Derivatives, Hedging Activities and Balance Sheet Offsetting (Tables)

12 Months Ended

Dec. 31, 2024

Derivative Instruments and Hedging Activities Disclosure [Abstract]

Schedule of Derivative Instruments

The following table presents the total notional amounts and gross fair values of the Company’s derivatives as of the dates indicated. The derivative asset and liability balances are presented on a gross basis, prior to the application of master netting agreements, as included in other assets and other liabilities, respectively, on the consolidated balance sheets. The fair values of the Company’s derivative instrument assets and liabilities are summarized as follows:

	As of December 31, 2024						As of December 31, 2023
	Notional Amount		Fair Value				Notional Amount		Fair Value
(dollars in thousands)			Assets		Liabilities				Assets		Liabilities
Designated as hedging instruments:
Fair value hedges:
Interest rate swaps - loans	$	49,486	$	2,416	$	294	$	41,101	$	2,071	$	902
Interest rate swaps - securities	150,000		—		239		150,000		—		821
Cash flow hedges
Interest rate swaps	200,000		813		26		200,000		940		264
Total	$	399,486	$	3,229	$	559	$	391,101	$	3,011	$	1,987
Not designated as hedging instruments:
Interest rate swaps	$	697,969	$	21,145	$	21,153	$	432,648	$	22,028	$	22,038
RPAs - protection sold	55,088		4		—		18,778		4		—
RPAs - protection purchased	29,982		—		—		31,145		—		9
Interest rate lock commitments	912		10		—		1,461		50		—
Interest rate forward loan sales contracts	1,312		9		—		2,075		—		23
Total	$	785,263	$	21,168	$	21,153	$	486,107	$	22,082	$	22,070

Schedule of Derivatives Instruments Statements of Financial Performance and Financial Position, Location

The table below presents the effect of the Company’s derivative financial instruments designated as hedging instruments on the consolidated statements of income for the periods indicated:

	Location and Amount of Gain or Loss Recognized in Income on Hedging Relationships
	For the Years Ended December 31,
	2024				2023				2022
(dollars in thousands)	Interest Income		Other Income		Interest Income		Other Income		Interest Income		Other Income
Income and expense included in the consolidated statements of income related to the effects of fair value hedges is recorded	$	1,447	$	—	$	1,106	$	—	$	(36)	$	—
The effects of fair value hedging:
Gain (loss) on fair value hedging relationships in subtopic 815-20:
Interest contracts - loans:
Hedged items	(965)		—		1,836		—		(3,536)		—
Derivative designated as hedging instruments	1,970		—		(563)		—		3,500		—
Interest contracts - securities:
Hedged items	(594)		—		819		—		—		—
Derivative designated as hedging instruments	1,035		—		(530)		—		—		—

Schedule of Hedged Items In Fair Value Hedging Relationship

As of December 31, 2024, the following amounts were recorded on the balance sheet related to cumulative basis adjustment for fair value hedges:

Line Item in the Balance Sheet in Which the Hedged Item is Included	Carrying Amount of the Hedged Assets		Cumulative Amount of Fair Value Hedging Adjustment Included in the Carrying Amount of the Hedged Asset
(dollars in thousands)
Loans	$	47,405	$	(2,128)
Securities	$	150,225	$	225

Schedule of Derivatives Not Designated as Hedging Instruments

The following table presents the net gains (losses) recognized on the consolidated statements of income related to the derivatives not designated as hedging instruments for the periods indicated:

	Location in the Consolidated Statements of Income	For the Years Ended December 31,
(dollars in thousands)		2024		2023		2022
Interest rate swaps	Other income	$	3	$	(8)	$	9
RPAs	Other income	9		65		1
Interest rate lock commitments	Loan revenue	(40)		43		(323)
Interest rate forward loan sales contracts	Loan revenue	32		(31)		(15)
Total		$	4	$	69	$	(328)

Schedule of Offsetting Derivative Assets

The table below presents gross derivatives and the respective collateral received or pledged in the form of other financial instruments as of December 31, 2024 and December 31, 2023, which are generally marketable securities and/or cash. The collateral amounts in the table below are limited to the outstanding balances of the related asset or liability (after netting is applied); thus instances of over-collateralization are not shown. Further, the net amounts of derivative assets or liabilities can be reconciled to the tabular disclosure of fair value. The tabular disclosure of fair value provides the location that derivative assets and liabilities are presented on the consolidated balance sheets.

	Gross Amounts Recognized		Gross Amounts Offset in the Balance Sheet		Net Amounts presented in the Balance Sheet		Gross Amounts Not Offset in the Balance Sheet				Net Assets / Liabilities
(dollars in thousands)							Financial Instruments		Cash Collateral Received / Paid
As of December 31, 2024
Asset Derivatives	$	24,397	$	—	$	24,397	$	—	$	17,011	$	7,386
Liability Derivatives	21,712		—		21,712		—		110		21,602
As of December 31, 2023
Asset Derivatives	$	25,093	$	—	$	25,093	$	—	$	15,549	$	9,544
Liability Derivatives	24,057		—		24,057		—		2,420		21,637

Schedule of Offsetting Derivative Liabilities

The table below presents gross derivatives and the respective collateral received or pledged in the form of other financial instruments as of December 31, 2024 and December 31, 2023, which are generally marketable securities and/or cash. The collateral amounts in the table below are limited to the outstanding balances of the related asset or liability (after netting is applied); thus instances of over-collateralization are not shown. Further, the net amounts of derivative assets or liabilities can be reconciled to the tabular disclosure of fair value. The tabular disclosure of fair value provides the location that derivative assets and liabilities are presented on the consolidated balance sheets.

	Gross Amounts Recognized		Gross Amounts Offset in the Balance Sheet		Net Amounts presented in the Balance Sheet		Gross Amounts Not Offset in the Balance Sheet				Net Assets / Liabilities
(dollars in thousands)							Financial Instruments		Cash Collateral Received / Paid
As of December 31, 2024
Asset Derivatives	$	24,397	$	—	$	24,397	$	—	$	17,011	$	7,386
Liability Derivatives	21,712		—		21,712		—		110		21,602
As of December 31, 2023
Asset Derivatives	$	25,093	$	—	$	25,093	$	—	$	15,549	$	9,544
Liability Derivatives	24,057		—		24,057		—		2,420		21,637