Derivative and Hedging Activities (Tables)

3 Months Ended

Mar. 31, 2016

Schedule of Notional Amounts and Gross Fair Values of Derivative Assets and Derivative Liabilities

The following table presents notional amounts and gross fair values of all derivative assets and derivative liabilities held by the Corporation:

	March 31, 2016						December 31, 2015
	Notional		Fair Value				Notional		Fair Value
	Amount		Asset		Liability		Amount		Asset		Liability
Gross Derivatives
Subject to master netting arrangements:
Interest rate contracts – designated	$	250,000	$	7,859	$	1,341	$	250,000	$	3,178	$	962
Interest rate swaps – not designated		1,373,959		—		80,625		1,262,964		1		50,491
Equity contracts – not designated		1,180		34		—		1,180		18		—
Total subject to master netting arrangements		1,625,139		7,893		81,966		1,514,144		3,197		51,453
Not subject to master netting arrangements:
Interest rate swaps – not designated		1,373,959		80,091		—		1,262,964		49,998		1
Credit risk contracts – not designated		134,204		22		219		114,753		7		133
Equity contracts – not designated		1,180		—		34		1,180		—		18
Total not subject to master netting arrangements		1,509,343		80,113		253		1,378,897		50,005		152
	$	3,134,482	$	88,006	$	82,219	$	2,893,041	$	53,202	$	51,605

Derivative Assets

The following table presents information about derivative assets and derivative liabilities that are subject to enforceable master netting arrangements as well as those not subject to enforceable master netting arrangements:

	Gross Amount		Gross Amounts Offset in the Balance Sheet		Net Amount Presented in the Balance Sheet
March 31, 2016
Derivative Assets
Subject to master netting arrangements:
Interest rate contracts
Designated	$	7,859		—	$	7,859
Not designated		—		—		—
Equity contracts – not designated		34		—		34
Not subject to master netting arrangements:
Interest rate contracts – not designated		80,091		—		80,091
Credit contracts – not designated		22		—		22
	$	88,006		—	$	88,006

December 31, 2015
Derivative Assets
Subject to master netting arrangements:
Interest rate contracts
Designated	$	3,178	—	$	3,178
Not designated		1	—		1
Equity contracts – not designated		18	—		18
Not subject to master netting arrangements:
Interest rate contracts – not designated		49,998	—		49,998
Credit contracts – not designated		7			7
	$	53,202	—	$	53,202

Derivative Liabilities

The following table presents information about derivative assets and derivative liabilities that are subject to enforceable master netting arrangements as well as those not subject to enforceable master netting arrangements:

March 31, 2016

Derivative Liabilities
Subject to master netting arrangements:
Interest rate contracts
Designated	$	1,341	—	$	1,341
Not designated		80,625	—		80,625
Not subject to master netting arrangements:
Interest rate contracts – not designated		—	—		—
Credit contracts – not designated		219	—		219
Equity contracts – not designated		34	—		34
	$	82,219	—	$	82,219

                                      December 31, 2015

Derivative Liabilities
Subject to master netting arrangements:
Interest rate contracts
Designated	$	962	—	$	962
Not designated		50,491	—		50,491
Not subject to master netting arrangements:
Interest rate contracts – not designated		1	—		1
Credit contracts – not designated		133			133
Equity contracts – not designated		18	—		18
	$	51,605	—	$	51,605

Effect of Corporation's Derivative Financial Instruments on Income Statement

The following table presents the effect of certain of the Corporation’s derivative financial instruments on the income statement:

	Income	Three Months Ended
	Statement	March 31,
	Location	2016			2015
Interest Rate Contracts	Interest income—loans and leases	$	687		$	809
Interest Rate Contracts	Interest expense—short-term borrowings		150			—
Interest Rate Swaps	Other income		(41	)		(107	)
Credit Risk Contracts	Other income		(71	)		—

Collateral Held By Counterparty [Member]

Derivative Assets

The following table presents a reconciliation of the net amounts of derivative assets and derivative liabilities presented in the balance sheet to the net amounts that would result in the event of offset:

			Amount Not Offset in the Balance Sheet
	Net Amount Presented in the Balance Sheet		Financial Instruments		Cash Collateral		Net Amount
March 31, 2016
Derivative Assets
Interest rate contracts:
Designated	$	7,859	$	5,052	$	2,807		—
Not designated		—		—		—		—
Equity contracts – not designated		34		34		—		—
	$	7,893	$	5,086	$	2,807		—

December 31, 2015
Derivative Assets
Interest rate contracts:
Designated	$	3,178	$	1,516	$	1,662	—
Not designated		1		1		—	—
Equity contracts – not designated		18		18		—	—
	$	3,197	$	1,535	$	1,662	—

Derivative Liabilities

The following table presents a reconciliation of the net amounts of derivative assets and derivative liabilities presented in the balance sheet to the net amounts that would result in the event of offset:

March 31, 2016

Derivative Liabilities
Interest rate contracts:
Designated	$	1,341	$	—	$	1,341	$	—
Not designated		80,625		31,472		47,487		1,666
	$	81,966	$	31,472	$	48,828	$	1,666

                   December 31, 2015

Derivative Liabilities
Interest rate contracts:
Designated	$	962	$	792	$	170	$	—
Not designated		50,491		24,579		24,632		1,280
	$	51,453	$	25,371	$	24,802	$	1,280