Annual report pursuant to Section 13 and 15(d)

DERIVATIVES (Tables)

v3.8.0.1
DERIVATIVES (Tables)
 12 Months Ended
Dec. 31, 2017
Summary of Derivative Instruments [Abstract]  
Summary of the Derivatives
The following table summarizes key elements of the Company’s derivative instruments as of December 31, 2017 and 2016, segregated by derivatives that are considered accounting hedges and those that are not (dollars in thousands):

 
December 31, 2017
 
December 31, 2016
 
 
 
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

 
$
49

 
$
8,005

 
$
188,500

 
$
211

 
$
9,619

Fair value hedges
80,973

 
1,598

 
76

 
65,920

 
1,437

 
296

Derivatives not designated as accounting hedges:
 

 
 

 
 

 
 

 
 

 
 

Loan Swaps
 

 
 

 
 

 
 

 
 

 
 

Pay fixed-receive floating interest rate swaps
529,736

 
—

 
1,350

 
373,355

 
—

 
1,005

Pay floating-receive fixed interest rate swaps
529,736

 
1,350

 
—

 
373,355

 
1,005

 
—

Other contracts:
 

 
 

 
 

 
 

 
 

 
 

Interest rate lock commitments
34,314

 
559

 
—

 
48,743

 
610

 
—

Best efforts forward delivery commitments
73,777

 
12

 
—

 
85,400

 
1,469

 
—

 
 
 
 
 
 
 
 
 
 
 
 
(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.