Derivative Financial Instruments (Tables)

9 Months Ended

Sep. 30, 2020

Derivative Instruments And Hedging Activities Disclosure [Abstract]

Schedule of the Notional Amount and Fair Value of the Derivative Financial Instruments

The notional amount and fair value of the Company’s derivative financial instruments as of September 30, 2020, and December 31, 2019, were as follows:

	September 30, 2020					December 31, 2019
(dollars in thousands)	Notional Amount		Fair Value			Notional Amount		Fair Value
Interest Rate Lock Commitments	$	63,895	$	3,316		$	48,677	$	1,280
Forward Commitments		62,492		(215	)		82,735		(182	)
Interest Rate Swap Agreements
Receive Fixed/Pay Variable Swaps		1,275,732		103,662			802,389		26,070
Pay Fixed/Receive Variable Swaps		1,275,732		(19,156	)		802,389		(4,777	)
Foreign Exchange Contracts		98,173		213			85,499		163
Conversion Rate Swap Agreement		121,854		—			114,499		—

Derivative Financial Instruments, their Fair Values, and Balance Sheet Location

The following table presents the Company’s derivative financial instruments, their fair values, and their location in the consolidated statements of condition as of September 30, 2020, and December 31, 2019:

Derivative Financial Instruments	September 30, 2020				December 31, 2019
Not Designated as Hedging Instruments 1	Asset		Liability		Asset		Liability
(dollars in thousands)	Derivatives		Derivatives		Derivatives		Derivatives
Interest Rate Lock Commitments	$	3,316	$	—	$	1,280	$	—
Forward Commitments		9		224		23		205
Interest Rate Swap Agreements		103,671		19,165		27,344		6,051
Foreign Exchange Contracts		353		140		284		121
Total	$	107,349	$	19,529	$	28,931	$	6,377

^{1 Asset derivatives are included in other assets and liability derivatives are included in other liabilities in the consolidated statements of condition.}

Derivative Financial Instruments and the Amount and Location of the Net Gains or Losses Recognized in the Statements of Income

The following table presents the Company’s derivative financial instruments and the amount and location of the net gains or losses recognized in the consolidated statements of income for the three and nine months ended September 30, 2020, and September 30, 2019:

	Location of
Derivative Financial Instruments	Net Gains (Losses)	Three Months Ended						Nine Months Ended
Not Designated as Hedging Instruments	Recognized in the	September 30,						September 30,
(dollars in thousands)	Statements of Income	2020			2019			2020			2019
Interest Rate Lock Commitments	Mortgage Banking	$	4,903		$	4,381		$	15,556		$	9,667
Forward Commitments	Mortgage Banking		(595	)		(282	)		(3,652	)		(2,257	)
Interest Rate Swap Agreements	Other Noninterest Income		2,575			2,967			12,041			5,863
Foreign Exchange Contracts	Other Noninterest Income		467			480			1,403			2,546
Conversion Rate Swap Agreement	Investment Securities Gains (Losses), Net		—			(453	)		—			(453	)
Total		$	7,350		$	7,093		$	25,348		$	15,366