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Other Noninterest Income and Other Noninterest Expense
9 Months Ended
Sep. 30, 2012
Text Block [Abstract]  
Other Noninterest Income and Other Noninterest Expense
Other Noninterest Income and Other Noninterest Expense
A summary of other noninterest income for the three and nine months ended September 30, 2012 and 2011 is as follows:
 
 
Three months ended September 30,
 
Nine months ended September 30,
(Dollars in thousands)
 
2012
 
2011
 
2012
 
2011
Unused commitment fees
 
$
2,579

 
$
1,900

 
$
9,312

 
$
5,194

Fund management fees
 
2,496

 
2,671

 
8,448

 
8,022

Service-based fee income
 
1,651

 
2,339

 
6,197

 
7,151

Net gains on the sale of certain assets related to our equity management services business
 

 

 
4,243

 

Loan syndication fees
 
1,353

 
50

 
2,853

 
920

Gains (losses) on revaluation of foreign currency instruments (1)
 
1,578

 
(3,931
)
 
96

 
(733
)
Currency revaluation gains (losses) (2)
 
845

 
(1,551
)
 
(88
)
 
(2,672
)
Other
 
2,921

 
1,630

 
8,104

 
5,502

Total other noninterest income
 
$
13,423

 
$
3,108

 
$
39,165

 
$
23,384

 
 
(1)
Represents the revaluation of foreign currency denominated financial instruments issued and held by us, primarily loans, deposits and cash.
(2)
Represents the revaluation of foreign currency denominated financial statements of certain funds. Included in these amounts are gains of $0.8 million and losses of $3 thousand for the three and nine months ended September 30, 2012, respectively, attributable to noncontrolling interests calculated based on the ownership percentages of the noncontrolling interests. This compares to losses of $1.7 million and $1.6 million for the comparable 2011 periods.
A summary of other noninterest expense for the three and nine months ended September 30, 2012: and 2011 is as follows:
 
 
Three months ended September 30,
 
Nine months ended September 30,
(Dollars in thousands)
 
2012
 
2011
 
2012
 
2011
Telephone
 
$
1,619

 
$
1,610

 
$
4,950

 
$
4,376

Client services
 
1,804

 
1,289

 
4,796

 
3,128

Data processing services
 
1,575

 
1,097

 
4,290

 
3,589

Tax credit fund amortization
 
941

 
1,212

 
2,961

 
3,366

Postage and supplies
 
591

 
641

 
1,844

 
1,725

Dues and publications
 
472

 
465

 
1,503

 
1,166

Net gain from note repurchases and termination of corresponding interest rate swaps
 

 

 

 
(3,123
)
Other
 
1,961

 
3,240

 
5,844

 
8,226

Total other noninterest expense
 
$
8,963

 
$
9,554

 
$
26,188

 
$
22,453