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Derivative Financial Instruments (Tables)
 3 Months Ended
Mar. 31, 2025
Derivative Instruments and Hedging Activities Disclosure [Abstract]  
Schedule of Fair Values of Derivative Instruments on the Balance Sheet
The following tables disclose the fair value of derivative instruments in the Company’s consolidated balance sheets at March 31, 2025, and December 31, 2024, as well as the effect of these derivative instruments on the Company’s consolidated statements of income for the three months ended March 31, 2025 and 2024. Derivative instruments and their related gains and losses are reported in other operating activities, net in the statements of cash flows.
(Dollars in thousands)
Notional Amounts(1)
Fair Values
Derivatives not designated as hedging instruments:March 31, 2025December 31, 2024March 31, 2025December 31, 2024
Interest rate swaps included in other assets$393,525 $365,042 $13,364 $15,264 
Interest rate swaps included in other liabilities387,010 358,527 (13,123)(14,959)
Risk participation agreements included in other liabilities32,803 32,494 — — 
Interest rate-lock commitments on residential mortgage loans included in other assets14,874 11,007 446 331 
$828,212 $767,070 $687 $636 
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(1)Notional or contractual amounts, which represent the extent of involvement in the derivatives market, are used to determine the contractual cash flows required in accordance with the terms of the agreement. These amounts are typically not exchanged, significantly exceed amounts subject to credit or market risk and are not reflected in the consolidated balance sheets.
Schedule of Weighted-average Rates for Interest Rate Swaps
The weighted-average rates for interest rate swaps were as follows:
Weighted-Average Interest Rate
March 31, 2025December 31, 2024
Interest rate swaps:PaidReceivedPaidReceived
Cash flow hedges— %— %4.24 %8.31 %
Non-hedging interest rate swaps - financial institution counterparties5.27 6.88 5.04 7.67 
Non-hedging interest rate swaps - customer counterparties6.88 5.27 7.67 5.04 
Schedule of Gains and Losses Recognized on Derivative Instruments Not Designated as Hedging Instruments
Gains and losses recognized on derivative instruments not designated as hedging instruments were as follows:
(Dollars in thousands)Three Months Ended March 31,
Derivatives not designated as hedging instruments:20252024
Amount of gain recognized in mortgage banking revenue$115 $219 
Amount of (loss) gain recognized in other non-interest income(64)46