XML 59 R44.htm IDEA: XBRL DOCUMENT

Derivatives and hedging activities (Tables)

12 Months Ended

Dec. 31, 2020

Schedule of fair value of derivative financial instruments and balance sheet classification



			Asset Derivatives			Asset Derivatives			Liability Derivatives			Liability Derivatives
			As of December 31, 2020			As of December 31, 2019 (1)			As of December 31, 2020			As of December 31, 2019 (2)
		Notional	Balance Sheet			Balance Sheet			Balance Sheet			Balance Sheet
		Amount	Location	Fair Value		Location	Fair Value		Location	Fair Value		Location	Fair Value
Derivatives designated as hedging instruments
Interest Rate Floor	$	25,000	Other Assets	$	1,678	Other Assets	$	944
Cash Flow Swap	$	50,000							Other Liabilities	$	485
Total derivatives designated as hedging instruments				$	1,678		$	944		$	485

Derivatives not designated as hedging instruments
Interest Rate Swaps (3)	$	375,341	Other Assets	$	13,693	Other Assets	$	4,728	Other Liabilities	$	13,614	Other Liabilities	$	4,680

Total derivatives not designated as hedging instruments				$	13,693		$	4,728		$	13,614		$	4,680

(1)	Assets amount does not include accrued interest receivable of $235

(2)	Liabilities amount does not include accrued interest payable of $235

(3)	Notional amount of interest rate swaps at December 31, 2019 $172,096

Schedule of effect of fair value and cash flow hedge accounting on accumulated other comprehensive income

Location of

Amount of

Gain or (Loss)

Amount of

Gain (Loss)

Loss

Recognized from

Gain (Loss)

Reclassified

Recognized in

Accumulated

Reclassified

from Accumulated

Derivatives in

OCI on

OCI Included

OCI Excluded

Other Comprehensive

from Accumulated

OCI into Income

Hedging

Derivative

Component

Income into

OCI into Income

Included Component

Excluded Component

Relationships

December 31, 2020

Income

December 31, 2020

Derivatives in Cash Flow Hedging Relationships

Cash Flow Swap

Interest Expense

(40)

Interest Rate Floor (*)

(18)

(17)

(1)

Interest Income

134

150

(16)

Total

(1)

110

(16)

Location of

Amount of

Gain or (Loss)

Amount of

Gain

Loss

Gain

Recognized from

Loss

Reclassified

Recognized in

Accumulated

Reclassified

from Accumulated

Derivatives in

OCI on

OCI Included

OCI Excluded

Other Comprehensive

from Accumulated

OCI into Income

Hedging

Derivative

Component

Income into

OCI into Income

Included Component

Excluded Component

Relationships

December 31, 2019

Income

December 31, 2019

Derivatives in Cash Flow Hedging Relationships

Interest Rate Floor (*)

192

196

(4)

Interest Income

(16)

* Amounts disclosed are gross and not net of taxes.

Schedule of effect of derivative financial instruments on Income Statement


		Location and Amount of Gain or (Loss) Recognized in
		Income on Fair Value and Cash Flow Hedging
		Relationships
		2020		2020		2019	2019
		Interest Income		Interest Expense		Interest Income	Interest Expense
Total amounts of income and expense line items presented in the statements of income and comprehensive income in which the effects of fair value or cash flow hedges are recorded	$	134	$	(40)	$	26

The effects of fair value and cash flow hedging:
Gain or (loss) on cash flow hedging relationships
Interest contracts
Amount of gain or (loss) reclassified from accumulated other comprehensive income into income	$	134	$	(40)	$	26

Amount of gain or (loss) reclassified from accumulated other comprehensive income into income - included component	$	150			$	42
Amount of gain or (loss) reclassified from accumulated other comprehensive income into income - excluded component	$	(16)			$	(16)

Schedule of gain (loss) on derivative instruments not designated as hedging instruments


		Amount of Gain		Amount of Loss
		Recognized in		Recognized in
	Location of Gain or (Loss)	Income		Income
	Recognized in Income on	Twelve Months Ended		Twelve Months Ended
Derivatives Not Designated as Hedging Instruments	Derivative	December 31, 2020		December 31, 2019

Interest Rate Swaps	Interest rate swap revenue	$	31	$	77


Fee Income	Interest rate swap revenue	$	2,290	$	1,713

Schedule of offsetting derivatives

Offsetting of Derivative Assets

as of December 31, 2020

Gross Amounts Not Offset in the Balance Sheet

Gross

Net Amounts

Amounts of

Gross Amounts

of Assets

Recognized

Offset in the

presented in the

Financial

Cash Collateral

Net

Assets

Balance Sheet

Instruments

Received

Amount

Derivatives

15,371

Offsetting of Derivative Liabilities

as of December 31, 2020

Gross Amounts Not Offset in the Balance Sheet

Gross

Net Amounts

Amounts of

Gross Amounts

of Assets

Recognized

Offset in the

presented in the

Financial

Cash Collateral

Net

Assets

Balance Sheet

Instruments

Received

Amount

Derivatives

14,099

Offsetting of Derivative Assets

as of December 31, 2019

Gross Amounts Not Offset in the Balance Sheet

Gross

Net Amounts

Amounts of

Gross Amounts

of Assets

Recognized

Offset in the

presented in the

Financial

Cash Collateral

Net

Assets

Balance Sheet

Instruments

Received

Amount

Derivatives

5,672

Offsetting of Derivative Liabilities

as of December 31, 2019

Gross Amounts Not Offset in the Balance Sheet

Gross

Net Amounts

Amounts of

Gross Amounts

of Assets

Recognized

Offset in the

presented in the

Financial

Cash Collateral

Net

Assets

Balance Sheet

Instruments

Received

Amount

Derivatives

4,680