Fair Values of Assets and Liabilities (Tables)

6 Months Ended

Jun. 30, 2012

Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]

Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation

The following tables present a reconciliation of all assets and liabilities measured at fair value on a recurring basis using significant unobservable inputs (Level 3) during the periods indicated.

	Fair Value Measurements Using Significant
	Unobservable Inputs (Level 3)
	Mortgage Servicing Rights
(dollars in thousands)	Three Months Ended June 30,
	2012		2011
Beginning balance at April 1,	$	—	$	—
Total gains or losses (realized/unrealized):
Included in earnings	25		—
Purchases, issuances and settlements	—		—
Servicing rights sold	—		—
Ending balance at June 30,	$	25	$	—

	Fair Value Measurements Using Significant
	Unobservable Inputs (Level 3)
	Mortgage Servicing Rights
(dollars in thousands)	Six Months Ended June 30,
	2012		2011
Beginning balance at January 1,	$	—	$	2,359
Total gains or losses (realized/unrealized):
Included in earnings	25		(117		)
Purchases, issuances and settlements	—		—
Servicing rights sold	—		(2,242		)
Ending balance at June 30,	$	25	$	—

Fair Value Measurements, Recurring and Nonrecurring, Valuation Techniques

(dollars in thousands)	Fair Value at June 30, 2012		Valuation Techniques	Unobservable Input	Range
Nonrecurring measurements:
Impaired loans, net	$	32,054	Discounted appraisals	Collateral discounts	6.00%-40.00%
Other real estate owned	50,126		Discounted appraisals	Collateral discounts	6.00%-40.00%
Mortgage servicing rights	25		Discounted cash flows	Prepayment rate	10.00% - 30.00%
Mortgage servicing rights				Discount rate	4.00% - 12.00%

Continuing operations [Member]

Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]

Schedule of Fair Value, Assets and Liabilities Measured on Recurring Basis

Assets and liabilities carried at fair value on a recurring basis at June 30, 2012 for continuing operations, including financial instruments that FNB accounts for under the fair value option, are summarized in the following table:

(dollars in thousands)	Total		Level 1		Level 2		Level 3
Assets:
Loans held for sale	$	1,324	$	—	$	1,324	$	—
Available-for-sale debt securities:
U.S. Treasury and government agencies	7,096		—		7,096		—
U.S. government sponsored agencies	3,616		—		3,616		—
States and political subdivisions	6,066		—		6,066		—
Residential mortgage-backed securities-GSE	385,502		—		385,502		—
Residential mortgage-backed securities-Private	32,680		—		32,680		—
Commercial mortgage-backed securities-Private	5,339		—		5,339		—
Corporate notes	36,837		—		36,837		—
Total available-for-sale debt securities	477,136		—		477,136		—
Mortgage servicing rights	25		—		—		25
Total assets at fair value from continuing operations	$	477,161	$	—	$	477,136	$	25

Assets and liabilities carried at fair value on a recurring basis at December 31, 2011 for continuing operations, including financial instruments that FNB accounts for under the fair value option, are summarized in the following table:

(dollars in thousands)	Total		Level 1		Level 2		Level 3
Assets:
Available-for-sale debt securities:
U.S. Treasury and government agencies	$	7,188	$	—	$	7,188	$	—
U.S. government sponsored agencies	32,364		—		32,364		—
States and political subdivisions	6,090		—		6,090		—
Residential mortgage-backed securities-GSE	350,273		—		350,273		—
Residential mortgage-backed securities-Private	32,217		—		32,217		—
Corporate notes	3,174		—		3,174		—
Total available-for-sale debt securities	431,306		—		431,306		—
Total assets at fair value from continuing operations	$	431,306	$	—	$	431,306	$	—

Fair Value Measurements, Nonrecurring

Assets measured at fair value on a nonrecurring basis are included in the following table at June 30, 2012 for continuing operations:

(dollars in thousands)	Total		Level 1		Level 2		Level 3
Impaired loans, net	$	32,054	—		—		$	32,054
Other real estate owned	50,126		—		—		50,126
Total assets at fair value from continuing operations	$	82,180	$	—	$	—	$	82,180

Subsequent to their initial recognition at fair value during the quarter ended December 31, 2011, purchased impaired loans and purchased contractual loans are no longer recorded at their fair value and therefore these loans are not included in the above table of assets measured at fair value on a nonrecurring basis at June 30, 2012.

