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FAIR VALUE MEASURES (Tables)
 3 Months Ended
Mar. 31, 2020
Fair Value Disclosures [Abstract]  
Loans Held For Sale Fair Value
The Company's loans held for sale under the fair value option are comprised of the following:
(dollars in thousands)March 31, 2020December 31, 2019
Mortgage loans held for sale$1,396,010  $1,647,900  
SBA loans held for sale2,219  8,811  
Total loans held for sale$1,398,229  $1,656,711  
Difference Between Fair Value and Principal Balance for Mortgage Loans Held for Sale Measured at Fair Value
The following table summarizes the difference between the fair value and the principal balance for mortgage loans held for sale measured at fair value as of March 31, 2020 and December 31, 2019:
(dollars in thousands) 
March 31, 2020December 31, 2019
Aggregate fair value of mortgage loans held for sale$1,396,010  $1,647,900  
Aggregate unpaid principal balance of mortgage loans held for sale1,331,108  1,598,057  
Past-due loans of 90 days or more2,823  1,649  
Nonaccrual loans2,823  1,649  
Unpaid principal balance of nonaccrual loans2,706  1,616  
 
The following table summarizes the difference between the fair value and the principal balance for SBA loans held for sale measured at fair value as of March 31, 2020 and December 31, 2019:
(dollars in thousands) 
March 31, 2020December 31, 2019
Aggregate fair value of SBA loans held for sale$2,219  $8,811  
Aggregate unpaid principal balance of SBA loans held for sale1,987  8,206  
Past-due loans of 90 days or more—  —  
Nonaccrual loans—  —  
Fair Value Measurements of Assets and Liabilities Measured on Recurring Basis
The following table presents the fair value measurements of assets and liabilities measured at fair value on a recurring basis and the level within the fair value hierarchy in which the fair value measurements fall as of March 31, 2020 and December 31, 2019:
Recurring Basis
Fair Value Measurements
 March 31, 2020
(dollars in thousands) 
Fair ValueLevel 1Level 2Level 3
Financial assets:    
U.S. government sponsored agencies$22,711  $—  $22,711  $—  
State, county and municipal securities97,103  —  97,103  —  
Corporate debt securities52,068  —  50,568  1,500  
SBA pool securities70,275  —  70,275  —  
Mortgage-backed securities1,110,883  —  1,110,883  —  
Loans held for sale1,398,229  —  1,398,229  —  
Mortgage banking derivative instruments48,793  —  48,793  —  
Total recurring assets at fair value$2,800,062  $—  $2,798,562  $1,500  
Financial liabilities:    
Derivative financial instruments$310  $—  $310  $—  
Mortgage banking derivative instruments48,075  —  48,075  —  
Total recurring liabilities at fair value$48,385  $—  $48,385  $—  

