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Note 18 - Derivative Instruments (Tables) | 3 Months Ended
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Mar. 31, 2025
Notes Tables |
Schedule of Derivative Instruments in Statement of Financial Position, Fair Value [Table Text Block] |
|  | Derivative Assets (1) |  |  | Derivative Liabilities (2) |
|  | Notional |  |  | Fair |  |  | Notional |  |  | Fair |
(dollars in thousands) |  | Amount |  |  | Value |  |  | Amount |  |  | Value |
March 31, 2025 |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Designated as hedging instruments: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Fair value hedges: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Interest rate swaps |  | $ | — |  |  | $ | — |  |  | $ | 200,000 |  |  | $ | 84 |
Cash flow hedges: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Interest rate swaps |  |  | 200,000 |  |  |  | 15 |  |  |  | — |  |  |  | — |
Total derivatives designated as hedging instruments |  | $ | 200,000 |  |  | $ | 15 |  |  | $ | 200,000 |  |  | $ | 84 |
Not designated as hedging instruments: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Interest rate swaps (3) |  | $ | 378,533 |  |  | $ | 9,376 |  |  | $ | 395,533 |  |  | $ | 9,586 |
Interest rate lock commitments |  |  | 33,827 |  |  |  | 492 |  |  |  | — |  |  |  | — |
Forward loan sales commitments |  |  | 5,490 |  |  |  | 102 |  |  |  | — |  |  |  | — |
To-be-announced mortgage backed securities |  |  | — |  |  |  | — |  |  |  | 43,000 |  |  |  | 95 |
Total asset derivatives not designated as hedging instruments |  | $ | 417,850 |  |  | $ | 9,970 |  |  | $ | 438,533 |  |  | $ | 9,681 |
December 31, 2024 |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Designated as hedging instruments: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Fair value hedges: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Interest rate swaps |  | $ | 200,000 |  |  | $ | 149 |  |  | $ | — |  |  | $ | — |
Cash flow hedges: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Interest rate swaps |  |  | 200,000 |  |  |  | 477 |  |  |  | 200,000 |  |  |  | 21 |
Total derivatives designated as hedging instruments |  | $ | 400,000 |  |  | $ | 626 |  |  | $ | 200,000 |  |  | $ | 21 |
Not designated as hedging instruments: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Interest rate swaps (3) |  | $ | 347,575 |  |  | $ | 8,182 |  |  | $ | 364,575 |  |  | $ | 8,579 |
Interest rate lock commitments |  |  | 14,647 |  |  |  | 153 |  |  |  | — |  |  |  | — |
Forward loan sales commitments |  |  | 6,645 |  |  |  | 109 |  |  |  | — |  |  |  | — |
To-be-announced mortgage backed securities |  |  | 39,000 |  |  |  | 35 |  |  |  | — |  |  |  | — |
Total asset derivatives not designated as hedging instruments |  | $ | 407,867 |  |  | $ | 8,479 |  |  | $ | 364,575 |  |  | $ | 8,579 |
Schedule of Cash Flow Hedges Included in Accumulated Other Comprehensive Income (Loss) [Table Text Block] |
|  |  |  |  |  | Gains (Losses) |
|  | Gains (Losses) |  |  | Reclassified |
|  | Recognized in |  |  | from OCI |
(dollars in thousands) |  | OCI |  |  | into Earnings |
Derivatives designated as hedging instruments |  |  |  |  |  |  |  |
For the three months ended March 31, 2025 |  |  |  |  |  |  |  |
Cash flow hedges: |  |  |  |  |  |  |  |
Interest rate swaps |  | $ | (463 | ) |  | $ | (22 | )
For the three months ended March 31, 2024 |  |  |  |  |  |  |  |
Cash flow hedges: |  |  |  |  |  |  |  |
Interest rate swaps |  | $ | 946 |  |  | $ | (262 | )
