DERIVATIVE FINANCIAL INSTRUMENTS (Tables)

3 Months Ended

Mar. 31, 2023

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, 2023.


	Fair Values of Derivative Instruments
(Dollars in thousands)		Count	Notional		Balance Sheet Location	Derivatives (Fair Value)
Derivatives designated as hedging instruments:
Interest rate products		1	$	100,000	Other assets	$	1,822
Total			$	100,000		$	1,822
Derivatives not designated as hedging instruments:
Interest rate products			$	1,916,460	Other assets	$	119,336
Interest rate products			1,919,729		Other liabilities	(119,336)
Interest rate lock commitments with customers			38,957		Other assets	752
Interest rate lock commitments with customers			859		Other liabilities	(1)
Forward sale commitments			11,257		Other assets	29
Forward sale commitments			23,850		Other liabilities	(167)
FX forwards			3,653		Other assets	146
FX forwards			3,000		Other liabilities	(118)
Risk participation agreements sold			106,926		Other liabilities	(4)
Risk participation agreements purchased			90,591		Other assets	78
Financial derivatives related to sales of certain Visa Class B shares			113,177		Other liabilities	(16,291)
Total derivatives			$	4,328,459		$	(13,754)

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 December 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		$	1,794,678	Other assets	$	156,414
Interest rate products		1,794,678		Other liabilities	(156,414)
Interest rate lock commitments with customers		24,673		Other assets	385
Interest rate lock commitments with customers		1,179		Other liabilities	(7)
Forward sale commitments		9,072		Other assets	75
Forward sale commitments		20,719		Other liabilities	(54)
FX forwards		4,177		Other assets	38
FX forwards		3,052		Other liabilities	(45)
Risk participation agreements sold		68,459		Other liabilities	(2)
Risk participation agreements purchased		87,168		Other assets	81
Financial derivatives related to sales of certain Visa Class B shares		113,177		Other liabilities	(17,100)
Total derivatives		$	3,921,032		$	(16,629)

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, 2023 and March 31, 2022.








	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	2023		2022
Interest rate lock commitments with customers	$	421	$	(1,227)		Mortgage banking activities, net
Forward sale commitments	(148)		3,137			Mortgage banking activities, net
Total	$	273	$	1,910