XML 46 R31.htm IDEA: XBRL DOCUMENT v3.24.3
Derivatives (Tables)
 9 Months Ended
Sep. 30, 2024
Derivative Instruments and Hedging Activities Disclosure [Abstract]  
Credit Value Adjustment Recorded Related to Notional Amount Of Derivatives Outstanding
The following table depicts the credit value and fair value adjustments recorded related to the notional amount of derivatives outstanding as well as the notional amount of risk participation agreements participated to other banks:
September 30, 2024December 31, 2023
 (dollars in thousands)
Derivatives not Designated as Hedging Instruments
Interest rate derivatives:
Credit value adjustment$(154)$(13)
Notional amount:
Interest rate derivatives921,088 945,046 
Interest rate caps37,295 37,647 
Interest rate collars524 35,878 
Risk participation agreements182,869 206,325 
Sold credit protection on risk participation agreements(151,714)(121,265)
Interest rate options64,016 38,155 
Interest rate forwards:
Fair value adjustment(24)(352)
Notional amount48,000 39,000 
Derivatives Designated as Hedging Instruments
Interest rate swaps:
Fair value adjustment(12,867)(25,133)
Notional amount515,000 570,000 
Schedule of Changes in Fair Value of Derivative Assets and Liabilities
The table below presents the change in the fair value of derivative assets and derivative liabilities attributable to credit risk or fair value changes included in "Other income", "Other expense," "Interest on subordinated debentures" or "Interest and fees on loans" in the unaudited Consolidated Statements of Income:
 For the Three Months Ended September 30,For the Nine Months Ended September 30,
 2024202320242023
 (dollars in thousands)
Non-hedging interest rate derivatives
Increase (decrease) in other income$425 $(581)$721 $(178)
Non-hedging interest rate forwards
(Decrease) increase in other income(79)(460)329 (590)
Hedging interest rate derivatives
Decrease in interest and fees on loans(5,630)(5,508)(17,832)(15,678)
Decrease in interest from subordinated debentures(567)(715)(2,014)(1,925)