2.2.0.7 false Fair Value 11401 - Disclosure - Fair Value true false false false 1 USD false false Unit12 Standard http://www.xbrl.org/2003/iso4217 USD iso4217 0 Unit13 Standard http://www.xbrl.org/2003/instance pure xbrli 0 Unit14 Divide http://www.xbrl.org/2003/iso4217 USD iso4217 http://www.xbrl.org/2003/instance shares xbrli 0 Unit1 Standard http://www.xbrl.org/2003/instance shares xbrli 0 $ 2 Fair Value 0 prk_FairValueAbstract prk false na duration Fair Value false false false false false true false false false false false false 1 false false false false 0 0 false false false xbrli:stringItemType string Fair Value false 3 Fair Value 1 us-gaap_FairValueDisclosuresTextBlock us-gaap true na duration No definition available. false false false false false false false false false false false terselabel false 1 false false false false 0 0 <div> <div style="text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 0pt;" align="justify">Note 14 – Fair Value</div> <div style="text-indent: 0pt; display: block;"> </div> <div style="text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 0pt;" align="left">The fair value hierarchy requires an entity to maximize the use of observable inputs and minimize the use of unobservable inputs when measuring fair value. The three levels of inputs that Park uses to measure fair value are as follows:</div> <div style="text-indent: 0pt; display: block;"> </div> <div> <table border="0" cellspacing="0" cellpadding="0" width="100%" align="center"> <tr valign="top"><td style="width: 18pt;"> <div>  </div></td> <td style="width: 18pt;"> <div style="text-indent: 0pt; margin-left: 0pt; margin-right: 0pt;">§</div></td> <td> <div align="left">Level 1: Quoted prices (unadjusted) for identical assets or liabilities in active markets that Park has the ability to access as of the measurement date.</div></td></tr></table></div> <div> <table border="0" cellspacing="0" cellpadding="0" width="100%" align="center"> <tr valign="top"><td style="width: 18pt;"> <div>  </div></td> <td style="width: 18pt;"> <div style="text-indent: 0pt; margin-left: 0pt; margin-right: 0pt;">§</div></td> <td> <div align="left">Level 2: Level 1 inputs for assets or liabilities that are not actively traded. Also consists of an observable market price for a similar asset or liability. This includes the use of "matrix pricing" to value debt securities absent the exclusive use of quoted prices.</div></td></tr></table></div> <div> <table border="0" cellspacing="0" cellpadding="0" width="100%" align="center"> <tr valign="top"><td style="width: 18pt;"> <div>  </div></td> <td style="width: 18pt;"> <div style="text-indent: 0pt; margin-left: 0pt; margin-right: 0pt;">§</div></td> <td> <div align="left">Level 3: Consists of unobservable inputs that are used to measure fair value when observable market inputs are not available. This could include the use of internally developed models, financial forecasting and similar inputs.</div></td></tr></table></div> <div style="text-indent: 0pt; display: block;"> </div> <div style="text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 0pt;" align="left">Fair value is defined as the price that would be received to sell an asset or paid to transfer a liability between market participants at the balance sheet date. When possible, the Company looks to active and observable markets to price identical assets or liabilities. When identical assets and liabilities are not traded in active markets, the Company looks to observable market data for similar assets and liabilities. However, certain assets and liabilities are not traded in observable markets and Park must use other valuation methods to develop a fair value. The fair value of impaired loans is based on the fair value of the underlying collateral, which is estimated through third party appraisals or internal estimates of collateral values.</div> <div style="text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 0pt;" align="justify">  </div> <div style="text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 0pt;" align="justify">Assets and Liabilities Measured at Fair Value on a Recurring Basis:</div> <div style="text-indent: 0pt; display: block;"> </div> <div style="text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 0pt;" align="justify">The following table presents assets and liabilities measured at fair value on a recurring basis:</div> <div style="text-indent: 0pt; display: block;"> </div> <div> <div align="left"> <div align="center"> <div align="center"> <div align="center"> <div align="center"> <div style="margin-left: 36pt;" align="left"> <table cellspacing="0" cellpadding="0" width="87%"> <tr><td style="border-bottom: black 2px solid;" valign="bottom" width="99%" colspan="16" nowrap="nowrap"> <div style="text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 0pt;" align="center">Fair Value Measurements at September 30, 2010 using:</div></td> <td style="padding-bottom: 2px;" valign="bottom" width="1%" nowrap="nowrap" align="left"> </td></tr> <tr><td style="border-bottom: black 2px solid;" valign="bottom" width="52%" align="left"> <div style="text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 0pt;" align="left">(in thousands)</div></td> <td style="padding-bottom: 2px;" valign="bottom" width="1%"> </td> <td style="border-bottom: black 2px solid;" valign="bottom" width="10%" colspan="2" nowrap="nowrap"> <div style="text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 0pt;" align="center">Level 1</div></td> <td style="padding-bottom: 2px;" valign="bottom" width="1%" nowrap="nowrap" align="left"> </td> <td style="padding-bottom: 2px;" valign="bottom" width="1%"> </td> <td style="border-bottom: black 2px solid;" valign="bottom" width="10%" colspan="2" nowrap="nowrap"> <div style="text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 0pt;" align="center">Level 2</div></td> <td style="padding-bottom: 2px;" valign="bottom" width="1%" nowrap="nowrap" align="left"> </td> <td style="padding-bottom: 2px;" valign="bottom" width="1%"> </td> <td style="border-bottom: black 2px solid;" valign="bottom" width="10%" colspan="2" nowrap="nowrap"> <div style="text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 0pt;" align="center">Level 3</div></td> <td style="padding-bottom: 2px;" valign="bottom" width="1%" nowrap="nowrap" align="left"> </td> <td style="padding-bottom: 2px;" valign="bottom" width="1%"> </td> <td style="border-bottom: black 2px solid;" valign="bottom" width="10%" colspan="2" nowrap="nowrap"> <div style="text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 0pt;" align="center">Balance at</div> <div style="text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 0pt;" align="center">September 30, 2010</div></td> <td style="padding-bottom: 2px;" valign="bottom" width="1%" nowrap="nowrap" align="left"> </td></tr> <tr bgcolor="#ccffcc"><td valign="bottom" width="52%" align="left"> <div style="text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 0pt;" align="left">Assets</div></td> <td valign="bottom" width="1%"> </td> <td valign="bottom" width="10%" colspan="2" nowrap="nowrap"> </td> <td valign="bottom" width="1%" nowrap="nowrap" align="left"> </td> <td valign="bottom" width="1%"> </td> <td valign="bottom" width="10%" colspan="2" nowrap="nowrap"> </td> <td valign="bottom" width="1%" nowrap="nowrap" align="left"> </td> <td valign="bottom" width="1%"> </td> <td valign="bottom" width="10%" colspan="2" nowrap="nowrap"> </td> <td valign="bottom" width="1%" nowrap="nowrap" align="left"> </td> <td valign="bottom" width="1%"> </td> <td valign="bottom" width="10%" colspan="2" nowrap="nowrap"> </td> <td valign="bottom" width="1%" nowrap="nowrap" align="left"> </td></tr> <tr bgcolor="white"><td valign="bottom" width="52%" align="left"> <div style="text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 0pt;" align="left">Investment securities</div></td> <td valign="bottom" width="1%"> </td> <td valign="bottom" width="10%" colspan="2" nowrap="nowrap"> </td> <td valign="bottom" width="1%" nowrap="nowrap" align="left"> </td> <td valign="bottom" width="1%"> </td> <td valign="bottom" width="10%" colspan="2" nowrap="nowrap"> </td> <td valign="bottom" width="1%" nowrap="nowrap" align="left"> </td> <td valign="bottom" width="1%"> </td> <td valign="bottom" width="10%" colspan="2" nowrap="nowrap"> </td> <td valign="bottom" width="1%" nowrap="nowrap" align="left"> </td> <td valign="bottom" width="1%"> </td> <td valign="bottom" width="10%" colspan="2" nowrap="nowrap"> </td> <td valign="bottom" width="1%" nowrap="nowrap" align="left"> </td></tr> <tr bgcolor="#ccffcc"><td valign="bottom" width="52%" align="left"> <div style="text-indent: 0pt; display: block; margin-left: 18pt; margin-right: 0pt;" align="left">Obligations of U.S. Treasury and other U.S. Government agencies</div></td> <td valign="bottom" width="1%" align="right"> </td> <td valign="bottom" width="1%" align="left">$</td> <td valign="bottom" width="9%" align="right">-</td> <td valign="bottom" width="1%" nowrap="nowrap" align="left"> </td> <td valign="bottom" width="1%" align="right"> </td> <td valign="bottom" width="1%" align="left">$</td> <td valign="bottom" width="9%" align="right">715,742</td> <td valign="bottom" width="1%" nowrap="nowrap" align="left"> </td> <td valign="bottom" width="1%" align="right"> </td> <td valign="bottom" width="1%" align="left">$</td> <td valign="bottom" width="9%" align="right">-</td> <td valign="bottom" width="1%" nowrap="nowrap" align="left"> </td> <td valign="bottom" width="1%" align="right"> </td> <td valign="bottom" width="1%" align="left">$</td> <td valign="bottom" width="9%" align="right">715,742</td> <td valign="bottom" width="1%" nowrap="nowrap" align="left"> </td></tr> <tr bgcolor="white"><td valign="bottom" width="52%" align="left"> <div style="text-indent: 0pt; display: block; margin-left: 18pt; margin-right: 0pt;" align="left">Obligations of states and political subdivisions</div></td> <td valign="bottom" width="1%" align="right"> </td> <td valign="bottom" width="1%" align="left"> </td> <td valign="bottom" width="9%" align="right">-</td> <td valign="bottom" width="1%" nowrap="nowrap" align="left"> </td> <td valign="bottom" width="1%" align="right"> </td> <td valign="bottom" width="1%" align="left"> </td> <td valign="bottom" width="9%" align="right">9,858</td> <td valign="bottom" width="1%" nowrap="nowrap" align="left"> </td> <td valign="bottom" width="1%" align="right"> </td> <td valign="bottom" width="1%" align="left"> </td> <td valign="bottom" width="9%" align="right">2,849</td> <td valign="bottom" width="1%" nowrap="nowrap" align="left"> </td> <td valign="bottom" width="1%" align="right"> </td> <td valign="bottom" width="1%" align="left"> </td> <td valign="bottom" width="9%" align="right">12,707</td> <td valign="bottom" width="1%" nowrap="nowrap" align="left"> </td></tr> <tr bgcolor="#ccffcc"><td valign="bottom" width="52%" align="left"> <div style="text-indent: 0pt; display: block; margin-left: 18pt; margin-right: 0pt;" align="left">U.S. Government agencies' asset-backed securities</div></td> <td valign="bottom" width="1%" align="right"> </td> <td valign="bottom" width="1%" align="left"> </td> <td valign="bottom" width="9%" align="right">-</td> <td valign="bottom" width="1%" nowrap="nowrap" align="left"> </td> <td valign="bottom" width="1%" align="right"> </td> <td valign="bottom" width="1%" align="left"> </td> <td valign="bottom" width="9%" align="right">492,630</td> <td valign="bottom" width="1%" nowrap="nowrap" align="left"> </td> <td valign="bottom" width="1%" align="right"> </td> <td valign="bottom" width="1%" align="left"> </td> <td valign="bottom" width="9%" align="right">-</td> <td valign="bottom" width="1%" nowrap="nowrap" align="left"> </td> <td valign="bottom" width="1%" align="right"> </td> <td valign="bottom" width="1%" align="left"> </td> <td valign="bottom" width="9%" align="right">492,630</td> <td valign="bottom" width="1%" nowrap="nowrap" align="left"> </td></tr> <tr bgcolor="white"><td valign="bottom" width="52%" align="left"> <div style="text-indent: 18pt; display: block; margin-left: 0pt; margin-right: 0pt;" align="left">Equity securities</div></td> <td valign="bottom" width="1%" align="right"> </td> <td valign="bottom" width="1%" align="left"> </td> <td valign="bottom" width="9%" align="right">1,633</td> <td valign="bottom" width="1%" nowrap="nowrap" align="left"> </td> <td valign="bottom" width="1%" align="right"> </td> <td valign="bottom" width="1%" align="left"> </td> <td valign="bottom" width="9%" align="right">-</td> <td valign="bottom" width="1%" nowrap="nowrap" align="left"> </td> <td valign="bottom" width="1%" align="right"> </td> <td valign="bottom" width="1%" align="left"> </td> <td valign="bottom" width="9%" align="right">-</td> <td valign="bottom" width="1%" nowrap="nowrap" align="left"> </td> <td valign="bottom" width="1%" align="right"> </td> <td valign="bottom" width="1%" align="left"> </td> <td valign="bottom" width="9%" align="right">1,633</td> <td valign="bottom" width="1%" nowrap="nowrap" align="left"> </td></tr> <tr bgcolor="#ccffcc"><td valign="bottom" width="52%" align="left"> <div style="text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 0pt;" align="left">Mortgage loans held for sale</div></td> <td valign="bottom" width="1%" align="right"> </td> <td valign="bottom" width="1%" align="left"> </td> <td valign="bottom" width="9%" align="right">-</td> <td valign="bottom" width="1%" nowrap="nowrap" align="left"> </td> <td valign="bottom" width="1%" align="right"> </td> <td valign="bottom" width="1%" align="left"> </td> <td valign="bottom" width="9%" align="right">9,649</td> <td valign="bottom" width="1%" nowrap="nowrap" align="left"> </td> <td valign="bottom" width="1%" align="right"> </td> <td valign="bottom" width="1%" align="left"> </td> <td valign="bottom" width="9%" align="right">-</td> <td valign="bottom" width="1%" nowrap="nowrap" align="left"> </td> <td