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Derivative Financial Instruments (Tables) | 12 Months Ended
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Dec. 31, 2022
Derivative Instruments and Hedging Activities Disclosure [Abstract] |
Summary of Fair Value of Derivative Financial Instruments and Classification on the Balance Sheet | The following table summarizes the Corporation's derivatives designated as hedges:
| Asset Derivatives |  | Liability Derivatives
| December 31, 2022 |  | December 31, 2021 |  | December 31, 2022 |  | December 31, 2021
| Balance Sheet Location |  | Fair Value |  | Balance Sheet Location |  | Fair Value |  | Balance Sheet Location |  | Fair Value |  | Balance Sheet Location |  | Fair Value
Cash flow hedges: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Interest rate swaps on borrowings | Other Assets |  | $ | 164 |  |  | Other Assets |  | $ | — |  |  | Other Liabilities |  | $ | — |  |  | Other Liabilities |  | $ | 835 |
The table below presents the fair value of the Corporation’s non-designated hedges, as well as their classification on the Balance Sheet, as of December 31, 2022, and December 31, 2021.
| December 31, 2022 |  | December 31, 2021
| Notional Amount |  | Fair Value |  | Notional Amount |  | Fair Value
Included in other assets: |  |  |  |  |  |  |
Interest rate swaps | $ | 1,184,866 |  |  | $ | 92,652 |  |  | $ | 1,038,947 |  |  | $ | 41,133 |
Forward contracts related to mortgage loans to be delivered for sale | 14,406 |  | 188 |  | — |  | —
Interest rate lock commitments | 5,049 |  | 32 |  | — |  | —
Included in other assets | $ | 1,204,321 |  |  | $ | 92,872 |  |  | $ | 1,038,947 |  |  | $ | 41,133 |
Included in other liabilities: |  |  |  |  |  |  |
Interest rate swaps | $ | 1,184,866 |  |  | $ | 92,652 |  |  | $ | 1,038,947 |  |  | $ | 41,133 |
Forward contracts related to mortgage loans to be delivered for sale | 4,483 |  | 63 |  | — |  | —
Interest rate lock commitments | 7,549 |  | 55 |  | — |  | —
Included in other liabilities | $ | 1,196,898 |  |  | $ | 92,770 |  |  | $ | 1,038,947 |  |  | $ | 41,133 |
Summary of Amount of Loss Recognized in Other Comprehensive Income | The amount of gain (loss) recognized in other comprehensive income is included in the table below for the periods indicated.
Derivatives in Cash Flow Hedging Relationships | Amount of Gain (Loss) Recognized in Other Comprehensive Income on Derivative (Effective Portion) For the Year Ended December 31,
2022 |  | 2021
Interest rate products | $ | 479 |  |  | $ | 138 |
Summary of Effect of Derivative Financial Instruments on the Income Statement | The amount of loss reclassified from other comprehensive income into income related to cash flow hedging relationships is included in the table below for the years ended December 31, 2022, 2021 and 2020.
Derivatives Designated as Hedging Instruments under FASB ASC 815-10 | Location of Gain (Loss) Reclassified from Accumulated Other Comprehensive Income (Effective Portion) | Amount of Gain (Loss) Reclassified from Other Comprehensive Income into Income (Effective Portion)
2022 |  | 2021 |  | 2020
Interest rate contracts | Interest expense | $ | (521) |  |  | $ | (1,044) |  |  | $ | (906) |
The amount of gain (loss) recognized into income related to non-designated hedging instruments is included in the table below for the periods indicated.
Derivatives Not Designated as Hedging Instruments under FASB ASC 815-10 |  | Location of Gain Recognized in Income on Derivative | Amount of Gain Recognized in Income on Derivative
| 2022 |  | 2021 |  | 2020
Forward contracts related to mortgage loans to be delivered for sale |  | Net gains and fees on sales of loans | $ | 1,112 |  |  | $ | — |  |  | $ | — |
Interest rate lock commitments |  | Net gains and fees on sales of loans | 71 |  |  | — |  |  | — |
Total net gain recognized in income |  |  | $ | 1,183 |  |  | $ | — |  |  | $ | — |

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