XML 40 R28.htm IDEA: XBRL DOCUMENT
v3.25.2

DERIVATIVE FINANCIAL INSTRUMENTS AND HEDGING ACTIVITIES (Tables) | 6 Months Ended
--- | ---
Jun. 30, 2025
DERIVATIVE FINANCIAL INSTRUMENTS AND HEDGING ACTIVITIES |
Schedule of Information About Derivative Assets and Liabilities | ​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
​ | ​ | June 30, 2025
​ | ​ | ​ | ​ | Weighted | ​ | ​ |  | ​
​ | ​ | Notional | ​ | Average | ​ | Fair Value | ​ | Location Fair
​ | ​ | Amount | ​ | Maturity | ​ | Asset (Liability) |  | Value Asset
​ |  | (in thousands) |  | (in years) |  | (in thousands) |  | (Liability)
Cash flow hedges: | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Interest rate swap on wholesale funding | ​ | $ | — |  | ​ | — | ​ | $ | — | ​ | Other assets
Interest rate swap on variable rate loans | ​ | ​ | 50,000 | ​ | ​ | 0.7 | ​ | ​ | (1,188) | ​ | Other liabilities
Total cash flow hedges | ​ |  | 50,000 |  | ​ | ​ | ​ | ​ | (1,188) | ​ | ​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Fair value hedges: | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Interest rate swap on securities | ​ |  | 37,190 |  | ​ | 4.1 | ​ |  | 2,744 | ​ | Other assets
Total fair value hedges | ​ |  | 37,190 |  | ​ | ​ | ​ | ​ | 2,744 | ​ | ​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Economic hedges: | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Forward sale commitments | ​ |  | 7,450 |  | ​ | — | ​ |  | (54) | ​ | Other liabilities
Customer Loan Swaps-MNA Counterparty | ​ | ​ | 255,282 | ​ | ​ | 3.8 | ​ | ​ | (7,678) | ​ | Other liabilities
Customer Loan Swaps-RPA Counterparty | ​ | ​ | 170,194 | ​ | ​ | 5.3 | ​ | ​ | (1,965) | ​ | Other liabilities
Customer Loan Swaps-Customer | ​ | ​ | 425,476 | ​ | ​ | 4.4 | ​ | ​ | 9,643 | ​ | Other assets
Total economic hedges | ​ |  | 858,402 |  | ​ | ​ | ​ | ​ | (54) | ​ | ​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Non-hedging derivatives: | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Interest rate lock commitments | ​ |  | 5,193 |  | ​ | 0.1 | ​ |  | 238 | ​ | Other assets
Total non-hedging derivatives | ​ |  | 5,193 |  | ​ | ​ | ​ | ​ | 238 | ​ | ​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Total | ​ | $ | 950,785 | ​ | ​ | ​ | ​ | $ | 1,740 | ​ | ​
​ ​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
​ | ​ | December 31, 2024
​ | ​ | ​ | ​ | Weighted | ​ | ​ |  | ​
​ | ​ | Notional | ​ | Average | ​ | Fair Value | ​ | Location Fair
​ | ​ | Amount | ​ | Maturity | ​ | Asset (Liability) |  | Value Asset
​ |  | (in thousands) |  | (in years) |  | (in thousands) |  | (Liability)
Cash flow hedges: |  | ​ |  |  | ​ |  |  | ​ |  | ​ | ​
Interest rate swap on wholesale funding | ​ | $ | 25,000 |  | ​ | 0.3 | ​ | $ | 261 | ​ | Other assets
Interest rate swap on variable rate loans | ​ | ​ | 50,000 | ​ | ​ | 1.2 | ​ | ​ | (2,036) | ​ | Other liabilities
Total cash flow hedges | ​ |  | 75,000 |  | ​ | ​ | ​ | ​ | (1,775) | ​ | ​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Fair value hedges: | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Interest rate swap on securities | ​ |  | 37,190 |  | ​ | 4.6 | ​ |  | 3,969 | ​ | Other assets
Total fair value hedges | ​ |  | 37,190 |  | ​ | ​ | ​ | ​ | 3,969 | ​ | ​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Economic hedges: | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Forward sale commitments | ​ | ​ | 4,786 |  | ​ | — | ​ |  | 13 | ​ | Other assets
Customer Loan Swaps-MNA Counterparty | ​ | ​ | 240,031 | ​ | ​ | 4.3 | ​ | ​ | (14,243) | ​ | Other liabilities
