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Derivatives and Hedging Activities (Tables) | 9 Months Ended
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Sep. 30, 2022
Derivative Instruments and Hedging Activities Disclosure [Abstract] |
Schedule of Fair Value Hedging Instruments, Statements of Financial Performance and Financial Position, Location | The following amounts were recorded on the balance sheet related to cumulative basis adjustment for fair value hedges for the periods indicated:
| September 30, 2022 |  | December 31, 2021
| Carrying Amount of the Hedged Assets/(Liabilities) | Cumulative Amount of Fair Value Hedging Adjustment |  | Carrying Amount of the Hedged Assets/(Liabilities) | Cumulative Amount of Fair Value Hedging Adjustment
Available-for-sale securities | $ | — |  | $ | — |  |  | $ | 695.6 |  | $ | (4.4) |
Schedule of Derivatives Instruments Statements of Financial Performance and Financial Position, Location | The following table summarizes the fair values of our derivative instruments on a gross and net basis for the periods indicated. The derivative asset and liability balances are presented on a gross basis, prior to the application of bilateral collateral and master netting agreements, but after the variation margin payments with central clearing organizations have been applied as settlement, as applicable. Total derivative assets and liabilities are adjusted to take into account the impact of legally enforceable master netting agreements that allow us to settle all derivative contracts with a single counterparty on a net basis and to offset the net derivative position with the related cash collateral. Securities collateral related to legally enforceable master netting agreements is not offset on the balance sheet.
| September 30, 2022 |  | December 31, 2021
| Notional Amount | Balance Sheet Location | Estimated Fair Value |  | Notional Amount | Balance Sheet Location | Estimated Fair Value
Derivatives designated as hedges: |  |  |  |  |  |  |
Interest rate swap contracts | — |  |  | — |  |  | 700.0 |  |  | 4.1 |
Derivatives not designated as hedges: |  |  |  |  |  |  |
Interest rate swap contracts | 1,743.3 |  |  | 42.1 |  |  | 913.9 |  |  | 22.2 |
Interest rate lock commitments | — |  |  | — |  |  | 77.3 |  |  | 1.8 |
Forward loan sales contracts | 32.3 |  |  | 0.6 |  |  | — |  |  | — |
Derivative assets in the balance sheet | $ | 1,775.6 |  | Other Assets | $ | 42.7 |  |  | $ | 1,691.2 |  | Other Assets | $ | 28.1 |
Derivatives designated as hedges: |  |  |  |  |  |  |
Interest rate collars | $ | 300.0 |  |  | $ | 5.6 |  |  | $ | — |  |  | $ | — |
Interest rate swap contracts | — |  |  | — |  |  | 87.6 |  |  | 0.1 |
Derivatives not designated as hedges: |  |  |  |  |  |  |
Interest rate swap contracts | 1,743.3 |  |  | 163.7 |  |  | 913.9 |  |  | 18.1 |
Risk participation agreements | 107.2 |  |  | 0.1 |  |  | — |  |  | — |
Interest rate lock commitments | 25.9 |  |  | 0.5 |  |  | — |  |  | — |
Forward loan sales contracts | — |  |  | — |  |  | 102.4 |  |  | — |
Derivative liabilities in the balance sheet | $ | 2,176.4 |  | Accrued Expenses | $ | 169.9 |  |  | $ | 1,103.9 |  | Accrued Expenses | $ | 18.2 |
Derivatives Not Designated as Hedging Instruments | The table below presents the effect of the Company’s derivative financial instruments that are not designated as hedging instruments on the income statement for the periods indicated:
| Three Months Ended September 30, |  | Nine Months Ended September 30,
|  | 2022 | 2021 |  |  | 2022 | 2021
| Location of (Loss) Gain Recognized in Income on Derivative | Amount of (Loss) Gain Recognized in Income on Derivative |  | Location of (Loss) Gain Recognized in Income on Derivative | Amount of (Loss) Gain Recognized in Income on Derivative
Interest rate lock commitments | Mortgage banking revenues | $ | (0.2) |  | $ | 1.3 |  |  | Mortgage banking revenues | $ | (1.7) |  | $ | 1.7 |
Schedule of Derivative Instruments | The tables below present the gross presentation, the effects of offsetting, and a net presentation of the Company’s derivatives as of the periods indicated:
| September 30, 2022
| Gross Assets Recognized |  | Gross Assets Offset in the Balance Sheet |  | Net Assets in the Balance Sheet |  | Financial Instruments |  | Cash Collateral Received (1) |  | Net Amount
Interest rate swap contracts | $ | 42.1 |  |  | $ | — |  |  | $ | 42.1 |  |  | $ | — |  |  | $ | 42.1 |  |  | $ | — |
Mortgage related derivatives | 0.6 |  |  | — |  |  | 0.6 |  |  | — |  |  | — |  |  | 0.6 |
Total derivatives | 42.7 |  |  | — |  |  | 42.7 |  |  | — |  |  | 42.1 |  |  | 0.6 |
Total assets | $ | 42.7 |  |  | $ | — |  |  | $ | 42.7 |  |  | $ | — |  |  | $ | 42.1 |  |  | $ | 0.6 |
(1) Netting adjustments represent the amounts recorded to convert derivatives assets and liabilities from a gross basis to a net basis in accordance with the applicable accounting guidance. The application of the collateral cannot reduce the net derivative position below zero. Therefore, excess collateral, if any, is not reflected above.
