XML 60 R49.htm IDEA: XBRL DOCUMENT v3.19.2

Fair Value of Financial Instruments (Tables)

6 Months Ended

Jun. 30, 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]

	June 30, 2019
	Fair Value Measurements
	Level 1			Level 2			Level 3			Total
	(In thousands)
Recurring fair value measurements:
Investment securities available-for-sale	$	-		$	857,433		$	-		$	857,433
Trading securities		-			412			-			412
Money market investments		7,485			-			-			7,485
Derivative assets		-			26			-			26
Servicing assets		-			-			10,134			10,134
Derivative liabilities		-			(985)			-			(985)
	$	7,485		$	856,886		$	10,134		$	874,505
Non-recurring fair value measurements:
Impaired commercial loans	$	-		$	-		$	83,780		$	83,780
Foreclosed real estate		-			-			29,509			29,509
Other repossessed assets		-			-			2,507			2,507
	$	-		$	-		$	115,796		$	115,796

	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 June 30,
	2019			2018
Balance at beginning of period	$	10,623		$	10,533
New instruments acquired		206			389
Principal repayments		(250)			(210)
Changes in fair value of servicing assets		(445)			117
Balance at end of period	$	10,134		$	10,829
Level 3 Instruments Only	Servicing Assets
	(In thousands)
	Six-Month Period Ended June 30,
	2019			2018
	(In thousands)
Balance at beginning of period	$	10,716		$	9,821
New instruments acquired		508			741
Principal repayments		(451)			(409)
Changes in fair value of servicing assets		(639)			676
Balance at end of period	$	10,134		$	10,829

Fair Value Assets And Liabilities Measured On Recurring And Nonrecurring Basis Valuation Techniques [Table Text Block]

		June 30, 2019
		Fair Value			Valuation Technique		Unobservable Input		Range
		(In thousands)
Servicing assets		$	10,134		Cash flow valuation		Constant prepayment rate		4.38% -8.96%
							Discount rate		10.00% - 12.00%
Collateral dependent impaired loans		$	41,149		Fair value of property or collateral		Appraised value less disposition costs		16.20% - 36.20%
Other non-collateral dependent impaired loans		$	42,631		Cash flow valuation		Discount rate		4.25% - 12.25%
Foreclosed real estate		$	29,509		Fair value of property or collateral		Appraised value less disposition costs		16.20% - 36.20%
Other repossessed assets		$	2,507		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]

	June 30,						December 31,
	2019						2018
	Fair			Carrying			Fair			Carrying
	Value			Value			Value			Value
	(In thousands)
Level 1
Financial Assets:
Cash and cash equivalents	$	676,381		$	676,381		$	447,033		$	447,033
Restricted cash	$	1,049		$	1,049		$	3,030		$	3,030
Level 2
Financial Assets:
Trading securities	$	412		$	412		$	360		$	360
Investment securities available-for-sale	$	857,433		$	857,433		$	841,857		$	841,857
Investment securities held-to-maturity	$	-		$	-		$	410,353		$	424,740
Federal Home Loan Bank (FHLB) stock	$	12,821		$	12,821		$	12,644		$	12,644
Other investments	$	3		$	3		$	3		$	3
Derivative assets	$	26		$	26		$	347		$	347
Financial Liabilities:
Derivative liabilities	$	985		$	985		$	333		$	333
Level 3
Financial Assets:
Total loans (including loans held-for-sale)	$	4,186,613		$	4,474,497		$	4,106,628		$	4,431,594
Accrued interest receivable	$	33,909		$	33,909		$	34,254		$	34,254
Servicing assets	$	10,134		$	10,134		$	10,716		$	10,716
Accounts receivable and other assets	$	37,443		$	37,443		$	37,842		$	37,842
Financial Liabilities:
Deposits	$	4,941,446		$	4,945,137		$	4,881,903		$	4,908,115
Securities sold under agreements to repurchase	$	239,038		$	240,324		$	453,135		$	455,508
Advances from FHLB	$	81,868		$	80,085		$	78,503		$	77,620
Other borrowings	$	338		$	338		$	1,214		$	1,214
Subordinated capital notes	$	37,076		$	36,083		$	36,184		$	36,083
Accrued expenses and other liabilities	$	70,512		$	70,512		$	87,665		$	87,665

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