Fair Value Measurements (Tables)

9 Months Ended

Sep. 30, 2013

Fair Value Assets And Liabilities Measured On A Recurring Basis [Table Text Block]

The fair value of financial assets and liabilities that are measured on a recurring basis are as follows as of September 30, 2013 (in thousands):



	Total		Quoted Prices in Active Markets for Identical Instruments		Significant Other Observable Inputs		Significant Unobservable Inputs
Assets:
Trading securities:
U.S. Government agency debentures	$	74,632	$	—	$	74,632	$	—
U.S. agency residential mortgage-backed securities	26,129		—		26,129		—
Municipal and other tax-exempt securities	37,057		—		37,057		—
Other trading securities	13,069		—		13,069		—
Total trading securities	150,887		—		150,887		—
Available for sale securities:
U.S. Treasury	1,052		1,052		—		—
Municipal and other tax-exempt	95,440		—		55,769		39,671
U.S. agency residential mortgage-backed securities	7,981,387		—		7,981,387		—
Privately issued residential mortgage-backed securities	230,900		—		230,900		—
Commercial mortgage-backed securities guaranteed by U.S. government agencies	1,946,295		—		1,946,295		—
Other debt securities	35,362		—		30,650		4,712
Perpetual preferred stock	23,680		—		23,680		—
Equity securities and mutual funds	58,787		—		54,580		4,207
Total available for sale securities	10,372,903		1,052		10,323,261		48,590
Fair value option securities:
U.S. agency residential mortgage-backed securities	163,567		—		163,567		—
Other securities	4,293		—		4,293		—
Total fair value option securities	167,860		—		167,860		—
Residential mortgage loans held for sale	230,511		—		230,511		—
Mortgage servicing rights¹	140,863		—		—		140,863
Derivative contracts, net of cash margin²	377,325		644		376,681		—
Other assets – private equity funds	27,799		—		—		27,799
Liabilities:
Derivative contracts, net of cash margin²	232,544		—		232,544		—


¹	A reconciliation of the beginning and ending fair value of mortgage servicing rights and disclosures of significant assumptions used to determine fair value are presented in Note 5, Mortgage Banking Activities.


²	See Note 3 for detail of fair value of derivative contracts by contract type. Derivative contracts based on quoted prices in active markets for identical instruments (Level 1) are exchange-traded energy and agricultural derivative contacts, net of cash margin.

The fair value of financial assets and liabilities that are measured on a recurring basis are as follows as of December 31, 2012 (in thousands):



	Total		Quoted Prices in Active Markets for Identical Instruments		Significant Other Observable Inputs		Significant Unobservable Inputs
Assets:
Trading securities:
U.S. Government agency debentures	$	16,545	$	—	$	16,545	$	—
U.S. agency residential mortgage-backed securities	86,361		—		86,361		—
Municipal and other tax-exempt securities	90,326		—		90,326		—
Other trading securities	20,870		—		20,870		—
Total trading securities	214,102		—		214,102		—
Available for sale securities:
U.S. Treasury	1,002		1,002		—		—
Municipal and other tax-exempt	87,142		—		46,440		40,702
U.S. agency residential mortgage-backed securities	9,889,821		—		9,889,821		—
Privately issued residential mortgage-backed securities	325,163		—		325,163		—
Commercial mortgage-backed securities guaranteed by U.S. government agencies	895,075		—		895,075		—
Other debt securities	36,389		—		30,990		5,399
Perpetual preferred stock	25,072		—		25,072		—
Equity securities and mutual funds	27,557		4,165		21,231		2,161
Total available for sale securities	11,287,221		5,167		11,233,792		48,262
Fair value option securities:
U.S. agency residential mortgage-backed securities	257,040		—		257,040		—
Corporate debt securities	26,486		—		26,486		—
Other securities	770		—		770		—
Total fair value option securities	284,296		—		284,296		—
Residential mortgage loans held for sale	293,762		—		293,762		—
Mortgage servicing rights¹	100,812		—		—		100,812
Derivative contracts, net of cash margin²	338,106		11,597		326,509		—
Other assets – private equity funds	28,169		—		—		28,169
Liabilities:
Derivative contracts, net of cash margin ²	283,589		—		283,589		—


¹	A reconciliation of the beginning and ending fair value of mortgage servicing rights and disclosures of significant assumptions used to determine fair value are presented in Note 5, Mortgage Banking Activities.


