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 September 30, 2023				As of December 31, 2022 (1)				As of September 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	$	100,000	Other Assets	$	813	Other Assets	$	1	$		Other Liabilities	$		Other Liabilities	$
Total derivatives designated as hedging instruments				$	813		$	1				$			$

Derivatives not designated as hedging instruments
Interest Rate Products	$	223,901	Other Assets	$	26,740	Other Assets	$	22,195	$	223,901	Other Liabilities	$	25,953	Other Liabilities	$	21,466
Other Contracts		1,499	Other Assets			Other Assets				7,460	Other Liabilities			Other Liabilities
Total derivatives not designated as hedging instruments				$	26,740		$	22,195				$	25,953		$	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 September 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
(loss) income in which the effects of fair value or cash flow hedges are recorded.	$	188	$	4

The effects of fair value and cash flow hedging:
Gain or (loss) on fair value hedging relationships
Interest contracts
Hedged items		(731)
Derivatives designated as hedging instruments		935
Gain or (loss) on cash flow hedging relationships
Interest contracts
Amount of gain or (loss) reclassified from accumulated other comprehensive income into income		(16)		4
Amount of gain or (loss) reclassified from accumulated OCI into income - Included Component				20
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 nine months ended September 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
(loss) income in which the effects of fair value or cash flow hedges are recorded.	$	318	$	228

The effects of fair value and cash flow hedging:
Gain or (loss) on fair value hedging relationships
Interest contracts
Hedged items		(779)
Derivatives designated as hedging instruments		1,145
Gain or (loss) on cash flow hedging relationships
Interest contracts
Amount of gain or (loss) reclassified from accumulated other comprehensive income into income		(48)		228
Amount of gain or (loss) reclassified from accumulated OCI into income - Included Component				276
Amount of gain or (loss) reclassified from accumulated OCI into income - Excluded Component	$	(48)	$	(48)

Schedule of offsetting derivatives

Offsetting of Derivative Assets

as of September 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

$

27,553

$

27,553

$

27,020

$

533

Offsetting of Derivative Liabilities

as of September 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

$

25,953

$

25,953

$

25,953

$

*No cash collateral was paid in September 2023.

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

$