Derivatives (Tables)

3 Months Ended

Mar. 31, 2024

Derivative Instruments and Hedging Activities Disclosure [Abstract]

Summary Of Types Of Derivatives, Separately By Assets And Liabilities And Fair Value Of Derivatives

The following table summarizes the types of derivatives, separately by assets and liabilities, and the fair values of such derivatives as of the dates presented:  

(in thousands)	Asset Derivatives				Liability Derivatives
Derivatives not designated as hedging instrument	March 31, 2024		December 31, 2023		March 31, 2024		December 31, 2023
Interest rate lock commitments	$	16	$	—	$	—	$	137
Interest rate futures	—		3,745		1,134		—
Interest rate forward sales commitments	74		9		188		535
Interest rate swaps	114,347		33,874		310,985		260,064
Foreign currency derivatives	326		457		182		355
Total derivative assets and liabilities	$	114,763	$	38,085	$	312,489	$	261,091

Summary Of Types Of Derivatives And Gains (Losses) Recorded

The following table summarizes the types of derivatives and the gains (losses) recorded during the periods indicated:  

(in thousands)	Three Months Ended
Derivatives not designated as hedging instrument	March 31, 2024		March 31, 2023
Interest rate lock commitments	$	153	$	105
Interest rate futures	(4,271)		2,650
Interest rate forward sales commitments	46		(1,003)
Interest rate swaps	1,197		(3,543)
Foreign currency derivatives	42		30
Total derivative losses	$	(2,833)	$	(1,761)

Balance Sheet Offsetting

The following table shows the gross interest rate swaps in the Condensed Consolidated Balance Sheets and the respective collateral received or pledged in the form of cash or other financial instruments. The collateral amounts are limited to the outstanding balances of the related asset or liability. Therefore, instances of over collateralization are not shown.

							Gross Amounts Not Offset in the Statement of Financial Position
	Gross Amounts of Recognized Assets/Liabilities		Gross Amounts Offset in the Condensed Consolidated Balance Sheets		Net Amounts of Assets/Liabilities presented in the Condensed Consolidated Balance Sheets		Financial Instruments		Collateral Received/Posted		Net Amount
March 31, 2024
Derivative Assets
Interest rate swaps	$	114,347	$	—	$	114,347	$	9,623	$	98,026	$	6,698
Derivative Liabilities
Interest rate swaps	$	310,985	$	—	$	310,985	$	9,623	$	—	$	301,362