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Fair Value (Tables) | 3 Months Ended
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Mar. 31, 2012
Fair Value [Abstract] |
Assets And Liabilities Measured At Fair Value On A Recurring Basis |
Fair Value Measurements at March 31, 2012 using:
(in thousands) | Level 1 | Level 2 | Level 3 | Balance at March 31, 2012
Assets |  |  |  |
Investment securities |  |  |  |
Obligations of U.S. Treasury and other U.S. Government sponsored entities | $- | $597,475 | $- | $597,475
Obligations of states and political subdivisions | - | 2,655 | - | 2,655
U.S. Government sponsored entities’ asset-backed securities | - | 405,178 | - | 405,178
Equity securities | 1,417 | - | 756 | 2,173
Mortgage loans held for sale | - | 11,110 | - | 11,110
Mortgage IRLCs | - | 169 | - | 169
Liabilities |  |  |  |
Interest rate swap | $- | $673 | $- | $673
Fair value swap | - | - | 135 | 135
Fair Value Measurements at December 31, 2011 using:
(in thousands) | Level 1 | Level 2 | Level 3 | Balance at December 31, 2011
Assets |  |  |  |
Investment securities |  |  |  |
Obligations of U.S. Treasury and other U.S. Government sponsored entities | $- | $371,657 | $- | $371,657
Obligations of states and political subdivisions | - | 2,660 | - | 2,660
U.S. Government sponsored entities’ asset-backed securities | - | 444,295 | - | 444,295
Equity securities | 1,270 | - | 763 | 2,033
Mortgage loans held for sale | - | 11,535 | - | 11,535
Mortgage IRLCs | - | 251 | - | 251
Liabilities |  |  |  |
Interest rate swap | $- | $846 | $- | $846
Fair value swap | - | - | 700 | 700
Reconciliation Of Level 3 Input For Financial Instruments Measured On Recurring Basis |
| Level 3 Fair Value Measurements Three months ended March 31, 2012 and 2011 |
(in thousands) | Obligations of states and political subdivisions | Equity Securities | Fair value swap |
Balance, at January 1, 2012 | $- | $763 | $(700) |
Total gains/(losses) |  |  |  |
Included in earnings – realized | - | - | - |
Included in earnings – unrealized | - | - | - |
Included in other comprehensive income | - | (7) | - |
Purchases, sales, issuances and settlements, other | - | - | - |
Periodic settlement of fair value swap | - | - | (565) |
Balance March 31, 2012 | $- | $756 | $(135) |
Balance, at January 1, 2011 | $2,598 | $745 | $(60) |
Total gains/(losses) |  |  |  |
Included in earnings – realized | - | - | - |
Included in earnings – unrealized | - | - | - |
Included in other comprehensive income | (128) | (5) | - |
Purchases, sales, issuances and settlements, other | - | - | - |
Re-evaluation of fair value swap | - | - | - |
Balance March 31, 2011 | $2,470 | $740 | $(60) |
Assets And Liabilities Measured At Fair Value On A Nonrecurring Basis |
Fair Value Measurements at March 31, 2012 using:
(in thousands) | Level 1 | Level 2 | Level 3 | Balance at March 31, 2012
Impaired loans: |  |  |  |
Commercial, financial and agricultural | $- | $- | $18,476 | $18,476
Commercial real estate | - | - | 25,445 | 25,445
Construction real estate: |  |  |  |
SE LLC commercial land and development | - | - | 18,468 | 18,468
Remaining commercial | - | - | 8,665 | 8,665
Residential real estate | - | - | 12,270 | 12,270
Total impaired loans | $- | $- | $83,324 | $83,324
Mortgage servicing rights | - | 7,138 |  | 7,138
Other real estate owned | - | - | 41,965 | 41,965
Fair Value Measurements at December 31, 2011 using:
(in thousands) | Level 1 | Level 2 | Level 3 | Balance at December 31, 2011
Impaired loans: |  |  |  |
Commercial, financial and agricultural | $- | $- | $19,931 | $19,931
Commercial real estate | - | - | 24,859 | 24,859
Construction real estate: |  |  |  |
Vision commercial land and development | - | - | 21,228 | 21,228
Remaining commercial | - | - | 8,860 | 8,860
Residential real estate | - | - | 12,935 | 12,935
Total impaired loans | $- | $- | $87,813 | $87,813
Mortgage servicing rights | - | 5,815 | - | 5,815
Other real estate owned | - | - | 42,272 | 42,272
Fair Value Of Financial Instruments |
(in thousands) | March 31, 2012
| Fair Value Measurements
Financial assets: | Carrying value | Level 1 | Level 2 | Level 3 | Total fair value |
Cash and money market instruments | $161,130 | $161,130 | $ - | $ - | $161,130 |
Investment securities | 1,789,731 | 1,417 | 1,800,383 | 756 | 1,802,556 |
Accrued interest receivable - securities | 7,027 | - | 7,027 | - | 7,027 |
Accrued interest receivable - loans | 14,200 | - | 1 | 14,199 | 14,200 |