²	See Note 3 for detail of fair value of derivative contracts by contract type. Derivative contracts based on quoted prices in active markets for identical instruments (Level 1) are exchange-traded energy and agricultural derivative contacts, net of cash margin.

The fair value of financial assets and liabilities that are measured on a recurring basis are as follows as of September 30, 2012 (in thousands):



	Total		Quoted Prices in Active Markets for Identical Instruments		Significant Other Observable Inputs		Significant Unobservable Inputs
Assets:
Trading securities:
U.S. Government agency debentures	$	3,100	$	—	$	3,100	$	—
U.S. agency residential mortgage-backed securities	119,835		—		119,835		—
Municipal and other tax-exempt securities	58,150		—		58,150		—
Other trading securities	23,157		—		23,157		—
Total trading securities	204,242		—		204,242		—
Available for sale securities:
U.S. Treasury	1,002		1,002		—		—
Municipal and other tax-exempt	87,969		—		46,690		41,279
U.S. agency residential mortgage-backed securities	10,654,821		—		10,654,821		—
Privately issued residential mortgage-backed securities	331,722		—		331,722		—
Commercial mortgage-backed securities guaranteed by U.S. government agencies	339,095		—		339,095		—
Other debt securities	36,456		—		31,056		5,400
Perpetual preferred stock	25,288		—		25,288		—
Equity securities and mutual funds	30,081		6,912		23,169		—
Total available for sale securities	11,506,434		7,914		11,451,841		46,679
Fair value option securities:
U.S. agency residential mortgage-backed securities	305,445		—		305,445		—
Corporate debt securities	26,442		—		26,442		—
Total fair value option securities	331,887		—		331,887		—
Residential mortgage loans held for sale	325,102		—		325,102		—
Mortgage servicing rights¹	89,653		—		—		89,653
Derivative contracts, net of cash margin ²	472,783		8,301		464,482		—
Other assets – private equity funds	28,792		—		—		28,792
Liabilities:
Derivative contracts, net of cash margin ²	435,497		—		435,497		—


¹	A reconciliation of the beginning and ending fair value of mortgage servicing rights and disclosures of significant assumptions used to determine fair value are presented in Note 5, Mortgage Banking Activities.


²	See Note 3 for detail of fair value of derivative contracts by contract type. Derivative contracts based on quoted prices in active markets for identical instruments (Level 1) are exchange-traded energy and agricultural derivative contacts, net of cash margin.

Fair Value Assets Measured On Recurring Basis, Significant Unobservable Inputs [Table Text Block]

The following represents the changes for the three months ended September 30, 2013 related to assets measured at fair value on a recurring basis using significant unobservable inputs (in thousands):



	Available for Sale Securities
	Municipal and other tax-exempt			Other debt securities			Equity securities and mutual funds		Other assets – private equity funds
Balance, June 30, 2013	$	38,847		$	5,193		$	2,247	$	28,379
Purchases and capital calls	—			—			—		567
Redemptions and distributions	—			(500		)	—		(1,589		)
Gain (loss) recognized in earnings:
Gain on other assets, net	—			—			—		442
Gain on available for sale securities, net	—			—			—		—
Other-than-temporary impairment losses	(1,369		)	—			—		—
Other comprehensive gain (loss)	2,193			19			1,960		—
Balance, Sept. 30, 2013	$	39,671		$	4,712		$	4,207	$	27,799

The following represents the changes for the nine months ended September 30, 2013 related to assets measured at fair value on a recurring basis using significant unobservable inputs (in thousands):



	Available for Sale Securities
	Municipal and other tax-exempt			Other debt securities			Equity securities and mutual funds		Other assets – private equity funds
Balance, Dec. 31, 2012	$	40,702		$	5,399		$	2,161	$	28,169
Purchases and capital calls	—			—			—		1,207
Redemptions and distributions	(98		)	(500		)	—		(3,424		)
Gain (loss) recognized in earnings:
Gain on other assets, net	—			—			—		1,847
Gain on available for sale securities, net	—			—			—		—
Other-than-temporary impairment losses	(1,369		)	—			—		—
Other comprehensive gain (loss)	436			(187		)	2,046		—
Balance, Sept. 30, 2013	$	39,671		$	4,712		$	4,207	$	27,799

