XML 53 R42.htm IDEA: XBRL DOCUMENT v3.21.2
Derivative Instruments and Hedging Activities (Tables)
 6 Months Ended
Jun. 30, 2021
Derivative Instruments and Hedging Activities Disclosure [Abstract]  
Schedule of Derivative Instruments in Statement of Financial Position, Fair Value
The following table details the derivatives not designated as hedging instruments as of June 30, 2021 and December 31, 2020:
 Asset DerivativesLiability Derivatives
(dollars in thousands)Notional
Amount
Fair
Value(1)
Notional
Amount
Fair
Value(2)
Derivatives not designated as hedging instruments    
As of June 30, 2021:
Customer derivatives – interest rate swaps$1,188,491 $87,483 $1,188,491 $87,483 
FX forwards1,036 20 269 3 
RPAs sold— — 44,675 18 
RPAs purchased59,101 230 — — 
Total derivatives$1,248,628 $87,733 $1,233,435 $87,504 
As of December 31, 2020:
Customer derivatives – interest rate swaps$1,102,753 $113,848 $1,102,753 $113,848 
FX forwards9,146 52 9,856 70 
RPAs sold— — 33,111 30 
RPAs purchased55,415 342 — — 
Total derivatives$1,167,314 $114,242 $1,145,720 $113,948 
(1) Included within Other Assets on the Unaudited Consolidated Balance Sheet.
(2) Included within Other Liabilities on the Unaudited Consolidated Balance Sheet.
The following table details the derivatives designated as hedging instruments as of June 30, 2021. The Corporation did not have derivatives designated as hedging instruments as of December 31, 2020:
 Asset DerivativesLiability Derivatives
(dollars in thousands)Notional
Amount
Fair
Value(1)
Notional
Amount
Fair
Value(2)
Derivatives designated as hedging instruments    
As of June 30, 2021:
Interest rate swaps$100,000 $342 $50,000 $764 
(1) Included within Other Assets on the Unaudited Consolidated Balance Sheet.
(2) Included within Other Liabilities on the Unaudited Consolidated Balance Sheet.
The following table presents the effect of cash flow hedge accounting on accumulated other comprehensive income for the three months ended June 30, 2021:
(dollars in thousands)Amount of Gain (Loss) Recognized in OCI on DerivativeLocation of Gain (Loss) Reclassified from OCI into IncomeAmount of Gain (Loss) Reclassified from OCI into Income
Interest rate swaps$4,948 Interest Income$413 

The following table presents the effect of cash flow hedge accounting on accumulated other comprehensive income for the six months ended June 30, 2021:
(dollars in thousands)Amount of Gain (Loss) Recognized in OCI on DerivativeLocation of Gain (Loss) Reclassified from OCI into IncomeAmount of Gain (Loss) Reclassified from OCI into Income
Interest rate swaps$176 Interest Income$599 
Schedule of Interest Rate Derivatives
The following table summarizes information about the interest rate swaps designated as cash flow hedges as of June 30, 2021:
(dollars in thousands)
Notional Amount$150,000 
Weighted average fixed-receive rate1.19 %
Weighted average pay-float rate0.10 %
Weighted average maturity in years8.99