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Fair Value Measurements (Tables)
12 Months Ended
Dec. 31, 2012
Financial Asset And Liabilities Measured At Fair Value On Recurring Basis

The Company has segregated all financial assets and liabilities that are measured at fair value on a recurring basis into the most appropriate level within the fair value hierarchy based on the inputs used to estimate the fair value at the measurement date in the tables below.

 

(Dollars in thousands)           Fair Value Measurements Using  
Recurring Basis    December 31, 2012      Quoted Prices in
Active Markets for
Identical  Assets

(Level 1)
     Significant
Other Observable
Inputs

(Level 2)
     Significant
Unobservable
Inputs

(Level 3)
 
Description            

Assets

           

Available-for-sale securities

   $ 1,745,004       $ —         $ 1,745,004       $ —     

Derivative instruments

     42,119         —           42,119         —     
  

 

 

    

 

 

    

 

 

    

 

 

 

Total

   $ 1,787,123       $ —         $ 1,787,123       $ —     
  

 

 

    

 

 

    

 

 

    

 

 

 

Liabilities

           

Derivative instruments

     36,890         —           36,890         —     
  

 

 

    

 

 

    

 

 

    

 

 

 

Total

   $ 36,890       $ —         $ 36,890       $ —     
  

 

 

    

 

 

    

 

 

    

 

 

 

 

(Dollars in thousands)           Fair Value Measurements Using  
Recurring Basis    December 31, 2011      Quoted Prices in
Active Markets for
Identical Assets

(Level 1)
     Significant
Other Observable
Inputs

(Level 2)
     Significant
Unobservable
Inputs

(Level 3)
 
Description            

Assets

           

Available-for-sale securities

   $ 1,805,205       $ —         $ 1,804,120       $ 1,085   

Derivative instruments

     33,026         —           33,026         —     
  

 

 

    

 

 

    

 

 

    

 

 

 

Total

   $ 1,838,231       $ —         $ 1,837,146       $ 1,085   
  

 

 

    

 

 

    

 

 

    

 

 

 

Liabilities

           

Derivative instruments

     35,010         —           35,010         —     
  

 

 

    

 

 

    

 

 

    

 

 

 

Total

   $ 35,010       $ —         $ 35,010       $ —     
  

 

 

    

 

 

    

 

 

    

 

 

 
Gains And Losses Included In Earnings Related To Asset And Liabilities Measured At Fair Value On Recurring Basis

Gains and losses (realized and unrealized) included in earnings (or changes in net assets) during 2012 related to assets and liabilities measured at fair value on a recurring basis are reported in noninterest income or other comprehensive income as follows:

 

(Dollars in thousands)    Noninterest income      Other comprehensive
income
 

Total gains (losses) included in earnings (or changes in net assets)

   $ 11,670       $ —     

Change in unrealized gains (losses) relating to assets still held at December 31, 2012

     —           20   
Financial Asset And Liabilities Measured At Fair Value On Nonrecurring Basis

The Company has segregated all financial assets and liabilities that are measured at fair value on a nonrecurring basis into the most appropriate level within the fair value hierarchy based on the inputs used to determine the fair value at the measurement date in the tables below.

 

(Dollars in thousands)           Fair Value Measurements Using  
Nonrecurring Basis    December 31, 2012      Quoted Prices in
Active Markets for
Identical Assets

(Level 1)
     Significant
Other Observable
Inputs

(Level 2)
     Significant
Unobservable
Inputs

(Level 3)
 
Description            

Assets

           

Loans

   $ 6,388       $ —         $ 6,388       $ —     

Mortgage loans held for sale

     32,753         —           32,753         —     

OREO

     20,427         —           20,427         —     
  

 

 

    

 

 

    

 

 

    

 

 

 

Total

   $ 59,568       $ —         $ 59,568       $ —     
  

 

 

    

 

 

    

 

 

    

 

 

 

 

(Dollars in thousands)           Fair Value Measurements Using  
Nonrecurring Basis    December 31, 2011      Quoted Prices in
Active Markets for
Identical  Assets

(Level 1)
     Significant
Other Observable
Inputs

(Level 2)
     Significant
Unobservable
Inputs

(Level 3)
 
Description            

Assets

           

Loans

   $ 2,346       $ —         $ 2,346       $ —     

OREO

     14,930         —           14,930         —     
  

 

 

    

 

 

    

 

 

    

 

 

 

Total

   $ 17,276       $ —         $ 17,276       $ —