XML 38 R27.htm IDEA: XBRL DOCUMENT v3.5.0.2
Derivatives (Tables)
6 Months Ended
Jun. 30, 2016
Derivatives [Abstract]  
Fair Values of Derivative Financial Instruments



 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 



 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 



 

 

 

 

 

 

 

 

 

Fair Values (1)



 

 

 

Notional Amounts

 

Assets

 

Liabilities



 

Type of

 

June 30,

 

December 31,

 

June 30,

 

December 31,

 

June 30,

 

December 31,

(in thousands)

 

Hedge

 

2016

 

2015

 

2016

 

2015

 

2016

 

2015

Derivatives designated as hedging instruments:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Interest rate swaps

 

Cash Flow

 

$

800,000 

 

$

500,000 

 

$

3,330 

 

$

 —

 

$

 —

 

$

281 



 

 

 

$

800,000 

 

$

500,000 

 

$

3,330 

 

$

 —

 

$

 —

 

$

281 

Derivatives not designated as hedging instruments:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Interest rate swaps (2)

 

N/A

 

$

856,332 

 

$

780,871 

 

$

38,389 

 

$

20,622 

 

$

40,202 

 

$

21,007 

Risk participation agreements

 

N/A

 

 

88,946 

 

 

83,430 

 

 

114 

 

 

83 

 

 

243 

 

 

162 

Forward commitments to sell residential mortgage loans

 

N/A

 

 

105,357 

 

 

55,128 

 

 

23 

 

 

263 

 

 

1,404 

 

 

336 

Interest rate-lock commitments on residential mortgage loans

 

N/A

 

 

62,622 

 

 

38,853 

 

 

703 

 

 

243 

 

 

12 

 

 

167 

Foreign exchange forward contracts

 

N/A

 

 

35,022 

 

 

44,068 

 

 

1,344 

 

 

2,040 

 

 

1,323 

 

 

2,015 



 

 

 

$

1,148,279 

 

$

1,002,350 

 

$

40,573 

 

$

23,251 

 

$

43,184 

 

$

23,687 

(1)

Derivative assets and liabilities are reported with other assets or other liabilities, respectively, in the consolidated balance sheets.

 

(2)

The notional amount represents both the customer accommodation agreements and offsetting agreements with unrelated financial institutions.



Offsetting Derivative Assets and Liabilities Subject to Master Netting Arrangements



 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 



 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

(in thousands)

 

 

 

 

Gross

Amounts

Offset in

 

Net Amounts 
Presented in

 

Gross Amounts Not Offset in the Statement
of Financial Position

Description

 

Gross
Amounts
Recognized

 

the Statement

of Financial

Position

 

the Statement

of Financial

Position

 

Financial
Instruments

 

Cash

Collateral

 

Net
Amount

As of June 30, 2016

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Derivative Assets

 

$

3,579 

 

$

 —

 

$

3,579 

 

$

3,579 

 

$

 —

 

$

 —



 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Derivative Liabilities

 

$

40,699 

 

$

 —

 

$

40,699 

 

$

3,579 

 

$

40,202 

 

$

(3,082)







 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 



 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

(in thousands)

 

 

 

 

Gross
Amounts
Offset in

 

Net Amounts 
Presented in

 

Gross Amounts Not Offset in the Statement
of Financial Position

Description

 

Gross
Amounts
Recognized

 

the Statement
of Financial
Position

 

the Statement
 of Financial
Position

 

Financial
Instruments

 

Cash
Collateral

 

Net
Amount

As of December 31, 2015

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Derivative Assets

 

$

224 

 

$

 —

 

$

224 

 

$

224 

 

$

 —

 

$

 —



 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Derivative Liabilities

 

$

21,034 

 

$

 —

 

$

21,034 

 

$

224 

 

$

23,482 

 

$

(2,672)