v3.25.1
Derivative Financial Instruments (Tables)
 3 Months Ended
Mar. 31, 2025
Derivative Instruments and Hedging Activities Disclosure [Abstract]  
Schedule of Derivative Instruments in Balance Sheet
The notional amounts and estimated fair values as of March 31, 2025 and December 31, 2024 are as shown in the table below.

 March 31, 2025December 31, 2024
Estimated Fair ValueEstimated Fair Value
 Notional
Amount		Asset DerivativeLiability DerivativeNotional
Amount		Asset DerivativeLiability Derivative
Derivatives designated as hedging instruments (cash flow hedges):
Interest rate swap on money market deposit account payments$— $— $— $250,000 $2,361 $— 
Interest rate swaps on variable rate funding sources275,000 129 2,423 275,000 201 1,821 
Interest rate swaps on customer loan interest payments375,000 — 32,676 375,000 — 39,517 
Interest rate collars on customer loan interest payments700,000 6,509 327 700,000 3,780 555 
Interest rate floor on customer loan interest payments200,000 1,634 — 200,000 1,444 — 
Total derivatives designated as hedging instruments$1,550,000 $8,272 $35,426 $1,800,000 $7,786 $41,893 
Derivatives not designated as hedging instruments:      
Financial institution counterparty:      
Interest rate swaps$852,742 $18,096 $3,965 $857,625 $25,328 $1,651 
Interest rate caps and collars5,500 — — 4,000 — — 
Commercial customer counterparty:
Interest rate swaps852,742 3,688 17,516 857,625 1,514 24,817 
Interest rate caps and collars5,500 — — 4,000 — — 
Total derivatives not designated as hedging instruments$1,716,484 $21,784 $21,481 $1,723,250 $26,842 $26,468 
Offsetting derivative assets/liabilities— (23,519)(23,519)— (28,239)(28,239)
Total derivatives$3,266,484 $6,537 $33,388 $3,523,250 $6,389 $40,122 
Schedule of Derivative Instruments, Gain (Loss)
Pre-tax (loss) gain included in the consolidated statements of income and related to derivative instruments for the three months ended March 31, 2025 and 2024 were as follows.
For the Three Months Ended March 31, 2025For the Three Months Ended March 31, 2024
(Loss) gain recognized in other comprehensive income on derivativeGain (loss) reclassified from AOCI into incomeLocation of (loss) gain reclassified from AOCI into incomeGain (loss) recognized in other comprehensive income on derivativeGain (loss) reclassified from AOCI into incomeLocation of (loss) gain reclassified from AOCI into income
Derivatives designated as hedging instruments (cash flow hedges):
Interest rate swap on borrowing advances$(1,082)$1,082 Interest Expense$(1,094)$1,094 Interest Expense
Interest rate swap on money market deposit account payments(3,035)2,402 Interest Expense1,849 3,439 Interest Expense
Interest rate swaps, collars and floors on customer loan interest payments10,833 (4,020)Interest Income(9,250)(5,369)Interest Income
Total$6,716 $(536)$(8,495)$(836)
Net gain recognized in other noninterest incomeNet gain recognized in other noninterest income
Derivatives not designated as hedging instruments:
Interest rate swaps, caps and collars$700 $449