XML 46 R35.htm IDEA: XBRL DOCUMENT v3.8.0.1
FAIR VALUE DISCLOSURES (Tables)
9 Months Ended
Sep. 30, 2017
FAIR VALUE DISCLOSURES [Abstract]  
Assets And Liabilities Measured At Fair Value On A Recurring Basis









 

 

 

 

 

 

 

 



 

 

 

 

 

 

 

 



 

September 30, 2017



 

Level 1

 

Level 2

 

Level 3

 

Total

Assets:

 

(In thousands)

Available-for-sale securities:

 

 

 

 

 

 

 

 

U.S. Government agencies

 

$                    -

 

$    1,687,186

 

$               -

 

$    1,687,186

U.S. Government agency issued residential

 

 

 

 

 

 

 

 

mortgage-backed securities

 

 -

 

157,891 

 

 -

 

157,891 

U.S. Government agency issued commercial

 

 

 

 

 

 

 

 

mortgage-backed securities

 

 -

 

153,509 

 

 -

 

153,509 

Obligations of states and

 

 

 

 

 

 

 

 

political subdivisions

 

 -

 

328,314 

 

 -

 

328,314 

FHLB and other securities

 

205 

 

32,862 

 

 -

 

33,067 

Mortgage servicing rights

 

 -

 

 -

 

66,417 

 

66,417 

Derivative instruments

 

 -

 

 -

 

8,239 

 

8,239 

Loans held for sale

 

 -

 

138,353 

 

 -

 

138,353 

Total

 

$               205

 

$    2,498,115

 

$     74,656

 

$    2,572,976

Liabilities:

 

 

 

 

 

 

 

 

Derivative instruments

 

$                    -

 

$                   -

 

$       4,788

 

$           4,788









 

 

 

 

 

 

 

 



 

 

 

 

 

 

 

 



 

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 

FHLB and other securities

 

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



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

 

(7,877)

 

(2,687)

 

Other comprehensive income

 

 -

 

 -

 

Additions

 

9,031 

 

 -

 

Transfers in and/or out of Level 3

 

 -

 

 -

 

Balance at September 30, 2017

 

$        66,417

 

$          3,451

 

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

 

 

 

 

 

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

 

$               36

 

$             (792)

 







 

 

 

 

 



 

 

 

 

 



 

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 assets and liabilities held at September 30, 2016

 

$          1,813

 

$             544

 



Assets And Liabilities Recorded At Fair Value On A Nonrecurring Basis









 

 

 

 

 

 

 

 

 

 



 

 

 

 

 

 

 

 

 

 



 

September 30, 2017

 

Nine months ended



 

 

 

 

 

 

 

 

 

September 30, 2017



 

Level 1

 

Level 2

 

Level 3

 

Total

 

Net Losses

Assets:

 

(In thousands)

Impaired loans

 

$                    -

 

$              -

 

$    19,731

 

19,731 

 

$                   (6,805)

Other real estate owned

 

 -

 

 -

 

5,956 

 

5,956 

 

(741)







 

 

 

 

 

 

 

 

 

 



 

 

 

 

 

 

 

 

 

 



 

September 30, 2016

 

Nine months ended



 

 

 

 

 

 

 

 

 

September 30, 2016



 

 

 

 

 

 

 

 

 

Net Losses

Assets:

 

(In thousands)

Impaired loans

 

$                    -

 

$              -

 

$    39,113

 

39,113 

 

$                   (1,520)

Other real estate owned

 

 -

 

 -

 

11,391 

 

11,391 

 

(1,389)



Carrying And Fair Value Information



 

 

 

 

 

 

 

 



 

 

 

 

 

 

 

 



 

September 30, 2017

 

December 31, 2016



 

Carrying

 

Fair

 

Carrying

 

Fair



 

Value

 

Value

 

Value

 

Value

Assets:

 

(In thousands)

Cash and due from banks

 

$      167,871

 

$      167,871

 

$      184,152

 

$      184,152

Interest bearing deposits with other banks

 

52,316 

 

52,316 

 

38,813 

 

38,813 

Available-for-sale securities

 

2,359,967 

 

2,359,967 

 

2,531,676 

 

2,531,676 

Net loans and leases

 

10,936,013 

 

10,967,885 

 

10,688,255 

 

10,692,820 

Loans held for sale

 

138,353 

 

138,353 

 

166,927 

 

166,927 



 

 

 

 

 

 

 

 

Liabilities:

 

 

 

 

 

 

 

 

Noninterest bearing deposits

 

3,414,397 

 

3,414,397 

 

3,250,537 

 

3,250,537 

Savings and interest bearing deposits

 

6,563,160 

 

6,563,160 

 

6,596,289 

 

6,596,289 

Other time deposits

 

1,798,431 

 

1,816,705 

 

1,841,315 

 

1,857,506 

Federal funds purchased and securities

 

 

 

 

 

 

 

 

sold under agreement to repurchase

 

 

 

 

 

 

 

 

and other short-term borrowings

 

1,046,044 

 

1,044,525 

 

546,002 

 

545,002 

Long-term debt and other borrowings

 

30,000 

 

31,413 

 

542,888 

 

547,273 



 

 

 

 

 

 

 

 

Derivative instruments:

 

 

 

 

 

 

 

 

Forward commitments to sell fixed rate

 

 

 

 

 

 

 

 

mortgage loans

 

286 

 

286 

 

2,903 

 

2,903 

Commitments to fund fixed rate

 

 

 

 

 

 

 

 

mortgage loans

 

3,549 

 

3,549 

 

3,362 

 

3,362 

Interest rate swap position to receive

 

4,301 

 

4,301 

 

9,061 

 

9,061 

Interest rate swap position to pay

 

(4,374)

 

(4,374)

 

(9,175)

 

(9,175)