Fair Value Accounting and Measurement (Tables)

3 Months Ended

Mar. 31, 2012

Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]

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 March 31, 2012 and December 31, 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 March 31, 2012		Fair Value Measurements at Reporting Date Using
			Level 1		Level 2		Level 3
	(in thousands)
Assets
Securities available for sale
U.S. government agency and government-sponsored enterprise mortgage-back securities and collateralized mortgage obligations	$	669,584	$	—	$	669,584	$	—
State and municipal debt securities	283,552		—		283,552		—
U.S. government agency and government-sponsored enterprise securities	42,752		—		42,752		—
Other securities	3,325		—		3,325		—
Total securities available for sale	$	999,213	$	—	$	999,213	$	—
Other assets (Interest rate contracts)	$	14,950	$	—	$	14,950	$	—
Liabilities
Other liabilities (Interest rate contracts)	$	14,950	$	—	$	14,950	$	—

	Fair value  at December 31, 2011		Fair Value Measurements at Reporting Date Using
			Level 1		Level 2		Level 3
	(in thousands)
Assets
Securities available for sale
U.S. government agency and government-sponsored enterprise mortgage-back securities and collateralized mortgage obligations	$	695,954	$	—	$	695,954	$	—
State and municipal debt securities	285,763		—		285,763		—
U.S. government agency and government-sponsored enterprise securities	43,063		—		43,063		—
Other securities	3,330		—		3,330		—
Total securities available for sale	$	1,028,110	$	—	$	1,028,110	$	—
Other assets (Interest rate contracts)	$	16,302	$	—	$	16,302	$	—
Liabilities
Other liabilities (Interest rate contracts)	$	16,302	$	—	$	16,302	$	—

Financial Assets Accounted For Fair Value On Nonrecurring Basis

The following table sets forth the Company's assets that were measured using fair value estimates on a nonrecurring basis at March 31, 2012 and 2011.

	Fair value  at March 31, 2012		Fair Value Measurements at Reporting Date Using						Losses During the Three Months Ended March 31, 2012
			Level 1		Level 2		Level 3
	(in thousands)
Impaired loans	$	12,416	$	—	$	—	$	12,416	$	2,881
Noncovered OREO	3,510		—		—		3,510		1,730
Covered OREO	1,917		—		—		1,917		767
Noncovered OPPO	2,334		—		—		2,334		1,950
	$	20,177	$	—	$	—	$	20,177	$	7,328

	Fair value  at March 31, 2011		Fair Value Measurements at Reporting Date Using						Losses During the Three Months Ended March 31, 2011
			Level 1		Level 2		Level 3
	(in thousands)
Impaired loans	$	31,712	$	—	$	—	$	31,712	$	4,908
Noncovered OREO	4,490		—		—		4,490		2,001
Covered OREO	31		—		—		31		14
Noncovered OPPO	2,420		—		—		2,420		185
	$	38,653	$	—	$	—	$	38,653	$	7,108

Fair Value, by Balance Sheet Grouping

The following table summarizes carrying amounts and estimated fair values of selected financial instruments as well as assumptions used by the Company in estimating fair value:

	March 31, 2012										December 31, 2011
	Carrying Amount		Fair Value		Level 1		Level 2		Level 3		Carrying Amount		Fair Value
	(in thousands)
Assets
Cash and due from banks	$	93,904	$	93,904	$	93,904	$	—	$	—	$	91,364	$	91,364
Interest-earning deposits with banks	297,553		297,553		297,553		—		—		202,925		202,925
Securities available for sale	999,213		999,213		—		999,213		—		1,028,110		1,028,110
FHLB stock	22,215		22,215		—		22,215		—		22,215		22,215
Loans held for sale	2,066		2,066		—		—		2,066		2,148		2,148
Loans	2,821,148		2,929,332		—		—		2,929,332		2,827,259		2,957,345
FDIC loss-sharing asset	159,061		62,609		—		—		62,609		175,071		71,788
Interest rate contracts	14,950		14,950		—		14,950		—		16,302		16,302
Liabilities
Deposits	$	3,865,445	$	3,891,744	$	3,328,620	$	563,124	$	—	$	3,815,529	$	3,817,013
FHLB Advances	114,715		114,941		—		114,941		—		119,009		119,849
Repurchase agreements	25,000		26,442		—		26,442		—		25,000		26,580
Interest rate contracts	14,950		14,950		—		14,950		—		16,302		16,302

Fair Value, Inputs, Level 3 [Member] | Fair Value, Measurements, Nonrecurring [Member]

Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]

Fair Value Inputs, Assets, Quantitative Information

The range and weighted-average of the significant unobservable inputs used to fair value our Level 3 nonrecurring assets during the first quarter of 2012, along with the valuation techniques used, are shown in the following table:

	Fair value  at March 31, 2012		Valuation Technique	Unobservable Input	Range (Weighted Average) (1)
	(dollars in thousands)
Impaired loans	$	12,416	Market comparable	Adjustment to Appraisal Value	0% - 37% (12%)
Noncovered OREO	3,510		Market comparable	Adjustment to Appraisal Value	N/A (2)
Covered OREO	1,917		Market comparable	Adjustment to Appraisal Value	0% - 23% (3%)
Noncovered OPPO	2,334		Market comparable	Adjustment to Appraisal Value	N/A (2)
(1) Discount to appraisal value.
(2) Quantitative disclosures are not provided for noncovered OREO and noncovered OPPO because there were no adjustments made to the appraisal value during the current period.