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Derivative Financial Instruments and Hedging Activities - (Tables) | 9 Months Ended
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Sep. 30, 2021
Derivative Instruments and Hedging Activities Disclosure [Abstract] |
Schedule of Derivative Instruments in Statement of Financial Position, Fair Value | Information on our derivatives follows:
| Asset Derivatives |  | Liability Derivatives
(in thousands) | September 30, 2021 | December 31, 2020 |  | September 30, 2021 | December 31, 2020
Fair value hedges: |  |  |  |  |
Interest rate contracts notional amount | $ | — |  | $ | — |  |  | $ | 13,280 |  | $ | 13,991 |
Interest rate contracts fair value 1 | $ | — |  | $ | — |  |  | $ | 1,266 |  | $ | 1,912 |
1 See Note 3, Fair Value of Assets and Liabilities, for valuation methodology. The following table presents the carrying amount and associated cumulative basis adjustment related to the application of fair value hedge accounting that is included in the carrying amount of hedged assets as of September 30, 2021 and December 31, 2020.
| Carrying Amounts of Hedged Assets |  | Cumulative Amount of Fair Value Hedging Adjustment Included in the Carrying Amount of the Hedged Loans
(in thousands) | September 30, 2021 | December 31, 2020 |  | September 30, 2021 | December 31, 2020
Loans | $ | 14,401 |  | $ | 15,745 |  |  | $ | 1,122 |  | $ | 1,753 |
Schedule of Derivative Instruments, Gain (Loss) in Statement of Financial Performance | The following table presents the net losses recognized in interest income on loans on the consolidated statements of comprehensive income related to our derivatives designated as fair value hedges.
| Three months ended | Nine months ended
(in thousands) | September 30, 2021 | September 30, 2020 | September 30, 2021 | September 30, 2020
Interest and fees on loans 1 | $ | 24,027 |  | $ | 21,776 |  | $ | 66,117 |  | $ | 63,880 |
Increase (decrease) in fair value of designated interest rate swaps due to LIBOR interest rate movements | $ | 97 |  | $ | 152 |  | $ | 646 |  | $ | (1,351) |
Payment on interest rate swaps | (93) |  | (108) |  | (278) |  | (255) |
Decrease (increase) in fair value hedging adjustment of hedged loans | (94) |  | (155) |  | (631) |  | 1,374 |
Decrease in value of yield maintenance agreement | (3) |  | (3) |  | (9) |  | (9) |
Net losses on fair value hedging relationships recognized in interest income | $ | (93) |  | $ | (114) |  | $ | (272) |  | $ | (241) |
1 Represents the income line item in the statement of comprehensive income in which the effects of fair value hedges are recorded.
Offsetting Liabilities | Information on financial instruments that are eligible for offset in the consolidated statements of condition follows:
Offsetting of Financial Liabilities and Derivative Liabilities
|  | Gross Amounts | Net Amounts of | Gross Amounts Not Offset in |
| Gross Amounts | Offset in the | Liabilities Presented | the Statements of Condition |
| of Recognized | Statements of | in the Statements | Financial | Cash Collateral |
(in thousands) | Liabilities 1 | Condition | of Condition 1 | Instruments | Pledged | Net Amount
September 30, 2021 |  |  |  |  |  |
Derivatives by Counterparty: |  |  |  |  |  |
Counterparty A | $ | 1,266 |  | $ | — |  | $ | 1,266 |  | $ | — |  | $ | (1,266) |  | $ | — |
December 31, 2020 |  |  |  |  |  |
Derivatives by Counterparty: |  |  |  |  |  |
Counterparty A | $ | 1,912 |  | $ | — |  | $ | 1,912 |  | $ | — |  | $ | (1,912) |  | $ | — |
1 Amounts exclude accrued interest on swaps.

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- 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
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- 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
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