Derivatives (Tables)

3 Months Ended

Mar. 31, 2014

Derivative Instruments And Hedging Activities Disclosure [Abstract]

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, 2014 and December 31, 2013.

Fair and Notional Values of Derivative Instruments

	Fair Values (1)
		Notional Amounts				Assets				Liabilities
(in thousands)	Type of Hedge	March 31, 2014		December 31, 2013		March 31, 2014		December 31, 2013		March 31, 2014		December 31, 2013
Derivatives not designated as hedging instruments:
Interest rate swaps (2)	N/A	$	742,649	$	650,667	$	14,571	$	14,147	$	14,670	$	13,777
Risk participation agreements	N/A		82,091		19,736		89		2		145		2
Forward commitments to sell residential mortgage loans	N/A		38,051		45,910		104		326		113		115
Interest rate-lock commitments on residential mortgage loans	N/A		27,431		25,956		39		56		95		107
Foreign exchange forward contracts	N/A		21,920		21,299		522		1,048		501		1,005
		$	912,142	$	763,568	$	15,325	$	15,579	$	15,524	$	15,006

(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 March 31, 2014 and December 31, 2013 is presented in the following tables (in thousands):

			Gross Amounts Offset in the		Net Amounts Presented in the		Gross Amounts Not Offset in the Statement of Financial Position
Description	Gross Amounts Recognized		Statement of Financial Position		Statement of Financial Position		Financial Instruments		Cash Collateral		Net Amount
As of March 31, 2014
Derivative Assets	$	14,653	$	—	$	14,653	$	2,956	$	—	$	11,697
Total	$	14,653	$	—	$	14,653	$	2,956	$	—	$	11,697
Derivative Liabilities	$	14,808	$	—	$	14,808	$	2,956	$	13,430	$	(1,578	)
Total	$	14,808	$	—	$	14,808	$	2,956	$	13,430	$	(1,578	)
As of December 31, 2013
Derivative Assets	$	14,149	$	—	$	14,149	$	3,462	$	—	$	10,687
Total	$	14,149	$	—	$	14,149	$	3,462	$	—	$	10,687
Derivative Liabilities	$	13,779	$	—	$	13,779	$	3,462	$	7,406	$	2,911
Total	$	13,779	$	—	$	13,779	$	3,462	$	7,406	$	2,911