DERIVATIVES (Tables)

6 Months Ended

Jun. 30, 2020

DERIVATIVES

Schedule of the fair values of derivative instruments in the Consolidated Balance Sheets

			Assets			Liabilities
			Balance			Balance
	Notional		Sheet	Fair		Sheet	Fair
	Amount		Location	Value		Location	Value
		(in thousands)
June 30, 2020:
Derivatives designated as Hedging Instruments
Interest rate swaps	$	100,000	—	$	—	Other liabilities	$	1,762
Derivatives not designated as Hedging Instruments
Derivative loan commitments	$	497,723	Other assets	$	10,822	Other liabilities	$	83
Forward loan sale commitments		412,750	Other assets		22	Other liabilities		1,984
Interest rate swaps		871,816	Other assets		46,855	Other liabilities		46,855
Risk participation agreements		128,510	Other assets		—	Other liabilities		—
Total				$	57,699		$	50,684
December 31, 2019:
Derivatives designated as Hedging Instruments
Interest rate swaps	$	—	—	$	—	—	$	—
Derivatives not designated as Hedging Instruments
Derivative loan commitments	$	100,938	Other assets	$	1,385	Other liabilities	$	174
Forward loan sale commitments		88,000	Other assets		26	Other liabilities		158
Interest rate swaps		725,332	Other assets		15,092	Other liabilities		15,092
Risk participation agreements		134,346	Other assets		—	Other liabilities		—
Total				$	16,503		$	15,424

Schedule of net gains and losses on derivative instruments

	Three Months Ended June 30,				Six Months Ended June 30,
	2020		2019		2020		2019
	(in thousands)
Derivatives designated as hedging instruments
Loss in OCI on derivatives (effective portion), net of tax	$	(1,269)	$	—	$	(1,269)	$	—
Gain reclassified from OCI into interest income or interest expense (effective portion)	$	149	$	—	$	149	$	—
Derivatives not designated as hedging instruments
Changes in fair value of derivative loan commitments
Mortgage banking income	$	4,337	$	470	$	9,528	$	1,014
Changes in fair value of forward loan sale commitments
Mortgage banking income		1,842		(351)		(1,830)		(333)
Changes in fair value of interest rate swaps
Other income		—		—		—		—
Total	$	6,179	$	119	$	7,698	$	681