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Derivatives (Tables)
6 Months Ended
Jun. 30, 2025
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 instrumentJune 30, 2025December 31, 2024June 30, 2025December 31, 2024
Interest rate lock commitments$478 $16 $43 $32 
Interest rate futures2,791 — — 3,033 
Interest rate forward sales commitments26 695 597 74 
Interest rate swaps88,000 107,385 200,714 277,042 
Foreign currency derivatives494 542 403 438 
Total derivative assets and liabilities$91,789 $108,638 $201,757 $280,619 
Summary Of Types Of Derivatives And Gains (Losses) Recorded The following table summarizes the types of derivatives and the gains (losses) recorded for the periods indicated:
 (in thousands)Three Months EndedSix Months Ended
Derivatives not designated as hedging instrumentJune 30, 2025June 30, 2024June 30, 2025June 30, 2024
Interest rate lock commitments$156 $(467)$450 $(314)
Interest rate futures1,831 (1,611)5,043 (5,882)
Interest rate forward sales commitments(337)467 (1,165)513 
Interest rate swaps(1,330)424 (2,824)1,621 
Foreign currency derivatives159 196 413 238 
Total derivative gains (losses)$479 $(991)$1,917 $(3,824)
Balance Sheet Offsetting
The following table shows the gross interest rate swaps in the Condensed 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 Condensed Consolidated Balance Sheets
(in thousands)Gross Amounts of Recognized Assets/Liabilities
Gross Amounts Offset in the Condensed Consolidated Balance Sheets
Net Amounts of Assets/Liabilities presented in the Condensed Consolidated Balance Sheets
Financial InstrumentsCollateral Received/PostedNet Amount
June 30, 2025
Derivative Assets
Interest rate swaps$88,000 $— $88,000 $7,031 $46,440 $34,529 
Derivative Liabilities
Interest rate swaps$200,714 $— $200,714 $7,031 $3,810 $189,873 
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