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Derivative Financial Instruments (Tables)
 6 Months Ended
Jun. 30, 2018
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, 2018, December 31, 2017 and June 30, 2017:
 
Derivative Assets
 
Derivative Liabilities
(Dollars in thousands)
June 30,
2018
 
December 31,
2017
 
June 30,
2017
 
June 30,
2018
 
December 31,
2017
 
June 30,
2017
Derivatives designated as hedging instruments under ASC 815:
 
 
 
 
 
 
 
 
 
 
 
Interest rate derivatives designated as Cash Flow Hedges
$
16,059

 
$
11,914

 
$
8,644

 
$
—

 
$
12

 
$
—

Interest rate derivatives designated as Fair Value Hedges
5,708

 
2,932

 
2,074

 
280

 
—

 
26

Total derivatives designated as hedging instruments under ASC 815
$
21,767

 
$
14,846

 
$
10,718

 
$
280

 
$
12

 
$
26

Derivatives not designated as hedging instruments under ASC 815:
 
 
 
 
 
 
 
 
 
 
 
Interest rate derivatives
$
64,668

 
$
34,139

 
$
35,929

 
$
64,088

 
$
33,704

 
$
35,317

Interest rate lock commitments
4,543

 
2,843

 
2,875

 
2,512

 
269

 
182

Forward commitments to sell mortgage loans
7

 
14

 
78

 
1,376

 
1,457

 
1,961

Foreign exchange contracts
1,171

 
227

 
103

 
1,108

 
229

 
165

Total derivatives not designated as hedging instruments under ASC 815
$
70,389

 
$
37,223

 
$
38,985

 
$
69,084

 
$
35,659

 
$
37,625

Total Derivatives
$
92,156

 
$
52,069

 
$
49,703

 
$
69,364

 
$
35,671

 
$
37,651
Schedule Of Cash Flow Hedging Instruments
The table below provides details on each of these cash flow hedges as of June 30, 2018:
 
June 30, 2018
(Dollars in thousands)
Notional
 
Fair Value
Maturity Date
Amount
 
Asset (Liability)
Interest Rate Swaps:
 
 
 
June 2019
$
200,000

 
$
1,542

July 2019
250,000

 
3,832

August 2019
275,000

 
4,969

January 2020
175,000

 
1,278

January 2020
25,000

 
182

April 2020
50,000

 
170

April 2020
200,000

 
681

June 2020
200,000

 
3,405

Total Cash Flow Hedges
$
1,375,000

 
$
16,059
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,
2018
 
June 30,
2017
 
June 30,
2018
 
June 30,
2017
Unrealized gain at beginning of period
$
14,977

 
$
8,559

 
$
11,902

 
$
6,944

Amount reclassified from accumulated other comprehensive loss to interest expense on deposits and junior subordinated debentures
(1,339
)
 
681

 
(2,019
)
 
1,037

Amount of gain (loss) recognized in other comprehensive income
2,421

 
(991
)
 
6,176

 
268

Unrealized gain at end of period
$
16,059

 
$
8,249

 
$
16,059

 
$
8,249
Schedule of Carrying Amount of Hedged Assets/(Liabilities)
The following table presents the carrying amount of the hedged assets/(liabilities) and the cumulative amount of fair value hedging adjustment included in the carrying amount of the hedged assets/(liabilities) that are designated as a fair value hedge accounting relationship as of June 30, 2018:

 
 
 
June 30, 2018
(Dollars in thousands)

Derivatives in Fair Value
Hedging Relationships
Location in the Statement of Condition
 
Carrying Amount of the Hedged Assets/(Liabilities)
 
Cumulative Amount of Fair Value Hedging Adjustment Included in the Carrying Amount of the Hedged Assets/(Liabilities)
 
Cumulative Amount of Fair Value Hedging Adjustment Remaining for any Hedged Assets (Liabilities) for which Hedge Accounting has been Discontinued
Interest rate swaps
Loans, net of unearned income, excluding covered loans
 
$
116,991

 
$
(5,589
)
 
$
—


The following table presents the loss or gain recognized related to derivative instruments that are designated as fair value hedges for the respective periods:
(Dollars in thousands)

Derivatives in Fair Value Hedging Relationships
 
Location of (Loss)/Gain Recognized
in Income on Derivative
 
Three Months Ended
 
Six Months Ended
June 30, 2018
 
June 30, 2018
Interest rate swaps
 
Interest and fees on loans
 
$
15

 
$
(30
)
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,
2018
 
June 30,
2017
 
June 30,
2018
 
June 30,
2017
Interest rate swaps and caps
Trading gains (losses), net
 
$
(9
)
 
$
(365
)
 
$
144

 
$
(668
)
Mortgage banking derivatives
Mortgage banking revenue
 
562

 
(48
)
 
1,980

 
690

Covered call options
Fees from covered call options
 
669

 
890

 
2,266

 
1,649

Foreign exchange contracts
Trading gains (losses), net
 
112

 
(64
)
 
69

 
(92
)
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,
2018
 
December 31,
2017
 
June 30,
2017
 
June 30,
2018
 
December 31,
2017
 
June 30,
2017
Gross Amounts Recognized
$
86,435

 
$
48,985

 
$
46,647

 
$
64,368

 
$
33,716

 
$
35,343

Less: Amounts offset in the Statements of Financial Condition
—

 
—

 
—

 
—

 
—

 
—

Net amount presented in the Statements of Financial Condition
$
86,435

 
$
48,985

 
$
46,647

 
$
64,368

 
$
33,716

 
$
35,343

Gross amounts not offset in the Statements of Financial Condition
 
 
 
 
 
 
 
 
 
 
 
Offsetting Derivative Positions
$
(10,719
)
 
(14,878
)
 
(15,828
)
 
$
(10,719
)
 
(14,878
)
 
(15,828
)
Collateral Posted (1)
(61,880
)
 
(18,060
)
 
(3,150
)
 
(340
)
 
(2,220
)
 
(19,515
)
Net Credit Exposure
$
13,836

 
$
16,047

 
$
27,669

 
$
53,309

 
$
16,618

 
$
—


(1)
As of June 30, 2017, the Company posted collateral of $21.0 million, 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,
2018
 
December 31,
2017
 
June 30,
2017
 
June 30,
2018
 
December 31,
2017
 
June 30,
2017
Gross Amounts Recognized
$
86,435

 
$
48,985

 
$
46,647

 
$
64,368

 
$
33,716

 
$
35,343

Less: Amounts offset in the Statements of Financial Condition
—

 
—

 
—

 
—

 
—

 
—

Net amount presented in the Statements of Financial Condition
$
86,435

 
$
48,985

 
$
46,647

 
$
64,368

 
$
33,716

 
$
35,343

Gross amounts not offset in the Statements of Financial Condition
 
 
 
 
 
 
 
 
 
 
 
Offsetting Derivative Positions
$
(10,719
)
 
(14,878
)
 
(15,828
)
 
$
(10,719
)
 
(14,878
)
 
(15,828
)
Collateral Posted (1)
(61,880
)
 
(18,060
)
 
(3,150
)
 
(340
)
 
(2,220
)
 
(19,515
)
Net Credit Exposure
$
13,836

 
$
16,047

 
$
27,669

 
$
53,309

 
$
16,618

 
$
—


(1)
As of June 30, 2017, the Company posted collateral of $21.0 million, 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.