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Fair Value Measurements (Tables)
3 Months Ended
Mar. 31, 2013
Fair Value Disclosures [Abstract]  
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

 

Description

     March 31,  
2013
     Quoted Prices
in Active
Markets for
Identical Assets
(Level 1)
     Significant
Other
Observable
Inputs
(Level 2)
     Significant
Unobservable
Inputs
(Level 3)
 

Assets

           

Available -for-sale securities

   $ 1,951,548       $ 35,008       $ 1,916,540       $ —     

Derivative instruments

     41,208         —           41,208         —     
  

 

 

    

 

 

    

 

 

    

 

 

 

Total

   $ 1,992,756       $ 35,008       $ 1,957,748       $ —     
  

 

 

    

 

 

    

 

 

    

 

 

 

Liabilities

           

Derivative instruments

     34,383         —           34,383         —     
  

 

 

    

 

 

    

 

 

    

 

 

 

Total

   $ 34,383       $ —         $ 34,383       $ —     

 

(Dollars in thousands)           Fair Value Measurements Using  

Recurring Basis

 

Description

   December 31,
2012
     Quoted Prices
in Active
Markets for
Identical Assets
(Level 1)
     Significant
Other
Observable
Inputs
(Level 2)
     Significant
Unobservable
Inputs
(Level 3)
 

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       $ —     
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) for the first three months of 2013 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)

   $ (3,012   $ —     

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

     —          (468
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

 

Description

     March 31,  
2013
     Quoted Prices
in Active
Markets for
Identical Assets
(Level 1)
     Significant
Other
Observable
Inputs
(Level 2)
     Significant
Unobservable
Inputs
(Level 3)
 

Assets

           

Loans

   $ 6,295       $ —         $ 6,295       $ —     

Mortgage loans held for sale

     46,966         —           46,966         —     

OREO

     23,710         —           23,710         —     
  

 

 

    

 

 

    

 

 

    

 

 

 

Total

   $ 76,971       $ —         $ 76,971       $ —     

 

(Dollars in thousands)           Fair Value Measurements Using  

Nonrecurring Basis

 

Description

   December 31,
2012
     Quoted Prices
in Active
Markets for
Identical Assets
(Level 1)
     Significant
Other
Observable
Inputs
(Level 2)
     Significant
Unobservable
Inputs
(Level 3)
 

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       $ —