XML 37 R25.htm IDEA: XBRL DOCUMENT
v3.22.1

Other Derivatives (Tables) | 3 Months Ended
--- | ---
Mar. 31, 2022
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, 2022 and December 31, 2021. The Company has a minimum collateral posting threshold with its derivative counterparty. If the Company had breached any provisions under the agreement at March 31, 2022, it could have been required to settle its obligations under the agreement at the termination value.
|  | March 31, 2022 |  | December 31, 2021
(dollars in thousands) |  | Notional Amount |  | Fair Value |  | Balance Sheet Category |  | Notional Amount |  | Fair Value |  | Balance Sheet Category
Derivatives not designated as hedging instruments in an asset position |  |  |  |  |  |  |  |  |  |  |  |
Interest rate product |  | $ | 283,889 |  |  | $ | 10,357 |  |  | Other assets |  | $ | 272,825 |  |  | $ | 5,273 |  |  | Other assets
Mortgage banking derivatives |  | 24,279 |  |  | 209 |  |  | Other assets |  | 56,331 |  |  | 636 |  |  | Other assets
|  | $ | 308,168 |  |  | $ | 10,566 |  |  | Other assets |  | $ | 329,156 |  |  | $ | 5,909 |  |  | Other assets
Derivatives not designated as hedging instruments in a liability position |  |  |  |  |  |  |  |  |  |  |  |
Interest rate product |  | $ | 283,889 |  |  | 9,911 |  |  | Other liabilities |  | 272,825 |  |  | 5,223 |  |  | Other liabilities
Credit risk participation agreements |  | 26,290 |  |  | 17 |  |  | Other liabilities |  | 26,417 |  |  | 47 |  |  | Other liabilities
|  | $ | 310,179 |  |  | 9,928 |  |  | Other liabilities |  | $ | 299,242 |  |  | 5,270 |  |  | Other liabilities
Cash and other collateral posted |  |  |  | 2,270 |  |  |  |  |  |  | 2,930 |  |  |
Net derivatives in a liability position |  |  |  | $ | 7,658 |  |  |  |  |  |  | $ | 2,340 |  |  |
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, 2022 and 2021:
The Effect of Fair Value and Cash Flow Hedge Accounting on Accumulated Other Comprehensive Income
|  |  |  |  |  |  |  | Amount of Gain or (Loss)
|  | Amount of Gain (Loss) Recognized |  |  |  | Reclassified from Accumulated
Derivatives in Subtopic |  | in OCI on Derivatives |  | Location of Gain or (Loss) Recognized from |  | OCI into Net Income
815-20 Hedging Relationships |  | Three Months Ended March 31, |  | Accumulated Other Comprehensive Income into |  | Three Months Ended March 31,
(dollars in thousands) |  | 2022 |  | 2021 |  | Net Income |  | 2022 |  | 2021
Derivatives in Cash Flow Hedging Relationships |  |  |  |  |  |  |  |  |  |
Interest Rate Products |  | $ | — |  |  | $ | (844) |  |  | Interest Expense |  | $ | — |  |  | $ | (385) |
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 months ended March 31, 2022 and 2021:
The Effect of Fair Value and Cash Flow Hedge Accounting on the Statements of Income
|  | Amount of Gain or (Loss) Recognized in Interest
|  | Expense on Fair Value and Cash Flow |  |  |  |  |  |  |  |  |  |
|  | Hedging Relationships
|  | Three Months Ended March 31, |  |  |  |
(dollars in thousands) |  | 2022 |  | 2021 |  |  |  |  |  |  |  |  |  |
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 |  | $ | — |  |  | $ | (384) |  |  |  |  |  |  |  |  |  |  |
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) |  |  |  |  |  |  |  |  |  |  |
Amount of gain or (loss) reclassified from accumulated OCI into income - included component |  | $ | — |  |  | $ | (384) |  |  |  |  |  |  |  |  |  |  |
Effect of Derivatives Not Designated as Hedging Instruments in the Consolidated Statements of Income
|  |  |  | Amount of Income (Loss) Recognized |  |
|  |  |  | in Income on Derivatives |  |  |  |  |  |  |  |
Derivatives not Designated as Hedging Instruments under |  | Location of (Loss) Recognized in |  | Three Months Ended March 31, |  |  |  |
Subtopic 815-20 |  | Income on Derivatives |  | 2022 |  | 2021 |  |  |  |  |  |  |  |
Interest rate products |  | Other income / (Other expense) |  | $ | 250 |  |  | $ | 283 |  |  |  |  |  |  |  |  |
Mortgage banking derivatives |  | Other income / (Other expense) |  | 209 |  |  | 2,514 |  |  |  |  |  |  |  |  |
Other contracts |  | Other income / (Other expense) |  | — |  |  | 40 |  |  |  |  |  |  |  |  |
Total |  |  |  | $ | 459 |  |  | $ | 2,837 |  |  |  |  |  |  |  |  |

X
- References No definition available. + Details
Name: | us-gaap_DerivativeInstrumentsAndHedgingActivitiesDisclosureAbstract
Namespace Prefix: | us-gaap_
Data Type: | xbrli:stringItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of gain (loss) on derivative and nonderivative instruments designated and qualifying as cash flow hedge recorded in accumulated other comprehensive income (AOCI) and reclassified into earnings. + 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 -Subparagraph (c) -URI http://asc.fasb.org/extlink&oid=125515794&loc=SL5624171-113959 + Details
Name: | us-gaap_ScheduleOfCashFlowHedgesIncludedInAccumulatedOtherComprehensiveIncomeLossTableTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of the location and amount of derivative instruments and nonderivative instruments designated as hedging instruments reported before netting adjustments, and the amount of gain (loss) on derivative instruments and nonderivative instruments designated and qualified as hedging instruments. + References Reference 1: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 815 -SubTopic 10 -Section 50 -Paragraph 4E -URI http://asc.fasb.org/extlink&oid=125515794&loc=SL5624181-113959 Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 815 -SubTopic 10 -Section 50 -Paragraph 4A -Subparagraph (b) -URI http://asc.fasb.org/extlink&oid=125515794&loc=SL5618551-113959 Reference 3: 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
Name: | us-gaap_ScheduleOfDerivativeInstrumentsGainLossInStatementOfFinancialPerformanceTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of the location and fair value amounts of derivative instruments (and nonderivative instruments that are designated and qualify as hedging instruments) reported in the statement of financial position. + 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 + Details
Name: | us-gaap_ScheduleOfDerivativeInstrumentsInStatementOfFinancialPositionFairValueTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration