Derivative Instruments (Tables)

12 Months Ended

Dec. 31, 2016

Derivative Instrument Detail [Abstract]

Schedule Of Notional Amounts Of Derivative Instruments

The Company's derivative instruments are accounted for as free-standing derivatives, and changes in their fair value are recorded in current earnings.

	December 31
(In thousands)	2016		2015
Interest rate swaps	$	1,685,099	$	1,020,310
Interest rate caps	59,379		66,118
Credit risk participation agreements	121,514		62,456
Foreign exchange contracts	4,046		15,535
Mortgage loan commitments	12,429		8,605
Mortgage loan forward sale contracts	6,626		642
Forward TBA contracts	15,000		11,000
Total notional amount	$	1,904,093	$	1,184,666

Schedule Of Fair Values Of Derivative Instruments

The fair values of the Company’s derivative instruments are shown in the table below. Information about the valuation methods used to measure fair value is provided in Note 15 on Fair Value Measurements. Derivatives instruments with a positive fair value (asset derivatives) are reported in other assets in the consolidated balance sheets while derivative instruments with a negative fair value (liability derivatives) are reported in other liabilities in the consolidated balance sheets.

	Asset Derivatives				Liability Derivatives
	December 31				December 31
	2016		2015		2016			2015
(In thousands)	Fair Value				Fair Value
Derivative instruments:
Interest rate swaps	$	12,987	$	11,993	$	(12,987	)	$	(11,993	)
Interest rate caps	78		73		(78		)	(73		)
Credit risk participation agreements	65		1		(156		)	(195		)
Foreign exchange contracts	66		437		(4		)	(430		)
Mortgage loan commitments	355		263		(6		)	—
Mortgage loan forward sale contracts	—		—		(63		)	—
Forward TBA contracts	15		4		(45		)	(38		)
Total	$	13,566	$	12,771	$	(13,339	)	$	(12,729	)

Summary Of The Effects Of Derivative Instruments On Consolidated Statements Of Income

The effects of derivative instruments on the consolidated statements of income are shown in the table below.

	Location of Gain or (Loss) Recognized in Income on Derivative	Amount of Gain or (Loss) Recognized in Income on Derivative
		For the Years Ended December 31
(In thousands)		2016			2015		2014
Derivative instruments:
Interest rate swaps	Other non-interest income	$	5,927		$	4,309	$	1,674
Interest rate caps	Other non-interest income	—			32		33
Credit risk participation agreements	Other non-interest income	(44		)	57		122
Foreign exchange contracts:	Other non-interest income	55			253		(263		)
Mortgage loan commitments	Loan fees and sales	87			263		—
Mortgage loan forward sale contracts	Loan fees and sales	(63		)	—		—
Forward TBA contracts	Loan fees and sales	79			82		—
Total		$	6,041		$	4,996	$	1,566

The following table shows the extent to which assets and liabilities relating to derivative instruments have been offset in the consolidated balance sheets. It also provides information about these instruments which are subject to an enforceable master netting arrangement, irrespective of whether they are offset, and the extent to which the instruments could potentially be offset. Also shown is collateral received or pledged in the form of other financial instruments, which is generally cash or marketable securities. The collateral amounts in this table are limited to the outstanding balance of the related asset or liability (after netting is applied); thus amounts of excess collateral are not shown. Most of the derivatives in the following table were transacted under master netting arrangements that contain a conditional right of offset, such as close-out netting, upon default.

The Company is party to master netting arrangements with most of its swap derivative counterparties; however, the Company does not offset derivative assets and liabilities under these arrangements on its consolidated balance sheet. Collateral, usually in the form of marketable securities, is exchanged between the Company and dealer bank counterparties and is generally subject to thresholds and transfer minimums. By contract, it may be sold or re-pledged by the secured party until recalled at a subsequent valuation date by the pledging party. For those swap transactions requiring central clearing, the Company posts cash and securities to its clearing agency. At December 31, 2016, the Company had a net liability position with dealer bank and clearing agency counterparties totaling $6.3 million, and had posted securities with a fair value of $1.1 million and cash totaling $19.2 million. Collateral positions are valued daily, and adjustments to amounts received and pledged by the Company are made as appropriate to maintain proper collateralization for these transactions. Swap derivative transactions with customers are generally secured by rights to non-financial collateral, such as real and personal property, which is not shown in the table below.

Balance Sheet Offsetting, Derivatives [Table Text Block]

							Gross Amounts Not Offset in the Balance Sheet
(In thousands)	Gross Amount Recognized		Gross Amounts Offset in the Balance Sheet		Net Amounts Presented in the Balance Sheet		Financial Instruments Available for Offset			Collateral Received/Pledged			Net Amount
December 31, 2016
Assets:
Derivatives subject to master netting agreements	$	13,111	$	—	$	13,111	$	(3,391	)	$	—		$	9,720
Derivatives not subject to master netting agreements	455		—		455
Total derivatives	13,566		—		13,566
Liabilities:
Derivatives subject to master netting agreements	13,124		—		13,124		(3,391		)	(5,292		)	4,441
Derivatives not subject to master netting agreements	215		—		215
Total derivatives	13,339		—		13,339
December 31, 2015
Assets:
Derivatives subject to master netting agreements	$	12,071	$	—	$	12,071	$	(94	)	$	—		$	11,977
Derivatives not subject to master netting agreements	700		—		700
Total derivatives	12,771		—		12,771
Liabilities:
Derivatives subject to master netting agreements	12,299		—		12,299		(94		)	(10,927		)	1,278
Derivatives not subject to master netting agreements	430		—		430
Total derivatives	12,729		—		12,729