Derivatives (Tables)

12 Months Ended

Dec. 31, 2015

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 of the Company’s derivative financial instruments as well as their classification on the consolidated balance sheets as of December 31, 2015 and 2014.

						Fair Values (1)
		Notional Amounts				Assets				Liabilities
(in thousands)	Type of Hedge	December 31, 2015		December 31, 2014		December 31, 2015		December 31, 2014		December 31, 2015		December 31, 2014
Derivatives designated as hedging instruments:
Interest rate swaps	Cash Flow	$	500,000	$	300,000	$	—	$	—	$	281	$	592
		$	500,000	$	300,000	$	—	$	—	$	281	$	592
Derivatives not designated as hedging instruments:
Interest rate swaps (2)	N/A	$	780,871	$	747,754	$	20,622	$	17,806	$	21,007	$	18,419
Risk participation agreements	N/A		83,430		80,438		83		125		162		208
Forward commitments to sell residential mortgage loans	N/A		55,128		52,238		263		80		336		250
Interest rate-lock commitments on residential mortgage loans	N/A		38,853		33,068		243		111		167		44
Foreign exchange forward contracts	N/A		44,068		89,432		2,040		1,310		2,015		1,347
		$	1,002,350	$	1,002,930	$	23,251	$	19,432	$	23,687	$	20,268

(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 these master netting agreements at December 31, 2015 and December 31, 2014 is presented in the following tables:

As of December 31, 2015
	Gross Amounts Recognized		Gross Amounts Offset in the Statement of Financial Position		Net Amounts Presented in the Statement of Financial Position		Gross Amounts Not Offset in the Statement of Financial Position
(in thousands)							Financial Instruments		Cash Collateral		Net Amount
Derivative Assets	$	224	$	—	$	224	$	224	$	—	$	—
Derivative Liabilities	$	21,034	$	—	$	21,034	$	224	$	23,482	$	(2,672	)

As of December 31, 2014
	Gross Amounts Recognized		Gross Amounts Offset in the Statement of Financial Position		Net Amounts Presented in the Statement of Financial Position		Gross Amounts Not Offset in the Statement of Financial Position
(in thousands)							Financial Instruments		Cash Collateral		Net Amount
Derivative Assets	$	650	$	—	$	650	$	650	$	—	$	—
Derivative Liabilities	$	16,771	$	—	$	16,771	$	650	$	17,343	$	(1,222	)