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Derivative Instruments (Tables) | 9 Months Ended
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Sep. 30, 2024
Derivative Instruments and Hedging Activities Disclosure [Abstract] |
Fair Value Of Derivative Instruments | The following table summarizes the notional and fair value of these derivative instruments (in thousands):
| September 30, 2024 | December 31, 2023
| Notional Amount | Fair Value | Notional Amount | Fair Value
Non-hedging interest rate derivatives: |  |  |  |
Customer counterparties: |  |  |  |
Loan interest rate swap - assets | $ | 112,554 |  | $ | 3,100 |  | $ | 61,242 |  | $ | 2,176 |
Loan interest rate swap - liabilities | 529,727 |  | 35,282 |  | 555,693 |  | 46,402 |
Non-hedging interest rate derivatives: |  |  |  |
Financial institution counterparties: |  |  |  |
Loan interest rate swap - assets | 547,727 |  | 36,176 |  | 573,693 |  | 47,555 |
Loan interest rate swap - liabilities | 112,554 |  | 3,100 |  | 61,242 |  | 2,176 |
Change In Fair Value Of Derivative Instruments | The following table summarizes the change in fair value of these derivative instruments (in thousands):
| Three months ended September 30, | Nine months ended September 30,
2024 | 2023 | 2024 | 2023
Change in Fair Value Non-Hedging Interest Rate Derivatives: |  |  |  |
Other (expense) income - derivative assets | $ | (16,556) |  | $ | 13,565 |  | $ | (10,057) |  | $ | 8,088 |
Other income (expense) - derivative liabilities | 16,556 |  | (13,565) |  | 10,057 |  | (8,088) |
Other (expense) income - derivative liabilities | (342) |  | 132 |  | (258) |  | 65 |
Schedule of Fair Value Hedging Instruments, Statements of Financial Performance and Financial Position, Location | The following table summarizes the financial statement impact of these derivative instruments (in thousands):
| September 30, 2024 | December 31, 2023
Investment securities available for sale, at fair value | $ | (5,511) |  | $ | (10,075) |
Other assets | 5,543 |  | 10,095 |
Cumulative adjustment to Interest and dividends on investment securities | (32) |  | (20) |
Schedule of Derivative Assets at Fair Value | The following table summarizes the financial statement impact of these derivative instruments (in thousands):
| September 30, 2024
Gross loans | $ | 58 |
Other liabilities | (70) |
Cumulative adjustment to Interest and fees on loans | 12 |

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- 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
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