XML 82 R66.htm IDEA: XBRL DOCUMENT

Derivative Financial Instruments (Tables)

12 Months Ended

Dec. 31, 2020

Derivative Financial Instruments

Derivative financial instruments summary

The Company uses certain derivative instruments to meet the needs of its customers as well as to manage the interest rate risk associated with certain transactions. The following table summarizes the derivative financial instruments utilized by the Company:The Company uses certain derivative instruments to meet the needs of its customers as well as to manage the interest rate risk associated with certain transactions. The following table summarizes the derivative financial instruments utilized by the Company:
							December 31, 2020									December 31, 2019
		Balance Sheet		Notional			Estimated Fair Value						Notional			Estimated Fair Value
(Dollars in thousands)		Location		Amount			Gain			Loss			Amount			Gain			Loss

Cash flow hedges of interest rate risk on FHLB Advances:
Pay fixed rate swap with counterparty		Other Liabilities		$	—		$	—		$	—		$	700,000		$	—		$	13,791


Fair value hedge of interest rate risk:
Pay fixed rate swap with counterparty		Other Assets and Other Liabilities		$	16,439		$	—		$	2,086		$	2,754		$	—		$	199


Not designated hedges of interest rate risk:
Customer related interest rate contracts:
Matched interest rate swaps with borrowers		Other Assets and Other Liabilities		$	9,324,359		$	802,717		$	46		$	564,068		$	15,277		$	1,019
Matched interest rate swaps with counterparty		Other Assets and Other Liabilities		$	9,324,359		$	46		$	802,700		$	564,068		$	73		$	15,475


Not designated hedges of interest rate risk - mortgage banking activities:
Contracts used to hedge mortgage servicing rights		Other Assets and Other Liabilities		$	149,000		$	119		$	—		$	133,000		$	—		$	789
Contracts used to hedge mortgage pipeline		Other Assets		$	528,500		$	11,017		$	—		$	87,773		$	902		$	—

Total derivatives				$	19,342,657		$	813,899		$	804,832		$	2,051,663		$	16,252		$	31,273

Schedule of notional value of forward sale commitments and the fair value of those obligations along with the fair value of the mortgage pipeline


			December 31,
(Dollars in thousands)			2020			2019
Mortgage loan pipeline			$	510,730		$	80,785
Expected closures				411,273			60,588
Fair value of mortgage loan pipeline commitments				15,328			1,160
Forward sales commitments				528,500			87,773
Fair value of forward commitments				(4,311)			(258)