v3.26.1
Derivative Financial Instruments (Tables)
 6 Months Ended
Jun. 30, 2026
Derivative Instruments and Hedging Activities Disclosure [Abstract]  
Schedule of Amounts in the Consolidated Balance Sheets Related to the Cumulative Adjustments for Fair Value Hedges
The following table presents the amounts recorded in the consolidated balance sheets related to the cumulative adjustments for fair value hedges at the periods presented.
(Dollars in thousands)
Carrying Amount of the
Hedged Assets (1)
Cumulative Amount of Fair Value Hedging Adjustments
Included in the Carrying Amount of the Hedged Items
June 30, 2026December 31, 2025June 30, 2026December 31, 2025
Securities available-for-sale$43,217 $44,132 $(364)$514 
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(1)Represents amortized cost for fair value hedge disclosures. Available-for-sale securities are carried at fair value on the consolidated balance sheets.
Schedule of Fair Values of Derivative Instruments on the Balance Sheet
The following tables disclose the notional amount and the fair value of derivative instruments in the Company’s consolidated balance sheets at June 30, 2026, and December 31, 2025. Derivative instruments and their related gains and losses are reported in other operating activities, net in the statements of cash flows.
(Dollars in thousands)
Notional Amounts(1)
Fair Values
Included in other assets:
June 30, 2026December 31, 2025June 30, 2026December 31, 2025
Derivatives designated as fair value hedging instruments:
Interest rate swaps$43,940 $— $364 $— 
Derivatives not designated as hedging instruments:
Interest rate swaps450,058 438,595 9,476 13,150 
Caps and floors25,000 25,000 18 2 
Total included in other assets$518,998 $463,595 $9,858 $13,152 
Included in other liabilities:
Derivatives designated as fair value hedging instruments:
Interest rate swaps$— $43,940 $— $514 
Derivatives not designated as hedging instruments:
Interest rate swaps444,188 432,395 9,272 12,975 
Caps and floors25,000 25,000 18 2 
Risk participation agreements6,565 12,148 — — 
Total included in other liabilities$475,753 $513,483 $9,290 $13,491 
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(1)Notional or contractual amounts, which represent the extent of involvement in the derivatives market, are used to determine the contractual cash flows required in accordance with the terms of the agreement. These amounts are typically not exchanged, significantly exceed amounts subject to credit or market risk and are not reflected in the consolidated balance sheets.
Schedule of Weighted-average Rates for Interest Rate Swaps
The summarized expected weighted average remaining maturity of the notional amount of interest rate swaps and the weighted average interest rates associated with the amounts expected to be received or paid on interest rate swap agreements are presented below.
June 30, 2026December 31, 2025
(Dollars in thousands)Notional AmountWeighted AverageNotional AmountWeighted Average
Remaining Maturity (in years)Receive RatePay RateRemaining Maturity (in years)Receive RatePay Rate
Interest rate swaps designated as fair value hedge
$43,940 6.873.66 %3.78 %$43,940 7.374.14 %3.78 %
Non-hedging interest rate swaps - financial institution counterparties387,573 3.446.14 5.65 403,591 3.606.37 5.52 
Non-hedging interest rate swaps - customer counterparties387,573 3.445.65 6.14 403,591 3.605.52 6.37 
Non-hedging interest rate caps - financial institution counterparties(1)
25,000 1.143.61 — 25,000 1.643.82 — 
Non-hedging interest rate caps - customer counterparties(1)
25,000 1.14— 3.61 25,000 1.64— 3.82 
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(1)Represents the strike rate for interest rate caps, above which the Company will either pay its customer counterparties or receive from its dealer counterparties.
Schedule of Gains and Losses Recognized on Derivative Instruments Not Designated as Hedging Instruments
Gains and losses recognized on derivative instruments were as follows:
(Dollars in thousands)Three Months Ended June 30,Six Months Ended June 30,
Derivatives designated as fair value hedging instruments:2026202520262025
Amount of (loss) gain recognized in interest income on available for sale securities$(606)$700 $(878)$700 
Amount of (gain) loss recognized in interest income on interest rate swaps - available for sale securities606 (700)878 (700)
Derivatives not designated as hedging instruments:
Amount of gain recognized in mortgage banking revenue— (300)— (185)
Amount of gain (loss) recognized in other non-interest income18 (35)29 (99)