XML 62 R50.htm IDEA: XBRL DOCUMENT v3.8.0.1
Fair Value (Tables)
3 Months Ended
Mar. 31, 2018
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Abstract]  
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis 1 [Table Text Block]
March 31, 2018
Fair Value Measurements
Level 1 Level 2 Level 3 Total
(In thousands)
Recurring fair value measurements:
Investment securities available-for-sale$-$801,641$-$801,641
Trading securities-293-293
Money market investments7,428--7,428
Derivative assets-898-898
Servicing assets--10,53310,533
Derivative liabilities-(752)-(752)
$7,428$802,080$10,533$820,041
Non-recurring fair value measurements:
Impaired commercial loans$-$-$68,580$68,580
Foreclosed real estate--40,31440,314
Other repossessed assets--5,0825,082
$-$-$113,976$113,976

December 31, 2017
Fair Value Measurements
Level 1 Level 2 Level 3 Total
(In thousands)
Recurring fair value measurements:
Investment securities available-for-sale$-$645,797$-$645,797
Trading securities-191-191
Money market investments7,021--7,021
Derivative assets-771-771
Servicing assets--9,8219,821
Derivative liabilities-(1,281)-(1,281)
$7,021$645,478$9,821$662,320
Non-recurring fair value measurements:
Impaired commercial loans$-$-$72,285$72,285
Foreclosed real estate--44,17444,174
Other repossessed assets--3,5483,548
$-$-$120,007$120,007

Servicing assets
Quarter Ended March 31,
Level 3 Instruments Only20182017
(In thousands)
Balance at beginning of period$9,821$9,858
New instruments acquired352534
Principal repayments(199)(162)
Changes in fair value of servicing assets559(542)
Balance at end of period$10,533$9,688
Fair Value Assets And Liabilities Measured On Recurring And Nonrecurring Basis Valuation Techniques [Table Text Block]
March 31, 2018
Fair ValueValuation TechniqueUnobservable InputRange
(In thousands)
Servicing assets$10,533Cash flow valuation Constant prepayment rate4.08% -8.50%
Discount rate10.00% - 12.00%
Collateral dependent impaired loans$35,239Fair value of property or collateralAppraised value less disposition costs19.20% - 35.20%
Other non-collateral dependent impaired loans$33,341Cash flow valuation Discount rate4.15% - 10.50%
Foreclosed real estate$40,314Fair value of property or collateralAppraised value less disposition costs19.20% - 35.20%
Other repossessed assets$5,082Fair value of property or collateralEstimated net realizable value less disposition costs29.00% - 71.00%
Fair Value By Balance Sheet Grouping [Text Block]
March 31,December 31,
20182017
FairCarryingFairCarrying
Value Value Value Value
(In thousands)
Level 1
Financial Assets:
Cash and cash equivalents $ 362,358 $ 362,358 $ 485,203 $ 485,203
Restricted cash$3,030$3,030$3,030$3,030
Level 2
Financial Assets:
Trading securities $ 293 $ 293 $ 191 $ 191
Investment securities available-for-sale$801,641$801,641$645,797$645,797
Investment securities held-to-maturity $ 467,980 $ 485,143 $ 497,681 $ 506,064
Federal Home Loan Bank (FHLB) stock$11,499$11,499$13,995$13,995
Other investments $ 3 $ 3 $ 3 $ 3
Derivative assets$898$898$771$771
Financial Liabilities:
Derivative liabilities$752$752$1,281$1,281
Level 3
Financial Assets:
Total loans (including loans held-for-sale) $ 3,735,449 $ 4,133,429 $ 3,842,907 $ 4,056,329
Accrued interest receivable$35,141$35,141$49,969$49,969
Servicing assets $ 10,533 $ 10,533 $ 9,821 $ 9,821
Accounts receivable and other assets$35,515$35,515$41,898$41,898
Financial Liabilities:
Deposits$4,767,479$4,833,428$4,782,197$4,799,482
Securities sold under agreements to repurchase $ 271,811 $ 273,926 $ 191,104 $ 192,869
Advances from FHLB$43,880$43,934$99,509$99,643
Other borrowings $ 394 $ 394 $ 153 $ 153
Subordinated capital notes$34,158$36,083$33,080$36,083
Accrued expenses and other liabilities $ 85,886 $ 85,886 $ 86,791 $ 86,791