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Derivative Financial Instruments (Tables)
 6 Months Ended
Jun. 30, 2013
Derivative Instruments and Hedging Activities Disclosure [Abstract]  
Summary of Notional Amounts and Fair Values of Derivative Financial Instruments
The following table presents a summary of the notional amounts and fair values of derivative financial instruments:
 
June 30, 2013
 
December 31, 2012
 
Notional
Amount
 
Asset
(Liability)
Fair Value
 
Notional
Amount
 
Asset
(Liability)
Fair Value
 
(in thousands)
Interest Rate Locks with Customers
 
 
 
 
 
 
 
Positive fair values
$
91,417

 
$
1,011

 
$
314,416

 
$
6,912

Negative fair values
155,894

 
(2,678
)
 
9,714

 
(155
)
Net interest rate locks with customers

 
(1,667
)
 

 
6,757

Forward Commitments
 
 
 
 
 
 
 
Positive fair values
260,203

 
10,067

 
79,152

 
707

Negative fair values
—

 
—

 
236,500

 
(915
)
Net forward commitments
 
 
10,067

 
 
 
(208
)
Interest Rate Swaps with Customers
 
 
 
 
 
 
 
Positive fair values
76,421

 
2,417

 
130,841

 
7,090

Negative fair values
86,384

 
(1,606
)
 
—

 
—

Net interest rate swaps with customers
 
 
811

 
 
 
7,090

Interest Rate Swaps with Dealer Counterparties
 
 
 
 
 
 
 
Positive fair values
86,384

 
1,606

 
—

 
—

Negative fair values
76,421

 
(2,417
)
 
130,841

 
(7,090
)
Net Interest rate swaps with dealer counterparties
 
 
(811
)
 
 
 
(7,090
)
Foreign Exchange Contracts with Customers
 
 
 
 
 
 
 
Positive fair values
11,826

 
269

 
1,810

 
137

Negative fair values
15,159

 
(311
)
 
9,851

 
(348
)
Net foreign exchange contracts with customers
 
 
(42
)
 
 
 
(211
)
Foreign Exchange Contracts with Correspondent Banks
 
 
 
 
 
 
 
Positive fair values
39,876

 
1,497

 
59,368

 
1,064

Negative fair values
19,879

 
(594
)
 
37,865

 
(1,121
)
Net foreign exchange contracts with correspondent banks
 
 
903

 
 
 
(57
)
Net derivative fair value asset
 
 
$
9,261

 
 
 
$
6,281
Summary of Fair Value Gains and Losses on Derivative Financial Instruments
The following table presents a summary of the fair value gains and losses on derivative financial instruments:
 
Three months ended
June 30
 
Six months ended
June 30
 
2013
 
2012
 
2013
 
2012
 
(in thousands)
Interest rate locks with customers
$
(5,886
)
 
$
4,243

 
$
(8,424
)
 
$
5,052

Forward commitments
9,847

 
(5,159
)
 
10,275

 
(1,813
)
Interest rate swaps with customers
(5,871
)
 
2,516

 
(6,279
)
 
3,041

Interest rate swaps with dealer counterparties
5,871

 
(2,516
)
 
6,279

 
(3,041
)
Foreign exchange contracts with customers
(291
)
 
663

 
169

 
(387
)
Foreign exchange contracts with correspondent banks
542

 
(682
)
 
960

 
869

Net fair value gains (losses) on derivative financial instruments
$
4,212

 
$
(935
)
 
$
2,980

 
$
3,721