DERIVATIVE FINANCIAL INSTRUMENTS (Tables)

9 Months Ended

Sep. 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 September 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		$	1,658,840	Other assets	$	161,476
Interest rate products		1,658,840		Other liabilities	(161,476)
Interest rate lock commitments with customers		52,653		Other assets	861
Interest rate lock commitments with customers		16,583		Other liabilities	(307)
Forward sale commitments		44,808		Other assets	767
Forward sale commitments		23,286		Other liabilities	(72)
FX forwards		849		Other assets	40
FX forwards		169		Other liabilities	(1)
Risk participation agreements sold		52,702		Other liabilities	(2)
Risk participation agreements purchased		75,344		Other assets	85
Financial derivatives related to sales of certain Visa Class B shares		113,177		Other liabilities	(17,577)
Total derivatives		$	3,697,251		$	(16,206)

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 nine months ended September 30, 2022 and September 30, 2021.








	Amount of (Loss) or Gain Recognized in Income				Amount of (Loss) or Gain 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 hedging instruments	2022		2021		2022		2021
Interest rate lock commitments with customers	$	(1,032)	$	(814)	$	(1,856)	$	(4,901)	Mortgage banking activities, net
Forward sale commitments	1,097		(287)		5,120		$	3,095	Mortgage banking activities, net
Total	$	65	$	(1,101)	$	3,264	$	(1,806)