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Estimated Fair Values (Tables)
3 Months Ended
Mar. 31, 2012
Estimated Fair Values [Abstract]  
Estimated Fair Values For Certain Financial Assets And Financial Liabilities
For all other financial assets and financial liabilities, the carrying value is a reasonable estimate of the fair value as of March 31, 2012, December 31, 2011 and March 31, 2011. The carrying value and fair value for these assets and liabilities are equivalent because they are relatively short term in nature and there is no interest rate or credit risk relating to them that would cause the fair value to differ from carrying value.
 
 
 
March 31, 2012
 
December 31, 2011
 
March 31, 2011
Carrying Value
 
Fair Value
 
Carrying Value
 
Fair Value
 
Carrying Value
 
Fair Value
Cash and due from banks
$
552,663

 
$
552,663

 
$
590,801

 
$
590,801

 
$
406,252

 
$
406,252

Overnight investments
752,334

 
752,334

 
434,975

 
434,975

 
585,286

 
585,286

Investment securities available for sale
4,457,739

 
4,457,739

 
4,056,423

 
4,056,423

 
4,202,016

 
4,202,016

Investment securities held to maturity
1,688

 
1,844

 
1,822

 
1,980

 
2,341

 
2,537

Loans held for sale
73,457

 
75,342

 
92,539

 
93,235

 
48,222

 
48,222

Loans covered by loss share agreements, net of allowance for loan and lease losses
2,097,752

 
2,055,797

 
2,272,891

 
2,236,343

 
2,603,505

 
2,590,214

Loans and leases not covered by loss share agreements, net of allowance for loan and lease losses
11,303,146

 
11,171,217

 
11,400,754

 
11,312,900

 
11,214,383

 
11,062,010

Receivable from FDIC for loss share agreements (1)
410,351

 
297,963

 
539,511

 
446,172

 
624,322

 
557,356

Income earned not collected
52,406

 
52,406

 
42,216

 
42,216

 
98,501

 
98,501

Stock issued by:

 
 
 
 
 
 
 
 
 
 
Federal Home Loan Bank of Atlanta
41,043

 
41,043

 
41,042

 
41,042

 
47,123

 
47,123

Federal Home Loan Bank of San Francisco
12,356

 
12,356

 
12,976

 
12,976

 
14,875

 
14,875

Federal Home Loan Bank of Seattle
4,490

 
4,490

 
4,490

 
4,490

 
4,490

 
4,490

Deposits
17,759,492

 
17,810,831

 
17,577,274

 
17,638,359

 
17,811,736

 
17,862,769

Short-term borrowings
677,993

 
677,993

 
615,222

 
615,222

 
666,417

 
666,417

Long-term obligations
649,818

 
679,727

 
687,599

 
719,999

 
801,081

 
813,652

Accrued interest payable
21,486

 
21,486

 
23,719

 
23,719

 
27,930

 
27,930

Interest rate swap
10,325

 
10,325

 
10,714

 
10,714

 
7,775

 
7,775

Assets And Liabilities Carried At Fair Value On A Recurring Basis
For assets and liabilities carried at fair value on a recurring basis, the following table provides fair value information as of March 31, 2012December 31, 2011 and March 31, 2011:
 
 
 
 
Fair value measurements using:
Description
Fair value
 
Quoted prices in
active markets for
identical assets and
liabilities
(Level 1 inputs)
 
Quoted prices for
similar assets and
liabilities
(Level 2 inputs)
 
Significant
unobservable
inputs
(Level  3 inputs)
March 31, 2012
 
 
 
 
 
 
 
Assets measured at fair value
 
 
 
 
 
 
 
Investment securities available for sale
 
 
 
 
 
 
 
U.S. Treasury
$
1,065,036

 
$
1,065,036

 
$

 
$

Government agency
2,855,385

 
2,855,385

 

 

Corporate bonds
226,428

 
226,428

 

 

Residential mortgage-backed securities
290,908

 

 
290,908

 

