Other Derivatives (Tables)

6 Months Ended

Jun. 30, 2021

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 June 30, 2021and December 31, 2020.

	June 30, 2021					December 31, 2020
(dollars in thousands)	Notional Amount		Fair Value		Balance Sheet Category	Fair Value		Balance Sheet Category
Derivatives not designated as hedging instruments
Interest rate product	$	276,740	$	5,534	Other Assets	$	3,491	Other Assets
Mortgage banking derivatives	$	109,111	$	1,179	Other Assets	5,213		Other Assets
	$	385,851	$	6,713	Other Assets	$	8,704	Other Assets
Derivatives designated as hedging instruments
Interest rate product	$	—	$	—	Other Liabilities	$	516	Other Liabilities
Derivatives not designated as hedging instruments
Interest rate product	$	276,740	$	5,712	Other Liabilities	3,653		Other Liabilities
Other Contracts	$	26,666	$	74	Other Liabilities	118		Other Liabilities
	$	303,406	$	5,786	Other Liabilities	$	3,771	Other Liabilities
Net Derivatives on the balance sheet			$	5,786		$	4,287
Cash and other collateral			$	4,295		4,168
Net Derivative Amounts			$	1,491		$	119

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 three and six months ended June 30, 2021 and 2020:

The Effect of Fair Value and Cash Flow Hedge Accounting on Accumulated Other Comprehensive Income
					Location of Gain or (Loss)	Amount of Gain or (Loss)
	Amount of Gain (Loss) Recognized				Recognized from	Reclassified from Accumulated
Derivatives in Subtopic	in OCI on Derivative				Accumulated Other	OCI into Income
815-20 Hedging	Three Months Ended June 30,				Comprehensive Income into	Three Months Ended June 30,
Relationships (dollars in thousands)	2021		2020		Income	2021		2020
Derivatives in Cash Flow Hedging Relationships
Interest Rate Products	$	—	$	(27)	Interest Expense	$	(60)	$	(394)
Total	$	—	$	(27)		$	(60)	$	(394)
					Location of Gain or (Loss)	Amount of Gain or (Loss)
	Amount of Gain (Loss) Recognized				Recognized from	Reclassified from Accumulated
Derivatives in Subtopic	in OCI on Derivative				Accumulated Other	OCI into Income
815-20 Hedging	Six Months Ended June 30,				Comprehensive Income into	Six Months Ended June 30,
Relationships (dollars in thousands)	2021		2020		Income	2021		2020
Derivatives in Cash Flow Hedging Relationships
Interest Rate Products	(844)		(1,548)		Interest Expense	(445)		(366)
Total	(844)		(1,548)			(445)		(366)

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

The table below presents the effect of the Company’s derivative financial instruments on the Consolidated Statements of Income for the three and six months ended June 30, 2021 and 2020:

The Effect of Fair Value and Cash Flow Hedge Accounting on the Statements of Income
	Location and Amount of Gain or (Loss) Recognized in Income on
	Fair Value and Cash Flow Hedging Relationships (in 000's)
	Three Months Ended June 30,				Six Months Ended June 30,
	2021		2020		2021		2020
	Interest Expense				Interest Expense
Total amounts of income and expense line items presented in the consolidated statement of income in which the effects of fair value or cash flow hedges are recorded	$	(60)	$	(394)	$	(445)	$	(366)
Gain or (loss) on cash flow hedging relationships in Subtopic 815-20
Interest contracts
Amount of gain or (loss) reclassified from accumulated other comprehensive income into income	$	(60)	$	(394)	$	(445)	$	(366)
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	$	—	$	—	$	—	$	—
Amount of Gain or (Loss) Reclassified from Accumulated OCI into Income - Included Component	$	(60)	$	(394)	$	(445)	$	(366)
Amount of Gain or (Loss) Reclassified from Accumulated OCI into Income - Excluded Component	$	—	$	—	$	—	$	—

Effect of Derivatives Not Designated as Hedging Instruments on the Statements of Income
		Amount of Income (Loss)
		Recognized in Income on
	Location of	Derivative
Derivatives Not Designated as Hedging	(Loss) Recognized in	Three Months Ended June 30,				Six Months Ended June 30,
Instruments under Subtopic 815-20	Income on Derivative	2021		2020		2021	2020
Interest Rate Products	Other income / (expense)	$	(299)	$	(118)	(16)	(286)
Mortgage banking derivatives	Other income / (expense)	1,179		—		3,693	—
Other Contracts	Other income / (expense)	4		2		44	(64)
Total		$	884	$	(116)	3,721	(350)