v3.26.1
Derivatives and Hedging Activities (Tables)
6 Months Ended
Jun. 30, 2026
Derivatives and Hedging Activities  
Schedule of derivative positions at the dates indicated below for interest rate swaps

June 30, 2026

Weighted Average Rate

Notional

Weighted Average

Current Rate

Current Rate

Fair Value

Amount

Maturity

Paid

Received

Asset (Liability) (1)

(in thousands)

(in years)

(in thousands)

Interest rate swaps

$

300,000

2.5

3.63

%

3.44

%

$

(3,328)

Total

$

300,000

$

(3,328)

December 31, 2025

Weighted Average Rate

Notional

Weighted Average

Current Rate

Current Rate

Fair Value

Amount

Maturity

Paid

Received

Asset (Liability) (1)

(in thousands)

(in years)

(in thousands)

Interest rate swaps

$

300,000

3.5

3.87

%

3.44

%

$

1,284

Total

$

300,000

$

1,284

(1)Asset balances are recorded in prepaid expenses and other assets on the consolidated balance sheets. Liability balances are recorded in accrued expenses and other liabilities on the consolidated balance sheets.
Schedule of number of position and total number of non-designated hedges and RPAs

Total

June 30, 2026

Number of Positions

Notional

Derivatives not designated as hedging instruments:

(in thousands)

Interest rate products

75

$

523,758

RPA credit contracts

17

44,496

Total derivatives not designated as hedging instruments

$

568,254

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)

June 30, 2026

(in thousands)

Derivatives not designated as hedging instruments:

Interest rate products

$

19,593

$

19,593

RPA credit contracts

Total derivatives not designated as hedging instruments

$

19,593

$

19,593

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.