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Derivative Financial Instruments (Tables)

3 Months Ended

Mar. 31, 2021

Derivative Instruments and Hedging Activities Disclosure [Abstract]

Schedule of Interest Rate Swaps Related to Hedging Program

At March 31, 2021 and December 31, 2020, interest rate swaps related to the Company’s loan hedging program that were outstanding are presented in the following table:

						March 31, 2021						December 31, 2020
						(Dollars in thousands)
Interest rate swaps on loans with correspondent banks (included in other assets)
Notional amount						$	100,711					$	—
Weighted average remaining term (years)						9.1						0.0
Pay fixed rate (weighted average)						2.90		%				—		%
Received variable rate (weighted average)						2.12		%				—		%
Estimated fair value						$	4,008					$	—
Interest rate swaps on loans with correspondent banks (included in other liabilities)
Notional amount						$	406,551					$	503,929
Weighted average remaining term (years)						6.0						6.8
Pay fixed rate (weighted average)						4.10		%				3.86		%
Received variable rate (weighted average)						2.24		%				2.26		%
Estimated fair value						$	(17,878)					$	(34,606)
Back to back interest rate swaps with loan customers (included in other liabilities)
Notional amount						$	100,711					$	—
Weighted average remaining term (years)						9.1						0.0
Received fixed rate (weighted average)						2.90		%				—		%
Pay variable rate (weighted average)						2.12		%				—		%
Estimated fair value						$	(4,008)					$	—
Back to back interest rate swaps with loan customers (included in other assets)
Notional amount						$	406,551					$	503,929
Weighted average remaining term (years)						6.0						6.8
Received fixed rate (weighted average)						4.10		%				3.86		%
Pay variable rate (weighted average)						2.24		%				2.26		%
Estimated fair value						$	17,878					$	34,606

Schedule of Derivative Instruments

						March 31, 2021						December 31, 2020
						(Dollars in thousands)
Interest rate swaps designated as cash flow hedge (included in other assets)
Notional amount						$	100,000					$	—
Weighted average remaining term (years)						4.0						0.0
Received variable rate (weighted average)						0.22		%				—		%
Pay fixed rate (weighted average)						0.49		%				—		%
Estimated fair value						$	1,218					$	—
Interest rate swaps designated as cash flow hedge (included in other liabilities)
Notional amount						$	—					$	100,000
Weighted average remaining term (years)						0.0						4.3
Received variable rate (weighted average)						—		%				0.22		%
Pay fixed rate (weighted average)						—		%				0.49		%
Estimated fair value						$	—					$	(602)

The following table reflects the notional amount and fair value of mortgage banking derivatives for the dates indicated:

			As of March 31, 2021												As of December 31, 2020
			Notional Amount						Fair Value						Notional Amount						Fair Value
			(Dollars in thousands)
Assets:
Interest rate lock commitments			$	17,755					$	240					$	37,507					$	679
Forward sale contracts related to mortgage banking			$	17,239					$	116					$	8,641					$	45
Liabilities:
Interest rate lock commitments			$	5,861					$	(43)					$	6,267					$	(31)
Forward sale contracts related to mortgage banking			$	6,377					$	(7)					$	35,133					$	(79)

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