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DERIVATIVES AND HEDGING ACTIVITIES (Tables)
 12 Months Ended
Dec. 31, 2022
Derivative Instruments and Hedging Activities Disclosure [Abstract]  
Details of derivative positions for interest rate swaps which qualify as hedges for accounting purposes
The following tables reflect information about the Company’s derivative positions at the dates indicated below for interest rate swaps which qualify as cash flow hedges for accounting purposes:
December 31, 2022
Weighted Average Rate
Notional AmountAverage MaturityCurrent Rate PaidReceive Fixed
Swap Rate		Fair Value
(in thousands)(in years)(in thousands)
Interest rate swaps on loans $1,050,000 2.974.24 %2.66 %$(42,005)
Current Rate PaidReceive Fixed Swap Rate
Cap - Floor
Interest rate collars on loans 400,000 2.274.22 %
3.09% - 2.19%
(10,239)
Total$1,450,000 $(52,244)
December 31, 2021
Weighted Average Rate
Notional AmountAverage MaturityCurrent
Rate
Received		Pay Fixed
Swap Rate		Fair Value
(in thousands)(in years)(in thousands)
Interest rate swaps on borrowings$25,000 0.620.16 %1.88 %$(294)
Current Rate PaidReceive Fixed
Swap Rate
Interest rate swaps on loans 550,000 2.580.11 %2.16 %11,830 
Current Rate PaidReceive Fixed Swap Rate
Cap - Floor
Interest rate collars on loans 400,000 1.660.11 %
2.73% - 2.20%
9,383 
Total$975,000 $20,919 
Summary of customer related derivative positions, not designated as hedging
The following tables reflect the Company’s customer related derivative positions at the dates indicated below for those derivatives not designated as hedging:
 Number of
Positions (1)		Notional Amount Maturing 
  Less than 1 yearLess than 2 yearsLess than 3 yearsLess than 4 yearsThereafterTotalFair Value
December 31, 2022
 (Dollars in thousands)
Loan level swaps
Receive fixed, pay variable283 $80,531 $96,613 $256,924 $193,096 $1,016,312 $1,643,476 $(118,930)
Pay fixed, receive variable283 80,531 96,613 256,924 193,096 1,016,312 1,643,476 118,928 
Foreign exchange contracts
Buys foreign currency, sells U.S. currency49 124,982 13,363 — — — 138,345 306 
Buys U.S. currency, sells foreign currency49 124,982 13,363 — — — 138,345 (232)
Risk participation agreements
Participation out13 2,595 — 24,538 — 95,514 122,647 161 
Participation in6 27,365 — — — 25,849 53,214 (15)
Number of
Positions (1)		Notional Amount Maturing
Less than 1 yearLess than 2 yearsLess than 3 yearsLess than 4 yearsThereafterTotalFair Value
December 31, 2021
(Dollars in thousands)
Loan level swaps
Receive fixed, pay variable296 $37,589 $139,844 $123,507 $260,953 $1,060,276 $1,622,169 $55,984 
Pay fixed, receive variable296 37,589 139,844 123,507 260,953 1,060,276 1,622,169 (55,982)
Foreign exchange contracts
Buys foreign currency, sells U.S. currency52 149,588 8,784 — — — 158,372 5,734 
Buys U.S. currency, sells foreign currency52 149,588 8,784 — — — 158,372 (5,734)
Risk participation agreements
Participation out11 — 2,635 7,138 24,539 68,408 102,720 279 
Participation in7 29,972 28,235 — — 8,339 66,546 (55)
(1)     The Company may enter into one dealer swap agreement which offsets multiple commercial borrower swap agreements.
Fair value of derivative financial instruments as well as their classification on the balance sheet
 Asset Derivatives (1)Liability Derivatives (2)
Fair Value atFair Value atFair Value atFair Value at
 December 31, 2022December 31, 2021December 31, 2022December 31, 2021
 (Dollars in thousands)
Derivatives designated as hedges
Interest rate derivatives$— (3)$21,951 (3)$52,244 (4)$1,032 (4)
Derivatives not designated as hedges
Customer Related Positions:
Loan level derivatives123,372 (3)68,726 (3)123,374 (4)68,724 (4)
Foreign exchange contracts4,352 6,147 4,278 6,147 
Risk participation agreements161 279 15 55 
Mortgage Derivatives
Interest rate lock commitments43 753 — — 
Forward sale loan commitments30 56 — — 
Forward sale hedge commitments— — — 57 
Total derivatives not designated as hedges127,958 75,961 127,667 74,983 
Total127,958 97,912 179,911 76,015 
Netting Adjustments (5)(57,784)(5,727)33,245 6,769 
Net Derivatives on the Balance Sheet70,174 92,185 146,666 69,246 
Financial instruments (6)20,019 22,378 20,019 22,378 
Cash collateral pledged (received)— — — 33,838 
Net Derivative Amounts$50,155 $69,807 $126,647 $13,030 

(1)All asset derivatives are located in other assets on the balance sheet.
(2)All liability derivatives are located in other liabilities on the balance sheet.
(3)Approximately $2.2 million of accrued interest receivable is included in the fair value of the loan level asset derivatives at December 31, 2022, in comparison to accrued interest receivable of approximately $1.2 million and $1.5 million included in the fair value of interest rate and loan level derivative assets, respectively, at December 31, 2021.
(4)Approximately $1.3 million and $2.2 million of accrued interest payable is included in the fair value of interest rate and loan level derivative liabilities, respectively, at December 31, 2022, in comparison to accrued interest payable of approximately $5,000 and $1.5 million, respectively, at December 31, 2021.
(5)Netting adjustments represent the amounts recorded to convert derivative assets and liabilities cleared through CME from a gross basis to a net basis, inclusive of the variation margin payments, in accordance with applicable accounting guidance. As displayed in the table above, derivatives that cleared through the CME were either in a net asset position or a net liability position as of December 31, 2022 and 2021.
(6)Reflects offsetting derivative positions with the same counterparty that are not netted on the balance sheet.
Effect of derivative financial instruments included in OCI and current earnings
The table below presents the effect of the Company’s derivative financial instruments included in OCI and current earnings for the periods indicated:    
 Years Ended December 31
 202220212020
 (Dollars in thousands)
Derivatives designated as hedges
(Loss) gain in OCI on derivatives (effective portion), net of tax$(50,767)$(19,139)$16,797 
Gain reclassified from OCI into interest income or interest expense (effective portion)$5,054 $18,691 $14,306 
Loss reclassified from OCI into noninterest expense (loss on termination)$— $— $(684)
Derivatives not designated as hedges
Changes in fair value of customer related positions
Other income$260 $217 $90 
Other expenses(268)(405)(199)
Changes in fair value of mortgage derivatives
Mortgage banking income(679)(4,725)4,005 
Total$(687)$(4,913)$3,896