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Derivative Financial Instruments (Tables) | 6 Months Ended
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Jun. 30, 2023
Derivative Instruments and Hedging Activities Disclosure [Abstract] |
Schedule of Derivative Instruments, Fair Value | The tables below present the fair value of the Company’s derivative financial instruments at June 30, 2023 and December 31, 2022. The Company’s derivative assets and derivative liabilities are located within “Other assets” and “Other liabilities”, respectively, on the Company’s Consolidated Statements of Financial Condition.
| June 30, 2023
| Notional Amount |  | Fair Value(1)
|  | Other Assets |  | Other Liabilities
| (Dollars in thousands)
Derivatives designated as cash flow hedges |  |  |  |  |
Interest rate swaps | $ | 925,000 |  |  | $ | — |  |  | $ | — |
Forward interest rate collars | 500,000 |  |  | — |  |  | 4,812 |
Total | $ | 1,425,000 |  |  | $ | — |  |  | $ | 4,812 |
Derivatives not designated as hedges |  |  |  |  |
Interest rate contracts with correspondent banks | $ | 1,589,746 |  |  | $ | 70,165 |  |  | $ | 351 |
Interest rate contracts with customers | 1,263,725 |  |  | 351 |  |  | 72,489 |
Foreign exchange contracts with correspondent banks | 5,691 |  |  | 90 |  |  | 24 |
Foreign exchange contracts with customers | 5,691 |  |  | 30 |  |  | 81 |
Risk participation agreement | 132,117 |  |  | — |  |  | 28 |
Mortgage banking derivatives | 3,750 |  |  | 25 |  |  | 4 |
Total | $ | 3,000,720 |  |  | $ | 70,661 |  |  | $ | 72,977 |
__________________________________ (1) The fair values of centrally-cleared derivative contracts are presented net of settled-to-market margin.
| December 31, 2022
| Notional Amount |  | Fair Value
|  | Other Assets |  | Other Liabilities
| (Dollars in thousands)
Derivatives designated as cash flow hedges |  |  |  |  |
Interest rate swaps | $ | 614,000 |  |  | $ | 19,773 |  |  | $ | 1,227 |
Forward interest rate swaps | 111,000 |  |  | 5,428 |  |  | — |
Forward interest rate collars | 500,000 |  |  | 182 |  |  | 828 |
Total | $ | 1,225,000 |  |  | $ | 25,383 |  |  | $ | 2,055 |
Derivatives not designated as hedges |  |  |  |  |
Interest rate contracts with correspondent banks | $ | 1,013,407 |  |  | $ | 73,059 |  |  | $ | 330 |
Interest rate contracts with customers | 1,013,407 |  |  | 330 |  |  | 73,059 |
Foreign exchange contracts with correspondent banks | 2,359 |  |  | 79 |  |  | — |
Foreign exchange contracts with customers | 2,359 |  |  | — |  |  | 73 |
Risk participation agreement | 134,282 |  |  | — |  |  | 32 |
Mortgage banking derivatives | 2,801 |  |  | 29 |  |  | 23 |
Total | $ | 2,168,615 |  |  | $ | 73,497 |  |  | $ | 73,517 |

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- Definition 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 -Name Accounting Standards Codification -Topic 815 -SubTopic 10 -Section 50 -Paragraph 4B -Publisher FASB -URI https://asc.fasb.org//1943274/2147480434/815-10-50-4B + Details
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