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DERIVATIVE FINANCIAL INSTRUMENTS AND HEDGING ACTIVITIES (Tables)
 9 Months Ended
Sep. 30, 2018
Derivative Instruments and Hedging Activities Disclosure [Abstract]  
Schedule of information about derivative assets and liabilities
Information about derivative assets and liabilities at September 30, 2018 and December 31, 2017, was as follows:
 
 
September 30, 2018
 
 
Notional
Amount
 
Weighted Average Maturity
 
Estimated Fair Value Asset (Liability)
 
 
(in thousands)
 
(in years)
 
(in thousands)
Cash flow hedges:
 
 

 
 
 
 

Interest rate caps agreements
 
$
90,000

 
4.4
 
$
1,480

Total cash flow hedges
 
90,000

 
 
 
1,480

 
 
 
 
 
 
 
Economic hedges:
 
 

 
 
 
 

Forward sale commitments
 
1,803

 
0.1
 
(31
)
Total economic hedges
 
1,803

 
 
 
(31
)
 
 
 
 
 
 
 
Non-hedging derivatives:
 
 

 
 
 
 

Interest rate lock commitments
 
2,499

 
0.2
 
8

Customer loan derivative liability
 
38,048

 
15.4
 
(503
)
Customer loan derivative asset
 
38,048

 
15.4
 
503

Total non-hedging derivatives
 
78,595

 

 
8

 
 
 
 
 
 
 
Total
 
$
170,398

 
 
 
$
1,457


 
 
December 31, 2017
 
 
Notional
Amount
 
Weighted Average Maturity
 
Estimated Fair Value Asset (Liability)
 
 
(in thousands)
 
(in years)
 
(in thousands)
Cash flow hedges:
 
 

 
 
 
 

Interest rate caps agreements
 
$
90,000

 
5.1
 
$
669

Total cash flow hedges
 
90,000

 

 
669

 
 
 
 
 
 
 
Economic hedges:
 
 

 
 
 
 

Forward sale commitments
 
20,352

 
0.2
 
(221
)
Total economic hedges
 
20,352

 

 
(221
)
 
 
 
 
 
 
 
Non-hedging derivatives:
 
 

 
 
 
 

Interest rate lock commitments
 
19,853

 
0.2
 
(1
)
Total non-hedging derivatives
 
19,853

 

 
(1
)
 
 
 
 
 
 
 
Total
 
$
130,205

 
 
 
$
447


Information about derivative assets and liabilities for the three months ended September 30, 2018 and 2017, was as follows:
 
 
Three Months Ended September 30,
 
Nine Months Ended September 30,
(in thousands)
 
2018
 
2017
 
2018
 
2017
Cash flow hedges:
 
 
 
 
 
 
 
 
Interest rate cap agreements
 
 
 
 
 
 
 
 
Realized (loss) gain in interest expense
 
$
(137
)
 
$
74

 
$
(367
)
 
$
168

 
 
 
 
 
 
 
 
 
Economic hedges:
 
 

 
 

 
 
 
 
Forward commitments
 
 

 
 

 
 
 
 
Realized (loss) gain in other non-interest income
 
43

 
58

 
190

 
(29
)
 
 
 
 
 
 
 
 
 
Non-hedging derivatives:
 
  

 
 

 
  
 
 
Interest rate lock commitments
 
  

 
 

 
  
 
 
Realized (loss) gain in other non-interest income
 
—

 
19

 
9

 
(5
)