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, 2021						December 31, 2020
			Estimated Fair Value						Estimated Fair Value
(in thousands)	Notional Amount		Asset Derivative		Liability Derivative		Notional Amount		Asset Derivative		Liability 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 futures	3,000		19		4		320,000		474		—
Forward sale commitments	1,000		3		—		155,000		551		—
Loans held for sale:
Loan purchase commitments	2,800		36		—		332,145		5,123		8
Forward sale commitments	20,000		—		52		485,326		—		2,675
Gross derivatives			65,297		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
	Received		Paid		Received		Paid
Non-hedging interest rate swaps	2.83	%	1.20	%	3.14	%	1.38	%