XML 49 R38.htm IDEA: XBRL DOCUMENT v3.5.0.2
Fair Value of Financial Instruments (Tables)
9 Months Ended
Sep. 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.
 
September 30, 2016
(Dollars in thousands)
Carrying Amount
 
Fair Value
 
Level 1
 
Level 2
 
Level 3
Financial Assets
 
 
 
 
 
 
 
 
 
Cash and cash equivalents
$
1,101,253

 
$
1,101,253

 
$
1,101,253

 
$

 
$

Investment securities
2,976,066

 
2,978,823

 

 
2,978,823

 

Loans and loans held for sale, net of unearned income and allowance for loan losses
14,987,172

 
15,032,960

 

 
210,866

 
14,822,094

FDIC loss share receivables
24,406

 
6,343

 

 

 
6,343

Derivative instruments
55,804

 
55,804

 

 
55,804

 

 
 
 
 
 
 
 
 
 
 
Financial Liabilities
 
 
 
 
 
 
 
 
 
Deposits
$
16,522,517

 
$
16,485,224

 
$

 
$

 
$
16,485,224

Short-term borrowings
713,272

 
713,272

 
353,272

 
360,000

 

Long-term debt
672,438

 
660,140

 

 

 
660,140

Derivative instruments
58,939

 
58,939

 

 
58,939

 

 
 
 
 
 
 
 
 
 
 
 
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

 
216,617

 
110,000

 

Long-term debt
340,447

 
309,847

 

 

 
309,847

Derivative instruments
24,939

 
24,939

 

 
24,939