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Other Derivatives (Tables) | 3 Months Ended
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Mar. 31, 2021
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 March 31, 2021 (unaudited) and December 31, 2020.
|  | March 31, 2021 |  | December 31, 2020
(dollars in thousands) |  | Notional Amount |  | Fair Value |  | Balance Sheet Category |  | Fair Value |  | Balance Sheet Category
Derivatives not designated as hedging instruments |  |  |  |  |  |  |  |  |  |
Interest rate product |  | $ | 217,398 |  |  | $ | 3,637 |  |  | Other Assets |  | $ | 3,491 |  |  | Other Assets
Mortgage banking derivatives |  | $ | 191,902 |  |  | $ | 2,514 |  |  | Other Assets |  | 5,213 |  |  | Other Assets
|  | $ | 409,300 |  |  | $ | 6,151 |  |  | Other Assets |  | $ | 8,704 |  |  | Other Assets
Derivatives designated as hedging instruments |  |  |  |  |  |  |  |  |  |
Interest rate product |  | $ | 100,000 |  |  | $ | 133 |  |  | Other Liabilities |  | $ | 516 |  |  | Other Liabilities
Derivatives not designated as hedging instruments |  |  |  |  |  |  |  |  |  |
Interest rate product |  | $ | 217,398 |  |  | $ | 3,516 |  |  | Other Liabilities |  | 3,653 |  |  | Other Liabilities
Other Contracts |  | $ | 26,789 |  |  | $ | 78 |  |  | Other Liabilities |  | 118 |  |  | Other Liabilities
|  | $ | 244,187 |  |  | $ | 3,594 |  |  | Other Liabilities |  | $ | 3,771 |  |  | Other Liabilities
Net Derivatives on the balance sheet |  |  |  | $ | 3,727 |  |  |  |  | $ | 4,287 |  |  |
Cash and other collateral |  |  |  | $ | 2,550 |  |  |  |  | 4,168 |  |  |
Net Derivative Amounts |  |  |  | $ | 1,177 |  |  |  |  | $ | 119 |  |  |
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 months ended March 31, 2021 and 2020:
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 |  | Recognized from |  | Reclassified from Accumulated
Derivatives in Subtopic |  | in OCI on Derivative |  | Accumulated Other |  | OCI into Income
815-20 Hedging |  | Three Months Ended March 31, |  | Comprehensive Income into |  | Three Months Ended March 31,
Relationships (dollars in thousands) |  | 2021 |  | 2020 |  | Income |  | 2021 |  | 2020
Derivatives in Cash Flow Hedging Relationships |  |  |  |  |  |  |  |  |  |
Interest Rate Products |  | $ | (844) |  |  | $ | (1,521) |  |  | Interest Expense |  | $ | (385) |  |  | $ | 28 |
Total |  | $ | (844) |  |  | $ | (1,521) |  |  |  |  | $ | (385) |  |  | $ | 28 |
Schedule of the effect of derivative financial instruments on the Consolidated Statements of Operations | able below presents the effect of the Company’s derivative financial instruments on the Consolidated Statements of Income for the three months ended March 31, 2021 and 2020:
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 March 31, |  |
|  | 2021 |  | 2020 |  |  |  |  |  |
|  | Interest Expense |  |  |  |  |  |
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 |  | $ | (384) |  |  | $ | 28 |  |  |  |  |  |  |
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 |  | $ | (384) |  |  | $ | 28 |  |  |  |  |  |  |
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 |  | $ | — |  |  | $ | — |  |  |  |  |  |  |
Amount of Gain or (Loss) Reclassified from Accumulated OCI into Income - Included Component |  | $ | (384) |  |  | $ | 28 |  |  |  |  |  |  |
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) |  |
|  |  |  | Recognized in Income on |  |
|  | Location of |  | Derivative |  |
Derivatives Not Designated as Hedging |  | (Loss) Recognized in |  | Three Months Ended March 31, |  |
Instruments under Subtopic 815-20 |  | Income on Derivative |  | 2021 |  | 2020 |  |  |  |
Interest Rate Products |  | Other income / (expense) |  | $ | 283 |  |  | $ | (168) |  |  |  |  |
Mortgage banking derivatives |  | Other income / (expense) |  | 2,514 |  |  | 663 |  |  |  |  |
Other Contracts |  | Other income / (expense) |  | 40 |  |  | (66) |  |  |  |  |
Total |  |  |  | $ | 2,837 |  |  | $ | 429 |  |  |  |  |

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