Derivatives (Tables)
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6 Months Ended |
Jun. 30, 2025 |
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| Derivative Instruments and Hedging Activities Disclosure [Abstract] |
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| Schedule of Non-Designated Derivative Financial Instruments |
The following tables provide details on the Company’s non-designated derivative financial instruments as of the dates presented: | | | | | | | | | | | | | | | | | | | | | | | | June 30, 2025 | | | | Notional Amount | | Asset | | Liability | | | | | | | | | | | Interest rate contracts | | $ | 598,390 | | | $ | 23,135 | | | $ | 23,194 | | | | Forward commitments | | 236,000 | | | — | | | 638 | | | | Interest rate-lock commitments | | 127,004 | | | 2,322 | | | — | | | | Futures contracts | | 185,000 | | | 2,109 | | | — | | | | | | | | | | | | Total | | $ | 1,146,394 | | | $ | 27,566 | | | $ | 23,832 | | |
| | | | | | | | | | | | | | | | | | | | | | | | December 31, 2024 | | | | Notional Amount | | Asset | | Liability | | | | | | | | | Interest rate contracts | | $ | 565,152 | | | $ | 29,298 | | | $ | 29,377 | | | Forward commitments | | 140,000 | | | 6 | | | — | | | Interest rate-lock commitments | | 65,687 | | | 647 | | | — | | | Futures contracts | | 217,000 | | | — | | | 3,006 | | | | | | | | | | Total | | $ | 987,839 | | | $ | 29,951 | | | $ | 32,383 | |
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| Schedule of Gains (Losses) Included in the Consolidated Statements of Income Related to Derivative Financial Instruments |
Gains (losses) included in the consolidated statements of income related to the Company’s non-designated derivative financial instruments were as follows: | | | | | | | | | | | | | | | | | | | | | | | | | | | Three Months Ended June 30, | | Six Months Ended June 30, | | | | 2025 | | | 2024 | | | 2025 | | 2024 | | | | Included in mortgage banking income: | | | | | | | | | | Interest rate lock commitments | | $ | 254 | | | $ | (693) | | | $ | 1,675 | | $ | 176 | | | | Forward commitments | | (114) | | | 334 | | | (323) | | 434 | | | | Futures contracts | | (180) | | | (1,402) | | | 2,131 | | (4,399) | | | | | | | | | | | | | Total | | $ | (40) | | | $ | (1,761) | | | $ | 3,483 | | $ | (3,789) | | |
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| Schedule of Offsetting Assets |
| | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | Gross amounts not offset on the consolidated balance sheets | | | | | Gross amounts recognized | | Gross amounts offset on the consolidated balance sheets | | Net amounts presented on the consolidated balance sheets | | Financial instruments | | Financial collateral pledged | | Net Amount | | June 30, 2025 | | | | | | | | | | | | | | Derivative financial assets | | $ | 18,093 | | | $ | — | | | $ | 18,093 | | | $ | 5,104 | | | $ | — | | | $ | 12,989 | | | Derivative financial liabilities | | $ | 10,503 | | | $ | — | | | $ | 10,503 | | | $ | 5,104 | | | $ | 5,399 | | | $ | — | | | | | | | | | | | | | | | | December 31, 2024 | | | | | | | | | | | | | | Derivative financial assets | | $ | 28,379 | | | $ | — | | | $ | 28,379 | | | $ | 1,030 | | | $ | — | | | $ | 27,349 | | | Derivative financial liabilities | | $ | 9,144 | | | $ | — | | | $ | 9,144 | | | $ | 1,030 | | | $ | 8,114 | | | $ | — | |
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| Schedule of Offsetting Liabilities |
| | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | Gross amounts not offset on the consolidated balance sheets | | | | | Gross amounts recognized | | Gross amounts offset on the consolidated balance sheets | | Net amounts presented on the consolidated balance sheets | | Financial instruments | | Financial collateral pledged | | Net Amount | | June 30, 2025 | | | | | | | | | | | | | | Derivative financial assets | | $ | 18,093 | | | $ | — | | | $ | 18,093 | | | $ | 5,104 | | | $ | — | | | $ | 12,989 | | | Derivative financial liabilities | | $ | 10,503 | | | $ | — | | | $ | 10,503 | | | $ | 5,104 | | | $ | 5,399 | | | $ | — | | | | | | | | | | | | | | | | December 31, 2024 | | | | | | | | | | | | | | Derivative financial assets | | $ | 28,379 | | | $ | — | | | $ | 28,379 | | | $ | 1,030 | | | $ | — | | | $ | 27,349 | | | Derivative financial liabilities | | $ | 9,144 | | | $ | — | | | $ | 9,144 | | | $ | 1,030 | | | $ | 8,114 | | | $ | — | |
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