Derivative Financial Instruments (Tables)

6 Months Ended

Jun. 30, 2017

Derivative Instruments and Hedging Activities Disclosure [Abstract]

Schedule Of Fair Value Of Derivative Financial Instruments

The table below presents the fair value of the Company’s derivative financial instruments as of June 30, 2017, December 31, 2016 and June 30, 2016:

	Derivative Assets						Derivative Liabilities
(Dollars in thousands)	June 30, 2017		December 31, 2016		June 30, 2016		June 30, 2017		December 31, 2016		June 30, 2016
Derivatives designated as hedging instruments under ASC 815:
Interest rate derivatives designated as Cash Flow Hedges	$	8,644	$	8,011	$	12	$	—	$	—	$	1,577
Interest rate derivatives designated as Fair Value Hedges	2,074		2,228		—		26		—		999
Total derivatives designated as hedging instruments under ASC 815	$	10,718	$	10,239	$	12	$	26	$	—	$	2,576
Derivatives not designated as hedging instruments under ASC 815:
Interest rate derivatives	$	35,929	$	38,974	$	89,024	$	35,317	$	37,665	$	88,316
Interest rate lock commitments	2,875		4,265		11,435		182		1,325		2,973
Forward commitments to sell mortgage loans	78		2,037		—		1,961		—		6,496
Foreign exchange contracts	103		879		581		165		849		551
Total derivatives not designated as hedging instruments under ASC 815	$	38,985	$	46,155	$	101,040	$	37,625	$	39,839	$	98,336
Total Derivatives	$	49,703	$	56,394	$	101,052	$	37,651	$	39,839	$	100,912

Schedule Of Cash Flow Hedging Instruments

The table below provides details on each of these cash flow hedges as of June 30, 2017:

	June 30, 2017
(Dollars in thousands)	Notional		Fair Value
Maturity Date	Amount		Asset (Liability)
Interest Rate Swaps:
June 2019	$	200,000	$	96
July 2019	250,000		3,750
August 2019	275,000		4,671
June 2020	200,000		122
Total Interest Rate Swaps	$	925,000	$	8,639
Interest Rate Caps:
September 2017	$	50,000	$	—
September 2017	40,000		5
Total Interest Rate Caps	$	90,000	$	5
Total Cash Flow Hedges	$	1,015,000	$	8,644

Rollforward Of Amounts In Accumulated Other Comprehensive Income Related To Interest Rate Swaps Designated As Cash Flow Hedges

A rollforward of the amounts in accumulated other comprehensive loss related to interest rate derivatives designated as cash flow hedges follows:

	Three months ended						Six months ended
(Dollars in thousands)	June 30, 2017			June 30, 2016			June 30, 2017		June 30, 2016
Unrealized gain (loss) at beginning of period	$	8,559		$	(3,051	)	$	6,944	$	(3,529	)
Amount reclassified from accumulated other comprehensive loss to interest expense on deposits and junior subordinated debentures	821			832			1,037		1,555
Amount of (loss) gain recognized in other comprehensive income	(1,131		)	(1,355		)	268		(1,600		)
Unrealized gain (loss) at end of period	$	8,249		$	(3,574	)	$	8,249	$	(3,574	)

Derivatives Used To Hedge Changes In Fair Value Attributable To Interest Rate Risk

The following table presents the gain/(loss) and hedge ineffectiveness recognized on derivative instruments and the related hedged items that are designated as a fair value hedge accounting relationship as of June 30, 2017 and 2016:

(Dollars in thousands) Derivatives in Fair Value Hedging Relationships	Location of Gain/(Loss) Recognized in Income on Derivative	Amount of Loss Recognized in Income on Derivative Three Months Ended						Amount of Gain Recognized in Income on Hedged Item Three Months Ended				Income Statement Gain due to Hedge Ineffectiveness Three Months Ended
		June 30, 2017			June 30, 2016			June 30, 2017		June 30, 2016		June 30, 2017		June 30, 2016
Interest rate swaps	Trading losses, net	$	(333	)	$	(329	)	$	373	$	346	$	40	$	17

