Derivatives and Hedging Activities (Tables)

6 Months Ended

Jun. 30, 2025

Derivative Instruments and Hedging Activities Disclosure [Abstract]

Schedule of Hedged Forecasted Transaction Affects Earnings

The following table reflects the Company's derivative positions as of the date indicated below for interest rate derivatives which qualify as cash flow hedges for accounting purposes.


	At June 30, 2025
	Notional Amount		Average Maturity	Weighted Average Rate				Fair Value
				Current Rate Paid		Received Fixed Swap Rate
	(in thousands)		(in years)					(in thousands)
Interest rate swaps on loans	$	225,000	1.65	4.34	%	3.39	%	$	(776)


	At December 31, 2024
	Notional Amount		Average Maturity	Weighted Average Rate				Fair Value
				Current Rate Paid		Received Fixed Swap Rate
	(in thousands)		(in years)					(in thousands)
Interest rate swaps on loans	$	225,000	1.90	4.53	%	3.39	%	$	(2,033)

Schedule of Customer Related Derivative Positions

The following tables present the Company's customer related derivative positions for the periods indicated below for those derivatives not designated as hedging.


	Notional Amount Maturing
	Number of Positions	Less than 1 year		Less than 2 years		Less than 3 years		Less than 4 years		Thereafter		Total		Fair Value
	June 30, 2025
	(Dollars In Thousands)
Loan level derivatives
Receive fixed, pay variable	135	$	96,243	$	129,930	$	134,819	$168,517		$	896,366	$	1,425,875	$	47,011
Pay fixed, receive variable	135	96,243		129,930		134,819		168,517		896,366		1,425,875		47,011
Risk participation-out agreements	56	2,749		29,269		41,684		60,520		296,397		430,619		553
Risk participation-in agreements	10	—		25,654		—		29,087		46,193		100,934		179

Foreign exchange contracts
Buys foreign currency, sells U.S. currency	23	$	5,560	$	—	$	—	$	—	$	—	$	5,560	$	457
Sells foreign currency, buys U.S. currency	21	5,105		—		—		—		—		5,105		378


	Notional Amount Maturing
	Number of Positions	Less than 1 year		Less than 2 years		Less than 3 years		Less than 4 years		Thereafter		Total		Fair Value
	December 31, 2024
	(Dollars In Thousands)
Loan level derivatives
Receive fixed, pay variable	149	$	153,724	$	57,535	$	237,601	$	93,027	$	1,131,061	$	1,672,948	$	95,720
Pay fixed, receive variable	149	153,724		57,535		237,601		93,027		1,131,061		1,672,948		95,720
Risk participation-out agreements	68	33,305		5,847		59,464		52,828		388,287		539,731		495
Risk participation-in agreements	10	—		22,518		3,506		25,346		50,828		102,198		137

Foreign exchange contracts
Buys foreign currency, sells U.S. currency	26	$	5,849	$	—	$	—	$	—	$	—	$	5,849	$	459
Sells foreign currency, buys U.S. currency	24	5,408		—		—		—		—		5,408		482

Schedule of Offsetting Derivatives and Amounts Subject to Master Netting Agreements Not Offset in the Audited Consolidated Balance Sheet

The tables below present the offsetting of derivatives and amounts subject to master netting agreements not offset in the unaudited consolidated balance sheet at the dates indicated.


	At June 30, 2025
	Gross Amounts Recognized		Gross Amounts Offset in the Statement of Financial Position		Net Amounts Presented in the Statement of Financial Position		Gross Amounts Not Offset in the Statement of Financial Position				Net Amount
							Financial Instruments Pledged		Cash Collateral Pledged
	(In Thousands)
Asset derivatives
Derivatives designated as hedging instruments:
Interest rate derivatives	$	27	$	—	$	27	$	—	$	—	$	27
Derivatives not designated as hedging instruments:
Loan level derivatives	$	62,488	$	—	$	62,488	$	—	$	35,985	$	26,503
Risk participation-out agreements	553		—		553		—		—		553
Foreign exchange contracts	457		—		457		—		—		457
Total	$	63,525	$	—	$	63,525	$	—	$	35,985	$	27,540

Liability derivatives
Derivatives designated as hedging instruments:
Interest rate derivatives	$	802	$	—	$	802	$	—	$	—	$	802
Derivatives not designated as hedging instruments:
Loan level derivatives	$	62,488	$	—	$	62,488	$	—	$	910	$	61,578
Risk participation-in agreements	179		—		179		—		—		179
Foreign exchange contracts	378		—		378		—		—		378
Total	$	63,847	$	—	$	63,847	$	—	$	910	$	62,937


	At December 31, 2024
	Gross Amounts Recognized		Gross Amounts Offset in the Statement of Financial Position		Net Amounts Presented in the Statement of Financial Position		Gross Amounts Not Offset in the Statement of Financial Position				Net Amount
							Financial Instruments Pledged		Cash Collateral Pledged
	(In Thousands)
Asset derivatives
Derivatives designated as hedging instruments:
Interest rate derivatives	$	18	$	—	$	18	$	—	$	—	$	18
Derivatives not designated as hedging instruments:
Loan level derivatives	$	102,608	$	—	$	102,608	$	—	$	79,592	$	23,016
Risk participation-out agreements	495		—		495		—		—		495
Foreign exchange contracts	482		—		482		—		—		482
Total	$	103,603	$	—	$	103,603	$	—	$	79,592	$	24,011

Liability derivatives
Derivatives designated as hedging instruments:
Interest rate derivatives	$	2,051	$	—	$	2,051	$	—	$	—	$	2,051
Derivatives not designated as hedging instruments:
Loan level derivatives	$	102,608	$	—	$	102,608	$	—	$	870	$	101,738
Risk participation-in agreements	137		—		137		—		—		137
Foreign exchange contracts	459		—		459		—		—		459
Total	$	105,255	$	—	$	105,255	$	—	$	870	$	104,385

Schedule of Gain (Loss) of Derivatives

The Company has agreements with certain of its derivative counterparties that contain credit-risk-related contingent provisions. These provisions provide the counterparty with the right to terminate its derivative positions and require the Company to settle its obligations under the agreements if the Company defaults on certain of its indebtedness or if the Company fails to maintain its status as a well-capitalized institution.


	Fair Value
	Six Months Ended June 30, 2025		Six Months Ended June 30, 2024
	(Dollars in Thousands)

Derivatives designated as hedges	$	(776)	$	(4,788)
(Loss) gain in OCI on derivatives (effective portion), net of tax	$	(437)	$	(3,290)
Gain (loss) reclassified from OCI into interest income or interest expense (effective portion)	$	(1,068)	$	(2,206)