| Summary of Fair Value of Derivative Financial Instruments and Classification on the Balance Sheet |
The table below presents the fair value of the Corporation’s non-designated hedges, as well as their classification on the Consolidated Condensed Balance Sheets, as of June 30, 2026 and December 31, 2025.
| | | | | | | | | | | | | | | | | | | | | | | | | June 30, 2026 | | December 31, 2025 | | Notional Amount | | Fair Value | | Notional Amount | | Fair Value | | Included in other assets: | | | | | | | | | Interest rate swaps | $ | 1,526,758 | | | $ | 48,573 | | | $ | 1,529,421 | | | $ | 47,850 | | | Forward contracts related to mortgage loans to be delivered for sale | 44,685 | | 742 | | 15,217 | | 422 | | Interest rate lock commitments | 37,362 | | 241 | | 26,595 | | 196 | | Included in other assets | $ | 1,608,805 | | | $ | 49,556 | | | $ | 1,571,233 | | | $ | 48,468 | | | Included in other liabilities: | | | | | | | | | Interest rate swaps | $ | 1,643,997 | | | $ | 48,529 | | | $ | 1,668,136 | | | $ | 47,879 | | | Forward contracts related to mortgage loans to be delivered for sale | 39,000 | | 171 | | 25,000 | | 99 | | Interest rate lock commitments | 19,547 | | 56 | | 2,246 | | 2 | | Included in other liabilities | $ | 1,702,544 | | | $ | 48,756 | | | $ | 1,695,382 | | | $ | 47,980 | |
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| Summary of Effect of Derivative Financial Instruments on the Income Statement |
The amount of gain (loss) recognized into income related to non-designated hedging instruments is included in the tables below for the periods indicated. | | | | | | | | | | | | | | | | | | | | | Derivatives Not Designated as
Hedging Instruments under FASB ASC 815-10 | | Location of Gain (Loss)
Recognized in Income on
Derivative | | Amount of Gain (Loss)
Recognized into Income on
Derivatives | | | Three Months Ended June 30, 2026 | | Three Months Ended June 30, 2025 | | Forward contracts related to mortgage loans to be delivered for sale | | Net gains and fees on sales of loans | | $ | 133 | | | $ | 306 | | | Interest rate lock commitments | | Net gains and fees on sales of loans | | 256 | | | 18 | | | Total net gain recognized in income | | | | $ | 389 | | | $ | 324 | |
| | | | | | | | | | | | | | | | | | | | | | | | | | | | Derivatives Not Designated as
Hedging Instruments under FASB ASC 815-10 | | Location of Gain (Loss)
Recognized in Income on
Derivative | | Amount of Gain (Loss)
Recognized into Income on
Derivatives | | | Six Months Ended June 30, 2026 | | Six Months Ended June 30, 2025 | | Forward contracts related to mortgage loans to be delivered for sale | | Net gains and fees on sales of loans | | $ | 798 | | | $ | 74 | | | Interest rate lock commitments | | Net gains and fees on sales of loans | | (9) | | | 219 | | | Total net gain recognized in income | | | | $ | 789 | | | $ | 293 | |
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