XML 60 R48.htm IDEA: XBRL DOCUMENT
v3.19.1

Fair Value of Financial Instruments (Tables) | 3 Months Ended
--- | ---
Mar. 31, 2019
Fair Value Assets And Liabilities Measured On Recurring And Non-Recurring Basis [Abstract] |
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis 1 [Table Text Block] |
| March 31, 2019
| Fair Value Measurements
| Level 1 |  | Level 2 |  | Level 3 |  | Total
| (In thousands)
Recurring fair value measurements: |  |  |  |  |  |  |  |  |  |  |
Investment securities available-for-sale | $ | - |  | $ | 1,239,469 |  | $ | - |  | $ | 1,239,469
Trading securities |  | - |  |  | 381 |  |  | - |  |  | 381
Money market investments |  | 7,665 |  |  | - |  |  | - |  |  | 7,665
Derivative assets |  | - |  |  | 110 |  |  | - |  |  | 110
Servicing assets |  | - |  |  | - |  |  | 10,623 |  |  | 10,623
Derivative liabilities |  | - |  |  | (439) |  |  | - |  |  | (439)
| $ | 7,665 |  | $ | 1,239,521 |  | $ | 10,623 |  | $ | 1,257,809
Non-recurring fair value measurements: |  |  |  |  |  |  |  |  |  |  |
Impaired commercial loans | $ | - |  | $ | - |  | $ | 89,362 |  | $ | 89,362
Foreclosed real estate |  | - |  |  | - |  |  | 30,865 |  |  | 30,865
Other repossessed assets |  | - |  |  | - |  |  | 3,574 |  |  | 3,574
| $ | - |  | $ | - |  | $ | 123,801 |  | $ | 123,801
| December 31, 2018
| Fair Value Measurements
| Level 1 |  | Level 2 |  | Level 3 |  | Total
| (In thousands)
Recurring fair value measurements: |  |  |  |  |  |  |  |  |  |  |
Investment securities available-for-sale | $ | - |  | $ | 841,857 |  | $ | - |  | $ | 841,857
Trading securities |  | - |  |  | 360 |  |  | - |  |  | 360
Money market investments |  | 4,930 |  |  | - |  |  | - |  |  | 4,930
Derivative assets |  | - |  |  | 347 |  |  | - |  |  | 347
Servicing assets |  | - |  |  | - |  |  | 10,716 |  |  | 10,716
Derivative liabilities |  | - |  |  | (333) |  |  | - |  |  | (333)
| $ | 4,930 |  | $ | 842,231 |  | $ | 10,716 |  | $ | 857,877
Non-recurring fair value measurements: |  |  |  |  |  |  |  |  |  |  |
Impaired commercial loans | $ | - |  | $ | - |  | $ | 81,976 |  | $ | 81,976
Foreclosed real estate |  | - |  |  | - |  |  | 33,768 |  |  | 33,768
Other repossessed assets |  | - |  |  | - |  |  | 2,986 |  |  | 2,986
| $ | - |  | $ | - |  | $ | 118,730 |  | $ | 118,730
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation [Table Text Block] |
Level 3 Instruments Only | Servicing Assets
| (In thousands)
| Quarter Ended March 31,
| 2019 |  | 2018
Balance at beginning of period | $ | 10,716 |  | $ | 9,821
New instruments acquired |  | 302 |  |  | 352
Principal repayments |  | (201) |  |  | (199)
Changes in fair value of servicing assets |  | (194) |  |  | 559
Balance at end of period | $ | 10,623 |  | $ | 10,533
Fair Value Assets And Liabilities Measured On Recurring And Nonrecurring Basis Valuation Techniques [Table Text Block] |
|  | March 31, 2019
|  | Fair Value |  | Valuation Technique |  | Unobservable Input |  | Range
|  | (In thousands) |  |  |  |  |  |
Servicing assets |  | $ | 10,623 |  | Cash flow valuation |  | Constant prepayment rate |  | 4.38% -8.96%
|  |  |  |  |  |  | Discount rate |  | 10.00% - 12.00%
Collateral dependent impaired loans |  | $ | 44,717 |  | Fair value of property or collateral |  | Appraised value less disposition costs |  | 16.20% - 36.20%
Other non-collateral dependent impaired loans |  | $ | 44,645 |  | Cash flow valuation |  | Discount rate |  | 4.25% - 12.25%
Foreclosed real estate |  | $ | 30,865 |  | Fair value of property or collateral |  | Appraised value less disposition costs |  | 16.20% - 36.20%
Other repossessed assets |  | $ | 3,574 |  | Fair value of property or collateral |  | Estimated net realizable value less disposition costs |  | 40.00% - 60.00%
Fair Value By Balance Sheet Grouping [Text Block] |
| March 31, |  | December 31,
| 2019 |  | 2018
| Fair |  | Carrying |  | Fair |  | Carrying
| Value |  | Value |  | Value |  | Value
| (In thousands)
Level 1 |  |  |  |  |  |  |  |  |  |  |
Financial Assets: |  |  |  |  |  |  |  |  |  |  |
Cash and cash equivalents | $ | 505,993 |  | $ | 505,993 |  | $ | 447,033 |  | $ | 447,033
Restricted cash | $ | 3,030 |  | $ | 3,030 |  | $ | 3,030 |  | $ | 3,030
Level 2 |  |  |  |  |  |  |  |  |  |  |
Financial Assets: |  |  |  |  |  |  |  |  |  |  |
Trading securities | $ | 381 |  | $ | 381 |  | $ | 360 |  | $ | 360
Investment securities available-for-sale | $ | 1,239,469 |  | $ | 1,239,469 |  | $ | 841,857 |  | $ | 841,857
Investment securities held-to-maturity | $ | - |  | $ | - |  | $ | 410,353 |  | $ | 424,740
Federal Home Loan Bank (FHLB) stock | $ | 12,800 |  | $ | 12,800 |  | $ | 12,644 |  | $ | 12,644
Other investments | $ | 3 |  | $ | 3 |  | $ | 3 |  | $ | 3
Derivative assets | $ | 110 |  | $ | 110 |  | $ | 347 |  | $ | 347
Financial Liabilities: |  |  |  |  |  |  |  |  |  |  |
Derivative liabilities | $ | 439 |  | $ | 439 |  | $ | 333 |  | $ | 333
Level 3 |  |  |  |  |  |  |  |  |  |  |
Financial Assets: |  |  |  |  |  |  |  |  |  |  |
Total loans (including loans held-for-sale) | $ | 4,074,348 |  | $ | 4,401,401 |  | $ | 4,106,628 |  | $ | 4,431,594
Accrued interest receivable | $ | 33,152 |  | $ | 33,152 |  | $ | 34,254 |  | $ | 34,254
Servicing assets | $ | 10,623 |  | $ | 10,623 |  | $ | 10,716 |  | $ | 10,716
Accounts receivable and other assets | $ | 35,482 |  | $ | 35,482 |  | $ | 37,842 |  | $ | 37,842
Financial Liabilities: |  |  |  |  |  |  |  |  |  |  |
Deposits | $ | 4,868,473 |  | $ | 4,897,101 |  | $ | 4,881,903 |  | $ | 4,908,115
Securities sold under agreements to repurchase | $ | 429,250 |  | $ | 431,566 |  | $ | 453,135 |  | $ | 455,508
Advances from FHLB | $ | 81,366 |  | $ | 81,111 |  | $ | 78,503 |  | $ | 77,620
Other borrowings | $ | 286 |  | $ | 286 |  | $ | 1,214 |  | $ | 1,214
Subordinated capital notes | $ | 35,458 |  | $ | 36,083 |  | $ | 36,184 |  | $ | 36,083
Accrued expenses and other liabilities | $ | 87,004 |  | $ | 87,004 |  | $ | 87,664 |  | $ | 87,664