Recurring Basis
Fair Value Measurements
 December 31, 2019
(dollars in thousands)Fair ValueLevel 1Level 2Level 3
Financial assets:    
U.S. government sponsored agencies$22,362  $—  $22,362  $—  
State, county and municipal securities105,260  —  105,260  —  
Corporate debt securities52,999  —  51,499  1,500  
SBA pool securities73,912  —  73,912  —  
Mortgage-backed securities1,148,870  —  1,148,870  —  
Loans held for sale1,656,711  —  1,656,711  —  
Mortgage banking derivative instruments7,814  —  7,814  —  
Total recurring assets at fair value$3,067,928  $—  $3,066,428  $1,500  
Financial liabilities:    
Derivative financial instruments$187  $—  $187  $—  
Mortgage banking derivative instruments4,471  —  4,471  —  
Total recurring liabilities at fair value$4,658  $—  $4,658  $—  
Summary of Fair Value Measurements of Assets Measured at Fair Value on Non-Recurring Basis
The following table presents the fair value measurements of assets measured at fair value on a non-recurring basis, as well as the general classification of such instruments pursuant to the valuation hierarchy as of March 31, 2020 and December 31, 2019:
 Nonrecurring Basis
Fair Value Measurements
(dollars in thousands)Fair ValueLevel 1Level 2Level 3
March 31, 2020    
Collateral-dependent loans$53,368  $—  $—  $53,368  
Other real estate owned2,521  —  —  2,521  
Mortgage servicing rights85,922  —  85,922  —  
SBA servicing rights5,394  —  5,394  —  
Total nonrecurring assets at fair value$147,205  $—  $91,316  $55,889  
December 31, 2019    
Impaired loans carried at fair value$43,788  $—  $—  $43,788  
Other real estate owned17,289  —  —  17,289  
Total nonrecurring assets at fair value$61,077  $—  $—  $61,077  
Summary of Significant Unobservable Inputs Used in Fair Value Measurement of Level 3 Assets and Liabilities
The following table shows significant unobservable inputs used in the fair value measurement of Level 3 assets:
(dollars in thousands)Fair ValueValuation
Technique		Unobservable InputsRange of
Discounts		Weighted
Average
Discount
March 31, 2020     
Recurring:     
Investment securities available for sale$1,500  Discounted par valuesCredit quality of underlying issuer0%0%
Nonrecurring:     
Collateral-dependent loans$53,368  Third-party appraisals and discounted cash flowsCollateral discounts and
discount rates
1% - 95%
36%
Other real estate owned$2,521  Third-party appraisals and sales contractsCollateral discounts and estimated
costs to sell
15% - 26%
22%
December 31, 2019     
Recurring:     
Investment securities available for sale$1,500  Discounted par valuesCredit quality of underlying issuer0%0%
Nonrecurring:    
Impaired loans$43,788  Third-party appraisals and discounted cash flowsCollateral discounts and
discount rates
1% - 95%
27%
Other real estate owned$17,289  Third-party appraisals and sales contractsCollateral discounts and estimated
costs to sell
9% - 89%
31%
Carrying Amount and Estimated Fair Value of Financial Instruments
The carrying amount and estimated fair value of the Company’s financial instruments, not shown elsewhere in these financial statements, were as follows.
Fair Value Measurements
  March 31, 2020
(dollars in thousands)Carrying
Amount		Level 1Level 2Level 3Total
Financial assets:     
Cash and due from banks$255,312  $255,312  $—  $—  $255,312  
Federal funds sold and interest-bearing accounts396,844  396,844  —  —  396,844  
Time deposits in other banks249  —  249  —  249  
Loans, net12,891,214  —  —  12,949,045  12,949,045  
Accrued interest receivable48,846  —  5,271  43,575  48,846  
Financial liabilities:     
Deposits13,844,618  —  13,851,760  —  13,851,760  
Securities sold under agreements to repurchase15,160  15,160  —  —  15,160  
Other borrowings1,543,371  —  1,549,322  —  1,549,322  
Subordinated deferrable interest debentures122,890  —  108,888  —  108,888  
FDIC loss-share payable18,111  —  —  18,360  18,360  
Accrued interest payable11,133  —  11,133  —  11,133  
  
Fair Value Measurements
  December 31, 2019
(dollars in thousands)Carrying
Amount		Level 1Level 2Level 3Total
Financial assets:     
Cash and due from banks$246,234  $246,234  $—  $—  $246,234  
Federal funds sold and interest-bearing accounts375,615  375,615  —  —  375,615  
Time deposits in other banks249  —  249  —  249  
Loans, net12,736,499  —  —  12,806,709  12,806,709  
Accrued interest receivable52,362  —  5,179  47,183  52,362  
Financial liabilities:     
Deposits14,027,073  —  14,035,686  —  14,035,686  
Securities sold under agreements to repurchase20,635  20,635  —  —  20,635  
Other borrowings1,398,709  —  1,402,510  —  1,402,510  
Subordinated deferrable interest debentures127,560  —  126,815  —  126,815  
FDIC loss-share payable19,642  —  —  19,657  19,657  
Accrued interest payable11,524  —  11,524  —  11,524