Customer Loan Swaps-RPA Counterparty | ​ | ​ | 162,302 | ​ | ​ | 5.2 | ​ | ​ | (286) | ​ | Other liabilities
Customer Loan Swaps-Customer | ​ | ​ | 402,333 | ​ | ​ | 4.7 | ​ | ​ | 14,529 | ​ | Other assets
Total economic hedges | ​ |  | 809,452 |  | ​ | ​ | ​ | ​ | 13 | ​ | ​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Non-hedging derivatives: | ​ |  | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Interest rate lock commitments | ​ |  | 3,760 |  | ​ | 0.1 | ​ |  | 85 | ​ | Other assets
Total non-hedging derivatives | ​ |  | 3,760 |  | ​ | ​ | ​ | ​ | 85 | ​ | ​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Total | ​ | $ | 925,402 | ​ | ​ | ​ | ​ | $ | 2,292 | ​ | ​
Schedule of Amounts Recorded On The Balance Sheet | ​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
​ |  | ​ |  | ​ | ​ |  | Cumulative Amount of Fair
​ | ​ | Location of Hedged Item on | ​ | Carrying Amount of Hedged | ​ | Value Hedging Adjustment in
​ |  | Balance Sheet |  | Assets |  | Carrying Amount
June 30, 2025 |  |  |  | ​ |  |  | ​ |
Interest rate swap on securities |  | Securities available for sale | ​ | $ | 29,208 | ​ | $ | (7,982)
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
December 31, 2024 |  |  | ​ |  |  | ​ |  |
Interest rate swap on securities |  | Securities available for sale | ​ | $ | 31,627 | ​ | $ | (5,563)
​
Schedule of Derivative Instruments Gain (Loss) | ​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
​ | ​ | Three Months Ended June 30, 2025
​ |  | Amount of |  | ​ |  | Amount of |  | ​ |  | ​
​ | ​ | Gain (Loss) | ​ | ​ | ​ | Gain (Loss) | ​ | ​ | ​ | ​
​ | ​ | Recognized in | ​ | ​ | ​ | Reclassified | ​ | Location of | ​ | Amount of
​ | ​ | Other | ​ | Location of Gain (Loss) | ​ | from Other | ​ | Gain (Loss) | ​ | Gain (Loss)
​ | ​ | Comprehensive | ​ | Reclassified from Other | ​ | Comprehensive | ​ | Recognized in | ​ | Recognized
(in thousands) |  | Income |  | Comprehensive Income |  | Income |  | Income |  | in Income
Cash flow hedges: |  | ​ |  |  |  |  | ​ |  |  |  |  | ​ |
Interest rate swap on wholesale funding | ​ | $ | (12) | ​ | Interest expense | ​ | $ | — |  | Interest expense | ​ | $ | 17
Interest rate swap on variable rate loans | ​ | ​ | 285 | ​ | Interest income | ​ | ​ | — | ​ | Interest income | ​ | ​ | (459)
Total cash flow hedges | ​ |  | 273 |  | ​ | ​ |  | — |  |  | ​ |  | (442)
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Fair value hedges: | ​ |  | ​ |  |  | ​ |  | ​ |  |  | ​ |  | ​
Interest rate swap on securities | ​ |  | (1,115) |  | Interest income | ​ |  | — |  | Interest income | ​ |  | 278
Total fair value hedges | ​ |  | (1,115) |  | ​ | ​ |  | — |  |  | ​ |  | 278
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Economic hedges: | ​ |  | ​ |  |  | ​ |  | ​ |  |  | ​ |  | ​
Forward commitments | ​ |  | — |  | Other income | ​ |  | — |  | Mortgage banking income | ​ |  | (46)
Total economic hedges | ​ |  | — |  | ​ | ​ |  | — |  |  | ​ |  | (46)
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Non-hedging derivatives: | ​ |  | ​ |  |  | ​ |  | ​ |  |  | ​ |  | ​
Interest rate lock commitments | ​ |  | — |  | Other income | ​ |  | — |  | Mortgage banking income | ​ |  | 124
Total non-hedging derivatives | ​ |  | — |  | ​ | ​ |  | — |  |  | ​ |  | 124
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Total | ​ | $ | (842) | ​ | ​ | ​ | $ | — |  |  | ​ | $ | (86)
​ ​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
​ | ​ | Three Months Ended June 30, 2024
​ |  | Amount of |  | ​ |  | Amount of |  | ​ |  | ​
​ | ​ | Gain (Loss) | ​ | ​ | ​ | Gain (Loss) | ​ | ​ | ​ | ​
