XML 75 R55.htm IDEA: XBRL DOCUMENT v3.21.2
Fair Value Measurements (Details 2) - USD ($)
$ in Thousands
Jun. 30, 2021
Dec. 31, 2020
ASSETS    
Debt Securities, Held-to-maturity $ 861,821 $ 724,512
Held to Maturity, Fair Value, Total 877,801 752,177
Loans, net of allowance for credit losses (b) 8,836,631 9,279,474
Federal Home Loan Bank Stock 9,079 10,250
Bank Owned Life Insurance 242,963 200,525
LIABILITIES    
Federal Home Loan Bank borrowings (f) 35,693 35,740
Long-term Debt [1] 23,425 32,773
Long-term Debt, Fair Value [1] 23,095 32,033
Subordinated Debt 49,743 49,696
Deposits [Member]    
LIABILITIES    
Time certificates of deposits (f) [2] 11,169,652 10,042,541
Accrued Liabilities, Fair Value Disclosure [2] 11,169,652 10,042,541
Time certificates of deposits (f)    
LIABILITIES    
Time certificates of deposits (f) [1] 817,319 950,629
Accrued Liabilities, Fair Value Disclosure [1] 819,067 955,598
Federal Home Loan Bank borrowings (f)    
LIABILITIES    
Federal Home Loan Bank borrowings (f) [1] 35,693 35,740
Federal Home Loan Bank Borrowings, Fair Value Disclosure [1] 35,723 35,885
Junior subordinated debentures (g)    
LIABILITIES    
Junior Subordinated Debenture Owed to Unconsolidated Subsidiary Trust [3] 62,852 62,851
Accrued Liabilities, Fair Value Disclosure [3] 68,545 70,238
Subordinated debentures (f)    
LIABILITIES    
Subordinated Debt [1] 49,743 49,696
Accrued Liabilities, Fair Value Disclosure [1] 47,146 46,486
Quoted Prices in Active Markets for Identical Assets (Level 1) | Long-term Debt [Member]    
LIABILITIES    
Long-term Debt, Fair Value [1] 0 0
Significant Other Observable Inputs (Level 2) | Deposits [Member]    
LIABILITIES    
Accrued Liabilities, Fair Value Disclosure [2] 11,169,652 10,042,541
Significant Other Observable Inputs (Level 2) | Time certificates of deposits (f)    
LIABILITIES    
Accrued Liabilities, Fair Value Disclosure [1] 819,067 955,598
Significant Other Observable Inputs (Level 2) | Federal Home Loan Bank borrowings (f)    
LIABILITIES    
Federal Home Loan Bank Borrowings, Fair Value Disclosure [1] 35,723 35,885
Significant Other Observable Inputs (Level 2) | Long-term Debt [Member]    
LIABILITIES    
Long-term Debt, Fair Value [1] 23,095 32,033
Significant Other Observable Inputs (Level 2) | Junior subordinated debentures (g)    
LIABILITIES    
Accrued Liabilities, Fair Value Disclosure [3] 68,545 70,238
Significant Unobservable Inputs (Level 3) | Long-term Debt [Member]    
LIABILITIES    
Long-term Debt, Fair Value [1] 0 0
Significant Unobservable Inputs (Level 3) | Subordinated debentures (f)    
LIABILITIES    
Accrued Liabilities, Fair Value Disclosure [1] 47,146 46,486
U.S. Government agency securities    
ASSETS    
Debt Securities, Held-to-maturity 33,853  
Held to Maturity, Fair Value, Total 33,730  
U.S. Government agency securities | Significant Other Observable Inputs (Level 2)    
ASSETS    
Held to Maturity, Fair Value, Total 33,730  
U.S. treasury securities    
ASSETS    
Debt Securities, Held-to-maturity [4] 3,010 4,017
Held to Maturity, Fair Value, Total [4] 3,038 4,077
U.S. treasury securities | Significant Other Observable Inputs (Level 2)    
ASSETS    
Held to Maturity, Fair Value, Total [4] 3,038 4,077
Agency mortgage-backed securities    
ASSETS    
Debt Securities, Held-to-maturity [4] 381,030 356,085
Held to Maturity, Fair Value, Total [4] 392,042 374,121
Agency mortgage-backed securities | Significant Other Observable Inputs (Level 2)    
ASSETS    
Held to Maturity, Fair Value, Total [4] 392,042 374,121
Agency collateralized mortgage obligations    
ASSETS    
Debt Securities, Held-to-maturity [4] 418,112 335,993
Held to Maturity, Fair Value, Total [4] 421,841 344,119
Agency collateralized mortgage obligations | Significant Other Observable Inputs (Level 2)    
ASSETS    
Held to Maturity, Fair Value, Total [4] 421,841 344,119
Single issuer trust preferred securities issued by banks    
ASSETS    
Debt Securities, Held-to-maturity [4] 1,500 1,500
Held to Maturity, Fair Value, Total [4] 1,508 1,498
