XML 58 R47.htm IDEA: XBRL DOCUMENT

Note 19 - Derivative Instruments (Tables)

9 Months Ended

Sep. 30, 2024

Notes Tables

Schedule of Derivative Instruments in Statement of Financial Position, Fair Value [Table Text Block]

		Derivative Assets ⁽¹⁾								Derivative Liabilities ⁽²⁾
		*Notional*				*Fair*				*Notional*				*Fair*
(dollars in thousands)		*Amount*				*Value*				*Amount*				*Value*
*September 30, 2024*
Designated as hedging instruments:
Fair value hedges:
Interest rate swaps		$	—			$	—			$	200,000			$	1,113
Cash flow hedges:
Interest rate swaps			—				—				200,000				458
Total derivatives designated as hedging instruments		$	—			$	—			$	400,000			$	1,571
Not designated as hedging instruments:
Interest rate swaps ⁽³⁾		$	423,909			$	11,740			$	423,909			$	11,740
Interest rate lock commitments			19,425				377				—				—
Forward loan sales commitments			1,597				60				—				—
To-be-announced mortgage backed securities			—				—				39,250				18
Total asset derivatives not designated as hedging instruments		$	444,931			$	12,177			$	463,159			$	11,758
*December 31, 2023*
Designated as hedging instruments:
Fair value hedges:
Interest rate swaps		$	—			$	—			$	600,000			$	352
Cash flow hedges:
Interest rate swaps			—				—				200,000				297
Total derivatives designated as hedging instruments		$	—			$	—			$	800,000			$	649
Not designated as hedging instruments:
Interest rate swaps ⁽³⁾		$	120,671			$	8,327			$	120,671			$	8,348
Interest rate lock commitments			8,126				179				—				—
Forward loan sales commitments			190				6				—				—
To-be-announced mortgage backed securities			—				—				20,500				183
Total asset derivatives not designated as hedging instruments		$	128,987			$	8,512			$	141,171			$	8,531

Schedule of Cash Flow Hedges Included in Accumulated Other Comprehensive Income (Loss) [Table Text Block]

						*Gains (Losses)*
		*Gains (Losses)*				*Reclassified*
		*Recognized in*				*from OCI*
(dollars in thousands)		*OCI*				*into Earnings*
Derivatives designated as hedging instruments
*For the three months ended September 30, 2024*
Cash flow hedges:
Interest rate swaps		$	(616	)		$	253

*For the three months ended September 30, 2023*
Cash flow hedges:
Interest rate swaps		$	1,216			$	(205	)

*For the nine months ended September 30, 2024*
Cash flow hedges:
Interest rate swaps		$	625			$	785

*For the nine months ended September 30, 2023*
Cash flow hedges:
Interest rate swaps		$	1,216			$	(205	)

Schedule of Effect of Fair Value and Cash Flow Hedge on Derivatives Included in Statement of Income [Table Text Block]

		Location and Amount of Gains (Losses) Recognized in Income
		Interest Income								Interest Expense
		Loans,				Investment
		including				securities -				Short-term
(dollars in thousands)		fees				Taxable				borrowings
For the three months ended September 30, 2024
Total amounts in the Consolidated Statements of Income		$	42,593			$	4,596			$	6,706
Fair value hedges:
Interest rate swaps			46				653				—
Cash flow hedges:
Interest rate swaps			—				—				(253	)
For the three months ended September 30, 2023
Total amounts in the Consolidated Statements of Income		$	34,986			$	6,146			$	6,528
Fair value hedges:
Interest rate swaps			71				606				—
Cash flow hedges:
Interest rate swaps			—				—				(205	)

For the nine months ended September 30, 2024
Total amounts in the Consolidated Statements of Income		$	123,551			$	14,008			$	19,748
Fair value hedges:
Interest rate swaps			367				1,954				—
Cash flow hedges:
Interest rate swaps			—				—				(785	)
For the nine months ended September 30, 2023
Total amounts in the Consolidated Statements of Income		$	99,187			$	18,222			$	15,684
Fair value hedges:
Interest rate swaps			71				1,229				—
Cash flow hedges:
Interest rate swaps			—				—				(205	)

Schedule of Fair Value Hedging Instruments, Statements of Financial Performance and Financial Position, Location [Table Text Block]

