Derivative Instruments and hedging activities (Tables)

12 Months Ended

Dec. 31, 2020

Derivative Instruments and Hedging Activities Disclosure

Schedule of Derivative Instruments in Statement of Financial Position, Fair Value [Table Text Block]

		Notional amount			Derivative assets					Derivative liabilities
					Statement of		Fair value at			Statement of		Fair value at
		At December 31,			condition		December 31,			condition		December 31,
(In thousands)		2020		2019	classification		2020		2019	classification		2020		2019
Derivatives designated as
hedging instruments:
Forward contracts	$	188,800	$	97,600	Other assets	$	-	$	32	Other liabilities	$	1,267	$	264
Total derivatives designated
as hedging instruments	$	188,800	$	97,600		$	-	$	32		$	1,267	$	264
Derivatives not designated
as hedging instruments:
Interest rate caps		29,248		169,962	Other assets		-		1	Other liabilities		-		1
Indexed options on deposits		69,054		69,354	Other assets		20,785		17,933	-		-		-
Bifurcated embedded options		63,121		66,755	-		-		-	Interest bearing deposits		17,658		16,354
Total derivatives not
designated as
hedging instruments	$	161,423	$	306,071		$	20,785	$	17,934		$	17,658	$	16,355
Total derivative assets
and liabilities	$	350,223	$	403,671		$	20,785	$	17,966		$	18,925	$	16,619

Schedule of Derivative Instruments, Gain (Loss) in Statement of Financial Performance [Table Text Block]

Year ended December 31, 2020
(In thousands)	Amount of net gain (loss) recognized in OCI on derivatives (effective portion)		Classification in the statement of operations of the net gain (loss) reclassified from AOCI into income (effective portion and ineffective portion)		Amount of net gain (loss) reclassified from AOCI into income (effective portion)		Amount of net gain (loss) recognized in income on derivatives (ineffective portion)
Forward contracts	$	(6,594)	Mortgage banking activities	$	(5,559)	$	-
Total	$	(6,594)		$	(5,559)	$	-

Year ended December 31, 2019
(In thousands)	Amount of net gain (loss) recognized in OCI on derivatives (effective portion)		Classification in the statement of operations of the net gain (loss) reclassified from AOCI into income (effective portion and ineffective portion)		Amount of net gain (loss) reclassified from AOCI into income (effective portion)		Amount of net gain (loss) recognized in income on derivatives (ineffective portion)
Forward contracts	$	(3,502)	Mortgage banking activities	$	(3,992)	$	-
Total	$	(3,502)		$	(3,992)	$	-

Year ended December 31, 2018
(In thousands)	Amount of net gain (loss) recognized in OCI on derivatives (effective portion)		Classification in the statement of operations of the net gain (loss) reclassified from AOCI into income (effective portion and ineffective portion)		Amount of net gain (loss) reclassified from AOCI into income (effective portion)		Amount of net gain (loss) recognized in income on derivatives (ineffective portion)
Forward contracts	$	536	Mortgage banking activities	$	1,202	$	(92)
Total	$	536		$	1,202	$	(92)

Schedule of Derivative Instruments Included in Trading Activities [Table Text Block]

	Amount of Net Gain (Loss) Recognized in Income on Derivatives
		Year ended		Year ended		Year ended
	Classification of Net Gain (Loss)	December 31,		December 31,		December 31,
(In thousands)	Recognized in Income on Derivatives	2020		2019		2018
Forward contracts	Mortgage banking activities	$	(5,027)	$	(2,254)	$	1,213
Interest rate caps	Other operating income		-		(5)		(4)
Indexed options on deposits	Interest expense		5,462		7,898		114
Bifurcated embedded options	Interest expense		(3,417)		(6,883)		(50)
Total		$	(2,982)	$	(1,244)	$	1,273