Derivative Financial Instruments (Tables)

12 Months Ended

Dec. 31, 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 December 31, 2020, and December 31, 2019, were as follows:

	December 31, 2020					December 31, 2019
(dollars in thousands)	Notional Amount		Fair Value			Notional Amount		Fair Value
Interest Rate Lock Commitments	$	102,881	$	4,947		$	48,677	$	1,280
Forward Commitments		158,759		(740	)		82,735		(182	)
Interest Rate Swap Agreements
Receive Fixed/Pay Variable Swaps		1,362,778		90,130			802,389		26,070
Pay Fixed/Receive Variable Swaps		1,362,778		(17,197	)		802,389		(4,777	)
Foreign Exchange Contracts		90,587		866			85,499		163
Conversion Rate Swap Agreement		133,286		—			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 December 31, 2020, and December 31, 2019:

	December 31, 2020				December 31, 2019
Derivative Financial Instruments Not Designated     as Hedging Instruments 1 (dollars in thousands)	Asset Derivatives		Liability Derivatives		Asset Derivatives		Liability Derivatives
Interest Rate Lock Commitments	$	4,947	$	—	$	1,280	$	—
Forward Commitments		—		740		23		205
Interest Rate Swap Agreements		90,342		17,409		27,344		6,051
Foreign Exchange Contracts		878		12		284		121
Total	$	96,167	$	18,161	$	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 years ended December 31, 2020, December 31, 2019, and December 31, 2018:

	Location of Net Gains	Year Ended December 31,
Derivative Financial Instruments Not Designated     as Hedging Instruments (dollars in thousands)	(Losses)Recognized in the Statements of Income	2020			2019			2018
Interest Rate Lock Commitments	Mortgage Banking	$	22,348		$	12,185		$	3,534
Forward Commitments	Mortgage Banking		(4,274	)		(2,340	)		821
Interest Rate Swap Agreements	Other Noninterest Income		15,468			7,172			1,835
Foreign Exchange Contracts	Other Noninterest Income		1,940			2,891			3,163
Conversion Rate Swap Agreement	Investment Securities Gains (Losses), Net		—			(453	)		(1,000	)
Total		$	35,482		$	19,455		$	8,353