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FAIR VALUE MEASUREMENTS (Tables)

12 Months Ended

Dec. 31, 2016

Fair Value Inputs, Assets, Quantitative Information [Line Items]

Summary of assets and financial liabilities measured at fair value on a recurring basis segregated by the level of the valuation inputs within the fair value hierarchy utilized to measure fair value

The following table summarizes assets and liabilities measured at fair value on a recurring basis as of year-end 2016 and 2015 segregated by the level of the valuation inputs within the fair value hierarchy utilized to measure fair value:

		December 31, 2016
(In thousands)		Level 1 Inputs				Level 2 Inputs				Level 3 Inputs				Total Fair Value
Trading security		$	—			$	—			$	13,229			$	13,229
Available-for-sale securities:
Municipal bonds and obligations		—				119,816				—				119,816
Agency collateralized mortgage obligations		—				651,911				—				651,911
Agency residential mortgage-backed securities		—				228,684				—				228,684
Agency commercial mortgage-backed securities		—				64,534				—				64,534
Corporate bonds		—				56,006				—				56,006
Trust preferred securities		—				11,887				—				11,887
Other bonds and obligations		—				11,158				—				11,158
Marketable equity securities		62,284				3,257				—				65,541
Loans held for sale		—				120,673				—				120,673
Derivative assets		622				16,157				4,838				21,617
Other assets		—				—				798				798
Derivative liabilities		—				24,420				—				24,420

		December 31, 2015
(In thousands)		Level 1 Inputs				Level 2 Inputs				Level 3 Inputs				Total Fair Value
Trading security		$	—			$	—			$	14,189			$	14,189
Available-for-sale securities:
Municipal bonds and obligations		—				104,561				—				104,561
Agency collateralized mortgage obligations		—				833,036				—				833,036
Agency residential mortgage-backed securities		—				126,829				—				126,829
Agency commercial mortgage-backed securities		—				—				—				—
Corporate bonds		—				41,023				—				41,023
Trust preferred securities		—				11,900				—				11,900
Other bonds and obligations		—				3,141				—				3,141
Marketable equity securities		32,925				334				708				33,967
Loans held for sale		—				13,191				—				13,191
Derivative assets		45				17,130				332				17,507
Other assets		—				—				—				—
Derivative liabilities		—				28,181				—				28,181

Schedule of loans held for sale

		Aggregate Fair Value				Aggregate Unpaid Principal				Aggregate Fair Value Less Aggregate Unpaid Principal
December 31, 2016 (In thousands)
Loans Held for Sale		$	120,673			$	118,178			$	2,495

		Aggregate Fair Value				Aggregate Unpaid Principal				Aggregate Fair Value Less Aggregate Unpaid Principal
December 31, 2015 (In thousands)
Loans Held for Sale		$	13,191			$	12,914			$	277

Schedule of changes in level 3 assets and liabilities that were measured at fair value on a recurring basis

The table below presents the changes in Level 3 assets that were measured at fair value on a recurring basis at year-end 2016 and 2015:

		Assets (Liabilities)
(In thousands)		Trading Security				Securities Available for Sale				Commitments to Lend				Forward Commitments				Capitalized Servicing Rights
Balance as of December 31, 2014		$	14,909			$	2,326			$	625			$	(93	)
Sale of AFS Security		—				(1,327		)		—				—				—
Unrealized (loss) gain, net recognized in other non-interest income		(150		)		—				4,364				102				—
Unrealized gain included in accumulated other comprehensive loss		—				(291		)		—				—				—
Paydown of trading security		(570		)		—				—				—				—
Transfers to loans held for sale		—				—				(4,666		)		—				—
Balance as of December 31, 2015		$	14,189			$	708			$	323			$	9			$	—
Amounts acquired from First Choice Bank		—				—				3,900				—				696
Unrealized (loss) gain, net recognized in other non-interest income		(362		)		—				13,563				91				102
Unrealized gain included in accumulated other comprehensive loss		—				—				—				—				—
Transfers to Level 2		—				(708		)		—				—				—
Paydown of trading security		(598		)		—				—				—				—
Transfers to loans held for sale		—				—				(13,048		)		—				—
Balance as of December 31, 2016		$	13,229			$	—			$	4,738			$	100			$	798
Unrealized gains (losses) relating to instruments still held at December 31, 2016		$	1,843			$	—			$	4,738			$	100			$	102
Unrealized gains (losses) relating to instruments still held at December 31, 2015		$	2,204			$	(61	)		$	323			$	9			$	—

Schedule of quantitative information about the significant unobservable inputs within Level 3

The following is a summary of applicable non-recurring fair value measurements. There are no liabilities measured on a non-recurring basis.

