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FAIR VALUE DISCLOSURES (Tables)
9 Months Ended
Sep. 30, 2013
FAIR VALUE DISCLOSURES [Abstract]  
Assets And Liabilities Measured At Fair Value On A Recurring Basis

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

September 30, 2013

 

 

Level 1

 

Level 2

 

Level 3

 

Total

 

 

 

 

 

 

 

 

 

Assets:

 

(In thousands)

Available-for-sale securities:

 

 

 

 

 

 

 

 

U.S. Government agencies

 

$                    -

 

$    1,519,459

 

$              -

 

$    1,519,459

Government agency issued residential

 

 

 

 

 

 

 

 

mortgage-backed securities

 

 -

 

268,367 

 

 -

 

268,367 

Government agency issued commercial

 

 

 

 

 

 

 

 

mortgage-backed securities

 

 -

 

229,412 

 

 -

 

229,412 

Obligations of states and

 

 

 

 

 

 

 

 

political subdivisions

 

 -

 

528,889 

 

 -

 

528,889 

Other

 

1,048 

 

6,981 

 

 -

 

8,029 

Mortgage servicing rights

 

 -

 

 -

 

51,025 

 

51,025 

Derivative instruments

 

 -

 

 -

 

35,004 

 

35,004 

Total

 

$            1,048

 

$    2,553,108

 

$    86,029

 

$    2,640,185

Liabilities:

 

 

 

 

 

 

 

 

Derivative instruments

 

$                    -

 

$                   -

 

$    35,386

 

$         35,386

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

September 30, 2012

 

 

Level 1

 

Level 2

 

Level 3

 

Total

 

 

 

 

 

 

 

 

 

Assets:

 

(In thousands)

Available-for-sale securities:

 

 

 

 

 

 

 

 

U.S. Government agencies

 

$                    -

 

$    1,472,747

 

$              -

 

$    1,472,747

Government agency issued residential

 

 

 

 

 

 

 

 

mortgage-backed securities

 

 -

 

338,230 

 

 -

 

338,230 

Government agency issued commercial

 

 

 

 

 

 

 

 

mortgage-backed securities

 

 -

 

90,306 

 

 -

 

90,306 

Obligations of states and

 

 

 

 

 

 

 

 

political subdivisions

 

 -

 

574,559 

 

 -

 

574,559 

Other

 

672 

 

7,092 

 

 -

 

7,764 

Mortgage servicing rights

 

 -

 

 -

 

34,562 

 

34,562 

Derivative instruments

 

 -

 

 -

 

62,088 

 

62,088 

Total

 

$               672

 

$    2,482,934

 

$    96,650

 

$    2,580,256

Liabilities:

 

 

 

 

 

 

 

 

Derivative instruments

 

$                    -

 

$                   -

 

$    60,077

 

$         60,077

 

Changes In Level Three Assets And Liabilities Measured At Fair Value On A Recurring Basis

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Mortgage

 

 

 

Available-

 

 

Servicing

 

Derivative

 

for-sale

 

 

Rights

 

Instruments

 

Securities

 

 

 

 

 

 

 

 

 

(In thousands)

Balance at December 31, 2012

 

$        37,882

 

$          2,911

 

$              -

Year to date net gains (losses) included in:

 

 

 

 

 

 

Net income (loss)

 

1,037 

 

(3,293)

 

 -

Other comprehensive income

 

 -

 

 -

 

 -

Purchases, sales, issuances and settlements, net

 

12,106 

 

 -

 

 -

Transfers in and/or out of Level 3

 

 -

 

 -

 

 -

Balance at September 30, 2013

 

$        51,025

 

$             (382)

 

$              -

Net unrealized losses included in net income for the

 

 

 

 

 

 

quarter relating to assets and liabilities held at September 30, 2013

 

$             (240)

 

$          (7,245)

 

$              -

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Mortgage

 

 

 

Available-

 

 

Servicing

 

Derivative

 

for-sale

 

 

Rights

 

Instruments

 

Securities

 

 

 

 

 

 

 

 

 

(In thousands)

Balance at December 31, 2011

 

$        30,174

 

$             342

 

