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Derivative and Hedging Activities (Tables)
 6 Months Ended
Jun. 30, 2019
Derivative Instruments and Hedging Activities Disclosure [Abstract]  
Summary Of Other derivative instruments not designated as hedging instruments
The table below identifies the consolidated balance sheets category and fair values of the Corporation’s derivative instruments:
 
June 30, 2019
 
December 31, 2018
($ in Thousands)
Notional Amount
 
Fair
Value
 
Consolidated
Balance Sheets
Category
 
Notional Amount
 
Fair
Value
 
Consolidated
Balance Sheets
Category
Derivatives not designated as hedging instruments
 
 
 
 
 
 
 
 
 
 
 
Interest rate-related instruments — customer and mirror
$
2,761,552

 
$
77,264

 
Other assets
 
$
2,707,204

 
$
52,796

 
Other assets
Interest rate-related instruments — customer and mirror
2,761,552

 
(15,013
)
 
Other liabilities
 
2,707,204

 
(52,653
)
 
Other liabilities
Foreign currency exchange forwards
166,935

 
2,683

 
Other assets
 
117,879

 
721

 
Other assets
Foreign currency exchange forwards
159,340

 
(2,425
)
 
Other liabilities
 
69,153

 
(675
)
 
Other liabilities
Commodity contracts
258,928

 
22,498

 
Other assets
 
331,727

 
35,426

 
Other assets
Commodity contracts
258,485

 
(22,076
)
 
Other liabilities
 
315,861

 
(34,340
)
 
Other liabilities
Interest rate lock commitments (mortgage)
396,130

 
4,869

 
Other assets
 
191,222

 
2,208

 
Other assets
Forward commitments (mortgage)
333,060

 
(1,903
)
 
Other liabilities
 
139,984

 
(2,072
)
 
Other liabilities
Purchased options (time deposit)
4,814

 
126

 
Other assets
 
11,185

 
109

 
Other assets
Written options (time deposit)
4,814

 
(126
)
 
Other liabilities
 
11,185

 
(109
)
 
Other liabilities
Derivatives designated as hedging instruments
 
 
 
 
 
 
 
 
 
 
 
Interest Rate Products
500,000

 
69

 
Other assets
 
500,000

 
(40
)
 
Other liabilities
Cumulative basis adjustment for fair value hedges
The following table presents amounts that were recorded on the consolidated balance sheets related to cumulative basis adjustment for fair value hedges:
 
Line Item in the Statement of Financial Position in Which the Hedged Item is Included
 
Carrying Amount of the Hedged Assets/(Liabilities)
 
Cumulative Amount of Fair Value Hedging Adjustment Included in the Carrying Amount of the Hedged Assets/(Liabilities)
($ in Thousands)
June 30, 2019
Loans and investment securities receivables(a)
$
505,659

 
$
5,659

Total
$
505,659

 
$
5,659

(a) These amounts include the amortized cost basis of closed portfolios used to designated hedging relationships in which the hedged item is the last layer expected to be remaining at the end of the hedging relationship. At June 30, 2019, the amortized cost basis of the closed portfolios used in these hedging relationships was $994 million; the positive cumulative basis adjustments associated with these hedging relationships was $6 million; and the amounts of the designated hedged items were $500 million.
Schedule of cash flow hedging instruments, statements of financial performance and financial position location
The table below identifies the effect of fair value hedge accounting on the Corporation's consolidated statements of income for the three and six months ended June 30, 2019 and 2018:
 
Location and Amount of Gain or (Loss) Recognized in Income on
Fair Value and Cash Flow Hedging Relationships
 
Three Months Ended June 30,
Six Months Ended June 30,
 
2019
2018
2019
2018
($ in Thousands)
Interest Income
Other Income (Expense)
Interest Income
Other Income (Expense)
Interest Income
Other Income (Expense)
Interest Income
Other Income (Expense)
Total amounts of income and expense line items presented in the consolidated statements of income in which the effects of the fair value hedge is recorded
$
53

$
—

$
5

$
—

$
219

$
—

$
(13
)
$
—

The effects of fair value hedging: Gain or (loss) on fair value hedging relationships in Subtopic 815-20













Interest contracts













Hedged items
4,165

—

(2,133
)
—

6,222

—

(2,409
)
—

Derivatives designated as hedging instruments(a)
(4,112
)
—

2,138

—

(6,003
)
—

2,396

—
Gain (loss) on derivative instruments not designated as hedging instruments
The table below identifies the effect of derivatives not designated as hedging instruments on the Corporation's consolidated statements of income for the three and six months ended June 30, 2019 and 2018:
 
Consolidated Statements of Income Category of
Gain / (Loss) 
Recognized in Income
Three Months Ended June 30,
Six Months Ended June 30,
($ in Thousands)
 
2019
 
2018
2019
 
2018
Derivative Instruments
 
 
 
 
 
 
 
Interest rate-related instruments — customer and mirror, net
Capital markets, net
$
(1,018
)
 
$
(384
)
$
(1,690
)
 
$
108

Foreign currency exchange forwards
Capital markets, net
186

 
98

212

 
70

Commodity contracts
Capital markets, net
(97
)
 
(1,050
)
(664
)
 
(886
)
Interest rate lock commitments (mortgage)
Mortgage banking, net
1,837

 
255

2,661

 
1,749

Forward commitments (mortgage)
Mortgage banking, net
(78
)
 
(616
)
169

 
(606
)