Derivative Financial Instruments (Tables)

6 Months Ended

Jun. 30, 2025

Derivative Instruments and Hedging Activities Disclosure [Abstract]

Fair Value of Derivative Instruments

As of June 30, 2025 and December 31, 2024, the notional amount, the location of the asset and liability, and their respective fair values, are summarized in the tables below.


		June 30, 2025
		Asset Derivatives										Liability Derivatives
		Notional				Balance Sheet Location		Fair Value				Notional				Balance Sheet Location		Fair Value
		(Dollars in thousands)
Derivatives not designated as hedging instruments:
Interest rate swaps		$	352,677			Other assets		$	188			$	352,677			Other liabilities		$	188
Total derivatives								$	188									$	188

Derivatives designated as hedging instruments:
Fair value hedges: interest rate swaps		$	700,000			Other assets		$	—							Other liabilities		$	9,585
Cash flow hedges: interest rate swaps						Other assets			—				300,000			Other liabilities			2,855
Total								$	—									$	12,440


		December 31, 2024
		Asset Derivatives										Liability Derivatives
		Notional				Balance Sheet Location		Fair Value				Notional				Balance Sheet Location		Fair Value
		(Dollars in thousands)
Derivatives not designated as hedging instruments:
Interest rate swaps		$	363,440			Other assets		$	30			$	363,440			Other liabilities		$	30
Total derivatives								$	30									$	30

Derivatives designated as hedging instruments:
Fair value hedges: interest rate swaps		$	700,000			Other assets		$	7,222			$	—			Other liabilities		$	—
Cash flow hedges: interest rate swaps			—			Other assets			—				300,000			Other liabilities			517
Total								$	7,222									$	517

Effect of Derivative Instruments on Consolidated Statement of Earnings

The following table summarizes the effect of derivative financial instruments on the condensed consolidated statements of earnings for the periods presented.


		Location of Gain Recognized in Income on Derivative Instruments		Amount of Gain Recognized in Income on Derivative Instruments
				Three Months Ended June 30,								Six Months Ended June 30,
				2025				2024				2025				2024
				(Dollars in thousands)
Derivatives Not Designated as Hedging Instruments:
Interest rate swaps		Other income		$	—			$	—			$	—			$	—
Total				$	—			$	—			$	—			$	—


		Location of Gain Recognized in Income on Derivative Instruments		Amount of Gains (Losses) Recognized in Interest Income on Derivative Instruments																OCI Impact on Derivatives-Gains (Losses) recorded in OCI
				Three Months Ended June 30,								Six Months Ended June 30,								Three Months Ended June 30,								Six Months Ended June 30,
				2025				2024				2025				2024				2025				2024				2025				2024
				(Dollars in thousands)																(Dollars in thousands)
Derivatives Designated as Hedging Instruments:
Fair value hedges: interest rate swaps		Interest income		$	1,257			$	4,097			$	2,309			$	7,784			$	(6,124	)		$	1,888			$	(6,905	)		$	14,758
Cash flow hedges: interest rate swaps		Interest expense			162				918				330				1,096				(425	)			560				(2,015	)			1,116
Total				$	1,419			$	5,015			$	2,639			$	8,880			$	(6,549	)		$	2,448			$	(8,920	)		$	15,874