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Derivative Financial Instruments (Tables)
12 Months Ended
Dec. 31, 2022
Derivative Instruments and Hedging Activities Disclosure [Abstract]  
Schedule of notional amount and fair value of interest rate swaps
   2022   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  $66,477   $5,538   $84,733   $3,655 
IRLCs   
-
    
-
    21,391    22 
Forward contracts   5,500    26    
-
    
-
 
Total contracts  $71,977   $5,564   $106,124   $3,677 
                     
Liability Derivatives                    
Derivatives not designated as hedging instruments                    
Interest rate swaps associated with loans  $66,477   $(5,538)  $84,733   $(3,655)
Forward contracts   
-
    
-
    25,000    (32)
IRLCs   3,268    (20)   
-
    
-
 
Total contracts  $69,745   $(5,558)  $109,733   $(3,687)

 

Schedule of consolidated statements of income for non-hedging derivative financial instruments
      Amount of gain (loss) 
  Statement of income classification  2022   2021 
($ in thousands)             
Interest rate swap contracts  Other income  $19   $242 
IRLCs  Gain on sale of mortgage loans & OMSR   (42)   (256)
Forward contracts  Gain on sale of mortgage loans & OMSR   57    233 

 

Schedule of financial assets and derivative assets
   Gross
amounts
of
   Gross amounts
offset in the
consolidated
   Net amounts of
assets
presented in
the
consolidated
   Gross amounts not offset in the
consolidated balance sheet
     
($ in thousands)  recognized
assets
   balance
sheet
   balance
sheet
   Financial
instruments
   Cash collateral
received
   Net amount 
December 31, 2022                        
Interest rate swaps  $  5,540   $         2   $         5,538   $
     -
   $4,480   $      1,058 
                               
December 31, 2021                              
Interest rate swaps  $3,746   $91   $3,655   $
-
   $
-
   $3,655 

 

Schedule of financial liabilities and derivative liabilities
   Gross amounts
of
   Gross amounts
offset in the
consolidated
   Net amounts of
liabilities
presented in
the
consolidated
   Gross amounts not offset in the
consolidated balance sheet
     
($ in thousands)  recognized
liabilities
   balance
sheet
   balance
sheet
   Financial
instruments
   Cash collateral
pledged
   Net amount 
December 31, 2022                        
Interest rate swaps  $5,540   $2   $5,538   $
-
   $-   $5,538 
                               
December 31, 2021                              
Interest rate swaps  $3,746   $91   $3,655   $
-
   $6,906   $(3,251)