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Balance Sheet Offsetting (Tables)
 3 Months Ended
Mar. 31, 2024
Text Block [Abstract]  
Schedule of Balance Sheet Offsetting

 

Gross Amounts Recognized in the Condensed

 

 

Gross Amounts Offset in the Condensed

 

 

Net Amounts Presented in the Condensed

 

 

Gross Amounts Not Offset
in the Condensed Consolidated Balance Sheets

 

 

 

 

 

Consolidated Balance Sheets

 

 

Consolidated Balance Sheets

 

 

Consolidated Balance Sheets

 

 

Financial Instruments

 

 

Collateral Pledged

 

 

Net Amount

 

 

(Dollars in thousands)

 

March 31, 2024

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Financial assets:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Derivatives not designated as
 hedging instruments:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

   Interest rate swaps

$

38

 

 

$

—

 

 

$

—

 

 

$

38

 

 

$

—

 

 

$

38

 

Derivatives designated as
 hedging instruments:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

   Fair value hedges: interest rate swaps

 

10,893

 

 

 

—

 

 

 

—

 

 

 

10,893

 

 

 

—

 

 

 

10,893

 

   Cash flow hedges: interest rate swaps

 

789

 

 

 

—

 

 

 

—

 

 

 

789

 

 

 

—

 

 

 

789

 

Total

$

11,720

 

 

$

—

 

 

$

—

 

 

$

11,720

 

 

$

—

 

 

$

11,720

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Financial liabilities:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Derivatives not designated as
 hedging instruments:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

   Interest rate swaps

$

47,507

 

 

$

(47,469

)

 

$

38

 

 

$

47,469

 

 

$

(15,827

)

 

$

31,680

 

Derivatives designated as
 hedging instruments:

 

—

 

 

 

—

 

 

 

—

 

 

 

—

 

 

 

—

 

 

 

—

 

   Fair value hedges: interest rate swaps

 

—

 

 

 

—

 

 

 

—

 

 

 

—

 

 

 

—

 

 

 

—

 

   Cash flow hedges: interest rate swaps

 

—

 

 

 

—

 

 

 

—

 

 

 

—

 

 

 

—

 

 

 

—

 

Repurchase agreements

 

275,720

 

 

 

—

 

 

 

275,720

 

 

 

—

 

 

 

360,312

 

 

 

636,032

 

Total

$

323,227

 

 

$

(47,469

)

 

$

275,758

 

 

$

47,469

 

 

$

344,485

 

 

$

667,712

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

December 31, 2023

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Financial assets:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Derivatives not designated as
   hedging instruments

$

112

 

 

$

—

 

 

$

—

 

 

$

112

 

 

$

—

 

 

$

112

 

Derivatives designated as
   hedging instruments

 

—

 

 

 

—

 

 

 

—

 

 

 

—

 

 

 

—

 

 

 

—

 

Total

$

112

 

 

$

—

 

 

$

—

 

 

$

112

 

 

$

—

 

 

$

112

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Financial liabilities:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Derivatives not designated as
   hedging instruments

$

42,613

 

 

$

(42,501

)

 

$

112

 

 

$

42,501

 

 

$

(11,659

)

 

$

30,954

 

Derivatives designated as
   hedging instruments

 

6,938

 

 

 

—

 

 

 

—

 

 

 

6,938

 

 

 

—

 

 

 

6,938

 

Repurchase agreements

 

271,642

 

 

 

—

 

 

 

271,642

 

 

 

—

 

 

 

362,505

 

 

 

634,147

 

Total

$

321,193

 

 

$

(42,501

)

 

$

271,754

 

 

$

49,439

 

 

$

350,846

 

 

$

672,039