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Fair Value Measurements (Tables)

12 Months Ended

Dec. 31, 2018

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
	December 31, 2018				Quoted Prices in Active Markets for Identical Assets (Level 1)				Significant Other Observable Inputs (Level 2)				Significant Unobservable Inputs (Level 3)
	(Dollars in thousands)
Assets:
Securities available for sale:
U.S. Government agency and U.S. Government sponsored enterprises:
Collateralized mortgage obligations	$	895,122			$	—			$	895,122			$	—
Mortgage-backed securities:
Residential	402,605				—				402,605				—
Commercial	469,126				—				469,126				—
Corporate securities	3,826				—				3,826				—
Municipal securities	75,586				—				74,527				1,059
Equity investments with readily determinable fair value	23,405				23,405				—				—
Interest rate swaps	7,059				—				7,059				—
Mortgage banking derivatives	10				—				10				—
Liabilities:
Interest rate swaps	7,059				—				7,059				—
Mortgage banking derivatives	3				—				3				—

					Fair Value Measurements at the End of the Reporting Period Using
	December 31, 2017				Quoted Prices in Active Markets for Identical Assets (Level 1)				Significant Other Observable Inputs (Level 2)				Significant Unobservable Inputs (Level 3)
	(Dollars in thousands)
Assets:
Securities available for sale:
U.S. Government agency and U.S. Government sponsored enterprises:
Collateralized mortgage obligations	$	838,709			$	—			$	838,709			$	—
Mortgage-backed securities:
Residential	471,214				—				471,214
Commercial	301,365				—				301,365
Corporate securities	4,475				—				4,475				—
Municipal securities	82,537				—				81,429				1,108
Mutual funds	21,957				21,957				—				—
Interest rate swaps	4,506				—				4,506				—
Mortgage banking derivatives	33				—				33				—
Liabilities:
Interest rate swaps	4,506				—				4,506				—
Mortgage banking derivatives	5				—				5				—

Assets Measured at Fair Value on a Non-recurring Basis

Assets measured at fair value on a non-recurring basis at December 31, 2018 and 2017 are summarized below:

					Fair Value Measurements at the End of the Reporting Period Using
	December 31, 2018				Quoted Prices in Active Markets for Identical Assets (Level 1)				Significant Other Observable Inputs (Level 2)				Significant Unobservable Inputs (Level 3)
	(Dollars in thousands)
Assets:
Impaired loans at fair value:
Real estate loans	$	9,379			$	—			$	—			$	9,379
Commercial business	9,951				—				—				9,951
Consumer	66				—				—				66
Other real estate owned	5,659				—				—				5,659

					Fair Value Measurements at the End of the Reporting Period Using
	December 31, 2017				Quoted Prices in Active Markets for Identical Assets (Level 1)				Significant Other Observable Inputs (Level 2)				Significant Unobservable Inputs (Level 3)
	(Dollars in thousands)
Assets:
Impaired loans at fair value:
Real estate loans	$	6,086			$	—			$	—			$	6,086
Commercial business	3,320				—				—				3,320
Consumer	84				—				—				84
Other real estate owned	5,615				—				—				5,615

For assets measured at fair value on a non-recurring basis, the total net (losses) gains which include charge offs, recoveries, specific reserves, and gains and losses on sales recognized in 2018 and 2017 are summarized below:

	Year Ended December 31,
	2018				2017
	(Dollars in thousands)
Assets:
Impaired loans at fair value:
Real estate loans	$	(4,511	)		$	(2,552	)
Commercial business	(322		)		(5,424		)
Trade finance	(364		)		(1,187		)
Consumer	(1,155		)		(912		)
Loans held for sale, net	—				12
Other real estate owned	823				(1,962		)

Carrying Amounts and Estimated Fair Values of Financial Instruments

Carrying amounts and estimated fair values of financial instruments, not previously presented, at December 31, 2018 and December 31, 2017 were as follows:

	December 31, 2018
	Carrying Amount				Estimated Fair Value				Fair Value Measurement
	(Dollars in thousands)
Financial Assets:
Cash and cash equivalents	$	459,606			$	459,606			Level 1
Interest bearing deposits in other financial institutions	29,409				29,374				Level 2/3
Equity investments without readily determinable fair values	26,430				26,430				Level 2
Loans held for sale	25,128				25,943				Level 2
Loans receivable—net	12,005,558				11,913,906				Level 3
FHLB stock	25,461				N/A				N/A
Accrued interest receivable	32,225				32,225				Level 2/3
Servicing assets, net	23,132				24,762				Level 3
Customers’ liabilities on acceptances	2,281				2,281				Level 2
Financial Liabilities:
Noninterest bearing deposits	$	3,022,633			$	3,022,633			Level 2
Saving and other interest bearing demand deposits	3,262,399				3,262,399				Level 2
Time deposits	5,870,624				5,889,030				Level 2
FHLB advances	821,280				810,812				Level 2
Convertible debt	194,543				180,525				Level 1
Subordinated debentures	101,929				116,542				Level 2
Accrued interest payable	31,374				31,374				Level 2
Acceptances outstanding	2,281				2,281				Level 2
	December 31, 2017
	Carrying Amount				Estimated Fair Value				Fair Value Measurement
	(Dollars in thousands)
Financial Assets:
Cash and cash equivalents	$	492,000			$	492,000			Level 1
Interest bearing deposits in other financial institutions and other investments	53,366				52,960				Level 2/3
Loans held for sale	29,661				32,048				Level 2
Loans receivable—net	11,018,034				11,112,179				Level 3
FHLB stock	29,776				N/A				N/A
Accrued interest receivable	29,979				29,979				Level 2/3
Servicing assets, net	24,710				27,511				Level 3
Customers’ liabilities on acceptances	1,691				1,691				Level 2
Financial Liabilities:
Noninterest bearing deposits	$	2,998,734			$	2,998,734			Level 2
Saving and other interest bearing demand deposits	3,573,212				3,573,212				Level 2
Time deposits	4,274,663				4,263,585				Level 2
FHLB advances	1,157,693				1,220,529				Level 2
Federal funds purchased	69,900				69,900				Level 2
Subordinated debentures	100,853				100,853				Level 2
Accrued interest payable	15,961				15,961				Level 2
Acceptances outstanding	1,691				1,691				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 2
-Subparagraph (bbb)
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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
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-Section 50
-Paragraph 12
-URI http://asc.fasb.org/extlink&oid=77997519&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

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=66048111&loc=d3e19190-110258

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