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Restrictions on Cash and Due from Banks and Interest-earning Deposit Accounts
12 Months Ended
Dec. 31, 2022
Text Block [Abstract]  
Restrictions on Cash and Due from Banks and Interest-earning Deposit Accounts Restrictions on Cash and Due from Banks and Interest-earning Deposit AccountsThe average balances of cash on deposit at the Federal Reserve Bank of Philadelphia were $317.7 million and $471.7 million for the years ended December 31, 2022 and 2021, respectively. There were no reserve requirements at December 31, 2022 or 2021 as a result of the Federal Reserve Board maintaining the reserve requirement ratios at zero. The Corporation maintains interest-earning deposit accounts at other financial institutions that may present collateral requirements for credit derivatives and interest rate swap agreements. At December 31, 2022, the Corporation pledged $8.6 million of cash to secure the $250 million cash flow hedge, but zero cash pledged for credit derivatives. At December 31, 2021, the Corporation had $100 thousand of cash pledged for interest rate swap agreements. See Note 18, "Derivative Instruments and Hedging Activities" for additional information.