v3.26.1
Derivative Financial Instruments (Tables)
 3 Months Ended
Mar. 31, 2026
Derivative Instruments and Hedging Activities Disclosure [Abstract]  
Schedule of Fair Value of Derivative Instruments on Balance Sheet
The table below presents the fair value of the Company’s derivative financial instruments as well as their classification on the Condensed Consolidated Balance Sheets as of March 31, 2026 and December 31, 2025.
Asset Derivatives Fair Value atLiability Derivatives Fair Value at
(Dollars in thousands)March 31, 2026December 31, 2025Balance Sheet ClassificationMarch 31, 2026December 31, 2025Balance Sheet Classification
Interest rate swaps$7,395 $6,691 Other assets, net$— $— Other liabilities, net
Offsetting of Derivative Assets (as of March 31, 2026)
Gross Amounts Not Offset in the Condensed Consolidated Balance Sheets
(In thousands)Gross Amounts of Recognized AssetsGross Amounts Offset in the Condensed Consolidated Balance SheetNet Amounts of Assets in the Condensed Consolidated Balance SheetsFinancial InstrumentsCash Collateral ReceivedNet Amount
Derivatives$7,395 $— $7,395 $— $— $7,395 

Offsetting of Derivative Assets (as of December 31, 2025)
Gross Amounts Not Offset in the Condensed Consolidated Balance Sheets
(In thousands)Gross Amounts of Recognized AssetsGross Amounts Offset in the Condensed Consolidated Balance SheetNet Amounts of Assets in the Condensed Consolidated Balance SheetsFinancial InstrumentsCash Collateral ReceivedNet Amount
Derivatives$6,691 $— $6,691 $— $— $6,691 
Schedule of Cash Flow Hedging
The table below details the location in the financial statements of the gain or loss recognized on interest rate derivatives designated as cash flow hedges for the three months ended March 31, 2026 and 2025.
Three Months Ended
March 31,
(Dollars in thousands)20262025
Amount of unrealized gain (loss) recognized in OCI on derivative$1,923 $(3,413)
Amount of gain reclassified from AOCI into interest expense$(1,219)$(1,816)
Total interest expense presented in the Condensed Consolidated Statements of Income in which the effects of the cash flow hedges are recorded
$6,799 $6,352