The following represents the changes for the three months ended September 30, 2012 related to assets measured at fair value on a recurring basis using significant unobservable inputs (in thousands):



	Available for Sale Securities
	Municipal and other tax-exempt			Other debt securities		Other assets – private equity funds
Balance, June 30, 2012	$	41,662		$	5,388	$	31,492
Purchases, and capital calls	—			—		476
Redemptions and distributions	1			—		(3,906		)
Gain (loss) recognized in earnings
Gain on other assets, net	—			—		730
Gain on available for sale securities, net	—			—		—
Other-than-temporary impairment losses	—			—		—
Other comprehensive (loss)	(384		)	12		—
Balance, Sept. 30, 2012	$	41,279		$	5,400	$	28,792

The following represents the changes for the nine months ended September 30, 2012 related to assets measured at fair value on a recurring basis using significant unobservable inputs (in thousands):



	Available for Sale Securities
	Municipal and other tax-exempt			Other debt securities			Other assets – private equity funds
Balance, Dec. 31, 2011	$	42,353		$	5,900		$	30,902
Purchases, and capital calls	—			—			2,385
Redemptions and distributions	(462		)	(500		)	(7,072		)
Gain (loss) recognized in earnings
Gain on other assets, net	—			—			2,577
Gain on available for sale securities, net	1			—			—
Other-than-temporary impairment losses	—			—			—
Other comprehensive (loss)	(613		)	—			—
Balance, Sept. 30, 2012	$	41,279		$	5,400		$	28,792

Fair Value Inputs, Fair Value Measured On a Recurring Basis, Quantitative Information [Table Text Block]

A summary of quantitative information about assets measured at fair value on a recurring basis using significant unobservable inputs (Level 3) as of September 30, 2013 follows (in thousands):

Quantitative Information about Level 3 Recurring Fair Value Measurements

Par

Value

Amortized

Cost⁶

Fair

Value

Valuation Technique(s)

Unobservable Input

Range

(Weighted Average)

Available for sale securities

Municipal and other tax-exempt securities

Investment grade

21,545

21,467

20,531

Discounted cash flows

Interest rate spread

4.98%-5.28% (5.15%)

95.02%-95.55% (95.29%)

Below investment grade

23,925

17,924

19,140

Proposed settlement agreement

⁴

Discount for settlement uncertainty

80.00% (80.00%)

Total municipal and other tax-exempt securities

45,470

39,391

39,671

Other debt securities

4,900

4,712

Discounted cash flows

Interest rate spread

5.60%-5.68% (5.67%)

⁵

96.16%-96.16% (96.16%)

Equity securities and mutual funds

N/A

2,420

4,207

Publicly announced preliminary purchase price information from acquirer.

Discount for settlement uncertainty

N/A

⁷

Other assets - private equity funds

N/A

27,799

Net asset value reported by underlying fund

N/A


¹	Discounted cash flows developed using discount rates primarily based on reference to interest rate spreads for comparable securities of similar duration and credit rating as determined by the nationally-recognized rating agencies, adjusted for lack of trading volume


²	Interest rate yields used to value investment grade tax-exempt securities represent a spread of 462 to 517 basis points over average yields for comparable tax-exempt securities.


³	Represents fair value as a percentage of par value


⁴	Fair value based on proposed settlement agreement between bond holders and issuer.


⁵	Interest rate yields used to value investment grade taxable securities based on comparable short-term taxable securities which are generally yielding less than 1%.


⁶	Amortized cost reduced by other-than-temporary impairments recorded in earnings. See Note 2 for additional discussion.


⁷	Fair value of shares of a smaller privately-held financial institution were valued using preliminary announced purchase information by a publicly-traded acquirer.

The fair value of these securities measured at fair value using significant unobservable inputs are sensitive primarily to changes in interest rate spreads. At September 30, 2013, for tax-exempt securities rated investment grade by all nationally-recognized rating agencies, a 100 basis point increase in the spreads over average yields for comparable securities would result in an additional decrease in the fair value of $199 thousand. For taxable securities rated investment grade by all nationally-recognized rating agencies, a 100 basis point increase in the spreads over average yield for comparable securities would result in an additional decrease in the fair value of $45 thousand. For municipal and other tax-exempt securities rated below investment grade by at least one of the nationally-recognized rating agencies, a 100 basis point increase in the spread over average yields for comparable securities would significant change the fair value of these securities.

