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Derivatives Financial Instruments (Tables) | 3 Months Ended
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Mar. 31, 2023
Derivative [Line Items] |
Schedule of Hedge Relationships on Income Statement | The following table presents the effect of fair value and cash flow hedge accounting on the income statement (in thousands):
​ | ​ | ​ | ​ | ​ | ​ | ​
​ | ​ | Three Months Ended
​ | ​ | March 31,
​ |  | 2023 | ​ | 2022
Total interest income |  | $ | 53,184 | ​ | $ | —
Effects of cash flow hedge relationships | ​ |  | (6) | ​ |  | —
Reported total interest income | ​ | $ | 53,178 | ​ | $ | —
​
Schedule of interest rate swaps related to loan hedging program | At March 31, 2023 and December 31, 2022, interest rate swaps related to the Company’s loan hedging program that were outstanding are presented in the following table (in thousands): ​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
​ | ​ | March 31, 2023 | ​ | December 31, 2022
​ | ​ | ​ | Notional | ​ | ​ | Estimated | ​ | ​ | Notional | ​ | ​ | Estimated
​ | ​ | ​ | Amount | ​ | ​ | Fair Value | ​ | ​ | Amount | ​ | ​ | Fair Value
Interest rate swap agreements: | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Assets | ​ | $ | 233,181 | ​ | $ | 10,090 | ​ | $ | 216,656 | ​ | $ | 11,834
Liabilities | ​ | ​ | 233,181 | ​ | ​ | (10,090) | ​ | ​ | 216,656 | ​ | ​ | (11,834)
​
Schedule of interest rate swap to facilitate customer's transactions | The Company establishes limits and monitors exposures for customer swap positions. Any fees received to enter the swap agreements at inception are recognized in earnings when received and is included in noninterest income. Such fees were as follows (in thousands): ​
​ | ​ | ​ | ​ | ​ | ​ | ​
​ | ​ | Three Months Ended
​ | ​ | March 31,
​ |  | 2023 | ​ | 2022
Interest rate swap agreements |  | $ | 338 | ​ | $ | 520
​
Designated as Hedging Instrument [Member] | Fair Value Hedging [Member] |
Derivative [Line Items] |
Schedule of Hedge Relationships on Income Statement | ​
​ | ​ | ​ | ​
​ | ​ | Three Months Ended
​ | ​ | March 31,
​ |  | 2022
Interest income on tax-exempt securities |  | $ | 393
Effects of fair value hedge relationships | ​ |  | (254)
Reported interest income on tax-exempt securities | ​ | $ | 139
​
​ | ​ | ​ | ​
​ | ​ | Three Months Ended
​ | ​ | March 31,
Gain (loss) on fair value hedging relationship |  | 2022
Interest rate swap agreements – securities: |  | ​ |
Hedged items |  | $ | (1,218)
Derivative designated as hedging instruments | ​ | ​ | 1,218
Carry amount of hedged assets – securities available-for-sale | ​ | ​ | 40,125
Designated as Hedging Instrument [Member] | Cash Flow Hedging [Member] |
Derivative [Line Items] |
Schedule of Fair Value Hedge Relationships in Balance Sheet | At March 31, 2023 and December 31, 2022, cash flow hedges are as follows (in thousands): ​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
​ | ​ | ​ | ​ | March 31, 2023 | ​ | December 31, 2022
​ | ​ | Balance Sheet | ​ | Notional | ​ | Estimated | ​ | Notional | ​ | Estimated
​ | ​ | Location | ​ | Amount | ​ | Fair Value | ​ | Amount | ​ | Fair Value
Cash flow hedges: | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Assets | ​ | Other assets | ​ | $ | - | ​ | $ | - | ​ | $ | - | ​ | $ | -
Liabilities | ​ | Other liabilities | ​ | ​ | 100,000 | ​ | ​ | (586) | ​ | ​ | 100,000 | ​ | ​ | (1,304)
​
Schedule of Hedge Relationships on AOCI | The following table presents the effect of fair value and cash flow hedge accounting on AOCI (in thousands):
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Derivatives in cash flow hedging relationships: | ​ | ​ | Amount of Gain (Loss) Recognized on OCI on Derivative | ​ | ​ | Amount of Gain or (Loss) Recognized from OCI Included | ​ | 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
Three months ended March 31, 2023 | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Interest rate swaps | ​ | $ | (581) | ​ | $ | (581) |  | Interest income | ​ | $ | (6) | ​ | $ | (6)
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Three months ended March 31, 2022 | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Interest rate swaps | ​ | $ | — | ​ | $ | — |  | — | ​ | $ | — | ​ | $ | —
​

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