Fair Value Measurements (Tables)

3 Months Ended

Mar. 31, 2015

Fair Value Assets And Liabilities Measured On A Recurring Basis [Table Text Block]

The fair value of financial assets and liabilities measured on a recurring basis was as follows as of March 31, 2015 (in thousands):



	Total		Quoted Prices in Active Markets for Identical Instruments		Significant Other Observable Inputs		Significant Unobservable Inputs
Assets:
Trading securities:
U.S. Government agency debentures	$	26,283	$	—	$	26,283	$	—
U.S. agency residential mortgage-backed securities	17,179		—		17,179		—
Municipal and other tax-exempt securities	54,164		—		54,164		—
Other trading securities	20,418		—		20,418		—
Total trading securities	118,044		—		118,044		—
Available for sale securities:
U.S. Treasury	1,001		1,001		—		—
Municipal and other tax-exempt	60,818		—		51,195		9,623
U.S. agency residential mortgage-backed securities	6,717,569		—		6,717,569		—
Privately issued residential mortgage-backed securities	160,031		—		160,031		—
Commercial mortgage-backed securities guaranteed by U.S. government agencies	2,164,842		—		2,164,842		—
Other debt securities	9,155		—		5,005		4,150
Perpetual preferred stock	24,983		—		24,983		—
Equity securities and mutual funds	19,776		5,071		14,705		—
Total available for sale securities	9,158,175		6,072		9,138,330		13,773
Fair value option securities:
U.S. agency residential mortgage-backed securities	434,077		—		434,077		—
Other securities	—		—		—		—
Total fair value option securities	434,077		—		434,077		—
Residential mortgage loans held for sale	513,196		—		506,326		6,870
Mortgage servicing rights¹	175,051		—		—		175,051
Derivative contracts, net of cash collateral²	462,386		21,369		441,017		—
Other assets – private equity funds	25,565		—		—		25,565
Liabilities:
Derivative contracts, net of cash collateral²	419,351		—		419,351		—


¹	A reconciliation of the beginning and ending fair value of mortgage servicing rights and disclosures of significant assumptions used to determine fair value are presented in Note 5, Mortgage Banking Activities.

See Note 3 for detail of fair value of derivative contracts by contract type. Derivative contracts in asset positions that were valued based on quoted prices in active markets for identical instruments (Level 1) are primarily exchange-traded energy derivative contacts, net of cash margin. Derivative contacts in liability positions that were valued using quoted prices in active markets for identical instruments are exchange-traded agricultural derivative contracts, fully offset by cash margin.

The fair value of financial assets and liabilities measured on a recurring basis was as follows as of December 31, 2014 (in thousands):



	Total		Quoted Prices in Active Markets for Identical Instruments		Significant Other Observable Inputs		Significant Unobservable Inputs
Assets:
Trading securities:
U.S. Government agency debentures	$	85,092	$	—	$	85,092	$	—
U.S. agency residential mortgage-backed securities	31,199		—		31,199		—
Municipal and other tax-exempt securities	38,951		—		38,951		—
Other trading securities	33,458		—		33,458		—
Total trading securities	188,700		—		188,700		—
Available for sale securities:
U.S. Treasury	1,005		1,005		—		—
Municipal and other tax-exempt	63,557		—		53,464		10,093
U.S. agency residential mortgage-backed securities	6,646,884		—		6,646,884		—
Privately issued residential mortgage-backed securities	165,957		—		165,957		—
Commercial mortgage-backed securities guaranteed by U.S. government agencies	2,048,609		—		2,048,609		—
Other debt securities	9,212		—		5,062		4,150
Perpetual preferred stock	24,277		—		24,277		—
Equity securities and mutual funds	19,444		4,927		14,517		—
Total available for sale securities	8,978,945		5,932		8,958,770		14,243
Fair value option securities:
U.S. agency residential mortgage-backed securities	311,597		—		311,597		—
Other securities	—		—		—		—
Total fair value option securities	311,597		—		311,597		—
Residential mortgage loans held for sale	304,182		—		292,326		11,856
Mortgage servicing rights¹	171,976		—		—		171,976
Derivative contracts, net of cash collateral²	361,874		17,607		344,267		—
Other assets – private equity funds	25,627		—		—		25,627
Liabilities:
Derivative contracts, net of cash collateral²	354,554		541		354,013		—


