Derivative Financial Instruments (Tables)

9 Months Ended

Sep. 30, 2023

Derivative Instruments and Hedging Activities Disclosure [Abstract]

Schedule of amounts of non-hedging derivative financial instruments

The following table shows the amounts of non-hedging derivative financial instruments.

			Asset derivatives			Liability derivatives
(Dollars in thousands)	Notional or contractual amount		Statement of Financial Condition classification	Fair value		Statement of Financial Condition classification	Fair value
September 30, 2023
Interest rate swap contracts	$	950,362	Other assets	$	27,021	Other liabilities	$	27,531
Loan commitments	4,388		Mortgages held for sale	143		N/A	—
Forward contracts - mortgage loan	6,250		Mortgages held for sale	36		N/A	—
Total	$	961,000		$	27,200		$	27,531
December 31, 2022
Interest rate swap contracts	$	881,600	Other assets	$	24,838	Other liabilities	$	25,307
Loan commitments	2,638		Mortgages held for sale	67		N/A	—
Forward contracts - mortgage loan	3,750		Mortgages held for sale	24		N/A	—
Total	$	887,988		$	24,929		$	25,307

Schedule of amounts included in the consolidated statements of income for non-hedging derivative financial instruments

The following table shows the amounts included in the Consolidated Statements of Income for non-hedging derivative financial instruments.

		Gain (loss)
		Three Months Ended September 30,				Nine Months Ended September 30,
(Dollars in thousands)	Statement of Income classification	2023		2022		2023		2022
Interest rate swap contracts	Other expense	$	(42)	$	(252)	$	(41)	$	(69)
Interest rate swap contracts	Other income	475		83		766		83
Loan commitments	Mortgage banking	(14)		(197)		76		(424)
Forward contracts - mortgage loan	Mortgage banking	8		83		12		93
Total		$	427	$	(283)	$	813	$	(317)

Schedule of offsetting of financial assets and derivative assets

The following table shows the offsetting of financial assets and derivative assets.

							Gross Amounts Not Offset in the Statement of Financial Condition
(Dollars in thousands)	Gross Amounts of Recognized Assets		Gross Amounts Offset in the Statement of Financial Condition		Net Amounts of Assets Presented in the Statement of Financial Condition		Financial Instruments		Cash Collateral Received		Net Amount
September 30, 2023
Interest rate swaps	$	27,021	$	—	$	27,021	$	—	$	28,555	$	(1,534)
December 31, 2022
Interest rate swaps	$	24,838	$	—	$	24,838	$	—	$	25,295	$	(457)

Schedule of offsetting of financial liabilities and derivative liabilities

The following table shows the offsetting of financial liabilities and derivative liabilities.

							Gross Amounts Not Offset in the Statement of Financial Condition
(Dollars in thousands)	Gross Amounts of Recognized Liabilities		Gross Amounts Offset in the Statement of Financial Condition		Net Amounts of Liabilities Presented in the Statement of Financial Condition		Financial Instruments		Cash Collateral Pledged		Net Amount
September 30, 2023
Interest rate swaps	$	27,531	$	—	$	27,531	$	—	$	—	$	27,531
Repurchase agreements	48,335		—		48,335		48,335		—		—
Total	$	75,866	$	—	$	75,866	$	48,335	$	—	$	27,531
December 31, 2022
Interest rate swaps	$	25,307	$	—	$	25,307	$	—	$	—	$	25,307
Repurchase agreements	141,432		—		141,432		141,432		—		—
Total	$	166,739	$	—	$	166,739	$	141,432	$	—	$	25,307