XML 41 R20.htm IDEA: XBRL DOCUMENT v3.22.4
Derivatives
 12 Months Ended
Dec. 31, 2022
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, 2022, changes in fair value and fees recorded to noninterest income in the consolidated statements of earnings (loss) were immaterial. See Note 9. 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, 2022December 31, 2021
NotionalFairNotionalFair
Derivatives Not Designated As Hedging InstrumentsAmountValueAmountValue
(In thousands)
Derivative Assets:
Interest rate contracts$108,451 $6,013 $87,470 $992 
Foreign exchange contracts37,029 1,801 28,463 1,517 
Interest rate and economic contracts145,480 7,814 115,933 2,509 
Equity warrant assets18,209 4,048 18,539 3,555 
Total$163,689 $11,862 $134,472 $6,064 
Derivative Liabilities:
Interest rate contracts$108,451 $5,825 $87,470 $931 
Foreign exchange contracts37,029 81 28,463 — 
Total$145,480 $5,906 $115,933 $931