A summary of quantitative information about Recurring Fair Value Measurements based on Significant Unobservable Inputs (Level 3) as of December 31, 2012 follows (in thousands):

Quantitative Information about Level 3 Recurring Fair Value Measurements

Par

Value

Amortized

Cost⁶

Fair

Value

Valuation Technique(s)

Unobservable Input

Range

(Weighted Average)

Available for sale securities

Municipal and other tax-exempt securities

Investment grade

28,570

28,473

28,318

Discounted cash flows

Interest rate spread

1.00%-1.50% (1.25%)

98.83%-99.43% (99.12%)

Below investment grade

17,000

12,384

Discounted cash flows

Interest rate spread

7.21%-9.83% (7.82%)

⁴

72.79%-73.00% (72.85%)

Total municipal and other tax-exempt securities

45,570

40,857

40,702

Other debt securities

5,400

5,399

Discounted cash flows

Interest rate spread

1.65%-1.71% (1.70%)

⁵

100% (100%)

Equity securities and mutual funds

N/A

2,161

Tangible book value per share of publicly traded financial institutions of similar size, less liquidity discount.

Peer group tangible book per share and liquidity discount.

N/A

⁷

Other assets - private equity funds

N/A

28,169

Net asset value reported by underlying fund

N/A


¹	Discounted cash flows developed using discount rates primarily based on reference to interest rate spreads for comparable securities of similar duration and credit rating as determined by the nationally-recognized rating agencies, adjusted for lack of trading volume


²	Interest rate yields used to value investment grade tax-exempt securities represent a spread of 75 to 80 basis points over average yields for comparable tax-exempt securities.


³	Represents fair value as a percentage of par value


⁴	Interest rate yields determined using a spread of 700 basis points over comparable municipal securities of varying durations.


⁵	Interest rate yields used to value investment grade taxable securities based on comparable short-term taxable securities which are generally yielding less than 1%.


⁶	Amortized cost reduced by other-than-temporary impairments recorded in earnings. See Note 2 for additional discussion.


⁷	Fair value of shares of a smaller privately-held financial institution were valued using the tangible book value per share of similarly sized financial institutions within the immediate geographical market with a discount of 20% due to the liquidity of the shares.

A summary of quantitative information about Recurring Fair Value Measurements based on Significant Unobservable Inputs (Level 3) as of September 30, 2012 follows (in thousands):

Quantitative Information about Level 3 Recurring Fair Value Measurements

Par

Value

Amortized

Cost⁶

Fair

Value

Valuation Technique(s)

Unobservable Input

Range

(Weighted Average)

Available for sale securities

Municipal and other tax-exempt securities

Investment grade

29,100

28,999

28,848

Discounted cash flows

Interest rate spread

1.00%-1.50% (1.25%)

98.85%-99.47% (99.13%)

Below investment grade

17,000

13,396

12,431

Discounted cash flows

Interest rate spread

7.20%-9.88% (7.77%)

⁴

73.06%-73.30% (73.13%)

Total municipal and other tax-exempt securities

46,100

42,395

41,279

Other debt securities

5,400

Discounted cash flows

Interest rate spread

1.70%-1.73% (1.71%)

⁵

100.00%-100.00% (100.00%)

Other assets - private equity funds

N/A

28,792

Net asset value reported by underlying fund

N/A


¹	Discounted cash flows developed using discount rates primarily based on reference to interest rate spreads for comparable securities of similar duration and credit rating as determined by the nationally-recognized rating agencies, adjusted for lack of trading volume


²	Interest rate yields used to value investment grade tax-exempt securities represent a spread of 75 to 80 basis points over average yields for comparable tax-exempt securities.


³	Represents fair value as a percentage of par value


⁴	Interest rate yields determined using a spread of 700 basis points over comparable municipal securities of varying durations.


⁵	Interest rate yields used to value investment grade taxable securities based on comparable short-term taxable securities which are generally yielding less than 1%.


