Derivatives (Tables)

9 Months Ended

Sep. 30, 2021

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 and fair value adjustments recorded related to the notional amount of derivatives outstanding as well as the notional amount of risk participation agreements participated to other banks:

	September 30, 2021		December 31, 2020
	(dollars in thousands)
Derivatives not Designated as Hedging Instruments
Credit value adjustment	$	(1,422)	$	(2,792)
Notional amount:
Interest rate derivatives	704,383		631,446
Interest rate caps	66,137		66,527
Interest rate collars	35,354		35,354
Risk participation agreements	214,736		220,280
Sold credit protection on risk participation agreements	(90,539)		(78,522)
Interest rate options	38,509		47,874
Derivatives Designated as Hedging Instruments
Interest rate swaps:
Fair value adjustment	(2,890)		(3,665)
Notional amount	420,000		70,000
Interest rate forwards:
Fair value adjustment	182		(483)
Notional amount	36,000		65,000
Foreign exchange forwards:
Fair value adjustment	17		(5)
Notional amount	2,589		2,119

Schedule of Changes in Fair Value of Derivative Assets and Liabilities

The table below presents the change in the fair value of derivative assets and derivative liabilities attributable to credit risk or fair value changes included in "Other income," 'Other expense," "Interest on subordinated debentures" or "Interest and fees on loans" in the unaudited Consolidated Statements of Income:

	For the Three Months Ended September 30,				For the Nine Months Ended September 30,
	2021		2020		2021		2020
	(dollars in thousands)
Non-hedging interest rate derivatives
(Decrease) increase in other income	$	(202)	$	142	$	106	$	(611)
Hedging interest rate derivatives
Decrease in interest and fees on loans	(520)		—		(825)		—
Increase in interest from subordinated debentures	248		208		710		219
Hedging interest rate forwards
(Decrease) increase in other income	(265)		(102)		(666)		132
Hedging foreign exchange forwards
Increase in other expense	2		3		7		15