Derivatives and Hedging Activities (Tables)

6 Months Ended

Jun. 30, 2017

Derivative Instruments and Hedging Activities Disclosure [Abstract]

Schedule of Derivative Instruments in Statement of Financial Position, Fair Value [Table Text Block]

The following table presents the fair value of the Company’s derivative financial instruments as well as their classification on the consolidated balance sheets as of June 30, 2017 and December 31, 2016:

	June 30, 2017							December 31, 2016
	Asset derivatives			Liability derivatives				Asset derivatives			Liability derivatives
	Balance sheet location	Fair value (1)		Balance sheet location	Fair value (1)			Balance sheet location	Fair value (1)		Balance sheet location	Fair value (1)
	(In thousands)
Derivatives designated as hedging instruments:
Interest rate products	Other assets	$	—	Other liabilities	$	(736	)	Other assets	$	—	Other liabilities	$	(1,040	)
Derivatives not designated as hedging instruments:
Interest rate products	Other assets	16,120		Other liabilities	(16,294		)	Other assets	17,032		Other liabilities	(16,560		)
Risk participation agreements	Other assets	1		Other liabilities	(141		)	Other assets	15		Other liabilities	(6		)
Foreign exchange contracts	Other assets	1		Other liabilities	(1		)	Other assets	—		Other liabilities	—
Total		$	16,122		$	(17,172	)		$	17,047		$	(17,606	)

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(1) For additional details, see Part I. Item 1. “Notes to Unaudited Consolidated Financial Statements-Note 5: Fair Value Measurements.”

Schedule of Derivative Instruments, Gain (Loss) in Statement of Financial Performance [Table Text Block]

The following tables present the effect of the Company’s derivative financial instruments in the consolidated statements of operations for the three and six months ended June 30, 2017 and 2016:

Derivatives in cash flow hedging relationships	Amount of gain or (loss) recognized in OCI on derivatives (effective portion) (1)						Location of gain or (loss) reclassified from accumulated OCI into income (effective portion)	Amount of gain or (loss) reclassified from accumulated OCI into income (effective portion)
	Three months ended June 30,							Three months ended June 30,
	2017			2016				2017			2016
(In thousands)
Interest rate products	$	(425	)	$	(643	)	Interest expense	$	(357	)	$	(453	)
Total	$	(425	)	$	(643	)		$	(357	)	$	(453	)

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(1) There was an additional $2 thousand gain related to the ineffective portion for the three months ended as of June 30, 2017 and $3 thousand gain related to the ineffective portion for the three months ended as of June 30, 2016.

Derivatives in cash flow hedging relationships	Amount of gain or (loss) recognized in OCI on derivatives (effective portion) (1)						Location of gain or (loss) reclassified from accumulated OCI into income (effective portion)	Amount of gain or (loss) reclassified from accumulated OCI into income (effective portion)
	Six months ended June 30,							Six months ended June 30,
	2017			2016				2017			2016
(In thousands)
Interest rate products	$	(358	)	$	(2,591	)	Interest expense	$	(660	)	$	(914	)
Total	$	(358	)	$	(2,591	)		$	(660	)	$	(914	)

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(1) There was an additional $2 thousand loss related to the ineffective portion for the six months ended as of June 30, 2017 and $45 thousand gain related to the ineffective portion for the six months ended as of June 30, 2016.

Schedule of Derivative Instruments, Effect on Other Comprehensive Income (Loss) [Table Text Block]

The following table presents the components of the Company’s accumulated other comprehensive income/ (loss) related to the derivatives for the three and six months ended June 30, 2017 and 2016:

	Three months ended June 30,						Six months ended June 30,
	2017			2016			2017			2016
	(In thousands)
Accumulated other comprehensive income/ (loss) on cash flow hedges, balance at beginning of period	$	(389	)	$	(2,023	)	$	(605	)	$	(1,123	)
Net change in unrealized gain/ (loss) on cash flow hedges	(40		)	(86		)	176			(986		)
Accumulated other comprehensive income/ (loss) on cash flow hedges, balance at end of period	$	(429	)	$	(2,109	)	$	(429	)	$	(2,109	)

Schedule of Other Derivatives Not Designated as Hedging Instruments, Statements of Financial Performance and Financial Position, Location [Table Text Block]

The following table presents the effect of the Bank’s derivative financial instruments not designated as hedging instruments in the consolidated statement of operations for the three and six months ended June 30, 2017 and 2016.

		Amount of gain or (loss), net, recognized in income on derivatives
Derivatives not designated as hedging instruments	Location of gain or (loss) recognized in income on derivatives	Three months ended June 30,						Six months ended June 30,
		2017			2016			2017			2016
		(In thousands)
Interest rate products	Other income/ (expense)	$	(324	)	$	(1,554	)	$	(646	)	$	(2,159	)
Risk participation agreements	Other income/ (expense)	320			7			320			13
Total		$	(4	)	$	(1,547	)	$	(326	)	$	(2,146	)