Derivative Financial Instruments (Tables)

6 Months Ended

Jun. 30, 2019

Derivative Instruments and Hedging Activities Disclosure [Abstract]

Schedule of the notional amount and fair value of the derivative financial instruments

The notional amount and fair value of the Company’s derivative financial instruments as of June 30, 2019 and December 31, 2018 were as follows:

	June 30, 2019						December 31, 2018
(dollars in thousands)	Notional Amount			Fair Value			Notional Amount			Fair Value
Interest Rate Lock Commitments		$	84,652	$	2,143			$	33,133	$	871
Forward Commitments		89,635		(800		)		34,102		(352		)
Interest Rate Swap Agreements
Receive Fixed/Pay Variable Swaps		686,865		23,015				505,034		(2,537		)
Pay Fixed/Receive Variable Swaps		686,865		(5,202		)		505,034		6,082
Foreign Exchange Contracts		55,317		421				55,663		793
Conversion Rate Swap Agreement		106,211		—				80,746		—

Derivative financial instruments, their fair values, and balance sheet location

The following table presents the Company’s derivative financial instruments, their fair values, and their location in the consolidated statements of condition as of June 30, 2019 and December 31, 2018:

Derivative Financial Instruments	June 30, 2019				December 31, 2018
Not Designated as Hedging Instruments 1	Asset		Liability		Asset		Liability
(dollars in thousands)	Derivatives		Derivatives		Derivatives		Derivatives
Interest Rate Lock Commitments	$	2,143	$	—	$	877	$	6
Forward Commitments	—		800		4		356
Interest Rate Swap Agreements	25,228		7,415		12,915		9,370
Foreign Exchange Contracts	498		77		808		15
Total	$	27,869	$	8,292	$	14,604	$	9,747

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Asset derivatives are included in other assets and liability derivatives are included in other liabilities in the consolidated statements of condition.

Derivative financial instruments and the amount and location of the net gains or losses recognized in the statements of income

The following table presents the Company’s derivative financial instruments and the amount and location of the net gains or losses recognized in the consolidated statements of income for the three and six months ended June 30, 2019 and 2018:

	Location of
Derivative Financial Instruments	Net Gains (Losses)	Three Months Ended						Six Months Ended
Not Designated as Hedging Instruments	Recognized in the	June 30,						June 30,
(dollars in thousands)	Statements of Income	2019			2018			2019			2018
Interest Rate Lock Commitments	Mortgage Banking	$	3,561		$	968		$	5,286		$	1,498
Forward Commitments	Mortgage Banking	(1,382		)	240			(1,974		)	925
Interest Rate Swap Agreements	Other Noninterest Income	1,760			632			2,896			750
Foreign Exchange Contracts	Other Noninterest Income	1,152			995			2,066			1,959
Conversion Rate Swap Agreement	Investment Securities Gains (Losses), Net	—			(1,000		)	—			(1,000		)
Total		$	5,091		$	1,835		$	8,274		$	4,132