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Fair Value (Tables) | 9 Months Ended
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Sep. 30, 2017
Fair Value |
Schedule of assets and liabilities measured at fair value on a recurring basis |
|  | Fair Value Measurements as of September 30, 2017
|  | Quoted Prices in |  | Significant |  |  |  |
|  | Active Markets for |  | Other |  | Significant |  |
|  | Identical Assets |  | Observable |  | Unobservable |  |
(dollars in thousands) |  | (Level 1) |  | Inputs (Level 2) |  | Inputs (Level 3) |  | Total
Assets |  |  |  |  |  |  |  |  |  |  |  |
U.S. Treasury securities |  | $ | — |  | $ | 396,766 |  | $ | — |  | $ | 396,766
Government-sponsored enterprises debt securities |  |  | — |  |  | 245,138 |  |  | — |  |  | 245,138
Government agency mortgage-backed securities (1) |  |  | — |  |  | 159,787 |  |  | — |  |  | 159,787
Government-sponsored enterprises mortgage-backed securities (1) |  |  | — |  |  | 184,139 |  |  | — |  |  | 184,139
Non-government asset-backed securities |  |  | — |  |  | 101 |  |  | — |  |  | 101
Collateralized mortgage obligations: |  |  |  |  |  |  |  |  |  |  |  |
Government agency |  |  | — |  |  | 3,513,904 |  |  | — |  |  | 3,513,904
Government-sponsored enterprises |  |  | — |  |  | 815,138 |  |  | — |  |  | 815,138
Total available-for-sale securities |  |  | — |  |  | 5,314,973 |  |  | — |  |  | 5,314,973
Other assets (2) |  |  | — |  |  | 19,831 |  |  | — |  |  | 19,831
Liabilities |  |  |  |  |  |  |  |  |  |  |  |
Other liabilities (3) |  |  | — |  |  | (18,858) |  |  | (5,975) |  |  | (24,833)
Total |  | $ | — |  | $ | 5,315,946 |  | $ | (5,975) |  | $ | 5,309,971
|  | Fair Value Measurements as of December 31, 2016
|  | Quoted Prices in |  | Significant |  |  |  |  |
|  | Active Markets for |  | Other |  | Significant |  |
|  | Identical Assets |  | Observable |  | Unobservable |  |
(dollars in thousands) |  | (Level 1) |  | Inputs (Level 2) |  | Inputs (Level 3) |  | Total
Assets |  |  |  |  |  |  |  |  |  |  |  |
U.S. Treasury securities |  | $ | — |  | $ | 392,473 |  | $ | — |  | $ | 392,473
Government-sponsored enterprises debt securities |  |  | — |  |  | 242,667 |  |  | — |  |  | 242,667
Government agency mortgage-backed securities (1) |  |  | — |  |  | 185,663 |  |  | — |  |  | 185,663
Government-sponsored enterprises mortgage-backed securities (1) |  |  | — |  |  | 204,385 |  |  | — |  |  | 204,385
Non-government asset-backed securities |  |  | — |  |  | 12,583 |  |  | — |  |  | 12,583
Collateralized mortgage obligations: |  |  |  |  |  |  |  |  |  |  |  |
Government agency |  |  | — |  |  | 3,351,822 |  |  | — |  |  | 3,351,822
Government-sponsored enterprises |  |  | — |  |  | 687,921 |  |  | — |  |  | 687,921
Total available-for-sale securities |  |  | — |  |  | 5,077,514 |  |  | — |  |  | 5,077,514
Other assets (2) |  |  | — |  |  | 15,982 |  |  | — |  |  | 15,982
Liabilities |  |  |  |  |  |  |  |  |  |  |  |
Other liabilities (3) |  |  | — |  |  | (23,742) |  |  | (7,460) |  |  | (31,202)
Total |  | $ | — |  | $ | 5,069,754 |  | $ | (7,460) |  | $ | 5,062,294
| (1) |  | Backed by residential real estate.
| (2) |  | Other assets include derivative assets.
| (3) |  | Other liabilities include derivative liabilities.
