XML 55 R36.htm IDEA: XBRL DOCUMENT
v3.8.0.1

Derivative Financial Instruments (Tables) | 12 Months Ended
--- | ---
Dec. 31, 2017
Derivative Instruments and Hedging Activities Disclosure [Abstract] |
Summary of Notion Amoutns and Fair Values of Derivative Financial Instruments | The following table presents the notional amounts and fair values of derivative financial instruments as of December 31:
| 2017 |  | 2016
| Notional Amount |  | Asset (Liability) Fair Value |  | Notional Amount |  | Asset (Liability) Fair Value
| (in thousands)
Interest Rate Locks with Customers |  |  |  |  |  |  |
Positive fair values | $ | 129,469 |  |  | $ | 1,059 |  |  | $ | 87,119 |  |  | $ | 863 |
Negative fair values | 8,957 |  |  | (59 | ) |  | 18,239 |  |  | (227 | )
Net interest rate locks with customers |  |  | 1,000 |  |  |  |  | 636 |
Forward Commitments |  |  |  |  |  |  |
Positive fair values | 3,856 |  |  | 34 |  |  | 70,031 |  |  | 2,223 |
Negative fair values | 100,808 |  |  | (213 | ) |  | 19,964 |  |  | (112 | )
Net forward commitments |  |  | (179 | ) |  |  |  | 2,111 |
Interest Rate Swaps with Customers |  |  |  |  |  |  |
Positive fair values | 1,316,548 |  |  | 24,505 |  |  | 876,744 |  |  | 24,397 |
Negative fair values | 716,634 |  |  | (18,978 | ) |  | 583,060 |  |  | (16,998 | )
Net interest rate swaps with customers |  |  | 5,527 |  |  |  |  | 7,399 |
Interest Rate Swaps with Dealer Counterparties |  |  |  |  |  |  |
Positive fair values(1) (3) | 716,634 |  |  | 18,941 |  |  | 583,060 |  |  | 16,998 |
Negative fair values(2) (3) | 1,316,548 |  |  | (19,764 | ) |  | 876,744 |  |  | (24,397 | )
Net interest rate swaps with dealer counterparties |  |  | (823 | ) |  |  |  | (7,399 | )
Foreign Exchange Contracts with Customers |  |  |  |  |  |  |
Positive fair values | 4,852 |  |  | 276 |  |  | 11,674 |  |  | 504 |
Negative fair values | 5,914 |  |  | (119 | ) |  | 4,659 |  |  | (221 | )
Net foreign exchange contracts with customers |  |  | 157 |  |  |  |  | 283 |
Foreign Exchange Contracts with Correspondent Banks |  |  |  |  |  |  |
Positive fair values | 7,960 |  |  | 184 |  |  | 7,040 |  |  | 241 |
Negative fair values | 6,048 |  |  | (255 | ) |  | 12,869 |  |  | (447 | )
Net foreign exchange contracts with correspondent banks |  |  | (71 | ) |  |  |  | (206 | )
Net derivative fair value asset |  |  | $ | 5,611 |  |  |  |  | $ | 2,824 |
(1) Includes centrally cleared interest rate swaps with a notional amount of $24.4 million and a fair value of $0 as of December 31, 2017. (2) Includes centrally cleared interest rate swaps with a notional amount of $377.1 million and a fair value of $0 as of December 31, 2017. (3) The variation margin posted as collateral on centrally cleared interest rate swaps, which represents the fair value of such swaps, is legally characterized as settlements of the outstanding derivative contracts instead of cash collateral. Accordingly, the fair values of centrally cleared interest rate swaps were offset by variation margins totaling $4.6 million as of December 31, 2017, reducing the fair value of such swaps to $0. There were no centrally cleared interest rate swaps as of December 31, 2016.
