Derivatives (Tables)

9 Months Ended

Sep. 30, 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 September 30, 2013 and December 31, 2012.

Fair and Notional Values of Derivative Instruments

						Fair Values (1)
		Notional Amounts				Assets				Liabilities
(in thousands)	Type of Hedge	September 30, 2013		December 31, 2012		September 30, 2013		December 31, 2012		September 30, 2013		December 31, 2012
Derivatives designated as hedging instruments:
Interest rate swaps	Cash Flow	$	—	$	140,000	$	—	$	—	$	—	$	298
		$	—	$	140,000	$	—	$	—	$	—	$	298
Derivatives not designated as hedging instruments:
Interest rate swaps (2)	N/A	$	661,421	$	547,477	$	15,249	$	19,448	$	15,079	$	20,157
Risk participation agreements	N/A		20,287		—		4		—		3		—
Forward commitments to sell residential mortgage loans	N/A		24,473		115,256		51		190		355		590
Interest rate-lock commitments on residential mortgage loans	N/A		12,814		58,135		251		455		11		55
Foreign exchange forward contracts	N/A		33,941		—		507		—		481		—
		$	752,936	$	720,868	$	16,062	$	20,093	$	15,929	$	20,802

(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

Offsetting information in regards to derivative assets and liabilities subject to master netting agreements at September 30, 2013 and December 31, 2012 is presented in the following tables (in thousands):

	Gross		Gross Amounts Offset in the Statement		Net Amounts Presented in the Statement		Gross Amounts Not Offset in the Statement of Financial Position
Description	Amounts Recognized		of Financial Position		of Financial Position		Financial Instruments		Cash Collateral		Net Amount
As of September 30, 2013
Derivative Assets	$	15,253	$	—	$	15,253	$	1,949	$	—	$	13,304
Total	$	15,253	$	—	$	15,253	$	1,949	$	—	$	13,304
Derivative Liabilities	$	15,082	$	—	$	15,082	$	1,949	$	9,113	$	4,020
Total	$	15,082	$	—	$	15,082	$	1,949	$	9,113	$	4,020
As of December 31, 2012
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