XML 47 R35.htm IDEA: XBRL DOCUMENT
v3.24.2.u1

Derivatives (Tables) | 6 Months Ended
--- | ---
Jun. 30, 2024
Derivative Instruments and Hedging Activities Disclosure [Abstract] |
Schedule of Carrying Value and Fair Value Hedging Adjustment of Portfolio Layer Method Hedged Asset | The following table represents the carrying value of the portfolio layer method hedged assets and the cumulative fair value hedging adjustments included in the carrying value of the hedged assets as of June 30, 2024 and December 31, 2023:
|  | June 30, 2024 |  | December 31, 2023
(Dollars in thousands) | Balance Sheet Location | Amortized Cost Basis | Hedged Asset | Basis Adjustment |  | Amortized Cost Basis | Hedged Asset | Basis Adjustment
Fixed rate mortgages | Loans receivable | $ | 469,177 |  | $ | 382,801 |  | $ | (1,284) |  |  | $ | 491,018 |  | $ | 390,297 |  | $ | 4,055 |
Fixed rate bonds | Investment securities available-for-sale | $ | 58,120 |  | $ | 50,000 |  | $ | 420 |  |  | $ | 59,270 |  | $ | 50,000 |  | $ | 1,570 |
Total hedged assets |  | $ | 527,297 |  | $ | 432,801 |  | $ | (864) |  |  | $ | 550,288 |  | $ | 440,297 |  | $ | 5,625 |
Schedule of Outstanding Financial Derivative Instruments | The following tables summarize outstanding financial derivative instruments as of June 30, 2024 and December 31, 2023:
|  | June 30, 2024
(Dollars in thousands) | Balance Sheet Location | Notional Amount | Fair Value of Asset (Liability) | Gain (Loss)
Fair value hedge of interest rate risk: |  |  |  |
Pay fixed rate swaps with counterparty | Accrued interest receivable and other assets | $ | 432,801 |  | $ | 405 |  | $ | 6,516 |
Not designated hedges of interest rate risk: |  |  |  |
Matched interest rate swaps with borrowers | Accrued interest receivable and other assets | 140,222 |  | 7,428 |  | 7,428 |
Matched interest rate swaps with counterparty | Accrued interest payable and other liabilities | 140,222 |  | (7,428) |  | (7,428) |
Total derivatives |  | $ | 713,245 |  | $ | 405 |  | $ | 6,516 |
|  | December 31, 2023
(Dollars in thousands) | Balance Sheet Location | Notional Amount | Fair Value of Asset (Liability) | Gain (Loss)
Fair value hedge of interest rate risk: |  |  |  |
Pay fixed rate swaps with counterparty | Accrued interest receivable and other assets | $ | 440,297 |  | $ | (6,111) |  | $ | (6,111) |
Not designated hedges of interest rate risk: |  |  |  |
Matched interest rate swaps with borrowers | Accrued interest receivable and other assets | 126,494 |  | 6,249 |  | 6,249 |
Matched interest rate swaps with counterparty | Accrued interest payable and other liabilities | 126,494 |  | (6,249) |  | (6,249) |
Total derivatives |  | $ | 693,285 |  | $ | (6,111) |  | $ | (6,111) |

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 for fair value 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://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Topic 815 -SubTopic 10 -Section 50 -Paragraph 4C -Subparagraph (a) -Publisher FASB -URI https://asc.fasb.org/1943274/2147480434/815-10-50-4C + Details
Name: | us-gaap_ScheduleOfFairValueHedgingInstrumentsStatementsOfFinancialPerformanceAndFinancialPositionLocationTableTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of interest rate derivatives, including, but not limited to, the fair value of the derivatives, statement of financial position location, and statement of financial performance location of these instruments. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Topic 815 -SubTopic 10 -Section 50 -Paragraph 4C -Publisher FASB -URI https://asc.fasb.org/1943274/2147480434/815-10-50-4C + Details
Name: | us-gaap_ScheduleOfInterestRateDerivativesTableTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration