Derivative Instruments and Hedging Activities (Tables)

6 Months Ended

Jun. 30, 2011

Derivative Instruments and Hedging Activities

Consolidated Statements of Financial Condition Related to Fair Value of Derivative Financial Instruments

			Fair Value
	Balance Sheet Line Item		June 30, 2011		December 31, 2010
			(in thousands)
Asset Derivatives:
Derivatives designated as hedging instruments:
Cash flow hedge interest rate caps and swaps		Other Assets	$	3,349	$	8,414
Fair value hedge interest rate swaps		Other Assets		566		—
Total derivatives designated as hedging instruments			$	3,915	$	8,414
Derivatives not designated as hedging instruments:
Interest rate swaps		Other Assets	$	1,069	$	—
Total derivatives not designated as hedging instruments			$	1,069	$	—
Liability Derivatives:
Derivatives designated as hedging instruments:
Fair value hedge interest rate swaps		Other Liabilities	$	1,436	$	1,379
Total derivatives designated as hedging instruments			$	1,436	$	1,379
Derivatives not designated as hedging instruments:
Interest rate swaps		Other Liabilities	$	1,069	$	—
Total derivatives not designated as hedging instruments			$	1,069	$	—

Gains (Losses) Related to Interest Rate Derivatives Designated as Hedges of Cash Flows

	Three Months Ended June 30,						Six Months Ended June 30,
	2011			2010			2011			2010
	(in thousands)
Interest rate caps on short-term borrowings and deposit accounts:
Amount of loss reclassified from accumulated other comprehensive income (loss) to interest on short-term borrowings	$	(611	)	$	(494	)	$	(1,188	)	$	(876	)
Amount of loss recognized in other comprehensive income (loss)		(6,533	)		(2,693	)		(5,099	)		(4,757	)

Gains (Losses) Related to Interest Rate Derivatives Designated as Hedges of Fair Value

	Three Months Ended June 30,						Six Months Ended June 30,
	2011			2010			2011			2010
	(in thousands)
Derivative - interest rate swaps:
Interest income - interest and fees on loans	$	(218	)	$	(566	)	$	(58	)	$	(640	)
Interest expense - interest on time deposits		676			—			566			—
Hedged item - loans and deposits:
Interest income - interest and fees on loans	$	218		$	566		$	58		$	640
Interest expense - interest on time deposits		(699	)		—			(581	)		—