Derivative Financial Instruments (Tables)
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6 Months Ended |
Jun. 30, 2026 |
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| Derivative Financial Instruments |
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| Summary of notional amounts and fair values of derivatives held |
| | | | | | | | | | | | | | | | | | | | | June 30, 2026 | | December 31, 2025 | | | | | | 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 | | $ | 58,125 | | $ | 8,529 | | $ | — | | $ | 60,000 | | $ | 7,470 | | $ | — | Interest rate collars | | | 100,000 | | | — | | | (16) | | | 100,000 | | | 59 | | | — | Interest rate floors | | | 900,000 | | | 3,099 | | | — | | | 300,000 | | | 1,665 | | | — | Derivatives not designated as hedging instruments: | | | | | | | | | | | | | | | | | | | Interest rate swaps | | | 2,938,125 | | | 10,172 | | | (10,172) | | | 3,018,578 | | | 12,328 | | | (12,328) | Visa derivative | | | 53,174 | | | — | | | (2,300) | | | 69,748 | | | — | | | (2,300) | Foreign exchange contracts | | | 704 | | | — | | | — | | | 807 | | | — | | | — |
| (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. |
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| Schedule of net gains and losses recognized in income related to derivatives in fair value hedging relationships |
| | | | | | | | | | | | | | | | | Gains (losses) recognized in | | Three Months Ended | | Six Months Ended | | | the consolidated statements | | June 30, | | June 30, | (dollars in thousands) | | of income line item | | 2026 | | 2025 | | 2026 | | 2025 | Gains (losses) on fair value hedging relationships recognized in interest income: | | | | | | | | | | | | | | | Recognized on interest rate swap | | Loans and lease financing | | $ | 1,571 | | $ | 68 | | $ | 1,059 | | $ | 132 | Recognized on hedged item | | Loans and lease financing | | | (1,574) | | | (68) | | | (1,060) | | | (130) |
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| 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) | | June 30, 2026 | | December 31, 2025 | | June 30, 2026 | | December 31, 2025 | Line item in the consolidated balance sheets in which the hedged item is included | | | | | | | | | | | | | | | | | Loans and leases | | $ | 49,791 | | $ | 52,491 | | $ | (8,334) | | $ | (7,509) |
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| Summary of effect of cash flow hedging relationships |
| | | | | | | | | | | | | | | Three Months Ended | | Six Months Ended | | | June 30, | | June 30, | (dollars in thousands) | | 2026 | | 2025 | | 2026 | | 2025 | Pretax net (losses) gains recognized in OCI - included component | | $ | (30) | | $ | 113 | | $ | (75) | | $ | 349 | Pretax net losses recognized in OCI - excluded component | | | (2,162) | | | (27) | | | (2,350) | | | (27) | Total pretax net (losses) gains recognized in OCI on cash flow derivative hedges | | $ | (2,192) | | $ | 86 | | $ | (2,425) | | $ | 322 | | | | | | | | | | | | | | Pretax net losses (gains) reclassified from AOCI into income - included component(1) | | $ | — | | $ | — | | $ | — | | $ | — | Pretax net losses reclassified from AOCI into income - excluded component(1) | | | 491 | | | 74 | | | 833 | | | 74 | Total pretax net losses reclassified from AOCI into income(1) | | $ | 491 | | $ | 74 | | $ | 833 | | $ | 74 |
(1) Losses (gains) are reclassified from AOCI into interest income from loans and lease financing.
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| Summary of impact on pretax earnings of derivatives not designated as hedges |
| | | | | | | | | | | | | | | | | Net losses recognized | | Three Months Ended | | Six Months Ended | | | in the consolidated statements | | June 30, | | June 30, | (dollars in thousands) | | of income line item | | 2026 | | 2025 | | 2026 | | 2025 | Derivatives Not Designated As Hedging Instruments: | | | | | | | | | | | | | | | Interest rate swaps | | Other noninterest income | | $ | — | | $ | (9) | | $ | — | | $ | (20) | Visa derivative | | Other noninterest income | | | (1,034) | | | (903) | | | (2,005) | | | (2,195) | Foreign exchange contracts | | Other noninterest income | | | — | | | 6 | | | — | | | — |
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