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FAIR VALUE DISCLOSURES (Tables)
3 Months Ended
Mar. 31, 2015
FAIR VALUE DISCLOSURES [Abstract]  
Assets And Liabilities Measured At Fair Value On A Recurring Basis

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

March 31, 2015

 

 

Level 1

 

Level 2

 

Level 3

 

Total

 

 

 

 

 

 

 

 

 

Assets:

 

(In thousands)

Available-for-sale securities:

 

 

 

 

 

 

 

 

U.S. Government agencies

 

$                    -

 

$    1,286,981

 

$              -

 

$    1,286,981

Government agency issued residential

 

 

 

 

 

 

 

 

mortgage-backed securities

 

 -

 

200,381 

 

 -

 

200,381 

Government agency issued commercial

 

 

 

 

 

 

 

 

mortgage-backed securities

 

 -

 

227,409 

 

 -

 

227,409 

Obligations of states and

 

 

 

 

 

 

 

 

political subdivisions

 

 -

 

471,539 

 

 -

 

471,539 

Other

 

1,214 

 

6,849 

 

 -

 

8,063 

Mortgage servicing rights

 

 -

 

 -

 

49,190 

 

49,190 

Derivative instruments

 

 -

 

 -

 

27,145 

 

27,145 

Loans held for sale

 

 -

 

186,510 

 

 -

 

186,510 

Total

 

$            1,214

 

$    2,379,669

 

$    76,335

 

$    2,457,218

Liabilities:

 

 

 

 

 

 

 

 

Derivative instruments

 

$                    -

 

$                   -

 

$    23,724

 

$         23,724

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

March 31, 2014

 

 

Level 1

 

Level 2

 

Level 3

 

Total

 

 

 

 

 

 

 

 

 

Assets:

 

(In thousands)

Available-for-sale securities:

 

 

 

 

 

 

 

 

U.S. Government agencies

 

$                    -

 

$    1,419,269

 

$              -

 

$    1,419,269

Government agency issued residential

 

 

 

 

 

 

 

 

mortgage-backed securities

 

 -

 

241,596 

 

 -

 

241,596 

Government agency issued commercial

 

 

 

 

 

 

 

 

mortgage-backed securities

 

 -

 

234,059 

 

 -

 

234,059 

Obligations of states and

 

 

 

 

 

 

 

 

political subdivisions

 

 -

 

523,811 

 

 -

 

523,811 

Other

 

1,029 

 

6,994 

 

 -

 

8,023 

Mortgage servicing rights

 

 -

 

 -

 

53,436 

 

53,436 

Derivative instruments

 

 -

 

 -

 

27,859 

 

27,859 

Total

 

$            1,029

 

$    2,425,729

 

$    81,295

 

$    2,508,053

Liabilities:

 

 

 

 

 

 

 

 

Derivative instruments

 

$                    -

 

$                   -

 

$    27,244

 

$         27,244

 

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, 2014

 

$        51,296

 

$             623

 

$              -

Year to date net gains included in:

 

 

 

 

 

 

Net (loss) gain

 

(4,605)

 

2,798 

 

 -

Other comprehensive income

 

 -

 

 -

 

 -

Additions

 

2,499 

 

 -

 

 -

Transfers in and/or out of Level 3

 

 -

 

 -

 

 -

Balance at March 31, 2015

 

$        49,190

 

$          3,421

 

$              -

Net unrealized (losses) gains included in net income for the

 

 

 

 

 

 

quarter relating to assets and liabilities held at March 31, 2015

 

$          (3,039)

 

$          2,798

 

$              -

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Mortgage

 

 

 

Available-

 

 

Servicing

 

Derivative

 

for-sale

 

 

Rights

 

Instruments

 

Securities

 

 

 

 

 

 

 

 

 

(In thousands)

Balance at December 31, 2013

 

$        54,662

 

$             878

 

$              -

Year to date net gains (losses) included in:

 

 

 

 

 

