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Derivative and Hedging Activities (Tables)
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12 Months Ended |
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Dec. 31, 2011
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| Derivative and Hedging Activities [Abstract] |
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| Summary of Fair Value of Derivative Instruments Designated as Cash flow hedges |
| | Notional | | | | | Balance Sheet | Weighted Average | | | | Amount | | Fair Value | | Category | Receive Rate | | Pay Rate | | Maturity | | December 31, 2011 | ($ in Thousands) | | | | | | | | | | Interest rate swap — short-term funding | $ | 100,000 | | $ | (2,011) | | Other liabilities | 0.07 | % | 3.04 | % | 8 months | | December 31, 2010 | | | | | | | | | | | | | | | Interest rate swap — short-term funding | $ | 200,000 | | $ | (6,295) | | Other liabilities | 0.19 | % | 3.15 | % | 14 months |
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| Gains and losses recognized on the Corporation's derivative instruments designated as cash flow hedges |
| The table below identifies the gains and losses recognized on the Corporation’s derivative instruments designated as cash flow hedges. | | | | | | | | | | | | | | | | | | | | | | Gross | | | Amount of | Category of | Amount of | | Category of | Amount of | | | Gain /(Loss) | Gain /(Loss) | Gain /(Loss) | | Gain /(Loss) | Gain /(Loss) | | | Recognized in | Reclassified | Reclassified | | Recognized in | Recognized | | | OCI on | from AOCI into | from AOCI into | | Income on | in Income on | | | Derivatives | Income | Income | | Derivatives | Derivatives | | | (Effective | (Effective | (Effective | | (Ineffective | (Ineffective | | | Portion) | Portion) | Portion) | | Portion) | Portion) | | | ($ in Thousands) | | | | | | | | | | | | | | Year Ended December 31, 2011 | | | | Interest Expense | | | Interest Expense | | | | | | | | Short-term | | | | Short-term | | | | Interest rate swap — short-term funding | $ | (557) | | funding | $ | 4,708 | | funding | $ | 13 | | | | | | | | | | | | | | Year Ended December 31, 2010 | | | | Interest Expense | | | Interest Expense | | | | | | | | Short-term | | | | Short-term | | | | Interest rate swap — short-term funding | $ | (4,542) | | funding | $ | 6,013 | | funding | $ | (201) |
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| 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 derivative instruments not designated | | as hedging instruments. | | | | | | | | | Weighted Average | | | Notional | | | | Balance Sheet | Receive | | Pay | | | | | Amount | | Fair Value | Category | Rate (1) | | Rate (1) | | Maturity | | | ($ in Thousands) | | | | | | | | December 31, 2011 | | | | | | | | | | | | | Interest rate-related instruments — customer and mirror | $ | 1,563,831 | | $ | 71,143 | Other assets | 1.66 | % | 1.66 | % | 45 months | | Interest rate-related instruments — customer and mirror | | 1,563,831 | | | (78,064) | Other liabilities | 1.66 | % | 1.66 | % | 45 months | | Interest rate lock commitments (mortgage) | | 235,375 | | | 4,571 | Other assets | — | | — | | — | | Forward commitments (mortgage) | | 437,500 | | | (4,771) | Other liabilities | — | | — | | — | | Foreign currency exchange forwards | | 52,973 | | | 2,079 | Other assets | — | | — | | — | | Foreign currency exchange forwards | | 44,107 | | | (1,891) | Other liabilities | — | | — | | — | | Purchased options (time deposit) | | 54,780 | | | 2,854 | Other assets | — | | — | | — | | Written options (time deposit) | | 54,780 | | | (2,854) | Other liabilities | — | | — | | — | | | | | | | | | | | | | | | December 31, 2010 | | | | | | | | | | | | | Interest rate-related instruments — customer and mirror | $ | 1,268,502 | | $ | 54,154 | Other assets | 1.78 | % | 1.78 | % | 41 months | | Interest rate-related instruments — customer and mirror | | 1,268,502 | | | (58,632) | Other liabilities | 1.78 | % | 1.78 | % | 41 months | | Interest rate lock commitments (mortgage) | | 129,377 | | | (78) | Other liabilities | — | | — | | — | | Forward commitments (mortgage) | | 281,000 | | | 5,617 | Other assets | — | | — | | — | | Foreign currency exchange forwards | | 56,584 | | | 1,530 | Other assets | — | | — | | — | | Foreign currency exchange forwards | | 48,652 | | | (1,289) | Other liabilities | — | | — | | — | | | | | | | | | | | | | | | (1) Reflects the weighted average receive rate and pay rate for the interest rate swap derivative financial instruments only. |
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| 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. | | | | | | | | Income Statement Category of | Gain /(Loss) | | | Gain /(Loss) Recognized in Income | Recognized in Income | | | | | ($ in Thousands) | | Year ended December 31, 2011 | | | | | Interest rate-related instruments —customer and mirror, net | Capital market fees, net | | (2,443) | | Interest rate lock commitments (mortgage) | Mortgage banking, net | | 4,649 | | Forward commitments (mortgage) | Mortgage banking, net | | (10,388) | | Foreign currency exchange forwards | Capital market fees, net | | (53) | | | | | | | Year ended December 31, 2010 | | | | | Interest rate-related instruments —customer and mirror, net | Capital market fees, net | | (1,876) | | Interest rate lock commitments (mortgage) | Mortgage banking, net | | 1,293 | | Forward commitments (mortgage) | Mortgage banking, net | | 1,105 | | Foreign currency exchange forwards | Capital market fees, net | | (309) |
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