Fair Values (Tables)

12 Months Ended

Dec. 31, 2011

Schedule Of Carrying Value And Fair Value Of Financial Instruments Not Recorded At Fair Value


	2011				2010
	Carrying Value		Fair Value		Carrying Value		Fair Value
FINANCIAL ASSETS:
Cash and cash equivalents	$	598,766	$	598,766	$	1,004,125	$	1,004,125
Trading securities		2,309		2,309		3,024		3,024
Securities available for sale		3,168,578		3,168,578		2,919,180		2,919,180
Securities held to maturity		4,714		4,759		4,762		4,774
Loans held for sale		98,691		98,691		75,626		75,626
Non-covered loans and leases, net		5,795,130		5,816,714		5,557,066		5,767,506
Covered loans and leases		622,451		722,295		785,898		893,682
Restricted equity securities		32,581		32,581		34,475		34,475
Mortgage servicing rights		18,184		18,184		14,454		14,454
Bank owned life insurance assets		92,555		92,555		90,161		90,161
FDIC indemnification asset		91,089		47,008		146,413		90,011
Derivatives		7,955		7,955		1,060		1,060
Visa Class B common stock		—		19,230		—		15,987

FINANCIAL LIABILITIES:
Deposits	$	9,236,690	$	9,260,327	$	9,433,805	$	9,464,406
Securities sold under agreement to repurchase		124,605		124,605		73,759		73,759
Term debt		255,676		284,911		262,760		282,127
Junior subordinated debentures, at fair value		82,905		82,905		80,688		80,688
Junior subordinated debentures, at amortized cost		102,544		68,698		102,866		65,771
Derivatives		6,509		6,509		361		361

Schedule Of Fair Value Assets And Liabilities Measured On Recurring Basis


(in thousands)
	Fair Value at December 31, 2011
	Total		Level 1		Level 2		Level 3
Description
Trading securities
Obligations of states and political subdivisions	$	296	$	296	$	—	$	—
Equity securities		1,918		1,918		—		—
Other investments securities⁽¹⁾		95		95		—		—
Available for sale securities
U.S. Treasury and agencies		118,465		—		118,465		—
Obligations of states and political subdivisions		253,553		—		253,553		—
Residential mortgage-backed securities and collateralized mortgage obligations		2,794,355		—		2,794,355		—
Other debt securities		134		—		134		—
Investments in mutual funds and other equity securities		2,071		—		2,071		—
Mortgage servicing rights, at fair value		18,184		—		—		18,184
Derivatives		7,955		—		7,955		—

Total assets measured at fair value	$	3,197,026	$	2,309	$	3,176,533	$	18,184

Junior subordinated debentures, at fair value	$	82,905	$	—	$	—	$	82,905
Derivatives		6,509		—		6,509		—

Total liabilities measured at fair value	$	89,414	$	—	$	6,509	$	82,905


	Fair Value at December 31, 2010
	Total		Level 1		Level 2		Level 3
Description
Trading securities
Obligations of states and political subdivisions	$	1,282	$	1,282	$	—	$	—
Equity securities		1,645		1,645		—		—
Other investments securities⁽¹⁾		97		97		—		—
Available for sale securities
U.S. Treasury and agencies		118,789		—		118,789		—
Obligations of states and political subdivisions		216,726		—		216,726		—
Residential mortgage-backed securities and collateralized mortgage obligations		2,581,504		—		2,581,504		—
Other debt securities		152		—		152		—
Investments in mutual funds and other equity securities		2,009		—		2,009		—
Mortgage servicing rights, at fair value		14,454		—		—		14,454
Derivatives		1,060		—		1,060		—

Total assets measured at fair value	$	2,937,718	$	3,024	$	2,920,240	$	14,454

Junior subordinated debentures, at fair value	$	80,688	$	—	$	—	$	80,688
Derivatives		361		—		361		—

Total liabilities measured at fair value	$	81,049	$	—	$	361	$	80,688

(1)	Principally represents U.S. Treasury and agencies or residential mortgage-backed securities issued or guaranteed by governmental agencies.

