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Derivative Financial Instruments (Tables)
 9 Months Ended
Sep. 30, 2021
Summary of Derivative Instruments [Abstract]  
Schedule of Pre-tax Impact of Terminated Cash Flow Hedges on AOCI The following table presents the pre-tax impact of terminated cash flow hedges on accumulated other comprehensive income (“AOCI”) for the three and nine months ended September 30, 2021 and September 30, 2020:
For the Three Months Ended September 30,For the Nine Months Ended September 30,
2021202020212020
(In thousands)
Unrealized gains on terminated hedges included in AOCI – beginning of respective period$24,980 $30,579 $41,473 $— 
Unrealized gains on terminated hedges arising during the period— 26,410 — 57,362 
Reclassification adjustments for amortization of unrealized (gains) into net income(7,851)(7,036)(24,344)(7,409)
Unrealized gains on terminated hedges included in AOCI – September 30$17,129 $49,953 $17,129 $49,953 
Derivatives Not Designated as Hedging Instruments
The following tables present the Company’s customer-related derivative positions as of the dates indicated below for those derivatives not designated as hedging.
September 30, 2021
Number of PositionsTotal Notional
(Dollars in thousands)
Interest rate swaps510$3,169,358 
Risk participation agreements66263,847 
Foreign exchange contracts:
Matched commercial customer book526,516 
Foreign currency loan49,977 
December 31, 2020
Number of PositionsTotal Notional
(Dollars in thousands)
Interest rate swaps576 $3,652,385 
Risk participation agreements70 287,732 
Foreign exchange contracts:
Matched commercial customer book40 4,242 
Foreign currency loan3 10,798 
Schedule of Derivative Financial Instruments
The table below presents the fair value of the Company’s derivative financial instruments, as well as their classification on the consolidated balance sheet for the periods indicated. There were no derivatives designated as hedging instruments at September 30, 2021 or December 31, 2020.
Asset DerivativesLiability Derivatives
Balance
Sheet
Location		Fair Value at September 30,
2021		Fair Value at December 31,
2020		Balance Sheet
Location		Fair Value at September 30,
2021		Fair Value at December 31,
2020
(In thousands)
Derivatives not designated as hedging instruments
Customer-related positions:
Interest rate swapsOther assets$80,102 $141,822 Other liabilities$25,274 $42,600 
Risk participation agreementsOther assets347 722 Other liabilities594 1,230 
Foreign currency exchange contracts - matched customer bookOther assets44 90 Other liabilities31 77 
Foreign currency exchange contracts - foreign currency loanOther assets120 9 Other liabilities— 69 
Total$80,613 $142,643 $25,899 $43,976 
Schedule of Derivative Financial Instruments On The Consolidated Income Statements The table below presents the net effect of the Company’s derivative financial instruments on the consolidated income statements as well as the effect of the Company’s derivative financial instruments included in other comprehensive income (“OCI”) as follows:
Three Months Ended
September 30,		Nine Months Ended
September 30,
2021202020212020
(In thousands)
Derivatives designated as hedges:
(Loss) gain in OCI on derivatives$— $(142)$— $46,869 
Gain reclassified from OCI into interest income (effective portion)$7,851 $8,405 $24,344 $18,651 
Gain recognized in income on derivatives (ineffective portion and amount excluded from effectiveness test)
Interest income— — — — 
Other income— — — — 
Total$— $— $— $— 
Derivatives not designated as hedges:
Customer-related positions:
Gain (loss) recognized in interest rate swap income$832 $904 $4,596 $(6,063)
(Loss) gain recognized in interest rate swap income for risk participation agreements(4)11 260 (370)
Gain (loss) recognized in other income for foreign currency exchange contracts:
Matched commercial customer book8 (86)— (17)
Foreign currency loan72 149 181 179 
Total gain (loss) for derivatives not designated as hedges$908 $978 $5,037 $(6,271)