Derivative And Hedging Activities (Tables)

6 Months Ended

Jun. 30, 2022

Derivative Instruments and Hedging Activities Disclosure [Abstract]

Summary of Fair Values of Derivative Instruments in the Company's Consolidated Balance Sheets

The following tables present the notional amount, the location, and fair values of derivative instruments in the Company’s consolidated balance sheets:

	June 30, 2022
	Derivative Assets					Derivative Liabilities
	Notional Amount		Balance Sheet Location	Fair Value		Notional Amount		Balance Sheet Location	Fair Value
	(dollars in thousands)					(dollars in thousands)
Derivatives designated as hedging instruments
Interest rate contracts	$	150,000	Other Assets	$	244	$	—	Other Liabilities	$	—
Total derivatives designated as hedging instruments				$	244				$	—
Derivatives not designated as hedging instruments
Loan related derivative contracts
Interest rate contracts	$	518,964	Other Assets	$	33,276	$	518,964	Other Liabilities	$	33,276
Risk participation agreements-out to counterparties		47,365	Other Assets		37		—	Other Liabilities		—
Risk participation agreements-in with counterparties		—	Other Assets		—		108,650	Other Liabilities		113
Total derivatives not designated as hedging instruments				$	33,313				$	33,389

	December 31, 2021
	Derivative Assets					Derivative Liabilities
	Notional Amount		Balance Sheet Location	Fair Value		Notional Amount		Balance Sheet Location	Fair Value
	(dollars in thousands)					(dollars in thousands)
Derivatives designated as hedging instruments
Interest rate contracts	$	150,000	Other Assets	$	3,513	$	—	Other Liabilities	$	—
Total derivatives designated as hedging instruments				$	3,513				$	—
Derivatives not designated as hedging instruments
Loan related derivative contracts
Interest rate swaps with customers	$	522,581	Other Assets	$	23,431	$	—	Other Liabilities	$	—
Mirror swaps with counterparties		—	Other Assets		—		522,581	Other Liabilities		23,431
Risk participation agreements-out to counterparties		47,988	Other Assets		107		—	Other Liabilities		—
Risk participation agreements-in with counterparties		—	Other Assets		—		109,510	Other Liabilities		293
Total derivatives not designated as hedging instruments				$	23,538				$	23,724

Summary of Changes to AOCI and AOCL as a Result of Cash Flow Hedge Accounting

The following tables present the changes to AOCI and AOCL as a result of cash flow hedge accounting as of the periods presented:

	Three Months Ended June 30, 2022
	Amount of Gain or (Loss) Recognized in OCI			Amount of Gain or (Loss) Recognized in OCI - Included Component			Amount of Gain or (Loss) Recognized in OCI - Excluded Component			Location of Gain or (Loss)	Amount of Gain or (Loss) Reclassified from AOCL into Income		Amount of Gain or (Loss) Reclassified from AOCL into Income Included Component		Amount of Gain or (Loss) Reclassified from AOCL into Income Excluded Component
	(dollars in thousands)										(dollars in thousands)
Interest rate contracts	$	(358	)	$	(101	)	$	(257	)	Interest Income	$	391	$	439	$	(48	)

	Six Months Ended June 30, 2022
	Amount of Gain or (Loss) Recognized in OCI			Amount of Gain or (Loss) Recognized in OCI Included Component			Amount of Gain or (Loss) Recognized in OCI Excluded Component			Location of Gain or (Loss)	Amount of Gain or (Loss) Reclassified from AOCL into Income		Amount of Gain or (Loss) Reclassified from AOCL into Income Included Component		Amount of Gain or (Loss) Reclassified from AOCL into Income Excluded Component
	(dollars in thousands)										(dollars in thousands)
Interest rate contracts	$	(2,058	)	$	(2,012	)	$	(46	)	Interest Income	$	1,005	$	1,101	$	(96	)

	Three Months Ended June 30, 2021
	Amount of Gain or (Loss) Recognized in OCI			Amount of Gain or (Loss) Recognized in OCI Included Component			Amount of Gain or (Loss) Recognized in OCI Excluded Component			Location of Gain or (Loss)	Amount of Gain or (Loss) Reclassified from AOCI into Income		Amount of Gain or (Loss) Reclassified from AOCI into Income Included Component		Amount of Gain or (Loss) Reclassified from AOCI into Income Excluded Component
	(dollars in thousands)										(dollars in thousands)
Interest rate contracts	$	(642	)	$	(627	)	$	(15	)	Interest Income	$	646	$	695	$	(49	)

	Six Months Ended June 30, 2021
	Amount of Gain or (Loss) Recognized in OCI			Amount of Gain or (Loss) Recognized in OCI - Included Component			Amount of Gain or (Loss) Recognized in OCI - Excluded Component			Location of Gain or (Loss)	Amount of Gain or (Loss) Reclassified from AOCI into Income		Amount of Gain or (Loss) Reclassified from AOCI into Income Included Component		Amount of Gain or (Loss) Reclassified from AOCI into Income Excluded Component
	(dollars in thousands)										(dollars in thousands)
Interest rate contracts	$	(1,719	)	$	(173	)	$	(1,546	)	Interest Income	$	1,276	$	1,373	$	(97	)

Summary of Derivative Financial Instruments Not Designated as Hedging Instruments on the Consolidated Statements of Income

The following table presents the effect of the Company’s derivative financial instruments that are not designated as hedging instruments on the consolidated statements of income as of the periods presented:

		Amount of Gain or (Loss) Recognized in Income on Derivatives
		Three Months Ended
		June 30, 2022			June 30, 2021
	Location of Gain or (Loss)	(dollars in thousands)
Other contracts	Loan-related derivative income	$	(33	)	$	(53	)

		Amount of Gain or (Loss) Recognized in Income on Derivatives
		Six Months Ended
		June 30, 2022			June 30, 2021
	Location of Gain or (Loss)	(dollars in thousands)
Other contracts	Loan-related derivative income	$	(110	)	$	153

Schedule of Financial Instruments Eligible for Offset in Consolidated Balance Sheet

The following tables present the information about financial instruments that are eligible for offset in the consolidated balance sheets at June 30, 2022 and December 31, 2021:

								Gross Amounts Not Offset
		Gross Amounts Recognized		Gross Amounts Offset		Net Amounts Recognized		Financial Instruments		Collateral Pledged (Received)			Net Amount
		June 30, 2022
	(dollars in thousands)
Offsetting of Derivative Assets
Derivative Assets		$	33,557	$	—	$	33,557	$	965	$	(30,917	)	$	1,675
Offsetting of Derivative Liabilities
Derivative Liabilities		$	33,389	$	—	$	33,389	$	965	$	—		$	32,424
								Gross Amounts Not Offset
		Gross Amounts Recognized		Gross Amounts Offset		Net Amounts Recognized		Financial Instruments		Collateral Pledged (Received)			Net Amount
		December 31, 2021
	(dollars in thousands)
Offsetting of Derivative Assets
Derivative Assets		$	27,051	$	—	$	27,051	$	6,365	$	—		$	20,686
Offsetting of Derivative Liabilities
Derivative Liabilities		$	23,724	$	—	$	23,724	$	6,365	$	14,011		$	3,348