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Derivative Instruments and hedging activities (Tables) | 12 Months Ended
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Dec. 31, 2020
Derivative Instruments and Hedging Activities Disclosure |
Schedule of Derivative Instruments in Statement of Financial Position, Fair Value [Table Text Block] |
|  | Notional amount |  | Derivative assets | Derivative liabilities
|  |  |  | Statement of |  | Fair value at | Statement of |  | Fair value at
|  | At December 31, |  | condition |  | December 31, | condition |  | December 31,
(In thousands) |  | 2020 |  | 2019 |  | classification |  | 2020 |  | 2019 | classification |  | 2020 |  | 2019
Derivatives designated as |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
hedging instruments: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Forward contracts | $ | 188,800 | $ | 97,600 |  | Other assets | $ | - | $ | 32 | Other liabilities | $ | 1,267 | $ | 264
Total derivatives designated |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
as hedging instruments | $ | 188,800 | $ | 97,600 |  |  | $ | - | $ | 32 |  | $ | 1,267 | $ | 264
Derivatives not designated |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
as hedging instruments: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Interest rate caps |  | 29,248 |  | 169,962 |  | Other assets |  | - |  | 1 | Other liabilities |  | - |  | 1
Indexed options on deposits |  | 69,054 |  | 69,354 |  | Other assets |  | 20,785 |  | 17,933 | - |  | - |  | -
Bifurcated embedded options |  | 63,121 |  | 66,755 |  | - |  | - |  | - | Interest bearing deposits |  | 17,658 |  | 16,354
Total derivatives not |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
designated as |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
hedging instruments | $ | 161,423 | $ | 306,071 |  |  | $ | 20,785 | $ | 17,934 |  | $ | 17,658 | $ | 16,355
Total derivative assets |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
and liabilities | $ | 350,223 | $ | 403,671 |  |  | $ | 20,785 | $ | 17,966 |  | $ | 18,925 | $ | 16,619
Schedule of Derivative Instruments, Gain (Loss) in Statement of Financial Performance [Table Text Block] |
Year ended December 31, 2020
(In thousands) | Amount of net gain (loss) recognized in OCI on derivatives (effective portion) |  | Classification in the statement of operations of the net gain (loss) reclassified from AOCI into income (effective portion and ineffective portion) |  | Amount of net gain (loss) reclassified from AOCI into income (effective portion) |  | Amount of net gain (loss) recognized in income on derivatives (ineffective portion)
Forward contracts | $ | (6,594) |  | Mortgage banking activities | $ | (5,559) | $ | -
Total | $ | (6,594) |  |  | $ | (5,559) | $ | -
Year ended December 31, 2019
(In thousands) | Amount of net gain (loss) recognized in OCI on derivatives (effective portion) |  | Classification in the statement of operations of the net gain (loss) reclassified from AOCI into income (effective portion and ineffective portion) |  | Amount of net gain (loss) reclassified from AOCI into income (effective portion) |  | Amount of net gain (loss) recognized in income on derivatives (ineffective portion)
Forward contracts | $ | (3,502) |  | Mortgage banking activities | $ | (3,992) | $ | -
Total | $ | (3,502) |  |  | $ | (3,992) | $ | -
Year ended December 31, 2018
(In thousands) | Amount of net gain (loss) recognized in OCI on derivatives (effective portion) |  | Classification in the statement of operations of the net gain (loss) reclassified from AOCI into income (effective portion and ineffective portion) |  | Amount of net gain (loss) reclassified from AOCI into income (effective portion) |  | Amount of net gain (loss) recognized in income on derivatives (ineffective portion)
Forward contracts | $ | 536 |  | Mortgage banking activities | $ | 1,202 | $ | (92)
Total | $ | 536 |  |  | $ | 1,202 | $ | (92)
Schedule of Derivative Instruments Included in Trading Activities [Table Text Block] |
| Amount of Net Gain (Loss) Recognized in Income on Derivatives
|  | Year ended | Year ended | Year ended
| Classification of Net Gain (Loss) | December 31, | December 31, | December 31,
(In thousands) | Recognized in Income on Derivatives | 2020 | 2019 | 2018
Forward contracts | Mortgage banking activities | $ | (5,027) | $ | (2,254) | $ | 1,213
Interest rate caps | Other operating income |  | - |  | (5) |  | (4)
Indexed options on deposits | Interest expense |  | 5,462 |  | 7,898 |  | 114
Bifurcated embedded options | Interest expense |  | (3,417) |  | (6,883) |  | (50)
Total |  | $ | (2,982) | $ | (1,244) | $ | 1,273

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