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DERIVATIVE INSTRUMENTS AND HEDGING ACTIVITIES (Tables)
 9 Months Ended
Sep. 30, 2024
Derivative Instruments and Hedging Activities Disclosure [Abstract]  
Schedule of Derivative Financial Instruments
The following table reflects the notional amount and fair value of derivative instruments not designated as hedging instruments included in the consolidated balance sheets as of September 30, 2024 and December 31, 2023.
September 30, 2024December 31, 2023
Fair ValueFair Value
(dollars in thousands)Notional Amount
Derivative Assets(1)
Derivative Liabilities(2)
Notional Amount
Derivative Assets(1)
Derivative Liabilities(2)
Interest rate contracts(3)
$820,295 $6,590 $7,007 $736,188 $5,937 $6,203 
Risk participation agreement26,163 — 48 26,163 — 65 
Mortgage derivatives - interest rate lock commitments379,396 5,061 — 171,750 3,636 — 
Mortgage derivatives - forward contracts related to mortgage loans held for sale925,200 — 1,982 663,015 — 5,790 
(1)Derivative assets are included in other assets on the consolidated balance sheets.
(2)Derivative liabilities are included in other liabilities on the consolidated balance sheets.
(3)Includes interest rate contracts for client swaps and offsetting positions.
Schedule of Net Gains (losses) Relating to Free-Standing Derivative Instruments
The net gains (losses) relating to changes in fair value from derivative instruments not designated as hedging instruments are summarized below for the three and nine months ended September 30, 2024 and 2023.
Three Months Ended September 30,Nine Months Ended September 30,
(dollars in thousands)Location2024202320242023
Interest rate contracts(1)
Other noninterest income$(337)$426 $(150)$205 
Risk participation agreementOther noninterest income(24)— 17 — 
Interest rate lock commitmentsMortgage banking activity257 (1,423)1,425 617 
Forward contracts related to mortgage loans held for saleMortgage banking activity(2,434)1,216 3,808 4,259 
(1)Gain (loss) represents net fair value adjustments (including credit related adjustments) for client swaps and offsetting positions.