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DERIVATIVE FINANCIAL INSTRUMENTS (Tables)
3 Months Ended
Mar. 31, 2023
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
 March 31, 2023December 31, 2022March 31, 2023December 31, 2022
 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$112 Other Assets$164 Other Liabilities$— Other Liabilities$— 
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 March 31, 2023, and December 31, 2022.

March 31, 2023December 31, 2022
Notional AmountFair ValueNotional AmountFair Value
Included in other assets:
Interest rate swaps$1,279,225 $73,757 $1,184,866 $92,652 
Forward contracts related to mortgage loans to be delivered for sale8,35630514,406188
Interest rate lock commitments22,7851715,04932
Included in other assets$1,310,366 $74,233 $1,204,321 $92,872 
Included in other liabilities:
Interest rate swaps$1,279,225 $73,757 $1,184,866 $92,652 
Forward contracts related to mortgage loans to be delivered for sale22,6011494,48363
Interest rate lock commitments2,19587,54955
Included in other liabilities$1,304,021 $73,914 $1,196,898 $92,770 
Summary of Amount of Loss Recognized in Other Comprehensive Income (Loss)
The amount of gain (loss) recognized in other comprehensive income (loss) is included in the table below for the periods indicated.
Derivatives in Cash Flow Hedging RelationshipsAmount of Gain (Loss) Recognized in Other Comprehensive Income (Loss) on Derivatives
 (Effective Portion)
Three Months Ended
March 31, 2023March 31, 2022
Interest Rate Products$(51)$303 
Summary of Effect of Derivative Financial Instruments on the Income Statement
The amount of gain (loss) reclassified from other comprehensive income (loss) into income related to cash flow hedging relationships is included in the table below for the periods indicated.
Derivatives Designated as
Hedging Instruments
Location of Gain (Loss)
Recognized Income on
Derivative
Amount of Gain (Loss) Reclassed from Other Comprehensive Income (Loss) into Income (Effective Portion)
Three Months Ended
March 31, 2023
Three Months Ended
March 31, 2022
Interest rate contractsInterest Expense$$(241)
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
Location of Gain (Loss)
Recognized Income on
Derivative
Amount of Gain (Loss)
Recognized Income on
Derivative
Three Months Ended
March 31, 2023
Three Months Ended
March 31, 2022
Forward contracts related to mortgage loans to be delivered for saleNet gains and fees on sales of loans$(46)$— 
Interest rate lock commitmentsNet gains and fees on sales of loans227 — 
Total net gain/(loss) recognized in income$181 $—