FAIR VALUE DISCLOSURES (Tables)

3 Months Ended

Mar. 31, 2014

Schedule of Fair Value, Assets and Liabilities Measured on Recurring Basis [Table Text Block]

Assets and liabilities measured at fair value on a recurring basis as of March 31, 2014 and December 31, 2013 are reflected in the following table:



	Fair Value Measurements
	Level 1		Level 2	Level 3	Fair Value
	(dollars expressed in thousands)
March 31, 2014:
Assets:
Available-for-sale investment securities:
U.S. Government sponsored agencies	$	—	195,094	—	195,094
Residential mortgage-backed	—		1,003,445	—	1,003,445
Commercial mortgage-backed	—		851	—	851
State and political subdivisions	—		31,340	—	31,340
Corporate notes	—		175,751	—	175,751
Equity investments	1,691		—	—	1,691
Mortgage loans held for sale	—		21,402	—	21,402
Derivative instruments:
Interest rate lock commitments	—		332	—	332
Forward commitments to sell mortgage-backed securities	—		14	—	14
Servicing rights	—		—	19,077	19,077
Total	$	1,691	1,428,229	19,077	1,448,997
Liabilities:
Nonqualified deferred compensation plan	$	6,294	—	—	6,294
Total	$	6,294	—	—	6,294
December 31, 2013:
Assets:
Available-for-sale investment securities:
U.S. Government sponsored agencies	$	—	275,899	—	275,899
Residential mortgage-backed	—		1,105,787	—	1,105,787
Commercial mortgage-backed	—		856	—	856
State and political subdivisions	—		31,557	—	31,557
Corporate notes	—		196,203	—	196,203
Equity investments	1,443		—	—	1,443
Mortgage loans held for sale	—		25,548	—	25,548
Derivative instruments:
Interest rate lock commitments	—		217	—	217
Forward commitments to sell mortgage-backed securities	—		296	—	296
Servicing rights	—		—	18,854	18,854
Total	$	1,443	1,636,363	18,854	1,656,660
Liabilities:
Nonqualified deferred compensation plan	$	6,641	—	—	6,641
Total	$	6,641	—	—	6,641

Schedule Of Servicing Assets At Fair Value Measured At Level 3 On Recurring Basis [Table Text Block]

The following table presents the changes in Level 3 assets measured on a recurring basis for the three months ended March 31, 2014 and 2013:



	Servicing Rights
	Three Months Ended
	March 31,
	2014			2013
	(dollars expressed in thousands)
Balance, beginning of period	$	18,854		14,792
Total gains or losses (realized/unrealized):
Included in earnings ⁽¹⁾	(232		)	154
Included in other comprehensive income	—			—
Issuances	455			1,229
Transfers in and/or out of level 3	—			—
Balance, end of period	$	19,077		16,175

____________________


(1)	Gains or losses (realized/unrealized) are included in noninterest income in the consolidated statements of income.

Fair Value Measurements, Nonrecurring [Table Text Block]

Assets measured at fair value on a nonrecurring basis as of March 31, 2014 and December 31, 2013 are reflected in the following table:



	Fair Value Measurements
	Level 1		Level 2	Level 3	Fair Value
	(dollars expressed in thousands)
March 31, 2014:
Assets:
Impaired loans:
Commercial, financial and agricultural	$	—	—	12,345	12,345
Real estate construction and development	—		—	4,400	4,400
Real estate mortgage:
Residential mortgage	—		—	89,292	89,292
Home equity	—		—	5,678	5,678
Multi-family residential	—		—	27,132	27,132
Commercial real estate	—		—	12,321	12,321
Consumer and installment	—		—	13	13
Other real estate	—		—	61,485	61,485
Total	$	—	—	212,666	212,666
December 31, 2013:
Assets:
Impaired loans:
Commercial, financial and agricultural	$	—	—	10,026	10,026
Real estate construction and development	—		—	4,620	4,620
Real estate mortgage:
Residential mortgage	—		—	88,476	88,476
Home equity	—		—	5,889	5,889
Multi-family residential	—		—	27,310	27,310
Commercial real estate	—		—	11,812	11,812
Consumer and installment	—		—	19	19
Other real estate	—		—	66,702	66,702
Total	$	—	—	214,854	214,854

Fair Value, by Balance Sheet Grouping [Table Text Block]

The estimated fair value of the Company’s financial instruments at March 31, 2014 was as follows:



	March 31, 2014
	Carrying Value			Estimated Fair Value
	Carrying Value			Level 1	Level 2	Level 3		Total
	(dollars expressed in thousands)
Financial Assets:
Cash and cash equivalents	$	341,235		341,235	—	—		341,235
Investment securities:
Available for sale	1,408,172			1,691	1,406,481	—		1,408,172
Held to maturity	718,672			—	704,977	—		704,977
Loans held for portfolio	2,789,748			—	—	2,683,895		2,683,895
Loans held for sale	21,402			—	21,402	—		21,402
FRB and FHLB stock	32,148			32,148	—	—		32,148
Derivative instruments	346			—	346	—		346
Accrued interest receivable	16,087			16,087	—	—		16,087
Financial Liabilities:
Deposits:
Noninterest-bearing demand	$	1,273,662		1,273,662	—	—		1,273,662
Interest-bearing demand	699,158			699,158	—	—		699,158
Savings and money market	1,841,905			1,841,905	—	—		1,841,905
Time deposits	1,027,706			—	—	1,027,869		1,027,869
Securities sold under agreements to repurchase	36,713			36,713	—	—		36,713
Accrued interest payable	656			656	—	—		656
Subordinated debentures	354,229			—	—	287,981		287,981
Off-Balance Sheet Financial Instruments:
Commitments to extend credit, standby letters of credit and financial guarantees	$	(2,715	)	—	—	(2,715	)	(2,715	)

The estimated fair value of the Company’s financial instruments at December 31, 2013 was as follows:



	December 31, 2013
	Carrying Value			Estimated Fair Value
	Carrying Value			Level 1	Level 2	Level 3		Total
	(dollars expressed in thousands)
Financial Assets:
Cash and cash equivalents	$	190,435		190,435	—	—		190,435
Investment securities:
Available for sale	1,611,745			1,443	1,610,302	—		1,611,745
Held to maturity	740,186			—	719,183	—		719,183
Loans held for portfolio	2,750,514			—	—	2,562,160		2,562,160
Loans held for sale	25,548			—	25,548	—		25,548
FRB and FHLB stock	27,357			27,357	—	—		27,357
Derivative instruments	513			—	513	—		513
Accrued interest receivable	17,798			17,798	—	—		17,798
Financial Liabilities:
Deposits:
Noninterest-bearing demand	$	1,243,545		1,243,545	—	—		1,243,545
Interest-bearing demand	679,527			679,527	—	—		679,527
Savings and money market	1,844,710			1,844,710	—	—		1,844,710
Time deposits	1,046,113			—	—	1,046,485		1,046,485
Securities sold under agreements to repurchase	43,143			43,143	—	—		43,143
Accrued interest payable	63,341			63,341	—	—		63,341
Subordinated debentures	354,210			—	—	242,678		242,678
Off-Balance Sheet Financial Instruments:
Commitments to extend credit, standby letters of credit and financial guarantees	$	(2,715	)	—	—	(2,715	)	(2,715	)

- Definition

Tabular disclosure of the fair value of financial instruments, including financial assets and financial liabilities, and the measurements of those instruments, assets, and liabilities.

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