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Derivative Financial Instruments (Tables)

12 Months Ended

Dec. 31, 2025

Derivative Instruments and Hedging Activities Disclosure [Abstract]

Schedule of Derivative Instruments

The tables below present the fair value of the Company’s derivative financial instruments at December 31, 2025 and 2024. The Company’s derivative assets and derivative liabilities are located within other assets and other liabilities, respectively, on the Company’s Consolidated Statements of Financial Condition.

			December 31, 2025
			Notional Amount						Fair Value(1)
									Other Assets						Other Liabilities
			(Dollars in thousands)
Derivatives designated as cash flow hedges
Interest rate swaps			$	625,000					$	—					$	—
Interest rate collars			500,000						27						—
Total			$	1,125,000					$	27					$	—
Derivatives not designated as hedges
Interest rate contracts with correspondent banks			$	1,314,389					$	24,503					$	(12,702)
Interest rate contracts with customers			1,314,389						12,702						(24,938)
Foreign exchange contracts with correspondent banks			19,910						149						(108)
Risk participation agreement			131,885						—						(15)
Mortgage banking derivatives			3,202						27						(15)
Total			$	2,783,775					$	37,381					$	(37,778)

__________________________________

(1)    The fair values of centrally-cleared derivative contracts are presented net of settled-to-market margin.

			December 31, 2024
			Notional Amount						Fair Value(1)
									Other Assets						Other Liabilities
			(Dollars in thousands)
Derivatives designated as cash flow hedges
Interest rate swaps			$	1,125,000					$	—					$	(2,330)
Interest rate collars			500,000						—						(1,227)
Forward interest rate swaps			200,000						—						(1,474)
Total			$	1,825,000					$	—					$	(5,031)
Derivatives not designated as hedges
Interest rate contracts with correspondent banks			$	1,120,217					$	46,294					$	(1,400)
Interest rate contracts with customers			1,120,217						1,400						(47,384)
Foreign exchange contracts with correspondent banks			16,056						894						(1)
Foreign exchange contracts with customers			224						6						—
Risk participation agreement			100,957						—						(15)
Total			$	2,357,671					$	48,594					$	(48,800)

__________________________________

(1)    The fair values of centrally-cleared derivative contracts are presented net of settled-to-market margin.

Schedule of Cash Flow Hedges Reclassified from Accumulated Other Comprehensive Income into Earnings

The table below presents the gains (losses) on derivative instruments designated as cash flow hedges, that were reclassified from AOCI into earnings for the periods indicated:

Derivative Instruments Designated as Cash Flow Hedges						Location of Gain (Loss) Recognized in Income						Year Ended December 31,
												2025						2024						2023
												(Dollars in thousands)
Interest rate contracts						Interest income and fees on loans						$	(3,462)					$	(6,531)					$	(96)
Interest rate contracts						Interest expense on deposits						6,857						12,514						11,589
Interest rate contracts						Interest expense on FHLB and FRB borrowings						1,196						5,331						4,836
Total												$	4,591					$	11,314					$	16,329

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Tabular disclosure of gain (loss) on derivative and nonderivative instruments designated and qualifying as cash flow hedge recorded in accumulated other comprehensive income (AOCI) and reclassified into earnings.

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Tabular disclosure of pertinent information about a derivative or group of derivatives on a disaggregated basis, such as for individual instruments, or small groups of similar instruments. May include a combination of the type of instrument, risks being hedged, notional amount, hedge designation, related hedged item, inception date, maturity date, or other relevant item.

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