Derivative Instruments and Hedging Activities (Tables)

3 Months Ended

Mar. 31, 2025

Derivative Instruments and Hedging Activities Disclosure [Abstract]

Notional Amounts and Fair Value 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 condensed consolidated balance sheets at March 31, 2025 and December 31, 2024:

			Derivative Assets			Derivative Liabilities
(Dollars in thousands)	Notional Amount		Balance Sheet Classification	Fair Value		Balance Sheet Classification	Fair Value
At March 31, 2025
Credit derivatives	$	854,844		$	—	Other liabilities	$	79
Interest rate locks with customers	25,050		Other assets	422			—
Forward loan sale commitments	38,200			—		Other liabilities	141
Total	$	918,094		$	422		$	220
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

Income for Derivatives Designated as Hedging Instruments

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

	Statement of Income Classification	Three Months Ended
		March 31,
(Dollars in thousands)		2025		2024
Interest rate swap—cash flow hedge—net interest payments	Interest expense	$	—	$	1,586
Reclassification adjustment included in earnings (1)	Interest income	(565)		—
Total net loss		$	(565)	$	(1,586)

Income for Derivatives Not Designated as Hedging Instruments

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

	Statement of Income Classification	Three Months Ended
		March 31,
(Dollars in thousands)		2025		2024
Credit derivatives	Other noninterest income	$	18	$	227
Interest rate locks with customers	Net gain (loss) on mortgage banking activities	208		(206)
Forward loan sale commitments	Net (loss) gain on mortgage banking activities	(153)		381
Total net gain		$	73	$	402

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 March 31, 2025 and December 31, 2024:

(Dollars in thousands)	Accumulated Other Comprehensive (Loss) Income	At March 31, 2025		At December 31, 2024
Interest rate swap—cash flow hedge (1)	Fair value, net of taxes	$	(1,976)	$	(2,422)
Total		$	(1,976)	$	(2,422)

(1) The interest rate swap was terminated on August 2, 2024. This after-tax amount will be reclassified to earnings as a reduction to interest income over the remaining 13 months of the original swap.