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Derivatives (Tables) | 3 Months Ended
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Mar. 31, 2023
Derivatives |
Schedule of Derivative Instruments in Statement of Financial Position, Fair Value | ​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
​ | ​ | ​ | ​ | Asset derivatives fair value | ​ | ​ | ​ | Liability derivatives fair value
​ | ​ | Balance Sheet | ​ | March 31, | ​ | December 31, | ​ | Balance Sheet | ​ | March 31, | ​ | December 31,
​ |  | location |  | 2023 |  | 2022 |  | Location |  | 2023 |  | 2022
Derivatives designated as hedging instruments: | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Interest rate products |  | Other assets | ​ | $ | 27,711 | ​ | $ | 34,164 |  | Other liabilities | ​ | $ | 2,142 | ​ | $ | 1,929
Total derivatives designated as hedging instruments | ​ | ​ | ​ | $ | 27,711 | ​ | $ | 34,164 | ​ | ​ | ​ | $ | 2,142 | ​ | $ | 1,929
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Derivatives not designated as hedging instruments: | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Interest rate products |  | Other assets | ​ | $ | 7,892 | ​ | $ | 10,657 |  | Other liabilities | ​ | $ | 7,900 | ​ | $ | 10,660
Interest rate lock commitments | ​ | Other assets | ​ | ​ | 674 | ​ | ​ | 197 | ​ | Other liabilities | ​ | ​ | 48 | ​ | ​ | 174
Forward contracts | ​ | Other assets | ​ | ​ | 33 | ​ | ​ | 210 | ​ | Other liabilities | ​ | ​ | 270 | ​ | ​ | 104
Total derivatives not designated as hedging instruments | ​ | ​ | ​ | $ | 8,599 | ​ | $ | 11,064 | ​ | ​ | ​ | $ | 8,218 | ​ | $ | 10,938
​
Derivative Instruments, Gain (Loss) | ​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
​ | ​ | Location of gain (loss) | ​ | Amount of (loss) gain recognized in income on derivatives
Derivatives in fair value | ​ | recognized in income on | ​ | For the three months ended March 31,
hedging relationships |  | derivatives |  | 2023 |  | 2022
Interest rate products |  | Interest and fees on loans | ​ | $ | (5,491) | ​ | $ | 18,596
​ ​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
​ | ​ | Location of gain (loss) | ​ | Amount of gain (loss) recognized in income on hedged items
​ | ​ | recognized in income on | ​ | For the three months ended March 31,
Hedged items |  | hedged items |  | 2023 |  | 2022
Interest rate products |  | Interest and fees on loans | ​ | $ | 7,310 |  | $ | (20,220)
​ ​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
​ | ​ | Location of gain (loss) | ​ | Amount of (loss) gain recognized in income on derivatives
Derivatives not designated | ​ | recognized in income on | ​ | For the three months ended March 31,
as hedging instruments |  | derivatives |  | 2023 |  | 2022
Interest rate products |  | Other non-interest expense |  | $ | (6) |  | $ | 5
Interest rate lock commitments | ​ | Mortgage banking income | ​ | ​ | 640 | ​ | ​ | (1,086)
Forward contracts | ​ | Mortgage banking income | ​ | ​ | (344) | ​ | ​ | 2,711
Total | ​ | ​ |  | $ | 290 |  | $ | 1,630
​
Summary of effect of fair value cash flow hedge accounting on accumulated other comprehensive income | The table below presents the effect of fair value cash flow hedge accounting on AOCI as of the dates presented. The Company did not utilize cash flow hedges until the third quarter of 2022. ​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
​ | ​ | For the three months ended March 31, 2023
​ | ​ | ​ | Gain recognized in OCI on derivative | ​ | ​ | Gain recognized in OCI included component | ​ | ​ | Gain recognized in OCI excluded component | ​ | Location of Loss recognized from AOCI into income | ​ | ​ | Loss reclassified from AOCI into income | ​ | ​ | Loss reclassified from AOCI into income included component | ​ | ​ | Loss reclassified from AOCI into income excluded component
Derivatives in cash flow hedging relationships: | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Interest rate products |  | $ | 616 | ​ | $ | 399 | ​ | $ | 217 |  | Interest income | ​ | $ | (262) | ​ | $ | (162) | ​ | $ | (100)
​

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