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Derivative Financial Instruments (Tables)

3 Months Ended

Mar. 31, 2022

Derivative Instruments and Hedging Activities Disclosure [Abstract]

Schedule of notional amount and fair value of the company’s interest rate swaps

		March 31, 2022								December 31, 2021
		Notional				Fair				Notional				Fair
($ in thousands)		Amount				Value				Amount				Value
Asset Derivatives
Derivatives not designated as hedging instruments
Interest rate swaps associated with loans		$	75,640			$	482			$	84,733			$	3,655
IRLCs			-				-				21,391				22
Forward contracts			17,750				281				-				-
Total contracts		$	93,390			$	763			$	106,124			$	3,677
Liability Derivatives
Derivatives not designated as hedging instruments
Interest rate swaps associated with loans		$	75,640			$	(482	)		$	84,733			$	(3,655	)
Forward contracts			-				-				25,000				(32	)
IRLCs			13,285				(155	)			-				-
Total contracts		$	88,925			$	(637	)		$	109,733			$	(3,687	)

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

				Amount of gain (loss)
($ in thousands)		Statement of income classification		2022				2021
Interest rate swap contracts		Other income		$	-			$	133
IRLCs		Gain on sale of mortgage loans & OMSR			(177	)			(692	)
Forward contracts		Gain on sale of mortgage loans & OMSR			313				762

Schedule of financial assets and derivative assets

		Gross amounts				Gross amounts offset in the				Net amounts of assets presented in the				Gross amounts not offset in the consolidated balance sheet
($ in thousands)		of recognized assets				consolidated balance sheet				consolidated balance sheet				Financial instruments				Cash collateral received				Net amount
March 31, 2022
Interest rate swaps		$	1,211			$	729			$	482			$	-			$	-			$	482
December 31, 2021
Interest rate swaps		$	3,746			$	91			$	3,655			$	-			$	-			$	3,655

Schedule of financial liabilities and derivative liabilities

		Gross amounts				Gross amounts offset in the				Net amounts of liabilities presented in the				Gross amounts not offset in the consolidated balance sheet
($ in thousands)		of recognized liabilities				consolidated balance sheet				consolidated balance sheet				Financial instruments				Cash collateral pledged				Net amount
March 31, 2022
Interest rate swaps		$	1,211			$	729			$	482			$	-			$	6,897			$	(6,415	)
December 31, 2021
Interest rate swaps		$	3,746			$	91			$	3,655			$	-			$	6,906			$	(3,251	)

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

Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 210
-SubTopic 20
-Section 50
-Paragraph 3
-URI http://asc.fasb.org/extlink&oid=51824906&loc=SL20225862-175312

Reference 2: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 210
-SubTopic 20
-Section 50
-Paragraph 4
-URI http://asc.fasb.org/extlink&oid=51824906&loc=SL20225877-175312

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- Definition

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

+ References

Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 210
-SubTopic 20
-Section 50
-Paragraph 3
-URI http://asc.fasb.org/extlink&oid=51824906&loc=SL20225862-175312

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-Publisher FASB
-Name Accounting Standards Codification
-Topic 210
-SubTopic 20
-Section 50
-Paragraph 4
-URI http://asc.fasb.org/extlink&oid=51824906&loc=SL20225877-175312

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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

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