v3.26.1
Derivatives and Hedging Activities (Tables)
3 Months Ended
Mar. 31, 2026
Derivatives and Hedging Activities  
Schedule of derivative positions at the dates indicated below for interest rate swaps

March 31, 2026

Weighted Average Rate

Notional

Weighted Average

Current Rate

Current Rate

Fair Value

Amount

Maturity

Paid

Received

Asset (Liability)

(in thousands)

(in years)

(in thousands)

Interest rate swaps

$

300,000

2.8

3.64

%

3.44

%

$

(711)

Total

$

300,000

$

(711)

December 31, 2025

Weighted Average Rate

Notional

Weighted Average

Current Rate

Current Rate

Fair Value

Amount

Maturity

Paid

Received

Asset (Liability)

(in thousands)

(in years)

(in thousands)

Interest rate swaps

$

300,000

3.5

3.87

%

3.44

%

$

1,284

Total

$

300,000

$

1,284

Schedule of number of position and total number of non-designated hedges and RPAs

Total

March 31, 2026

Number of Positions

Notional

Derivatives not designated as hedging instruments:

(in thousands)

Interest rate products

78

$

554,191

RPA credit contracts

17

44,565

Total derivatives not designated as hedging instruments

$

598,756

Total

December 31, 2025

Number of Positions

Notional

Derivatives not designated as hedging instruments:

(in thousands)

Interest rate products

75

$

532,972

RPA credit contracts

17

44,634

Total derivatives not designated as hedging instruments

$

577,606

Schedule of fair values of derivative instruments on the balance sheet

Derivative

Derivative

Assets (1)

Liabilities (2)

March 31, 2026

(in thousands)

Derivatives not designated as hedging instruments:

Interest rate products

$

20,538

$

20,538

RPA credit contracts

Total derivatives not designated as hedging instruments

$

20,538

$

20,538

December 31, 2025

Derivatives not designated as hedging instruments:

Interest rate products

$

22,294

$

22,294

RPA credit contracts

1

Total derivatives not designated as hedging instruments

$

22,294

$

22,295

(1)Recorded in prepaid expenses and other assets on the consolidated balance sheets.
(2)Recorded in accrued expenses and other liabilities on the consolidated balance sheets.