Fair Value of Financial Instruments (Tables)

3 Months Ended

Mar. 31, 2013

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

The following table presents the carrying value and fair value of the financial instruments.

	As of March 31, 2013				As of December 31, 2012
(in thousands)	Carrying Value		Fair Value		Carrying Value		Fair Value
Assets
Cash and cash equivalents	$	129,300	$	129,300	$	117,451	$	117,451
Securities available for sale		314,597		314,597		253,798		253,798
Securities held to maturity		14,869		16,942		15,555		17,867
Nonmarketable securities		19,245		19,245		20,914		20,914
Total loans, net		2,428,715		2,471,335		2,451,145		2,502,376
Loans held for sale		33,752		33,752		55,201		55,201
FDIC indemnification asset		58,917		58,917		80,268		80,268
Other repossessed assets acquired1		16,310		16,310		18,338		18,338
Residential mortgage servicing rights1		15,297		15,297		13,910		13,910
Accrued interest receivable1		8,675		8,675		8,564		8,564
Derivative financial instruments1		2,140		2,140		2,561		2,561
Liabilities
Deposits		2,600,520		2,612,531		2,595,333		2,608,927
Advances from FHLB		233,000		258,517		233,000		260,409
Long-term debt		47,204		47,016		47,204		46,749
FDIC true-up liability2		2,396		2,396		3,658		3,658
Accrued interest payable2		5,792		5,792		6,114		6,114

Fair Value, Assets Measured on Recurring Basis [Table Text Block]

The following tables present the financial instruments measured at fair value on a recurring basis.

	As of March 31, 2013
(in thousands)	Level 1			Level 2			Level 3			Total
Obligations of US government agencies and corporations		$	1,019		$	225		$	---		$	1,244
State and municipal obligations			---			13,263			---			13,263
Collateralized debt obligations			---			---			3,504			3,504
Mortgage-backed securities			---			145,308			---			145,308
Collateralized mortgage obligations			---			144,507			---			144,507
Other securities			2,147			2,987			1,637			6,771
Securities available for sale			3,166			306,290			5,141			314,597
Residential mortgage servicing rights			---			---			15,297			15,297
Derivative financial instruments			2,140			---			---			2,140
Total assets at fair value		$	5,306		$	306,290		$	20,438		$	332,034

	As of December 31, 2012
(in thousands)	Level 1			Level 2			Level 3			Total
Obligations of US government agencies and corporations		$	---		$	1,278		$	---		$	1,278
State and municipal obligations			---			13,483			---			13,483
Collateralized debt obligations			---			---			3,332			3,332
Mortgage-backed securities			---			74,304			---			74,304
Collateralized mortgage obligations			---			154,883			---			154,883
Other securities			1,929			2,999			1,590			6,518
Securities available for sale			1,929			246,947			4,922			253,798
Residential mortgage servicing rights			---			---			13,910			13,910
Derivative financial instruments			2,561			---			---			2,561
Total assets at fair value		$	4,490		$	246,947		$	18,832		$	270,269

Fair Value Inputs, Assets, Quantitative Information [Table Text Block]

The following table presents quantitative information regarding the assumptions used for valuing Level 3 assets.

(dollars in thousands)	Fair Value as of March 31, 20131		Valuation	Unobservable Input	Range	Minimum	Maximum	(Weighted Average)
Collateralized debt obligations	$	3,504	Discounted cash flow	Discount margin to LIBOR		10.50%	16.80%	12.19%
				Constant default rate		0.25%	0.84%	0.39%
				Default percentage		8.06%	48.92%	31.26%
MSRs	$	15,297	Discounted cash flow	Constant prepayment rate	14.60%
				Discount rate	10.43%
				Delinquency percentage	1.63%

Changes in Level 3 fair value measurements based on hierarchy levels [Table Text Block]

The table below includes changes in level 3 fair value measurements based on the hierarchy levels previously discussed. The gains (losses) in the following table may include changes to fair value due in part to observable factors that may be part of the valuation methodology.

	Quarter Ended March 31, 2013					Quarter Ended March 31, 2012
(in thousands)	Securities Available For Sale		Residential Mortgage Servicing Rights			Securities Available For Sale			Residential Mortgage Servicing Rights
Balance, beginning of period	$	4,922	$	13,910		$	57,028		$	10,663
Total net losses for the year included in
Other-than-temporary impairment losses on investment securities		---		---			(69	)		---
Mortgage and other loan income		---		(431	)		---			(538	)
Other comprehensive income, gross		172		---			274			---
Purchases		47		---			215			---
Servicing assets that resulted from transfers of financial assets		---		1,818			---			1,773
Paydowns		---		---			(3,424	)		---
Balance, end of period	$	5,141	$	15,297		$	54,024		$	11,898

Fair Value Measurements, Nonrecurring [Table Text Block]

The table below presents the assets measured at fair value on a nonrecurring basis categorized by the level of inputs used in the valuation of each asset and the corresponding realized loss.

(in thousands)	As of March 31,2013		Level 1		Level 2		Level 3		Year to Date Losses
Assets
Loans held for sale	$	33,752	$	---	$	33,752	$	---	$	---
Impaired loans, net of specific allowance		33,502		---		---		33,502		3,752
Other repossessed assets acquired		16,310		---		---		16,310		408
Total	$	83,564	$	---	$	33,752	$	49,812	$	4,160

(in thousands)	As of December 31, 2012		Level 1		Level 2		Level 3		Year to Date Losses
Assets
Loans held for sale	$	55,201	$	---	$	55,201	$	---	$	---
Impaired loans, net of specific allowance		24,632		---		---		24,632		3,511
Other repossessed assets acquired		18,338		---		---		18,338		1,138
Total	$	98,171	$	---	$	55,201	$	42,970	$	4,649

Fair Value, Estimate Not Practicable [Table Text Block]

Additionally, accounting standards require the disclosure of the estimated fair value of financial instruments that are not recorded at fair value. The following table presents the financial instruments not recorded at fair value categorized by the level of inputs.

	As of March 31, 2013
(in thousands)	Level 1		Level 2		Level 3		Total
Assets
Cash and cash equivalents	$	129,300	$	---	$	---	$	129,300
Securities held to maturity		---		16,942		---		16,942
Nonmarketable securities		---		---		19,245		19,245
Total loans, net1		---		---		2,437,833		2,437,833
FDIC indemnification asset		---		---		58,917		58,917
Accrued interest receivable2		8,675		---		---		8,675
Liabilities
Deposits		---		---		2,612,531		2,612,531
Advances from FHLB		---		---		258,517		258,517
Long term debt		---		---		47,016		47,016
FDIC true-up liability3		2,396		---		---		2,396
Accrued interest payable3		5,792		---		---		5,792

	As of December 31, 2012
(in thousands)	Level 1		Level 2		Level 3		Total
Assets
Cash and cash equivalents	$	117,451	$	---	$	---	$	117,451
Securities held to maturity		---		17,867		---		17,867
Nonmarketable securities		---		---		20,914		20,914
Total loans, net 1		---		---		2,477,744		2,477,744
FDIC indemnification asset		---		---		80,268		80,268
Accrued interest receivable2		8,564		---		---		8,564
Liabilities
Deposits		---		---		2,608,927		2,608,927
Advances from FHLB		---		---		260,409		260,409
Long term debt		---		---		46,749		46,749
FDIC true-up liability3		3,658		---		---		3,658
Accrued interest payable3		6,114		---		---		6,114