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Derivative Instruments and Hedging Activities (Tables)
6 Months Ended
Jun. 30, 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)June 30, 2021December 31, 2020June 30, 2021December 31, 2020
Derivatives not Designated as Hedging Instruments:
Interest Rate Swap Contracts - Commercial Loans
Fair value$49,078 $78,319 $49,477 $79,033 
Notional amount1,003,946 983,638 1,003,946 983,638 
Collateral posted— — 45,700 77,930 
Interest Rate Lock Commitments - Mortgage Loans
Fair value1,137 2,900 — — 
Notional amount26,238 51,053 — — 
Forward Sale Contracts - Mortgage Loans
Fair value— — 91 385 
Notional amount$— $— $23,245 $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)June 30, 2021December 31, 2020June 30, 2021December 31, 2020
Derivatives not Designated as Hedging Instruments:
Gross amounts recognized$50,158 $82,655 $50,934 $82,626 
Gross amounts offset(1,080)(4,336)(1,457)(3,593)
Net Amounts Presented in the Consolidated Balance Sheets49,078 78,319 49,477 79,033 
Gross amounts not offset(1)
— — (45,700)(77,930)
Net Amount$49,078 $78,319 $3,777 $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)June 30, 2021December 31, 2020June 30, 2021December 31, 2020
Derivatives not Designated as Hedging Instruments:
Gross amounts recognized$50,158 $82,655 $50,934 $82,626 
Gross amounts offset(1,080)(4,336)(1,457)(3,593)
Net Amounts Presented in the Consolidated Balance Sheets49,078 78,319 49,477 79,033 
Gross amounts not offset(1)
— — (45,700)(77,930)
Net Amount$49,078 $78,319 $3,777 $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 June 30,Six Months Ended June 30,
(dollars in thousands)2021202020212020
Derivatives not Designated as Hedging Instruments
Interest rate swap contracts—commercial loans$$(62)$315 $52 
Interest rate lock commitments—mortgage loans(883)186 (2,642)2,792 
Forward sale contracts—mortgage loans194 698 1,173 (595)
Total Derivatives (Loss)/Gain$(684)$822 $(1,154)$2,249