Derivative Financial Instruments (Tables)

12 Months Ended

Dec. 31, 2021

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, 2021, and December 31, 2020, were as follows:

	December 31, 2021					December 31, 2020
(dollars in thousands)	Notional Amount		Fair Value			Notional Amount		Fair Value
Interest Rate Lock Commitments	$	45,857	$	1,084		$	102,881	$	4,947
Forward Commitments		58,523		(35	)		158,759		(740	)
Interest Rate Swap Agreements
Receive Fixed/Pay Variable Swaps		1,400,322		28,742			1,362,778		90,130
Pay Fixed/Receive Variable Swaps		1,400,322		(5,922	)		1,362,778		(17,197	)
Foreign Exchange Contracts		102,548		(674	)		90,587		866
Conversion Rate Swap Agreement		131,672		—			133,286		—

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, 2021, and December 31, 2020:

	December 31, 2021				December 31, 2020
Derivative Financial Instruments Not Designated     as Hedging Instruments 1 (dollars in thousands)	Asset Derivatives		Liability Derivatives		Asset Derivatives		Liability Derivatives
Interest Rate Lock Commitments	$	1,084	$	—	$	4,947	$	—
Forward Commitments		17		52		—		740
Interest Rate Swap Agreements		40,733		17,913		90,342		17,409
Foreign Exchange Contracts		177		851		878		12
Total	$	42,011	$	18,816	$	96,167	$	18,161

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, 2021, December 31, 2020, and December 31, 2019:

	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	2021		2020			2019
Interest Rate Lock Commitments	Mortgage Banking	$	8,771	$	22,348		$	12,185
Forward Commitments	Mortgage Banking		1,580		(4,274	)		(2,340	)
Interest Rate Swap Agreements	Other Noninterest Income		6,579		15,468			7,172
Foreign Exchange Contracts	Other Noninterest Income		1,462		1,940			2,891
Conversion Rate Swap Agreement	Investment Securities Gains (Losses), Net		—		—			(453	)
Total		$	18,392	$	35,482		$	19,455