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Derivative Instruments and Hedging Activities
12 Months Ended
Dec. 31, 2020
Derivative Instruments and Hedging Activities Disclosure [Abstract]  
DERIVATIVE INSTRUMENTS AND HEDGING ACTIVITIES DERIVATIVE INSTRUMENTS AND HEDGING ACTIVITIES
The following table indicates the amounts representing the value of derivative assets and derivative liabilities at December 31:
Derivatives (included in
Other Assets)
Derivatives (included
in Other Liabilities)
(dollars in thousands)2020201920202019
Derivatives not Designated as Hedging Instruments
Interest Rate Swap Contracts—Commercial Loans
Fair value$78,319 $25,647 $79,033 $25,615 
Notional amount983,638 740,762 983,638 740,762 
Collateral posted— — 77,930 26,127 
Interest Rate Lock Commitments—Mortgage Loans
Fair value2,900 321 — — 
Notional amount51,053 9,829 — — 
Forward Sale Contracts—Mortgage Loans
Fair value— 385 — 
Notional amount— 12,750 47,062 — 
Presenting offsetting derivatives that are subject to legally enforceable netting arrangements with the same party is permitted. For example, we may have a derivative asset and a derivative liability with the same counterparty to a swap transaction and are permitted to offset the asset position and the liability position resulting in a net presentation.
The following table indicates the gross amounts of commercial loan swap derivative assets and derivative liabilities, the amounts offset and the carrying values in the Consolidated Balance Sheets at December 31:
Derivatives (included
in Other Assets)
Derivatives (included
in Other Liabilities)
(dollars in thousands)2020201920202019
Derivatives not Designated as Hedging Instruments
Gross amounts recognized$82,655 $26,146 $82,626 $26,114 
Gross amounts offset(4,336)(499)(3,593)(499)
Net amounts presented in the Consolidated Balance Sheets78,319 25,647 79,033 25,615 
Gross amounts not offset(1)
— — (77,930)(26,127)
Net Amount$78,319 $25,647 $1,103 $(512)
(1)Amounts represent collateral posted for the periods presented.
The following table indicates the gain or loss recognized in income on derivatives for the years ended December 31:
(dollars in thousands)202020192018
Derivatives not Designated as Hedging Instruments
Interest rate swap contracts—commercial loans$(746)$(132)$145 
Interest rate lock commitments—mortgage loans1,715 70 25 
Forward sale contracts—mortgage loans478 (54)60 
Total Derivative (Loss)/Gain$1,447 $(116)$230