(Dollars in thousands) Derivatives in Fair Value Hedging Relationships	Location of Gain/(Loss) Recognized in Income on Derivative	Amount of Loss Recognized in Income on Derivative Six Months Ended						Amount of Gain Recognized in Income on Hedged Item Six Months Ended				Income Statement Gain/ (Loss) due to Hedge Ineffectiveness Six Months Ended
		June 30, 2017			June 30, 2016			June 30, 2017		June 30, 2016		June 30, 2017		June 30, 2016
Interest rate swaps	Trading losses, net	$	(181	)	$	(883	)	$	210	$	861	$	29	$	(22	)

Summary Amounts Included In Consolidated Statement Of Income Related To Derivatives

Amounts included in the Consolidated Statements of Income related to derivative instruments not designated in hedge relationships were as follows:

(Dollars in thousands)		Three Months Ended						Six Months Ended
Derivative	Location in income statement	June 30, 2017			June 30, 2016			June 30, 2017			June 30, 2016
Interest rate swaps and caps	Trading losses, net	$	(365	)	$	(432	)	$	(668	)	$	(356	)
Mortgage banking derivatives	Mortgage banking revenue	(48		)	(2,707		)	690			(843		)
Covered call options	Fees from covered call options	890			4,649			1,649			6,361
Foreign exchange contracts	Trading losses, net	(64		)	(173		)	(92		)	(236		)

Offsetting Assets

The tables below summarize the Company's interest rate derivatives and offsetting positions as of the dates shown.

	Derivative Assets									Derivative Liabilities
	Fair Value									Fair Value
(Dollars in thousands)	June 30, 2017			December 31, 2016			June 30, 2016			June 30, 2017			December 31, 2016			June 30, 2016
Gross Amounts Recognized	$	46,647		$	49,213		$	89,036		$	35,343		$	37,665		$	90,892
Less: Amounts offset in the Statements of Financial Condition	—			—			—			—			—			—
Net amount presented in the Statements of Financial Condition	$	46,647		$	49,213		$	89,036		$	35,343		$	37,665		$	90,892
Gross amounts not offset in the Statements of Financial Condition
Offsetting Derivative Positions	(15,828		)	(14,441		)	(161		)	(15,828		)	(14,441		)	(161		)
Collateral Posted (1)	(3,150		)	(8,530		)	—			(19,515		)	(12,400		)	(90,731		)
Net Credit Exposure	$	27,669		$	26,242		$	88,875		$	—		$	10,824		$	—

(1) As of June 30, 2017 and June 30, 2016, the Company posted collateral of $21.0 million and $94.2 million, respectively, which resulted in excess collateral with its counterparties. For purposes of this disclosure, the amount of posted collateral is limited to the amount offsetting the derivative liability.

Offsetting Liabilities

The tables below summarize the Company's interest rate derivatives and offsetting positions as of the dates shown.

	Derivative Assets									Derivative Liabilities
	Fair Value									Fair Value
(Dollars in thousands)	June 30, 2017			December 31, 2016			June 30, 2016			June 30, 2017			December 31, 2016			June 30, 2016
Gross Amounts Recognized	$	46,647		$	49,213		$	89,036		$	35,343		$	37,665		$	90,892
Less: Amounts offset in the Statements of Financial Condition	—			—			—			—			—			—
Net amount presented in the Statements of Financial Condition	$	46,647		$	49,213		$	89,036		$	35,343		$	37,665		$	90,892
Gross amounts not offset in the Statements of Financial Condition
Offsetting Derivative Positions	(15,828		)	(14,441		)	(161		)	(15,828		)	(14,441		)	(161		)
Collateral Posted (1)	(3,150		)	(8,530		)	—			(19,515		)	(12,400		)	(90,731		)
Net Credit Exposure	$	27,669		$	26,242		$	88,875		$	—		$	10,824		$	—

(1) As of June 30, 2017 and June 30, 2016, the Company posted collateral of $21.0 million and $94.2 million, respectively, which resulted in excess collateral with its counterparties. For purposes of this disclosure, the amount of posted collateral is limited to the amount offsetting the derivative liability.