Derivative Instruments and Hedge Activities (Tables)

6 Months Ended

Jun. 30, 2022

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 Condensed Consolidated Statements of Financial Condition as of June 30, 2022 and December 31, 2021:

	June 30, 2022							December 31, 2021
			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	$	550,000	$	28,846	$	—		$	400,000	$	4,140	$	—
Derivatives not designated as hedging   instruments
Other interest rate derivatives		517,607		10,296		(10,153	)		439,876		9,235		(9,660	)
Other credit derivatives		7,126		—		(1	)		7,571		—		(5	)
Total derivatives	$	1,074,733	$	39,142	$	(10,154	)	$	847,447	$	13,375	$	(9,665	)

Summary of Cash Flow Hedges

The following table reflects the cash flow hedges as of June 30, 2022:

Notional amounts	$	550,000
Derivative assets fair value		28,846
Derivative liabilities fair value		—
Weighted average maturity	4.7 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 Condensed Consolidated Statements of Operations relating to the cash flow derivative instruments for the six months ended:

	June 30, 2022							June 30, 2021
	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	$	24,557	$	(319	)	$	—	$	955	$	(42	)	$	—

Summary of Other Interest Rate Derivatives

The following table reflects other interest rate derivatives as of June 30, 2022:

Notional amounts	$	517,607
Derivative assets fair value		10,296
Derivative liabilities fair value		10,153
Weighted average pay rates		4.18	%
Weighted average receive rates		4.94	%
Weighted average maturity	5.9 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 Condensed Consolidated Statements of Operations relating to derivative instruments that are not designated in a hedging relationship for the three and six months ended June 30, 2022 and 2021:

	Three Months Ended					Six Months Ended
	June 30,					June 30,
	2022		2021			2022		2021
Other interest rate derivatives	$	286	$	(172	)	$	568	$	384
Other credit derivatives		1		2			5		7
Total	$	287	$	(170	)	$	573	$	391

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:

	June 30, 2022						December 31, 2021
	Derivative Assets Fair Value			Derivative Liabilities Fair Value			Derivative Assets Fair Value			Derivative Liabilities Fair Value
Gross amounts recognized	$	39,142		$	(10,154	)	$	13,375		$	(9,665	)
Less: Amounts offset in the Condensed Consolidated   Statements of Financial Condition		—			—			—			—
Net amount presented in the Condensed Consolidated   Statements of Financial Condition	$	39,142		$	(10,154	)	$	13,375		$	(9,665	)
Gross amounts not offset in the Condensed Consolidated   Statements of Financial Condition
Offsetting derivative positions		(664	)		664			(3,253	)		3,253
Collateral posted		(38,478	)		9,489			(10,122	)		6,412
Net credit exposure	$	—		$	(1	)	$	—		$	—