Derivatives (Tables)

3 Months Ended

Mar. 31, 2022

Derivative Instruments and Hedging Activities Disclosure [Abstract]

Credit Value Adjustment Recorded Related to Notional Amount Of Derivatives Outstanding

The following table depicts the credit value and fair value adjustments recorded related to the notional amount of derivatives outstanding as well as the notional amount of risk participation agreements participated to other banks:

	March 31, 2022		December 31, 2021
	(dollars in thousands)
Derivatives not Designated as Hedging Instruments
Credit value adjustment	$	(48)	$	(395)
Notional amount:
Interest rate derivatives	672,534		708,759
Interest rate caps	65,823		66,007
Interest rate collars	35,354		35,354
Risk participation agreements	240,122		241,111
Sold credit protection on risk participation agreements	(77,114)		(95,618)
Interest rate options	38,612		29,691
Derivatives Designated as Hedging Instruments
Interest rate swaps:
Fair value adjustment	(24,948)		(7,022)
Notional amount	570,000		570,000
Interest rate forwards:
Fair value adjustment	837		(29)
Notional amount	41,000		38,000
Foreign exchange forwards:
Fair value adjustment	11		12
Notional amount	1,425		1,982

Schedule of Changes in Fair Value of Derivative Assets and Liabilities

The table below presents the change in the fair value of derivative assets and derivative liabilities attributable to credit risk or fair value changes included in "Other income," 'Other expense," "Interest on subordinated debentures" or "Interest and fees on loans" in the unaudited Consolidated Statements of Income:

		For the Three Months Ended March 31,
		2022		2021
	(dollars in thousands)
Non-hedging interest rate derivatives
(Decrease) increase in other income		$	(848)	$	336
Hedging interest rate derivatives
Increase in interest and fees on loans		755		—
Increase in interest from subordinated debentures		224		226
Hedging interest rate forwards
Decrease in other income		(865)		(1,042)
Hedging foreign exchange forwards
Increase in other expense		1		2