¹	A reconciliation of the beginning and ending fair value of mortgage servicing rights and disclosures of significant assumptions used to determine fair value are presented in Note 5, Mortgage Banking Activities.

See Note 3 for detail of fair value of derivative contracts by contract type. Derivative contracts based on quoted prices in active markets for identical instruments (Level 1) are exchange-traded energy derivative contacts, net of cash margin. Derivative contracts in liability positions that were valued using quoted prices in active markets fro identical instruments (Level 1) are exchange-traded interest rate and agricultural derivative contracts, net of cash margin.

The fair value of financial assets and liabilities measured on a recurring basis was as follows as of March 31, 2014 (in thousands):



	Total		Quoted Prices in Active Markets for Identical Instruments		Significant Other Observable Inputs		Significant Unobservable Inputs
Assets:
Trading securities:
U.S. Government agency debentures	$	28,588	$	—	$	28,588	$	—
U.S. agency residential mortgage-backed securities	23,595		—		23,595		—
Municipal and other tax-exempt securities	27,280		—		27,280		—
Other trading securities	7,108		—		7,108		—
Total trading securities	86,571		—		86,571		—
Available for sale securities:
U.S. Treasury	1,034		1,034		—		—
Municipal and other tax-exempt	70,065		—		54,542		15,523
U.S. agency residential mortgage-backed securities	7,475,569		—		7,475,569		—
Privately issued residential mortgage-backed securities	189,248		—		189,248		—
Commercial mortgage-backed securities guaranteed by U.S. government agencies	2,123,762		—		2,123,762		—
Other debt securities	35,119		—		30,407		4,712
Perpetual preferred stock	24,281		—		24,281		—
Equity securities and mutual funds	14,645		—		14,645		—
Total available for sale securities	9,933,723		1,034		9,912,454		20,235
Fair value option securities:
U.S. agency residential mortgage-backed securities	156,525		—		156,525		—
Other securities	4,359		—		4,359		—
Total fair value option securities	160,884		—		160,884		—
Residential mortgage loans held for sale	226,512		—		226,512		—
Mortgage servicing rights¹	153,774		—		—		153,774
Derivative contracts, net of cash collateral²	218,507		1,363		217,144		—
Other assets – private equity funds	27,466		—		—		27,466
Liabilities:
Derivative contracts, net of cash collateral²	185,499		—		185,499		—


¹	A reconciliation of the beginning and ending fair value of mortgage servicing rights and disclosures of significant assumptions used to determine fair value are presented in Note 5, Mortgage Banking Activities.

See Note 3 for detail of fair value of derivative contracts by contract type. Derivative contracts based on quoted prices in active markets for identical instruments (Level 1) are exchange-traded energy and interest rate derivative contacts, net of cash margin. Derivative contracts in liability positions that were valued using quoted prices in active markets fro identical instruments (Level 1) were exchange-traded energy, interest rate and agricultural derivative contracts, fully pffset by cash cash margin.

Fair Value Assets Measured On Recurring Basis, Significant Unobservable Inputs [Table Text Block]

The following represents the changes for the three months ended March 31, 2015 related to assets measured at fair value on a recurring basis using significant unobservable inputs (in thousands):



	Available for Sale Securities
	Municipal and other tax-exempt			Other debt securities		Residential mortgage loans held for sale			Other assets – private equity funds
Balance, Dec. 31, 2014	$	10,093		$	4,150	$	11,856		$	25,627
Transfer to Level 3 from Level 2	—			—		243			—
Purchases and capital calls	—			—		—			380
Proceeds from sales	—			—		(5,288		)	—
Redemptions and distributions	(500		)	—		—			(694		)
Gain (loss) recognized in earnings:
Mortgage banking revenue	—			—		59			—
Gain on other assets, net	—			—		—			252
Other comprehensive gain (loss):
Net change in unrealized gain (loss)	30			—		—			—
Balance, March 31, 2015	$	9,623		$	4,150	$	6,870		$	25,565

The following represents the changes for the three months ended March 31, 2014 related to assets measured at fair value on a recurring basis using significant unobservable inputs (in thousands):



	Available for Sale Securities
	Municipal and other tax-exempt			Other debt securities		Equity securities and mutual funds			Other assets – private equity funds
Balance, Dec. 31, 2013	$	17,805		$	4,712	$	4,207		$	27,341
Transfer to Level 3 from Level 2	—			—		—			—
Purchases, and capital calls	—			—		—			205
Redemptions and distributions	(2,322		)	—		—			(1,105		)
Gain (loss) recognized in earnings
Gain on other assets, net	—			—		—			1,025
Gain on available for sale securities, net	(78		)	—		—			—
Charitable contributions to BOKF Foundation	—			—		(2,420		)	—
Other comprehensive gain (loss):
Net change in unrealized gain (loss)	118			—		(1,787		)	—
Balance, March 31, 2014	$	15,523		$	4,712	$	—		$	27,466

Fair Value Inputs, Fair Value Measured On a Recurring Basis, Quantitative Information [Table Text Block]

A summary of quantitative information about assets measured at fair value on a recurring basis using significant unobservable inputs (Level 3) as of March 31, 2015 follows (in thousands):

Quantitative Information about Level 3 Recurring Fair Value Measurements

Par

Value

Amortized

Cost/Unpaid Principal Balance

Fair

Value

Valuation Technique(s)

Unobservable Input

Range

(Weighted Average)

Available for sale securities

Municipal and other tax-exempt securities

10,370

10,309

9,623

Discounted cash flows

Interest rate spread

4.99%-5.29% (5.25%)

92.63%-92.99% (92.80%)

Other debt securities

4,400

4,150

Discounted cash flows

Interest rate spread

5.42%-5.67% (5.64%)

⁴

94.31% - 94.32 (94.32%)

Residential mortgage loans held for sale

N/A

7,444

6,870

Quoted prices of loans sold in securitization transactions, with a liquidity discount applied

Liquidity discount applied to the market value of a mortgage loans qualifying for sale to U.S. government agencies.

N/A

Other assets - private equity funds

N/A

25,565

Net asset value reported by underlying fund

N/A


¹	Discounted cash flows developed using discount rates primarily based on reference to interest rate spreads for comparable securities of similar duration and credit rating as determined by the nationally-recognized rating agencies, adjusted for lack of trading volume.


²	Interest rate yields used to value investment grade tax-exempt securities represent a spread of 491 to 518 basis points over average yields for comparable tax-exempt securities.


³	Represents fair value as a percentage of par value.


⁴	Interest rate yields used to value investment grade taxable securities based on comparable short-term taxable securities which are generally yielding less than 1%.

A summary of quantitative information about Recurring Fair Value Measurements based on Significant Unobservable Inputs (Level 3) as of December 31, 2014 follows (in thousands):

Quantitative Information about Level 3 Recurring Fair Value Measurements

Par

Value

Amortized

Cost

Fair

Value

Valuation Technique(s)

Unobservable Input

Range

(Weighted Average)

Available for sale securities

Municipal and other tax-exempt securities

10,870

10,805

10,093

Discounted cash flows

Interest rate spread

4.96%-5.26% (5.21%)

92.65%-94.32% (93.09%)

Other debt securities

4,400

4,150

Discounted cash flows

Interest rate spread

5.62%-5.67% (5.66%)

⁴

92.65% - 92.95 (92.77%)

Residential mortgage loans held for sale

N/A

12,468

11,856

Quoted prices of loans sold in securitization transactions, with a liquidity discount applied

Liquidity discount applied to the market value of a mortgage loans qualifying for sale to U.S. government agencies.

