XML 69 R52.htm IDEA: XBRL DOCUMENT v3.20.4

Derivative and Hedging Activities (Tables)

12 Months Ended

Dec. 31, 2020

Derivative Instruments and Hedging Activities Disclosure [Abstract]

Schedule of Derivative Instruments in Statement of Financial Position, Fair Value

The table below presents the fair value of the Company’s derivative financial instruments as well as their classification on the Consolidated Statements of Financial Condition as of December 31, 2020 and 2019 (in thousands):

						At December 31, 2020
						Asset Derivatives												Liability Derivatives
						Consolidated Statements of Financial Condition						Fair Value						Consolidated Statements of Financial Condition						Fair Value
Derivatives not designated as hedging instruments:
Interest rate products						Other assets						$	107,652					Other liabilities						$	109,148
Credit contracts						Other assets						97						Other liabilities						—
Total derivatives not designated as hedging instruments												$	107,749											$	109,148
Derivatives designated as hedging instruments:
Interest rate products						Other assets						$	(6,671)					Other liabilities						$	—
Total derivatives designated as hedging instruments												$	(6,671)											$	—

						At December 31, 2019
						Asset Derivatives												Liability Derivatives
						Consolidated Statements of Financial Condition						Fair Value						Consolidated Statements of Financial Condition						Fair Value
Derivatives not designated as hedging instruments:
Interest rate products						Other assets						$	38,830					Other liabilities						$	39,356
Credit contracts						Other assets						47						Other liabilities						—
Total derivatives not designated as hedging instruments												$	38,877											$	39,356
Derivatives designated as hedging instruments:
Interest rate products						Other assets						$	428					Other liabilities						$	—
Total derivatives designated as hedging instruments												$	428											$	—

Derivative Instruments, Gain (Loss)

The table below presents the effect of the Company’s derivative financial instruments on the Consolidated Statements of Income for the years ended December 31, 2020, 2019 and 2018 (in thousands).

												Gain (loss) recognized in Income on derivatives
												For the Year Ended December 31,
						Consolidated Statements of Income						2020						2019						2018
Derivatives not designated as a hedging instruments:
Interest rate products						Other income						$	(950)					(64)						(414)
Credit contracts						Other income						30						(53)						63
Total derivatives not designated as hedging instruments												$	(920)					(117)						(351)
Derivatives designated as a hedging instruments:												Loss (gain) recognized in Expense on derivatives
Interest rate products						Interest expense						$	1,741					(624)						312
Total derivatives designated as a hedging instruments												$	1,741					(624)						312

X

- References

No definition available.

+ Details

Name:	us-gaap_DerivativeInstrumentsAndHedgingActivitiesDisclosureAbstract
Namespace Prefix:	us-gaap_
Data Type:	xbrli:stringItemType
Balance Type:	na
Period Type:	duration

X

- 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=121590274&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=121590274&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=121590274&loc=SL5624171-113959

+ Details

Name:	us-gaap_ScheduleOfDerivativeInstrumentsGainLossInStatementOfFinancialPerformanceTextBlock
Namespace Prefix:	us-gaap_
Data Type:	nonnum:textBlockItemType
Balance Type:	na
Period Type:	duration

X

- Definition

Tabular disclosure of the location and fair value amounts of derivative instruments (and nonderivative instruments that are designated and qualify as hedging instruments) reported in the statement of financial position.

+ References

Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 815
-SubTopic 10
-Section 50
-Paragraph 4B
-URI http://asc.fasb.org/extlink&oid=121590274&loc=SL5624163-113959

+ Details

Name:	us-gaap_ScheduleOfDerivativeInstrumentsInStatementOfFinancialPositionFairValueTextBlock
Namespace Prefix:	us-gaap_
Data Type:	nonnum:textBlockItemType
Balance Type:	na
Period Type:	duration