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Derivatives and Balance Sheet Offsetting (Tables)

6 Months Ended

Jun. 30, 2022

Derivative [Line Items]

Schedule of Derivative Instruments in Statement of Financial Position, Fair Value

The following table presents the fair value of derivatives, as well as their classification on the Consolidated Balance Sheet as of the dates presented:

			Asset Derivatives																								Liability Derivatives
			June 30, 2022												December 31, 2021												June 30, 2022												December 31, 2021
			Balance Sheet Location						Fair Value						Balance Sheet Location						Fair Value						Balance Sheet Location						Fair Value						Balance Sheet Location						Fair Value
			(in thousands)
Derivatives not designated as hedging instruments:
Interest rate lock commitments			Other assets						$	90					Other assets						$	356					Other liabilities						$	—					Other liabilities						$	—
Interest rate forward loan sales contracts			Other assets						$	—					Other assets						$	—					Other liabilities						$	20					Other liabilities						$	27
Interest rate swap contracts			Other assets						$	24,063					Other assets						$	24,257					Other liabilities						$	24,063					Other liabilities						$	24,257

Schedule of Cash Flow Hedges Included in Accumulated Other Comprehensive Income (Loss) [Table Text Block]

The table below presents the effect of cash flow hedge accounting on accumulated other comprehensive income (loss) for the periods indicated:

									Location of Gain or (Loss) Reclassified from Accumulated Other Comprehensive Income into Income						Amount of Gain or (Loss) Reclassified from Accumulated Other Comprehensive Income into Income
															Three Months Ended June 30,
																					2022						2021
															(in thousands)
Interest rate collar															Interest income						$	2,603					$	2,602
															Six Months Ended June 30,
																					2022						2021
															(in thousands)
Interest rate collar															Interest income						$	5,178					$	5,178

Derivative Instruments, Gain (Loss)

The following table summarizes the types of derivatives not designated as hedging instruments and the gains (losses) recorded during the periods indicated:

						Three Months Ended June 30,												Six Months Ended June 30,
						2022						2021						2022						2021
						(in thousands)
Interest rate lock commitments						$	53					$	(340)					$	(266)					$	(511)
Interest rate forward loan sales contracts						(333)						(527)						7						143
Interest rate swap contracts						—						(40)						—						72
Total derivative gains (losses)						$	(280)					$	(907)					$	(259)					$	(296)

Balance Sheet Offsetting [Table Text Block]

The following tables show the gross interest rate swap contracts, collar agreements and repurchase agreements in the Consolidated Balance Sheets and the respective collateral received or pledged in the form of cash or other financial instruments. The collateral amounts in these tables are limited to the outstanding balances of the related asset or liability. Therefore, instances of over-collateralization are not shown.

			Gross Amounts of Recognized Assets/Liabilities						Gross Amounts Offset in the Consolidated Balance Sheets						Net Amounts of Assets/Liabilities Presented in the Consolidated Balance Sheets						Gross Amounts Not Offset in the Consolidated Balance Sheets
																					Collateral Pledged/Received						Net Amount
June 30, 2022			(in thousands)
Assets
Interest rate swap contracts			$	24,063					$	—					$	24,063					$	(24,063)					$	—
Liabilities
Interest rate swap contracts			$	24,063					$	—					$	24,063					$	(180)					$	23,883
Repurchase agreements			$	70,349					$	—					$	70,349					$	(70,349)					$	—
December 31, 2021
Assets
Interest rate swap contracts			$	24,257					$	—					$	24,257					$	(450)					$	23,807
Liabilities
Interest rate swap contracts			$	24,257					$	—					$	24,257					$	(20,747)					$	3,510
Repurchase agreements			$	86,013					$	—					$	86,013					$	(86,013)					$	—

Available-for-sale Securities [Member]

Derivative [Line Items]

Carrying Value of Securities Pledged As Collateral

The following table presents the class of collateral pledged for repurchase agreements as well as the remaining contractual maturity of the repurchase agreements:

						Remaining contractual maturity of the agreements
						Overnight and continuous						Up to 30 days						30 - 90 days						Greater than 90 days						Total
June 30, 2022						(in thousands)
Class of collateral pledged for repurchase agreements
U.S. government agency and government-sponsored enterprise mortgage-backed securities and collateralized mortgage obligations						$	70,349					$	—					$	—					$	—					$	70,349
Gross amount of recognized liabilities for repurchase agreements																														70,349
Amounts related to agreements not included in offsetting disclosure																														$	—

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