As discussed above, the carrying amounts of certain of the Company’s financial instruments approximate their fair value. The carrying amounts and fair values of the Company’s remaining financial instruments are set forth in the following table:  At December 31, (In thousands) 2002 2001 Carrying Estimated Carrying Estimated Amount Fair Value Amount Fair Value Financial instrument assets: Loans held for sale . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . $ 476,475 $ 480,409 $ 451,609 $ 454,536 Forward mortgage loan sales commitments (1)  . . . . . . . . . . . . . . . . . (7,454) (7,454) 7,352 7,352 Loans: Consumer . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 3,005,882 3,068,900 2,509,333 2,548,617 Commercial real estate . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 1,835,788 1,883,183 1,622,461 1,644,263 Commercial business . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 440,074 438,106 422,381 417,896 Equipment finance loans  . . . . . . . . . . . . . . . . . . . . . . . . . . . 289,558 299,035 271,398 275,148 Residential real estate . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 1,800,344 1,868,132 2,733,290 2,795,894 Allowance for loan losses (2)  . . . . . . . . . . . . . . . . . . . . . . . . . . (68,143) – (66,876) –  $ 7,772,524 $ 8,030,311 $7 ,950,948 $ 8,143,706 Financial instrument liabilities: Checking, savings and money market deposits . . . . . . . . . . . . . . . $ 5,791,233 $ 5,791,233 $4 ,778,714 $ 4,778,714 Certificates . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 1,918,755 1,948,947 2,320,244 2,357,872 Short-term borrowings . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 842,051 842,051 719,859 719,859 Long-term borrowings . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 2,268,244 2,443,653 2,303,166 2,410,329 $10,820,283 $11,025,884 $10,121,983 $10,266,774 Financial instruments with off-balance-sheet risk: (3) Commitments to extend credit (4)  . . . . . . . . . . . . . . . . . . . . . . . . . $ 24,569 $ 24,569 $ 13,767 $ 13,767 Standby letters of credit (1)  . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . (5,382) (5,382) ( 2,409) (2,409) Loans serviced with recourse (1)  . . . . . . . . . . . . . . . . . . . . . . . . . . . (100) (100) (100) (100) $ 19,087 $ 19,087 $ 11,258 $ 11,258 (4) Carrying amounts are included in other assets. (3) Positive amounts represent assets, negative amounts represent liabilities. (2) Excludes the allowance for lease losses. (1) Carrying amounts are included in accrued expenses and other liabilities. page 70