XML 74 R60.htm IDEA: XBRL DOCUMENT v3.20.1
Derivative Financial Instruments and Hedging Activities - Schedule Of Derivative Instruments (Details) - USD ($)
$ in Thousands
Mar. 31, 2020
Dec. 31, 2019
Asset Derivative    
Gross derivatives $ 21,409 $ 9,600
Offsetting derivative assets 0 (1,569)
Cash collateral received/posted 0 0
Net derivatives included in the consolidated balance sheets [1] 21,409 8,031
Liability Derivative    
Gross derivatives 43,244 11,742
Offsetting derivative liabilities 0 (1,569)
Cash collateral received/posted (43,039) (10,117)
Net derivatives included in the consolidated balance sheets [1] 205 56
Financial Institution Counterparties    
Derivatives, Fair Value [Line Items]    
Credit exposure related to interest rate swaps 591 883
Financial Institution Counterparties | Designated as Hedging Instrument | Cash Flow Hedging | Interest Rate Swap    
Derivatives, Fair Value [Line Items]    
Derivative, Notional Amount [2] 670,000 270,000
Asset Derivative    
Gross derivatives 0 1,513
Liability Derivative    
Gross derivatives 21,835 3,655
Financial Institution Counterparties | Not Designated as Hedging Instrument | Interest Rate Swap    
Derivatives, Fair Value [Line Items]    
Derivative, Notional Amount [2] 136,534 131,685
Asset Derivative    
Gross derivatives 0 56
Liability Derivative    
Gross derivatives 21,409 8,031
Customer Counterparties    
Derivatives, Fair Value [Line Items]    
Credit exposure related to interest rate swaps 21,400 8,000
Customer Counterparties | Not Designated as Hedging Instrument | Interest Rate Swap    
Derivatives, Fair Value [Line Items]    
Derivative, Notional Amount [2] 136,534 131,685
Asset Derivative    
Gross derivatives 21,409 8,031
Liability Derivative    
Gross derivatives $ 0 $ 56
[1]
Net derivative assets are included in other assets and net derivative liabilities are included in other liabilities on the consolidated balance sheets. Included in the fair value of net derivative assets and net derivative liabilities are credit valuation adjustments reflecting counterparty credit risk and our credit risk. We had $591,000 credit exposure related to interest rate swaps with financial institutions and $21.4 million related to interest rate swaps with customers at March 31, 2020. We had $883,000 credit exposure related to interest rate swaps with financial institutions and $8.0 million related to interest rate swaps with customers at December 31, 2019. The credit risk associated with customer transactions is partially mitigated as these are generally secured by the non-cash collateral securing the underlying transaction being hedged.
[2]
Notional amounts, which represent the extent of involvement in the derivatives market, are used to determine the contractual cash flows required in accordance with the terms of the agreement. These amounts are typically not exchanged, significantly exceed amounts subject to credit or market risk and are not reflected in the consolidated balance sheets.