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Derivative and Hedging Activities (Tables)
 12 Months Ended
Dec. 31, 2015
Derivative Instruments and Hedging Activities Disclosure [Abstract]  
Balance sheet category and fair values of derivative instruments not designated as hedging instruments
The table below identifies the balance sheet category and fair values of the Corporation’s free standing derivative instruments, which are not designated as hedging instruments.
 
Notional
Amount
 
Fair
Value
 
Balance Sheet
Category
 
Weighted Average
($ in Thousands)
Receive Rate(1)
 
Pay Rate(1)
 
Maturity
December 31, 2015
 
 
 
 
 
 
 
 
 
 
 
Interest rate-related instruments — customer and mirror
$
1,665,965

 
$
29,391

 
Trading assets
 
1.56
%
 
1.56
%
 
41 months

Interest rate-related instruments — customer and mirror
1,665,965

 
(30,886
)
 
Trading liabilities
 
1.56
%
 
1.56
%
 
41 months

Interest rate lock commitments (mortgage)
271,530

 
958

 
Other assets
 
—

 
—

 
—

Forward commitments (mortgage)
231,798

 
403

 
Other assets
 
—

 
—

 
—

Foreign currency exchange forwards
72,976

 
1,532

 
Trading assets
 
—

 
—

 
—

Foreign currency exchange forwards
65,649

 
(1,398
)
 
Trading liabilities
 
—

 
—

 
—

Commodity contracts
44,380

 
1,269

 
Trading assets
 
—

 
—

 
—

Commodity contracts
44,256

 
(1,146
)
 
Trading liabilities
 
—

 
—

 
—

Purchased options (time deposit)
104,582

 
2,715

 
Other assets
 
—

 
—

 
—

Written options (time deposit)
104,582

 
(2,715
)
 
Other liabilities
 
—

 
—

 
—

December 31, 2014
 
 
 
 
 
 
 
 
 
 
 
Interest rate-related instruments — customer and mirror
$
1,636,480

 
$
33,023

 
Trading assets
 
1.60
%
 
1.60
%
 
42 months

Interest rate-related instruments — customer and mirror
1,636,480

 
(35,372
)
 
Trading liabilities
 
1.60
%
 
1.60
%
 
42 months

Interest rate lock commitments (mortgage)
126,379

 
1,947

 
Other assets
 
—

 
—

 
—

Forward commitments (mortgage)
234,500

 
(2,435
)
 
Other liabilities
 
—

 
—

 
—

Foreign currency exchange forwards
60,742

 
2,140

 
Trading assets
 
—

 
—

 
—

Foreign currency exchange forwards
56,573

 
(1,957
)
 
Trading liabilities
 
—

 
—

 
—

Purchased options (time deposit)
110,347

 
6,054

 
Other assets
 
—

 
—

 
—

Written options (time deposit)
110,347

 
(6,054
)
 
Other liabilities
 
—

 
—

 
—

(1) Reflects the weighted average receive rate and pay rate for the interest rate swap derivative financial instruments only.
Gain (loss) on derivative instruments not designated as hedging instruments
The table below identifies the income statement category of the gains and losses recognized in income on the Corporation’s derivative instruments not designated as hedging instruments.
($ in Thousands)
Income Statement Category of
Gain / (Loss) Recognized in Income
Gain / (Loss)
Recognized in Income
Year ended December 31, 2015
 
 
Interest rate-related instruments — customer and mirror, net
Capital market fees, net
$
854

Interest rate lock commitments (mortgage)
Mortgage banking, net
(989
)
Forward commitments (mortgage)
Mortgage banking, net
2,838

Foreign currency exchange forwards
Capital market fees, net
(49
)
Commodity contracts
Capital market fees, net
123

Year ended December 31, 2014
 
 
Interest rate-related instruments — customer and mirror, net
Capital market fees, net
$
486

Interest rate lock commitments (mortgage)
Mortgage banking, net
1,531

Forward commitments (mortgage)
Mortgage banking, net
(3,736
)
Foreign currency exchange forwards
Capital market fees, net
90