Fair Value Measurements (Tables)

3 Months Ended

Mar. 31, 2015

Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]

Assets and Liabilities Measured at Fair Value Using Significant Unobservable Inputs (Level 3)

	Investment Securities Available for Sale			Derivative Financial Instruments
($ in Thousands)
Balance December 31, 2013	$	299		$	1,717
Total net losses included in income:
Mortgage derivative loss	—			(2,205		)
Sales of investment securities	(99		)	—
Balance December 31, 2014	$	200		$	(488	)
Total net gains included in income:
Mortgage derivative gain	—			2,378
Balance March 31, 2015	$	200		$	1,890

Assets and Liabilities Measured on Nonrecurring Basis at Fair Value

Assets and Liabilities Measured at Fair Value on a Nonrecurring Basis
			Fair Value Measurements Using
	March 31, 2015		Level 1		Level 2		Level 3
	($ in Thousands)
Assets:
Loans held for sale	$	161,662	$	—	$	161,662	$	—
Impaired loans (1)	93,580		—		—		93,580
Mortgage servicing rights	64,026		—		—		64,026
			Fair Value Measurements Using
	December 31, 2014		Level 1		Level 2		Level 3
	($ in Thousands)
Assets:
Loans held for sale	$	156,423	$	—	$	156,423	$	—
Impaired loans (1)	83,956		—		—		83,956
Mortgage servicing rights	66,342		—		—		66,342

(1) Represents individually evaluated impaired loans, net of the related allowance for loan losses.

Estimated fair values of financial instruments

	December 31, 2014
	Carrying Amount		Fair Value		Fair Value Measurements Using
					Level 1		Level 2		Level 3
	($ in Thousands)
Financial assets:
Cash and due from banks	$	444,113	$	444,113	$	444,113	$	—	$	—
Interest-bearing deposits in other financial institutions	571,924		571,924		571,924		—		—
Federal funds sold and securities purchased under agreements to resell	16,030		16,030		16,030		—		—
Investment securities held to maturity	404,455		413,067		—		413,067		—
Investment securities available for sale	5,396,812		5,396,812		3,957		5,392,655		200
FHLB and Federal Reserve Bank stocks	189,107		189,107		—		189,107		—
Loans held for sale	154,935		156,423		—		156,423		—
Loans, net	17,327,544		17,427,647		—		—		17,427,647
Bank owned life insurance	574,154		574,154		—		574,154		—
Accrued interest receivable	67,573		67,573		67,573		—		—
Interest rate-related instruments	33,023		33,023		—		33,023		—
Foreign currency exchange forwards	2,140		2,140		—		2,140		—
Interest rate lock commitments to originate residential mortgage loans held for sale	1,947		1,947		—		—		1,947
Purchased options (time deposit)	6,054		6,054		—		6,054		—
Financial liabilities:
Noninterest-bearing demand, savings, interest-bearing demand, and money market deposits	$	17,192,049	$	17,192,049	$	—	$	—	$	17,192,049
Brokered CDs and other time deposits	1,571,455		1,571,455		—		1,571,455		—
Short-term funding	1,068,288		1,068,288		—		1,068,288		—
Long-term funding	3,930,117		3,975,605		—		3,975,605		—
Accrued interest payable	9,530		9,530		9,530		—		—
Interest rate-related instruments	35,372		35,372		—		35,372		—
Foreign currency exchange forwards	1,957		1,957		—		1,957		—
Standby letters of credit (1)	3,542		3,542		—		3,542		—
Forward commitments to sell residential mortgage loans	2,435		2,435		—		—		2,435
Written options (time deposit)	6,054		6,054		—		6,054		—

(1) The commitment on standby letters of credit was $334 million and $353 million at March 31, 2015 and December 31, 2014, respectively. See Note 13 for additional information on the standby letters of credit and for information on the fair value of lending-related commitments.

