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Derivative Instruments and Hedging Activities (Tables) | 6 Months Ended
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Jun. 30, 2022
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 for the dates presented:
| Derivative Assets (Included in Other Assets) |  | Derivative Liabilities (Included in Other Liabilities) |  |
| June 30, 2022 |  | December 31, 2021 |  | June 30, 2022 |  | December 31, 2021 |  |
(dollars in thousands) | Notional Amount | Fair Value |  | Notional Amount | Fair Value |  | Notional Amount | Fair Value |  | Notional Amount | Fair Value |  |
Derivatives Designated as Hedging Instruments |  |  |  |  |  |  |  |  |  |  |  |  |
Interest rate swap contracts - cash flow hedge (1) | $ | 50,000 |  | $ | 368 |  |  |  | $ | — |  |  | $ | 250,000 |  | $ | 5,946 |  |  |  | $ | — |  |  |
Total Derivatives Designated as Hedging Instruments |  | $ | 368 |  |  |  | $ | — |  |  |  | $ | 5,946 |  |  |  | $ | — |  |  |
Derivatives Not Designated as Hedging Instruments |  |  |  |  |  |  |  |  |  |  |  |  |
Interest rate swap contracts - commercial loans | $ | 1,039,932 |  | $ | 51,097 |  |  | $ | 1,017,178 |  | $ | 33,528 |  |  | $ | 1,039,932 |  | $ | 51,193 |  |  | $ | 1,017,178 |  | $ | 33,361 |  |  |
Interest rate lock commitments - mortgage loans | 2,062 |  | 56 |  |  | 12,148 |  | 401 |  |  | — |  | — |  |  | — |  | — |  |  |
Forward sales contracts - mortgage loans | — |  | — |  |  | 8,436 |  | 4 |  |  | 645 |  | 2 |  |  | — |  | — |  |  |
Total Derivatives Not Designated as Hedging Instruments |  | $ | 51,153 |  |  |  | $ | 33,933 |  |  |  | $ | 51,195 |  |  |  | $ | 33,361 |  |  |
Total Derivatives |  | $ | 51,521 |  |  |  | $ | 33,933 |  |  |  | $ | 57,141 |  |  |  | $ | 33,631 |  |  |
(1) Derivative assets and derivative liabilities include interest receivable of $0.6 million and $0.2 million as of June 30,2022. |  |
Schedule of Interest Rate Derivatives | The following table indicates the gross amounts of interest rate swap derivative assets and derivative liabilities, the amounts offset and the carrying values in the Consolidated Balance Sheets at the dates presented:
| Derivatives (included in Other Assets) |  | Derivatives (included in Other Liabilities)
(dollars in thousands) | June 30, 2022 |  | December 31, 2021 |  | June 30, 2022 |  | December 31, 2021
Gross amounts recognized | $ | 52,493 |  |  | $ | 37,289 |  |  | $ | 58,192 |  |  | $ | 37,392 |
Gross amounts offset | (1,028) |  |  | (3,761) |  |  | (1,053) |  |  | (3,761) |
Net amounts presented in the Consolidated Balance Sheets | 51,465 |  |  | 33,528 |  |  | 57,139 |  |  | 33,631 |
Cash collateral received/pledged(1) | (43,543) |  |  | — |  |  | — |  |  | (33,631) |
Net Amount | $ | 7,922 |  |  | $ | 33,528 |  |  | $ | 57,139 |  |  | $ | — |
(1) Cash collateral represents the amount that cannot be used to offset our derivative assets and liabilities from a gross basis to a net basis in accordance with the applicable accounting guidance. The application of the cash collateral cannot reduce the net derivative position below zero. Therefore, excess cash collateral, if any, is not reflected above.
Schedule of Effect of Cash Flow Hedges | The following table presents the effect of the cash flow hedges on OCI and on the Condensed Consolidated Statements of Comprehensive Income (Loss) for the three month periods presented:
| Amount of Gain or (Loss) Recognized in Other Comprehensive Income |  | Amount of Gain or (Loss) Reclassified from Accumulated Other Comprehensive Income into Interest Income
(dollars in thousands) | June 30, 2022 |  | June 30, 2021 |  | June 30, 2022 |  | June 30, 2021
Derivatives in Cash Flow Hedging Relationships: |  |  |  |  |  |  |  |  |  |  |
Interest rate swap contracts - cash flow hedge |  | $ | (3,271) |  |  |  | $ | — |  |  |  | $ | 786 |  |  |  | $ | — |
Total |  | $ | (3,271) |  |  |  | $ | — |  |  |  | $ | 786 |  |  |  | $ | — |
The following table presents the effect of the cash flow hedges on OCI and on the Condensed Consolidated Statements of Comprehensive Income (Loss) for the six month periods presented:
| Amount of Gain or (Loss) Recognized in Other Comprehensive Income |  | Amount of Gain or (Loss) Reclassified from Accumulated Other Comprehensive Income into Interest Income
(dollars in thousands) | June 30, 2022 |  | June 30, 2021 |  | June 30, 2022 |  | June 30, 2021
Derivatives in Cash Flow Hedging Relationships: |  |  |  |  |  |  |  |  |  |  |
Interest rate swap contracts - cash flow hedge |  | $ | (5,872) |  |  |  | $ | — |  |  |  | $ | 922 |  |  |  | $ | — |
Total |  | $ | (5,872) |  |  |  | $ | — |  |  |  | $ | 922 |  |  |  | $ | — |
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 not designated as hedging instruments for the periods presented:
| Three months ended June 30, |  | Six months ended June 30,
(dollars in thousands) | 2022 |  | 2021 |  | 2022 |  | 2021
Derivatives not Designated as Hedging Instruments |  |  |  |  |  |  |  |  |  |  |
Interest rate swap contracts—commercial loans |  | $ | (61) |  |  |  | $ | 5 |  |  |  | $ | 7 |  |  |  | $ | 315 |
Interest rate lock commitments—mortgage loans |  | (129) |  |  |  | (883) |  |  |  | (346) |  |  |  | (2,642) |
Forward sale contracts—mortgage loans |  | (194) |  |  |  | 194 |  |  |  | (5) |  |  |  | 1,173 |
Total Derivatives (Loss) Gain |  | $ | (384) |  |  |  | $ | (684) |  |  |  | $ | (344) |  |  |  | $ | (1,154) |

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