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Derivative Financial Instruments (Tables)
 9 Months Ended
Sep. 30, 2020
Derivative Instruments and Hedging Activities Disclosure [Abstract]  
Schedule Of Derivative Instruments, Cumulative Basis Adjustments The following table presents amounts that were recorded on the condensed consolidated balance sheets related to cumulative basis adjustments for interest rate swap derivatives designated as fair value accounting hedges as of September 30, 2020 and December 31, 2019.  
(in thousands)Carrying amount of the hedged assetCumulative amount of fair value hedging adjustment included in the carrying amount of the hedged assets
Line item in the condensed consolidated balance sheets in which the hedged item is includedSeptember 30, 2020December 31, 2019September 30, 2020December 31, 2019
Loans$— $474,957 $— $21,440 
Securities available-for-sale (1)
134,949 151,538 6,595 2,802 
(1) These amounts include the amortized cost basis of closed portfolios used to designate hedging relationships in which the hedged item is the last layer expected to be remaining at the end of the hedging relationship. At both September 30, 2020 and December 31, 2019, the amounts of the designated hedged items were $88.2 million.
Schedule Of Derivative Instruments Of Fixed Rate Receivables
The following tables present a summary of interest rate swap derivatives designated as fair value accounting hedges of fixed-rate receivables used in the Company’s asset/liability management activities at September 30, 2020 and December 31, 2019, identified by the underlying interest rate-sensitive instruments.

(dollars in thousands)

 
September 30, 2020
Notional ValueWeighted- Average Remaining Maturity (years)Weighted-Average Ratio
Instruments Associated WithFair ValueReceivePay
Securities available-for-sale$88,200 3.4$(6,610)3-month LIBOR2.54 %
Total at September 30, 2020$88,200 3.4$(6,610)3-month LIBOR2.54 %

(dollars in thousands)


December 31, 2019
Notional ValueWeighted- Average Remaining Maturity (years)Weighted-Average Ratio
Instruments Associated WithFair ValueReceivePay
Loans$427,446 5.5$(21,551)3-month LIBOR2.86 %
Securities available-for-sale88,200 4.1(2,806)3-month LIBOR2.54 %
Total at December 31, 2019$515,646 5.3$(24,357)3-month LIBOR2.80 %
Schedule Of Derivative Instruments Of Variable Rate Liabilities
The following tables present a summary of interest rate swap derivatives designated as cash flow accounting hedges of variable-rate liabilities used in the Company’s asset/liability management activities at September 30, 2020 and December 31, 2019.

(dollars in thousands)

 
September 30, 2020
NotionalWeighted- Average Remaining MaturityWeighted-Average Ratio
Cash Flow HedgesValue(years)Fair ValueReceivePay
Interest rate swaps$110,000 6.3$(17,177)3-month LIBOR2.88 %
Interest rate swaps100,000 3.2(8,705)1-month LIBOR2.88 %

(dollars in thousands)


December 31, 2019
NotionalWeighted- Average Remaining MaturityWeighted-Average Ratio
Cash Flow HedgesValue(years)Fair ValueReceivePay
Interest rate swaps$110,000 7.1$(8,390)3-month LIBOR2.88 %
Interest rate swaps100,000 4.0(5,040)1-month LIBOR2.88 %
Schedule of Derivative Instruments in Statement of Financial Position, Fair Value
The following table presents the notional amount and fair value of interest rate swaps, IRLCs and forward contracts utilized by the Company at September 30, 2020 and December 31, 2019.
 September 30, 2020December 31, 2019
(in thousands)Notional
Amount		Fair
Value		Notional
Amount		Fair
Value
Asset Derivatives    
Derivatives not designated as hedging instruments    
IRLCs$114,546 $3,116 $56,256 $910 
Total contracts
$114,546 $3,116 $56,256 $910 
Liability Derivatives
Derivatives designated as hedging instruments
Interest rate swaps associated with loans$— $— $427,446 $(21,551)
Interest rate swaps associated with securities available-for-sale88,200 (6,610)88,200 (2,806)
Interest rate swaps associated with liabilities210,000 (25,882)210,000 (13,429)
Derivatives not designated as hedging instruments
Forward contracts118,000 (485)115,000 (153)
Total contracts
$416,200 $(32,977)$840,646 $(37,939)
Schedule of Cash Flow Hedges Included in Accumulated Other Comprehensive Income (Loss)
The following table presents the effects of the Company’s cash flow hedge relationships on the condensed consolidated statements of comprehensive income during the three and nine months ended September 30, 2020 and 2019.

 Amount of Gain (Loss )Recognized in Other Comprehensive Income (Loss) in The Three Months EndedAmount of Loss Recognized in Other Comprehensive Income (Loss) in The Nine Months Ended
(in thousands)September 30, 2020September 30, 2019September 30, 2020September 30, 2019
Interest rate swap agreements$1,514 $(3,225)$(12,453)$(12,689)
Schedule of Derivative Instruments in Statements of Income Fair Value
The following table summarizes the periodic changes in the fair value of derivatives not designated as hedging instruments on the condensed consolidated statements of income for the three and nine months ended September 30, 2020 and 2019.

 Amount of Gain / (Loss) Recognized in the Three Months EndedAmount of Gain / (Loss) Recognized in the Nine Months Ended
(in thousands)September 30, 2020September 30, 2019September 30, 2020September 30, 2019
Asset Derivatives    
Derivatives not designated as hedging instruments    
IRLCs$2,834 $275 $2,206 $1,095 
Liability Derivatives    
Derivatives not designated as hedging instruments   
Forward contracts$(468)$526 $(332)$337 
Schedule Of Effects Of Interest Rate Swap Agreements On Statements Of Income
The following table presents the effects of the Company’s interest rate swap agreements on the condensed consolidated statements of income during the three and nine months ended September 30, 2020 and 2019.
(in thousands)

Line item in the condensed consolidated statements of income
Three Months EndedNine Months Ended
September 30, 2020September 30, 2019September 30, 2020September 30, 2019
Interest income
Loans$— $(521)$(2,445)$(785)
Securities - taxable(229)(42)(479)(59)
Securities - non-taxable(242)— (472)72 
Total interest income
(471)(563)(3,396)(772)
Interest expense    
Deposits685 161 1,585 355 
Other borrowed funds721 136 1,632 249 
Total interest expense
1,406 297 3,217 604 
Net interest income
$(1,877)$(860)$(6,613)$(1,376)