Quarterly report pursuant to Section 13 or 15(d)

DERIVATIVES (Tables)

v3.8.0.1
DERIVATIVES (Tables)
 3 Months Ended
Mar. 31, 2018
Derivative Instruments and Hedging Activities Disclosure [Abstract]  
Summary of the Derivatives
The following table summarizes key elements of the Company’s derivative instruments as of March 31, 2018 and December 31, 2017, segregated by derivatives that are considered accounting hedges and those that are not (dollars in thousands):
 
 
March 31, 2018
 
December 31, 2017
 
 

Derivative (2)
 
 
Derivative (2)
 
Notional or
Contractual
Amount (1)
 
Assets
 
Liabilities
 
 
Notional or
Contractual
Amount (1)
 
Assets
 
Liabilities
 
Derivatives designated as accounting hedges:
 

 
 

 
 

 
 
 

 
 

 
 

 
Interest rate contracts:
 

 
 

 
 

 
 
 

 
 

 
 

 
Cash flow hedges
$
152,500

 
$
—

 
$
5,063

 
 
$
152,500

 
$
49

 
$
8,005

 
Fair value hedges
79,963

 
3,468

 
—

 
 
80,973

 
1,598

 
76

 
Derivatives not designated as accounting hedges:
 

 
 

 
 

 
 
 

 
 

 
 

 
Loan Swaps 
 

 
 

 
 

 
 
 

 
 

 
 

 
Pay fixed - receive floating interest rate swaps
704,424

 
13,368

 
2,641

 
 
529,736

 
—

 
1,350

 
Pay floating - receive fixed interest rate swaps
704,424

 
2,641

 
13,368

 
 
529,736

 
1,350

 
—

 
Other contracts:
 

 
 

 
 

 
 
 

 
 

 
 

 
Interest rate lock commitments
47,949

 
828

 
—

 
 
34,314

 
559

 
—

 
Best efforts forward delivery commitments
75,011

 
—

 
22

 
 
73,777

 
12

 
—

 
 
(1) Notional amounts are not recorded on the balance sheet and are generally used only as a basis on which interest and other payments are determined.
(2) Balances represent fair value of derivative financial instruments.