valign="bottom" width="1%" align="right"> </td> <td valign="bottom" width="1%" align="left"> </td> <td valign="bottom" width="9%" align="right">9,649</td> <td valign="bottom" width="1%" nowrap="nowrap" align="left"> </td></tr> <tr bgcolor="white"><td valign="bottom" width="52%" align="left"> <div style="text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 0pt;" align="left">Mortgage IRLCs</div></td> <td valign="bottom" width="1%" align="right"> </td> <td valign="bottom" width="1%" align="left"> </td> <td valign="bottom" width="9%" align="right">-</td> <td valign="bottom" width="1%" nowrap="nowrap" align="left"> </td> <td valign="bottom" width="1%" align="right"> </td> <td valign="bottom" width="1%" align="left"> </td> <td valign="bottom" width="9%" align="right">488</td> <td valign="bottom" width="1%" nowrap="nowrap" align="left"> </td> <td valign="bottom" width="1%" align="right"> </td> <td valign="bottom" width="1%" align="left"> </td> <td valign="bottom" width="9%" align="right">-</td> <td valign="bottom" width="1%" nowrap="nowrap" align="left"> </td> <td valign="bottom" width="1%" align="right"> </td> <td valign="bottom" width="1%" align="left"> </td> <td valign="bottom" width="9%" align="right">488</td> <td valign="bottom" width="1%" nowrap="nowrap" align="left"> </td></tr> <tr bgcolor="#ccffcc"><td valign="bottom" width="52%">  </td> <td valign="bottom" width="1%"> </td> <td valign="bottom" width="1%" align="left"> </td> <td valign="bottom" width="9%" align="right"> </td> <td valign="bottom" width="1%" nowrap="nowrap" align="left"> </td> <td valign="bottom" width="1%"> </td> <td valign="bottom" width="1%" align="left"> </td> <td valign="bottom" width="9%" align="right"> </td> <td valign="bottom" width="1%" nowrap="nowrap" align="left"> </td> <td valign="bottom" width="1%"> </td> <td valign="bottom" width="1%" align="left"> </td> <td valign="bottom" width="9%" align="right"> </td> <td valign="bottom" width="1%" nowrap="nowrap" align="left"> </td> <td valign="bottom" width="1%"> </td> <td valign="bottom" width="1%" align="left"> </td> <td valign="bottom" width="9%" align="right"> </td> <td valign="bottom" width="1%" nowrap="nowrap" align="left"> </td></tr> <tr bgcolor="white"><td valign="bottom" width="52%" align="left"> <div style="text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 0pt;" align="left">Liabilities</div></td> <td valign="bottom" width="1%"> </td> <td valign="bottom" width="1%" align="left"> </td> <td valign="bottom" width="9%" align="right"> </td> <td valign="bottom" width="1%" nowrap="nowrap" align="left"> </td> <td valign="bottom" width="1%"> </td> <td valign="bottom" width="1%" align="left"> </td> <td valign="bottom" width="9%" align="right"> </td> <td valign="bottom" width="1%" nowrap="nowrap" align="left"> </td> <td valign="bottom" width="1%"> </td> <td valign="bottom" width="1%" align="left"> </td> <td valign="bottom" width="9%" align="right"> </td> <td valign="bottom" width="1%" nowrap="nowrap" align="left"> </td> <td valign="bottom" width="1%"> </td> <td valign="bottom" width="1%" align="left"> </td> <td valign="bottom" width="9%" align="right"> </td> <td valign="bottom" width="1%" nowrap="nowrap" align="left"> </td></tr> <tr bgcolor="#ccffcc"><td valign="bottom" width="52%" align="left"> <div style="text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 0pt;" align="left">Interest rate swap</div></td> <td valign="bottom" width="1%" align="right"> </td> <td valign="bottom" width="1%" align="left">$</td> <td valign="bottom" width="9%" align="right">-</td> <td valign="bottom" width="1%" nowrap="nowrap" align="left"> </td> <td valign="bottom" width="1%" align="right"> </td> <td valign="bottom" width="1%" align="left">$</td> <td valign="bottom" width="9%" align="right">(1,909</td> <td valign="bottom" width="1%" nowrap="nowrap" align="left">)</td> <td valign="bottom" width="1%" align="right"> </td> <td valign="bottom" width="1%" align="left">$</td> <td valign="bottom" width="9%" align="right">-</td> <td valign="bottom" width="1%" nowrap="nowrap" align="left"> </td> <td valign="bottom" width="1%" align="right"> </td> <td valign="bottom" width="1%" align="left">$</td> <td valign="bottom" width="9%" align="right">(1,909</td> <td valign="bottom" width="1%" nowrap="nowrap" align="left">)</td></tr> <tr bgcolor="white"><td valign="bottom" width="52%" align="left"> <div style="text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 0pt;" align="left">Fair value swap</div></td> <td valign="bottom" width="1%" align="right"> </td> <td valign="bottom" width="1%" align="left"> </td> <td valign="bottom" width="9%" align="right">-</td> <td valign="bottom" width="1%" nowrap="nowrap" align="left"> </td> <td valign="bottom" width="1%" align="right"> </td> <td valign="bottom" width="1%" align="left"> </td> <td valign="bottom" width="9%" align="right">-</td> <td valign="bottom" width="1%" nowrap="nowrap" align="left"> </td> <td valign="bottom" width="1%" align="right"> </td> <td valign="bottom" width="1%" align="left"> </td> <td valign="bottom" width="9%" align="right">(340</td> <td valign="bottom" width="1%" nowrap="nowrap" align="left">)</td> <td valign="bottom" width="1%" align="right"> </td> <td valign="bottom" width="1%" align="left"> </td> <td valign="bottom" width="9%" align="right">(340</td> <td valign="bottom" width="1%" nowrap="nowrap" align="left">)</td></tr></table></div></div></div></div></div></div></div> <div style="text-indent: 0pt; display: block;"> </div> <div> <div align="left"> <div align="center"> <div align="center"> <div align="center"> <div align="center"> <div style="margin-left: 36pt;" align="left"> <table cellspacing="0" cellpadding="0" width="87%"> <tr><td style="border-bottom: black 2px solid;" valign="bottom" width="99%" colspan="16" nowrap="nowrap"> <div style="text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 0pt;" align="center">Fair Value Measurements at December 31, 2009 using:</div></td> <td style="padding-bottom: 2px;" valign="bottom" width="1%" nowrap="nowrap" align="left"> </td></tr> <tr><td style="border-bottom: black 2px solid;" valign="bottom" width="52%" align="left"> <div style="text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 0pt;" align="left">(in thousands)</div></td> <td style="padding-bottom: 2px;" valign="bottom" width="1%"> </td> <td style="border-bottom: black 2px solid;" valign="bottom" width="10%" colspan="2" nowrap="nowrap"> <div style="text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 0pt;" align="center">Level 1</div></td> <td style="padding-bottom: 2px;" valign="bottom" width="1%" nowrap="nowrap" align="left"> </td> <td style="padding-bottom: 2px;" valign="bottom" width="1%"> </td> <td style="border-bottom: black 2px solid;" valign="bottom" width="10%" colspan="2" nowrap="nowrap"> <div style="text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 0pt;" align="center">Level 2</div></td> <td style="padding-bottom: 2px;" valign="bottom" width="1%" nowrap="nowrap" align="left"> </td> <td style="padding-bottom: 2px;" valign="bottom" width="1%"> </td> <td style="border-bottom: black 2px solid;" valign="bottom" width="10%" colspan="2" nowrap="nowrap"> <div style="text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 0pt;" align="center">Level 3</div></td> <td style="padding-bottom: 2px;" valign="bottom" width="1%" nowrap="nowrap" align="left"> </td> <td style="padding-bottom: 2px;" valign="bottom" width="1%"> </td> <td style="border-bottom: black 2px solid;" valign="bottom" width="10%" colspan="2" nowrap="nowrap"> <div style="text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 0pt;" align="center">Balance at</div> <div style="text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 0pt;" align="center">December 31, 2009</div></td> <td style="padding-bottom: 2px;" valign="bottom" width="1%" nowrap="nowrap" align="left"> </td></tr> <tr bgcolor="#ccffcc"><td valign="bottom" width="52%" align="left"> <div style="text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 0pt;" align="left">Assets</div></td> <td valign="bottom" width="1%"> </td> <td valign="bottom" width="10%" colspan="2" nowrap="nowrap"> </td> <td valign="bottom" width="1%" nowrap="nowrap" align="left"> </td> <td valign="bottom" width="1%"> </td> <td valign="bottom" width="10%" colspan="2" nowrap="nowrap"> </td> <td valign="bottom" width="1%" nowrap="nowrap" align="left"> </td> <td valign="bottom" width="1%"> </td> <td valign="bottom" width="10%" colspan="2" nowrap="nowrap"> </td> <td valign="bottom" width="1%" nowrap="nowrap" align="left"> </td> <td valign="bottom" width="1%"> </td> <td valign="bottom" width="10%" colspan="2" nowrap="nowrap"> </td> <td valign="bottom" width="1%" nowrap="nowrap" align="left"> </td></tr> <tr bgcolor="white"><td valign="bottom" width="52%" align="left"> <div style="text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 0pt;" align="left">Investment securities</div></td> <td valign="bottom" width="1%"> </td> <td valign="bottom" width="10%" colspan="2" nowrap="nowrap"> </td> <td valign="bottom" width="1%" nowrap="nowrap" align="left"> </td> <td valign="bottom" width="1%"> </td> <td valign="bottom" width="10%" colspan="2" nowrap="nowrap"> </td> <td valign="bottom" width="1%" nowrap="nowrap" align="left"> </td> <td valign="bottom" width="1%"> </td> <td valign="bottom" width="10%" colspan="2" nowrap="nowrap"> </td> <td valign="bottom" width="1%" nowrap="nowrap" align="left"> </td> <td valign="bottom" width="1%"> </td> <td valign="bottom" width="10%" colspan="2" nowrap="nowrap"> </td> <td valign="bottom" width="1%" nowrap="nowrap" align="left"> </td></tr> <tr bgcolor="#ccffcc"><td valign="bottom" width="52%" align="left"> <div style="text-indent: 0pt; display: block; margin-left: 18pt; margin-right: 0pt;" align="left">Obligations of U.S. Treasury and other U.S. Government agencies</div></td> <td valign="bottom" width="1%" align="right"> </td> <td valign="bottom" width="1%" align="left">$</td> <td valign="bottom" width="9%" align="right">-</td> <td valign="bottom" width="1%" nowrap="nowrap" align="left"> </td> <td valign="bottom" width="1%" align="right"> </td> <td valign="bottom" width="1%" align="left">$</td> <td valign="bottom" width="9%" align="right">347,595</td> <td valign="bottom" width="1%" nowrap="nowrap" align="left"> </td> <td valign="bottom" width="1%" align="right"> </td> <td valign="bottom" width="1%" align="left">$</td> <td valign="bottom" width="9%" align="right">-</td> <td valign="bottom" width="1%" nowrap="nowrap" align="left"> </td> <td valign="bottom" width="1%" align="right"> </td> <td valign="bottom" width="1%" align="left">$</td> <td valign="bottom" width="9%" align="right">347,595</td> <td valign="bottom" width="1%" nowrap="nowrap" align="left"> </td></tr> <tr bgcolor="white"><td valign="bottom" width="52%" align="left"> <div style="text-indent: 0pt; display: block; margin-left: 18pt; margin-right: 0pt;" align="left">Obligations of states and political subdivisions</div></td> <td valign="bottom" width="1%" align="right"> </td> <td valign="bottom" width="1%" align="left"> </td> <td valign="bottom" width="9%" align="right">-</td> <td valign="bottom" width="1%" nowrap="nowrap" align="left"> </td> <td valign="bottom" width="1%" align="right"> </td> <td valign="bottom" width="1%" align="left"> </td> <td valign="bottom" width="9%" align="right">12,916</td> <td valign="bottom" width="1%" nowrap="nowrap" align="left"> </td> <td valign="bottom" width="1%" align="right"> </td> <td valign="bottom" width="1%" align="left"> </td> <td valign="bottom" width="9%" align="right">2,751</td> <td valign="bottom" width="1%" nowrap="nowrap" align="left"> </td> <td valign="bottom" width="1%" align="right"> </td> <td valign="bottom" width="1%" align="left"> </td> <td valign="bottom" width="9%" align="right">15,667</td> <td valign="bottom" width="1%" nowrap="nowrap" align="left"> </td></tr> <tr bgcolor="#ccffcc"><td valign="bottom" width="52%" align="left"> <div style="text-indent: 0pt; display: block; margin-left: 18pt; margin-right: 0pt;" align="left">U.S. Government agencies' asset-backed securities</div></td> <td valign="bottom" width="1%" align="right"> </td> <td valign="bottom" width="1%" align="left"> </td> <td valign="bottom" width="9%" align="right">-</td> <td valign="bottom" width="1%" nowrap="nowrap" align="left"> </td> <td valign="bottom" width="1%" align="right"> </td> <td valign="bottom" width="1%" align="left"> </td> <td valign="bottom" width="9%" align="right">922,903</td> <td valign="bottom" width="1%" nowrap="nowrap" align="left"> </td> <td valign="bottom" width="1%" align="right"> </td> <td valign="bottom" width="1%" align="left"> </td> <td valign="bottom" width="9%" align="right">-</td> <td valign="bottom" width="1%" nowrap="nowrap" align="left"> </td> <td valign="bottom" width="1%" align="right"> </td> <td valign="bottom" width="1%" align="left"> </td> <td valign="bottom" width="9%" align="right">922,903</td> <td valign="bottom" width="1%" nowrap="nowrap" align="left"> </td></tr> <tr bgcolor="white"><td valign="bottom" width="52%" align="left"> <div style="text-indent: 0pt; display: block; margin-left: 18pt; margin-right: 0pt;" align="left">Equity securities</div></td> <td valign="bottom" width="1%" align="right"> </td> <td valign="bottom" width="1%" align="left"> </td> <td valign="bottom" width="9%" align="right">1,562</td> <td valign="bottom" width="1%" nowrap="nowrap" align="left"> </td> <td valign="bottom" width="1%" align="right"> </td> <td valign="bottom" width="1%" align="left"> </td> <td valign="bottom" width="9%" align="right">-</td> <td valign="bottom" width="1%" nowrap="nowrap" align="left"> </td> <td valign="bottom" width="1%" align="right"> </td> <td valign="bottom" width="1%" align="left"> </td> <td valign="bottom" width="9%" align="right">-</td> <td valign="bottom" width="1%" nowrap="nowrap" align="left"> </td> <td valign="bottom" width="1%" align="right"> </td> <td valign="bottom" width="1%" align="left"> </td> <td