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Derivative Financial Instruments (Tables) | 6 Months Ended
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Jun. 30, 2025
Derivative Instruments and Hedging Activities Disclosure [Abstract] |
Derivative Financial Instruments According to Type of Hedge Designation | Our derivative financial instruments according to the type of hedge in which they are designated follows:
| June 30, 2025
| Notional Amount |  | Average Maturity (years) |  | Fair Value
| (Dollars in thousands)
Fair value hedge designation |  |  |  |  |
Pay-fixed interest rate swap agreement - commercial | $ | 5,446 |  |  | 3.9 |  | $ | 214 |
Pay-fixed interest rate swap agreements - securities available for sale | 148,895 |  |  | 2.4 |  | 9,093 |
Pay-fixed interest rate swap agreements - installment | 100,000 |  |  | 1.9 |  | (902) |
Pay-fixed interest rate swap agreements - mortgage | 127,000 |  |  | 2.0 |  | (1,181) |
Interest rate cap agreements - securities available for sale | 40,970 |  |  | 2.8 |  | 94 |
Total | $ | 422,311 |  |  | 2.2 |  | $ | 7,318 |
Cash flow hedge designation |  |  |  |  |
Interest rate floor agreements - commercial | $ | 425,000 |  |  | 2.0 |  | $ | 5,779 |
Interest rate cap agreements - short-term funding liabilities | 25,000 |  |  | 2.9 |  | 101 |
Total | 450,000 |  |  | 2.1 |  | 5,880 |
No hedge designation |  |  |  |  |
Rate-lock mortgage loan commitments | $ | 27,787 |  |  | 0.1 |  | $ | 371 |
Mandatory commitments to sell mortgage loans | 39,425 |  |  | 0.1 |  | (132) |
Pay-fixed interest rate swap agreements - commercial | 606,325 |  |  | 4.8 |  | (1,543) |
Pay-variable interest rate swap agreements - commercial | 606,325 |  |  | 4.8 |  | 1,543 |
Total | $ | 1,279,862 |  |  | 4.5 |  | $ | 239 |
| December 31, 2024
| Notional Amount |  | Average Maturity (years) |  | Fair Value
| (Dollars in thousands)
Fair value hedge designation |  |  |  |  |
Pay-fixed interest rate swap agreement - commercial | $ | 5,647 |  |  | 4.4 |  | $ | 361 |
Pay-fixed interest rate swap agreements - securities available for sale | 148,895 |  |  | 2.8 |  | 13,265 |
Pay-fixed interest rate swap agreements - installment | 100,000 |  |  | 2.4 |  | 77 |
Pay-fixed interest rate swap agreements - mortgage | 147,000 |  |  | 2.2 |  | 283 |
Interest rate cap agreements - securities available for sale | 40,970 |  |  | 3.3 |  | 334 |
Total | $ | 442,512 |  |  | 2.6 |  | $ | 14,320 |
Cash flow hedge designation |  |  |  |  |
Interest rate floor agreements - commercial | $ | 375,000 |  |  | 2.3 |  | $ | 3,642 |
Interest rate cap agreements - short-term funding liabilities | 25,000 |  |  | 3.4 |  | 312 |
Total | 400,000 |  |  | 2.1 |  | 3,954 |
No hedge designation |  |  |  |  |
Rate-lock mortgage loan commitments | 12,703 |  |  | 0.1 |  | 100 |
Mandatory commitments to sell mortgage loans | 19,874 |  |  | 0.1 |  | 62 |
Pay-fixed interest rate swap agreements - commercial | 538,053 |  |  | 5.0 |  | 13,325 |
Pay-variable interest rate swap agreements - commercial | 538,053 |  |  | 5.0 |  | (13,325) |
Total | $ | 1,108,683 |  |  | 4.9 |  | $ | 162 |
Schedule of Derivative Instruments in Statement of Financial Position, Fair Value | Fair Values of Derivative Instruments
| Asset Derivatives |  | Liability Derivatives
| June 30, 2025 |  | December 31, 2024 |  | June 30, 2025 |  | December 31, 2024
| Balance Sheet Location |  | Fair Value |  | Balance Sheet Location |  | Fair Value |  | Balance Sheet Location |  | Fair Value |  | Balance Sheet Location |  | Fair Value
| (In thousands)
Derivatives designated as hedging instruments |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Pay-fixed interest rate swap agreements | Other assets |  | $ | 9,391 |  |  | Other assets |  | $ | 14,336 |  |  | Other liabilities |  | $ | 2,167 |  |  | Other liabilities |  | $ | 350 |
Interest rate cap agreements | Other assets |  | 195 |  |  | Other assets |  | 646 |  |  | Other liabilities |  | — |  |  | Other liabilities |  | — |
Interest rate floor agreements | Other assets |  | 5,779 |  |  | Other assets |  | 3,642 |  |  | Other liabilities |  | — |  |  | Other liabilities |  | — |
|  |  | 15,365 |  |  |  |  | 18,624 |  |  |  |  | 2,167 |  |  |  |  | 350 |
Derivatives not designated as hedging instruments |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Rate-lock mortgage loan commitments | Other assets |  | 371 |  |  | Other assets |  | 100 |  |  | Other liabilities |  | — |  |  | Other liabilities |  | — |
Mandatory commitments to sell mortgage loans | Other assets |  | — |  |  | Other assets |  | 62 |  |  | Other liabilities |  | 132 |  |  | Other liabilities |  | — |
Pay-fixed interest rate swap agreements - commercial | Other assets |  | 8,456 |  |  | Other assets |  | 15,799 |  |  | Other liabilities |  | 9,999 |  |  | Other liabilities |  | 2,474 |
Pay-variable interest rate swap agreements - commercial | Other assets |  | 9,999 |  |  | Other assets |  | 2,474 |  |  | Other liabilities |  | 8,456 |  |  | Other liabilities |  | 15,799 |
|  |  | 18,826 |  |  |  |  | 18,435 |  |  |  |  | 18,587 |  |  |  |  | 18,273 |
Total derivatives |  |  | $ | 34,191 |  |  |  |  | $ | 37,059 |  |  |  |  | $ | 20,754 |  |  |  |  | $ | 18,623 |
Derivative Instruments, Gain (Loss) | The effect of derivative financial instruments on the interim Condensed Consolidated Statements of Operations follows:
| Gain (Loss) Recognized in Other Comprehensive Income (loss) (Effective Portion) |  | Location of Loss Reclassified from Accumulated Other Comprehensive Loss into Income (Effective Portion) |  | Loss Reclassified from Accumulated Other Comprehensive Loss into Income (Effective Portion) |  |  |  | Gain (Loss) Recognized in Income
| Three Month Periods Ended June 30, |  |  | Three Month Periods Ended June 30, |  | Location of Gain (Loss) Recognized in Income |  | Three Month Periods Ended June 30,
2025 |  | 2024 |  |  | 2025 |  | 2024 |  |  | 2025 |  | 2024
|  |  |  |  |  |  |  |  |  |  |  |  | (In thousands)
Fair Value Hedges |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Pay-fixed interest rate swap agreement - commercial |  |  |  |  |  |  |  |  |  |  | Interest and fees on loans |  | $ | (62) |  |  | $ | (5) |
Pay-fixed interest rate swap agreements - securities available for sale |  |  |  |  |  |  |  |  |  |  | Interest on securities |  | (1,797) |  |  | (694) |
Pay-fixed interest rate swap agreements - Installment |  |  |  |  |  |  |  |  |  |  | Interest and fees on loans |  | (297) |  |  | 220 |
Pay-fixed interest rate swap agreements - Mortgage |  |  |  |  |  |  |  |  |  |  | Interest and fees on loans |  | (499) |  |  | 290 |
Pay-variable interest rate swap agreements - FHLB Advance |  |  |  |  |  |  |  |  |  |  | Interest expense - other borrowings and subordinated debt and debentures |  | — |  |  | 25 |
Interest rate cap agreements - securities available for sale | $ | (85) |  |  | $ | 23 |  |  | Interest on securities |  | $ | (63) |  |  | $ | (56) |  |  | Interest on securities |  | — |  |  | (2) |
Total | $ | (85) |  |  | $ | 23 |  |  |  |  | $ | (63) |  |  | $ | (56) |  |  |  |  | $ | (2,655) |  |  | $ | (166) |
Cash Flow Hedges |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Interest rate floor agreements - commercial | $ | 385 |  |  | $ | (486) |  |  | Interest and fees on loans |  | $ | (444) |  |  | $ | (293) |  |  | Interest and fees on loans |  | $ | (444) |  |  | $ | (293) |
Interest rate cap agreements - short-term funding liabilities | (69) |  |  | — |  |  | Interest expense |  | (2) |  |  | — |  |  | Interest expense |  | (2) |  |  | — |
Total | $ | 316 |  |  | $ | (486) |  |  |  |  | $ | (446) |  |  | $ | (293) |  |  |  |  | $ | (446) |  |  | $ | (293) |
No hedge designation |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Rate-lock mortgage loan commitments |  |  |  |  |  |  |  |  |  |  | Net gains on mortgage loans |  | $ | 3 |  |  | $ | (125) |
Mandatory commitments to sell mortgage loans |  |  |  |  |  |  |  |  |  |  | Net gains on mortgage loans |  | (101) |  |  | 197 |
Pay-fixed interest rate swap agreements - commercial |  |  |  |  |  |  |  |  |  |  | Interest and fees on loans |  | (5,593) |  |  | 579 |
Pay-variable interest rate swap agreements - commercial |  |  |  |  |  |  |  |  |  |  | Interest and fees on loans |  | 5,593 |  |  | (579) |
Total |  |  |  |  |  |  |  |  |  |  |  |  | $ | (98) |  |  | $ | 72 |
| Gain (Loss) Recognized in Other Comprehensive Income (loss) (Effective Portion) |  | Location of Loss Reclassified from Accumulated Other Comprehensive Loss into Income (Effective Portion) |  | Loss Reclassified from Accumulated Other Comprehensive Loss into Income (Effective Portion) |  |  |  | Gain (Loss) Recognized in Income
| Six Month Periods Ended June 30, |  |  | Six Month Periods Ended June 30, |  | Location of Gain (Loss) Recognized in Income |  | Six Month Periods Ended June 30,
2025 |  | 2024 |  |  | 2025 |  | 2024 |  |  | 2025 |  | 2024
|  |  |  |  |  |  |  |  |  |  |  |  | (In thousands)
Fair Value Hedges |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Pay-fixed interest rate swap agreement - commercial |  |  |  |  |  |  |  |  |  |  | Interest and fees on loans |  | $ | (147) |  |  | $ | 74 |
Pay-fixed interest rate swap agreements - securities available for sale |  |  |  |  |  |  |  |  |  |  | Interest on securities |  | (4,172) |  |  | 854 |
Pay-fixed interest rate swap agreements - installment |  |  |  |  |  |  |  |  |  |  | Interest and fees on loans |  | (979) |  |  | 1,908 |
Pay-fixed interest rate swap agreements - mortgage |  |  |  |  |  |  |  |  |  |  | Interest and fees on loans |  | (1,464) |  |  | 2,292 |
Pay-variable interest rate swap agreements - FHLB Advance |  |  |  |  |  |  |  |  |  |  | Interest expense - other borrowings and subordinated debt and debentures |  | — |  |  | — |
Interest rate cap agreements - securities available for sale | $ | (240) |  |  | $ | 61 |  |  | Interest on securities |  | $ | (117) |  |  | $ | (110) |  |  | Interest on securities |  | — |  |  | 38 |
Total | $ | (240) |  |  | $ | 61 |  |  |  |  | $ | (117) |  |  | $ | (110) |  |  |  |  | $ | (6,762) |  |  | $ | 5,166 |
Cash Flow Hedges |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Interest rate floor agreements - commercial | $ | 1,137 |  |  | $ | (2,753) |  |  | Interest and fees on loans |  | $ | (812) |  |  | $ | (505) |  |  | Interest and fees on loans |  | $ | (812) |  |  | $ | (505) |
Interest rate cap agreements - short-term funding liabilities | (200) |  |  | — |  |  | Interest expense |  | (4) |  |  | — |  |  | Interest expense |  | (4) |  |  | — |
Total | $ | 937 |  |  | $ | (2,753) |  |  |  |  | $ | (816) |  |  | $ | (505) |  |  |  |  | $ | (816) |  |  | $ | (505) |
No hedge designation |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Rate-lock mortgage loan commitments |  |  |  |  |  |  |  |  |  |  | Net gains on mortgage loans |  | $ | 271 |  |  | $ | (31) |
Mandatory commitments to sell mortgage loans |  |  |  |  |  |  |  |  |  |  | Net gains on mortgage loans |  | (194) |  |  | 426 |
Pay-fixed interest rate swap agreements - commercial |  |  |  |  |  |  |  |  |  |  | Interest and fees on loans |  | (14,868) |  |  | 6,549 |
Pay-variable interest rate swap agreements - commercial |  |  |  |  |  |  |  |  |  |  | Interest and fees on loans |  | 14,868 |  |  | (6,549) |
Total |  |  |  |  |  |  |  |  |  |  |  |  | $ | 77 |  |  | $ | 395 |

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- Definition Tabular disclosure of the location and amount of derivative instruments and nonderivative instruments designated as hedging instruments reported before netting adjustments, and the amount of gain (loss) on derivative instruments and nonderivative instruments designated and qualified as hedging instruments. + References Reference 1: http://www.xbrl.org/2003/role/disclosureRef -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/2003/role/disclosureRef -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/2003/role/disclosureRef -Topic 815 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 4A -Subparagraph (c) -Publisher FASB -URI https://asc.fasb.org/1943274/2147480434/815-10-50-4A Reference 4: http://www.xbrl.org/2003/role/disclosureRef -Topic 815 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 4A -Subparagraph (b) -Publisher FASB -URI https://asc.fasb.org/1943274/2147480434/815-10-50-4A Reference 5: 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 + Details
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