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Derivative Instruments and Hedging Activities (Tables)
 3 Months Ended
Mar. 31, 2018
Derivative Instruments and Hedging Activities Disclosure [Abstract]  
Schedule of Interest Rate Derivatives
Cash Flow Hedges
(Dollar amounts in thousands)
 
 
As of
 
 
March 31, 2018
 
December 31, 2017
Gross notional amount outstanding
 
$
2,060,000

 
$
1,960,000

Derivative asset fair value in other assets(1)
 
7,291

 
3,989

Derivative liability fair value in other liabilities(1)
 
(15,729
)
 
(10,219
)
Weighted-average interest rate received
 
1.78
%
 
1.58
%
Weighted-average interest rate paid
 
1.85
%
 
1.61
%
Weighted-average maturity (in years)
 
2.17

 
2.25


(1) 
Certain cash flow hedges are transacted through a clearinghouse ("centrally cleared") and their change in fair value is settled by the counterparties to the transaction, which results in no fair value.
Fair Value Hedges
(Dollar amounts in thousands)
 
 
As of
 
 
March 31, 2018
 
December 31, 2017
Gross notional amount outstanding
 
$
5,333

 
$
5,458

Derivative liability fair value in other liabilities
 
(61
)
 
(101
)
Weighted-average interest rate received
 
3.69
%
 
3.38
%
Weighted-average interest rate paid
 
5.96
%
 
5.96
%
Weighted-average maturity (in years)
 
0.60

 
0.84

Fair value of derivative(1)
 
$
70

 
$
110

(1) 
This amount represents the fair value if credit risk related contingent features were triggered.
The following table presents the impact of derivative instruments on net interest income for the quarters ended March 31, 2018 and 2017.
Hedge Income
(Dollar amounts in thousands)
 
 
Quarters Ended 
 March 31,
 
 
2018
 
2017
Fair Value Hedges
 
 
 
 
Interest rate swaps in interest income
 
$
(41
)
 
$
(34
)
Cash Flow Hedges
 
 
 
 
Interest rate swaps in interest income
 
271

 
1,856

Interest rate swaps in interest expense
 
(606
)
 
(1,145
)
Total cash flow hedges
 
(335
)
 
711

Total net gains (losses) on hedges
 
$
(376
)
 
$
677
Schedule of Derivative Instruments
Other Derivative Instruments
(Dollar amounts in thousands)
 
 
As of
 
 
March 31, 2018
 
December 31, 2017
Gross notional amount outstanding
 
$
2,755,248

 
$
2,665,358

Derivative asset fair value in other assets(1)
 
21,019

 
17,079

Derivative liability fair value in other liabilities(1)
 
(22,948
)
 
(14,930
)
Fair value of derivative(2)
 
22,682

 
15,059

(1) 
Certain other derivative instruments are centrally cleared and their change in fair value is settled by the counterparties to the transaction, which results in no fair value.
(2) 
This amount represents the fair value if credit risk related contingent features were triggered.
Offsetting Assets
The following table presents the fair value of the Company's derivatives and offsetting positions as of March 31, 2018 and December 31, 2017.
Fair Value of Offsetting Derivatives
(Dollar amounts in thousands)
 
 
As of March 31, 2018
 
As of December 31, 2017
 
 
Assets
 
Liabilities
 
Assets
 
Liabilities
Gross amounts recognized
 
$
28,310

 
$
38,738

 
$
21,068

 
$
25,250

Less: amounts offset in the Consolidated Statements of
  Financial Condition
 
—

 
—

 
—

 
—

Net amount presented in the Consolidated Statements of
  Financial Condition(1)
 
28,310

 
38,738

 
21,068


25,250

Gross amounts not offset in the Consolidated Statements of
  Financial Condition:
 
 
 
 
 
 
 
 
Offsetting derivative positions
 
(18,362
)
 
(18,362
)
 
(16,880
)
 
(16,880
)
Cash collateral pledged
 
—

 
(20,376
)
 
—

 
(8,370
)
Net credit exposure
 
$
9,948

 
$
—

 
$
4,188

 
$
—

(1) 
Included in other assets or other liabilities in the Consolidated Statements of Financial Condition.
Offsetting Liabilities
The following table presents the fair value of the Company's derivatives and offsetting positions as of March 31, 2018 and December 31, 2017.
Fair Value of Offsetting Derivatives
(Dollar amounts in thousands)
 
 
As of March 31, 2018
 
As of December 31, 2017
 
 
Assets
 
Liabilities
 
Assets
 
Liabilities
Gross amounts recognized
 
$
28,310

 
$
38,738

 
$
21,068

 
$
25,250

Less: amounts offset in the Consolidated Statements of
  Financial Condition
 
—

 
—

 
—

 
—

Net amount presented in the Consolidated Statements of
  Financial Condition(1)
 
28,310

 
38,738

 
21,068


25,250

Gross amounts not offset in the Consolidated Statements of
  Financial Condition:
 
 
 
 
 
 
 
 
Offsetting derivative positions
 
(18,362
)
 
(18,362
)
 
(16,880
)
 
(16,880
)
Cash collateral pledged
 
—

 
(20,376
)
 
—

 
(8,370
)
Net credit exposure
 
$
9,948

 
$
—

 
$
4,188

 
$
—

(1) 
Included in other assets or other liabilities in the Consolidated Statements of Financial Condition.
Cash Flow Hedge Accounting on AOCI
The following table presents the impact of derivative instruments on comprehensive income and the reclassification of gains (losses) from accumulated other comprehensive loss to net interest income for the quarters ended March 31, 2018 and 2017.
Cash Flow Hedge Accounting on AOCI
(Dollar amounts in thousands)
 
 
Quarters Ended 
 March 31,
 
 
2018
 
2017
Gains (losses) recognized in other comprehensive income
 
 
 
 
Interest rate swaps in interest income
 
$
6,996

 
$
1,811

Interest rate swaps in interest expense
 
(7,183
)
 
(302
)
Reclassification of gains (losses) included in net income
 
 
 
 
Interest rate swaps in interest income
 
$
271

 
$
1,856

Interest rate swaps in interest expense
 
(606
)
 
(1,145
)