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Derivative Financial Instruments (Tables)
12 Months Ended
Dec. 31, 2022
Derivative Financial Instruments  
Schedule of key elements of derivative instruments other than forward sales of mortgage loans

December 31, 2022

 

    

Notional

    

    

    

 

(Dollars in thousands)

Amount

Assets

Liabilities

 

Cash flow hedges:

Interest rate swap contracts

$

25,000

$

1,941

$

Not designated as hedges:

 

 

 

Customer-related interest rate swap contracts:

 

 

 

Matched interest rate swaps with borrower

 

85,856

 

 

6,328

Matched interest rate swaps with counterparty

85,856

6,328

Mortgage banking contracts:

IRLCs

42,284

391

December 31, 2021

    

Notional

    

    

    

(Dollars in thousands)

Amount

Assets

Liabilities

Cash flow hedges:

Interest rate swap contracts

$

25,000

$

$

665

Not designated as hedges:

 

 

Customer-related interest rate swap contracts:

 

 

 

Matched interest rate swaps with borrower

 

72,352

 

3,303

 

164

Matched interest rate swaps with counterparty

72,352

164

3,303

Mortgage banking contracts:

IRLCs

83,407

1,523

Forward sales of TBA securities

9,250

 

 

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