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Derivative Financial Instruments (Tables)
6 Months Ended
Jun. 30, 2021
Derivative Instruments and Hedging Activities Disclosure [Abstract]  
Schedule of Derivative Instruments
The notional amounts and estimated fair values of derivative positions outstanding are presented in the following table:
 June 30, 2021December 31, 2020
Estimated Fair ValueEstimated Fair Value
(in thousands)Notional
Amount
Asset DerivativeLiability DerivativeNotional
Amount
Asset DerivativeLiability Derivative
Non-hedging derivatives:
Financial institution counterparties:
Commercial loan/lease interest rate swaps
$1,902,259 $948 $64,195 $1,922,956 $71 $96,246 
Commercial loan/lease interest rate caps
217,739 65 — 565,634 34 — 
Foreign currency forward contracts
5,015 31 — 6,667 214 78 
Customer counterparties:
Commercial loan/lease interest rate swaps
1,902,259 64,195 948 1,922,956 96,246 71 
Commercial loan/lease interest rate caps
217,739 — 65 565,634 — 34 
Foreign currency forward contracts
5,015 — 31 6,667 78 214 
Economic hedging derivatives to hedge:
Residential MSRs:
Interest rate swap futures3,000 19 320,000 474 — 
Forward sale commitments1,000 — 155,000 551 — 
Loans held for sale:
Loan purchase commitments2,800 36 — 332,145 5,123 
Forward sale commitments20,000 — 52 485,326 — 2,675 
Gross derivatives65,297 65,295 102,791 99,326 
Offsetting derivative assets/liabilities(948)(948)(71)(71)
Net derivatives included in the consolidated balance sheets
$64,349 $64,347 $102,720 $99,255 
Schedule Of Weighted Average Interest Rate Received And Paid
The weighted-average received and paid interest rates for interest rate swaps outstanding were as follows:
  June 30, 2021
Weighted-Average Interest  Rate
December 31, 2020 Weighted-Average Interest Rate
  ReceivedPaidReceivedPaid
Non-hedging interest rate swaps2.83 %1.20 %3.14 %1.38 %