XML 40 R31.htm IDEA: XBRL DOCUMENT
v2.4.0.8

Fair Value Measurements (Tables) | 9 Months Ended
--- | ---
Sep. 30, 2014
Fair Value Disclosures [Abstract] |
Assets and Liabilities Measured at Fair Value on a Recurring Basis | Assets and liabilities measured at fair value on a recurring basis are summarized below:
|  |  | Fair Value Measurements at the End of the Reporting Period Using
| September 30, 2014 |  | Quoted Prices in Active Markets for Identical Assets (Level 1) |  | Significant Other Observable Inputs (Level 2) |  | Significant Unobservable Inputs (Level 3)
| (In thousands)
Assets: |  |  |  |  |  |  |
Securities available for sale: |  |  |  |  |  |  |
GSE collateralized mortgage obligations | $ | 273,417 |  |  | $ | — |  |  | $ | 273,417 |  |  | $ | — |
GSE mortgage-backed securities | 409,809 |  |  | — |  |  | 409,809 |  |  | — |
Trust preferred securities | 4,050 |  |  | — |  |  | 4,050 |  |  | — |
Municipal bonds | 6,118 |  |  | — |  |  | 4,972 |  |  | 1,146 |
Mutual funds | 17,231 |  |  | 17,231 |  |  | — |  |  | — |
|  |  | Fair Value Measurements at the End of the Reporting Period Using
| December 31, 2013 |  | Quoted Prices in Active Markets for Identical Assets (Level 1) |  | Significant Other Observable Inputs (Level 2) |  | Significant Unobservable Inputs (Level 3)
| (In thousands)
Assets: |  |  |  |  |  |  |
Securities available for sale: |  |  |  |  |  |  |
GSE collateralized mortgage obligations | $ | 274,101 |  |  | $ | — |  |  | $ | 274,101 |  |  | $ | — |
GSE mortgage-backed securities | 404,996 |  |  | — |  |  | 404,996 |  |  | — |
Trust preferred securities | 3,697 |  |  | — |  |  | 3,697 |  |  | — |
Municipal bonds | 5,936 |  |  | — |  |  | 4,824 |  |  | 1,112 |
Mutual funds | 17,021 |  |  | 17,021 |  |  | — |  |  | — |
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation [Table Text Block] | The table below presents a reconciliation and income statement classification of gains and losses for all assets measured at fair value on a recurring basis using significant unobservable inputs (Level 3) for the nine months ended September 30, 2014:
|  | Nine Months Ended September 30,
|  | 2014 |  | 2013
|  | (In thousands)
Beginning Balance, January 1 |  | $ | 1,112 |  |  | $ | — |
Purchases, issuances and settlements |  | — |  |  | 1,202 |
Amortization |  | — |  |  | (15 | )
Total gains or (losses) included in earnings |  | — |  |  | — |
Total gains or (losses) included in other comprehensive income |  | 34 |  |  | (45 | )
Ending Balance, September 30 |  | $ | 1,146 |  |  | $ | 1,142 |
Assets Measured at Fair Value on a Non-recurring Basis | Assets measured at fair value on a non-recurring basis are summarized below:
|  |  | Fair Value Measurements at the End of the Reporting Period Using
| September 30, 2014 |  | Quoted Prices in Active Markets for Identical Assets (Level 1) |  | Significant Other Observable Inputs (Level 2) |  | Significant Unobservable Inputs (Level 3)
| (In thousands)
Assets: |  |  |  |  |  |  |
Impaired loans at fair value: |  |  |  |  |  |  |
Real estate loans | $ | 40,082 |  |  | $ | — |  |  | $ | 40,082 |  |  | $ | — |
Commercial business | 2,678 |  |  | — |  |  | 2,678 |  |  | — |
Trade finance | 768 |  |  | — |  |  | 768 |  |  | — |
Consumer | 604 |  |  | — |  |  | 604 |  |  | — |
Loans held for sale, net | 2,578 |  |  | — |  |  | 2,578 |  |  | — |
OREO | 11,163 |  |  | — |  |  | 11,163 |  |  | — |
|  |  | Fair Value Measurements at the End of the Reporting Period Using
| December 31, 2013 |  | Quoted Prices in Active Markets for Identical Assets (Level 1) |  | Significant Other Observable Inputs (Level 2) |  | Significant Unobservable Inputs (Level 3)
| (In thousands)
Assets: |  |  |  |  |  |  |
Impaired loans at fair value: |  |  |  |  |  |  |
Real estate loans | $ | 18,746 |  |  | $ | — |  |  | $ | 18,746 |  |  | $ | — |
Commercial business | 2,383 |  |  | — |  |  | 2,383 |  |  | — |
Loans held for sale, net | 6,900 |  |  | — |  |  | 6,900 |  |  | — |
OREO | 4,003 |  |  | — |  |  | 4,003 |  |  | — |
For assets measured at fair value on a non-recurring basis, the total net gains (losses), which include charge offs, recoveries, specific reserves, and gains and losses on sales recognized are summarized below:
| For the Three Months ended September 30, |  | For the Nine Months ended September 30,
| 2014 |  | 2013 |  | 2014 |  | 2013
| (In thousands)
Assets: |  |  |  |  |  |  |
Impaired loans at fair value: |  |  |  |  |  |  |
Real estate loans | $ | (901 | ) |  | $ | (1,759 | ) |  | $ | 1,015 |  |  | $ | (9,700 | )
Commercial business | (1,921 | ) |  | (509 | ) |  | (5,337 | ) |  | (1,703 | )
Trade Finance | (1,036 | ) |  | — |  |  | (3,232 | ) |  | — |
Consumer | 9 |  |  | — |  |  | 158 |  |  | — |
Loans held for sale, net | (224 | ) |  | (530 | ) |  | (224 | ) |  | (530 | )
OREO | (600 | ) |  | (570 | ) |  | (931 | ) |  | (956 | )
Carrying Amounts and Estimated Fair Values of Financial Instruments | Carrying amounts and estimated fair values of financial instruments, not previously presented, at September 30, 2014 and December 31, 2013 were as follows:
