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Derivative Financial Instruments (Tables)
3 Months Ended
Mar. 31, 2022
Derivative Instruments and Hedging Activities Disclosure [Abstract]  
Fair Value of Derivative Financial Instruments and Classification on the Balance Sheet
The table below presents the fair value of the Corporation’s derivative financial instruments, as well as their classification on the Balance Sheet, as of March 31, 2022, and December 31, 2021.
 Asset DerivativesLiability Derivatives
 March 31, 2022December 31, 2021March 31, 2022December 31, 2021
 Balance
Sheet
Location
Fair
Value
Balance
Sheet
Location
Fair
Value
Balance
Sheet
Location
Fair
Value
Balance
Sheet
Location
Fair
Value
Derivatives designated as hedging instruments:        
Interest rate contractsOther Assets$— Other Assets$— Other Liabilities$292 Other Liabilities$835 
Derivatives not designated as hedging instruments:        
Interest rate contractsOther Assets$34,995 Other Assets$41,133 Other Liabilities$34,995 Other Liabilities$41,133 
Amount of Loss Recognized in Other Comprehensive Income (Loss)
The amount of loss recognized in other comprehensive income (loss) is included in the table below for the periods indicated.
Derivatives in Cash Flow Hedging RelationshipsAmount of Gain (Loss) Recognized in Other Comprehensive Income on Derivative
 (Effective Portion)
Three Months Ended
March 31, 2022March 31, 2021
Interest Rate Products$303 $58 
Effect of Derivative Financial Instruments on the Income Statement
The amount of gain (loss) reclassified from other comprehensive income into income is included in the table below for the periods indicated.
Derivatives Designated as
Hedging Instruments under
FASB ASC 815-10
Location of Gain (Loss)
Recognized Income on
Derivative
Amount of Gain (Loss) Reclassed from Other Comprehensive Income into Income (Effective Portion)
Three Months Ended
March 31, 2022
Three Months Ended
March 31, 2021
Interest rate contractsInterest Expense$(241)$(252)