FAIR VALUE DISCLOSURES (Tables)

12 Months Ended

Dec. 31, 2014

Schedule of Fair Value, Assets and Liabilities Measured on Recurring Basis [Table Text Block]

Assets and liabilities measured at fair value on a recurring basis as of December 31, 2014 and 2013 are reflected in the following table:



	Fair Value Measurements
(dollars in thousands)	Level 1		Level 2		Level 3	Fair Value
December 31, 2014:
Assets:
Available-for-sale investment securities:
U.S. Government sponsored agencies	$	—	231,731		—	231,731
Residential mortgage-backed	—		1,007,844		—	1,007,844
Commercial mortgage-backed	—		837		—	837
State and political subdivisions	—		29,615		—	29,615
Corporate notes	—		173,695		—	173,695
Equity investments	1,967		—		—	1,967
Mortgage loans held for sale	—		31,411		—	31,411
Derivative instruments:
Interest rate lock commitments	—		580		—	580
Forward commitments to sell mortgage-backed securities	—		(294	)	—	(294	)
Servicing rights	—		—		18,013	18,013
Total	$	1,967	1,475,419		18,013	1,495,399
Liabilities:
Nonqualified deferred compensation plan	$	6,778	—		—	6,778
Total	$	6,778	—		—	6,778
December 31, 2013:
Assets:
Available-for-sale investment securities:
U.S. Government sponsored agencies	$	—	275,899		—	275,899
Residential mortgage-backed	—		1,105,787		—	1,105,787
Commercial mortgage-backed	—		856		—	856
State and political subdivisions	—		31,557		—	31,557
Corporate notes	—		196,203		—	196,203
Equity investments	1,443		—		—	1,443
Mortgage loans held for sale	—		25,548		—	25,548
Derivative instruments:
Interest rate lock commitments	—		217		—	217
Forward commitments to sell mortgage-backed securities	—		296		—	296
Servicing rights	—		—		18,854	18,854
Total	$	1,443	1,636,363		18,854	1,656,660
Liabilities:
Nonqualified deferred compensation plan	$	6,641	—		—	6,641
Total	$	6,641	—		—	6,641

Schedule of Servicing Assets At Fair Value Measured At Level 3 On Recurring basis [Table Text Block]

The following table presents the changes in Level 3 assets measured on a recurring basis for the years ended December 31, 2014 and 2013:



	Servicing Rights
(dollars in thousands)	2014			2013
Balance, beginning of year	$	18,854		14,792
Total gains or losses (realized/unrealized):
Included in earnings ⁽¹⁾	(3,568		)	439
Included in other comprehensive income (loss)	—			—
Issuances	2,568			3,623
Purchases	159			—
Transfers in and/or out of level 3	—			—
Balance, end of year	$	18,013		18,854


(1)	Gains or losses (realized/unrealized) are included in noninterest income in the consolidated statements of income.

Fair Value Measurements, Nonrecurring [Table Text Block]

Assets measured at fair value on a nonrecurring basis as of December 31, 2014 and 2013 are reflected in the following table:



	Fair Value Measurements
(dollars in thousands)	Level 1		Level 2	Level 3	Fair Value
December 31, 2014:
Assets:
Impaired loans	$	—	—	125,624	125,624
Other real estate	—		—	55,666	55,666
Goodwill	—		—	—	—
Total	$	—	—	181,290	181,290
December 31, 2013:
Assets:
Impaired loans	$	—	—	148,152	148,152
Other real estate	—		—	66,702	66,702
Goodwill	—		—	—	—
Total	$	—	—	214,854	214,854

Fair Value, by Balance Sheet Grouping [Table Text Block]

The estimated fair value of the Company’s financial instruments at December 31, 2014 was as follows:



	December 31, 2014
	Carrying Value		Estimated Fair Value
(dollars in thousands)	Carrying Value		Level 1	Level 2	Level 3	Total
Financial Assets:
Cash and cash equivalents	$	205,402	205,402	—	—	205,402
Investment securities:
Available for sale	1,445,689		1,967	1,443,722	—	1,445,689
Held to maturity	618,148		—	614,272	—	614,272
Loans held for portfolio	3,050,958		—	—	2,937,948	2,937,948
Loans held for sale	31,411		—	31,411	—	31,411
FRB and FHLB stock	30,458		30,458	—	—	30,458
Derivative instruments	286		—	286	—	286
Accrued interest receivable	15,064		15,064	—	—	15,064
Financial Liabilities:
Deposits	$	4,849,504	3,923,627	—	924,955	4,848,582
Securities sold under agreements to repurchase	64,875		64,875	—	—	64,875
Accrued interest payable	831		831	—	—	831
Subordinated debentures	354,286		—	—	303,191	303,191
Liability for Off-Balance Sheet Financial Instruments:
Commitments to extend credit, standby letters of credit and financial guarantees	$	12	—	—	12	12

The estimated fair value of the Company’s financial instruments at December 31, 2013 was as follows:



	December 31, 2013
	Carrying Value		Estimated Fair Value
(dollars in thousands)	Carrying Value		Level 1	Level 2	Level 3	Total
Financial Assets:
Cash and cash equivalents	$	190,435	190,435	—	—	190,435
Investment securities:
Available for sale	1,611,745		1,443	1,610,302	—	1,611,745
Held to maturity	740,186		—	719,183	—	719,183
Loans held for portfolio	2,750,514		—	—	2,562,160	2,562,160
Loans held for sale	25,548		—	25,548	—	25,548
FRB and FHLB stock	27,357		27,357	—	—	27,357
Derivative instruments	513		—	513	—	513
Accrued interest receivable	17,798		17,798	—	—	17,798
Financial Liabilities:
Deposits	$	4,813,895	3,767,782	—	1,046,485	4,814,267
Securities sold under agreements to repurchase	43,143		43,143	—	—	43,143
Accrued interest payable	63,341		63,341	—	—	63,341
Subordinated debentures	354,210		—	—	242,678	242,678
Liability for Off-Balance Sheet Financial Instruments:
Commitments to extend credit, standby letters of credit and financial guarantees	$	2,715	—	—	2,715	2,715

- Definition

Tabular disclosure of the fair value measurement of assets using significant unobservable inputs (Level 3), a reconciliation of the beginning and ending balances, separately presenting changes during the period attributable to the following: (1) total gains or losses for the period (realized and unrealized), segregating those gains or losses included in earnings (or changes in net assets) and gains or losses recognized in other comprehensive income (loss), and a description of where those gains or losses included in earnings (or changes in net assets) are reported in the statement of income (or activities); (2) purchases, sales, issues, and settlements (each type disclosed separately); and (3) transfers in and transfers out of Level 3 (for example, transfers due to changes in the observability of significant inputs), by class of asset.

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- Definition

Tabular disclosure of the fair value of financial instruments, including financial assets and financial liabilities, and the measurements of those instruments, assets, and liabilities.

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