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Derivative Instruments and Hedging Activities (Tables)
 6 Months Ended
Jun. 30, 2020
Derivative Instruments and Hedging Activities Disclosure [Abstract]  
Schedule of Interest Rate Derivatives
Cash Flow Hedges
(Dollar amounts in thousands)
As of
 June 30, 2020December 31, 2019
Gross notional amount outstanding$2,035,000  $1,905,000  
Derivative asset fair value in other assets(1)
6,053  727  
Derivative liability fair value in other liabilities(1)
198  (119) 
Weighted-average interest rate received0.96 %1.88 %
Weighted-average interest rate paid0.77 %1.74 %
Weighted-average maturity (in years)2.301.18
(1)Certain cash flow hedges are transacted through a clearinghouse ("centrally cleared") and their change in fair value is settled by the counterparties to the transaction, which results in no fair value.
The following table presents the impact of derivative instruments on net interest income for the quarters and six months ended June 30, 2020 and 2019.
Hedge Income
(Dollar amounts in thousands)
 Quarters Ended 
 June 30,		Six Months Ended 
 June 30,
 2020201920202019
Cash Flow Hedges
Interest rate swaps in interest income$2,624  $1,355  $3,069  $2,748  
Interest rate swaps in interest expense—  (1,924) —  (3,948) 
Total cash flow hedges $2,624  $(569) $3,069  $(1,200) 
Schedule of Derivative Instruments
Other Derivative Instruments
(Dollar amounts in thousands)
As of
 June 30, 2020December 31, 2019
Gross notional amount outstanding$4,589,018  $4,340,384  
Derivative asset fair value in other assets(1)
183,938  61,709  
Derivative liability fair value in other liabilities(1)
(55,026) (18,416) 
Fair value of derivative(2)
56,025  18,856  
(1)Certain other derivative instruments are centrally cleared and their change in fair value is settled by the counterparties to the transaction, which results in no fair value.
(2)This amount represents the fair value if credit risk related contingent features were triggered.
Cash Flow Hedge Accounting on AOCI
The following table presents the impact of derivative instruments on comprehensive income (loss) and the reclassification of gains (losses) from accumulated other comprehensive income (loss) to net interest income for the quarters and six months ended June 30, 2020 and 2019.
Cash Flow Hedge Accounting on AOCI
(Dollar amounts in thousands)
Quarters Ended 
 June 30,		Six Months Ended 
 June 30,
2020201920202019
Gains (losses) recognized in other comprehensive income
Interest rate swaps in interest income$5,951  $5,944  $27,955  $9,297  
Interest rate swaps in interest expense(1,276) (7,816) (13,685) (11,996) 
Reclassification of gains (losses) included in net income
Interest rate swaps in interest income$2,624  $1,355  $3,069  $2,748  
Interest rate swaps in interest expense—  (1,924) —  (3,948) 
Offsetting Assets The following table presents the fair value of the Company's derivatives and offsetting positions as of June 30, 2020 and December 31, 2019.
Fair Value of Offsetting Derivatives
(Dollar amounts in thousands)
As of June 30, 2020As of December 31, 2019
 AssetsLiabilitiesAssetsLiabilities
Gross amounts recognized$189,991  $54,828  $62,436  $18,535  
Less: amounts offset in the Consolidated Statements of
Financial Condition		—  —  —  —  
Net amount presented in the Consolidated Statements of
  Financial Condition(1)
189,991  54,828  62,436  18,535  
Gross amounts not offset in the Consolidated Statements of
Financial Condition:
Offsetting derivative positions(7,495) (7,495) (2,674) (2,674) 
Cash collateral pledged—  (48,430) —  (15,861) 
Net credit exposure$182,496  $(1,097) $59,762  $—  
(1)Included in other assets or other liabilities in the Consolidated Statements of Financial Condition.
Offsetting Liabilities The following table presents the fair value of the Company's derivatives and offsetting positions as of June 30, 2020 and December 31, 2019.
Fair Value of Offsetting Derivatives
(Dollar amounts in thousands)
As of June 30, 2020As of December 31, 2019
 AssetsLiabilitiesAssetsLiabilities
Gross amounts recognized$189,991  $54,828  $62,436  $18,535  
Less: amounts offset in the Consolidated Statements of
Financial Condition		—  —  —  —  
Net amount presented in the Consolidated Statements of
  Financial Condition(1)
189,991  54,828  62,436  18,535  
Gross amounts not offset in the Consolidated Statements of
Financial Condition:
Offsetting derivative positions(7,495) (7,495) (2,674) (2,674) 
Cash collateral pledged—  (48,430) —  (15,861) 
Net credit exposure$182,496  $(1,097) $59,762  $—  
(1)Included in other assets or other liabilities in the Consolidated Statements of Financial Condition.