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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

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- References

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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

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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

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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
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