Fair Value (Tables)
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3 Months Ended |
Mar. 31, 2019 |
Fair Value Disclosures [Abstract] |
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Other than Temporary Impairment, Credit Losses Recognized in Earnings [Table Text Block] |
The table below shows the credit loss roll forward on a year-to-date basis for the Bancorp’s pooled trust preferred securities that have been classified with other-than-temporary impairment:
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Collateralized debt obligations |
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other-than-temporary impairment |
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Ending balance, December 31, 2018 |
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Additions not previously recognized |
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Ending balance, March 31, 2019 |
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Schedule of Fair Value, Assets and Liabilities Measured on Recurring Basis [Table Text Block] |
There were no transfers to or from Levels 1 and 2 during the three months ended March 31, 2019. Assets measured at fair value on a recurring basis are summarized below:
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Fair Value Measurements at March 31, 2019 Using |
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Quoted Prices in
Active Markets
for Identical
Assets
(Level 1)
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Significant Other
Observable
Inputs
(Level 2)
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Significant
Unobservable
Inputs
(Level 3)
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Available-for-sale debt securities: |
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U.S. government sponsored entities |
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Collateralized mortgage obligations and residential mortgage-backed securities |
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Collateralized debt obligations |
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Total securities available-for-sale |
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Fair Value Measurements at December 31, 2018 Using |
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Quoted Prices in
Active Markets
for Identical
Assets
(Level 1)
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Significant Other
Observable
Inputs
(Level 2)
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Significant
Unobservable
Inputs
(Level 3)
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Available-for-sale debt securities: |
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U.S. government sponsored entities |
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Collateralized mortgage obligations and residential mortgage-backed securities |
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Collateralized debt obligations |
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Total securities available-for-sale |
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Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation [Table Text Block] |
A roll forward of available-for-sale securities, which require significant adjustment based on unobservable data, are presented in the following table:
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Available-for-
sale securities
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Beginning balance, January 1, 2018 |
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Total unrealized gains, included in other comprehensive income |
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Transfers in and/or (out) of Level 3 |
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Ending balance, December 31, 2018 |
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Beginning balance, January 1, 2019 |
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Total unrealized gains, included in other comprehensive income |
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Ending balance, March 31, 2019 |
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Fair Value, Assets and Liabilities Measured on Nonrecurring Basis [Table Text Block] |
Assets measured at fair value on a non-recurring basis are summarized below:
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Fair Value Measurements at March 31, 2019 Using |
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Quoted Prices in
Active Markets
for Identical
Assets
(Level 1)
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Significant Other
Observable
Inputs
(Level 2)
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Significant
Unobservable
Inputs
(Level 3)
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Fair Value Measurements at December 31, 2018 Using |
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Quoted Prices in
Active Markets
for Identical
Assets
(Level 1)
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Significant Other
Observable
Inputs
(Level 2)
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Significant
Unobservable
Inputs
(Level 3)
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Fair Value, by Balance Sheet Grouping [Table Text Block] |
The following table shows carrying values and related estimated fair values of financial instruments as of the dates indicated. Estimated fair values are further categorized by the inputs used to measure fair value. Items that are not financial instruments are not included.
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Estimated Fair Value Measurements at March 31, 2019 Using |
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Quoted Prices in
Active Markets for
Identical Assets
(Level 1)
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Significant
Other Observable
Inputs
(Level 2)
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Significant
Unobservable
Inputs
(Level 3)
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Cash and cash equivalents |
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Certificates of deposit in other financial institutions |
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Securities available-for-sale |
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Federal Home Loan Bank stock |
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Accrued interest receivable |
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Non-interest bearing deposits |
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Interest bearing deposits |
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Estimated Fair Value Measurements at December 31, 2018 Using |
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Quoted Prices in
Active Markets for
Identical Assets
(Level 1)
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Significant
Other Observable
Inputs
(Level 2)
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Significant
Unobservable
Inputs
(Level 3)
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Cash and cash equivalents |
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Certificates of deposit in other financial institutions |
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Securities available-for-sale |
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Federal Home Loan Bank stock |
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Accrued interest receivable |
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Non-interest bearing deposits |
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Interest bearing deposits |
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