Derivative Instruments (Tables)

6 Months Ended

Jun. 30, 2024

Derivative Instruments and Hedging Activities Disclosure [Abstract]

Fair Value Of Derivative Instruments

The following table summarizes the notional and fair value of these derivative instruments (in thousands):

	June 30, 2024				December 31, 2023
	Notional Amount		Fair Value		Notional Amount		Fair Value
Non-hedging interest rate derivatives:
Customer counterparties:
Loan interest rate swap - assets	$	32,494	$	1,418	$	61,242	$	2,176
Loan interest rate swap - liabilities	582,891		53,659		555,693		46,402
Non-hedging interest rate derivatives:
Financial institution counterparties:
Loan interest rate swap - assets	600,891		54,895		573,693		47,555
Loan interest rate swap - liabilities	32,494		1,418		61,242		2,176

Change In Fair Value Of Derivative Instruments

The following table summarizes the change in fair value of these derivative instruments (in thousands):

	Three months ended June 30,				Six months ended June 30,
	2024		2023		2024		2023
Change in Fair Value Non-Hedging Interest Rate Derivatives:
Other income (expense) - derivative assets	$	(367)	$	10,653	$	6,499	$	(5,477)
Other (expense) income - derivative liabilities	367		(10,653)		(6,499)		5,477
Other income (expense) - derivative liabilities	(8)		131		84		(67)

Schedule of Fair Value Hedging Instruments, Statements of Financial Performance and Financial Position, Location

The following table summarizes the financial statement impact of these derivative instruments (in thousands):

	June 30, 2024		December 31, 2023
Investment securities available for sale, at fair value	$	(8,658)	$	(10,075)
Other assets	8,608		10,095
Cumulative adjustment to Interest and dividends on investment securities	50		(20)

Schedule of Derivative Assets at Fair Value

The following table summarizes the financial statement impact of these derivative instruments (in thousands):

	June 30, 2024
Gross loans	$	(1,681)
Other assets	1,662
Cumulative adjustment to Interest and fees on loans	19