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Derivative Financial Instruments (Tables)
 12 Months Ended
Dec. 31, 2017
Derivative Financial Instruments  
Summary of notional amounts and fair values of derivatives held

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

December 31, 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

 

$

194,687

 

$

 —

 

$

(2,032)

 

$

200,504

 

$

 —

 

$

(5,296)

Derivatives not designated as hedging instruments:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Interest rate swaps

 

 

1,820,442

 

 

14,658

 

 

(13,017)

 

 

1,297,101

 

 

15,982

 

 

(18,299)

Funding swap

 

 

43,113

 

 

 —

 

 

(5,439)

 

 

37,143

 

 

 —

 

 

(7,460)

Foreign exchange contracts

 

 

3,658

 

 

24

 

 

 —

 

 

3,664

 

 

 —

 

 

(147)

(1)

The positive fair values of derivative assets are included in other assets.

(2)

The negative fair values of derivative liabilities are included in other liabilities.

 

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

 

 

 

 

 

 

 

 

 

 

 

 

December 31, 

(dollars in thousands)

    

2017

    

2016

    

2015

Interest expense recorded in net interest income

 

$

(644)

 

$

(1,226)

 

$

(2,472)

Gains (losses) recorded in noninterest income:

 

 

 

 

 

 

 

 

 

Recognized on derivatives

 

 

846

 

 

956

 

 

1,803

Recognized on hedged item

 

 

(841)

 

 

(1,166)

 

 

(1,733)

Net gains (losses) recognized on fair value hedges (ineffective portion)

 

 

 5

 

 

(210)

 

 

70

Net losses recognized on fair value hedges

 

$

(639)

 

$

(1,436)

 

$

(2,402)

 

Summary of effect of cash flow hedging relationships

 

 

 

 

 

 

 

 

 

 

 

 

December 31, 

(dollars in thousands)

    

2017

    

2016

    

2015

Pretax gains recognized in other comprehensive income on derivatives (effective portion)

 

$

2,473

 

$

2,397

 

$

1,684

Pretax gain reclassified from accumulated other comprehensive income

 

 

 —

 

 

 —

 

 

(387)

 

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

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Net gains (losses) recognized

 

 

 

 

in the consolidated statements

 

Year Ended December 31, 

(dollars in thousands)

    

of income line item

    

2017

    

2016

    

2015

Derivatives Not Designated As Hedging Instruments:

 

 

 

 

 

 

 

 

 

 

 

Interest rate swaps

 

Other noninterest income

 

$

819

 

$

901

 

$

510

Funding swap

 

Other noninterest income

 

 

(169)

 

 

25

 

 

 —

Foreign exchange contracts

 

Other noninterest income

 

 

171

 

 

(240)

 

 

93