	March 31, 2015
	Carrying Amount		Fair Value		Fair Value Measurements Using
					Level 1		Level 2		Level 3
	($ in Thousands)
Financial assets:
Cash and due from banks	$	355,541	$	355,541	$	355,541	$	—	$	—
Interest-bearing deposits in other financial institutions	488,426		488,426		488,426		—		—
Federal funds sold and securities purchased under agreements to resell	3,380		3,380		3,380		—		—
Investment securities held to maturity	438,047		446,697		—		446,697		—
Investment securities available for sale	5,358,310		5,358,310		4,200		5,353,910		200
FHLB and Federal Reserve Bank stocks	189,222		189,222		—		189,222		—
Loans held for sale	159,963		161,662		—		161,662		—
Loans, net	17,713,764		17,921,155		—		—		17,921,155
Bank owned life insurance	576,707		576,707		—		576,707		—
Accrued interest receivable	69,759		69,759		69,759		—		—
Interest rate-related instruments	38,990		38,990		—		38,990		—
Foreign currency exchange forwards	3,346		3,346		—		3,346		—
Interest rate lock commitments to originate residential mortgage loans held for sale	3,685		3,685		—		—		3,685
Purchased options (time deposit)	6,111		6,111		—		6,111		—
Financial liabilities:
Noninterest-bearing demand, savings, interest-bearing demand, and money market deposits	$	18,215,591	$	18,215,591	$	—	$	—	$	18,215,591
Brokered CDs and other time deposits	1,636,001		1,639,738		—		1,639,738		—
Short-term funding	662,537		662,537		—		662,537		—
Long-term funding	3,429,925		3,487,809		—		3,487,809		—
Accrued interest payable	8,582		8,582		8,582		—		—
Interest rate-related instruments	41,633		41,633		—		41,633		—
Foreign currency exchange forwards	3,097		3,097		—		3,097		—
Standby letters of credit (1)	3,373		3,373		—		3,373		—
Forward commitments to sell residential mortgage loans	1,795		1,795		—		—		1,795
Written options (time deposit)	6,111		6,111		—		6,111		—

Fair Value, Measurements, Recurring [Member]

Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]

Assets and Liabilities Measured on Recurring Basis at Fair Value

Assets and Liabilities Measured at Fair Value on a Recurring Basis
			Fair Value Measurements Using
	March 31, 2015		Level 1		Level 2		Level 3
	($ in Thousands)
Assets:
Investment securities available for sale:
U.S. Treasury securities	$	1,002	$	1,002	$	—	$	—
Obligations of state and political subdivisions (municipal securities)	524,587		—		524,587		—
Residential mortgage-related securities:
Government-sponsored enterprise (GSE)	3,675,114		—		3,675,114		—
Private-label	1,953		—		1,953		—
GSE commercial mortgage-related securities	1,149,256		—		1,149,256		—
Other securities (debt and equity)	6,398		3,198		3,000		200
Total investment securities available for sale	$	5,358,310	$	4,200	$	5,353,910	$	200
Derivatives (trading and other assets)	$	52,132	$	—	$	48,447	$	3,685
Liabilities:
Derivatives (trading and other liabilities)	$	52,636	$	—	$	50,841	$	1,795
			Fair Value Measurements Using
	December 31, 2014		Level 1		Level 2		Level 3
	($ in Thousands)
Assets:
Investment securities available for sale:
U.S. Treasury securities	$	998	$	998	$	—	$	—
Obligations of state and political subdivisions (municipal securities)	582,679		—		582,679		—
Residential mortgage-related securities:
GSE	3,730,789		—		3,730,789		—
Private-label	2,294		—		2,294		—
GSE commercial mortgage-related securities	1,073,893		—		1,073,893		—
Other securities (debt and equity)	6,159		2,959		3,000		200
Total investment securities available for sale	$	5,396,812	$	3,957	$	5,392,655	$	200
Derivatives (trading and other assets)	$	43,164	$	—	$	41,217	$	1,947
Liabilities:
Derivatives (trading and other liabilities)	$	45,818	$	—	$	43,383	$	2,435