XML 46 R35.htm IDEA: XBRL DOCUMENT v3.7.0.1
FAIR VALUE DISCLOSURES (Tables)
3 Months Ended
Mar. 31, 2017
FAIR VALUE DISCLOSURES [Abstract]  
Assets And Liabilities Measured At Fair Value On A Recurring Basis









 

 

 

 

 

 

 

 



 

 

 

 

 

 

 

 



 

March 31, 2017



 

Level 1

 

Level 2

 

Level 3

 

Total

Assets:

 

(In thousands)

Available-for-sale securities:

 

 

 

 

 

 

 

 

U.S. Government agencies

 

$                    -

 

$    1,818,180

 

$               -

 

$    1,818,180

U.S. Government agency issued residential

 

 

 

 

 

 

 

 

mortgage-backed securities

 

 -

 

167,542 

 

 -

 

167,542 

U.S. Government agency issued commercial

 

 

 

 

 

 

 

 

mortgage-backed securities

 

 -

 

170,082 

 

 -

 

170,082 

Obligations of states and

 

 

 

 

 

 

 

 

political subdivisions

 

 -

 

352,324 

 

 -

 

352,324 

Other

 

160 

 

32,599 

 

 -

 

32,759 

Mortgage servicing rights

 

 -

 

 -

 

67,161 

 

67,161 

Derivative instruments

 

 -

 

 -

 

12,911 

 

12,911 

Loans held for sale

 

 -

 

161,600 

 

 -

 

161,600 

Total

 

$               160

 

$    2,702,327

 

$     80,072

 

$    2,782,559

Liabilities:

 

 

 

 

 

 

 

 

Derivative instruments

 

$                    -

 

$                   -

 

$       8,508

 

$           8,508









 

 

 

 

 

 

 

 



 

 

 

 

 

 

 

 



 

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

U.S. Government agency issued residential

 

 

 

 

 

 

 

 

mortgage-backed securities

 

 -

 

189,741 

 

 -

 

189,741 

U.S. 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



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, 2016

 

$        65,263

 

$          6,138

 

Year to date net gains (losses) included in:

 

 

 

 

 

Net loss

 

(968)

 

(1,735)

 

Other comprehensive income

 

 -

 

 -

 

Additions

 

2,866 

 

 -

 

Transfers in and/or out of Level 3

 

 -

 

 -

 

Balance at March 31, 2017

 

$        67,161

 

$          4,403

 

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

 

 

 

 

 

quarter relating to assets and liabilities held at March 31, 2017

 

$             909

 

$          (1,735)

 







 

 

 

 

 



 

 

 

 

 



 

Mortgage

 

 

 



 

Servicing

 

Derivative

 



 

Rights

 

Instruments

 



 

(In thousands)

Balance at December 31, 2015

 

$        57,268

 

$          3,257

 

Year to date net gains (losses) 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

 



Assets And Liabilities Recorded At Fair Value On A Nonrecurring Basis









 

 

 

 

 

 

 

 

 

 



 

 

 

 

 

 

 

 

 

 



 

March 31, 2017

 

Three months ended



 

 

 

 

 

 

 

 

 

March 31, 2017



 

Level 1

 

Level 2

 

Level 3

 

Total

 

Net Losses

Assets:

 

(In thousands)

Impaired loans

 

$                    -

 

$              -

 

$    41,897

 

41,897 

 

$                      (299)

Other real estate owned

 

 -

 

 -

 

8,458 

 

8,458 

 

(527)







 

 

 

 

 

 

 

 

 

 



 

 

 

 

 

 

 

 

 

 



 

March 31, 2016

 

Three months ended



 

 

 

 

 

 

 

 

 

March 31, 2016



 

 

 

 

 

 

 

 

 

Net Losses

Assets:

 

(In thousands)

Impaired loans

 

 -

 

 -

 

49,646 

 

49,646 

 

(373)

Other real estate owned

 

 -

 

 -

 

12,685 

 

12,685 

 

(80)



Carrying And Fair Value Information



 

 

 

 

 

 

 

 



 

 

 

 

 

 

 

 



 

March 31, 2017

 

December 31, 2016



 

Carrying

 

Fair

 

Carrying

 

Fair



 

Value

 

Value

 

Value

 

Value

Assets:

 

(In thousands)

Cash and due from banks

 

$      147,684

 

$      147,684

 

$      184,152

 

$      184,152

Interest bearing deposits with other banks

 

253,738 

 

253,738 

 

38,813 

 

38,813 

Available-for-sale securities

 

2,540,887 

 

2,540,887 

 

2,531,676 

 

2,531,676 

Net loans and leases

 

10,676,498 

 

10,658,071 

 

10,688,255 

 

10,692,820 

Loans held for sale

 

161,600 

 

161,600 

 

166,927 

 

166,927 



 

 

 

 

 

 

 

 

Liabilities:

 

 

 

 

 

 

 

 

Noninterest bearing deposits

 

3,401,348 

 

3,401,348 

 

3,250,537 

 

3,250,537 

Savings and interest bearing deposits

 

6,809,632 

 

6,809,632 

 

6,596,289 

 

6,596,289 

Other time deposits

 

1,831,865 

 

1,850,188 

 

1,841,315 

 

1,857,506 

Federal funds purchased and securities

 

 

 

 

 

 

 

 

sold under agreement to repurchase

 

 

 

 

 

 

 

 

and other short-term borrowings

 

375,832 

 

374,849 

 

546,002 

 

545,002 

Long-term debt and other borrowings

 

530,000 

 

531,719 

 

542,888 

 

547,273 



 

 

 

 

 

 

 

 

Derivative instruments:

 

 

 

 

 

 

 

 

Forward commitments to sell fixed rate

 

 

 

 

 

 

 

 

mortgage loans

 

(804)

 

(804)

 

2,903 

 

2,903 

Commitments to fund fixed rate

 

 

 

 

 

 

 

 

mortgage loans

 

5,623 

 

5,623 

 

3,362 

 

3,362 

Interest rate swap position to receive

 

7,269 

 

7,269 

 

9,061 

 

9,061 

Interest rate swap position to pay

 

(7,384)

 

(7,384)

 

(9,175)

 

(9,175)