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Derivative Instruments (Tables) | 12 Months Ended
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Dec. 31, 2020
Derivative Instrument Detail [Abstract] |
Schedule Of Notional Amounts Of Derivative Instruments | The notional amounts of the Company’s derivative instruments are shown in the table below. These contractual amounts, along with other terms of the derivative, are used to determine amounts to be exchanged between counterparties and are not a measure of loss exposure. With the exception of the interest rate floors (discussed below), the Company's derivative instruments are accounted for as free-standing derivatives, and changes in their fair value are recorded in current earnings.
| December 31
(In thousands) | 2020 |  | 2019
Interest rate swaps | $ | 2,367,017 |  |  | $ | 2,606,181 |
Interest rate floors | — |  |  | 1,500,000 |
Interest rate caps | 103,028 |  |  | 59,316 |
Credit risk participation agreements | 381,170 |  |  | 316,225 |
Foreign exchange contracts | 7,431 |  |  | 10,936 |
Mortgage loan commitments | 67,543 |  |  | 13,755 |
Mortgage loan forward sale contracts | — |  |  | 1,943 |
Forward TBA contracts | 89,000 |  |  | 17,500 |
Total notional amount | $ | 3,015,189 |  |  | $ | 4,525,856 |
Schedule Of Fair Values Of Derivative Instruments | he fair values of the Company’s derivative instruments, whose notional amounts are listed above, are shown in the table below. Information about the valuation methods used to determine fair value is provided in Note 17 on Fair Value Measurements. The Company's policy is to present its derivative assets and derivative liabilities on a gross basis in its consolidated balance sheets and these are reported in other assets and other liabilities. Certain collateral posted to and from the Company's clearing counterparty has been offset against the fair values of cleared swaps, such that at December 31, 2020 in the table below, there were no reductions to the positive fair values of cleared swaps and the negative fair values of cleared swaps were reduced by $69.2 million. At December 31, 2019, the positive fair values of cleared swaps were reduced by $617 thousand and the negative fair values of cleared swaps were reduced by $28.5 million.
|  | Asset Derivatives |  | Liability Derivatives
|  | December 31 |  | December 31
|  | 2020 |  | 2019 |  | 2020 |  | 2019
(In thousands) |  | Fair Value |  | Fair Value
Derivatives designated as hedging instruments: |  |  |  |  |  |  |  |
Interest rate floors |  | $ | — |  |  | $ | 67,192 |  |  | $ | — |  |  | $ | — |
Total derivatives designated as hedging instruments |  | $ | — |  |  | $ | 67,192 |  |  | $ | — |  |  | $ | — |
Derivatives not designated as hedging instruments: |  |  |  |  |  |
Interest rate swaps |  | $ | 86,389 |  |  | $ | 37,774 |  |  | $ | (17,199) |  |  | $ | (9,916) |
Interest rate caps |  | 1 |  |  | 4 |  | (1) |  |  | (4) |
Credit risk participation agreements |  | 216 |  |  | 140 |  |  | (701) |  |  | (230) |
Foreign exchange contracts |  | 57 |  |  | 97 |  |  | (103) |  |  | (32) |
Mortgage loan commitments |  | 3,226 |  |  | 459 |  |  | — |  |  | — |
Mortgage loan forward sale contracts |  | — |  |  | 6 |  |  | — |  |  | (2) |
Forward TBA contracts |  | — |  |  | 2 |  |  | (671) |  |  | (35) |
Total derivatives not designated as hedging instruments |  | $ | 89,889 |  |  | $ | 38,482 |  |  | $ | (18,675) |  |  | $ | (10,219) |
Total |  | $ | 89,889 |  |  | $ | 105,674 |  |  | $ | (18,675) |  |  | $ | (10,219) |
Summary of Cash Flow Hedge Activity [Table Text Block] |
| Amount of Gain or (Loss) Recognized in OCI |  | Location of Gain (Loss) Reclassified from AOCI into Income | Amount of Gain (Loss) Reclassified from AOCI into Income
