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COMMITMENTS, CONTINGENCIES AND GUARANTEES (Tables)
12 Months Ended
Dec. 31, 2020
Commitments And Contingencies Disclosure [Abstract]  
Notional Amount of Off-Balance Sheet Financial Instruments

The following table summarizes the Company’s off-balance sheet financial instruments as described above (in thousands):

 

 

 

Contract or Notional Amount December 31,

 

 

 

2020

 

 

2019

 

Commitments to extend credit for loans (excluding credit card loans)

 

$

8,851,333

 

 

$

7,409,338

 

Commitments to extend credit under credit card loans

 

 

3,472,339

 

 

 

3,188,905

 

Commercial letters of credit

 

 

3,160

 

 

 

4,460

 

Standby letters of credit

 

 

346,617

 

 

 

299,933

 

Forward contracts

 

 

51,273

 

 

 

58,287

 

Spot foreign exchange contracts

 

 

680

 

 

 

1,980