Summary of Fair Value Gains and Losses on Derivative Financial Instruments | The following table presents the fair value gains and losses on derivative financial instruments for the years ended December 31:
| 2017 |  | 2016 |  | 2015 |  | Statement of Income Classification
| (in thousands) |  |
Interest rate locks with customers | $ | 364 |  |  | $ | (639 | ) |  | $ | (110 | ) |  | Mortgage banking income
Forward commitments | (2,290 | ) |  | 1,930 |  |  | 1,345 |  |  | Mortgage banking income
Interest rate swaps with customers (1) | (1,872 | ) |  | (25,461 | ) |  | 13,342 |  |  | Other non-interest expense
Interest rate swaps with counterparties (1) | 6,576 |  |  | 25,461 |  |  | (13,342 | ) |  | Other non-interest expense
Foreign exchange contracts with customers | (126 | ) |  | 353 |  |  | (439 | ) |  | Other service charges and fees
Foreign exchange contracts with correspondent banks | 135 |  |  | (487 | ) |  | 711 |  |  | Other service charges and fees
Net fair value gains on derivative financial instruments | $ | 2,787 |  |  | $ | 1,157 |  |  | $ | 1,507 |  |  |
Fair Value, Option, Qualitative Disclosures Related to Election | The Corporation has elected to record mortgage loans held for sale at fair value. The following table presents a summary of mortgage loans held for sale and the impact of the fair value election on the consolidated financial statements as of and for the years ended December 31, 2017 and 2016:
| Cost (1) |  | Fair Value |  | Balance Sheet Classification |  | Fair Value Gain (Loss) |  | Statement of Income Classification
| (in thousands)
December 31, 2017: |  |  |  |  |  |  |  |  |
Mortgage loans held for sale | $ | 31,069 |  |  | $ | 31,530 |  |  | Loans held for sale |  | $ | 472 |  |  | Mortgage banking income
December 31, 2016: |  |  |  |  |  |  |  |  |
Mortgage loans held for sale | 28,708 |  |  | 28,697 |  |  | Loans held for sale |  | (313 | ) |  | Mortgage banking income
(1) | Cost basis of mortgage loans held for sale represents the unpaid principal balance.
Offsetting Assets and Liabilities | The following table presents the financial instruments that are eligible for offset, and the effects of offsetting, on the consolidated balance sheets as of December 31:
| Gross Amounts |  | Gross Amounts Not Offset |  |
| Recognized |  | on the Consolidated |  |
| on the |  | Balance Sheets |  |
| Consolidated |  | Financial |  | Cash |  | Net
| Balance Sheets |  | Instruments (1) |  | Collateral (2) |  | Amount
| (in thousands)
2017 |  |  |  |  |  |  |
Interest rate swap derivative assets | $ | 43,446 |  |  | $ | (16,844 | ) |  | $ | — |  |  | $ | 26,602 |
Foreign exchange derivative assets with correspondent banks | 184 |  |  | (184 | ) |  | — |  |  | — |
Total | $ | 43,630 |  |  | $ | (17,028 | ) |  | $ | — |  |  | $ | 26,602 |
Interest rate swap derivative liabilities | $ | 38,742 |  |  | $ | (16,844 | ) |  | $ | (6,588 | ) |  | $ | 15,310 |
Foreign exchange derivative liabilities with correspondent banks | 255 |  |  | (184 | ) |  | — |  |  | 71 |
Total | $ | 38,997 |  |  | $ | (17,028 | ) |  | $ | (6,588 | ) |  | $ | 15,381 |
2016 |  |  |  |  |  |  |
Interest rate swap derivative assets | $ | 41,395 |  |  | $ | (15,117 | ) |  | $ | — |  |  | $ | 26,278 |
Foreign exchange derivative assets with correspondent banks | 241 |  |  | (241 | ) |  | — |  |  | — |
Total | $ | 41,636 |  |  | $ | (15,358 | ) |  | $ | — |  |  | $ | 26,278 |
Interest rate swap derivative liabilities | $ | 41,395 |  |  | $ | (15,117 | ) |  | $ | (4,010 | ) |  | $ | 22,268 |
Foreign exchange derivative liabilities with correspondent banks | 447 |  |  | (241 | ) |  | (206 | ) |  | — |
Total | $ | 41,842 |  |  | $ | (15,358 | ) |  | $ | (4,216 | ) |  | $ | 22,268 |
(1) | For interest rate swap assets, amounts represent any derivative liability fair values that could be offset in the event of counterparty or customer default. For interest rate swap liabilities, amounts represent any derivative asset fair values that could be offset in the event of counterparty or customer default.
