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Derivatives (Tables)
12 Months Ended
Dec. 31, 2021
Derivative Instruments and Hedging Activities Disclosure [Abstract]  
Schedule of Cash Flow Hedges Included in Accumulated Other Comprehensive Income (Loss) [Table Text Block]

The following table presents the net gains (losses), recorded in accumulated other comprehensive income and the Consolidated Statements of Income relating to the cash flow derivative instruments for the years ended December 31:

2021

(dollars in thousands)

Amount of gain

(loss) recognized

in OCI (Effective

Portion)

Amount of (gain)

loss reclassified

from OCI to

interest expense

Amount of gain (loss)

recognized in other

Noninterest income

(Ineffective Portion)

Interest rate contracts

$

3,593

$

1,873

$

-

2020

(dollars in thousands)

Amount of gain

(loss) recognized

in OCI (Effective

Portion)

Amount of (gain)

loss reclassified

from OCI to

interest expense

Amount of gain (loss)

recognized in other

Noninterest income

(Ineffective Portion)

Interest rate contracts

$

(3,423)

$

1,577

$

-

Schedule of Interest Rate Derivatives [Table Text Block]

The following table reflects the cash flow hedges included in the Consolidated Statements of Condition as of December 31, 2021 and December 31, 2020:

2021

2020

(dollars in thousands)

Notional

Amount

Fair Value

Notional

Amount

Fair Value

Included in other assets/(liabilities):

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Interest rate swaps related to FHLB Advances

$

475,000

$

3,347

$

175,000

$

(2,119)