XML 38 R23.htm IDEA: XBRL DOCUMENT
v3.21.2

Derivative Financial Instruments (Tables) | 6 Months Ended
--- | ---
Jun. 30, 2021
Derivative Instruments and Hedging Activities Disclosure [Abstract] |
Schedule of Derivative Instruments in Statement of Financial Position, Fair Value |
| Notional Amount |  | Derivative Assets |  | Derivative Liabilities
(in thousands) | June 30, 2021 |  | December 31, 2020 |  | June 30, 2021 |  | December 31, 2020 |  | June 30, 2021 |  | December 31, 2020
Derivatives Designated as Hedging Instruments: |  |  |  |  |  |  |  |  |  |  |
Interest rate swap | $ | 61,962 |  |  | $ | 61,962 |  |  | $ | — |  |  | $ | — |  |  | $ | 4,379 |  |  | $ | 5,987 |
Derivatives not Designated as Hedging Instruments: |  |  |  |  |  |  |  |  |  |  |
Interest rate swap | $ | 983,018 |  |  | $ | 1,026,016 |  |  | $ | 19,809 |  |  | $ | 28,703 |  |  | $ | 19,846 |  |  | $ | 28,980 |
Derivative assets are classified on the balance sheet in other assets. Derivative liabilities are classified on the balance sheet in other liabilities.
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. The gross amounts of assets or liabilities can be reconciled to the tabular disclosure of fair value. The fair value table above provides the location that financial assets and liabilities are presented on the Balance Sheet.
As of June 30, 2021
|  |  | 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 | $ | 19,809 |  |  | $ | — |  |  | $ | 19,809 |  |  | $ | 570 |  |  | $ | — |  |  | $ | 19,239 |
Liabilities: |  |  |  |  |  |  |  |  |  |  |
Interest rate swap | $ | 24,225 |  |  | $ | — |  |  | $ | 24,225 |  |  | $ | 570 |  |  | $ | 23,312 |  |  | $ | 343 |
Securities sold under agreements to repurchase | 208,795 |  |  | — |  |  | 208,795 |  |  | — |  |  | 208,795 |  |  | — |
As of December 31, 2020
|  |  | 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 | $ | 28,703 |  |  | $ | — |  |  | $ | 28,703 |  |  | $ | 2 |  |  | $ | — |  |  | $ | 28,701 |
Liabilities: |  |  |  |  |  |  |  |  |  |  |
Interest rate swap | $ | 34,967 |  |  | $ | — |  |  | $ | 34,967 |  |  | $ | 2 |  |  | $ | 34,903 |  |  | $ | 62 |
Securities sold under agreements to repurchase | 271,081 |  |  | — |  |  | 271,081 |  |  | — |  |  | 271,081 |  |  | — |

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 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