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Note 8. Other Derivatives (Tables)

9 Months Ended

Sep. 30, 2019

Derivative Instruments and Hedging Activities Disclosure [Abstract]

The table below identifies the balance sheet category and fair value of the Company’s designated cash flow hedge derivative instruments and non-designated hedges as of September 30, 2019 and December 31, 2018.

The table below identifies the balance sheet category and fair value of the Company’s designated cash flow hedge derivative instruments and non-designated hedges as of September 30, 2019 and December 31, 2018.

		September 30, 2019										December 31, 2018
		Notional								Balance Sheet		Notional								Balance Sheet
		Amount				Fair Value				Category		Amount				Fair Value				Category
Derivatives designated as hedging instruments
(dollars in thousands)
Interest rate product		$	—			$	—			Other Assets		$	250,000			$	3,727			Other Assets
(dollars in thousands)
Interest rate product		$	100,000			$	348			Other Liabilities		$	—			$	—			Other Liabilities
Derivatives not designated as hedging instruments
(dollars in thousands)
Interest rate product		$	26,000			$	15
Interest rate product			26,517				213
Interest rate product		$	52,517			$	228			Other Assets		$	—			$	—			Other Assets
(dollars in thousands)
Interest rate product		$	26,000			$	15			Other Liabilities		$	—			$	—			Other Liabilities
Interest rate product			26,517				220			Other Liabilities
Other Contracts			27,500				117			Other Liabilities			27,500				59			Other Liabilities
		$	80,017			$	352			Other Liabilities		$	27,500			$	59			Other Liabilities

The table below presents the pre-tax net gains (losses) of the Company’s designated cash flow hedges for the three and nine months ended September 30, 2019 and 2018.

The table below presents the pre-tax net gains (losses) of the Company’s designated cash flow hedges for the three and nine months ended September 30, 2019 and 2018.

Derivatives in Subtopic 815-20 Hedging Relationships (dollars in thousands)		Amount of Gain or (Loss) Recognized in OCI on Derivative								Location of Gain or (Loss) Recognized from Accumulated Other Comprehensive Income into Income		Amount of Gain or (Loss) Reclassified from Accumulated OCI into Income
		Three Months Ended September 30,										Three Months Ended September 30,
		2019				2018						2019				2018
Derivatives in Cash Flow Hedging Relationships
Interest Rate Products		$	(107	)		$	849			Interest Expense		$	264			$	214
Total		$	(107	)		$	849					$	264			$	214

Derivatives in Subtopic 815-20 Hedging Relationships (dollars in thousands)		Amount of Gain or (Loss) Recognized in OCI on Derivative								Location of Gain or (Loss) Recognized from Accumulated Other Comprehensive Income into Income		Amount of Gain or (Loss) Reclassified from Accumulated OCI into Income
		Nine Months Ended September 30,										Nine Months Ended September 30,
		2019				2018						2019				2018
Derivatives in Cash Flow Hedging Relationships
Interest Rate Products		$	(1,974	)		$	4,401			Interest Expense		$	1,039			$	230
Interest Rate Products			—				—			Gain on sale of investment securities			829				—
Total		$	(1,974	)		$	4,401					$	1,868			$	230

The table below presents the effect of the Company’s derivative financial instruments on the Consolidated Statements of Operations for the three and nine months ended September 30, 2019 and 2018.

The table below presents the effect of the Company’s derivative financial instruments on the Consolidated Statements of Operations for the three and nine months ended September 30, 2019 and 2018.

The Effect of Fair Value and Cash Flow Hedge Accounting on the Statement of Financial Performance

		Location and Amount of Gain or (Loss) Recognized in Income on Fair Value
		and Cash Flow Hedging Relationships (in 000's)
		Three Months Ended September 30,								Nine Months Ended September 30,
		2019				2018				2019				2019				2018
		Interest Expense								Interest Expense				Gain on sale of investment securities				Interest Expense
Total amounts of income and expense line items presented in the statement of financial performance in which the effects of fair value or cash flow hedges are recorded		$	264			$	214			$	1,039			$	829			$	16
Gain or (loss) on cash flow hedging relationships in Subtopic 815-20
Interest contracts
Amount of gain or (loss) reclassified from accumulated other  comprehensive income into income		$	264			$	214			$	1,039			$	—			$	230
Amount of gain or (loss) reclassified from accumulated other comprehensive income into income as a result that a forecasted transaction is no longer probable of occurring		$	—			$	—			$	—			$	829			$	—
Amount of Gain or (Loss) Reclassified from Accumulated OCI into Income -  Included Component		$	264			$	214			$	1,039			$	829			$	230
Amount of Gain or (Loss) Reclassified from Accumulated OCI into Income -  Excluded Component		$	—			$	—			$	—			$	—			$	—

Effect of Derivatives Not Designated as Hedging Instruments on the Statement of Financial Performance
Derivatives Not Designated as Hedging Instruments under Subtopic 815-20		Location of Gain or (Loss) Recognized in Income on Derivative		Amount of Gain or (Loss) Recognized in Income on Derivative								Amount of Gain or (Loss) Recognized in Income on Derivative
				Three Months Ended September 30,								Nine Months Ended September 30,
				2019				2018				2019				2018
Interest Rate Products		Other income / (expense)			(7	)							(7	)
Other Contracts		Other income / (expense)			(16	)			—				(58	)			—
Total					(23	)			—				(65	)			—

The table below presents a gross presentation, the effects of offsetting, and a net presentation of the Company’s cash flow hedge derivatives as of September 30, 2019 and December 31, 2018.

The table below presents a gross presentation, the effects of offsetting, and a net presentation of the Company’s cash flow hedge derivatives as of September 30, 2019 and December 31, 2018.

As of September 30, 2019
Offsetting of Derivative Assets (dollars in thousands)														Gross Amounts Not Offset in the Balance Sheet
		Gross Amounts of Recognized Assets				Gross Amounts Offset in the Balance Sheet				Net Amounts of Assets presented in the Balance Sheet				Financial Instruments			Cash Collateral Posted				Net Amount
Derivatives		$	228			$	—			$	228			$	—		$	—			$	228

Offsetting of Derivative Liabilities (dollars in thousands)														Gross Amounts Not Offset in the Balance Sheet
		Gross Amounts of Recognized Liabilities				Gross Amounts Offset in the Balance Sheet				Net Amounts of Liabilities presented in the Balance Sheet				Financial Instruments			Cash Collateral Posted				Net Amount
Derivatives		$	669			$	—			$	669			$	—		$	—			$	669

As of December 31, 2018
Offsetting of Derivative Assets (dollars in thousands)														Gross Amounts Not Offset in the Balance Sheet
		Gross Amounts of Recognized Assets				Gross Amounts Offset in the Balance Sheet				Net Amounts of Assets presented in the Balance Sheet				Financial Instruments			Cash Collateral Posted				Net Amount
Derivatives		$	3,840			$	—			$	3,840			$	—		$	—			$	3,840

Offsetting of Derivative Liabilities (dollars in thousands)														Gross Amounts Not Offset in the Balance Sheet
		Gross Amounts of Recognized Liabilities				Gross Amounts Offset in the Balance Sheet				Net Amounts of Liabilities presented in the Balance Sheet				Financial Instruments			Cash Collateral Posted				Net Amount
Derivatives		$	59			$	—			$	59			$	—		$	—			$	59

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