Derivative Instruments (Tables)

6 Months Ended

Jun. 30, 2013

Summary of Derivative Instruments [Abstract]

The impact of derivative instruments on the consolidated balance sheets at June 30, 2013 and December 31, 2012 is presented below.



	Fair Value of Derivative Assets				Fair Value of Derivative Liabilities
(in thousands)	Location on Consolidated Balance Sheet	June 30, 2013		December 31, 2012	Location on Consolidated Balance Sheet	June 30, 2013		December 31, 2012
Derivatives not designated as hedging instruments:
Interest rate contracts	Other assets	$	44,790	61,869	Other liabilities	$	45,991	62,912
Mortgage derivatives	Other assets	7,210		2,793	Other liabilities	—		525
Visa derivative		—		—	Other liabilities	2,977		2,956
Total derivatives not designated as hedging instruments		$	52,000	64,662		$	48,968	66,393

Effect of Cash Flow Hedges on Consolidated Statements of Income

The pre-tax effect of the amortization of the termination of cash flow hedges on the consolidated statements of income for the six months ended June 30, 2013 and 2012 are presented below.



	Amount of Gain (Loss) Recognized in OCI Effective Portion				Location of Gain (Loss) Reclassified from OCI into Income Effective Portion	Amount of Gain (Loss) Reclassified from OCI into Income Effective Portion
	Six Months Ended June 30,					Six Months Ended June 30,
(in thousands)	2013		2012			2013	2012
Interest rate contracts	$	—	(337	)	Interest expense	224	(1,218	)

The pre-tax effect of the amortization of the termination of cash flow hedges on the consolidated statements of income for the three months ended June 30, 2013 and 2012 are presented below.



	Amount of Gain (Loss) Recognized in OCI Effective Portion				Location of Gain (Loss) Reclassified from OCI into Income Effective Portion	Amount of Gain (Loss) Reclassified from OCI into Income Effective Portion
	Three Months Ended June 30,					Three Months Ended June 30,
(in thousands)	2013		2012			2013	2012
Interest rate contracts	$	—	(15	)	Interest expense	112	(405	)

Effect of Fair Value Hedges on Consolidated Statements of Income

The pre-tax effect of fair value hedges on the consolidated statements of income for the six months ended June 30, 2013 and 2012 is presented below.



	Location of Gain (Loss) Recognized in Income on Derivative	Amount of Gain (Loss) Recognized in Income on Derivative
(in thousands)		Six Months Ended June 30,
Derivatives not designated as hedging instruments		2013			2012
Interest rate contracts⁽¹⁾	Other non-interest income	$	(158	)	1,172
Mortgage derivatives⁽²⁾	Mortgage banking income	4,942			1,888
Total		$	4,784		3,060

⁽¹⁾ Gain (loss) represents net fair value adjustments (including credit related adjustments) for customer swaps and offsetting positions.

⁽²⁾ Gain (loss) represents net fair value adjustments recorded for interest rate lock commitments and commitments to sell mortgage loans to third party investors.

The pre-tax effect of fair value hedges on the consolidated statements of income for the three months ended June 30, 2013 and 2012 is presented below.



	Location of Gain (Loss) Recognized in Income on Derivative	Amount of Gain (Loss) Recognized in Income on Derivative
(in thousands)		Three Months Ended June 30,
Derivatives not designated as hedging instruments		2013			2012
Interest rate contracts⁽¹⁾	Other non-interest income	$	(279	)	47
Mortgage derivatives⁽²⁾	Mortgage banking income	5,030			119
Total		$	4,751		166

⁽¹⁾ Gain (loss) represents net fair value adjustments (including credit related adjustments) for customer swaps and offsetting positions.

⁽²⁾ Gain (loss) represents net fair value adjustments recorded for interest rate lock commitments and commitments to sell mortgage loans to third party investors.

- Definition

Tabular disclosure of the location and fair value amounts of derivative instruments (and nonderivative instruments that are designated and qualify as hedging instruments) reported in the statement of financial position.

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