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Derivative Financial Instruments (Tables)

3 Months Ended

Mar. 31, 2021

Derivative Financial Instruments

Derivative financial instruments summary


							March 31, 2021									December 31, 2020
		Balance Sheet		Notional			Estimated Fair Value						Notional			Estimated Fair Value
(Dollars in thousands)		Location		Amount			Gain			Loss			Amount			Gain			Loss

Fair value hedge of interest rate risk:
Pay fixed rate swap with counterparty		Other Liabilities		$	16,307		$	—		$	1,390		$	16,439		$	—		$	2,086

Not designated hedges of interest rate risk:
Customer related interest rate contracts:
Matched interest rate swaps with borrowers		Other Assets and Other Liabilities			9,697,873			393,424			120,458			9,324,359			802,717			46
Matched interest rate swaps with counterparty		Other Assets and Other Liabilities			9,697,873			4,797			277,777			9,324,359			46			802,700

Not designated hedges of interest rate risk - mortgage banking activities:
Contracts used to hedge mortgage servicing rights		Other Assets and Other Liabilities			152,000			—			2,631			149,000			119			—
Contracts used to hedge mortgage pipeline		Other Assets			593,500			18,108			—			528,500			11,017			—
Total derivatives				$	20,157,553		$	416,329		$	402,256		$	19,342,657		$	813,899		$	804,832

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

The following table presents our notional value of forward sale commitments and the fair value of those obligations along with the fair value of the mortgage pipeline related to the held for sale portfolio.



(Dollars in thousands)		March 31, 2021			December 31, 2020
Mortgage loan pipeline		$	634,976		$	510,730
Expected closures			562,805			411,273
Fair value of mortgage loan pipeline commitments			10,524			15,328
Forward sales commitments			593,500			528,500
Fair value of forward commitments			7,584			(4,311)