		December 31, 2016					Fair Value Measurements as of December 31, 2016
(In thousands)		Level 3 Inputs					Level 3 Inputs
Assets
Impaired loans		$	17,761				December 2016
Capitalized servicing rights		10,726					December 2016
Other real estate owned		151					Feb. 2016 - July 2016
Total		$	28,638

		December 31, 2015					Fair Value Measurements as of December 31, 2015
(In thousands)		Level 3 Inputs					Level 3 Inputs
Assets
Impaired loans		$	11,657				December 2015
Capitalized servicing rights		5,187					November 2015
Other real estate owned		1,725					Feb. 2014 - October 2015
Total		$	18,569

Summary of applicable non-recurring fair value measurements

The estimated fair values, and related carrying amounts, of the Company’s financial instruments follow. Certain financial instruments and all non-financial instruments are excluded from disclosure requirements. Accordingly, the aggregate fair value amounts presented herein may not necessarily represent the underlying fair value of the Company.

		December 31, 2016
		Carrying Amount				Fair Value
(In thousands)										Level 1				Level 2				Level 3
Financial Assets
Cash and cash equivalents		$	113,075			$	113,075			$	113,075			$	—			$	—
Trading security		13,229				13,229				—				—				13,229
Securities available for sale		1,209,537				1,209,537				62,284				1,147,253				—
Securities held to maturity		334,368				337,680				—				300,806				36,874
FHLB stock and restricted equity securities		71,112				71,112				—				71,112				—
Net loans		6,505,789				6,532,745				—				—				6,532,745
Loans held for sale		120,673				120,673				—				120,673				—
Accrued interest receivable		26,113				26,113				—				26,113				—
Cash surrender value of bank-owned life insurance policies		139,257				139,257				—				139,257				—
Derivative assets		21,617				21,617				622				16,157				4,838
Assets held for sale		322				322				—				322				—
Financial Liabilities
Total deposits		6,622,092				6,624,108				—				6,624,108				—
Short-term debt		1,082,044				1,081,996				—				1,081,996				—
Long-term FHLB advances		142,792				143,151				—				143,151				—
Subordinated notes		89,161				96,973				—				96,973				—
Derivative liabilities		24,420				24,420				—				24,420				—

		December 31, 2015
		Carrying Amount				Fair Value
(In thousands)										Level 1				Level 2				Level 3
Financial Assets
Cash and cash equivalents		$	103,562			$	103,562			$	103,562			$	—			$	—
Trading security		14,189				14,189				—				—				14,189
Securities available for sale		1,154,457				1,154,457				32,925				1,120,824				708
Securities held to maturity		131,652				136,904				—				98,367				38,537
FHLB stock and restricted equity securities		71,018				71,018				—				71,018				—
Net loans		5,685,928				5,727,570				—				—				5,727,570
Loans held for sale		13,191				13,191				—				13,191				—
Accrued interest receivable		20,940				20,940				—				20,940				—
Cash surrender value of bank-owned life insurance policies		125,233				125,233				—				125,233				—
Derivative assets		17,507				17,507				45				17,130				332
Assets held for sale		278				278				—				278				—
Financial Liabilities
Total deposits		5,589,135				5,582,835				—				5,582,835				—
Short-term debt		1,071,200				1,071,044				—				1,071,044				—
Long-term FHLB advances		103,135				103,397				—				103,397				—
Subordinated notes		89,812				93,291				—				93,291				—
Derivative liabilities		28,181				28,181				—				28,181				—

Recurring

Fair Value Inputs, Assets, Quantitative Information [Line Items]

Schedule of quantitative information about the significant unobservable inputs within Level 3

Quantitative information about the significant unobservable inputs within Level 3 recurring assets/(liabilities) as of December 31, 2016 and 2015 are as follows:

		Fair Value								Significant Unobservable Input Value
(In thousands)		December 31, 2016				Valuation Techniques		Unobservable Inputs
Assets
Trading Security		$	13,229			Discounted Cash Flow		Discount Rate		2.62		%
Forward Commitments		100				Historical Trend		Closing Ratio		80.36		%
						Pricing Model		Origination Costs, per loan		$	3,692
Commitments to Lend		4,738				Historical Trend		Closing Ratio		80.36		%
						Pricing Model		Origination Costs, per loan		$	3,692
Capitalized Servicing Rights		798				Discounted cash flow		Constant prepayment rate (CPR)		10.40		%
								Discount rate		11.00		%
Total		$	18,865

		Fair Value								Significant Unobservable Input Value
(In thousands)		December 31, 2015				Valuation Techniques		Unobservable Inputs
Assets
Trading Security		$	14,189			Discounted Cash Flow		Discount Rate		2.49		%
Securities Available for Sale		708				Pricing Model		Median Peer Price/ Tangible Book Value Percentage Multiple		88.52		%
Forward Commitments		9				Historical Trend		Closing Ratio		92.57		%
						Pricing Model		Origination Costs, per loan		$	2,500
Commitments to Lend		323				Historical Trend		Closing Ratio		92.57		%
						Pricing Model		Origination Costs, per loan		$	2,500
Total		$	15,229