N/A

Other assets - private equity funds

N/A

25,627

Net asset value reported by underlying fund

N/A


¹	Discounted cash flows developed using discount rates primarily based on reference to interest rate spreads for comparable securities of similar duration and credit rating as determined by the nationally-recognized rating agencies, adjusted for lack of trading volume.


²	Interest rate yields used to value investment grade tax-exempt securities represent a spread of 488 to 516 basis points over average yields for comparable tax-exempt securities.


³	Represents fair value as a percentage of par value.


⁴	Interest rate yields used to value investment grade taxable securities based on comparable short-term taxable securities which are generally yielding less than 1%.

A summary of quantitative information about Recurring Fair Value Measurements based on Significant Unobservable Inputs (Level 3) as of March 31, 2014 follows (in thousands):

Quantitative Information about Level 3 Recurring Fair Value Measurements

Par

Value

Amortized

Cost

Fair

Value

Valuation Technique(s)

Unobservable Input

Range

(Weighted Average)

Available for sale securities

Municipal and other tax-exempt securities

16,295

16,224

15,523

Discounted cash flows

Interest rate spread

4.95%-5.25% (5.13%)

95.05%-95.49% (95.26%)

Other debt securities

4,900

4,712

Discounted cash flows

Interest rate spread

5.46%-5.66% (5.63%)

⁴

96.16% (96.16%)

Other assets - private equity funds

N/A

27,466

Net asset value reported by underlying fund

N/A


¹	Discounted cash flows developed using discount rates primarily based on reference to interest rate spreads for comparable securities of similar duration and credit rating as determined by the nationally-recognized rating agencies, adjusted for lack of trading volume.


²	Interest rate yields used to value investment grade tax-exempt securities represent a spread of 468 to 515 basis points over average yields for comparable tax-exempt securities.


³	Represents fair value as a percentage of par value.


⁴	Interest rate yields used to value investment grade taxable securities based on comparable short-term taxable securities which are generally yielding less than 1%.

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

The following represents the carrying value of assets measured at fair value on a non-recurring basis (and related losses) during the period. The carrying value represents only those assets with a balance at March 31, 2015 for which the fair value was adjusted during the three months ended March 31, 2015:



	Carrying Value at March 31, 2015						Fair Value Adjustments for the Three Months Ended March 31, 2015 Recognized in:
	Quoted Prices in Active Markets for Identical Instruments		Significant Other Observable Inputs		Significant Unobservable Inputs		Gross charge-offs against allowance for loan losses		Net losses and expenses of repossessed assets, net
Impaired loans	$	—	$	2,248	$	—	$	468	$	—
Real estate and other repossessed assets	—		7,623		—		—		1,161

The following represents the carrying value of assets measured at fair value on a non-recurring basis (and related losses) during the period. The carrying value represents only those assets with a balance at March 31, 2014 for which the fair value was adjusted during the three months ended March 31, 2014:



	Carrying Value at March 31, 2014						Fair Value Adjustments for the Three Months Ended March 31, 2014 Recognized in:
	Quoted Prices in Active Markets for Identical Instruments		Significant Other Observable Inputs		Significant Unobservable Inputs		Gross charge-offs against allowance for loan losses		Net losses and expenses of repossessed assets, net
Impaired loans	$	—	$	3,015	$	1,541	$	953	$	—
Real estate and other repossessed assets	—		4,833		—		—		1,251

Fair Value Inputs, Fair Value Measured On a Nonrecurring Basis, Quantitative Information [Table Text Block]

A summary of quantitative information about Non-recurring Fair Value Measurements based on Significant Unobservable Inputs (Level 3) as of March 31, 2014 follows (in thousands):



