v3.26.1
Derivative Instruments (Tables)
 6 Months Ended
Jun. 30, 2026
Derivative Instruments and Hedging Activities Disclosure [Abstract]  
Schedule of Derivative Financial Instruments
The following table provides a summary of the Company’s derivatives not designated as hedging instruments as of the dates presented:
Balance SheetJune 30, 2026December 31, 2025
LocationNotional AmountFair ValueNotional AmountFair Value
Derivative assets:
  Interest rate contractsOther Assets$1,804,473 $20,504 $1,784,028 $28,590 
  Interest rate lock commitmentsOther Assets119,473 1,941 92,881 1,419 
Forward commitmentsOther Assets124,000 405 33,000 53 
Totals$2,047,946 $22,850 $1,909,909 $30,062 
Derivative liabilities:
  Interest rate contractsOther Liabilities$1,804,473 $20,504 $1,784,028 $28,595 
Interest rate lock commitmentsOther Liabilities3,772 6 5,904 14 
  Forward commitmentsOther Liabilities100,000 312 196,000 593 
Totals$1,908,245 $20,822 $1,985,932 $29,202 
The following table provides a summary of the Company’s derivatives designated as cash flow hedges as of the dates presented:
Balance SheetJune 30, 2026December 31, 2025
LocationNotional AmountFair ValueNotional AmountFair Value
Derivative assets:
  Interest rate swapsOther Assets$30,000 $768 $130,000 $16,907 
  Interest rate collarsOther Assets— — 450,000 129 
Total$30,000 $768 $580,000 $17,036 
Derivative liabilities:
  Interest rate swapsOther Liabilities$100,000 $53 $— $— 
  Interest rate collarsOther Liabilities450,000 10 — — 
Totals$550,000 $63 $— $— 
The following table provides a summary of the Company’s derivatives designated as fair value hedges as of the dates presented:
Balance SheetJune 30, 2026December 31, 2025
LocationNotional AmountFair ValueNotional AmountFair Value
Derivative assets:
  Interest rate swaps - subordinated notesOther Assets$100,000 $899 $— $— 
  Interest rate swaps - securitiesOther Assets10,635 104 — — 
Totals$110,635 $1,003 $— $— 
Derivative liabilities:
  Interest rate swaps - subordinated notesOther Liabilities$— $— $100,000 $12,280 
  Interest rate swaps - securitiesOther Liabilities36,495 132 3,430 2 
Totals$36,495 $132 $103,430 $12,282 
Schedule of Gains (Losses) on Derivative Financial Instruments Included in the Consolidated Statements of Income
Gains and losses included in the Consolidated Statements of Income related to the Company’s derivative financial instruments were as follows as of the dates presented:
Three Months Ended June 30,Six Months Ended June 30,
2026202520262025
Interest rate lock commitments:
Included in mortgage banking income453 525 530 1,973 
Forward commitments:
Included in mortgage banking income(1,716)(2,033)633 (4,552)
Total$(1,263)$(1,508)$1,163 $(2,579)
The following table presents the effects of the Company’s fair value hedge relationships on the Consolidated Statements of Income for the periods presented:
Amount of Gain (Loss) Recognized in Income
Income StatementThree Months Ended June 30,Six Months Ended June 30,
Location2026202520262025
Derivative liabilities:
  Interest rate swaps - subordinated notesInterest Expense$431 $1,691 $404 $3,929 
Interest rate swaps - securitiesInterest Income467 — 510 — 
Derivative liabilities - hedged items:
  Interest rate swaps - subordinated notesInterest Expense$(431)$(1,691)$(404)$(3,928)
Interest rate swaps - securitiesInterest Income(467)— (510)— 
Schedule of Derivatives Instruments Statements of Financial Performance and Financial Position, Location
The following table presents the amounts that were recorded in the Consolidated Balance Sheets related to cumulative basis adjustments for fair value hedges as of the dates presented:
Carrying Amount of the Hedged ItemCumulative Amount of Fair Value Hedging Adjustments Included in the Carrying Amount of the Hedged Item
Balance Sheet LocationJune 30, 2026December 31, 2025June 30, 2026December 31, 2025
Long-term debt$86,594 $86,911 $12,684 $12,280 
Securities available for sale41,280 17,780 516 6 
Schedule of Offsetting Assets The following table presents the Company’s gross derivative positions as recognized in the Consolidated Balance Sheets as well as the net derivative positions, including collateral pledged to the extent the application of such collateral did not reduce the net derivative liability position below zero, had the Company elected to offset those instruments subject to an enforceable master netting agreement as of the dates presented:
Offsetting Derivative AssetsOffsetting Derivative Liabilities
June 30,
2026		December 31, 2025June 30,
2026		December 31, 2025
Gross amounts recognized$12,865 $21,867 $11,193 $17,650 
Gross amounts offset in the Consolidated Balance Sheets— — — — 
Net amounts presented in the Consolidated Balance Sheets12,865 21,867 11,193 17,650 
Gross amounts not offset in the Consolidated Balance Sheets
Financial instruments - derivative assets available for offset11,165 17,110 11,165 17,110 
Financial collateral (cash) pledged— — — 20 
Net amounts$1,700 $4,757 $28 $520 
Schedule of Offsetting Liabilities The following table presents the Company’s gross derivative positions as recognized in the Consolidated Balance Sheets as well as the net derivative positions, including collateral pledged to the extent the application of such collateral did not reduce the net derivative liability position below zero, had the Company elected to offset those instruments subject to an enforceable master netting agreement as of the dates presented:
Offsetting Derivative AssetsOffsetting Derivative Liabilities
June 30,
2026		December 31, 2025June 30,
2026		December 31, 2025
Gross amounts recognized$12,865 $21,867 $11,193 $17,650 
Gross amounts offset in the Consolidated Balance Sheets— — — — 
Net amounts presented in the Consolidated Balance Sheets12,865 21,867 11,193 17,650 
Gross amounts not offset in the Consolidated Balance Sheets
Financial instruments - derivative assets available for offset11,165 17,110 11,165 17,110 
Financial collateral (cash) pledged— — — 20 
Net amounts$1,700 $4,757 $28 $520