Derivative Instruments (Tables)

6 Months Ended

Jun. 30, 2011

Derivative Instruments

Schedule of Notional Amounts of Derivative Instruments

	June 30		December 31
(In thousands)	2011		2010
Interest rate swaps	$	531,487	$	498,071
Interest rate caps		30,736		31,736
Credit risk participation agreements		83,101		40,661
Foreign exchange contracts:
Forward contracts		64,581		25,867
Option contracts		3,100		—
Mortgage loan commitments		8,241		12,125
Mortgage loan forward sale contracts		13,349		24,112
Total notional amount	$	734,595	$	632,572

Schedule of Gains and Losses Related To Fair Value Hedges

	For the Three Months						For the Six Months
	Ended June 30						Ended June 30
(In thousands)	2011			2010			2011			2010
Gain (loss) on interest rate swaps	$	(117	)	$	(309	)	$	70		$	(390	)
Gain (loss) on loans		117			299			(64	)		372
Amount of hedge ineffectiveness	$	—		$	(10	)	$	6		$	(18	)

Schedule of Fair Values of Derivative Instruments

	Asset Derivatives					Liability Derivatives
	Balance	June 30		Dec. 31		Balance	June 30			Dec. 31
	Sheet	2011		2010		Sheet	2011			2010
(In thousands)	Location	Fair Value				Location	Fair Value
Derivatives designated as hedging instruments:
Interest rate swaps	Other assets	$	—	$	—	Other liabilities	$	(1,090	)	$	(1,159	)
Total derivatives designated as hedging instruments		$	—	$	—		$	(1,090	)	$	(1,159	)
Derivatives not designated as hedging instruments:
Interest rate swaps	Other assets	$	17,121	$	17,712	Other liabilities	$	(17,220	)	$	(17,799	)
Interest rate caps	Other assets		45		84	Other liabilities		(45	)		(84	)
Credit risk participation agreements	Other assets		6		—	Other liabilities		(373	)		(130	)
Foreign exchange contracts:
Forward contracts	Other assets		1,190		492	Other liabilities		(905	)		(359	)
Option contracts	Other assets		1		—	Other liabilities		(1	)		—
Mortgage loan commitments	Other assets		102		101	Other liabilities		(2	)		(30	)
Mortgage loan forward sale contracts	Other assets		30		434	Other liabilities		(51	)		(23	)
Total derivatives not designated as hedging instruments		$	18,495	$	18,823		$	(18,597	)	$	(18,425	)
Total derivatives		$	18,495	$	18,823		$	(19,687	)	$	(19,584	)

Summary of the Effects of Derivative Instruments on Consolidated Statements of Income

	Location of Gain or
	(Loss) Recognized in
	Income on Derivative	Amount of Gain or (Loss) Recognized in Income on Derivative
		For the Three Months						For the Six Months
		Ended June 30						Ended June 30
(In thousands)		2011			2010			2011			2010
Derivatives in fair value hedging relationships:
Interest rate swaps	Interest and fees on loans	$	(117	)	$	(309	)	$	70		$	(390	)
Total		$	(117	)	$	(309	)	$	70		$	(390	)
Derivatives not designated as hedging instruments:
Interest rate swaps	Other non-interest income	$	167		$	269		$	556		$	459
Interest rate caps	Other non-interest income		—			32			—			32
Credit risk participation agreements	Other non-interest income		29			8			35			13
Foreign exchange contracts:
Forward contracts	Other non-interest income		(11	)		138			153			414
Option contracts	Other non-interest income		—			—			—			—
Mortgage loan commitments	Loan fees and sales		(15	)		156			29			240
Mortgage loan forward sale contracts	Loan fees and sales		(19	)		(259	)		(432	)		(361	)
Total		$	151		$	344		$	341		$	797