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Derivative Instruments (Tables)
 6 Months Ended
Jun. 30, 2019
Derivative Instrument Detail [Abstract]  
Schedule Of Notional Amounts Of Derivative Instruments

(In thousands)
June 30, 2019
December 31, 2018
Interest rate swaps
$
2,182,949

$
2,006,280

Interest rate floors
1,500,000

1,000,000

Interest rate caps
61,229

62,163

Credit risk participation agreements
135,974

143,460

Foreign exchange contracts
5,227

6,206

 Mortgage loan commitments
27,779

14,544

Mortgage loan forward sale contracts
1,716

5,768

Forward TBA contracts
41,500

16,500

Total notional amount
$
3,956,374

$
3,254,921
Schedule Of Fair Values Of Derivative Instruments

The fair values of the Company's derivative instruments, whose notional amounts are listed above, are shown in the table below. Information about the valuation methods used to determine fair value is provided in Note 16 on Fair Value Measurements in the 2018 Annual Report on Form 10-K.

The Company's policy is to present its derivative assets and derivative liabilities on a gross basis in its consolidated balance sheets, and these are reported in other assets and other liabilities. Effective January 2017, certain collateral posted to and from the Company's clearing counterparty has been offset against the fair values of cleared swaps, such that at June 30, 2019 in the table below, the positive fair values of cleared swaps were reduced by $372 thousand and the negative fair values of cleared swaps were reduced by $27.9 million. At December 31, 2018, the positive fair values of cleared swaps were reduced by $8.1 million and the negative fair values of cleared swaps were reduced by $6.5 million.
 
Asset Derivatives
 
Liability Derivatives
 
June 30, 2019
Dec. 31, 2018
 
June 30, 2019
Dec. 31, 2018
(In thousands)    
  Fair Value
 
  Fair Value
Derivatives designated as hedging instruments:
 
 
 
 
 
   Interest rate floors
$
68,116

$
29,031

 
$
—

$
—

Total derivatives designated as hedging instruments
$
68,116

$
29,031

 
$
—

$
—

Derivative instruments not designated as hedging instruments:
 
 
 
 
   Interest rate swaps
$
37,166

$
11,537

 
$
(9,646
)
$
(13,110
)
   Interest rate caps
5

24

 
(5
)
(24
)
   Credit risk participation agreements
125

47

 
(177
)
(93
)
   Foreign exchange contracts
23

20

 
(13
)
(8
)
   Mortgage loan commitments
984

536

 
(49
)
—

   Mortgage loan forward sale contracts
10

15

 
—

(8
)
   Forward TBA contracts
1

—

 
(122
)
(178
)
Total derivatives not designated as hedging instruments
$
38,314

$
12,179

 
$
(10,012
)
$
(13,421
)
 Total
$
106,430

$
41,210

 
$
(10,012
)
$
(13,421
)
Summary of Cash Flow Hedge Activity [Table Text Block]

The pre-tax effects of derivative instruments on the consolidated statements of income are shown in the tables below.




Amount of Gain or (Loss) Recognized in OCI
 
Location of Gain (Loss) Reclassified from AOCI into Income
Amount of Gain (Loss) Reclassified from AOCI into Income
 
(In thousands)
Total
Included Component
Excluded Component
 
 
Total
Included Component
Excluded Component
For the Three Months Ended June 30, 2019
Derivatives in cash flow hedging relationships:
Interest rate floors*
$
25,378

$
35,264

$
(9,886
)
 
Interest and fees on loans
$
(1,031
)
$
—

$
(1,031
)
Total
$
25,378

$
35,264

$
(9,886
)
 
Total
$
(1,031
)
$
—

$
(1,031
)
For the Six Months Ended June 30, 2019
Derivatives in cash flow hedging relationships:
Interest rate floors*
$
28,405

$
46,137

$
(17,732
)
 
Interest and fees on loans
$
(1,709
)
$
—

$
(1,709
)
Total
$
28,405

$
46,137

$
(17,732
)
 
Total
$
(1,709
)
$
—

$
(1,709
)
* No hedging relationship existed during the three and six months ended June 30, 2018.
Summary Of The Effects Of Derivative Instruments On Consolidated Statements Of Income




Location of Gain or (Loss) Recognized in Income on Derivatives
Amount of Gain or (Loss) Recognized in Income on Derivatives


 
For the Three Months Ended June 30
 
For the Six Months Ended June 30
(In thousands)
 
2019
2018
 
2019
2018
Derivative instruments:
 
 
 
 
 
 
  Interest rate swaps
Other non-interest income
$
824

$
1,727

 
$
1,127

$
2,232

  Credit risk participation agreements
Other non-interest income
13

16

 
41

180

  Foreign exchange contracts
Other non-interest income
(13
)
173

 
3

182

  Mortgage loan commitments
Loan fees and sales
112

148

 
399

149

  Mortgage loan forward sale contracts
Loan fees and sales
(13
)
6

 
3

6

  Forward TBA contracts
Loan fees and sales
859

(9
)
 
593

533

Total
 
$
1,782

$
2,061

 
$
2,166

$
3,282
Balance Sheet Offsetting, Derivatives [Table Text Block]
 
 
 
 
Gross Amounts Not Offset in the Balance Sheet
 
(In thousands)
Gross Amount Recognized
Gross Amounts Offset in the Balance Sheet
Net Amounts Presented in the Balance Sheet
Financial Instruments Available for Offset
Collateral Received/Pledged
Net Amount
June 30, 2019
 
 
 
 
 
 
Assets:
 
 
 
 
 
 
Derivatives subject to master netting agreements
105,389

—

105,389

(7,837
)
(60,437
)
37,115

Derivatives not subject to master netting agreements
1,041

—

1,041

 
 
 
Total derivatives
106,430

—

106,430

 
 
 
Liabilities:
 
 
 
 
 
 
Derivatives subject to master netting agreements
9,803

—

9,803

(7,837
)
(336
)
1,630

Derivatives not subject to master netting agreements
209

—

209

 
 
 
Total derivatives
10,012

—

10,012

 
 
 
December 31, 2018
 
 
 
 
 
 
Assets:
 
 
 
 
 
 
Derivatives subject to master netting agreements
$
40,613

$
—

$
40,613

$
(2,992
)
$
(26,174
)
$
11,447

Derivatives not subject to master netting agreements
597

—

597

 
 
 
Total derivatives
41,210

—

41,210

 
 
 
Liabilities:
 
 
 
 
 
 
Derivatives subject to master netting agreements
$
13,333

$
—

$
13,333

$
(2,992
)
$
(261
)
$
10,080

Derivatives not subject to master netting agreements
88

—

88

 
 
 
Total derivatives
13,421

—

13,421