XML 36 R26.htm IDEA: XBRL DOCUMENT v3.8.0.1
Derivatives (Tables)
3 Months Ended
Mar. 31, 2018
Derivative Instruments and Hedging Activities Disclosure [Abstract]  
Schedule of Interest Rate Derivatives
The table below presents information about derivative financial instruments not designated as hedging instruments at March 31, 2018 and December 31, 2017.
 
Derivative Gains
 
Derivative Losses
 
Notional
Amount
 
Fair
Value
 
Notional
Amount
 
Fair
Value
 
(In thousands)
March 31, 2018
 
 
 
 
 
 
 
Economic hedges:
 
 
 
 
 
 
 
Commercial loan level interest rate swap agreements
$
597,239

 
$
13,313

 
$
597,239

 
$
13,313

Other contracts
37,519

 
37

 
54,114

 
25

Total derivatives
$
634,758

 
$
13,350

 
$
651,353

 
$
13,338

December 31, 2017
 
 
 
 
 
 
 
Economic hedges:
 
 
 
 
 
 
 
Commercial loan level interest rate swap agreements
$
582,388

 
$
8,741

 
$
582,388

 
$
8,741

Other contracts
27,689

 
25

 
54,293

 
44

Total derivatives
$
610,077

 
$
8,766

 
$
636,681

 
$
8,785

Summary of Fair Value and Location of Mortgage Loan and Forward Loan Sale Commitments
The fair value of such commitments as of March 31, 2018 and December 31, 2017 are outlined below:
 
Assets
 
Liabilities
 
Balance sheet location
 
Fair
Value
 
Balance sheet location
 
Fair
Value
 
(In thousands)
March 31, 2018
 
 
 
 
 
 
 
Derivative loan commitments:
 
 
 
 
 
 
 
Mortgage loan commitments best efforts
Other assets
 
$
206

 
Other liabilities
 
$
16

Mortgage loan commitments mandatory delivery
Other assets
 
171

 
Other liabilities
 
—

Total mortgage derivative commitments
 
 
$
377

 
 
 
$
16

 
 
 
 
 
 
 
 
Forward loan sale commitments:
 
 
 
 
 
 
 
Forward loan sale commitments best efforts
Other assets
 
$
30

 
Other liabilities
 
$
66

Forward loan sale commitments mandatory delivery
Other assets
 
—

 
Other liabilities
 
55

Total forward loan sale commitments
 
 
$
30

 
 
 
$
121

Total
 
 
$
407

 
 
 
$
137

 
 
 
 
 
 
 
 
December 31, 2017
 
 
 
 
 
 
 
Derivative loan commitments:
 
 
 
 
 
 
 
Mortgage loan commitments best efforts
Other assets
 
$
210

 
Other liabilities
 
$
36

Mortgage loan commitments mandatory delivery
Other assets
 
—

 
Other liabilities
 
—

Total mortgage derivative commitments
 
 
$
210

 
 
 
$
36

Forward loan sale commitments:
 
 
 
 
 
 
 
Forward loan sale commitments best efforts
Other assets
 
$
22

 
Other liabilities
 
$
69

Forward loan sale commitments mandatory delivery
Other assets
 
—

 
Other liabilities
 
—

Total forward loan sale commitments
 
 
$
22

 
 
 
$
69

Total

 
$
232

 

 
$
105