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Derivative Financial Instruments (Tables)
6 Months Ended
Jun. 30, 2023
Derivative Instruments and Hedging Activities Disclosure [Abstract]  
Schedule of Notional Amount and Fair Value of Interest Rate Swaps The table below presents the notional amount and fair value of the Company’s interest rate swaps, IRLCs and forward contracts utilized as of June 30, 2023 and December 31, 2022.
   June 30,
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  $63,424   $5,167   $66,477   $5,538 
IRLCs   
-
    
-
    
-
    
-
 
Forward contracts   14,750    48    5,500    26 
Total contracts  $78,174   $5,215   $71,977   $5,564 
                     
Liability Derivatives                    
Derivatives not designated as hedging instruments                    
Interest rate swaps associated with loans  $63,424   $(5,167)  $66,477   $(5,538)
Forward contracts   
-
    
-
    
-
    
-
 
IRLCs   10,047    (10)   3,268    (20)
Total contracts  $73,471   $(5,177)  $69,745   $(5,558)
Schedule of Consolidated Statements of Income for Non-Hedging Derivative Financial Instruments The following table presents the amounts included in the consolidated statements of income for non-hedging derivative financial instruments for the three and six months ended June 30, 2023 and 2022.
      Three Months Ended
June 30,
   Six Months Ended
June 30,
 
($ in thousands)  Statement of income classification  2023   2022   2023   2022 
Interest rate swap contracts  Other income  $
-
   $3   $6   $3 
IRLCs  Gain on sale of mortgage loans & OMSR   (55)   209    10    32 
Forward contracts  Gain on sale of mortgage loans & OMSR   160    (325)   22    (12)
Schedule of Financial Assets and Derivative Assets The following table shows the offsetting of financial assets and derivative assets at June 30, 2023 and December 31, 2022.
  Gross   Gross amounts   Net amounts of
assets
   Gross amounts not offset in the
consolidated balance sheet
     
($ in thousands)  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, 2023                        
Interest rate swaps  $5,167   $   -   $5,167   $   -   $3,770   $1,397 
                               
December 31, 2022                              
Interest rate swaps  $5,540   $2   $5,538   $-   $4,480   $1,058 
Schedule of Financial Liabilities and Derivative Liabilities The following table shows the offsetting of financial liabilities and derivative liabilities at June 30, 2023 and December 31, 2022.
       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, 2023                       
Interest rate swaps  $5,167   $   -   $5,167   $   -   $100   $5,067 
                               
December 31, 2022                              
Interest rate swaps  $5,540   $2   $5,538   $-   $-   $5,538