valign="bottom" width="9%" align="right">1,562</td> <td valign="bottom" width="1%" nowrap="nowrap" align="left"> </td></tr> <tr bgcolor="#ccffcc"><td valign="bottom" width="52%" align="left"> <div style="text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 0pt;" align="left">Mortgage loans held for sale</div></td> <td valign="bottom" width="1%" align="right"> </td> <td valign="bottom" width="1%" align="left"> </td> <td valign="bottom" width="9%" align="right">-</td> <td valign="bottom" width="1%" nowrap="nowrap" align="left"> </td> <td valign="bottom" width="1%" align="right"> </td> <td valign="bottom" width="1%" align="left"> </td> <td valign="bottom" width="9%" align="right">9,551</td> <td valign="bottom" width="1%" nowrap="nowrap" align="left"> </td> <td valign="bottom" width="1%" align="right"> </td> <td valign="bottom" width="1%" align="left"> </td> <td valign="bottom" width="9%" align="right">-</td> <td valign="bottom" width="1%" nowrap="nowrap" align="left"> </td> <td valign="bottom" width="1%" align="right"> </td> <td valign="bottom" width="1%" align="left"> </td> <td valign="bottom" width="9%" align="right">9,551</td> <td valign="bottom" width="1%" nowrap="nowrap" align="left"> </td></tr> <tr bgcolor="white"><td valign="bottom" width="52%" align="left"> <div style="text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 0pt;" align="left">Mortgage IRLCs</div></td> <td valign="bottom" width="1%" align="right"> </td> <td valign="bottom" width="1%" align="left"> </td> <td valign="bottom" width="9%" align="right">-</td> <td valign="bottom" width="1%" nowrap="nowrap" align="left"> </td> <td valign="bottom" width="1%" align="right"> </td> <td valign="bottom" width="1%" align="left"> </td> <td valign="bottom" width="9%" align="right">214</td> <td valign="bottom" width="1%" nowrap="nowrap" align="left"> </td> <td valign="bottom" width="1%" align="right"> </td> <td valign="bottom" width="1%" align="left"> </td> <td valign="bottom" width="9%" align="right">-</td> <td valign="bottom" width="1%" nowrap="nowrap" align="left"> </td> <td valign="bottom" width="1%" align="right"> </td> <td valign="bottom" width="1%" align="left"> </td> <td valign="bottom" width="9%" align="right">214</td> <td valign="bottom" width="1%" nowrap="nowrap" align="left"> </td></tr> <tr bgcolor="#ccffcc"><td valign="bottom" width="52%">  </td> <td valign="bottom" width="1%"> </td> <td valign="bottom" width="1%" align="left"> </td> <td valign="bottom" width="9%" align="right"> </td> <td valign="bottom" width="1%" nowrap="nowrap" align="left"> </td> <td valign="bottom" width="1%"> </td> <td valign="bottom" width="1%" align="left"> </td> <td valign="bottom" width="9%" align="right"> </td> <td valign="bottom" width="1%" nowrap="nowrap" align="left"> </td> <td valign="bottom" width="1%"> </td> <td valign="bottom" width="1%" align="left"> </td> <td valign="bottom" width="9%" align="right"> </td> <td valign="bottom" width="1%" nowrap="nowrap" align="left"> </td> <td valign="bottom" width="1%"> </td> <td valign="bottom" width="1%" align="left"> </td> <td valign="bottom" width="9%" align="right"> </td> <td valign="bottom" width="1%" nowrap="nowrap" align="left"> </td></tr> <tr bgcolor="white"><td valign="bottom" width="52%" align="left"> <div style="text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 0pt;" align="left">Liabilities</div></td> <td valign="bottom" width="1%"> </td> <td valign="bottom" width="1%" align="left"> </td> <td valign="bottom" width="9%" align="right"> </td> <td valign="bottom" width="1%" nowrap="nowrap" align="left"> </td> <td valign="bottom" width="1%"> </td> <td valign="bottom" width="1%" align="left"> </td> <td valign="bottom" width="9%" align="right"> </td> <td valign="bottom" width="1%" nowrap="nowrap" align="left"> </td> <td valign="bottom" width="1%"> </td> <td valign="bottom" width="1%" align="left"> </td> <td valign="bottom" width="9%" align="right"> </td> <td valign="bottom" width="1%" nowrap="nowrap" align="left"> </td> <td valign="bottom" width="1%"> </td> <td valign="bottom" width="1%" align="left"> </td> <td valign="bottom" width="9%" align="right"> </td> <td valign="bottom" width="1%" nowrap="nowrap" align="left"> </td></tr> <tr bgcolor="#ccffcc"><td valign="bottom" width="52%" align="left"> <div style="text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 0pt;" align="left">Interest rate swap</div></td> <td valign="bottom" width="1%" align="right"> </td> <td valign="bottom" width="1%" align="left">$</td> <td valign="bottom" width="9%" align="right">-</td> <td valign="bottom" width="1%" nowrap="nowrap" align="left"> </td> <td valign="bottom" width="1%" align="right"> </td> <td valign="bottom" width="1%" align="left">$</td> <td valign="bottom" width="9%" align="right">(1,483</td> <td valign="bottom" width="1%" nowrap="nowrap" align="left">)</td> <td valign="bottom" width="1%" align="right"> </td> <td valign="bottom" width="1%" align="left">$</td> <td valign="bottom" width="9%" align="right">-</td> <td valign="bottom" width="1%" nowrap="nowrap" align="left"> </td> <td valign="bottom" width="1%" align="right"> </td> <td valign="bottom" width="1%" align="left">$</td> <td valign="bottom" width="9%" align="right">(1,483</td> <td valign="bottom" width="1%" nowrap="nowrap" align="left">)</td></tr> <tr bgcolor="white"><td valign="bottom" width="52%" align="left"> <div style="text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 0pt;" align="left">Fair value swap</div></td> <td valign="bottom" width="1%" align="right"> </td> <td valign="bottom" width="1%" align="left"> </td> <td valign="bottom" width="9%" align="right">-</td> <td valign="bottom" width="1%" nowrap="nowrap" align="left"> </td> <td valign="bottom" width="1%" align="right"> </td> <td valign="bottom" width="1%" align="left"> </td> <td valign="bottom" width="9%" align="right">-</td> <td valign="bottom" width="1%" nowrap="nowrap" align="left"> </td> <td valign="bottom" width="1%" align="right"> </td> <td valign="bottom" width="1%" align="left"> </td> <td valign="bottom" width="9%" align="right">(500</td> <td valign="bottom" width="1%" nowrap="nowrap" align="left">)</td> <td valign="bottom" width="1%" align="right"> </td> <td valign="bottom" width="1%" align="left"> </td> <td valign="bottom" width="9%" align="right">(500</td> <td valign="bottom" width="1%" nowrap="nowrap" align="left">)</td></tr></table></div></div></div></div></div></div></div> <div style="text-indent: 0pt; display: block;"> </div> <div style="text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 0pt;" align="left">The following methods and assumptions were used by the Corporation in determining fair value of the financial assets and liabilities discussed above:</div> <div style="text-indent: 0pt; display: block;"> </div> <div style="text-indent: 0pt; display: block; margin-left: 36pt; margin-right: 0pt;" align="left">Investment securities: Fair values for investment securities are based on quoted market prices, where available. If quoted market prices are not available, fair values are based on quoted market prices of comparable instruments. The Fair Value Measurements tables exclude Park's Federal Home Loan Bank stock and Federal Reserve Bank stock.  These assets are carried at their respective redemption values, as it is not practicable to calculate their fair values.  For securities where quoted prices or market prices of similar securities are not available, which include municipal securities, fair values are calculated using discounted cash flows.</div> <div style="text-indent: 0pt; display: block;"> </div> <div style="text-indent: 0pt; display: block; margin-left: 36pt; margin-right: 0pt;" align="left">Interest rate swap:  The fair value of the interest rate swap represents the estimated amount Park would pay or receive to terminate the agreement, considering current interest rates and the current creditworthiness of the counterparty.</div> <div style="text-indent: 0pt; display: block;"> </div> <div style="text-indent: 0pt; display: block; margin-left: 36pt; margin-right: 0pt;" align="left">Fair value swap:  The fair value of the swap agreement entered into with the purchaser of the Visa Class B shares represents an internally developed estimate of the exposure based upon probability-weighted potential Visa litigation losses.</div> <div style="text-indent: 0pt; display: block;"> </div> <div style="text-indent: 0pt; display: block; margin-left: 36pt; margin-right: 0pt;" align="left">Mortgage Interest Rate Lock Commitments (IRLCs): IRLCs are based on current secondary market pricing and are classified as Level 2.</div> <div style="text-indent: 0pt; display: block;"> </div> <div style="text-indent: 0pt; display: block; margin-left: 36pt; margin-right: 0pt;" align="left">Mortgage loans held for sale: Mortgage loans held for sale are carried at their fair value. Mortgage loans held for sale are estimated using security prices for similar product types and, therefore, are classified in Level 2.</div> <div style="text-indent: 0pt; display: block;"> </div> <div style="text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 0pt;" align="left">The table below is a reconciliation of the beginning and ending balances of the Level 3 inputs for the three and nine month periods ended September 30, 2010 and 2009, for financial instruments measured on a recurring basis and classified as Level 3:</div> <div style="text-indent: 0pt; display: block;"> </div> <div> <div align="left"> <div align="center"> <div align="center"> <div align="center"> <div align="center"> <div style="text-indent: 0pt; margin-left: 0pt; margin-right: 0pt;" align="left"> <div style="text-align: left; text-indent: 0pt; margin-left: 36pt; margin-right: 0pt;" align="center"> <table style="text-align: left;" cellspacing="0" cellpadding="0" width="90%"> <tr style="text-align: left;"><td style="border-bottom: black 2px solid;" valign="bottom" width="99%" colspan="8" nowrap="nowrap"> <div style="text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 0pt;" align="center">Level 3 Fair Value Measurements</div> <div style="text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 0pt;" align="center">Three months ended September 30, 2010 and 2009</div></td> <td style="padding-bottom: 2px;" valign="bottom" width="1%" nowrap="nowrap" align="left"> </td></tr> <tr><td style="border-bottom: black 2px solid;" valign="bottom" width="76%" align="left"> <div style="text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 0pt;" align="left">(in thousands)</div></td> <td style="padding-bottom: 2px;" valign="bottom" width="1%"> </td> <td style="border-bottom: black 2px solid;" valign="bottom" width="10%" colspan="2" nowrap="nowrap"> <div style="text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 0pt;" align="center">Obligations of states and political subdivisions</div></td> <td style="padding-bottom: 2px;" valign="bottom" width="1%" nowrap="nowrap" align="left"> </td> <td style="padding-bottom: 2px;" valign="bottom" width="1%"> </td> <td style="border-bottom: black 2px solid;" valign="bottom" width="10%" colspan="2" nowrap="nowrap"> <div style="text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 0pt;" align="center">Fair value swap</div></td> <td style="padding-bottom: 2px;" valign="bottom" width="1%" nowrap="nowrap" align="left"> </td></tr> <tr bgcolor="#ccffcc"><td valign="bottom" width="76%" align="left"> <div style="text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 0pt;" align="left">Balance, at June 30, 2010</div></td> <td valign="bottom" width="1%" align="right"> </td> <td valign="bottom" width="1%" align="left">$</td> <td valign="bottom" width="9%" align="right">2,756</td> <td valign="bottom" width="1%" nowrap="nowrap" align="left"> </td> <td valign="bottom" width="1%" align="right"> </td> <td valign="bottom" width="1%" align="left">$</td> <td valign="bottom" width="9%" align="right">(340</td> <td valign="bottom" width="1%" nowrap="nowrap" align="left">)</td></tr> <tr bgcolor="white"><td valign="bottom" width="76%" align="left"> <div style="text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 0pt;" align="left">Total gains/(losses)</div></td> <td valign="bottom" width="1%"> </td> <td valign="bottom" width="1%" align="left"> </td> <td valign="bottom" width="9%" align="right"> </td> <td valign="bottom" width="1%" nowrap="nowrap" align="left"> </td> <td valign="bottom" width="1%"> </td> <td valign="bottom" width="1%" align="left"> </td> <td valign="bottom" width="9%" align="right"> </td> <td valign="bottom" width="1%" nowrap="nowrap" align="left"> </td></tr> <tr bgcolor="#ccffcc"><td valign="bottom" width="76%" align="left"> <div style="text-indent: 18pt; display: block; margin-left: 0pt; margin-right: 0pt;" align="left">Included in earnings</div></td> <td valign="bottom" width="1%" align="right"> </td> <td valign="bottom" width="1%" align="left"> </td> <td valign="bottom" width="9%" align="right">-</td> <td valign="bottom" width="1%" nowrap="nowrap" align="left"> </td> <td valign="bottom" width="1%" align="right"> </td> <td valign="bottom" width="1%" align="left"> </td> <td valign="bottom" width="9%" align="right">-</td> <td valign="bottom" width="1%" nowrap="nowrap" align="left"> </td></tr> <tr bgcolor="white"><td valign="bottom" width="76%" align="left"> <div style="text-indent: 18pt; display: block; margin-left: 0pt; margin-right: 0pt;" align="left">Included in other comprehensive income</div></td> <td valign="bottom" width="1%" align="right"> </td> <td valign="bottom" width="1%" align="left"> </td> <td valign="bottom" width="9%" align="right">93</td> <td valign="bottom" width="1%" nowrap="nowrap" align="left"> </td> <td valign="bottom" width="1%" align="right"> </td> <td valign="bottom" width="1%" align="left"> </td> <td valign="bottom" width="9%" align="right">-</td> <td valign="bottom" width="1%" nowrap="nowrap" align="left"> </td></tr> <tr bgcolor="#ccffcc"><td style="padding-bottom: 2px;" valign="bottom" width="76%" align="left"> <div