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Fair Value Measurements (Tables)

3 Months Ended

Mar. 31, 2016

Dec. 31, 2015

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
	March 31, 2016				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	$	498,026			$	—			$	498,026			$	—
GSE mortgage-backed securities	526,910				—				526,910				—
Trust preferred securities	3,394				—				3,394				—
Municipal bonds	46,113				—				44,904				1,209
Mutual funds	13,454				13,454				—				—
Interest rate swaps	6,260				—				6,260				—
Liabilities:
Interest rate swaps	6,260				—				6,260				—

					Fair Value Measurements at the End of the Reporting Period Using
	December 31, 2015				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	$	449,980			$	—			$	449,980			$	—
GSE mortgage-backed securities	498,047				—				498,047				—
Trust preferred securities	3,749				—				3,749				—
Municipal bonds	45,511				—				44,345				1,166
Mutual funds	13,269				13,269				—				—
Interest rate swaps	2,680				—				2,680				—
Liabilities:
Interest rate swaps	2,680				—				2,680				—

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 three months ended March 31, 2016:

		Three Months Ended March 31,
		2016				2015
		(In thousands)
Beginning Balance, January 1		$	1,166			$	1,178
Purchases, issuances and settlements		—				—
Amortization		—				—
Total gains included in other comprehensive income		43				17
Ending Balance, March 31		$	1,209			$	1,195

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
	March 31, 2016				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	$	44,616			$	—			$	—			$	44,616
Commercial business	6,026				—				—				6,026
Trade finance	—				—				—				—
Consumer	264				—				—				264
Loans held for sale, net	400				—				400				—
OREO	5,514				—				—				5,514

					Fair Value Measurements at the End of the Reporting Period Using
	December 31, 2015				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	$	18,251			$	—			$	—			$	18,251
Commercial business	9,366				—				—				9,366
Trade Finance	15,540				—				—				15,540
Consumer	391				—				—				391
Loans held for sale, net	348				—				348				—
OREO	18,308				—				—				18,308

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 March 31,
	2016				2015
	(In thousands)
Assets:
Impaired loans at fair value:
Real estate loans	$	309			$	534
Commercial business	(2,672		)		1,274
Trade Finance	1,296				(310		)
Consumer	(62		)		(12		)
Loans held for sale, net	15				182
OREO	(577		)		(425		)

Carrying Amounts and Estimated Fair Values of Financial Instruments

Carrying amounts and estimated fair values of financial instruments, not previously presented, at March 31, 2016 and December 31, 2015 were as follows:

	March 31, 2016
	Carrying Amount				Estimated Fair Value				Fair Value Measurement Using
	(In thousands)
Financial Assets:
Cash and cash equivalents	$	236,101			$	236,101			Level 1
Other investments	49,365				49,461				Level 3
Loans held for sale	13,843				14,535				Level 2
Loans receivable—net	6,295,079				6,713,741				Level 3
Customers’ liabilities on acceptances	2,769				2,769				Level 2
Financial Liabilities:
Noninterest bearing deposits	$	1,695,040			$	1,695,040			Level 2
Saving and other interest bearing demand deposits	2,133,340				2,133,340				Level 2
Time deposits	2,639,031				2,643,155				Level 2
FHLB advances	530,495				535,782				Level 2
Subordinated debentures	42,371				44,138				Level 2
Bank’s liabilities on acceptances outstanding	2,769				2,769				Level 2
	December 31, 2015
	Carrying Amount				Estimated Fair Value				Fair Value Measurement Using
	(In thousands)
Financial Assets:
Cash and cash equivalents	$	298,389			$	298,389			Level 1
Other investments	47,895				47,919				Level 3
Loans held for sale	8,273				8,669				Level 2
Loans receivable—net	6,171,933				6,559,838				Level 3
Customers’ liabilities on acceptances	1,463				1,463				Level 2
Financial Liabilities:
Noninterest bearing deposits	$	1,694,427			$	1,694,427			Level 2
Saving and other interest bearing demand deposits	2,170,748				2,170,748				Level 2
Time deposits	2,475,801				2,478,858				Level 2
FHLB advances	530,591				532,137				Level 2
Subordinated debentures	42,327				44,084				Level 2
Bank’s liabilities on acceptances outstanding	1,463				1,463				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

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-Publisher FASB
-Name Accounting Standards Codification
-Topic 820
-SubTopic 10
-Section 50
-Paragraph 5
-URI http://asc.fasb.org/extlink&oid=36462937&loc=d3e19296-110258

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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.

+ 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 (c)
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-Publisher FASB
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- 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 825
-SubTopic 10
-Section 50
-Paragraph 12
-URI http://asc.fasb.org/extlink&oid=49121117&loc=d3e13476-108611

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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

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-Publisher FASB
-Name Accounting Standards Codification
-Topic 820
-SubTopic 10
-Section 50
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