Derivatives (Tables)

9 Months Ended

Sep. 30, 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 September 30, 2014 and December 31, 2013.

						Fair Values (1)
		Notional Amounts				Assets				Liabilities
	Type of Hedge	September 30, 2014		December 31, 2013		September 30, 2014		December 31, 2013		September 30, 2014		December 31, 2013
Derivatives not designated as hedging instruments:
Interest rate swaps (2)	N/A	$	753,382	$	650,667	$	14,585	$	14,147	$	14,974	$	13,777
Risk participation agreements	N/A		80,989		19,736		105		2		156		2
Forward commitments to sell residential mortgage loans	N/A		40,873		45,910		56		326		640		115
Interest rate-lock commitments on residential mortgage loans	N/A		28,025		25,956		595		56		27		107
Foreign exchange forward contracts	N/A		37,127		21,299		671		1,048		643		1,005
		$	940,396	$	763,568	$	16,012	$	15,579	$	16,440	$	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 September 30, 2014 and December 31, 2013 is presented in the following tables (in thousands):

			Gross Amounts Offset in		Net Amounts Presented in		Gross Amounts Not Offset in the Statement of Financial
Description	Gross Amounts Recognized		the Statement of Financial Position		the Statement of Financial Position		Financial Instruments		Cash Collateral		Net Amount
As of September 30, 2014
Derivative Assets	$	14,690	$	—	$	14,690	$	2,206	$	—	$	12,484
Total	$	14,690	$	—	$	14,690	$	2,206	$	—	$	12,484
Derivative Liabilities	$	15,129	$	—	$	15,129	$	2,206	$	16,767	$	(3,844	)
Total	$	15,129	$	—	$	15,129	$	2,206	$	16,767	$	(3,844	)
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