1

 

Level 2

 

Level 3

 

Total

Assets:

 

(In thousands)

Available-for-sale securities:

 

 

 

 

 

 

 

 

U.S. Government agencies

 

$              -

 

$    1,789,427

 

$              -

 

$    1,789,427

U.S. Government agency issued residential

 

 

 

 

 

 

 

 

mortgage-back securities

 

 -

 

176,243 

 

 -

 

176,243 

U.S. Government agency issued commercial

 

 

 

 

 

 

 

 

mortgage-back securities

 

 -

 

172,279 

 

 -

 

172,279 

Obligations of states and political

 

 

 

 

 

 

 

 

subdivisions

 

 -

 

360,005 

 

 -

 

360,005 

Other

 

1,218 

 

32,504 

 

 -

 

33,722 

Mortgage servicing rights

 

 -

 

 -

 

65,263 

 

65,263 

Derivative instruments

 

 -

 

 -

 

15,761 

 

15,761 

Loans held for sale

 

 -

 

166,927 

 

 -

 

166,927 

Total

 

$      1,218

 

$    2,697,385

 

$    81,024

 

$    2,779,627

Liabilities:

 

 

 

 

 

 

 

 

Derivative instruments

 

$              -

 

$                   -

 

$      9,623

 

$           9,623









 

 

 

 

 

 

 

 



 

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

U.S. Government agency issued residential

 

 

 

 

 

 

 

 

mortgage-back securities

 

 -

 

140,540 

 

 -

 

140,540 

U.S. 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



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

 

Total net gains for the year included in:

 

 

 

 

 

Net (loss) gain

 

(6,711)

 

2,881 

 

Other comprehensive income

 

 -

 

 -

 

Additions

 

14,706 

 

 -

 

Transfers in and/or out of Level 3

 

 -

 

 -

 

Balance at December 31, 2016

 

$        65,263

 

$          6,138

 

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

 

 

 

 

 

year relating to Level 3 assets and liabilities at December 31, 2016

 

$          1,526

 

$          2,881

 







 

 

 

 

 



 

Mortgage

 

 

 



 

Servicing

 

Derivative

 



 

Rights

 

Instruments

 



 

(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 Level 3 assets and liabilities at December 31, 2015

 

$          (1,161)

 

$          2,634

 



Assets And Liabilities Recorded At Fair Value On A Nonrecurring Basis



 

 

 

 

 

 

 

 

 

 



 

December 31, 2016

 

Year ended



 

 

 

 

 

 

 

 

 

December 31, 2016



 

Level 1

 

Level 2

 

Level 3

 

Total

 

Net Losses

Assets:

 

(In thousands)

Impaired loans

 

 -

 

 -

$

38,237 

$

38,237 

$

(2,560)

Other real estate owned

 

 -

 

 -

 

7,810 

 

7,810 

 

(653)



 

 

 

 

 

 

 

 

 

 



 

 

 

 

 

 

 

 

 

 



 

December 31, 2015

 

Year ended



 

 

 

 

 

 

 

 

 

December 31, 2015



 

Level 1

 

Level 2

 

Level 3

 

Total

 

Net Losses

Assets:

 

(In thousands)

Impaired loans

 

 -

 

 -

$

51,392 

$

51,392 

$

(12,323)

Other real estate owned

 

 -

 

 -

 

14,759 

 

14,759 

 

(2,543)



Carrying And Fair Value Information



 

 

 

 

 

 

 

 



 

2016

 

2015



 

Carrying

 

Fair

 

Carrying

 

Fair



 

Value

 

Value

 

Value

 

Value

Assets:

 

(In thousands)

Cash and due from banks

 

$      184,152

 

$      184,152

 

$      154,192

 

$      154,192

Interest bearing deposits with other banks

 

38,813 

 

38,813 

 

43,777 

 

43,777 

Available for sale securities

 

2,531,676 

 

2,531,676 

 

2,082,329 

 

2,082,329 

Net loans and leases

 

10,688,255 

 

10,692,820 

 

10,246,320 

 

10,331,043 

Loans held for sale

 

166,927 

 

166,927 

 

157,907 

 

157,907 



 

 

 

 

 

 

 

 

Liabilities:

 

 

 

 

 

 

 

 

Noninterest bearing deposits

 

3,250,537 

 

3,250,537 

 

3,031,528 

 

3,031,528 

Savings and interest bearing deposits

 

6,596,289 

 

6,596,289 

 

6,446,142 

 

6,446,142 

Other time deposits

 

1,841,315 

 

1,857,506 

 

1,853,491 

 

1,867,034 

Federal funds purchased and securities

 

 

 

 

 

 

 

 

sold under agreement to repurchase

 

 

 

 

 

 

 

 

and other short-term borrowings

 

546,002 

 

545,002 

 

467,946 

 

467,263 

Long-term debt and other borrowings

 

542,888 

 

547,273 

 

92,973 

 

98,502 



 

 

 

 

 

 

 

 

Derivative instruments:

 

 

 

 

 

 

 

 

Forward commitments to sell fixed rate

 

 

 

 

 

 

 

 

   mortgage loans

 

2,903 

 

2,903 

 

109 

 

109 

Commitments to fund fixed rate

 

 

 

 

 

 

 

 

mortgage loans

 

3,362 

 

3,362 

 

3,390 

 

3,390 

Interest rate swap position to receive

 

9,061 

 

9,061 

 

15,614 

 

15,614 

Interest rate swap position to pay

 

(9,175)

 

(9,175)

 

(15,856)

 

(15,856)