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v3.25.3

Derivative Financial Instruments (Tables) | 9 Months Ended
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Sep. 30, 2025
Derivative Instruments and Hedging Activities Disclosure [Abstract] |
Schedule of amounts of non-hedging derivative financial instruments | The following table shows the amounts of non-hedging derivative financial instruments.
|  |  |  | Asset derivatives |  | Liability derivatives
(Dollars in thousands) |  | Notional or contractual amount |  | Statement of Financial Condition classification |  | Fair value |  | Statement of Financial Condition classification |  | Fair value
September 30, 2025 |  |  |  |  |  |  |  |  |  |
Interest rate swap contracts |  | $ | 1,225,951 |  |  | Other assets |  | $ | 18,141 |  |  | Other liabilities |  | $ | 18,478 |
Loan commitments |  | 7,661 |  |  | Mortgages held for sale |  | 198 |  |  | N/A |  | — |
Forward contracts - mortgage loan |  | 8,000 |  |  | Mortgages held for sale |  | 19 |  |  | N/A |  | — |
Total |  | $ | 1,241,612 |  |  |  |  | $ | 18,358 |  |  |  |  | $ | 18,478 |
December 31, 2024 |  |  |  |  |  |  |  |  |  |
Interest rate swap contracts |  | $ | 1,083,673 |  |  | Other assets |  | $ | 16,424 |  |  | Other liabilities |  | $ | 16,727 |
Loan commitments |  | 3,586 |  |  | Mortgages held for sale |  | 118 |  |  | N/A |  | — |
Forward contracts - mortgage loan |  | 4,500 |  |  | Mortgages held for sale |  | 17 |  |  | N/A |  | — |
Total |  | $ | 1,091,759 |  |  |  |  | $ | 16,559 |  |  |  |  | $ | 16,727 |
Schedule of amounts included in the consolidated statements of income for non-hedging derivative financial instruments | The following table shows the amounts included in the Consolidated Statements of Income for non-hedging derivative financial instruments.
|  |  |  | Gain (loss)
|  |  |  | Three Months Ended September 30, |  | Nine Months Ended September 30,
(Dollars in thousands) |  | Statement of Income classification |  | 2025 |  | 2024 |  | 2025 |  | 2024
Interest rate swap contracts |  | Other expense |  | $ | 10 |  |  | $ | 26 |  |  | $ | (34) |  |  | $ | 68 |
Interest rate swap contracts |  | Other income |  | 155 |  |  | 190 |  |  | 1,032 |  |  | 743 |
Loan commitments |  | Mortgage banking |  | (22) |  |  | (84) |  |  | 80 |  |  | 94 |
Forward contracts - mortgage loan |  | Mortgage banking |  | 70 |  |  | (30) |  |  | 2 |  |  | 7 |
Total |  |  |  | $ | 213 |  |  | $ | 102 |  |  | $ | 1,080 |  |  | $ | 912 |
Schedule of offsetting of financial assets and derivative assets | The following table shows the offsetting of financial assets and derivative assets.
|  |  |  |  |  |  |  | Gross Amounts Not Offset in the Statement of Financial Condition |  |
(Dollars in thousands) |  | Gross Amounts of Recognized Assets |  | Gross Amounts Offset in the Statement of Financial Condition |  | Net Amounts of Assets Presented in the Statement of Financial Condition |  | Financial Instruments |  | Cash Collateral Received |  | Net Amount
September 30, 2025 |  |  |  |  |  |  |  |  |  |  |  |
Interest rate swaps |  | $ | 18,141 |  |  | $ | — |  |  | $ | 18,141 |  |  | $ | — |  |  | $ | 5,145 |  |  | $ | 12,996 |
December 31, 2024 |  |  |  |  |  |  |  |  |  |  |  |
Interest rate swaps |  | $ | 16,424 |  |  | $ | — |  |  | $ | 16,424 |  |  | $ | — |  |  | $ | 12,615 |  |  | $ | 3,809 |
Schedule of offsetting of financial liabilities and derivative liabilities | The following table shows the offsetting of financial liabilities and derivative liabilities.
|  |  |  |  |  |  |  | Gross Amounts Not Offset in the Statement of Financial Condition |  |
(Dollars in thousands) |  | Gross Amounts of Recognized Liabilities |  | Gross Amounts Offset in the Statement of Financial Condition |  | Net Amounts of Liabilities Presented in the Statement of Financial Condition |  | Financial Instruments |  | Cash Collateral Pledged |  | Net Amount
September 30, 2025 |  |  |  |  |  |  |  |  |  |  |  |
Interest rate swaps |  | $ | 18,478 |  |  | $ | — |  |  | $ | 18,478 |  |  | $ | — |  |  | $ | — |  |  | $ | 18,478 |
Repurchase agreements |  | 72,190 |  |  | — |  |  | 72,190 |  |  | 72,190 |  |  | — |  |  | — |
Total |  | $ | 90,668 |  |  | $ | — |  |  | $ | 90,668 |  |  | $ | 72,190 |  |  | $ | — |  |  | $ | 18,478 |
December 31, 2024 |  |  |  |  |  |  |  |  |  |  |  |
Interest rate swaps |  | $ | 16,727 |  |  | $ | — |  |  | $ | 16,727 |  |  | $ | — |  |  | $ | — |  |  | $ | 16,727 |
Repurchase agreements |  | 72,345 |  |  | — |  |  | 72,345 |  |  | 72,345 |  |  | — |  |  | — |
Total |  | $ | 89,072 |  |  | $ | — |  |  | $ | 89,072 |  |  | $ | 72,345 |  |  | $ | — |  |  | $ | 16,727 |

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