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Fair Value of Financial Instruments (Tables)
9 Months Ended
Sep. 30, 2015
Fair Value Disclosures [Abstract]  
Estimated Fair Values and Carrying Amounts of Financial Instruments
The carrying amount and estimated fair values, as well as the level within the fair value hierarchy, of the Company’s financial instruments are as follows:
 
September 30, 2015
(Dollars in thousands)
Carrying Amount
 
Fair Value
 
Level 1
 
Level 2
 
Level 3
Financial Assets
 
 
 
 
 
 
 
 
 
Cash and cash equivalents
$
682,272

 
$
682,272

 
$
682,272

 
$

 
$

Investment securities
2,926,135

 
2,928,416

 

 
2,928,416

 

Loans and loans held for sale, net of unearned income and allowance for loan losses
14,188,933

 
14,637,107

 

 
212,764

 
14,424,343

FDIC loss share receivables
43,443

 
8,437

 

 

 
8,437

Derivative instruments
41,440

 
41,440

 

 
41,440

 

 
 
 
 
 
 
 
 
 
 
Financial Liabilities
 
 
 
 
 
 
 
 
 
Deposits
$
16,303,065

 
$
15,996,499

 
$

 
$

 
$
15,996,499

Short-term borrowings
222,460

 
222,460

 
222,460

 

 

Long-term debt
341,973

 
311,982

 

 

 
311,982

Derivative instruments
38,147

 
38,147

 

 
38,147

 

 
 
 
 
 
 
 
 
 
 
 
December 31, 2014
(Dollars in thousands)
Carrying Amount
 
Fair Value
 
Level 1
 
Level 2
 
Level 3
Financial Assets
 
 
 
 
 
 
 
 
 
Cash and cash equivalents
$
548,095

 
$
548,095

 
$
548,095

 
$

 
$

Investment securities
2,275,813

 
2,278,334

 

 
2,278,334

 

Loans and loans held for sale, net of unearned income and allowance for loan losses
11,450,985

 
11,475,315

 

 
139,950

 
11,335,365

FDIC loss share receivables
69,627

 
19,606

 

 

 
19,606

Derivative instruments
32,903

 
32,903

 

 
32,903

 

 
 
 
 
 
 
 
 
 
 
Financial Liabilities
 
 
 
 
 
 
 
 
 
Deposits
$
12,520,525

 
$
12,298,017

 
$

 
$

 
$
12,298,017

Short-term borrowings
845,742

 
845,742

 
845,742

 

 

Long-term debt
403,254

 
376,139

 

 

 
376,139

Derivative instruments
31,354

 
31,354

 

 
31,354