Derivative Instruments and Hedging Activities (Tables)

12 Months Ended

Dec. 31, 2015

Derivative Instruments and Hedging Activities Disclosure [Abstract]

Fair Value of Derivative Financial Instruments

The following table presents the fair value of Customers’ derivative financial instruments as well as the classification on the balance sheet at December 31, 2015 and 2014.

	December 31, 2015
	Derivative Assets			Derivative Liabilities
	Balance Sheet			Balance Sheet
	Location	Fair Value		Location	Fair Value
(amounts in thousands)
Derivatives designated as cash flow hedges:
Interest rate swaps	Other assets	$	—	Other liabilities	$	4,477
Total		$	—		$	4,477
Derivatives not designated as hedging instruments:
Interest rate swaps	Other assets	$	9,088	Other liabilities	$	9,455
Credit contracts	Other assets	162		Other liabilities	—
Residential mortgage loan commitments	Other assets	45		Other liabilities	—
Total		$	9,295		$	9,455

	December 31, 2014
	Derivative Assets			Derivative Liabilities
	Balance Sheet Location	Fair Value		Balance Sheet Location	Fair Value
(amounts in thousands)
Derivatives designated as cash flow hedges:
Interest rate swaps	Other assets	$	—	Other liabilities	$	1,945
Total		$	—		$	1,945
Derivatives not designated as hedging instruments:
Interest rate swaps	Other assets	$	7,332	Other liabilities	$	7,771
Credit contracts	Other assets	177		Other liabilities	—
Residential mortgage loan commitments	Other assets	43		Other liabilities	—
Total		$	7,552		$	7,771

Effect of Derivative Instruments on Comprehensive Income

The following table presents the effect of Customers' derivative financial instruments on comprehensive income for the years ended December 31, 2015 and 2014.

	For the Year Ended December 31, 2015
	Income Statement Location	Amount of income (loss) recognized in earnings
(amounts in thousands)
Derivatives not designated as hedging instruments:
Interest rate swaps	Other non-interest income	$	1,889
Credit contracts	Other non-interest income	(15		)
Residential mortgage loan commitments	Mortgage loan and banking income	2
Total		$	1,876

	For the Year Ended December 31, 2014
	Income Statement Location	Amount of income (loss) recognized in earnings
(amounts in thousands)
Derivatives not designated as hedging instruments:
Interest rate swaps	Other non-interest income	$	550
Credit contracts	Other non-interest income	(91		)
Residential mortgage loan commitments	Mortgage loan and banking income	(197		)
Total		$	262

	For the Year Ended December 31, 2013
	Income Statement Location	Amount of income (loss) recognized in earnings
(amounts in thousands)
Derivatives not designated as hedging instruments:
Interest rate swaps	Other non-interest income	$	711
Residential mortgage loan commitments	Mortgage loan and banking income	240
Total		$	951

	For the Year Ended December 31, 2015
				Location of Gain	Amount of Gain (Loss)
	Amount of Loss			(Loss) Reclassified	Reclassified from
	Recognized in OCI on			from Accumulated	Accumulated OCI into
	Derivatives (Effective			OCI into Income	Income (Effective
	Portion) (1)			(Effective Portion)	Portion)
(amounts in thousands)
Derivatives in cash flow hedging relationships:
Interest rate swaps	$	(1,534	)	Interest expense	$	—

	For the Year Ended December 31, 2014
				Location of Gain	Amount of Gain (Loss)
	Amount of Loss			(Loss) Reclassified	Reclassified from
	Recognized in OCI on			from Accumulated	Accumulated OCI into
	Derivatives (Effective			OCI into Income	Income (Effective
	Portion) (1)			(Effective Portion)	Portion)
(amounts in thousands)
Derivative in cash flow hedging relationship:
Interest rate swaps	$	(1,264	)	Interest expense	$	—

(1) Amounts presented are net of taxes

Summary of Offsetting of Financial Assets and Derivative Assets

The following tables present derivative instruments that are subject to enforceable master netting arrangements. Customers' interest rate swaps with institutional counterparties are subject to master netting arrangements and are included in the table below. Interest rate swaps with commercial banking customers and residential mortgage loan commitments are not subject to master netting arrangements and are excluded from the table below. Customers has not made a policy election to offset its derivative positions.

Offsetting of Financial Assets and Derivative Assets at

December 31, 2015

Gross Amounts Not Offset in the Consolidated Balance Sheet

Gross Amount of Recognized  Assets

Gross Amounts Offset in the Consolidated Balance Sheet

Net Amounts of Assets Presented in the Consolidated Balance Sheet

Financial Instruments

Cash Collateral Received

Net Amount

(amounts in thousands)

Description

Interest rate swap derivatives with institutional counterparties

$

—

$

—

$

—

$

—

$

—

$

—

	Offsetting of Financial Assets and Derivative Assets at
	December 31, 2014
							Gross Amounts Not Offset in the Consolidated Balance Sheet
	Gross Amount of Recognized  Assets		Gross Amounts Offset in the Consolidated Balance Sheet		Net Amounts of Assets Presented in the Consolidated Balance Sheet		Financial Instruments		Cash Collateral Received		Net Amount
(amounts in thousands)
Description
Interest rate swap derivatives with institutional counterparties	$	192	$	—	$	192	$	192	$	—	$	—

Summary of Offsetting of Financial Liabilities and Derivative Liabilities

	Offsetting of Financial Liabilities and Derivative Liabilities at
	December 31, 2015
							Gross Amounts Not Offset in the Consolidated Balance Sheet
	Gross Amount of Recognized  Liabilities		Gross Amounts Offset in the Consolidated Balance Sheet		Net Amounts of Liabilities Presented in the Consolidated Balance Sheet		Financial Instruments		Cash Collateral Pledged		Net Amount
(amounts in thousands)
Description
Interest rate swap derivatives with institutional counterparties	$	13,932	$	—	$	13,932	$	—	$	13,932	$	—

	Offsetting of Financial Liabilities and Derivative Liabilities at
	December 31, 2014
	Gross Amount of Recognized  Liabilities		Gross Amounts Offset in the Consolidated Balance Sheet		Net Amounts of Liabilities Presented in the Consolidated Balance Sheet		Financial Instruments		Cash Collateral Pledged		Net Amount
(amounts in thousands)
Description
Interest rate swap derivatives with institutional counterparties	$	9,703	$	—	$	9,703	$	192	$	9,511	$	—