Summary of Notional Amounts and Fair Values of Derivative Financial Instruments |
The following table presents a summary of the notional amounts and fair values of derivative financial instruments: | | | | | | | | | | | | | | | | | | March 31, 2013 | | December 31, 2012 | | Notional Amount | | Asset (Liability) Fair Value | | Notional Amount | | Asset (Liability) Fair Value | | (in thousands) | Interest Rate Locks with Customers | | | | | | | | Positive fair values | $ | 232,548 |
| | $ | 4,412 |
| | $ | 314,416 |
| | $ | 6,912 |
| Negative fair values | 16,306 |
| | (193 | ) | | 9,714 |
| | (155 | ) | Net interest rate locks with customers |
| | 4,219 |
| |
| | 6,757 |
| Forward Commitments | | | | | | | | Positive fair values | 14,792 |
| | 396 |
| | 79,152 |
| | 707 |
| Negative fair values | 229,351 |
| | (176 | ) | | 236,500 |
| | (915 | ) | Net forward commitments | | | 220 |
| | | | (208 | ) | Interest Rate Swaps | | | | | | | | Interest rate swaps with customers | 146,789 |
| | 6,682 |
| | 130,841 |
| | 7,090 |
| Interest rate swaps with counterparties | 146,789 |
| | (6,682 | ) | | 130,841 |
| | (7,090 | ) | Foreign Exchange Contracts with Customers | | | | | | | | Positive fair values | 17,645 |
| | 399 |
| | 1,941 |
| | 137 |
| Negative fair values | 9,626 |
| | (150 | ) | | 10,199 |
| | (348 | ) | Net foreign exchange contracts with customers | | | 249 |
| | | | (211 | ) | Foreign Exchange Contracts with Correspondent Banks | | | | | | | | Positive fair values | 42,386 |
| | 1,422 |
| | 60,106 |
| | 1,064 |
| Negative fair values | 32,907 |
| | (1,061 | ) | | 37,557 |
| | (1,121 | ) | Net foreign exchange contracts with correspondent banks | | | 361 |
| | | | (57 | ) | Net derivative fair value asset | | | $ | 5,049 |
| | | | $ | 6,281 |
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Summary of Fair Value Gains and Losses on Derivative Financial Instruments |
The following table presents a summary of the fair value gains and losses on derivative financial instruments for the three months ended March 31: | | | | | | | | | | 2013 | | 2012 | | (in thousands) | Interest rate locks with customers | $ | (2,538 | ) | | $ | 809 |
| Forward commitments | 428 |
| | 3,346 |
| Interest rate swaps with customers | (408 | ) | | 525 |
| Interest rate swaps with counterparties | 408 |
| | (525 | ) | Foreign exchange contracts with customers | 460 |
| | (1,050 | ) | Foreign exchange contracts with correspondent banks | 418 |
| | 1,551 |
| Net fair value gains (losses) on derivative financial instruments | $ | (1,232 | ) | | $ | 4,656 |
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