XML 68 R58.htm IDEA: XBRL DOCUMENT v3.24.1.u1
Derivative Financial Instruments and Hedging Activities - Schedule Of Derivative Instruments (Details) - USD ($)
Mar. 31, 2024
Dec. 31, 2023
Asset Derivative    
Gross derivatives $ 68,278,000 $ 56,639,000
Offsetting derivative assets (1,851,000) (7,435,000)
Cash collateral received/posted (65,360,000) (46,760,000)
Net derivatives included in the consolidated balance sheets [1] 1,067,000 2,444,000
Liability Derivative    
Gross derivatives 23,637,000 25,684,000
Offsetting derivative liabilities (1,851,000) (7,435,000)
Cash collateral received/posted 0 0
Net derivatives included in the consolidated balance sheets [1] 21,786,000 18,249,000
Cash Flow Hedging | Interest Rate Swap    
Derivatives, Fair Value [Line Items]    
Derivative, Notional Amount 940,000,000,000  
Financial Institution Counterparties    
Derivatives, Fair Value [Line Items]    
Credit exposure related to interest rate swaps 1,000,000 1,900,000
Financial Institution Counterparties | Derivatives designated as hedging instruments | Cash Flow Hedging | Interest Rate Swap    
Derivatives, Fair Value [Line Items]    
Derivative, Notional Amount [2] 940,000,000 1,010,000,000
Asset Derivative    
Gross derivatives 26,043,000 24,223,000
Liability Derivative    
Gross derivatives 1,824,000 6,910,000
Financial Institution Counterparties | Derivatives designated as hedging instruments | Fair Value Hedging | Interest Rate Swap    
Derivatives, Fair Value [Line Items]    
Derivative, Notional Amount [2] 453,440,000 453,440,000
Asset Derivative    
Gross derivatives 20,422,000 13,658,000
Liability Derivative    
Gross derivatives 0 16,000
Financial Institution Counterparties | Derivatives designated as non-hedging instruments | Interest Rate Swap    
Derivatives, Fair Value [Line Items]    
Derivative, Notional Amount [2] 245,874,000 248,073,000
Asset Derivative    
Gross derivatives 21,786,000 18,249,000
Liability Derivative    
Gross derivatives 27,000 509,000
Customer Counterparties    
Derivatives, Fair Value [Line Items]    
Credit exposure related to interest rate swaps 27,000 509,000
Customer Counterparties | Derivatives designated as non-hedging instruments | Interest Rate Swap    
Derivatives, Fair Value [Line Items]    
Derivative, Notional Amount [2] 245,874,000 248,073,000
Asset Derivative    
Gross derivatives 27,000 509,000
Liability Derivative    
Gross derivatives $ 21,786,000 $ 18,249,000
[1] Net derivative assets are included in other assets and net derivative liabilities are included in other liabilities on the consolidated balance sheets. Included in the fair value of net derivative assets and net derivative liabilities are credit valuation adjustments reflecting counterparty credit risk and our credit risk. At March 31, 2024, we had $1.0 million credit exposure related to interest rate swaps with financial institutions and $27,000 related to interest rate swaps with customers. At December 31, 2023, we had $1.9 million credit exposure related to interest rate swaps with financial institutions and $509,000 related to interest rate swaps with customers. The credit risk associated with customer transactions is partially mitigated as these are generally secured by the non-cash collateral securing the underlying transaction being hedged.
[2] Notional amounts, which represent the extent of involvement in the derivatives market, are used to determine the contractual cash flows required in accordance with the terms of the agreement. These amounts are typically not exchanged, significantly exceed amounts subject to credit or market risk and are not reflected in the consolidated balance sheets.