v3.26.1
Derivative Financial Instruments (Tables)
6 Months Ended
Jun. 30, 2026
Derivative Financial Instruments  
Summary of notional amounts and fair values of derivatives held

June 30, 2026

December 31, 2025

Fair Value

Fair Value

Notional

Asset

Liability

Notional

Asset

Liability

(dollars in thousands)

  ​

Amount

  ​

Derivatives(1)

  ​

Derivatives(2)

  ​

Amount

  ​

Derivatives(1)

  ​

Derivatives(2)

Derivatives designated as hedging instruments:

Interest rate swaps

$

58,125

$

8,529

$

$

60,000

$

7,470

$

Interest rate collars

100,000

(16)

100,000

59

Interest rate floors

900,000

3,099

300,000

1,665

Derivatives not designated as hedging instruments:

Interest rate swaps

2,938,125

10,172

(10,172)

3,018,578

12,328

(12,328)

Visa derivative

53,174

(2,300)

69,748

(2,300)

Foreign exchange contracts

704

807

(1)The positive fair values of derivative assets are included in other assets.
(2)The negative fair values of derivative liabilities are included in other liabilities.
Schedule of net gains and losses recognized in income related to derivatives in fair value hedging relationships

Gains (losses) recognized in

Three Months Ended

Six Months Ended

the consolidated statements

June 30, 

June 30, 

(dollars in thousands)

  ​

of income line item

  ​

2026

  ​

2025

  ​

2026

  ​

2025

Gains (losses) on fair value hedging relationships recognized in interest income:

Recognized on interest rate swap

Loans and lease financing

$

1,571

$

68

$

1,059

$

132

Recognized on hedged item

Loans and lease financing

(1,574)

(68)

(1,060)

(130)

Schedule of amounts related to cumulative basis adjustments for fair value hedges

Cumulative Amount of Fair Value

Hedging Adjustment Included in the

Carrying Amount of the Hedged Asset

Carrying Amount of the Hedged Asset

(dollars in thousands)

  ​

June 30, 2026

  ​

December 31, 2025

  ​

June 30, 2026

  ​

December 31, 2025

Line item in the consolidated balance sheets in which the hedged item is included

Loans and leases

$

49,791

$

52,491

$

(8,334)

$

(7,509)

Summary of effect of cash flow hedging relationships

Three Months Ended

Six Months Ended

June 30, 

June 30, 

(dollars in thousands)

  ​

2026

  ​

2025

  ​

2026

  ​ ​ ​

2025

Pretax net (losses) gains recognized in OCI - included component

$

(30)

$

113

$

(75)

$

349

Pretax net losses recognized in OCI - excluded component

(2,162)

(27)

(2,350)

(27)

Total pretax net (losses) gains recognized in OCI on cash flow derivative hedges

$

(2,192)

$

86

$

(2,425)

$

322

Pretax net losses (gains) reclassified from AOCI into income - included component(1)

$

$

$

$

Pretax net losses reclassified from AOCI into income - excluded component(1)

491

74

833

74

Total pretax net losses reclassified from AOCI into income(1)

$

491

$

74

$

833

$

74

(1) Losses (gains) are reclassified from AOCI into interest income from loans and lease financing.

Summary of impact on pretax earnings of derivatives not designated as hedges

Net losses recognized

Three Months Ended

Six Months Ended

in the consolidated statements

June 30, 

June 30, 

(dollars in thousands)

  ​

of income line item

2026

  ​

2025

  ​

2026

  ​

2025

Derivatives Not Designated As Hedging Instruments:

Interest rate swaps

Other noninterest income

$

$

(9)

$

$

(20)

Visa derivative

Other noninterest income

(1,034)

(903)

(2,005)

(2,195)

Foreign exchange contracts

Other noninterest income

6