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DERIVATIVE INSTRUMENTS AND HEDGING ACTIVITIES (Tables)
 3 Months Ended
Mar. 31, 2025
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 March 31, 2025 and December 31, 2024.
March 31, 2025December 31, 2024
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)
$881,916 $6,303 $6,439 $901,597 $8,717 $8,718 
Risk participation agreement26,163 — 22 26,163 — 13 
Mortgage derivatives - interest rate lock commitments347,944 5,416 — 192,528 1,504 — 
Mortgage derivatives - forward contracts related to mortgage loans held for sale1,134,013 — 2,867 1,153,717 5,795 — 
(1)Derivative assets are included in other assets on the consolidated balance sheets.
(2)Derivative liabilities are included in other liabilities on the consolidated balance sheets.
(3)Includes interest rate contracts for client swaps and offsetting positions.
Schedule of Net Gains (losses) Relating to Free-Standing Derivative Instruments
The net gains (losses) relating to changes in fair value from derivative instruments not designated as hedging instruments are summarized below for the three months ended March 31, 2025 and 2024.
Three Months Ended March 31,
(dollars in thousands)Location20252024
Interest rate contracts(1)
Other noninterest income$(134)$143 
Risk participation agreementOther noninterest income(9)33 
Interest rate lock commitmentsMortgage banking activity3,912 2,116 
Forward contracts related to mortgage loans held for saleMortgage banking activity(8,662)4,760 
(1)Gain (loss) represents net fair value adjustments (including credit related adjustments) for client swaps and offsetting positions.