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Derivatives (Tables) | 3 Months Ended
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Mar. 31, 2023
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 derivative instruments as of March 31, 2023 and December 31, 2022. The Company has a minimum collateral posting threshold with its derivative counterparty. If the Company had breached any provisions under the agreement at March 31, 2023, it could have been required to settle its obligations under the agreement at the termination value.
|  | March 31, 2023 |  | December 31, 2022
(dollars in thousands) |  | Notional Amount |  | Fair Value |  | Balance Sheet Category |  | Notional Amount |  | Fair Value |  | Balance Sheet Category
Derivatives not designated as hedging instruments in an asset position |  |  |  |  |  |  |  |  |  |  |  |
Interest rate product |  | $ | 401,890 |  |  | $ | 25,844 |  |  | Other assets |  | $ | 396,024 |  |  | $ | 31,039 |  |  | Other assets
Mortgage banking derivatives |  | 2,188 |  |  | 29 |  |  | Other assets |  | 6,963 |  |  | 93 |  |  | Other assets
Total |  | $ | 404,078 |  |  | $ | 25,873 |  |  |  |  | $ | 402,987 |  |  | $ | 31,132 |  |  |
Derivatives not designated as hedging instruments in a liability position |  |  |  |  |  |  |  |  |  |  |  |
Interest rate product |  | $ | 401,890 |  |  | $ | 25,218 |  |  | Other liabilities |  | $ | 396,024 |  |  | $ | 30,065 |  |  | Other liabilities
Credit risk participation agreements |  | 25,770 |  |  | 3 |  |  | Other liabilities |  | 25,902 |  |  | 2 |  |  | Other liabilities
Total |  | $ | 427,660 |  |  | 25,221 |  |  |  |  | $ | 421,926 |  |  | 30,067 |  |  |
Cash and other collateral posted |  |  |  | — |  |  |  |  |  |  | — |  |  |
Net derivatives in a liability position |  |  |  | $ | 25,221 |  |  |  |  |  |  | $ | 30,067 |  |  |
Schedule of Pretax Net Gains (Losses) of Designated Cash Flow Hedges |
Schedule of the Effect of Derivative Financial Instruments on the Consolidated Statements of Operations | The table below presents the effect of the Company's derivative financial instruments on the consolidated statements of income for the three months ended March 31, 2023 and 2022:
The Effect of Derivatives Not Designated as Hedging Instruments in the Consolidated Statements of Income
|  |  |  | Amount of Gain (Loss) Recognized in Income on Derivatives
|  | Location of Gain (Loss) Recognized in Income on Derivatives |  | Three Months Ended March 31, |  |
(dollars in thousands) |  |  | 2023 |  | 2022 |  |  |  |
Interest rate products |  | Other income / (other expense) |  | $ | (350) |  |  | $ | 250 |  |  |  |  |
Mortgage banking derivatives |  | Gain on sale of loans |  | (64) |  |  | 209 |  |  |  |  |
Total |  |  |  | $ | (414) |  |  | $ | 459 |  |  |  |  |

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