Derivatives (Tables)

3 Months Ended

Mar. 31, 2024

Derivative Instruments and Hedging Activities Disclosure [Abstract]

Credit Value Adjustment Recorded Related to Notional Amount Of Derivatives Outstanding

The following table depicts the credit value and fair value adjustments recorded related to the notional amount of derivatives outstanding as well as the notional amount of risk participation agreements participated to other banks:

	March 31, 2024		December 31, 2023
	(dollars in thousands)
Derivatives not Designated as Hedging Instruments
Credit value adjustment	$	(1)	$	(13)
Notional amount:
Interest rate derivatives	942,491		945,046
Interest rate caps	37,547		37,647
Interest rate collars	524		35,878
Risk participation agreements	180,388		206,325
Sold credit protection on risk participation agreements	(152,857)		(121,265)
Interest rate options	67,674		38,155
Derivatives Designated as Hedging Instruments
Interest rate swaps:
Fair value adjustment	(24,551)		(25,133)
Notional amount	570,000		570,000
Interest rate forwards:
Fair value adjustment	(150)		(352)
Notional amount	71,000		39,000

Schedule of Changes in Fair Value of Derivative Assets and Liabilities

The table below presents the change in the fair value of derivative assets and derivative liabilities attributable to credit risk or fair value changes included in "Other income", "Other expense," "Interest on subordinated debentures" or "Interest and fees on loans" in the unaudited Consolidated Statements of Income:

		For the Three Months Ended March 31,
		2024		2023
	(dollars in thousands)
Non-hedging interest rate derivatives
Increase in other income		$	283	$	239
Hedging interest rate derivatives
(Decrease) increase in interest and fees on loans		(6,295)		(4,758)
(Decrease) increase in interest from subordinated debentures		(723)		(560)
Hedging interest rate forwards
Increase in other income		202		123