​ | ​ | Recognized in | ​ | ​ | ​ | Reclassified | ​ | Location of | ​ | Amount of
​ | ​ | Other | ​ | Location of Gain (Loss) | ​ | from Other | ​ | Gain (Loss) | ​ | Gain (Loss)
​ | ​ | Comprehensive | ​ | Reclassified from Other | ​ | Comprehensive | ​ | Recognized in | ​ | Recognized
(in thousands) | ​ | Income | ​ | Comprehensive Income | ​ | Income | ​ | Income | ​ | in Income
Cash flow hedges: |  | ​ |  |  |  | ​ |  |  |  |  |  | ​ |
Interest rate swap on wholesale funding | ​ | $ | (528) |  | Interest expense | ​ | $ | — |  | Interest expense | ​ | $ | 828
Interest rate swap on variable rate loans | ​ | ​ | 262 | ​ | Interest income | ​ | ​ | — | ​ | Interest income | ​ | ​ | (585)
Total cash flow hedges | ​ | ​ | (266) | ​ | ​ | ​ |  | — |  | ​ | ​ |  | 243
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Fair value hedges: | ​ | ​ | ​ |  |  | ​ |  | ​ |  |  | ​ |  | ​
Interest rate swap on securities | ​ |  | 28 |  | Interest income | ​ |  | — |  | Interest income | ​ |  | 371
Total economic hedges | ​ | ​ | 28 | ​ | ​ | ​ |  | — |  |  | ​ |  | 371
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Economic hedges: | ​ | ​ | ​ |  |  | ​ |  | ​ |  |  | ​ |  | ​
Forward commitments | ​ |  | — |  | Other income | ​ |  | — |  | Mortgage banking income | ​ |  | 31
Total economic hedges | ​ | ​ | — | ​ | ​ | ​ |  | — |  |  | ​ |  | 31
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Non-hedging derivatives: | ​ |  | ​ |  |  | ​ |  | ​ |  |  | ​ |  | ​
Interest rate lock commitments | ​ |  | — |  | Other income | ​ |  | — |  | Mortgage banking income | ​ |  | 90
Total non-hedging derivatives | ​ | ​ | — | ​ | ​ | ​ |  | — |  |  | ​ |  | 90
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Total | ​ | $ | (238) |  |  | ​ | $ | — |  |  | ​ | $ | 735
​ ​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
​ | ​ | Six Months Ended June 30, 2025
​ |  | Amount of |  | ​ |  | Amount of |  | ​ |  | ​
​ | ​ | Gain (Loss) | ​ | ​ | ​ | Gain (Loss) | ​ | ​ | ​ | ​
​ | ​ | Recognized in | ​ | ​ | ​ | Reclassified | ​ | Location of | ​ | Amount of
​ | ​ | Other | ​ | Location of Gain (Loss) | ​ | from Other | ​ | Gain (Loss) | ​ | Gain (Loss)
​ | ​ | Comprehensive | ​ | Reclassified from Other | ​ | Comprehensive | ​ | Recognized in | ​ | Recognized
(in thousands) |  | Income |  | Comprehensive Income |  | Income |  | Income |  | in Income
Cash flow hedges: |  | ​ |  |  |  |  | ​ |  |  |  |  | ​ |
Interest rate swap on wholesale funding | ​ | $ | (200) | ​ | Interest expense | ​ | $ | — |  | Interest expense | ​ | $ | 269
Interest rate swap on variable rate loans | ​ | ​ | 656 | ​ | Interest income | ​ | ​ | — | ​ | Interest income | ​ | ​ | (914)
Total cash flow hedges | ​ |  | 456 |  | ​ | ​ |  | — |  |  | ​ |  | (645)
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Fair value hedges: | ​ |  | ​ |  |  | ​ |  | ​ |  |  | ​ |  | ​
Interest rate swap on securities | ​ |  | (2,768) |  | Interest income | ​ |  | — |  | Interest income | ​ |  | 552
Total fair value hedges | ​ |  | (2,768) |  | ​ | ​ |  | — |  |  | ​ |  | 552
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Economic hedges: | ​ |  | ​ |  |  | ​ |  | ​ |  |  | ​ |  | ​
Forward commitments | ​ |  | — |  | Other income | ​ |  | — |  | Mortgage banking income | ​ |  | (67)
Total economic hedges | ​ |  | — |  | ​ | ​ |  | — |  |  | ​ |  | (67)
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Non-hedging derivatives: | ​ |  | ​ |  |  | ​ |  | ​ |  |  | ​ |  | ​
Interest rate lock commitments | ​ |  | — |  | Other income | ​ |  | — |  | Mortgage banking income | ​ |  | 153