Quantitative Information about Level 3 Non-recurring Fair Value Measurements
	Fair Value		Valuation Technique(s)	Unobservable Input	Range (Weighted Average)
Impaired loans	$	1,541	Appraised value, as adjusted	Broker quotes and management's knowledge of industry and collateral.	N/A

Fair Value of Financial Instruments [Table Text Block]

The following table presents the carrying values and estimated fair values of all financial instruments, including those financial assets and liabilities that are not measured and reported at fair value on a recurring basis or non-recurring basis as of March 31, 2015 (dollars in thousands):



	Carrying Value			Range of Contractual Yields	Average Re-pricing (in years)	Discount Rate		Estimated Fair Value
Cash and due from banks	$	490,683						$	490,683
Interest-bearing cash and cash equivalents	2,119,987							2,119,987
Trading securities:
U.S. Government agency debentures	26,283							26,283
U.S. agency residential mortgage-backed securities	17,179							17,179
Municipal and other tax-exempt securities	54,164							54,164
Other trading securities	20,418							20,418
Total trading securities	118,044							118,044
Investment securities:
Municipal and other tax-exempt	396,063							400,112
U.S. agency residential mortgage-backed securities	33,545							35,253
Other debt securities	204,979							222,606
Total investment securities	634,587							657,971
Available for sale securities:
U.S. Treasury	1,001							1,001
Municipal and other tax-exempt	60,818							60,818
U.S. agency residential mortgage-backed securities	6,717,569							6,717,569
Privately issued residential mortgage-backed securities	160,031							160,031
Commercial mortgage-backed securities guaranteed by U.S. government agencies	2,164,842							2,164,842
Other debt securities	9,155							9,155
Perpetual preferred stock	24,983							24,983
Equity securities and mutual funds	19,776							19,776
Total available for sale securities	9,158,175							9,158,175
Fair value option securities:
U.S. agency residential mortgage-backed securities	434,077							434,077
Other securities	—							—
Total fair value option securities	434,077							434,077
Residential mortgage loans held for sale	513,196							513,196
Loans:
Commercial	9,391,163			0.18% - 30.00%	0.69	0.49% - 4.15%		8,943,332
Commercial real estate	2,935,464			0.38% - 18.00%	0.83	1.03% - 3.63%		2,708,850
Residential mortgage	1,926,999			1.20% - 18.00%	2.21	0.70% - 3.84%		1,990,722
Consumer	430,510			0.38% - 21.00%	0.43	0.99% - 3.88%		431,521
Total loans	14,684,136							14,074,425
Allowance for loan losses	(197,686		)					—
Loans, net of allowance	14,486,450							14,074,425
Mortgage servicing rights	175,051							175,051
Derivative instruments with positive fair value, net of cash margin	462,386							462,386
Other assets – private equity funds	25,565							25,565
Deposits with no stated maturity	18,501,569							18,501,569
Time deposits	2,651,778			0.02% - 9.64%	1.79	0.78% - 1.24%		2,659,907
Other borrowed funds	4,691,033			0.25% - 4.78%	0.02	0.06% - 2.64%		4,657,770
Subordinated debentures	348,030			0.92% - 5.00%	1.43	2.11	%	344,599
Derivative instruments with negative fair value, net of cash margin	419,351							419,351



