Fair Value Of Financial Instruments (Tables)

12 Months Ended

Dec. 31, 2020

Fair Value, by Balance Sheet Grouping [Table Text Block]

The estimated fair values of the Company’s financial instruments and the classification of their fair value measurement within the valuation hierarchy are as follows at December 31, 2020 and 2019:


	Carrying Amount		Estimated Fair Value at December 31, 2020
(In thousands)			Level 1		Level 2		Level 3		Total
Financial Assets
Loans:
Business	$	6,546,087	$	—	$	—	$	6,467,572	$	6,467,572
Real estate - construction and land	1,021,595		—		—		995,873		995,873
Real estate - business	3,026,117		—		—		3,016,576		3,016,576
Real estate - personal	2,820,030		—		—		2,830,521		2,830,521
Consumer	1,950,502		—		—		1,953,217		1,953,217
Revolving home equity	307,083		—		—		304,434		304,434
Consumer credit card	655,078		—		—		576,320		576,320
Overdrafts	3,149		—		—		3,068		3,068
Total loans	16,329,641		—		—		16,147,581		16,147,581
Loans held for sale	45,089		—		45,089		—		45,089




Investment securities	12,626,296		841,025		11,638,558		146,713		12,626,296

Securities purchased under agreements to resell	850,000		—		—		894,338		894,338
Interest earning deposits with banks	1,747,363		1,747,363		—		—		1,747,363
Cash and due from banks	437,563		437,563		—		—		437,563
Derivative instruments	89,889		—		86,447		3,442		89,889
Assets held in trust for deferred compensation plan	19,278		19,278		—		—		19,278
Total	$	32,145,119	$	3,045,229	$	11,770,094	$	17,192,074	$	32,007,397
Financial Liabilities
Non-interest bearing deposits	$	10,497,598	$	10,497,598	$	—	$	—	$	10,497,598
Savings, interest checking and money market deposits	14,604,456		14,604,456		—		—		14,604,456
Certificates of deposit	1,844,691		—		—		1,847,277		1,847,277
Federal funds purchased	42,270		42,270		—		—		42,270
Securities sold under agreements to repurchase	2,056,113		—		—		2,056,173		2,056,173

Derivative instruments	18,675		—		17,974		701		18,675
Liabilities held in trust for deferred compensation plan	19,278		19,278		—		—		19,278
Total	$	29,083,081	$	25,163,602	$	17,974	$	3,904,151	$	29,085,727


	Carrying Amount		Estimated Fair Value at December 31, 2019
(In thousands)			Level 1		Level 2		Level 3		Total
Financial Assets
Loans:
Business	$	5,565,449	$	—	$	—	$	5,526,303	$	5,526,303
Real estate - construction and land	899,377		—		—		898,152		898,152
Real estate - business	2,833,554		—		—		2,849,213		2,849,213
Real estate - personal	2,354,760		—		—		2,333,002		2,333,002
Consumer	1,964,145		—		—		1,938,505		1,938,505
Revolving home equity	349,251		—		—		344,424		344,424
Consumer credit card	764,977		—		—		708,209		708,209
Overdrafts	6,304		—		—		4,478		4,478
Total loans	14,737,817		—		—		14,602,286		14,602,286
Loans held for sale	13,809		—		13,809		—		13,809




Investment securities	8,740,608		854,705		7,738,158		147,745		8,740,608

Securities purchased under agreements to resell	850,000		—		—		869,592		869,592
Interest earning deposits with banks	395,850		395,850		—		—		395,850
Cash and due from banks	491,615		491,615		—		—		491,615
Derivative instruments	105,674		—		105,075		599		105,674
Assets held in trust for deferred compensation plan	16,518		16,518		—		—		16,518
Total	$	25,351,891	$	1,758,688	$	7,857,042	$	15,620,222	$	25,235,952
Financial Liabilities
Non-interest bearing deposits	$	6,890,687	$	6,890,687	$	—	$	—	$	6,890,687
Savings, interest checking and money market deposits	11,621,716		11,621,716		—		—		11,621,716
Certificates of deposit	2,008,012		—		—		2,022,629		2,022,629
Federal funds purchased	20,035		20,035		—		—		20,035
Securities sold under agreements to repurchase	1,830,737		—		—		1,831,518		1,831,518
Other borrowings	988		—		988		—		988
Derivative instruments	10,219		—		9,989		230		10,219
Liabilities held in trust for deferred compensation plan	16,518		16,518		—		—		16,518
Total	$	22,398,912	$	18,548,956	$	10,977	$	3,854,377	$	22,414,310