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DERIVATIVE INSTRUMENTS (Tables)
 12 Months Ended
Dec. 31, 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 other assets and other liabilities on the Consolidated Statements of Financial Condition as of the dates indicated. Note 3 contains further disclosures pertaining to the fair value of derivatives.
 
 
December 31,
 
 
2019
 
2018
($ in thousands)
 
Notional Amount
 
Fair Value (1)
 
Notional Amount
 
Fair Value (1)
Included in assets:
 
 
 
 
 
 
 
 
Interest rate swaps and cap on loans
 
$
70,674

 
$
3,445

 
$
103,812

 
$
1,534

Foreign exchange contracts
 
4,643

 
138

 
—

 
—

Total included in assets
 
$
75,317

 
$
3,583

 
$
103,812

 
$
1,534

Included in liabilities:
 
 
 
 
 
 
 
 
Interest rate swaps and caps on loans
 
$
70,674

 
$
3,717

 
$
103,812

 
$
1,600

Foreign exchange contracts
 
4,643

 
136

 
—

 
—

Total included in liabilities
 
$
75,317

 
$
3,853

 
$
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.