Derivatives and Hedging (Tables)

3 Months Ended

Mar. 31, 2023

Derivatives and Hedging [Abstract]

Schedule of Derivative Instruments

Asset Derivatives

Liability Derivatives

Statement of

Financial

Condition

March 31, 

December 31, 

Statement of

Financial

Condition

March 31, 

December 31, 

Location

2023

2022

Location

2023

2022

(Dollars in thousands)

Interest rate products:

Derivatives

designated as hedging

instruments

Other assets

$

-

$

-

Interest payable

and other

liabilities

$

3,883

$

5,403

Derivatives not

designated as hedging

instruments

Other assets

7,907

11,038

Interest payable

and other

liabilities

7,908

11,039

Total

$

7,907

$

11,038

$

11,791

$

16,442

Schedule of Cash Flow Hedge on Accumulated Other Comprehensive Income

For the Three Months Ended

For the Three Months Ended

March 31, 2023

March 31, 2022

Location of

Gain or (Loss)

Recognized

from

Accumulated

Other

Comprehensive

Income into

Income

Gain or

(Loss)

Recognized

in OCI on

Derivative

Gain or

(Loss)

Recognized

in OCI

Included

Component

Gain or

(Loss)

Recognized

in OCI

Excluded

Component

Gain or

(Loss)

Recognized

in OCI on

Derivative

Gain or

(Loss)

Recognized

in OCI

Included

Component

Gain or

(Loss)

Recognized

in OCI

Excluded

Component

(Dollars in thousands)

Derivatives in Cash Flow Hedging Relationships:

Interest Rate Products

Interest Expense

1,540

1,540

-

2,655

2,655

-

Total

$

1,540

$

1,540

$

-

$

2,655

$

2,655

$

-