Fair Value Measurements (Tables)

9 Months Ended

Sep. 30, 2014

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

Assets and Liabilities Measured at Fair Value Using Significant Unobservable Inputs (Level 3)

Assets and Liabilities Measured at Fair Value
Using Significant Unobservable Inputs (Level 3)
			Investment Securities Available for Sale		Derivative Financial Instruments
($ in Thousands)			Investment Securities Available for Sale		Derivative Financial Instruments
Balance December 31, 2012			$	480	$	7,647
	Total net losses included in income:
		Mortgage derivative loss		―		(5,930)
	Total net losses included in other comprehensive income:
		Unrealized investment securities loss		(70)		―
	Sales of investment securities			(111)		―
Balance December 31, 2013			$	299	$	1,717
	Total net losses included in income:
		Mortgage derivative loss		―		(900)
	Sales of investment securities			(99)		―
Balance September 30, 2014			$	200	$	817

Assets and Liabilities Measured on Nonrecurring Basis at Fair Value

Assets and Liabilities Measured at Fair Value on a Nonrecurring Basis
				Fair Value Measurements Using
	September 30, 2014			Level 1		Level 2		Level 3
		($ in Thousands)
Assets:
Loans held for sale	$	142,097	$	―	$	142,097	$	―
Impaired loans ⁽¹⁾		83,771		―		―		83,771
Mortgage servicing rights		69,940		―		―		69,940

				Fair Value Measurements Using
	December 31, 2013			Level 1		Level 2		Level 3
		($ in Thousands)
Assets:
Loans held for sale	$	64,738	$	―	$	64,738	$	―
Impaired loans ⁽¹⁾		88,049		―		―		88,049
Mortgage servicing rights		74,444		―		―		74,444

Estimated fair values of financial instruments

		September 30, 2014
		Carrying				Fair Value Measurements Using
		Amount		Fair Value		Level 1		Level 2		Level 3
		($ in Thousands)
Financial assets:
Cash and due from banks	$	381,287	$	381,287	$	381,287	$	―	$	―
Interest-bearing deposits in other financial institutions		74,945		74,945		74,945		―		―
Federal funds sold and securities purchased under
agreements to resell		18,320		18,320		18,320		―		―
Investment securities held to maturity		301,941		307,882		―		307,882		―
Investment securities available for sale		5,345,422		5,345,422		3,662		5,341,560		200
FHLB and Federal Reserve Bank stocks		188,875		188,875		―		188,875		―
Loans held for sale		141,672		142,097		―		142,097		―
Loans, net		16,892,828		17,038,692		―		―		17,038,692
Bank owned life insurance		571,422		571,422		―		571,422		―
Accrued interest receivable		69,609		69,609		69,609		―		―
Interest rate-related instruments		31,862		31,862		―		31,862		―
Foreign currency exchange forwards		2,143		2,143		―		2,143		―
Interest rate lock commitments to originate residential
mortgage loans held for sale		1,440		1,440		―		―		1,440
Purchased options (time deposit)		6,943		6,943		―		6,943		―
Financial liabilities:
Noninterest-bearing demand, savings, interest-bearing
demand, and money market deposits	$	16,687,892	$	16,687,892	$	―	$	―	$	16,687,892
Brokered CDs and other time deposits		1,513,366		1,513,366		―		1,513,366		―
Short-term funding		1,430,180		1,430,180		―		1,430,180		―
Long-term funding		2,931,547		2,922,749		―		2,922,749		―
Accrued interest payable		1,543		1,543		1,543		―		―
Interest rate-related instruments		34,071		34,071		―		34,071		―
Foreign currency exchange forwards		1,932		1,932		―		1,932		―
Standby letters of credit ⁽¹⁾		3,526		3,526		―		3,526		―
Forward commitments to sell residential mortgage loans		623		623		―		―		623
Written options (time deposit)		6,943		6,943		―		6,943		―

