Derivatives (Tables)

6 Months Ended

Jun. 30, 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:

	June 30, 2022		December 31, 2021
	(dollars in thousands)
Derivatives not Designated as Hedging Instruments
Credit value adjustment	$	(6)	$	(395)
Notional amount:
Interest rate derivatives	701,916		708,759
Interest rate caps	15,502		66,007
Interest rate collars	35,354		35,354
Risk participation agreements	270,402		241,111
Sold credit protection on risk participation agreements	(64,644)		(95,618)
Interest rate options	35,346		29,691
Derivatives Designated as Hedging Instruments
Interest rate swaps:
Fair value adjustment	(29,693)		(7,022)
Notional amount	570,000		570,000
Interest rate forwards:
Fair value adjustment	243		(29)
Notional amount	34,000		38,000
Foreign exchange forwards:
Fair value adjustment	5		12
Notional amount	1,389		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 June 30,				For the Six Months Ended June 30,
	2022		2021		2022		2021
	(dollars in thousands)
Non-hedging interest rate derivatives
(Decrease) increase in other income	$	(256)	$	(27)	$	(1,104)	$	309
Hedging interest rate derivatives
(Decrease) increase in interest and fees on loans	(68)		305		687		305
Increase in interest from subordinated debentures	94		236		318		462
Hedging interest rate forwards
Increase (decrease) in other income	593		641		(272)		(401)
Hedging foreign exchange forwards
(Decrease) increase in other expense	(3)		3		(2)		5