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Derivative Financial Instruments (Tables)
 12 Months Ended
Dec. 31, 2020
Derivative Instruments and Hedging Activities Disclosure [Abstract]  
Total Notional or Contractual Amounts, Fair Value, Collateral and Net Exposure of Derivative Financial Instruments
The total notional or contractual amounts and fair value of our derivative financial instruments at December 31, 2020 and 2019 were as follows:
 December 31, 2020December 31, 2019
Notional or
Contractual
Amount		Fair ValueNotional or
Contractual
Amount		Fair Value
(Dollars in thousands)Derivative Assets (1)Derivative Liabilities (1)Derivative Assets (1)Derivative Liabilities (1)
Derivatives designated as hedging instruments:
 Interest rate risks:
Interest rate swaps
$— $— $— $1,915,000 $22,676 $— 
Interest rate swaps
— — — 3,085,000 — 25,623 
Derivatives not designated as hedging instruments:
 Currency exchange risks:
Foreign exchange forwards68,381 306 — — — — 
Foreign exchange forwards566,988 — 20,566 300,250 — 2,154 
 Other derivative instruments:
Equity warrant assets253,153 203,438 — 225,893 165,473 — 
Client foreign exchange forwards8,025,973 214,969 — 4,661,517 114,546 — 
Client foreign exchange forwards7,490,723 — 188,565 4,326,059 — 94,745 
Client foreign currency options97,529 1,702 — 154,985 1,308 — 
Client foreign currency options97,522 — 1,702 154,985 — 1,308 
Client interest rate derivatives1,082,265 67,854 — 1,275,190 28,811 — 
Client interest rate derivatives (2)1,250,975 — 26,646 1,372,914 — 14,154 
Total derivatives not designated as hedging instruments488,269 237,479 310,138 112,361 
Total derivatives
$488,269 $237,479 $332,814 $137,984 
(1)Derivative assets and liabilities are included in "accrued interest receivable and other assets" and "other liabilities", respectively, on our consolidated balance sheets.
(2)The amount reported reflects reductions of approximately $45.4 million and $17.4 million of derivative liabilities at December 31, 2020 and 2019, respectively, reflecting variation margin treated as settlement of the related derivative fair values for legal and accounting purposes as required by central clearing houses.
Summary of Derivative Activity and Related Impact on Consolidated Statements of Income
A summary of our derivative activity and the related impact on our consolidated statements of income for 2020, 2019 and 2018 is as follows:
  Year ended December 31,
(Dollars in thousands)Statement of income location   202020192018
Derivatives designated as hedging instruments:
 Interest rate risks:
Amounts reclassified from accumulated other comprehensive income into incomeInterest income—loans$49,928 $(5,358)$— 
Derivatives not designated as hedging instruments:
 Currency exchange risks:
Gains (losses) on revaluations of internal foreign currency instruments, netOther noninterest income$39,247 $1,444 $(373)
(Losses) gains on internal foreign exchange forward contracts, netOther noninterest income(39,716)(1,853)52 
Net losses associated with internal currency risk$(469)$(409)$(321)
 Other derivative instruments:
Gains (losses) on revaluations of client foreign currency instruments, net Other noninterest income$2,560 $(15,146)$4,998 
(Losses) gains on client foreign exchange forward contracts, netOther noninterest income(3,017)15,900 (4,011)
Net (losses) gains associated with client currency risk $(457)$754 $987 
Net gains on equity warrant assetsGains on equity warrant assets, net$237,428 $138,078 $89,142 
Net gains (losses) on other derivatives Other noninterest income$28,056 $(1,190)$(179)
Offsetting Assets The following table summarizes our assets subject to enforceable master netting arrangements as of December 31, 2020 and 2019:
(Dollars in thousands)Gross Amounts of Recognized AssetsGross Amounts offset in the Statement of Financial PositionNet Amounts of Assets Presented in the Statement of Financial PositionGross Amounts Not Offset in the Statement of Financial Position But Subject to Master Netting ArrangementsNet Amount
Financial InstrumentsCash Collateral Received (1)
December 31, 2020:
Derivative Assets:
Interest rate swaps
$— $— $— $— $— $— 
Foreign exchange forwards
215,275 — 215,275 (75,983)(20,550)118,742 
Foreign currency options
1,702 — 1,702 (1,045)(3)654 
Client interest rate derivatives
67,854 — 67,854 (67,854)— — 
Total derivative assets:284,831 — 284,831 (144,882)(20,553)119,396 
Reverse repurchase, securities borrowing, and similar arrangements
226,847 — 226,847 (226,847)— — 
Total$511,678 $— $511,678 $(371,729)$(20,553)$119,396 
December 31, 2019:
Derivative Assets:
Interest rate swaps$22,676 $— $22,676 $(22,598)$— $78 
Foreign exchange forwards
114,546 — 114,546 (36,855)(17,095)60,596 
Foreign currency options
1,308 — 1,308 (848)(335)125 
Client interest rate derivatives
28,811 — 28,811 (28,811)— — 
Total derivative assets:167,341 — 167,341 (89,112)(17,430)60,799 
Reverse repurchase, securities borrowing, and similar arrangements
289,340 — 289,340 (289,340)— — 
Total$456,681 $— $456,681 $(378,452)$(17,430)$60,799 
(1)Cash collateral received from our counterparties in relation to market value exposures of derivative contracts in our favor is recorded as a component of “short-term borrowings” on our consolidated balance sheets.
Offsetting Liabilities
The following table summarizes our liabilities subject to enforceable master netting arrangements as of December 31, 2020 and 2019:
(Dollars in thousands)Gross Amounts of Recognized LiabilitiesGross Amounts offset in the Statement of Financial PositionNet Amounts of Liabilities Presented in the Statement of Financial PositionGross Amounts Not Offset in the Statement of Financial Position But Subject to Master Netting ArrangementsNet Amount
Financial InstrumentsCash Collateral Pledged (1)
December 31, 2020:
Derivative Liabilities:
   Interest rate swaps$— $— $— $— $— $— 
   Foreign exchange forwards209,131 — 209,131 (84,547)(45,367)79,217 
   Foreign currency options1,702 — 1,702 (645)(8)1,049 
   Client interest rate derivatives26,646 — 26,646 — (26,100)546 
Total derivative liabilities:237,479 — 237,479 (85,192)(71,475)80,812 
Repurchase, securities lending, and similar arrangements
— — — — — — 
Total$237,479 $— $237,479 $(85,192)$(71,475)$80,812 
December 31, 2019:
Derivative Liabilities:
   Interest rate swaps$25,623 $— $25,623 $(22,676)$(2,947)$— 
   Foreign exchange forwards96,899 — 96,899 (33,314)(22,030)41,555 
   Foreign currency options1,308 — 1,308 (531)— 777 
   Client interest rate derivatives14,154 — 14,154 — (13,936)218 
Total derivative liabilities:137,984 — 137,984 (56,521)(38,913)42,550 
Repurchase, securities lending, and similar arrangements
— — — — — — 
Total$137,984 $— $137,984 $(56,521)$(38,913)$42,550 
(1)Cash collateral pledged to our counterparties in relation to market value exposures of derivative contracts in a liability position and repurchase agreements are recorded as a component of “cash and cash equivalents" on our consolidated balance sheets.