XML 40 R30.htm IDEA: XBRL DOCUMENT v3.22.1

DERIVATIVE FINANCIAL INSTRUMENTS (Tables)

3 Months Ended

Mar. 31, 2022

DERIVATIVE FINANCIAL INSTRUMENTS

Summary of fair values of Company's derivative instrument assets and liabilities related to interest rate swap contracts

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

March 31, 2022

​

December 31, 2021

​

​

Notional

​

Fair

​

Notional

​

Fair

​

Amount

Value

Amount

Value

​

​

(dollars in thousands)

Fair value recorded in other assets

​

$

7,000

​

$

20

​

$

—

​

$

—

Fair value recorded in other liabilities

​

​

10,000

​

​

(10)

​

​

17,000

​

​

(680)

Schedule of the effect of interest rate contracts designated as cash flow hedges on the consolidated statements of income

​

​	​	​	​	​	​	​
Location of gross gain (loss) reclassified	​	Amounts of gross gain (loss)
from accumulated other	​	reclassified from accumulated
comprehensive income (loss) to income	​	other comprehensive income (loss)
​	​	Three Months Ended
​	​	March 31,
​		2022			2021
Designated as cash flow hedges:	​	(dollars in thousands)
Junior subordinated debentures interest expense	​	​	(96)	​	​	(99)

Summary of interest rate swap agreements not designated as hedging instruments

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

March 31, 2022

​

December 31, 2021

​

​

Notional

​

Fair

​

Notional

​

Fair

​

Amount

Value

Amount

Value

​

​

(dollars in thousands)

Fair value recorded in other assets:

​

​

​

​

​

​

​

​

​

​

​

​

Interest rate swaps with a commercial borrower counterparty

​

$

77,730

​

$

2,848

​

$

112,041

​

$

8,622

Interest rate swaps with a financial institution counterparty

​

​

37,007

​

​

1,078

​

​

3,880

​

​

75

Total fair value recorded in other assets

​

$

114,737

​

$

3,926

​

$

115,921

​

$

8,697

​

​

​

​

​

​

​

​

​

​

​

​

​

Fair value recorded in other liabilities:

​

​

​

​

​

​

​

​

​

​

​

​

Interest rate swaps with a commercial borrower counterparty

​

$

37,007

​

$

(1,078)

​

$

3,880

​

$

(75)

Interest rate swaps with a financial institution counterparty

​

​

77,730

​

​

(2,848)

​

​

112,041

​

​

(8,622)

Total fair value recorded in other liabilities

​

$

114,737

​

$

(3,926)

​

$

115,921

​

$

(8,697)

Summary of the effect of interest rate contracts not designated as hedging instruments recognized in other noninterest income

​

​	​	​	​	​	​	​
​	​	Three Months Ended
​	​	March 31,
​		2022			2021
Not designated as hedging instruments:	​	(dollars in thousands)
Gross gains	​	$	5,413	​	$	7,564
Gross losses	​	​	(5,413)	​	​	(7,564)
Net gains (losses)	​	$	—	​	$	—

X

- References

No definition available.

+ Details

Name:	us-gaap_DerivativeInstrumentsAndHedgingActivitiesDisclosureAbstract
Namespace Prefix:	us-gaap_
Data Type:	xbrli:stringItemType
Balance Type:	na
Period Type:	duration

X

- Definition

Tabular disclosure of gain (loss) on derivative and nonderivative instruments designated and qualifying as cash flow hedge recorded in accumulated other comprehensive income (AOCI) and reclassified into earnings.

+ References

Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 815
-SubTopic 10
-Section 50
-Paragraph 4C
-Subparagraph (c)
-URI http://asc.fasb.org/extlink&oid=125515794&loc=SL5624171-113959

+ Details

Name:	us-gaap_ScheduleOfCashFlowHedgesIncludedInAccumulatedOtherComprehensiveIncomeLossTableTextBlock
Namespace Prefix:	us-gaap_
Data Type:	dtr-types:textBlockItemType
Balance Type:	na
Period Type:	duration

X

- Definition

Tabular disclosure of the location and fair value amounts of derivative instruments (and nonderivative instruments that are designated and qualify as hedging instruments) reported in the statement of financial position.

+ References

Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 815
-SubTopic 10
-Section 50
-Paragraph 4B
-URI http://asc.fasb.org/extlink&oid=125515794&loc=SL5624163-113959

+ Details

Name:	us-gaap_ScheduleOfDerivativeInstrumentsInStatementOfFinancialPositionFairValueTextBlock
Namespace Prefix:	us-gaap_
Data Type:	dtr-types:textBlockItemType
Balance Type:	na
Period Type:	duration

X

- Definition

Tabular disclosure of interest rate derivatives, including, but not limited to, the fair value of the derivatives, statement of financial position location, and statement of financial performance location of these instruments.

+ References

Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 815
-SubTopic 10
-Section 50
-Paragraph 4C
-URI http://asc.fasb.org/extlink&oid=125515794&loc=SL5624171-113959

+ Details

Name:	us-gaap_ScheduleOfInterestRateDerivativesTableTextBlock
Namespace Prefix:	us-gaap_
Data Type:	dtr-types:textBlockItemType
Balance Type:	na
Period Type:	duration

X

- Definition

Tabular disclosure of derivative instrument not designated or qualifying as hedging instrument.

+ References

Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 815
-SubTopic 10
-Section 50
-Paragraph 4C
-Subparagraph (e)
-URI http://asc.fasb.org/extlink&oid=125515794&loc=SL5624171-113959

Reference 2: http://www.xbrl.org/2009/role/commonPracticeRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 815
-SubTopic 10
-Section 50
-Paragraph 4CC
-URI http://asc.fasb.org/extlink&oid=125515794&loc=SL109998890-113959

+ Details

Name:	us-gaap_ScheduleOfOtherDerivativesNotDesignatedAsHedgingInstrumentsStatementsOfFinancialPerformanceAndFinancialPositionLocationTableTextBlock
Namespace Prefix:	us-gaap_
Data Type:	dtr-types:textBlockItemType
Balance Type:	na
Period Type:	duration