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Fair Value of Financial Instruments (Tables)

3 Months Ended

Mar. 31, 2020

Fair Value of Financial Instruments [Abstract]

Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis 1 [Table Text Block]

	March 31, 2020
	Fair Value Measurements
	Level 1			Level 2			Level 3			Total
	(In thousands)
Recurring fair value measurements:
Investment securities available-for-sale	$	298,986		$	358,474		$	-		$	657,460
Trading securities		-			29			-			29
Money market investments		10,203			-			-			10,203
Derivative assets		-			2			-			2
Servicing assets		-			-			49,287			49,287
Derivative liabilities		-			(2,059)			-			(2,059)
	$	309,189		$	356,446		$	49,287		$	714,922
Non-recurring fair value measurements:
Collateral dependant loans		-			-			33,694			33,694
Foreclosed real estate		-			-			27,292			27,292
Other repossessed assets		-			-			3,096			3,096
	$	-		$	-		$	64,082		$	64,082

	December 31, 2019
	Fair Value Measurements
	Level 1			Level 2			Level 3			Total
	(In thousands)
Recurring fair value measurements:
Investment securities available-for-sale	$	397,183		$	676,986		$	-		$	1,074,169
Trading securities		-			37			-			37
Money market investments		6,775			-			-			6,775
Derivative assets		-			6			-			6
Servicing assets		-			-			50,779			50,779
Derivative liabilities		-			(913)			-			(913)
	$	403,958		$	676,116		$	50,779		$	1,130,853
Non-recurring fair value measurements:
Impaired commercial loans	$	-		$	-		$	61,128		$	61,128
Foreclosed real estate		-			-			29,909			29,909
Other repossessed assets		-			-			3,327			3,327
	$	-		$	-		$	94,364		$	94,364

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,
	2020			2019
Balance at beginning period	$	50,779		$	10,716
New instruments acquired		456			302
Principal repayments		(767)			(201)
Changes in fair value of servicing assets		(1,181)			(194)
Balance at end of period	$	49,287		$	10,623

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

		March 31, 2020
		Fair Value			Valuation Technique		Unobservable Input		Range		Weighted Average
		(In thousands)
Servicing assets		$	49,287		Cash flow valuation		Constant prepayment rate		5.02% - 19.08%		6.72%
							Discount rate		10.00% - 15.50%		11.35%
Collateral dependent loans		$	33,694		Fair value of property or collateral		Appraised value less disposition costs		13.20% - 44.20%		23.00%
Foreclosed real estate		$	27,292		Fair value of property or collateral		Appraised value less disposition costs		13.20% - 44.20%		18.53%
Other repossessed assets		$	3,096		Fair value of property or collateral		Estimated net realizable value less disposition costs		36.00% - 64.00%		52.0%

Fair Value By Balance Sheet Grouping [Text Block]

	March 31,						December 31,
	2020						2019
	Fair			Carrying			Fair			Carrying
	Value			Value			Value			Value
	(In thousands)
Level 1
Financial Assets:
Cash and cash equivalents	$	1,324,891		$	1,324,891		$	851,307		$	851,307
Restricted cash	$	1,050		$	1,050		$	1,450		$	1,450
Level 2
Financial Assets:
Trading securities	$	29		$	29		$	37		$	37
Investment securities available-for-sale	$	657,460		$	657,460		$	1,074,169		$	1,074,169
Federal Home Loan Bank (FHLB) stock	$	10,301		$	10,301		$	13,048		$	13,048
Other investments	$	973		$	973		$	560		$	560
Derivative assets	$	2		$	2		$	6		$	6
Financial Liabilities:
Derivative liabilities	$	2,059		$	2,059		$	913		$	913
Level 3
Financial Assets:
Total loans (including loans held-for-sale)	$	6,166,068		$	6,541,174		$	5,894,745		$	6,641,847
Accrued interest receivable	$	40,181		$	40,181		$	36,781		$	36,781
Servicing assets	$	49,287		$	49,287		$	50,779		$	50,779
Accounts receivable and other assets	$	70,351		$	70,351		$	78,595		$	78,595
Financial Liabilities:
Deposits	$	7,802,049		$	7,819,271		$	7,679,685		$	7,698,610
Securities sold under agreements to repurchase	$	49,907		$	50,103		$	190,345		$	190,274
Advances from FHLB	$	80,070		$	76,961		$	79,620		$	78,009
Other borrowings	$	640		$	640		$	1,195		$	1,195
Subordinated capital notes	$	38,693		$	36,083		$	35,886		$	36,083
Accrued expenses and other liabilities	$	181,395		$	181,395		$	185,661		$	185,661

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.

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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.

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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.

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Tabular disclosure of the fair value of financial instruments, including financial assets and financial liabilities, and the measurements of those instruments, assets, and liabilities.

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