style="text-indent: 18pt; display: block; margin-left: 0pt; margin-right: 0pt;" align="left">Other</div></td> <td style="padding-bottom: 2px;" valign="bottom" width="1%" align="right"> </td> <td style="border-bottom: black 2px solid;" valign="bottom" width="1%" align="left"> </td> <td style="border-bottom: black 2px solid;" valign="bottom" width="9%" align="right">-</td> <td style="padding-bottom: 2px;" valign="bottom" width="1%" nowrap="nowrap" align="left"> </td> <td style="padding-bottom: 2px;" valign="bottom" width="1%"> </td> <td style="border-bottom: black 2px solid;" valign="bottom" width="1%" align="left"> </td> <td style="border-bottom: black 2px solid;" valign="bottom" width="9%" align="right"> </td> <td style="padding-bottom: 2px;" valign="bottom" width="1%" nowrap="nowrap" align="left"> </td></tr> <tr bgcolor="white"><td style="padding-bottom: 2px;" valign="bottom" width="76%" align="left"> <div style="text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 0pt;" align="left">Balance September 30, 2010</div></td> <td style="padding-bottom: 2px;" valign="bottom" width="1%" align="right"> </td> <td style="border-bottom: black 2px solid;" valign="bottom" width="1%" align="left">$</td> <td style="border-bottom: black 2px solid;" valign="bottom" width="9%" align="right">2,849</td> <td style="padding-bottom: 2px;" valign="bottom" width="1%" nowrap="nowrap" align="left"> </td> <td style="padding-bottom: 2px;" valign="bottom" width="1%" align="right"> </td> <td style="border-bottom: black 2px solid;" valign="bottom" width="1%" align="left">$</td> <td style="border-bottom: black 2px solid;" valign="bottom" width="9%" align="right">(340</td> <td style="padding-bottom: 2px;" valign="bottom" width="1%" nowrap="nowrap" align="left">)</td></tr> <tr bgcolor="#ccffcc"><td valign="bottom" width="76%">  </td> <td valign="bottom" width="1%"> </td> <td valign="bottom" width="1%" align="left"> </td> <td valign="bottom" width="9%" align="right"> </td> <td valign="bottom" width="1%" nowrap="nowrap" align="left"> </td> <td valign="bottom" width="1%"> </td> <td valign="bottom" width="1%" align="left"> </td> <td valign="bottom" width="9%" align="right"> </td> <td valign="bottom" width="1%" nowrap="nowrap" align="left"> </td></tr> <tr bgcolor="white"><td valign="bottom" width="76%" align="left"> <div style="text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 0pt;" align="left">Balance, at June 30, 2009</div></td> <td valign="bottom" width="1%" align="right"> </td> <td valign="bottom" width="1%" align="left">$</td> <td valign="bottom" width="9%" align="right">2,798</td> <td valign="bottom" width="1%" nowrap="nowrap" align="left"> </td> <td valign="bottom" width="1%" align="right"> </td> <td valign="bottom" width="1%" align="left">$</td> <td valign="bottom" width="9%" align="right">0</td> <td valign="bottom" width="1%" nowrap="nowrap" align="left"> </td></tr> <tr bgcolor="#ccffcc"><td valign="bottom" width="76%" align="left"> <div style="text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 0pt;" align="left">Total gains/(losses)</div></td> <td valign="bottom" width="1%"> </td> <td valign="bottom" width="1%" align="left"> </td> <td valign="bottom" width="9%" align="right"> </td> <td valign="bottom" width="1%" nowrap="nowrap" align="left"> </td> <td valign="bottom" width="1%"> </td> <td valign="bottom" width="1%" align="left"> </td> <td valign="bottom" width="9%" align="right"> </td> <td valign="bottom" width="1%" nowrap="nowrap" align="left"> </td></tr> <tr bgcolor="white"><td valign="bottom" width="76%" align="left"> <div style="text-indent: 18pt; display: block; margin-left: 0pt; margin-right: 0pt;" align="left">Included in earnings</div></td> <td valign="bottom" width="1%" align="right"> </td> <td valign="bottom" width="1%" align="left"> </td> <td valign="bottom" width="9%" align="right">-</td> <td valign="bottom" width="1%" nowrap="nowrap" align="left"> </td> <td valign="bottom" width="1%" align="right"> </td> <td valign="bottom" width="1%" align="left"> </td> <td valign="bottom" width="9%" align="right">-</td> <td valign="bottom" width="1%" nowrap="nowrap" align="left"> </td></tr> <tr bgcolor="#ccffcc"><td style="padding-bottom: 2px;" valign="bottom" width="76%" align="left"> <div style="text-indent: 18pt; display: block; margin-left: 0pt; margin-right: 0pt;" align="left">Included in other comprehensive income</div></td> <td style="padding-bottom: 2px;" valign="bottom" width="1%" align="right"> </td> <td style="border-bottom: black 2px solid;" valign="bottom" width="1%" align="left"> </td> <td style="border-bottom: black 2px solid;" valign="bottom" width="9%" align="right">414</td> <td style="padding-bottom: 2px;" valign="bottom" width="1%" nowrap="nowrap" align="left"> </td> <td style="padding-bottom: 2px;" valign="bottom" width="1%" align="right"> </td> <td style="border-bottom: black 2px solid;" valign="bottom" width="1%" align="left"> </td> <td style="border-bottom: black 2px solid;" valign="bottom" width="9%" align="right">-</td> <td style="padding-bottom: 2px;" valign="bottom" width="1%" nowrap="nowrap" align="left"> </td></tr> <tr bgcolor="white"><td style="padding-bottom: 4px;" valign="bottom" width="76%" align="left"> <div style="text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 0pt;" align="left">Balance September 30, 2009</div></td> <td style="padding-bottom: 4px;" valign="bottom" width="1%" align="right"> </td> <td style="border-bottom: black 3px double;" valign="bottom" width="1%" align="left">$</td> <td style="border-bottom: black 3px double;" valign="bottom" width="9%" align="right">3,212</td> <td style="padding-bottom: 4px;" valign="bottom" width="1%" nowrap="nowrap" align="left"> </td> <td style="padding-bottom: 4px;" valign="bottom" width="1%" align="right"> </td> <td style="border-bottom: black 3px double;" valign="bottom" width="1%" align="left">$</td> <td style="border-bottom: black 3px double;" valign="bottom" width="9%" align="right">0</td> <td style="padding-bottom: 4px;" valign="bottom" width="1%" nowrap="nowrap" align="left"> </td></tr></table></div></div></div></div></div></div></div></div> <div style="text-indent: 0pt; display: block;"> </div> <div style="text-indent: 0pt; display: block;">  </div> <div> <div align="left"> <div align="center"> <div align="center"> <div align="center"> <table cellspacing="0" cellpadding="0" width="85%"> <tr><td style="border-bottom: black 2px solid;" valign="bottom" width="99%" colspan="8" nowrap="nowrap"> <div style="text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 0pt;" align="center">Level 3 Fair Value Measurements</div> <div style="text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 0pt;" align="center">Nine months ended September 30, 2010 and 2009</div></td> <td style="padding-bottom: 2px;" valign="bottom" width="1%" nowrap="nowrap" align="left"> </td></tr> <tr><td style="border-bottom: black 2px solid;" valign="bottom" width="76%" align="left"> <div style="text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 0pt;" align="left">(in thousands)</div></td> <td style="padding-bottom: 2px;" valign="bottom" width="1%"> </td> <td style="border-bottom: black 2px solid;" valign="bottom" width="10%" colspan="2" nowrap="nowrap"> <div style="text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 0pt;" align="center">Obligations of states and political subdivisions</div></td> <td style="padding-bottom: 2px;" valign="bottom" width="1%" nowrap="nowrap" align="left"> </td> <td style="padding-bottom: 2px;" valign="bottom" width="1%"> </td> <td style="border-bottom: black 2px solid;" valign="bottom" width="10%" colspan="2" nowrap="nowrap"> <div style="text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 0pt;" align="center">Fair value swap</div></td> <td style="padding-bottom: 2px;" valign="bottom" width="1%" nowrap="nowrap" align="left"> </td></tr> <tr bgcolor="#ccffcc"><td valign="bottom" width="76%" align="left"> <div style="text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 0pt;" align="left">Balance, at January 1, 2010</div></td> <td valign="bottom" width="1%" align="right"> </td> <td valign="bottom" width="1%" align="left">$</td> <td valign="bottom" width="9%" align="right">2,751</td> <td valign="bottom" width="1%" nowrap="nowrap" align="left"> </td> <td valign="bottom" width="1%" align="right"> </td> <td valign="bottom" width="1%" align="left">$</td> <td valign="bottom" width="9%" align="right">(500</td> <td valign="bottom" width="1%" nowrap="nowrap" align="left">)</td></tr> <tr bgcolor="white"><td valign="bottom" width="76%" align="left"> <div style="text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 0pt;" align="left">Total gains/(losses)</div></td> <td valign="bottom" width="1%"> </td> <td valign="bottom" width="1%" align="left"> </td> <td valign="bottom" width="9%" align="right"> </td> <td valign="bottom" width="1%" nowrap="nowrap" align="left"> </td> <td valign="bottom" width="1%"> </td> <td valign="bottom" width="1%" align="left"> </td> <td valign="bottom" width="9%" align="right"> </td> <td valign="bottom" width="1%" nowrap="nowrap" align="left"> </td></tr> <tr bgcolor="#ccffcc"><td valign="bottom" width="76%" align="left"> <div style="text-indent: 18pt; display: block; margin-left: 0pt; margin-right: 0pt;" align="left">Included in earnings</div></td> <td valign="bottom" width="1%" align="right"> </td> <td valign="bottom" width="1%" align="left"> </td> <td valign="bottom" width="9%" align="right">-</td> <td valign="bottom" width="1%" nowrap="nowrap" align="left"> </td> <td valign="bottom" width="1%" align="right"> </td> <td valign="bottom" width="1%" align="left"> </td> <td valign="bottom" width="9%" align="right">-</td> <td valign="bottom" width="1%" nowrap="nowrap" align="left"> </td></tr> <tr bgcolor="white"><td valign="bottom" width="76%" align="left"> <div style="text-indent: 18pt; display: block; margin-left: 0pt; margin-right: 0pt;" align="left">Included in other comprehensive income</div></td> <td valign="bottom" width="1%" align="right"> </td> <td valign="bottom" width="1%" align="left"> </td> <td valign="bottom" width="9%" align="right">98</td> <td valign="bottom" width="1%" nowrap="nowrap" align="left"> </td> <td valign="bottom" width="1%" align="right"> </td> <td valign="bottom" width="1%" align="left"> </td> <td valign="bottom" width="9%" align="right">-</td> <td valign="bottom" width="1%" nowrap="nowrap" align="left"> </td></tr> <tr bgcolor="#ccffcc"><td style="padding-bottom: 2px;" valign="bottom" width="76%" align="left"> <div style="text-indent: 18pt; display: block; margin-left: 0pt; margin-right: 0pt;" align="left">Other</div></td> <td style="padding-bottom: 2px;" valign="bottom" width="1%" align="right"> </td> <td style="border-bottom: black 2px solid;" valign="bottom" width="1%" align="left"> </td> <td style="border-bottom: black 2px solid;" valign="bottom" width="9%" align="right">-</td> <td style="padding-bottom: 2px;" valign="bottom" width="1%" nowrap="nowrap" align="left"> </td> <td style="padding-bottom: 2px;" valign="bottom" width="1%" align="right"> </td> <td style="border-bottom: black 2px solid;" valign="bottom" width="1%" align="left"> </td> <td style="border-bottom: black 2px solid;" valign="bottom" width="9%" align="right">160</td> <td style="padding-bottom: 2px;" valign="bottom" width="1%" nowrap="nowrap" align="left"> </td></tr> <tr bgcolor="white"><td style="padding-bottom: 4px;" valign="bottom" width="76%" align="left"> <div style="text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 0pt;" align="left">Balance September 30, 2010</div></td> <td style="padding-bottom: 4px;" valign="bottom" width="1%" align="right"> </td> <td style="border-bottom: black 3px double;" valign="bottom" width="1%" align="left">$</td> <td style="border-bottom: black 3px double;" valign="bottom" width="9%" align="right">2,849</td> <td style="padding-bottom: 4px;" valign="bottom" width="1%" nowrap="nowrap" align="left"> </td> <td style="padding-bottom: 4px;" valign="bottom" width="1%" align="right"> </td> <td style="border-bottom: black 3px double;" valign="bottom" width="1%" align="left">$</td> <td style="border-bottom: black 3px double;" valign="bottom" width="9%" align="right">(340</td> <td style="padding-bottom: 4px;" valign="bottom" width="1%" nowrap="nowrap" align="left">)</td></tr> <tr bgcolor="#ccffcc"><td valign="bottom" width="76%">  </td> <td valign="bottom" width="1%"> </td> <td valign="bottom" width="1%" align="left"> </td> <td valign="bottom" width="9%" align="right"> </td> <td valign="bottom" width="1%" nowrap="nowrap" align="left"> </td> <td valign="bottom" width="1%"> </td> <td valign="bottom" width="1%" align="left"> </td> <td valign="bottom" width="9%" align="right"> </td> <td valign="bottom" width="1%" nowrap="nowrap" align="left"> </td></tr> <tr bgcolor="white"><td valign="bottom" width="76%" align="left"> <div style="text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 0pt;" align="left">Balance, at January 1, 2009</div></td> <td valign="bottom" width="1%" align="right"> </td> <td valign="bottom" width="1%" align="left">$</td> <td valign="bottom" width="9%" align="right">2,705</td> <td valign="bottom" width="1%" nowrap="nowrap" align="left"> </td> <td valign="bottom" width="1%" align="right"> </td> <td valign="bottom" width="1%" align="left">$</td> <td valign="bottom" width="9%" align="right">0</td> <td valign="bottom" width="1%" nowrap="nowrap" align="left"> </td></tr> <tr bgcolor="#ccffcc"><td valign="bottom" width="76%" align="left"> <div style="text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 0pt;" align="left">Total gains/(losses)</div></td> <td valign="bottom" width="1%"> </td> <td valign="bottom" width="1%" align="left"> </td> <td valign="bottom" width="9%" align="right"> </td> <td valign="bottom" width="1%" nowrap="nowrap" align="left"> </td> <td valign="bottom" width="1%"> </td> <td valign="bottom" width="1%" align="left"> </td> <td