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Derivative Financial Instruments (Tables)
 3 Months Ended
Mar. 31, 2020
Derivative Instruments and Hedging Activities Disclosure [Abstract]  
Impact of derivatives on the consolidated balance sheet The following tables summarize the fair values and notional amounts of all derivative instruments at March 31, 2020 and December 31, 2019, and their impact on earnings and other comprehensive income for the three months ended March 31, 2020 and 2019. Please refer to Note 10, “Derivative Financial Instruments” in our 2019 Form 10-K for a full discussion of cash flow hedges, fair value hedges, and trading activities.
Impact of Derivatives on the Consolidated Balance Sheets
Cash Flow HedgesFair Value HedgesTradingTotal
March 31,December
31,		March 31,December
31,		March 31,December
31,		March 31,December
31,
20202019202020192020201920202019
Fair Values(1)
Hedged Risk Exposure
Derivative Assets:(2)
Interest rate swapsInterest rate$—  $715  $2,902  $—  $751  $—  $3,653  $715  
Derivative Liabilities:(2)
Interest rate swaps Interest rate(275) —  —  (896) —  (268) (275) (1,164) 
Total net derivatives$(275) $715  $2,902  $(896) $751  $(268) $3,378  $(449) 
  ___________
(1) Fair values reported include variation margin as legal settlement of the derivative contract. 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 AssetsOther Liabilities
March 31,December 31,March 31,December 31,
2020201920202019
Gross position(1)
$3,653  $715  $(275) $(1,164) 
Impact of master netting agreement(222) (519) 222  519  
Derivative values with impact of master netting agreements (as carried on balance sheet)3,431  196  (53) (645) 
Cash collateral pledged(2)
92,969  52,564  —  —  
Net position$96,400  $52,760  $(53) $(645) 
__________
(1)Gross position amounts include accrued interest and variation margin as legal settlement of the derivative contract.
(2)Cash collateral pledged excludes amounts that represent legal settlement of the derivative contracts.
Offsetting assets The following table reconciles gross positions with the impact of master netting agreements to the balance sheet classification: 
Other AssetsOther Liabilities
March 31,December 31,March 31,December 31,
2020201920202019
Gross position(1)
$3,653  $715  $(275) $(1,164) 
Impact of master netting agreement(222) (519) 222  519  
Derivative values with impact of master netting agreements (as carried on balance sheet)3,431  196  (53) (645) 
Cash collateral pledged(2)
92,969  52,564  —  —  
Net position$96,400  $52,760  $(53) $(645) 
__________
(1)Gross position amounts include accrued interest and variation margin as legal settlement of the derivative contract.
(2)Cash collateral pledged excludes amounts that represent legal settlement of the derivative contracts.
Offsetting liabilities The following table reconciles gross positions with the impact of master netting agreements to the balance sheet classification: 
Other AssetsOther Liabilities
March 31,December 31,March 31,December 31,
2020201920202019
Gross position(1)
$3,653  $715  $(275) $(1,164) 
Impact of master netting agreement(222) (519) 222  519  
Derivative values with impact of master netting agreements (as carried on balance sheet)3,431  196  (53) (645) 
Cash collateral pledged(2)
92,969  52,564  —  —  
Net position$96,400  $52,760  $(53) $(645) 
__________
(1)Gross position amounts include accrued interest and variation margin as legal settlement of the derivative contract.
(2)Cash collateral pledged excludes amounts that represent legal settlement of the derivative contracts.
Schedule of notional amounts of outstanding derivative positions
Cash FlowFair ValueTradingTotal
March 31,December 31,March 31,December 31,March 31,December 31,March 31,December 31,
20202019202020192020201920202019
Notional Values
Interest rate swaps$1,117,945  $1,150,518  $5,193,323  $5,031,429  $3,452,241  $3,744,917  $9,763,509  $9,926,864  
Schedule of cumulative basis adjustments for fair value hedges
As of March 31, 2020 and December 31, 2019, the following amounts were recorded on the consolidated balance sheet related to cumulative basis adjustments for fair value hedges:
Line Item in the Balance Sheet in Which the Hedged Item is Included:Carrying Amount of the Hedged Assets/(Liabilities)Cumulative Amount of Fair Value Hedging Adjustment Included in the Carrying Amount of the Hedged Assets/(Liabilities)
March 31,December 31,March 31,December 31,
2020201920202019
Deposits$(5,391,335) $(5,085,426) $(206,396) $(63,148) 
Derivative instruments, gain (loss)
Impact of Derivatives on the Consolidated Statements of Income
Three Months Ended 
 March 31,
20202019
Fair Value Hedges
Interest rate swaps:
Interest recognized on derivatives$4,623  $(3,827) 
Hedged items recorded in interest expense(143,248) (23,986) 
Derivatives recorded in interest expense144,183  23,888  
Total $5,558  $(3,925) 
Cash Flow Hedges
Interest rate swaps:
Amount of gain (loss) reclassified from accumulated other comprehensive income into interest expense$(1,528) $1,296  
Total $(1,528) $1,296  
Trading
Interest rate swaps:
Change in fair value of future interest payments recorded in earnings$42,312  $4,202  
Total42,312  4,202  
Total$46,342  $1,573  
Schedule of derivative instruments, effect on other comprehensive income (loss)
Impact of Derivatives on the Statements of Changes in Stockholders’ Equity
Three Months Ended
March 31,
20202019
Amount of loss recognized in other comprehensive income (loss)$(47,222) $(12,821) 
Less: amount of gain (loss) reclassified in interest expense(1,528) 1,296  
Total change in other comprehensive income (loss) for unrealized gains (losses) on derivatives, before income tax (expense) benefit$(45,694) $(14,117)