XML 47 R36.htm IDEA: XBRL DOCUMENT
v3.20.2

DERIVATIVE FINANCIAL INSTRUMENTS (Tables) | 9 Months Ended
--- | ---
Sep. 30, 2020
DERIVATIVE FINANCIAL INSTRUMENTS |
Summary of fair values of Company’s derivative instrument assets and liabilities related to interest rate swap contracts |
|  | September 30, 2020 |  | December 31, 2019
|  | Notional |  | Fair |  | Notional |  | Fair
|  | Amount |  | Value |  | Amount |  | Value
Designated as cash flow hedges: |  | (dollars in thousands)
Fair value recorded in other liabilities |  | $ | 17,000 |  | $ | (1,572) |  | $ | 17,000 |  | $ | (676)
Schedule of the effect of interest rate contracts designated as cash flow hedges on the consolidated statements of income |
Location of gross gain (loss) reclassified |  | Amounts of gross gain (loss)
from accumulated other |  | reclassified from accumulated
comprehensive income to income |  | other comprehensive income
|  | Three Months Ended |  | Nine Months Ended
|  | September 30, |  | September 30,
|  | 2020 |  | 2019 |  | 2020 |  | 2019
Designated as cash flow hedges: |  | (dollars in thousands)
Taxable loan interest income |  | $ | — |  | $ | 33 |  | $ | 64 |  | $ | 83
Junior subordinated debentures interest expense |  |  | (97) |  |  | (9) |  |  | (202) |  |  | (7)
Total |  | $ | (97) |  | $ | 24 |  | $ | (138) |  | $ | 76
Summary of interest rate swap agreements not designated as hedging instruments |
|  | September 30, 2020 |  | December 31, 2019
|  | Notional |  | Fair |  | Notional |  | Fair
|  | Amount |  | Value |  | Amount |  | Value
Not designated as hedging instruments: |  | (dollars in thousands)
Fair value recorded in other assets: |  |  |  |  |  |  |  |  |  |  |  |
Interest rate swaps with a commercial borrower counterparty |  | $ | 140,820 |  | $ | 21,568 |  | $ | 114,140 |  | $ | 8,532
Interest rate swaps with a financial institution counterparty |  |  | — |  |  | — |  |  | 24,216 |  |  | 110
Total fair value recorded in other assets |  | $ | 140,820 |  | $ | 21,568 |  | $ | 138,356 |  | $ | 8,642
Fair value recorded in other liabilities: |  |  |  |  |  |  |  |  |  |  |  |
Interest rate swaps with a commercial borrower counterparty |  | $ | — |  | $ | — |  | $ | 24,216 |  | $ | (110)
Interest rate swaps with a financial institution counterparty |  |  | 140,820 |  |  | (21,568) |  |  | 114,140 |  |  | (8,532)
Total fair value recorded in other liabilities |  | $ | 140,820 |  | $ | (21,568) |  | $ | 138,356 |  | $ | (8,642)
Summary of the effect of interest rate contracts not designated as hedging instruments recognized in other noninterest income |
|  | Three Months Ended |  | Nine Months Ended
|  | September 30, |  | September 30,
|  | 2020 |  | 2019 |  | 2020 |  | 2019
Not designated as hedging instruments: |  | (dollars in thousands)
Gross gains |  | $ | 2,188 |  | $ | 4,151 |  | $ | 17,369 |  | $ | 10,196
Gross losses |  |  | (2,188) |  |  | (4,151) |  |  | (17,369) |  |  | (10,159)
Net gains (losses) |  | $ | — |  | $ | — |  | $ | — |  | $ | 37

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 gain (loss) on derivative and nonderivative instruments designated and qualifying as cash flow hedge recorded in accumulated other comprehensive income (AOCI) and reclassified into earnings. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 815 -SubTopic 10 -Section 50 -Paragraph 4C -Subparagraph (c) -URI http://asc.fasb.org/extlink&oid=121590274&loc=SL5624171-113959 + Details
Name: | us-gaap_ScheduleOfCashFlowHedgesIncludedInAccumulatedOtherComprehensiveIncomeLossTableTextBlock
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

X
- Definition Tabular disclosure of interest rate derivatives, including, but not limited to, the fair value of the derivatives, statement of financial position location, and statement of financial performance location of these instruments. + References Reference 1: 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_ScheduleOfInterestRateDerivativesTableTextBlock
Namespace Prefix: | us-gaap_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of derivative instrument not designated or qualifying as hedging instrument. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 815 -SubTopic 10 -Section 50 -Paragraph 4C -Subparagraph (e) -URI http://asc.fasb.org/extlink&oid=121590274&loc=SL5624171-113959 Reference 2: http://www.xbrl.org/2009/role/commonPracticeRef -Publisher FASB -Name Accounting Standards Codification -Topic 815 -SubTopic 10 -Section 50 -Paragraph 4CC -URI http://asc.fasb.org/extlink&oid=121590274&loc=SL109998890-113959 + Details
Name: | us-gaap_ScheduleOfOtherDerivativesNotDesignatedAsHedgingInstrumentsStatementsOfFinancialPerformanceAndFinancialPositionLocationTableTextBlock
Namespace Prefix: | us-gaap_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration