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Derivatives and Hedging (Tables)

12 Months Ended

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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