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Derivative Instruments (Tables)
 9 Months Ended
Sep. 30, 2018
Derivative Instrument Detail [Abstract]  
Schedule Of Notional Amounts Of Derivative Instruments

(In thousands)
September 30, 2018
December 31, 2017
Interest rate swaps
$
1,922,172

$
1,741,412

Interest rate floor
500,000

—

Interest rate caps
30,416

31,776

Credit risk participation agreements
158,764

133,488

Foreign exchange contracts
6,087

11,826

 Mortgage loan commitments
24,997

17,110

Mortgage loan forward sale contracts
2,720

2,566

Forward TBA contracts
27,000

25,000

Total notional amount
$
2,672,156

$
1,963,178
Schedule Of Fair Values Of Derivative Instruments
The fair values of the Company's derivative instruments, whose notional amounts are listed above, are shown in the table below. Information about the valuation methods used to determine fair value is provided in Note 15 on Fair Value Measurements in the 2017 Annual Report on Form 10-K.

The Company's policy is to present its derivative assets and derivative liabilities on a gross basis in its consolidated balance sheets, and these are reported in other assets and other liabilities. However, in January 2017, a clearinghouse rule change required that variation margin on centrally cleared derivatives, formerly treated as collateral, be treated as settlements of derivative exposure. As a result, the fair values of the respective derivative contracts must be reduced by variation margin payments and reported as a single, net amount. Accordingly, at September 30, 2018 in the table below, the positive fair values of cleared swaps were reduced by $19.1 million and the negative fair values of cleared swaps were reduced by $687 thousand. At December 31, 2017, the positive fair values of cleared swaps were reduced by $4.5 million and the negative fair values of cleared swaps were reduced by $4.3 million.
 
Asset Derivatives
 
Liability Derivatives
 
Sept. 30, 2018
Dec. 31, 2017
 
Sept. 30, 2018
Dec. 31, 2017
(In thousands)    
  Fair Value
 
  Fair Value
Derivatives designated as hedging instruments:
 
 
 
 
 
   Interest rate floor
$
7,829

$
—

 
$
—

$
—

Total derivatives designated as hedging instruments
$
7,829

$
—

 
$
—

$
—

Derivative instruments:
 
 
 
 
 
   Interest rate swaps
$
4,476

$
7,674

 
$
(22,916
)
$
(7,857
)
   Interest rate caps
18

16

 
(18
)
(16
)
   Credit risk participation agreements
24

46

 
(58
)
(123
)
   Foreign exchange contracts
57

21

 
(14
)
(40
)
   Mortgage loan commitments
679

580

 
—

—

   Mortgage loan forward sale contracts
9

8

 
(2
)
(7
)
   Forward TBA contracts
111

4

 
(4
)
(31
)
Total derivatives not designated as hedging instruments
$
5,374

$
8,349

 
$
(23,012
)
$
(8,074
)
 Total
$
13,203

$
8,349

 
$
(23,012
)
$
(8,074
)
Summary of Cash Flow Hedge Activity [Table Text Block]



Amount of Gain or (Loss) Recognized in OCI
Location of Gain (Loss) Reclassified from AOCI into Income
Amount of Gain (Loss) Reclassified from AOCI into Income


For the Three Months Ended September 30
For the Nine Months Ended September 30
 
For the Three Months Ended September 30
For the Nine Months Ended September 30
(In thousands)
2018
2018
 
2018
2018
Derivatives in cash flow hedging relationships:
 
 
 
 
 
Interest rate floor* (a)
$
(1,625
)
$
(1,625
)
Interest and fees on loans
$
(253
)
$
(253
)
Total
$
(1,625
)
$
(1,625
)
 
$
(253
)
$
(253
)
* No hedging relationship existed during 2017.
(a) Amounts shown herein were excluded from the assessment of effectiveness, as they represent the time value component of derivative gains (losses).
Summary Of The Effects Of Derivative Instruments On Consolidated Statements Of Income
The pre-tax effects of derivative instruments on the consolidated statements of income are shown in the tables below.




Amount of Gain or (Loss) Recognized in OCI
Location of Gain (Loss) Reclassified from AOCI into Income
Amount of Gain (Loss) Reclassified from AOCI into Income


For the Three Months Ended September 30
For the Nine Months Ended September 30
 
For the Three Months Ended September 30
For the Nine Months Ended September 30
(In thousands)
2018
2018
 
2018
2018
Derivatives in cash flow hedging relationships:
 
 
 
 
 
Interest rate floor* (a)
$
(1,625
)
$
(1,625
)
Interest and fees on loans
$
(253
)
$
(253
)
Total
$
(1,625
)
$
(1,625
)
 
$
(253
)
$
(253
)
* No hedging relationship existed during 2017.
(a) Amounts shown herein were excluded from the assessment of effectiveness, as they represent the time value component of derivative gains (losses).




Location of Gain or (Loss) Recognized in Income on Derivatives
Amount of Gain or (Loss) Recognized in Income on Derivatives


 
For the Three Months Ended September 30
 
For the Nine Months Ended September 30
(In thousands)
 
2018
2017
 
2018
2017
Derivative instruments:
 
 
 
 
 
 
  Interest rate swaps
Other non-interest income
$
692

$
702

 
$
2,924

$
1,301

  Credit risk participation agreements
Other non-interest income
(7
)
7

 
173

18

  Foreign exchange contracts
Other non-interest income
(120
)
51

 
62

(24
)
  Mortgage loan commitments
Loan fees and sales
(50
)
(114
)
 
99

408

  Mortgage loan forward sale contracts
Loan fees and sales
—

8

 
6

70

  Forward TBA contracts
Loan fees and sales
113

(322
)
 
646

(580
)
Total
 
$
628

$
332

 
$
3,910

$
1,193
Balance Sheet Offsetting, Derivatives [Table Text Block]
 
 
 
 
Gross Amounts Not Offset in the Balance Sheet
 
(In thousands)
Gross Amount Recognized
Gross Amounts Offset in the Balance Sheet
Net Amounts Presented in the Balance Sheet
Financial Instruments Available for Offset
Collateral Received/Pledged
Net Amount
September 30, 2018
 
 
 
 
 
 
Assets:
 
 
 
 
 
 
Derivatives subject to master netting agreements
$
12,485

$
—

$
12,485

$
(580
)
$
(10,168
)
$
1,737

Derivatives not subject to master netting agreements
718

—

718

 
 
 
Total derivatives
13,203

—

13,203

 
 
 
Liabilities:
 
 
 
 
 
 
Derivatives subject to master netting agreements
$
22,943

$
—

$
22,943

$
(580
)
$
(220
)
$
22,143

Derivatives not subject to master netting agreements
69

—

69

 
 
 
Total derivatives
23,012

—

23,012

 
 
 
December 31, 2017
 
 
 
 
 
 
Assets:
 
 
 
 
 
 
Derivatives subject to master netting agreements
$
7,726

$
—

$
7,726

$
(233
)
$
(824
)
$
6,669

Derivatives not subject to master netting agreements
623

—

623

 
 
 
Total derivatives
8,349

—

8,349

 
 
 
Liabilities:
 
 
 
 
 
 
Derivatives subject to master netting agreements
$
7,935

$
—

$
7,935

$
(233
)
$
(1,570
)
$
6,132

Derivatives not subject to master netting agreements
139

—

139

 
 
 
Total derivatives
8,074

—

8,074