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Derivatives and Hedging (Tables)
6 Months Ended
Jun. 30, 2023
Derivatives and Hedging [Abstract]  
Schedule of Derivative Instruments
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Asset Derivatives
Liability Derivatives
Statement of
Financial
Condition
June 30,
 
December 31,
 
Statement of
Financial
Condition
June 30,
 
December 31,
 
Location
2023
2022
Location
2023
2022
(Dollars in thousands)
Interest rate products:
Derivatives
designated as hedging
instruments
Other assets
and Interest
receivable
$
211
$
-
Interest payable
and other
liabilities
$
7,726
$
5,403
Derivatives not
designated as hedging
instruments
Other assets
and Interest
receivable
10,415
11,038
Interest payable
and other
liabilities
10,415
11,039
Total
$
10,626
$
11,038
$
18,141
$
16,442
Schedule of Cash Flow Hedge on Accumulated Other Comprehensive Income
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Location of
Gain or (Loss)
Recognized
from
Accumulated
Other
Comprehensive
Income into
Earnings
Gain or
(Loss)
Recognized
in OCI on
Derivative
Gain or
(Loss)
Recognized
in OCI
Included
Component
Gain or
(Loss)
Recognized
in OCI
Excluded
Component
Gain or
(Loss)
Reclassified
from
Accumulated
OCI into
Earnings
Gain or
(Loss)
Reclassified
from
Accumulated
OCI into
Earnings
Included
Component
Gain or
(Loss)
Reclassified
from
Accumulated
OCI into
Earnings
Excluded
Component
(Dollars in thousands)
For the Three Months Ended June 30, 2023
Derivatives in Cash Flow Hedging Relationships:
Interest Rate Products
Interest Income
$
(3,839)
$
(3,839)
$
-
$
-
$
-
$
-
Interest Rate Products
Interest Expense
207
207
-
9
9
-
Total
$
(3,632)
$
(3,632)
$
-
$
9
$
9
$
-
For the Three Months Ended June 30, 2022
Derivatives in Cash Flow Hedging Relationships:
Interest Rate Products
Interest Expense
1,385
1,385
-
-
-
-
Total
$
1,385
$
1,385
$
-
$
-
$
-
$
-
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Location of
Gain or (Loss)
Recognized
from
Accumulated
Other
Comprehensive
Income into
Earnings
Gain or
(Loss)
Recognized
in OCI on
Derivative
Gain or
(Loss)
Recognized
in OCI
Included
Component
Gain or
(Loss)
Recognized
in OCI
Excluded
Component
Gain or
(Loss)
Reclassified
from
Accumulated
OCI into
Earnings
Gain or
(Loss)
Reclassified
from
Accumulated
OCI into
Earnings
Included
Component
Gain or
(Loss)
Reclassified
from
Accumulated
OCI into
Earnings
Excluded
Component
(Dollars in thousands)
For the Six Months Ended June 30, 2023
Derivatives in Cash Flow Hedging Relationships:
Interest Rate Products
Interest Income
$
(2,299)
$
(2,299)
$
-
$
-
$
-
$
-
Interest Rate Products
Interest Expense
207
207
-
9
9
-
Total
$
(2,092)
$
(2,092)
$
-
$
9
$
9
$
-
For the Six Months Ended June 30, 2022
Derivatives in Cash Flow Hedging Relationships:
Interest Rate Products
Interest Expense
4,040
4,040
-
-
-
-
Total
$
4,040
$
4,040
$
-
$
-
$
-
$
-