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FAIR VALUE DISCLOSURES (Tables)
6 Months Ended
Jun. 30, 2017
FAIR VALUE DISCLOSURES [Abstract]  
Assets And Liabilities Measured At Fair Value On A Recurring Basis









 

 

 

 

 

 

 

 



 

 

 

 

 

 

 

 



 

June 30, 2017



 

Level 1

 

Level 2

 

Level 3

 

Total

Assets:

 

(In thousands)

Available-for-sale securities:

 

 

 

 

 

 

 

 

U.S. Government agencies

 

$                    -

 

$    1,713,374

 

$               -

 

$    1,713,374

U.S. Government agency issued residential

 

 

 

 

 

 

 

 

mortgage-backed securities

 

 -

 

159,246 

 

 -

 

159,246 

U.S. Government agency issued commercial

 

 

 

 

 

 

 

 

mortgage-backed securities

 

 -

 

170,642 

 

 -

 

170,642 

Obligations of states and

 

 

 

 

 

 

 

 

political subdivisions

 

 -

 

345,130 

 

 -

 

345,130 

FHLB and other securities

 

181 

 

32,722 

 

 -

 

32,903 

Mortgage servicing rights

 

 -

 

 -

 

65,491 

 

65,491 

Derivative instruments

 

 -

 

 -

 

9,831 

 

9,831 

Loans held for sale

 

 -

 

184,921 

 

 -

 

184,921 

Total

 

$               181

 

$    2,606,035

 

$     75,322

 

$    2,681,538

Liabilities:

 

 

 

 

 

 

 

 

Derivative instruments

 

$                    -

 

$                   -

 

$       5,588

 

$           5,588









 

 

 

 

 

 

 

 



 

 

 

 

 

 

 

 



 

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

U.S. Government agency issued residential

 

 

 

 

 

 

 

 

mortgage-backed securities

 

 -

 

180,178 

 

 -

 

180,178 

U.S. Government agency issued commercial

 

 

 

 

 

 

 

 

mortgage-backed securities

 

 -

 

193,475 

 

 -

 

193,475 

Obligations of states and

 

 

 

 

 

 

 

 

political subdivisions

 

 -

 

399,391 

 

 

 

399,391 

FHLB and other securities

 

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



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

 

(5,410)

 

(1,895)

 

Other comprehensive income

 

 -

 

 -

 

Additions

 

5,638 

 

 -

 

Transfers in and/or out of Level 3

 

 -

 

 -

 

Balance at June 30, 2017

 

$        65,491

 

$          4,243

 

Net unrealized losses included in net income for the

 

 

 

 

 

quarter relating to assets and liabilities held at June 30, 2017

 

$          (1,616)

 

$             (160)

 







 

 

 

 

 



 

 

 

 

 



 

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 assets and liabilities held at June 30, 2016

 

$          (4,092)

 

$             639

 



Assets And Liabilities Recorded At Fair Value On A Nonrecurring Basis









 

 

 

 

 

 

 

 

 

 



 

 

 

 

 

 

 

 

 

 



 

June 30, 2017

 

Six months ended



 

 

 

 

 

 

 

 

 

June 30, 2017



 

Level 1

 

Level 2

 

Level 3

 

Total

 

Net Losses

Assets:

 

(In thousands)

Impaired loans

 

$                    -

 

$              -

 

$    28,258

 

28,258 

 

$                   (4,487)

Other real estate owned

 

 -

 

 -

 

7,704 

 

7,704 

 

(586)







 

 

 

 

 

 

 

 

 

 



 

 

 

 

 

 

 

 

 

 



 

June 30, 2016

 

Six months ended



 

 

 

 

 

 

 

 

 

June 30, 2016



 

 

 

 

 

 

 

 

 

Net Losses

Assets:

 

(In thousands)

Impaired loans

 

 -

 

 -

 

40,236 

 

40,236 

 

(1,380)

Other real estate owned

 

 -

 

 -

 

14,658 

 

14,658 

 

(1,168)



Carrying And Fair Value Information



 

 

 

 

 

 

 

 



 

 

 

 

 

 

 

 



 

June 30, 2017

 

December 31, 2016



 

Carrying

 

Fair

 

Carrying

 

Fair



 

Value

 

Value

 

Value

 

Value

Assets:

 

(In thousands)

Cash and due from banks

 

$      178,376

 

$      178,376

 

$      184,152

 

$      184,152

Interest bearing deposits with other banks

 

49,680 

 

49,680 

 

38,813 

 

38,813 

Available-for-sale securities

 

2,421,295 

 

2,421,295 

 

2,531,676 

 

2,531,676 

Net loans and leases

 

10,896,979 

 

10,922,797 

 

10,688,255 

 

10,692,820 

Loans held for sale

 

184,921 

 

184,921 

 

166,927 

 

166,927 



 

 

 

 

 

 

 

 

Liabilities:

 

 

 

 

 

 

 

 

Noninterest bearing deposits

 

3,390,428 

 

3,390,428 

 

3,250,537 

 

3,250,537 

Savings and interest bearing deposits

 

6,725,693 

 

6,725,693 

 

6,596,289 

 

6,596,289 

Other time deposits

 

1,822,175 

 

1,840,666 

 

1,841,315 

 

1,857,506 

Federal funds purchased and securities

 

 

 

 

 

 

 

 

sold under agreement to repurchase

 

 

 

 

 

 

 

 

and other short-term borrowings

 

764,815 

 

763,649 

 

546,002 

 

545,002 

Long-term debt and other borrowings

 

230,000 

 

231,631 

 

542,888 

 

547,273 



 

 

 

 

 

 

 

 

Derivative instruments:

 

 

 

 

 

 

 

 

Forward commitments to sell fixed rate

 

 

 

 

 

 

 

 

mortgage loans

 

673 

 

673 

 

2,903 

 

2,903 

Commitments to fund fixed rate

 

 

 

 

 

 

 

 

mortgage loans

 

3,981 

 

3,981 

 

3,362 

 

3,362 

Interest rate swap position to receive

 

5,215 

 

5,215 

 

9,061 

 

9,061 

Interest rate swap position to pay

 

(5,287)

 

(5,287)

 

(9,175)

 

(9,175)