Fair Values Measurements and Fair Value of Financial Instruments (Tables)

6 Months Ended

Jun. 30, 2015

Fair Value Measurements and Fair Value of Financial Instruments [Abstract]

Fair Value of Financial Assets and Liabilities Measured on a Recurring Basis

The following tables set forth the Company's financial assets and liabilities measured on a recurring basis that were accounted for at fair value.  Assets and liabilities are classified in their entirety based on the lowest level of input that is significant to the fair value measurement (in thousands):

June 30, 2015:

	Quoted Prices in Active Markets for Identical Assets (Level 1)		Significant Other Observable Inputs (Level 2)		Significant Unobservable Inputs (Level 3)		Balance as of June 30, 2015
Assets:
Securities Available for Sale:
U.S. Treasury	$	10,014	$	-	$	-	$	10,014
Federal Agency		-		396,923		-		396,923
State & municipal		-		30,360		-		30,360
Mortgage-backed		-		354,829		-		354,829
Collateralized mortgage obligations		-		321,523		-		321,523
Other securities		7,740		7,860		-		15,600
Total Securities Available for Sale	$	17,754	$	1,111,495	$	-	$	1,129,249
Trading Securities		8,468		-		-		8,468
Interest Rate Swaps		-		4,703		-		4,703
Total	$	26,222	$	1,116,198	$	-	$	1,142,420
Liabilities:
Interest Rate Swaps	$	-	$	4,703	$	-	$	4,703
Total	$	-	$	4,703	$	-	$	4,703

December 31, 2014:

	Quoted Prices in Active Markets for Identical Assets (Level 1)		Significant Other Observable Inputs (Level 2)		Significant Unobservable Inputs (Level 3)		Balanceas of December 31, 2014
Assets:
Securities Available for Sale:
U.S. Treasury	$	23,111	$	-	$	-	$	23,111
Federal Agency		-		329,914		-		329,914
State & municipal		-		37,570		-		37,570
Mortgage-backed		-		364,727		-		364,727
Collateralized mortgage obligations		-		242,129		-		242,129
Other securities		7,612		8,108		-		15,720
Total Securities Available for Sale	$	30,723	$	982,448	$	-	$	1,013,171
Trading Securities		7,793		-		-		7,793
Interest Rate Swaps		-		4,707		-		4,707
Total	$	38,516	$	987,155	$	-	$	1,025,671
Liabilities:
Interest Rate Swaps	$	-	$	4,707	$	-	$	4,707
Total	$	-	$	4,707	$	-	$	4,707

Fair Value of Financial Instruments By Balance Sheet Grouping

The following table sets forth information with regard to estimated fair values of financial instruments at June 30, 2015 and December 31, 2014.  This table excludes financial instruments for which the carrying amount approximates fair value.  Financial instruments for which the fair value approximates carrying value include cash and cash equivalents, securities available for sale, trading securities, accrued interest receivable, non-maturity deposits, short-term borrowings, accrued interest payable, and interest rate swaps.

		June 30, 2015				December 31, 2014
(In thousands)	Fair Value Hierarchy	Carrying amount		Estimated fair value		Carrying amount		Estimated fair value
Financial assets
Securities held to maturity	2	$	454,312	$	454,255	$	454,361	$	454,994
Net loans	3		5,705,929		5,728,903		5,528,912		5,584,777
Financial liabilities
Time deposits	2	$	948,154	$	942,611	$	1,043,823	$	1,038,877
Long-term debt	2		130,705		132,559		130,945		132,562
Junior subordinated debt	2		101,196		95,977		101,196		103,770