Derivatives (Tables)

6 Months Ended

Jun. 30, 2023

Derivative Instruments and Hedging Activities Disclosure [Abstract]

Schedule of Balance Sheet Category and Fair Values of the Derivative Instruments

The table below identifies the balance sheet category and fair value of the Company's derivative instruments as of June 30, 2023 and December 31, 2022. The Company has a minimum collateral posting threshold with its derivative counterparty. If the Company had breached any provisions under the agreement at June 30, 2023, it could have been required to settle its obligations under the agreement at the termination value.

	June 30, 2023					December 31, 2022
(dollars in thousands)	Notional Amount		Fair Value		Balance Sheet Category	Notional Amount		Fair Value		Balance Sheet Category
Derivatives not designated as hedging instruments in an asset position
Interest rate product	$	595,845	$	30,659	Other assets	$	396,024	$	31,039	Other assets
Credit risk participation agreements	26,213		3		Other liabilities	—		—		N/A
Mortgage banking derivatives	—		—		N/A	6,963		93		Other assets
Total	$	622,058	$	30,662		$	402,987	$	31,132
Derivatives not designated as hedging instruments in a liability position
Interest rate product	$	595,845	$	32,341	Other liabilities	$	396,024	$	30,065	Other liabilities
Credit risk participation agreements	—		—		N/A	25,902		2		Other liabilities
Total	$	595,845	$	32,341		$	421,926	$	30,067

Schedule of the Effect of Derivative Financial Instruments on the Consolidated Statements of Operations

The table below presents the effect of the Company's derivative financial instruments on the consolidated statements of income for the three and six months ended June 30, 2023 and 2022:

The Effect of Derivatives Not Designated as Hedging Instruments in the Consolidated Statements of Income
		Amount of Gain (Loss) Recognized in Income on Derivatives
	Location of Gain (Loss) Recognized in Income on Derivatives	Three Months Ended June 30,				Six Months Ended June 30,
(dollars in thousands)		2023		2022		2023		2022
Interest rate products	Other income / (other expense)	$	1,058	$	334	$	708	$	585
Mortgage banking derivatives	Gain on sale of loans	(29)		(299)		(93)		(529)
Other contracts	Other income / (other expense)	—		—		—		—
Total		$	1,029	$	35	$	615	$	56