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Derivative Financial Instruments (Tables)
12 Months Ended
Dec. 31, 2019
Derivative [Line Items]  
Schedule of Derivative Instruments in Statement of Financial Position, Fair Value [Table Text Block]

The table below presents the fair value of the Company’s derivative financial instruments as well as their classification on the Balance Sheet as of December 31, 2019 and December 31, 2018.
 
 Derivative Assets
 
Derivative Liabilities
 
December 31, 2019
December 31, 2018
 
December 31, 2019
December 31, 2018
($ in thousands)
Notional Amount
Balance Sheet Location
Fair Value
Notional Amount
Balance Sheet Location
Fair Value
 
Balance Sheet Location
Fair Value
Balance Sheet Location
Fair Value
Derivatives Designated as Hedging Instruments
Interest rate swap
$
61,962

Other Assets
$

$

Other Assets
$

 
Other Liabilities
$
2,872

Other Liabilities
$

Total
 
 
$

 
 
$

 
 
$
2,872

 
$

 
 
 
 
 
 
 
 
 
 
 
 
Derivatives not Designated as Hedging Instruments
Interest rate swap
$
749,819

Other Assets
$
11,055

$
494,567

Other Assets
$
2,217

 
Other Liabilities
$
11,875

Other Liabilities
$
2,217

Foreign exchange forward contracts

Other Assets

806

Other Assets
806

 
Other Liabilities

Other Liabilities
806

Total
 
 
$
11,055

 
 
$
3,023

 
 
$
11,875

 
$
3,023

 
 
 
 
 
The table below presents a gross presentation, the effects of offsetting, and a net presentation of the Company’s financial instruments that are subject to offsetting as of December 31, 2019 and December 31, 2018. The gross amounts of assets or liabilities can be reconciled to the tabular disclosure of fair value. The tabular disclosure of fair value provides the location that financial assets and liabilities are presented on the Balance Sheet.
As of December 31, 2019
 
 
 
Gross Amounts Not Offset
 
 

($ in thousands)
Gross Amounts Recognized
 
Gross Amounts Offset
 
Net Amounts of Assets Presented
 
Financial Instruments
 
Fair Value Collateral Posted
 
Net Amount
Assets:
 
 
 
 
 
 
 
 
 
 
 
Interest rate swap
$
11,055

 
$

 
$
11,055

 
$
56

 
$

 
$
10,999

 
 
 
 
 
 
 
 
 
 
 
 
Liabilities:
 
 
 
 
 
 
 
 
 
 
 
Interest rate swap
$
14,747

 
$

 
$
14,747

 
$
56

 
$
14,573

 
$
118

Securities sold under agreements to repurchase
230,886

 

 
230,886

 

 
230,886

 

 
As of December 31, 2018
 
 
 
Gross Amounts Not Offset
 
 

($ in thousands)
Gross Amounts Recognized
 
Gross Amounts Offset
 
Net Amounts of Assets Presented
 
Financial Instruments
 
Fair Value Collateral Posted
 
Net Amount
Assets:
 
 
 
 
 
 
 
 
 
 
 
Interest rate swap
$
2,217

 
$

 
$
2,217

 
$

 
$

 
$
2,217

 
 
 
 
 
 
 
 
 
 
 
 
Liabilities:
 
 
 
 
 
 
 
 
 
 
 
Interest rate swap
$
2,217

 
$

 
$
2,217

 
$

 
$

 
$
2,217

Securities sold under agreements to repurchase
221,450

 

 
221,450

 

 
221,450