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DERIVATIVE INSTRUMENTS (Tables)
3 Months Ended
Mar. 31, 2013
Derivative Instruments and Hedging Activities Disclosure [Abstract]  
Schedule of Derivative Instruments [Table Text Block]
The following table summarizes derivative instruments held by the Company, their notional amount, estimated fair values and their location in the consolidated balance sheets at March 31, 2013 and December 31, 2012:
 
 
 
Derivatives in Other Assets
 
Derivatives in Other Liabilities
 
Notional Amount
 
Fair Value Gain (Loss)
 
Fair Value Loss
 
March 31, 2013
 
December 31, 2012
 
March 31, 2013
 
December 31, 2012
 
March 31, 2013
 
December 31, 2012
 
(dollars expressed in thousands)
Derivative Instruments Not Designated as Hedging Instruments:
 
 
 
 
 
 
 
 
 
 
 
Customer interest rate swap agreements
$
11,010

 
12,149

 
57

 
87

 
(57
)
 
(87
)
Interest rate lock commitments
44,753

 
59,932

 
1,115

 
1,837

 

 

Forward commitments to sell mortgage-backed securities
63,050

 
107,700

 
(65
)
 
(305
)
 

 

Total
$
118,813

 
179,781

 
1,107

 
1,619

 
(57
)
 
(87
)
Schedule of Derivative Instruments, Gain (Loss) in Statement of Financial Performance [Table Text Block]
The following table summarizes amounts included in the consolidated statements of operations for the three months ended March 31, 2013 and 2012 related to non-hedging derivative instruments:
Derivative Instruments Not Designated as Hedging Instruments:
Location of Gain (Loss) Recognized
in Operations on Derivatives
Amount of Gain (Loss) Recognized
in Operations on Derivatives
Three Months Ended
March 31,
2013
 
2012
 
 
(dollars expressed in thousands)
Interest rate swap agreements
Other noninterest income
$

 
(39
)
Customer interest rate swap agreements
Other noninterest income

 
3

Interest rate lock commitments
Gain on loans sold and held for sale
(722
)
 
127

Forward commitments to sell mortgage-backed securities
Gain on loans sold and held for sale
240

 
772