Derivative Instruments and Hedging Activities (Tables)

6 Months Ended

Jun. 30, 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 June 30, 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 June 30, 2022
Interest rate swap - cash flow hedge	$	264,172	Other assets	$	882		$	—
Total	$	264,172		$	882		$	—
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 June 30, 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 June 30, 2022
Credit derivatives	$	791,638		$	—	Other liabilities	$	447
Interest rate locks with customers	30,252		Other assets	438			—
Forward loan sale commitments	38,605		Other assets	30			—
Total	$	860,495		$	468		$	447
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				Six Months Ended
		June 30,				June 30,
(Dollars in thousands)		2022		2021		2022		2021
Interest rate swap—cash flow hedge—net interest payments	Interest (income) expense	$	(686)	$	76	$	(618)	$	152
Total net gain (loss)		$	686	$	(76)	$	618	$	(152)

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				Six Months Ended
		June 30,				June 30,
(Dollars in thousands)		2022		2021		2022		2021
Credit derivatives	Other noninterest income	$	589	$	272	$	1,039	$	1,379
Interest rate locks with customers	Net gain (loss) on mortgage banking activities	683		499		(327)		(1,231)
Forward loan sale commitments	Net (loss) gain on mortgage banking activities	(775)		(1,489)		(56)		485
Total net gain		$	497	$	(718)	$	656	$	633

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 June 30, 2022 and December 31, 2021:

(Dollars in thousands)	Accumulated Other Comprehensive (Loss) Income	At June 30, 2022		At December 31, 2021
Interest rate swap—cash flow hedge	Fair value, net of taxes	$	697	$	(159)
Total		$	697	$	(159)