Derivatives And Hedging (Tables)

6 Months Ended

Jun. 30, 2013

General Discussion of Derivative Instruments and Hedging Activities [Abstract]

Schedule of Notional Amounts of Outstanding Derivative Positions

The following table summarizes Sterling’s mortgage banking operations and interest rate swaps:



	June 30, 2013
			Fair Value
	Notional		Asset		Liability
	(in thousands)
Interest rate lock commitments, net	$	244,202	$	2,425	$	0
Forward commitments	484,000		15,989		0
Interest rate swaps - broker-dealer	25,539		0		1,088
Interest rate swaps - customer	26,580		1,089		0
	December 31, 2012
			Fair Value
	Notional		Asset		Liability
	(in thousands)
Interest rate lock commitments, net	$	242,061	$	9,035	$	0
Forward commitments	531,000		0		1,881
Interest rate swaps - broker-dealer	44,846		0		2,144
Interest rate swaps - customer	36,158		2,148		0

Schedule of Derivative Instruments, Gain (Loss) in Statement of Financial Performance

The following table sets forth these gains and losses:



	Three Months Ended June 30,					Six Months Ended June 30,
	2013		2012			2013			2012
	(in thousands)
Mortgage banking operations	$	2,804	$	1,707		$	(7,364	)	$	(655	)
Other noninterest income	50		(68		)	126			(680		)

- Definition

Tabular disclosure of the location and amount of gains and losses reported in the statement of financial performance, or when applicable, the statement of financial position. For example, (a) gains and losses recognized in the income statement on derivative instruments designated and qualifying as hedging instruments in fair value hedges and related hedged items designated and qualifying in fair value hedges and (b) gains and losses initially recognized in other comprehensive income on derivative instruments designated and qualifying as cash flow hedges.

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