Offsetting of financial assets and liabilities

9 Months Ended

Sep. 30, 2014

Notes to Financial Statements [Abstract]

Offsetting Assets Liabilities [Text Block]

Note 19 – Offsetting of financial assets and liabilities

The following tables present the potential effect of rights of setoff associated with the Corporation's recognized financial assets and liabilities atSeptember 30,2014 and December 31,2013.

As of September 30, 2014
							Gross Amounts Not Offset in the Statement of Financial Position
(In thousands)	Gross Amount of Recognized Assets		Gross Amounts Offset in the Statement of Financial Position		Net Amounts of Assets Presented in the Statement of Financial Position		Financial Instruments		Securities Collateral Received			Cash Collateral Received	Net Amount
Derivatives	$	25,850	$	-	$	25,850	$	486	$	-	$	-	$	25,364
Reverse repurchase agreements		146,634		-		146,634		-		146,634		-		-
Total	$	172,484	$	-	$	172,484	$	486	$	146,634	$	-	$	25,364

As of September 30, 2014
							Gross Amounts Not Offset in the Statement of Financial Position
(In thousands)	Gross Amount of Recognized Liabilities		Gross Amounts Offset in the Statement of Financial Position		Net Amounts of Liabilities Presented in the Statement of Financial Position		Financial Instruments		Securities Collateral Pledged			Cash Collateral Pledged	Net Amount
Derivatives	$	23,796	$	-	$	23,796	$	486	$	9,925	$	-	$	13,385
Repurchase agreements		1,650,712		-		1,650,712		-		1,650,712		-		-
Total	$	1,674,508	$	-	$	1,674,508	$	486	$	1,660,637	$	-	$	13,385

As of December 31, 2013
							Gross Amounts Not Offset in the Statement of Financial Position
(In thousands)	Gross Amount of Recognized Assets		Gross Amounts Offset in the Statement of Financial Position		Net Amounts of Assets Presented in the Statement of Financial Position		Financial Instruments		Securities Collateral Received			Cash Collateral Received	Net Amount
Derivatives	$	34,793	$	-	$	34,793	$	1,220	$	-	$	-	$	33,573
Reverse repurchase agreements		175,965		-		175,965		-		175,965		-		-
Total	$	210,758	$	-	$	210,758	$	1,220	$	175,965	$	-	$	33,573

As of December 31, 2013
							Gross Amounts Not Offset in the Statement of Financial Position
(In thousands)	Gross Amount of Recognized Liabilities		Gross Amounts Offset in the Statement of Financial Position		Net Amounts of Liabilities Presented in the Statement of Financial Position		Financial Instruments		Securities Collateral Pledged			Cash Collateral Received	Net Amount
Derivatives	$	32,378	$	-	$	32,378	$	1,220	$	14,003	$	-	$	17,155
Repurchase agreements		1,659,292		-		1,659,292		-		1,659,292		-		-
Total	$	1,691,670	$	-	$	1,691,670	$	1,220	$	1,673,295	$	-	$	17,155

The Corporation's derivatives are subject to agreements which allow a right of set-off with each respective counterparty. In addition, the Corporation's Repurchase Agreements and Reverse Repurchase Agreements have a right of set-off with the respective counterparty under the supplemental terms of the Master RepurchaseAgreements. In an event of default each party has a right of set-off against the other party for amounts owed in the related agreement and any other amount or obligation owed in respect of any other agreement or transaction between them.