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Other Derivatives (Tables) | 9 Months Ended
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Sep. 30, 2020
Derivative Instruments and Hedging Activities Disclosure [Abstract] |
Schedule of balance sheet category and fair values of the derivative instruments | The table below identifies the balance sheet category and fair value of the Company’s designated cash flow hedge derivative instruments and non-designated hedges as of September 30, 2020 (unaudited) and December 31, 2019.
|  | September 30, 2020 |  | December 31, 2019
|  | Notional |  |  |  | Balance Sheet |  | Notional |  |  |  | Balance Sheet
Derivatives designated as hedging instruments (dollars in thousands) |  | Amount |  | Fair Value |  | Category |  | Amount |  | Fair Value |  | Category
Interest rate product |  | $ | 100,000 |  |  | $ | 910 |  |  | Other Liabilities |  | $ | 100,000 |  |  | $ | 206 |  |  | Other Liabilities
Derivatives not designated as hedging instruments (dollars in thousands |  |  |  |  |  |  |  |  |  |  |  |
Interest rate product |  | $ | 176,851 |  |  | $ | 4,306 |  |  | Other Assets |  | $ | 56,806 |  |  | $ | 311 |  |  | Other Assets
Mortgage banking derivatives |  | 409,988 |  |  | 6,015 |  |  | Other Assets |  | 49,869 |  |  | 280 |  |  | Other Assets
|  | 586,839 |  |  | 10,321 |  | 586,839 |  |  | 10,321 |  | 106,675 |  |  | 591 |  |  |
Interest rate product |  | $ | 176,851 |  |  | $ | 4,561 |  |  | Other Liabilities |  | $ | 56,806 |  |  | $ | 319 |  |  | Other Liabilities
Other Contracts |  | 27,031 |  |  | 136 |  |  | Other Liabilities |  | 27,384 |  |  | 86 |  |  | Other Liabilities
Mortgage banking derivatives |  | $ | — |  |  | $ | — |  |  | Other Liabilities |  | $ | 49,869 |  |  | $ | 66 |  |  | Other Liabilities
|  | $ | 203,882 |  |  | $ | 4,697 |  |  | Other Liabilities |  | $ | 134,059 |  |  | $ | 471 |  |  | Other Liabilities
Schedule of pretax net gains (losses) of designated cash flow hedges | The table below presents the pre-tax net gains (losses) of the Company’s designated cash flow hedges for the three and nine months ended September 30, 2020 and 2019:
The Effect of Fair Value and Cash Flow Hedge Accounting on Accumulated Other Comprehensive Income
|  |  |  |  |  | Location of Gain or (Loss) |  | Amount of Gain or (Loss)
|  | Amount of Gain (Loss) Recognized in |  | Recognized from |  | Reclassified from Accumulated OCI
|  | OCI on Derivative |  | Accumulated Other |  | into Income
Derivatives in Subtopic 815-20 Hedging |  | Three Months Ended September 30, |  | Comprehensive Income into |  | Three Months Ended September 30,
Relationships (dollars in thousands) |  | 2020 |  | 2019 |  | Income |  | 2020 |  | 2019
Derivatives in Cash Flow Hedging Relationships |  |  |  |  |  |  |  |  |  |
Interest Rate Products |  | 31 |  |  | (107) |  |  | Interest Expense |  | (389) |  |  | 264 |
Total |  | 31 |  |  | (107) |  |  |  |  | (389) |  |  | 264 |
|  |  |  |  |  | Location of Gain or (Loss) |  |  |  |
|  |  |  |  |  | Recognized from |  |
|  |  |  | Accumulated Other |  | Amount of Gain or (Loss)
|  | Amount of (Loss) Recognized in |  | Comprehensive Income into |  | Reclassified from Accumulated OCI
|  | OCI on Derivative |  | Income |  | into Income
Derivatives in Subtopic 815-20 Hedging |  | Nine Months Ended September 30, |  |  |  | Nine Months Ended September 30,
Relationships (dollars in thousands) |  | 2020 |  | 2019 |  |  |  | 2020 |  | 2019
Derivatives in Cash Flow Hedging Relationships |  |  |  |  |  |  |  |  |  |
Interest Rate Products |  | (1,517) |  |  | (1,974) |  |  | Interest Expense |  | (755) |  |  | 1,039 |
Interest Rate Products |  | — |  |  | — |  | Gain on sale of investment securities |  | — |  |  | 829 |
Total |  | (1,517) |  |  | (1,974) |  |  |  |  | (755) |  |  | 1,868 |
Schedule of the effect of derivative financial instruments on the Consolidated Statements of Operations | The table below presents the effect of the Company’s derivative financial instruments on the Consolidated Statements of Income for the three and nine months ended September 30, 2020 and 2019:
The Effect of Fair Value and Cash Flow Hedge Accounting on the Statements of Income
|  | Location and Amount of Gain or (Loss) Recognized in Income on
|  | Fair Value and Cash Flow Hedging Relationships (in 000's)
|  | Three Months Ended September 30, |  | Nine Months Ended September 30,
|  | 2020 |  | 2019 |  | 2020 |  | 2019 |  | 2019
|  | Interest |  | Interest |  | Interest |  | Gain on sale of
