Fair Value (Tables)

3 Months Ended

Mar. 31, 2013

Fair Value [Abstract]

Assets and Liabilities Reported on the Consolidated Statements of Financial Condition at their Fair Value on a Recurring Basis

	As of March 31, 2013
(Dollar amounts in thousands)	Quoted Prices in Active Markets for Identical Assets or Liabilities (Level I)		Significant Other Observable  Inputs (Level II)		Significant Unobservable Inputs (Level III)		Total
Assets:
Securities available for sale
Trust preferred securities	$	—	$	1,888	$	36,353	$	38,241
Municipal securities		—		189,259		—		189,259
Equity securities		1,991		—		—		1,991
Corporate bonds		—		227,073		—		227,073
Mortgage backed securities
U.S. sponsored entities		—		627,756		—		627,756
Private label		—		2,309		—		2,309
Subtotal mortgage-backed securities		—		630,065		—		630,065
Total securities available for sale	$	1,991	$	1,048,285	$	36,353	$	1,086,629
Other Assets
Interest rate caps	$	—	$	157	$	—	$	157
Total other assets	$	—	$	157	$	—	$	157
Liabilities
Other Liabilities
Interest rate swaps	$	—	$	5,387	$	—	$	5,387
Total other liabilities	$	—	$	5,387	$	—	$	5,387

	As of December 31, 2012
(Dollar amounts in thousands)	Quoted Prices in Active Markets for Identical Assets or Liabilities (Level I)		Significant Other Observable  Inputs (Level II)		Significant Unobservable Inputs (Level III)		Total
Assets:
Securities available for sale
Trust preferred securities	$	—	$	1,848	$	36,179	$	38,027
Municipal securities		—		190,887		—		190,887
Equity securities		1,818		—		—		1,818
Corporate bonds		—		225,795		—		225,795
Mortgage backed securities
U.S. sponsored entities		—		649,933		—		649,933
Private label		—		4,316		—		4,316
Subtotal mortgage-backed securities		—		654,249		—		654,249
Total securities available for sale	$	1,818	$	1,072,779	$	36,179	$	1,110,776
Other Assets
Interest rate caps	$	—	$	90	$	—	$	90
Total other assets	$	—	$	90	$	—	$	90
Liabilities:
Other Liabilties
Interest rate swaps	$	—	$	5,743	$	—	$	5,743
Total other liabilities	$	—	$	5,743	$	—	$	5,743

Fair Value Measurements Using Significant Unobservable Inputs (Level III)

	Trust Preferred Securities
	March 31,
	2013		2012
Beginning balance January 1,	$	36,179	$	35,789
Total net realized/unrealized gains (losses)
Included in earnings:
Interest income on securities		3		3
Net realized loss on securities available for sale		—		—
Included in other comprehensive income		171		416
Transfers in and/or out of Level III		—		—
Purchases, issuances and settlements
Purchases		—		—
Issuances		—		—
Sales		—		—
Settlements		—		—
Ending balance, March 31,	$	36,353	$	36,208

Changes in Unrealized Gains and Losses Recorded in Earnings for Level III Assets and Liabilities

	Securities available for sale
	March 31,
	2013		2012
Interest income on securities	$	3	$	3
Net realized loss on securities available for sale		—		—
Total	$	3	$	3

Schedule of fair value level III assets measured at fair value on a recurring or non- recurring basis

(Dollar amounts in thousands)	Fair Value at March 31, 2013		Fair Value at December  31, 2012		Valuation Technique	Significant Unobservable Inputs	Range
Trust Preferred Securities	$	36,353	$	36,179	Discounted Cash Flow	Credit Spreads	45-80 basis points
						Liquidity Risk Adjustments	20-55 basis points
						Default Rates	.6% -1%
Impaired Loans		14,578		14,740	Discounted Cash Flow	Remaining term	.5 yrs to 21.5 yrs
						Discount Rate	3.8%-7.0%
					Appraisal of collateral	Interest Rate	3.3%-8.5%
Real estate acquired through foreclosure		2,426		2,441	Appraisal of collateral (1)	N/A	N/A
Servicing assets		12		14	Discounted Cash Flow	Remaining term	.2 yrs to 18.8 yrs
						Discount Rate	11.25%-12.25%

(1) Fair value is generally determined through independent appraisals of the underlying collateral, which generally includes various level III inputs which are not identifiable. Appraisals may be adjusted by management for qualitative factors such as economic conditions and estimated liquidation expenses.