Schedule of Cash Flow Hedging Instruments, Statements of Financial Performance and Financial Position, Location [Table Text Block] |
|  | Location and Amount of Gains (Losses) Recognized in Income |
|  | Interest Income |  |  | Interest Expense |
|  | Loans, |  |  | Investment |  |  |  |  |
|  | including |  |  | securities - |  |  | Short-term |
(dollars in thousands) |  | fees |  |  | Taxable |  |  | borrowings |
For the three months ended March 31, 2025 |  |  |  |  |  |  |  |  |  |  |  |
Total amounts in the Consolidated Statements of Income |  | $ | 61,495 |  |  | $ | 5,707 |  |  | $ | 2,839 |
Fair value hedges: |  |  |  |  |  |  |  |  |  |  |  |
Interest rate swaps |  |  | — |  |  |  | 147 |  |  |  | — |
Cash flow hedges: |  |  |  |  |  |  |  |  |  |  |  |
Interest rate swaps |  |  | — |  |  |  | — |  |  |  | 22 |
For the three months ended March 31, 2024 |  |  |  |  |  |  |  |  |  |  |  |
Total amounts in the Consolidated Statements of Income |  | $ | 39,294 |  |  | $ | 4,568 |  |  | $ | 5,989 |
Fair value hedges: |  |  |  |  |  |  |  |  |  |  |  |
Interest rate swaps |  |  | 153 |  |  |  | 642 |  |  |  | — |
Cash flow hedges: |  |  |  |  |  |  |  |  |  |  |  |
Interest rate swaps |  |  | — |  |  |  | — |  |  |  | (262 | )
|  | March 31, 2025 |
|  |  |  |  |  |  |  |  |  | Cumulative Fair |
|  |  |  |  |  |  |  |  |  | Value Hedging |
|  |  |  |  |  |  |  |  |  | Adjustment in the |
|  |  |  |  |  | Carrying Amount |  |  | Carrying Amount of |
|  | Notional |  |  | of Hedged Assets/ |  |  | Hedged Assets/ |
(dollars in thousands) |  | Amount |  |  | Liabilities |  |  | Liabilities |
Mortgage-backed securities |  |  |  |  |  |  |  |  |  |  |  |
Residential agency (1) |  | $ | 200,000 |  |  | $ | 200,085 |  |  | $ | 85 |
Total |  | $ | 200,000 |  |  | $ | 200,085 |  |  | $ | 85 |
|  | December 31, 2024 |
|  |  |  |  |  |  |  |  |  | Cumulative Fair |
|  |  |  |  |  |  |  |  |  | Value Hedging |
|  |  |  |  |  |  |  |  |  | Adjustment in the |
|  |  |  |  |  | Carrying Amount |  |  | Carrying Amount of |
|  | Notional |  |  | of Hedged Assets/ |  |  | Hedged Assets/ |
(dollars in thousands) |  | Amount |  |  | Liabilities |  |  | Liabilities |
Mortgage-backed securities |  |  |  |  |  |  |  |  |  |  |  |
Residential agency (1) |  | $ | 200,000 |  |  | $ | 199,854 |  |  | $ | (146 | )
Total |  | $ | 200,000 |  |  | $ | 199,854 |  |  | $ | (146 | )
Derivative Instruments, Gain (Loss) [Table Text Block] |
(dollars in thousands) |  |  | Three months ended March 31, |
Derivatives not designated as hedging instruments | Consolidated Statements of Income Location |  | 2025 |  |  | 2024 |
Interest rate swaps | Other noninterest income |  | $ | — |  |  | $ | 21 |
Interest rate swaps | Mortgage banking |  |  | 187 |  |  |  | — |
Interest rate lock commitments | Mortgage banking |  |  | 322 |  |  |  | 153 |
Forward loan sales commitments | Mortgage banking |  |  | (7 | ) |  |  | (6 | )
To-be-announced mortgage backed securities | Mortgage banking |  |  | (286 | ) |  |  | 41 |
Total gain (loss) from derivatives not designated as hedging instruments |  | $ | 216 |  |  | $ | 209 |
Schedule Of Offsetting Derivative Assets And Liabilities [Table Text Block] |
|  |  |  |  |  |  |  |  |  |  |  |  |  | Gross Amount |  |  |  |  |
|  |  |  |  |  |  |  |  |  |  |  |  |  | Not Offset in the |  |  |  |  |
|  |  |  |  |  |  |  |  |  |  |  |  |  | Consolidated |  |  |  |  |
|  |  |  |  |  |  |  |  |  |  |  |  |  | Balance Sheets |  |  |  |  |
|  | Gross Amount |  |  | Gross Amount |  |  | Net Amount |  |  |  |  |  |  |  |  |
|  | Recognized in the |  |  | Offset in the |  |  | Presented in the |  |  |  |  |  |  |  |  |