Total non-hedging derivatives | ​ |  | — |  | ​ | ​ |  | — |  |  | ​ |  | 153
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Total | ​ | $ | (2,312) | ​ | ​ | ​ | $ | — |  |  | ​ | $ | (7)
​ ​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
​ | ​ | Six Months Ended June 30, 2024
​ |  | Amount of |  | ​ |  | Amount of |  | ​ |  | ​
​ | ​ | Gain (Loss) | ​ | ​ | ​ | Gain (Loss) | ​ | ​ | ​ | ​
​ | ​ | Recognized in | ​ | ​ | ​ | Reclassified | ​ | Location of | ​ | Amount of
​ | ​ | Other | ​ | Location of Gain (Loss) | ​ | from Other | ​ | Gain (Loss) | ​ | Gain (Loss)
​ | ​ | Comprehensive | ​ | Reclassified from Other | ​ | Comprehensive | ​ | Recognized in | ​ | Recognized
(in thousands) | ​ | Income | ​ | Comprehensive Income | ​ | Income | ​ | Income | ​ | in Income
Cash flow hedges: |  | ​ |  |  |  | ​ |  |  |  |  |  | ​ |
Interest rate swap on wholesale funding | ​ | $ | (866) |  | Interest expense | ​ | $ | — |  | Interest expense | ​ | $ | 1,655
Interest rate swap on variable rate loans | ​ | ​ | 151 | ​ | Interest income | ​ | ​ | — | ​ | Interest income | ​ | ​ | (1,170)
Total cash flow hedges | ​ | ​ | (715) | ​ | ​ | ​ |  | — |  | ​ | ​ |  | 485
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Fair value hedges: | ​ | ​ | ​ |  |  | ​ |  | ​ |  |  | ​ |  | ​
Interest rate swap on securities | ​ |  | (240) |  | Interest income | ​ |  | — |  | Interest income | ​ |  | 741
Total economic hedges | ​ | ​ | (240) | ​ | ​ | ​ |  | — |  |  | ​ |  | 741
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Economic hedges: | ​ | ​ | ​ |  |  | ​ |  | ​ |  |  | ​ |  | ​
Forward commitments | ​ |  | — |  | Other income | ​ |  | — |  | Mortgage banking income | ​ |  | 35
Total economic hedges | ​ | ​ | — | ​ | ​ | ​ |  | — |  |  | ​ |  | 35
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Non-hedging derivatives: | ​ |  | ​ |  |  | ​ |  | ​ |  |  | ​ |  | ​
Interest rate lock commitments | ​ |  | — |  | Other income | ​ |  | — |  | Mortgage banking income | ​ |  | 83
Total non-hedging derivatives | ​ | ​ | — | ​ | ​ | ​ |  | — |  |  | ​ |  | 83
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Total | ​ | $ | (955) |  |  | ​ | $ | — |  |  | ​ | $ | 1,344
Schedule of Gain Loss in Statement of Income | ​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
​ | ​ | Three Months Ended June 30, 2025
​ | ​ | Interest and Dividend Income | ​ | Interest Expense | ​ | ​ | ​
(in thousands) |  | Loans | ​ | Securities and other |  | Deposits | ​ | Borrowings |  | Non-interest Income
Income and expense line items presented in the consolidated statements of income |  | $ | 42,726 | ​ | $ | 5,474 | ​ | $ | 15,511 | ​ | $ | 3,282 | ​ | $ | 4,646
​ |  | ​ |  | ​ | ​ | ​ |  | ​ |  | ​ | ​ | ​ |  | ​ |
The effects of cash flow and fair value hedging: | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
​ | ​ |  |  | ​ | ​ | ​ | ​ |  |  | ​ | ​ | ​ | ​ |  |
Gain (loss) on cash flow hedges: | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Interest rate swap on wholesale funding | ​ | ​ | — | ​ | ​ | — | ​ | ​ | — | ​ | ​ | 17 | ​ | ​ | —
Interest rate swap on variable rate loans | ​ |  | (459) | ​ | ​ | — | ​ |  | — | ​ | ​ | — | ​ |  | —
​ | ​ |  |  | ​ | ​ | ​ | ​ |  |  | ​ | ​ | ​ | ​ |  |
Gain (loss) on fair value hedges: | ​ |  | ​ | ​ | ​ | ​ | ​ |  |  | ​ | ​ | ​ | ​ |  |
Interest rate swap on securities | ​ | ​ | — | ​ | ​ | 278 | ​ | ​ | — | ​ | ​ | — | ​ | ​ | —
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
​ | ​ | Three Months Ended June 30, 2024
​ | ​ | Interest and Dividend Income | ​ | Interest Expense | ​ | ​ | ​
