Fair Value Measurements (Tables)

9 Months Ended

Sep. 30, 2015

Financial Asset and Liabilities Measured at Fair Value on Recurring Basis

The Company has segregated all financial assets and liabilities that are measured at fair value on a recurring basis into the most appropriate level within the fair value hierarchy based on the inputs used to estimate the fair value at the measurement date in the tables below.



	September 30, 2015
(Dollars in thousands)	Level 1		Level 2		Level 3		Total
Assets
Securities available for sale	$	—	$	2,827,805	$	—	$	2,827,805
Mortgage loans held for sale	—		202,168		—		202,168
Derivative instruments	—		41,440		—		41,440
Total	$	—	$	3,071,413	$	—	$	3,071,413
Liabilities
Derivative instruments	$	—	$	38,147	$	—	$	38,147
Total	$	—	$	38,147	$	—	$	38,147



	December 31, 2014
(Dollars in thousands)	Level 1		Level 2		Level 3		Total
Assets
Securities available for sale	$	—	$	2,158,853	$	—	$	2,158,853
Mortgage loans held for sale	—		139,950		—		139,950
Derivative instruments	—		32,903		—		32,903
Total	$	—	$	2,331,706	$	—	$	2,331,706
Liabilities
Derivative instruments	$	—	$	31,354	$	—	$	31,354
Total	$	—	$	31,354	$	—	$	31,354

Gains and Losses Included in Earnings Related to Asset and Liabilities Measured at Fair Value on Recurring Basis

Gains and losses (realized and unrealized) included in earnings (or accumulated other comprehensive income) during the first nine months of 2015 related to assets and liabilities measured at fair value on a recurring basis are reported in non-interest income or other comprehensive income as follows:



(Dollars in thousands)	Non-interest income		Other comprehensive income
Net gains included in earnings	$	2,643	$	—
Change in unrealized net gains relating to assets still held at September 30, 2015	—		9,458

Financial Asset and Liabilities Measured at Fair Value on Nonrecurring Basis

The Company has segregated all financial assets and liabilities that are measured at fair value on a non-recurring basis into the most appropriate level within the fair value hierarchy based on the inputs used to determine the fair value at the measurement date in the tables below.



	September 30, 2015
(Dollars in thousands)	Level 1		Level 2		Level 3		Total
Assets
OREO, net	$	—	$	1,904	$	—	$	1,904
Total	$	—	$	1,904	$	—	$	1,904



	December 31, 2014
(Dollars in thousands)	Level 1		Level 2		Level 3		Total
Assets
OREO, net	$	—	$	1,483	$	—	$	1,483
Total	$	—	$	1,483	$	—	$	1,483

Summary of Difference Between the Aggregate Fair Value and the Aggregate Unpaid Principal Balance for Mortgage Loans Held for Sale

The following table summarizes the difference between the aggregate fair value and the aggregate unpaid principal balance for mortgage loans held for sale measured at fair value:



	September 30, 2015						December 31, 2014
(Dollars in thousands)	Aggregate Fair Value		Aggregate Unpaid Principal		Aggregate Fair Value Less Unpaid Principal		Aggregate Fair Value		Aggregate Unpaid Principal		Aggregate Fair Value Less Unpaid Principal
Mortgage loans held for sale, at fair value	$	202,168	$	194,376	$	7,792	$	139,950	$	134,639	$	5,311