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Derivative Financial Instruments (Tables)
12 Months Ended
Dec. 31, 2013
Derivative Instruments and Hedging Activities Disclosure [Abstract]  
Schedule of amounts of non-hedging derivative financial instruments
The following table shows the amounts of non-hedging derivative financial instruments at December 31, 2013 and 2012:
 
 
 
 
Asset derivatives
 
Liability derivatives
(Dollars in thousands)
 
Notional or contractual amount
 
Statement of Financial Condition classification
 
Fair value
 
Statement of Financial Condition classification
 
Fair value
Interest rate swap contracts
 
$
462,790

 
Other assets
 
$
9,894

 
Other liabilities
 
$
10,087

Loan commitments
 
7,878

 
Mortgages held for sale
 
12

 
N/A
 

Forward contracts - mortgage loan
 
10,600

 
Mortgages held for sale
 
121

 
N/A
 

Forward contracts - foreign exchange
 
1,308

 
N/A
 

 
Other assets
 
7

Total - December 31, 2013
 
$
482,576

 
 
 
$
10,027

 
 
 
$
10,094

 
 
 
 
 
 
 
 
 
 
 
Interest rate swap contracts
 
$
446,024

 
Other assets
 
$
16,126

 
Other liabilities
 
$
16,444

Loan commitments
 
33,961

 
Mortgages held for sale
 
220

 
N/A
 

Forward contracts - mortgage loan
 
21,500

 
N/A
 

 
Mortgages held for sale
 
33

Total - December 31, 2012
 
$
501,485

 
 
 
$
16,346

 
 
 
$
16,477

Schedule of amounts included in the consolidated statements of income for non-hedging derivative financial instruments
The following table shows the amounts included in the Statements of Income for non-hedging derivative financial instruments at December 31, 2013, 2012 and 2011:
 
 
 
 
Gain (loss)
(Dollars in thousands)
 
Statement of Income classification
 
2013
 
2012
 
2011
Interest rate swap contracts
 
Other expense
 
$
124

 
$
131

 
$
57

Interest rate swap contracts
 
Other income
 
716

 
721

 
588

Loan commitments
 
Mortgage banking income
 
(208
)
 
31

 
159

Forward contracts - mortgage loan
 
Mortgage banking income
 
154

 
185

 
(669
)
Forward contracts - foreign exchange
 
Other income
 
(7
)
 

 

Total
 
 
 
$
779

 
$
1,068

 
$
135

Schedule of offsetting of financial assets and derivative assets
The following table shows the offsetting of financial assets and derivative assets at December 31, 2013 and 2012:
 
 
 
 
 
 
 
 
Gross Amounts Not Offset in the Statement of Financial Condition
 
 
(Dollars in thousands)
 
Gross Amounts of Recognized Assets
 
Gross Amounts Offset in the Statement of Financial Condition
 
Net Amounts of Assets Presented in the Statement of Financial Condition
 
Financial Instruments
 
Cash Collateral Received
 
Net Amount
December 31, 2013
 
 
 
 
 
 
 
 
 
 
 
 
Interest rate swaps
 
$
10,511

 
$
617

 
$
9,894

 
$

 
$

 
$
9,894

 
 
 
 
 
 
 
 
 
 
 
 
 
December 31, 2012
 
 
 
 
 
 
 
 
 
 
 
 
Interest rate swaps
 
$
17,422

 
$
1,296

 
$
16,126

 
$

 
$

 
$
16,126

Schedule of offsetting of financial liabilities and derivative liabilities
The following table shows the offsetting of financial liabilities and derivative liabilities at December 31, 2013 and 2012:
 
 
 
 
 
 
 
 
Gross Amounts Not Offset in the Statement of Financial Condition
 
 
(Dollars in thousands)
 
Gross Amounts of Recognized Liabilities
 
Gross Amounts Offset in the Statement of Financial Condition
 
Net Amounts of Liabilities Presented in the Statement of Financial Condition
 
Financial Instruments
 
Cash Collateral Pledged
 
Net Amount
December 31, 2013
 
 
 
 
 
 
 
 
 
 
 
 
Interest rate swaps
 
$
10,704

 
$
617

 
$
10,087

 
$

 
$
8,409

 
$
1,678

Repurchase agreements
 
117,620

 

 
117,620

 
117,620

 

 

Total
 
$
128,324

 
$
617

 
$
127,707

 
$
117,620

 
$
8,409

 
$
1,678

 
 
 
 
 
 
 
 
 
 
 
 
 
December 31, 2012
 
 
 
 
 
 
 
 
 
 
 
 
Interest rate swaps
 
$
17,740

 
$
1,296

 
$
16,444

 
$

 
$
15,811

 
$
633

Repurchase agreements
 
100,180

 

 
100,180

 
100,180

 

 

Total
 
$
117,920

 
$
1,296

 
$
116,624

 
$
100,180

 
$
15,811

 
$
633