(in thousands) |  | Loans | ​ | Securities and other |  | Deposits | ​ | Borrowings |  | Non-interest Income
Income and expense line items presented in the consolidated statements of income |  | $ | 40,634 | ​ | $ | 6,204 | ​ | $ | 14,780 | ​ | $ | 4,299 | ​ | $ | 9,633
​ |  | ​ |  | ​ | ​ | ​ |  | ​ |  | ​ | ​ | ​ |  | ​ |
The effects of cash flow and fair value hedging: | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
​ | ​ |  |  | ​ | ​ | ​ | ​ |  |  | ​ | ​ | ​ | ​ |  |
Gain (loss) on cash flow hedges: | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Interest rate swap on wholesale funding | ​ | ​ | — | ​ | ​ | — | ​ | ​ | — | ​ | ​ | 828 | ​ | ​ | —
Interest rate swap on variable rate loans | ​ |  | (585) | ​ | ​ | — | ​ |  | — | ​ | ​ | — | ​ |  | —
​ | ​ |  |  | ​ | ​ | ​ | ​ |  |  | ​ | ​ | ​ | ​ |  |
Gain (loss) on fair value hedges: | ​ |  | ​ | ​ | ​ | ​ | ​ |  |  | ​ | ​ | ​ | ​ |  |
Interest rate swap on securities | ​ | ​ | — | ​ | ​ | 371 | ​ | ​ | — | ​ | ​ | — | ​ | ​ | —
​ ​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
​ | ​ | Six Months Ended June 30, 2025
​ | ​ | Interest and Dividend Income | ​ | Interest Expense | ​ | ​ | ​
(in thousands) |  | Loans | ​ | Securities and other |  | Deposits | ​ | Borrowings |  | Non-interest Income
Income and expense line items presented in the consolidated statements of income |  | $ | 84,530 | ​ | $ | 10,757 | ​ | $ | 31,023 | ​ | $ | 6,301 | ​ | $ | 13,564
​ |  | ​ |  | ​ | ​ | ​ |  | ​ |  | ​ | ​ | ​ |  | ​ |
The effects of cash flow and fair value hedging: | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
​ | ​ |  |  | ​ | ​ | ​ | ​ |  |  | ​ | ​ | ​ | ​ |  |
Gain (loss) on cash flow hedges: | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Interest rate swap on wholesale funding | ​ | ​ | — | ​ | ​ | — | ​ | ​ | — | ​ | ​ | 269 | ​ | ​ | —
Interest rate swap on variable rate loans | ​ |  | (914) | ​ | ​ | — | ​ |  | — | ​ | ​ | — | ​ |  | —
​ | ​ |  |  | ​ | ​ | ​ | ​ |  |  | ​ | ​ | ​ | ​ |  |
Gain (loss) on fair value hedges: | ​ |  | ​ | ​ | ​ | ​ | ​ |  |  | ​ | ​ | ​ | ​ |  |
Interest rate swap on securities | ​ | ​ | — | ​ | ​ | 552 | ​ | ​ | — | ​ | ​ | — | ​ | ​ | —
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
​ | ​ | Six Months Ended June 30, 2024
​ | ​ | Interest and Dividend Income | ​ | Interest Expense | ​ | ​ | ​
(in thousands) |  | Loans | ​ | Securities and other |  | Deposits | ​ | Borrowings |  | Non-interest Income
Income and expense line items presented in the consolidated statements of income |  | $ | 80,104 | ​ | $ | 12,557 | ​ | $ | 29,312 | ​ | $ | 7,535 | ​ | $ | 18,219
​ |  | ​ |  | ​ | ​ | ​ |  | ​ |  | ​ | ​ | ​ |  | ​ |
The effects of cash flow and fair value hedging: | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
​ | ​ |  |  | ​ | ​ | ​ | ​ |  |  | ​ | ​ | ​ | ​ |  |
Gain (loss) on cash flow hedges: | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Interest rate swap on wholesale funding | ​ | ​ | — | ​ | ​ | — | ​ | ​ | — | ​ | ​ | 1,655 | ​ | ​ | —
Interest rate swap on variable rate loans | ​ |  | (1,169) | ​ | ​ | — | ​ |  | — | ​ | ​ | — | ​ |  | —
​ | ​ |  |  | ​ | ​ | ​ | ​ |  |  | ​ | ​ | ​ | ​ |  |
Gain (loss) on fair value hedges: | ​ |  | ​ | ​ | ​ | ​ | ​ |  |  | ​ | ​ | ​ | ​ |  |
Interest rate swap on securities | ​ | ​ | — | ​ | ​ | 741 | ​ | ​ | — | ​ | ​ | — | ​ | ​ | —
​
Schedule of derivatives no designated as hedging instruments on the consolidated statements of income | ​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
​ | ​ | Location of Gain (Loss) Recognized | ​ | Three Months Ended June 30, | ​ | Six Months Ended June 30,
