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DERIVATIVES (Tables) | 12 Months Ended
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Dec. 31, 2023
Derivative Instruments and Hedging Activities Disclosure [Abstract] |
Derivative Instruments, Gain (Loss) [Table Text Block] | The effect of derivative instruments in cash flow hedging relationships on the Consolidated Statements of Income were as follows:
|  |  |  | Twelve months ended
(Dollars in thousands) |  |  |  | December 31, 2023 |  |
Derivatives in Cash Flow Hedging Relationship |  | Location of Gain or (Loss) Reclassified from AOCI into income |  | Gain (loss) recognized in AOCI on Derivatives |  | Gain (loss) reclassified in AOCI on Derivatives
Interest rate contracts |  | Interest income/(expense) |  | $ | (3,755) |  |  |  |  | $ | 237 |  |  |
Summary of Derivative Financial Instruments and Balances | The following table details the classification and amounts of interest rate derivatives, foreign exchange contracts and cash flow hedges recognized in the Consolidated Balance Sheets:
|  |  |  | December 31, 2023 |  | December 31, 2022
|  |  |  |  |  | Estimated fair value |  |  |  | Estimated fair value
(Dollars in thousands) |  |  |  | Notional amount |  | Gain (1) |  | Loss (2) |  | Notional amount |  | Gain (1) |  | Loss (2)
Derivatives not designated as qualifying hedging instruments |  |  |  |  |  |  |  |  |  |  |  |
Client derivatives-instruments associated with loans (3) |  |  |  |  |  |  |  |  |  |  |  |
Matched interest rate swaps with borrower |  |  |  | $ | 2,172,714 |  |  | $ | 13,232 |  |  | $ | (104,343) |  |  | $ | 2,206,351 |  |  | $ | 5,057 |  |  | $ | (147,759) |
Matched interest rate swaps with counterparty |  |  |  | 2,172,714 |  |  | 104,092 |  |  | (13,232) |  |  | 2,206,351 |  |  | 147,759 |  |  | (5,057) |
Foreign exchange contracts (4) |  |  |  |  |  |  |  |  |  |  |  |  |  |
Matched foreign exchange contracts with customers |  |  |  | 7,021,569 |  |  | 84,731 |  |  | (60,825) |  |  | 7,734,395 |  |  | 111,078 |  |  | (93,804) |
Matched foreign exchange contracts with counterparty |  |  |  | 6,972,870 |  |  | 60,825 |  |  | (84,731) |  |  | 7,681,006 |  |  | 93,804 |  |  | (111,078) |
Derivatives not designated as qualifying hedging instruments |  | 18,339,867 |  |  | 262,880 |  |  | (263,131) |  |  | 19,828,103 |  |  | 357,698 |  |  | (357,698) |
Derivatives designated as qualifying hedging instruments |  |  |  |  |  |  |  |  |  |  |  |
Cash flow hedges (5) |  |  |  |  |  |  |  |  |  |  |  |  |  |
Interest rate collars and floors on loan pools |  |  |  | 1,000,000 |  |  | 0 |  |  | (6,896) |  |  | 0 |  |  | 0 |  |  | 0 |
Total derivatives designated as qualifying hedging instruments |  |  |  | 1,000,000 |  |  | 0 |  |  | (6,896) |  |  | 0 |  |  | 0 |  |  | 0 |
Total |  |  |  | $ | 19,339,867 |  |  | $ | 262,880 |  |  | $ | (270,027) |  |  | $ | 19,828,103 |  |  | $ | 357,698 |  |  | $ | (357,698) |
(1) Derivative assets are included in Accrued interest and other assets in the Consolidated Balance Sheets. (2) Derivative liabilities are included in Accrued interest and other liabilities in the Consolidated Balance Sheets. (3) Changes in fair value are included in Client derivative fees in the Consolidated Statements of Income. (4) Changes in fair value are included in Foreign exchange income in the Consolidated Statements of Income. (5) Changes in fair value are included in Accumulated comprehensive income in the Consolidated Balance sheets.
Disclosure by Type of Financial Instrument [Table Text Block] | The following table discloses the gross and net amounts of client derivatives and foreign exchange contracts recognized in the Consolidated Balance Sheets:
|  | December 31, 2023 |  | December 31, 2022
(Dollars in thousands) |  | Gross amounts of recognized liabilities |  | Gross amounts offset in the Consolidated Balance Sheets |  | Net amounts of (assets)/liabilities presented in the Consolidated Balance Sheets |  | Gross amounts of recognized liabilities |  | Gross amounts offset in the Consolidated Balance Sheets |  | Net amounts of (assets)/liabilities presented in the Consolidated Balance Sheets
Client derivatives |  |  |  |  |  |  |  |  |  |  |  |
Matched interest rate swaps |  | $ | 117,324 |  |  | $ | (270,678) |  |  | $ | (153,354) |  |  | $ | 152,816 |  |  | $ | (314,048) |  |  | $ | (161,232) |
Foreign exchange contracts with counterparty |  | 145,556 |  |  | (55,959) |  |  | 89,597 |  |  | 204,882 |  |  | (101,945) |  |  | 102,937 |
Cash flow hedges |  | (6,896) |  |  | 4,886 |  |  | (2,010) |  |  | 0 |  |  | 0 |  |  | 0 |
Total |  | $ | 255,984 |  |  | $ | (321,751) |  |  | $ | (65,767) |  |  | $ | 357,698 |  |  | $ | (415,993) |  |  | $ | (58,295) |
Derivative Financial Instruments, Average Remaining Maturity and the Weighted-Average Interest Rates being Paid and Received | The following table details the derivative financial instruments and the average remaining maturities at December 31, 2023:
(Dollars in thousands) |  | Notional amount |  | Average maturity (years) |  | Fair value |  |  |  |
Interest rate contracts |  |  |  |  |  |  |  |  |  |
Receive fixed, matched interest rate swaps with borrower |  | $ | 2,172,714 |  |  | 4.7 |  | $ | (91,111) |  |  |  |  |
Pay fixed, matched interest rate swaps with counterparty |  | 2,172,714 |  |  | 4.7 |  | 90,860 |  |  |  |  |
Foreign exchange contracts |  |  |  |  |  |  |  |  |  |
Foreign exchange contracts - pay USD |  | 7,021,569 |  |  | 0.6 |  | 23,906 |  |  |  |  |
Foreign exchange contracts - receive USD |  | 6,972,870 |  |  | 0.6 |  | (23,906) |  |  |  |  |
Total client derivatives |  | 18,339,867 |  |  | 1.6 |  | (251) |  |  |  |  |
Cash flow hedges |  |  |  |  |  |  |  |  |  |
Interest rate collars and floors on loan pools |  | 1,000,000 |  |  | 3.5 |  | (6,896) |  |  |  |  |
Total cash flow hedges |  | 1,000,000 |  |  | 3.5 |  | (6,896) |  |  |  |  |
Total client derivatives |  | $ | 19,339,867 |  |  | 1.7 |  | $ | (7,147) |  |  |  |  |

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