Other Derivatives (Tables)

12 Months Ended

Dec. 31, 2020

Derivative Instruments and Hedging Activities Disclosure [Abstract]

Schedule of balance sheet category and fair values of the derivative instruments

The table below identifies the balance sheet category and fair value of the Company’s designated cash flow hedge derivative instruments and non-designated hedges as of December 31, 2020 and December 31, 2019.

(dollars in thousands)	December 31, 2020					December 31, 2019
	Notional Amount		Fair Value		Balance Sheet Category		Fair Value		Balance Sheet Category
Derivatives not designated as hedging instruments
Interest rate product	$	195,065	$	3,491	Other Assets		$	311	Other Assets
Mortgage banking derivatives	367,708		5,213		Other Assets		280		Other Assets
	$	562,773	$	8,704	Other Assets		$	591	Other Assets
Derivatives designated as hedging instruments
Interest rate product	100,000		$	516	Other Liabilities		$	206	Other Liabilities
Derivatives not designated as hedging instruments
Interest rate product	$	209,830	$	3,653	Other Liabilities		$	319	Other Liabilities
Other Contracts	26,911		118		Other Liabilities		86		Other Liabilities
Mortgage banking derivatives	—		—		Other Liabilities		66		Other Liabilities
	$	236,741	3,771		Other Liabilities		471		Other Liabilities
Net derivatives on the balance sheet			4,287				677
Cash and other collateral(1)			4,168				506
Net derivative Amounts			$	119			$	171

(1) Collateral represents the amount that cannot be used to offset our derivative assets and liabilities from a gross basis to a net basis in accordance with the applicable accounting guidance. The other collateral consist of securities and is exchanged under bilateral collateral and master netting agreements that allow us to offset the net derivative position with the related collateral. The application of the collateral cannot reduce the net derivative position below zero. Therefore, excess other collateral, if any, is not reflected above.

Schedule of pretax net gains (losses) of designated cash flow hedges

The table below presents the pre-tax net gains (losses) of the Company’s designated cash flow hedges for the years ended December 31, 2020 and December 31, 2019.

The Effect of Cash Flow Hedge Accounting on Accumulated Other Comprehensive Income
	Amount of Gain or (Loss) Recognized in OCI on Derivative Year Ended December 31,					Amount of Gain or (Loss) Reclassified from Accumulated OCI into Income Year Ended December 31,
Derivatives in ASC 815-20 Hedging Relationships (dollars in thousands)	2020		2019			2020		2019
Derivatives in cash flow hedging relationships
Interest rate products	$	(1,510)	$	(1,812)	Interest expense	$	(1,146)	$	1,165
Interest rate products	—		—		Gain on sale of investment securities	—		829
Total	$	(1,510)	$	(1,812)		$	(1,146)	$	1,994

Schedule of the effect of derivative financial instruments on the Consolidated Statements of Operations

The tables below present the effect of the Company’s derivative financial instruments on the Consolidated Statements of Income for the years ended December 31, 2020 and 2019.

The Effect of Fair Value and Cash Flow Hedge Accounting on the Consolidated Statements of Income
	Year Ended December 31,
	2020		2019		2019
	Interest Expense		Interest Expense		Gain on sale of investment securities
Total amounts of income and expense line items presented in the Consolidated Statements of Income in which the effects of fair value or cash flow hedges are recorded	$	(1,146)	$	1,165	$	829
Gain or (loss) on cash flow hedging relationships in ASC 815-20
Interest contracts
Amount of gain or (loss) reclassified from accumulated other comprehensive income into income	$	(1,146)	$	1,165
Amount of gain or (loss) reclassified from accumulated other comprehensive income into income as a result that a forecasted transaction is no longer probable of occurring	$	—	$	—	$	829
Amount of Gain or (Loss) Reclassified from Accumulated OCI into Income - Included Component	$	(1,146)	$	1,165	$	829

Effect of Derivatives Not Designated as Hedging Instruments on the Statements of Income
Derivatives Not Designated as Hedging Instruments under ASC 815-20	Location of Gain or (Loss) Recognized in Income on Derivative	Amount of Gain or (Loss) Recognized in Income on Derivative
		Year Ended December 31,
		2020		2019
Interest rate products	Other income / (expense)	$	153	$	(8)
Mortgage banking derivatives	Other income	5,213		280
Other contracts	Other income / (expense)	32		(27)
Total		$	5,398	$	245