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Derivative Financial Instruments (Tables)
 12 Months Ended
Dec. 31, 2018
Derivative Financial Instruments  
Summary of notional amounts and fair values of derivatives held

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

December 31, 2018

 

December 31, 2017

 

 

 

 

 

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

 

$

41,317

 

$

31

 

$

(44)

 

$

194,687

 

$

 —

 

$

(2,032)

Derivatives not designated as hedging instruments:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Interest rate swaps

 

 

2,269,247

 

 

12,305

 

 

(12,007)

 

 

1,820,442

 

 

14,658

 

 

(13,017)

Funding swap

 

 

62,039

 

 

 —

 

 

(2,607)

 

 

43,113

 

 

 —

 

 

(5,439)

Foreign exchange contracts

 

 

1,191

 

 

 —

 

 

(34)

 

 

3,658

 

 

24

 

 

 —

(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)

  

2018

  

2017

    

2016

 

Interest expense recorded in net interest income

 

$

(210)

 

$

(644)

 

$

(1,226)

 

Gains (losses) recorded in noninterest income:

 

 

 

 

 

 

 

 

 

 

Recognized on derivatives

 

 

629

 

 

846

 

 

956

 

Recognized on hedged item

 

 

(723)

 

 

(841)

 

 

(1,166)

 

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

 

 

(94)

 

 

 5

 

 

(210)

 

Net losses recognized on fair value hedges

 

$

(304)

 

$

(639)

 

$

(1,436)

 

 

Summary of effect of cash flow hedging relationships

 

 

 

 

 

 

 

 

 

 

 

 

 

December 31, 

 

(dollars in thousands)

  

2018

  

2017

    

2016

 

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

 

$

1,475

 

$

2,473

 

$

2,397

 

Pretax gain reclassified from accumulated other comprehensive income

 

 

(7,558)

 

 

 —

 

 

 —

 

 

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

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Net gains (losses) recognized

 

 

 

 

 

 

 

 

 

 

 

 

in the consolidated statements

 

December 31, 

 

(dollars in thousands)

  

of income line item

   

2018

  

2017

    

2016

 

Derivatives Not Designated As Hedging Instruments:

 

 

 

 

 

 

 

 

 

 

 

 

Interest rate swaps

 

Other noninterest income

 

$

574

 

$

819

 

$

901

 

Funding swap

 

Other noninterest income

 

 

(172)

 

 

(169)

 

 

25

 

Foreign exchange contracts

 

Other noninterest income

 

 

(58)

 

 

171

 

 

(240)