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Derivative Instruments and Hedging Activities
12 Months Ended
Dec. 31, 2021
Derivative Instruments and Hedging Activities Disclosure [Abstract]  
DERIVATIVE INSTRUMENTS AND HEDGING ACTIVITIES DERIVATIVE INSTRUMENTS AND HEDGING ACTIVITIES
The following table indicates the amounts representing the value of derivative assets and derivative liabilities at December 31:
Derivatives (included in
Other Assets)
Derivatives (included
in Other Liabilities)
(dollars in thousands)2021202020212020
Derivatives not Designated as Hedging Instruments
Interest Rate Swap Contracts—Commercial Loans
Fair value$33,528 $78,319 $33,631 $79,033 
Notional amount1,017,178 983,638 1,017,178 983,638 
Collateral posted— — 37,360 77,930 
Interest Rate Lock Commitments—Mortgage Loans
Fair value401 2,900 — — 
Notional amount12,148 51,053 — — 
Forward Sale Contracts—Mortgage Loans
Fair value— — 385 
Notional amount8,436 — — 47,062 
Presenting offsetting derivatives that are subject to legally enforceable netting arrangements with the same party is permitted. For example, we may have a derivative asset and a derivative liability with the same counterparty to a swap transaction and are permitted to offset the asset position and the liability position resulting in a net presentation.
The following table indicates the gross amounts of commercial loan swap derivative assets and derivative liabilities, the amounts offset and the carrying values in the Consolidated Balance Sheets at December 31:
Derivatives (included
in Other Assets)
Derivatives (included
in Other Liabilities)
(dollars in thousands)2021202020212020
Derivatives not Designated as Hedging Instruments
Gross amounts recognized$37,289 $82,655 $37,392 $82,626 
Gross amounts offset(3,761)(4,336)(3,761)(3,593)
Net amounts presented in the Consolidated Balance Sheets33,528 78,319 33,631 79,033 
Gross amounts not offset(1)
— — (37,360)(77,930)
Net Amount$33,528 $78,319 $(3,729)$1,103 
(1)Amounts represent collateral posted for the periods presented.
The following table indicates the gain or loss recognized in income on derivatives for the years ended December 31:
(dollars in thousands)202120202019
Derivatives not Designated as Hedging Instruments
Interest rate swap contracts—commercial loans$610 $(746)$(132)
Interest rate lock commitments—mortgage loans(2,499)1,715 70 
Forward sale contracts—mortgage loans389 478 (54)
Total Derivative (Loss)/Gain$(1,500)$1,447 $(116)