Fair Value (Tables)

9 Months Ended

Sep. 30, 2012

Fair Value Disclosures [Abstract]

Financial assets and Liabilities at Dates Indicated that were Accounted for or Disclosed at Fair Value

The following tables set forth the Company’s financial assets and liabilities at the dates indicated that were accounted for or disclosed 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:

	At September 30, 2012
	Quoted Prices in					Significant
	Active Markets for		Significant Other			Unobservable
	Identical Assets		Observable Inputs			Inputs
(In thousands)	(Level 1)		(Level 2)			(Level 3)		Total
Assets
Residential mortgage loans held for sale	$	—	$	39,884		$	—	$	39,884
Investments available-for-sale:
U.S . government agencies		—		134,639			—		134,639
S tate and municipal		—		175,109			—		175,109
Mortgage-backed		—		520,774			—		520,774
Corporate debt		—		1,992			—		1,992
Trust preferred		—		—			1,428		1,428
Marketable equity securities		—		723			—		723
Interest rate swap agreements		—		1,413			—		1,413
Liabilities
Interest rate swap agreements	$	—	$	(1,413	)	$	—	$	(1,413	)

	At December 31, 2011
	Quoted Prices in					Significant
	Active Markets for		Significant Other			Unobservable
	Identical Assets		Observable Inputs			Inputs
(In thousands)	(Level 1)		(Level 2)			(Level 3)		Total
Assets
Residential mortgage loans held for sale	$	—	$	25,341		$	—	$	25,341
Investments available-for-sale:
U.S. government agencies		—		200,252			—		200,252
State and municipal		—		173,111			—		173,111
Mortgage-backed		—		570,144			—		570,144
Corporate debt		—		1,978			—		1,978
Trust preferred		3,249		—			2,467		5,716
Marketable equity securities		—		100			—		100
Interest rate swap agreements		—		1,529			—		1,529
Liabilities
Interest rate swap agreements	$	—	$	(1,529	)	$	—	$	(1,529	)

Unrealized Losses Included in Assets Measured in Condensed Consolidated Statements of Condition at Fair Value on a Recurring Basis

The following table provides unrealized losses included in assets measured in the Condensed Consolidated Statements of Condition at fair value on a recurring basis for the period indicated:

	Significant Unobservable
(In thousands)	Inputs (Level 3)
Investments available-for-sale:
Balance at January 1, 2012	$	2,467
Total OTTI included in earnings		(95	)
Principal redemption		(1,134	)
Total unrealized losses included in other comprehensive income (loss)		190
Balance at September 30, 2012	$	1,428

Assets Measured at Fair Value on Nonrecurring Basis

The following table sets forth the Company’s financial assets subject to fair value adjustments (impairment) on a nonrecurring basis at the date indicated that are valued at the lower of cost or market. Assets are classified in their entirety based on the lowest level of input that is significant to the fair value measurement:

	At September 30, 2012
	Quoted Prices in		Significant
	Active Markets		Other		Significant
	for Identical		Observable		Unobservable
(In thousands)	(Level 1)		Inputs (Level 2)		Inputs (Level 3)		Total		Total Losses
Impaired loans	$	—	$	—	$	46,657	$	46,657	$	(6,008	)
Other real estate owned		—		—		9,291		9,291		(606	)
Total	$	—	$	—	$	55,948	$	55,948	$	(6,614	)

	At December 31, 2011
	Quoted Prices in
	Active Markets		Significant Other		Significant
	for Identical		Observable		Unobservable
(In thousands)	(Level 1)		Inputs (Level 2)		Inputs (Level 3)		Total		Total Losses
Impaired loans	$	—	$	—	$	59,784	$	59,784	$	(5,565	)
Other real estate owned		—		—		4,431		4,431		(786	)
Total	$	—	$	—	$	64,215	$	64,215	$	(6,351	)

Carrying Amounts And Fair Values of Company's Financial Instruments

The carrying amounts and fair values of the Company’s financial instruments at the dates indicated are presented in the following table:

					Fair Value Measurements
	September 30, 2012				Quoted Prices in
			Estimated		Active Markets for		Significant Other		Significant
	Carrying		Fair		Identical Assets		Observable Inputs		Unobservable Inputs
(In thousands)	Amount		Value		(Level 1)		(Level 2)		(Level 3)
Financial Assets
Investments held-to-maturity and other equity securities	$	240,253	$	246,875	$	—	$	246,875	$	—
Loans, net of allowance		2,426,367		2,457,785		—		—		2,457,785
Other assets		83,052		83,052		—		83,052		—
Financial Liabilities
Time Deposits	$	559,019	$	563,031	$	—	$	563,031	$	—
S ecurities sold under retail repurchase agreements and
federal funds purchased		58,306		58,306		—		58,306		—
Advances from FHLB		405,146		454,218		—		454,218		—
Subordinated debentures		35,000		10,113		—		—		10,113

					Fair Value Measurements
	December 31, 2011				Quoted Prices in
			Estimated		Active Markets for		Significant Other		Significant
	Carrying		Fair		Identical Assets		Observable Inputs		Unobservable Inputs
(In thousands)	Amount		Value		(Level 1)		(Level 2)		(Level 3)
Financial Assets
Investments held-to-maturity and other equity securities	$	213,398	$	219,100	$	—	$	219,100	$	—
Loans, net of allowance		2,190,266		2,276,333		—		—		2,276,333
Other assets		81,098		81,098		—		81,098		—
Financial Liabilities
Time Deposits	$	584,321	$	588,818	$	—	$	588,818	$	—
Securities sold under retail repurchase agreements and federal
funds purchased		143,613		143,613		—		143,613		—
Advances from FHLB		405,408		452,378		—		452,378		—
Subordinated debentures		35,000		9,810		—		—		9,810