		December 31, 2013
		Carrying				Fair Value Measurements Using
		Amount		Fair Value		Level 1		Level 2		Level 3
		($ in Thousands)
Financial assets:
Cash and due from banks	$	455,482	$	455,482	$	455,482	$	―	$	―
Interest-bearing deposits in other financial institutions		126,018		126,018		126,018		―		―
Federal funds sold and securities purchased under
agreements to resell		20,745		20,745		20,745		―		―
Investment securities held to maturity		175,210		169,889		―		169,889		―
Investment securities available for sale		5,250,585		5,250,585		4,240		5,246,046		299
FHLB and Federal Reserve Bank stocks		181,249		181,249		―		181,249		―
Loans held for sale		64,738		64,738		―		64,738		―
Loans, net		15,627,946		15,599,094		―		―		15,599,094
Bank owned life insurance		568,413		568,413		―		568,413		―
Accrued interest receivable		66,308		66,308		66,308		―		―
Interest rate-related instruments		42,980		42,980		―		42,980		―
Foreign currency exchange forwards		748		748		―		748		―
Interest rate lock commitments to originate residential
mortgage loans held for sale		416		416		―		―		416
Forward commitments to sell residential mortgage loans		1,301		1,301		―		―		1,301
Purchased options (time deposit)		7,328		7,328		―		7,328		―
Financial liabilities:
Noninterest-bearing demand, savings, interest-bearing
demand, and money market deposits	$	15,581,971	$	15,581,971	$	―	$	―	$	15,581,971
Brokered CDs and other time deposits		1,685,196		1,687,198		―		1,687,198		―
Short-term funding		740,926		740,926		―		740,926		―
Long-term funding		3,087,267		3,085,893		―		3,085,893		―
Accrued interest payable		7,994		7,994		7,994		―		―
Interest rate-related instruments		45,815		45,815		―		45,815		―
Foreign currency exchange forwards		655		655		―		655		―
Standby letters of credit ⁽¹⁾		3,754		3,754		―		3,754		―
Written options (time deposit)		7,328		7,328		―		7,328		―

Fair Value, Measurements, Recurring [Member]

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

Assets and Liabilities Measured on Recurring Basis at Fair Value

Assets and Liabilities Measured at Fair Value on a Recurring Basis
					Fair Value Measurements Using
		September 30, 2014			Level 1		Level 2		Level 3
			($ in Thousands)
Assets:
Investment securities available for sale:
U.S. Treasury securities		$	996	$	996	$	―	$	―
Obligations of state and political subdivisions (municipal securities)			614,436		―		614,436		―
Residential mortgage-related securities:
	Government-sponsored enterprise (GSE)		3,741,040		―		3,741,040		―
	Private-label		2,482		―		2,482		―
GNMA commercial mortgage-related securities			980,602		―		980,602		―
Other securities (debt and equity)			5,866		2,666		3,000		200
	Total investment securities available for sale	$	5,345,422	$	3,662	$	5,341,560	$	200
Derivatives (trading and other assets)		$	42,388	$	―	$	40,948	$	1,440
Liabilities:
Derivatives (trading and other liabilities)		$	43,569	$	―	$	42,946	$	623

					Fair Value Measurements Using
		December 31, 2013			Level 1		Level 2		Level 3
			($ in Thousands)
Assets:
Investment securities available for sale:
U.S. Treasury securities		$	1,002	$	1,002	$	―	$	―
Obligations of state and political subdivisions (municipal securities)			676,080		―		676,080		―
Residential mortgage-related securities:
	Government-sponsored enterprise (GSE)		3,838,430		―		3,838,430		―
	Private-label		3,014		―		3,014		―
GNMA commercial mortgage-related securities			647,477		―		647,477		―
Asset-backed securities			23,059		―		23,059		―
Other securities (debt and equity)			61,523		3,238		57,986		299
	Total investment securities available for sale	$	5,250,585	$	4,240	$	5,246,046	$	299
Derivatives (trading and other assets)		$	52,773	$	―	$	51,056	$	1,717
Liabilities:
Derivatives (trading and other liabilities)		$	53,798	$	―	$	53,798	$	―

- Definition

Tabular disclosure of the fair value measurement of assets using significant unobservable inputs (Level 3), a reconciliation of the beginning and ending balances, separately presenting changes during the period attributable to the following: (1) total gains or losses for the period (realized and unrealized), segregating those gains or losses included in earnings (or changes in net assets) and gains or losses recognized in other comprehensive income (loss), and a description of where those gains or losses included in earnings (or changes in net assets) are reported in the statement of income (or activities); (2) purchases, sales, issues, and settlements (each type disclosed separately); and (3) transfers in and transfers out of Level 3 (for example, transfers due to changes in the observability of significant inputs), by class of asset.

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- 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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