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Other Derivatives (Tables) | 6 Months Ended
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Jun. 30, 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 June 30, 2021and December 31, 2020.
|  | June 30, 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 |  | $ | 276,740 |  |  | $ | 5,534 |  |  | Other Assets |  | $ | 3,491 |  |  | Other Assets
Mortgage banking derivatives |  | $ | 109,111 |  |  | $ | 1,179 |  |  | Other Assets |  | 5,213 |  |  | Other Assets
|  | $ | 385,851 |  |  | $ | 6,713 |  |  | Other Assets |  | $ | 8,704 |  |  | Other Assets
Derivatives designated as hedging instruments |  |  |  |  |  |  |  |  |  |
Interest rate product |  | $ | — |  |  | $ | — |  |  | Other Liabilities |  | $ | 516 |  |  | Other Liabilities
Derivatives not designated as hedging instruments |  |  |  |  |  |  |  |  |  |
Interest rate product |  | $ | 276,740 |  |  | $ | 5,712 |  |  | Other Liabilities |  | 3,653 |  |  | Other Liabilities
Other Contracts |  | $ | 26,666 |  |  | $ | 74 |  |  | Other Liabilities |  | 118 |  |  | Other Liabilities
|  | $ | 303,406 |  |  | $ | 5,786 |  |  | Other Liabilities |  | $ | 3,771 |  |  | Other Liabilities
Net Derivatives on the balance sheet |  |  |  | $ | 5,786 |  |  |  |  | $ | 4,287 |  |  |
Cash and other collateral |  |  |  | $ | 4,295 |  |  |  |  | 4,168 |  |  |
Net Derivative Amounts |  |  |  | $ | 1,491 |  |  |  |  | $ | 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 and six months ended June 30, 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 June 30, |  | Comprehensive Income into |  | Three Months Ended June 30,
Relationships (dollars in thousands) |  | 2021 |  | 2020 |  | Income |  | 2021 |  | 2020
Derivatives in Cash Flow Hedging Relationships |  |  |  |  |  |  |  |  |  |
Interest Rate Products |  | $ | — |  |  | $ | (27) |  |  | Interest Expense |  | $ | (60) |  |  | $ | (394) |
Total |  | $ | — |  |  | $ | (27) |  |  |  |  | $ | (60) |  |  | $ | (394) |
|  |  |  |  |  | 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 |  | Six Months Ended June 30, |  | Comprehensive Income into |  | Six Months Ended June 30,
Relationships (dollars in thousands) |  | 2021 |  | 2020 |  | Income |  | 2021 |  | 2020
Derivatives in Cash Flow Hedging Relationships |  |  |  |  |  |  |  |  |  |
Interest Rate Products |  | (844) |  |  | (1,548) |  |  | Interest Expense |  | (445) |  |  | (366) |
Total |  | (844) |  |  | (1,548) |  |  |  |  | (445) |  |  | (366) |
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 six months ended June 30, 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 June 30, |  | Six Months Ended June 30, |  |
|  | 2021 |  | 2020 |  | 2021 |  | 2020 |  |  |  |  |  |
|  | Interest Expense |  | 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 |  | $ | (60) |  |  | $ | (394) |  |  | $ | (445) |  |  | $ | (366) |  |  |  |  |  |  |
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 |  | $ | (60) |  |  | $ | (394) |  |  | $ | (445) |  |  | $ | (366) |  |  |  |  |  |  |
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 |  | $ | (60) |  |  | $ | (394) |  |  | $ | (445) |  |  | $ | (366) |  |  |  |  |  |  |
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 June 30, |  | Six Months Ended June 30, |  |
Instruments under Subtopic 815-20 |  | Income on Derivative |  | 2021 |  | 2020 |  | 2021 |  | 2020 |  |  |  |
Interest Rate Products |  | Other income / (expense) |  | $ | (299) |  |  | $ | (118) |  |  | (16) |  |  | (286) |  |  |  |  |
Mortgage banking derivatives |  | Other income / (expense) |  | 1,179 |  |  | — |  |  | 3,693 |  |  | — |  |  |  |  |
Other Contracts |  | Other income / (expense) |  | 4 |  |  | 2 |  |  | 44 |  |  | (64) |  |  |  |  |
Total |  |  |  | $ | 884 |  |  | $ | (116) |  |  | 3,721 |  |  | (350) |  |  |  |  |

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