		*September 30, 2024*
										*Cumulative Fair*
										*Value Hedging*
										*Adjustment in the*
						*Carrying Amount*				*Carrying Amount of*
		*Notional*				*of Hedged Assets/*				*Hedged Assets/*
(dollars in thousands)		*Amount*				*Liabilities*				*Liabilities*
Mortgage-backed securities
Residential agency ⁽¹⁾		$	200,000			$	201,113			$	1,113
Total		$	200,000			$	201,113			$	1,113

		December 31, 2023
										Cumulative Fair
										Value Hedging
										Adjustment in the
						*Carrying Amount*				*Carrying Amount of*
		*Notional*				*of Hedged Assets/*				*Hedged Assets/*
(dollars in thousands)		*Amount*				*Liabilities*				*Liabilities*
Mortgage-backed securities
Residential agency ⁽¹⁾		$	200,000			$	200,241			$	241
Mortgage loan pools ⁽²⁾			400,000				400,098				98
Total		$	600,000			$	600,339			$	339

Derivative Instruments, Gain (Loss) [Table Text Block]

(dollars in thousands)			*Three months ended September 30,*								*Nine months ended September 30,*
Derivatives not designated as hedging instruments	*Consolidated Statements of Income Location*		*2024*				*2023*				*2024*				*2023*
Interest rate swaps	Other noninterest income		$	—			$	121			$	21			$	121
Interest rate lock commitments	Mortgage banking			(111	)			(342	)			100				87
Forward loan sales commitments	Mortgage banking			(116	)			(9	)			54				55
To-be-announced mortgage backed securities	Mortgage banking			(315	)			221				(189	)			350
Total gain (loss) from derivatives not designated as hedging instruments			$	(542	)		$	(9	)		$	(14	)		$	613

Schedule Of Offsetting Derivative Assets And Liabilities [Table Text Block]

														*Gross Amount*
														*Not Offset in the*
														*Consolidated*
														*Balance Sheets*
		*Gross Amount*				*Gross Amount*				*Net Amount*
		*Recognized in the*				*Offset in the*				*Presented in the*
		*Consolidated*				*Consolidated*				*Consolidated*				*Cash Collateral*
(dollars in thousands)		*Balance Sheets*				*Balance Sheets*				*Balance Sheets*				*Pledged (Received)*				*Net Amount*
*September 30, 2024*
Derivative assets:
Interest rate swaps − Company ⁽¹⁾		$	—			$	—			$	—			$	—			$	—
Interest rate swaps − dealer bank ⁽¹⁾			11,740				—				11,740				(6,068	)			5,672
To-be-announced mortgage backed securities			—				—				—				—				—
Total		$	11,740			$	—			$	11,740			$	(6,068	)		$	5,672
Derivative liabilities:
Interest rate swaps − Company ⁽¹⁾		$	1,571			$	—			$	1,571			$	752			$	819
Interest rate swaps − customer ⁽²⁾			11,740				—				11,740				—				11,740
To-be-announced mortgage backed securities			18				—				18				—				18
Total		$	13,329			$	—			$	13,329			$	752			$	12,577

														Gross Amount
														Not Offset in the
														Consolidated
														Balance Sheets
		*Gross Amount*				*Gross Amount*				*Net Amount*
		*Recognized in the*				*Offset in the*				*Presented in the*
		*Consolidated*				*Consolidated*				*Consolidated*				*Cash Collateral*
(dollars in thousands)		*Balance Sheets*				*Balance Sheets*				*Balance Sheets*				*Pledged (Received)*				*Net Amount*
*December 31, 2023*
Derivative assets:
Interest rate swaps − Company ⁽¹⁾		$	—			$	—			$	—			$	—			$	—
Interest rate swaps − dealer bank ⁽¹⁾			8,327				—				8,327				(1,740	)			6,587
To-be-announced mortgage backed securities			—				—				—				—				—
Total		$	8,327			$	—			$	8,327			$	(1,740	)		$	6,587
Derivative liabilities:
Interest rate swaps − Company ⁽¹⁾		$	649			$	—			$	649			$	550			$	99
Interest rate swaps − customer ⁽²⁾			8,348			$	—				8,348				—				8,348
To-be-announced mortgage backed securities			183				—				183				—				183
Total		$	9,180			$	—			$	9,180			$	550			$	8,630