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Derivative Instruments and Hedging Activities (Tables)
3 Months Ended
Mar. 31, 2021
Derivative Instruments and Hedging Activities Disclosure [Abstract]  
Schedule of Value of Derivative Assets and Derivative Liabilities The following table indicates the amounts representing the value of derivative assets and derivative liabilities as of the dates presented:
Derivatives
(included in Other Assets)
Derivatives
(included in Other Liabilities)
(dollars in thousands)March 31, 2021December 31, 2020March 31, 2021December 31, 2020
Derivatives not Designated as Hedging Instruments:
Interest Rate Swap Contracts - Commercial Loans
Fair value$40,415 $78,319 $40,818 $79,033 
Notional amount983,243 983,638 983,243 983,638 
Collateral posted— — 43,340 77,930 
Interest Rate Lock Commitments - Mortgage Loans
Fair value1,509 2,900 — — 
Notional amount44,519 51,053 — — 
Forward Sale Contracts - Mortgage Loans
Fair value226 — — 385 
Notional amount$36,835 $— $— $47,062 
Schedule of Offsetting Derivative Assets
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 as of the dates presented:
Derivatives
(included in Other Assets)
Derivatives
(included in Other Liabilities)
(dollars in thousands)March 31, 2021December 31, 2020March 31, 2021December 31, 2020
Derivatives not Designated as Hedging Instruments:
Gross amounts recognized$44,022 $82,655 $43,865 $82,626 
Gross amounts offset(3,607)(4,336)(3,047)(3,593)
Net Amounts Presented in the Consolidated Balance Sheets40,415 78,319 40,818 79,033 
Gross amounts not offset(1)
— — (43,340)(77,930)
Net Amount$40,415 $78,319 $(2,522)$1,103 
(1) Amounts represent collateral posted for the periods presented.
Schedule of Offsetting Derivative Liabilities
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 as of the dates presented:
Derivatives
(included in Other Assets)
Derivatives
(included in Other Liabilities)
(dollars in thousands)March 31, 2021December 31, 2020March 31, 2021December 31, 2020
Derivatives not Designated as Hedging Instruments:
Gross amounts recognized$44,022 $82,655 $43,865 $82,626 
Gross amounts offset(3,607)(4,336)(3,047)(3,593)
Net Amounts Presented in the Consolidated Balance Sheets40,415 78,319 40,818 79,033 
Gross amounts not offset(1)
— — (43,340)(77,930)
Net Amount$40,415 $78,319 $(2,522)$1,103 
(1) Amounts represent collateral posted for the periods presented.
Schedule of Amount of Gain or Loss Recognized in Income on Derivatives
The following table indicates the gain or loss recognized in income on derivatives for the periods presented:
Three Months Ended March 31,
(dollars in thousands)20212020
Derivatives not Designated as Hedging Instruments
Interest rate swap contracts—commercial loans$310 $114 
Interest rate lock commitments—mortgage loans(1,759)2,606 
Forward sale contracts—mortgage loans979 (1,293)
Total Derivatives (Loss)/Gain$(470)$1,427