Derivatives and Hedging Activities (Tables)

3 Months Ended

Mar. 31, 2022

Derivative Instruments And Hedging Activities Disclosure [Abstract]

Summary of Fair Value of Derivative Assets and Liabilities

This table provides a summary of the fair value of the Company’s derivative assets and liabilities as of March 31, 2022 and December 31, 2021 (in thousands):

	Derivative Assets				Derivative Liabilities
	March 31,		December 31,		March 31,		December 31,
Fair Value	2022		2021		2022		2021
Interest Rate Products:
Derivatives not designated as hedging instruments	$	19,113	$	57,134	$	43,016	$	13,944
Derivatives designated as hedging instruments		860		546		—		—
Total	$	19,973	$	57,680	$	43,016	$	13,944

Summary of Amount of Gain (Loss) Recognized in Interest Income and Other Non-interest Expense in Consolidated Statements of Income Related to Derivative Assets and Liabilities

This table provides a summary of the amount of gain or loss recognized in Interest income and Other noninterest expense in the Consolidated Statements of Income related to the Company’s derivative assets and liabilities for the three months ended March 31, 2022 and March 31, 2021 (in thousands):

	Amount of Gain (Loss) Recognized
	For the Three Months Ended
	March 31,			March 31,
	2022			2021
Interest Rate Products
Derivatives not designated as hedging instruments	$	183		$	489
Total	$	183		$	489
Interest Rate Products
Derivatives designated as hedging instruments:
Fair value adjustments on derivatives	$	36,676		$	9,328
Fair value adjustments on hedged items		(36,058	)		(9,251	)
Total	$	618		$	77

Summary of Effect of Hedges on AOCI in Consolidated Statements of Comprehensive Income Related to Company's Derivative Assets and Liabilities

These tables provide a summary of the effect of hedges on AOCI in the Consolidated Statements of Comprehensive Income related to the Company’s derivative assets and liabilities for the three months ended March 31, 2022 and March 31, 2021 (in thousands):

	For the Three Months Ended March 31, 2022
Derivatives in Cash Flow Hedging Relationships	Gain Recognized in OCI on Derivative		Gain Recognized in OCI Included Component		Gain Recognized in OCI Excluded Component		Gain (Loss) Reclassified from AOCI into Earnings			Gain (Loss) Reclassified from AOCI into Earnings Included Component			Loss Reclassified from AOCI into Earnings Excluded Component
Interest rate floor	$	—	$	—	$	—	$	1,163		$	1,718		$	(555	)
Interest rate swaps		4,680		4,680		—		(312	)		(312	)		—
Total	$	4,680	$	4,680	$	—	$	851		$	1,406		$	(555	)

	For the Three Months Ended March 31, 2021
Derivatives in Cash Flow Hedging Relationships	Gain Recognized in OCI on Derivative		Gain Recognized in OCI Included Component		Gain Recognized in OCI Excluded Component		Gain (Loss) Reclassified from AOCI into Earnings			Gain (Loss) Reclassified from AOCI into Earnings Included Component			Loss Reclassified from AOCI into Earnings Excluded Component
Interest rate floor	$	—	$	—	$	—	$	1,166		$	1,721		$	(555	)
Interest rate swaps		6,503		6,503		—		(324	)		(324	)		—
Total	$	6,503	$	6,503	$	—	$	842		$	1,397		$	(555	)