⁶	Amortized cost reduced by other-than-temporary impairments recorded in earnings. See Note 2 for additional discussion.

Fair Value Assets Measured on Nonrecurring Basis [Table Text Block]

The following represents the carrying value of assets measured at fair value on a non-recurring basis (and related losses) during the period. The carrying value represents only those assets with a balance at September 30, 2013 for which the fair value was adjusted during the nine months ended September 30, 2013:



							Fair Value Adjustments for the
	Carrying Value at September 30, 2013						Three Months Ended September 30, 2013 Recognized in:				Nine Months Ended September 30, 2013 Recognized in:
	Quoted Prices in Active Markets for Identical Instruments		Significant Other Observable Inputs		Significant Unobservable Inputs		Gross charge-offs against allowance for loan losses		Net losses and expenses of repossessed assets, net		Gross charge-offs against allowance for loan losses		Net losses and expenses of repossessed assets, net
Impaired loans	$	—	$	10,607	$	4,787	$	660	$	—	$	6,900	$	—
Real estate and other repossessed assets	—		14,901		170		—		1,767		—		2,560

The following represents the carrying value of assets measured at fair value on a non-recurring basis (and related losses) during the period. The carrying value represents only those assets with a balance at September 30, 2012 for which the fair value was adjusted during the nine months ended September 30, 2012:



							Fair Value Adjustments for the
	Carrying Value at September 30, 2012						Three Months Ended September 30, 2012 Recognized in:				Nine Months Ended September 30, 2012 Recognized in:
	Quoted Prices in Active Markets for Identical Instruments		Significant Other Observable Inputs		Significant Unobservable Inputs		Gross charge-offs against allowance for loan losses		Net losses and expenses of repossessed assets, net		Gross charge-offs against allowance for loan losses		Net losses and expenses of repossessed assets, net
Impaired loans	$	—	$	25,521	$	1,655	$	3,915	$	—	$	10,797	$	—
Real estate and other repossessed assets	—		38,386		6,617		—		4,398		—		11,068

Fair Value Inputs, Fair Value Measured On a Nonrecurring Basis, Quantitative Information [Table Text Block]

A summary of quantitative information about Non-recurring Fair Value Measurements based on Significant Unobservable Inputs (Level 3) as of September 30, 2013 follows (in thousands):



Quantitative Information about Level 3 Non-recurring Fair Value Measurements
	Fair Value		Valuation Technique(s)	Unobservable Input	Range (Weighted Average)

Impaired loans	$	4,787	Appraised value, as adjusted	Broker quotes and management's knowledge of industry and collateral.	N/A
Real estate and other repossessed assets	170		Listing value, less cost to sell	Marketability adjustments off appraised value	82%-85% (83%)¹


¹	Marketability adjustments include consideration of estimated costs to sell which is approximately 15% of fair value.

A summary of quantitative information about Non-recurring Fair Value Measurements based on Significant Unobservable Inputs (Level 3) as of September 30, 2012 follows (in thousands):



Quantitative Information about Level 3 Non-recurring Fair Value Measurements
	Fair Value		Valuation Technique(s)	Unobservable Input	Range (Weighted Average)

Impaired loans	$	1,655	Appraised value, as adjusted	Broker quotes and management's knowledge of industry and collateral.	N/A
Real estate and other repossessed assets	6,617		Listing value, less cost to sell	Marketability adjustments off appraised value	68%-100% (85%)¹


¹	Marketability adjustments include consideration of estimated costs to sell which is approximately 15% of fair value. In addition, $796 thousand of real estate and other repossessed assets at September 30, 2012 are based on expert opinions or management's knowledge of the collateral or industry and do not have and independently appraised value.