Non-recurring

Fair Value Inputs, Assets, Quantitative Information [Line Items]

Schedule of quantitative information about the significant unobservable inputs within Level 3

Quantitative information about the significant unobservable inputs within Level 3 non-recurring assets as of December 31, 2016 and 2015 are as follows:

(in thousands)		December 31, 2016				Valuation Techniques		Unobservable Inputs		Range (Weighted Average) (a)
Assets
Impaired loans		$	17,761			Fair value of collateral		Loss severity		0% to 88.70% (9.73%)
								Appraised value		$0 to $2,192 ($1,026)
Capitalized servicing rights		10,726				Discounted cash flow		Constant prepayment rate (CPR)		7.35% to 14.28% (10.44%)
								Discount rate		10.00% to 14.00% (11.77%)
Other real estate owned		151				Fair value of collateral		Appraised value		$101 to $129 ($122)
Total Assets		$	28,638

(a)         Where dollar amounts are disclosed, the amounts represent the lowest and highest fair value of the respective assets in the population except for adjustments for market/property conditions, which represents the range of adjustments to individuals properties.

(in thousands)		December 31, 2015				Valuation Techniques		Unobservable Inputs		Range (Weighted Average) (a)
Assets
Impaired loans		$	11,657			Fair value of collateral		Loss severity		.05% to 29.50% (7.55%)
								Appraised value		$46.3 to $1962.0 ($999.7)
Capitalized servicing rights		5,187				Discounted cash flow		Constant prepayment rate (CPR)		7.17% to 12.06% (10.02%)
								Discount rate		10.00% to 15.00 (10.88%)
Other real estate owned		1,725				Fair value of collateral		Appraised value		$39 to $1,200.0 ($919.9)
Total Assets		$	18,569

(a)   Where dollar amounts are disclosed, the amounts represent the lowest and highest fair value of the respective assets in the population except for adjustments for market/property conditions, which represents the range of adjustments to individuals properties.

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- Definition

Tabular disclosure of the fair value measurement of assets and liabilities using significant unobservable inputs (Level 3), a reconciliation of the beginning and ending balances, separately presenting changes during the period attributable to the following: (1) total gains or losses for the period (realized and unrealized), segregating those gains or losses included in earnings (or changes in net assets) and gains or losses recognized in other comprehensive income (loss), and a description of where those gains or losses included in earnings (or changes in net assets) are reported in the statement of income (or activities); (2) purchases, sales, issues, and settlements (each type disclosed separately); and (3) transfers in and transfers out of Level 3 (for example, transfers due to changes in the observability of significant inputs), by class of asset and liabilities.

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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).

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Tabular disclosure of quantitative information about the inputs used in the fair value measurement of assets. This disclosure may include, but is not limited to, the fair value of the asset, valuation technique used to measure fair value, the inputs used to measure fair value, the ranges of the inputs, and the weighted averages of the inputs.

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Tabular disclosure of the application of the fair value option for measurement and reporting of eligible financial assets and liabilities (as defined), as well as certain other eligible items (as defined) included in the statement of financial position, whether such option is elected for a single eligible item or a group of similar eligible items and is in addition to other disclosures concerning fair value which the company may be required to provide. Such disclosure might be expected to include: (1) for items included in the statement of financial position: (a) for each line item in the statement of financial position that includes an item or items for which the fair value option has been elected, provide the aggregate carrying amount of ineligible items included in each line item in the balance sheet, if any; (b) the difference between the aggregate fair value and the aggregate unpaid principal balance (assuming contractual principal amounts and fair value option elected) of: (i) loans and long-term receivables (other than securities otherwise reported at fair value) and (ii) long-term debt instruments; (c) for loans held as assets for which the fair value option has been elected: (i) the aggregate fair value of loans that are 90 days or more past due, (ii) if the policy is to recognize interest income separately from other changes in fair value, the aggregate fair value of loans in nonaccrual status, and (iii) the difference between the aggregate fair value and the aggregate unpaid principal balance for loans that are 90 days or more past due, in nonaccrual status, or both; (2) for items included in the income statement: (a) the amounts of gains and losses from fair value changes included in earnings and in which line in the income statement those gains and losses are reported whether or not combined with gains and losses from items required to be accounted for at fair value; (b) for loans and other receivables held as assets, the estimated amount of gains or losses included in earnings attributable to changes in instrument-specific credit risk; (c) for liabilities with fair values that have been significantly affected during the reporting period by changes in the instrument-specific credit risk, the estimated amount of gains and losses from fair value changes included in earnings that are attributable to changes in the instrument-specific credit risk; and (3) certain other disclosures as required or determined to be provided.

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