Derivative Instruments (Tables)

3 Months Ended

Mar. 31, 2026

The table below presents average notional derivative amounts, as this is the most relevant measure of volume, and

derivative assets and liabilities by type. Refer to Note 22 for further details on derivative assets and liabilities by product

type.


		March 31, 2026			December 31, 2025
(in thousands)	Primary Underlying Risk	Notional Amount	Derivative Asset	Derivative Liability	Notional Amount	Derivative Asset	Derivative Liability
Interest Rate Swaps - not designated as hedges	Interest rate risk	$26,300	$2,343	$—	$26,300	$2,085	$—
Interest Rate Swaps - designated as hedges	Interest rate risk	391,693	16,309	(23)	391,693	17,322	(224)
FX forwards	Foreign exchange rate risk	20,731	340	(925)	20,731	340	(1,208)
Total		$438,724	$18,992	$(948)	$438,724	$19,747	$(1,432)

The table below presents gains and losses on derivatives.

The table below summarizes the gains and losses on derivatives which have qualified for hedge accounting.


(in thousands)	Derivatives - effective portion reclassified from AOCI to income	Derivatives - effective portion recorded in OCI	Total change in OCI for period
Interest rate swaps
Three Months Ended March 31, 2026	$(218)	$(112)	$106
Three Months Ended March 31, 2025	$(252)	$(4,196)	$(3,944)