Derivatives (Tables)

3 Months Ended

Mar. 31, 2024

Derivative Instruments and Hedging Activities Disclosure [Abstract]

Schedule of Balance Sheet Category and Fair Values of the Derivative Instruments

The table below identifies the balance sheet category and fair value of the Company's derivative instruments as of March 31, 2024 and December 31, 2023. The Company has a minimum collateral posting threshold with its derivative counterparty. If the Company had breached any provisions under the agreement at March 31, 2024, it could have been required to settle its obligations under the agreement at the termination value.

	March 31, 2024					December 31, 2023
(dollars in thousands)	Notional Amount		Fair Value		Balance Sheet Category	Notional Amount		Fair Value		Balance Sheet Category
Derivatives in an asset position:
Derivatives designated as hedging instruments:
Interest rate product	$	—	$	—	Other assets	$	300,000	$	374	Other assets
Derivatives not designated as hedging instruments:
Interest rate product	680,245		34,147		Other assets	651,429		30,288		Other assets
Credit risk participation agreements	49,480		—		Other liabilities	49,480		3		Other liabilities
Total	729,725		34,147			700,909		30,291
Total derivatives in an asset position:	$	729,725	$	34,147		$	1,000,909	$	30,665
Derivatives in a liability position:
Derivatives not designated as hedging instruments:
Interest rate product	$	680,245	$	33,646	Other liabilities	$	651,429	$	30,555	Other liabilities

Schedule of the Effect of Derivative Financial Instruments on the Consolidated Statements of Operations

The table below presents the effect of the Company's derivative financial instruments on the Consolidated Statements of Operations for the three months ended March 31, 2024 and 2023:

The Effect of Derivatives Not Designated as Hedging Instruments on the Consolidated Statements of Operations
		Amount of Gain (Loss) Recognized in Income on Derivatives
	Location of Gain (Loss) Recognized in Income on Derivatives	Three Months Ended March 31,
(dollars in thousands)		2024		2023
Interest rate products	Other income / (other expense)	$	239	$	(350)
Mortgage banking derivatives	Gain on sale of loans	—		(64)
Total		$	239	$	(414)