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DERIVATIVE INSTRUMENTS (Tables)
6 Months Ended
Jun. 30, 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 June 30, 2013 and December 31, 2012:
 
 
 
Derivatives in Other Assets
 
Derivatives in Other Liabilities
 
Notional Amount
 
Fair Value Gain (Loss)
 
Fair Value Loss
 
June 30, 2013
 
December 31, 2012
 
June 30, 2013
 
December 31, 2012
 
June 30, 2013
 
December 31, 2012
 
(dollars expressed in thousands)
Derivative Instruments Not Designated as Hedging Instruments:
 
 
 
 
 
 
 
 
 
 
 
Customer interest rate swap agreements
$
9,871

 
12,149

 
31

 
87

 
(31
)
 
(87
)
Interest rate lock commitments
38,384

 
59,932

 
68

 
1,837

 

 

Forward commitments to sell mortgage-backed securities
67,600

 
107,700

 
2,478

 
(305
)
 

 

Total
$
115,855

 
179,781

 
2,577

 
1,619

 
(31
)
 
(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 and six months ended June 30, 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
 
Six Months Ended
June 30,
 
June 30,
2013
 
2012
 
2013
 
2012
 
 
(dollars expressed in thousands)
Interest rate swap agreements
Other noninterest income
$

 
(2
)
 

 
(41
)
Customer interest rate swap agreements
Other noninterest income

 

 

 
3

Interest rate lock commitments
Gain on loans sold and held for sale
(1,047
)
 
1,582

 
(1,769
)
 
1,709

Forward commitments to sell mortgage-backed securities
Gain on loans sold and held for sale
2,543

 
(1,200
)
 
2,783

 
(428
)