Derivatives and Balance Sheet Offsetting (Tables)

12 Months Ended

Dec. 31, 2022

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, 2022 and 2021:

	Asset Derivatives						Liability Derivatives
	2022			2021			2022			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	$	—	Other liabilities	$	—
Interest rate forward loan sales contracts	Other assets	$	—	Other assets	$	—	Other liabilities	$	—	Other liabilities	$	27
Interest rate swap contracts	Other assets	$	40,289	Other assets	$	24,257	Other liabilities	$	40,289	Other liabilities	$	24,257

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 (loss) for the years ended December 31, 2022 and 2021:

	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,
	2022		2021			2022		2021
	(in thousands)
Interest rate collar	$	—	$	—	Interest income	$	10,441	$	10,441

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, 2022, 2021 and 2020:

	Years ended December 31,
	2022		2021		2020
	(in thousands)
Interest rate lock commitments	$	(356)	$	(740)	$	1,096
Interest rate forward loan sales contracts	27		139		(165)
Interest rate swap contracts	—		50		(452)
Total derivative gains (losses)	$	(329)	$	(551)	$	479

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, 2022	(in thousands)
Assets
Interest rate swap contracts	$	40,289	$	—	$	40,289	$	(39,450)	$	839
Liabilities
Interest rate swap contracts	$	40,289	$	—	$	40,289	$	(180)	$	40,109
Repurchase agreements	$	95,168	$	—	$	95,168	$	(95,168)	$	—
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

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, 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	$	95,168	$	—	$	—	$	—	$	95,168
Gross amount of recognized liabilities for repurchase agreements									95,168
Amounts related to agreements not included in offsetting disclosure									$	—