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v3.20.1

Other Derivatives (Tables) | 3 Months Ended
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Mar. 31, 2020
Other Derivatives |
Schedule of balance sheet category and fair values of the derivative instruments | 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 March 31, 2020 and December 31, 2019. ​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
​ | ​ | March 31,2020 | ​ |  | December 31,2019
Derivatives designated as hedging instruments | ​ | Notional | ​ | ​ | ​ | ​ | Balance Sheet | ​ | Notional | ​ | ​ | ​ | ​ | Balance Sheet
(dollars in thousands) |  | Amount |  | Fair Value |  | Category |  | Amount |  | Fair Value |  | Category
Interest rate product | ​ | $ | 100,000 | ​ | $ | 1,695 | ​ | Other Liabilities | ​ | $ | 100,000 | ​ | $ | 206 | ​ | Other Liabilities
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Derivatives not designated as hedging instruments | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
(dollars in thousands) | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Interest rate product | ​ | $ | 93,699 | ​ | $ | 2,834 | ​ | Other Assets | ​ | $ | 56,806 | ​ | $ | 311 | ​ | Other Assets
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
(dollars in thousands) | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Interest rate product | ​ | $ | 93,699 | ​ | $ | 3,011 | ​ | Other Liabilities | ​ | $ | 56,806 | ​ | $ | 319 | ​ | Other Liabilities
Other Contracts | ​ | ​ | 27,268 | ​ | ​ | 152 | ​ | Other Liabilities | ​ | ​ | 27,384 | ​ | ​ | 86 | ​ | Other Liabilities
​ | ​ | $ | 120,967 | ​ | $ | 3,163 | ​ | ​ | ​ | $ | 84,190 | ​ | $ | 405 | ​ | Other Liabilities
Schedule of pretax net gains (losses) of designated cash flow hedges | The table below presents the pre-tax net gains (losses) of the Company’s designated cash flow hedges for the three months ended March 31, 2020 and 2019. ​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
The Effect of Fair Value and Cash Flow Hedge Accounting on Accumulated Other Comprehensive Income
​ | ​ | ​ | ​ | ​ | ​ | ​ | Location of Gain or (Loss) | ​ | Amount of Gain or (Loss)
​ | ​ | Amount of Gain or (Loss) Recognized in OCI | ​ | Recognized from | ​ | Reclassified from Accumulated OCI
​ | ​ | on Derivative | ​ | Accumulated Other | ​ | into Income
Derivatives in Subtopic 815-20 Hedging | ​ | Three Months Ended March 31, | ​ | Comprehensive Income into | ​ | Three Months Ended March 31,
Relationships (dollars in thousands) |  | 2020 | ​ | 2019 |  | Income |  | 2020 | ​ | 2019
Derivatives in Cash Flow Hedging Relationships |  | ​ | ​ | ​ | ​ | ​ |  | ​ | ​ | ​ | ​ | ​ | ​ | ​
Interest Rate Products |  | $ | (1,521) | ​ | $ | (1,034) |  | Interest Expense | ​ | $ | 28 | ​ | $ | 462
Interest Rate Products | ​ | ​ | — | ​ | ​ | — | ​ | Gain on sale of investment securities | ​ | ​ | — | ​ | ​ | (829)
Total |  | $ | (1,521) | ​ | $ | (1,034) |  | ​ | ​ | $ | 28 | ​ | $ | (367)
​
Schedule of the effect of derivative financial instruments on the Consolidated Statements of Operations | The table below presents the effect of the Company’s derivative financial instruments on the Consolidated Statements of Operations for the three months ended March 31, 2020 and 2019. ​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
The Effect of Fair Value and Cash Flow Hedge Accounting on the Statements of Operation
​ | ​ | Location and Amount of Gain or (Loss) Recognize in Income on
​ | ​ | Fair Value and Cash Flow Hedging Relationships (in 000's)
​ | ​ | Three Months Ended March 31,
​ | ​ | 2020 | ​ | 2020 | ​ | 2019
​ | ​ | Interest | ​ | Interest | ​ | Gain on sale of
​ |  | Expense |  | Expense |  | investment securities
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 | ​ | $ | 28 | ​ | $ | 462 | ​ | $ | —
​ |  | ​ | ​ |  | ​ |  | ​ | ​ | ​
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 | ​ | $ | 28 | ​ | $ | 462 | ​ | $ | —
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 | ​ | $ | 28 | ​ | $ | 462 | ​ | $ | —