(In thousands) | ​ | in Non-interest Income | ​ | 2025 | ​ | ​ | 2024 | ​ | 2025 | ​ | ​ | 2024
Economic hedges: | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Forward commitments | ​ | Mortgage banking income | ​ | $ | (46) | ​ | $ | 31 | ​ | $ | (67) | ​ | $ | 35
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Non-hedging derivatives: | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Interest rate lock commitments | ​ | Mortgage banking income | ​ | ​ | 124 | ​ | ​ | 90 | ​ | ​ | 153 | ​ | ​ | 83
Schedule of Offsetting Liabilities | ​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
​ | ​ | Gross Amounts Offset in the Consolidated Balance Sheet
​ | ​ | Derivative | ​ | ​ | ​ | Cash Collateral | ​ | ​ | ​
(in thousands) |  | Liabilities |  | Derivative Assets |  | Pledged |  | Net Amount
As of June 30, 2025 | ​ |  | ​ | ​ |  | ​ | ​ |  | ​ | ​ |  | ​
Customer Loan Derivatives: |  | ​ |  |  | ​ |  |  | ​ |  |  | ​ |
MNA counterparty | ​ | $ | (7,678) | ​ | $ | 7,678 | ​ | $ | — | ​ | $ | —
RPA counterparty | ​ |  | (1,965) | ​ |  | 1,965 | ​ |  | — | ​ |  | —
Total | ​ | $ | (9,643) | ​ | $ | 9,643 | ​ | $ | — | ​ | $ | —
​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
​ | ​ | Gross Amounts Offset in the Consolidated Balance Sheet
​ | ​ | Derivative | ​ | ​ | ​ | Cash Collateral | ​ | ​ | ​
(in thousands) |  | Liabilities |  | Derivative Assets |  | Pledged |  | Net Amount
As of December 31, 2024 | ​ |  | ​ | ​ |  | ​ | ​ |  | ​ | ​ |  | ​
Customer Loan Derivatives: |  | ​ |  |  | ​ |  |  | ​ |  |  | ​ |
MNA counterparty | ​ | $ | (14,243) | ​ | $ | 14,243 | ​ | $ | — | ​ | $ | —
RPA counterparty | ​ |  | (286) | ​ |  | 286 | ​ |  | — | ​ |  | —
Total | ​ | $ | (14,529) | ​ | $ | 14,529 | ​ | $ | — | ​ | $ | —

X
- References No definition available. + Details
Name: | us-gaap_DerivativeInstrumentsAndHedgingActivitiesDisclosureAbstract
Namespace Prefix: | us-gaap_
Data Type: | xbrli:stringItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of derivative and other financial liabilities that are subject to offsetting, including master netting arrangements. + References Reference 1: http://www.xbrl.org/2003/role/disclosureRef -Topic 815 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 7A -Publisher FASB -URI https://asc.fasb.org/1943274/2147480434/815-10-50-7A Reference 2: http://www.xbrl.org/2009/role/commonPracticeRef -Topic 210 -SubTopic 20 -Name Accounting Standards Codification -Section 55 -Paragraph 10 -Publisher FASB -URI https://asc.fasb.org/1943274/2147483444/210-20-55-10 Reference 3: http://www.xbrl.org/2003/role/exampleRef -Topic 210 -SubTopic 20 -Name Accounting Standards Codification -Section 55 -Paragraph 22 -Publisher FASB -URI https://asc.fasb.org/1943274/2147483444/210-20-55-22 Reference 4: http://www.xbrl.org/2003/role/exampleRef -Topic 210 -SubTopic 20 -Name Accounting Standards Codification -Section 55 -Paragraph 21 -Publisher FASB -URI https://asc.fasb.org/1943274/2147483444/210-20-55-21 Reference 5: http://www.xbrl.org/2003/role/exampleRef -Topic 210 -SubTopic 20 -Name Accounting Standards Codification -Section 55 -Paragraph 20 -Publisher FASB -URI https://asc.fasb.org/1943274/2147483444/210-20-55-20 Reference 6: http://www.xbrl.org/2003/role/disclosureRef -Topic 210 -SubTopic 20 -Name Accounting Standards Codification -Section 50 -Paragraph 3 -Publisher FASB -URI https://asc.fasb.org/1943274/2147483466/210-20-50-3 Reference 7: http://www.xbrl.org/2003/role/disclosureRef -Topic 210 -SubTopic 20 -Name Accounting Standards Codification -Section 50 -Paragraph 4 -Publisher FASB -URI https://asc.fasb.org/1943274/2147483466/210-20-50-4 + Details
