Fair Value Measurements (Tables)

6 Months Ended

Jun. 30, 2016

Fair Value Disclosures [Abstract]

Schedule of Fair Value, Assets and Liabilities Measured on Recurring Basis [Table Text Block]

The following tables present the Company’s assets and liabilities measured at fair value on a recurring basis as of June 30, 2016 and December 31, 2015, aggregated by the level in the fair value hierarchy within which those measurements fall:

	As of June 30, 2016		Fair value measurements at reporting date using:
			Quoted prices in active markets for identical assets (Level 1)		Significant  other observable inputs (Level 2)		Significant unobservable inputs (Level 3)
	(In thousands)
Assets:
Available-for-sale securities:
U.S. government and agencies	$	41,737	$	41,008	$	729	$	—
Government-sponsored entities	343,210		—		343,210		—
Municipal bonds	276,316		—		276,316		—
Mortgage-backed securities	510,029		—		510,029		—
Other	20,231		20,231		—		—
Total available-for-sale securities	1,191,523		61,239		1,130,284		—
Derivatives - interest rate customer swaps	28,885		—		28,885		—
Derivatives - customer foreign exchange forwards	2		—		2		—
Derivatives - risk participation agreement	26		—		26		—
Other investments	5,994		5,994		—		—
Liabilities:
Derivatives - interest rate customer swaps	$	31,168	$	—	$	31,168	$	—
Derivatives - customer foreign exchange forwards	2		—		2		—
Derivatives - interest rate swaps	3,629		—		3,629		—
Derivatives - risk participation agreement	23		—		23		—
Other liabilities	5,994		5,994		—		—

			Fair value measurements at reporting date using:
	As of December 31, 2015		Quoted prices in active markets for identical assets (Level 1)		Significant  other observable inputs (Level 2)		Significant unobservable inputs (Level 3)
	(In thousands)
Assets:
Available-for-sale securities:
U.S. government and agencies	$	21,251	$	20,251	$	1,000	$	—
Government-sponsored entities	344,562		—		344,562		—
Municipal bonds	268,644		—		268,644		—
Mortgage-backed securities	427,041		—		427,041		—
Other	23,012		23,012		—		—
Total available-for-sale securities	1,084,510		43,263		1,041,247		—
Derivatives - interest rate customer swaps	7,960		—		7,960		—
Other investments	5,602		5,602		—		—
Liabilities:
Derivatives - interest rate customer swaps	$	8,084	$	—	$	8,084	$	—
Derivatives - interest rate swaps	1,907		—		1,907		—
Derivatives - risk participation agreement	11		—		11		—
Other liabilities	5,602		5,602		—		—

Fair Value, Assets and Liabilities Measured on Nonrecurring Basis [Table Text Block]

The following tables present the Company’s assets and liabilities measured at fair value on a non-recurring basis during the periods ended June 30, 2016 and 2015, respectively, aggregated by the level in the fair value hierarchy within which those measurements fall:

	As of June 30, 2016		Fair value measurements at reporting date using:						Gain (losses) from fair value changes
			Quoted prices in active markets for identical assets (Level 1)		Significant  other observable inputs (Level 2)		Significant unobservable inputs (Level 3)		Three months ended June 30, 2016		Six months ended June 30, 2016
	(In thousands)
Assets:
Impaired loans (1)	$	7,806	$	—	$	—	$	7,806	$	—	$	(1,164	)

___________________

(1) Collateral-dependent impaired loans held at June 30, 2016 that had write-downs in fair value or whose specific reserve changed during the first six months of 2016.

	As of June 30, 2015		Fair value measurements at reporting date using:						Gain (losses) from fair value changes
			Quoted prices in active markets for identical assets (Level 1)		Significant  other observable inputs (Level 2)		Significant unobservable inputs (Level 3)		Three months ended June 30, 2015		Six months ended June 30, 2015
	(In thousands)
Assets:
Impaired loans (1)	$	1,448	$	—	$	—	$	1,448	$	—	$	—

________________

(1) Collateral-dependent impaired loans held at June 30, 2015 that had write-downs in fair value or whose specific reserve changed during the first six months of 2015.

Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis, Valuation Techniques [Table Text Block]

The following table presents additional quantitative information about assets measured at fair value on a non-recurring basis for which the Company has utilized Level 3 inputs to determine fair value:

	As of June 30, 2016
	Fair Value		Valuation technique	Unobservable Input	Range of Inputs Utilized	Weighted Average of Inputs Utilized
	(In thousands)
Impaired Loans	$	7,806	Appraisals of Collateral	Discount for costs to sell	6% - 13%	7%
				Appraisal adjustments	20% - 40%	37%

	As of June 30, 2015
	Fair Value		Valuation technique	Unobservable Input	Range of Inputs Utilized	Weighted Average of Inputs Utilized
	(In thousands)
Impaired Loans	$	1,448	Appraisals of Collateral	Discount for costs to sell	11% - 13%	12%
				Appraisal adjustments	0% - 15%	7%

Fair Value, by Balance Sheet Grouping [Table Text Block]

The following tables present the carrying values and fair values of the Company’s financial instruments that are not measured at fair value on a recurring basis (other than certain loans, as noted below):

	As of June 30, 2016
	Book Value		Fair Value		Quoted prices  in active markets for identical assets  (Level 1)		Significant  other observable inputs (Level 2)		Significant unobservable inputs (Level 3)
	(In thousands)
FINANCIAL ASSETS:
Cash and cash equivalents	$	126,167	$	126,167	$	126,167	$	—	$	—
Held-to-maturity investment securities	105,297		107,389		—		107,389		—
Loans held for sale	4,677		5,549		—		5,549		—
Loans, net	5,675,744		5,757,824		—		—		5,757,824
Other financial assets	126,796		126,796		—		126,796		—
FINANCIAL LIABILITIES:
Deposits	5,536,092		5,538,277		—		5,538,277		—
Deposits held for sale	110,558		113,679		—		113,679		—
Securities sold under agreements to repurchase	43,304		43,304		—		43,304		—
Federal Funds purchased	180,000		180,000		—		180,000		—
Federal Home Loan Bank borrowings	678,012		683,717		—		683,717		—
Junior subordinated debentures	106,363		96,363		—		—		96,363
Other financial liabilities	1,950		1,950		—		1,950		—

	As of December 31, 2015
	Book Value		Fair Value		Quoted prices  in active markets for identical assets  (Level 1)		Significant  other observable inputs (Level 2)		Significant unobservable inputs (Level 3)
	(In thousands)
FINANCIAL ASSETS:
Cash and cash equivalents	$	238,694	$	238,694	$	238,694	$	—	$	—
Held-to-maturity investment securities	116,352		116,384		—		116,384		—
Loans held for sale	8,072		8,144		—		8,144		—
Loans, net	5,640,712		5,658,254		—		—		5,658,254
Other financial assets	118,233		118,233		—		118,233		—
FINANCIAL LIABILITIES:
Deposits	6,040,437		6,041,239		—		6,041,239		—
Securities sold under agreements to repurchase	58,215		58,215		—		58,215		—
Federal Home Loan Bank borrowings	461,324		465,100		—		465,100		—
Junior subordinated debentures	106,363		96,363		—		—		96,363
Other financial liabilities	1,978		1,978		—		1,978		—