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Derivative Financial Instruments (Tables)
6 Months Ended
Jun. 30, 2021
Derivative Instruments and Hedging Activities Disclosure [Abstract]  
Schedule of notional amount and fair value of interest rate swaps
  June 30, 2021   December 31, 2020 
  Notional   Fair   Notional   Fair 
($ in thousands)  Amount   Value   Amount   Value 
Asset Derivatives                
Derivatives not designated as hedging instruments                
Interest rate swaps associated with loans  $87,884   $5,445   $87,687   $7,962 
IRLCs   43,655    120    46,130    278 
Total contracts  $131,539   $5,565   $133,817   $8,240 
Liability Derivatives                    
Derivatives not designated as hedging instruments                    
Interest rate swaps associated with loans  $87,884   $(5,445)  $87,687   $(7,962)
Forward contracts   50,000    (108)   50,000    (265)
Total contracts  $137,884   $(5,553)  $137,687   $(8,227)

 

Schedule of consolidated statements of income for non-hedging derivative financial instruments
      Three Months Ended
June 30,
   Six Months Ended
June 30,
 
($ in thousands)  Statement of income classification  2021   2020   2021   2020 
Interest rate swap contracts  Other income  $
-
   $48   $133   $228 
Interest rate swap contracts  Other expense   
-
    
-
    
-
    
-
 
IRLCs  Gain on sale of mortgage loans & OMSR   534    (334)   (158)   337 
Forward contracts  Gain on sale of mortgage loans & OMSR   (605)   693    157    (360)

 

Schedule of financial assets and derivative assets
      Gross amounts   Net amounts
of assets
   Gross amounts not offset in the
consolidated balance sheet
     
($ in thousands)  Gross amounts
of recognized
assets
   offset in the
consolidated
balance sheet
   presented in
the consolidated
balance sheet
   Financial
instruments
   Cash collateral
received
   Net amount 
June 30, 2021                        
Interest rate swaps  $5,445   $
        -
   $      5,445   $
             -
   $
       -
   $5,445 
December 31, 2020                              
Interest rate swaps  $7,962   $
-
   $7,962   $
-
   $
-
   $7,962 

 

Schedule of financial liabilities and derivative liabilities
      Gross amounts   Net amounts
of liabilities
   Gross amounts not offset in the
consolidated balance sheet
     
($ in thousands)  Gross amounts
of recognized
liabilities
   offset in the
consolidated
balance sheet
   presented in
the consolidated
balance sheet
   Financial
instruments
   Cash collateral
pledged
   Net amount 
June 30, 2021                        
Interest rate swaps  $      5,445   $
              -
   $          5,445   $    1,155   $5,740   $(1,450)
December 31, 2020                              
Interest rate swaps  $7,962   $
-
   $7,962   $
-
   $8,896   $(934)