Derivative Financial Instruments (Tables)

3 Months Ended

Mar. 31, 2024

Derivative Financial Instruments

Summary of notional amounts and fair values of derivatives held

	March 31, 2024						December 31, 2023
			Fair Value						Fair Value
	Notional		Asset		Liability		Notional		Asset		Liability
(dollars in thousands)	Amount		Derivatives(1)		Derivatives(2)		Amount		Derivatives(1)		Derivatives(2)
Derivatives designated as hedging instruments:
Interest rate swaps	$	266,563	$	10,234	$	(58)	$	267,500	$	10,861	$	(1,799)
Interest rate collars		200,000		47		(43)		200,000		703		—
Derivatives not designated as hedging instruments:
Interest rate swaps		2,708,933		2,740		(4,645)		2,753,801		1,204		(521)
Visa derivative		114,190		—		(2,300)		107,548		—		(2,300)
Foreign exchange contracts		800		—		—		66		—		—

(1) The positive fair values of derivative assets are included in other assets.

(2) The negative fair values of derivative liabilities are included in other liabilities.

Schedule of net gains and losses recognized in income related to derivatives in fair value hedging relationships

	Gains (losses) recognized in	Three Months Ended
	the consolidated statements	March 31,
(dollars in thousands)	of income line item	2024		2023
Gains (losses) on fair value hedging relationships recognized in interest income:
Recognized on interest rate swap	Loans and lease financing	$	(627)	$	1,189
Recognized on hedged item	Loans and lease financing		619		(1,284)

Schedule of amounts related to cumulative basis adjustments for fair value hedges

					Cumulative Amount of Fair Value
					Hedging Adjustment Included in the
	Carrying Amount of the Hedged Asset				Carrying Amount of the Hedged Asset
(dollars in thousands)	March 31, 2024		December 31, 2023		March 31, 2024		December 31, 2023
Line item in the consolidated balance sheets in which the hedged item is included
Loans and leases	$	56,273	$	56,592	$	(10,289)	$	(10,908)

Summary of effect of cash flow hedging relationships

	Three Months Ended
	March 31,
(dollars in thousands)	2024		2023
Pretax net losses recognized in other comprehensive income on cash flow derivative hedges	$	(713)	$	(442)
Pretax net losses reclassified from accumulated other comprehensive income to interest income from loans and lease financing		1,755		1,303

Summary of impact on pretax earnings of derivatives not designated as hedges

	Net losses recognized	Three Months Ended
	in the consolidated statements	March 31,
(dollars in thousands)	of income line item	2024		2023
Derivatives Not Designated As Hedging Instruments:
Interest rate swaps	Other noninterest income	$	(7)	$	(378)
Visa derivative	Other noninterest income		(1,476)		(1,963)