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Derivatives (Tables)
12 Months Ended
Dec. 31, 2024
Derivative Instruments and Hedging Activities Disclosure [Abstract]  
Summary Of Types Of Derivatives, Separately By Assets And Liabilities And Fair Value Of Derivatives The following table summarizes the types of derivatives, separately by assets and liabilities, and the fair values of such derivatives as of the dates presented:
 (in thousands)Asset DerivativesLiability Derivatives
Derivatives not designated as hedging instrumentDecember 31, 2024December 31, 2023December 31, 2024December 31, 2023
Interest rate lock commitments$16 $— $32 $137 
Interest rate futures— 3,745 3,033 — 
Interest rate forward sales commitments695 74 535 
Interest rate swaps107,385 33,874 277,042 260,064 
Foreign currency derivatives542 457 438 355 
Total derivative assets and liabilities$108,638 $38,085 $280,619 $261,091 
Summary Of Types Of Derivatives And Gains (Losses) Recorded The following table summarizes the types of derivatives and the gains (losses) recorded for the years ended December 31, 2024, 2023, and 2022:
(in thousands)
Derivatives not designated as hedging instrument202420232022
Interest rate lock commitments$121 $(169)$(4,609)
Interest rate futures(8,603)(4,693)(14,476)
Interest rate forward sales commitments923 33 47,689 
Interest rate swaps1,667 (4,597)16,249 
Foreign currency derivatives345 141 126 
Total derivative (losses) gains$(5,547)$(9,285)$44,979 
Balance Sheet Offsetting
The following table shows the gross interest rate swaps in the Consolidated Balance Sheets and the respective collateral received or pledged in the form of cash or other financial instruments. The collateral amounts are limited to the outstanding balances of the related asset or liability. Therefore, instances of over collateralization are not shown.
Gross Amounts Not Offset in the Statement of Financial Position
(in thousands)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
Financial InstrumentsCollateral Received/PostedNet Amount
December 31, 2024
Derivative Assets
Interest rate swaps$107,385 $— $107,385 $6,516 $96,909 $3,960 
Derivative Liabilities
Interest rate swaps$277,042 $— $277,042 $6,516 $— $270,526