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Derivative and Hedging Activities (Tables)
3 Months Ended
Mar. 31, 2024
Derivative Instruments and Hedging Activities Disclosure [Abstract]  
Summary Of Other Derivative Instruments [Table Text Block] The following table presents the total notional amounts and gross fair values of the Corporation’s derivatives, as well as the balance sheet netting adjustments as of March 31, 2024 and December 31, 2023. The derivative assets and liabilities are presented on a gross basis prior to the application of bilateral collateral and master netting agreements, but after the variation margin payments with central clearing organizations have been applied as settlement, as applicable. Total derivative assets and liabilities are adjusted to take into consideration the effects of legally enforceable master netting agreements and cash collateral received or paid as of March 31, 2024 and December 31, 2023. The resulting net derivative asset and liability fair values are included in other assets and accrued expenses and other liabilities, respectively, on the consolidated balance sheets.
 Mar 31, 2024Dec 31, 2023
AssetLiabilityAssetLiability
($ in thousands)Notional AmountFair ValueNotional AmountFair ValueNotional AmountFair ValueNotional AmountFair Value
Designated as hedging instruments:
Interest rate-related instruments$1,350,000 $2,164 $1,750,000 $10,685 $2,300,000 $8,075 $550,000 $930 
Foreign currency exchange forwards147,695 624 263,335 230 231,566 632 189,212 2,946 
Total designated as hedging instruments2,788 10,915 8,707 3,876 
Not designated as hedging instruments:
Interest rate-related and other instruments3,770,832 113,337 6,262,958 222,303 3,603,513 111,623 6,528,471 195,662 
Foreign currency exchange forwards115,002 5,276 88,602 4,956 87,526 2,954 135,654 2,746 
Mortgage banking(a)
49,808 666 98,000 222 29,490 439 51,500 673 
Total not designated as hedging instruments119,279 227,482 115,016 199,082 
Gross derivatives before netting122,067 238,397 123,723 202,958 
Less: Legally enforceable master netting agreements6,463 6,463 18,234 18,234 
Less: Cash collateral pledged/received55,681 — 35,855 — 
Total derivative instruments, after netting$59,923 $231,934 $69,634 $184,724 

(a) The notional amount of the mortgage derivative asset includes interest rate lock commitments, while the notional amount of the mortgage derivative liability includes forward commitments.

Balance Sheet Recording of Fair Value Hedge [Table Text Block] The following table presents amounts that were recorded on the consolidated balance sheets related to cumulative basis adjustments for fair value hedges:
Line Item in the Consolidated Balance Sheets in Which the Hedged Item is Included
Carrying Amount of the Hedged Assets/(Liabilities)(a)
Cumulative Amount of Fair Value Hedging Adjustment Included in the Carrying Amount of the Hedged Assets/(Liabilities)
Carrying Amount of the Hedged Assets/(Liabilities)(a)
Cumulative Amount of Fair Value Hedging Adjustment Included in the Carrying Amount of the Hedged Assets/(Liabilities)
($ in thousands)March 31, 2024December 31, 2023
Other long-term funding$(543,162)$6,838 $(548,634)$1,366 
FHLB advances(585,549)14,451 (590,287)9,713 
Total$(1,128,711)$21,289 $(1,138,921)$11,079 

(a) Excludes hedged items where only foreign currency risk is the designated hedged risk. At March 31, 2024 and December 31, 2023, the carrying amount excluded for foreign currency denominated loans was $411 million and $421 million, respectively.
Schedule of cash flow hedging instruments, statements of financial performance and financial position location
The tables below identify the effect of fair value and cash flow hedge accounting on the Corporation's consolidated statements of income for the three months ended March 31, 2024 and 2023:
Location and Amount Recognized on the Consolidated Statements of Income in
Fair Value and Cash Flow Hedging Relationships
Three months ended Mar 31,
20242023
($ in thousands)Interest Income Interest ExpenseInterest IncomeInterest Expense
Total amounts of income/expense presented on the consolidated statements of income in which the effects of the fair value or cash flow hedges are recorded(a)
$(4,863)$5,322 $(1,321)$2,515 
The effects of fair value and cash flow hedging: Impact on fair value hedging relationships in Subtopic 815-20
Interest contracts:
Hedged items (40)(10,210)(59)10,724 
Derivatives designated as hedging instruments(a)
(4,823)15,532 (1,262)(8,209)
(a) Includes net settlements on the derivatives.
Location and Amount Recognized on the Consolidated Statements of Income in
Fair Value Hedging Relationships
Three months ended Mar 31,
20242023
($ in thousands)Capital Markets, NetCapital Markets, Net
Total amounts of income/expense presented on the consolidated statements of income in which the effects of the fair value hedges are recorded$— $— 
The effects of fair value hedging: Impact on fair value hedging relationships in Subtopic 815-20
Foreign currency contracts:
Hedged items(9,070)1,802 
Derivatives designated as hedging instruments9,070 (1,802)
Schedule of Cash Flow Hedges Included in Accumulated Other Comprehensive Income (Loss) [Table Text Block]
The following table presents the effect of cash flow hedge accounting on accumulated other comprehensive income (loss) for the three months ended March 31, 2024 and 2023:
Three Months Ended Mar 31,
($ in thousands)20242023
Interest rate-related instruments designated as cash flow hedging instruments
Amount of (loss) income recognized in OCI on cash flow hedge derivative(a)
$(19,461)$13,763 
Amount of loss reclassified from accumulated other comprehensive income (loss) into interest income(a)
4,823 1,262 
(a) The entirety of gains (losses) recognized in OCI as well as the losses reclassified from accumulated other comprehensive income (loss) into interest income were included components in the assessment of hedge effectiveness.
Gain (loss) on derivative instruments not designated as hedging instruments
The table below identifies the effect of derivatives not designated as hedging instruments on the Corporation's consolidated statements of income for the three months ended March 31, 2024 and 2023:
Consolidated Statements of Income Category of Gain / (Loss) 
Recognized in Income
Three Months Ended Mar 31,
($ in thousands)20242023
Derivative instruments
Interest rate-related and other instruments — customer and mirror, netCapital markets, net$(71)$(70)
Interest rate-related instruments — MSRs hedgeMortgage banking, net(2,937)2,521 
Foreign currency exchange forwardsCapital markets, net746 228 
Interest rate lock commitments (mortgage)Mortgage banking, net227 252 
Forward commitments (mortgage)Mortgage banking, net451 (395)