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Derivative Financial Instruments (Tables)
12 Months Ended
Dec. 31, 2022
Derivative Instruments and Hedging Activities Disclosure [Abstract]  
Summary of Fair Value of Derivative Financial Instruments and Classification on the Balance Sheet
The following table summarizes the Corporation's derivatives designated as hedges:

Asset DerivativesLiability Derivatives
December 31, 2022December 31, 2021December 31, 2022December 31, 2021
Balance
Sheet
Location
Fair
Value
Balance
Sheet
Location
Fair
Value
Balance
Sheet
Location
Fair
Value
Balance
Sheet
Location
Fair
Value
Cash flow hedges:
Interest rate swaps on borrowingsOther Assets$164 Other Assets$— Other Liabilities$— Other Liabilities$835 
The table below presents the fair value of the Corporation’s non-designated hedges, as well as their classification on the Balance Sheet, as of December 31, 2022, and December 31, 2021.

December 31, 2022December 31, 2021
Notional AmountFair ValueNotional AmountFair Value
Included in other assets:
Interest rate swaps$1,184,866 $92,652 $1,038,947 $41,133 
Forward contracts related to mortgage loans to be delivered for sale14,406188
Interest rate lock commitments5,04932
Included in other assets$1,204,321 $92,872 $1,038,947 $41,133 
Included in other liabilities:
Interest rate swaps$1,184,866 $92,652 $1,038,947 $41,133 
Forward contracts related to mortgage loans to be delivered for sale4,48363
Interest rate lock commitments7,54955
Included in other liabilities$1,196,898 $92,770 $1,038,947 $41,133 
Summary of Amount of Loss Recognized in Other Comprehensive Income
The amount of gain (loss) recognized in other comprehensive income is included in the table below for the periods indicated.
Derivatives in Cash Flow Hedging RelationshipsAmount of Gain (Loss) Recognized in Other Comprehensive Income on Derivative
 (Effective Portion)
For the Year Ended December 31,
20222021
Interest rate products$479 $138 
Summary of Effect of Derivative Financial Instruments on the Income Statement
The amount of loss reclassified from other comprehensive income into income related to cash flow hedging relationships is included in the table below for the years ended December 31, 2022, 2021 and 2020.
Derivatives Designated as Hedging
Instruments under
FASB ASC 815-10
Location of Gain (Loss) Reclassified from Accumulated Other Comprehensive Income (Effective Portion)Amount of Gain (Loss) Reclassified from Other Comprehensive Income into Income (Effective Portion)
202220212020
Interest rate contractsInterest expense$(521)$(1,044)$(906)
The amount of gain (loss) recognized into income related to non-designated hedging instruments is included in the table below for the periods indicated.
Derivatives Not
Designated as Hedging
Instruments under
FASB ASC 815-10
Location of Gain
Recognized in
Income on Derivative
Amount of Gain Recognized in Income on Derivative
202220212020
Forward contracts related to mortgage loans to be delivered for saleNet gains and fees on sales of loans$1,112 $— $— 
Interest rate lock commitmentsNet gains and fees on sales of loans71 — — 
Total net gain recognized in income$1,183 $— $—