The table below presents the fair value of our derivative financial instruments as well as their classification on the consolidated balance sheet.
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Derivative Assets |
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Derivative Liabilities |
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Fair Value at |
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Fair Value at |
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(Dollars in thousands) |
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Balance Sheet Location |
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June 30, 2025 |
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December 31, 2024 |
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Balance Sheet Location |
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June 30, 2025 |
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December 31, 2024 |
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Derivatives designated as hedging instruments: |
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Interest rate swaps |
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Derivative assets |
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$ |
11,838 |
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$ |
20,733 |
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Derivative liabilities |
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$ |
5,404 |
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$ |
473 |
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Total |
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$ |
11,838 |
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$ |
20,733 |
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$ |
5,404 |
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$ |
473 |
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The tabular disclosure of fair value provides the location that derivative assets and liabilities are presented on the consolidated balance sheets. Offsetting of Derivative Assets
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Gross
Amounts of |
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Gross
Amounts
Offset
in the
Consolidated |
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Net Amounts
of Assets
Presented
in the
Consolidated |
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Gross Amounts Not Offset in
the Consolidated Balance Sheet |
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(In thousands) |
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Recognized
Assets |
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Balance
Sheet |
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Balance
Sheet |
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Financial
Instruments |
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Cash Collateral
Received |
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Net Amount |
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June 30, 2025 |
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$ |
11,838 |
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$ |
— |
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$ |
11,838 |
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$ |
(3,004 |
) |
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$ |
— |
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$ |
8,834 |
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December 31, 2024 |
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20,733 |
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— |
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20,733 |
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(350 |
) |
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— |
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20,383 |
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Offsetting of Derivative Liabilities
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Gross
Amounts of |
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Gross
Amounts
Offset
in the
Consolidated |
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Net Amounts
of Liabilities
Presented
in the
Consolidated |
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Gross Amounts Not Offset in
the Consolidated Balance Sheet |
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(In thousands) |
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Recognized
Liabilities |
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Balance
Sheet |
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Balance
Sheet |
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Financial
Instruments |
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Cash Collateral
Posted |
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Net Amount |
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June 30, 2025 |
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$ |
5,404 |
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$ |
— |
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$ |
5,404 |
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$ |
(3,004 |
) |
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$ |
— |
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$ |
2,400 |
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December 31, 2024 |
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473 |
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— |
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473 |
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(350 |
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— |
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123 |
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