Derivative Financial Instruments (Tables)

3 Months Ended

Mar. 31, 2013

Derivative Instruments and Hedging Activities Disclosure [Abstract]

Schedule Of Fair Value Of Derivative Financial Instruments

The table below presents the fair value of the Company’s derivative financial instruments as of March 31, 2013, December 31, 2012 and March 31, 2012:

	Derivative Assets						Derivative Liabilities
	Fair Value						Fair Value
(Dollars in thousands)	March 31, 2013		December 31, 2012		March 31, 2012		March 31, 2013		December 31, 2012		March 31, 2012
Derivatives designated as hedging instruments under ASC 815:
Interest rate derivatives designated as Cash Flow Hedges	$	1	$	2	$	61	$	6,556	$	7,988	$	10,178
Interest rate derivatives designated as Fair Value Hedges	$	93	$	104	$	—	$	—	$	—	$	—
Total derivatives designated as hedging instruments under ASC 815	$	94	$	106	$	61	$	6,556	$	7,988	$	10,178
Derivatives not designated as hedging instruments under ASC 815:
Interest rate derivatives	46,559		47,440		34,966		43,706		45,767		34,706
Interest rate lock commitments	5,551		6,069		3,789		1,315		937		368
Forward commitments to sell mortgage loans	213		277		404		3,015		3,057		1,112
Foreign exchange contracts	19		14		—		153		2		—
Total derivatives not designated as hedging instruments under ASC 815	$	52,342	$	53,800	$	39,159	$	48,189	$	49,763	$	36,186
Total derivatives	$	52,436	$	53,906	$	39,220	$	54,745	$	57,751	$	46,364

Schedule Of Interest Rate Swaps

The table below provides details on each of these cash flow hedges as of March 31, 2013:

	March 31, 2013
(Dollars in thousands)	Notional		Fair Value
Maturity Date	Amount		Asset (Liability)
Interest Rate Swaps:
September 2013	50,000		(1,158		)
September 2013	40,000		(1,008		)
September 2016	50,000		(2,887		)
October 2016	25,000		(1,503		)
Total Interest Rate Swaps	165,000		(6,556		)
Interest Rate Caps:
September 2014	20,000		—
September 2014	40,000		1
Total Interest Rate Caps	60,000		1
Total Cash Flow Hedges	$	225,000	$	(6,555	)

Rollforward Of Amounts In Accumulated Other Comprehensive Income Related To Interest Rate Swaps Designated As Cash Flow Hedges

A rollforward of the amounts in accumulated other comprehensive income related to interest rate derivatives designated as cash flow hedges follows:

	Three months ended March 31,
(Dollars in thousands)	2013			2012
Unrealized loss at beginning of period	$	(8,673	)	$	(11,633	)
Amount reclassified from accumulated other comprehensive income to interest expense on junior subordinated debentures	1,539			1,410
Amount of loss recognized in other comprehensive income	(65		)	(614		)
Unrealized loss at end of period	$	(7,199	)	$	(10,837	)

Derivatives Used To Hedge Changes In Fair Value Attributable To Interest Rate Risk

The following table presents the gain/(loss) and hedge ineffectiveness recognized on derivative instruments and the related hedged items that are designated as a fair value hedge accounting relationship as of March 31, 2013:

(Dollars in thousands) Derivatives in Fair Value Hedging Relationships	Location of Gain or (Loss) Recognized in Income on Derivative	Amount of Gain or (Loss) Recognized in Income on Derivative Three Months Ended March 31,					Amount of Gain or (Loss) Recognized in Income on Hedged Item Three Months Ended March 31,				Income Statement Gain/ (Loss) due to Hedge Ineffectiveness Three Months Ended  March 31,
		2013			2012		2013		2012		2013			2012
Interest rate products	Other income	$	(11	)	$	—	$	10	$	—	$	(1	)	$	—

Summary Amounts Included In Consolidated Statement Of Income Related To Derivatives

Amounts included in the Consolidated Statements of Income related to derivative instruments not designated in hedge relationships were as follows:

		Three Months Ended
(Dollars in thousands)		March 31,
Derivative	Location in income statement	2013			2012
Interest rate swaps and caps	Other income	$	(297	)	$	151
Mortgage banking derivatives	Mortgage banking revenue	(670		)	1,347
Covered call options	Fees from covered call options	1,639			3,123
Foreign exchange contracts	Other income	(146		)	—

Derivative Asset and Liability Balance Sheet Offsetting [Table Text Block]

The Company records interest rate derivatives subject to master netting agreements at their gross value and does not offset derivative assets and liabilities on the Consolidated Statements of Condition. The tables below summarize the Company's interest rate derivatives and offsetting positions as of the dates shown.

	Derivative Assets									Derivative Liabilities
	Fair Value									Fair Value
(Dollars in thousands)	March 31, 2013			December 31, 2012			March 31, 2012			March 31, 2013			December 31, 2012			March 31, 2012
Gross Amounts Recognized	$	46,653		$	47,546		$	35,027		$	50,262		$	53,755		$	44,884
Less: Amounts offset in the Statements of Financial Condition	$	—		$	—		$	—		$	—		$	—		$	—
Net amount presented in the Statements of Financial Condition	$	46,653		$	47,546		$	35,027		$	50,262		$	53,755		$	44,884
Gross amounts not offset in the Statements of Financial Condition
Offsetting Derivative Positions	(1,523		)	(339		)	(61		)	(1,523		)	(339		)	(61		)
Securities Collateral Posted (1)	—			—			—			(43,361		)	(46,811		)	(29,353		)
Cash Collateral Posted	—			—			—			(2,445		)	(6,605		)	(7,055		)
Net Credit Exposure	$	45,130		$	47,207		$	34,966		$	2,933		$	—		$	8,415

(1) As of December 31, 2012, the Company posted securities collateral of $49.9 million which resulted in excess collateral with its counterparties. For purposes of this disclosure, the amount of posted collateral is limited to the amount offsetting the derivative liability.