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Derivatives and Hedging Activities (Tables)
12 Months Ended
Dec. 31, 2025
Derivative Instruments and Hedging Activities Disclosure [Abstract]  
Schedule of Balance Sheet Category and Fair Value
The table below presents the amounts recorded on the balance sheet related to cumulative basis adjustments for fair value hedges.
As of December 31,
(dollars in thousands)
2025202420252024
Line Item in the Balance Sheet in Which the Hedged Item is Included
Carrying Amount of the Hedged Assets (Liabilities)
Cumulative Amount of Fair Value Hedging Adjustments Included in the Carrying Amount of the Hedged Assets (Liabilities)
Deposits
$(389,295)$— $705 $— 
The table below identifies the balance sheet category and fair value of the Company’s derivative instruments. The Company has a minimum collateral posting threshold with its derivative counterparty. If the Company had breached any provisions under the agreement as of December 31, 2025, it could have been required to settle its obligations under the agreement at the termination value.
As of December 31.
20252024
(dollars in thousands)Notional
Amount
Fair ValueBalance Sheet
Category
Notional
Amount
Fair ValueBalance Sheet
Category
Derivatives in an asset position:
Derivatives designated as hedging instruments:
Cash flow hedges
$390,000 $60 Other Assets$— $— Other Assets
Fair value hedges
— — Other Assets— — Other Assets
Total hedging instruments
390,000 60 — — 
Derivatives not designated as hedging instruments:
Interest rate swaps related to customer loans
808,009 24,272 Other Assets697,086 31,592 Other Assets
Credit risk participation agreements— — Other Liabilities49,480 — Other Liabilities
Total derivatives in an asset position$1,198,009 $24,332 $746,566 $31,592 
Derivatives in a liability position:
Derivatives designated as hedging instruments:
Cash flow hedges$— $— Other Liabilities$— $— Other Liabilities
Fair value hedges300,000 927 
Other Liabilities
— — 
Other Liabilities
Total hedging instruments300,000 927 — — 
Derivatives not designated as hedging instruments:
Interest rate swaps related to customer loans
808,009 23,015 Other Liabilities697,086 29,110 Other Liabilities
Total derivatives in a liability position$1,108,009 $23,942 $697,086 $29,110 
Schedule of Pretax Net Gains (Losses) of Designated Cash Flow Hedges
The table below presents the pre-tax net gains (losses) of the Company’s designated cash flow hedges for the years ended December 31, 2025, 2024 and 2023.
The Effect of Cash Flow Hedge Accounting on Accumulated Other Comprehensive Income (Loss)
Amount of Gain (Loss) Recognized in OCILocation of Gain (Loss) Recognized from Accumulated Other Comprehensive Income (Loss) into Income (Loss)Amount of Gain or (Loss) Reclassified from Accumulated OCI into Income Year Ended Amount of Gain (Loss) Reclassified from Accumulated OCI into Income
(dollars in thousands)Total Included ComponentExcluded ComponentTotal Included ComponentExcluded Component
Year ended December 31, 2025:
Derivatives in cash flow hedging relationships:
Interest rate products$111 $111 $— 
Interest income
$(51)$(51)$— 
Year ended December 31, 2024
Derivatives in cash flow hedging relationships:
Interest rate products$— $— $— Interest expense$32 $32 $— 
Year ended December 31, 2023
Derivatives in cash flow hedging relationships:
Interest rate products$(256)$— $(256)Interest expense$(14)$— $(14)
Schedule of the Effect of Derivative Financial Instruments
The tables below present the effect of the Company’s derivative financial instruments on the Consolidated Statements of Operations.
The Effect of Fair Value and Cash Flow Hedge Accounting on the Consolidated Statements of Operations
Year Ended December 31,
202520242023
(dollars in thousands)
Interest Income (Expense)
Total amounts of expense line items presented in the Consolidated Statements of Operations in which the effects of fair value and cash flow hedges are recorded
$(1,053)$32 $(14)
The effect of fair value and cash flow hedging:
Gain (loss) on fair value hedging relationships in Subtopic 815-20:
Interest rate products:
Hedged items
$(1,002)$— $— 
Derivatives designated as hedging instruments927 — — 
Gain (loss) on cash flow hedging relationships in Subtopic 815-20:
Interest rate products:
Amount of gain (loss) reclassified from accumulated other comprehensive income (loss) into income (loss)$(51)$32 $(14)
Amount of gain (loss) reclassified from accumulated other comprehensive income into income as a result that a forecasted transaction is no longer probable of occurring— — — 
Amount of gain (loss) reclassified from accumulated other comprehensive income (loss) into income (loss) - included component(51)32 — 
Amount of gain (loss) reclassified from accumulated other comprehensive income (loss) into income (loss) - excluded component— — (14)
The Effect of Derivatives Not Designated as Hedging Instruments on the Consolidated Statements of Operations
(dollars in thousands)Location of Gain or (Loss) Recognized in
Income on Derivative
Amount of Gain or (Loss) Recognized in Income on Derivatives
For the Year Ended December 31,
202520242023
Derivatives Not Designated as Hedging Instruments under ASC 815-20:
Interest rate productsOther income / (expense)$1,841 $1,940 $2,712