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Derivative Financial Instruments (Tables)
9 Months Ended
Sep. 30, 2013
Derivative Instruments And Hedging Activities Disclosure [Abstract]  
Fair Value of Derivative Instruments

The location of the asset and liability, and their respective fair values are summarized in the table below:

 

     September 30, 2013  
     Asset Derivatives      Liability Derivatives  
     Balance Sheet
Location
   Fair
Value
     Balance Sheet
Location
   Fair
Value
 
     (Dollars in thousands)       

Derivatives not designated as hedging instruments:

           

Interest rate swaps

   Other assets    $ 13,393       Other liabilities    $ 13,393   
     

 

 

       

 

 

 

Total derivatives

      $ 13,393          $ 13,393   
     

 

 

       

 

 

 

 

     December 31, 2012  
     Asset Derivatives      Liability Derivatives  
     Balance Sheet
Location
   Fair
Value
     Balance Sheet
Location
   Fair
Value
 
     (Dollars in thousands)  

Derivatives not designated as hedging instruments:

           

Interest rate swaps

   Other assets    $ 23,966       Other liabilities    $ 23,966   
     

 

 

       

 

 

 

Total derivatives

      $ 23,966          $ 23,966   
     

 

 

       

 

 

 
Effect of Derivative Instruments on Consolidated Statement of Earnings

The following table summarizes the effect of derivative financial instruments on the consolidated statements of earnings for the three and nine months ended September 30, 2013, and 2012:

 

Derivatives Not

Designated as Hedging

Instruments

   Location of Gain
Recognized in Income on
Derivative Instruments
   Amount of Gain Recognized in Income on
Derivative Instruments
 
          For the Three Months Ended September 30,  
          2013      2012  
          (Dollars in thousands)  

Interest rate swaps

   Other income    $ —         $ 360   
     

 

 

    

 

 

 

Total

      $ —         $ 360   
     

 

 

    

 

 

 

Derivatives Not

Designated as Hedging

Instruments

   Location of Gain
Recognized in Income on
Derivative Instruments
   Amount of Gain Recognized in Income on
Derivative Instruments
 
          For the Nine Months Ended September 30,  
          2013      2012  
          (Dollars in thousands)  

Interest rate swaps

   Other income    $ —         $ 1,052   
     

 

 

    

 

 

 

Total

      $ —         $ 1,052