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Derivative Instruments and Hedging Activities | 12 Months Ended
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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) | 2021 |  | 2020 |  | 2021 |  | 2020
Derivatives not Designated as Hedging Instruments |  |  |  |  |  |  |
Interest Rate Swap Contracts—Commercial Loans |  |  |  |  |  |  |
Fair value | $ | 33,528 |  |  | $ | 78,319 |  |  | $ | 33,631 |  |  | $ | 79,033 |
Notional amount | 1,017,178 |  |  | 983,638 |  |  | 1,017,178 |  |  | 983,638 |
Collateral posted | — |  |  | — |  |  | 37,360 |  |  | 77,930 |
Interest Rate Lock Commitments—Mortgage Loans |  |  |  |  |  |  |
Fair value | 401 |  |  | 2,900 |  |  | — |  |  | — |
Notional amount | 12,148 |  |  | 51,053 |  |  | — |  |  | — |
Forward Sale Contracts—Mortgage Loans |  |  |  |  |  |  |
Fair value | 4 |  |  | — |  |  | — |  |  | 385 |
Notional amount | 8,436 |  |  | — |  |  | — |  |  | 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) | 2021 |  | 2020 |  | 2021 |  | 2020
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 Sheets | 33,528 |  |  | 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) | 2021 |  | 2020 |  | 2019
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 loans | 389 |  |  | 478 |  |  | (54) |
Total Derivative (Loss)/Gain | $ | (1,500) |  |  | $ | 1,447 |  |  | $ | (116) |

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- Definition The entire disclosure for derivative instruments and hedging activities including, but not limited to, risk management strategies, non-hedging derivative instruments, assets, liabilities, revenue and expenses, and methodologies and assumptions used in determining the amounts. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 815 -URI http://asc.fasb.org/topic&trid=2229140 Reference 2: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 815 -SubTopic 40 -Section 50 -Paragraph 5 -Subparagraph (f) -URI http://asc.fasb.org/extlink&oid=123477628&loc=d3e90205-114008 + Details
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