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Derivative Financial Instruments (Tables)
12 Months Ended
Dec. 31, 2019
Derivative Instruments and Hedging Activities Disclosure [Abstract]  
Schedule of amounts of non-hedging derivative financial instruments
The following table shows the amounts of non-hedging derivative financial instruments at December 31, 2019 and 2018.
 
 
 
 
Asset derivatives
 
Liability derivatives
(Dollars in thousands)
 
Notional or contractual amount
 
Statement of Financial Condition classification
 
Fair value
 
Statement of Financial Condition classification
 
Fair value
Interest rate swap contracts
 
$
1,074,809

 
Other assets
 
$
21,975

 
Other liabilities
 
$
22,352

Loan commitments
 
9,950

 
Mortgages held for sale
 
185

 
N/A
 

Forward contracts - mortgage loan
 
23,632

 
N/A
 

 
Mortgages held for sale
 
38

Total - December 31, 2019
 
$
1,108,391

 
 
 
$
22,160

 
 
 
$
22,390

 
 
 
 
 
 
 
 
 
 
 
Interest rate swap contracts
 
$
855,848

 
Other assets
 
$
7,124

 
Other liabilities
 
$
7,250

Loan commitments
 
5,871

 
Mortgages held for sale
 
112

 
N/A
 

Forward contracts - mortgage loan
 
14,087

 
N/A
 

 
Mortgages held for sale
 
135

Total - December 31, 2018
 
$
875,806

 
 
 
$
7,236

 
 
 
$
7,385


Schedule of amounts included in the consolidated statements of income for non-hedging derivative financial instruments
The following table shows the amounts included on the Consolidated Statements of Income for non-hedging derivative financial instruments at December 31, 2019, 2018 and 2017.
 
 
 
 
Gain (loss)
(Dollars in thousands)
 
Statement of Income classification
 
2019
 
2018
 
2017
Interest rate swap contracts
 
Other expense
 
$
(252
)
 
$
(30
)
 
$
26

Interest rate swap contracts
 
Other income
 
1,356

 
1,028

 
1,585

Loan commitments
 
Mortgage banking
 
73

 
46

 
23

Forward contracts - mortgage loan
 
Mortgage banking
 
97

 
(125
)
 
(232
)
Total
 
 
 
$
1,274

 
$
919

 
$
1,402


Schedule of offsetting of financial assets and derivative assets
The following table shows the offsetting of financial assets and derivative assets at December 31, 2019 and 2018.
 
 
 
 
 
 
 
 
Gross Amounts Not Offset in the Statement of Financial Condition
 
 
(Dollars in thousands)
 
Gross Amounts of Recognized Assets
 
Gross Amounts Offset in the Statement of Financial Condition
 
Net Amounts of Assets Presented in the Statement of Financial Condition
 
Financial Instruments
 
Cash Collateral Received
 
Net Amount
December 31, 2019
 
 
 
 
 
 
 
 
 
 
 
 
Interest rate swaps
 
$
22,279

 
$
304

 
$
21,975

 
$

 
$

 
$
21,975

 
 
 
 
 
 
 
 
 
 
 
 
 
December 31, 2018
 
 
 
 
 
 
 
 
 
 
 
 
Interest rate swaps
 
$
7,128

 
$
4

 
$
7,124

 
$
177

 
$
610

 
$
6,337


Schedule of offsetting of financial liabilities and derivative liabilities
The following table shows the offsetting of financial liabilities and derivative liabilities at December 31, 2019 and 2018.
 
 
 
 
 
 
 
 
Gross Amounts Not Offset in the Statement of Financial Condition
 
 
(Dollars in thousands)
 
Gross Amounts of Recognized Liabilities
 
Gross Amounts Offset in the Statement of Financial Condition
 
Net Amounts of Liabilities Presented in the Statement of Financial Condition
 
Financial Instruments
 
Cash Collateral Pledged
 
Net Amount
December 31, 2019
 
 
 
 
 
 
 
 
 
 
 
 
Interest rate swaps
 
$
22,656

 
$
304

 
$
22,352

 
$
23,482

 
$

 
$
(1,130
)
Repurchase agreements
 
120,459

 

 
120,459

 
120,459

 

 

Total
 
$
143,115

 
$
304

 
$
142,811

 
$
143,941

 
$

 
$
(1,130
)
 
 
 
 
 
 
 
 
 
 
 
 
 
December 31, 2018
 
 
 
 
 
 
 
 
 
 
 
 
Interest rate swaps
 
$
7,254

 
$
4

 
$
7,250

 
$
1,700

 
$

 
$
5,550

Repurchase agreements
 
103,627

 

 
103,627

 
103,627

 

 

Total
 
$
110,881

 
$
4

 
$
110,877

 
$
105,327

 
$

 
$
5,550