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Fair Value Measurements (Tables)
3 Months Ended
Mar. 31, 2017
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. See Note 1, Summary of Significant Accounting Policies, in the Annual Report on Form 10-K for the year ended December 31, 2016, for a description of how fair value measurements are determined.
 
March 31, 2017
(Dollars in thousands)
Level 1
 
Level 2
 
Level 3
 
Total
Assets
 
 
 
 
 
 
 
Securities available for sale
$

 
$
3,823,953

 
$

 
$
3,823,953

Mortgage loans held for sale

 
122,333

 

 
122,333

Derivative instruments

 
34,172

 

 
34,172

Total
$

 
$
3,980,458

 
$

 
$
3,980,458

Liabilities
 
 
 
 
 
 
 
Derivative instruments
$

 
$
27,068

 
$

 
$
27,068

Total
$

 
$
27,068

 
$

 
$
27,068

 
 
 
 
 
 
 
 
 
December 31, 2016
 
Level 1
 
Level 2
 
Level 3
 
Total
Assets
 
 
 
 
 
 
 
Securities available for sale
$

 
$
3,446,097

 
$

 
$
3,446,097

Mortgage loans held for sale

 
157,041

 

 
157,041

Derivative instruments

 
38,886

 

 
38,886

Total
$

 
$
3,642,024

 
$

 
$
3,642,024

Liabilities
 
 
 
 
 
 
 
Derivative instruments
$

 
$
30,209

 
$

 
$
30,209

Total
$

 
$
30,209

 
$

 
$
30,209

Gains and Losses Included in Earnings Related to Asset and Liabilities Measured at Fair Value on Recurring Basis
Financial Asset and Liabilities Measured at Fair Value on Nonrecurring Basis
The Company has segregated all 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.
 
March 31, 2017
(Dollars in thousands)
Level 1
 
Level 2
 
Level 3
 
Total
Assets
 
 
 
 
 
 
 
Loans
$

 
$

 
$
87,425

 
$
87,425

OREO, net

 

 
2,122

 
2,122

Total
$

 
$

 
$
89,547

 
$
89,547

 
 
 
 
 
 
 
 
 
December 31, 2016
(Dollars in thousands)
Level 1
 
Level 2
 
Level 3
 
Total
Assets
 
 
 
 
 
 
 
Loans
$

 
$

 
$
93,485

 
$
93,485

OREO, net

 

 
185

 
185

Total
$

 
$

 
$
93,670

 
$
93,670

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:
 
March 31, 2017
 
December 31, 2016
(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
$
122,333

 
$
118,875

 
$
3,458

 
$
157,041

 
$
153,801

 
$
3,240