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DERIVATIVE FINANCIAL INSTRUMENTS (Tables)
12 Months Ended
Dec. 31, 2023
Derivative Instruments and Hedging Activities Disclosure [Abstract]  
Schedule 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, 2023December 31, 2022December 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$— 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 December 31, 2023, and December 31, 2022.

December 31, 2023December 31, 2022
Notional AmountFair ValueNotional AmountFair Value
Included in other assets:
Interest rate swaps$1,355,947 $78,743 $1,184,866 $92,652 
Forward contracts related to mortgage loans to be delivered for sale15,16046914,406188
Interest rate lock commitments22,7061675,04932
Included in other assets$1,393,813 $79,379 $1,204,321 $92,872 
Included in other liabilities:
Interest rate swaps$1,355,947 $78,811 $1,184,866 $92,652 
Forward contracts related to mortgage loans to be delivered for sale25,2901914,48363
Interest rate lock commitments1,02567,54955
Included in other liabilities$1,382,262 $79,008 $1,196,898 $92,770 
Schedule of Amount of Loss Recognized in Other Comprehensive Income
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 Derivative
 (Effective Portion)
For the Year Ended December 31,
20232022
Interest rate products$179 $479 
Schedule of Effect of Derivative Financial Instruments on the Income Statement
The amount of loss reclassified from other comprehensive income (loss) into income related to cash flow hedging relationships is included in the table below for the years ended December 31, 2023, 2022 and 2021.

Derivatives Designated as Hedging
Instruments under
FASB ASC 815-10
Location of Gain (Loss) Reclassified from Accumulated Other Comprehensive Income (Loss) (Effective Portion)Amount of Gain (Loss) Reclassified from Other Comprehensive Income (Loss) into Income (Effective Portion)
202320222021
Interest rate contractsInterest expense$(15)$(521)$(1,044)
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
202320222021
Forward contracts related to mortgage loans to be delivered for saleNet gains and fees on sales of loans$1,138 $1,112 $— 
Interest rate lock commitmentsNet gains and fees on sales of loans185 71 — 
Total net gain recognized in income$1,323 $1,183 $—