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Fair Value Information (Tables)

3 Months Ended

Mar. 31, 2012

Fair Value Information [Abstract]

Assets and Liabilities Measured at Fair Value on a Recurring Basis

Assets & Liabilities Measured at Fair Value on a Recurring Basis

(Dollars in thousands)		Carrying Value at March 31, 2012				Quoted Prices in Active Markets for Identical Assets (Level 1)				Significant Other Observable Inputs (Level 2)				Significant Unobservable Inputs (Level 3)
Description of Assets
Residential mortgage-backed securities		$	938,891			$	—			$	938,891			$	—
CMO’s / REMIC’s – Residential			739,202				—				739,202				—
Government agency			37,362				—				37,362				—
Municipal bonds			646,742				—				646,742				—
Other securities			10,532								10,532
Investment Securities-AFS			2,372,729				—				2,372,729				—
Interest Rate Swaps			18,753				—				18,753				—
Total Assets		$	2,391,482			$	—			$	2,391,482			$	—
Description of Liability
Interest Rate Swaps		$	18,753			$	—			$	18,753			$	—

(Dollars in thousands)		Carrying Value at December 31, 2011				Quoted Prices in Active Markets for Identical Assets (Level 1)				Significant Other Observable Inputs (Level 2)				Significant Unobservable Inputs (Level 3)
Description of Assets
Residential mortgage-backed securities		$	888,000			$	—			$	888,000			$	—
CMO’s / REMIC’s – Residential			604,508				—				604,508				—
Government agency			46,507				—				46,507				—
Municipal bonds			652,037				—				652,037				—
Other securities			10,474								10,474
Investment Securities-AFS			2,201,526				—				2,201,526				—
Interest Rate Swaps			20,497				—				20,497				—
Total Assets		$	2,222,023			$	—			$	2,222,023			$	—
Description of Liability
Interest Rate Swaps		$	20,497			$	—			$	20,497			$	—

Assets and Liabilities Measured at Fair Value on a Non-Recurring Basis

Assets & Liabilities Measured at Fair Value on a Non-Recurring Basis

(Dollars in thousands)		Carrying Value at March 31, 2012				Quoted Prices in Active Markets for Identical Assets (Level 1)				Significant Other Observable Inputs (Level 2)				Significant Unobservable Inputs (Level 3)				For the three months ended March 31, 2012 Total Losses
Description of Assets
Investment Security-HTM		$	—			$	—			$	—			$	—			$	—
Covered loans held-for-sale			—				—				—				—				(1,219	)
Impaired Loans-Noncovered			6,204				—				—				6,204				(2,179	)
OREO-Noncovered			—				—				—				—				—
OREO-Covered			609				—				—				609				(159	)

Assets & Liabilities Measured at Fair Value on a Non-Recurring Basis

(Dollars in thousands)		Carrying Value at December 31, 2011				Quoted Prices in Active Markets for Identical Assets (Level 1)				Significant Other Observable Inputs (Level 2)				Significant Unobservable Inputs (Level 3)				For the year ended December 31, 2011 Total Losses
Description of Assets
Investment Security-HTM		$	2,383			$	—			$	—			$	2,383			$	(656	)
Non-covered loans held-for-sale			1,404				—				—				1,404				(250	)
Impaired Loans-Noncovered			30,014				—				—				30,014				(6,707	)
OREO-Noncovered			4,866				—				—				4,866				(523	)
OREO-Covered			2,541				—				—				2,541				(2,192	)

Estimated Fair Value of Financial Instruments

		March 31, 2012
		Carrying Amount				Estimated Fair Value
						Level 1				Level 2				Level 3				Total
		(Dollars in thousands)
Assets
Total cash and cash equivalents		$	276,318			$	276,318			$	—			$	—			$	276,318
Interest-earning balances due from depository institutions			60,000				—				60,000				—				60,000
FHLB Stock			69,222				—				69,222				—				69,222
Investment securities available-for-sale			2,372,729				—				2,372,729				—				2,372,729
Investment securities held-to-maturity			2,280				—				—				2,280				2,280
Non-covered loans held-for-sale			630				—				—				630				630
Covered loans held-for-sale			3,771				—				—				3,771				3,771
Total loans, net of allowance for credit losses			3,336,034								—				3,477,099				3,477,099
Accrued interest receivable			23,375				—				23,375				—				23,375
Swaps			18,753				—				18,753				—				18,753
Liabilities
Deposits:
Noninterest-bearing		$	2,120,382				2,120,382				—				—				2,120,382
Interest-bearing			2,559,725				—				2,560,826				—				2,560,826
Borrowings			926,298				—				975,702				—				975,702
Junior subordinated debentures			108,250				—				108,972				—				108,972
Accrued interest payable			3,417				—				3,417				—				3,417
Swaps			18,753				—				18,753				—				18,753

		December 31, 2011
		Carrying Amount				Estimated Fair Value
						Level 1				Level 2				Level 3				Total
		(Dollars in thousands)
Assets
Total cash and cash equivalents		$	345,343			$	345,343			$	—			$	—			$	345,343
Interest-earning balances due from depository institutions			60,000				—				60,000				—				60,000
FHLB Stock			72,689				—				72,689				—				72,689
Investment securities available-for-sale			2,201,526				—				2,201,526								2,201,526
Investment securities held-to-maturity			2,383				—				—				2,383				2,383
Non-covered loans held-for-sale			348				—				—				348				348
Covered loans held-for-sale			5,664				—				—				5,664				5,664
Total loans, net of allowance for credit losses			3,382,632				—				—				3,534,960				3,534,960
Accrued interest receivable			23,512				—				23,512				—				23,512
Swaps			20,497				—				20,497				—				20,497
Liabilities
Deposits:
Noninterest-bearing		$	2,027,876				2,027,876				—				—				2,027,876
Interest-bearing			2,576,672				—				2,577,825				—				2,577,825
Borrowings			958,032				—				1,012,211				—				1,012,211
Junior subordinated debentures			115,055				—				115,854				—				115,854
Accrued interest payable			3,526				—				3,526				—				3,526
Swaps			20,497				—				20,497				—				20,497

X

- Definition

Tabular disclosure of assets and liabilities by class, including [financial] instruments measured at fair value that are classified in stockholders' equity, if any, that are measured at fair value on a nonrecurring basis in periods after initial recognition (for example, impaired assets). The disclosures that may be required or desired include: (a) the fair value measurements recorded during the period and the reasons for the measurements and (b) 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 or liabilities (Level 1), significant other observable inputs (Level 2), and significant unobservable inputs (Level 3). Where the quoted price in an active market for the identical liability is not available, the Level 1 input is the quoted price of an identical liability when traded as an asset.

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Tabular disclosure of the fair value of financial instruments (as defined), including financial assets and financial liabilities (collectively, as defined), and the measurements of those instruments, assets, and liabilities. Such certain disclosures about the financial instruments, assets, and liabilities include: (1) the fair value of the required items together with their carrying amounts (as appropriate) and (2) the methodology and assumptions used in developing such estimates of fair value.

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-LegacyDoc This reference is SUPERSEDED by the Accounting Standards Codification effective for interim and annual periods ending after September 15, 2009. This reference is included to help users transition from the previous accounting hierarchy and will be removed from future versions of this taxonomy.



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-LegacyDoc This reference is SUPERSEDED by the Accounting Standards Codification effective for interim and annual periods ending after September 15, 2009. This reference is included to help users transition from the previous accounting hierarchy and will be removed from future versions of this taxonomy.



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-LegacyDoc This reference is SUPERSEDED by the Accounting Standards Codification effective for interim and annual periods ending after September 15, 2009. This reference is included to help users transition from the previous accounting hierarchy and will be removed from future versions of this taxonomy.



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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).

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