Derivatives, Hedging Activities and Interest Expense (Tables)

3 Months Ended

Jun. 30, 2018

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, 2018
	Hedge accounting				Non-hedge
	derivatives				accountingderivatives				Total
			Fair				Fair				Fair
	Notional		value		Notional		value		Notional		value
Other assets:
Interest rate swaps	$	-	$	-	$	67,920	$	915	$	67,920	$	915
Interest rate floors		-		-		847		-		847		-
Foreign currency swaps		26		5		3,742		153		3,768		158
Total	$	26	$	5	$	72,509	$	1,068	$	72,535	$	1,073
Counterparty netting and collateral held												(991	)
Carrying value of derivative    contracts – Other assets											$	82
Other liabilities:
Interest rate swaps	$	-	$	-	$	47,220	$	686	$	47,220	$	686
Foreign currency swaps		93		3		9,369		545		9,462		548
Total	$	93	$	3	$	56,589	$	1,231	$	56,682	$	1,234
Counterparty netting and collateral posted												(1,230	)
Carrying value of derivative    contracts – Other liabilities											$	4

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

	March 31, 2018
	Hedge accounting				Non-hedge
	derivatives				accountingderivatives				Total
			Fair				Fair				Fair
	Notional		value		Notional		value		Notional		value
Other assets:
Interest rate swaps	$	-	$	-	$	71,464	$	872	$	71,464	$	872
Interest rate floors		-		-		847		1		847		1
Foreign currency swaps		119		8		7,248		477		7,367		485
Total	$	119	$	8	$	79,559	$	1,350	$	79,678	$	1,358
Counterparty netting and collateral held												(1,297	)
Carrying value of derivative    contracts – Other assets											$	61
Other liabilities:
Interest rate swaps	$	-	$	-	$	41,513	$	628	$	41,513	$	628
Foreign currency swaps		-		-		5,863		200		5,863		200
Total	$	-	$	-	$	47,376	$	828	$	47,376	$	828
Counterparty netting and collateral posted												(822	)
Carrying value of derivative    contracts – Other liabilities											$	6

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,
	2018			2017
Interest expense on debt	$	601		$	467
Interest income on derivatives		(25	)		(16	)
Interest expense on debt and derivatives, net		576			451
(Gain) loss on non-hedge accounting debt denominated in foreign currencies		(646	)		650
Loss (gain) on non-hedge accounting foreign currency swaps		683			(650	)
Loss (gain) on U.S. dollar non-hedge accounting interest rate swaps		69			(3	)
Total interest expense	$	682		$	448