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Fair Value of Financial Instruments (Tables)
12 Months Ended
Dec. 31, 2015
Fair Value Disclosures [Abstract]  
Estimated Fair Values and Carrying Amounts of Financial Instruments
The carrying amount and estimated fair values, as well as the level within the fair value hierarchy, of the Company’s financial instruments are included in the tables below. See Note 1, Summary of Significant Accounting Policies, for a description of how fair value measurements are determined.
 
December 31, 2015
(Dollars in thousands)
Carrying  Amount
 
Fair Value
 
Level 1
 
Level 2
 
Level 3
Financial Assets
 
 
 
 
 
 
 
 
 
     Cash and cash equivalents
$
510,267

 
$
510,267

 
$
510,267

 
$

 
$

     Investment securities
2,899,214

 
2,901,247

 

 
2,901,247

 

Loans and loans held for sale, net of unearned income and allowance for loan losses
14,355,297

 
14,674,749

 

 
166,247

 
14,508,502

FDIC loss share receivables
39,878

 
9,163

 

 

 
9,163

Derivative instruments
30,486

 
30,486

 

 
30,486

 

 

 

 

 

 
 
Financial Liabilities
 
 
 
 
 
 
 
 
 
Deposits
$
16,178,748

 
$
15,696,245

 
$

 
$

 
$
15,696,245

Short-term borrowings
326,617

 
326,617

 
326,617

 

 

Long-term debt
340,447

 
309,847

 

 

 
309,847

Derivative instruments
24,939

 
24,939

 

 
24,939

 

 


 

 

 

 
 
 
December 31, 2014
(Dollars in thousands)
Carrying Amount
 
Fair Value
 
Level 1
 
Level 2
 
Level 3
Financial Assets
 
 
 
 
 
 
 
 
 
Cash and cash equivalents
$
548,095

 
$
548,095

 
$
548,095

 
$

 
$

Investment securities
2,275,813

 
2,278,334

 

 
2,278,334

 

Loans and loans held for sale, net of unearned income and allowance for loan losses
11,450,985

 
11,475,315

 

 
139,950

 
11,335,365

FDIC loss share receivables
69,627

 
19,606

 

 

 
19,606

Derivative instruments
32,903

 
32,903

 

 
32,903

 

 
 
 
 
 
 
 
 
 
 
Financial Liabilities
 
 
 
 
 
 
 
 
 
Deposits
$
12,520,525

 
$
12,298,017

 
$

 
$

 
$
12,298,017

Short-term borrowings
845,742

 
845,742

 
845,742

 

 

Long-term debt
403,254

 
376,139

 

 

 
376,139

Derivative instruments
31,354

 
31,354

 

 
31,354