Equity securities
18,943

 
18,943

 

 

State, county, municipal
1,039

 

 
1,039

 

Total
$
4,457,739

 
$
4,165,792

 
$
291,947

 
$

Liabilities measured at fair value
 
 
 
 
 
 
 
Interest rate swaps accounted for as cash flow hedges
$
10,325

 
$

 
$
10,325

 
$

December 31, 2011
 
 
 
 
 
 
 
Assets measured at fair value
 
 
 
 
 
 
 
Investment securities available for sale
 
 
 
 
 
 
 
U.S. Treasury
$
887,819

 
$
887,819

 
$

 
$

Government agency
2,592,209

 
2,592,209

 

 

Corporate bonds
252,820

 
252,820

 

 

Residential mortgage-backed securities
307,221

 

 
307,221

 

Equity securities
15,313

 
15,313

 

 

State, county, municipal
1,041

 

 
1,041

 

Total
$
4,056,423

 
$
3,748,161

 
$
308,262

 
$

Liabilities measured at fair value
 
 
 
 
 
 
 
Interest rate swaps accounted for as cash flow hedges
$
10,714

 
$

 
$
10,714

 
$

March 31, 2011
 
 
 
 
 
 
 
Assets measured at fair value
 
 
 
 
 
 
 
Investment securities available for sale
 
 
 
 
 
 
 
U.S. Treasury
$
3,565,503

 
$
3,565,503

 
$

 
$

Government agency

 

 

 

Corporate bonds
459,717

 
459,717

 

 

Residential mortgage-backed securities
155,922

 

 
155,922

 

Equity securities
19,621

 
19,621

 

 

State, county, municipal
1,253

 

 
1,253

 

Total
$
4,202,016

 
$
4,044,841

 
$
157,175

 
$

Liabilities measured at fair value
 
 
 
 
 
 
 
Interest rate swaps accounted for as cash flow hedges
$
7,775

 
$

 
$
7,775

 
$

Assets And Liabilities Carried At Fair Value On A Nonrecurring Basis
For assets and liabilities carried at fair value on a nonrecurring basis, the following table provides fair value information as of March 31, 2012December 31, 2011 and March 31, 2011:
 
 
 
 
Fair value measurements using:
Description
Fair value
 
Quoted prices in
active markets for
identical assets
and liabilities
(Level 1 inputs)
 
Quoted prices for
similar assets
and liabilities
(Level 2 inputs)
 
Significant
nonobservable
inputs
(Level 3 inputs)
March 31, 2012
 
 
 
 
 
 
 
Loans held for sale
$
45,146

 
$

 
$
45,146

 
$

Impaired loans not covered by loss share agreements
82,882

 

 

 
82,882

December 31, 2011
 
 
 
 
 
 
 
Loans held for sale
63,470

 

 
63,470

 

Impaired loans not covered by loss share agreements
128,365

 

 

 
128,365

March 31, 2011
 
 
 
 
 
 
 
Loans held for sale
48,222

 

 
48,222

 

Impaired loans not covered by loss share agreements
101,245

 

 

 
101,245

Schedule of Fair Value Measurements Of Other Real Estate Opportunites [Table Text Block]
The following table provides information regarding OREO for the three month periods ended March 31, 2012 and 2011.

 
Three Months Ended March 31
 
2012
 
2011
Current year foreclosures:
 
 
 
Covered under loss share agreements
$
20,532

 
$
40,800

Not covered under loss share agreements
6,308

 
6,129

Loan charge-offs recorded due to the measurement and initial recognition of OREO:
 
 
 
Covered under loss share agreements
959

 
3,787

Not covered under loss share agreements
458

 
668

Write-downs recorded subsequent to foreclosure for OREO:
 
 
 
Covered under loss share agreements
122

 
4,566

Not covered under loss share agreements
483

 
749

Fair value of OREO remeasured in current year:
 
 
 
Covered under loss share agreements
21,344

 
48,016

Not covered under loss share agreements
8,048

 
10,705