valign="bottom" width="9%" align="right"> </td> <td valign="bottom" width="1%" nowrap="nowrap" align="left"> </td></tr> <tr bgcolor="white"><td valign="bottom" width="76%" align="left"> <div style="text-indent: 18pt; display: block; margin-left: 0pt; margin-right: 0pt;" align="left">Included in earnings</div></td> <td valign="bottom" width="1%" align="right"> </td> <td valign="bottom" width="1%" align="left"> </td> <td valign="bottom" width="9%" align="right">-</td> <td valign="bottom" width="1%" nowrap="nowrap" align="left"> </td> <td valign="bottom" width="1%" align="right"> </td> <td valign="bottom" width="1%" align="left"> </td> <td valign="bottom" width="9%" align="right">-</td> <td valign="bottom" width="1%" nowrap="nowrap" align="left"> </td></tr> <tr bgcolor="#ccffcc"><td style="padding-bottom: 2px;" valign="bottom" width="76%" align="left"> <div style="text-indent: 18pt; display: block; margin-left: 0pt; margin-right: 0pt;" align="left">Included in other comprehensive income</div></td> <td style="padding-bottom: 2px;" valign="bottom" width="1%" align="right"> </td> <td style="border-bottom: black 2px solid;" valign="bottom" width="1%" align="left"> </td> <td style="border-bottom: black 2px solid;" valign="bottom" width="9%" align="right">507</td> <td style="padding-bottom: 2px;" valign="bottom" width="1%" nowrap="nowrap" align="left"> </td> <td style="padding-bottom: 2px;" valign="bottom" width="1%" align="right"> </td> <td style="border-bottom: black 2px solid;" valign="bottom" width="1%" align="left"> </td> <td style="border-bottom: black 2px solid;" valign="bottom" width="9%" align="right">-</td> <td style="padding-bottom: 2px;" valign="bottom" width="1%" nowrap="nowrap" align="left"> </td></tr> <tr bgcolor="white"><td style="padding-bottom: 4px;" valign="bottom" width="76%" align="left"> <div style="text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 0pt;" align="left">Balance September 30, 2009</div></td> <td style="padding-bottom: 4px;" valign="bottom" width="1%" align="right"> </td> <td style="border-bottom: black 3px double;" valign="bottom" width="1%" align="left">$</td> <td style="border-bottom: black 3px double;" valign="bottom" width="9%" align="right">3,212</td> <td style="padding-bottom: 4px;" valign="bottom" width="1%" nowrap="nowrap" align="left"> </td> <td style="padding-bottom: 4px;" valign="bottom" width="1%" align="right"> </td> <td style="border-bottom: black 3px double;" valign="bottom" width="1%" align="left">$</td> <td style="border-bottom: black 3px double;" valign="bottom" width="9%" align="right">0</td> <td style="padding-bottom: 4px;" valign="bottom" width="1%" nowrap="nowrap" align="left"> </td></tr></table></div></div></div></div></div> <div style="text-indent: 0pt; display: block;"> </div> <div style="text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 0pt;" align="left">Assets and liabilities measured at fair value on a nonrecurring basis:</div> <div style="text-indent: 0pt; display: block;"> </div> <div style="text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 0pt;" align="left">The following table presents assets and liabilities measured at fair value on a nonrecurring basis:</div> <div style="text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 0pt;" align="left"> <div> <div style="text-indent: 0pt; display: block;"> </div> <div> <div align="left"> <div align="center"> <table cellspacing="0" cellpadding="0" width="100%"> <tr><td style="border-bottom: black 2px solid;" valign="bottom" colspan="16" nowrap="nowrap"> <div style="text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 0pt;" align="center">Fair Value Measurements at September 30, 2010 using:</div></td> <td style="padding-bottom: 2px;" valign="bottom" nowrap="nowrap" align="left"> </td></tr> <tr><td style="border-bottom: black 2px solid;" valign="bottom" align="left"> <div style="text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 0pt;" align="left">(in thousands)</div></td> <td style="padding-bottom: 2px;" valign="bottom"> </td> <td style="border-bottom: black 2px solid;" valign="bottom" colspan="2" nowrap="nowrap"> <div style="text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 0pt;" align="center">(Level 1)</div></td> <td style="padding-bottom: 2px;" valign="bottom" nowrap="nowrap" align="left"> </td> <td style="padding-bottom: 2px;" valign="bottom"> </td> <td style="border-bottom: black 2px solid;" valign="bottom" colspan="2" nowrap="nowrap"> <div style="text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 0pt;" align="center">(Level 2)</div></td> <td style="padding-bottom: 2px;" valign="bottom" nowrap="nowrap" align="left"> </td> <td style="padding-bottom: 2px;" valign="bottom"> </td> <td style="border-bottom: black 2px solid;" valign="bottom" colspan="2" nowrap="nowrap"> <div style="text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 0pt;" align="center">(Level 3)</div></td> <td style="padding-bottom: 2px;" valign="bottom" nowrap="nowrap" align="left"> </td> <td style="padding-bottom: 2px;" valign="bottom"> </td> <td style="border-bottom: black 2px solid;" valign="bottom" colspan="2" nowrap="nowrap"> <div style="text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 0pt;" align="center">Balance at</div> <div style="text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 0pt;" align="center">September 30, 2010</div></td> <td style="padding-bottom: 2px;" valign="bottom" nowrap="nowrap" align="left"> </td></tr> <tr bgcolor="#ccffcc"><td valign="bottom" width="52%" align="left"> <div style="text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 0pt;" align="left">Impaired loans</div></td> <td valign="bottom" width="1%" align="right"> </td> <td valign="bottom" width="1%" align="left">$</td> <td valign="bottom" width="9%" align="right">-</td> <td valign="bottom" width="1%" nowrap="nowrap" align="left"> </td> <td valign="bottom" width="1%" align="right"> </td> <td valign="bottom" width="1%" align="left">$</td> <td valign="bottom" width="9%" align="right">-</td> <td valign="bottom" width="1%" nowrap="nowrap" align="left"> </td> <td valign="bottom" width="1%" align="right"> </td> <td valign="bottom" width="1%" align="left">$</td> <td valign="bottom" width="9%" align="right">101,708</td> <td valign="bottom" width="1%" nowrap="nowrap" align="left"> </td> <td valign="bottom" width="1%" align="right"> </td> <td valign="bottom" width="1%" align="left">$</td> <td valign="bottom" width="9%" align="right">101,708</td> <td valign="bottom" width="1%" nowrap="nowrap" align="left"> </td></tr> <tr bgcolor="white"><td valign="bottom" width="52%" align="left"> <div style="text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 0pt;" align="left">Mortgage servicing rights</div></td> <td valign="bottom" width="1%" align="right"> </td> <td valign="bottom" width="1%" align="left"> </td> <td valign="bottom" width="9%" align="right">-</td> <td valign="bottom" width="1%" nowrap="nowrap" align="left"> </td> <td valign="bottom" width="1%" align="right"> </td> <td valign="bottom" width="1%" align="left"> </td> <td valign="bottom" width="9%" align="right">5,506</td> <td valign="bottom" width="1%" nowrap="nowrap" align="left"> </td> <td valign="bottom" width="1%" align="right"> </td> <td valign="bottom" width="1%" align="left"> </td> <td valign="bottom" width="9%" align="right">-</td> <td valign="bottom" width="1%" nowrap="nowrap" align="left"> </td> <td valign="bottom" width="1%" align="right"> </td> <td valign="bottom" width="1%" align="left"> </td> <td valign="bottom" width="9%" align="right">5,506</td> <td valign="bottom" width="1%" nowrap="nowrap" align="left"> </td></tr> <tr bgcolor="#ccffcc"><td valign="bottom" width="52%" align="left"> <div style="text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 0pt;" align="left">Other real estate owned</div></td> <td valign="bottom" width="1%" align="right"> </td> <td valign="bottom" width="1%" align="left"> </td> <td valign="bottom" width="9%" align="right">-</td> <td valign="bottom" width="1%" nowrap="nowrap" align="left"> </td> <td valign="bottom" width="1%" align="right"> </td> <td valign="bottom" width="1%" align="left"> </td> <td valign="bottom" width="9%" align="right">-</td> <td valign="bottom" width="1%" nowrap="nowrap" align="left"> </td> <td valign="bottom" width="1%" align="right"> </td> <td valign="bottom" width="1%" align="left"> </td> <td valign="bottom" width="9%" align="right">52,837</td> <td valign="bottom" width="1%" nowrap="nowrap" align="left"> </td> <td valign="bottom" width="1%" align="right"> </td> <td valign="bottom" width="1%" align="left"> </td> <td valign="bottom" width="9%" align="right">52,837</td> <td valign="bottom" width="1%" nowrap="nowrap" align="left"> </td></tr></table></div></div></div> <div style="text-indent: 0pt; display: block;"> </div> <div> <div align="left"> <div align="center"> <table cellspacing="0" cellpadding="0" width="100%"> <tr><td style="border-bottom: black 2px solid;" valign="bottom" colspan="16" nowrap="nowrap"> <div style="text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 0pt;" align="center">Fair Value Measurements at December 31, 2009 using:</div></td> <td style="padding-bottom: 2px;" valign="bottom" nowrap="nowrap" align="left"> </td></tr> <tr><td style="border-bottom: black 2px solid;" valign="bottom" align="left"> <div style="text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 0pt;" align="left">(in thousands)</div></td> <td style="padding-bottom: 2px;" valign="bottom"> </td> <td style="border-bottom: black 2px solid;" valign="bottom" colspan="2" nowrap="nowrap"> <div style="text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 0pt;" align="center">(Level 1)</div></td> <td style="padding-bottom: 2px;" valign="bottom" nowrap="nowrap" align="left"> </td> <td style="padding-bottom: 2px;" valign="bottom"> </td> <td style="border-bottom: black 2px solid;" valign="bottom" colspan="2" nowrap="nowrap"> <div style="text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 0pt;" align="center">(Level 2)</div></td> <td style="padding-bottom: 2px;" valign="bottom" nowrap="nowrap" align="left"> </td> <td style="padding-bottom: 2px;" valign="bottom"> </td> <td style="border-bottom: black 2px solid;" valign="bottom" colspan="2" nowrap="nowrap"> <div style="text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 0pt;" align="center">(Level 3)</div></td> <td style="padding-bottom: 2px;" valign="bottom" nowrap="nowrap" align="left"> </td> <td style="padding-bottom: 2px;" valign="bottom"> </td> <td style="border-bottom: black 2px solid;" valign="bottom" colspan="2" nowrap="nowrap"> <div style="text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 0pt;" align="center">Balance at</div> <div style="text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 0pt;" align="center">December 31, 2009</div></td> <td style="padding-bottom: 2px;" valign="bottom" nowrap="nowrap" align="left"> </td></tr> <tr bgcolor="#ccffcc"><td valign="bottom" width="52%" align="left"> <div style="text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 0pt;" align="left">Impaired loans</div></td> <td valign="bottom" width="1%" align="right"> </td> <td valign="bottom" width="1%" align="left">$</td> <td valign="bottom" width="9%" align="right">-</td> <td valign="bottom" width="1%" nowrap="nowrap" align="left"> </td> <td valign="bottom" width="1%" align="right"> </td> <td valign="bottom" width="1%" align="left">$</td> <td valign="bottom" width="9%" align="right">-</td> <td valign="bottom" width="1%" nowrap="nowrap" align="left"> </td> <td valign="bottom" width="1%" align="right"> </td> <td valign="bottom" width="1%" align="left">$</td> <td valign="bottom" width="9%" align="right">109,818</td> <td valign="bottom" width="1%" nowrap="nowrap" align="left"> </td> <td valign="bottom" width="1%" align="right"> </td> <td valign="bottom" width="1%" align="left">$</td> <td valign="bottom" width="9%" align="right">109,818</td> <td valign="bottom" width="1%" nowrap="nowrap" align="left"> </td></tr> <tr bgcolor="white"><td valign="bottom" width="52%" align="left"> <div style="text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 0pt;" align="left">Mortgage servicing rights</div></td> <td valign="bottom" width="1%" align="right"> </td> <td valign="bottom" width="1%" align="left"> </td> <td valign="bottom" width="9%" align="right">-</td> <td valign="bottom" width="1%" nowrap="nowrap" align="left"> </td> <td valign="bottom" width="1%" align="right"> </td> <td valign="bottom" width="1%" align="left"> </td> <td valign="bottom" width="9%" align="right">10,780</td> <td valign="bottom" width="1%" nowrap="nowrap" align="left"> </td> <td valign="bottom" width="1%" align="right"> </td> <td valign="bottom" width="1%" align="left"> </td> <td valign="bottom" width="9%" align="right">-</td> <td valign="bottom" width="1%" nowrap="nowrap" align="left"> </td> <td valign="bottom" width="1%" align="right"> </td> <td valign="bottom" width="1%" align="left"> </td> <td valign="bottom" width="9%" align="right">10,780</td> <td valign="bottom" width="1%" nowrap="nowrap" align="left"> </td></tr> <tr bgcolor="#ccffcc"><td valign="bottom" width="52%" align="left"> <div style="text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 0pt;" align="left">Other real estate owned</div></td> <td valign="bottom" width="1%" align="right"> </td> <td valign="bottom" width="1%" align="left"> </td> <td valign="bottom" width="9%" align="right">-</td> <td valign="bottom" width="1%" nowrap="nowrap" align="left"> </td> <td valign="bottom" width="1%" align="right"> </td> <td valign="bottom" width="1%" align="left"> </td> <td valign="bottom" width="9%" align="right">-</td> <td valign="bottom" width="1%" nowrap="nowrap" align="left"> </td> <td valign="bottom" width="1%" align="right"> </td> <td valign="bottom" width="1%" align="left"> </td> <td valign="bottom" width="9%" align="right">41,240</td> <td valign="bottom" width="1%" nowrap="nowrap" align="left"> </td> <td valign="bottom" width="1%" align="right"> </td> <td valign="bottom" width="1%" align="left"> </td> <td valign="bottom" width="9%" align="right">41,240</td> <td valign="bottom" width="1%" nowrap="nowrap" align="left"> </td></tr></table></div></div></div></div></div> <div style="text-indent: 0pt; display: block;"> </div> <div style="text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 0pt;" align="left">Impaired loans, which are usually measured for impairment using the fair value of the underlying collateral or present value of expected future cash flows, had a book value of $206.2 million at September 30, 2010, after partial charge-offs of $48.2 million.  