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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 Financial Instruments and Classification on the Balance Sheet
The following table summarizes the Corporation's derivatives designated as hedges:

 Asset DerivativesLiability Derivatives
 June 30, 2022December 31, 2021June 30, 2022December 31, 2021
 Balance
Sheet
Location
Fair
Value
Balance
Sheet
Location
Fair
Value
Balance
Sheet
Location
Fair
Value
Balance
Sheet
Location
Fair
Value
Cash flow hedges:        
Interest rate swaps on borrowingsOther Assets$65 Other Assets$— Other Liabilities$70 Other Liabilities$835 
The table below presents the fair value of the Corporation’s non-designated hedges, as well as their classification on the Balance Sheet, as of June 30, 2022, and December 31, 2021.

June 30, 2022December 31, 2021
Notional AmountFair ValueNotional AmountFair Value
Included in other assets:
Interest rate swaps$1,189,251 $55,738 $1,038,947 $41,133 
Forward contracts related to mortgage loans to be delivered for sale22,215289
Interest rate lock commitments23,573207
Included in other assets$1,235,039 $56,234 $1,038,947 $41,133 
Included in other liabilities:
Interest rate swaps$1,189,251 $55,738 $1,038,947 $41,133 
Forward contracts related to mortgage loans to be delivered for sale17,442130
Interest rate lock commitments8,02444
Included in other liabilities$1,214,717 $55,912 $1,038,947 $41,133 
Amount of Loss Recognized in Other Comprehensive Income (Loss)
The amount of loss recognized in other comprehensive income (loss) 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 EndedSix Months Ended
June 30, 2022June 30, 2021June 30, 2022June 30, 2021
Interest Rate Products$110 $(16)$413 $42 
Effect of Derivative Financial Instruments on the Income Statement
The amount of gain (loss) reclassified from other comprehensive income into income related to cash flow hedging relationships is included in the table below for the periods indicated.
Derivatives Designated as
Hedging Instruments
Location of Gain (Loss)
Recognized Income on
Derivative
Amount of Gain (Loss) Reclassed from Other Comprehensive Income into Income (Effective Portion)
Three Months Ended
June 30, 2022
Three Months Ended
June 30, 2021
Interest rate contractsInterest Expense$(178)$(260)

Derivatives Designated as
Hedging Instruments
Location of Gain (Loss)
Recognized Income on
Derivative
Amount of Gain (Loss) Reclassed from Other Comprehensive Income into Income (Effective Portion)
Six Months Ended
June 30, 2022
Six Months Ended
June 30, 2021
Interest rate contractsInterest Expense$(418)$(513)
The amount of gain (loss) recognized into income related to non-designated hedging instruments is included in the table below for the periods indicated.
Derivatives Not Designated as
Hedging Instruments
Location of Gain (Loss)
Recognized Income on
Derivative
Amount of Gain (Loss)
Recognized Income on
Derivative
Three Months Ended
June 30, 2022
Three Months Ended
June 30, 2021
Forward contracts related to mortgage loans to be delivered for saleNet gains and fees on sales of loans$664 $— 
Interest rate lock commitmentsNet gains and fees on sales of loans207 — 
Total net gain/(loss) recognized in income$871 $— 

Derivatives Not Designated as
Hedging Instruments
Location of Gain (Loss)
Recognized Income on
Derivative
Amount of Gain (Loss)
Recognized Income on
Derivative
Six Months Ended
June 30, 2022
Six Months Ended
June 30, 2021
Forward contracts related to mortgage loans to be delivered for saleNet gains and fees on sales of loans$664 $— 
Interest rate lock commitmentsNet gains and fees on sales of loans207 — 
Total net gain/(loss) recognized in income$871 $—