Fair Value of Financial Instruments [Table Text Block]

The following table presents the carrying values and estimated fair values of all financial instruments, including those financial assets and liabilities that are not measured and reported at fair value on a recurring basis or non-recurring basis as of September 30, 2013 (dollars in thousands):



	Carrying Value			Range of Contractual Yields	Average Re-pricing (in years)	Discount Rate		Estimated Fair Value
Cash and cash equivalents	$	1,133,771						$	1,133,771
Trading securities:
U.S. Government agency debentures	74,632							74,632
U.S. agency residential mortgage-backed securities	26,129							26,129
Municipal and other tax-exempt securities	37,057							37,057
Other trading securities	13,069							13,069
Total trading securities	150,887							150,887
Investment securities:
Municipal and other tax-exempt	409,542							407,562
U.S. agency residential mortgage-backed securities	56,182							58,442
Other debt securities	178,501							188,475
Total investment securities	644,225							654,479
Available for sale securities:
U.S. Treasury	1,052							1,052
Municipal and other tax-exempt	95,440							95,440
U.S. agency residential mortgage-backed securities	7,981,387							7,981,387
Privately issued residential mortgage-backed securities	230,900							230,900
Commercial mortgage-backed securities guaranteed by U.S. government agencies	1,946,295							1,946,295
Other debt securities	35,362							35,362
Perpetual preferred stock	23,680							23,680
Equity securities and mutual funds	58,787							58,787
Total available for sale securities	10,372,903							10,372,903
Fair value option securities:
U.S. agency residential mortgage-backed securities	163,567							163,567
Other securities	4,293							4,293
Total fair value option securities	167,860							167,860
Residential mortgage loans held for sale	230,511							230,511
Loans:
Commercial	7,571,075			0.25% - 30.00%	0.46	0.50% - 4.19%		7,493,143
Commercial real estate	2,349,229			0.38% - 18.00%	0.79	1.20% - 3.42%		2,326,908
Residential mortgage	2,034,765			0.38% - 18.00%	2.56	0.64% - 4.40%		2,056,072
Consumer	395,031			0.38% - 21.00%	0.55	1.24% - 3.71%		388,490
Total loans	12,350,100							12,264,613
Allowance for loan losses	(194,325		)					—
Net loans	12,155,775							12,264,613
Mortgage servicing rights	140,863							140,863
Derivative instruments with positive fair value, net of cash margin	377,325							377,325
Other assets – private equity funds	27,799							27,799
Deposits with no stated maturity	16,771,635							16,771,635
Time deposits	2,720,020			0.01% - 9.64%	2.08	0.75% - 1.28%		2,739,764
Other borrowed funds	3,611,944			0.25% - 4.78%	—	0.06% - 2.65%		3,570,228
Subordinated debentures	347,758			0.95% - 5.00%	2.87	2.22	%	344,854
Derivative instruments with negative fair value, net of cash margin	232,544							232,544



	Carrying Value			Range of Contractual Yields	Average Re-pricing (in years)	Discount Rate		Estimated Fair Value
Cash and cash equivalents	$	1,286,239						$	1,286,239
Trading securities:
U.S. Government agency debentures	16,545							16,545
U.S. agency residential mortgage-backed securities	86,361							86,361
Municipal and other tax-exempt securities	90,326							90,326
Other trading securities	20,870							20,870
Total trading securities	214,102							214,102
Investment securities:
Municipal and other tax-exempt	232,700							235,940
U.S. agency residential mortgage-backed securities	82,767							85,943
Other debt securities	184,067							206,575
Total investment securities	499,534							528,458
Available for sale securities:
U.S. Treasury	1,002							1,002
Municipal and other tax-exempt	87,142							87,142
U.S. agency residential mortgage-backed securities	9,889,821							9,889,821
Privately issued residential mortgage-backed securities	325,163							325,163
Commercial mortgage-backed securities guaranteed by U.S. government agencies	895,075							895,075
Other debt securities	36,389							36,389
Perpetual preferred stock	25,072							25,072
Equity securities and mutual funds	27,557							27,557
Total available for sale securities	11,287,221							11,287,221
Fair value option securities:
U.S. agency residential mortgage-backed securities	257,040							257,040
Corporate debt securities	26,486							26,486
Other securities	770							770
Total fair value option securities	284,296							284,296
Residential mortgage loans held for sale	293,762							293,762
Loans:
Commercial	7,641,912			0.21% - 30.00%	0.69	0.51% - 3.59%		7,606,505
Commercial real estate	2,228,999			0.21% - 18.00%	0.92	1.26% - 3.18%		2,208,217
Residential mortgage	2,045,040			0.38% - 18.00%	3.34	0.86% - 3.09%		2,110,773
Consumer	395,505			0.38% - 21.00%	0.32	1.37% - 3.60%		388,748
Total loans	12,311,456							12,314,243
Allowance for loan losses	(215,507		)					—
Net loans	12,095,949							12,314,243
Mortgage servicing rights	100,812							100,812
Derivative instruments with positive fair value, net of cash margin	338,106							338,106
Other assets – private equity funds	28,169							28,169
Deposits with no stated maturity	18,211,068							18,211,068
Time deposits	2,967,992			0.01% - 9.64%	2.15	0.80% - 1.15%		3,037,708
Other borrowed funds	2,706,221			0.09% - 5.25%	—	0.09% - 2.67%		2,696,574
Subordinated debentures	347,633			1.00% - 5.00%	3.56	2.40	%	345,675
Derivative instruments with negative fair value, net of cash margin	283,589							283,589



