XML 86 R46.htm IDEA: XBRL DOCUMENT v3.22.4
Derivative Financial Instruments (Tables)
12 Months Ended
Dec. 31, 2022
Derivative Instruments and Hedging Activities Disclosure [Abstract]  
Schedule of Interest Rate Derivatives
The following table summarizes information about the interest rate swaps designated as cash flow hedges at December 31:
 (Dollars in thousands)
20222021
Notional amount$125,000 $125,000 
Weighted average pay rates2.26 %2.26 %
Weighted average receive rates4.44 %1.10 %
Weighted average maturity2.6 years3.6 years
Pre-tax changes in fair value included in AOCI5,727 (4,879)
Schedule of Cash Flow Hedges Included in Accumulated Other Comprehensive Income (Loss)
The following table presents changes in fair value recorded in AOCI and in the Consolidated Statements of Income related to the cash flow hedges for the years ended December 31:
 (Dollars in thousands)
20222021
Amount of income recognized in AOCI, pre-tax$10,606 $6,999 
Schedule of Cash Flow Hedges The following table reflects the cash flow hedges, which were included in the Consolidated Balance Sheets at fair value, at December 31:
20222021
 (Dollars in thousands)
Notional AmountFair ValueNotional AmountFair Value
Included in "Other assets":
Interest rate swaps related to debt$125,000 $5,594 $— $— 
Total included in "Other assets"$125,000 $5,594 $— $— 
Included in "Accrued expenses and other liabilities":
Interest rate swaps related to debt$— $— $125,000 $5,020 
Total included in "Accrued expenses and other liabilities"$— $— $125,000 $5,020 
Schedule of Derivatives Not Designated as Hedging Instruments The following table reflects the non-designated hedges, which were included in the Consolidated Balance Sheets at fair value, at December 31:
20222021
 (Dollars in thousands)
Notional AmountFair ValueNotional AmountFair Value
Included in "Other assets":
Interest rate swaps related to commercial loans$390,126 $28,529 $419,733 $12,163 
Total included in "Other assets"390,126 28,529 419,733 12,163 
Included in "Accrued expenses and other liabilities":
Interest rate swaps related to commercial loans$390,126 $28,529 $419,733 $12,163 
Total included in "Accrued expenses and other liabilities"390,126 28,529 419,733 12,163