Schedule Of Reconciliation Of Assets And Liabilities Measured At Fair Value Using Significant Unobservable Inputs (Level 3) On A Recurring Basis


(in thousands)
	Beginning Balance		Change included in earnings			Issuances		Settlements			Ending Balance		Net change in unrealized gains or losses relating to items held at end of period
2011
Mortgage servicing rights	$	14,454	$	(2,990	)	$	6,720	$	—		$	18,184	$	(961	)
Junior subordinated debentures		80,688		6,134			—		(3,917	)		82,905		6,134
2010
Mortgage servicing rights	$	12,625	$	(3,878	)	$	5,707	$	—		$	14,454	$	(1,965	)
Junior subordinated debentures		85,666		(1,004	)		—		(3,974	)		80,688		(1,004	)

Fair Value Assets And Liabilities Measured On Nonrecurring Basis


(in thousands)
	December 31, 2011
	Total		Level 1		Level 2		Level 3
Description
Investment securities, held to maturity
Residential mortgage-backed securities and collateralized mortgage obligations	$	487	$	—	$	—	$	487
Non-covered loans and leases		53,847		—		—		53,847
Non-covered other real estate owned		11,321		—		—		11,321
Covered other real estate owned		12,561		—		—		12,561

	$	78,216	$	—	$	—	$	78,216


	December 31, 2010
	Total		Level 1		Level 2		Level 3
Description
Investment securities, held to maturity
Residential mortgage-backed securities and collateralized mortgage obligations	$	1,226	$	—	$	—	$	1,226
Non-covered loans and leases		74,639		—		—		74,639
Non-covered other real estate owned		7,958		—		—		7,958
Covered other real estate owned		8,708		—		—		8,708

	$	92,531	$	—	$	—	$	92,531

Fair Value, Assets And Liabilities Measured On Recurring Basis, Gain (Loss) Included In Earnings


(in thousands)
	2011		2010		2009
Investment securities, held to maturity
Residential mortgage-backed securities and collateralized mortgage obligations	$	359	$	414	$	10,334
Non-covered loans and leases		51,883		119,240		185,810
Goodwill		—		—		111,952
Other intangible assets, net		—		—		804
Non-covered other real estate owned		8,947		4,074		12,247
Covered other real estate owned		8,709		1,941		—

Total loss from nonrecurring measurements	$	69,898	$	125,669	$	321,147

- Definition

Tabular disclosure of the total amount of gains or losses for the period which are included in earnings or resulted in a change to net assets which gains or losses have arisen from the use of significant unobservable inputs (Level 3) to measure the fair value of assets and liabilities. Such gains or losses are attributable to the change in unrealized gains or losses relating to those assets and liabilities so valued which are still held at the reporting date and which change are also considered for disclosure; it may be expected that a description of where those unrealized gains or losses are reported in the statement of income or the statement of financial position would also be disclosed.

+ References+ Details

- Definition

Tabular disclosure of assets and liabilities by class, including [financial] instruments measured at fair value that are classified in stockholders' equity, if any, that are measured at fair value on a nonrecurring basis in periods after initial recognition (for example, impaired assets). The disclosures that may be required or desired include: (a) the fair value measurements recorded during the period and the reasons for the measurements and (b) the level within the fair value hierarchy in which the fair value measurements in their entirety fall, segregating fair value measurements using quoted prices in active markets for identical assets or liabilities (Level 1), significant other observable inputs (Level 2), and significant unobservable inputs (Level 3). Where the quoted price in an active market for the identical liability is not available, the Level 1 input is the quoted price of an identical liability when traded as an asset.

+ References+ Details

- 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, 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, issuances, 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.

+ References+ Details

- Definition

Tabular disclosure of the fair value of financial instruments (as defined), including financial assets and financial liabilities (collectively, as defined), and the measurements of those instruments, assets, and liabilities. Such certain disclosures about the financial instruments, assets, and liabilities include: (1) the fair value of the required items together with their carrying amounts (as appropriate) and (2) the methodology and assumptions used in developing such estimates of fair value.

