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Derivatives (Tables)
12 Months Ended
Dec. 31, 2022
Derivative Instruments and Hedging Activities Disclosure [Abstract]  
Summarize Key Elements of Derivative Instruments Changes in the fair value of loan swaps are recorded in other noninterest income and sum to zero because of the offsetting terms of the swaps with borrowers and the swaps with dealer counterparties.

 

 

 

December 31, 2022

 

 

 

Notional Amount

 

 

Assets

 

 

Liabilities

 

 

 

(in thousands)

 

Customer-related interest rate swap contracts:

 

 

 

 

 

 

 

 

 

Matched interest rate swaps with borrower

 

$

23,141

 

 

$

1,017

 

 

$

 

Matched interest rate swaps with counterparty

 

 

23,141

 

 

 

 

 

 

1,017

 

 

 

 

 

 

 

 

 

 

 

 

 

December 31, 2021

 

 

 

Notional Amount

 

 

Assets

 

 

Liabilities

 

 

 

(in thousands)

 

Customer-related interest rate swap contracts:

 

 

 

 

 

 

 

 

 

Matched interest rate swaps with borrower

 

$

2,391

 

 

$

58

 

 

$

 

Matched interest rate swaps with counterparty

 

 

2,391

 

 

 

 

 

 

58