Derivatives (Tables)

3 Months Ended

Mar. 31, 2018

Fair Values of Derivative Financial Instruments





			March 31, 2018					December 31, 2017
				Derivative (1)						Derivative (1)
(in thousands)	Type of Hedge		Notional or Contractual Amount	Assets		Liabilities		Notional or Contractual Amount		Assets		Liabilities
Derivatives designated as hedging instruments:
Interest rate swaps	Cash Flow	$	875,000	$	1,752	$	12,667	$	875,000	$	—	$	14,020
Interest rate swaps	Fair Value		483,110		—		3,948		483,110		—		2,475
		$	1,358,110	$	1,752	$	16,615	$	1,358,110	$	—	$	16,495
Derivatives not designated as hedging instruments:
Interest rate swaps (2)	N/A	$	1,184,109	$	20,680	$	20,710	$	1,144,789	$	15,408	$	15,857
Risk participation agreements	N/A		121,479		13		61		119,951		23		109
Forward commitments to sell residential mortgage loans	N/A		81,326		847		454		80,462		1,000		290
Interest rate-lock commitments on residential mortgage loans	N/A		61,904		376		789		53,724		186		782
Foreign exchange forward contracts	N/A		42,815		3,096		3,062		42,260		2,453		2,419
			1,491,633		25,012		25,076		1,441,186		19,070		19,457
Total derivatives		$	2,849,743	$	26,764	$	41,691	$	2,799,296	$	19,070	$	35,952
Less: netting adjustment (3)					(14,081)		(19,162)				(4,913)		(21,563)
Total derivative assets/liabilities				$	12,683	$	22,529			$	14,157	$	14,389

(1)

Derivative assets and liabilities are reported at fair value in other assets or other liabilities, respectively, in the consolidated balance sheets.

(2)

The notional amount represents both the customer accommodation agreements and offsetting agreements with unrelated financial institutions.

(3)

Represents balance sheet netting of derivative assets and liabilities for variation margin collateral held or placed with the same central clearing counterparty. See offsetting assets and liabilities for further information.

Offsetting Derivative Assets and Liabilities Subject to Master Netting Arrangements



(in thousands)			Gross Amounts		Net Amounts		Gross Amounts Not Offset in the Statement of Income
Description	Gross Amounts Recognized		Offset in the Statement of Income		Presented in the Statement of Income		Financial Instruments		Cash Collateral		Net Amount
As of March 31, 2018
Derivative Assets	$	18,822	$	(14,314)	$	4,508	$	1,517	$	—	$	2,991

Derivative Liabilities	$	18,081	$	(16,497)	$	1,584	$	1,517	$	4,770	$	(4,703)



(in thousands)			Gross Amounts		Net Amounts		Gross Amounts Not Offset in the Statement of Income
Description	Gross Amounts Recognized		Offset in the Statement of Income		Presented in the Statement of Income		Financial Instruments		Cash Collateral		Net Amount
As of December 31, 2017
Derivative Assets	$	7,155	$	(5,007)	$	2,148	$	2,148	$	—	$	—

Derivative Liabilities	$	24,015	$	(20,077)	$	3,938	$	2,148	$	4,099	$	(2,309)