Fair Value (Tables)

12 Months Ended

Dec. 31, 2015

Schedule of recorded amount of assets and liabilities measured at fair value on a recurring basis


			Quoted Prices
			In Active		Significant
			Markets		Other		Significant
			for Identical		Observable		Unobservable
			Assets		Inputs		Inputs
(Dollars in thousands)	Fair Value		(Level 1)		(Level 2)		(Level 3)
December 31, 2015:
Assets
Derivative financial instruments	$	1,415	$	—	$	1,415	$	—
Loans held for sale		41,649		—		41,649		—
Securities available for sale:
Government-sponsored entities debt		162,507		—		162,507		—
State and municipal obligations		131,364		—		131,364		—
Mortgage-backed securities		711,849		—		711,849		—
Corporate stocks		3,821		2,596		1,225		—
Total securities available for sale		1,009,541		2,596		1,006,945		—
Mortgage servicing rights		26,202		—		—		26,202
	$	1,078,807	$	2,596	$	1,050,009	$	26,202
Liabilities
Derivative financial instruments	$	838	$	—	$	838	$	—

December 31, 2014:
Assets
Derivative financial instruments	$	2,148	$	—	$	2,148	$	—
Loans held for sale		61,934		—		61,934		—
Securities available for sale:
Government-sponsored entities debt		148,197		—		148,197		—
State and municipal obligations		137,581		—		137,581		—
Mortgage-backed securities		517,946		—		517,946		—
Corporate stocks		3,042		2,817		225		—
Total securities available for sale		806,766		2,817		803,949		—
Mortgage servicing rights		21,601		—		—		21,601
	$	892,449	$	2,817	$	868,031	$	21,601
Liabilities
Derivative financial instruments	$	1,341	$	—	$	1,341	$	—

Schedule of reconciliation of the beginning and ending balances of Level 3 assets and liabilities recorded at fair value on a recurring basis


(Dollars in thousands)	Assets		Liabilities
Fair value, January 1, 2015	$	21,601	$	—
Servicing assets that resulted from transfers of financial assets		6,957		—
Changes in fair value due to valuation inputs or assumptions		1,015		—
Changes in fair value due to increased principal paydowns		(3,371)		—
Fair value , December 31, 2015	$	26,202	$	—

Fair value, January 1, 2014	$	20,729	$	—
Servicing assets that resulted from transfers of financial assets		4,871		—
Changes in fair value due to valuation inputs or assumptions		(1,618)		—
Changes in fair value due to increased principal paydowns		(2,381)		—
Fair value, December 31, 2014	$	21,601	$	—

Schedule of amounts of assets and liabilities measured at fair value on a nonrecurring basis


			Quoted Prices
			In Active		Significant
			Markets		Other		Significant
			for Identical		Observable		Unobservable
			Assets		Inputs		Inputs
(Dollars in thousands)	Fair Value		(Level 1)		(Level 2)		(Level 3)
December 31, 2015:
OREO	$	30,554	$	—	$	—	$	30,554
Non-acquired impaired loans		13,355		—		—		13,355
December 31, 2014:
OREO	$	42,726	$	—	$	—	$	42,726
Non-acquired impaired loans		12,612		—		—		12,612

Quantitative Information about Level 3 Fair Value Measurements


			Weighted Average
			December 31,		December 31,
	Valuation Technique	Unobservable Input	2015		2014
Nonrecurring measurements:
Non-acquired impaired loans	Discounted appraisals	Collateral discounts	6	%	6	%
OREO	Discounted appraisals	Collateral discounts and estimated costs to sell	16	%	22	%

Schedule of estimated fair value, and related carrying amount, of the Company's financial instruments


	Carrying		Fair
(Dollars in thousands)	Amount		Value		Level 1		Level 2		Level 3
December 31, 2015
Financial assets:
Cash and cash equivalents	$	695,794	$	695,794	$	695,794	$	—	$	—
Investment securities		1,027,748		1,028,157		11,489		1,016,668		—
Loans held for sale		41,649		41,649		—		41,649		—
Loans, net of allowance for loan losses		5,970,044		6,068,252		—		—		6,068,252
FDIC receivable for loss share agreements		4,401		(2,452)		—		—		(2,452)
Accrued interest receivable		17,083		17,083		—		3,883		13,200
Mortgage servicing rights		26,202		26,202		—		—		26,202
Other derivative financial instruments (mortgage banking related)		1,415		1,415		—		1,415		—
Financial liabilities:
Deposits		7,100,428		6,785,911		—		6,785,911		—
Federal funds purchased and securities sold under agreements to repurchase		288,231		288,231		—		288,231		—
Other borrowings		55,158		49,762		—		49,762		—
Accrued interest payable		2,190		2,190		—		2,190		—
Interest rate swap - cash flow hedge		718		718		—		718		—
Other derivative financial instruments (mortgage banking related)		120		120		—		120		—
Off balance sheet financial instruments:
Commitments to extend credit		—		23,927		—		23,927		—
Standby letters of credit and financial guarantees		—		—		—		—		—
December 31, 2014
Financial assets:
Cash and cash equivalents	$	417,869	$	417,869	$	417,869	$	—	$	—
Investment securities		826,943		827,517		13,560		813,957		—
Loans held for sale		61,934		61,934		—		61,934		—
Loans, net of allowance for loan losses		5,680,688		5,743,111		—		—		5,743,111
FDIC receivable for loss share agreements		22,161		7,150		—		—		7,150
Accrued interest receivable		16,366		16,366		—		3,443		12,923
Mortgage servicing rights		21,601		21,601		—		—		21,601
Interest rate swap - non-designated hedge		172		172		—		172		—
Other derivative financial instruments (mortgage banking related)		1,976		1,976		—		1,976		—
Financial liabilities:
Deposits		6,461,045		6,193,580		—		6,193,580		—
Federal funds purchased and securities sold under agreements to repurchase		221,541		221,541		—		221,541		—
Other borrowings		101,210		98,534		—		98,534		—
Accrued interest payable		4,311		4,311		—		4,311		—
Interest rate swap - cash flow hedge		856		856		—		856		—
Interest rate swap - non-designated hedge		172		172		—		172		—
Other derivative financial instruments (mortgage banking related)		313		313		—		313		—
Off balance sheet financial instruments:
Commitments to extend credit		—		27,554		—		27,554		—
Standby letters of credit and financial guarantees		—		—		—		—		—