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Other Derivatives (Tables)

12 Months Ended

Dec. 31, 2022

Derivative Instruments and Hedging Activities Disclosure [Abstract]

Schedule of balance sheet category and fair values of the derivative instruments

The table below identifies the balance sheet category and fair value of the Company’s designated cash flow hedge derivative instruments and non-designated hedges as of December 31, 2022 and December 31, 2021.

(dollars in thousands)			December 31, 2022															December 31, 2021
			Notional Amount						Fair Value						Balance Sheet Category						Notional Amount						Fair Value						Balance Sheet Category
Derivatives not designated as hedging instruments
Interest rate product			$	396,024					$	31,039					Other Assets						$	272,825					$	5,273					Other Assets
Mortgage banking derivatives			—						—						Other Assets						56,331						636						Other Assets
			$	396,024					$	31,039		31039000			Other Assets						$	329,156					$	5,909					Other Assets
Derivatives designated as hedging instruments
Interest rate product			—						$	—					Other Liabilities						$	—					$	—					Other Liabilities
Derivatives not designated as hedging instruments
Interest rate product			$	396,024					$	30,065					Other Liabilities						$	272,825					$	5,223					Other Liabilities
Other Contracts			25,902						2						Other Liabilities						26,417						47						Other Liabilities
Mortgage banking derivatives			—						—						Other Liabilities						—						—						Other Liabilities
			$	421,926					$	30,067					Other Liabilities						$	299,242					$	5,270					Other Liabilities
Net derivatives on the balance sheet									972																		639
Cash and other collateral(1)									—																		2,930
Net derivative Amounts									$	972																	$	(2,291)

(1) Collateral represents the amount that cannot be used to offset our derivative assets and liabilities from a gross basis to a net basis in accordance with the applicable accounting guidance. The other collateral consist of securities and is exchanged under bilateral collateral and master netting agreements that allow us to offset the net derivative position with the related collateral. The application of the collateral cannot reduce the net derivative position below zero. Therefore, excess other collateral, if any, is not reflected above.

Schedule of pretax net gains (losses) of designated cash flow hedges

The table below presents the pre-tax net gains (losses) of the Company’s designated cash flow hedges for the years ended December 31, 2022, 2021 and 2020.

The Effect of Cash Flow Hedge Accounting on Accumulated Other Comprehensive Income
						Amount of Gain or (Loss) Recognized in OCI on Derivative Year Ended December 31,																								Amount of Gain or (Loss) Reclassified from Accumulated OCI into Income Year Ended December 31,
Derivatives in ASC 815-20 Hedging Relationships (dollars in thousands)						2022						2021						2020												2022						2021						2020
Derivatives in cash flow hedging relationships
Interest rate products						$	—					$	—					$	(1,510)					Interest expense						$	—					$	(516)					$	(1,145)

Schedule of the effect of derivative financial instruments on the Consolidated Statements of Operations

The tables below present the effect of the Company’s derivative financial instruments on the Consolidated Statements of Income for the years ended December 31, 2022, 2021 and 2020.

The Effect of Fair Value and Cash Flow Hedge Accounting on the Consolidated Statements of Income
						Year Ended December 31,
						2022						2021						2020
						Interest Expense						Interest Expense						Interest Expense
Total amounts of income and expense line items presented in the Consolidated Statements of Income in which the effects of fair value or cash flow hedges are recorded						$	—					$	(516)					$	(1,145)
Gain or (loss) on cash flow hedging relationships in ASC 815-20
Interest contracts
Amount of gain or (loss) reclassified from accumulated other comprehensive income into income						$	—					$	(516)					$	(1,145)
Amount of gain or (loss) reclassified from accumulated other comprehensive income into income as a result that a forecasted transaction is no longer probable of occurring						$	—					$	—					$	—
Amount of Gain or (Loss) Reclassified from Accumulated OCI into Income - Included Component						$	—					$	(516)					$	(1,145)

Effect of Derivatives Not Designated as Hedging Instruments on the Statements of Income
Derivatives Not Designated as Hedging Instruments under ASC 815-20						Location of Gain or (Loss) Recognized in Income on Derivative						Amount of Gain or (Loss) Recognized in Income on Derivative
												Year Ended December 31,
												2022						2021						2020
Interest rate products						Other income / (expense)						$	3,057					$	2,797					$	153
Mortgage banking derivatives						Other income						671						636						5,213
Other contracts						Other income / (expense)						—						—						32
Total												$	3,728					$	3,433					$	5,398

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Tabular disclosure of gain (loss) on derivative and nonderivative instruments designated and qualifying as cash flow hedge recorded in accumulated other comprehensive income (AOCI) and reclassified into earnings.

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Tabular disclosure of the location and amount of derivative instruments and nonderivative instruments designated as hedging instruments reported before netting adjustments, and the amount of gain (loss) on derivative instruments and nonderivative instruments designated and qualified as hedging instruments.

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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.

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