XML 57 R46.htm IDEA: XBRL DOCUMENT v3.10.0.1
Fair Value Measurement (Tables)
 6 Months Ended
Jun. 30, 2018
Fair Value Disclosures [Abstract]  
Fair Value, Assets Measured on Recurring and Nonrecurring Basis
The following tables present the Corporation’s assets measured at fair value on a recurring basis as of June 30, 2018 and December 31, 2017:
As of June 30, 2018
 
 
 
 
 
 
 
(dollars in millions)
Total
 
Level 1
 
Level 2
 
Level 3
Investment securities available for sale:
 
 
 
 
 
 
 
U.S. Treasury securities
$
0.1

 
$
0.1

 
$
—

 
$
—

Obligations of U.S. government & agencies
183.3

 
—

 
183.3

 
—

Obligations of state & political subdivisions
17.4

 
—

 
17.4

 
—

Mortgage-backed securities
292.6

 
—

 
292.6

 
—

Collateralized mortgage obligations
36.6

 
—

 
36.6

 
—

Other debt securities
1.1

 
—

 
1.1

 
—

Total investment securities available for sale
$
531.1

 
$
0.1

 
$
531.0

 
$
—

 
 
 
 
 
 
 
 
Investment securities trading:
 
 
 
 
 
 
 
Mutual funds
$
8.2

 
$
8.2

 
$
—

 
$
—

 
 
 
 
 
 
 
 
Derivatives:
 
 
 
 
 
 
 
Interest rate swaps
$
6.3

 
$
—

 
$
6.3

 
$
—

     Total recurring fair value measurements
$
545.6

 
$
8.3

 
$
537.3

 
$
—

 
As of December 31, 2017
 
 
 
 
 
 
 
(dollars in millions)
Total
 
Level 1
 
Level 2
 
Level 3
Investment securities available for sale:
 
 
 
 
 
 
 
U.S. Treasury securities
$
200.1

 
$
200.1

 
$
—

 
$
—

Obligations of U.S. government & agencies
151.0

 
—

 
151.0

 
—

Obligations of state & political subdivisions
21.3

 
—

 
21.3

 
—

Mortgage-backed securities
275.0

 
—

 
275.0

 
—

Collateralized mortgage obligations
36.7

 
—

 
36.7

 
—

Mutual funds
3.5

 
3.5

 
—

 
—

Other debt securities
1.6

 
—

 
1.6

 
—

Total investment securities available for sale
$
689.2

 
$
203.6

 
$
485.6

 
$
—

 
 
 
 
 
 
 
 
Investment securities trading:
 
 
 
 
 
 
 
Mutual funds
$
4.6

 
$
4.6

 
$
—

 
$
—

 
 
 
 
 
 
 
 
Derivatives:
 
 
 
 
 
 
 
Interest rate swaps
$
1.9

 
$
—

 
$
1.9

 
$
—

     Total recurring fair value measurements
$
695.7

 
$
208.2

 
$
487.5

 
$
—

As of December 31, 2017
 
 
 
 
 
 
 
(dollars in millions)
Total
 
Level 1
 
Level 2
 
Level 3
MSRs
$
6.4

 
$
—

 
$
—

 
$
6.4

Impaired loans and leases
14.0

 
—

 
—

 
14.0

OREO
0.3

 
—

 
—

 
0.3

   Total non-recurring fair value measurements
$
20.7

 
$
—

 
$
—

 
$
20.7

The following tables present the Corporation’s assets measured at fair value on a non-recurring basis as of June 30, 2018 and December 31, 2017:
As of June 30, 2018
 
 
 
 
 
 
 
(dollars in millions)
Total
 
Level 1
 
Level 2
 
Level 3
MSRs
$
6.7

 
$
—

 
$
—

 
$
6.7

Impaired loans and leases
13.1

 
—

 
—

 
13.1

OREO
0.5

 
—

 
—

 
0.5

   Total non-recurring fair value measurements
$
20.3

 
$
—

 
$
—

 
$
20.3