XML 64 R51.htm IDEA: XBRL DOCUMENT v3.21.1
Derivative Instruments and Hedging Activities (Details)
$ in Thousands
 3 Months Ended
Mar. 31, 2021
USD ($)
Agreement
Mar. 31, 2020
USD ($)
Dec. 31, 2020
USD ($)
Agreement
Interest rate derivatives - Included Component [Abstract]      
Amount of (loss) recognized in other comprehensive income $ 0 $ (255)  
Amount of loss reclassified from AOCI into interest expense 21 10  
Derivatives Designated as Hedging Instruments [Member] | Cash Flow Hedging [Member]      
Interest rate derivatives - Included Component [Abstract]      
Amount of (loss) recognized in other comprehensive income 0 (255)  
Derivatives Designated as Hedging Instruments [Member] | Cash Flow Hedging [Member] | Interest (Income) Expense [Member]      
Interest rate derivatives - Included Component [Abstract]      
Amount of loss reclassified from AOCI into interest expense 21 10  
Derivatives Designated as Hedging Instruments [Member] | Cash Flow Hedging [Member] | Interest Rate Swaps [Member]      
Derivative Liability [Abstract]      
Amount to be reclassified from AOCI as a reduction to interest expense during next twelve months 0    
Derivatives Designated as Hedging Instruments [Member] | Cash Flow Hedging [Member] | Interest Rate Swaps [Member] | Other Assets [Member]      
Derivative Asset [Abstract]      
Derivatives, notional amount     $ 0
Derivatives, fair value     0
Derivatives Designated as Hedging Instruments [Member] | Cash Flow Hedging [Member] | Interest Rate Swaps [Member] | Other Liabilities [Member]      
Derivative Liability [Abstract]      
Derivatives, notional amount     25,000
Derivatives, fair value     34
Derivatives Not Designated as Hedging Instruments [Member]      
Derivative Asset [Abstract]      
Derivatives, fair value 70,713   108,779
Netting adjustments, fair value [1] 100    
Net derivatives in the balance sheet, fair value 70,613    
Derivatives not offset on the balance sheet, fair value 9,911    
Cash collateral, fair value [2] 0   0
Net derivative amounts, fair value 60,702   108,779
Derivative Liability [Abstract]      
Derivatives, fair value 70,661   108,612
Netting adjustments, fair value [1] 513    
Net derivatives in the balance sheet, fair value 70,148    
Derivatives not offset on the balance sheet, fair value 9,911    
Cash collateral, fair value [2] 50,126   107,350
Net derivative amounts, fair value 10,111   $ 1,262
Derivatives Not Designated as Hedging Instruments [Member] | Other Income [Member]      
Gain or loss recognized in income on derivatives not designating as a hedging relationship [Abstract]      
(Increase) decrease in other income $ (115) $ 143  
Derivatives Not Designated as Hedging Instruments [Member] | Interest Rate Swaps [Member]      
Interest rate derivatives [Abstract]      
Number of risk participation agreements held | Agreement 17   17
Derivatives Not Designated as Hedging Instruments [Member] | Interest Rate Swaps [Member] | Other Assets [Member]      
Derivative Asset [Abstract]      
Derivatives, notional amount $ 1,268,421   $ 1,223,584
Derivatives, fair value 70,589   108,487
Derivatives Not Designated as Hedging Instruments [Member] | Interest Rate Swaps [Member] | Other Liabilities [Member]      
Derivative Liability [Abstract]      
Derivatives, notional amount 1,268,421   1,223,584
Derivatives, fair value 70,589   108,487
Derivatives Not Designated as Hedging Instruments [Member] | Risk Participation Agreements [Member] | Other Assets [Member]      
Derivative Asset [Abstract]      
Derivatives, notional amount 72,131   72,528
Derivatives, fair value 124   292
Derivatives Not Designated as Hedging Instruments [Member] | Risk Participation Agreements [Member] | Other Liabilities [Member]      
Derivative Liability [Abstract]      
Derivatives, notional amount 39,153   39,785
Derivatives, fair value $ 72   $ 125
[1] Netting adjustments represents the amounts recorded to convert derivatives assets and liabilities from a gross basis to a net basis in accordance with the applicable accounting guidance on the settle to market rules for cleared derivatives. The CME legally characterizes the variation margin posted between counterparties as settlements of the outstanding derivative contracts instead of cash collateral. Company began to clear certain derivative transactions through the CME in 2021.
[2] Cash collateral represents the amount that cannot be used to offset our derivative assets and liabilities from a gross basis to a net basis in accordance with the applicable accounting guidance. The other collateral consist of securities and is exchanged under bilateral collateral and master netting agreements that allow us to offset the net derivative position with the related collateral. The application of the other collateral cannot reduce the net derivative position below zero. Therefore, excess other collateral, if any, is not reflected above.