	Carrying Value			Range of Contractual Yields	Average Re-pricing (in years)	Discount Rate		Estimated Fair Value
Cash and due from banks	$	550,576						$	550,576
Interest-bearing cash and cash equivalents	1,925,266							1,925,266
Trading securities:
U.S. Government agency debentures	85,092							85,092
U.S. agency residential mortgage-backed securities	31,199							31,199
Municipal and other tax-exempt securities	38,951							38,951
Other trading securities	33,458							33,458
Total trading securities	188,700							188,700
Investment securities:
Municipal and other tax-exempt	405,090							408,344
U.S. agency residential mortgage-backed securities	35,750							37,463
Other debt securities	211,520							227,819
Total investment securities	652,360							673,626
Available for sale securities:
U.S. Treasury	1,005							1,005
Municipal and other tax-exempt	63,557							63,557
U.S. agency residential mortgage-backed securities	6,646,884							6,646,884
Privately issued residential mortgage-backed securities	165,957							165,957
Commercial mortgage-backed securities guaranteed by U.S. government agencies	2,048,609							2,048,609
Other debt securities	9,212							9,212
Perpetual preferred stock	24,277							24,277
Equity securities and mutual funds	19,444							19,444
Total available for sale securities	8,978,945							8,978,945
Fair value option securities:
U.S. agency residential mortgage-backed securities	311,597							311,597
Other securities	—							—
Total fair value option securities	311,597							311,597
Residential mortgage loans held for sale	304,182							304,182
Loans:
Commercial	9,095,670			0.17% - 30.00%	0.65	0.51% - 4.34%		8,948,870
Commercial real estate	2,728,150			0.38% - 18.00%	0.84	1.09% - 3.78%		2,704,454
Residential mortgage	1,949,512			1.20% - 18.00%	2.50	0.64% - 3.99%		1,985,870
Consumer	434,705			0.38% - 21.00%	0.45	1.04% - 3.98%		431,274
Total loans	14,208,037							14,070,468
Allowance for loan losses	(189,056		)					—
Loans, net of allowance	14,018,981							14,070,468
Mortgage servicing rights	171,976							171,976
Derivative instruments with positive fair value, net of cash margin	361,874							361,874
Other assets – private equity funds	25,627							25,627
Deposits with no stated maturity	18,532,143							18,532,143
Time deposits	2,608,716			0.02% - 9.64%	1.92	0.76% - 1.33%		2,612,576
Other borrowed funds	3,378,294			0.21% - 1.52%	0.12	0.06% - 2.64%		3,331,771
Subordinated debentures	347,983			0.92% - 5.00%	1.67	2.14	%	344,687
Derivative instruments with negative fair value, net of cash margin	354,554							354,554



	Carrying Value			Range of Contractual Yields	Average Re-pricing (in years)	Discount Rate		Estimated Fair Value
Cash and due from banks	$	645,435						$	645,435
Interest-bearing cash and cash equivalents	708,571							708,571
Trading securities:
U.S. Government agency debentures	28,588							28,588
U.S. agency residential mortgage-backed securities	23,595							23,595
Municipal and other tax-exempt securities	27,280							27,280
Other trading securities	7,108							7,108
Total trading securities	86,571							86,571
Investment securities:
Municipal and other tax-exempt	440,303							441,532
U.S. agency residential mortgage-backed securities	45,917							47,834
Other debt securities	182,756							195,697
Total investment securities	668,976							685,063
Available for sale securities:
U.S. Treasury	1,034							1,034
Municipal and other tax-exempt	70,065							70,065
U.S. agency residential mortgage-backed securities	7,475,569							7,475,569
Privately issued residential mortgage-backed securities	189,248							189,248
Commercial mortgage-backed securities guaranteed by U.S. government agencies	2,123,762							2,123,762
Other debt securities	35,119							35,119
Perpetual preferred stock	24,281							24,281
Equity securities and mutual funds	14,645							14,645
Total available for sale securities	9,933,723							9,933,723
Fair value option securities:
U.S. agency residential mortgage-backed securities	156,525							156,525
Other securities	4,359							4,359
Total fair value option securities	160,884							160,884
Residential mortgage loans held for sale	226,512							226,512
Loans:
Commercial	8,051,706			0.15% - 30.00%	0.52	0.55% - 4.28%		7,941,638
Commercial real estate	2,631,407			0.38% - 18.00%	0.74	1.15% - 3.54%		2,609,622
Residential mortgage	2,018,675			0.01% - 18.00%	2.60	0.57% - 4.54%		2,040,336
Consumer	376,066			0.38% - 21.00%	0.50	1.14% - 3.80%		370,885
Total loans	13,077,854							12,962,481
Allowance for loan losses	(188,318		)					—
Loans, net of allowance	12,889,536							12,962,481
Mortgage servicing rights	153,774							153,774
Derivative instruments with positive fair value, net of cash margin	218,507							218,507
Other assets – private equity funds	27,466							27,466
Deposits with no stated maturity	17,727,539							17,727,539
Time deposits	2,662,174			0.03% - 9.64%	2.08	0.74% - 1.32%		2,664,770
Other borrowed funds	2,974,979			0.23% - 4.50%	0.01	0.06% - 2.62%		2,960,177
Subordinated debentures	347,846			0.95% - 5.00%	2.40	2.21	%	344,717
Derivative instruments with negative fair value, net of cash margin	185,499							185,499

