Derivative Instruments (Tables)

6 Months Ended

Jun. 30, 2023

Derivative Instruments

Schedule of amounts recorded in the Company's consolidated balance sheets for derivatives not designated as hedging instruments

		June 30, 2023				December 31, 2022
		Fair		Notional		Fair		Notional
(dollars in thousands)		Value		Amount		Value		Amount
Designated as hedging instruments:	Consolidated Balance Sheet Location
Fair value hedges:
Interest rate swaps	Other assets	$	2,069	$	200,000	$	—	$	—
Total derivatives designated as hedging instruments		$	2,069	$	200,000	$	—	$	—
Not designated as hedging instruments:
Asset Derivatives
Interest rate swaps	Other assets	$	6,049	$	42,716	$	6,277	$	43,430
Interest rate lock commitments	Other assets		523		34,602		121		10,462
Forward loan sales commitments	Other assets		71		4,193		7		351
To-be-announced mortgage backed securities	Other assets		210		68,750		—		—
Total asset derivatives not designated as hedging instruments		$	6,853	$	150,261	$	6,405	$	54,243
Liability Derivatives
Interest rate swaps	Accrued expenses and other liabilities	$	6,049	$	42,716	$	6,277	$	43,430
To-be-announced mortgage backed securities	Accrued expenses and other liabilities		—		—		26		25,750
Total liability derivatives not designated as hedging instruments		$	6,049	$	42,716	$	6,303	$	69,180

Schedule of hedge accounting included in the carrying amount of hedged assets and liabilities in fair value hedging relationships:

	June 30, 2023
			Cumulative Fair
			Value Hedging
			Adjustment in the
	Carrying Amount		Carrying Amount of
	of Hedge Assets/		Hedged Assets/
	Liabilities		Liabilities
(dollars in thousands)
Mortgage-backed securities
Residential agency	$	284,584	$	(2,073)
Total	$	284,584	$	(2,073)

Schedule of gain (loss) recognized on derivatives instruments

(dollars in thousands)		Three months ended June 30,				Six months ended June 30,
Derivatives designated as hedging instruments	Consolidated Statements of Income Location	2023		2022		2023		2022
Interest rate swaps	Interest income	$	—	$	—	$	—	$	—
Total gain (loss) from derivatives designated as hedging instruments		$	—	$	—	$	—	$	—
Derivatives not designated as hedging instruments
Interest rate swaps	Other noninterest income	$	—	$	1	$	—	$	1
Interest rate lock commitments	Mortgage banking		89		563		429		(147)
Forward loan sales commitments	Mortgage banking		70		542		64		52
To-be-announced mortgage backed securities	Mortgage banking		302		1,246		129		3,749
Total gain (loss) from derivatives not designated as hedging instruments		$	461	$	2,352	$	622	$	3,655