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Derivatives (Tables)

3 Months Ended

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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- References

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- Definition

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.

+ References

Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 815
-SubTopic 10
-Section 50
-Paragraph 4C
-Subparagraph (c)
-URI https://asc.fasb.org/extlink&oid=125515794&loc=SL5624171-113959

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- Definition

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.

+ References

Reference 1: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 815
-SubTopic 10
-Section 50
-Paragraph 4E
-URI https://asc.fasb.org/extlink&oid=125515794&loc=SL5624181-113959

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-Publisher FASB
-Name Accounting Standards Codification
-Topic 815
-SubTopic 10
-Section 50
-Paragraph 4A
-Subparagraph (b)
-URI https://asc.fasb.org/extlink&oid=125515794&loc=SL5618551-113959

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-Name Accounting Standards Codification
-Topic 815
-SubTopic 10
-Section 50
-Paragraph 4C
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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.

+ References

Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 815
-SubTopic 10
-Section 50
-Paragraph 4B
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