Derivative Instruments (Tables)

3 Months Ended

Mar. 31, 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):

	March 31, 2024				December 31, 2023
	Notional Amount		Fair Value		Notional Amount		Fair Value
Non-hedging interest rate derivatives:
Customer counterparties:
Loan interest rate swap - assets	$	48,287	$	1,548	$	61,242	$	2,176
Loan interest rate swap - liabilities	562,726		53,897		555,693		46,402
Non-hedging interest rate derivatives:
Financial institution counterparties:
Loan interest rate swap - assets	580,726		55,141		573,693		47,555
Loan interest rate swap - liabilities	48,287		1,548		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 March 31,
	2024		2023
Change in Fair Value Non-Hedging Interest Rate Derivatives:
Other income (expense) - derivative assets	$	6,866	$	(16,130)
Other (expense) income - derivative liabilities	(6,866)		16,130
Other income (expense) - derivative liabilities	92		(198)

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):

	March 31, 2024		December 31, 2023
Investment securities available for sale, at fair value	$	(9,979)	$	(10,075)
Other assets	9,850		10,095
Cumulative adjustment to Interest and dividends on investment securities	129		(20)

Schedule of Derivative Assets at Fair Value

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

	March 31, 2024
Gross loans	$	(1,673)
Other assets	1,654
Cumulative adjustment to Interest and fees on loans	19