Derivative Financial Instruments (Tables)

9 Months Ended

Sep. 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:

	September 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	$	120,547	$	3,100		$	314,416	$	6,912
Negative fair values	5,790		(50		)	9,714		(155		)
Net interest rate locks with customers			3,050					6,757
Forward Commitments
Positive fair values	6,002		16			79,152		707
Negative fair values	130,498		(2,193		)	236,500		(915		)
Net forward commitments			(2,177		)			(208		)
Interest Rate Swaps with Customers
Positive fair values	115,409		3,460			130,841		7,090
Negative fair values	84,625		(1,640		)	—		—
Net interest rate swaps with customers			1,820					7,090
Interest Rate Swaps with Dealer Counterparties
Positive fair values	84,625		1,640			—		—
Negative fair values	115,409		(3,460		)	130,841		(7,090		)
Net Interest rate swaps with dealer counterparties			(1,820		)			(7,090		)
Foreign Exchange Contracts with Customers
Positive fair values	4,362		64			1,810		137
Negative fair values	16,770		(450		)	9,851		(348		)
Net foreign exchange contracts with customers			(386		)			(211		)
Foreign Exchange Contracts with Correspondent Banks
Positive fair values	25,418		1,013			59,368		1,064
Negative fair values	10,805		(160		)	37,865		(1,121		)
Net foreign exchange contracts with correspondent banks			853					(57		)
Net derivative fair value asset			$	1,340				$	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 September 30						Nine months ended September 30
	2013			2012			2013			2012
	(in thousands)
Interest rate locks with customers	$	4,717		$	3,933		$	(3,707	)	$	8,985
Forward commitments	(12,244		)	(3,255		)	(1,969		)	(5,068		)
Interest rate swaps with customers	1,009			1,189			(5,270		)	4,229
Interest rate swaps with dealer counterparties	(1,009		)	(1,189		)	5,270			(4,229		)
Foreign exchange contracts with customers	(344		)	1,654			(175		)	2,523
Foreign exchange contracts with correspondent banks	(50		)	(1,331		)	910			(1,717		)
Net fair value gains (losses) on derivative financial instruments	$	(7,921	)	$	1,001		$	(4,941	)	$	4,723