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Derivative Financial Instruments (Tables) | 6 Months Ended
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Jun. 30, 2015
Derivative Instruments and Hedging Activities Disclosure [Abstract] |
Impact of Derivatives on the Consolidated Balance Sheet | Impact of Derivatives on the Consolidated Balance Sheet
|  |  | Cash Flow Hedges |  | Fair Value Hedges |  | Trading |  | Total
|  |  | June 30, |  | December 31, |  | June 30, |  | December 31, |  | June 30, |  | December 31, |  | June 30, |  | December 31,
|  |  | 2015 |  | 2014 |  | 2015 |  | 2014 |  | 2015 |  | 2014 |  | 2015 |  | 2014
Fair Values(1) | Hedged Risk Exposure |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Derivative Assets:(2) |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Interest rate swaps | Interest rate |  | $ | — |  |  | $ | — |  |  | $ | 14,076 |  |  | $ | 5,012 |  |  | $ | 1,113 |  |  | $ | 226 |  |  | $ | 15,189 |  |  | $ | 5,238 |
Derivative Liabilities:(2) |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Interest rate swaps | Interest rate |  | (18,974 | ) |  | (21,435 | ) |  | (734 | ) |  | (5,883 | ) |  | (2 | ) |  | (1,370 | ) |  | (19,710 | ) |  | (28,688 | )
Total net derivatives |  |  | $ | (18,974 | ) |  | $ | (21,435 | ) |  | $ | 13,342 |  |  | $ | (871 | ) |  | $ | 1,111 |  |  | $ | (1,144 | ) |  | $ | (4,521 | ) |  | $ | (23,450 | )
___________
(1) | Fair values reported are exclusive of collateral held and pledged and accrued interest. Assets and liabilities are presented without consideration of master netting agreements. Derivatives are carried on the balance sheet based on net position by counterparty under master netting agreements, and classified in other assets or other liabilities depending on whether in a net positive or negative position.
(2) | The following table reconciles gross positions with the impact of master netting agreements to the balance sheet classification:
|  | Other Assets |  | Other Liabilities
|  | June 30, |  | December 31, |  | June 30, |  | December 31,
|  | 2015 |  | 2014 |  | 2015 |  | 2014
Gross position |  | $ | 15,189 |  |  | $ | 5,238 |  |  | $ | (19,710 | ) |  | $ | (28,688 | )
Impact of master netting agreement |  | (5,959 | ) |  | (4,045 | ) |  | 5,959 |  |  | 4,045 |
Derivative values with impact of master netting agreements (as carried on balance sheet) |  | 9,230 |  |  | 1,193 |  |  | (13,751 | ) |  | (24,643 | )
Cash collateral (held) pledged(1) |  | (5,796 | ) |  | (900 | ) |  | 51,087 |  |  | 72,478 |
Net position |  | $ | 3,434 |  |  | $ | 293 |  |  | $ | 37,336 |  |  | $ | 47,835 |
(1) | Cash collateral amount calculations include outstanding accrued interest payable/receivable.
Offsetting Assets | The following table reconciles gross positions with the impact of master netting agreements to the balance sheet classification:
|  | Other Assets |  | Other Liabilities
|  | June 30, |  | December 31, |  | June 30, |  | December 31,
|  | 2015 |  | 2014 |  | 2015 |  | 2014
Gross position |  | $ | 15,189 |  |  | $ | 5,238 |  |  | $ | (19,710 | ) |  | $ | (28,688 | )
Impact of master netting agreement |  | (5,959 | ) |  | (4,045 | ) |  | 5,959 |  |  | 4,045 |
Derivative values with impact of master netting agreements (as carried on balance sheet) |  | 9,230 |  |  | 1,193 |  |  | (13,751 | ) |  | (24,643 | )
Cash collateral (held) pledged(1) |  | (5,796 | ) |  | (900 | ) |  | 51,087 |  |  | 72,478 |
Net position |  | $ | 3,434 |  |  | $ | 293 |  |  | $ | 37,336 |  |  | $ | 47,835 |
(1) | Cash collateral amount calculations include outstanding accrued interest payable/receivable.