Name: | us-gaap_OffsettingLiabilitiesTableTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- 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
Name: | us-gaap_ScheduleOfDerivativeInstrumentsGainLossInStatementOfFinancialPerformanceTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of the location and fair value amounts of derivative instruments (and nonderivative instruments that are designated and qualify as hedging instruments) reported in the statement of financial position. + References Reference 1: http://www.xbrl.org/2003/role/exampleRef -Topic 815 -SubTopic 10 -Name Accounting Standards Codification -Section 55 -Paragraph 182 -Publisher FASB -URI https://asc.fasb.org/1943274/2147480401/815-10-55-182 Reference 2: http://www.xbrl.org/2003/role/disclosureRef -Topic 815 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 4A -Subparagraph (a) -Publisher FASB -URI https://asc.fasb.org/1943274/2147480434/815-10-50-4A Reference 3: 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 Reference 4: http://www.xbrl.org/2003/role/disclosureRef -Topic 815 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 4B -Publisher FASB -URI https://asc.fasb.org/1943274/2147480434/815-10-50-4B + Details
Name: | us-gaap_ScheduleOfDerivativeInstrumentsInStatementOfFinancialPositionFairValueTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of pertinent information about a derivative or group of derivatives on a disaggregated basis, such as for individual instruments, or small groups of similar instruments. May include a combination of the type of instrument, risks being hedged, notional amount, hedge designation, related hedged item, inception date, maturity date, or other relevant item. + References No definition available. + Details
Name: | us-gaap_ScheduleOfDerivativeInstrumentsTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of derivative instruments (including nonderivative instruments that are designated and qualify as hedging instruments) of (a) the location and amount of gains and losses reported in the statement of financial performance and (b) the location and fair value amounts of the instruments reported in the statement of financial position. + References Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef -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 Reference 2: http://www.xbrl.org/2009/role/commonPracticeRef -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 + Details
Name: | us-gaap_ScheduleOfDerivativesInstrumentsStatementsOfFinancialPerformanceAndFinancialPositionLocationTableTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of derivative instrument not designated or qualifying as hedging instrument. + References Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef -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/2009/role/commonPracticeRef -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 Reference 3: http://www.xbrl.org/2009/role/commonPracticeRef -Topic 815 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 4A -Publisher FASB -URI https://asc.fasb.org/1943274/2147480434/815-10-50-4A Reference 4: http://www.xbrl.org/2009/role/commonPracticeRef -Topic 815 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 4B -Publisher FASB -URI https://asc.fasb.org/1943274/2147480434/815-10-50-4B + Details
Name: | us-gaap_ScheduleOfOtherDerivativesNotDesignatedAsHedgingInstrumentsStatementsOfFinancialPerformanceAndFinancialPositionLocationTableTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration