v3.26.1
DERIVATIVES AND HEDGING (Tables)
3 Months Ended
Mar. 31, 2026
Derivative Instruments and Hedging Activities Disclosure [Abstract]  
Schedule of Derivatives Designated in Hedge Relationships
Asset DerivativesLiability Derivatives
March 31, 2026December 31, 2025March 31, 2026December 31, 2025
Notional/ Contract AmountFair ValueNotional/ Contract AmountFair ValueNotional/ Contract AmountFair ValueNotional/ Contract AmountFair Value
Interest rate swaps $421,679 $19,490 $409,748 $19,185 $421,679 $19,509 $409,748 $19,207 
Master netting agreements(9,612)(9,207)— — 
Net interest rate swaps9,878 9,978 19,509 19,207 
Risk participation agreements525 — 583 — 40,122 40,607 
Mortgage loan commitments9,192 30 39,895 333 55,596 55 — — 
Forward sales contracts69,483 446 28,405 — 9,192 30 33,793 151 
Total$500,879 $10,354 $478,631 $10,311 $526,589 $19,600 $484,148 $19,363 
Schedule of Fair Value, Measured on Nonrecurring Basis, Gains (Losses) From Fair Value Adjustments [Table Text Block]
Gains (losses) recognized in income within mortgage banking operations on non-designated hedging instruments for the three months ended March 31, 2026 and 2025, were as follows (in thousands):
Three Months Ended March 31,
20262025
Mortgage loan commitments$(290)$281 
Forward sales contracts568 (457)
$278 $(176)
Offsetting Assets and Liabilities
The following tables present additional information related to the Company’s derivative contracts, by type of financial instrument, as of March 31, 2026 and December 31, 2025 (in thousands):
March 31, 2026
Gross Amounts of Financial Instruments Not Offset in the Consolidated Statement of Financial Condition
Gross Amounts RecognizedAmounts offset in the Statement of Financial ConditionNet Amounts in the Statement of Financial ConditionNetting Adjustment Per Applicable Master Netting AgreementsFair Value of Financial Collateral in the Statement of Financial ConditionNet Amount
Derivative assets
Interest rate swaps$19,490 $(9,612)$9,878 $— $— $9,878 
$19,490 $(9,612)$9,878 $— $— $9,878 
Derivative liabilities
Interest rate swaps$19,509 $— $19,509 $— $(16,901)$2,608 
$19,509 $— $19,509 $— $(16,901)$2,608 
December 31, 2025
Gross Amounts of Financial Instruments Not Offset in the Consolidated Statement of Financial Condition
Gross Amounts RecognizedAmounts offset
in the Statement
of Financial Condition
Net Amounts in the Statement of Financial ConditionNetting Adjustment Per Applicable Master Netting AgreementsFair Value of Financial Collateral in the Statement of Financial ConditionNet Amount
Derivative assets
Interest rate swaps$19,185 $(9,207)$9,978 $— $— $9,978 
$19,185 $(9,207)$9,978 $— $— $9,978 
Derivative liabilities
Interest rate swaps$19,207 $— $19,207 $— $(15,767)$3,440 
$19,207 $— $19,207 $— $(15,767)$3,440