The following presents (in thousands) the carrying amount, estimated fair value, and placement in the fair value hierarchy of the Company’s financial instruments as of September 30, 2015 and December 31, 2014. This table excludes financial instruments for which the carrying amount approximates fair value. Financial assets for which the fair value approximates carrying value include cash and cash equivalents, short-term investments, FHLBB stock and accrued interest receivable. Financial liabilities for which the fair value approximates carrying value include non-maturity deposits, short-term borrowings and accrued interest payable.


	Carrying Amount		Estimated Fair Value		Fair Value Measurements
	Carrying Amount		Estimated Fair Value		Level 1 Inputs		Level 2 Inputs		Level 3 Inputs
September 30, 2015	(In thousands)

Financial assets:
Securities held-to-maturity	$	1,543,775	$	1,565,261	$	—	$	1,565,261	$	—
Loans (1)		1,618,500		1,595,857		—		—		1,595,857
Financial liabilities:
Time deposits		406,420		409,931		—		409,931		—
Other borrowed funds		432,500		438,504		—		438,504		—
Subordinated debentures		36,083		36,083		—		—		36,083

December 31, 2014
Financial assets:
Securities held-to-maturity		1,406,792		1,413,603		—		1,413,603		—
Loans (1)		1,309,048		1,291,550		—		—		1,291,550
Financial liabilities:
Time deposits		383,145		387,919		—		387,919		—
Other borrowed funds		395,500		400,196		—		400,196		—
Subordinated debentures		36,083		36,083		—		—		36,083

(1)	Comprised of loans (including collateral dependent impaired loans), net of deferred loan costs and the allowance for loan losses.