Derivative Financial Instruments (Tables)

9 Months Ended

Sep. 30, 2020

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.

			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
September 30, 2020
Interest rate swap contracts	$	1,139,493	Other assets	$	53,027	Other liabilities	$	53,988
Loan commitments	51,834		Mortgages held for sale	2,477		N/A	—
Forward contracts - mortgage loan	57,187		N/A	—		Mortgages held for sale	75
Total	$	1,248,514		$	55,504		$	54,063
December 31, 2019
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	$	1,108,391		$	22,160		$	22,390

Schedule of amounts included in the consolidated statements of income for non-hedging derivative financial instruments

The following table shows the amounts included in the Consolidated Statements of Income for non-hedging derivative financial instruments.

		Gain (loss)
		Three Months Ended September 30,				Nine Months Ended September 30,
(Dollars in thousands)	Statement of Income classification	2020		2019		2020		2019
Interest rate swap contracts	Other expense	$	50	$	(129)	$	(583)	$	(378)
Interest rate swap contracts	Other income	23		272		560		1,056
Loan commitments	Mortgage banking	1,406		(6)		2,292		86
Forward contracts - mortgage loan	Mortgage banking	26		157		(37)		118
Total		$	1,505	$	294	$	2,232	$	882

Schedule of offsetting of financial assets and derivative assets

The following table shows the offsetting of financial assets and derivative assets.

							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
September 30, 2020
Interest rate swaps	$	57,457	$	4,430	$	53,027	$	—	$	—	$	53,027
December 31, 2019
Interest rate swaps	$	22,279	$	304	$	21,975	$	—	$	—	$	21,975

Schedule of offsetting of financial liabilities and derivative liabilities

The following table shows the offsetting of financial liabilities and derivative liabilities.

							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
September 30, 2020
Interest rate swaps	$	58,418	$	4,430	$	53,988	$	53,891	$	—	$	97
Repurchase agreements	158,834		—		158,834		158,834		—		—
Total	$	217,252	$	4,430	$	212,822	$	212,725	$	—	$	97
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)