Derivatives (Tables)

12 Months Ended

Dec. 31, 2017

Derivative Instruments and Hedging Activities Disclosure [Abstract]

Schedule of notional and fair values of derivatives

The following table presents the total notional and fair value of the Company’s derivatives as of December 31, 2017 and 2016:

($ in thousands)	December 31, 2017							December 31, 2016
	Notional Amount			Fair Value				Notional Amount		Fair Value
				Derivative Assets (1)		Derivative Liabilities (1)				Derivative Assets (1)		Derivative Liabilities (1)
Derivatives designated as hedging instruments:
Interest rate swaps on certificates of deposit	$	35,811		$	—	$	6,799	$	48,365	$	—	$	5,976
Foreign currency forward contracts	—			—		—		83,026		4,325		—
Total derivatives designated as hedging instruments	$	35,811		$	—	$	6,799	$	131,391	$	4,325	$	5,976
Derivatives not designated as hedging instruments:
Interest rate swaps and options	$	9,333,860		$	58,633	$	57,958	$	7,668,482	$	67,578	$	65,131
Foreign exchange contracts	770,215			5,840		10,170		767,764		11,874		11,213
RPAs	49,033			1		8		71,414		3		3
Warrants	—		(2)	1,672		—		—		—		—
Total derivatives not designated as hedging instruments	$	10,153,108		$	66,146	$	68,136	$	8,507,660	$	79,455	$	76,347

(1) Derivative assets and derivative liabilities are included in Other assets and Accrued expenses and other liabilities, respectively, on the Consolidated Balance Sheet.

(2) The Company held four warrants in public companies and 23 warrants in private companies as of December 31, 2017.

Schedule of net gains (losses) recognized on the Consolidated Statements of Income related to derivatives designated as fair value hedge

The following table presents the net (losses) gains recognized on the Consolidated Statement of Income related to the derivatives designated as fair value hedges for the years ended December 31, 2017, 2016 and 2015:

($ in thousands)	Year Ended December 31,
	2017			2016			2015
(Losses) gains recorded in interest expense:
Recognized on interest rate swaps	$	(2,734	)	$	(794	)	$	3,452
Recognized on certificates of deposit	$	2,271		$	157		$	(3,190	)

Schedule of gains (losses) related to net investment hedges in accumulated other comprehensive income (loss) and Consolidated Statements of Income

The following table presents the (losses) gains recorded in the Foreign currency translation adjustment account within AOCI related to the effective portion of the net investment hedges and the ineffective portion recorded on the Consolidated Statement of Income for the years ended December 31, 2017, 2016 and 2015:

($ in thousands)	Year Ended December 31,
	2017			2016		2015
(Losses) gains recognized in AOCI on net investment hedges (effective portion)	$	(648	)	$	2,908	$	1,485
(Losses) gains recognized in foreign exchange income (ineffective portion)	$	(1,953	)	$	1,124	$	880

Schedule of net gains (losses) recognized on the Consolidated Statements of Income related to derivatives not designated as hedging instruments

The following table presents the net gains (losses) recognized on the Company’s Consolidated Statement of Income related to derivatives not designated as hedging instruments for the years ended December 31, 2017, 2016 and 2015:

($ in thousands)	Location in Consolidated Statement of Income	Year Ended December 31,
		2017			2016		2015
Derivatives not designated as hedging instruments:
Interest rate swaps and options	Derivative fees and other income	$	(1,772	)	$	2,557	$	65
Foreign exchange contracts	Foreign exchange income	22,076			12,632		4,235
Foreign exchange options	Foreign exchange income	—			—		236
RPAs	Derivative fees and other income	(7		)	—		—
Warrants	Ancillary loan fees and other income	1,672			—		—
Embedded derivative liabilities	Other operating expense	—			—		(136		)
Total net gains		$	21,969		$	15,189	$	4,400

Schedule of gross derivatives on the Consolidated Balance Sheets and the respective collateral received or pledged in the form of other financial instruments

The following tables present gross derivatives on the Consolidated Balance Sheet and the respective collateral received or pledged in the form of other financial instruments, which are generally marketable securities and/or cash. The collateral amounts in these tables are limited to the outstanding balances of the related asset or liability (after netting is applied); thus instances of overcollateralization are not shown:

($ in thousands)	As of December 31, 2017
	Total		Contracts Not Subject to Master Netting Arrangements		Contracts Subject to Master Netting Arrangements
	Gross Amounts Recognized		Gross Amounts Recognized		Gross Amounts Recognized		Gross Amounts Offset on the Consolidated Balance Sheet		Net Amounts Presented on the Consolidated Balance Sheet		Gross Amounts Not Offset on the Consolidated Balance Sheet								Net Amount
											Derivative Amounts				Collateral Received
Derivative assets	$	66,146	$	36,941	$	29,205	$	—	$	29,205	$	(18,955	)	(1)	$	(9,839	)	(2)	$	411
	Gross Amounts Recognized		Gross Amounts Recognized		Gross Amounts Recognized		Gross Amounts Offset on the Consolidated Balance Sheet		Net Amounts Presented on the Consolidated Balance Sheet		Gross Amounts Not Offset on the Consolidated Balance Sheet								Net Amount
											Derivative Amounts				Collateral  Posted
Derivative liabilities	$	74,935	$	26,732	$	48,203	$	—	$	48,203	$	(18,955	)	(1)	$	(28,796	)	(3)	$	452

($ in thousands)	As of December 31, 2016
	Total		Contracts Not Subject to Master Netting Arrangements		Contracts Subject to Master Netting Arrangements
	Gross Amounts Recognized		Gross Amounts Recognized		Gross Amounts Recognized		Gross Amounts Offset on the Consolidated Balance Sheet		Net Amounts Presented on the Consolidated Balance Sheet		Gross Amounts Not Offset on the Consolidated Balance Sheet								Net Amount
											Derivative Amounts				Collateral Received
Derivative assets	$	83,780	$	51,218	$	32,562	$	—	$	32,562	$	(20,991	)	(1)	$	(10,687	)	(2)	$	884
	Gross Amounts Recognized		Gross Amounts Recognized		Gross Amounts Recognized		Gross Amounts Offset on the Consolidated Balance Sheet		Net Amounts Presented on the Consolidated Balance Sheet		Gross Amounts Not Offset on the Consolidated Balance Sheet								Net Amount
											Derivative Amounts				Collateral Received
Derivative liabilities	$	82,323	$	24,097	$	58,226	$	—	$	58,226	$	(20,991	)	(1)	$	(36,349	)	(3)	$	886

(1) Represents the netting of derivative receivable and payable balances for the same counterparty under enforceable master netting arrangements if the Company has elected to net.

(2) Represents cash and securities received against derivative assets with the same counterparty that are subject to enforceable master netting arrangements, including $8.6 million and $8.1 million of cash collateral received as of December 31, 2017 and 2016, respectively.

(3) Represents cash and securities pledged against derivative liabilities with the same counterparty that are subject to enforceable master netting arrangements, including $10.7 million and $170 thousand of cash collateral posted as of December 31, 2017 and 2016, respectively.