Amount of Gain or (Loss) Reclassified from Accumulated OCI into Income - Excluded Component | ​ | $ | — | ​ | $ | — | ​ | $ | —
​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Effect of Derivatives Not Designated as Hedging Instruments on the Statements of Operation
​ | ​ | ​ | ​ | Amount of Gain or (Loss)
​ | ​ | ​ | ​ | Recognized in Income on
​ | ​ | Location of Gain or | ​ | Derivative
Derivatives Not Designated as Hedging |  | (Loss) Recognized in |  | Three Months Ended March 31,
Instruments under Subtopic 815-20 | ​ | Income on Derivative | ​ | 2020 |  | 2019
Interest Rate Products |  | Other income / (expense) | ​ |  | (168) |  | ​ | (13)
Other Contracts |  | Other income / (expense) | ​ | ​ | (66) |  | ​ | —
Total | ​ | ​ | ​ | ​ | (234) |  | ​ | (13)
​
Schedule of the effects of offsetting, and a net presentation of cash flow hedge derivatives | ​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
As of March 31, 2020
​ |  | ​ | ​ |  | ​ | ​ |  | Net |  | ​ | ​ |  | ​ | ​ |  | ​ | ​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | Amounts of | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
​ | ​ | ​ | ​ | ​ | Gross | ​ | Assets | ​ | Gross Amounts Not Offset in the
​ | ​ | Gross | ​ | Amounts | ​ | presented | ​ | Balance Sheet
​ | ​ | Amounts of | ​ | Offset in | ​ | in the | ​ | ​ | ​ | ​ | Cash | ​ | ​ | ​
​ | ​ | Recognized | ​ | the Balance | ​ | Balance | ​ | Financial | ​ | Collateral | ​ | Net
Offsetting of Derivative Assets (dollars in thousands) | ​ | Assets | ​ | Sheet | ​ | Sheet | ​ | Instruments | ​ | Posted | ​ | Amount
​ | ​ | $ | 3,165 | ​ | $ | — | ​ | $ | 3,165 |  | $ | — | ​ | $ | — | ​ | $ | 3,165
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
​ |  | ​ | ​ |  | ​ | ​ |  | Net |  | ​ | ​ |  | ​ | ​ |  | ​ | ​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | Amounts of | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
​ | ​ | ​ | ​ | ​ | Gross | ​ | Liabilities | ​ | Gross Amounts Not Offset in the
​ | ​ | Gross | ​ | Amounts | ​ | presented | ​ | Balance Sheet
​ | ​ | Amounts of | ​ | Offset in | ​ | in the | ​ | ​ | ​ | ​ | Cash | ​ | ​ | ​
​ | ​ | Recognized | ​ | the Balance | ​ | Balance | ​ | Financial | ​ | Collateral | ​ | Net
Offsetting of Derivative Liabilities (dollars in thousands) | ​ | Liabilities | ​ | Sheet | ​ | Sheet | ​ | Instruments | ​ | Posted | ​ | Amount
Derivatives | ​ | $ | 6,459 | ​ | $ | — | ​ | $ | 6,459 | ​ | $ | — | ​ | $ | 3,230 | ​ | $ | 3,229
​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
As of December 31, 2019
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | Net | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | Amounts of | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
​ | ​ | ​ | ​ | ​ | Gross | ​ | Assets | ​ | Gross Amounts Not Offset in the
​ | ​ | Gross | ​ | Amounts | ​ | presented | ​ | Balance Sheet
​ | ​ | Amounts of | ​ | Offset in | ​ | in the | ​ | ​ | ​ | ​ | Cash | ​ | ​ | ​
​ | ​ | Recognized | ​ | the Balance | ​ | Balance | ​ | Financial | ​ | Collateral | ​ | Net
Offsetting of Derivative Assets (dollars in thousands) | ​ | Assets | ​ | Sheet | ​ | Sheet | ​ | Instruments | ​ | Posted | ​ | Amount
Derivatives | ​ | $ | 311 | ​ | $ | — | ​ | $ | 311 | ​ | $ | — | ​ | $ | — | ​ | $ | 311
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | Net | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | Amounts of | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
​ | ​ | ​ | ​ | ​ | Gross | ​ | Liabilities | ​ | Gross Amounts Not Offset in the
​ | ​ | Gross | ​ | Amounts | ​ | presented | ​ | Balance Sheet
​ | ​ | Amounts of | ​ | Offset in | ​ | in the | ​ | ​ | ​ | ​ | Cash | ​ | ​ | ​
​ | ​ | Recognized | ​ | the Balance | ​ | Balance | ​ | Financial | ​ | Collateral | ​ | Net
Offsetting of Derivative Liabilities (dollars in thousands) | ​ | Liabilities | ​ | Sheet | ​ | Sheet | ​ | Instruments | ​ | Posted | ​ | Amount
Derivatives | ​ | $ | 611 | ​ | $ | — | ​ | $ | 611 | ​ | $ | — | ​ | $ | 500 | ​ | $ | 111

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