XML 19 R29.htm IDEA: XBRL DOCUMENT
v3.3.0.814

Fair Value Measurements and Fair Value of Financial Instruments (Tables) | 9 Months Ended
--- | ---
Sep. 30, 2015
Fair Value Measurements and Fair Value of Financial Instruments [Abstract] |
Fair Value of Financial Assets and Liabilities Measured on a Recurring Basis | The following tables set forth the Company’s financial assets and liabilities measured on a recurring basis that were accounted for at fair value. Assets and liabilities are classified in their entirety based on the lowest level of input that is significant to the fair value measurement (in thousands): September 30, 2015:
|  | Quoted Prices in Active Markets for Identical Assets (Level 1) |  |  | Significant Other Observable Inputs (Level 2) |  |  | Significant Unobservable Inputs (Level 3) |  |  | Balance as of September 30, 2015 |
Assets: |  |  |  |  |  |  |  |  |  |  |  |
Securities Available for Sale: |  |  |  |  |  |  |  |  |  |  |  |
Federal Agency |  |  | - |  |  |  | 343,263 |  |  |  | - |  |  |  | 343,263 |
State & municipal |  |  | - |  |  |  | 33,647 |  |  |  | - |  |  |  | 33,647 |
Mortgage-backed |  |  | - |  |  |  | 335,810 |  |  |  | - |  |  |  | 335,810 |
Collateralized mortgage obligations |  |  | - |  |  |  | 330,346 |  |  |  | - |  |  |  | 330,346 |
Other securities |  |  | 7,422 |  |  |  | 7,909 |  |  |  | - |  |  |  | 15,331 |
Total Securities Available for Sale |  | $ | 7,422 |  |  | $ | 1,050,975 |  |  | $ | - |  |  | $ | 1,058,397 |
Trading Securities |  |  | 7,900 |  |  |  | - |  |  |  | - |  |  |  | 7,900 |
Interest Rate Swaps |  |  | - |  |  |  | 8,707 |  |  |  | - |  |  |  | 8,707 |
Total |  | $ | 15,322 |  |  | $ | 1,059,682 |  |  | $ | - |  |  | $ | 1,075,004 |
Liabilities: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Interest Rate Swaps |  | $ | - |  |  | $ | 8,707 |  |  | $ | - |  |  | $ | 8,707 |
Total |  | $ | - |  |  | $ | 8,707 |  |  | $ | - |  |  | $ | 8,707 |
December 31, 2014:
|  | Quoted Prices in Active Markets for Identical Assets (Level 1) |  |  | Significant Other Observable Inputs (Level 2) |  |  | Significant Unobservable Inputs (Level 3) |  |  | Balance as of December 31, 2014 |
Assets: |  |  |  |  |  |  |  |  |  |  |  |
Securities Available for Sale: |  |  |  |  |  |  |  |  |  |  |  |
U.S. Treasury |  | $ | 23,111 |  |  | $ | - |  |  | $ | - |  |  | $ | 23,111 |
Federal Agency |  |  | - |  |  |  | 329,914 |  |  |  | - |  |  |  | 329,914 |
State & municipal |  |  | - |  |  |  | 37,570 |  |  |  | - |  |  |  | 37,570 |
Mortgage-backed |  |  | - |  |  |  | 364,727 |  |  |  | - |  |  |  | 364,727 |
Collateralized mortgage obligations |  |  | - |  |  |  | 242,129 |  |  |  | - |  |  |  | 242,129 |
Other securities |  |  | 7,612 |  |  |  | 8,108 |  |  |  | - |  |  |  | 15,720 |
Total Securities Available for Sale |  | $ | 30,723 |  |  | $ | 982,448 |  |  | $ | - |  |  | $ | 1,013,171 |
Trading Securities |  |  | 7,793 |  |  |  | - |  |  |  | - |  |  |  | 7,793 |
Interest Rate Swaps |  |  | - |  |  |  | 4,707 |  |  |  | - |  |  |  | 4,707 |
Total |  | $ | 38,516 |  |  | $ | 987,155 |  |  | $ | - |  |  | $ | 1,025,671 |
Liabilities: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Interest Rate Swaps |  | $ | - |  |  | $ | 4,707 |  |  | $ | - |  |  | $ | 4,707 |
Total |  | $ | - |  |  | $ | 4,707 |  |  | $ | - |  |  | $ | 4,707 |
Fair Value of Financial Instruments By Balance Sheet Grouping | The following table sets forth information with regard to estimated fair values of financial instruments at September 30, 2015 and December 31, 2014. This table excludes financial instruments for which the carrying amount approximates fair value. Financial instruments for which the fair value approximates carrying value include cash and cash equivalents, securities available for sale, trading securities, accrued interest receivable, non-maturity deposits, short-term borrowings, accrued interest payable, and interest rate swaps.
|  |  |  |  | September 30, 2015 |  |  | December 31, 2014 |
(In thousands) |  | Fair Value Hierarchy |  |  | Carrying amount |  |  | Estimated fair value |  |  | Carrying amount |  |  | Estimated fair value |
Financial assets |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Securities held to maturity |  | 2 |  |  | $ | 470,758 |  |  | $ | 475,436 |  |  | $ | 454,361 |  |  | $ | 454,994 |
Net loans |  | 3 |  |  |  | 5,806,129 |  |  |  | 5,957,554 |  |  |  | 5,528,912 |  |  |  | 5,584,777 |
Financial liabilities |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Time deposits |  | 2 |  |  | $ | 931,966 |  |  | $ | 929,477 |  |  | $ | 1,043,823 |  |  | $ | 1,038,877 |
Long-term debt |  | 2 |  |  |  | 130,635 |  |  |  | 132,849 |  |  |  | 130,945 |  |  |  | 132,562 |
Junior subordinated debt |  | 2 |  |  |  | 101,196 |  |  |  | 91,396 |  |  |  | 101,196 |  |  |  | 103,770 |

X
- Definition 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 Reference 2: 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=36462937&loc=d3e19207-110258 Reference 3: 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=49121117&loc=d3e13467-108611 Reference 4: 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 5: 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 Reference 6: 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=49121117&loc=d3e13433-108611 + Details
Name: | us-gaap_FairValueByBalanceSheetGroupingTextBlock
Namespace Prefix: | us-gaap_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- References No definition available. + Details
Name: | us-gaap_FairValueDisclosuresAbstract
Namespace Prefix: | us-gaap_
Data Type: | xbrli:stringItemType
Balance Type: | na
Period Type: | duration

X
- 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=36462937&loc=d3e19190-110258 + Details
Name: | us-gaap_ScheduleOfFairValueAssetsAndLiabilitiesMeasuredOnRecurringBasisTableTextBlock
Namespace Prefix: | us-gaap_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration