Fair Value Of Financial Instruments

3 Months Ended

Mar. 31, 2016

Fair Value Of Financial Instruments [Abstract]

Fair Value Of Financial Instruments

Fair Value of Financial Instruments

The carrying amounts and estimated fair values of financial instruments held by the Company are set forth below. Fair value estimates are made at a specific point in time based on relevant market information. They do not reflect any premium or discount that could result from offering for sale at one time the Company’s entire holdings of a particular financial instrument. Because no market exists for many of the Company’s financial instruments, fair value estimates are based on judgments regarding future expected loss experience, risk characteristics and economic conditions. These estimates are subjective, involve uncertainties, and cannot be determined with precision. Changes in assumptions could significantly affect the estimates.

The methods and inputs used in the estimation of fair value for the financial instruments in the table below are discussed in the preceding Fair Value Measurements note and in the Fair Value of Financial Instruments note in the Company's 2015 Annual Report on Form 10-K. There have been no significant changes in these methods and inputs since December 31, 2015.

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	March 31, 2016				December 31, 2015
(In thousands)		Carrying Amount		Estimated Fair Value		Carrying Amount		Estimated Fair Value
Financial Assets
Loans:
Business	Level 3	$	4,575,081	$	4,626,980	$	4,397,893	$	4,421,237
Real estate - construction and land	Level 3	745,369		754,959		624,070		633,083
Real estate - business	Level 3	2,395,933		2,442,752		2,355,544		2,387,101
Real estate - personal	Level 3	1,903,969		1,948,143		1,915,953		1,940,863
Consumer	Level 3	1,904,320		1,907,623		1,924,365		1,916,747
Revolving home equity	Level 3	423,005		425,568		432,981		434,607
Consumer credit card	Level 3	744,364		760,353		779,744		793,428
Overdrafts	Level 3	5,829		5,829		6,142		6,142
Loans held for sale	Level 2	60,078		60,092		7,607		7,607
Investment securities:
Available for sale	Level 1	736,527		736,527		747,339		747,339
Available for sale	Level 2	8,798,443		8,798,443		9,012,470		9,012,470
Available for sale	Level 3	17,209		17,209		17,195		17,195
Trading	Level 2	23,130		23,130		11,890		11,890
Non-marketable	Level 3	117,259		117,259		112,786		112,786
Federal funds sold	Level 1	9,075		9,075		14,505		14,505
Securities purchased under agreements to resell	Level 3	825,000		832,942		875,000		879,546
Interest earning deposits with banks	Level 1	171,651		171,651		23,803		23,803
Cash and due from banks	Level 1	375,481		375,481		464,411		464,411
Derivative instruments	Level 2	26,796		26,796		12,507		12,507
Derivative instruments	Level 3	772		772		264		264
Financial Liabilities
Non-interest bearing deposits	Level 1	$	7,065,066	$	7,065,066	$	7,146,398	$	7,146,398
Savings, interest checking and money market deposits	Level 1	11,205,357		11,205,357		10,834,746		10,834,746
Time open and certificates of deposit	Level 3	2,415,886		2,414,609		1,997,709		1,993,521
Federal funds purchased	Level 1	3,885		3,885		556,970		556,970
Securities sold under agreements to repurchase	Level 3	953,503		953,589		1,406,582		1,406,670
Other borrowings	Level 3	103,806		108,456		103,818		108,542
Derivative instruments	Level 2	26,929		26,929		12,534		12,534
Derivative instruments	Level 3	266		266		195		195