Fair Values of Financial Instruments (Tables)

12 Months Ended

Dec. 31, 2016

Fair Values of Financial Instruments [Abstract]

Fair value of financial assets and liabilities measured on a recurring basis

The following table sets forth the Company’s financial assets and liabilities measured on a recurring basis that were accounted for at fair value as of December 31, 2016 and December 31, 2015.  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)	Level 1		Level 2		Level 3		December 31, 2016
Assets:
AFS securities:
Federal agency	$	-	$	174,408	$	-	$	174,408
State & municipal		-		46,726		-		46,726
Mortgage-backed		-		529,844		-		529,844
Collateralized mortgage obligations		-		566,573		-		566,573
Other securities		11,493		9,246		-		20,739
Total AFS securities	$	11,493	$	1,326,797	$	-	$	1,338,290
Trading securities		9,259		-		-		9,259
Interest rate swaps		-		3,210		-		3,210
Total	$	20,752	$	1,330,007	$	-	$	1,350,759
Liabilities:
Interest rate swaps	$	-	$	506	$	-	$	506
Total	$	-	$	506	$	-	$	506

(In thousands)	Level 1		Level 2		Level 3		December 31, 2015
Assets:
AFS securities:
Federal agency	$	-	$	311,272	$	-	$	311,272
State & municipal		-		31,637		-		31,637
Mortgage-backed		-		409,896		-		409,896
Collateralized mortgage obligations		-		404,971		-		404,971
Other securities		7,526		9,242		-		16,768
Total AFS securities	$	7,526	$	1,167,018	$	-	$	1,174,544
Trading securities		8,377		-		-		8,377
Interest rate swaps		-		6,224		-		6,224
Total	$	15,903	$	1,173,242	$	-	$	1,189,145
Liabilities:
Interest rate swaps	$	-	$	6,224	$	-	$	6,224
Total	$	-	$	6,224	$	-	$	6,224

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 December 31, 2016 and December 31, 2015.  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.

		December 31, 2016				December 31, 2015
(In thousands)	Fair Value Hierarchy	Carrying amount		Estimated fair value		Carrying amount		Estimated fair value
Financial assets:
HTM securities	2	$	527,948	$	525,050	$	471,031	$	473,140
Net loans	3		6,132,857		6,273,233		5,820,115		5,958,427
Financial liabilities:
Time deposits	2	$	872,411	$	868,153	$	908,827	$	903,501
Long-term debt	2		104,087		104,113		130,447		131,268
Junior subordinated debt	2		101,196		102,262		101,196		97,346