XML 77 R37.htm IDEA: XBRL DOCUMENT v3.8.0.1
Fair Value of Financial Instruments (Tables)
9 Months Ended
Sep. 30, 2017
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 2016 Annual Report on Form 10-K for the year ended December 31, 2016 for a description of how fair value measurements are determined.
 
September 30, 2017
(Dollars in thousands)
Carrying  Amount
 
Fair Value
 
Level 1
 
Level 2
 
Level 3
Financial Assets
 
 
 
 
 
 
 
 
 
Cash and cash equivalents
$
881,216

 
$
881,216

 
$
881,216

 
$

 
$

Investment securities
4,912,245

 
4,912,654

 

 
4,912,654

 

Loans and loans held for sale, net of unearned income and allowance for loan losses
19,799,675

 
19,810,531

 

 
141,218

 
19,669,313

Derivative instruments
31,779

 
31,779

 

 
31,779

 

 

 

 

 

 
 
Financial Liabilities
 
 
 
 
 
 
 
 
 
Deposits
$
21,334,271

 
$
21,333,374

 
$

 
$

 
$
21,333,374

Short-term borrowings
1,523,704

 
1,523,704

 
548,696

 
975,008

 

Long-term debt
1,127,584

 
1,114,132

 

 

 
1,114,132

Derivative instruments
28,453

 
28,453

 

 
28,453

 

 


 

 

 

 
 
 
December 31, 2016
(Dollars in thousands)
Carrying Amount
 
Fair Value
 
Level 1
 
Level 2
 
Level 3
Financial Assets
 
 
 
 
 
 
 
 
 
Cash and cash equivalents
$
1,362,126

 
$
1,362,126

 
$
1,362,126

 
$

 
$

Investment securities
3,535,313

 
3,536,029

 

 
3,536,029

 

Loans and loans held for sale, net of unearned income and allowance for loan losses
15,077,293

 
15,066,055

 

 
157,041

 
14,909,014

Derivative instruments
38,886

 
38,886

 

 
38,886

 

 
 
 
 
 
 
 
 
 
 
Financial Liabilities
 
 
 
 
 
 
 
 
 
Deposits
$
17,408,283

 
$
16,762,475

 
$

 
$

 
$
16,762,475

Short-term borrowings
509,136

 
509,136

 
334,136

 
175,000

 

Long-term debt
628,953

 
617,656

 

 

 
617,656

Derivative instruments
30,209

 
30,209

 

 
30,209