Derivative Instruments and Hedge Activities (Tables)

9 Months Ended

Sep. 30, 2019

Derivative Instruments And Hedging Activities Disclosure [Abstract]

Summary of Derivative Financial Instruments and Classification on Consolidated Statements of Financial Condition

The following tables present the fair value of the Company’s derivative financial instruments and classification on the Consolidated Statements of Financial Condition as of September 30, 2019 and December 31, 2018:

	September 30, 2019						December 31, 2018
			Fair Value						Fair Value
	Notional Amount		Other Assets		Other Liabilities		Notional Amount		Other Assets		Other Liabilities
Derivatives designated as hedging instruments
Interest rate swaps designated as cash     flow hedges	$	—	$	—	$	—	$	250,000	$	6,699	$	—
Derivatives not designated as hedging instruments
Other interest rate derivatives		296,656		10,288		11,076		294,545		4,041		4,237
Other credit derivatives		9,519		—		17		4,424		—		6
Total derivatives	$	306,175	$	10,288	$	11,093	$	548,969	$	10,740	$	4,243

Summary of Net Gains (Losses) Recorded in Accumulated Other Comprehensive Income (Loss) and Consolidated Statements of Operations Relating to Cash Flow Derivative Instruments

The following table reflects the net gains (losses) recorded in accumulated other comprehensive income (loss) and the Consolidated Statements of Operations relating to the cash flow derivative instruments for the nine months ended: 

	September 30, 2019							September 30, 2018
	Amount of Loss Recognized in OCI			Amount of Gain Reclassified from OCI to Income as a Decrease to Interest Expense		Amount of Gain (Loss) Recognized in Other Non-Interest Income		Amount of Gain Recognized in OCI		Amount of Gain Reclassified from OCI to Income as an Increase to Interest Expense		Amount of Gain (Loss) Recognized in Other Non-Interest Income
Interest rate swaps	$	(5,484	)	$	1,643	$	—	$	6,702	$	863	$	—

Summary of Other Interest Rate Derivatives

The following table reflects other interest rate derivatives as of September 30, 2019

Notional amounts	$	296,656
Derivative assets fair value		10,288
Derivative liabilities fair value		11,076
Weighted average pay rates		4.74	%
Weighted average receive rates		4.37	%
Weighted average maturity	6.8 years

Summary of Company's Interest Rate Derivative and Offsetting Positions

The Company records interest rate derivatives subject to master netting agreements at their gross value and does not offset derivative asset and liabilities on the Consolidated Statements of Financial Condition. The table below summarizes the Company’s interest rate derivatives and offsetting positions as of: 

	September 30, 2019						December 31, 2018
	Derivative Assets Fair Value			Derivative Liabilities Fair Value			Derivative Assets Fair Value			Derivative Liabilities Fair Value
Gross amounts recognized	$	10,288		$	11,093		$	10,740		$	4,243
Less: Amounts offset in the Consolidated Statements of    Financial Condition		—			—			—			—
Net amount presented in the Consolidated Statements of    Financial Condition	$	10,288		$	11,093		$	10,740		$	4,243
Gross amounts not offset in the Consolidated Statements of    Financial Condition
Offsetting derivative positions		(1	)		(1	)		(2,823	)		(2,823	)
Collateral posted		(10,287	)		(11,092	)		(7,917	)		(1,317	)
Net credit exposure	$	—		$	—		$	—		$	103