Single issuer trust preferred securities issued by banks | Significant Other Observable Inputs (Level 2)    
ASSETS    
Held to Maturity, Fair Value, Total [4] 1,508 1,498
Small Business Administration Pooled Securities [Member]    
ASSETS    
Debt Securities, Held-to-maturity [4] 24,316 26,917
Held to Maturity, Fair Value, Total [4] 25,642 28,362
Small Business Administration Pooled Securities [Member] | Quoted Prices in Active Markets for Identical Assets (Level 1)    
ASSETS    
Held to Maturity, Fair Value, Total [4] 0 0
Small Business Administration Pooled Securities [Member] | Significant Other Observable Inputs (Level 2)    
ASSETS    
Held to Maturity, Fair Value, Total [4] 25,642 28,362
Small Business Administration Pooled Securities [Member] | Significant Unobservable Inputs (Level 3)    
ASSETS    
Held to Maturity, Fair Value, Total [4] 0 0
Loans, net of allowance for credit losses (b)    
ASSETS    
Loans, net of allowance for credit losses (b) [5] 8,806,355 9,247,964
Loans Receivable, Fair Value Disclosure [5] 8,782,780 9,253,381
Loans, net of allowance for credit losses (b) | Significant Unobservable Inputs (Level 3)    
ASSETS    
Loans Receivable, Fair Value Disclosure [5] 8,782,780 9,253,381
Investment in Federal Home Loan Bank Stock [Member]    
ASSETS    
Federal Home Loan Bank Stock [6] 9,079 10,250
Investment in Federal Home Loan Bank Stock, Fair Value Disclosure [6] 9,079 10,250
Investment in Federal Home Loan Bank Stock [Member] | Quoted Prices in Active Markets for Identical Assets (Level 1)    
ASSETS    
Investment in Federal Home Loan Bank Stock, Fair Value Disclosure [6] 0 0
Investment in Federal Home Loan Bank Stock [Member] | Significant Other Observable Inputs (Level 2)    
ASSETS    
Investment in Federal Home Loan Bank Stock, Fair Value Disclosure [6] 9,079 10,250
Investment in Federal Home Loan Bank Stock [Member] | Significant Unobservable Inputs (Level 3)    
ASSETS    
Investment in Federal Home Loan Bank Stock, Fair Value Disclosure [6] 0 0
Cash Surrender Value [Member]    
ASSETS    
Cash Surrender Value, Fair Value Disclosure [7] 242,963 200,525
Bank Owned Life Insurance [7] 242,963 200,525
Cash Surrender Value [Member] | Quoted Prices in Active Markets for Identical Assets (Level 1)    
ASSETS    
Cash Surrender Value, Fair Value Disclosure [7] 0 0
Cash Surrender Value [Member] | Significant Other Observable Inputs (Level 2)    
ASSETS    
Cash Surrender Value, Fair Value Disclosure [7] 242,963 200,525
Cash Surrender Value [Member] | Significant Unobservable Inputs (Level 3)    
ASSETS    
Cash Surrender Value, Fair Value Disclosure [7] $ 0 $ 0
[1] Fair value was determined by discounting anticipated future cash payments using rates currently available for instruments with similar remaining maturities.
[2] Fair value of demand deposits, savings and interest checking accounts and money market deposits is the amount payable on demand at the reporting date.
[3] Fair value was determined based upon market prices of securities with similar terms and maturities.
[4] The fair values presented are based on quoted market prices, where available. If quoted market prices are not available, fair values are based on quoted market prices of comparable instruments and/or discounted cash flow analysis.
[5] Fair value of loans is measured using the exit price valuation method, determined primarily by discounting the future cash flows using the current rates at which similar loans would be made to borrowers with similar credit ratings and for the same remaining maturities or cash flows, while incorporating liquidity and credit assumptions. Additionally, this amount excludes individually assessed collateral dependent loans, which are deemed to be marked to fair value on a nonrecurring basis.
[6] Federal Home Loan Bank stock has no quoted market value and is carried at cost; therefore the carrying amount approximates fair value.
[7] Cash surrender value of life insurance policies is recorded at its cash surrender value (or the amount that can be realized upon surrender of the policy), therefore, carrying amount approximates fair value.