Derivative Financial Instruments (Tables)

12 Months Ended

Dec. 31, 2019

Summary of the interest-rate swaps designated as cash flow hedges

A summary of the interest-rate swaps designated as cash flow hedges is presented below (dollars in thousands):

	December 31, 2019			December 31, 2018
Notional amount	$	70,000		$	—
Weighted average fixed pay rates		1.80	%		—	%
Weighted average variable 3 month LIBOR receive rates		1.90	%		—	%
Weighted average maturity		3.86	yrs		—	yrs
Unrealized gains (losses)	$	(200)		$	—

Interest rate swap

Summary of fair values of derivative assets and liabilities recorded in consolidated balance sheet

The fair values of derivative assets and liabilities related to derivatives for customers for interest rate swaps recorded in the Consolidated Balance Sheets are summarized as follows (dollars in thousands):

		December 31, 2019		December 31, 2018
Fair value recorded in other assets	$	12,354	$	1,438
Fair value recorded in other liabilities		12,354		1,438

Summary of gross gains and losses on derivative assets and liabilities recorded in non-interest income and expense in consolidated statements of income

The gross gains and losses on these derivative assets and liabilities recorded in non-interest income and expense in the Consolidated Statements of Income for the year ended December 31, 2019, 2018 and 2017 are summarized as follows (dollars in thousands):

	December 31, 2019		December 31, 2018		December 31, 2017
Gross gains	$	10,915	$	1,176	$	262
Gross losses		(10,915)		(1,176)		(262)
Net gains (losses)	$	—	$	—	$	—

Interest rate contract

Summary of gross gains and losses on derivative assets and liabilities recorded in non-interest income and expense in consolidated statements of income

The following table presents the net gains (losses) recorded in accumulated other comprehensive income and the Consolidated Statements of Income relating to cash flow derivative instruments for the periods presented (dollars in thousands):

	Year Ended December 31, 2019
		Amount of (gain) loss recognized in OCI		Amount of (gain) loss reclassified from OCI to interest expense
Interest rate contracts	$	(202)	$	2

Interest rate lock commitments and forward sales commitments

Summary of fair values of derivative assets and liabilities recorded in consolidated balance sheet

The fair values of derivative assets and liabilities related to interest rate lock commitments and forward sales commitments recorded in the Consolidated Balance Sheets are summarized as follows (dollars in thousands):

	December 31, 2019		December 31, 2018
Fair value recorded in other assets	$	1,046	$	624
Fair value recorded in other liabilities		2,187		1,205

Summary of gross gains and losses on derivative assets and liabilities recorded in non-interest income and expense in consolidated statements of income

The gross gains and losses on these derivative assets and liabilities related to interest rate lock commitments and forward sales commitments recorded in non-interest income and expense in the Consolidated Statements of Income for the 12 months ended December 31, 2019, 2018 and 2017 are summarized as follows (dollars in thousands):

	December 31, 2019		December 31, 2018		December 31, 2017
Gross gains	$	7,003	$	3,494	$	14,724
Gross (losses)		(6,960)		(3,874)		(13,250)
Net gains (losses)	$	43	$	(380)	$	1,474