Derivatives (Tables)

12 Months Ended

Dec. 31, 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 adjustment recorded relative to the notional amount of derivatives outstanding as well as the notional amount of risk participation agreements participated to other banks at December 31:

	2021		2020
	(dollars in thousands)
Derivatives not Designated as Hedging Instruments
Credit value adjustment	$	(395)	$	(2,792)
Notional Amount:
Interest rate derivatives	708,759		631,446
Interest rate caps	66,007		66,527
Interest rate collars	35,354		35,354
Risk participation agreements	241,111		220,280
Sold credit protection on risk participation agreements	(95,618)		(78,522)
Interest rate options	29,691		47,874
Derivatives Designated as Hedging Instruments
Interest rate swaps:
Fair value adjustment	(7,022)		(3,665)
Notional Amount	570,000		70,000
Interest rate forwards:
Fair value adjustment	(29)		(483)
Notional Amount	38,000		65,000
Foreign exchange forwards:
Fair value adjustment	12		(5)
Notional Amount	1,982		2,119

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:

	2021		2020		2019
	(dollars in thousands)
Non-hedging interest rate derivatives:
Increase (decrease) in other income	$	728	$	(981)	$	(269)
Decrease in other expense	—		—		(352)
Hedging interest rate derivatives:
Increase (decrease) in interest and fees on loans	1,567		—		(118)
Increase (decrease) in interest from subordinated debentures	959		449		(159)
Increase in other expense	—		—		7
Hedging interest rate forwards:
(Decrease) increase in other income	(454)		420		106
Increase in other expense	—		—		—
Hedging interest rate derivatives:
Increase in other expense	11		18		5