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Derivative Financial Instruments (Tables)
6 Months Ended
Jun. 30, 2022
Derivative Instruments and Hedging Activities Disclosure [Abstract]  
Fair Value of Derivative Instruments The location of the asset and liability, and their respective fair values, are summarized in the tables below.

 

 

 

June 30, 2022

 

 

 

Asset Derivatives

 

 

Liability Derivatives

 

 

 

Balance Sheet Location

 

Fair Value

 

 

Balance Sheet Location

 

Fair Value

 

 

 

(Dollars in thousands)

 

Derivatives not designated as hedging instruments:

 

 

 

 

 

 

 

 

 

 

Interest rate swaps

 

Other assets

 

$

582

 

 

Other liabilities

 

$

582

 

Total derivatives

 

 

 

$

582

 

 

 

 

$

582

 

 

 

 

 

December 31, 2021

 

 

 

Asset Derivatives

 

 

Liability Derivatives

 

 

 

Balance Sheet Location

 

Fair Value

 

 

Balance Sheet Location

 

Fair Value

 

 

 

(Dollars in thousands)

 

Derivatives not designated as hedging instruments:

 

 

 

 

 

 

 

 

 

 

Interest rate swaps

 

Other assets

 

$

14,163

 

 

Other liabilities

 

$

14,163

 

Total derivatives

 

 

 

$

14,163

 

 

 

 

$

14,163

 

Effect of Derivative Instruments on Consolidated Statement of Earnings

The following table summarizes the effect of derivative financial instruments on the condensed consolidated statements of earnings for the periods presented.

 

Derivatives Not Designated
as Hedging Instruments

 

Location of Gain Recognized in
Income on Derivative Instruments

 

Amount of Gain Recognized in
Income on Derivative Instruments

 

 

 

 

 

Three Months Ended
June 30,

 

 

Six Months Ended
June 30,

 

 

 

 

 

2022

 

 

2021

 

 

2022

 

 

2021

 

 

 

 

 

(Dollars in thousands)

 

Interest rate swaps

 

Other income

 

$

-

 

 

$

-

 

 

$

-

 

 

$

215

 

Total

 

 

 

$

-

 

 

$

-

 

 

$

-

 

 

$

215