+ References

Reference 1: http://www.xbrl.org/2003/role/presentationRef

-Publisher FASB

-Name Accounting Standards Codification

-Topic 825

-SubTopic 10

-Section 50

-Paragraph 10

-Subparagraph (a)

-URI http://asc.fasb.org/extlink&oid=6947722&loc=d3e13433-108611

Reference 2: http://www.xbrl.org/2003/role/presentationRef

-Publisher FASB

-Name Accounting Standards Codification

-Topic 820

-SubTopic 10

-Section 50

-Paragraph 2

-Subparagraph (a)

-URI http://asc.fasb.org/extlink&oid=6925170&loc=d3e19207-110258

Reference 3: http://www.xbrl.org/2003/role/presentationRef

-Publisher FASB

-Name Statement of Financial Accounting Standard (FAS)

-Number 107

-Paragraph 14

-Subparagraph a

-LegacyDoc This reference is SUPERSEDED by the Accounting Standards Codification effective for interim and annual periods ending after September 15, 2009. This reference is included to help users transition from the previous accounting hierarchy and will be removed from future versions of this taxonomy.

Reference 4: http://www.xbrl.org/2003/role/presentationRef

-Publisher FASB

-Name Accounting Standards Codification

-Topic 825

-SubTopic 10

-Section 50

-Paragraph 30

-Subparagraph (a)

-URI http://asc.fasb.org/extlink&oid=6957238&loc=d3e14172-108612

Reference 5: http://www.xbrl.org/2003/role/presentationRef

-Publisher FASB

-Name Statement of Financial Accounting Standard (FAS)

-Number 107

-Paragraph 15

-Subparagraph b-d

-LegacyDoc This reference is SUPERSEDED by the Accounting Standards Codification effective for interim and annual periods ending after September 15, 2009. This reference is included to help users transition from the previous accounting hierarchy and will be removed from future versions of this taxonomy.

Reference 6: http://www.xbrl.org/2003/role/presentationRef

-Publisher FASB

-Name Accounting Standards Codification

-Topic 825

-SubTopic 10

-Section 50

-Paragraph 12

-URI http://asc.fasb.org/extlink&oid=6947722&loc=d3e13476-108611

Reference 7: http://www.xbrl.org/2003/role/presentationRef

-Publisher FASB

-Name Statement of Financial Accounting Standard (FAS)

-Number 107

-Paragraph 10

-LegacyDoc This reference is SUPERSEDED by the Accounting Standards Codification effective for interim and annual periods ending after September 15, 2009. This reference is included to help users transition from the previous accounting hierarchy and will be removed from future versions of this taxonomy.

Reference 8: http://www.xbrl.org/2003/role/presentationRef

-Publisher FASB

-Name Accounting Standards Codification

-Topic 825

-SubTopic 10

-Section 50

-Paragraph 11

-URI http://asc.fasb.org/extlink&oid=6947722&loc=d3e13467-108611

Reference 9: http://www.xbrl.org/2003/role/presentationRef

-Publisher FASB

-Name Accounting Standards Codification

-Topic 825

-SubTopic 10

-Section 45

-Paragraph 2

-URI http://asc.fasb.org/extlink&oid=6447952&loc=d3e13220-108610

Reference 10: http://www.xbrl.org/2003/role/presentationRef

-Publisher FASB

-Name Statement of Financial Accounting Standard (FAS)

-Number 159

-Paragraph 18

-Subparagraph c(2), d, e, f

-LegacyDoc This reference is SUPERSEDED by the Accounting Standards Codification effective for interim and annual periods ending after September 15, 2009. This reference is included to help users transition from the previous accounting hierarchy and will be removed from future versions of this taxonomy.

Reference 11: http://www.xbrl.org/2003/role/presentationRef

-Publisher FASB

-Name Statement of Financial Accounting Standard (FAS)

-Number 157

-Paragraph 32

-Subparagraph a, c(1), c(2), c(3), d

-LegacyDoc This reference is SUPERSEDED by the Accounting Standards Codification effective for interim and annual periods ending after September 15, 2009. This reference is included to help users transition from the previous accounting hierarchy and will be removed from future versions of this taxonomy.

Reference 12: http://www.xbrl.org/2003/role/presentationRef

-Publisher FASB

-Name Statement of Financial Accounting Standard (FAS)

-Number 159

-Paragraph 19

-Subparagraph a, b, c(1), d(1)

-LegacyDoc This reference is SUPERSEDED by the Accounting Standards Codification effective for interim and annual periods ending after September 15, 2009. This reference is included to help users transition from the previous accounting hierarchy and will be removed from future versions of this taxonomy.

+ Details