Derivative Instruments and Hedge Activities (Tables)

12 Months Ended

Dec. 31, 2021

Derivative Instruments and Hedging Activities Disclosure [Abstract]

Summary of Derivative Financial Instruments and Classification on Consolidated Statements of Financial Condition

The following tables present the fair value of the Company’s derivative financial instruments and classification on the Consolidated Statements of Financial Condition as of December 31, 2021 and 2020:

	2021							2020
			Fair Value							Fair Value
	Notional Amount		Other Assets		Other Liabilities			Notional Amount		Other Assets		Other Liabilities
Derivatives designated as hedging instruments
Interest rate swaps designated as cash flow hedges	$	400,000	$	4,140	$	—		$	—	$	—	$	—
Derivatives not designated as hedging instruments
Other interest rate derivatives		439,876		9,235		(9,660	)		383,410		17,149		(18,116	)
Other credit derivatives		7,571		—		(5	)		8,437		—		(17	)
Total derivatives	$	847,447	$	13,375	$	(9,665	)	$	391,847	$	17,149	$	(18,133	)

Summary of Cash Flow Hedges

The following table reflects the cash flow hedges as of December 31, 2021:

Notional amounts	$	400,000
Derivative assets fair value		4,140
Derivative liabilities fair value		—
Weighted average maturity	4.9 years

Summary of Net Gains (Losses) Recorded in Accumulated Other Comprehensive Income (Loss) and Consolidated Statements of Operations Relating to Cash Flow Derivative Instruments

The following table reflects the net gains (losses) recorded in accumulated other comprehensive income (loss) and the Consolidated Statements of Operations relating to the cash flow derivative instruments for the years ended December 31, 2021 and 2019:

	2021							2020
	Amount of Gain Recognized in OCI		Amount of Loss Reclassified from OCI to Income as an Increase to Interest Expense			Amount of Gain (Loss) Recognized in Other Non-Interest Income		Amount of Gain Recognized in OCI		Amount of Loss Reclassified from OCI to Income as an Increase to Interest Expense			Amount of Gain (Loss) Recognized in Other Non-Interest Income
Interest rate swaps	$	4,140	$	(148	)	$	—	$	—	$	(85	)	$	—

Summary of Other Interest Rate Derivatives

The following table reflects other interest rate derivatives as of December 31, 2021:

Notional amounts	$	439,876
Derivative assets fair value		9,235
Derivative liabilities fair value		9,660
Weighted average pay rates		4.17	%
Weighted average receive rates		3.26	%
Weighted average maturity	5.5 years

Summary of Amounts Included in Non-Interest Income in Consolidated Statements of Operations Relating to Derivative Instruments not Designated in Hedging Relationship

The following table reflects amounts included in non-interest income in the Consolidated Statements of Operations relating to derivative instruments that are not designated in a hedging relationship for the years ended December 31, 2021, 2020, and 2019:

	2021		2020			2019
Other interest rate derivatives	$	541	$	(420	)	$	(351	)
Other credit derivatives		12		(5	)		67
Total	$	553	$	(425	)	$	(284	)

Summary of Company's Interest Rate Derivative and Offsetting Positions

The table below summarizes the Company’s interest rate derivatives and offsetting positions as of December 31, 2021 and 2020:

	2021						2020
	Derivative Assets Fair Value			Derivative Liabilities Fair Value			Derivative Assets Fair Value			Derivative Liabilities Fair Value
Gross amounts recognized	$	13,375		$	(9,665	)	$	17,149		$	18,133
Less: Amounts offset in the Consolidated Statements of Financial    Condition		—			—			—			—
Net amount presented in the Consolidated Statements of Financial    Condition	$	13,375		$	(9,665	)	$	17,149		$	18,133
Gross amounts not offset in the Consolidated Statements of    Financial Condition
Offsetting derivative positions		(3,253	)		3,253			—			—
Collateral posted		(10,122	)		6,412			(17,149	)		(18,133	)
Net credit exposure	$	—		$	—		$	—		$	—