Mortgage loans held for sale | 11,110 | - | 11,110 | - | 11,110 |
Impaired loans carried at fair value | 83,324 | - | - | 83,324 | 83,324 |
Other loans | 4,170,191 | - | - | 4,188,265 | 4,188,265 |
Loans receivable, net | $4,264,625 | $ - | $ 11,110 | $4,271,589 | $4,282,699 |
Financial liabilities: |  |  |  |  |  |
Noninterest bearing checking accounts | $1,055,745 | $ 1,055,745 | $ - | $ | $1,055,745 |
Interest bearing transactions accounts | 1,215,562 | 1,215,562 | - | - | 1,215,562 |
Savings accounts | 1,001,789 | 1,001,789 |  | - | 1,001,789 |
Time deposits | 1,541,374 | - | 1,547,748 | - | 1,547,748 |
Other | 2,918 | 2,918 | - | - | 2,918 |
Total deposits | $4,817,388 | $ 3,276,014 | $ 1,547,748 | $ - | $4,823,762 |
Short-term borrowings | $236,687 | $ - | $ 236,687 | $ - | $236,687 |
Long-term debt | 821,801 | - | 907,995 | - | 907,995 |
Subordinated debentures/notes | 75,250 | - | 68,475 | - | 68,475 |
Accrued interest payable – deposits | 2,824 | 36 | 2,788 | - | 2,824 |
Accrued interest payable – debt/borrowings | 2,210 | - | 2,210 | - | 2,210 |
Derivative financial instruments: |  |  |  |  |  |
Interest rate swap | $673 | $ - | $673 | $ - | $673 |
Fair value swap | 135 | - | - | 135 | 135 |
(in thousands) | December 31, 2011
Financial assets: | Carrying value | Fair value
Cash and money market instruments | $157,486 | $157,486
Investment securities | 1,640,869 | 1,655,219
Accrued interest receivable | 19,697 | 19,697
Mortgage loans held for sale | 11,535 | 11,535
Impaired loans carried at fair value | 87,813 | 87,813
Other loans | 4,149,307 | 4,167,224
Loans receivable, net | $4,248,655 | $4,266,572
Assets held for sale | $382,462 | $ 382,462
Financial liabilities: |  |
Noninterest bearing checking accounts | $ 995,733 | $ 995,733
Interest bearing transactions accounts | 1,037,385 | 1,037,385
Savings accounts | 931,526 | 931,526
Time deposits | 1,499,105 | 1,506,075
Other | 1,365 | 1,365
Total deposits | $4,465,114 | $4,472,084
Short-term borrowings | $263,594 | $263,594
Long-term debt | 823,182 | 915,274
Subordinated debentures/notes | 75,250 | 68,601
Accrued interest payable | 4,916 | 4,916
Liabilities held for sale | 536,186 | 536,991
Derivative financial instruments: |  |
Interest rate swap | $846 | $846
Fair value swap | 700 | 700

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- Definition Reconciliation Of Level 3 Input For Financial Instruments Measured On Recurring Basis. + References No definition available. + Details
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- Definition 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. Reference 3: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 825 -SubTopic 10 -Section 50 -Paragraph 10 -Subparagraph (a) -URI http://asc.fasb.org/extlink&oid=7491637&loc=d3e13433-108611 Reference 4: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Statement of Financial Accounting Standard (FAS) -Number 107 -Paragraph 15 -Subparagraph b-d -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 5: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 825 -SubTopic 10 -Section 50 -Paragraph 11 -URI http://asc.fasb.org/extlink&oid=7491637&loc=d3e13467-108611 Reference 6: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Statement of Financial Accounting Standard (FAS) -Number 159 -Paragraph 19 -Subparagraph a, b, c(1), d(1) -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 7: 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=7578670&loc=d3e19207-110258 Reference 8: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 825 -SubTopic 10 -Section 45 -Paragraph 2 -URI http://asc.fasb.org/extlink&oid=6447952&loc=d3e13220-108610 Reference 9: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Statement of Financial Accounting Standard (FAS) -Number 157 -Paragraph 32 -Subparagraph a, c(1), c(2), c(3), d -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) -Number 107 -Paragraph 10 -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 11: 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=7491637&loc=d3e13476-108611 Reference 12: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 825 -SubTopic 10 -Section 50 -Paragraph 30 -Subparagraph (a) -URI http://asc.fasb.org/extlink&oid=6957238&loc=d3e14172-108612 + 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=7578670&loc=d3e19190-110258 + Details
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