DERIVATIVE FINANCIAL INSTRUMENTS (Tables)

9 Months Ended

Sep. 30, 2020

Derivative Instruments and Hedging Activities Disclosure [Abstract]

The table below presents the fair value of derivative financial instruments as well as their location on the unaudited Consolidated Statements of Financial Condition as of September 30, 2020.


	Fair Values of Derivative Instruments
(Dollars in thousands)		Notional		Balance Sheet Location	Derivatives (Fair Value)



Derivatives not designated as hedging instruments:
Interest rate products		$	65,068	Other assets	$	6,339
Interest rate products		65,068		Other liabilities	(7,067)
Risk participation agreements		4,410		Other liabilities	(12)
Interest rate lock commitments with customers		308,807		Other assets	11,606
Interest rate lock commitments with customers		22,134		Other liabilities	(174)
Forward sale commitments		56,290		Other assets	503
Forward sale commitments		245,224		Other liabilities	(1,097)
Financial derivatives related to sales of certain Visa Class B shares		113,177		Other liabilities	(25,205)
Total derivatives		$	880,178		$	(15,107)

The table below presents the fair value of derivative financial instruments as well as their location on the Consolidated Statements of Financial Condition as of December 31, 2019.


	Fair Values of Derivative Instruments
(Dollars in thousands)		Count	Notional		Balance Sheet Location	Derivatives (Fair Value)
Derivatives designated as hedging instruments:
Interest rate products		3	$	75,000	Other liabilities	$	(759)
Total			$	75,000		$	(759)
Derivatives not designated as hedging instruments:
Interest rate products			$	71,804	Other assets	$	2,520
Interest rate products			71,804		Other liabilities	(2,688)
Risk participation agreements			4,524		Other liabilities	(4)
Interest rate lock commitments with customers			99,057		Other assets	1,768
Interest rate lock commitments with customers			28,505		Other liabilities	(191)
Forward sale commitments			61,301		Other assets	596
Forward sale commitments			90,177		Other liabilities	(276)
Total			$	427,172		$	1,725
Total derivatives			$	502,172		$	966

Summary of Company's Derivative Financial Instruments

The table below presents the effect of the derivative financial instruments on the unaudited Consolidated Statements of Income for the three and nine months ended September 30, 2020 and September 30, 2019.


	Amount of Gain Recognized in OCI on Derivative (Effective Portion)				Amount of Gain Recognized in OCI on Derivative (Effective Portion)				Location of Gain Reclassified from Accumulated OCI into Income (Effective Portion)
(Dollars in thousands)	Three Months Ended September 30,				Nine Months Ended September 30,
Derivatives in Cash Flow Hedging Relationships	2020		2019		2020		2019
Interest Rate Products	$	—	$	368	$	1,560	$	2,005	Interest income
Total	$	—	$	368	$	1,560	$	2,005

	Amount of Gain or (Loss) Recognized in Income				Amount of Gain or (Loss) Recognized in Income				Location of Gain or (Loss) Recognized in Income
(Dollars in thousands)	Three Months Ended September 30,				Nine Months Ended September 30,
Derivatives Not Designated as a Hedging Instrument	2020		2019		2020		2019
Interest Rate Lock Commitments	$	3,261	$	322	$	9,488	$	1,496	Mortgage banking activities, net
Forward Sale Commitments	(3,110)		(481)		(9,594)		$	(1,203)	Mortgage banking activities, net
Total	$	151	$	(159)	$	(106)	$	293