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Derivative Financial Instruments (Tables)
9 Months Ended
Sep. 30, 2020
Derivative Instruments and Hedging Activities Disclosure [Abstract]  
Schedule of fair value of derivative financial instruments and their classification on Balance Sheet
The table below presents the fair value of the Corporation’s derivative financial instruments, as well as their classification on the Balance Sheet, as of September 30, 2020, and December 31, 2019.
 Asset DerivativesLiability Derivatives
 September 30, 2020December 31, 2019September 30, 2020December 31, 2019
 Balance
Sheet
Location
Fair
Value
Balance
Sheet
Location
Fair
Value
Balance
Sheet
Location
Fair
Value
Balance
Sheet
Location
Fair
Value
Derivatives designated as hedging instruments:        
Interest rate contractsOther Assets$— Other Assets$— Other Liabilities$2,244 Other Liabilities$1,444 
Derivatives not designated as hedging instruments:        
Interest rate contractsOther Assets$82,010 Other Assets$27,855 Other Liabilities$82,010 Other Liabilities$27,855 
Schedule of amount of gain (loss) recognized in other comprehensive income
The amount of gain (loss) recognized in other comprehensive income is included in the table below for the periods indicated.
Derivatives in Cash Flow Hedging RelationshipsAmount of Gain (Loss) Recognized in Other Comprehensive Income on Derivative
(Effective Portion)
Three Months EndedNine Months Ended
September 30, 2020September 30, 2019September 30, 2020September 30, 2019
Interest Rate Products$$(178)$(1,451)$(1,270)
Schedule of derivative instruments, gain (loss) in Income Statement
The amount of gain (loss) reclassified from other comprehensive income into income is included in the table below for the periods indicated.
Derivatives Designated as
Hedging Instruments under
FASB ASC 815-10
Location of Gain (Loss)
Recognized Income on
Derivative
Amount of Gain (Loss) Reclassed from Other Comprehensive Income into Income (Effective Portion)
Three Months Ended
September 30, 2020
Three Months Ended
September 30, 2019
Interest rate contractsInterest Expense$(294)$(104)
Derivatives Designated as
Hedging Instruments under
FASB ASC 815-10
Location of Gain (Loss)
Recognized Income on
Derivative
Amount of Gain (Loss) Reclassed from Other Comprehensive Income into Income (Effective Portion)
Nine Months Ended
September 30, 2020
Nine Months Ended
September 30, 2019
Interest rate contractsInterest Expense$(651)$(247)