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v3.20.1

BALANCE SHEET OFFSETTING (Tables) | 3 Months Ended
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Mar. 31, 2020
Offsetting [Abstract] |
Offsetting Assets [Table Text Block] | The following table presents the Company's derivative positions and repurchase agreements, and the potential effect of netting arrangements on its financial position, as of the dates indicated:
|  |  |  |  |  |  |  | Gross Amount Not Offset in the Consolidated Statements of Condition |  |
(In thousands) |  | Gross Amount Recognized in the Consolidated Statements of Condition |  | Gross Amount Offset in the Consolidated Statements of Condition |  | Net Amount Presented in the Consolidated Statements of Condition |  | Financial Instruments Pledged (Received)(1) |  | Cash Collateral Pledged (Received)(1) |  | Net Amount
March 31, 2020 |  |  |  |  |  |  |  |  |  |  |  |
Derivative assets: |  |  |  |  |  |  |  |  |  |  |  |
Customer loan swaps - commercial customer(2) |  | $ | 45,220 |  |  | $ | — |  |  | $ | 45,220 |  |  | $ | — |  |  | $ | — |  |  | $ | 45,220 |
Interest rate swap on loans(3) |  | 5,591 |  |  | — |  |  | 5,591 |  |  | — |  |  | (5,435 | ) |  | 156 |
Total |  | $ | 50,811 |  |  | $ | — |  |  | $ | 50,811 |  |  | $ | — |  |  | $ | (5,435 | ) |  | $ | 45,376 |
Derivative liabilities: |  |  |  |  |  |  |  |  |  |  |  |
Customer loan swaps - dealer bank |  | $ | 45,220 |  |  | $ | — |  |  | $ | 45,220 |  |  | $ | — |  |  | $ | 45,220 |  |  | — |
Junior subordinated debt interest rate swaps |  | 12,642 |  |  | — |  |  | 12,642 |  |  | — |  |  | 12,642 |  |  | — |
Interest rate swaps on borrowings(3) |  | 1,615 |  |  | — |  |  | 1,615 |  |  | — |  |  | 1,615 |  |  | — |
Total |  | $ | 59,477 |  |  | $ | — |  |  | $ | 59,477 |  |  | $ | — |  |  | $ | 59,477 |  |  | $ | — |
Customer repurchase agreements |  | $ | 265,997 |  |  | $ | — |  |  | $ | 265,997 |  |  | $ | 265,997 |  |  | $ | — |  |  | $ | — |
December 31, 2019 |  |  |  |  |  |  |  |  |  |  |  |
Derivative assets: |  |  |  |  |  |  |  |  |  |  |  |
Customer loan swaps - commercial customer(2) |  | 17,756 |  |  | — |  |  | 17,756 |  |  | — |  |  | — |  |  | 17,756 |
Interest rate swap on loans |  | 483 |  |  | — |  |  | 483 |  |  | — |  |  | (483 | ) |  | — |
Total |  | $ | 18,239 |  |  | $ | — |  |  | $ | 18,239 |  |  | $ | — |  |  | $ | (483 | ) |  | $ | 17,756 |
Derivative liabilities: |  |  |  |  |  |  |  |  |  |  |  |
Customer loan swaps - dealer bank |  | $ | 17,242 |  |  | $ | — |  |  | $ | 17,242 |  |  | $ | — |  |  | $ | 17,242 |  |  | $ | — |
Junior subordinated debt interest rate swaps |  | $ | 8,187 |  |  | $ | — |  |  | $ | 8,187 |  |  | $ | — |  |  | $ | 8,187 |  |  | $ | — |
Customer loan swaps - commercial customer(2) |  | 514 |  |  | — |  |  | 514 |  |  | — |  |  | — |  |  | 514 |
Total |  | $ | 25,943 |  |  | $ | — |  |  | $ | 25,943 |  |  | $ | — |  |  | $ | 25,429 |  |  | $ | 514 |
Customer repurchase agreements |  | $ | 237,984 |  |  | $ | — |  |  | $ | 237,984 |  |  | $ | 237,984 |  |  | $ | — |  |  | $ | — |
(1) | The amount presented was the lesser of the amount pledged (received) or the net amount presented in the consolidated statements of condition.
(2) The Company manages its net exposure on its commercial customer loan swaps by obtaining collateral as part of the normal loan policy and underwriting practices.
(3) | Interest rate swap contracts were completed with same dealer bank. The Company maintains a master netting arrangement and settles collateral requested or pledged on a net basis for all contracts.
