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Fair Value Information (Tables)

3 Months Ended

Mar. 31, 2016

Fair Value Disclosures [Abstract]

Assets and Liabilities Measured at Fair Value on Recurring Basis

The tables below present the balances of assets and liabilities measured at fair value on a recurring basis for the periods presented.

		Carrying Value at     March 31, 2016				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
Investment securities - AFS:
Government agency/GSEs		$	5,760			$	-			$	5,760			$	-
Residential mortgage-backed securities			1,759,050				-				1,759,050				-
CMOs/REMICs - residential			368,535				-				368,535				-
Municipal bonds			156,225				-				156,225				-
Other securities			5,089				-				5,089				-
Total investment securities - AFS			2,294,659				-				2,294,659				-
Interest rate swaps			13,132				-				13,132				-
Total assets		$	2,307,791			$	-			$	2,307,791			$	-
Description of liability
Interest rate swaps		$	13,132			$	-			$	13,132			$	-
Total liabilities		$	13,132			$	-			$	13,132			$	-
		Carrying Value at December 31, 2015				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
Investment securities - AFS:
Government agency/GSEs		$	5,745			$	-			$	5,745			$	-
Residential mortgage-backed securities			1,813,097				-				1,813,097				-
CMOs/REMICs - residential			383,781				-				383,781				-
Municipal bonds			160,973				-				160,973				-
Other securities			5,050				-				5,050				-
Total investment securities - AFS			2,368,646				-				2,368,646				-
Interest rate swaps			9,344				-				9,344				-
Total assets		$	2,377,990			$	-			$	2,377,990			$	-
Description of liability
Interest rate swaps		$	9,344			$	-			$	9,344			$	-
Total liabilities		$	9,344			$	-			$	9,344			$	-

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

the following tables provide the level of valuation assumptions used to determine each adjustment and the carrying value of the related assets that had losses during the period.

		Carrying Value at March 31, 2016				Quoted Prices in   Active Markets for   Identical Assets (Level 1)				Significant Other   Observable Inputs   (Level 2)				Significant  Unobservable Inputs  (Level 3)				Total Losses For the Three Months Ended March 31, 2016
		(Dollars in thousands)
Description of assets
Impaired loans, excluding PCI Loans:
Commercial and industrial		$	110			$	-			$	-			$	110			$	13
SBA			213				-				-				213				48
Real estate:
Commercial real estate			-				-				-				-				-
Construction			7,651				-				-				7,651				35
SFR mortgage			504				-				-				504				102
Dairy & livestock and agribusiness			-				-				-				-				-
Consumer and other loans			-				-				-				-				-
Other real estate owned			1,611				-				-				1,611				248
Total assets		$	10,089			$	-			$	-			$	10,089			$	446
		Carrying Value at  December 31, 2015				Quoted Prices in Active Markets for Identical Assets (Level 1)				Significant Other Observable Inputs (Level 2)				Significant Unobservable Inputs (Level 3)				Total Losses  For the Year Ended  December 31, 2015
		(Dollars in thousands)
Description of assets
Impaired loans, excluding PCI Loans:
Commercial and industrial		$	228			$	-			$	-			$	228			$	228
SBA			41				-				-				41				15
Real estate:
Commercial real estate			-				-				-				-				-
Construction			7,651				-				-				7,651				13
SFR mortgage			588				-				-				588				20
Dairy & livestock and agribusiness			-				-				-				-				-
Consumer and other loans			258				-				-				258				101
Other real estate owned			948				-				-				948				162
Total assets		$	9,714			$	-			$	-			$	9,714			$	539

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.

		March 31, 2016
						Estimated Fair Value
		Carrying Amount				Level 1				Level 2				Level 3				Total
		(Dollars in thousands)
Assets
Total cash and cash equivalents		$	239,586			$	239,586			$	-			$	-			$	239,586
Interest-earning balances due from depository institutions			90,718				-				90,718				-				90,718
FHLB stock			18,501				-				18,501				-				18,501
Investment securities available-for-sale			2,294,659				-				2,294,659				-				2,294,659
Investment securities held-to-maturity			812,893				-				824,203				1,725				825,928
Total loans, net of allowance for loan losses			4,114,073				-				-				4,166,203				4,166,203
Swaps			13,132				-				13,132				-				13,132
Liabilities
Deposits:
Noninterest-bearing		$	3,352,128				3,352,128				-				-			$	3,352,128
Interest-bearing			2,864,150				-				2,863,784				-				2,863,784
Borrowings			631,860				-				631,749				-				631,749
Junior subordinated debentures			25,774				-				27,284				-				27,284
Swaps			13,132				-				13,132				-				13,132
		December 31, 2015
						Estimated Fair Value
		Carrying Amount				Level 1				Level 2				Level 3				Total
		(Dollars in thousands)
Assets
Total cash and cash equivalents		$	106,097			$	106,097			$	-			$	-			$	106,097
Interest-earning balances due from depository institutions			32,691				-				32,691				-				32,691
FHLB stock			17,588				-				17,588				-				17,588
Investment securities available-for-sale			2,368,646				-				2,368,646				-				2,368,646
Investment securities held-to-maturity			850,989				-				851,186				1,853				853,039
Total loans, net of allowance for loan losses			3,957,781				-				-				3,971,329				3,971,329
Swaps			9,344				-				9,344				-				9,344
Liabilities
Deposits:
Noninterest-bearing		$	3,250,174				3,250,174				-				-			$	3,250,174
Interest-bearing			2,667,086				-				2,666,186				-				2,666,186
Borrowings			736,704				-				736,575				-				736,575
Junior subordinated debentures			25,774				-				27,210				-				27,210
Swaps			9,344				-				9,344				-				9,344

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 Accounting Standards Codification
-Topic 820
-SubTopic 10
-Section 50
-Paragraph 5
-URI http://asc.fasb.org/extlink&oid=36462937&loc=d3e19296-110258

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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

Reference 1: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 825
-SubTopic 10
-Section 50
-Paragraph 12
-URI http://asc.fasb.org/extlink&oid=49121117&loc=d3e13476-108611

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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
-Name Accounting Standards Codification
-Topic 820
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-Section 50
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