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Other Derivatives (Tables) | 12 Months Ended
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Dec. 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 December 31, 2021 and December 31, 2020.
(dollars in thousands) | December 31, 2021 | December 31, 2020
| Notional Amount |  | Fair Value |  | Balance Sheet Category |  | Notional Amount |  | Fair Value |  | Balance Sheet Category
Derivatives not designated as hedging instruments |  |  |  |  |  |  |  |
Interest rate product | $ | 272,825 |  |  | $ | 5,273 |  |  | Other Assets |  | $ | 195,065 |  |  | $ | 3,491 |  |  | Other Assets
Mortgage banking derivatives | 56,331 |  |  | 636 |  |  | Other Assets |  | 367,708 |  |  | 5,213 |  |  | Other Assets
| $ | 329,156 |  |  | $ | 5,909 |  |  | Other Assets |  | $ | 562,773 |  |  | $ | 8,704 |  |  | Other Assets
Derivatives designated as hedging instruments |  |  |  |  |  |  |  |  |  |
Interest rate product | — |  |  | $ | — |  |  | Other Liabilities |  | $ | 100,000 |  |  | $ | 516 |  |  | Other Liabilities
Derivatives not designated as hedging instruments |  |  |  |  |  |  |  |  |  |
Interest rate product | $ | 272,825 |  |  | $ | 5,223 |  |  | Other Liabilities |  | $ | 209,830 |  |  | $ | 3,653 |  |  | Other Liabilities
Other Contracts | 26,417 |  |  | 47 |  |  | Other Liabilities |  | 26,911 |  |  | 118 |  |  | Other Liabilities
Mortgage banking derivatives | — |  |  | — |  |  | Other Liabilities |  | — |  |  | — |  |  | Other Liabilities
| $ | 299,242 |  |  | 5,270 |  |  | Other Liabilities |  | $ | 236,741 |  |  | 3,771 |  |  | Other Liabilities
Net derivatives on the balance sheet |  |  | 639 |  |  |  |  |  |  | 4,287 |  |  |
Cash and other collateral(1) |  |  | 2,930 |  |  |  |  |  |  | 4,168 |  |  |
Net derivative Amounts |  |  | $ | (2,291) |  |  |  |  |  |  | $ | 119 |  |  |
(1) Collateral represents the amount that cannot be used to offset our derivative assets and liabilities from a gross basis to a net basis in accordance with the applicable accounting guidance. The other collateral consist of securities and is exchanged under bilateral collateral and master netting agreements that allow us to offset the net derivative position with the related collateral. The application of the collateral cannot reduce the net derivative position below zero. Therefore, excess other collateral, if any, is not reflected above.
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 years ended December 31, 2021, 2020 and 2019.
The Effect of Cash Flow Hedge Accounting on Accumulated Other Comprehensive Income
|  | Amount of Gain or (Loss) Recognized in OCI on Derivative Year Ended December 31, |  |  |  | Amount of Gain or (Loss) Reclassified from Accumulated OCI into Income Year Ended December 31,
Derivatives in ASC 815-20 Hedging Relationships (dollars in thousands) |  | 2021 |  | 2020 |  | 2019 |  |  |  | 2021 |  | 2020 |  | 2019
Derivatives in cash flow hedging relationships |  |  |  |  |  |  |  |  |  |
Interest rate products |  | $ | — |  |  | $ | (1,510) |  |  | $ | (1,812) |  |  | Interest expense |  | $ | (517) |  |  | $ | (1,146) |  |  | $ | 1,165 |
Interest rate products |  | — |  |  | — |  |  | — |  |  | Gain on sale of investment securities |  | — |  |  | — |  |  | 829 |
Total |  | $ | — |  |  | $ | (1,510) |  |  | $ | (1,812) |  |  |  |  | $ | (517) |  |  | $ | (1,146) |  |  | $ | 1,994 |
Schedule of the effect of derivative financial instruments on the Consolidated Statements of Operations | The tables below present the effect of the Company’s derivative financial instruments on the Consolidated Statements of Income for the years ended December 31, 2021, 2020 and 2019.
The Effect of Fair Value and Cash Flow Hedge Accounting on the Consolidated Statements of Income |  |  |  |
|  | Year Ended December 31,
|  | 2021 |  | 2020 |  | 2019 |  | 2019
|  | Interest Expense |  | Interest Expense |  | Interest Expense |  | Gain on sale of investment securities
Total amounts of income and expense line items presented in the Consolidated Statements of Income in which the effects of fair value or cash flow hedges are recorded |  | $ | (517) |  |  | $ | (1,146) |  |  | $ | 1,165 |  |  | $ | 829 |
Gain or (loss) on cash flow hedging relationships in ASC 815-20 |  |  |  |  |  |  |  |
Interest contracts |  |  |  |  |  |  |  |
Amount of gain or (loss) reclassified from accumulated other comprehensive income into income |  | $ | (517) |  |  | $ | (1,146) |  |  | $ | 1,165 |  |  | $ | — |
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 |  | $ | (517) |  |  | $ | (1,146) |  |  | $ | 1,165 |  |  | $ | (1,146) |
Effect of Derivatives Not Designated as Hedging Instruments on the Statements of Income
Derivatives Not Designated as Hedging Instruments under ASC 815-20 |  | Location of Gain or (Loss) Recognized in Income on Derivative |  | Amount of Gain or (Loss) Recognized in Income on Derivative
|  | Year Ended December 31,
|  | 2021 |  | 2020 |  | 2019
Interest rate products |  | Other income / (expense) |  | $ | 2,797 |  |  | $ | 153 |  |  | $ | (8) |
Mortgage banking derivatives |  | Other income |  | 636 |  |  | 5,213 |  |  | 280 |
Other contracts |  | Other income / (expense) |  | — |  |  | 32 |  |  | (27) |
Total |  |  |  | $ | 3,433 |  |  | $ | 5,398 |  |  | $ | 245 |

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