Derivatives and Hedging Activities (Tables)

9 Months Ended

Sep. 30, 2016

Derivative Instruments and Hedging Activities Disclosure [Abstract]

Schedule of Interest Rate Contract Derivative Financial Instruments and Related Hedged Items

The following tables set forth certain information concerning the Company’s interest rate contract derivative financial instruments and related hedged items at the dates indicated (dollars in thousands):

	September 30, 2016
		Weighted Average Pay Rate	Weighted Average Receive Rate	Weighted Average Remaining Life in Years
					Notional Amount		Balance Sheet Location	Fair Value
	Hedged Item							Asset		Liability
Derivatives designated as cash flow hedges:
Pay-fixed interest rate swaps	Variability of interest cash flows on variable rate borrowings	1.58%	3-Month Libor	3.6	$	1,665,000	Other Assets / Other liabilities	$	313	$	(24,650	)
Pay-fixed forward-starting interest rate swaps	Variability of interest cash flows on variable rate borrowings	3.43%	3-Month Libor	10.7	300,000		Other liabilities	—		(54,373		)
Derivatives not designated as hedges:
Pay-fixed interest rate swaps		3.75%	Indexed to 1-month Libor	7.0	893,472		Other liabilities	—		(55,194		)
Pay-variable interest rate swaps		Indexed to 1-month Libor	3.75%	7.0	893,472		Other assets	55,194		—
Interest rate caps purchased, indexed to 1-month Libor			2.72%	2.1	130,415		Other assets	50		—
Interest rate caps sold, indexed to 1-month Libor		2.72%		2.1	130,415		Other liabilities	—		(50		)
					$	4,012,774		$	55,557	$	(134,267	)

	December 31, 2015
		Weighted Average Pay Rate	Weighted Average Receive Rate	Weighted Average Remaining Life in Years
					Notional Amount		Balance Sheet Location	Fair Value
	Hedged Item							Asset		Liability
Derivatives designated as cash flow hedges:
Pay-fixed interest rate swaps	Variability of interest cash flows on variable rate borrowings	1.62%	3-Month Libor	2.6	$	1,805,000	Other assets / Other liabilities	$	3,442	$	(12,347	)
Pay-fixed forward-starting interest rate swaps	Variability of interest cash flows on variable rate borrowings	3.43%	3-Month Libor	11.5	300,000		Other liabilities	—		(26,274		)
Derivatives not designated as hedges:
Pay-fixed interest rate swaps		4.08%	Indexed to 1-month Libor	7.0	663,311		Other assets / Other liabilities	225		(30,514		)
Pay-variable interest rate swaps		Indexed to 1-month Libor	4.08%	7.0	663,311		Other assets / Other liabilities	30,514		(225		)
Interest rate caps purchased, indexed to 1-month Libor			2.85%	2.2	139,786		Other assets	164		—
Interest rate caps sold, indexed to 1-month Libor		2.85%		2.2	139,786		Other liabilities	—		(164		)
					$	3,711,194		$	34,345	$	(69,524	)

Schedule of Interest Rate Swaps Subject to Master Netting Agreements

Information on interest rate swaps subject to these agreements is as follows at the dates indicated (in thousands):

	September 30, 2016
				Gross Amounts Offset in Balance Sheet		Net Amounts Presented in Balance Sheet			Gross Amounts Not Offset in Balance Sheet
	Gross Amounts Recognized								Derivative Instruments			Collateral Pledged		Net Amount
Derivative assets	$	363		$	—	$	363		$	(363	)	$	—	$	—
Derivative liabilities	(134,217		)	—		(134,217		)	363			133,854		—
	$	(133,854	)	$	—	$	(133,854	)	$	—		$	133,854	$	—

	December 31, 2015
				Gross Amounts Offset in Balance Sheet		Net Amounts Presented in Balance Sheet			Gross Amounts Not Offset in Balance Sheet
	Gross Amounts Recognized								Derivative Instruments			Collateral Pledged		Net Amount
Derivative assets	$	3,830		$	—	$	3,830		$	(3,605	)	$	—	$	225
Derivative liabilities	(69,135		)	—		(69,135		)	3,605			65,530		—
	$	(65,305	)	$	—	$	(65,305	)	$	—		$	65,530	$	225