Derivative Financial Instruments (Tables)

3 Months Ended

Mar. 31, 2023

Derivative Instruments and Hedging Activities Disclosure [Abstract]

Schedule of Outstanding Notional Balances and Fair Values of Outstanding Derivative Positions

The following tables provide the outstanding notional balances and fair values of outstanding derivative positions at March 31, 2023 and December 31, 2022.

(Dollars in thousands)	Outstanding Notional  Balance		Asset  Derivative Fair Value		Liability  Derivative Fair Value		Pay Rate (1)	Receive Rate (1)	Remaining Term (2)
March 31, 2023
Cash flow hedges:
Pay-fixed interest rate swaps	$	200,000	$	1,531	$	—	3.16%	USD Fed Funds-H.15		5.0
Total cash flow hedges		200,000		1,531		—
Fair value hedges:
Risk participation agreements purchased		10,062		—		—	—	4.87%		2.0
Risk participation agreements sold		29,141		—		9	—	5.54%		4.0
Commercial loan pass-through interest rate swaps:
Loan customer counterparty		143,103		—		7,262	—	4.77%		4.3
Financial institution counterparty		143,103		7,262		—	4.77%	—		4.3
Total fair value hedges		325,409		7,262		7,271
Total derivatives	$	525,409	$	8,793	$	7,271

(Dollars in thousands)	Outstanding Notional  Balance		Asset  Derivative Fair Value		Liability  Derivative Fair Value		Pay Rate (1)	Receive Rate (1)	Remaining Term (2)
December 31, 2022
Fair value hedges:
Risk participation agreements purchased		10,621		—		—	—	4.87		2.2
Risk participation agreements sold		29,360		—		8	—	5.54		4.2
Commercial loan pass-through interest rate swaps:
Loan customer counterparty		147,560		—		9,213	—	4.77%		4.5
Financial institution counterparty		147,560		9,213		—	4.77%	—		4.5
Total fair value hedges		335,101		9,213		9,221
Total derivatives	$	335,101	$	9,213	$	9,221

(1) Weighted average rate.

(2) Weighted average life (in years).