Derivative Financial Instruments (Tables)

6 Months Ended

Jun. 30, 2022

Derivative Instruments and Hedging Activities Disclosure [Abstract]

Schedule of notional amount and fair value of the company’s interest rate swaps

	June 30, 2022					December 31, 2021
	Notional		Fair			Notional		Fair
($ in thousands)	Amount		Value			Amount		Value
Asset Derivatives
Derivatives not designated as hedging instruments
Interest rate swaps associated with loans	$	69,348	$	2,918		$	84,733	$	3,655
IRLCs		12,120		54			21,391		22
Forward contracts		-		-			-		-
Total contracts	$	81,468	$	2,972		$	106,124	$	3,677
Liability Derivatives
Derivatives not designated as hedging instruments
Interest rate swaps associated with loans	$	69,348	$	(2,918	)	$	84,733	$	(3,655	)
Forward contracts		15,000		(44	)		25,000		(32	)
IRLCs		-		-			-		-
Total contracts	$	84,348	$	(2,962	)	$	109,733	$	(3,687	)

Schedule consolidated statements of income for non-hedging derivative financial instruments

		Three Months Ended June 30,						Six Months Ended June 30,
($ in thousands)	Statement of income classification	2022			2021			2022			2021
Interest rate swap contracts	Other income	$	3		$	-		$	3		$	133
IRLCs	Gain on sale of mortgage loans & OMSR		209			534			32			(158	)
Forward contracts	Gain on sale of mortgage loans & OMSR		(325	)		(605	)		(12	)		157

Schedule of financial assets and derivative assets

	Gross		Gross amounts		Net amounts of assets presented		Gross amounts not offset in the consolidated balance sheet
($ in thousands)	amounts of recognized assets		offset in the consolidated balance sheet		in the consolidated balance sheet		Financial instruments		Cash collateral received		Net amount
June 30, 2022
Interest rate swaps	$	2,918	$	-	$	2,918	$	-	$	-	$	2,918
December 31, 2021
Interest rate swaps	$	3,746	$	91	$	3,655	$	-	$	-	$	3,655

Schedule of financial liabilities and derivative liabilities

	Gross		Gross amounts		Net amounts of liabilities presented		Gross amounts not offset in the consolidated balance sheet
($ in thousands)	amounts of recognized liabilities		offset in the consolidated balance sheet		in the consolidated balance sheet		Financial instruments		Cash collateral pledged		Net amount
June 30, 2022
Interest rate swaps	$	2,918	$	-	$	2,918	$	-	$	5,001	$	(2,083	)
December 31, 2021
Interest rate swaps	$	3,746	$	91	$	3,655	$	-	$	6,906	$	(3,251	)