v3.25.1
Note 18 - Derivative Instruments (Tables)
3 Months Ended
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