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Fair Value Information (Tables)

6 Months Ended

Jun. 30, 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 June 30, 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
Government agency		$	32,362				—			$	32,362			$	—
Residential mortgage-backed securities			863,322			$	—				863,322				—
CMO’s / REMIC’s – Residential			718,520				—				718,520				—
Municipal bonds			634,851				—				634,851				—
Other securities			10,476								10,476
Investment Securities-AFS			2,259,531				—				2,259,531				—
Interest Rate Swaps			24,663				—				24,663				—
Total Assets		$	2,284,194			$	—			$	2,284,194			$	—
Description of Liability
Interest Rate Swaps		$	24,663			$	—			$	24,663			$	—
(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
Government agency		$	46,507				—			$	46,507			$	—
Residential mortgage-backed securities			888,000				—				888,000				—
CMO’s / REMIC’s – Residential			604,508				—				604,508				—
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 June 30, 2012				Quoted Prices in Active Markets for Identical Assets (Level 1)				Significant Other Observable Inputs (Level 2)				Significant Unobservable Inputs (Level 3)				For the Six Months Ended June 30, 2012 Total Losses
Description of Assets
Investment Security-HTM		$	—			$	—			$	—			$	—			$	—
Covered loans held-for-sale			—				—				—				—				—
Impaired Loans-Non-covered			7,667				—				—				7,667				(1,979	)
OREO-Non-covered			203				—				—				203				(24	)
OREO-Covered			497				—				—				497				(74	)

(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-Non-covered			30,014				—				—				30,014				(6,707	)
OREO-Non-covered			4,866				—				—				4,866				(523	)
OREO-Covered			2,541				—				—				2,541				(2,192	)

Estimated Fair Value of Financial Instruments

		June 30, 2012
		Carrying Amount				Estimated Fair Value
						Level 1				Level 2				Level 3				Total
		(Dollars in thousands)
Assets
Total cash and cash equivalents		$	476,695			$	476,695			$	—			$	—			$	476,695
Interest-earning balances due from depository institutions			60,000				—				60,000				—				60,000
FHLB Stock			65,814				—				65,814				—				65,814
Investment securities available-for-sale			2,259,531				—				2,259,531				—				2,259,531
Investment securities held-to-maturity			2,191				—				—				2,191				2,191
Non-covered loans held-for-sale			2,880				—				—				2,880				2,880
Covered loans held-for-sale			—				—				—				—				—
Total loans, net of allowance for credit losses			3,293,163				—				—				3,450,913				3,450,913
Accrued interest receivable			22,385				—				22,385				—				22,385
Swaps			24,663				—				24,663				—				24,663
Liabilities
Deposits:
Noninterest-bearing		$	2,252,280				2,252,280				—				—				2,252,280
Interest-bearing			2,446,570				—				2,447,655				—				2,447,655
Borrowings			916,434				—				967,937				—				967,937
Junior subordinated debentures			87,631				—				88,203				—				88,203
Accrued interest payable			3,355				—				3,355				—				3,355
Swaps			24,663				—				24,663				—				24,663
		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 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 Statement of Financial Accounting Standard (FAS)

-Number 157

-Paragraph 33

-Subparagraph a, b

-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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-Publisher FASB

-Name Accounting Standards Codification

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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.

+ References

Reference 1: http://www.xbrl.org/2003/role/presentationRef

-Publisher FASB

-Name Statement of Financial Accounting Standard (FAS)

-Number 107

-Paragraph 14

-Subparagraph a

-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.



Reference 2: http://www.xbrl.org/2003/role/presentationRef

-Publisher FASB

-Name Statement of Financial Accounting Standard (FAS)

-Number 159

-Paragraph 18

-Subparagraph c(2), d, e, f

-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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-Publisher FASB

-Name Statement of Financial Accounting Standard (FAS)

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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.



Reference 10: http://www.xbrl.org/2003/role/presentationRef

-Publisher FASB

-Name Statement of Financial Accounting Standard (FAS)

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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).

+ References

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-Publisher FASB

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