Derivative Instruments (Tables)

6 Months Ended

Jun. 30, 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):

	June 30, 2023				December 31, 2022
	Notional Amount		Fair Value		Notional Amount		Fair Value
Non-hedging interest rate derivatives:
Customer counterparties:
Loan interest rate swap - assets	$	27,463	$	1,458	$	28,238	$	1,298
Loan interest rate swap - liabilities	586,928		57,812		619,150		63,758
Non-hedging interest rate derivatives:
Financial institution counterparties:
Loan interest rate swap - assets	604,928		59,204		637,150		65,217
Loan interest rate swap - liabilities	27,463		1,458		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 June 30,				Six months ended June 30,
	2023		2022		2023		2022
Change in Fair Value Non-Hedging Interest Rate Derivatives:
Other income (expense) - derivative assets	$	10,653	$	15,448	$	(5,477)	$	18,524
Other (expense) income - derivative liabilities	(10,653)		(15,448)		5,477		(18,524)
Other income (expense) - derivative liabilities	131		311		(67)		888

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):

	June 30, 2023		December 31, 2022
Investment securities available for sale, at fair value	$	(14,429)	$	(15,394)
Other assets	14,384		15,262
Cumulative adjustment to Interest and dividends on investment securities	45		132

Schedule of Derivative Assets at Fair Value

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

	June 30, 2023
Gross loans	$	(2,066)
Other assets	2,050
Cumulative adjustment to Interest and fees on loans	16