XML 42 R32.htm IDEA: XBRL DOCUMENT v3.8.0.1
Derivatives and Balance Sheet Offsetting (Tables)
 3 Months Ended
Mar. 31, 2018
Derivative [Line Items]  
Balance Sheet Offsetting [Table Text Block]
The following tables show the gross interest rate swap agreements and repurchase agreements in the Consolidated Balance Sheets and the respective collateral received or pledged in the form of other financial instruments, which are generally marketable securities. The collateral amounts in these tables are limited to the outstanding balances of the related asset or liability. Therefore, instances of overcollateralization are not shown.
 
Gross Amounts of Recognized Assets/Liabilities
 
Gross Amounts Offset in the Consolidated Balance Sheets
 
Net Amounts of Assets/Liabilities Presented in the Consolidated Balance Sheets
 
Gross Amounts Not Offset in the Consolidated Balance Sheets
 
 
 
 
Collateral Posted
 
Net Amount
March 31, 2018
(in thousands)
Assets
 
 
 
 
 
 
 
 
 
Interest rate contracts
$
7,406

 
$
—

 
$
7,406

 
$
—

 
$
7,406

Liabilities
 
 
 
 
 
 
 
 
 
Interest rate contracts
$
7,409

 
$
—

 
$
7,409

 
$
(1,190
)
 
$
6,219

Repurchase agreements
$
24,247

 
$
—

 
$
24,247

 
$
(24,247
)
 
$
—

 
 
 
 
 
 
 
 
 
 
December 31, 2017
 
 
 
 
 
 
 
 
 
Assets
 
 
 
 
 
 
 
 
 
Interest rate contracts
$
6,707

 
$
—

 
$
6,707

 
$
—

 
$
6,707

Liabilities
 
 
 
 
 
 
 
 
 
Interest rate contracts
$
6,714

 
$
—

 
$
6,714

 
$
(6,714
)
 
$
—

Repurchase agreements
$
79,059

 
$
—

 
$
79,059

 
$
(79,059
)
 
$
—
Carrying Value of Securities Pledged As Collateral
The following table summarizes the carrying value of securities pledged as collateral to secure public deposits, borrowings and other purposes as permitted or required by law:
 
 
March 31, 2018
 
 
(in thousands)
Washington and Oregon State to secure public deposits
 
$
246,950

Federal Reserve Bank to secure borrowings
 
52,754

Other securities pledged
 
102,363

Total securities pledged as collateral
 
$
402,067
Not Designated as Hedging Instrument [Member]  
Derivative [Line Items]  
Schedule of Derivative Instruments in Statement of Financial Position, Fair Value
The following table presents the fair value of derivatives not designated as hedging instruments at March 31, 2018 and December 31, 2017:
 
Asset Derivatives
 
Liability Derivatives
 
March 31, 2018
 
December 31, 2017
 
March 31, 2018
 
December 31, 2017
 
Balance Sheet
Location
 
Fair Value
 
Balance Sheet
Location
 
Fair Value
 
Balance Sheet
Location
 
Fair Value
 
Balance Sheet
Location
 
Fair Value
 
(in thousands)
Interest rate contracts
Other assets
 
$
7,406

 
Other assets
 
$
6,707

 
Other liabilities
 
$
7,409

 
Other liabilities
 
$
6,714
Available-for-sale Securities [Member]  
Derivative [Line Items]  
Carrying Value of Securities Pledged As Collateral
The following table presents the class of collateral pledged for repurchase agreements as well as the remaining contractual maturity of the repurchase agreements:
 
 
Remaining contractual maturity of the agreements
 
 
Overnight and continuous
 
Up to 30 days
 
30 - 90 days
 
Greater than 90 days
 
Total
March 31, 2018
 
(in thousands)
Class of collateral pledged for repurchase agreements
 
 
 
 
 
 
 
 
 
 
U.S. government agency and government-sponsored enterprise mortgage-backed securities and collateralized mortgage obligations
 
$
24,247

 
$
—

 
$
—

 
$
—

 
$
24,247

Gross amount of recognized liabilities for repurchase agreements
 
 
 
 
 
 
 
 
 
24,247

Amounts related to agreements not included in offsetting disclosure
 
 
 
 
 
 
 
 
 
$
—