v3.26.1
Derivative Instruments and Hedging Activities (Tables)
6 Months Ended
Jun. 30, 2026
Derivative Instruments and Hedging Activities Disclosure [Abstract]  
Schedule of Fair Values of Derivative Instruments

The following tables provide the notional values and fair values of our derivative instruments as of June 30, 2026 and December 31, 2025 (in thousands):

 

 

June 30, 2026

 

 

 

Derivative Assets

 

 

Derivative Liabilities

 

 

Notional value

 

Interest rate contracts

 

$

70,457

 

 

$

70,466

 

 

$

1,768,530

 

 

 

 

December 31, 2025

 

 

 

Derivative Assets

 

 

Derivative Liabilities

 

 

Notional value

 

Interest rate contracts

 

$

71,297

 

 

$

71,311

 

 

$

2,186,352

 

Schedule of Maturities of Derivative Instruments

The scheduled maturities of our derivative instruments as of June 30, 2026, are as follows (in thousands):

Within one year

 

$

196,678

 

One to three years

 

 

574,570

 

Three to five years

 

 

527,599

 

Five to ten years

 

 

433,625

 

Ten to fifteen years

 

 

23,375

 

Fifteen years and thereafter

 

 

12,683

 

Total notional value

 

$

1,768,530

 

Schedule of Distribution of Customer Interest Rate Derivative

The following table presents the distribution of customer interest rate derivative transactions, by derivative product, as of June 30, 2026 and December 31, 2025 (in thousands):

 

 

June 30,
2026

 

 

December 31,
2025

 

Swaps

 

$

1,671,030

 

 

$

1,853,852

 

Written options

 

 

97,500

 

 

 

332,500

 

Total notional value

 

$

1,768,530

 

 

$

2,186,352