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Derivative Financial Instruments (Tables)
 12 Months Ended
Dec. 31, 2019
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 December 31, 2019 and December 31, 2018:

 
Derivative Assets
 
Derivative Liabilities
(Dollars in thousands)
 
December 31, 2019
 
December 31, 2018
 
 
December 31, 2019
 
December 31, 2018
Derivatives designated as hedging instruments under ASC 815:
 
 
 
 
 
 
 
 
 
Interest rate derivatives designated as Cash Flow Hedges
 
$
—

 
$
6,270

 
 
$
19,385

 
$
1,656

Interest rate derivatives designated as Fair Value Hedges
 
310

 
2,636

 
 
6,523

 
1,756

Total derivatives designated as hedging instruments under ASC 815
 
$
310

 
$
8,906

 
 
$
25,908

 
$
3,412

 
 
 
 
 
 
 
 
 
 
Derivatives not designated as hedging instruments under ASC 815:
 
 
 
 
 
 
 
 
 
Interest rate derivatives
 
$
100,259

 
$
59,519

 
 
$
100,897

 
$
59,159

Interest rate lock commitments
 
2,860

 
3,405

 
 
259

 
2,694

Forward commitments to sell mortgage loans
 
142

 
—

 
 
2,070

 
1,486

Foreign exchange contracts
 
73

 
1,342

 
 
70

 
1,337

Total derivatives not designated as hedging instruments under ASC 815
 
$
103,334

 
$
64,266

 
 
$
103,296

 
$
64,676

Total Derivatives
 
$
103,644

 
$
73,172

 
 
$
129,204

 
$
68,088
Schedule of Cash Flow Hedging Instruments
The table below provides details on these cash flow hedges, summarized by derivative type and maturity, as of December 31, 2019:

(Dollars in thousands)
 
December 31, 2019
Maturity Date
 
Notional
Amount
 
Fair Value
Asset (Liability)
Interest Rate Swaps:
 
 
 
 
October 2021
 
$
25,000

 
$
(311
)
November 2021
 
20,000

 
(272
)
December 2021
 
165,000

 
(2,293
)
May 2022
 
370,000

 
(4,880
)
June 2022
 
160,000

 
(1,997
)
July 2022
 
230,000

 
(2,861
)
August 2022
 
235,000

 
(2,923
)
Interest Rate Collars:
 
 
 
 
September 2023
 
123,214

 
(3,848
)
     Total Cash Flow Hedges
 
$
1,328,214

 
$
(19,385
)
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 income or loss related to interest rate derivatives designated as cash flow hedges follows:

 
 
Years Ended December 31,
(Dollars in thousands)
 
2019
 
2018
Unrealized gain at beginning of period
 
$
10,742

 
$
11,902

Amount reclassified from accumulated other comprehensive income to interest expense on deposits, other borrowings and junior subordinated debentures
 
(10,250
)
 
(7,313
)
Amount of (loss) gain recognized in other comprehensive income
 
(18,435
)
 
6,153

Unrealized (loss) gain at end of period
 
$
(17,943
)
 
$
10,742
Schedule of Derivatives in Fair Value Hedging Relationships
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 December 31, 2019:
 
 
 
December 31, 2019
(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
 
$
167,281

 
$
5,647

 
$
—

 
Available-for-sale debt securities
 
1,391

 
81

 
—


The following table presents the gain or loss recognized related to derivative instruments that are designated as fair value hedges for the respective period:

(Dollars in thousands)

Derivatives in Fair Value
Hedging Relationships
Location of Gain or (Loss) Recognized in Income on Derivative
 
Year Ended
December 31,
2019
Interest rate swaps
Interest and fees on loans
 
$
8

 
Interest income - investment securities
 
—
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)
 
 
 
December 31,
Derivative
 
Location in income statement
 
2019
 
2018
Interest rate swaps and caps
 
Trading gains (losses), net
 
$
(380
)
 
$
(75
)
Mortgage banking derivatives
 
Mortgage banking revenue
 
100

 
(792
)
Covered call options
 
Fees from covered call options
 
3,670

 
3,519

Foreign exchange contracts
 
Trading gains (losses), net
 
43

 
20

Derivative contract held as economic hedge on MSRs
 
Mortgage banking revenue
 
519

 
—
Summary of Interest Rate Derivatives The table below summarizes 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)
December 31, 2019
 
December 31, 2018
 
December 31, 2019
 
December 31, 2018
Gross Amounts Recognized
$
100,569

 
$
68,425

 
$
126,805

 
$
62,571

Less: Amounts offset in the Statements of Condition
—

 
—

 
—

 
—

Net amount presented in the Statements of Condition
$
100,569

 
$
68,425

 
$
126,805

 
$
62,571

Gross amounts not offset in the Statements of Condition
 
 
 
 
 
 
 
Offsetting Derivative Positions
$
(2,561
)
 
$
(28,124
)
 
$
(2,561
)
 
$
(28,124
)
Collateral Posted
—

 
(23,810
)
 
(124,244
)
 
(2,640
)
Net Credit Exposure
$
98,008

 
$
16,491

 
$
—

 
$
31,807