In addition, these loans have a specific valuation allowance of $35.3 million. Of the $206.2 million impaired loan portfolio, $137.0 million were carried at their fair value of $101.7 million, as a result of the aforementioned charge-offs and specific valuation allowance.  The remaining $69.2 million of impaired loans are carried at cost, as the fair value of the underlying collateral or present value of expected future cash flows on these loans exceeds the book value for each individual credit.  At December 31, 2009, impaired loans had a book value of $201.1 million. Of these, $109.8 million were carried at fair value, as a result of partial charge-offs of $43.4 million and a specific valuation allowance of $36.7 million.</div> <div style="text-indent: 0pt; display: block;">  </div> <div style="text-indent: 0pt; display: block;">MSRs, which are carried at the lower of cost or fair value, were recorded at $10.6 million at September 30, 2010. Of the $10.6 million MSR carrying balance at September 30, 2010, $5.5 million was recorded at fair value and included a valuation allowance of $848,000.  The remaining $5.1 million was recorded at cost, as the fair value exceeds cost at September 30, 2010.  MSRs do not trade in active, open markets with readily observable prices.  For example, sales of MSRs do occur, but precise terms and conditions typically are not readily available.  As such, management, with the assistance of a third party specialist, determined fair value based on the discounted value of the future cash flows estimated to be received.  Significant inputs include the discount rate and assumed prepayment speeds utilized.  The calculated fair value was then compared to market values where possible to ascertain the reasonableness of the valuation in relation to current market expectations for similar products. Accordingly, MSRs are classified Level 2.  At December 31, 2009, MSRs were recorded at $10.8 million, including a valuation allowance of $574,000.</div> <div style="text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 0pt;" align="left">  </div> <div style="text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 0pt;" align="left">Other real estate owned (OREO) is recorded at fair value based on property appraisals, less estimated selling costs, at the date of transfer. The carrying value of OREO is not re-measured to fair value on a recurring basis, but is subject to fair value adjustments when the carrying value exceeds the fair value, less estimated selling costs.  At September 30, 2010 and December 31, 2009, the estimated fair value of OREO, less estimated selling costs amounted to $52.8 million and $41.2 million, respectively.  The financial impact of OREO devaluation adjustments for the three and nine month periods ended September 30, 2010 was $1.6 million and $4.7 million, respectively.</div> <div style="text-indent: 0pt; display: block;"> </div> <div style="text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 0pt;" align="left">The following methods and assumptions were used by the Corporation in estimating its fair value disclosures for assets and liabilities not discussed above:</div> <div style="text-indent: 0pt; display: block;"> </div> <div style="text-indent: 0pt; display: block; margin-left: 27pt; margin-right: 0pt;" align="left">Cash and cash equivalents: The carrying amounts reported in the consolidated condensed balance sheet for cash and short-term instruments approximate those assets' fair values.</div> <div style="text-indent: 0pt; display: block;"> </div> <div style="text-indent: 0pt; display: block; margin-left: 27pt; margin-right: 0pt;" align="left">Interest bearing deposits with other banks: The carrying amounts reported in the consolidated condensed balance sheet for interest bearing deposits with other banks approximate those assets' fair values.</div> <div style="text-indent: 0pt; display: block;"> </div> <div style="text-indent: 0pt; display: block; margin-left: 27pt; margin-right: 0pt;" align="left">Loans receivable: For variable-rate loans that reprice frequently and with no significant change in credit risk, fair values are based on carrying values. The fair values for certain mortgage loans (e.g., one-to-four family residential) are based on quoted market prices of similar loans sold in conjunction with securitization transactions, adjusted for differences in loan characteristics. The fair values for other loans are estimated using discounted cash flow analyses, using interest rates currently being offered for loans with similar terms to borrowers of similar credit quality.</div> <div style="text-indent: 0pt; display: block;"> </div> <div style="text-indent: 0pt; display: block; margin-left: 27pt; margin-right: 0pt;" align="left">Off-balance sheet instruments: Fair values for the Corporation's loan commitments and standby letters of credit are based on the fees currently charged to enter into similar agreements, taking into account the remaining terms of the agreements and the counterparties' credit standing. The carrying amount and fair value are not material.</div> <div style="text-indent: 0pt; display: block;"> </div> <div style="text-indent: 0pt; display: block; margin-left: 27pt; margin-right: 0pt;" align="left">Deposit liabilities: The fair values disclosed for demand deposits (e.g., interest and non-interest checking, savings, and money market accounts) are, by definition, equal to the amount payable on demand at the reporting date (i.e., their carrying amounts). The carrying amounts for variable-rate, fixed-term certificates of deposit approximate their fair values at the reporting date. Fair values for fixed rate certificates of deposit are estimated using a discounted cash flow calculation that applies interest rates currently being offered on certificates to a schedule of aggregated expected monthly maturities of time deposits.</div> <div style="text-indent: 0pt; display: block;"> </div> <div style="text-indent: 0pt; display: block; margin-left: 27pt; margin-right: 0pt;" align="left">Short-term borrowings: The carrying amounts of federal funds purchased, borrowings under repurchase agreements and other short-term borrowings approximate their fair values.</div> <div style="text-indent: 0pt; display: block;"> </div> <div style="text-indent: 0pt; display: block; margin-left: 27pt; margin-right: 0pt;" align="left">Long-term debt: Fair values for long-term debt are estimated using a discounted cash flow calculation that applies interest rates currently being offered on long-term debt to a schedule of monthly maturities.</div> <div style="text-indent: 0pt; display: block;"> </div> <div style="text-indent: 0pt; display: block; margin-left: 27pt; margin-right: 0pt;" align="left">Subordinated debentures and notes: Fair values for subordinated debentures and notes are estimated using a discounted cash flow calculation that applies interest rate spreads currently being offered on similar debt structures to a schedule of monthly maturities.</div> <div style="text-indent: 0pt; display: block;"> </div> <div style="text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 0pt;" align="left">The fair value of financial instruments at September 30, 2010 and December 31, 2009, is as follows:</div> <div style="text-indent: 0pt; display: block;"> </div> <div> <div align="left"> <div align="left"> <div align="left"> <div align="left"> <div align="left"> <div align="left"> <div align="left"> <div align="left"> <div align="left"> <div align="left"> <div align="left"> <div align="left"> <div align="left"> <table cellspacing="0" cellpadding="0" width="100%"> <tr><td style="border-bottom: black 2px solid;" valign="bottom" align="left"> <div style="text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 0pt;" align="left">(in thousands)</div></td> <td style="padding-bottom: 2px;" valign="bottom"> </td> <td style="border-bottom: black 2px solid;" valign="bottom" colspan="6" nowrap="nowrap"> <div style="text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 0pt;" align="center">September 30, 2010</div></td> <td style="padding-bottom: 2px;" valign="bottom" nowrap="nowrap" align="left"> </td> <td style="padding-bottom: 2px;" valign="bottom"> </td> <td style="border-bottom: black 2px solid;" valign="bottom" colspan="6" nowrap="nowrap"> <div style="text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 0pt;" align="center">December 31, 2009</div></td> <td style="padding-bottom: 2px;" valign="bottom" nowrap="nowrap" align="left"> </td></tr> <tr bgcolor="white"><td style="padding-bottom: 2px;" valign="bottom" align="left">  </td> <td style="padding-bottom: 2px;" valign="bottom" align="right"> </td> <td style="border-bottom: black 2px solid;" valign="bottom" colspan="2" nowrap="nowrap" align="right"> <div style="text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 0pt;" align="right">Carrying value</div></td> <td style="padding-bottom: 2px;" valign="bottom" nowrap="nowrap" align="left"> </td> <td style="padding-bottom: 2px;" valign="bottom" align="right"> </td> <td style="border-bottom: black 2px solid;" valign="bottom" colspan="2" nowrap="nowrap" align="right"> <div style="text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 0pt;" align="right">Fair value</div></td> <td style="padding-bottom: 2px;" valign="bottom" nowrap="nowrap" align="left"> </td> <td style="padding-bottom: 2px;" valign="bottom" align="right"> </td> <td style="border-bottom: black 2px solid;" valign="bottom" colspan="2" nowrap="nowrap" align="right"> <div style="text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 0pt;" align="right">Carrying value</div></td> <td style="padding-bottom: 2px;" valign="bottom" nowrap="nowrap" align="left"> </td> <td style="padding-bottom: 2px;" valign="bottom" align="right"> </td> <td style="border-bottom: black 2px solid;" valign="bottom" colspan="2" nowrap="nowrap" align="right"> <div style="text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 0pt;" align="right">Fair value</div></td> <td style="padding-bottom: 2px;" valign="bottom" nowrap="nowrap" align="left"> </td></tr> <tr bgcolor="#ccffcc"><td valign="bottom" align="left"> <div style="text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 0pt;" align="left">Financial assets:</div></td> <td valign="bottom" align="right"> </td> <td valign="bottom" colspan="2" nowrap="nowrap" align="right"> </td> <td valign="bottom" nowrap="nowrap" align="left"> </td> <td valign="bottom" align="right"> </td> <td valign="bottom" colspan="2" nowrap="nowrap" align="right"> </td> <td valign="bottom" nowrap="nowrap" align="left"> </td> <td valign="bottom" align="right"> </td> <td valign="bottom" colspan="2" nowrap="nowrap" align="right"> </td> <td valign="bottom" nowrap="nowrap" align="left"> </td> <td valign="bottom" align="right"> </td> <td valign="bottom" colspan="2" nowrap="nowrap" align="right"> </td> <td valign="bottom" nowrap="nowrap" align="left"> </td></tr> <tr bgcolor="white"><td valign="bottom" width="52%" align="left"> <div style="text-indent: 9pt; display: block; margin-left: 0pt; margin-right: 0pt;" align="left">Cash and money market instruments</div></td> <td valign="bottom" width="1%" align="right"> </td> <td valign="bottom" width="1%" align="left">$</td> <td valign="bottom" width="9%" align="right">133,586</td> <td valign="bottom" width="1%" nowrap="nowrap" align="left"> </td> <td valign="bottom" width="1%" align="right"> </td> <td valign="bottom" width="1%" align="left">$</td> <td valign="bottom" width="9%" align="right">133,586</td> <td valign="bottom" width="1%" nowrap="nowrap" align="left"> </td> <td valign="bottom" width="1%" align="right"> </td> <td valign="bottom" width="1%" align="left">$</td> <td valign="bottom" width="9%" align="right">159,091</td> <td valign="bottom" width="1%" nowrap="nowrap" align="left"> </td> <td valign="bottom" width="1%" align="right"> </td> <td valign="bottom" width="1%" align="left">$</td> <td valign="bottom" width="9%" align="right">159,091</td> <td valign="bottom" width="1%" nowrap="nowrap" align="left"> </td></tr> <tr bgcolor="#ccffcc"><td valign="bottom" width="52%" align="left"> <div style="text-indent: 9pt; display: block; margin-left: 0pt; margin-right: 0pt;" align="left">Investment securities</div></td> <td valign="bottom" width="1%" align="right"> </td> <td valign="bottom" width="1%" align="left"> </td> <td valign="bottom" width="9%" align="right">1,828,161</td> <td valign="bottom" width="1%" nowrap="nowrap" align="left"> </td> <td valign="bottom" width="1%" align="right"> </td> <td valign="bottom" width="1%" align="left"> </td> <td valign="bottom" width="9%" align="right">1,849,051</td> <td valign="bottom" width="1%" nowrap="nowrap" align="left"> </td> <td valign="bottom" width="1%" align="right"> </td> <td valign="bottom" width="1%" align="left"> </td> <td valign="bottom" width="9%" align="right">1,794,641</td> <td valign="bottom" width="1%" nowrap="nowrap" align="left"> </td> <td valign="bottom" width="1%" align="right"> </td> <td valign="bottom" width="1%" align="left"> </td> <td valign="bottom" width="9%" align="right">1,811,177</td> <td valign="bottom" width="1%" nowrap="nowrap" align="left"> </td></tr> <tr bgcolor="white"><td valign="bottom" width="52%" align="left"> <div style="text-indent: 9pt; display: