XML 31 R28.htm IDEA: XBRL DOCUMENT v3.2.0.727
Derivative Financial Instruments (Tables)
 6 Months Ended
Jun. 30, 2015
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.
 
 
 
 
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
June 30, 2015
 
 

 
 
 
 

 
 
 
 

Interest rate swap contracts
 
$
482,862

 
Other assets
 
$
8,186

 
Other liabilities
 
$
8,342

Loan commitments
 
13,776

 
Mortgages held for sale
 
89

 
N/A
 
—

Forward contracts - mortgage loan
 
22,050

 
Mortgages held for sale
 
204

 
N/A
 
—

Total
 
$
518,688

 
 
 
$
8,479

 
 
 
$
8,342

 
 
 
 
 
 
 
 
 
 
 
December 31, 2014
 
 

 
 
 
 

 
 
 
 

Interest rate swap contracts
 
$
459,508

 
Other assets
 
$
9,125

 
Other liabilities
 
$
9,302

Loan commitments
 
11,109

 
Mortgages held for sale
 
2

 
N/A
 
—

Forward contracts - mortgage loan
 
19,800

 
N/A
 
—

 
Mortgages held for sale
 
142

Total
 
$
490,417

 
 
 
$
9,127

 
 
 
$
9,444
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.
 
 
 
 
Gain (loss)
 
 
 
 
Three Months Ended 
 June 30,
 
Six Months Ended 
 June 30,
(Dollars in thousands)
 
Statement of Income classification
 
2015
 
2014
 
2015
 
2014
Interest rate swap contracts
 
Other expense
 
$
41

 
$
(7
)
 
$
22

 
$
(1
)
Interest rate swap contracts
 
Other income
 
221

 
103

 
297

 
195

Loan commitments
 
Mortgage banking income
 
(52
)
 
(83
)
 
87

 
27

Forward contracts - mortgage loan
 
Mortgage banking income
 
372

 
(266
)
 
346

 
(386
)
Forward contracts - foreign exchange
 
Other income
 
—

 
(3
)
 
—

 
(4
)
Total
 
 
 
$
582

 
$
(256
)
 
$
752

 
$
(169
)
Schedule of offsetting of financial assets and derivative assets
The following table shows the offsetting of financial assets and derivative assets.
 
 
 
 
 
 
 
 
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
June 30, 2015
 
 

 
 

 
 

 
 

 
 

 
 

Interest rate swaps
 
$
8,458

 
$
272

 
$
8,186

 
$
—

 
$
—

 
$
8,186

 
 
 
 
 
 
 
 
 
 
 
 
 
December 31, 2014
 
 

 
 

 
 

 
 

 
 

 
 

Interest rate swaps
 
$
9,492

 
$
367

 
$
9,125

 
$
—

 
$
—

 
$
9,125
Schedule of offsetting of financial liabilities and derivative liabilities
The following table shows the offsetting of financial liabilities and derivative liabilities.
 
 
 
 
 
 
 
 
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
June 30, 2015
 
 

 
 

 
 

 
 

 
 

 
 

Interest rate swaps
 
$
8,614

 
$
272

 
$
8,342

 
$
—

 
$
7,994

 
$
348

Repurchase agreements
 
122,658

 
—

 
122,658

 
122,658

 
—

 
—

Total
 
$
131,272

 
$
272

 
$
131,000

 
$
122,658

 
$
7,994

 
$
348

 
 
 
 
 
 
 
 
 
 
 
 
 
December 31, 2014
 
 

 
 

 
 

 
 

 
 

 
 

Interest rate swaps
 
$
9,669

 
$
367

 
$
9,302

 
$
—

 
$
9,018

 
$
284

Repurchase agreements
 
128,343

 
—

 
128,343

 
128,343

 
—

 
—

Total
 
$
138,012

 
$
367

 
$
137,645

 
$
128,343

 
$
9,018

 
$
284