Offsetting Liabilities [Table Text Block] | The following table presents the Company's derivative positions and repurchase agreements, and the potential effect of netting arrangements on its financial position, as of the dates indicated:
|  |  |  |  |  |  |  | Gross Amount Not Offset in the Consolidated Statements of Condition |  |
(In thousands) |  | Gross Amount Recognized in the Consolidated Statements of Condition |  | Gross Amount Offset in the Consolidated Statements of Condition |  | Net Amount Presented in the Consolidated Statements of Condition |  | Financial Instruments Pledged (Received)(1) |  | Cash Collateral Pledged (Received)(1) |  | Net Amount
March 31, 2020 |  |  |  |  |  |  |  |  |  |  |  |
Derivative assets: |  |  |  |  |  |  |  |  |  |  |  |
Customer loan swaps - commercial customer(2) |  | $ | 45,220 |  |  | $ | — |  |  | $ | 45,220 |  |  | $ | — |  |  | $ | — |  |  | $ | 45,220 |
Interest rate swap on loans(3) |  | 5,591 |  |  | — |  |  | 5,591 |  |  | — |  |  | (5,435 | ) |  | 156 |
Total |  | $ | 50,811 |  |  | $ | — |  |  | $ | 50,811 |  |  | $ | — |  |  | $ | (5,435 | ) |  | $ | 45,376 |
Derivative liabilities: |  |  |  |  |  |  |  |  |  |  |  |
Customer loan swaps - dealer bank |  | $ | 45,220 |  |  | $ | — |  |  | $ | 45,220 |  |  | $ | — |  |  | $ | 45,220 |  |  | — |
Junior subordinated debt interest rate swaps |  | 12,642 |  |  | — |  |  | 12,642 |  |  | — |  |  | 12,642 |  |  | — |
Interest rate swaps on borrowings(3) |  | 1,615 |  |  | — |  |  | 1,615 |  |  | — |  |  | 1,615 |  |  | — |
Total |  | $ | 59,477 |  |  | $ | — |  |  | $ | 59,477 |  |  | $ | — |  |  | $ | 59,477 |  |  | $ | — |
Customer repurchase agreements |  | $ | 265,997 |  |  | $ | — |  |  | $ | 265,997 |  |  | $ | 265,997 |  |  | $ | — |  |  | $ | — |
December 31, 2019 |  |  |  |  |  |  |  |  |  |  |  |
Derivative assets: |  |  |  |  |  |  |  |  |  |  |  |
Customer loan swaps - commercial customer(2) |  | 17,756 |  |  | — |  |  | 17,756 |  |  | — |  |  | — |  |  | 17,756 |
Interest rate swap on loans |  | 483 |  |  | — |  |  | 483 |  |  | — |  |  | (483 | ) |  | — |
Total |  | $ | 18,239 |  |  | $ | — |  |  | $ | 18,239 |  |  | $ | — |  |  | $ | (483 | ) |  | $ | 17,756 |
Derivative liabilities: |  |  |  |  |  |  |  |  |  |  |  |
Customer loan swaps - dealer bank |  | $ | 17,242 |  |  | $ | — |  |  | $ | 17,242 |  |  | $ | — |  |  | $ | 17,242 |  |  | $ | — |
Junior subordinated debt interest rate swaps |  | $ | 8,187 |  |  | $ | — |  |  | $ | 8,187 |  |  | $ | — |  |  | $ | 8,187 |  |  | $ | — |
Customer loan swaps - commercial customer(2) |  | 514 |  |  | — |  |  | 514 |  |  | — |  |  | — |  |  | 514 |
Total |  | $ | 25,943 |  |  | $ | — |  |  | $ | 25,943 |  |  | $ | — |  |  | $ | 25,429 |  |  | $ | 514 |
Customer repurchase agreements |  | $ | 237,984 |  |  | $ | — |  |  | $ | 237,984 |  |  | $ | 237,984 |  |  | $ | — |  |  | $ | — |
(1) | The amount presented was the lesser of the amount pledged (received) or the net amount presented in the consolidated statements of condition.
(2) The Company manages its net exposure on its commercial customer loan swaps by obtaining collateral as part of the normal loan policy and underwriting practices.
(3) | Interest rate swap contracts were completed with same dealer bank. The Company maintains a master netting arrangement and settles collateral requested or pledged on a net basis for all contracts.

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