Derivative Instruments and Hedging Activities (Tables)

3 Months Ended

Mar. 31, 2022

Derivative Instruments and Hedging Activities Disclosure [Abstract]

Notional Amounts and Fair Value of Derivatives Designated as Hedging Instruments

The following table presents the notional amounts and fair values of derivatives designated as hedging instruments recorded on the condensed consolidated balance sheets at March 31, 2022 and December 31, 2021. The Corporation pledges cash or securities to cover the negative fair value of derivative instruments. Cash collateral associated with derivative instruments are not added to or netted against the fair value amounts.

			Derivative Assets			Derivative Liabilities
(Dollars in thousands)	Notional Amount		Balance Sheet Classification	Fair Value		Balance Sheet Classification	Fair Value
At March 31, 2022
Interest rate swap - cash flow hedge	$	14,393		$	—	Other liabilities	$	57
Total	$	14,393		$	—		$	57
At December 31, 2021
Interest rate swap - cash flow hedge	$	14,611		$	—	Other liabilities	$	202
Total	$	14,611		$	—		$	202

Notional Amounts and Fair Value of Derivatives Not Designated as Hedging Instruments

The following table presents the notional amounts and fair values of derivatives not designated as hedging instruments recorded on the condensed consolidated balance sheets at March 31, 2022 and December 31, 2021:

			Derivative Assets			Derivative Liabilities
(Dollars in thousands)	Notional Amount		Balance Sheet Classification	Fair Value		Balance Sheet Classification	Fair Value
At March 31, 2022
Interest rate swap	$	11		$	—	Other liabilities	$	2
Credit derivatives	769,329			—		Other liabilities	457
Interest rate locks with customers	39,524			—		Other liabilities	245
Forward loan sale commitments	54,045		Other assets	806			—
Total	$	862,909		$	806		$	704
At December 31, 2021
Interest rate swap	$	46		$	—	Other liabilities	$	2
Credit derivatives	755,576			—		Other liabilities	381
Interest rate locks with customers	33,876		Other assets	765			—
Forward loan sale commitments	55,476		Other assets	87			—
Total	$	844,974		$	852		$	383

Income for Derivatives Designated as Hedging Instruments

The following table presents amounts included in the condensed consolidated statements of income for derivatives designated as hedging instruments for the periods indicated:

	Statement of Income Classification	Three Months Ended
		March 31,
(Dollars in thousands)		2022		2021
Interest rate swap—cash flow hedge—net interest payments	Interest expense	$	68	$	76
Total net loss		$	(68)	$	(76)

Income for Derivatives Not Designated as Hedging Instruments

The following table presents amounts included in the condensed consolidated statements of income for derivatives not designated as hedging instruments for the periods indicated:

	Statement of Income Classification	Three Months Ended
		March 31,
(Dollars in thousands)		2022		2021
Credit derivatives	Other noninterest income	$	450	$	1,107
Interest rate locks with customers	Net loss on mortgage banking activities	(1,010)		(1,730)
Forward loan sale commitments	Net gain on mortgage banking activities	719		1,974
Total net gain		$	159	$	1,351

Schedule of Cash Flow Hedges Included in Accumulated Other Comprehensive Income (Loss)

The following table presents amounts included in accumulated other comprehensive (loss) income for derivatives designated as hedging instruments at March 31, 2022 and December 31, 2021:

(Dollars in thousands)	Accumulated Other Comprehensive (Loss) Income	At March 31, 2022		At December 31, 2021
Interest rate swap—cash flow hedge	Fair value, net of taxes	$	(45)	$	(159)
Total		$	(45)	$	(159)