| Gross Liabilities Recognized |  | Gross Liabilities Offset in the Balance Sheet |  | Net Liabilities in the Balance Sheet |  | Financial Instruments |  | Cash Collateral Posted |  | Net Amount
Interest rate swap and collar contracts | $ | 169.3 |  |  | $ | — |  |  | $ | 169.3 |  |  | $ | — |  |  | $ | 5.6 |  |  | $ | 163.7 |
Risk participation agreements | 0.1 |  |  | — |  |  | 0.1 |  |  | — |  |  | — |  |  | 0.1 |
Mortgage related derivatives | 0.5 |  |  | — |  |  | 0.5 |  |  | — |  |  | — |  |  | 0.5 |
Total derivatives | 169.9 |  |  | — |  |  | 169.9 |  |  | — |  |  | 5.6 |  |  | 164.3 |
Repurchase agreements | 1,075.6 |  |  | — |  |  | 1,075.6 |  |  | — |  |  | 1,075.6 |  |  | — |
Total liabilities | $ | 1,245.5 |  |  | $ | — |  |  | $ | 1,245.5 |  |  | $ | — |  |  | $ | 1,081.2 |  |  | $ | 164.3 |
| December 31, 2021
| Gross Assets Recognized |  | Gross Assets Offset in the Balance Sheet |  | Net Assets in the Balance Sheet |  | Financial Instruments |  | Cash Collateral Received |  | Net Amount
Interest rate swap contracts | $ | 26.3 |  |  | $ | — |  |  | $ | 26.3 |  |  | $ | — |  |  | $ | 8.0 |  |  | $ | 18.3 |
Mortgage related derivatives | 1.8 |  |  | — |  |  | 1.8 |  |  | — |  |  | — |  |  | 1.8 |
Total derivatives | 28.1 |  |  | — |  |  | 28.1 |  |  | — |  |  | 8.0 |  |  | 20.1 |
Total assets | $ | 28.1 |  |  | $ | — |  |  | $ | 28.1 |  |  | $ | — |  |  | $ | 8.0 |  |  | $ | 20.1 |
| Gross Liabilities Recognized |  | Gross Liabilities Offset in the Balance Sheet |  | Net Liabilities in the Balance Sheet |  | Financial Instruments |  | Cash Collateral Posted |  | Net Amount
Interest rate swap contracts | $ | 18.2 |  |  | $ | — |  |  | $ | 18.2 |  |  | $ | — |  |  | $ | — |  |  | $ | 18.2 |
Total derivatives | 18.2 |  |  | — |  |  | 18.2 |  |  | — |  |  | — |  |  | 18.2 |
Repurchase agreements | 1,051.1 |  |  | — |  |  | 1,051.1 |  |  | — |  |  | 1,051.1 |  |  | — |
Total liabilities | $ | 1,069.3 |  |  | $ | — |  |  | $ | 1,069.3 |  |  | $ | — |  |  | $ | 1,051.1 |  |  | $ | 18.2 |

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