Derivatives And Hedging (Tables)

9 Months Ended

Sep. 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:

	September 30, 2013
			Fair Value
	Notional		Asset		Liability
	(in thousands)
Interest rate lock commitments, net	$	174,204	$	6,423	$	0
Forward commitments	288,000		0		5,208
Interest rate swaps - broker-dealer	25,152		0		1,028
Interest rate swaps - customer	26,190		1,020		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 September 30,					Nine Months Ended September 30,
	2013		2012			2013		2012
	(in thousands)
Mortgage banking operations	$	12,245	$	(2,694	)	$	4,881	$	(3,349	)
Other noninterest income	1		80			127		(600		)