Derivative Financial Instruments (Tables)

3 Months Ended

Mar. 31, 2021

Derivative Financial Instruments

Summary of notional amounts and fair values of derivatives held

	March 31, 2021						December 31, 2020
			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	$	22,451	$	—	$	(1,084)	$	22,451	$	—	$	(1,276)
Derivatives not designated as hedging instruments:
Interest rate swaps		3,000,461		80,126		—		3,002,333		129,888		—
Funding swap		95,799		—		(3,382)		92,647		—		(4,554)
Interest rate caps and floors		148,800		56		(56)		148,800		7		(7)
Foreign exchange contracts		—		—		—		326		—		—

(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

	Gains (losses) recognized in	Three Months Ended
	the consolidated statements	March 31,
(dollars in thousands)	of income line item	2021		2020
Gains (losses) on fair value hedging relationships recognized in interest income(1):
Recognized on interest rate swap	Loans and lease financing	$	193	$	(955)
Recognized on hedged item	Loans and lease financing		(249)		906

Schedule of amounts related to cumulative basis adjustments for fair value hedges

					Cumulative Amount of Fair Value
					Hedging Adjustment Included in the
	Carrying Amount of the Hedged Asset				Carrying Amount of the Hedged Asset
(dollars in thousands)	March 31, 2021		December 31, 2020		March 31, 2021		December 31, 2020
Line item in the consolidated balance sheets in which the hedged item is included
Loans and leases	$	23,920	$	24,355	$	1,239	$	1,487

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

	Net gains (losses) recognized	Three Months Ended
	in the consolidated statements	March 31,
(dollars in thousands)	of income line item	2021		2020
Derivatives Not Designated As Hedging Instruments:
Interest rate swaps	Other noninterest income	$	—	$	—
Funding swap	Other noninterest income		26		6
Foreign exchange contracts	Other noninterest income		—		(52)