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Derivatives and Hedging (Tables) | 12 Months Ended
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Dec. 31, 2024
Derivative Instruments and Hedging Activities Disclosure [Abstract] |
Schedule of Derivative Instruments [Table Text Block] | The following table presents the fair value of the Company's derivative financial instruments as well as their classification on the consolidated statements of condition as of the dates indicated:
|  | Derivative Assets |  | Derivative Liabilities
(In thousands) |  | Notional Amount |  | Location |  | Fair Value |  | Notional Amount |  | Location |  | Fair Value
December 31, 2024 |  |  |  |  |  |  |  |  |  |  |  |
Derivatives designated as hedging instruments: |  |  |  |  |  |  |  |  |  |  |  |
Interest rate contracts(1) |  | $ | 643,000 |  |  | Other assets |  | $ | 14,040 |  |  | $ | 225,000 |  |  | Accrued interest and other liabilities |  | $ | 232 |
Total derivatives designated as hedging instruments |  | $ | 643,000 |  |  |  |  | $ | 14,040 |  |  | $ | 225,000 |  |  |  |  | $ | 232 |
Derivatives not designated as hedging instruments: |  |  |  |  |  |  |  |  |  |  |  |
Customer loan swaps(1) |  | $ | 313,413 |  |  | Other assets |  | $ | 11,717 |  |  | $ | 313,413 |  |  | Accrued interest and other liabilities |  | $ | 11,787 |
Risk participation agreements |  | 27,568 |  |  | Other assets |  | — |  |  | 60,228 |  |  | Accrued interest and other liabilities |  | — |
Fixed Rate mortgage interest rate lock commitments |  | 4,737 |  |  | Other assets |  | 65 |  |  | 5,331 |  |  | Accrued interest and other liabilities |  | 55 |
Forward delivery commitments |  | 9,813 |  |  | Other assets |  | 203 |  |  | 1,110 |  |  | Accrued interest and other liabilities |  | 4 |
Total derivatives not designated as hedging instruments |  | $ | 355,531 |  |  |  |  | $ | 11,985 |  |  | $ | 380,082 |  |  |  |  | $ | 11,846 |
December 31, 2023 |  |  |  |  |  |  |  |  |  |  |  |
Derivatives designated as hedging instruments: |  |  |  |  |  |  |  |  |  |  |  |
Interest rate contracts(1) |  | $ | 435,000 |  |  | Other assets |  | $ | 12,206 |  |  | $ | 258,000 |  |  | Accrued interest and other liabilities |  | $ | 3,387 |
Total derivatives designated as hedging instruments |  | $ | 435,000 |  |  |  |  | $ | 12,206 |  |  | $ | 258,000 |  |  |  |  | $ | 3,387 |
Derivatives not designated as hedging instruments: |  |  |  |  |  |  |  |  |  |  |  |
Customer loan swaps(1) |  | $ | 298,143 |  |  | Other assets |  | $ | 10,699 |  |  | $ | 298,143 |  |  | Accrued interest and other liabilities |  | $ | 10,748 |
Risk participation agreements |  | 28,077 |  |  | Other assets |  | — |  |  | 52,193 |  |  | Accrued interest and other liabilities |  | — |
Fixed Rate mortgage interest rate lock commitments |  | 10,924 |  |  | Other assets |  | 215 |  |  | 2,092 |  |  | Accrued interest and other liabilities |  | 11 |
Forward delivery commitments |  | 3,445 |  |  | Other assets |  | 51 |  |  | 6,706 |  |  | Accrued interest and other liabilities |  | 132 |
Total derivatives not designated as hedging instruments |  | $ | 340,589 |  |  |  |  | $ | 10,965 |  |  | $ | 359,134 |  |  |  |  | $ | 10,891 |
(1) Reported fair values include accrued interest receivable and payable. The following table shows the carrying amount and associated cumulative basis adjustments related to the application of hedge accounting that is included in the carrying amount of hedged assets and liabilities in fair value hedging relationships:
Location in Consolidated Statements of Condition |  | Carrying Amount of Hedged Assets/(Liabilities) |  | Cumulative Fair Value Hedging Adjustment in the Carrying Amount of the Hedged Assets/(Liabilities) |  |  |
(Dollars in thousands) |  | December 31, 2024 |  | December 31, 2023 |  | December 31, 2024 |  | December 31, 2023 |  |  |  |
Loans(1) |  | $ | 372,724 |  |  | $ | 374,032 |  |  | $ | (2,276) |  |  | $ | (968) |  |  |  |  |
Total |  | $ | 372,724 |  |  | $ | 374,032 |  |  | $ | (2,276) |  |  | $ | (968) |  |  |  |  |
(1) These amounts include the amortized cost basis of residential real estate loans that were used to designate hedging relationships in which the hedged item is the stated amount of assets in the closed portfolio anticipated to be outstanding for the designated hedged period. At December 31, 2024 and 2023, the amortized cost basis of the residential real estate loans used in these hedging relationships was $752.4 million and $806.5 million, respectively, and the amount of the designated hedged residential loans for both periods was $375.0 million.
Schedule of Cash Flow Hedging Instruments, Statements of Financial Performance and Financial Position, Location [Table Text Block] | The table below presents the effect of cash flow hedge accounting, before tax, on AOCI for the periods indicated:
(Dollars in thousands) |  | Amount of Gain (Loss) Recognized in OCI on Derivative |  | Amount of Gain (Loss) Recognized in OCI Included Component |  | Amount of Gain (Loss) Recognized in OCI Excluded Component |  | Location of Gain (Loss) Recognized from AOCI into Income |  | Amount of Gain (Loss) Reclassified from AOCI into Income |  | Amount of Gain (Loss) Reclassified from AOCI into Income Included Component |  | Amount of Gain (Loss) Reclassified from AOCI into Income Excluded Component
For the Year Ended December 31, 2024 |  |  |  |  |  |  |  |  |  |  |  |  |  |
Interest rate contracts |  | $ | (98) |  |  | $ | (98) |  |  | $ | — |  |  | Interest and fees on loans |  | $ | (1,677) |  |  | $ | (1,677) |  |  | $ | — |
Interest rate contracts |  | 3,790 |  |  | 3,790 |  |  | — |  |  | Interest on borrowings |  | 2,983 |  |  | 2,983 |  |  | — |
Interest rate contracts |  | 2,171 |  |  | 2,171 |  |  | — |  |  | Interest on junior subordinated debentures |  | 838 |  |  | 838 |  |  | — |
Total |  | $ | 5,863 |  |  | $ | 5,863 |  |  | $ | — |  |  |  |  | $ | 2,144 |  |  | $ | 2,144 |  |  | $ | — |
For the Year Ended December 31, 2023 |  |  |  |  |  |  |  |  |  |  |  |  |  |
Interest rate contracts |  | $ | (795) |  |  | $ | (795) |  |  | $ | — |  |  | Interest and fees on loans |  | $ | (3,446) |  |  | $ | (3,446) |  |  | $ | — |
Interest rate contracts |  | (1) |  |  | (1) |  |  | — |  |  | Interest on deposits |  | 306 |  |  | 306 |  |  | — |
Interest rate contracts |  | 455 |  |  | 455 |  |  | — |  |  | Interest on borrowings |  | 2,351 |  |  | 2,351 |  |  | — |
Interest rate contracts |  | 520 |  |  | 520 |  |  | — |  |  | Interest on junior subordinated debentures |  | 707 |  |  | 707 |  |  | — |
Total |  | $ | 179 |  |  | $ | 179 |  |  | $ | — |  |  |  |  | $ | (82) |  |  | $ | (82) |  |  | $ | — |
For the Year Ended December 31, 2022 |  |  |  |  |  |  |  |  |  |  |  |  |  |
Interest rate contracts |  | $ | (6,147) |  |  | $ | (6,147) |  |  | $ | — |  |  | Interest and fees on loans |  | $ | 5 |  |  | $ | 5 |  |  | $ | — |
Interest rate contracts |  | 5,892 |  |  | 5,892 |  |  | — |  |  | Interest on deposits |  | 441 |  |  | 441 |  |  | — |
Interest rate contracts |  | 2,455 |  |  | 2,455 |  |  | — |  |  | Interest on borrowings |  | 551 |  |  | 551 |  |  | — |
Interest rate contracts |  | 7,838 |  |  | 7,838 |  |  | — |  |  | Interest on junior subordinated debentures |  | (729) |  |  | (729) |  |  | — |
Total |  | $ | 10,038 |  |  | $ | 10,038 |  |  | $ | — |  |  |  |  | $ | 268 |  |  | $ | 268 |  |  | $ | — |
The table below presents the effect of cash flow hedge accounting on the consolidated statements of income for the periods indicated:
|  | Location and Amount of Gain (Loss) Recognized in Income
|  | For the Year Ended December 31,
|  | 2024 |  | 2023 |  | 2022
(Dollars in thousands) |  | Interest and Fees on Loans |  |  |  | Interest on borrowings |  | Interest on Subordinated Debentures |  | Interest and Fees on Loans |  | Interest on Deposits |  | Interest on borrowings |  | Interest on Subordinated Debentures |  | Interest and Fees on Loans |  | Interest on Deposits |  |  |  | Interest on borrowings |  | Interest on Subordinated Debentures
Total presented on the consolidated statements of income in which the effects of cash flow hedges are recorded |  | $ | 214,650 |  |  |  |  | $ | 19,166 |  |  | $ | 2,132 |  |  | $ | 195,379 |  |  | $ | 78,884 |  |  | $ | 12,949 |  |  | $ | 2,150 |  |  | $ | 144,709 |  |  | $ | 20,305 |  |  |  |  | $ | 2,649 |  |  | $ | 2,140 |
Gain (loss) on fair value hedging relationships
Interest rate contracts: |  |  |  |  |  |  |  |  |  |
Hedged items |  | $ | (1,308) |  |  |  |  | $ | — |  |  | $ | — |  |  | $ | (15,613) |  |  | $ | — |  |  | $ | — |  |  | $ | — |  |  | $ | — |  |  | $ | — |  |  |  |  | $ | — |  |  | $ | — |
Derivatives designated as hedging instruments |  | $ | 6,879 |  |  |  |  | $ | — |  |  | $ | — |  |  | $ | 20,317 |  |  | $ | — |  |  | $ | — |  |  | $ | — |  |  | $ | — |  |  | $ | — |  |  |  |  | $ | — |  |  | $ | — |
Gain (loss) on cash flow hedging relationships |  |  |  |  |  |  |  |  |  |
Interest rate contracts:
Amount of gain (loss) reclassified from AOCI into income |  | $ | (1,677) |  |  |  |  | $ | 2,983 |  |  | $ | 838 |  |  | $ | (3,446) |  |  | $ | 306 |  |  | $ | 2,351 |  |  | $ | 707 |  |  | $ | 5 |  |  | $ | 441 |  |  |  |  | $ | 551 |  |  | $ | (729) |
Amount of gain (loss) reclassified from AOCI into income - included component |  | $ | (1,677) |  |  |  |  | $ | 2,983 |  |  | $ | 838 |  |  | $ | (3,446) |  |  | $ | 306 |  |  | $ | 2,351 |  |  | $ | 707 |  |  | $ | 5 |  |  | $ | 441 |  |  |  |  | $ | 551 |  |  | $ | (729) |
Amount of gain (loss) reclassified from AOCI into income - excluded component |  | $ | — |  |  |  |  | $ | — |  |  | $ | — |  |  | $ | — |  |  | $ | — |  |  | $ | — |  |  | $ | — |  |  | $ | — |  |  | $ | — |  |  |  |  | $ | — |  |  | $ | — |
Derivatives Not Designated as Hedging Instruments | The table below presents the effect of the Company's derivative financial instruments that are not designated as hedging instruments on the consolidated statements of income for the periods indicated:
|  |  |  | Amount of Gain (Loss) Recognized in Income
|  | Location of Gain (Loss) Recognized in Income |  | For the Year Ended December 31,
(Dollars in thousands) |  |  | 2024 |  | 2023 |  | 2022
Customer loan swaps |  | Other expense |  | $ | (20) |  |  | $ | (1) |  |  | $ | (336) |
Fixed rate mortgage interest rate lock commitments |  | Mortgage banking income, net |  | (194) |  |  | 109 |  |  | 34 |
Forward delivery commitments |  | Mortgage banking income, net |  | 280 |  |  | (195) |  |  | 140 |
Total |  |  |  | $ | 66 |  |  | $ | (87) |  |  | $ | (162) |

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