Derivative Financial Instruments (Tables)

12 Months Ended

Dec. 31, 2022

Derivative Instruments And Hedging Activities Disclosure [Abstract]

Schedule of the Notional Amount and Fair Value of the Derivative Financial Instruments

The notional amount and fair value of the Company’s derivative financial instruments as of December 31, 2022, and December 31, 2021, were as follows:

	December 31, 2022					December 31, 2021
(dollars in thousands)	Notional Amount		Fair Value			Notional Amount		Fair Value
Interest Rate Lock Commitments	$	3,860	$	58		$	45,857	$	1,084
Forward Commitments		3,256		6			58,523		(35	)
Interest Rate Swap Agreements
Receive Fixed/Pay Variable Swaps		1,821,433		(160,914	)		1,400,322		28,742
Pay Fixed/Receive Variable Swaps		1,821,433		38,785			1,400,322		(5,922	)
Foreign Exchange Contracts		52,065		1,745			102,548		(674	)
Conversion Rate Swap Agreement		124,752	NA 1				131,672	NA 1

¹  The conversation rate swap agreements were valued at zero as further reductions to the conversion rate were deemed neither probable nor reasonably estimable.

Derivative Financial Instruments, their Fair Values, and Balance Sheet Location

The following table presents the Company’s derivative financial instruments, their fair values, and their location in the consolidated statements of condition as of December 31, 2022, and December 31, 2021:

	December 31, 2022				December 31, 2021
Derivative Financial Instruments Not Designated     as Hedging Instruments 1 (dollars in thousands)	Asset Derivatives		Liability Derivatives		Asset Derivatives		Liability Derivatives
Interest Rate Lock Commitments	$	64	$	6	$	1,084	$	—
Forward Commitments		10		4		17		52
Interest Rate Swap Agreements		45,831		167,960		40,733		17,913
Foreign Exchange Contracts		1,812		67		177		851
Total	$	47,717	$	168,037	$	42,011	$	18,816

¹ Asset derivatives are included in other assets and liability derivatives are included in other liabilities in the consolidated statements of condition.

Derivative Financial Instruments and the Amount and Location of the Net Gains or Losses Recognized in the Statements of Income

The following table presents the Company’s derivative financial instruments and the amount and location of the net gains or losses recognized in the consolidated statements of income for the years ended December 31, 2022, December 31, 2021, and December 31, 2020:

	Location of Net Gains	Year Ended December 31,
Derivative Financial Instruments Not Designated     as Hedging Instruments (dollars in thousands)	(Losses) Recognized in the Statements of Income	2022			2021		2020
Interest Rate Lock Commitments	Mortgage Banking	$	(915	)	$	8,771	$	22,348
Forward Commitments	Mortgage Banking		2,348			1,580		(4,274	)
Interest Rate Swap Agreements 1	Other Noninterest Income		44			77		(129	)
Foreign Exchange Contracts	Other Noninterest Income		1,792			1,462		1,940
Total		$	3,269		$	11,890	$	19,885