Derivative Instruments and Hedging Activities (Tables)

12 Months Ended

Dec. 31, 2024

Derivative Instruments and Hedging Activities Disclosure [Abstract]

Notional Amounts and Fair Value of Derivatives Designated as Hedging Instruments

The following table presents the notional amounts and fair values of derivatives designated as hedging instruments recorded on the consolidated balance sheets at December 31, 2024 and 2023. The Corporation pledges cash or securities to cover the negative fair value of derivative instruments. Cash collateral associated with derivative instruments are not added to or netted against the fair value amounts.

			Derivative Assets			Derivative Liabilities
(Dollars in thousands)	Notional Amount		Balance Sheet Classification	Fair Value		Balance Sheet Classification	Fair Value
At December 31, 2024
Total	$	—		$	—		$	—
At December 31, 2023
Interest rate swap - cash flow hedge	$	250,000		$	—	Other liabilities	$	5,779
Total	$	250,000		$	—		$	5,779

Notional Amounts and Fair Values of Derivatives Not Designated as Hedging Instruments

The following table presents the notional amounts and fair values of derivatives not designated as hedging instruments recorded on the consolidated balance sheets at December 31, 2024 and 2023:

			Derivative Assets			Derivative Liabilities
(Dollars in thousands)	Notional Amount		Balance Sheet Classification	Fair Value		Balance Sheet Classification	Fair Value
At December 31, 2024
Credit derivatives	$	860,423		$	—	Other liabilities	$	67
Interest rate locks with customers	23,291		Other assets	214			—
Forward loan sale commitments	39,944		Other assets	12			—
Total	$	923,658		$	226		$	67
At December 31, 2023
Credit derivatives	$	862,756		$	—	Other liabilities	$	186
Interest rate locks with customers	21,174		Other assets	717			—
Forward loan sale commitments	32,811			—		Other liabilities	427
Total	$	916,741		$	717		$	613

Income for Derivatives Designated as Hedging Instruments

The following table presents amounts included in the consolidated statements of income for derivatives designated as hedging instruments for the periods indicated:

	Statement of Income Classification	For the Years Ended December 31,
(Dollars in thousands)		2024		2023		2022
Interest rate swaps—cash flow hedge—net interest payments	Interest income	$	(3,747)	$	(5,593)	$	521
Reclassification adjustment included in earnings (1)	Interest income	(946)		—		—
Total net (loss) gain		$	(4,693)	$	(5,593)	$	521

Income for Derivatives Not Designated as Hedging Instruments

The following table presents amounts included in the consolidated statements of income for derivatives not designated as hedging instruments for the periods indicated:

	Statement of Income Classification	For the Years Ended December 31,
(Dollars in thousands)		2024		2023		2022
Credit derivatives	Other noninterest income	$	562	$	1,167	$	2,871
Interest rate locks with customers	Net (loss) gain on mortgage banking activities	(503)		597		(646)
Forward loan sale commitments	Net gain (loss) on mortgage banking activities	439		(456)		(58)
Total net gain		$	498	$	1,308	$	2,167

Schedule of Cash Flow Hedges Included in Accumulated Other Comprehensive Income (Loss)

The following table presents amounts included in accumulated other comprehensive (loss) income for derivatives designated as hedging instruments at December 31, 2024 and 2023:

	Accumulated Other Comprehensive Income	At December 31,
(Dollars in thousands)		2024		2023
Interest rate swap—cash flow hedge (1)	Fair value, net of taxes	$	(2,422)	$	(4,566)
Total		$	(2,422)	$	(4,566)