Derivative Instruments (Tables)

12 Months Ended

Dec. 31, 2012

Summary of Derivative Instruments [Abstract]

The impact of derivative instruments on the consolidated balance sheets at December 31, 2012 and 2011 is presented below.



	Fair Value of Derivative Assets				Fair Value of Derivative Liabilities
		December 31,				December 31,
(in thousands)	Location on Consolidated Balance Sheet	2012		2011	Location on Consolidated Balance Sheet	2012	2011
Derivatives Not Designated as Hedging Instruments
Interest rate contracts	Other assets	$	61,869	83,072	Other liabilities	62,912	85,534
Mortgage derivatives	Other assets	2,793		1,851	Other liabilities	525	1,947
Visa Derivative		—		—	Other liabilities	2,956	9,093
Total derivatives		$	64,662	84,923		66,393	96,574

Effect of Cash Flow Hedges on Consolidated Statements of Income

The effect of the amortization of the termination of cash flow hedges on the consolidated statements of operations for the years ended December 31, 2012, 2011 and 2010 is presented below.




								Location of
	Amount of Gain							Gain (Loss)	Amount of Gain
	(Loss) Recognized in							Reclassified	(Loss) Reclassified				Location of	Amount of Gain (Loss)
	OCI on Derivative							from OCI	from OCI into Income				Gain (Loss)	Recognized in Income
	Effective Portion							into	Effective Portion				Recognized	Ineffective Portion
	Twelve Months Ended							Income	Twelve Months Ended				in Income	Twelve Months Ended
	December 31,							Effective	December 31,				Ineffective	December 31,
(in thousands)	2012			2011		2010		Portion	2012		2011	2010	Portion	2012		2011	2010
Interest rate contracts	$	(204	)	(4,203	)	(6,003	)	Interest Income (Expense)	$	646	7,112	14,446	Other Non-interest Income	$	—	—	(14	)

Effect of Fair Value Hedges on Consolidated Statements of Income

The effect of fair value hedges on the consolidated statements of operations for the years ended December 31, 2012, 2011 and 2010 is presented below.



	Derivative							Hedged Item
	Location of	Amount of Gain (Loss)							Amount of Gain (Loss)
	Gain (Loss)	Recognized in Income on						Location of	Recognized in Income On
	Recognized	Derivative						Gain (Loss)	Hedged Item
	in Income	Twelve Months Ended						Recognized in	Twelve Months Ended
	on	December 31,						Income on	December 31,
(in thousands)	Derivative	2012		2011		2010		Hedged Item	2012		2011	2010
Derivatives Designated in Fair Value Hedging Relationships
Interest rate contracts⁽¹⁾	Other Non- Interest Income	$	—	—		(991	)	Other Non- Interest Income	$	—	—	972
Total		$	—	—		(991	)		$	—	—	972
Derivatives Not Designated as Hedging Instruments
Interest rate contracts⁽²⁾	Other Non- Interest Income (Expense)	$	1,419	(819	)	(6,902	)
Mortgage derivatives⁽³⁾	Mortgage Banking Income	$	2,364	393		(2,565	)
Total		$	3,783	(426	)	(9,467	)
Total derivatives		$	3,783	(426	)	(10,458	)		—		—	972

⁽¹⁾ Gain (loss) represents fair value adjustments recorded for fair value hedges designated in hedging relationships and related hedged items.

⁽²⁾ Gain (loss) represents net fair value adjustments (including credit related adjustments) for customer swaps and offsetting positions.

⁽³⁾ Gain (loss) represents net fair value adjustments recorded for interest rate lock commitments and commitments to sell mortgage loans

- Definition

Tabular disclosure of the location and fair value amounts of derivative instruments (and nonderivative instruments that are designated and qualify as hedging instruments) reported in the statement of financial position.

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