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Derivative Financial Instruments (Tables)

9 Months Ended

Sep. 30, 2019

Derivative Instruments and Hedging Activities Disclosure [Abstract]

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

The table below presents a gross presentation, the effects of offsetting, and a net presentation of the Company’s financial instruments that are subject to offsetting as of September 30, 2019 and December 31, 2018. The gross amounts of assets or liabilities can be reconciled to the tabular disclosure of fair value. The tabular disclosure of fair value provides the location that financial assets and liabilities are presented on the Balance Sheet.

As of September 30, 2019
													Gross Amounts Not Offset in the Statement of Financial Position
(in thousands)	Gross Amounts Recognized				Gross Amounts Offset in the Statement of Financial Position				Net Amounts of Assets presented in the Statement of Financial Position				Financial Instruments				Fair Value Collateral Posted				Net Amount
Assets:
Interest rate swap	$	13,561			$	—			$	13,561			$	22			$	—			$	13,539
Liabilities:
Interest rate swap	$	18,451			$	—			$	18,451			$	22			$	17,785			$	644
Securities sold under agreements to repurchase	162,920				—				162,920				—				162,920				—
As of December 31, 2018
													Gross Amounts Not Offset in the Statement of Financial Position
(in thousands)	Gross Amounts Recognized				Gross Amounts Offset in the Statement of Financial Position				Net Amounts of Assets presented in the Statement of Financial Position				Financial Instruments				Fair Value Collateral Posted				Net Amount
Assets:
Interest rate swap	$	2,217			$	—			$	2,217			$	—			$	—			$	2,217
Liabilities:
Interest rate swap	$	2,217			$	—			$	2,217			$	—			$	—			$	2,217
Securities sold under agreements to repurchase	221,450				—				221,450				—				221,450				—

	Derivative Assets															Derivative Liabilities
	September 30, 2019							December 31, 2018								September 30, 2019				December 31, 2018
(in thousands)	Notional Amount			Balance Sheet Location	Fair Value			Notional Amount			Balance Sheet Location	Fair Value				Balance Sheet Location	Fair Value			Balance Sheet Location	Fair Value
Derivatives Designated as Hedging Instruments
Interest rate swap	$	185,886		Other Assets	$	—		$	—		Other Assets	$	—			Other Liabilities	$	3,785		Other Liabilities	$	—
Total					$	—						$	—				$	3,785			$	—
Derivatives not Designated as Hedging Instruments
Interest rate swap	$	628,864		Other Assets	$	13,561		$	494,567		Other Assets	$	2,217			Other Liabilities	$	14,666		Other Liabilities	$	2,217
Foreign exchange forward contracts	—			Other Assets	—			806			Other Assets	806				Other Liabilities	—			Other Liabilities	806
Total					$	13,561						$	3,023				$	14,666			$	3,023

Schedule of Derivative Instruments, Gain (Loss) in Statement of Financial Performance

The tables below present the effect of cash flow hedge accounting on Accumulated Other Comprehensive Income for the three and nine months ended September 30, 2019. The Company did not have cash flow hedging instruments in 2018. The loss reclassified from accumulated OCI is recorded as an adjustment to interest expense.

		Amount of Loss Recognized in OCI								Amount of Loss Reclassified from Accumulated OCI into Income
(in thousands)		Three months ended September 30, 2019				Nine months ended September 30, 2019				Three months ended September 30, 2019				Nine months ended September 30, 2019
Derivatives in Cash Flow Hedging Relationships
Interest rate swap		$	(846	)		$	(3,785	)		$	(42	)		$	(48	)
Total		$	(846	)		$	(3,785	)		$	(42	)		$	(48	)

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- References

No definition available.

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- 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

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-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

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-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

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- 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

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