XML 62 R51.htm IDEA: XBRL DOCUMENT v3.21.2
Derivative Instruments and Hedging Activities (Details)
$ in Thousands
3 Months Ended 9 Months Ended
Sep. 30, 2021
USD ($)
Agreement
Sep. 30, 2020
USD ($)
Sep. 30, 2021
USD ($)
Agreement
Sep. 30, 2020
USD ($)
Dec. 31, 2020
USD ($)
Agreement
Interest rate derivatives - Included Component [Abstract]          
Amount of (loss) recognized in other comprehensive income $ 0 $ 0 $ 0 $ (274)  
Amount of loss reclassified from AOCI into interest expense 0 101 21 192  
Derivatives Designated as Hedging Instruments [Member] | Cash Flow Hedging [Member]          
Interest rate derivatives - Included Component [Abstract]          
Amount of (loss) recognized in other comprehensive income 0 0 0 (274)  
Derivatives Designated as Hedging Instruments [Member] | Cash Flow Hedging [Member] | Interest (Income) Expense [Member]          
Interest rate derivatives - Included Component [Abstract]          
Amount of loss reclassified from AOCI into interest expense 0 101 21 192  
Derivatives Designated as Hedging Instruments [Member] | Cash Flow Hedging [Member] | Interest Rate Swaps [Member]          
Derivative Liability [Abstract]          
Amount to be reclassified from AOCI as a reduction to interest expense during next twelve months     0    
Derivatives Designated as Hedging Instruments [Member] | Cash Flow Hedging [Member] | Interest Rate Swaps [Member] | Other Assets [Member]          
Derivative Asset [Abstract]          
Derivatives, notional amount         $ 0
Derivatives, fair value         0
Derivatives Designated as Hedging Instruments [Member] | Cash Flow Hedging [Member] | Interest Rate Swaps [Member] | Other Liabilities [Member]          
Derivative Liability [Abstract]          
Derivatives, notional amount         25,000
Derivatives, fair value         34
Derivatives Not Designated as Hedging Instruments [Member]          
Derivative Asset [Abstract]          
Derivatives, fair value 71,481   71,481   108,779
Netting adjustments, fair value [1] 0   0    
Net derivatives in the balance sheet, fair value 71,481   71,481    
Derivatives not offset on the balance sheet, fair value 4,869   4,869    
Cash collateral, fair value [2] 0   0   0
Net derivative amounts, fair value 66,612   66,612   108,779
Derivative Liability [Abstract]          
Derivatives, fair value 71,314   71,314   108,612
Netting adjustments, fair value [1] 3,684   3,684    
Net derivatives in the balance sheet, fair value 67,630   67,630    
Derivatives not offset on the balance sheet, fair value 4,869   4,869    
Cash collateral, fair value [2] 55,730   55,730   107,350
Net derivative amounts, fair value 7,031   7,031   $ 1,262
Derivatives Not Designated as Hedging Instruments [Member] | Other Income [Member]          
Gain or loss recognized in income on derivatives not designating as a hedging relationship [Abstract]          
(Decrease) increase in other income $ (307) $ (20) $ (382) $ 127  
Derivatives Not Designated as Hedging Instruments [Member] | Interest Rate Swaps [Member]          
Interest rate derivatives [Abstract]          
Number of risk participation agreements held | Agreement 18   18   17
Derivatives Not Designated as Hedging Instruments [Member] | Interest Rate Swaps [Member] | Other Assets [Member]          
Derivative Asset [Abstract]          
Derivatives, notional amount $ 1,346,853   $ 1,346,853   $ 1,223,584
Derivatives, fair value 71,246   71,246   108,487
Derivatives Not Designated as Hedging Instruments [Member] | Interest Rate Swaps [Member] | Other Liabilities [Member]          
Derivative Liability [Abstract]          
Derivatives, notional amount 1,346,853   1,346,853   1,223,584
Derivatives, fair value 71,246   71,246   108,487
Derivatives Not Designated as Hedging Instruments [Member] | Risk Participation Agreements [Member] | Other Assets [Member]          
Derivative Asset [Abstract]          
Derivatives, notional amount 91,348   91,348   72,528
Derivatives, fair value 235   235   292
Derivatives Not Designated as Hedging Instruments [Member] | Risk Participation Agreements [Member] | Other Liabilities [Member]          
Derivative Liability [Abstract]          
Derivatives, notional amount 37,852   37,852   39,785
Derivatives, fair value $ 68   $ 68   $ 125
[1] Netting adjustments represents the amounts recorded to convert derivatives assets and liabilities from a gross basis to a net basis in accordance with the applicable accounting guidance on the settle to market rules for cleared derivatives. The CME legally characterizes the variation margin posted between counterparties as settlements of the outstanding derivative contracts instead of cash collateral. Company began to clear certain derivative transactions through the CME in 2021.
[2] Cash collateral represents the amount that cannot be used to offset our derivative assets and liabilities from a gross basis to a net basis in accordance with the applicable accounting guidance. The other collateral consists of securities and is exchanged under bilateral collateral and master netting agreements that allow us to offset the net derivative position with the related collateral. The application of the other collateral cannot reduce the net derivative position below zero. Therefore, excess other collateral, if any, is not reflected above.