DERIVATIVE FINANCIAL INSTRUMENTS (Tables)

3 Months Ended

Mar. 31, 2022

Derivative Instruments and Hedging Activities Disclosure [Abstract]

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, 2022.


	Fair Values of Derivative Instruments
(Dollars in thousands)		Notional		Balance Sheet Location	Derivatives (Fair Value)



Derivatives not designated as hedging instruments:
Interest rate products		$	1,428,507	Other assets	$	69,824
Interest rate products		1,428,507		Other liabilities	(69,874)
Interest rate lock commitments with customers		59,199		Other assets	833
Interest rate lock commitments with customers		48,435		Other liabilities	(573)
Forward sale commitments		92,690		Other assets	1,595
Forward sale commitments		12,911		Other liabilities	(39)
FX forwards		803		Other liabilities	(30)
Risk participation agreements sold		53,175		Other liabilities	(7)
Risk participation agreements purchased		66,872		Other assets	209
Financial derivatives related to sales of certain Visa Class B shares		113,177		Other liabilities	(18,625)
Total derivatives		$	3,304,276		$	(16,687)

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, 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		$	54,834	Other assets	$	2,625
Interest rate products		54,834		Other liabilities	(2,847)
Risk participation agreements		4,214		Other liabilities	(3)
Interest rate lock commitments with customers		102,264		Other assets	1,991
Interest rate lock commitments with customers		12,813		Other liabilities	(73)
Forward sale commitments		63,664		Other assets	537
Forward sale commitments		67,032		Other liabilities	(116)
Financial derivatives related to sales of certain Visa Class B shares		113,177		Other liabilities	(20,252)
Total derivatives		$	472,832		$	(18,138)

Summary of Company's Derivative Financial Instruments

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, 2022 and March 31, 2021.








	Amount of (Loss) or Gain 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	2022		2021
Interest rate lock commitments with customers	$	(1,227)	$	(3,264)		Mortgage banking activities, net
Forward sale commitments	3,137		6,123			Mortgage banking activities, net
Total	$	1,910	$	2,859