$              -

    Year to date net gains (losses) included in:

 

 

 

 

 

 

       Net (loss)  income

 

(8,997)

 

1,669 

 

 -

       Other comprehensive income

 

 -

 

 -

 

 -

    Purchases, sales, issuances and settlements, net

 

13,385 

 

 -

 

 -

    Transfers in and/or out of Level 3

 

 -

 

 -

 

 -

Balance at September 30, 2012

 

$        34,562

 

$          2,011

 

$              -

Net unrealized losses included in net income for the

 

 

 

 

 

 

quarter relating to assets and liabilities held at September 30, 2012

 

$          (3,206)

 

$             (811)

 

$              -

 

Assets And Liabilities Recorded At Fair Value On A Nonrecurring Basis

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

September 30, 2013

 

 

 

 

 

 

 

 

 

 

Total

 

 

Level 1

 

Level 2

 

Level 3

 

Total

 

Losses

 

 

 

 

 

 

 

 

 

 

 

Assets:

 

(In thousands)

Loans held for sale

 

$                    -

 

$     77,114

 

$               -

 

$     77,114

 

$                   -

Impaired loans

 

 -

 

 -

 

79,745 

 

79,745 

 

(3,843)

Other real estate owned

 

 -

 

 -

 

76,853 

 

76,853 

 

(20,332)

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

September 30, 2012

 

 

 

 

 

 

 

 

 

 

Total

 

 

Level 1

 

Level 2

 

Level 3

 

Total

 

Losses

 

 

 

 

 

 

 

 

 

 

 

Assets:

 

(In thousands)

Loans held for sale

 

$                    -

 

$    129,408

 

$                -

 

$    129,408

 

$                   -

Impaired loans

 

 -

 

 -

 

176,139 

 

176,139 

 

(18,205)

Other real estate owned

 

 -

 

 -

 

128,211 

 

128,211 

 

(26,216)

 

Carrying And Fair Value Information

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

September 30, 2013

 

December 31, 2012

 

 

Carrying

 

Fair

 

Carrying

 

Fair

 

 

Value

 

Value

 

Value

 

Value

 

 

 

 

 

 

 

 

 

Assets:

 

(In thousands)

Cash and due from banks

 

$      199,464

 

$      199,464

 

$      223,814

 

$      223,814

Interest bearing deposits with other banks

 

361,401 

 

361,401 

 

979,800 

 

979,800 

Available-for-sale securities

 

2,554,156 

 

2,554,156 

 

2,434,032 

 

2,434,032 

Net loans and leases

 

8,619,141 

 

8,851,004 

 

8,472,523 

 

8,546,810 

Loans held for sale

 

77,114 

 

78,143 

 

129,138 

 

129,230 

 

 

 

 

 

 

 

 

 

Liabilities:

 

 

 

 

 

 

 

 

Noninterest bearing deposits

 

2,597,762 

 

2,597,762 

 

2,545,169 

 

2,545,169 

Savings and interest bearing deposits

 

5,713,586 

 

5,713,586 

 

5,945,281 

 

5,945,281 

Other time deposits

 

2,406,598 

 

2,430,422 

 

2,597,696 

 

2,634,099 

Federal funds purchased and securities

 

 

 

 

 

 

 

 

sold under agreement to repurchase

 

 

 

 

 

 

 

 

and other short-term borrowings

 

418,623 

 

412,724 

 

414,611 

 

414,399 

Long-term debt and other borrowings

 

114,990 

 

116,433 

 

193,867 

 

205,072 

 

 

 

 

 

 

 

 

 

Derivative instruments:

 

 

 

 

 

 

 

 

Forward commitments to sell fixed rate

 

 

 

 

 

 

 

 

mortgage loans

 

(2,250)

 

(2,250)

 

(536)

 

(536)

Commitments to fund fixed rate

 

 

 

 

 

 

 

 

mortgage loans

 

2,276 

 

2,276 

 

4,081 

 

4,081 

Interest rate swap position to receive

 

32,720 

 

32,720 

 

51,517 

 

51,517 

Interest rate swap position to pay

 

(33,130)

 

(33,130)

 

(52,154)

 

(52,154)