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Fair Value of Financial Instruments (Tables)
12 Months Ended
Dec. 31, 2017
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, 2017
(Dollars in thousands)
Carrying  Amount
 
Fair Value
 
Level 1
 
Level 2
 
Level 3
Financial Assets
 
 
 
 
 
 
 
 
 
Cash and cash equivalents
$
625,724

 
$
625,724

 
$
625,724

 
$
—

 
$
—

Investment securities
4,817,380

 
4,818,026

 
—

 
4,818,026

 
—

Loans and loans held for sale, net of unearned income and allowance for loan losses
20,072,206

 
19,961,773

 
—

 
134,916

 
19,826,857

Derivative instruments
31,265

 
31,265

 
—

 
31,265

 
—

 

 

 

 

 
 
Financial Liabilities
 
 
 
 
 
 
 
 
 
Deposits
21,466,717

 
21,460,782

 
—

 
21,460,782

 
—

Short-term borrowings
991,297

 
991,297

 
516,297

 
475,000

 
—

Long-term debt
1,495,835

 
1,476,899

 
—

 
—

 
1,476,899

Derivative instruments
25,154

 
25,154

 
—

 
25,154

 
—

 


 

 

 

 
 
 
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

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

 
—