XML 45 R32.htm IDEA: XBRL DOCUMENT v3.8.0.1
Derivatives (Tables)
3 Months Ended
Mar. 31, 2018
Derivative Instruments and Hedging Activities Disclosure [Abstract]  
Credit Value Adjustment Recorded Related to Notional Amount Of Derivatives Outstanding
The following table depicts the credit value adjustment recorded related to the notional amount of derivatives outstanding as well as the notional amount of risk participation agreements participated to other banks:
 
March 31, 2018
 
December 31, 2017
 
(dollars in thousands)
Derivatives not Designated as Hedging Instruments
 
 
 
Credit value adjustment
$
(2
)
 
$
(791
)
Notional amount:
 
 
 
Interest rate derivatives
408,973

 
401,304

Interest rate caps
46,361

 
46,444

Risk participation agreements
189,491

 
197,660

Sold credit protection on risk participation agreements
(63,345
)
 
(46,170
)
Derivatives Designated as Hedging Instruments
 
 
 
Interest rate swaps:
 
 
 
Fair value adjustment
(590
)
 
459

Notional amount
115,000

 
150,000

Interest rate forwards:
 
 
 
Fair value adjustment
81

 
19

Notional amount
22,000

 
17,000

Foreign exchange forwards:
 
 
 
Fair value adjustment
(13
)
 
(70
)
Notional amount
7,858

 
10,077

Schedule of Changes in Fair Value of Derivative Assets and Liabilities
The table below presents the amount representing the change in the fair value of derivative assets and derivative liabilities attributable to credit risk included in "Other income" on the Condensed Consolidated Statements of Income:
 
For the Three Months Ended March 31,
 
2018
 
2017
 
(dollars in thousands)
Non-hedging interest rate derivatives
 
 
 
Increase in other income
$
789

 
$
2

Hedging interest rate derivatives
 
 
 
(Decrease) increase in interest and fees on loans
(81
)
 
249

Increase in other expense

 
78

Hedging interest rate forwards
 
 
 
(Decrease) increase in other expense
(62
)
 
112

Hedging foreign exchange forwards
 
 
 
(Decrease) increase in other expense
(3
)
 
2