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Derivatives (Tables)
 12 Months Ended
Dec. 31, 2019
Derivative Instruments and Hedging Activities Disclosure [Abstract]  
Credit Value Adjustment Recorded Related to Notional Amount of Derivatives Outstanding
The following table depicts the credit value adjustment recorded related to the notional amount of derivatives outstanding as well as the notional amount of risk participation agreements participated to other banks at December 31:
 
2019
 
2018
 
(dollars in thousands)
Derivatives not Designated as Hedging Instruments
 
 
 
Credit value adjustment
$
(272
)
 
$
(3
)
Notional Amount:
 
 
 
Interest rate derivatives
587,275

 
411,645

Interest rate caps
87,188

 
36,111

Interest rate collars
35,354

 
—

Risk participation agreements
164,632

 
162,139

Sold credit protection on risk participation agreements
(69,011
)
 
(59,315
)
Interest rate options
25,460

 
9,900

Derivatives Designated as Hedging Instruments
 
 
 
Interest rate swaps:
 
 
 
Fair value adjustment
801

 
(133
)
Notional Amount
70,000

 
65,000

Interest rate forwards:
 
 
 
Fair value adjustment
(63
)
 
(170
)
Notional Amount
30,000

 
15,000

Foreign exchange forwards:
 
 
 
Fair value adjustment
(41
)
 
(6
)
Notional Amount
4,789

 
1,927
Schedule of Change in Fair Value of Derivative Assets and Liabilities
The table below presents the amount representing the change in the fair value of derivative assets and derivative liabilities attributable to credit risk included in “Other income” on the Consolidated Statements of Income for the years ended December 31:
 
2019
 
2018
 
2017
 
(dollars in thousands)
Non-hedging interest rate derivatives:
 
 
 
 
 
(Decrease) increase in other income
$
(269
)
 
$
787

 
$
(473
)
Decrease in other expense
(352
)
 
(332
)
 
—

Hedging interest rate derivatives:
 
 
 
 
 
(Decrease) increase in interest and fees on loans
(118
)
 
(590
)
 
452

Decrease in interest from subordinated debentures
(159
)
 
—

 
—

Increase in other expense
7

 
10

 
119

Hedging interest rate forwards:
 
 
 
 
 
Increase in other income
106

 
—

 
—

Decrease in other expense
—

 
(189
)
 
(19
)
Hedging interest rate derivatives:
 
 
 
 
 
Increase in other expense
5

 
15

 
4