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Derivative Financial Instruments (Tables)
12 Months Ended
Dec. 31, 2021
Derivative Instruments and Hedging Activities Disclosure [Abstract]  
Schedule of carrying values of the derivative instruments The table below provides data about the carrying values of these derivative instruments:

 

 

 

December 31, 2021

 

 

December 31, 2020

 

 

 

Assets

 

 

(Liabilities)

 

 

 

 

 

Assets

 

 

(Liabilities)

 

 

 

 

 

 

 

 

 

 

 

 

Derivative

 

 

 

 

 

 

 

 

Derivative

 

 

 

Carrying

 

 

Carrying

 

 

Net Carrying

 

 

Carrying

 

 

Carrying

 

 

Net Carrying

 

 

 

Value

 

 

Value

 

 

Value

 

 

Value

 

 

Value

 

 

Value

 

 

 

(In Thousands)

 

Derivatives not designated as hedging
   instruments

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Mortgage Banking

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Derivatives

 

$

2,336

 

 

$

 

 

$

2,336

 

 

$

3,833

 

 

$

 

 

$

3,833

 

Schedule of amount of gains and losses recognized in income on derivative instruments not designated as hedging instruments

The table below provides data about the amount of gains and losses recognized in income on derivative instruments not designated as hedging instruments. The difference in derivative net carrying value at December 31, 2021 and 2020 represents a fair value adjustment that runs through mortgage banking income.

 

 

 

Twelve Months Ended December 31,

 

 

 

2021

 

 

2020

 

 

2019

 

 

 

(In Thousands)

 

Derivatives not designated as hedging instruments

 

 

 

 

 

 

 

 

 

Mortgage Banking Derivatives – Gain (Loss)

 

$

(1,497

)

 

$

2,154

 

 

$

598

 

Summary of interest rate swap

 

 

 

 

Twelve Months Ended December 31, 2021

 

 

 

Amount of Gain (Loss) Recognized in OCI on Derivative

 

 

Total amount of Gain (Loss) on the Interest Rate Swap

 

 

Amount of Gain (Loss) Reclassified from OCI into Income

 

 

 

(In Thousands)

 

 

 

 

 

 

 

 

 

 

 

Interest rate swap

 

$

674

 

 

$

854

 

 

$

1,716