Derivatives (Tables)

12 Months Ended

Dec. 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 adjustment recorded relative to the notional amount of derivatives outstanding as well as the notional amount of risk participation agreements participated to other banks at December 31:

	2022		2021
	(dollars in thousands)
Derivatives not Designated as Hedging Instruments
Credit value adjustment	$	(27)	$	(395)
Notional Amount:
Interest rate derivatives	816,745		708,759
Interest rate caps	15,340		66,007
Interest rate collars	35,354		35,354
Risk participation agreements	256,043		241,111
Sold credit protection on risk participation agreements	(100,741)		(95,618)
Interest rate options	12,009		29,691
Derivatives Designated as Hedging Instruments
Interest rate swaps:
Fair value adjustment	(38,596)		(7,022)
Notional Amount	570,000		570,000
Interest rate forwards:
Fair value adjustment	63		(29)
Notional Amount	16,000		38,000
Foreign exchange forwards:
Fair value adjustment	—		12
Notional Amount	—		1,982

Schedule of Change in Fair Value of Derivative Assets and Liabilities

The table below presents the amount representing the change in the fair value of derivative assets and derivative liabilities attributable to credit risk included in “Other income” on the Consolidated Statements of Income for the years ended December 31:

	2022		2021		2020
	(dollars in thousands)
Non-hedging interest rate derivatives:
(Decrease) increase in other income	$	(363)	$	728	$	(981)
Hedging interest rate derivatives:
(Decrease) increase in interest and fees on loans	(5,125)		1,567		—
(Decrease) increase in interest from subordinated debentures	(283)		959		449
Hedging interest rate forwards:
(Decrease) increase in other income	(92)		(454)		420
Hedging interest rate derivatives:
Increase in other expense	5		11		18