Derivatives and hedging activities

Schedule of fair value of derivative financial instruments and balance sheet classification



Fair Values of Derivative Instruments
		Derivative Assets								Derivative Liabilities

		As of June 30, 2023				As of December 31, 2022 (1)				As of June 30, 2023				As of December 31, 2022
(Dollars in thousands)		Notional Amount	Balance Sheet Location		Fair Value	Balance Sheet Location		Fair Value		Notional Amount	Balance Sheet Location		Fair Value	Balance Sheet Location		Fair Value
Derivatives designated as hedging instruments
Interest Rate Products	$	75,000	Other Assets	$	296	Other Assets	$	1	$	50,000	Other Liabilities	$	225	Other Liabilities	$
Total derivatives designated as hedging instruments				$	296		$	1				$	225		$

Derivatives not designated as hedging instruments
Interest Rate Products	$	206,240	Other Assets	$	22,065	Other Assets	$	22,195	$	206,240	Other Liabilities	$	21,472	Other Liabilities	$	21,466
Other Contracts		1,511	Other Assets			Other Assets				7,511	Other Liabilities		2	Other Liabilities
Total derivatives not designated as hedging instruments				$	22,065		$	22,195				$	21,474		$	21,466

(1)	Notional amount of interest rate floor at December 31, 2022 was $25.0 million. Notional asset amount of interest rate swaps at December 31, 2022 was $187.3 million and $1.5 million for risk participation agreements.

Schedule of effect of derivative financial instruments on Income Statement


	Location and Amount of Gain or (Loss)
	Recognized in Income on Fair Value and
	Cash Flow Hedging Relationships
	For the three months ended June 30,
		2023		2022
(Dollars in thousands)		Interest Income		Interest Income

Total amounts of income and expense line items presented in the statements of income and comprehensive
income (loss) in which the effects of fair value or cash flow hedges are recorded.	$	115	$	93

The effects of fair value and cash flow hedging:
Gain or (loss) on fair value hedging relationships
Interest contracts
Hedged items		(2,034)
Derivatives designated as hedging instruments		2,165
Gain or (loss) on cash flow hedging relationships
Interest contracts
Amount of gain or (loss) reclassified from accumulated other comprehensive income into income		(16)		93
Amount of Gain or (Loss) Reclassified from Accumulated OCI into Income - Included Component				109
Amount of Gain or (Loss) Reclassified from Accumulated OCI into Income - Excluded Component	$	(16)	$	(16)



	Location and Amount of Gain or (Loss)
	Recognized in Income on Fair Value and
	Cash Flow Hedging Relationships
	For the six months ended June 30,
		2023		2022
(Dollars in thousands)		Interest Income		Interest Income

Total amounts of income and expense line items presented in the statements of income and comprehensive
income (loss) in which the effects of fair value or cash flow hedges are recorded.	$	130	$	224

The effects of fair value and cash flow hedging:
Gain or (loss) on fair value hedging relationships
Interest contracts
Hedged items		(48)
Derivatives designated as hedging instruments		210
Gain or (loss) on cash flow hedging relationships
Interest contracts
Amount of gain or (loss) reclassified from accumulated other comprehensive income into income		(32)		224
Amount of Gain or (Loss) Reclassified from Accumulated OCI into Income - Included Component				256
Amount of Gain or (Loss) Reclassified from Accumulated OCI into Income - Excluded Component	$	(32)	$	(32)

Schedule of offsetting derivatives

Offsetting of Derivative Assets

as of June 30, 2023

Gross Amounts Not Offset in the Balance Sheet

Gross

Net Amounts

Amounts of

Gross Amounts

of Assets

Recognized

Offset in the

presented in the

Financial

Cash Collateral

Net

(Dollars in thousands)

Assets

Balance Sheet

Instruments

Posted

Amount

Derivatives

$

22,361

$

22,361

$

19,530

$

2,831

Offsetting of Derivative Liabilities

as of June 30, 2023

Gross Amounts Not Offset in the Balance Sheet

Gross

Net Amounts

Amounts of

Gross Amounts

of Liabilities

Recognized

Offset in the

presented in the

Financial

Cash Collateral

Net

(Dollars in thousands)

Liabilities

Balance Sheet

Instruments

Posted*

Amount

Derivatives

$

21,698

$

21,698

$

21,698

$

*Cash collateral of $710 was paid in June 2023, but not presented in the table above.

Offsetting of Derivative Assets

as of December 31, 2022

Gross Amounts Not Offset in the Balance Sheet

Gross

Net Amounts

Amounts of

Gross Amounts

of Assets

Recognized

Offset in the

presented in the

Financial

Cash Collateral

Net

(Dollars in thousands)

Assets

Balance Sheet

Instruments

Posted

Amount

Derivatives

$

22,196

$

22,196

$

14,530

$

7,666

Offsetting of Derivative Liabilities

as of December 31, 2022

Gross Amounts Not Offset in the Balance Sheet

Gross

Net Amounts

Amounts of

Gross Amounts

of Liabilities

Recognized

Offset in the

presented in the

Financial

Cash Collateral

Net

(Dollars in thousands)

Liabilities

Balance Sheet

Instruments

Posted

Amount

Derivatives

$

21,466

$

21,466

$

21,466

$