(In thousands) | Total | Included Component | Excluded Component |  | (In thousands) | Total | Included Component | Excluded Component
For the Year Ended December 31, 2020
Derivatives in cash flow hedging relationships:
Interest rate floors | $ | 93,497 |  | $ | 120,140 |  | $ | (26,643) |  |  | Interest and fees on loans | $ | 10,319 |  | $ | 15,257 |  | $ | (4,938) |
Total | $ | 93,497 |  | $ | 120,140 |  | $ | (26,643) |  |  | Total | $ | 10,319 |  | $ | 15,257 |  | $ | (4,938) |
For the Year Ended December 31, 2019
Derivatives in cash flow hedging relationships:
Interest rate floors | $ | 27,481 |  | $ | 50,327 |  | $ | (22,846) |  |  | Interest and fees on loans | $ | (3,793) |  | $ | — |  | $ | (3,793) |
Total | $ | 27,481 |  | $ | 50,327 |  | $ | (22,846) |  |  | Total | $ | (3,793) |  | $ | — |  | $ | (3,793) |
For the Year Ended December 31, 2018
Derivatives in cash flow hedging relationships:
Interest rate floors | $ | 8,381 |  | $ | — |  | $ | 8,381 |  |  | Interest and fees on loans | $ | (760) |  | $ | — |  | $ | (760) |
Total | $ | 8,381 |  | $ | — |  | $ | 8,381 |  |  | Total | $ | (760) |  | $ | — |  | $ | (760) |
Summary Of The Effects Of Derivative Instruments On Consolidated Statements Of Income |
| Location of Gain or (Loss) Recognized in Income on Derivative | Amount of Gain or (Loss) Recognized in Income on Derivative
|  | For the Years Ended December 31
(In thousands) |  | 2020 |  | 2019 |  | 2018
Derivative instruments: |  |  |  |  |  |
Interest rate swaps | Other non-interest income | $ | 317 |  |  | $ | 4,732 |  |  | $ | 3,914 |
Interest rate caps | Other non-interest income | 20 |  |  | — |  |  | 11 |
Credit risk participation agreements | Other non-interest income | 413 |  |  | (16) |  |  | 150 |
Foreign exchange contracts: | Other non-interest income | (111) |  |  | 53 |  |  | 31 |
Mortgage loan commitments | Loan fees and sales | 2,768 |  |  | (77) |  |  | (45) |
Mortgage loan forward sale contracts | Loan fees and sales | (4) |  |  | (3) |  |  | 5 |
Forward TBA contracts | Loan fees and sales | (1,440) |  |  | (837) |  |  | 414 |
Total |  | $ | 1,963 |  |  | $ | 3,852 |  |  | $ | 4,480 |
Balance Sheet Offsetting, Derivatives [Table Text Block] |
|  |  |  | Gross Amounts Not Offset in the Balance Sheet |
(In thousands) | Gross Amount Recognized | Gross Amounts Offset in the Balance Sheet | Net Amounts Presented in the Balance Sheet | Financial Instruments Available for Offset | Collateral Received/Pledged | Net Amount
December 31, 2020 |  |  |  |  |  |
Assets: |  |  |  |  |  |
Derivatives subject to master netting agreements | $ | 86,497 |  | $ | — |  | $ | 86,497 |  | $ | (108) |  | $ | — |  | $ | 86,389 |
Derivatives not subject to master netting agreements | 3,392 |  | — |  | 3,392 |  |  |  |
Total derivatives | $ | 89,889 |  | $ | — |  | $ | 89,889 |  |  |  |
Liabilities: |  |  |  |  |  |
Derivatives subject to master netting agreements | $ | 18,420 |  | $ | — |  | $ | 18,420 |  | $ | (108) |  | $ | (16,738) |  | $ | 1,574 |
Derivatives not subject to master netting agreements | 255 |  | — |  | 255 |  |  |  |
Total derivatives | $ | 18,675 |  | $ | — |  | $ | 18,675 |  |  |  |
December 31, 2019 |  |  |  |  |  |
Assets: |  |  |  |  |  |
Derivatives subject to master netting agreements | $ | 105,147 |  | $ | — |  | $ | 105,147 |  | $ | (8,104) |  | $ | (59,525) |  | $ | 37,518 |
Derivatives not subject to master netting agreements | 527 |  | — |  | 527 |  |  |  |
Total derivatives | $ | 105,674 |  | $ | — |  | $ | 105,674 |  |  |  |
Liabilities: |  |  |  |  |  |
Derivatives subject to master netting agreements | $ | 10,083 |  | $ | — |  | $ | 10,083 |  | $ | (8,104) |  | $ | (437) |  | $ | 1,542 |
Derivatives not subject to master netting agreements | 136 |  | — |  | 136 |  |  |  |
Total derivatives | $ | 10,219 |  | $ | — |  | $ | 10,219 |  |  |  |

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