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Derivative Financial Instruments (Tables)

9 Months Ended

Sep. 30, 2022

Derivative Instruments and Hedging Activities Disclosure [Abstract]

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

		September 30, 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		$	68,014			$	5,799			$	84,733			$	3,655
IRLCs			-				-				21,391				22
Forward contracts			8,250				265				-				-
Total contracts		$	76,264			$	6,064			$	106,124			$	3,677
Liability Derivatives
Derivatives not designated as hedging instruments
Interest rate swaps associated with loans		$	68,014			$	(5,799	)		$	84,733			$	(3,655	)
Forward contracts			-				-				25,000				(32	)
IRLCs			7,655				(147	)			-				-
Total contracts		$	75,669			$	(5,946	)		$	109,733			$	(3,687	)

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

				Three Months Ended September 30,								Nine Months Ended September 30,
($ in thousands)		Statement of income classification		2022				2021				2022				2021
Interest rate swap contracts		Other income		$	-			$	-			$	3			$	133
IRLCs		Gain on sale of mortgage loans & OMSR			(201	)			(239	)			(169	)			(397	)
Forward contracts		Gain on sale of mortgage loans & OMSR			309				393				297				550

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
September 30, 2022
Interest rate swaps		$	5,799			$	-			$	5,799			$	-			$	3,160			$	2,639
December 31, 2021
Interest rate swaps		$	3,746			$	91			$	3,655			$	-			$	-			$	3,655

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
September 30, 2022
Interest rate swaps		$	5,799			$	-			$	5,799			$	-			$	1,165			$	4,634
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/2009/role/commonPracticeRef
-Publisher SEC
-Name Regulation S-X (SX)
-Number 210
-Section 12
-Paragraph (a)
-Subsection 04

Reference 2: http://www.xbrl.org/2009/role/commonPracticeRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 235
-SubTopic 10
-Section S99
-Paragraph 3
-Subparagraph (SX 210.12-04(a))
-URI https://asc.fasb.org/extlink&oid=120395691&loc=d3e24072-122690

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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 https://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 https://asc.fasb.org/extlink&oid=51824906&loc=SL20225877-175312

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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 https://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 https://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 https://asc.fasb.org/extlink&oid=125515794&loc=SL5624163-113959

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