XML 44 R34.htm IDEA: XBRL DOCUMENT v3.19.1
Derivative and Hedging Activities (Tables)
 3 Months Ended
Mar. 31, 2019
Derivative Instruments and Hedging Activities Disclosure [Abstract]  
Summary Of Other derivative instruments not designated as hedging instruments The table below identifies the consolidated balance sheets category and fair values of the Corporation’s derivative instruments:
 
March 31, 2019
 
December 31, 2018
($ in Thousands)
Notional Amount
 
Fair
Value
 
Consolidated
Balance Sheets
Category
 
Notional Amount
 
Fair
Value
 
Consolidated
Balance Sheets
Category
Derivatives not designated as hedging instruments
 
 
 
 
 
 
 
 
 
 
 
Interest rate-related instruments — customer and mirror
$
2,726,738

 
$
54,479

 
Trading assets
 
$
2,707,204

 
$
52,796

 
Trading assets
Interest rate-related instruments — customer and mirror
2,726,738

 
(55,008
)
 
Trading liabilities
 
2,707,204

 
(52,653
)
 
Trading liabilities
Foreign currency exchange forwards
92,285

 
1,737

 
Trading assets
 
117,879

 
721

 
Trading assets
Foreign currency exchange forwards
103,238

 
(1,665
)
 
Trading liabilities
 
69,153

 
(675
)
 
Trading liabilities
Commodity contracts
284,655

 
21,705

 
Trading assets
 
331,727

 
35,426

 
Trading assets
Commodity contracts
284,656

 
(21,186
)
 
Trading liabilities
 
315,861

 
(34,340
)
 
Trading liabilities
Interest rate lock commitments (mortgage)
269,075

 
3,032

 
Other assets
 
191,222

 
2,208

 
Other assets
Forward commitments (mortgage)
191,112

 
(1,825
)
 
Other liabilities
 
139,984

 
(2,072
)
 
Other liabilities
Purchased options (time deposit)
7,885

 
156

 
Other assets
 
11,185

 
109

 
Other assets
Written options (time deposit)
7,885

 
(156
)
 
Other liabilities
 
11,185

 
(109
)
 
Other liabilities
Derivatives designated as hedging instruments
 
 
 
 
 
 
 
 
 
 
 
Interest Rate Products
500,000

 
(128
)
 
Other liabilities
 
500,000

 
(40
)
 
Other liabilities
Cumulative basis adjustment for fair value hedges The following table presents amounts that were recorded on the consolidated balance sheets related to cumulative basis adjustment for fair value hedges:
 
Line Item in the Statement of Financial Position in Which the Hedged Item is Included
 
Carrying Amount of the Hedged Assets/(Liabilities)
 
Cumulative Amount of Fair Value Hedging Adjustment Included in the Carrying Amount of the Hedged Assets/(Liabilities)
($ in Thousands)
March 31, 2019
Loans and investment securities receivables(a)
$
501,555

 
$
1,555

Total
$
501,555

 
$
1,555

(a) These amounts include the amortized cost basis of closed portfolios used to designated hedging relationships in which the hedged item is the last layer expected to be remaining at the end of the hedging relationship. At March 31, 2019, the amortized cost basis of the closed portfolios used in these hedging relationships was $1.1 billion; the positive cumulative basis adjustments associated with these hedging relationships was $2 million; and the amounts of the designated hedged items were $500 million.
Schedule of cash flow hedging instruments, statements of financial performance and financial position location The table below identifies the effect of fair value hedge accounting on the Corporation's consolidated statements of income during the three months ended March 31, 2019 and twelve months ended December 31, 2018:
 
Location and Amount of Gain or (Loss) Recognized in Income on Fair Value and Cash Flow Hedging Relationships
 
Three Months Ended March 31, 2019
Year Ended December 31, 2018
($ in Thousands)
Interest Income
Other Income (Expense)
Interest Income
Other Income (Expense)
Total amounts of income and expense line items presented in the consolidated statements of income in which the effects of fair value or cash flow hedges are recorded
$
166

$
—

$
(1,325
)
$
—

The effects of fair value and cash flow hedging: Gain or (loss) on fair value hedging relationships in Subtopic 815-20
 
 
 
 
Interest contracts
 
 
 
 
Hedged items
2,057

—

(502
)
—

Derivatives designated as hedging instruments(a)
(1,891
)
—

(823
)
—
Gain (loss) on derivative instruments not designated as hedging instruments The table below identifies the effect of derivatives not designated as hedging instruments on the Corporation's consolidated statements of income during the three months ended March 31, 2019 and 2018:
 
Consolidated Statements of Income Category of
Gain / (Loss) Recognized in Income
For the Three Months Ended March 31,
($ in Thousands)
 
2019
 
2018
Derivative Instruments
 
 
 
 
Interest rate-related instruments — customer and mirror, net
Capital markets, net
$
(672
)
 
$
492

Foreign currency exchange forwards
Capital markets, net
26

 
(28
)
Commodity contracts
Capital markets, net
(567
)
 
164

Interest rate lock commitments (mortgage)
Mortgage banking, net
824

 
1,494

Forward commitments (mortgage)
Mortgage banking, net
247

 
10