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DERIVATIVE INSTRUMENTS (Tables)
 9 Months Ended
Sep. 30, 2019
Derivative Instruments and Hedging Activities Disclosure [Abstract]  
Amount and Market Value of Mortgage Banking Derivatives
The following table presents the notional amount and fair value of derivative instruments included in the Consolidated Statements of Financial Condition as of the dates indicated.
 
 
September 30, 2019
 
December 31, 2018
($ in thousands)
 
Notional Amount
 
Fair Value(1)
 
Notional Amount
 
Fair Value(1)
Derivative assets:
 
 
 
 
 
 
 
 
Interest rate swaps and caps on loans
 
$
101,253

 
$
4,773

 
$
103,812

 
$
1,534

Foreign exchange contracts
 
494

 
36

 
—

 
—

Total
 
$
101,747

 
$
4,809

 
$
103,812

 
$
1,534

Derivative liabilities:
 
 
 
 
 
 
 
 
Interest rate swaps and caps on loans
 
$
101,253

 
$
5,198

 
$
103,812

 
1,600

Interest rate swaps on mortgage-backed securities
 
14,469

 
325

 
—

 
—

Foreign exchange contracts
 
494

 
30

 
—

 
—

Total
 
$
116,216

 
$
5,553

 
$
103,812

 
$
1,600


(1)
The fair value of interest rate swaps and cap on loans are included in other assets and accrued expenses and other liabilities, respectively, in the accompanying consolidated balance sheets. The fair value of interest rate swaps on mortgage-backed securities are include in the carrying value of mortgage-backed securities in the accompanying consolidated balance sheets.