block; margin-left: 0pt; margin-right: 0pt;" align="left">Accrued interest receivable</div></td> <td valign="bottom" width="1%" align="right"> </td> <td valign="bottom" width="1%" align="left"> </td> <td valign="bottom" width="9%" align="right">29,242</td> <td valign="bottom" width="1%" nowrap="nowrap" align="left"> </td> <td valign="bottom" width="1%" align="right"> </td> <td valign="bottom" width="1%" align="left"> </td> <td valign="bottom" width="9%" align="right">29,242</td> <td valign="bottom" width="1%" nowrap="nowrap" align="left"> </td> <td valign="bottom" width="1%" align="right"> </td> <td valign="bottom" width="1%" align="left"> </td> <td valign="bottom" width="9%" align="right">24,354</td> <td valign="bottom" width="1%" nowrap="nowrap" align="left"> </td> <td valign="bottom" width="1%" align="right"> </td> <td valign="bottom" width="1%" align="left"> </td> <td valign="bottom" width="9%" align="right">24,354</td> <td valign="bottom" width="1%" nowrap="nowrap" align="left"> </td></tr> <tr bgcolor="#ccffcc"><td valign="bottom" width="52%" align="left"> <div style="text-indent: 9pt; display: block; margin-left: 0pt; margin-right: 0pt;" align="left">Mortgage loans held for sale</div></td> <td valign="bottom" width="1%" align="right"> </td> <td valign="bottom" width="1%" align="left"> </td> <td valign="bottom" width="9%" align="right">9,649</td> <td valign="bottom" width="1%" nowrap="nowrap" align="left"> </td> <td valign="bottom" width="1%" align="right"> </td> <td valign="bottom" width="1%" align="left"> </td> <td valign="bottom" width="9%" align="right">9,649</td> <td valign="bottom" width="1%" nowrap="nowrap" align="left"> </td> <td valign="bottom" width="1%" align="right"> </td> <td valign="bottom" width="1%" align="left"> </td> <td valign="bottom" width="9%" align="right">9,551</td> <td valign="bottom" width="1%" nowrap="nowrap" align="left"> </td> <td valign="bottom" width="1%" align="right"> </td> <td valign="bottom" width="1%" align="left"> </td> <td valign="bottom" width="9%" align="right">9,551</td> <td valign="bottom" width="1%" nowrap="nowrap" align="left"> </td></tr> <tr bgcolor="white"><td valign="bottom" width="52%" align="left"> <div style="text-indent: 9pt; display: block; margin-left: 0pt; margin-right: 0pt;" align="left">Impaired loans carried at fair value</div></td> <td valign="bottom" width="1%" align="right"> </td> <td valign="bottom" width="1%" align="left"> </td> <td valign="bottom" width="9%" align="right">101,708</td> <td valign="bottom" width="1%" nowrap="nowrap" align="left"> </td> <td valign="bottom" width="1%" align="right"> </td> <td valign="bottom" width="1%" align="left"> </td> <td valign="bottom" width="9%" align="right">101,708</td> <td valign="bottom" width="1%" nowrap="nowrap" align="left"> </td> <td valign="bottom" width="1%" align="right"> </td> <td valign="bottom" width="1%" align="left"> </td> <td valign="bottom" width="9%" align="right">109,818</td> <td valign="bottom" width="1%" nowrap="nowrap" align="left"> </td> <td valign="bottom" width="1%" align="right"> </td> <td valign="bottom" width="1%" align="left"> </td> <td valign="bottom" width="9%" align="right">109,818</td> <td valign="bottom" width="1%" nowrap="nowrap" align="left"> </td></tr> <tr bgcolor="#ccffcc"><td style="padding-bottom: 2px;" valign="bottom" width="52%" align="left"> <div style="text-indent: 9pt; display: block; margin-left: 0pt; margin-right: 0pt;" align="left">Other loans</div></td> <td style="padding-bottom: 2px;" valign="bottom" width="1%" align="right"> </td> <td style="border-bottom: black 2px solid;" valign="bottom" width="1%" align="left"> </td> <td style="border-bottom: black 2px solid;" valign="bottom" width="9%" align="right">4,428,140</td> <td style="padding-bottom: 2px;" valign="bottom" width="1%" nowrap="nowrap" align="left"> </td> <td style="padding-bottom: 2px;" valign="bottom" width="1%"> </td> <td style="border-bottom: black 2px solid;" valign="bottom" width="1%" align="left"> </td> <td style="border-bottom: black 2px solid;" valign="bottom" width="9%" align="right">4,437,199</td> <td style="padding-bottom: 2px;" valign="bottom" width="1%" nowrap="nowrap" align="left"> </td> <td style="padding-bottom: 2px;" valign="bottom" width="1%" align="right"> </td> <td style="border-bottom: black 2px solid;" valign="bottom" width="1%" align="left"> </td> <td style="border-bottom: black 2px solid;" valign="bottom" width="9%" align="right">4,404,346</td> <td style="padding-bottom: 2px;" valign="bottom" width="1%" nowrap="nowrap" align="left"> </td> <td style="padding-bottom: 2px;" valign="bottom" width="1%" align="right"> </td> <td style="border-bottom: black 2px solid;" valign="bottom" width="1%" align="left"> </td> <td style="border-bottom: black 2px solid;" valign="bottom" width="9%" align="right">4,411,526</td> <td style="padding-bottom: 2px;" valign="bottom" width="1%" nowrap="nowrap" align="left"> </td></tr> <tr bgcolor="white"><td valign="bottom" width="52%" align="left"> <div style="text-indent: 27pt; display: block; margin-left: 0pt; margin-right: 0pt;" align="left">Loans receivable, net</div></td> <td valign="bottom" width="1%" align="right"> </td> <td valign="bottom" width="1%" align="left">$</td> <td valign="bottom" width="9%" align="right">4,539,497</td> <td valign="bottom" width="1%" nowrap="nowrap" align="left"> </td> <td valign="bottom" width="1%" align="right"> </td> <td valign="bottom" width="1%" align="left">$</td> <td valign="bottom" width="9%" align="right">4,548,556</td> <td valign="bottom" width="1%" nowrap="nowrap" align="left"> </td> <td valign="bottom" width="1%" align="right"> </td> <td valign="bottom" width="1%" align="left">$</td> <td valign="bottom" width="9%" align="right">4,523,715</td> <td valign="bottom" width="1%" nowrap="nowrap" align="left"> </td> <td valign="bottom" width="1%" align="right"> </td> <td valign="bottom" width="1%" align="left">$</td> <td valign="bottom" width="9%" align="right">4,530,895</td> <td valign="bottom" width="1%" nowrap="nowrap" align="left"> </td></tr> <tr bgcolor="#ccffcc"><td valign="bottom" width="52%">  </td> <td valign="bottom" width="1%"> </td> <td valign="bottom" width="1%" align="left"> </td> <td valign="bottom" width="9%" align="right"> </td> <td valign="bottom" width="1%" nowrap="nowrap" align="left"> </td> <td valign="bottom" width="1%"> </td> <td valign="bottom" width="1%" align="left"> </td> <td valign="bottom" width="9%" align="right"> </td> <td valign="bottom" width="1%" nowrap="nowrap" align="left"> </td> <td valign="bottom" width="1%"> </td> <td valign="bottom" width="1%" align="left"> </td> <td valign="bottom" width="9%" align="right"> </td> <td valign="bottom" width="1%" nowrap="nowrap" align="left"> </td> <td valign="bottom" width="1%"> </td> <td valign="bottom" width="1%" align="left"> </td> <td valign="bottom" width="9%" align="right"> </td> <td valign="bottom" width="1%" nowrap="nowrap" align="left"> </td></tr> <tr bgcolor="white"><td valign="bottom" width="52%" align="left"> <div style="text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 0pt;" align="left">Financial liabilities:</div></td> <td valign="bottom" width="1%"> </td> <td valign="bottom" width="1%" align="left"> </td> <td valign="bottom" width="9%" align="right"> </td> <td valign="bottom" width="1%" nowrap="nowrap" align="left"> </td> <td valign="bottom" width="1%"> </td> <td valign="bottom" width="1%" align="left"> </td> <td valign="bottom" width="9%" align="right"> </td> <td valign="bottom" width="1%" nowrap="nowrap" align="left"> </td> <td valign="bottom" width="1%"> </td> <td valign="bottom" width="1%" align="left"> </td> <td valign="bottom" width="9%" align="right"> </td> <td valign="bottom" width="1%" nowrap="nowrap" align="left"> </td> <td valign="bottom" width="1%"> </td> <td valign="bottom" width="1%" align="left"> </td> <td valign="bottom" width="9%" align="right"> </td> <td valign="bottom" width="1%" nowrap="nowrap" align="left"> </td></tr> <tr bgcolor="#ccffcc"><td valign="bottom" width="52%" align="left"> <div style="text-indent: 9pt; display: block; margin-left: 0pt; margin-right: 0pt;" align="left">Noninterest bearing checking accounts</div></td> <td valign="bottom" width="1%" align="right"> </td> <td valign="bottom" width="1%" align="left">$</td> <td valign="bottom" width="9%" align="right">909,619</td> <td valign="bottom" width="1%" nowrap="nowrap" align="left"> </td> <td valign="bottom" width="1%" align="right"> </td> <td valign="bottom" width="1%" align="left">$</td> <td valign="bottom" width="9%" align="right">909,619</td> <td valign="bottom" width="1%" nowrap="nowrap" align="left"> </td> <td valign="bottom" width="1%" align="right"> </td> <td valign="bottom" width="1%" align="left">$</td> <td valign="bottom" width="9%" align="right">897,243</td> <td valign="bottom" width="1%" nowrap="nowrap" align="left"> </td> <td valign="bottom" width="1%" align="right"> </td> <td valign="bottom" width="1%" align="left">$</td> <td valign="bottom" width="9%" align="right">897,243</td> <td valign="bottom" width="1%" nowrap="nowrap" align="left"> </td></tr> <tr bgcolor="white"><td valign="bottom" width="52%" align="left"> <div style="text-indent: 9pt; display: block; margin-left: 0pt; margin-right: 0pt;" align="left">Interest bearing transactions accounts</div></td> <td valign="bottom" width="1%" align="right"> </td> <td valign="bottom" width="1%" align="left"> </td> <td valign="bottom" width="9%" align="right">1,378,046</td> <td valign="bottom" width="1%" nowrap="nowrap" align="left"> </td> <td valign="bottom" width="1%" align="right"> </td> <td valign="bottom" width="1%" align="left"> </td> <td valign="bottom" width="9%" align="right">1,378,046</td> <td valign="bottom" width="1%" nowrap="nowrap" align="left"> </td> <td valign="bottom" width="1%" align="right"> </td> <td valign="bottom" width="1%" align="left"> </td> <td valign="bottom" width="9%" align="right">1,193,845</td> <td valign="bottom" width="1%" nowrap="nowrap" align="left"> </td> <td valign="bottom" width="1%" align="right"> </td> <td valign="bottom" width="1%" align="left"> </td> <td valign="bottom" width="9%" align="right">1,193,845</td> <td valign="bottom" width="1%" nowrap="nowrap" align="left"> </td></tr> <tr bgcolor="#ccffcc"><td valign="bottom" width="52%" align="left"> <div style="text-indent: 9pt; display: block; margin-left: 0pt; margin-right: 0pt;" align="left">Savings accounts</div></td> <td valign="bottom" width="1%" align="right"> </td> <td valign="bottom" width="1%" align="left"> </td> <td valign="bottom" width="9%" align="right">891,139</td> <td valign="bottom" width="1%" nowrap="nowrap" align="left"> </td> <td valign="bottom" width="1%" align="right"> </td> <td valign="bottom" width="1%" align="left"> </td> <td valign="bottom" width="9%" align="right">891,139</td> <td valign="bottom" width="1%" nowrap="nowrap" align="left"> </td> <td valign="bottom" width="1%" align="right"> </td> <td valign="bottom" width="1%" align="left"> </td> <td valign="bottom" width="9%" align="right">873,137</td> <td valign="bottom" width="1%" nowrap="nowrap" align="left"> </td> <td valign="bottom" width="1%" align="right"> </td> <td valign="bottom" width="1%" align="left"> </td> <td valign="bottom" width="9%" align="right">873,137</td> <td valign="bottom" width="1%" nowrap="nowrap" align="left"> </td></tr> <tr bgcolor="white"><td valign="bottom" width="52%" align="left"> <div style="text-indent: 9pt; display: block; margin-left: 0pt; margin-right: 0pt;" align="left">Time deposits</div></td> <td valign="bottom" width="1%" align="right"> </td> <td valign="bottom" width="1%" align="left"> </td> <td valign="bottom" width="9%" align="right">1,915,367</td> <td valign="bottom" width="1%" nowrap="nowrap" align="left"> </td> <td valign="bottom" width="1%"> </td> <td valign="bottom" width="1%" align="left"> </td> <td valign="bottom" width="9%" align="right">1,928,589</td> <td valign="bottom" width="1%" nowrap="nowrap" align="left"> </td> <td valign="bottom" width="1%" align="right"> </td> <td valign="bottom" width="1%" align="left"> </td> <td valign="bottom" width="9%" align="right">2,222,537</td> <td valign="bottom" width="1%" nowrap="nowrap" align="left"> </td> <td valign="bottom" width="1%" align="right"> </td> <td valign="bottom" width="1%" align="left"> </td> <td valign="bottom" width="9%" align="right">2,234,599</td> <td valign="bottom" width="1%" nowrap="nowrap" align="left"> </td></tr> <tr bgcolor="#ccffcc"><td style="padding-bottom: 2px;" valign="bottom" width="52%" align="left"> <div style="text-indent: 9pt; display: block; margin-left: 0pt; margin-right: 0pt;" align="left">Other</div></td> <td style="padding-bottom: 2px;" valign="bottom" width="1%" align="right"> </td> <td style="border-bottom: black 2px solid;" valign="bottom" width="1%" align="left"> </td> <td style="border-bottom: black 2px solid;" valign="bottom" width="9%" align="right">5,859</td> <td style="padding-bottom: 2px;" valign="bottom" width="1%" nowrap="nowrap" align="left"> </td> <td style="padding-bottom: 2px;" valign="bottom" width="1%" align="right"> </td> <td style="border-bottom: black 2px solid;" valign="bottom" width="1%" align="left"> </td> <td style="border-bottom: black 2px solid;" valign="bottom" width="9%" align="right">5,859</td> <td style="padding-bottom: 2px;" valign="bottom" width="1%" nowrap="nowrap" align="left"> </td> <td style="padding-bottom: 2px;" valign="bottom" width="1%" align="right"> </td> <td style="border-bottom: black 2px solid;" valign="bottom" width="1%" align="left"> </td> <td style="border-bottom: black 2px solid;" valign="bottom" width="9%" align="right">1,290</td> <td style="padding-bottom: 2px;" valign="bottom" width="1%" nowrap="nowrap" align="left"> </td> <td style="padding-bottom: 2px;" valign="bottom" width="1%" align="right"> </td> <td style="border-bottom: black 2px solid;" valign="bottom" width="1%" align="left"> </td> <td style="border-bottom: black 2px