	Carrying Value			Range of Contractual Yields	Average Re-pricing (in years)	Discount Rate		Estimated Fair Value
Cash and cash equivalents	$	615,494						$	615,494
Trading securities:
U.S. Government agency debentures	3,100							3,100
U.S. agency residential mortgage-backed securities	119,835							119,835
Municipal and other tax-exempt securities	58,150							58,150
Other trading securities	23,157							23,157
Total trading securities	204,242							204,242
Investment securities:
Municipal and other tax-exempt	155,144							159,464
U.S. agency residential mortgage-backed securities	91,911							95,128
Other debt securities	185,059							205,766
Total investment securities	432,114							460,358
Available for sale securities:
U.S. Treasury	1,002							1,002
Municipal and other tax-exempt	87,969							87,969
U.S. agency residential mortgage-backed securities	10,654,821							10,654,821
Privately issued residential mortgage-backed securities	331,722							331,722
Commercial mortgage-backed securities guaranteed by U.S. government agencies	339,095							339,095
Other debt securities	36,456							36,456
Perpetual preferred stock	25,288							25,288
Equity securities and mutual funds	30,081							30,081
Total available for sale securities	11,506,434							11,506,434
Fair value option securities:
U.S. agency residential mortgage-backed securities	305,445							305,445
Corporate debt securities	26,442							26,442
Total fair value option securities	331,887							331,887
Residential mortgage loans held for sale	325,102							325,102
Loans:
Commercial	7,266,907			0.25% - 30.00%	0.64	0.58% - 3.50%		7,232,761
Commercial real estate	2,177,272			0.38% - 18.00%	0.93	1.30% - 3.17%		2,142,239
Residential mortgage	2,016,303			0.38% - 18.00%	3.31	0.99% - 3.17%		2,084,251
Consumer	371,885			0.38% - 21.00%	0.32	1.43% - 3.69%		368,546
Total loans	11,832,367							11,827,797
Allowance for loan losses	(233,756		)					—
Net loans	11,598,611							11,827,797
Mortgage servicing rights	89,653							89,653
Derivative instruments with positive fair value, net of cash margin	472,783							472,783
Other assets – private equity funds	28,791							28,791
Deposits with no stated maturity	16,120,541							16,120,541
Time deposits	3,022,326			0.01% - 9.64%	2.14	0.85% - 1.15%		3,099,183
Other borrowed funds	3,429,575			0.09% - 5.25%	—	0.09% - 2.67%		3,420,135
Subordinated debentures	347,592			1.12% - 5.00%	3.79	2.26	%	345,852
Derivative instruments with negative fair value, net of cash margin	435,497							435,497

- Definition

Tabular disclosure of the fair value measurement of assets using significant unobservable inputs (Level 3), a reconciliation of the beginning and ending balances, separately presenting changes during the period attributable to the following: (1) total gains or losses for the period (realized and unrealized), segregating those gains or losses included in earnings (or changes in net assets) and gains or losses recognized in other comprehensive income (loss), and a description of where those gains or losses included in earnings (or changes in net assets) are reported in the statement of income (or activities); (2) purchases, sales, issues, and settlements (each type disclosed separately); and (3) transfers in and transfers out of Level 3 (for example, transfers due to changes in the observability of significant inputs), by class of asset.

+ References+ Details

- Definition

Tabular disclosure of the fair value of financial instruments, including financial assets and financial liabilities, and the measurements of those instruments, assets, and liabilities.

+ References+ Details