XML 75 R48.htm IDEA: XBRL DOCUMENT
v3.10.0.1

Derivative Instruments and Hedging Activities (Tables) | 12 Months Ended
--- | ---
Dec. 31, 2018
Derivative Instruments and Hedging Activities Disclosure [Abstract] |
Fair Value of Derivative Financial Instruments | The following table presents the fair value of Customers’ derivative financial instruments as well as their presentation on the consolidated balance sheets at December 31, 2018 and 2017.
|  | December 31, 2018
|  | Derivative Assets |  | Derivative Liabilities
|  | Balance Sheet Location |  | Fair Value |  | Balance Sheet Location |  | Fair Value
(amounts in thousands) |  |  |  |  |  |  |  |
Derivatives designated as cash flow hedges |  |  |  |  |  |  |  |
Interest rate swaps |  | Other assets |  | $ | 256 |  |  | Other liabilities |  | $ | 1,502 |
Total |  |  |  | $ | 256 |  |  |  |  | $ | 1,502 |
Derivatives not designated as hedging instruments |  |  |  |  |  |  |  |
Interest rate swaps |  | Other assets |  | $ | 14,300 |  |  | Other liabilities |  | $ | 14,730 |
Credit contracts |  | Other assets |  | 68 |  |  | Other liabilities |  | 54 |
Residential mortgage loan commitments |  | Other assets |  | 69 |  |  | Other liabilities |  | — |
Total |  |  |  | $ | 14,437 |  |  |  |  | $ | 14,784 |
|  | December 31, 2017
|  | Derivative Assets |  | Derivative Liabilities
|  | Balance Sheet Location |  | Fair Value |  | Balance Sheet Location |  | Fair Value
(amounts in thousands) |  |
Derivatives designated as cash flow hedges |  |  |  |  |  |  |  |
Interest rate swaps |  | Other assets |  | $ | 816 |  |  | Other liabilities |  | $ | 1,140 |
Total |  |  |  | $ | 816 |  |  |  |  | $ | 1,140 |
Derivatives not designated as hedging instruments |  |  |  |  |  |  |  |
Interest rate swaps |  | Other assets |  | $ | 8,776 |  |  | Other liabilities |  | $ | 8,897 |
Credit contracts |  | Other assets |  | 100 |  |  | Other liabilities |  | 37 |
Residential mortgage loan commitments |  | Other assets |  | 60 |  |  | Other liabilities |  | — |
Total |  |  |  | $ | 8,936 |  |  |  |  | $ | 8,934 |
Effect of Derivative Instruments on Comprehensive Income | The following table presents the effect of Customers' derivative financial instruments on comprehensive income for the years ended December 31, 2018, 2017 and 2016.
| For the Year Ended December 31, 2018
| Income Statement Location | Amount of Income Recognized in Earnings
(amounts in thousands) |
Derivatives not designated as hedging instruments |  |
Interest rate swaps (1) | Other non-interest income | $ | 3,409 |
Credit contracts | Other non-interest income | 127 |
Residential mortgage loan commitments | Mortgage banking income | 9 |
Total |  | $ | 3,545 |
(1) | Includes income recognized from the termination of interest rate swaps.
| For the Year Ended December 31, 2017
| Income Statement Location | Amount of Income Recognized in Earnings
(amounts in thousands) |
Derivatives not designated as hedging instruments |  |
Interest rate swaps | Other non-interest income | $ | 604 |
Credit contracts | Other non-interest income | 171 |
Residential mortgage loan commitments | Mortgage banking income | 15 |
Total |  | $ | 790 |
| For the Year Ended December 31, 2016
| Income Statement Location | Amount of Income Recognized in Earnings
(amounts in thousands) |
Derivatives not designated as hedging instruments |  |
Interest rate swaps | Other non-interest income | $ | 2,955 |
Credit contracts | Other non-interest income | 163 |
Residential mortgage loan commitments | Mortgage banking income | — |
Total |  | $ | 3,118 |
|  | For the Year Ended December 31, 2018
|  | Amount of Gain (Loss) Recognized in OCI on Derivatives (1) |  | Location of Gain (Loss) Reclassified from Accumulated OCI into Income |  | Amount of Gain (Loss) Reclassified from Accumulated OCI into Income
(amounts in thousands) |  |  |  |  |  |
Derivatives in cash flow hedging relationships: |  |  |  |  |  |
Interest rate swaps |  | $ | 1,477 |  |  | Interest expense |  | $ | 95 |
|  |  |  | Other non-interest income (2) |  | 2,822 |
|  |  |  |  |  | $ | 2,917 |
(1) | Amounts presented are net of taxes. See Note 4 - CHANGES IN ACCUMULATED OTHER COMPREHENSIVE INCOME (LOSS) for the total effect on other comprehensive income (loss) from derivatives designated as cash flow hedges.
(2) | Includes income recognized from the termination of interest rate swaps.
|  | For the Year Ended December 31, 2017
|  |  |  | Location of Gain |  | Amount of Gain (Loss)
|  | Amount of Gain (Loss) |  | (Loss) Reclassified |  | Reclassified from
|  | Recognized in OCI on |  | from Accumulated |  | Accumulated OCI into
|  | Derivatives (1) |  | OCI into Income |  | Income
(amounts in thousands) |  |  |  |  |  |
Derivative in cash flow hedging relationship: |  |  |  |  |  |
Interest rate swaps |  | $ | 406 |  |  | Interest expense |  | $ | (2,634 | )
(1) | Amounts presented are net of taxes. See Note 4 - CHANGES IN ACCUMULATED OTHER COMPREHENSIVE INCOME (LOSS) for the total effect on other comprehensive income (loss) from derivatives designated as cash flow hedges.
|  | For the Year Ended December 31, 2016
|  |  |  | Location of Gain |  | Amount of Gain (Loss)
|  | Amount of Gain (Loss) |  | (Loss) Reclassified |  | Reclassified from
|  | Recognized in OCI on |  | from Accumulated |  | Accumulated OCI into
|  | Derivatives (1) |  | OCI into Income |  | Income
(amounts in thousands) |  |  |  |  |  |
Derivative in cash flow hedging relationship: |  |  |  |  |  |
Interest rate swaps |  | $ | (629 | ) |  | Interest expense |  | $ | (1,946 | )
(1) | Amounts presented are net of taxes. See Note 4 - CHANGES IN ACCUMULATED OTHER COMPREHENSIVE INCOME (LOSS) for the total effect on other comprehensive income (loss) from derivatives designated as cash flow hedges.
