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Derivative Financial Instruments (Tables)

3 Months Ended

Mar. 31, 2023

Derivative Instruments and Hedging Activities Disclosure [Abstract]

Schedule of notional amount and fair value of interest rate swaps

		March 31, 2023								December 31, 2022
		Notional				Fair				Notional				Fair
($ in thousands)		Amount				Value				Amount				Value
Asset Derivatives
Derivatives not designated as hedging instruments
Interest rate swaps associated with loans		$	64,462			$	4,404			$	66,477			$	5,538
IRLCs			10,516				45				-				-
Forward contracts			-				-				5,500				26
Total contracts		$	74,978			$	4,449			$	71,977			$	5,564
Liability Derivatives
Derivatives not designated as hedging instruments
Interest rate swaps associated with loans		$	64,462			$	(4,404	)		$	66,477			$	(5,538	)
Forward contracts			15,500				(112	)			-				-
IRLCs			-				-				3,268				(20	)
Total contracts		$	79,962			$	(4,516	)		$	69,745			$	(5,558	)

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

				Three Months Ended March 31,
($ in thousands)		Statement of income classification		2023				2022
Interest rate swap contracts		Other income		$	6			$	-
IRLCs		Gain on sale of mortgage loans & OMSR			65				(177	)
Forward contracts		Gain on sale of mortgage loans & OMSR			(138	)			313

Schedule of financial assets and derivative assets

($ in thousands)		Gross amounts				Gross amounts offset in the				Net amounts of assets presented in the				Gross amounts not offset in the consolidated balance sheet
		of recognized assets				consolidated balance sheet				consolidated balance sheet				Financial instruments				Cash collateral received				Net amount
March 31, 2023
Interest rate swaps		$	4,424			$	20			$	4,404			$	-			$	3,860			$	544
December 31, 2022
Interest rate swaps		$	5,540			$	2			$	5,538			$	-			$	4,480			$	1,058

Schedule of financial liabilities and derivative liabilities

($ in thousands)		Gross amounts				Gross amounts offset in the				Net amounts of liabilities presented in the				Gross amounts not offset in the consolidated balance sheet
		of recognized liabilities				consolidated balance sheet				consolidated balance sheet				Financial instruments				Cash collateral pledged				Net amount
March 31, 2023
Interest rate swaps		$	4,424			$	20			$	4,404			$	-			$	-			$	4,404
December 31, 2022
Interest rate swaps		$	5,540			$	2			$	5,538			$	-			$	-			$	5,538

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
-Name Regulation S-X (SX)
-Number 210
-Section 12
-Subsection 04
-Paragraph (a)
-Publisher SEC

Reference 2: http://www.xbrl.org/2009/role/commonPracticeRef
-Topic 235
-SubTopic 10
-Name Accounting Standards Codification
-Section S99
-Paragraph 3
-Subparagraph (SX 210.12-04(a))
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147480678/235-10-S99-3

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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://www.xbrl.org/2003/role/disclosureRef
-Topic 210
-SubTopic 20
-Name Accounting Standards Codification
-Section 50
-Paragraph 4
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147483466/210-20-50-4

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-SubTopic 20
-Name Accounting Standards Codification
-Section 50
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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://www.xbrl.org/2003/role/disclosureRef
-Topic 210
-SubTopic 20
-Name Accounting Standards Codification
-Section 50
-Paragraph 4
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147483466/210-20-50-4

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-SubTopic 20
-Name Accounting Standards Codification
-Section 50
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-Publisher FASB
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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
-Name Accounting Standards Codification
-Topic 815
-SubTopic 10
-Section 50
-Paragraph 4B
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147480434/815-10-50-4B

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