|  | Consolidated |  |  | Consolidated |  |  | Consolidated |  |  | Cash Collateral |  |  |  |  |
(dollars in thousands) |  | Balance Sheets |  |  | Balance Sheets |  |  | Balance Sheets |  |  | Pledged (Received) |  |  | Net Amount |
March 31, 2025 |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Derivative assets: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Interest rate swaps − Company (1) |  | $ | 15 |  |  | $ | — |  |  | $ | 15 |  |  | $ | (25 | ) |  | $ | (10 | )
Interest rate swaps − dealer bank (1) |  |  | 3,882 |  |  |  | — |  |  |  | 3,882 |  |  |  | (1,885 | ) |  |  | 1,997 |
Interest rate swaps − customer (2) |  |  | 5,494 |  |  |  | — |  |  |  | 5,494 |  |  |  | — |  |  |  | 5,494 |
To-be-announced mortgage backed securities |  |  | — |  |  |  | — |  |  |  | — |  |  |  | — |  |  |  | — |
Total |  | $ | 9,391 |  |  | $ | — |  |  | $ | 9,391 |  |  | $ | (1,910 | ) |  | $ | 7,481 |
Derivative liabilities: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Interest rate swaps − Company (1) |  | $ | 84 |  |  | $ | — |  |  | $ | 84 |  |  | $ | — |  |  | $ | 84 |
Interest rate swaps − dealer bank (1) |  |  | 5,592 |  |  |  | — |  |  |  | 5,592 |  |  |  | — |  |  |  | 5,592 |
Interest rate swaps − customer (2) |  |  | 3,994 |  |  |  | — |  |  |  | 3,994 |  |  |  | — |  |  |  | 3,994 |
To-be-announced mortgage backed securities |  |  | 95 |  |  |  | — |  |  |  | 95 |  |  |  | — |  |  |  | 95 |
Total |  | $ | 9,765 |  |  | $ | — |  |  | $ | 9,765 |  |  | $ | — |  |  | $ | 9,765 |
|  |  |  |  |  |  |  |  |  |  |  |  |  | Gross Amount |  |  |  |  |
|  |  |  |  |  |  |  |  |  |  |  |  |  | Not Offset in the |  |  |  |  |
|  |  |  |  |  |  |  |  |  |  |  |  |  | Consolidated |  |  |  |  |
|  |  |  |  |  |  |  |  |  |  |  |  |  | Balance Sheets |  |  |  |  |
|  | Gross Amount |  |  | Gross Amount |  |  | Net Amount |  |  |  |  |  |  |  |  |
|  | Recognized in the |  |  | Offset in the |  |  | Presented in the |  |  |  |  |  |  |  |  |
|  | Consolidated |  |  | Consolidated |  |  | Consolidated |  |  | Cash Collateral |  |  |  |  |
(dollars in thousands) |  | Balance Sheets |  |  | Balance Sheets |  |  | Balance Sheets |  |  | Pledged (Received) |  |  | Net Amount |
December 31, 2024 |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Derivative assets: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Interest rate swaps − Company (1) |  | $ | 626 |  |  | $ | — |  |  | $ | 626 |  |  | $ | (683 | ) |  | $ | (57 | )
Interest rate swaps − dealer bank (1) |  |  | 5,606 |  |  |  | — |  |  |  | 5,606 |  |  |  | (177 | ) |  |  | 5,429 |
Interest rate swaps − customer (2) |  |  | 2,576 |  |  |  |  |  |  |  | 2,576 |  |  |  |  |  |  |  | 2,576 |
To-be-announced mortgage backed securities |  |  | 35 |  |  |  | — |  |  |  | 35 |  |  |  | — |  |  |  | 35 |
Total |  | $ | 8,843 |  |  | $ | — |  |  | $ | 8,843 |  |  | $ | (860 | ) |  | $ | 7,983 |
Derivative liabilities: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Interest rate swaps − Company (1) |  | $ | 21 |  |  | $ | — |  |  | $ | 21 |  |  | $ | 59 |  |  | $ | (38 | )
Interest rate swaps − dealer bank (1) |  |  | 2,863 |  |  |  |  |  |  |  | 2,863 |  |  |  | 3,841 |  |  |  | (978 | )
Interest rate swaps − customer (2) |  |  | 5,716 |  |  | $ | — |  |  |  | 5,716 |  |  |  | — |  |  |  | 5,716 |
To-be-announced mortgage backed securities |  |  | — |  |  |  | — |  |  |  | — |  |  |  | — |  |  |  | — |
Total |  | $ | 8,600 |  |  | $ | — |  |  | $ | 8,600 |  |  | $ | 3,900 |  |  | $ | 4,700 |

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