Summary of Offsetting of Financial Assets and Derivative Assets | The following tables present derivative instruments that are subject to enforceable master netting arrangements. Customers' interest rate swaps with institutional counterparties are subject to master netting arrangements and are included in the table below. Interest rate swaps with commercial banking customers and residential mortgage loan commitments are not subject to master netting arrangements and are excluded from the table below. Customers has not made a policy election to offset its derivative positions.
| Offsetting of Financial Assets and Derivative Assets at
| December 31, 2018
|  |  | Gross Amounts Not Offset in the Consolidated Balance Sheet
| Gross Amount of Recognized Assets |  | Gross Amounts Offset in the Consolidated Balance Sheet |  | Net Amounts of Assets Presented in the Consolidated Balance Sheet |  | Financial Instruments |  | Cash Collateral Received |  | Net Amount
(amounts in thousands) |  |  |  |  |  |  |  |  |  |  |
Description |  |  |  |  |  |  |  |  |  |  |
Interest rate swap derivatives with institutional counterparties | $ | 7,529 |  |  | $ | — |  |  | $ | 7,529 |  |  | $ | — |  |  | $ | 1,860 |  |  | $ | 5,669 |
| Offsetting of Financial Assets and Derivative Assets at
| December 31, 2017
|  |  | Gross Amounts Not Offset in the Consolidated Balance Sheet
| Gross Amount of Recognized Assets |  | Gross Amounts Offset in the Consolidated Balance Sheet |  | Net Amounts of Assets Presented in the Consolidated Balance Sheet |  | Financial Instruments |  | Cash Collateral Received |  | Net Amount
(amounts in thousands) |  |  |  |  |  |  |  |  |  |  |
Description |  |  |  |  |  |  |  |  |  |  |
Interest rate swap derivatives with institutional counterparties | $ | 5,930 |  |  | $ | — |  |  | $ | 5,930 |  |  | $ | — |  |  | $ | 5,070 |  |  | $ | 860 |
Summary of Offsetting of Financial Liabilities and Derivative Liabilities |
| Offsetting of Financial Liabilities and Derivative Liabilities at
| December 31, 2018
|  |  |  |  |  |  | Gross Amounts Not Offset in the Consolidated Balance Sheet
| Gross Amount of Recognized Liabilities |  | Gross Amounts Offset in the Consolidated Balance Sheet |  | Net Amounts of Liabilities Presented in the Consolidated Balance Sheet |  | Financial Instruments |  | Cash Collateral Pledged |  | Net Amount
(amounts in thousands) |  |  |  |  |  |  |  |  |  |  |
Description |  |  |  |  |  |  |  |  |  |  |
Interest rate swap derivatives with institutional counterparties | $ | 9,077 |  |  | $ | — |  |  | $ | 9,077 |  |  | $ | — |  |  | $ | 702 |  |  | $ | 8,375 |
| Offsetting of Financial Liabilities and Derivative Liabilities at
| December 31, 2017
| Gross Amount of Recognized Liabilities |  | Gross Amounts Offset in the Consolidated Balance Sheet |  | Net Amounts of Liabilities Presented in the Consolidated Balance Sheet |  | Financial Instruments |  | Cash Collateral Pledged |  | Net Amount
(amounts in thousands) |  |  |  |  |  |  |  |  |  |  |
Description |  |  |  |  |  |  |  |  |  |  |
Interest rate swap derivatives with institutional counterparties | $ | 5,058 |  |  | $ | — |  |  | $ | 5,058 |  |  | $ | — |  |  | $ | 4,872 |  |  | $ | 186 |

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 derivative and other financial assets that are subject to offsetting, including master netting arrangements. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 210 -SubTopic 20 -Section 50 -Paragraph 3 -URI http://asc.fasb.org/extlink&oid=51824906&loc=SL20225862-175312 Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 210 -SubTopic 20 -Section 50 -Paragraph 4 -URI http://asc.fasb.org/extlink&oid=51824906&loc=SL20225877-175312 + Details
Name: | us-gaap_OffsettingAssetsTableTextBlock
Namespace Prefix: | us-gaap_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of derivative and other financial liabilities that are subject to offsetting, including master netting arrangements. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 210 -SubTopic 20 -Section 50 -Paragraph 3 -URI http://asc.fasb.org/extlink&oid=51824906&loc=SL20225862-175312 Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 210 -SubTopic 20 -Section 50 -Paragraph 4 -URI http://asc.fasb.org/extlink&oid=51824906&loc=SL20225877-175312 + Details
Name: | us-gaap_OffsettingLiabilitiesTableTextBlock
Namespace Prefix: | us-gaap_
Data Type: | nonnum:textBlockItemType
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=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
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=109980867&loc=SL5624163-113959 + Details
Name: | us-gaap_ScheduleOfDerivativeInstrumentsInStatementOfFinancialPositionFairValueTextBlock
Namespace Prefix: | us-gaap_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration