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Derivative Instruments and Hedging Activities (Tables)
9 Months Ended
Sep. 30, 2025
Derivative Instruments and Hedging Activities Disclosure [Abstract]  
Notional Amounts and Fair Value of Derivatives Not Designated as Hedging Instruments
The following table presents the notional amounts and fair values of derivatives not designated as hedging instruments recorded on the condensed consolidated balance sheets at September 30, 2025 and December 31, 2024:
  Derivative AssetsDerivative Liabilities
(Dollars in thousands)Notional
Amount
Balance Sheet
Classification
Fair
Value
Balance Sheet
Classification
Fair
Value
At September 30, 2025
Credit derivatives$829,412  $ Other liabilities$97 
Interest rate locks with customers23,897 Other assets304   
Forward loan sale commitments30,227   Other liabilities14 
Total$883,536 $304 $111 
At December 31, 2024
Credit derivatives$860,423 $— Other liabilities$67 
Interest rate locks with customers23,291 Other assets214  — 
Forward loan sale commitments39,944 Other assets12  — 
Total$923,658 $226 $67 
Income for Derivatives Designated as Hedging Instruments
The following table presents amounts included in the condensed consolidated statements of income for derivatives designated as hedging instruments for the periods indicated:
Statement of Income
Classification
Three Months EndedNine Months Ended
September 30,September 30,
(Dollars in thousands)2025202420252024
Interest rate swap—cash flow hedge—net interest paymentsInterest expense$ $(575)$ $(3,747)
Reclassification adjustment included in earnings (1)Interest income(577)(370)(1,711)(370)
Total net loss$(577)$(945)$(1,711)$(4,117)
Income for Derivatives Not Designated as Hedging Instruments
The following table presents amounts included in the condensed consolidated statements of income for derivatives not designated as hedging instruments for the periods indicated:
Statement of Income ClassificationThree Months EndedNine Months Ended
September 30,September 30,
(Dollars in thousands)2025202420252024
Credit derivativesOther noninterest income$347 $22 $500 $360 
Interest rate locks with customersNet (loss) gain on mortgage banking activities(56)(169)90 (139)
Forward loan sale commitmentsNet gain (loss) on mortgage banking activities37 63 (26)352 
Total net gain (loss)$328 $(84)$564 $573 
Schedule of Cash Flow Hedges Included in Accumulated Other Comprehensive Income (Loss)
The following table presents amounts included in accumulated other comprehensive (loss) income for derivatives designated as hedging instruments at September 30, 2025 and December 31, 2024:
(Dollars in thousands)Accumulated Other
Comprehensive (Loss) Income
At September 30, 2025At December 31, 2024
Interest rate swap—cash flow hedge (1)Fair value, net of taxes$(1,070)$(2,422)
Total$(1,070)$(2,422)
(1) The interest rate swap was terminated on August 2, 2024. This after-tax amount will be reclassified to earnings as a reduction to interest income over the remaining 7 months of the original swap.