XML 44 R34.htm IDEA: XBRL DOCUMENT v3.22.2
Derivative Financial Instruments (Tables)
6 Months Ended
Jun. 30, 2022
Derivative Financial Instruments  
Summary of notional amounts and fair values of derivatives held

June 30, 2022

December 31, 2021

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

$

267,500

$

4,932

$

(3,877)

$

67,500

$

$

(1,211)

Derivatives not designated as hedging instruments:

Interest rate swaps

2,937,558

5,454

(23,984)

2,827,582

50,898

Visa derivative

107,464

(3,786)

105,916

(5,530)

Interest rate caps and floors

148,800

27

(27)

Foreign exchange contracts

232

217

(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

Six Months Ended

the consolidated statements

June 30, 

June 30, 

(dollars in thousands)

  

of income line item

  

2022

  

2021

  

2022

  

2021

Gains (losses) on fair value hedging relationships recognized in interest income:

Recognized on interest rate swap

Loans and lease financing

$

4,631

$

121

$

6,143

$

313

Recognized on hedged item

Loans and lease financing

(4,729)

(138)

(6,346)

(387)

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)

  

June 30, 2022

  

December 31, 2021

  

June 30, 2022

  

December 31, 2021

Line item in the consolidated balance sheets in which the hedged item is included

Loans and leases

$

62,542

$

68,707

$

(4,958)

$

1,207

Summary of effect of cash flow hedging relationships

(dollars in thousands)

Three Months Ended
June 30, 2022

Six Months Ended
June 30, 2022

Pretax net losses recognized in other comprehensive income on cash flow derivative hedges

$

(1,523)

$

(3,239)

Pretax net gains reclassified from accumulated other comprehensive income to interest income from loans and lease financing

(638)

(638)

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

Net gains (losses) recognized

Three Months Ended

Six Months Ended

in the consolidated statements

June 30, 

June 30, 

(dollars in thousands)

  

of income line item

2022

  

2021

  

2022

  

2021

Derivatives Not Designated As Hedging Instruments:

Visa derivative

Other noninterest income

$

123

$

(23)

(1,357)

3

Foreign exchange contracts

Other noninterest income

(6)