XML 45 R35.htm IDEA: XBRL DOCUMENT v3.23.1
Note 15 - Financial Derivatives (Tables)
3 Months Ended
Mar. 31, 2023
Notes Tables  
Schedule of Cash Flow Hedging Instruments, Statements of Financial Performance and Financial Position, Location [Table Text Block]
  

March 31, 2023

  

December 31, 2022

 

Fair value swap hedges:

 

(In thousands)

 

Notional

 $807,332  $874,034 

Weighted average fixed rate-pay

  1.92%  2.12%

Weighted average variable rate spread

  0.44%  0.68%

Weighted average variable rate-receive

  5.04%  2.61%
         

Net unrealized gain (1)

 $29,815  $38,589 
  

Three months ended

 
  

March 31, 2023

  

March 31, 2022

 

Periodic net settlement of swaps (2)

 $6,336  $(1,762)
Derivatives Not Designated as Hedging Instruments [Table Text Block]
  

March 31, 2023

  

December 31, 2022

 

 

 

(In thousands)

 
Derivative financial instruments not designated as hedging instruments:        

Notional amounts:

        

Forward, and swap contracts with positive fair value

 $234,733  $72,996 

Forward, and swap contracts with negative fair value

 $42,753  $170,213 

Fair value:

        

Forward, and swap contracts with positive fair value

 $975  $448 

Forward, and swap contracts with negative fair value

 $(429) $(942)