Summary of changes in Level 3 liabilities measured at fair value on a recurring basis |
|  | Visa Derivative
(dollars in thousands) |  | 2017 |  | 2016
Three Months Ended September 30, |  |  |  |  |  |
Balance as of July 1, |  | $ | (6,493) |  | $ | (8,376)
Total net (losses) gains included in other noninterest income |  |  | (41) |  |  | 6
Settlements |  |  | 559 |  |  | 444
Balance as of September 30, |  | $ | (5,975) |  | $ | (7,926)
Total net (losses) gains included in net income attributable to the change in unrealized gains or losses related to liabilities still held as of September 30, |  | $ | (41) |  | $ | 6
Nine Months Ended September 30, |  |  |  |  |  |
Balance as of January 1, |  | $ | (7,460) |  | $ | —
Total net (losses) gains included in other noninterest income |  |  | (73) |  |  | 25
Purchases |  |  | — |  |  | (8,875)
Settlements |  |  | 1,558 |  |  | 924
Balance as of September 30, |  | $ | (5,975) |  | $ | (7,926)
Total net (losses) gains included in net income attributable to the change in unrealized gains or losses related to liabilities still held as of September 30, |  | $ | (73) |  | $ | 25
Schedule of assets and liabilities carried at other than fair value and fair values of off-balance sheet commitments |
|  | September 30, 2017
|  |  |  |  | Fair Value Measurements
|  |  |  |  | Quoted Prices in |  | Significant |  | Significant |  |
|  |  |  |  | Active Markets |  | Other |  | Unobservable |  |
|  |  |  |  | for Identical |  | Observable |  | Inputs |  |
(dollars in thousands) |  | Book Value |  | Assets (Level 1) |  | Inputs (Level 2) |  | (Level 3) |  | Total
Financial assets: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Cash and cash equivalents |  | $ | 1,114,365 |  | $ | 321,319 |  | $ | 793,045 |  | $ | — |  | $ | 1,114,364
Loans (1) |  |  | 11,978,338 |  |  | — |  |  | — |  |  | 11,979,164 |  |  | 11,979,164
Financial liabilities: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Deposits |  | $ | 17,595,483 |  | $ | 12,950,356 |  | $ | 4,639,721 |  | $ | — |  | $ | 17,590,077
Off-balance sheet financial instruments: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Commitments to extend credit (2) |  | $ | 20,180 |  | $ | — |  | $ | — |  | $ | 20,180 |  | $ | 20,180
Standby letters of credit |  |  | 2,857 |  |  | — |  |  | — |  |  | 2,857 |  |  | 2,857
Commercial letters of credit |  |  | 15 |  |  | — |  |  | — |  |  | 15 |  |  | 15
| (1) |  | Excludes financing leases of $171.4 million at September 30, 2017.
| (2) |  | There were no lease commitments at September 30, 2017.
|  | December 31, 2016
|  |  |  |  | Fair Value Measurements
|  |  |  |  | Quoted Prices in |  | Significant |  | Significant |  |
|  |  |  |  | Active Markets |  | Other |  | Unobservable |  |
|  |  |  |  | for Identical |  | Observable |  | Inputs |  |
(dollars in thousands) |  | Book Value |  | Assets (Level 1) |  | Inputs (Level 2) |  | (Level 3) |  | Total
Financial assets: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Cash and cash equivalents |  | $ | 1,052,058 |  | $ | 253,827 |  | $ | 798,226 |  | $ | — |  | $ | 1,052,053
Loans (1) |  |  | 11,340,338 |  |  | — |  |  | — |  |  | 11,306,675 |  |  | 11,306,675
Financial liabilities: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Deposits |  | $ | 16,794,532 |  | $ | 13,055,935 |  | $ | 3,730,945 |  | $ | — |  | $ | 16,786,880
Short-term borrowings |  |  | 9,151 |  |  | — |  |  | 9,109 |  |  | — |  |  | 9,109
Off-balance sheet financial instruments: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Commitments to extend credit (2) |  | $ | 20,677 |  | $ | — |  | $ | — |  | $ | 20,677 |  | $ | 20,677
Standby letters of credit |  |  | 876 |  |  | — |  |  | — |  |  | 876 |  |  | 876
Commercial letters of credit |  |  | 17 |  |  | — |  |  | — |  |  | 17 |  |  | 17
| (1) |  | Excludes financing leases of $180.0 million at December 31, 2016.
| (2) |  | There were no lease commitments at December 31, 2016.
Schedule of assets with fair value adjustments on a nonrecurring basis |
(dollars in thousands) |  | Level 1 |  | Level 2 |  | Level 3
September 30, 2017 |  |  |  |  |  |  |  |  |
Impaired loans |  | $ | — |  | $ | — |  | $ | 107
December 31, 2016 |  |  |  |  |  |  |  |  |
Impaired loans |  | $ | — |  | $ | — |  | $ | 1,567
Schedule of significant unobservable inputs used in fair value measurements for Level 3 assets and liabilities measured at fair value on a recurring or nonrecurring basis |
|  | Quantitative Information about Level 3 Fair Value Measurements at September 30, 2017
|  |  |  |  |  |  | Significant |  | Range
(dollars in thousands) |  | Fair value |  | Valuation Technique |  | Unobservable Input |  | (Weighted Average)
Impaired loans |  | $ | 107 |  | Appraisal Value |  | Appraisal Value |  | n/m (1)
Other liabilities |  | $ | (5,975) |  | Discounted Cash Flow |  | Expected Conversion Factor |  | 1.6483
|  |  |  |  |  |  | Expected Term |  | 4 years
|  |  |  |  |  |  | Growth Rate |  | 15%
|  | Quantitative Information about Level 3 Fair Value Measurements at December 31, 2016
|  |  |  |  |  |  |  |  | Range
(dollars in thousands) |  | Fair value |  | Valuation Technique |  | Unobservable Input |  | (Weighted Average)
Impaired loans |  | $ | 1,567 |  | Appraisal Value |  | Appraisal Value |  | n/m (1)
Other liabilities |  | $ | (7,460) |  | Discounted Cash Flow |  | Expected Conversion Factor |  | 1.6483
|  |  |  |  |  |  | Expected Term |  | 4 years
|  |  |  |  |  |  | Growth Rate |  | 15%
| (1) |  | The fair value of these assets is determined based on appraised values of collateral or broker price opinions, the range of which is not meaningful to disclose.

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- Definition Tabular disclosure of the fair value of financial instruments, including financial assets and financial liabilities, and the measurements of those instruments, assets, and liabilities. + References No definition available. + Details
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- Definition Tabular disclosure of the inputs and valuation techniques used to measure fair value, and a discussion of changes in valuation techniques and related inputs, if any, applied during the period to each separate class of assets, liabilities, and financial instruments classified in shareholders' equity that are measured on a recurring and/or nonrecurring basis. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 820 -SubTopic 10 -Section 50 -Paragraph 2 -Subparagraph (bbb) -URI http://asc.fasb.org/extlink&oid=66048111&loc=d3e19207-110258 + Details
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- Definition Tabular disclosure of assets and liabilities by class, including financial instruments measured at fair value that are classified in shareholders' equity, if any, that are measured at fair value on a nonrecurring basis in periods after initial recognition (for example, impaired assets). Disclosures may include, but are not limited to: (a) the fair value measurements recorded and the reasons for the measurements and (b) the level within the fair value hierarchy in which the fair value measurements are categorized in their entirety (levels 1, 2, 3). + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 820 -SubTopic 10 -Section 50 -Paragraph 2 -Subparagraph (bbb) -URI http://asc.fasb.org/extlink&oid=66048111&loc=d3e19207-110258 Reference 2: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 820 -SubTopic 10 -Section 50 -Paragraph 1 -URI http://asc.fasb.org/extlink&oid=66048111&loc=d3e19190-110258 Reference 3: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 820 -SubTopic 10 -Section 50 -Paragraph 2 -Subparagraph (a) -URI http://asc.fasb.org/extlink&oid=66048111&loc=d3e19207-110258 Reference 4: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 820 -SubTopic 10 -Section 50 -Paragraph 2 -Subparagraph (b) -URI http://asc.fasb.org/extlink&oid=66048111&loc=d3e19207-110258 + Details
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- Definition Tabular disclosure of the fair value measurement of liabilities using significant unobservable inputs (Level 3), a reconciliation of the beginning and ending balances, separately presenting changes attributable to the following: (1) total gains or losses for the period (realized and unrealized), segregating those gains or losses included in earnings (or changes in net assets), and gains or losses recognized in other comprehensive income (loss) and a description of where those gains or losses included in earnings (or changes in net assets) are reported in the statement of income (or activities); (2) purchases, sales, issues, and settlements (each type disclosed separately); and (3) transfers in and transfers out of Level 3 (for example, transfers due to changes in the observability of significant inputs) by class of liability. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 820 -SubTopic 10 -Section 50 -Paragraph 3 -URI http://asc.fasb.org/extlink&oid=66048111&loc=d3e19279-110258 Reference 2: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 820 -SubTopic 10 -Section 50 -Paragraph 2 -Subparagraph (c) -URI http://asc.fasb.org/extlink&oid=66048111&loc=d3e19207-110258 + Details
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- Definition Tabular disclosure of assets and liabilities, including [financial] instruments measured at fair value that are classified in stockholders' equity, if any, that are measured at fair value on a recurring basis. The disclosures contemplated herein include the fair value measurements at the reporting date by the level within the fair value hierarchy in which the fair value measurements in their entirety fall, segregating fair value measurements using quoted prices in active markets for identical assets (Level 1), significant other observable inputs (Level 2), and significant unobservable inputs (Level 3). + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 820 -SubTopic 10 -Section 50 -Paragraph 1 -URI http://asc.fasb.org/extlink&oid=66048111&loc=d3e19190-110258 + Details
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