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DERIVATIVE FINANCIAL INSTRUMENTS (Tables) | 9 Months Ended
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Sep. 30, 2024
Derivative Instruments and Hedging Activities Disclosure [Abstract] |
Summary of Amount of Gain (Loss) Recognized in Other Comprehensive Income (Loss) | The amount of loss recognized in other comprehensive income (loss) is included in the table below for the periods indicated.
Derivatives in Cash Flow Hedging Relationships | Amount of Loss Recognized in Other Comprehensive Income (Loss) on Derivatives (Effective Portion)
Three Months Ended |  | Nine Months Ended
September 30, 2024 |  | September 30, 2023 |  | September 30, 2024 |  | September 30, 2023
Interest Rate Products | $ | — |  |  | $ | (66) |  |  | $ | — |  |  | $ | (179) |
Summary of Effect of Derivative Financial Instruments on the Income Statement | The amount of gain (loss) reclassified from accumulated other comprehensive loss into income related to cash flow hedging relationships is included in the tables below for the periods indicated.
Derivatives Designated as Hedging Instruments |  | Location of Gain (Loss) Recognized Income on Derivative |  | Amount of Gain Reclassed from Accumulated Other Comprehensive Loss into Income (Effective Portion)
|  | Three Months Ended September 30, 2024 |  | Three Months Ended September 30, 2023
Interest rate contracts |  | Interest Expense |  | $ | — |  |  | $ | — |
Derivatives Designated as Hedging Instruments |  | Location of Gain (Loss) Recognized Income on Derivative |  | Amount of Gain Reclassed from Accumulated Other Comprehensive Loss into Income (Effective Portion)
|  | Nine Months Ended September 30, 2024 |  | Nine Months Ended September 30, 2023
Interest rate contracts |  | Interest Expense |  | $ | — |  |  | $ | (15) |
The amount of gain (loss) recognized into income related to non-designated hedging instruments is included in the tables below for the periods indicated.
Derivatives Not Designated as Hedging Instruments |  | Location of Gain (Loss) Recognized Income on Derivative |  | Amount of Gain (Loss) Recognized into Income on Derivatives
|  |  |  | Three Months Ended September 30, 2024 |  | Three Months Ended September 30, 2023
Forward contracts related to mortgage loans to be delivered for sale |  | Net gains and fees on sales of loans |  | $ | (966) |  |  | $ | 982 |
Interest rate lock commitments |  | Net gains and fees on sales of loans |  | 30 |  |  | (100) |
Total net gain (loss) recognized in income |  |  |  | $ | (936) |  |  | $ | 882 |
Derivatives Not Designated as Hedging Instruments |  | Location of Gain (Loss) Recognized Income on Derivative |  | Amount of Gain (Loss) Recognized into Income on Derivatives
|  |  |  | Nine Months Ended September 30, 2024 |  | Nine Months Ended September 30, 2023
Forward contracts related to mortgage loans to be delivered for sale |  | Net gains and fees on sales of loans |  | $ | (573) |  |  | $ | 1,691 |
Interest rate lock commitments |  | Net gains and fees on sales of loans |  | (15) |  |  | (133) |
Total net gain/(loss) recognized in income |  |  |  | $ | (588) |  |  | $ | 1,558 |
Summary of Fair Value of Derivative Financial Instruments and Classification on the Balance Sheet | The table below presents the fair value of the Corporation’s non-designated hedges, as well as their classification on the Consolidated Condensed Balance Sheets, as of September 30, 2024, and December 31, 2023.
| September 30, 2024 |  | December 31, 2023
| Notional Amount |  | Fair Value |  | Notional Amount |  | Fair Value
Included in other assets: |  |  |  |  |  |  |
Interest rate swaps | $ | 1,333,382 |  |  | $ | 61,207 |  |  | $ | 1,355,947 |  |  | $ | 78,743 |
Forward contracts related to mortgage loans to be delivered for sale | 80,528 |  | 840 |  | 15,160 |  | 469
Interest rate lock commitments | 38,639 |  | 223 |  | 22,706 |  | 167
Included in other assets | $ | 1,452,549 |  |  | $ | 62,270 |  |  | $ | 1,393,813 |  |  | $ | 79,379 |
Included in other liabilities: |  |  |  |  |  |  |
Interest rate swaps | $ | 1,332,410 |  |  | $ | 61,248 |  |  | $ | 1,355,947 |  |  | $ | 78,811 |
Forward contracts related to mortgage loans to be delivered for sale | 16,500 |  | 61 |  | 25,290 |  | 191
Interest rate lock commitments | 28,135 |  | 77 |  | 1,025 |  | 6
Included in other liabilities | $ | 1,377,045 |  |  | $ | 61,386 |  |  | $ | 1,382,262 |  |  | $ | 79,008 |

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