solid;" valign="bottom" width="9%" align="right">1,290</td> <td style="padding-bottom: 2px;" valign="bottom" width="1%" nowrap="nowrap" align="left"> </td></tr> <tr bgcolor="white"><td valign="bottom" width="52%" align="left"> <div style="text-indent: 27pt; display: block; margin-left: 0pt; margin-right: 0pt;" align="left">Total deposits</div></td> <td valign="bottom" width="1%" align="right"> </td> <td valign="bottom" width="1%" align="left">$</td> <td valign="bottom" width="9%" align="right">5,100,030</td> <td valign="bottom" width="1%" nowrap="nowrap" align="left"> </td> <td valign="bottom" width="1%" align="right"> </td> <td valign="bottom" width="1%" align="left">$</td> <td valign="bottom" width="9%" align="right">5,113,252</td> <td valign="bottom" width="1%" nowrap="nowrap" align="left"> </td> <td valign="bottom" width="1%" align="right"> </td> <td valign="bottom" width="1%" align="left">$</td> <td valign="bottom" width="9%" align="right">5,188,052</td> <td valign="bottom" width="1%" nowrap="nowrap" align="left"> </td> <td valign="bottom" width="1%" align="right"> </td> <td valign="bottom" width="1%" align="left">$</td> <td valign="bottom" width="9%" align="right">5,200,114</td> <td valign="bottom" width="1%" nowrap="nowrap" align="left"> </td></tr> <tr bgcolor="#ccffcc"><td valign="bottom" width="52%">  </td> <td valign="bottom" width="1%"> </td> <td valign="bottom" width="1%" align="left"> </td> <td valign="bottom" width="9%" align="right"> </td> <td valign="bottom" width="1%" nowrap="nowrap" align="left"> </td> <td valign="bottom" width="1%"> </td> <td valign="bottom" width="1%" align="left"> </td> <td valign="bottom" width="9%" align="right"> </td> <td valign="bottom" width="1%" nowrap="nowrap" align="left"> </td> <td valign="bottom" width="1%"> </td> <td valign="bottom" width="1%" align="left"> </td> <td valign="bottom" width="9%" align="right"> </td> <td valign="bottom" width="1%" nowrap="nowrap" align="left"> </td> <td valign="bottom" width="1%"> </td> <td valign="bottom" width="1%" align="left"> </td> <td valign="bottom" width="9%" align="right"> </td> <td valign="bottom" width="1%" nowrap="nowrap" align="left"> </td></tr> <tr bgcolor="white"><td valign="bottom" width="52%" align="left"> <div style="text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 0pt;" align="left">Short-term borrowings</div></td> <td valign="bottom" width="1%" align="right"> </td> <td valign="bottom" width="1%" align="left">$</td> <td valign="bottom" width="9%" align="right">285,657</td> <td valign="bottom" width="1%" nowrap="nowrap" align="left"> </td> <td valign="bottom" width="1%" align="right"> </td> <td valign="bottom" width="1%" align="left">$</td> <td valign="bottom" width="9%" align="right">285,657</td> <td valign="bottom" width="1%" nowrap="nowrap" align="left"> </td> <td valign="bottom" width="1%" align="right"> </td> <td valign="bottom" width="1%" align="left">$</td> <td valign="bottom" width="9%" align="right">324,219</td> <td valign="bottom" width="1%" nowrap="nowrap" align="left"> </td> <td valign="bottom" width="1%" align="right"> </td> <td valign="bottom" width="1%" align="left">$</td> <td valign="bottom" width="9%" align="right">324,219</td> <td valign="bottom" width="1%" nowrap="nowrap" align="left"> </td></tr> <tr bgcolor="#ccffcc"><td valign="bottom" width="52%" align="left"> <div style="text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 0pt;" align="left">Long-term debt</div></td> <td valign="bottom" width="1%" align="right"> </td> <td valign="bottom" width="1%" align="left"> </td> <td valign="bottom" width="9%" align="right">642,717</td> <td valign="bottom" width="1%" nowrap="nowrap" align="left"> </td> <td valign="bottom" width="1%"> </td> <td valign="bottom" width="1%" align="left"> </td> <td valign="bottom" width="9%" align="right">726,644</td> <td valign="bottom" width="1%" nowrap="nowrap" align="left"> </td> <td valign="bottom" width="1%" align="right"> </td> <td valign="bottom" width="1%" align="left"> </td> <td valign="bottom" width="9%" align="right">654,381</td> <td valign="bottom" width="1%" nowrap="nowrap" align="left"> </td> <td valign="bottom" width="1%" align="right"> </td> <td valign="bottom" width="1%" align="left"> </td> <td valign="bottom" width="9%" align="right">703,699</td> <td valign="bottom" width="1%" nowrap="nowrap" align="left"> </td></tr> <tr bgcolor="white"><td valign="bottom" width="52%" align="left"> <div style="text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 0pt;" align="left">Subordinated debentures/notes</div></td> <td valign="bottom" width="1%" align="right"> </td> <td valign="bottom" width="1%" align="left"> </td> <td valign="bottom" width="9%" align="right">75,250</td> <td valign="bottom" width="1%" nowrap="nowrap" align="left"> </td> <td valign="bottom" width="1%"> </td> <td valign="bottom" width="1%" align="left"> </td> <td valign="bottom" width="9%" align="right">64,131</td> <td valign="bottom" width="1%" nowrap="nowrap" align="left"> </td> <td valign="bottom" width="1%" align="right"> </td> <td valign="bottom" width="1%" align="left"> </td> <td valign="bottom" width="9%" align="right">75,250</td> <td valign="bottom" width="1%" nowrap="nowrap" align="left"> </td> <td valign="bottom" width="1%" align="right"> </td> <td valign="bottom" width="1%" align="left"> </td> <td valign="bottom" width="9%" align="right">64,262</td> <td valign="bottom" width="1%" nowrap="nowrap" align="left"> </td></tr> <tr bgcolor="#ccffcc"><td valign="bottom" width="52%" align="left"> <div style="text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 0pt;" align="left">Accrued interest payable</div></td> <td valign="bottom" width="1%" align="right"> </td> <td valign="bottom" width="1%" align="left"> </td> <td valign="bottom" width="9%" align="right">6,842</td> <td valign="bottom" width="1%" nowrap="nowrap" align="left"> </td> <td valign="bottom" width="1%" align="right"> </td> <td valign="bottom" width="1%" align="left"> </td> <td valign="bottom" width="9%" align="right">6,842</td> <td valign="bottom" width="1%" nowrap="nowrap" align="left"> </td> <td valign="bottom" width="1%" align="right"> </td> <td valign="bottom" width="1%" align="left"> </td> <td valign="bottom" width="9%" align="right">9,330</td> <td valign="bottom" width="1%" nowrap="nowrap" align="left"> </td> <td valign="bottom" width="1%" align="right"> </td> <td valign="bottom" width="1%" align="left"> </td> <td valign="bottom" width="9%" align="right">9,330</td> <td valign="bottom" width="1%" nowrap="nowrap" align="left"> </td></tr> <tr bgcolor="white"><td valign="bottom" width="52%">  </td> <td valign="bottom" width="1%"> </td> <td valign="bottom" width="1%" align="left"> </td> <td valign="bottom" width="9%" align="right"> </td> <td valign="bottom" width="1%" nowrap="nowrap" align="left"> </td> <td valign="bottom" width="1%"> </td> <td valign="bottom" width="1%" align="left"> </td> <td valign="bottom" width="9%" align="right"> </td> <td valign="bottom" width="1%" nowrap="nowrap" align="left"> </td> <td valign="bottom" width="1%"> </td> <td valign="bottom" width="1%" align="left"> </td> <td valign="bottom" width="9%" align="right"> </td> <td valign="bottom" width="1%" nowrap="nowrap" align="left"> </td> <td valign="bottom" width="1%"> </td> <td valign="bottom" width="1%" align="left"> </td> <td valign="bottom" width="9%" align="right"> </td> <td valign="bottom" width="1%" nowrap="nowrap" align="left"> </td></tr> <tr bgcolor="#ccffcc"><td valign="bottom" width="52%" align="left"> <div style="text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 0pt;" align="left">Derivative financial instruments:</div></td> <td valign="bottom" width="1%"> </td> <td valign="bottom" width="1%" align="left"> </td> <td valign="bottom" width="9%" align="right"> </td> <td valign="bottom" width="1%" nowrap="nowrap" align="left"> </td> <td valign="bottom" width="1%"> </td> <td valign="bottom" width="1%" align="left"> </td> <td valign="bottom" width="9%" align="right"> </td> <td valign="bottom" width="1%" nowrap="nowrap" align="left"> </td> <td valign="bottom" width="1%"> </td> <td valign="bottom" width="1%" align="left"> </td> <td valign="bottom" width="9%" align="right"> </td> <td valign="bottom" width="1%" nowrap="nowrap" align="left"> </td> <td valign="bottom" width="1%"> </td> <td valign="bottom" width="1%" align="left"> </td> <td valign="bottom" width="9%" align="right"> </td> <td valign="bottom" width="1%" nowrap="nowrap" align="left"> </td></tr> <tr bgcolor="white"><td valign="bottom" width="52%" align="left"> <div style="text-indent: 9pt; display: block; margin-left: 0pt; margin-right: 0pt;" align="left">Interest rate swap</div></td> <td valign="bottom" width="1%" align="right"> </td> <td valign="bottom" width="1%" align="left">$</td> <td valign="bottom" width="9%" align="right">1,909</td> <td valign="bottom" width="1%" nowrap="nowrap" align="left"> </td> <td valign="bottom" width="1%" align="right"> </td> <td valign="bottom" width="1%" align="left">$</td> <td valign="bottom" width="9%" align="right">1,909</td> <td valign="bottom" width="1%" nowrap="nowrap" align="left"> </td> <td valign="bottom" width="1%" align="right"> </td> <td valign="bottom" width="1%" align="left">$</td> <td valign="bottom" width="9%" align="right">1,483</td> <td valign="bottom" width="1%" nowrap="nowrap" align="left"> </td> <td valign="bottom" width="1%" align="right"> </td> <td valign="bottom" width="1%" align="left">$</td> <td valign="bottom" width="9%" align="right">1,483</td> <td valign="bottom" width="1%" nowrap="nowrap" align="left"> </td></tr> <tr bgcolor="#ccffcc"><td valign="bottom" width="52%" align="left"> <div style="text-indent: 9pt; display: block; margin-left: 0pt; margin-right: 0pt;" align="left">Fair value swap</div></td> <td valign="bottom" width="1%" align="right"> </td> <td valign="bottom" width="1%" align="left"> </td> <td valign="bottom" width="9%" align="right">340</td> <td valign="bottom" width="1%" nowrap="nowrap" align="left"> </td> <td valign="bottom" width="1%" align="right"> </td> <td valign="bottom" width="1%" align="left"> </td> <td valign="bottom" width="9%" align="right">340</td> <td valign="bottom" width="1%" nowrap="nowrap" align="left"> </td> <td valign="bottom" width="1%" align="right"> </td> <td valign="bottom" width="1%" align="left"> </td> <td valign="bottom" width="9%" align="right">500</td> <td valign="bottom" width="1%" nowrap="nowrap" align="left"> </td> <td valign="bottom" width="1%" align="right"> </td> <td valign="bottom" width="1%" align="left"> </td> <td valign="bottom" width="9%" align="right">500</td> <td valign="bottom" width="1%" nowrap="nowrap" align="left"> </td></tr></table></div></div></div></div></div></div></div></div></div></div></div></div></div></div> </div> Note 14 – Fair Value The fair value hierarchy requires an entity to maximize the use of observable inputs and minimize the use of unobservable inputs false false false us-types:textBlockItemType textblock This item represents the complete disclosure regarding the fair value of financial instruments (as defined), including financial assets and financial liabilities (collectively, as defined), and the measurements of those instruments, assets, and liabilities. Such disclosures about the financial instruments, assets, and liabilities would include: (1) the fair value of the required items together with their carrying amounts (as appropriate); (2) for items for which it is not practicable to estimate fair value, disclosure would include: (a) information pertinent to estimating fair value (including, carrying amount, effective interest rate, and maturity, and (b) the reasons why it is not practicable to estimate fair value; (3) significant concentrations of credit risk including: (a) information about the activity, region, or economic characteristics identifying a concentration, (b) the maximum amount of loss the Company is exposed to based on the gross fair value of the related item, (c) policy for requiring collateral or other security and information as to accessing such collateral or security, and (d) the nature and brief description of such collateral or security; (4) quantitative information about market risks and how such risk is are managed; (5) for items measured on both a recurring and nonrecurring basis information regarding the inputs used to develop the fair value measurement; and (6) for items presented in the financial statement for which fair value measurement is elected: (a) information necessary to understand the reasons for the election, (b) discussion of the effect of fair value changes on earnings, (c) a description of [similar groups] items for which the election is made and the relation thereof to the balance sheet, the aggregate carrying value of items included in the balance sheet that are not eligible for the election; (7) all other required (as defined) and desired information. Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Statement of Financial Accounting Standard (FAS) -Number 107 -Paragraph 15B -Subparagraph a, b Reference 2: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Statement of Financial Accounting Standard (FAS) -Number 107 -Paragraph 3, 10, 14, 15 Reference 3: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Statement of Financial Accounting Standard (FAS) -Number 133 -Paragraph 44A, 44B Reference 4: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Statement of Financial Accounting Standard (FAS) -Number 157 -Paragraph 32, 33, 34 Reference 5: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Statement of Financial Accounting Standard (FAS) -Number 107 -Paragraph 15C, 15D Reference 6: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Statement of Financial Accounting Standard (FAS) -Number 107 -Paragraph 15A -Subparagraph a-d Reference 7: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Statement of Financial Accounting Standard (FAS) -Number 159 -Paragraph 17-22, 27, 28 false 1 2 false UnKnown UnKnown UnKnown false true