DERIVATIVE FINANCIAL INSTRUMENTS (Tables)

3 Months Ended

Mar. 31, 2021

Derivative Instruments and Hedging Activities Disclosure [Abstract]

Fair Values of Derivative Instruments

The table below presents the fair value of derivative financial instruments as well as their location on the unaudited Consolidated Statements of Financial Condition as of March 31, 2021.

	Fair Values of Derivative Instruments
(Dollars in thousands)		Notional		Balance Sheet Location	Derivatives (Fair Value)
Derivatives not designated as hedging instruments:
Interest rate products		$	58,287	Other assets	$	3,464
Interest rate products		58,287		Other liabilities	(3,702)
Risk participation agreements		4,333		Other liabilities	(6)
Interest rate lock commitments with customers		253,235		Other assets	4,889
Interest rate lock commitments with customers		14,433		Other liabilities	(144)
Forward sale commitments		259,014		Other assets	3,086
Forward sale commitments		19,755		Other liabilities	(60)
Financial derivatives related to sales of certain Visa Class B shares		113,177		Other liabilities	(22,871)
Total derivatives		$	780,521		$	(15,344)

The table below presents the fair value of derivative financial instruments as well as their location on the Consolidated Statements of Financial Condition as of December 31, 2020.

	Fair Values of Derivative Instruments
(Dollars in thousands)		Notional		Balance Sheet Location	Derivatives (Fair Value)
Derivatives not designated as hedging instruments:
Interest rate products		$	61,326	Other assets	$	5,369
Interest rate products		61,326		Other liabilities	(5,851)
Risk participation agreements		4,372		Other liabilities	(10)
Interest rate lock commitments with customers		244,037		Other assets	8,496
Interest rate lock commitments with customers		8,413		Other liabilities	(117)
Forward sale commitments		50,705		Other assets	583
Forward sale commitments		258,186		Other liabilities	(2,240)
Financial derivatives related to sales of certain Visa Class B shares		113,177		Other liabilities	(24,039)
Total derivatives		$	801,542		$	(17,809)

Summary of Company's Derivative Financial Instruments

The table below presents the effect of the cash flow hedges on the unaudited Consolidated Statements of Income for three months ended March 31, 2020.

	Amount of Gain Recognized in OCI on Derivative (Effective Portion)		Location of Gain Reclassified from Accumulated OCI into Income (Effective Portion)
(Dollars in thousands)	Three Months Ended March 31,
Derivatives in cash flow hedging relationships	2020
Interest rate products	$	1,585	Interest income
Total	$	1,585

The table below presents the effect of the derivative financial instruments on the unaudited Consolidated Statements of Income for the three months ended March 31, 2021 and March 31, 2020.

	Amount of Gain or (Loss) Recognized in Income				Location of Gain or (Loss) Recognized in Income
(Dollars in thousands)	Three Months Ended March 31,
Derivatives not designated as hedging instruments	2021		2020
Interest rate lock commitments with customers	$	(3,264)	$	3,049	Mortgage banking activities, net
Forward sale commitments	6,123		(4,045)		Mortgage banking activities, net
Total	$	2,859	$	(996)