Derivative And Hedging Activities (Tables)

3 Months Ended

Mar. 31, 2023

Derivative Instruments and Hedging Activities Disclosure [Abstract]

Summary of Cumulative Basis Adjustment for Fair Value Hedges

As of March 31, 2023, the following amounts were recorded on the balance sheet related to cumulative basis adjustment for fair value hedges:

Line Item in the Statement of Financial Position in Which the Hedged Item is Included	Carrying Amount of the Hedged Assets/(Liabilities)				Cumulative Amount of Fair Value Hedging Adjustment Included in the Carrying Amount of the Hedged Assets/(Liabilities)
	2023		2022		2023		2022
	(dollars in thousands)
Fixed Rate Assets	$	250,535	$	—	$	535	$	—
Total	$	250,535	$	—	$	535	$	—

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:

	March 31, 2023
	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-cash flow hedging relationships	$	250,000	Other Assets	$	2,045	$	—	Other Liabilities	$	—
Interest rate contracts-fair value hedging relationships		—	Other Assets		—		250,000	Other Liabilities		541
Total derivatives designated as hedging instruments				$	2,045				$	541
Derivatives not designated as hedging instruments
Loan related derivative contracts
Interest rate contracts	$	501,314	Other Assets	$	40,079	$	501,314	Other Liabilities	$	40,079
Risk participation agreements-out to counterparties		46,206	Other Assets		27		—	Other Liabilities		—
Risk participation agreements-in with counterparties		—	Other Assets		—		93,390	Other Liabilities		65
Total derivatives not designated as hedging instruments				$	40,106				$	40,144

	December 31, 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-cash flow hedging relationships	$	250,000	Other Assets	$	1,966	$	—	Other Liabilities	$	—
Total derivatives designated as hedging instruments				$	1,966				$	—
Derivatives not designated as hedging instruments
Loan related derivative contracts
Interest rate contracts	$	499,619	Other Assets	$	50,784	$	499,619	Other Liabilities	$	50,784
Risk participation agreements-out to counterparties		46,604	Other Assets		23		—	Other Liabilities		—
Risk participation agreements-in with counterparties		—	Other Assets		—		71,046	Other Liabilities		43
Total derivatives not designated as hedging instruments				$	50,807				$	50,827

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 March 31, 2023
	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	$	78	$	—	$	78	Interest Income	$	(144	)	$	(96	)	$	(48	)

	Three Months Ended March 31, 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 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	$	(2,314	)	$	(2,528	)	$	214	Interest Income	$	614	$	662	$	(48	)

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
		Three Months Ended
		March 31, 2023			March 31, 2022
	Location of Gain or (Loss)	(dollars in thousands)
Other contracts	Loan-related derivative income	$	(22	)	$	(74	)

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 March 31, 2023 and December 31, 2022:

								Gross Amounts Not Offset
		Gross Amounts Recognized		Gross Amounts Offset		Net Amounts Recognized		Financial Instruments		Collateral Pledged (Received)			Net Amount
		March 31, 2023
	(dollars in thousands)
Offsetting of Derivative Assets
Derivative Assets		$	42,151	$	—	$	42,151	$	977	$	(40,636	)	$	538
Offsetting of Derivative Liabilities
Derivative Liabilities		$	40,685	$	—	$	40,685	$	977	$	—		$	39,708
								Gross Amounts Not Offset
		Gross Amounts Recognized		Gross Amounts Offset		Net Amounts Recognized		Financial Instruments		Collateral Pledged (Received)			Net Amount
		December 31, 2022
	(dollars in thousands)
Offsetting of Derivative Assets
Derivative Assets		$	52,773	$	—	$	52,773	$	48	$	(52,130	)	$	595
Offsetting of Derivative Liabilities
Derivative Liabilities		$	50,827	$	—	$	50,827	$	48	$	—		$	50,875