Derivatives, Hedging Activities and Interest Expense (Tables)

3 Months Ended

Jun. 30, 2017

Derivative Instruments And Hedging Activities Disclosure [Abstract]

Derivative Activity Impact on Consolidated Balance Sheet

The following tables show the financial statement line item and amount of our derivative assets and liabilities that are reported in our Consolidated Balance Sheets:

	June 30, 2017
	Hedge accounting				Non-hedge
	derivatives				accountingderivatives				Total
			Fair				Fair				Fair
	Notional		value		Notional		value		Notional		value
Other assets:
Interest rate swaps	$	-	$	-	$	66,469	$	503	$	66,469	$	503
Interest rate floors		-		-		1,673		2		1,673		2
Foreign currency swaps		271		25		5,029		251		5,300		276
Total	$	271	$	25	$	73,171	$	756	$	73,442	$	781
Counterparty netting and collateral held												(720	)
Carrying value of derivative    contracts – Other assets											$	61
Other liabilities:
Interest rate swaps	$	-	$	-	$	42,817	$	271	$	42,817	$	271
Interest rate caps		-		-		30		-		30		-
Foreign currency swaps		93		2		8,792		596		8,885		598
Total	$	93	$	2	$	51,639	$	867	$	51,732	$	869
Counterparty netting and collateral posted												(855	)
Carrying value of derivative    contracts – Other liabilities											$	14

Note 7 – Derivatives, Hedging Activities and Interest Expense (Continued)

	March 31, 2017
	Hedge accounting				Non-hedge
	derivatives				accountingderivatives				Total
			Fair				Fair				Fair
	Notional		value		Notional		value		Notional		value
Other assets:
Interest rate swaps	$	-	$	-	$	62,525	$	475	$	62,525	$	475
Interest rate floors		-		-		1,673		2		1,673		2
Foreign currency swaps		271		28		1,648		94		1,919		122
Total	$	271	$	28	$	65,846	$	571	$	66,117	$	599
Counterparty netting and collateral held												(548	)
Carrying value of derivative    contracts – Other assets											$	51
Other liabilities:
Interest rate swaps	$	-	$	-	$	45,297	$	277	$	45,297	$	277
Interest rate caps		-		-		30		-		30		-
Foreign currency swaps		93		1		12,570		1,175		12,663		1,176
Total	$	93	$	1	$	57,897	$	1,452	$	57,990	$	1,453
Counterparty netting and collateral posted												(1,407	)
Carrying value of derivative    contracts – Other liabilities											$	46

Components of Interest Expense

The following table summarizes the components of interest expense, including the location and amount of gains and losses on derivative instruments and related hedged items, as reported in our Consolidated Statements of Income:

	Three Months Ended
	June 30,
	2017			2016
Interest expense on debt	$	467		$	359
Interest income on derivatives		(16	)		(2	)
Interest expense on debt and derivatives, net		451			357
Loss (gain) on hedge accounting derivatives:
Foreign currency swaps		7			(33	)
Loss (gain) on hedge accounting derivatives		7			(33	)
Less hedged item:  change in fair value of fixed rate   debt denominated in a foreign currency		(7	)		33
Ineffectiveness related to hedge accounting derivatives		-			-
Loss (gain) on debt denominated in foreign currencies    and U.S. dollar non-hedge accounting derivatives:
Loss (gain) on non-hedge accounting debt denominated   in foreign currencies		650			(218	)
(Gain) loss on non-hedge accounting foreign currency swaps		(650	)		188
Gain on U.S. dollar non-hedge accounting interest   rate swaps		(3	)		(20	)
Total interest expense	$	448		$	307