DERIVATIVES AND HEDGING ACTIVITIES (Tables)

12 Months Ended

Dec. 31, 2020

Derivative Instruments And Hedging Activities Disclosure [Abstract]

Summary of Fair Value of Derivative Assets and Liabilities

This table provides a summary of the fair value of the Company’s derivative assets and liabilities as of December 31, 2020 and December 31, 2019 (in thousands):

	Derivative Assets				Derivative Liabilities
	December 31,				December 31,
Fair Value	2020		2019		2020		2019
Interest Rate Products:
Derivatives not designated as hedging instruments	$	103,506	$	47,458	$	9,375	$	5,997
Derivatives designated as hedging instruments		48		7,818		—		—
Total	$	103,554	$	55,276	$	9,375	$	5,997

Summary of Amount of Gain (Loss) Recognized in Other Non-Interest Expense in Consolidated Statements of Income Related to Derivative Assets and Liabilities

This table provides a summary of the amount of gain or loss recognized in Other noninterest expense in the Consolidated Statements of Income for the years ended December 31, 2020, 2019, and 2018 related to the Company’s derivative assets and liabilities (in thousands):

	Amount of (Loss) Gain Recognized
	For the Year Ended December 31,
	2020			2019			2018
Interest Rate Products
Derivatives not designated as hedging instruments	$	(720	)	$	464		$	(94	)
Total	$	(720	)	$	464		$	(94	)
Interest Rate Products
Derivatives designated as hedging instruments:
Fair value adjustments on derivatives	$	(139	)	$	(150	)	$	59
Fair value adjustments on hedged items		139			150			(58	)
Total	$	—		$	—		$	1

Summary of Effect of Hedges on AOCI in Consolidated Statements of Comprehensive Income Related to Company's Derivative Assets and Liabilities

This table provides a summary of the effect of hedges on AOCI in the Consolidated Statements of Comprehensive Income for the years ended December 31, 2020, 2019, and 2018 related to the Company’s derivative assets and liabilities (in thousands):

	For the Year Ended December 31, 2020
Derivatives in Cash Flow Hedging Relationships	Gain (Loss) Recognized in OCI on Derivative			Gain (Loss) Recognized in OCI Included Component			Loss Recognized in OCI Excluded Component			Gain (Loss) Reclassified from AOCI into Earnings			Gain (Loss) Reclassified from AOCI into Earnings Included Component			Loss Reclassified from AOCI into Earnings Excluded Component
Interest rate floor	$	28,390		$	34,917		$	(6,527	)	$	2,943		$	5,398		$	(2,455	)
Interest rate swaps		(7,411	)		(7,411	)		—			(1,038	)		(1,038	)		—
Total	$	20,979		$	27,506		$	(6,527	)	$	1,905		$	4,360		$	(2,455	)

	For the Year Ended December 31, 2019
Derivatives in Cash Flow Hedging Relationships	Loss Recognized in OCI on Derivative			Loss Recognized in OCI Included Component			Loss Recognized in OCI Excluded Component			Loss Reclassified from AOCI into Earnings			Loss Reclassified from AOCI into Earnings Included Component			Loss Reclassified from AOCI into Earnings Excluded Component
Interest rate floor	$	(9,278	)	$	(4,245	)	$	(5,033	)	$	(874	)	$	—		$	(874	)
Interest rate swaps		(6,040	)		(6,040	)		—			(149	)		(149	)		—
Total	$	(15,318	)	$	(10,285	)	$	(5,033	)	$	(1,023	)	$	(149	)	$	(874	)

	For the Year Ended December 31, 2018
Derivatives in Cash Flow Hedging Relationships	Gain Recognized in OCI on Derivative		Gain Recognized in OCI Included Component		Gain Recognized in OCI Excluded Component		Gain Reclassified from AOCI into Earnings		Gain Reclassified from AOCI into Earnings Included Component		Gain Reclassified from AOCI into Earnings Excluded Component
Interest rate swaps	$	1,906	$	1,906	$	—	$	—	$	—	$	—
Total	$	1,906	$	1,906	$	—	$	—	$	—	$	—