Offsetting Liabilities | The following table reconciles gross positions with the impact of master netting agreements to the balance sheet classification:
|  | Other Assets |  | Other Liabilities
|  | June 30, |  | December 31, |  | June 30, |  | December 31,
|  | 2015 |  | 2014 |  | 2015 |  | 2014
Gross position |  | $ | 15,189 |  |  | $ | 5,238 |  |  | $ | (19,710 | ) |  | $ | (28,688 | )
Impact of master netting agreement |  | (5,959 | ) |  | (4,045 | ) |  | 5,959 |  |  | 4,045 |
Derivative values with impact of master netting agreements (as carried on balance sheet) |  | 9,230 |  |  | 1,193 |  |  | (13,751 | ) |  | (24,643 | )
Cash collateral (held) pledged(1) |  | (5,796 | ) |  | (900 | ) |  | 51,087 |  |  | 72,478 |
Net position |  | $ | 3,434 |  |  | $ | 293 |  |  | $ | 37,336 |  |  | $ | 47,835 |
(1) | Cash collateral amount calculations include outstanding accrued interest payable/receivable.
Schedule of Notional Amounts of Outstanding Derivative Positions |
|  |  | Cash Flow |  | Fair Value |  | Trading |  | Total
|  |  | June 30, |  | December 31, |  | June 30, |  | December 31, |  | June 30, |  | December 31, |  | June 30, |  | December 31,
|  |  | 2015 |  | 2014 |  | 2015 |  | 2014 |  | 2015 |  | 2014 |  | 2015 |  | 2014
Notional Values |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Interest rate swaps |  |  | $ | 1,110,612 |  |  | $ | 1,106,920 |  |  | $ | 2,957,443 |  |  | $ | 3,044,492 |  |  | $ | 1,008,917 |  |  | $ | 973,539 |  |  | $ | 5,076,972 |  |  | $ | 5,124,951 |
Derivative Instruments, Gain (Loss) | Impact of Derivatives on the Consolidated Statements of Income
|  | Three Months Ended |  | Six Months Ended
|  | June 30, |  | June 30,
|  | 2015 |  | 2014 |  | 2015 |  | 2014
Fair Value Hedges |  |  |  |  |  |  |  |
Interest rate swaps: |  |  |  |  |  |  |  |
Hedge ineffectiveness gains (losses) recorded in earnings(1) |  | $ | 489 |  |  | $ | (8,049 | ) |  | $ | 915 |  |  | $ | (8,172 | )
Realized gains recorded in interest expense |  | 7,490 |  |  | 4,573 |  |  | 14,982 |  |  | 10,246 |
Total |  | $ | 7,979 |  |  | $ | (3,476 | ) |  | $ | 15,897 |  |  | $ | 2,074 |
Cash Flow Hedges |  |  |  |  |  |  |  |
Interest rate swaps: |  |  |  |  |  |  |  |
Hedge ineffectiveness gains (losses) recorded in earnings(1) |  | $ | 34 |  |  | $ | — |  |  | $ | (270 | ) |  | $ | — |
Realized losses recorded in interest expense |  | (5,392 | ) |  | — |  |  | (10,746 | ) |  | — |
Total |  | $ | (5,358 | ) |  | $ | — |  |  | $ | (11,016 | ) |  | $ | — |
Trading |  |  |  |  |  |  |  |
Interest rate swaps: |  |  |  |  |  |  |  |
Interest reclassification |  | $ | 970 |  |  | $ | (2,427 | ) |  | $ | 1,993 |  |  | $ | (1,967 | )
Change in fair value of future interest payments recorded in earnings |  | 109 |  |  | 1,018 |  |  | 2,256 |  |  | (83 | )
Total(1) |  | 1,079 |  |  | (1,409 | ) |  | 4,249 |  |  | (2,050 | )
Total |  | $ | 3,700 |  |  | $ | (4,885 | ) |  | $ | 9,130 |  |  | $ | 24 |
________
(1) | Amounts included in "gains (losses) on derivatives and hedging activities, net" in the consolidated statements of income.
Schedule of Derivative Instruments, Effect on Other Comprehensive Income (Loss) | Impact of Derivatives on the Statements of Changes in Stockholders' Equity
|  | Three Months Ended |  | Six Months Ended
|  | June 30, |  | June 30,
|  | 2015 |  | 2014 |  | 2015 |  | 2014
Amount of loss recognized in other comprehensive income |  | $ | 12,764 |  |  | $ | — |  |  | $ | (8,279 | ) |  | $ | — |
Less: amount of loss reclassified in interest expense(1) |  | (5,392 | ) |  | — |  |  | (10,746 | ) |  | — |
Total change in other comprehensive income for unrealized losses on derivatives |  | $ | 18,156 |  |  | $ | — |  |  | $ | 2,467 |  |  | $ | — |
___________ (1) Amounts included in “realized gains (losses) recorded in interest expense” in the “Impact of Derivatives on the Consolidated Statements of Income” table.

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