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Fair Value of Financial Instruments (Tables)
12 Months Ended
Dec. 31, 2016
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 included in the tables below. See Note 1, Summary of Significant Accounting Policies, for a description of how fair value measurements are determined.
 
December 31, 2016
(Dollars in thousands)
Carrying  Amount
 
Fair Value
 
Level 1
 
Level 2
 
Level 3
Financial Assets
 
 
 
 
 
 
 
 
 
Cash and cash equivalents
$
1,362,126

 
$
1,362,126

 
$
1,362,126

 
$

 
$

Investment securities
3,535,313

 
3,536,029

 

 
3,536,029

 

Loans and loans held for sale, net of unearned income and allowance for loan losses
15,077,293

 
15,066,055

 

 
157,041

 
14,909,014

FDIC loss share receivables

 

 

 

 

Derivative instruments
38,886

 
38,886

 

 
38,886

 

 

 

 

 

 
 
Financial Liabilities
 
 
 
 
 
 
 
 
 
Deposits
$
17,408,283

 
$
16,762,475

 
$

 
$

 
$
16,762,475

Short-term borrowings
509,136

 
509,136

 
334,136

 
175,000

 

Long-term debt
628,953

 
617,656

 

 

 
617,656

Derivative instruments
30,209

 
30,209

 

 
30,209

 

 


 

 

 

 
 
 
December 31, 2015
(Dollars in thousands)
Carrying Amount
 
Fair Value
 
Level 1
 
Level 2
 
Level 3
Financial Assets
 
 
 
 
 
 
 
 
 
Cash and cash equivalents
$
510,267

 
$
510,267

 
$
510,267

 
$

 
$

Investment securities
2,899,214

 
2,901,247

 

 
2,901,247

 

Loans and loans held for sale, net of unearned income and allowance for loan losses
14,355,297

 
14,674,749

 

 
166,247

 
14,508,502

FDIC loss share receivables
39,878

 
9,163

 

 

 
9,163

Derivative instruments
30,486

 
30,486

 

 
30,486

 

 
 
 
 
 
 
 
 
 
 
Financial Liabilities
 
 
 
 
 
 
 
 
 
Deposits
$
16,178,748

 
$
15,696,245

 
$

 
$

 
$
15,696,245

Short-term borrowings
326,617

 
326,617

 
216,617

 
110,000

 

Long-term debt
340,447

 
309,847

 

 

 
309,847

Derivative instruments
25,002

 
25,002

 

 
25,002