Fair Value of Derivative Instruments and Hedging Activities (Tables)

3 Months Ended

Mar. 31, 2015

Fair Value of Derivative Instruments and Hedging Activities

Schedule of the derivative instruments' location on the Company's statement of condition and the fair value of those instruments

Derivative Instruments and Hedging Activities

At March 31, 2015

(in thousands)

	Asset Derivatives			Liability Derivatives
	Balance Sheet Location	Fair Value		Balance Sheet Location	Fair Value
Derivatives Designated as Hedging Instruments
Forward Loan Sales Commitments	Accrued Interest Receivable and Other Assets	1,746		Accrued Interest Payable and Other Liabilities	2,754
Total Derivatives Designated as Hedging Instruments		1,746			2,754
Derivatives Not Designated as Hedging Instruments
Rate Lock and Forward Loan Sales Commitments	Accrued Interest Receivable and Other Assets	19,634		Accrued Interest Payable and Other Liabilities	2,179
Rate Lock Commitments	Accrued Interest Receivable and Other Assets	2,179		Accrued Interest Payable and Other Liabilities	123
Total Derivatives Not Designated as Hedging Instruments		21,813			2,302
Total Derivatives		$	23,559		$	5,056

Derivative Instruments and Hedging Activities

At December 31, 2014

(in thousands)

	Asset Derivatives			Liability Derivatives
	Balance Sheet Location	Fair Value		Balance Sheet Location	Fair Value
Derivatives Designated as Hedging Instruments
Forward Loan Sales Commitments	Accrued Interest Receivable and Other Assets	1,631		Accrued Interest Payable and Other Liabilities	2,163
Total Derivatives Designated as Hedging Instruments		1,631			2,163
Derivatives Not Designated as Hedging Instruments
Rate Lock and Forward Loan Sales Commitments	Accrued Interest Receivable and Other Assets	12,857		Accrued Interest Payable and Other Liabilities	562
Rate Lock Commitments	Accrued Interest Receivable and Other Assets	562		Accrued Interest Payable and Other Liabilities	33
Total Derivatives Not Designated as Hedging Instruments		13,419			595
Total Derivatives		$	15,050		$	2,758

Schedule of the gains and losses related to derivative instruments

Impact of Derivative Instruments on the Statement of Income

For the Three Months Ended March 31, 2015

(in thousands)

Derivatives in Cash Flow Hedging Relationships	Amount of Gain (Loss) Recognized in Other Comprehensive Income on Derivative (Effective Portion)			Location of Gain (Loss) Reclassified from Accumulated Other Comprehensive Income into Income (Effective Portion)	Amount of Gain (Loss) Reclassified from Accumulated Other Comprehensive Income into Income (Effective Portion)		Location of Gain (Loss) Recognized in Income on Derivative (Ineffective Portion and Amount Excluded from Effectiveness Testing)	Amount of Gain (Loss) Recognized in Income on Derivative (Ineffective Portion and Amount Excluded from Effectiveness Testing)
Forward Loan Sales Commitments	$	(245	)	Other Income	$	706	Other Income	$	—
Total	$	(245	)		$	706		$	—

	Amount of Gain (Loss) Recognized in Income on Derivative			Location of Gain (Loss) Recognized in Income on Derivative
Derivatives Not Designated as Hedging Instruments
Rate Lock Commitment	$	19,511		Realized and unrealized gains on mortgage banking activities
Forward Loan Sales Commitments	(2,056		)	Other Income
Rate Lock Commitments	2,056			Other Income
Total	$	19,511

Impact of Derivative Instruments on the Statement of Income

For the Three Months Ended March 31, 2014

(in thousands)

Derivatives in Cash Flow Hedging Relationships	Amount of Gain (Loss) Recognized in Other Comprehensive Income on Derivative (Effective Portion)			Location of Gain (Loss) Reclassified from Accumulated Other Comprehensive Income into Income (Effective Portion)	Amount of Gain (Loss) Reclassified from Accumulated Other Comprehensive Income into Income (Effective Portion)			Location of Gain (Loss) Recognized in Income on Derivative (Ineffective Portion and Amount Excluded from Effectiveness Testing)	Amount of Gain (Loss) Recognized in Income on Derivative (Ineffective Portion and Amount Excluded from Effectiveness Testing)
Forward Loan Sales Commitments	$	(150	)	Other Income	$	(7,227	)	Other Income	$	—
Total	$	(150	)		$	(7,227	)		$	—

	Amount of Gain (Loss) Recognized in Income on Derivative			Location of Gain (Loss) Recognized in Income on Derivative
Derivatives Not Designated as Hedging Instruments
Rate Lock Commitments	$	13,083		Realized and unrealized gains on mortgage banking activities
Forward Loan Sales Commitments	28			Other Income
Rate Lock Commitments	(28		)	Other Income
Total	$	13,083