XML 44 R35.htm IDEA: XBRL DOCUMENT
v3.22.1

DERIVATIVES (Tables) | 3 Months Ended
--- | ---
Mar. 31, 2022
Schedule of Information about Interest Rate Swaps Designated as Cash Flow Hedges | The following table presents information about the interest rate swaps designated as cash flow hedges as of March 31, 2022 and December 31, 2021:
(Dollars in thousands) |  | March 31, 2022 |  |  | December 31, 2021 |
Notional amount |  | $ | 230,000 |  |  | $ | 230,000 |
Weighted average pay rate |  |  | 1.99 | % |  |  | 1.99 | %
Weighted average receive rate |  |  | 0.23 | % |  |  | 0.20 | %
Weighted average maturity |  | 0.79 years |  |  | 1.04 years |
Unrealized loss, net |  | $ | (665 | ) |  | $ | (3,479 | )
Number of contracts |  |  | 11 |  |  |  | 13 |
Schedule of Cash Flow Hedges Included in Financial Statements |
|  | March 31, 2022 |
|  | Notional |  |  | Fair |
(In thousands) |  | Amount |  |  | Value |
Interest rate swaps related to interest-bearing deposits |  | $ | 230,000 |  |  | $ | (665 | )
Total included in other assets |  |  | 80,000 |  |  |  | 234 |
Total included in other liabilities |  |  | 150,000 |  |  |  | (899 | )
|  | December 31, 2021 |
|  | Notional |  |  | Fair |
(In thousands) |  | Amount |  |  | Value |
Interest rate swaps related to interest-bearing deposits |  | $ | 230,000 |  |  | $ | (3,479 | )
Total included in other assets |  |  | — |  |  |  | — |
Total included in other liabilities |  |  | 230,000 |  |  |  | (3,479 | )
Schedule of Net Gains/(Loss) Recorded in Accumulated Other Comprehensive Income/(Loss) | The following table presents the net gain/(loss) recorded in accumulated other comprehensive income/(loss) and the consolidated financial statements relating to the cash flow derivative instruments for the three months ended March 31, 2022 and 2021:
|  | For the Three Months Ended March 31, |
(In thousands) |  | 2022 |  |  | 2021 |
Interest rate contracts |  |  |  |  |  |  |  |
Gain/(loss) recognized in other comprehensive income (effective portion) |  | $ | 2,796 |  |  | $ | 1,450 |
Gain/(loss) reclassified from other comprehensive income to interest expense |  |  | — |  |  |  | — |
Gain/(loss) recognized in other noninterest income |  |  | — |  |  |  | — |
Not Designated as Hedging Instrument [Member] |
Schedule of Information about Interest Rate Swaps Designated as Cash Flow Hedges | Information about these swaps is as follows:
(Dollars in thousands) |  | March 31, 2022 |  |  | December 31, 2021 |
Notional amount |  | $ | 677,502 |  |  | $ | 702,210 |
Fair value |  | $ | 9,034 |  |  | $ | 32,326 |
Weighted average pay rates |  |  | 3.98 | % |  |  | 4.00 | %
Weighted average receive rates |  |  | 2.20 | % |  |  | 1.83 | %
Weighted average maturity |  | 5.2 years |  |  | 5.5 years |
Number of contracts |  |  | 85 |  |  |  | 86 |

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

X
- Definition Tabular disclosure of pertinent information about a derivative or group of derivatives on a disaggregated basis, such as for individual instruments, or small groups of similar instruments. May include a combination of the type of instrument, risks being hedged, notional amount, hedge designation, related hedged item, inception date, maturity date, or other relevant item. + 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 Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 815 -SubTopic 10 -Section 50 -Paragraph 1B -URI http://asc.fasb.org/extlink&oid=125515794&loc=SL5580258-113959 Reference 3: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 815 -SubTopic 10 -Section 50 -Paragraph 2 -URI http://asc.fasb.org/extlink&oid=125515794&loc=d3e41620-113959 Reference 4: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 815 -SubTopic 10 -Section 50 -Paragraph 1A -URI http://asc.fasb.org/extlink&oid=125515794&loc=SL5579245-113959 Reference 5: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 815 -SubTopic 10 -Section 50 -Paragraph 4 -URI http://asc.fasb.org/extlink&oid=125515794&loc=d3e41638-113959 Reference 6: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 815 -SubTopic 10 -Section 50 -Paragraph 8 -URI http://asc.fasb.org/extlink&oid=125515794&loc=d3e41678-113959 Reference 7: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 815 -SubTopic 10 -Section 50 -Paragraph 5 -URI http://asc.fasb.org/extlink&oid=125515794&loc=d3e41641-113959 Reference 8: 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 Reference 9: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 815 -SubTopic 10 -Section 50 -Paragraph 1 -URI http://asc.fasb.org/extlink&oid=125515794&loc=SL5579240-113959 + Details
Name: | us-gaap_ScheduleOfDerivativeInstrumentsTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Details
Name: | us-gaap_HedgingDesignationAxis=us-gaap_NotDesignatedAsHedgingInstrumentEconomicHedgeMember
Namespace Prefix: |
Data Type: | na
Balance Type: |
Period Type: |