Derivative Financial Instruments (Tables)

6 Months Ended

Jun. 30, 2016

Derivative Financial Instruments

Summary of notional amounts and fair values of derivatives held

	June 30, 2016						December 31, 2015
			Fair Value						Fair Value
	Notional		Asset		Liability		Notional		Asset		Liability
(dollars in thousands)	Amount		Derivatives (1)		Derivatives (2)		Amount		Derivatives (1)		Derivatives (2)
Derivatives designated as hedging instruments:
Interest rate swaps	$	203,476	$	—	$	(11,144)	$	232,867	$	—	$	(8,996)
Derivatives not designated as hedging instruments:
Interest rate swaps		1,018,305		31,382		(34,994)		682,621		10,909		(14,126)
Funding swap		34,475		—		(8,376)		—		—		—
Foreign exchange contracts		4,486		27		(56)		4,821		93		—

(1)The positive fair value of derivative assets are included in other assets.

(2)The negative fair value of derivative liabilities are included in other liabilities.

Schedule of gains and losses recognized in income related to derivatives in fair value hedging relationships

	Three Months Ended				Six Months Ended
(dollars in thousands)	2016		2015		2016		2015
Losses recorded in net interest income	$	(297)	$	(601)	$	(694)	$	(1,464)
(Losses) gains recorded in noninterest income:
Recognized on derivatives		(530)		3,034		(1,518)		1,992
Recognized on hedged item		467		(3,107)		1,546		(1,880)
Net (losses) gains recognized on fair value hedges (ineffective portion)		(63)		(73)		28		112
Net losses recognized on fair value hedges	$	(360)	$	(674)	$	(666)	$	(1,352)

Summary of effect of cash flow hedging relationships

	Three Months Ended				Six Months Ended
(dollars inthousands)	2016		2015		2016		2015
Pretax gains (losses) recognized in OCI on derivatives (effective portion)	$	201	$	1,282	$	(628)	$	269
Pretax gain reclassified from accumulated other comprehensive income	$	—	$	(457)	$	—	$	(457)