XML 36 R29.htm IDEA: XBRL DOCUMENT v3.25.1

Derivative Financial Instruments (Tables)

3 Months Ended

Mar. 31, 2025

Derivative Instruments and Hedging Activities Disclosure [Abstract]

Fair Value of Derivative Instruments

As of March 31, 2025 and December 31, 2024, the notional amount, the location of the asset and liability, and their respective fair values, are summarized in the tables below.

		March 31, 2025
		Asset Derivatives										Liability Derivatives
		Notional				Balance Sheet Location		Fair Value				Notional				Balance Sheet Location		Fair Value
		(Dollars in thousands)
Derivatives not designated as hedging instruments:
Interest rate swaps		$	359,311			Other assets		$	78			$	359,311			Other liabilities		$	78
Total derivatives								$	78									$	78
Derivatives designated as hedging instruments:
Fair value hedges: interest rate swaps		$	700,000			Other assets		$	—			$	—			Other liabilities		$	1,095
Cash flow hedges: interest rate swaps			—			Other assets			—				300,000			Other liabilities			2,257
Total								$	—									$	3,352

		December 31, 2024
		Asset Derivatives										Liability Derivatives
		Notional				Balance Sheet Location		Fair Value				Notional				Balance Sheet Location		Fair Value
		(Dollars in thousands)
Derivatives not designated as hedging instruments:
Interest rate swaps		$	363,440			Other assets		$	30			$	363,440			Other liabilities		$	30
Total derivatives								$	30									$	30
Derivatives designated as hedging instruments:
Fair value hedges: interest rate swaps		$	700,000			Other assets		$	7,222			$	—			Other liabilities		$	—
Cash flow hedges: interest rate swaps			—			Other assets			—				300,000			Other liabilities			517
Total								$	7,222									$	517

Effect of Derivative Instruments on Consolidated Statement of Earnings

The following table summarizes the effect of derivative financial instruments on the condensed consolidated statements of earnings for the periods presented.

		Location of Gain Recognized in Income on Derivative Instruments		Amount of Gain Recognized in Income on Derivative Instruments
				Three Months Ended March 31,
				2025				2024
				(Dollars in thousands)
Derivatives Not Designated as Hedging Instruments:
Interest rate swaps		Other income		$	—			$	—
Total				$	—			$	—

		Location of Gain Recognized in Income on Derivative Instruments		Amount of Gains (Losses) Recognized in Interest Income on Derivative Instruments								OCI Impact on Derivatives-Gains (Losses) recorded in OCI
				Three Months Ended March 31,								Three Months Ended March 31,
				2025				2024				2025				2024
				(Dollars in thousands)								(Dollars in thousands)
Derivatives Designated as Hedging Instruments:
Fair value hedges: interest rate swaps		Interest income		$	1,052			$	3,687			$	(781	)		$	12,869
Cash flow hedges: interest rate swaps		Interest expense			168				178				(1,590	)			556
Total				$	1,220			$	3,865			$	(2,371	)		$	13,425

X

- References

No definition available.

+ Details

Name:	us-gaap_DerivativeInstrumentsAndHedgingActivitiesDisclosureAbstract
Namespace Prefix:	us-gaap_
Data Type:	xbrli:stringItemType
Balance Type:	na
Period Type:	duration

X

- Definition

Tabular disclosure of the location and amount of derivative instruments and nonderivative instruments designated as hedging instruments reported before netting adjustments, and the amount of gain (loss) on derivative instruments and nonderivative instruments designated and qualified as hedging instruments.

+ References

Reference 1: http://www.xbrl.org/2003/role/disclosureRef
-Topic 815
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 4E
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147480434/815-10-50-4E

Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef
-Name Accounting Standards Codification
-Topic 815
-SubTopic 10
-Section 50
-Paragraph 4C
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147480434/815-10-50-4C

Reference 3: http://fasb.org/us-gaap/role/ref/legacyRef
-Name Accounting Standards Codification
-Topic 815
-SubTopic 10
-Section 50
-Paragraph 4A
-Subparagraph (b)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147480434/815-10-50-4A

+ Details

Name:	us-gaap_ScheduleOfDerivativeInstrumentsGainLossInStatementOfFinancialPerformanceTextBlock
Namespace Prefix:	us-gaap_
Data Type:	dtr-types:textBlockItemType
Balance Type:	na
Period Type:	duration

X

- Definition

Tabular disclosure of the location and fair value amounts of derivative instruments (and nonderivative instruments that are designated and qualify as hedging instruments) reported in the statement of financial position.

+ References

Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
-Name Accounting Standards Codification
-Topic 815
-SubTopic 10
-Section 50
-Paragraph 4B
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147480434/815-10-50-4B

+ Details

Name:	us-gaap_ScheduleOfDerivativeInstrumentsInStatementOfFinancialPositionFairValueTextBlock
Namespace Prefix:	us-gaap_
Data Type:	dtr-types:textBlockItemType
Balance Type:	na
Period Type:	duration