Schedule Of Estimated Fair Value Of Financial Instruments |
The estimated fair values of the Company’s financial instruments and the classification of their fair value measurement within the valuation hierarchy are as follows: | | | | | | | | | | | | | | | | | Fair Value Hierarchy Level | September 30, 2014 | | December 31, 2013 |
(In thousands) | Carrying Amount | Estimated Fair Value | | Carrying Amount | Estimated Fair Value | Financial Assets | | | | | | | Loans: | | | | | | | Business | Level 3 | $ | 4,021,148 |
| $ | 4,028,685 |
| | $ | 3,715,319 |
| $ | 3,723,263 |
| Real estate - construction and land | Level 3 | 392,015 |
| 396,235 |
| | 406,197 |
| 410,022 |
| Real estate - business | Level 3 | 2,306,849 |
| 2,331,049 |
| | 2,313,550 |
| 2,345,124 |
| Real estate - personal | Level 3 | 1,854,668 |
| 1,900,822 |
| | 1,787,626 |
| 1,802,364 |
| Consumer | Level 3 | 1,665,217 |
| 1,659,793 |
| | 1,512,716 |
| 1,519,830 |
| Revolving home equity | Level 3 | 436,747 |
| 439,529 |
| | 420,589 |
| 424,811 |
| Consumer credit card | Level 3 | 763,824 |
| 774,236 |
| | 796,228 |
| 811,550 |
| Overdrafts | Level 3 | 5,247 |
| 5,247 |
| | 4,611 |
| 4,611 |
| Investment securities: | | | | | | | Available for sale | Level 1 | 533,061 |
| 533,061 |
| | 530,342 |
| 530,342 |
| Available for sale | Level 2 | 8,214,126 |
| 8,214,126 |
| | 8,257,614 |
| 8,257,614 |
| Available for sale | Level 3 | 131,227 |
| 131,227 |
| | 127,724 |
| 127,724 |
| Trading | Level 2 | 16,510 |
| 16,510 |
| | 19,993 |
| 19,993 |
| Non-marketable | Level 3 | 101,705 |
| 101,705 |
| | 107,324 |
| 107,324 |
| Federal funds sold | Level 1 | 37,760 |
| 37,760 |
| | 43,845 |
| 43,845 |
| Securities purchased under agreements to resell | Level 3 | 900,000 |
| 898,283 |
| | 1,150,000 |
| 1,149,625 |
| Interest earning deposits with banks | Level 1 | 239,429 |
| 239,429 |
| | 707,249 |
| 707,249 |
| Cash and due from banks | Level 1 | 445,268 |
| 445,268 |
| | 518,420 |
| 518,420 |
| Derivative instruments | Level 2 | 11,014 |
| 11,014 |
| | 12,976 |
| 12,976 |
| Derivative instruments | Level 3 | 3 |
| 3 |
| | 4 |
| 4 |
| Financial Liabilities | | | | | | | Non-interest bearing deposits | Level 1 | $ | 6,446,704 |
| $ | 6,446,704 |
| | $ | 6,750,674 |
| $ | 6,750,674 |
| Savings, interest checking and money market deposits | Level 1 | 9,977,055 |
| 9,977,055 |
| | 10,108,236 | 10,108,236 | Time open and certificates of deposit | Level 3 | 2,162,879 |
| 2,161,876 |
| | 2,188,438 |
| 2,190,610 |
| Federal funds purchased | Level 1 | 4,295 |
| 4,295 |
| | 24,795 |
| 24,795 |
| Securities sold under agreements to repurchase | Level 3 | 1,390,865 |
| 1,390,894 |
| | 1,321,763 |
| 1,321,633 |
| Other borrowings | Level 3 | 105,077 |
| 112,468 |
| | 107,310 |
| 116,843 |
| Derivative instruments | Level 2 | 10,954 |
| 10,954 |
| | 13,260 |
| 13,260 |
| Derivative instruments | Level 3 | 171 |
| 171 |
| | 69 |
| 69 |
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