Fair Value (Tables)

3 Months Ended

6 Months Ended

12 Months Ended

Jun. 30, 2011

Jun. 30, 2011

Dec. 31, 2010

Fair Value

Assets And Liabilities Measured At Fair Value On A Recurring Basis

Fair Value Measurements at June 30, 2011 using:
(in thousands)	Level 1		Level 2		Level 3		Balance at June 30, 2011
Assets
Investment securities
Obligations of U.S. Treasury and other U.S. Government sponsored entities	$	-	$	308,655	$	-	$	308,655
Obligations of states and political subdivisions		-		5,109				5,109
U.S. Government sponsored entities' asset-backed securities		-		801,924		-		801,924
Equity securities		968		-		741		1,709
Mortgage loans held for sale		-		7,456		-		7,456
Mortgage IRLCs		-		242		-		242
Liabilities
Interest rate swap	$	-	$	1,338	$	-	$	1,338
Fair value swap		-		-		200		200

Fair Value Measurements at December 31, 2010 using:
(in thousands)	Level 1		Level 2		Level 3		Balance at December 31, 2010
Assets
Investment securities
Obligations of U.S. Treasury and other U.S. Government sponsored entities	$	-	$	273,313	$	-	$	273,313
Obligations of states and political subdivisions		-		8,446		2,598		11,044
U.S. Government sponsored entities' asset-backed securities		-		1,011,412		-		1,011,412
Equity securities		1,008		-		745		1,753
Mortgage loans held for sale		-		8,340		-		8,340
Mortgage IRLCs		-		166		-		166
Liabilities
Interest rate swap	$	-	$	1,634	$	-	$	1,634
Fair value swap		-		-		60		60

Reconciliation Of Level 3 Input For Financial Instruments Measured On Recurring Basis

Level 3 Fair Value Measurements Three months ended June 30, 2011 and 2010
(in thousands)	Obligations of states and political subdivisions			Equity Securities		Fair value swap
Balance, at March 31, 2011	$	2,470		$	740	$	(60	)
Total gains/(losses)
Included in earnings – realized		-			-		-
Included in earnings – unrealized		-			-		-
Included in other comprehensive income		-			1		-
Purchases, sales, issuances and settlements, other, net		(2,470	)		-		(140	)
Balance June 30, 2011	$	0		$	741	$	(200	)
Balance, at March 31, 2010	$	2,744		$	-	$	(500	)
Total gains/(losses)
Included in earnings – realized		-			-		-
Included in earnings – unrealized		-			-		-
Included in other comprehensive income		12			-		-
Purchases, sales, issuances and settlements, other, net		-			-		160
Balance June 30, 2010	$	2,756		$	-	$	(340	)

Level 3 Fair Value Measurements Six months ended June 30, 2011 and 2010
(in thousands)	Obligations of states and political subdivisions			Equity Securities			Fair value swap
Balance, at January 1, 2011	$	2,598		$	745		$	(60	)
Total gains/(losses)
Included in earnings – realized		-						-
Included in earnings – unrealized		(128	)					-
Included in other comprehensive income		-			(4	)		-
Purchases, sales, issuances and settlements, other, net		(2,470	)					(140	)
Balance June 30, 2011	$	0		$	741		$	(200	)
Balance, at January 1, 2010	$	2,751		$	-		$	(500	)
Total gains/(losses)
Included in earnings – realized		-			-			-
Included in earnings – unrealized		-			-			-
Included in other comprehensive income		5			-			-
Purchases, sales, issuances and settlements, other, net		-			-			160
Balance June 30, 2010	$	2,756		$	-		$	(340	)

Assets And Liabilities Measured At Fair Value On A Nonrecurring Basis

Fair Value Measurements at June 30, 2011 using:
(in thousands)	(Level 1)		(Level 2)		(Level 3)		Balance at June 30, 2011
Impaired loans:
Commercial, financial and agricultural	$	-	$	-	$	15,760	$	15,760
Commercial real estate		-		-		23,353		23,353
Construction real estate:
Vision commercial land and development		-		-		34,437		34,437
Remaining commercial		-		-		11,767		11,767
Residential real estate		-		-		12,291		12,291
Total impaired loans	$	-	$	-	$	97,608	$	97,608
Mortgage servicing rights		-		2,526		-		2,526
Other real estate owned		-		-		47,997		47,997

Fair Value Measurements at December 31, 2010 Using:
(in thousands)	(Level 1)		(Level 2)		(Level 3)		Balance at December 31, 2010
Impaired loans:
Commercial, financial and agricultural	$	-	$	-	$	8,276	$	8,276
Commercial real estate						32,354		32,354
Construction real estate:
Vision commercial land and development						45,121		45,121
Remaining commercial						10,202		10,202
Residential real estate						15,304		15,304
Total impaired loans	$	-	$	-	$	111,257	$	111,257
Mortgage servicing rights		-		3,813		-		3,813
Other real estate owned		-		-		44,325		44,325

Fair Value Of Financial Instruments

(in thousands)	June 30, 2011				December 31, 2010
Financial assets:	Carrying value		Fair value		Carrying value		Fair value
Cash and money market instruments	$	217,116	$	217,116	$	133,780	$	133,780
Investment securities		1,892,708		1,903,619		1,971,092		1,983,636
Accrued interest receivable		22,624		22,624		24,137		24,137
Mortgage loans held for sale		7,456		7,456		8,340		8,340
Impaired loans carried at fair value		97,608		97,608		111,257		111,257
Other loans		4,495,262		4,507,242		4,491,691		4,511,419
Loans receivable, net	$	4,600,326	$	4,612,306	$	4,611,288	$	4,631,016
Financial liabilities:
Noninterest bearing checking accounts	$	984,160	$	984,160	$	937,719	$	937,719
Interest bearing transactions accounts		1,485,383		1,485,383		1,283,159		1,283,159
Savings accounts		950,777		950,777		899,288		899,288
Time deposits		1,832,992		1,843,327		1,973,903		1,990,163
Other		4,205		4,205		1,351		1,351
Total deposits	$	5,257,517	$	5,267,852	$	5,095,420	$	5,111,680
Short-term borrowings	$	234,112	$	234,112	$	663,669	$	663,669
Long-term debt		821,202		889,068		636,733		699,080
Subordinated debentures/notes		75,250		66,681		75,250		63,099
Accrued interest payable		5,732		5,732		6,123		6,123
Derivative financial instruments:
Interest rate swap	$	1,338	$	1,338	$	1,634	$	1,634
Fair value swap		200		200		60		60