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Derivatives (Tables)
 6 Months Ended
Jun. 30, 2022
Derivative Instruments and Hedging Activities Disclosure [Abstract]  
Schedule of Derivative Financial Instruments
The following tables provide details on the Company’s non-designated derivative financial instruments as of the dates presented:
June 30, 2022
Notional AmountAssetLiability
  Interest rate contracts$533,633 $29,701 $29,683 
  Forward commitments492,000 1,915 — 
  Interest rate-lock commitments292,716 3,758 — 
  Futures contracts318,000 952 — 
    Total$1,636,349 $36,326 $29,683 
 December 31, 2021
 Notional AmountAssetLiability
  Interest rate contracts$600,048 $19,265 $19,138 
  Forward commitments1,180,000 — 1,077 
  Interest rate-lock commitments487,396 7,197 — 
  Futures contracts429,000 922 — 
    Total$2,696,444 $27,384 $20,215 
The following presents a summary of the Company's designated cash flow hedges as of the dates presented:
 June 30, 2022December 31, 2021
 Notional AmountEstimated fair valueBalance sheet locationEstimated fair valueBalance sheet location
Interest rate swap agreements-
   subordinated debt		$30,000 $644 Other assets$(785)Accrued expenses and other liabilities
 June 30, 2022
 Notional AmountRemaining Maturity (In Years)Receive Fixed RatePay Floating RateEstimated fair value
Derivatives included in other liabilities:   
  Interest rate swap
    agreement- subordinated
    debt		$100,000 1.671.45625%SOFR$(2,509)
  Interest rate swap
    agreement- fixed rate
    money market deposits		75,000 2.141.49500%SOFR(2,294)
  Interest rate swap
    agreement- fixed rate
    money market deposits		125,000 2.141.49500%SOFR(3,823)
     Total$300,000 1.981.48208%$(8,626)
Schedule of Gains (Losses) Included in the Consolidated Statements of Income Related to Derivative Financial Instruments
Gains (losses) included in the consolidated statements of income related to the Company’s non-designated derivative financial instruments were as follows:
Three Months Ended June 30,Six Months Ended June 30,
 2022 2021 2022 2021 
Included in mortgage banking income:
  Interest rate lock commitments$2,007 $171 $(3,439)$(21,271)
  Forward commitments14,432 (19,200)52,335 24,058 
  Futures contracts(9,165)9,104 (25,700)(7,228)
  Option contracts— — 36 — 
    Total$7,274 $(9,925)$23,232 $(4,441)
The following discloses the amount included in other comprehensive (loss) income, net of tax, for derivative instruments designated as cash flow hedges for the periods presented: 
Three Months Ended June 30,Six Months Ended June 30,
 2022 2021 2022 2021 
Amount of gain recognized in other comprehensive
   income, net of tax expense of $99, $23, $372 and $135
$283 $67 $1,057 $383 
Schedule of Derivative Instruments in Statement of Financial Position, Fair Value
The following discloses the amount of income included in interest expense on borrowings and deposits, related to these fair value hedging instruments:
Three Months Ended June 30,Six Months Ended June 30,
 2022 2022 
Designated fair value hedge:
     Interest expense on deposits$395 $708 
     Interest expense on borrowings186 348 
        Total$581 $1,056 
Schedule of Derivative Liabilities at Fair Value
The following amounts were recorded on the balance sheet related to cumulative adjustments for fair value hedges as of June 30, 2022:
Line item on the balance sheetCarrying Amount of the Hedged ItemCumulative Decrease in Fair Value Hedging Adjustment Included in the Carrying Amount of the Hedged Item
Borrowings$96,298 
(1)
$(2,509)
Money market and savings deposits202,114 
(2)
(6,117)
(1) The carrying value also includes unamortized subordinated debt issuance costs of $1,193.
(2) The carrying value also includes and purchase accounting fair value premium of $8,231.
Schedule of Offsetting Assets The following table presents the Company's gross derivative positions as recognized in the consolidated balance sheets as well as the net derivative positions, including collateral pledged to the extent the application of such collateral did not reduce the net derivative liability position below zero, had the Company elected to offset those instruments subject to an enforceable master netting agreement:
Offsetting Derivative AssetsOffsetting Derivative Liabilities
June 30, 2022December 31, 2021June 30, 2022December 31, 2021
Gross amounts recognized$28,850 $4,990 $13,726 $15,733 
Gross amounts offset in the consolidated balance sheets— — — — 
Net amounts presented in the consolidated balance sheets28,850 4,990 13,726 15,733 
Gross amounts not offset in the consolidated balance sheets
Less: financial instruments9,724 4,297 9,724 4,297 
Less: financial collateral pledged— — 4,002 11,436 
Net amounts$19,126 $693 $— $— 
Schedule of Offsetting Liabilities The following table presents the Company's gross derivative positions as recognized in the consolidated balance sheets as well as the net derivative positions, including collateral pledged to the extent the application of such collateral did not reduce the net derivative liability position below zero, had the Company elected to offset those instruments subject to an enforceable master netting agreement:
Offsetting Derivative AssetsOffsetting Derivative Liabilities
June 30, 2022December 31, 2021June 30, 2022December 31, 2021
Gross amounts recognized$28,850 $4,990 $13,726 $15,733 
Gross amounts offset in the consolidated balance sheets— — — — 
Net amounts presented in the consolidated balance sheets28,850 4,990 13,726 15,733 
Gross amounts not offset in the consolidated balance sheets
Less: financial instruments9,724 4,297 9,724 4,297 
Less: financial collateral pledged— — 4,002 11,436 
Net amounts$19,126 $693 $— $—