(2) | Amounts represent cash collateral (posted by the Corporation) or received from the counterparty on interest rate swap transactions and foreign exchange contracts with financial institution counterparties. Interest rate swaps with customers are collateralized by the same collateral securing the underlying loans to those borrowers. Cash and securities collateral amounts are included in the table only to the extent of the net derivative fair values.

X
- Definition Offsetting Assets and Liabilities [Table Text Block] + References No definition available. + Details
Name: | fult_OffsettingAssetsandLiabilitiesTableTextBlock
Namespace Prefix: | fult_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- References No definition available. + Details
Name: | us-gaap_DerivativeInstrumentsAndHedgingActivitiesDisclosureAbstract
Namespace Prefix: | us-gaap_
Data Type: | xbrli:stringItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of the application of the fair value option for measurement and reporting of eligible financial assets and liabilities (as defined), as well as certain other eligible items (as defined) included in the statement of financial position, whether such option is elected for a single eligible item or a group of similar eligible items and is in addition to other disclosures concerning fair value which the company may be required to provide. Such disclosure might be expected to include: (1) for items included in the statement of financial position: (a) the reasons for electing a fair value option for each eligible item or group of similar eligible items and (b) if the fair value option is elected for some but not all eligible items within a group of similar eligible items: (i) a description of those similar items and the reasons for partial election and (ii) information of how the group of similar items relates to individual balance sheet line items; (c) for each line item in the statement of financial position that includes an item or items for which the fair value option has been elected, information of how each line item in the statement of financial position relates to major categories of assets and liabilities presented in accordance with other fair value disclosures; (2) for items included in the income statement: (a) a description of how interest and dividends are measured and where they are reported in the income statement; (b) how the gains or losses attributable to changes in instrument-specific credit risk were determined; (c) for liabilities with fair values that have been significantly affected during the reporting period by changes in the instrument-specific credit risk: (i) qualitative information about the reasons for the changes and (ii) how the gains and losses attributable to changes in instrument-specific credit risk were determined; and (3) certain other disclosures as required or determined to be provided. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 825 -SubTopic 10 -Section 50 -Paragraph 31 -URI http://asc.fasb.org/extlink&oid=75031198&loc=d3e14210-108612 Reference 2: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 825 -SubTopic 10 -Section 50 -Paragraph 32 -Subparagraph (a) -URI http://asc.fasb.org/extlink&oid=75031198&loc=d3e14217-108612 Reference 3: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 825 -SubTopic 10 -Section 50 -Paragraph 28 -Subparagraph (a),(b),(c)(1) -URI http://asc.fasb.org/extlink&oid=75031198&loc=d3e14064-108612 Reference 4: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 825 -SubTopic 10 -Section 50 -Paragraph 30 -Subparagraph (b),(c)(2),(d)(2)-(3) -URI http://asc.fasb.org/extlink&oid=75031198&loc=d3e14172-108612 + Details
Name: | us-gaap_FairValueOptionQualitativeDisclosuresRelatedToElectionTextBlock
Namespace Prefix: | us-gaap_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of the location and amount of derivative instruments and nonderivative instruments designated as hedging instruments reported before netting adjustments, and the amount of gain (loss) on derivative instruments and nonderivative instruments designated and qualified as hedging instruments. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 815 -SubTopic 10 -Section 50 -Paragraph 4C -URI http://asc.fasb.org/extlink&oid=84234895&loc=SL5624171-113959 Reference 2: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 815 -SubTopic 10 -Section 50 -Paragraph 4A -Subparagraph (b) -URI http://asc.fasb.org/extlink&oid=84234895&loc=SL5618551-113959 + Details
Name: | us-gaap_ScheduleOfDerivativeInstrumentsGainLossInStatementOfFinancialPerformanceTextBlock
Namespace Prefix: | us-gaap_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of the location and fair value amounts of derivative instruments (and nonderivative instruments that are designated and qualify as hedging instruments) reported in the statement of financial position. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 815 -SubTopic 10 -Section 50 -Paragraph 4B -URI http://asc.fasb.org/extlink&oid=84234895&loc=SL5624163-113959 + Details
Name: | us-gaap_ScheduleOfDerivativeInstrumentsInStatementOfFinancialPositionFairValueTextBlock
Namespace Prefix: | us-gaap_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration