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DERIVATIVE FINANCIAL INSTRUMENTS (Tables)
 9 Months Ended
Sep. 30, 2024
Derivative Instruments and Hedging Activities Disclosure [Abstract]  
Schedule of Fair Values of Derivative Instruments
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, 2024.
Fair Values of Derivative Instruments
(Dollars in thousands)CountNotionalBalance Sheet LocationDerivatives
(Fair Value)
Derivatives designated as hedging instruments:
Interest rate swaps18$1,500,000 Other assets$32,323 
Total $1,500,000 $32,323 
Derivatives not designated as hedging instruments:
Interest rate swaps$2,875,981 Other assets$131,543 
Interest rate swaps2,875,981 Other liabilities(131,543)
Interest rate lock commitments with customers67,991 Other assets1,071 
Interest rate lock commitments with customers390 Other liabilities(2)
Forward sale commitments 14,548 Other assets42 
Forward sale commitments 58,479 Other liabilities(258)
FX forwards34,636 Other assets1,360 
FX forwards33,204  Other liabilities (1,217)
Risk participation agreements sold102,449  Other liabilities (112)
Risk participation agreements purchased89,053  Other assets 56 
Financial derivatives related to
sales of certain Visa Class B shares		55,358 Other liabilities(8,173)
Total derivatives $7,708,070 $25,090 
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 December 31, 2023.
Fair Values of Derivative Instruments
(Dollars in thousands)CountNotionalBalance Sheet LocationDerivatives
(Fair Value)
Derivatives designated as hedging instruments:
Interest rate swaps9$750,000 Other assets$15,578 
Total $750,000 $15,578 
Derivatives not designated as hedging instruments:
Interest rate swaps$2,428,306 Other assets$136,924 
Interest rate swaps2,383,443 Other liabilities(136,924)
Interest rate lock commitments with customers34,651 Other assets637 
Forward sale commitments 1,000 Other assets1 
Forward sale commitments 37,348 Other liabilities(283)
FX forwards15,812 Other assets429 
FX forwards13,064 Other liabilities(409)
Risk participation agreements sold103,648 Other liabilities(3)
Risk participation agreements purchased116,804 Other assets78 
Financial derivatives related to
sales of certain Visa Class B shares		113,177 Other liabilities(14,023)
Total derivatives $5,997,253 $2,005 
Schedule of Effect of Derivative Instruments on the Income Statement
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, 2024 and September 30, 2023.
Amount of Loss Recognized in OCI on Derivative (Effective Portion)Amount of Loss Recognized in OCI on Derivative (Effective Portion)Location of Loss 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 Relationships2024202320242023
Interest rate options$10,722 $(1,608)$3,702 $(2,752)Interest income
Total$10,722 $(1,608)$3,702 $(2,752)
Amount of Gain (Loss) Recognized in IncomeAmount of Gain (Loss) Recognized in IncomeLocation of Gain (Loss) Recognized in Income
(Dollars in thousands)Three Months Ended September 30,Nine Months Ended September 30,
Derivatives not designated as hedging instruments2024202320242023
Interest rate swaps and options$2,774 $3,427 $7,928 $7,397 Other income
Interest rate lock commitments with customers143 (171)399 116 Mortgage banking activities, net
Forward sale commitments(977)595 (733)$660 Mortgage banking activities, net
FX forwards91 97 370 126 Other income
Risk participation agreements(62)(317)(97)(330)Other income
Total$1,969 $3,631 $7,867 $7,969