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Derivatives and Hedging (Tables)
6 Months Ended
Jun. 30, 2014
Derivative Instruments and Hedging Activities Disclosure [Abstract]  
Largest Exposure To Individual Counterparty Table [Text Block]
The following table summarizes our largest exposure to an individual counterparty at the dates indicated:
 
 
June 30, 2014
 
December 31, 2013
 
June 30, 2013
 
 
(in thousands)
Largest gross exposure (derivative asset) to an individual counterparty
 
$
2

 
$
2,378

 
$
53

Collateral posted by this counterparty
 

 
2,002

 

Derivative liability with this counterparty
 
28,874

 
376

 

Collateral pledged to this counterparty
 
28,872

 

 

Net exposure after netting adjustments and collateral
 

 

 
53

Schedule of Derivative Instruments in Statement of Financial Position, Fair Value [Table Text Block]
The fair value of derivative contracts are included in “other assets” or “other liabilities” on the balance sheet, as indicated in the following table:
 
June 30, 2014
 
December 31, 2013
 
June 30, 2013
 
 
 
Fair Value
 
 
 
Fair Value
 
 
 
Fair Value
 
Notional
Amount
 
Derivative
Assets
 
Derivative
Liabilities
 
Notional
Amount
 
Derivative
Assets
 
Derivative
Liabilities
 
Notional
Amount
 
Derivative
Assets
 
Derivative
Liabilities
 
(in thousands)
Derivatives designated as hedging instruments:
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Fair value hedges
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Interest rate swaps
$
568,006

 
$
2

 
$
29,219

 
$
294,997

 
$
2,386

 
$
788

 
$
12,509

 
$
78

 
$
559

Total
568,006

 
2

 
29,219

 
294,997

 
2,386

 
788

 
12,509

 
78

 
559

Netting adjustments (1)

 
2

 
2

 

 
384

 
384

 

 
5

 
5

Net derivatives in the balance sheet
$
568,006

 
$

 
$
29,217

 
$
294,997

 
$
2,002

 
$
404

 
$
12,509

 
$
73

 
$
554

(1)
Netting adjustments represent the amounts recorded to convert our derivative assets and liabilities from a gross basis to a net basis in accordance with the applicable accounting guidance.
Derivative Instruments, Gain (Loss) [Table Text Block]
The following table summarizes the pre-tax net gains (losses) on our fair value hedges for the three and six months ended June 30, 2014 and 2013, and where they are recorded in the income statement.
 
 
Three Months Ended June 30,
 
 
 
 
2014
 
2013
 
 
Income Statement Classification
 
Net Losses on Swaps
 
Net Gains on Loans
 
Net Gains on Swaps
 
Net Losses on Loans
 
 
 
 
(in thousands)
 
 
Unrealized gains (losses) on assets / liabilities measured at fair value, net
 
(16,635
)
 
16,795

 
210

 
(180
)
 
(a) 
 
 
 
 
 
 
 
 
 
 
 
 
 
Six Months Ended June 30,
 
 
 
 
2014
 
2013
 
 
Income Statement Classification
 
Net Losses on Swaps
 
Net Gains on Loans
 
Net Gains on Swaps
 
Net Losses on Loans
 
 
 
 
(in thousands)
 
 
Unrealized gains (losses) on assets / liabilities measured at fair value, net
 
(31,774
)
 
31,570

 
298

 
(266
)
 
(a) 
(a)
Net gains (losses) on loans represent the change in fair value caused by fluctuations in interest rates.