Derivative Financial Instruments (Tables)

3 Months Ended

Mar. 31, 2014

Derivative Instruments and Hedging Activities Disclosure [Abstract]

Interest Rate Cap Derivative Summary [Table Text Block]

Below is a summary of the interest rate cap derivatives held by the Company as of March 31, 2014:

(Dollars in thousands)
		Notional		Accounting	Fair Value as of
Effective Date	Maturity Date	Amount		Treatment	March 31, 2014
September 30, 2011	September 30, 2014	$	20,000	Cash Flow Hedging	$	—
September 30, 2011	September 30, 2014	40,000		Cash Flow Hedging	—
May 3, 2012	May 3, 2015	77,000		Non-Hedge Designated	—
May 3, 2012	May 3, 2016	215,000		Non-Hedge Designated	391
June 1, 2012	April 1, 2015	96,530		Non-Hedge Designated	—
August 29, 2012	August 29, 2016	216,500		Cash Flow Hedging	801
February 22, 2013	August 22, 2016	56,500		Non-Hedge Designated	246
February 22, 2013	August 22, 2016	43,500		Cash Flow Hedging	190
March 21, 2013	March 21, 2017	100,000		Non-Hedge Designated	1,023
May 16, 2013	November 16, 2016	75,000		Non-Hedge Designated	482
September 15, 2013	September 15, 2017	50,000		Cash Flow Hedging	866
September 30, 2013	September 30, 2017	40,000		Cash Flow Hedging	721
		$	1,030,030		$	4,720

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, 2014, December 31, 2013 and March 31, 2013:

	Derivative Assets						Derivative Liabilities
	Fair Value						Fair Value
(Dollars in thousands)	March 31, 2014		December 31, 2013		March 31, 2013		March 31, 2014		December 31, 2013		March 31, 2013
Derivatives designated as hedging instruments under ASC 815:
Interest rate derivatives designated as Cash Flow Hedges	$	2,578	$	1,776	$	1	$	2,892	$	3,160	$	6,556
Interest rate derivatives designated as Fair Value Hedges	90		107		93		1		1		—
Total derivatives designated as hedging instruments under ASC 815	$	2,668	$	1,883	$	94	$	2,893	$	3,161	$	6,556
Derivatives not designated as hedging instruments under ASC 815:
Interest rate derivatives	$	34,571	$	36,073	$	46,559	$	32,097	$	31,646	$	43,706
Interest rate lock commitments	13,658		7,500		5,551		115		147		1,315
Forward commitments to sell mortgage loans	625		2,761		213		2,688		2,310		3,015
Foreign exchange contracts	7		4		19		4		—		153
Total derivatives not designated as hedging instruments under ASC 815	$	48,861	$	46,338	$	52,342	$	34,904	$	34,103	$	48,189
Total derivatives	$	51,529	$	48,221	$	52,436	$	37,797	$	37,264	$	54,745

Schedule Of Cash Flow Hedging Instruments

The table below provides details on each of these cash flow hedges as of March 31, 2014:

	March 31, 2014
(Dollars in thousands)	Notional		Fair Value
Maturity Date	Amount		Asset (Liability)
Interest Rate Swaps:
September 2016	50,000		(1,906		)
October 2016	25,000		(986		)
Total Interest Rate Swaps	75,000		(2,892		)
Interest Rate Caps:
September 2014	20,000		—
September 2014	40,000		—
August 2016	43,500		190
August 2016	216,500		801
September 2017	50,000		866
September 2017	40,000		721
Total Interest Rate Caps	410,000		2,578
Total Cash Flow Hedges	$	485,000	$	(314	)

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)	2014			2013
Unrealized loss at beginning of period	$	(3,971	)	$	(8,673	)
Amount reclassified from accumulated other comprehensive income to interest expense on junior subordinated debentures	493			1,539
Amount of loss recognized in other comprehensive income	(591		)	(65		)
Unrealized loss at end of period	$	(4,069	)	$	(7,199	)

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, 2014 and 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,
		2014			2013			2014		2013		2014			2013
Interest rate products	Other income	$	(17	)	$	(11	)	$	15	$	10	$	(2	)	$	(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	2014			2013
Interest rate swaps and caps	Other income	$	(677	)	$	(297	)
Mortgage banking derivatives	Mortgage banking revenue	3,677			(670		)
Covered call options	Fees from covered call options	1,542			1,639
Foreign exchange contracts	Other income	(1		)	(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, 2014			December 31, 2013			March 31, 2013			March 31, 2014			December 31, 2013			March 31, 2013
Gross Amounts Recognized	$	37,239		$	37,956		$	46,653		$	34,990		$	34,807		$	50,262
Less: Amounts offset in the Statements of Financial Condition	$	—		$	—		$	—		$	—		$	—		$	—
Net amount presented in the Statements of Financial Condition	$	37,239		$	37,956		$	46,653		$	34,990		$	34,807		$	50,262
Gross amounts not offset in the Statements of Financial Condition
Offsetting Derivative Positions	(7,359		)	(8,826		)	(1,523		)	(7,359		)	(8,826		)	(1,523		)
Securities Collateral Posted (1)	—			—			—			(27,631		)	(25,981		)	(43,361		)
Cash Collateral Posted	—			—			—			—			—			(2,445		)
Net Credit Exposure	$	29,880		$	29,130		$	45,130		$	—		$	—		$	2,933

(1) As of March 31, 2014 and December 31, 2013, the Company posted securities collateral of $37.1 million and $34.6 million, respectively, 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.