Derivatives and Hedging Activities (Tables)

9 Months Ended

Sep. 30, 2025

Derivative Instruments and Hedging Activities Disclosure [Abstract]

Schedule of Hedged Forecasted Transaction Affects Earnings

The following table reflects the Company's derivative positions as of the date indicated below for interest rate derivatives which qualify as cash flow hedges for accounting purposes.


	At September 30, 2025
	Notional Amount		Average Maturity	Weighted Average Rate				Fair Value
				Current Rate Paid		Received Fixed Swap Rate
	(in thousands)		(in years)					(in thousands)
Interest rate swaps on loans	$	216,667	1.15	4.30	%	3.42	%	$	(388)


	At December 31, 2024
	Notional Amount		Average Maturity	Weighted Average Rate				Fair Value
				Current Rate Paid		Received Fixed Swap Rate
	(in thousands)		(in years)					(in thousands)
Interest rate swaps on loans	$	225,000	1.90	4.53	%	3.39	%	$	(2,033)

Schedule of Customer Related Derivative Positions

The following tables present the Company's customer related derivative positions for the periods indicated below for those derivatives not designated as hedging.


	Notional Amount Maturing
	Number of Positions	Less than 1 year		Less than 2 years		Less than 3 years		Less than 4 years		Thereafter		Total		Fair Value
	September 30, 2025
	(Dollars In Thousands)
Loan level derivatives
Receive fixed, pay variable	314	$	372,806	$	339,441	$	370,947	$597,025		$	1,858,861	$	3,539,080	$	57,253
Pay fixed, receive variable	315	372,806		339,441		370,947		597,025		1,863,448		3,543,667		57,078
Risk participation-out agreements	88	47,231		58,564		41,607		2,926		498,000		648,328		723
Risk participation-in agreements	26	—		33,560		33,774		8,292		93,529		169,155		206

Foreign exchange contracts
Buys foreign currency, sells U.S. currency	14	$	3,385	$	—	$	—	$	—	$	—	$	3,385	$	407
Sells foreign currency, buys U.S. currency	14	3,701		—		—		—		—		3,701		381


	Notional Amount Maturing
	Number of Positions	Less than 1 year		Less than 2 years		Less than 3 years		Less than 4 years		Thereafter		Total		Fair Value
	December 31, 2024
	(Dollars In Thousands)
Loan level derivatives
Receive fixed, pay variable	149	$	153,724	$	57,535	$	237,601	$	93,027	$	1,131,061	$	1,672,948	$	95,720
Pay fixed, receive variable	149	153,724		57,535		237,601		93,027		1,131,061		1,672,948		95,720
Risk participation-out agreements	68	33,305		5,847		59,464		52,828		388,287		539,731		495
Risk participation-in agreements	10	—		22,518		3,506		25,346		50,828		102,198		137

Foreign exchange contracts
Buys foreign currency, sells U.S. currency	26	$	5,849	$	—	$	—	$	—	$	—	$	5,849	$	459
Sells foreign currency, buys U.S. currency	24	5,408		—		—		—		—		5,408		482

Schedule of Offsetting Derivatives and Amounts Subject to Master Netting Agreements Not Offset in the Audited Consolidated Balance Sheet

The tables below present the offsetting of derivatives and amounts subject to master netting agreements not offset in the unaudited consolidated balance sheet at the dates indicated.


	At September 30, 2025
	Gross Amounts Recognized		Gross Amounts Offset in the Statement of Financial Position		Net Amounts Presented in the Statement of Financial Position		Gross Amounts Not Offset in the Statement of Financial Position				Net Amount
							Financial Instruments Pledged		Cash Collateral Pledged
	(In Thousands)
Asset derivatives
Derivatives designated as hedging instruments:
Interest rate derivatives	$	164	$	—	$	164	$	—	$	—	$	164
Derivatives not designated as hedging instruments:
Loan level derivatives	$	106,222	$	—	$	106,222	$	—	$	40,313	$	65,909
Risk participation-out agreements	723		—		723		—		—		723
Foreign exchange contracts	407		—		407		—		—		407
Total	$	107,516	$	—	$	107,516	$	—	$	40,313	$	67,203

Liability derivatives
Derivatives designated as hedging instruments:
Interest rate derivatives	$	512	$	—	$	512	$	—	$	—	$	512
Derivatives not designated as hedging instruments:
Loan level derivatives	$	120,893	$	—	$	120,893	$	—	$	1,180	$	119,713
Risk participation-in agreements	206		—		206		—		—		206
Foreign exchange contracts	381		—		381		—		—		381
Total	$	121,992	$	—	$	121,992	$	—	$	1,180	$	120,812


	At December 31, 2024
	Gross Amounts Recognized		Gross Amounts Offset in the Statement of Financial Position		Net Amounts Presented in the Statement of Financial Position		Gross Amounts Not Offset in the Statement of Financial Position				Net Amount
							Financial Instruments Pledged		Cash Collateral Pledged
	(In Thousands)
Asset derivatives
Derivatives designated as hedging instruments:
Interest rate derivatives	$	18	$	—	$	18	$	—	$	—	$	18
Derivatives not designated as hedging instruments:
Loan level derivatives	$	102,608	$	—	$	102,608	$	—	$	79,592	$	23,016
Risk participation-out agreements	495		—		495		—		—		495
Foreign exchange contracts	482		—		482		—		—		482
Total	$	103,603	$	—	$	103,603	$	—	$	79,592	$	24,011

Liability derivatives
Derivatives designated as hedging instruments:
Interest rate derivatives	$	2,051	$	—	$	2,051	$	—	$	—	$	2,051
Derivatives not designated as hedging instruments:
Loan level derivatives	$	102,608	$	—	$	102,608	$	—	$	870	$	101,738
Risk participation-in agreements	137		—		137		—		—		137
Foreign exchange contracts	459		—		459		—		—		459
Total	$	105,255	$	—	$	105,255	$	—	$	870	$	104,385

Schedule of Gain (Loss) of Derivatives

The Company has agreements with certain of its derivative counterparties that contain credit-risk-related contingent provisions. These provisions provide the counterparty with the right to terminate its derivative positions and require the Company to settle its obligations under the agreements if the Company defaults on certain of its indebtedness or if the Company fails to maintain its status as a well-capitalized institution.


	Fair Value
	Nine Months Ended September 30, 2025		Nine Months Ended September 30, 2024
	(Dollars in Thousands)

Derivatives designated as hedges	$	(348)	$	(477)
(Loss) gain in OCI on derivatives (effective portion), net of tax	$	(137)	$	(107)
Gain (loss) reclassified from OCI into interest income or interest expense (effective portion)	$	(1,593)	$	(3,296)