XML 65 R40.htm IDEA: XBRL DOCUMENT v2.4.0.8
Derivative Financial Instruments (Tables)
12 Months Ended
Dec. 31, 2013
Derivative Instruments and Hedging Activities Disclosure [Abstract]  
Schedule of Derivatives Not Designated as Hedging Instruments, Notional Amount And Statements of Financial Position, Location
The table below summarizes the notional amounts and fair values of the derivative instruments used to manage risk.
 
 
 
 
Asset Derivatives
(Other Assets)
 
Liability Derivatives
(Other Liabilities)
Notional Amount
 
Fair Value
 
Fair Value
(in thousands)
December 31,
2013
 
December 31,
2012
 
December 31,
2013
 
December 31,
2012
 
December 31,
2013
 
December 31,
2012
Non-designated hedging instruments
 
 
 
 
 
 
 
 
 
 
 
Interest rate cap contracts
$
23,800

 
$
49,050

 
$
10

 
$
13

 
$

 
$

The table below summarizes the notional amounts and fair values of the client-related derivative instruments.

 
 
Asset Derivatives
(Other Assets)
 
Liability Derivatives
(Other Liabilities)
 
Notional Amount
 
Fair Value
 
Fair Value
(in thousands)
December 31,
2013
 
December 31,
2012
 
December 31,
2013
 
December 31,
2012
 
December 31,
2013
 
December 31,
2012
Non-designated hedging instruments
 
 
 
 
 
 
 
 
 
 
 
Interest rate swap contracts
$
185,213

 
$
126,962

 
$
990

 
$
1,741

 
$
990

 
$
1,979

Schedule of Derivative Instruments, Gain (Loss) in Statement of Financial Performance
The following table shows the location and amount of gains and losses recorded in the condensed consolidated statements of operations for 2013, 2012 and 2011.
 
 
Location of Gain or (Loss) Recognized in Operations on Derivative
Amount of Gain or (Loss) Recognized in Operations on Derivative
(in thousands)
2013
 
2012
 
2011
Non-designated hedging instruments
 
 
 
 
 
 
 
Interest rate swap contracts
Interest and fees on loans
$
(205
)
 
$
(447
)
 
$
(620
)
The following table shows the location and amount of gains and losses related to derivatives used for risk management purposes that were recorded in the condensed consolidated statements of operations for 2013, 2012 and 2011.
 
 
Location of Gain or (Loss) Recognized in Operations on Derivative
Amount of Gain or (Loss) Recognized in Operations on Derivative
(in thousands)
2013
 
2012
 
2011
Non-designated hedging instruments
 
 
 
 
 
 
 
Interest rate cap contracts
Gain on state tax credits, net
$
(3
)
 
$
(80
)
 
$
(435
)
Interest rate swap contracts
Miscellaneous income

 

 
162