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Derivative Financial Instruments (Tables)

12 Months Ended

Dec. 31, 2022

Derivative Instruments and Hedging Activities Disclosure [Abstract]

Schedule of Pre-Tax Impact of Terminated Cash Flow Hedge on AOCI

The following table presents the pre-tax impact of the terminated cash flow hedge on AOCI:

			Year Ended
(Dollars in thousands)			December 31, 2022
Unrealized gains on terminated hedges
Beginning Balance			$	—
Unrealized gains arising during the period			9,316
Reclassification adjustments for amortization of unrealized (gains) into net income			(9,316)
Ending Balance			$	—

Schedule of Fair Value of Derivative Financial Instruments Classification on Balance Sheet

The table below presents the fair value of the Company’s derivative financial instruments as well as their classification on the Balance Sheet as of December 31, 2021.

Derivative Assets

As of December 31, 2021

(Dollars in thousands)

Notional Amount

Balance Sheet Location

Fair Value Total

Derivatives designated as hedging instruments:

Interest rate swaps

$

200,000

Other Assets

$

6,164

Schedule of Fair Value and Cash Flow Hedge Accounting on AOCI

The table below presents the effect of fair value and cash flow hedge accounting on Accumulated Other Comprehensive Income, net of tax:

						Amount of Gain or (Loss) Recognized in OCI on Derivative						Amount of Gain or (Loss) Recognized in OCI Included Component						Location of Gain or (Loss) Recognized from AOCI into Income						Amount of Gain or (Loss) Reclassified from AOCI into Income						Amount of Gain or (Loss) Reclassified from AOCI into Income Included Component
(Dollars in thousands)
Year Ended December 31, 2022
Derivatives in cash flow hedging relationships:
Interest rate swaps						$	2,398					$	2,398					Interest Expense, Noninterest Income						$	7,103					$	7,103
Year Ended December 31, 2021
Derivatives in cash flow hedging relationships:
Interest rate swaps						$	3,995					$	3,995					Interest Expense						$	(71)					$	(71)
Year Ended December 31, 2020
Derivatives in cash flow hedging relationships:
Interest rate swaps						$	597					$	597					Interest Expense						$	(26)					$	(26)

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Tabular disclosure of the components of accumulated other comprehensive income (loss).

+ References

Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 830
-SubTopic 30
-Section 50
-Paragraph 1
-URI https://asc.fasb.org/extlink&oid=6450520&loc=d3e32583-110901

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-Publisher FASB
-Name Accounting Standards Codification
-Topic 220
-SubTopic 10
-Section 45
-Paragraph 14A
-URI https://asc.fasb.org/extlink&oid=126968391&loc=SL7669686-108580

Reference 3: http://www.xbrl.org/2009/role/commonPracticeRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 830
-SubTopic 30
-Section 45
-Paragraph 20
-URI https://asc.fasb.org/extlink&oid=118261656&loc=d3e32211-110900

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Tabular disclosure of the location and fair value amounts of derivative instruments (and nonderivative instruments that are designated and qualify as hedging instruments) reported in the statement of financial position.

+ References

Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 815
-SubTopic 10
-Section 50
-Paragraph 4B
-URI https://asc.fasb.org/extlink&oid=125515794&loc=SL5624163-113959

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Tabular disclosure of the effective portion of gains and losses on derivative instruments (and nonderivative instruments) designated and qualifying in net investment hedges recorded in accumulated other comprehensive income (loss) during the term of the hedging relationship and reclassified into earnings during the current period.

+ References

Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 815
-SubTopic 10
-Section 50
-Paragraph 4CCC
-URI https://asc.fasb.org/extlink&oid=125515794&loc=SL109998896-113959

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