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Fair Value Measurements (Tables)

6 Months Ended

Jun. 30, 2016

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
	June 30, 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	$	531,480			$	—			$	531,480			$	—
GSE mortgage-backed securities	505,010				—				505,010				—
Trust preferred securities	3,713				—				3,713				—
Municipal bonds	46,200				—				44,966				1,234
Mutual funds	13,541				13,541				—				—
Interest rate swaps	9,092				—				9,092				—
Liabilities:
Interest rate swaps	9,092				—				9,092				—

					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 six months ended June 30, 2016:

		Six Months Ended June 30,
		2016				2015
		(In thousands)
Beginning Balance, January 1		$	1,166			$	1,178
Total gains or (losses) included in other comprehensive income		68				(32		)
Ending Balance, June 30		$	1,234			$	1,146

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
	June 30, 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	$	39,661			$	—			$	—			$	39,661
Commercial business	16,230				—				—				16,230
Trade finance	4,451				—				—				4,451
Consumer	161				—				—				161
Loans held for sale, net	307				—				307				—
OREO	6,964				—				—				6,964

					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 June 30,								For the Six Months Ended June 30,
	2016				2015				2016				2015
	(In thousands)
Assets:
Impaired loans at fair value:
Real estate loans	$	(58	)		$	(89	)		$	251			$	445
Commercial business	(176		)		1,650				(2,848		)		2,924
Trade Finance	(215		)		315				1,081				5
Consumer	(32		)		712				(94		)		700
Loans held for sale, net	43				45				43				227
OREO	(668		)		325				(1,245		)		814

Carrying Amounts and Estimated Fair Values of Financial Instruments

Carrying amounts and estimated fair values of financial instruments, not previously presented, at June 30, 2016 and December 31, 2015 were as follows:

	June 30, 2016
	Carrying Amount				Estimated Fair Value				Fair Value Measurement Using
	(In thousands)
Financial Assets:
Cash and cash equivalents	$	286,173			$	286,173			Level 1
Other investments	44,465				44,579				Level 3
Loans held for sale	14,323				15,039				Level 2
Loans receivable—net	6,507,812				6,879,182				Level 3
Customers’ liabilities on acceptances	1,854				1,854				Level 2
Financial Liabilities:
Noninterest bearing deposits	$	1,717,045			$	1,717,045			Level 2
Saving and other interest bearing demand deposits	2,350,527				2,350,527				Level 2
Time deposits	2,569,950				2,574,647				Level 2
FHLB advances	610,398				618,831				Level 2
Subordinated debentures	42,415				44,100				Level 2
Bank’s liabilities on acceptances outstanding	1,854				1,854				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

Reference 1: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 820
-SubTopic 10
-Section 50
-Paragraph 2
-Subparagraph (bbb)
-URI http://asc.fasb.org/extlink&oid=66048111&loc=d3e19207-110258

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- 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
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-Section 50
-Paragraph 2
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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

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-Publisher FASB
-Name Accounting Standards Codification
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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
-Paragraph 1
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