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Fair Value Information (Tables)

12 Months Ended

Dec. 31, 2012

Assets and Liabilities Measured at Fair Value on Recurring Basis

The tables below presents the balances of assets and liabilities measured at fair value on a recurring basis as of December 31, 2012 and 2011.

Assets & Liabilities Measured at Fair Value on a Recurring Basis

		Carrying Value at				Quoted Prices in Active Markets for Identical Assets				Significant Other Observable Inputs				Significant Unobservable Inputs
		December 31, 2012				(Level 1)				(Level 2)				(Level 3)
		(Dollars in thousands)
Description of Assets
Government agency		$	359,300			$	—			$	359,300			$	—
Residential mortgage-backed securities			887,598				—				887,598				—
CMO’s / REMIC’s—residential			571,960				—				571,960				—
Municipal bonds			625,429				—				625,429				—
Other securities			5,100				—				5,100				—
Investment securities-AFS			2,449,387				—				2,449,387				—
Interest rate swaps			23,966				—				23,966				—
Total assets		$	2,473,353			$	—			$	2,473,353			$	—
Description of Liability
Interest rate swaps		$	23,966			$	—			$	23,966			$	—

		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)
		(Dollars in thousands)
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 Non-Recurring Basis

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

		Carrying Value at December 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 Year Ended December 31, 2012 Total Losses
		(Dollars in thousands)
Description of Assets
Investment securities—HTM		$	—			$	—			$	—			$	—			$	—
Covered loans held-for-sale			—				—				—				—				—
Impaired loans—non-covered			12,460				—				—				12,460				(3,930	)
OREO—non-covered			3,008				—				—				3,008				(336	)
OREO—covered			1,067				—				—				1,067				(467	)
		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
		(Dollars in thousands)
Description of Assets
Investment securities—HTM		$	2,383			$	—			$	—			$	2,383			$	(656	)
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

The use of different market assumptions and/or estimation methodologies may have a material effect on the estimated fair value amounts.

		December 31, 2012
		Carrying				Estimated Fair Value
		Amount				Level 1				Level 2				Level 3				Total
		(Dollars in thousands)
Assets
Total cash and cash equivalents		$	98,431			$	98,431			$	—			$	—			$	98,431
Interest-earning balances due from depository institutions			70,000				—				70,000				—				70,000
FHLB stock			56,651				—				56,651				—				56,651
Investment securities available-for-sale			2,449,387				—				2,449,387				—				2,449,387
Investment securities held-to-maturity			2,050				—				—				2,515				2,515
Non-covered loans held-for-sale			—				—				—				—				—
Covered loans held-for-sale			—				—				—				—				—
Total loans, net of allowance for credit losses			3,355,087				—				—				3,503,332				3,503,332
Accrued interest receivable			22,355				—				22,355				—				22,355
Swaps			23,966				—				23,966				—				23,966
Liabilities
Deposits:
Noninterest-bearing		$	2,420,993			$	2,420,993			$	—			$	—			$	2,420,993
Interest-bearing			2,352,994				—				2,354,126				—				2,354,126
Borrowings			698,178				—				727,512				—				727,512
Junior subordinated debentures			67,012				—				67,415				—				67,415
Accrued interest payable			1,493				—				1,493				—				1,493
Swaps			23,966				—				23,966				—				23,966
		December 31, 2011
		Carrying				Estimated Fair Value
		Amount				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

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-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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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

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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.



Reference 2: 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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-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

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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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