|  | Expense |  | Expense |  | Expense |  | investment securities
Total amounts of income and expense line items presented in the consolidated statement of income in which the effects of fair value or cash flow hedges are recorded |  | $ | 389 |  |  | $ | 264 |  |  | $ | 755 |  |  | $ | 1,039 |  |  | $ | 829 |
Gain or (loss) on cash flow hedging relationships in Subtopic 815-20 |  |  |  |  |  |  |  |  |  |
Interest contracts |  |  |  |  |  |  |  |  |  |
Amount of gain or (loss) reclassified from accumulated other comprehensive income into income |  | $ | 389 |  |  | $ | 264 |  |  | $ | 755 |  |  | $ | 1,039 |  |  | $ | — |
Amount of gain or (loss) reclassified from accumulated other comprehensive income into income as a result that a forecasted transaction is no longer probable of occurring |  | $ | — |  |  | $ | — |  |  | $ | — |  |  | $ | — |  |  | $ | 829 |
Amount of Gain or (Loss) Reclassified from Accumulated OCI into Income - Included Component |  | $ | 389 |  |  | $ | 264 |  |  | $ | 755 |  |  | $ | 1,039 |  |  | $ | 829 |
Amount of Gain or (Loss) Reclassified from Accumulated OCI into Income - Excluded Component |  | $ | — |  |  | $ | — |  |  | $ | — |  |  | $ | — |  |  | $ | — |
Effect of Derivatives Not Designated as Hedging Instruments on the Statements of Income
|  |  |  | Amount of Income (Loss) |  | Amount of Income (Loss)
|  |  |  | Recognized in Income on |  | Recognized in Income on
|  | Location of |  | Derivative |  | Derivative
Derivatives Not Designated as Hedging |  | (Loss) Recognized in |  | Three Months Ended September 30, |  | Nine Months Ended September 30,
Instruments under Subtopic 815-20 |  | Income on Derivative |  | 2020 |  | 2019 |  | 2020 |  | 2019
Interest Rate Products |  | Other income / (expense) |  | (40) |  |  | (7) |  |  | (326) |  |  | (7) |
Mortgage banking derivatives |  | Other income / (expense) |  | 6,015 |  |  | (380) |  |  | 6,015 |  |  | 316 |
Other Contracts |  | Other income / (expense) |  | (13) |  |  | (16) |  |  | (77) |  |  | (58) |
Total |  |  |  | 5,962 |  |  | (403) |  |  | 5,612 |  |  | 251 |
Schedule of the effects of offsetting, and a net presentation of cash flow hedge derivatives | The table below presents a gross presentation, the effects of offsetting, and a net presentation of the Company’s cash flow hedge derivatives as of September 30, 2020 (unaudited) and December 31, 2019.
As of September 30, 2020
|  |  |  | Gross |  |  |  | Gross Amounts Not Offset in the
|  | Gross |  | Amounts |  | Net Amounts of Assets presented in the Balance Sheet |  | Balance Sheet
|  | Amounts of |  | Offset in |  |  |  |  | Cash |  |
Offsetting of Derivative Assets (dollars in thousands) |  | Recognized |  | the Balance |  |  | Financial |  | Collateral |  | Net
| Assets |  | Sheet |  |  | Instruments |  | Posted |  | Amount
Derivatives |  | $ | 4,306 |  |  | $ | — |  |  | $ | 4,306 |  |  | $ | — |  |  | $ | — |  |  | $ | 4,306 |
|  |  |  | Gross |  |  |  | Gross Amounts Not Offset in the
|  | Gross |  | Amounts |  | Net Amounts of Liabilities presented in the Balance Sheet |  | Balance Sheet
|  | Amounts of |  | Offset in |  |  |  |  | Cash |  |
|  | Recognized |  | the Balance |  |  | Financial |  | Collateral |  | Net
Offsetting of Derivative Liabilities (dollars in thousands) |  | Liabilities |  | Sheet |  |  | Instruments |  | Posted |  | Amount
Derivatives |  | $ | 5,216 |  |  | $ | — |  |  | $ | 5,216 |  |  | $ | — |  |  | $ | 230 |  |  | $ | 4,986 |
As of December 31, 2019
|  |  |  | Gross |  |  |  | Gross Amounts Not Offset in the
|  | Gross |  | Amounts |  | Net Amounts of Assets presented in the Balance Sheet |  | Balance Sheet
|  | Amounts of |  | Offset in |  |  |  |  | Cash |  |
Offsetting of Derivative Assets (dollars in thousands) |  | Recognized |  | the Balance |  |  | Financial |  | Collateral |  | Net
| Assets |  | Sheet |  |  | Instruments |  | Posted |  | Amount
Derivatives |  | $ | 311 |  |  | — |  | $ | 311 |  |  | — |  | — |  | $ | 311 |
|  |  |  | Gross |  |  |  | Gross Amounts Not Offset in the
|  | Gross |  | Amounts |  | Net Amounts of Liabilities presented in the Balance Sheet |  | Balance Sheet
|  | Amounts of |  | Offset in |  |  |  |  | Cash |  |
|  | Recognized |  | the Balance |  |  | Financial |  | Collateral |  | Net
Offsetting of Derivative Liabilities (dollars in thousands) |  | Liabilities |  | Sheet |  |  | Instruments |  | Posted |  | Amount
Derivatives |  | $ | 611 |  |  | — |  | $ | 611 |  |  | — |  | $ | 500 |  |  | $ | 111 |

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