Derivatives and Hedging (Tables)

12 Months Ended

Dec. 31, 2016

Derivative Instruments and Hedging Activities Disclosure [Abstract]

Schedule of Derivative Instruments in Statement of Financial Position

The fair value of derivative contracts, after taking into account the effects of master netting agreements, is included in other assets or other liabilities in the Consolidated Balance Sheets, as indicated in the following table:

	December 31, 2016						December 31, 2015						December 31, 2014
			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	$	993,485	$	4,220	$	65,749	$	800,478	$	3,569	$	64,785	$	647,703	$	7	$	57,820
Total	993,485		4,220		65,749		800,478		3,569		64,785		647,703		7		57,820
Netting adjustments (1)	—		1,869		1,869		—		—		—		—		—		—
Net derivatives in the balance sheet	$	993,485	$	2,351	$	63,880	$	800,478	$	3,569	$	64,785	$	647,703	$	7	$	57,820

(1) Netting adjustments represent the amounts recorded to convert the Company's derivative balances from a gross basis to a net basis in accordance with the applicable accounting guidance.

Gain (Loss) on Derivative Instruments

The following table summarizes the gains (losses) on fair value hedges for the years ended December 31, 2016, 2015, and 2014 all of which are recorded in non-interest income.

	Year Ended December 31,
	2016			2015			2014
	(in thousands)
Hedge of Fixed Rate Loans (1)
Gain (loss) on "pay fixed" swap	$	15,582		$	(6,965	)	$	(60,377	)
Gain (loss) on receive fixed rate loans	(15,519		)	7,044			60,208
Net ineffectiveness	$	63		$	79		$	(169	)
Hedge of Fixed Rate Subordinated Debt Issuances (1)
Gain (loss) on "receive fixed" swap	$	(15,894	)	$	3,569		$	—
Gain (loss) on subordinated debt	15,894			(3,569		)	—
Net ineffectiveness	$	—		$	—		$	—

Largest Exposure To Individual Counterparty

The following table summarizes the Company's largest exposure to an individual counterparty at the dates indicated:

	December 31,
	2016		2015		2014
	(in thousands)
Largest gross exposure (derivative asset) to an individual counterparty	$	2,351	$	3,569	$	7
Collateral posted by this counterparty	1,691		4,680		—
Derivative liability with this counterparty	—		—		—
Collateral pledged to this counterparty	—		1,340		—
Net exposure after netting adjustments and collateral	$	660	$	229	$	7