Derivatives and Balance Sheet Offsetting (Tables)

12 Months Ended

Dec. 31, 2021

Derivative [Line Items]

Schedule of Fair Value Derivative Instruments

The following table presents the fair value of derivatives, as well as their classification on the Balance Sheet at December 31, 2021 and 2020:

	Asset Derivatives						Liability Derivatives
	2021			2020			2021			2020
	Balance Sheet Location	Fair Value		Balance Sheet Location	Fair Value		Balance Sheet Location	Fair Value		Balance Sheet Location	Fair Value
		(in thousands)
Derivatives not designated as hedging instruments:
Interest rate lock commitments	Other assets	$	356	Other assets	$	1,096	Other liabilities	$	—	Other liabilities	$	—
Interest rate forward loan sales contracts	Other assets	$	—	Other assets	$	—	Other liabilities	$	27	Other liabilities	$	165
Interest rate swap contracts	Other assets	$	24,257	Other assets	$	46,184	Other liabilities	$	24,257	Other liabilities	$	46,637

Schedule of Cash Flow Hedges Included in Accumulated Other Comprehensive Income (Loss)

The table below presents the effect of cash flow hedge accounting on accumulated other comprehensive income for the years ended December 31, 2021 and 2020:

	Amount of Gain or (Loss) Recognized in Accumulated Other Comprehensive Income on Derivative				Location of Gain or (Loss) Reclassified from Accumulated Other Comprehensive Income into Income	Amount of Gain or (Loss) Reclassified from Accumulated Other Comprehensive Income into Income
	Years Ended December 31,					Years Ended December 31,
	2021		2020			2021		2020
	(in thousands)
Interest rate collar	$	—	$	26,074	Interest income	$	10,441	$	8,418

Derivative Instruments not designated as hedging, Gain (Loss)

The following table summarizes the types of derivatives not designated as hedging instruments and the gains (losses) recorded during the years ended December 31, 2021, 2020 and 2019:

	Years ended December 31,
	2021		2020		2019
	(in thousands)
Interest rate lock commitments	$	(740)	$	1,096	$	—
Interest rate forward loan sales contracts	139		(165)		—
Interest rate swap contracts	50		(452)		(1)
Total derivative gains (losses)	$	(551)	$	479	$	(1)

Balance Sheet Offsetting

The following tables show the gross interest rate swap contracts, collar agreements and repurchase agreements in the Consolidated Balance Sheets and the respective collateral received or pledged in the form of cash or other financial instruments. The collateral amounts in these tables are limited to the outstanding balances of the related asset or liability. Therefore, instances of overcollateralization are not shown.

	Gross Amounts of Recognized Assets/Liabilities		Gross Amounts Offset in the Consolidated Balance Sheets		Net Amounts of Assets/Liabilities Presented in the Consolidated Balance Sheets		Gross Amounts Not Offset in the Consolidated Balance Sheets
							Collateral Pledged/Received		Net Amount
December 31, 2021	(in thousands)
Assets
Interest rate swap contracts	$	24,257	$	—	$	24,257	$	(450)	$	23,807
Liabilities
Interest rate swap contracts	$	24,257	$	—	$	24,257	$	(20,747)	$	3,510
Repurchase agreements	$	86,013	$	—	$	86,013	$	(86,013)	$	—
December 31, 2020
Assets
Interest rate swap contracts	$	46,184	$	—	$	46,184	$	—	$	46,184
Liabilities
Interest rate swap contracts	$	46,637	$	—	$	46,637	$	(46,637)	$	—
Repurchase agreements	$	73,859	$	—	$	73,859	$	(73,859)	$	—

Available-for-sale Securities

Derivative [Line Items]

Schedule of Financial Instruments Owned and Pledged as Collateral

The following table presents the class of collateral pledged for repurchase agreements as well as the remaining contractual maturity of the repurchase agreements:

	Remaining contractual maturity of the agreements
	Overnight and continuous		Up to 30 days		30 - 90 days		Greater than 90 days		Total
December 31, 2021	(in thousands)
Class of collateral pledged for repurchase agreements
U.S. government agency and government-sponsored enterprise mortgage-backed securities and collateralized mortgage obligations	$	86,013	$	—	$	—	$	—	$	86,013
Gross amount of recognized liabilities for repurchase agreements									86,013
Amounts related to agreements not included in offsetting disclosure									$	—