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Derivative Financial Instruments (Tables)
 9 Months Ended
Sep. 30, 2015
Derivative Instruments and Hedging Activities Disclosure [Abstract]  
Schedule of Notional Amounts and Estimated Fair Values of Interest Rate Derivative Contracts Outstanding
The notional amounts and estimated fair values of interest rate derivative contracts are presented in the following table. We obtain dealer quotations to value any outstanding interest rate derivative contracts designated as hedges of cash flows, while the fair values of other interest rate derivative contracts are estimated utilizing internal valuation models with observable market data inputs.
 
September 30, 2015
 
December 31, 2014
 
Notional
Amount
 
Estimated
Fair Value
 
Notional
Amount
 
Estimated
Fair Value
Derivatives designated as hedges of fair value:
 
 
 
 
 
 
 
Financial institution counterparties:
 
 
 
 
 
 
 
Loan/lease interest rate swaps – assets
$
6,583

 
$
15

 
$
31,614

 
$
469

Loan/lease interest rate swaps – liabilities
77,298

 
(2,912
)
 
37,672

 
(3,179
)
Non-hedging interest rate derivatives:
 
 
 
 
 
 
 
Financial institution counterparties:
 
 
 
 
 
 
 
Loan/lease interest rate swaps – assets
—

 
—

 
69,842

 
719

Loan/lease interest rate swaps – liabilities
839,394

 
(47,129
)
 
765,979

 
(38,952
)
Loan/lease interest rate caps – assets
74,281

 
878

 
73,058

 
1,003

Customer counterparties:
 
 
 
 
 
 
 
Loan/lease interest rate swaps – assets
839,394

 
47,129

 
765,979

 
38,910

Loan/lease interest rate swaps – liabilities
—

 
—

 
69,842

 
(719
)
Loan/lease interest rate caps – liabilities
74,281

 
(878
)
 
73,058

 
(1,003
)
Schedule of Weighted-Average Rates Paid and Received for Interest Rate Swaps Outstanding
The weighted-average rates paid and received for interest rate swaps outstanding at September 30, 2015 were as follows:
 
Weighted-Average
 
Interest
Rate
Paid
 
Interest
Rate
Received
Interest rate swaps:
 
 
 
Fair value hedge loan/lease interest rate swaps
2.35
%
 
0.19
%
Non-hedging interest rate swaps – financial institution counterparties
4.03
%
 
1.86
%
Non-hedging interest rate swaps – customer counterparties
1.86
%
 
4.03
%
Schedule of Notional Amounts and Estimated Fair Values of Commodity Derivative Positions
The notional amounts and estimated fair values of non-hedging commodity swap and option derivative positions outstanding are presented in the following table. We obtain dealer quotations and use internal valuation models with observable market data inputs to value our commodity derivative positions.
 
 
 
September 30, 2015
 
December 31, 2014
 
Notional
Units
 
Notional
Amount
 
Estimated
Fair Value
 
Notional
Amount
 
Estimated
Fair Value
Financial institution counterparties:
 
 
 
 
 
 
 
 
 
Oil – assets
Barrels
 
513

 
$
10,110

 
470

 
$
14,357

Oil – liabilities
Barrels
 
363

 
(811
)
 
197

 
(1,670
)
Natural gas – assets
MMBTUs
 
4,366

 
5,029

 
12,235

 
12,707

Natural gas – liabilities
MMBTUs
 
3,996

 
(1,420
)
 
16,755

 
(4,095
)
Customer counterparties:
 
 
 
 
 
 
 
 
 
Oil – assets
Barrels
 
363

 
811

 
197

 
1,670

Oil – liabilities
Barrels
 
513

 
(10,090
)
 
470

 
(14,318
)
Natural gas – assets
MMBTUs
 
3,996

 
1,420

 
16,755

 
4,095

Natural gas – liabilities
MMBTUs
 
4,366

 
(4,993
)
 
12,235

 
(12,646
)
Notional Amounts and Fair Values of Open Foreign Currency Forward Contracts
The notional amounts and fair values of open foreign currency forward contracts were as follows:
 
 
 
September 30, 2015
 
December 31, 2014
 
Notional
Currency
 
Notional
Amount
 
Estimated
Fair Value
 
Notional
Amount
 
Estimated
Fair Value
Financial institution counterparties:
 
 
 
 
 
 
 
 
 
Forward contracts - assets
EUR
 
857

 
$
2

 
936

 
$
7

Forward contracts - assets
CAD
 
—

 
—

 
24,724

 
659

Forward contracts - assets
GBP
 
532

 
2

 
—

 
—

Forward contracts - liabilities
EUR
 
572

 
(1
)
 
—

 
—

Forward contracts - liabilities
CAD
 
2,985

 
(18
)
 
—

 
—

Forward contracts - liabilities
GBP
 
—

 
—

 
544

 
(2
)
Customer counterparties:
 
 
 
 
 
 
 
 
 
Forward contracts - assets
EUR
 
575

 
5

 
—

 
—

Forward contracts - assets
CAD
 
2,980

 
24

 
—

 
—

Forward contracts - liabilities
EUR
 
15

 
—

 
—

 
—

Forward contracts - liabilities
CAD
 
—

 
—

 
24,680

 
(615
)
Schedule of Amounts Related to Interest Rate Derivatives Designated as Hedges of Fair Value
Amounts included in the consolidated statements of income related to interest rate derivatives designated as hedges of fair value were as follows:
 
Three Months Ended 
 September 30,
 
Nine Months Ended 
 September 30,
 
2015
 
2014
 
2015
 
2014
Commercial loan/lease interest rate swaps:
 
 
 
 
 
 
 
Amount of gain (loss) included in interest income on loans
$
(462
)
 
$
(493
)
 
$
(1,350
)
 
$
(1,548
)
Amount of (gain) loss included in other non-interest expense
—

 
12

 
6

 
12
Schedule of Amounts Related to Interest Rate Derivatives Included in Income Designated as Hedges of Cash Flows
Amounts included in the consolidated statements of income and in other comprehensive income for the period related to interest rate derivatives designated as hedges of cash flows were as follows:
 
Three Months Ended 
 September 30,
 
Nine Months Ended 
 September 30,
 
2015
 
2014
 
2015
 
2014
Interest rate swaps/caps/floors on variable-rate loans:
 
 
 
 
 
 
 
Amount reclassified from accumulated other comprehensive income to interest income on loans
$
—

 
$
9,345

 
$
—

 
$
28,035
Schedule of Amounts Related to Non-Hedging Interest Rate and Commodity Derivatives
Amounts included in the consolidated statements of income related to non-hedging interest rate, commodity and foreign currency derivative instruments are presented in the table below.
 
Three Months Ended 
 September 30,
 
Nine Months Ended 
 September 30,
 
2015
 
2014
 
2015
 
2014
Non-hedging interest rate derivatives:
 
 
 
 
 
 
 
Other non-interest income
$
293

 
$
414

 
$
1,855

 
$
1,279

Other non-interest expense
(40
)
 
(5
)
 
(43
)
 
(3
)
Non-hedging commodity derivatives:
 
 
 
 
 
 
 
Other non-interest income
1

 
7

 
67

 
100

Non-hedging foreign currency derivatives:
 
 
 
 
 
 
 
Other non-interest income
(37
)
 
43

 
74

 
118