Derivative Financial Instruments (Tables)

9 Months Ended

Sep. 30, 2016

Derivative Instruments and Hedging Activities Disclosure [Abstract]

Interest Rate Cap Derivative Summary

Below is a summary of the interest rate cap derivatives held by the Company as of September 30, 2016:

(Dollars in thousands)
		Notional		Accounting	Fair Value as of
Effective Date	Maturity Date	Amount		Treatment	September 30, 2016
March 21, 2013	March 21, 2017	$	100,000	Non-Hedge Designated	$	1
May 16, 2013	November 16, 2016	75,000		Non-Hedge Designated	—
September 15, 2013	September 15, 2017	50,000		Cash Flow Hedging	9
September 30, 2013	September 30, 2017	40,000		Cash Flow Hedging	8
		$	265,000		$	18

Schedule Of Fair Value Of Derivative Financial Instruments

The table below presents the fair value of the Company’s derivative financial instruments as of September 30, 2016, December 31, 2015 and September 30, 2015:

	Derivative Assets						Derivative Liabilities
(Dollars in thousands)	September 30, 2016		December 31, 2015		September 30, 2015		September 30, 2016		December 31, 2015		September 30, 2015
Derivatives designated as hedging instruments under ASC 815:
Interest rate derivatives designated as Cash Flow Hedges	$	549	$	242	$	216	$	7	$	846	$	1,329
Interest rate derivatives designated as Fair Value Hedges	177		27		5		907		143		291
Total derivatives designated as hedging instruments under ASC 815	$	726	$	269	$	221	$	914	$	989	$	1,620
Derivatives not designated as hedging instruments under ASC 815:
Interest rate derivatives	$	79,477	$	42,510	$	56,717	$	79,199	$	41,469	$	55,809
Interest rate lock commitments	8,352		7,401		11,836		4,060		171		—
Forward commitments to sell mortgage loans	—		745		—		3,505		2,275		7,713
Foreign exchange contracts	273		373		260		270		115		56
Total derivatives not designated as hedging instruments under ASC 815	$	88,102	$	51,029	$	68,813	$	87,034	$	44,030	$	63,578
Total Derivatives	$	88,828	$	51,298	$	69,034	$	87,948	$	45,019	$	65,198

Schedule Of Cash Flow Hedging Instruments

The table below provides details on each of these cash flow hedges as of September 30, 2016:

	September 30, 2016
(Dollars in thousands)	Notional		Fair Value
Maturity Date	Amount		Asset (Liability)
Interest Rate Swaps:
October 2016	$	25,000	$	(7	)
July 2019	250,000		106
August 2019	275,000		426
Total Interest Rate Swaps	$	550,000	$	525
Interest Rate Caps:
September 2017	$	50,000	$	9
September 2017	40,000		8
Total Interest Rate Caps	$	90,000	$	17
Total Cash Flow Hedges	$	640,000	$	542

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 loss related to interest rate derivatives designated as cash flow hedges follows:

	Three months ended						Nine months ended
(Dollars in thousands)	September 30, 2016			September 30, 2015			September 30, 2016			September 30, 2015
Unrealized loss at beginning of period	$	(3,574	)	$	(4,408	)	$	(3,529	)	$	(4,062	)
Amount reclassified from accumulated other comprehensive loss to interest expense on deposits and junior subordinated debentures	1,065			571			2,620			1,460
Amount of gain (loss) recognized in other comprehensive income	1,708			(503		)	108			(1,738		)
Unrealized loss at end of period	$	(801	)	$	(4,340	)	$	(801	)	$	(4,340	)

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 September 30, 2016 and 2015:

(Dollars in thousands) Derivatives in Fair Value Hedging Relationships	Location of Gain/(Loss) Recognized in Income on Derivative	Amount of Gain/(Loss) Recognized in Income on Derivative Three Months Ended					Amount of (Loss)/Gain Recognized in Income on Hedged Item Three Months Ended					Income Statement Gain/ (Loss) due to Hedge Ineffectiveness Three Months Ended
		September 30, 2016		September 30, 2015			September 30, 2016			September 30, 2015		September 30, 2016		September 30, 2015
Interest rate swaps	Trading losses, net	$	269	$	(323	)	$	(234	)	$	302	$	35	$	(21	)

(Dollars in thousands) Derivatives in Fair Value Hedging Relationships	Location of Gain/(Loss) Recognized in Income on Derivative	Amount of Gain/(Loss) Recognized in Income on Derivative Nine Months Ended						Amount of (Loss)/Gain Recognized in Income on Hedged Item Nine Months Ended				Income Statement Gain/ (Loss) due to Hedge Ineffectiveness Nine Months Ended
		September 30, 2016			September 30, 2015			September 30, 2016		September 30, 2015		September 30, 2016		September 30, 2015
Interest rate swaps	Trading losses, net	$	(614	)	$	(338	)	$	627	$	315	$	13	$	(23	)

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 accounting hedge relationships were as follows:

(Dollars in thousands)		Three Months Ended						Nine Months Ended
Derivative	Location in income statement	September 30, 2016			September 30, 2015			September 30, 2016			September 30, 2015
Interest rate swaps and caps	Trading (losses) gains, net	$	(395	)	$	(275	)	$	(751	)	$	(592	)
Mortgage banking derivatives	Mortgage banking revenue	(2,215		)	(4,062		)	(3,058		)	(1,669		)
Covered call options	Fees from covered call options	3,633			2,810			9,994			11,735
Foreign exchange contracts	Trading (losses) gains, net	(26		)	113			(262		)	133

Offsetting Assets

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)	September 30, 2016			December 31, 2015			September 30, 2015			September 30, 2016			December 31, 2015			September 30, 2015
Gross Amounts Recognized	$	80,203		$	42,779		$	56,938		$	80,113		$	42,458		$	57,429
Less: Amounts offset in the Statements of Financial Condition	—			—			—			—			—			—
Net amount presented in the Statements of Financial Condition	$	80,203		$	42,779		$	56,938		$	80,113		$	42,458		$	57,429
Gross amounts not offset in the Statements of Financial Condition
Offsetting Derivative Positions	(958		)	(753		)	(614		)	(958		)	(753		)	(614		)
Collateral Posted (1)	—			—			—			(79,155		)	(41,705		)	(54,410		)
Net Credit Exposure	$	79,245		$	42,026		$	56,324		$	—		$	—		$	2,405

(1) As of September 30, 2016 and December 31, 2015, the Company posted collateral of$86.0 million and $45.5 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.

Offsetting Liabilities

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)	September 30, 2016			December 31, 2015			September 30, 2015			September 30, 2016			December 31, 2015			September 30, 2015
Gross Amounts Recognized	$	80,203		$	42,779		$	56,938		$	80,113		$	42,458		$	57,429
Less: Amounts offset in the Statements of Financial Condition	—			—			—			—			—			—
Net amount presented in the Statements of Financial Condition	$	80,203		$	42,779		$	56,938		$	80,113		$	42,458		$	57,429
Gross amounts not offset in the Statements of Financial Condition
Offsetting Derivative Positions	(958		)	(753		)	(614		)	(958		)	(753		)	(614		)
Collateral Posted (1)	—			—			—			(79,155		)	(41,705		)	(54,410		)
Net Credit Exposure	$	79,245		$	42,026		$	56,324		$	—		$	—		$	2,405

(1) As of September 30, 2016 and December 31, 2015, the Company posted collateral of$86.0 million and $45.5 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.