Fair Values of Financial Instruments (Tables)

12 Months Ended

Dec. 31, 2015

Fair Values of Financial Instruments [Abstract]

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 December 31, 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.

			December 31, 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	$	471,031	$	473,140	$	454,361	$	454,994
Net loans		3		5,820,115		5,958,427		5,528,912		5,584,777
Financial liabilities
Time deposits		2	$	908,827	$	903,501	$	1,043,823	$	1,038,877
Long-term debt		2		130,447		131,268		130,945		132,562
Junior subordinated debt		2		101,196		97,346		101,196		103,770

Fair Value of Financial Assets and Liabilities Measured on a Recurring Basis

The following table sets forth the Company's financial assets and liabilities measured on a recurring basis that were accounted for at fair value as of December 31, 2015 and December 31, 2014. 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):

	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, 2015
Assets:
Securities Available for Sale:
Federal Agency	$	-	$	311,272	$	-	$	311,272
State & municipal		-		31,637		-		31,637
Mortgage-backed		-		409,896		-		409,896
Collateralized mortgage obligations		-		404,971		-		404,971
Other securities		7,526		9,242		-		16,768
Total Securities Available for Sale	$	7,526	$	1,167,018	$	-	$	1,174,544
Trading Securities		8,377		-		-		8,377
Interest Rate Swaps		-		6,224		-		6,224
Total	$	15,903	$	1,173,242	$	-	$	1,189,145

Liabilities:
Interest Rate Swaps	$	-	$	6,224	$	-	$	6,224
Total	$	-	$	6,224	$	-	$	6,224

	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