XML 33 R19.htm IDEA: XBRL DOCUMENT v3.20.4
Derivatives
 12 Months Ended
Dec. 31, 2020
Derivative Instruments and Hedging Activities Disclosure [Abstract]  
Derivatives DERIVATIVES
The Company uses derivatives to manage exposure to market risk, primarily foreign currency risk and interest rate risk, and to assist customers with their risk management objectives. Our derivatives are carried at fair value and recorded in "Other assets" or "Accrued interest payable and other liabilities," as appropriate, in the consolidated balance sheets. The changes in fair value of our derivatives and the related fees are recognized in "Noninterest income - other" in the consolidated statements of earnings (loss). For the year ended December 31, 2020, changes in fair value and fees recorded to noninterest income in the consolidated statements of earnings (loss) were immaterial. See Note 8. Other Assets for additional information regarding equity warrant assets.
The following table presents the U.S. dollar notional amounts and fair values of our derivative instruments included in the consolidated balance sheets as of the dates indicated:
December 31, 2020December 31, 2019
NotionalFairNotionalFair
Derivatives Not Designated As Hedging InstrumentsAmountValueAmountValue
(In thousands)
Derivative Assets:
Interest rate contracts$59,867 $1,028 $15,159 $71 
Foreign exchange contracts73,108 3,202 91,144 1,163 
Interest rate and economic contracts132,975 4,230 106,303 1,234 
Equity warrant assets24,081 4,520 26,079 3,434 
Total$157,056 $8,750 $132,382 $4,668 
Derivative Liabilities:
Interest rate contracts$59,867 $1,004 $15,159 $71 
Foreign exchange contracts73,108 146 91,144 684 
Total$132,975 $1,150 $106,303 $755