Fair Value Accounting and Measurement (Tables)

9 Months Ended

Sep. 30, 2011

Fair Value Accounting And Measurement

Financial Assets And Liabilities Accounted For Fair Value On Recurring Basis

The following table sets forth the Company’s financial assets and liabilities that were accounted for at fair value on a recurring basis at September 30, 2011 by level within the fair value hierarchy. Financial assets and liabilities are classified in their entirety based on the lowest level of input that is significant to the fair value measurement:



	Fair value at September 30, 2011		Fair Value Measurements at Reporting Date Using
(in thousands)	Fair value at September 30, 2011		Level 1		Level 2		Level 3
Assets
Securities available for sale
U.S. government and U.S. agency securities	$	71,380	$	—	$	71,380	$	—
U.S. government agency and sponsored enterprise mortgage-back securities and collateralized mortgage obligations	644,726		—		644,726		—
State and municipal debt securities	276,417		—		276,417		—
Other securities	3,331		—		3,331		—
Total securities available for sale	$	995,854	$	—	$	995,854	$	—
Other assets (Interest rate contracts)	$	16,463	$	—	$	16,463	$	—
Liabilities
Other liabilities (Interest rate contracts)	$	16,463	$	—	$	16,463	$	—

Financial Assets Accounted For Fair Value On Nonrecurring Basis

The following table presents information about the Company’s assets measured at fair value on a nonrecurring basis for which a nonrecurring change in fair value has been recorded during the reporting period. The amounts disclosed below represent the fair values at the time the nonrecurring fair value measurements were made and not necessarily the fair value at the reporting date.



	Fair value at September 30, 2011		Fair Value Measurements at Reporting Date Using						Losses During the Three Months Ended September 30, 2011		Losses During the Nine Months Ended September 30, 2011
(in thousands)	Fair value at September 30, 2011		Level 1		Level 2		Level 3		Losses During the Three Months Ended September 30, 2011		Losses During the Nine Months Ended September 30, 2011
Impaired loans	$	3,717	$	—	$	—	$	3,717	$	735	$	4,707
Non-covered OREO	2,876		—		—		2,876		573		3,120
	$	6,593	$	—	$	—	$	6,593	$	1,308	$	7,827