Derivative Instruments (Tables)

3 Months Ended

Mar. 31, 2023

Derivative Instruments and Hedging Activities Disclosure [Abstract]

Fair Value Of Derivative Instruments

The following table summarizes the notional and fair value of these derivative instruments (in thousands):

	March 31, 2023				December 31, 2022
	Notional Amount		Fair Value		Notional Amount		Fair Value
Non-hedging interest rate derivatives:
Customer counterparties:
Loan interest rate swap - assets	$	44,930	$	1,709	$	28,238	$	1,298
Loan interest rate swap - liabilities	584,633		48,121		619,150		63,758
Non-hedging interest rate derivatives:
Financial institution counterparties:
Loan interest rate swap - assets	602,633		49,383		637,150		65,217
Loan interest rate swap - liabilities	44,930		1,709		28,238		1,298

Change In Fair Value Of Derivative Instruments

The following table summarizes the change in fair value of these derivative instruments (in thousands):

	Three months ended March 31,
	2023		2022
Change in Fair Value Non-Hedging Interest Rate Derivatives:
Other income (expense) - derivative assets	$	(16,130)	$	3,076
Other (expense) income - derivative liabilities	16,130		(3,076)
Other income (expense) - derivative liabilities	(198)		577

Schedule of Fair Value Hedging Instruments, Statements of Financial Performance and Financial Position, Location

The following table summarizes the financial statement impact of these derivative instruments (in thousands):

	March 31, 2023		December 31, 2022
Investment securities available for sale, at fair value	$	(13,186)	$	(15,394)
Other assets	15,262		15,262
Cumulative adjustment to Interest and dividends on investment securities	(2,076)		132

Schedule of Derivative Assets at Fair Value

The following table summarizes the financial statement impact of these derivative instruments (in thousands):

	March 31, 2023
Gross loans	$	(221)
Other assets	208
Cumulative adjustment to Interest and fees on loans	13