Fair Values of Financial Instruments (Tables)

9 Months Ended

Sep. 30, 2012

Fair Values of Financial Instruments [Abstract]

Fair Value of Financial Assets and Liabilities Measured on a Recurring Basis

The following tables set forth the Company's financial assets and liabilities measured on a recurring basis that were accounted for at fair value. Assets and liabilities are classified in their entirety based on the lowest level of input that is significant to the fair value measurement (in thousands):

September 30, 2012:

	Quoted Prices in		Significant Other		Significant
	Active Markets for		Observable		Unobservable		Balance
	Identical Assets		Inputs		Inputs		as of
	(Level 1)		(Level 2)		(Level 3)		September 30, 2012
Assets:
Securities Available for Sale:
U.S. Treasury	$	64,662	$	-	$	-	$	64,662
Federal Agency		-		296,158		-		296,158
State & municipal		-		92,504		-		92,504
Mortgage-backed		-		279,596		-		279,596
Collateralized mortgage obligations		-		446,887		-		446,887
Other securities		9,210		2,090		-		11,300
Total Securities Available for Sale	$	73,872	$	1,117,235	$	-	$	1,191,107
Trading Securities		3,851		-		-		3,851
Interest Rate Swaps		-		1,490		-		1,490
Total	$	77,723	$	1,118,725	$	-	$	1,196,448
Liabilities:
Interest Rate Swaps	$	-	$	1,490	$	-	$	1,490
Total	$	-	$	1,490	$	-	$	1,490

December 31, 2011:

	Quoted Prices in		Significant Other		Significant
	Active Markets for		Observable		Unobservable		Balance
	Identical Assets		Inputs		Inputs		as of
	(Level 1)		(Level 2)		(Level 3)		December 31, 2011
Assets:
Securities Available for Sale:
U.S. Treasury	$	82,233	$	-	$	-	$	82,233
Federal Agency		-		255,846		-		255,846
State & municipal		-		104,789		-		104,789
Mortgage-backed		-		325,397		-		325,397
Collateralized mortgage obligations		-		465,475		-		465,475
Other securities		8,825		2,054		-		10,879
Total Securities Available for Sale	$	91,058	$	1,153,561	$	-	$	1,244,619
Trading Securities		3,062		-		-		3,062
Total	$	94,120	$	1,153,561	$	-	$	1,247,681

Fair Value of Financial Instruments By Balance Sheet Grouping

The following table sets forth information with regard to estimated fair values of financial instruments at September 30, 2012 and December 31, 2011. This table excludes financial instruments for which the carrying amount approximates fair value. Financial instruments for which the fair value approximates carrying value include cash and cash equivalents, securities available for sale, trading securities, accrued interest receivable, non-maturity deposits, short-term borrowings, accrued interest payable, and interest rate swaps.

			September 30, 2012				December 31, 2011
(In thousands)	Fair Value Hierarchy		Carrying amount		Estimated fair value		Carrying amount		Estimated fair value
Financial assets
Securities held to maturity		2		61,302		62,401		70,811		72,198
Net loans		3		4,180,385		4,298,990		3,728,869		3,821,640
Financial liabilities
Time deposits		2		1,018,957		1,028,110		933,127		942,437
Long-term debt		2		367,144		418,349		370,344		427,107
Trust Preferred Debentures		3		75,422		57,123		75,422		55,980