Quarterly report pursuant to Section 13 or 15(d)

DERIVATIVES (Tables)

v3.8.0.1
DERIVATIVES (Tables)
 9 Months Ended
Sep. 30, 2017
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 September 30, 2017 and December 31, 2016, segregated by derivatives that are considered accounting hedges and those that are not (dollars in thousands):
 
 
September 30, 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

 
$
120

 
$
9,460

 
 
$
188,500

 
$
211

 
$
9,619

 
Fair value hedges
81,965

 
1,253

 
371

 
 
65,920

 
1,437

 
296

 
Derivatives not designated as accounting hedges:
 

 
 

 
 

 
 
 

 
 

 
 

 
Loan Swaps 
 

 
 

 
 

 
 
 

 
 

 
 

 
Pay fixed - receive floating interest rate swaps
506,056

 
3,051

 
—

 
 
373,355

 
—

 
1,005

 
Pay floating - receive fixed interest rate swaps
506,056

 
—

 
3,051

 
 
373,355

 
1,005

 
—

 
Other contracts:
 

 
 

 
 

 
 
 

 
 

 
 

 
Interest rate lock commitments
50,311

 
685

 
—

 
 
48,743

 
610

 
—

 
Best efforts forward delivery commitments
80,307

 
245

 
—

 
 
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.