 

Net gain (loss)

 

(2,686)

 

(263)

 

 -

Other comprehensive income

 

 -

 

 -

 

 -

Additions

 

1,460 

 

 -

 

 -

Transfers in and/or out of Level 3

 

 -

 

 -

 

 -

Balance at March 31, 2014

 

$        53,436

 

$             615

 

$              -

Net unrealized losses included in net income for the

 

 

 

 

 

 

quarter relating to assets and liabilities held at March 31, 2014

 

$          (1,547)

 

$             (263)

 

$              -

 

Assets And Liabilities Recorded At Fair Value On A Nonrecurring Basis

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

March 31, 2015

 

 

 

 

 

 

 

 

 

 

Total

 

 

Level 1

 

Level 2

 

Level 3

 

Total

 

Losses

 

 

 

 

 

 

 

 

 

 

 

Assets:

 

(In thousands)

Impaired loans

 

$                    -

 

$              -

 

$    24,837

 

24,837 

 

$              (388)

Other real estate owned

 

 -

 

 -

 

27,889 

 

27,889 

 

(11,725)

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

March 31, 2014

 

 

 

 

 

 

 

 

 

 

Total

 

 

Level 1

 

Level 2

 

Level 3

 

Total

 

Losses

 

 

 

 

 

 

 

 

 

 

 

Assets:

 

(In thousands)

Loans held for sale

 

$                    -

 

$     62,867

 

$               -

 

62,867 

 

$                   -

Impaired loans

 

 -

 

 -

 

41,466 

 

41,466 

 

(1,588)

Other real estate owned

 

 -

 

 -

 

63,595 

 

63,595 

 

(17,730)

 

Carrying And Fair Value Information

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

March 31, 2015

 

December 31, 2014

 

 

Carrying

 

Fair

 

Carrying

 

Fair

 

 

Value

 

Value

 

Value

 

Value

 

 

 

 

 

 

 

 

 

Assets:

 

(In thousands)

Cash and due from banks

 

$      199,337

 

$      199,337

 

$      204,231

 

$      204,231

Interest bearing deposits with other banks

 

360,469 

 

360,469 

 

153,019 

 

153,019 

Available-for-sale securities

 

2,194,373 

 

2,194,373 

 

2,156,927 

 

2,156,927 

Net loans and leases

 

9,590,310 

 

10,026,808 

 

9,570,493 

 

10,066,945 

Loans held for sale

 

186,510 

 

186,510 

 

141,015 

 

141,015 

 

 

 

 

 

 

 

 

 

Liabilities:

 

 

 

 

 

 

 

 

Noninterest bearing deposits

 

2,914,949 

 

2,914,949 

 

2,778,686 

 

2,778,686 

Savings and interest bearing deposits

 

6,375,567 

 

6,375,567 

 

6,200,017 

 

6,200,017 

Other time deposits

 

1,962,138 

 

1,976,830 

 

1,993,636 

 

2,005,023 

Federal funds purchased and securities

 

 

 

 

 

 

 

 

sold under agreement to repurchase

 

 

 

 

 

 

 

 

and other short-term borrowings

 

386,329 

 

386,370 

 

391,666 

 

391,743 

Long-term debt and other borrowings

 

99,274 

 

105,643 

 

101,372 

 

106,218 

 

 

 

 

 

 

 

 

 

Derivative instruments:

 

 

 

 

 

 

 

 

Forward commitments to sell fixed rate

 

 

 

 

 

 

 

 

mortgage loans

 

(1,469)

 

(1,469)

 

(1,163)

 

(1,163)

Commitments to fund fixed rate

 

 

 

 

 

 

 

 

mortgage loans

 

5,241 

 

5,241 

 

2,137 

 

2,137 

Interest rate swap position to receive

 

21,827 

 

21,827 

 

21,653 

 

21,653 

Interest rate swap position to pay

 

(22,178)

 

(22,178)

 

(22,004)

 

(22,004)