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

X
- Definition Tabular disclosure of financial instruments measured at fair value, including those classified in shareholders' equity measured on a recurring or nonrecurring basis. Disclosures include, but are not limited to, fair value measurements recorded and the reasons for the measurements, level within the fair value hierarchy in which the fair value measurements are categorized and transfers between levels 1 and 2. Nonrecurring fair value measurements are those that are required or permitted in the statement of financial position in particular circumstances. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 820 -SubTopic 10 -Section 50 -Paragraph 2 -Subparagraph (b) -URI http://asc.fasb.org/extlink&oid=99377789&loc=d3e19207-110258 Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 820 -SubTopic 10 -Section 50 -Paragraph 3 -URI http://asc.fasb.org/extlink&oid=99377789&loc=d3e19279-110258 Reference 3: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 820 -SubTopic 10 -Section 50 -Paragraph 2C -URI http://asc.fasb.org/extlink&oid=99377789&loc=SL7498348-110258 Reference 4: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 820 -SubTopic 10 -Section 50 -Paragraph 1 -URI http://asc.fasb.org/extlink&oid=99377789&loc=d3e19190-110258 Reference 5: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 820 -SubTopic 10 -Section 50 -Paragraph 2 -Subparagraph (a) -URI http://asc.fasb.org/extlink&oid=99377789&loc=d3e19207-110258 Reference 6: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 820 -SubTopic 10 -Section 50 -Paragraph 2 -Subparagraph (bb) -URI http://asc.fasb.org/extlink&oid=99377789&loc=d3e19207-110258 + Details
Name: | us-gaap_FairValueAssetsAndLiabilitiesMeasuredOnRecurringAndNonrecurringBasisTableTextBlock
Namespace Prefix: | us-gaap_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of input and valuation technique used to measure fair value and change in valuation approach and technique for each separate class of asset and liability measured on recurring and nonrecurring basis. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 820 -SubTopic 10 -Section 50 -Paragraph 2 -Subparagraph (bbb) -URI http://asc.fasb.org/extlink&oid=99377789&loc=d3e19207-110258 + Details
Name: | us-gaap_FairValueAssetsAndLiabilitiesMeasuredOnRecurringAndNonrecurringBasisValuationTechniquesTableTextBlock
Namespace Prefix: | us-gaap_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of the fair value measurement of assets 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. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 820 -SubTopic 10 -Section 50 -Paragraph 3 -URI http://asc.fasb.org/extlink&oid=99377789&loc=d3e19279-110258 Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 820 -SubTopic 10 -Section 50 -Paragraph 2 -Subparagraph (c) -URI http://asc.fasb.org/extlink&oid=99377789&loc=d3e19207-110258 + Details
Name: | us-gaap_FairValueAssetsMeasuredOnRecurringBasisUnobservableInputReconciliationTextBlock
Namespace Prefix: | us-gaap_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration

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://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 825 -SubTopic 10 -Section 50 -Paragraph 11 -URI http://asc.fasb.org/extlink&oid=109250915&loc=d3e13467-108611 Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 820 -SubTopic 10 -Section 50 -Paragraph 2 -Subparagraph (a) -URI http://asc.fasb.org/extlink&oid=99377789&loc=d3e19207-110258 + Details
Name: | us-gaap_FairValueByBalanceSheetGroupingTextBlock
Namespace Prefix: | us-gaap_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration