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Derivative Instruments (Tables)
12 Months Ended
Dec. 31, 2021
Derivative Instruments and Hedging Activities Disclosure [Abstract]  
Derivative financial instruments The following table provides a summary of the Company’s derivatives not designated as hedging instruments as of the dates presented:
 Balance SheetDecember 31, 2021December 31, 2020
 LocationNotional AmountFair ValueNotional AmountFair Value
Derivative assets:
  Interest rate contractsOther Assets$185,447 $4,711 $222,933 $9,884 
  Interest rate lock commitmentsOther Assets310,941 5,304 589,701 19,824 
Forward commitmentsOther Assets280,000 667 — — 
Totals$776,388 $10,682 $812,634 $29,708 
Derivative liabilities:
  Interest rate contractsOther Liabilities$185,447 $4,711 $222,933 $9,884 
Interest rate lock commitmentsOther Liabilities19,961 43 — — 
  Forward commitmentsOther Liabilities320,000 736 716,000 5,090 
Totals$525,408 $5,490 $938,933 $14,974 
The following table provides a summary of the Company’s derivatives designated as cash flow hedges as of the dates presented:
 Balance SheetDecember 31, 2021December 31, 2020
 LocationNotional AmountFair ValueNotional AmountFair Value
Derivative assets:
  Interest rate swapsOther Assets$100,000 $7,016 $175,000 $3,866 
Derivative liabilities:
  Interest rate swapsOther Liabilities$62,000 $2,902 $87,000 $5,924 
The following table provides a summary of the Company's derivatives designated as fair value hedges as of the dates presented:
 Balance SheetDecember 31, 2021December 31, 2020
 LocationNotional AmountFair ValueNotional AmountFair Value
Derivative liabilities:
  Interest rate swapsOther Liabilities$100,000 $5,411 $100,000 $209 
Gains (losses) on derivative financial instruments included in the Consolidated Statements of Income
Gains (losses) included in the Consolidated Statements of Income related to the Company’s derivative financial instruments were as follows, as of the dates presented:
Year Ended December 31,
 202120202019
Interest rate contracts:
Included in interest income on loans$2,027 $2,051 $3,672 
Interest rate lock commitments:
Included in mortgage banking income(14,563)15,249 882 
Forward commitments
Included in mortgage banking income5,021 (4,033)2,506 
Total$(7,515)$13,267 $7,060 
The following table presents the effects of the Company’s fair value hedge relationships on the Consolidated Statements of Income for the periods presented:
 Amount of Gain (Loss Recognized in Income)
Income StatementYear ended December 31,
 Location202120202019
Derivative liabilities:
  Interest rate swaps - subordinated notesInterest Expense$(5,202)$(209)$— 
Derivative liabilities - hedged items:
  Interest rate swaps - subordinated notesInterest Expense$5,202 $209 $— 
Schedule of Derivatives Instruments Statements of Financial Performance and Financial Position, Location
The following table presents the amounts that were recorded in the Consolidated Balance Sheets related to cumulative basis adjustments for fair value hedges as of the dates presented:
Carrying Amount of the Hedged LiabilityCumulative Amount of Fair Value Hedging Adjustments Included in the Carrying Amount of the Hedged Liability
Balance Sheet LocationDecember 31, 2021December 31, 2020December 31, 2021December 31, 2020
Long-term debt$93,085 $98,114 $5,411 $209 
Offsetting Assets The following table presents the Company’s gross derivative positions as recognized in the Consolidated Balance Sheets as well as the net derivative positions, including collateral pledged to the extent the application of such collateral did not reduce the net derivative liability position below zero, had the Company elected to offset those instruments subject to an enforceable master netting agreement as of the dates presented:
Offsetting Derivative AssetsOffsetting Derivative Liabilities
December 31,
2021
December 31,
2020
December 31,
2021
December 31,
2020
Gross amounts recognized$8,007 $3,866 $13,436 $21,107 
Gross amounts offset in the consolidated balance sheets— — — — 
Net amounts presented in the consolidated balance sheets8,007 3,866 13,436 21,107 
Gross amounts not offset in the consolidated balance sheets
Financial instruments7,208 3,866 7,208 3,866 
Financial collateral pledged— — 6,228 14,042 
Net amounts$799 $— $— $3,199 
Offsetting Liabilities The following table presents the Company’s gross derivative positions as recognized in the Consolidated Balance Sheets as well as the net derivative positions, including collateral pledged to the extent the application of such collateral did not reduce the net derivative liability position below zero, had the Company elected to offset those instruments subject to an enforceable master netting agreement as of the dates presented:
Offsetting Derivative AssetsOffsetting Derivative Liabilities
December 31,
2021
December 31,
2020
December 31,
2021
December 31,
2020
Gross amounts recognized$8,007 $3,866 $13,436 $21,107 
Gross amounts offset in the consolidated balance sheets— — — — 
Net amounts presented in the consolidated balance sheets8,007 3,866 13,436 21,107 
Gross amounts not offset in the consolidated balance sheets
Financial instruments7,208 3,866 7,208 3,866 
Financial collateral pledged— — 6,228 14,042 
Net amounts$799 $— $— $3,199