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DERIVATIVES AND HEDGING ACTIVITIES (Tables)
 12 Months Ended
Dec. 31, 2020
Derivative Instruments and Hedging Activities Disclosure [Abstract]  
Details of derivative positions for interest rate swaps which qualify as hedges for accounting purposes
The following table reflects information about the Company’s derivative positions at the dates indicated below for interest rate swaps which qualify as cash flow hedges for accounting purposes:
December 31, 2020
Weighted Average Rate
Notional AmountWeighted Average MaturityCurrent
Rate
Received		Pay Fixed
Swap Rate		Fair Value (1)
(in thousands)(in years)(in thousands)
Interest rate swaps on borrowings$75,000 1.180.22 %1.53 %$(1,341)
Current Rate PaidReceive Fixed
Swap Rate
Interest rate swaps on loans 450,000 2.660.15 %2.37 %27,021 
Current Rate PaidReceive Fixed Swap Rate
Cap - Floor
Interest rate collars on loans 400,000 2.660.15 %2.73% - 2.20%21,764 
Total$925,000 $47,444 
December 31, 2019
Weighted Average Rate
Notional AmountWeighted Average MaturityCurrent
Rate
Received		Pay Fixed
Swap Rate		Fair Value (1)
(in thousands)(in years)(in thousands)
Interest rate swaps on borrowings$75,000 2.181.90 %1.53 %$140 
Current Rate PaidReceive Fixed
Swap Rate
Interest rate swaps on loans 450,000 3.661.76 %2.37 %12,907 
Current Rate PaidReceive Fixed Swap Rate
Cap - Floor
Interest rate collars on loans 400,000 3.661.76 %2.73% - 2.20%9,896 
Total$925,000 $22,943 
Summary of customer related derivative positions, not designated as hedging
The following table reflects the Company’s customer related derivative positions at the dates indicated below for those derivatives not designated as hedging:
 Number of
Positions (1)		Notional Amount Maturing 
  Less than 1 yearLess than 2 yearsLess than 3 yearsLess than 4 yearsThereafterTotalFair Value (2)
December 31, 2020
 (Dollars in thousands)
Loan level swaps
Receive fixed, pay variable322 $102,999 $76,487 $149,265 $147,422 $1,222,557 $1,698,730 $127,226 
Pay fixed, receive variable313 $102,999 $76,487 $149,265 $147,422 $1,222,557 $1,698,730 $(127,216)
Foreign exchange contracts
Buys foreign currency, sells U.S. currency33 $87,557 $5,300 $— $— $— $92,857 $(4,214)
Buys U.S. currency, sells foreign currency33 $87,557 $5,300 $— $— $— $92,857 $4,224 
Risk participation agreements
Participation out12 $6,721 $— $2,675 $7,307 $93,378 $110,081 $512 
Participation in8 $— $30,649 $29,072 $— $15,844 $75,565 $(118)
December 31, 2019
(Dollars in thousands)
Loan level swaps
Receive fixed, pay variable299 $156,690 $125,203 $85,603 $165,599 $1,044,315 $1,577,410 $48,596 
Pay fixed, receive variable290 $156,690 $125,203 $85,603 $165,599 $1,044,315 $1,577,410 $(48,591)
Foreign exchange contracts
Buys foreign currency, sells U.S. currency40 $91,434 $— $— $— $— $91,434 $(81)
Buys U.S. currency, sells foreign currency40 $91,434 $— $— $— $— $91,434 $123 
(1) The Company may enter into one dealer swap agreement which offsets multiple commercial borrower swap agreements.
(2) Beginning in 2020, the Company made an election to include accrued interest within fair value balances.
Fair value of derivative financial instruments as well as their classification on the balance sheet
 Asset Derivatives (1)Liability Derivatives (2)
Fair Value atFair Value atFair Value atFair Value at
 December 31, 2020December 31, 2019December 31, 2020December 31, 2019
 (Dollars in thousands)
Derivatives designated as hedges
Interest rate derivatives$48,786 (3)$23,140 (3)$1,342 (4)$197 (4)
Derivatives not designated as hedges
Customer Related Positions:
Loan level derivatives127,228 (3)52,374 (3)127,218 (4)52,369 (4)
Foreign exchange contracts4,359 1,191 4,349 1,149 
Risk participation agreements513 — 119 — 
Mortgage Derivatives
Interest rate lock commitments6,513 1,680 — — 
Forward sale loan commitments— — 1 12 
Forward sale hedge commitments— — 1,035 196 
Total derivatives not designated as hedges138,613 55,245 132,722 53,726 
Total187,399 78,385 134,064 53,923 
Netting Adjustments (5)23 — 16,105 — 
Net Derivatives on the Balance Sheet187,422 78,385 117,959 53,923 
Financial instruments (6)48,786 24,882 48,786 24,882 
Cash collateral pledged (received)— — 62,460 25,493 
Net Derivative Amounts$138,636 $53,503 $6,713 $3,548 
(1)All asset derivatives are located in other assets on the balance sheet.
(2)All liability derivatives are located in other liabilities on the balance sheet.
(3)Approximately $1.2 million and $2.0 million of accrued interest receivable is included in the fair value of the interest rate and loan level asset derivatives, respectively, at December 31, 2020. Accrued interest receivable of approximately and $350,000 and $569,000 was excluded from the fair value of the interest rate and loan level asset derivatives, respectively, at December 31, 2019.
(4)Approximately $81,000 and $2.0 million of accrued interest payable is included in the fair value of interest rate and loan level derivative liabilities as of December 31, 2020. Accrued interest payable of approximately $4,000 and $569,000 was excluded from the fair value of the interest rate and loan level derivative liabilities, respectively, at December 31, 2019.
(5)Netting adjustments represent the amounts recorded to convert derivative assets and liabilities cleared through CME from a gross basis to a net basis, inclusive of the variation margin payments, in accordance with applicable accounting guidance. As displayed in the table above, derivatives that cleared through the CME were either in a net asset position or a net liability position at December 31, 2020.
(6)Reflects offsetting derivative positions with the same counterparty that are not netted on the balance sheet.
Effect of derivative financial instruments included in OCI and current earnings
The table below presents the effect of the Company’s derivative financial instruments included in OCI and current earnings for the periods indicated:    
 Years Ended December 31
 202020192018
 (Dollars in thousands)
Derivatives designated as hedges
Gain in OCI on derivatives (effective portion), net of tax$16,797 $10,331 $4,829 
Gain reclassified from OCI into interest income or interest expense (effective portion)$14,306 $2,346 $1,000 
Loss reclassified from OCI into noninterest expense (loss on termination)$(684)$— $— 
Interest expense$— $— $— 
Other expense— — — 
Total$— $— $— 
Derivatives not designated as hedges
Changes in fair value of customer related positions
Other income$90 $39 $46 
Other expenses(199)(18)(29)
Changes in fair value of mortgage derivatives
Mortgage banking income4,005 1,275 39 
Total$3,896 $1,296 $56