DERIVATIVE FINANCIAL INSTRUMENTS (Tables)

6 Months Ended

Jun. 30, 2022

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 June 30, 2022.


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



Derivatives not designated as hedging instruments:
Interest rate products		$	1,623,446	Other assets	$	100,307
Interest rate products		1,623,446		Other liabilities	(100,307)
Interest rate lock commitments with customers		93,581		Other assets	1,585
Interest rate lock commitments with customers		2,958		Other liabilities	(16)
Forward sale commitments		51,559		Other assets	156
Forward sale commitments		40,395		Other liabilities	(255)
FX forwards		1,015		Other assets	61
FX forwards		263		Other liabilities	(1)
Risk participation agreements sold		52,956		Other liabilities	(4)
Risk participation agreements purchased		66,635		Other assets	87
Financial derivatives related to sales of certain Visa Class B shares		113,177		Other liabilities	(17,556)
Total derivatives		$	3,669,431		$	(15,943)

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, 2021.


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



Derivatives not designated as hedging instruments:
Interest rate products		$	54,834	Other assets	$	2,625
Interest rate products		54,834		Other liabilities	(2,847)
Risk participation agreements		4,214		Other liabilities	(3)
Interest rate lock commitments with customers		102,264		Other assets	1,991
Interest rate lock commitments with customers		12,813		Other liabilities	(73)
Forward sale commitments		63,664		Other assets	537
Forward sale commitments		67,032		Other liabilities	(116)
Financial derivatives related to sales of certain Visa Class B shares		113,177		Other liabilities	(20,252)
Total derivatives		$	472,832		$	(18,138)

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 six months ended June 30, 2022 and June 30, 2021.








	Amount of (Loss) or Gain Recognized in Income				Amount of (Loss) Recognized in Income				Location of Gain or (Loss) Recognized in Income
(Dollars in thousands)	Three Months Ended June 30,				Six Months Ended June 30,
Derivatives not designated as hedging instruments	2022		2021		2022		2021
Interest rate lock commitments with customers	$	403	$	(823)	$	(825)	$	(4,087)	Mortgage banking activities, net
Forward sale commitments	887		(2,742)		4,023		$	3,382	Mortgage banking activities, net
Total	$	1,290	$	(3,565)	$	3,198	$	(705)