Fair Value Inputs, Financial Instruments, Quantitative Information [Table Text Block]



	Range of Contractual Yields				Average Re-pricing (in years)	Discount Rate
	Minimum		Maximum		Average	Minimum		Maximum
March 31, 2015
Commercial	0.18	%	30.00	%	0.69	0.49	%	4.15	%
Commercial real estate	0.38	%	18.00	%	0.83	1.03	%	3.63	%
Residential mortgage	1.20	%	18.00	%	2.21	0.70	%	3.84	%
Consumer	0.38	%	21.00	%	0.43	0.99	%	3.88	%

Time deposits	0.02	%	9.64	%	1.79	0.78	%	1.24	%
Other borrowings	0.25	%	4.78	%	0.02	0.06	%	2.64	%
Subordinated debentures	0.92	%	5.00	%	1.43	2.11	%	2.11	%

December 31, 2014
Commercial	0.17	%	30.00	%	0.65	0.51	%	4.34	%
Commercial real estate	0.38	%	18.00	%	0.84	1.09	%	3.78	%
Residential mortgage	1.20	%	18.00	%	2.50	0.64	%	3.99	%
Consumer	0.38	%	21.00	%	0.45	1.04	%	3.98	%

Time deposits	0.02	%	9.64	%	1.92	0.76	%	1.33	%
Other borrowings	0.21	%	1.52	%	0.12	0.06	%	2.64	%
Subordinated debentures	0.92	%	5.00	%	1.67	2.14	%	2.14	%

March 31, 2014
Commercial	0.15	%	30.00	%	0.52	0.55	%	4.28	%
Commercial real estate	0.38	%	18.00	%	0.74	1.15	%	3.54	%
Residential mortgage	0.01	%	18.00	%	2.60	0.57	%	4.54	%
Consumer	0.38	%	21.00	%	0.50	1.14	%	3.80	%

Time deposits	0.03	%	9.64	%	2.08	0.74	%	1.32	%
Other borrowings	0.23	%	4.50	%	0.01	0.06	%	2.62	%
Subordinated debentures	0.95	%	5.00	%	2.40	2.21	%	2.21	%

- Definition

Tabular disclosure of the fair value measurement of assets using significant unobservable inputs (Level 3), a reconciliation of the beginning and ending balances, separately presenting changes during the period attributable to the following: (1) total gains or losses for the period (realized and unrealized), segregating those gains or losses included in earnings (or changes in net assets) and gains or losses recognized in other comprehensive income (loss), and a description of where those gains or losses included in earnings (or changes in net assets) are reported in the statement of income (or activities); (2) purchases, sales, issues, and settlements (each type disclosed separately); and (3) transfers in and transfers out of Level 3 (for example, transfers due to changes in the observability of significant inputs), by class of asset.

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- Definition

Tabular disclosure of the fair value of financial instruments, including financial assets and financial liabilities, and the measurements of those instruments, assets, and liabilities.

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