Derivative Financial Instruments (Tables)

9 Months Ended

Sep. 30, 2017

Derivative Financial Instruments

Summary of notional amounts and fair values of derivatives held

	September 30, 2017						December 31, 2016
			Fair Value						Fair Value
	Notional		Asset		Liability		Notional		Asset		Liability
(dollars in thousands)	Amount		Derivatives(1)		Derivatives (2)		Amount		Derivatives (1)		Derivatives (2)
Derivatives designated as hedging instruments:
Interest rate swaps	$	196,173	$	—	$	(3,343)	$	200,504	$	—	$	(5,296)
Derivatives not designated as hedging instruments:
Interest rate swaps		1,727,957		19,743		(15,503)		1,297,101		15,982		(18,299)
Funding swap		41,536		—		(5,975)		37,143		—		(7,460)
Foreign exchange contracts		3,442		88		(12)		3,664		—		(147)

⁽¹⁾ The positive fair value of derivative assets is included in other assets.

⁽²⁾ The negative fair value of derivative liabilities is included in other liabilities.

Schedule of net gains and losses recognized in income related to derivatives in fair value hedging relationships

	Three Months Ended				Nine Months Ended
	September 30,				September 30,
(dollars inthousands)	2017		2016		2017		2016
Interest expense recorded in net interest income	$	(142)	$	(279)	$	(511)	$	(973)
Gains (losses) recorded in noninterest income:
Recognized on derivatives		150		479		274		(1,039)
Recognized on hedged item		(224)		(481)		(222)		1,065
Net gains (losses) recognized on fair value hedges (ineffective portion)		(74)		(2)		52		26
Net losses recognized on fair value hedges	$	(216)	$	(281)	$	(459)	$	(947)

Summary of effect of cash flow hedging relationships

	Three Months Ended				Nine Months Ended
	September 30,				September 30,
(dollars inthousands)	2017		2016		2017		2016
Pretax gains recognized in other comprehensive income on derivatives (effective portion)	$	675	$	1,545	$	1,531	$	917

Summary of impact on pretax earnings of derivatives not designated as hedges

	Net gains (losses) recognized	Three Months Ended				Nine Months Ended
	in the consolidated statements	September 30,				September 30,
(dollars inthousands)	of income line item	2017		2016		2017		2016
Derivatives Not Designated As Hedging Instruments:
Interest rate swaps	Other noninterest income	$	234	$	378	$	587	$	(17)
Funding swap	Other noninterest income		(41)		6		(74)		25
Foreign exchange contracts	Other noninterest income		(149)		72		78		(50)