Derivatives (Tables)

3 Months Ended

Mar. 31, 2013

Derivative Instruments And Hedging Activities Disclosure [Abstract]

Notional and Fair Values of Derivative Instruments on Balance Sheet

The table below presents the notional amounts and fair values (in thousands) of the Company’s derivative financial instruments as well as their classification on the consolidated balance sheets as of March 31, 2013 and December 31, 2012.

						Fair Values (1)
		Notional Amounts				Assets				Liabilities
(in thousands)	Type of Hedge	March 31, 2013		December 31, 2012		March 31, 2013		December 31, 2012		March 31, 2013		December 31, 2012
Derivatives designated as hedging instruments:
Interest rate swaps	Cash Flow	$	140,000	$	140,000	$	—	$	—	$	126	$	298
		$	140,000	$	140,000	$	—	$	—	$	126	$	298
Derivatives not designated as hedging instruments:
Interest rate swaps	N/A	$	593,703	$	547,477	$	20,390	$	19,448	$	21,093	$	20,157
Forward commitments to sell residential mortgage loans	N/A		106,105		115,256		346		190		633		590
Interest rate-lock commitments on residential mortgage loans	N/A		70,898		58,135		505		455		218		55
Risk participation agreements	N/A		21,165		—		13		—		5		—
		$	791,871	$	720,868	$	21,254	$	20,093	$	21,949	$	20,802

(1) Except for $96 at March 31, 2013 and $218 at December 31, 2012 in loans held for sale, assets are recorded in other assets. Liabilities are recorded in other liabilities.

Offsetting Derivative Assets and Liabilities

Offsetting information in regards to derivative assets and liabilities subject to master netting agreements at March 31, 2013 and December 31, 2012 is presented in the following tables:

As of March 31, 2013 (in thousands)							Gross Amounts Not Offset in the Statement of Financial Position
Description	Gross Amounts Recognized		Gross Amounts Offset in the Statement of Financial Position		Net Amounts Presented in the Statement of Financial Position		Financial Instruments		Cash Collateral		Net Amount
Derivative Assets	$	20,390	$	—	$	20,390	$	—	$	—	$	20,390
Total	$	20,390	$	—	$	20,390	$	—	$	—	$	20,390
Derivative Liabilities	$	21,219	$	—	$	21,219	$	—	$	15,032	$	6,187
Total	$	21,219	$	—	$	21,219	$	—	$	15,032	$	6,187
As of December 31, 2012							Gross Amounts Not Offset in the Statement of Financial Position
Description	Gross Amounts Recognized		Gross Amounts Offset in the Statement of Financial Position		Net Amounts Presented in the Statement of Financial Position		Financial Instruments		Cash Collateral		Net Amount
Derivative Assets	$	19,448	$	—	$	19,448	$	—	$	—	$	19,448
Total	$	19,448	$	—	$	19,448	$	—	$	—	$	19,448
Derivative Liabilities	$	20,455	$	—	$	20,455	$	—	$	16,839	$	3,616
Total	$	20,455	$	—	$	20,455	$	—	$	16,839	$	3,616