Interest Rate Swap Derivatives (Tables)

3 Months Ended

Mar. 31, 2020

Derivative Instruments And Hedging Activities Disclosure [Abstract]

Summary Information about the Interest Rate Swap Derivative Instruments

Summary information about the interest rate swap derivative instruments is as follows:

	March 31, 2020	December 31, 2019
Notional amount	$12,408,888	$10,596,427
Weighted average pay rate on interest-rate swaps	2.70%	3.20%
Weighted average receive rate on interest rate swaps	2.70%	3.20%
Weighted average maturity (years)	11	11
Fair value of interest rate swap derivatives (asset)	$831,891	$273,068
Fair value of interest rate swap derivatives (liability)	$833,977	$274,216

Summary Information about Cash Flow Hedges Included in Condensed Consolidated Balance Sheets

The following table reflects the cash flow hedge included in the Condensed Consolidated Balance Sheets as of March 31, 2020:

	March 31, 2020
Notional amount	$150,000
Fair value of interest rate swap derivatives (asset)	—
Fair value of interest rate swap derivatives (liability)	8,474

Summary Information about Net Unrealized Holding Losses in AOCI and Condensed Consolidated Statements of Income and Comprehensive Income Relating to Cash Flow Derivative Instrument

The following table presents the net unrealized holding losses recorded in Accumulated Other Comprehensive Income on the Company’s Condensed Consolidated Balance Sheet and Condensed Consolidated Statements of Income and Comprehensive Income relating to the cash flow derivative instrument for the three-month period ended March 31, 2020:

	March 31, 2020
	Amount of	Amount of gain / (loss)	Location of gain / (loss)
	loss	reclassified from OCI	reclassified from AOCI
	recognized in OCI	to interest income	to income
Interest rate contracts - pay fixed, receive floating	$(5,740)	$                               —	Interest expense: Federal funds purchased and other borrowings