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v3.20.2

Derivative Financial Instruments (Tables) | 6 Months Ended
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Jun. 30, 2020
Notes Tables |
Summary of information regarding the Company's derivative financial instruments | ​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
​ |  | June 30, 2020 |  | December 31, 2019
​ | ​ | Notional | ​ | Net Carrying | ​ | Notional | ​ | Net Carrying
​ |  | Amount |  | Value (1) |  | Amount |  | Value (1)
​ | ​ | (In thousands)
Interest rate swaps (fair value hedge) | ​ | $ | — | ​ | $ | — | ​ | $ | 139,960 | ​ | $ | 2,352
Interest rate swaps (non-hedge) | ​ |  | 2,842 | ​ |  | 57 | ​ |  | — | ​ |  | —
Interest rate swaps (fair value hedge) | ​ |  | 321,060 | ​ |  | (36,731) | ​ |  | 186,009 | ​ |  | (7,769)
Interest rate swaps (cash flow hedge) | ​ |  | 1,021,500 | ​ |  | (31,242) | ​ |  | 541,500 | ​ |  | (8,350)
Interest rate swaps (non-hedge) | ​ |  | 20,842 | ​ |  | (7,220) | ​ |  | 18,000 | ​ |  | (3,534)
Total derivatives | ​ | $ | 1,366,244 | ​ | $ | (75,136) | ​ | $ | 885,469 | ​ | $ | (17,301)
(1)Derivatives in a positive position are recorded as “Other assets” and derivatives in a negative position are recorded as “Other liabilities” in the Consolidated Statements of Financial Condition.
Schedule of effect of derivative instruments on the Consolidated Statements of Income | ​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
​ | ​ |  | For the three months ended |  | For the six months ended
​ | ​ | ​ | June 30, | ​ | June 30,
(In thousands) | Affected Line Item in the Statement Where Net income is Presented |  | 2020 |  | 2019 |  | 2020 |  | 2019
Financial Derivatives: | ​ |  | ​ |  |  | ​ |  |  | ​ |  |  | ​ |
​ | Other interest expense | ​ | $ | (101) | ​ | $ | (27) | ​ | $ | (166) | ​ | $ | (49)
​ | Net gain (loss) from fair value adjustments | ​ | ​ | 54 | ​ | ​ | (1,597) | ​ | ​ | (3,810) | ​ | ​ | (2,647)
Interest rate swaps (non-hedge) | ​ | ​ | ​ | (47) | ​ | ​ | (1,624) | ​ | ​ | (3,976) | ​ | ​ | (2,696)
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Interest rate swaps (fair value hedge) | Interest and fees on loans | ​ | ​ | (1,456) | ​ | ​ | (500) | ​ | ​ | (3,705) | ​ | ​ | (792)
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Interest rate swaps (cash flow hedge) | Other interest expense | ​ |  | (1,156) | ​ |  | 451 | ​ |  | (1,546) | ​ | ​ | 1,062
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Net loss | ​ | ​ | $ | (2,659) | ​ | $ | (1,673) | ​ | $ | (9,227) | ​ | $ | (2,426)
Schedule of effect of the master netting arrangements on the presentation of the derivative assets and liabilities in the Consolidated Statements of Condition | ​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
​ | ​ | June 30, 2020
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | Gross Amounts Not Offset in the | ​ | ​ | ​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | Consolidated Statement of | ​ | ​ | ​
​ | ​ | ​ | ​ | ​ | Gross Amount Offset in | ​ | Net Amount of Assets | ​ | Condition | ​ | ​ | ​
​ | ​ | Gross Amount of | ​ | the Statement of | ​ | Presented in the Statement of | ​ | Financial | ​ | Cash Collateral | ​ | ​ | ​
(In thousands) |  | Recognized Assets |  | Condition |  | Condition |  | Instruments |  | Received |  | Net Amount
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ |  | ​ | ​
Interest rate swaps | ​ | $ | 57 | ​ | $ | — | ​ | $ | 57 | ​ | $ | — | ​ | $ | — |  | $ | 57
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | Gross Amounts Not Offset in the | ​ | ​ | ​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | Consolidated Statement of | ​ | ​ | ​
​ | ​ | Gross Amount of | ​ | Gross Amount Offset in | ​ | Net Amount of Liabilities | ​ | Condition | ​ | ​ | ​
​ | ​ | Recognized | ​ | the Statement of | ​ | Presented in the Statement of | ​ | Financial | ​ | Cash Collateral | ​ | ​
(In thousands) |  | Liabilities |  | Condition |  | Condition |  | Instruments |  | Pledged |  | Net Amount
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ |  | ​ | ​
Interest rate swaps | ​ | $ | 75,193 | ​ | $ | — | ​ | $ | 75,193 | ​ | $ | 76,329 | ​ | $ | — |  | $ | (1,136)
​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
​ | ​ | December 31, 2019
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | Gross Amounts Not Offset in the | ​ | ​ | ​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | Consolidated Statement of | ​ | ​ | ​
​ | ​ | ​ | ​ | ​ | Gross Amount Offset in | ​ | Net Amount of Assets | ​ | Condition | ​ | ​ | ​
​ | ​ | Gross Amount of | ​ | the Statement of | ​ | Presented in the Statement of | ​ | Financial | ​ | Cash Collateral | ​ | ​ | ​
(In thousands) |  | Recognized Assets |  | Condition |  | Condition |  | Instruments |  | Received |  | Net Amount
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ |  | ​ | ​
Interest rate swaps | ​ | $ | 2,352 | ​ | $ | — | ​ | $ | 2,352 | ​ | $ | — | ​ | $ | — |  | $ | 2,352
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | Gross Amounts Not Offset in the | ​ | ​ | ​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | Consolidated Statement of | ​ | ​ | ​
​ | ​ | Gross Amount of | ​ | Gross Amount Offset in | ​ | Net Amount of Liabilities | ​ | Condition | ​ | ​ | ​
​ | ​ | Recognized | ​ | the Statement of | ​ | Presented in the Statement of | ​ | Financial | ​ | Cash Collateral | ​ | ​
(In thousands) |  | Liabilities |  | Condition |  | Condition |  | Instruments |  | Pledged |  | Net Amount
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ |  | ​ | ​
Interest rate swaps | ​ | $ | 19,653 | ​ | $ | — | ​ | $ | 19,653 | ​ | $ | 19,265 | ​ | $ | — |  | $ | 388

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- 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/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 815 -SubTopic 10 -Section 50 -Paragraph 4E -URI http://asc.fasb.org/extlink&oid=109980867&loc=SL5624181-113959 Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 815 -SubTopic 10 -Section 50 -Paragraph 4A -Subparagraph (b) -URI http://asc.fasb.org/extlink&oid=109980867&loc=SL5618551-113959 Reference 3: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 815 -SubTopic 10 -Section 50 -Paragraph 4C -URI http://asc.fasb.org/extlink&oid=109980867&loc=SL5624171-113959 + Details
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