Derivatives and Balance Sheet Offsetting (Tables)

9 Months Ended

Sep. 30, 2022

Derivative [Line Items]

Schedule of Derivative Instruments in Statement of Financial Position, Fair Value

The following table presents the fair value of derivatives, as well as their classification on the Consolidated Balance Sheet as of the dates presented:

	Asset Derivatives						Liability Derivatives
	September 30, 2022			December 31, 2021			September 30, 2022			December 31, 2021
	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	$	—	Other assets	$	356	Other liabilities	$	62	Other liabilities	$	—
Interest rate forward loan sales contracts	Other assets	$	119	Other assets	$	—	Other liabilities	$	—	Other liabilities	$	27
Interest rate swap contracts	Other assets	$	43,574	Other assets	$	24,257	Other liabilities	$	43,574	Other liabilities	$	24,257

Schedule of Cash Flow Hedges Included in Accumulated Other Comprehensive Income (Loss) [Table Text Block]

The table below presents the effect of cash flow hedge accounting on accumulated other comprehensive income (loss) for the periods indicated:

	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
		Three Months Ended September 30,
		2022		2021
		(in thousands)
Interest rate collar	Interest income	$	2,631	$	2,631
		Nine Months Ended September 30,
		2022		2021
		(in thousands)
Interest rate collar	Interest income	$	7,809	$	7,809

Derivative Instruments, Gain (Loss)

The following table summarizes the types of derivatives not designated as hedging instruments and the gains (losses) recorded during the periods indicated:

	Three Months Ended September 30,				Nine Months Ended September 30,
	2022		2021		2022		2021
	(in thousands)
Interest rate lock commitments	$	(152)	$	(103)	$	(418)	$	(614)
Interest rate forward loan sales contracts	139		(57)		146		86
Interest rate swap contracts	—		(22)		—		50
Total derivative gains (losses)	$	(13)	$	(182)	$	(272)	$	(478)

Balance Sheet Offsetting [Table Text Block]

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 over-collateralization 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
September 30, 2022	(in thousands)
Assets
Interest rate swap contracts	$	43,574	$	—	$	43,574	$	(41,330)	$	2,244
Liabilities
Interest rate swap contracts	$	43,574	$	—	$	43,574	$	(180)	$	43,394
Repurchase agreements	$	48,733	$	—	$	48,733	$	(48,733)	$	—
December 31, 2021
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)	$	—

Available-for-sale Securities [Member]

Derivative [Line Items]

Carrying Value of Securities 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
September 30, 2022	(in thousands)
Class of collateral pledged for repurchase agreements
U.S. government agency and government-sponsored enterprise mortgage-backed securities and collateralized mortgage obligations	$	48,733	$	—	$	—	$	—	$	48,733
Gross amount of recognized liabilities for repurchase agreements									48,733
Amounts related to agreements not included in offsetting disclosure									$	—