| September 30, 2014
| Carrying Amount |  | Estimated Fair Value |  | Fair Value Measurement Using
| (In thousands)
Financial Assets: |  |  |  |  |
Cash and cash equivalents | $ | 443,320 |  |  | $ | 443,320 |  |  | Level 1
Loans held for sale | 45,695 |  |  | 47,851 |  |  | Level 2
Loans receivable—net | 5,364,612 |  |  | 5,724,155 |  |  | Level 3
FDIC loss share receivable | — |  |  | — |  |  | Level 3
Customers’ liabilities on acceptances | 3,822 |  |  | 3,822 |  |  | Level 2
Financial Liabilities: |  |  |  |  |
Noninterest bearing deposits | $ | 1,503,275 |  |  | $ | 1,503,275 |  |  | Level 2
Saving and other interest bearing demand deposits | 1,737,420 |  |  | 1,737,420 |  |  | Level 2
Time deposits | 2,269,059 |  |  | 2,273,024 |  |  | Level 2
FHLB advances | 467,071 |  |  | 466,106 |  |  | Level 2
Subordinated debentures | 42,117 |  |  | 44,010 |  |  | Level 2
Bank’s liabilities on acceptances outstanding | 3,822 |  |  | 3,822 |  |  | Level 2
| December 31, 2013
| Carrying Amount |  | Estimated Fair Value |  | Fair Value Measurement Using
| (In thousands)
Financial Assets: |  |  |  |  |
Cash and cash equivalents | $ | 316,705 |  |  | $ | 316,705 |  |  | Level 1
Loans held for sale | 44,115 |  |  | 45,975 |  |  | Level 2
Loans receivable—net | 5,006,856 |  |  | 5,450,008 |  |  | Level 3
FDIC loss share receivable | 1,110 |  |  | 1,110 |  |  | Level 3
Customers’ liabilities on acceptances | 5,602 |  |  | 5,602 |  |  | Level 2
Financial Liabilities: |  |  |  |  |
Noninterest bearing deposits | $ | 1,399,454 |  |  | $ | 1,399,454 |  |  | Level 2
Saving and other interest bearing demand deposits | 1,598,514 |  |  | 1,598,514 |  |  | Level 2
Time deposits | 2,150,089 |  |  | 2,156,514 |  |  | Level 2
FHLB advances | 421,352 |  |  | 421,258 |  |  | Level 2
Subordinated debentures | 57,410 |  |  | 56,544 |  |  | Level 2
Bank’s liabilities on acceptances outstanding | 5,602 |  |  | 5,602 |  |  | Level 2

X
- Definition 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). + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 820 -SubTopic 10 -Section 50 -Paragraph 5 -URI http://asc.fasb.org/extlink&oid=25499696&loc=d3e19296-110258 + Details
Name: | us-gaap_FairValueAssetsMeasuredOnNonrecurringBasisTextBlock
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://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 820 -SubTopic 10 -Section 50 -Paragraph 3 -URI http://asc.fasb.org/extlink&oid=25499696&loc=d3e19279-110258 Reference 2: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 820 -SubTopic 10 -Section 50 -Paragraph 2 -Subparagraph (c) -URI http://asc.fasb.org/extlink&oid=25499696&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://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 820 -SubTopic 10 -Section 50 -Paragraph 2 -Subparagraph (a) -URI http://asc.fasb.org/extlink&oid=25499696&loc=d3e19207-110258 Reference 2: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 825 -SubTopic 10 -Section 50 -Paragraph 10 -Subparagraph (a) -URI http://asc.fasb.org/extlink&oid=28364263&loc=d3e13433-108611 Reference 3: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 825 -SubTopic 10 -Section 50 -Paragraph 11 -URI http://asc.fasb.org/extlink&oid=28364263&loc=d3e13467-108611 Reference 4: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 825 -SubTopic 10 -Section 50 -Paragraph 12 -URI http://asc.fasb.org/extlink&oid=28364263&loc=d3e13476-108611 Reference 5: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 825 -SubTopic 10 -Section 50 -Paragraph 30 -Subparagraph (a) -URI http://asc.fasb.org/extlink&oid=6957238&loc=d3e14172-108612 Reference 6: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 825 -SubTopic 10 -Section 45 -Paragraph 2 -URI http://asc.fasb.org/extlink&oid=6447952&loc=d3e13220-108610 + Details
Name: | us-gaap_FairValueByBalanceSheetGroupingTextBlock
Namespace Prefix: | us-gaap_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Details
Name: | us-gaap_FairValueDisclosuresAbstract
Namespace Prefix: | us-gaap_
Data Type: | xbrli:stringItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of assets and liabilities, including [financial] instruments measured at fair value that are classified in stockholders' equity, if any, that are measured at fair value on a recurring basis. The disclosures contemplated herein include the fair value measurements at the reporting date by the level within the fair value hierarchy in which the fair value measurements in their entirety fall, segregating fair value measurements using quoted prices in active markets for identical assets (Level 1), significant other observable inputs (Level 2), and significant unobservable inputs (Level 3). + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 820 -SubTopic 10 -Section 50 -Paragraph 1 -URI http://asc.fasb.org/extlink&oid=25499696&loc=d3e19190-110258 + Details
Name: | us-gaap_ScheduleOfFairValueAssetsAndLiabilitiesMeasuredOnRecurringBasisTableTextBlock
Namespace Prefix: | us-gaap_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration