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Fair Value Measurements (Tables)
3 Months Ended
Mar. 31, 2018
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, 2017, for a description of how fair value measurements are determined.
 
March 31, 2018
(Dollars in thousands)
Level 1
 
Level 2
 
Level 3
 
Total
Assets
 
 
 
 
 
 
 
Securities available for sale
$

 
$
4,542,486

 
$

 
$
4,542,486

CRA and Community Development Investment Funds

 
9,801

 

 
9,801

Mortgage loans held for sale

 
110,348

 

 
110,348

Derivative instruments

 
17,072

 

 
17,072

Total
$

 
$
4,679,707

 
$

 
$
4,679,707

Liabilities
 
 
 
 
 
 
 
Derivative instruments
$

 
$
32,154

 
$

 
$
32,154

Total
$

 
$
32,154

 
$

 
$
32,154

 
 
 
 
 
 
 
 
 
December 31, 2017
 
Level 1
 
Level 2
 
Level 3
 
Total
Assets
 
 
 
 
 
 
 
Securities available for sale
$

 
$
4,590,062

 
$

 
$
4,590,062

Mortgage loans held for sale

 
134,916

 

 
134,916

Derivative instruments

 
31,265

 

 
31,265

Total
$

 
$
4,756,243

 
$

 
$
4,756,243

Liabilities
 
 
 
 
 
 
 
Derivative instruments
$

 
$
25,154

 
$

 
$
25,154

Total
$

 
$
25,154

 
$

 
$
25,154

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, 2018
(Dollars in thousands)
Level 1
 
Level 2
 
Level 3
 
Total
Assets
 
 
 
 
 
 
 
Loans
$

 
$

 
$
85,269

 
$
85,269

OREO, net

 

 
2,234

 
2,234

Total
$

 
$

 
$
87,503

 
$
87,503

 
 
 
 
 
 
 
 
 
December 31, 2017
(Dollars in thousands)
Level 1
 
Level 2
 
Level 3
 
Total
Assets
 
 
 
 
 
 
 
Loans
$

 
$

 
$
71,210

 
$
71,210

OREO, net

 

 
3,029

 
3,029

Total
$

 
$

 
$
74,239

 
$
74,239

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, 2018
 
December 31, 2017
(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
$
110,348

 
$
107,849

 
$
2,499

 
$
134,916

 
$
131,276

 
$
3,640