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Derivative and Hedging Activities (Tables)
6 Months Ended
Jun. 30, 2023
Derivative Instruments and Hedging Activities Disclosure [Abstract]  
Summary Of Other derivative instruments not designated as hedging instruments The following table presents the total notional amounts and gross fair values of the Corporation’s derivatives, as well as the balance sheet netting adjustments as of June 30, 2023 and December 31, 2022. The derivative assets and liabilities are presented on a gross basis prior to the application of bilateral collateral and master netting agreements, but after the variation margin payments with central clearing organizations have been applied as settlement, as applicable. Total derivative assets and liabilities are adjusted to take into consideration the effects of legally enforceable master netting agreements and cash collateral received or paid as of June 30, 2023 and December 31, 2022. The resulting net derivative asset and liability fair values are included in other assets and accrued expenses and other liabilities, respectively, on the consolidated balance sheets.
 Jun 30, 2023Dec 31, 2022
AssetLiabilityAssetLiability
($ in thousands)Notional AmountFair ValueNotional AmountFair ValueNotional AmountFair ValueNotional AmountFair Value
Designated as hedging instruments:
Interest rate-related instruments$100,000 $1,587 $2,750,000 $12,682 $900,000 $4,349 $1,150,000 $1,260 
Not designated as hedging instruments:
Interest rate-related and other instruments4,344,168 115,311 4,698,706 242,507 4,246,823 62,401 4,599,391 251,398 
Foreign currency exchange forwards486,539 3,295 478,848 3,038 499,078 1,922 461,134 1,801 
Mortgage banking(a)(b)
39,392 768 71,500 — 21,265 86 33,000 46 
Total not designated as hedging instruments119,374 245,544 64,410 253,245 
Gross derivatives before netting120,961 258,226 68,759 254,506 
Less: Legally enforceable master netting agreements3,924 3,924 2,788 2,788 
Less: Cash collateral pledged/received63,452 12 26,898 217 
Total derivative instruments, after netting$53,584 $254,290 $39,072 $251,500 

(a) The notional amount of the mortgage derivative asset includes interest rate lock commitments, while the notional amount of the mortgage derivative liability includes forward commitments.
(b) At June 30, 2023 the mortgage derivative asset included approximately $336,000 of forward commitments fair value.

Balance Sheet Recording of Fair Value Hedge [Table] The following table presents amounts that were recorded on the consolidated balance sheets related to cumulative basis adjustments for fair value hedges:
Line Item in the Consolidated Balance Sheets 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)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, 2023December 31, 2022
Other long-term funding$(542,153)$7,847 $(248,145)$1,855 
FHLB Advances(582,033)17,967 (585,692)14,308 
Total$(1,124,186)$25,814 $(833,837)$16,163 
Schedule of cash flow hedging instruments, statements of financial performance and financial position location The table below identifies the effect of fair value and cash flow hedge accounting on the Corporation's consolidated statements of income for the three and six months ended June 30, 2023 and 2022:
Location and Amount Recognized on the Consolidated Statements of Income in
Fair Value and Cash Flow Hedging Relationships
Three months ended Jun 30,Six Months Ended Jun 30,
2023202220232022
($ in thousands)Interest Income Interest ExpenseInterest IncomeInterest IncomeInterest ExpenseInterest Income
Total amounts of income/expense presented on the consolidated statements of income in which the effects of the fair value or cash flow hedges are recorded(a)
$(3,376)$4,329 $(129)$(4,697)$6,844 $(308)
The effects of fair value and cash flow hedging: Impact on fair value hedging relationships in Subtopic 815-20
Interest contracts:
Hedged items (57)(20,375)(129)(115)(9,651)(308)
Derivatives designated as hedging instruments(a)
(3,319)24,704 — (4,581)16,495 — 
Schedule of Cash Flow Hedges Included in Accumulated Other Comprehensive Income (Loss) [Table Text Block]
The following table presents the effect of cash flow hedge accounting on accumulated other comprehensive income (loss) for the three and six months ended June 30, 2023 and 2022:
Three Months Ended Jun 30,Six Months Ended Jun 30,
($ in thousands)2023202220232022
Interest rate-related instruments designated as cash flow hedging instruments
Amount of (loss) recognized in OCI on cash flow hedge derivative(a)
$(34,147)$— $(20,384)$— 
Amount of loss reclassified from accumulated other comprehensive income (loss) into interest income(a)
3,319 — 4,581 — 
(a) The entirety of (losses) recognized in OCI as well as the losses reclassified from accumulated other comprehensive income (loss) into interest income were included components in the assessment of hedge effectiveness.
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, 2023 and 2022:
Consolidated Statements of Income Category of Gain / (Loss) 
Recognized in Income
Three Months Ended Jun 30,Six Months Ended Jun 30,
($ in thousands)2023202220232022
Derivative instruments
Interest rate-related and other instruments — customer and mirror, netCapital markets, net$207 $$138 $565 
Interest rate-related instruments — MSRs hedgeMortgage banking, net(2,195)(5,346)326 (9,012)
Foreign currency exchange forwardsCapital markets, net138 254 136 377 
Interest rate lock commitments (mortgage)Mortgage banking, net93 1,210 345 (1,631)
Forward commitments (mortgage)Mortgage banking, net777 (4,885)382 (128)