XML 42 R31.htm IDEA: XBRL DOCUMENT
v3.25.3

Derivative Financial Instruments (Tables) | 9 Months Ended
--- | ---
Sep. 30, 2025
Derivative Instruments and Hedging Activities Disclosure [Abstract] |
Schedule of Amounts in the Consolidated Balance Sheets Related to the Cumulative Adjustments for Fair Value Hedges | The follow table presents the amounts recorded in the consolidated balance sheets related to the cumulative adjustments for fair value hedges at the periods presented.
(Dollars in thousands) | Carrying Amount of the Hedged Assets (1) |  | Cumulative Amount of Fair Value Hedging Adjustments Included in the Carrying Amount of the Hedged Items
Line Item on the Balance Sheet | September 30, 2025 |  | December 31, 2024 |  | September 30, 2025 |  | December 31, 2024
Securities available-for-sale | $ | 44,460 |  |  | $ | — |  |  | $ | 823 |  |  | $ | — |
____________________________ (1)Represents amortized cost for fair value hedge disclosures. Available-for-sale securities are carried at fair value on the consolidated balance sheets.
Schedule of Fair Values of Derivative Instruments on the Balance Sheet | The following tables disclose the notional amount and the fair value of derivative instruments in the Company’s consolidated balance sheets at September 30, 2025, and December 31, 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 designated as fair value hedging instruments: | September 30, 2025 |  | December 31, 2024 |  | September 30, 2025 |  | December 31, 2024
Interest rate swaps included in other liabilities | $ | 43,940 |  |  | $ | — |  |  | $ | (823) |  |  | $ | — |
Derivatives not designated as hedging instruments: |  |  |  |  |  |  |
Interest rate swaps included in other assets | $ | 488,323 |  |  | $ | 365,042 |  |  | $ | 14,860 |  |  | $ | 15,264 |
Interest rate swaps included in other liabilities | 482,123 |  |  | 358,527 |  |  | (14,687) |  |  | (14,959) |
Caps and floors included in other assets | 25,000 |  |  | — |  |  | 8 |  |  | — |
Caps and floors included in other liabilities | 25,000 |  |  | — |  |  | (8) |  |  | — |
Risk participation agreements included in other liabilities | 31,790 |  |  | 32,494 |  |  | — |  |  | — |
Interest rate-lock commitments on residential mortgage loans included in other assets | — |  |  | 11,007 |  |  | — |  |  | 331 |
| $ | 1,052,236 |  |  | $ | 767,070 |  |  | $ | 173 |  |  | $ | 636 |
____________________________ (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 summarized expected weighted average remaining maturity of the notional amount of interest rate swaps and the weighted average interest rates associated with the amounts expected to be received or paid on interest rate swap agreements are presented below.
| September 30, 2025 |  | December 31, 2024 |
(Dollars in thousands) | Notional Amount |  | Weighted Average |  | Notional Amount |  | Weighted Average |
|  | Remaining Maturity (in years) |  | Receive Rate(1) |  | Pay Rate(1) |  |  | Remaining Maturity (in years) |  | Receive Rate |  | Pay Rate |
Interest rate swaps designated as fair value hedge | $ | 43,940 |  |  | 7.62 |  | 4.33 | % |  | 3.78 | % |  | $ | — |  |  | — |  |  | — | % |  | — | % |
Non-hedging interest rate swaps - financial institution counterparties | 453,319 |  |  | 3.31 |  | 6.75 |  |  | 5.48 |  |  | 358,527 |  |  | 3.36 |  | 7.67 |  |  | 5.04 |  |
Non-hedging interest rate swaps - customer counterparties | 453,319 |  |  | 3.31 |  | 5.48 |  |  | 6.75 |  |  | 358,527 |  |  | 3.36 |  | 5.04 |  |  | 7.67 |  |
Non-hedging interest rate caps - financial institution counterparties(2) | 25,000 |  |  | 1.89 |  | 4.50 |  |  | — |  |  | — |  |  | — |  |  | — |  |  | — |  |
Non-hedging interest rate caps - customer counterparties(2) | 25,000 |  |  | 1.89 |  | — |  |  | 4.50 |  |  | — |  |  | — |  |  | — |  |  | — |  |
____________________________ (1)Weighted average receivable rates are based on implied forward rates in the yield curve at the reporting date. (2)Represents the strike rate for interest rate caps, above which the Company will pay its customer counterparties and receive from its dealer counterparties.
Schedule of Gains and Losses Recognized on Derivative Instruments Not Designated as Hedging Instruments | Gains and losses recognized on derivative instruments were as follows:
(Dollars in thousands) | Three Months Ended September 30, |  |  | Nine Months Ended September 30,
Derivatives designated as fair value hedging instruments: | 2025 |  | 2024 |  |  |  |  |  |  | 2025 |  | 2024
Amount of gain recognized in interest income on available for sale securities | $ | 123 |  |  | $ | — |  |  |  |  |  |  |  | $ | 823 |  |  | $ | — |
Amount of loss recognized in interest income on interest rate swaps - available for sale securities | (123) |  |  | — |  |  |  |  |  |  |  | (823) |  |  | — |
Derivatives not designated as hedging instruments: |  |  |  |  |  |  |  |  |  |  |  |
Amount of (loss) gain recognized in mortgage banking revenue | (146) |  |  | (261) |  |  |  |  |  |  |  | (331) |  |  | 123 |
Amount of loss recognized in other non-interest income | (32) |  |  | (136) |  |  |  |  |  |  |  | (131) |  |  | (72) |

X
- References No definition available. + Details
Name: | us-gaap_DerivativeInstrumentsAndHedgingActivitiesDisclosureAbstract
Namespace Prefix: | us-gaap_
Data Type: | xbrli:stringItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of the location and fair value amounts of derivative instruments (and nonderivative instruments that are designated and qualify as hedging instruments) reported in the statement of financial position. + References Reference 1: http://www.xbrl.org/2003/role/exampleRef -Topic 815 -SubTopic 10 -Name Accounting Standards Codification -Section 55 -Paragraph 182 -Publisher FASB -URI https://asc.fasb.org/1943274/2147480401/815-10-55-182 Reference 2: http://www.xbrl.org/2003/role/disclosureRef -Topic 815 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 4A -Subparagraph (a) -Publisher FASB -URI https://asc.fasb.org/1943274/2147480434/815-10-50-4A Reference 3: 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 4: http://www.xbrl.org/2003/role/disclosureRef -Topic 815 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 4B -Publisher FASB -URI https://asc.fasb.org/1943274/2147480434/815-10-50-4B + Details
Name: | us-gaap_ScheduleOfDerivativeInstrumentsInStatementOfFinancialPositionFairValueTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure for fair value hedging instruments of (a) the location and amount of gains and losses reported in the statement of financial performance and (b) the location and fair value amounts of the instruments reported in the statement of financial position. + References Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef -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://www.xbrl.org/2009/role/commonPracticeRef -Topic 815 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 4C -Publisher FASB -URI https://asc.fasb.org/1943274/2147480434/815-10-50-4C Reference 3: http://www.xbrl.org/2009/role/commonPracticeRef -Topic 815 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 4A -Publisher FASB -URI https://asc.fasb.org/1943274/2147480434/815-10-50-4A Reference 4: http://www.xbrl.org/2009/role/commonPracticeRef -Topic 815 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 4B -Publisher FASB -URI https://asc.fasb.org/1943274/2147480434/815-10-50-4B + Details
Name: | us-gaap_ScheduleOfFairValueHedgingInstrumentsStatementsOfFinancialPerformanceAndFinancialPositionLocationTableTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of interest rate derivatives, including, but not limited to, the fair value of the derivatives, statement of financial position location, and statement of financial performance location of these instruments. + References Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef -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://www.xbrl.org/2009/role/commonPracticeRef -Topic 815 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 4C -Publisher FASB -URI https://asc.fasb.org/1943274/2147480434/815-10-50-4C Reference 3: http://www.xbrl.org/2009/role/commonPracticeRef -Topic 815 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 4A -Publisher FASB -URI https://asc.fasb.org/1943274/2147480434/815-10-50-4A Reference 4: http://www.xbrl.org/2009/role/commonPracticeRef -Topic 815 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 4B -Publisher FASB -URI https://asc.fasb.org/1943274/2147480434/815-10-50-4B + Details
Name: | us-gaap_ScheduleOfInterestRateDerivativesTableTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of derivative instrument not designated or qualifying as hedging instrument. + References Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef -Topic 815 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 4CC -Publisher FASB -URI https://asc.fasb.org/1943274/2147480434/815-10-50-4CC Reference 2: http://www.xbrl.org/2009/role/commonPracticeRef -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 3: http://www.xbrl.org/2009/role/commonPracticeRef -Topic 815 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 4A -Publisher FASB -URI https://asc.fasb.org/1943274/2147480434/815-10-50-4A Reference 4: http://www.xbrl.org/2009/role/commonPracticeRef -Topic 815 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 4B -Publisher FASB -URI https://asc.fasb.org/1943274/2147480434/815-10-50-4B + Details
Name: | us-gaap_ScheduleOfOtherDerivativesNotDesignatedAsHedgingInstrumentsStatementsOfFinancialPerformanceAndFinancialPositionLocationTableTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration