XML 36 R30.htm IDEA: XBRL DOCUMENT v2.4.0.8
Derivative Financial Instruments (Tables)
 9 Months Ended
Sep. 30, 2014
Derivative Instruments and Hedging Activities Disclosure [Abstract]  
Derivative financial instruments, their fair values, and balance sheet location
The following table presents the Company’s derivative financial instruments, their fair values, and balance sheet location as of September 30, 2014 and December 31, 2013:
Derivative Financial Instruments
September 30, 2014
 
December 31, 2013
Not Designated as Hedging Instruments 1
Asset

 
Liability

 
Asset

 
Liability

(dollars in thousands)
Derivatives

 
Derivatives

 
Derivatives

 
Derivatives

Interest Rate Lock Commitments
$
106

 
$
—

 
$
574

 
$
38

Forward Commitments
—

 
9

 
215

 
4

Interest Rate Swap Agreements
16,739

 
16,777

 
20,852

 
21,009

Foreign Exchange Contracts
12

 
765

 
128

 
900

Conversion Rate Swap Agreement
—

 
123

 
—

 
—

Total
$
16,857

 
$
17,674

 
$
21,769

 
$
21,951

1 
Asset derivatives are included in other assets and liability derivatives are included in other liabilities in the consolidated statements of condition.
Derivative financial instruments and the amount and location of the net gains or losses recognized in the statements of income
The following table presents the Company’s derivative financial instruments and the amount and location of the net gains and losses recognized in the consolidated statements of income for the three and nine months ended September 30, 2014 and 2013:
 
Location of
 
 
 
 
 
 
 
 
Derivative Financial Instruments
Net Gains (Losses)
 
Three Months Ended
 
Nine Months Ended
Not Designated as Hedging Instruments
Recognized in the
 
September 30,
 
September 30,
(dollars in thousands)
Statements of Income
 
2014

 
2013

 
2014

 
2013

Interest Rate Lock Commitments
Mortgage Banking
 
$
363

 
$
2,672

 
$
2,244

 
$
5,248

Forward Commitments
Mortgage Banking
 
3

 
15

 
(483
)
 
7,677

Interest Rate Swap Agreements
Other Noninterest Income
 
12

 
13

 
126

 
276

Foreign Exchange Contracts
Other Noninterest Income
 
756

 
713

 
2,199

 
2,313

Conversion Rate Swap Agreement
Investment Securities Gains, Net
 
(123
)
 
—

 
(123
)
 
—

Total
 
 
$
1,011

 
$
3,413

 
$
3,963

 
$
15,514