Fair Value Measurements and Fair Value of Financial Instruments (Tables)

3 Months Ended

Mar. 31, 2016

Fair Value Measurements and Fair Value 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):

March 31, 2016:

	Quoted Prices inActive Markets forIdentical Assets (Level 1)		SignificantOtherObservable Inputs (Level 2)		SignificantUnobservableInputs (Level 3)		Balanceas of March 31, 2016
Assets:
Securities Available for Sale:
Federal Agency	$	-	$	276,302	$	-	$	276,302
State & municipal		-		40,376		-		40,376
Mortgage-backed		-		417,800		-		417,800
Collateralized mortgage obligations		-		505,675		-		505,675
Other securities		10,381		9,340		-		19,721
Total Securities Available for Sale	$	10,381	$	1,249,493	$	-	$	1,259,874
Trading Securities		8,905		-		-		8,905
Interest Rate Swaps		-		12,121		-		12,121
Total	$	19,286	$	1,261,614	$	-	$	1,280,900
Liabilities:
Interest Rate Swaps	$	-	$	12,121	$	-	$	12,121
Total	$	-	$	12,121	$	-	$	12,121

December 31, 2015:

	Quoted Prices inActive Markets forIdentical Assets (Level 1)		SignificantOtherObservable Inputs (Level 2)		SignificantUnobservableInputs (Level 3)		Balanceas ofDecember 31, 2015
Assets:
Securities Available for Sale:
Federal Agency	$	-	$	311,272	$	-	$	311,272
State & municipal		-		31,637		-		31,637
Mortgage-backed		-		409,896		-		409,896
Collateralized mortgage obligations		-		404,971		-		404,971
Other securities		7,526		9,242		-		16,768
Total Securities Available for Sale	$	7,526	$	1,167,018	$	-	$	1,174,544
Trading Securities		8,377		-		-		8,377
Interest Rate Swaps		-		6,224		-		6,224
Total	$	15,903	$	1,173,242	$	-	$	1,189,145
Liabilities:
Interest Rate Swaps	$	-	$	6,224	$	-	$	6,224
Total	$	-	$	6,224	$	-	$	6,224

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 March 31, 2016 and December 31, 2015.  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.

			March 31, 2016				December 31, 2015
(In thousands)	Fair Value Hierarchy		Carrying amount		Estimated fair value		Carrying amount		Estimated fair value
Financial assets
Securities held to maturity		2	$	466,914	$	475,110	$	471,031	$	473,140
Net loans		3		5,903,491		6,062,550		5,820,115		5,958,427
Financial liabilities
Time deposits		2	$	888,658	$	889,278	$	908,827	$	903,501
Long-term debt		2		130,377		132,137		130,447		131,268
Junior subordinated debt		2		101,196		92,011		101,196		97,346