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Derivative Instruments (Tables) | 9 Months Ended
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Sep. 30, 2021
Derivative Instruments and Hedging Activities Disclosure [Abstract] |
Amounts and Locations of Activity Related to Interest Rate Swaps Designated as Cash Flow Hedges within Corporation's Consolidated Balance Sheet and Statement of Income | The following tables provide information about the amounts and locations of activity related to the interest rate swaps designated as cash flow hedges within the Corporation’s consolidated balance sheet and statement of income as of September 30, 2021 and December 31, 2020 and for the three and nine months ended September 30, 2021 and 2020:
|  |  | Fair value as of
| Balance Sheet Location |  | September 30, 2021 |  | December 31, 2020
Interest rate contracts | Accrued interest and other liabilities |  | $ | (532) |  |  | $ | (768) |
For the Three Months Ended September 30, 2021 | (a) |  | (b) |  | (c) |  | (d) |  | (e)
Interest rate contracts | $ | 53 |  |  | Interest expense – subordinated notes and debentures |  | $ | (73) |  |  | Other income |  | $ | 0 |
For the Nine Months Ended September 30, 2021 | (a) |  | (b) |  | (c) |  | (d) |  | (e)
Interest rate contracts | $ | 187 |  |  | Interest expense – subordinated notes and debentures |  | $ | (204) |  |  | Other income |  | $ | 0 |
For the Three Months Ended September 30, 2020 | (a) |  | (b) |  | (c) |  | (d) |  | (e)
Interest rate contracts | $ | 56 |  |  | Interest expense – subordinated notes and debentures |  | $ | (67) |  |  | Other income |  | $ | 0 |
For the Nine Months Ended September 30, 2020 | (a) |  | (b) |  | (c) |  | (d) |  | (e)
Interest rate contracts | $ | (277) |  |  | Interest expense – subordinated notes and debentures |  | $ | (153) |  |  | Other income |  | $ | 0 |
(a)Amount of Gain or (Loss) Recognized in Other Comprehensive Loss on Derivative (Effective Portion), net of tax (b)Location of Gain or (Loss) Reclassified from Accumulated Other Comprehensive Loss into Income (Effective Portion) (c)Amount of Gain or (Loss) Reclassified from Accumulated Other Comprehensive Loss into Income (Effective Portion) (d)Location of Gain or (Loss) Recognized in Income on Derivative (Ineffective Portion and Amount Excluded from Effectiveness Testing) (e)Amount of Gain or (Loss) Recognized in Income on Derivative (Ineffective Portion and Amount Excluded from Effectiveness Testing)
Amounts and Locations of Activity Related to Back-to-Back Interest Rate Swaps within Corporation's Consolidated Balance Sheet | The following table provides information about the amounts and locations of activity related to the back-to-back interest rate swaps within the Corporation’s consolidated balance sheet as of September 30, 2021 and December 31, 2020:
| Notional Amount |  | Weighted Average Maturity (in years) |  | Weighted Average Fixed Rate |  | Weighted Average Variable Rate |  | Fair Value |  |
September 30, 2021 |  |  |  |  |  |  |  |  |  |  |
3rd Party interest rate swaps | $ | 33,101 |  |  | 6.0 |  | 4.12 | % |  | 1 month LIBOR + 2.27% |  | $ | 2,569 |  |  | (a)
Customer interest rate swaps | (33,101) |  |  | 6.0 |  | 4.12 | % |  | 1 month LIBOR + 2.27% |  | (2,569) |  |  | (b)
December 31, 2020 |  |  |  |  |  |  |  |  |  |  |
3rd Party interest rate swaps | $ | 34,089 |  |  | 6.7 |  | 4.13 | % |  | 1 month LIBOR + 2.27% |  | $ | 4,017 |  |  | (a)
Customer interest rate swaps | (34,089) |  |  | 6.7 |  | 4.13 | % |  | 1 month LIBOR + 2.27% |  | (4,017) |  |  | (b)
(a)Reported in accrued interest receivable and other assets within the consolidated balance sheets (b)Reported in accrued interest payable and other liabilities within the consolidated balance sheets

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- Definition Tabular disclosure of pertinent information about a derivative or group of derivatives on a disaggregated basis, such as for individual instruments, or small groups of similar instruments. May include a combination of the type of instrument, risks being hedged, notional amount, hedge designation, related hedged item, inception date, maturity date, or other relevant item. + 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 Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 815 -SubTopic 10 -Section 50 -Paragraph 1B -URI http://asc.fasb.org/extlink&oid=125515794&loc=SL5580258-113959 Reference 3: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 815 -SubTopic 10 -Section 50 -Paragraph 2 -URI http://asc.fasb.org/extlink&oid=125515794&loc=d3e41620-113959 Reference 4: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 815 -SubTopic 10 -Section 50 -Paragraph 1A -URI http://asc.fasb.org/extlink&oid=125515794&loc=SL5579245-113959 Reference 5: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 815 -SubTopic 10 -Section 50 -Paragraph 4 -URI http://asc.fasb.org/extlink&oid=125515794&loc=d3e41638-113959 Reference 6: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 815 -SubTopic 10 -Section 50 -Paragraph 8 -URI http://asc.fasb.org/extlink&oid=125515794&loc=d3e41678-113959 Reference 7: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 815 -SubTopic 10 -Section 50 -Paragraph 5 -URI http://asc.fasb.org/extlink&oid=125515794&loc=d3e41641-113959 Reference 8: 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 Reference 9: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 815 -SubTopic 10 -Section 50 -Paragraph 1 -URI http://asc.fasb.org/extlink&oid=125515794&loc=SL5579240-113959 + Details
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- 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
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