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Derivatives and Hedging Activities (Tables)
12 Months Ended
Sep. 30, 2017
Derivative Instruments And Hedging Activities Disclosure [Abstract]  
Schedule of Fair Value of Derivative Financial Instruments as well as their Classification on Consolidated Balance Sheet

Fair Values of Derivative Instruments on the Consolidated Balance Sheet  

The table below presents the fair value of the Company’s derivative financial instruments as well as their classification on the Consolidated Balance Sheet as of September 30, 2017 and September 30, 2016, (in thousands).

 

 

 

Fair Values of Derivative Instruments

 

 

 

Asset Derivatives

 

 

 

 

 

 

As of September 30, 2017

 

 

 

 

 

As of September 30, 2016

 

 

 

 

 

 

Balance Sheet Location

 

Fair Value

 

 

Balance Sheet Location

 

Fair Value

 

Derivatives designated as hedging instruments

 

 

 

 

 

 

 

 

 

 

 

 

Interest Rate Products

 

Other Assets

 

$

1,215

 

 

Other Assets

 

$

453

 

 

Schedule of Pre-Tax Net Gains (Losses) of Cash flow Hedges

The table below presents the pre-tax net gains (losses) of the Company’s cash flow hedges for the period ended September 30, 2017 and 2016, respectively, and where they were recorded in the Consolidated Statement of Income, (in thousands).

 

Derivatives in Cash Flow Hedging Relationships

 

Gain Recognized in

OCI on Derivative

(Effective Portion)

Year Ended

September 30,

 

 

Location of Gain or

(Loss) Reclassified from

Accumulated OCI into

Income (Effective Portion)

 

Gain or (Loss) Reclassified from

Accumulated OCI

into Income

(Effective Portion)

Year Ended

September 30,

 

 

Location of Gain or

(Loss) Recognized in

Income on Derivative

(Ineffective Portion)

 

Gain or (Loss)

Recognized in

Income on Derivative

(Ineffective Portion)

Year Ended

September 30,

 

 

 

2017

 

 

2016

 

 

 

 

2017

 

 

2016

 

 

 

 

2017

 

 

2016

 

Interest Rate Products

 

$

911

 

 

$

430

 

 

Interest expense

 

$

5

 

 

$

(23

)

 

Other non-interest income

 

$

-

 

 

$

-

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Ending balance of OCI

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Total

 

$

911

 

 

$

430

 

 

 

 

$

5

 

 

$

(23

)

 

 

 

$

-

 

 

$

-