XML 86 R56.htm IDEA: XBRL DOCUMENT v2.4.1.9
Fair Value Measurements (Tables)
12 Months Ended
Dec. 31, 2014
Fair Value Disclosures [Abstract]  
Summary of Difference Between the Aggregate Fair Value and the Aggregate Unpaid Principal Balance for Mortgage Loans Held for Sale

The following table summarizes the difference between the aggregate fair value and the aggregate unpaid principal balance for mortgage loans held for sale measured at fair value:

 

     December 31, 2014      December 31, 2013  
(Dollars in thousands)    Aggregate
Fair Value
     Aggregate
Unpaid
Principal
     Aggregate
Fair Value
Less Unpaid
Principal
     Aggregate
Fair Value
     Aggregate
Unpaid
Principal
     Aggregate
Fair Value
Less Unpaid
Principal
 

Mortgage loans held for sale, at fair value

   $ 139,950       $ 134,639       $ 5,311       $ 97,273       $ 96,875       $ 398   
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)

   December 31, 2014  
   Level 1      Level 2      Level 3      Total  

Assets

           

Available for sale securities

   $ —         $ 2,158,853       $ —         $ 2,158,853   

Mortgage loans held for sale

     —           139,950         —           139,950   

Derivative instruments

     —           32,903         —           32,903   
  

 

 

    

 

 

    

 

 

    

 

 

 

Total

$ —      $ 2,331,706    $ —      $ 2,331,706   

Liabilities

Derivative instruments

  —        31,354      —        31,354   
  

 

 

    

 

 

    

 

 

    

 

 

 

Total

$ —      $ 31,354    $ —      $ 31,354   
     December 31, 2013  
     Level 1      Level 2      Level3      Total  

Assets

           

Available for sale securities

   $ 15,496       $ 1,921,301       $ —         $ 1,936,797   

Mortgage loans held for sale

     —           97,273         —           97,273   

Derivative instruments

     —           30,076         —           30,076   
  

 

 

    

 

 

    

 

 

    

 

 

 

Total

$ 15,496    $ 2,048,650    $ —      $ 2,064,146   

Liabilities

Derivative instruments

  —        26,735      —        26,735   
  

 

 

    

 

 

    

 

 

    

 

 

 

Total

$ —      $ 26,735    $ —      $ 26,735   
  

 

 

    

 

 

    

 

 

    

 

 

 
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 accumulated other comprehensive income) during 2014 related to assets and liabilities measured at fair value on a recurring basis are reported in non-interest income or other comprehensive income as follows:

 

(Dollars in thousands)    Noninterest
income
     Other
comprehensive
income
 

Total gains (losses) included in earnings

   $ (7,348    $ —     

Change in unrealized gains (losses) relating to assets still held at December 31, 2014

     —           24,016   

 

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 non-recurring 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)    December 31, 2014  
   Level 1      Level 2      Level 3      Total  

Assets

           

Loans

   $ —         $ 4,864       $ —         $ 4,864   

OREO

     —           1,483         —           1,483   
  

 

 

    

 

 

    

 

 

    

 

 

 

Total

$ —      $ 6,347    $ —      $ 6,347   
  

 

 

    

 

 

    

 

 

    

 

 

 
(Dollars in thousands)    December 31, 2013  
     Level 1      Level 2      Level 3      Total  

Assets

           

Loans

   $ —         $ 3,070       $ —         $ 3,070   

Mortgage loans held for sale

     —           11,876         —           11,876   

OREO

     —           14,598         —           14,598   
  

 

 

    

 

 

    

 

 

    

 

 

 

Total

$ —      $ 29,544    $ —      $ 29,544