Derivatives and hedging activities (Tables)

3 Months Ended

Mar. 31, 2026

Derivatives and hedging activities

Schedule of amounts were recorded on the consolidated balance sheet related to cumulative basis adjustment for fair value hedges


Line Item in the Consolidated Balance Sheets in Which the Hedged Item is Included			Amortized Amount of the Hedged Assets/(Liabilities)						Cumulative Amount of Fair Value Hedging Adjustment Included in the Carrying Amount of the Hedged Assets/(Liabilities)
(Dollars in thousands)			March 31, 2026			December 31, 2025			March 31, 2026			December 31, 2025
AFS Securities (1)		$	136,306		$	139,219		$	147		$	303
Total		$	136,306		$	139,219		$	147		$	303

(1)

Fixed Rate AFS Securities. These amounts include the amortized cost basis of closed portfolios of fixed rate assets used to designate hedging relationships in which the hedged item is the stated amount of assets in the closed portfolio anticipated to be outstanding for the designated hedged period. At March 31, 2026, the amortized cost basis of the closed portfolios used in these hedging relationships was $136.3 million. The amounts of the designated hedged items were $25.0 million. At December 31, 2025, the amortized cost basis of the closed portfolios used in these hedging relationships was $139.2 million. The amounts of the designated hedged items were $75.0 million.

Schedule of fair value of derivative financial instruments and balance sheet classification


Fair Values of Derivative Instruments
			Derivative Assets													Derivative Liabilities

			As of March 31, 2026 (1)							As of December 31, 2025 (1)						As of March 31, 2026 (1)							As of December 31, 2025 (1)
(Dollars in thousands)			Notional Amount		Balance Sheet Location			Fair Value		Balance Sheet Location			Fair Value			Notional Amount		Balance Sheet Location			Fair Value		Balance Sheet Location			Fair Value
Derivatives designated as hedging instruments
Interest rate products		$			Other assets		$			Other assets		$			$	25,000		Other liabilities		$	158		Other liabilities		$	329
Total derivatives designated as hedging instruments							$					$								$	158				$	329

Derivatives not designated as hedging instruments
Interest rate products		$	408,661		Other assets		$	14,702		Other assets		$	15,896		$	408,661		Other liabilities		$	14,425		Other liabilities		$	15,659
Other contracts			37,321		Other assets			2		Other assets			2			6,919		Other liabilities					Other liabilities
Total derivatives not designated as hedging instruments							$	14,704				$	15,898							$	14,425				$	15,659

(1)	The notional asset amount of interest rate swaps and risk participation agreements were $408.7 million and $37.3 million, respectively, at March 31, 2026, and $368.5 million and $34.0 million, respectively, at December 31, 2025.

Schedule of effect of derivative financial instruments on Consolidated income and comprehensive income


			Location and Amount of Gain or (Loss)
			Recognized in Income on Fair Value and
			Cash Flow Hedging Relationships
			For the three months ended March 31,
			2026			2025
(Dollars in thousands)			Interest Income			Interest Income
Total amounts of income and expense line items presented in the statements of income and
comprehensive income in which the effects of fair value or cash flow hedges are recorded		$	(68)		$	255

The effects of fair value and cash flow hedging:
(Loss) or gain on fair value hedging relationships
Interest contracts
Hedged items			(157)			107
Derivatives designated as hedging instruments			89			148
in earnings based on an amortization approach
Gain or (loss) on cash flow hedging relationships
Interest contracts
Amount of (loss) reclassified from AOCI into income
Amount of gain reclassified from AOCI into income - Included Component
Amount of (loss) reclassified from AOCI into income - Excluded Component		$			$

Schedule of gain (loss) on derivative instruments not designated as hedging instruments


				Amount of Gain or (Loss)			Amount of Gain or (Loss)
				Recognized in			Recognized in
		Location of Gain or (Loss)		Income on Derivative			Income on Derivative
		Recognized in Income		Three Months Ended			Three Months Ended
(Dollars in thousands)		on Derivatives		March 31, 2026			March 31, 2025
Derivatives not designated as hedging instruments:
Interest rate products		Noninterest income (expense)		$	40		$	(63)
Other contracts		Noninterest income (expense)
Total				$	40		$	(63)

Fee income		Noninterest income		$	620		$	106

Schedule of offsetting derivatives

Offsetting of Derivative Assets

as of March 31, 2026

Gross Amounts Not Offset in the Balance Sheet

Gross

Net Amounts

Amounts of

Gross Amounts

of Assets

Recognized

Offset in the

presented in the

Financial

Cash Collateral

Net

(Dollars in thousands)

Assets

Balance Sheet

Balance Sheet

Instruments

Posted

Amount

Derivatives

$

14,702

$

$

14,702

$

$

10,060

$

4,642

Offsetting of Derivative Liabilities

as of March 31, 2026

Gross Amounts Not Offset in the Balance Sheet

Gross

Net Amounts

Amounts of

Gross Amounts

of Liabilities

Recognized

Offset in the

presented in the

Financial

Cash Collateral

Net

(Dollars in thousands)

Liabilities

Balance Sheet

Balance Sheet

Instruments

Posted⁽¹⁾

Amount

Derivatives

$

14,584

$

$

14,584

$

14,584

$

$

Offsetting of Derivative Assets

as of December 31, 2025

Gross Amounts Not Offset in the Balance Sheet

Gross

Net Amounts

Amounts of

Gross Amounts

of Assets

Recognized

Offset in the

presented in the

Financial

Cash Collateral

Net

(Dollars in thousands)

Assets

Balance Sheet

Balance Sheet

Instruments

Posted

Amount

Derivatives

$

15,896

$

$

15,896

$

$

8,960

$

6,936

Offsetting of Derivative Liabilities

as of December 31, 2025

Gross Amounts Not Offset in the Balance Sheet

Gross

Net Amounts

Amounts of

Gross Amounts

of Liabilities

Recognized

Offset in the

presented in the

Financial

Cash Collateral

Net

(Dollars in thousands)

Liabilities

Balance Sheet

Balance Sheet

Instruments

Posted⁽¹⁾

Amount

Derivatives

$

15,988

$

$

15,988

$

15,988

$

$

(1)	Cash collateral of $1.0 million and $2.2 million was paid as of March 31, 2026 and December 31, 2025, respectively, but not presented as an offset above.