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Derivative Financial Instruments (Tables)

3 Months Ended

Mar. 31, 2021

Derivative Instruments and Hedging Activities Disclosure [Abstract]

Schedule of notional amount and fair value of interest rate swaps

		March 31, 2021								December 31, 2020
		Notional				Fair				Notional				Fair
		Amount				Value				Amount				Value
Asset Derivatives
Derivatives not designated as hedging instruments
Interest rate swaps associated with loans		$	90,857			$	4,504			$	87,687			$	7,962
IRLCs			47,841				(414	)			46,130				278
Total contracts		$	138,698			$	4,090			$	133,817			$	8,240
Liability Derivatives
Derivatives not designated as hedging instruments
Interest rate swaps associated with loans		$	90,857			$	(4,504	)		$	87,687			$	(7,962	)
Forward contracts			53,000				497				50,000				(265	)
Total contracts		$	143,857			$	(4,007	)		$	137,687			$	(8,227	)

Schedule of consolidated statements of income for non-hedging derivative financial instruments

				Amount of gain (loss)
($ in thousands)		Statement of income classification		2021				2020
Interest rate swap contracts		Other income		$	133			$	180
Interest rate swap contracts		Other expense			-				-
IRLCs		Gain on sale of mortgage loans & OMSR			(692	)			671
Forward contracts		Gain on sale of mortgage loans & OMSR			762				(1,053	)

Schedule of financial assets and derivative assets

		Gross				Gross amounts offset				Net amounts of assets presented in the				Gross amounts not offset in the consolidated balance sheet
($ in thousands)		amounts of recognized assets				in the consolidated balance sheet				consolidated balance sheet				Financial instruments				Cash collateral received				Net amount
March 31, 2021
Interest rate swaps		$	4,504			$	-			$	4,504			$	-			$	-			$	4,504
December 31, 2020
Interest rate swaps		$	7,962			$	-			$	7,962			$	-			$	-			$	7,962

Schedule of financial liabilities and derivative liabilities

		Gross				Gross amounts offset				Net amounts of liabilities presented in the				Gross amounts not offset in the consolidated balance sheet
($ in thousands)		amounts of recognized liabilities				in the consolidated balance sheet				consolidated balance sheet				Financial instruments				Cash collateral pledged				Net amount
March 31, 2021
Interest rate swaps		$	4,504			$	-			$	4,504			$	1,155			$	5,740			$	(2,391	)
December 31, 2020
Interest rate swaps		$	7,962			$	-			$	7,962			$	-			$	8,896			$	(934	)

X

- Definition

Tabular disclosure of condensed financial statements, including, but not limited to, the balance sheet, income statement, and statement of cash flows.

+ References

Reference 1: http://www.xbrl.org/2003/role/disclosureRef
-Publisher SEC
-Name Regulation S-X (SX)
-Number 210
-Section 3
-Paragraph i
-Subsection 10

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- Definition

Tabular disclosure of derivative and other financial assets that are subject to offsetting, including master netting arrangements.

+ References

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-Publisher FASB
-Name Accounting Standards Codification
-Topic 210
-SubTopic 20
-Section 50
-Paragraph 3
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Tabular disclosure of derivative and other financial liabilities that are subject to offsetting, including master netting arrangements.

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-Name Accounting Standards Codification
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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
-Section 50
-Paragraph 4B
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