Derivative Financial Instruments (Tables)

6 Months Ended

Jun. 30, 2020

Derivative Instruments and Hedging Activities Disclosure [Abstract]

Schedule of Derivative Instruments

The notional amounts and estimated fair values of derivative positions outstanding are presented in the following table:

	June 30, 2020						December 31, 2019
			Estimated Fair Value						Estimated Fair Value
(in thousands)	Notional Amount		Asset Derivative		Liability Derivative		Notional Amount		Asset Derivative			Liability Derivative
Non-hedging derivatives:
Financial institution counterparties:
Commercial loan/lease interest rate swaps	$	1,947,806	$	—	$	118,663	$	1,548,234	$	182		$	46,518
Commercial loan/lease interest rate caps	657,109		42		—		639,163		32			—
Foreign currency forward contracts	2,228		—		238		2,219		169			—
Customer counterparties:
Commercial loan/lease interest rate swaps	1,947,806		118,663		—		1,548,234		46,518			182
Commercial loan/lease interest rate caps	657,109		—		42		639,163		—			32
Foreign currency forward contracts	2,228		238		—		2,219		—			169
Economic hedging derivatives to hedge:
Residential MSRs:
Interest rate swap futures	255,000		2,460		3		—		—			—
Forward sale commitments	153,000		1,067		—		—		—			—
Loans held for sale:
Loan purchase commitments	1,215,599		20,580		3		214,012		1,965			4
Forward sale commitments	1,311,974		—		7,593		2,654,653		—			4,587
Gross derivatives			143,050		126,542				48,866			51,492
Offsetting derivative assets/liabilities			—		—				(182		)	(182		)
Net derivatives included in the consolidated balance sheets			$	143,050	$	126,542			$	48,684		$	51,310

Schedule Of Weighted Average Interest Rate Received And Paid

The weighted-average received and paid interest rates for interest rate swaps outstanding were as follows:

	June 30, 2020 Weighted-Average Interest Rate				December 31, 2019 Weighted-Average Interest Rate
	Received		Paid		Received		Paid
Non-hedging interest rate swaps	3.23	%	1.44	%	3.94	%	3.26	%