Assets measured at fair value on a nonrecurring basis are included in the following table at December 31, 2011 for continuing operations:

(dollars in thousands)	Total		Level 1		Level 2		Level 3
Loans held for sale	$	4,529	$	—	$	4,529	$	—
Impaired loans, net	31,266		—		—		31,266
Purchased impaired loans	308,594		—		—		308,594
Purchased contractual loans	65,283		—		—		65,283
Other real estate owned	84,794		—		—		84,794
Total assets at fair value from continuing operations	$	494,466	$	—	$	4,529	$	489,937

Fair Value, by Balance Sheet Grouping

The estimated fair values of financial instruments for continuing operations are as follows at the periods indicated.

	At June 30, 2012
(dollars in thousands)	Carrying Value		Estimated Fair Value		Level 1		Level 2		Level 3
Financial Assets of Continuing Operations:
Cash and cash equivalents	$	363,879	$	363,879	$	363,879	$	—	—
Investment securities: Available-for-sale	477,136		477,136		—		477,136		—
Loans held for sale	1,324		1,324		—		1,324		—
Loans, net	1,243,272		1,235,426		—		—		1,235,426
Accrued interest receivable	6,143		6,143		—		6,143		—
Financial Liabilities of Continuing Operations:
Deposits	2,041,770		2,047,053		—		2,047,053		—
Retail repurchase agreements	11,455		11,455		—		11,455		—
Federal Home Loan Bank advances	58,350		63,157		—		63,157		—
Junior subordinated debentures	56,702		36,728		—		—		36,728
Accrued interest payable	1,782		1,782		—		1,782		—

	At December 31, 2011
(dollars in thousands)	Carrying Value		Estimated Fair Value		Level 1		Level 2		Level 3
Financial Assets of Continuing Operations:
Cash and cash equivalents	$	553,416	$	553,416	$	553,416	$	—	$	—
Investment securities: Available-for-sale	431,306		431,306		—		431,306		—
Loans held for sale	4,529		4,529		—		4,529		—
Loans, net	1,178,175		1,176,795		—		—		1,176,795
Accrued interest receivable	5,919		5,919		—		5,919		—
Financial Liabilities of Continuing Operations:
Deposits	2,129,111		2,139,093		—		2,139,093		—
Retail repurchase agreements	8,838		8,838		—		8,838		—
Federal Home Loan Bank advances	58,370		62,555		—		62,555		—
Junior subordinated debentures	56,702		36,218		—		—		36,218
Accrued interest payable	1,654		1,654		—		1,654		—

Discontinued operations [Member]

Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]

Fair Value Measurements, Nonrecurring

Assets measured at fair value on a nonrecurring basis are included in the following table at December 31, 2011 for discontinued operations:

(dollars in thousands)	Total		Level 1		Level 2		Level 3
Loans held for sale	$	233	$	—	$	233	$	—
Total assets at fair value from discontinued operations	$	233	$	—	$	233	$	—

Fair Value, by Balance Sheet Grouping

The estimated fair values of financial instruments for discontinued operations are as follows:

	As of June 30, 2012				As of December 31, 2011
(dollars in thousands)	Carrying Value		Estimated Fair Value		Carrying Value		Estimated Fair Value
Financial Assets of Discontinued Operations	$	—	$	—	$	233	$	233
Financial Liabilities of Discontinued Operations	—		—		—		—