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Fair Value of Financial Instruments (Tables)
6 Months Ended
Jun. 30, 2016
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, in the 2015 Annual Report on Form 10-K for the year ended December 31, 2015, for a description of how fair value measurements are determined.
 
June 30, 2016
(Dollars in thousands)
Carrying Amount
 
Fair Value
 
Level 1
 
Level 2
 
Level 3
Financial Assets
 
 
 
 
 
 
 
 
 
Cash and cash equivalents
$
705,298

 
$
705,298

 
$
705,298

 
$

 
$

Investment securities
2,868,919

 
2,872,254

 

 
2,872,254

 

Loans and loans held for sale, net of unearned income and allowance for loan losses
14,804,762

 
15,074,988

 

 
229,653

 
14,845,335

FDIC loss share receivables
29,224

 
6,216

 

 

 
6,216

Derivative instruments
61,598

 
61,598

 

 
61,598

 

 
 
 
 
 
 
 
 
 
 
Financial Liabilities
 
 
 
 
 
 
 
 
 
Deposits
$
15,862,027

 
$
15,845,146

 
$

 
$

 
$
15,845,146

Short-term borrowings
765,637

 
765,637

 

 
765,637

 

Long-term debt
687,436

 
656,609

 

 

 
656,609

Derivative instruments
64,907

 
64,907

 

 
64,907

 

 
 
 
 
 
 
 
 
 
 
 
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